Financials Ovintiv Inc. Toronto S.E.

Equities

OVV

US69047Q1022

Oil & Gas Exploration and Production

Market Closed - Toronto S.E. 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
72.78 CAD +0.26% Intraday chart for Ovintiv Inc. +1.79% +25.14%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,093 3,732 8,799 12,589 11,933 14,324 - -
Enterprise Value (EV) 1 12,877 10,607 13,390 16,154 11,933 20,014 19,273 18,912
P/E ratio 26.1 x -0.61 x 6.33 x 3.6 x 5.56 x 8.2 x 7.03 x 6.43 x
Yield 1.6% 2.61% 1.39% 1.87% - 2.26% 2.34% 2.4%
Capitalization / Revenue 0.91 x 0.61 x 1.02 x 1.01 x 1.1 x 1.31 x 1.28 x 1.36 x
EV / Revenue 1.91 x 1.74 x 1.55 x 1.3 x 1.1 x 1.83 x 1.72 x 1.79 x
EV / EBITDA 3.81 x 4.04 x 4.15 x 3.81 x 2.65 x 4.2 x 3.83 x 3.96 x
EV / FCF 42.2 x 55 x 7.92 x 7.09 x - 11.2 x 11.8 x 11.9 x
FCF Yield 2.37% 1.82% 12.6% 14.1% - 8.92% 8.46% 8.37%
Price to Book 0.62 x 0.97 x 1.71 x 1.62 x - 1.28 x 1.14 x 1.01 x
Nbr of stocks (in thousands) 259,822 259,861 261,084 248,262 271,698 268,954 - -
Reference price 2 23.45 14.36 33.70 50.71 43.92 53.26 53.26 53.26
Announcement Date 2/20/20 2/17/21 2/24/22 2/27/23 2/27/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,726 6,087 8,658 12,464 10,883 10,914 11,220 10,545
EBITDA 1 3,384 2,628 3,229 4,243 4,495 4,764 5,037 4,777
EBIT 1 1,369 794 2,039 3,112 2,864 2,484 2,920 2,616
Operating Margin 20.35% 13.04% 23.55% 24.97% 26.32% 22.76% 26.03% 24.81%
Earnings before Tax (EBT) 1 315 -5,730 1,239 3,560 2,510 2,046 2,466 2,454
Net income 1 234 -6,100 1,416 3,637 2,085 1,598 1,885 1,912
Net margin 3.48% -100.21% 16.35% 29.18% 19.16% 14.64% 16.8% 18.13%
EPS 2 0.9000 -23.47 5.320 14.08 7.900 6.494 7.573 8.286
Free Cash Flow 1 305 193 1,690 2,279 - 1,786 1,630 1,583
FCF margin 4.53% 3.17% 19.52% 18.28% - 16.37% 14.53% 15.02%
FCF Conversion (EBITDA) 9.01% 7.34% 52.34% 53.71% - 37.49% 32.36% 33.15%
FCF Conversion (Net income) 130.34% - 119.35% 62.66% - 111.78% 86.49% 82.83%
Dividend per Share 2 0.3750 0.3750 0.4675 0.9500 - 1.204 1.246 1.280
Announcement Date 2/20/20 2/17/21 2/24/22 2/27/23 2/27/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 1,789 3,339 1,967 3,736 3,549 3,212 2,551 2,517 2,649 3,166 2,681 2,539 2,566 2,624 2,553
EBITDA 1 895 783 1,080 1,289 958 918 1,024 808 1,250 1,418 1,160 1,171 1,215 1,252 1,257
EBIT 1 598 509 816 1,011 663 634 678 531 759 1,188 610.3 600.5 627.6 683.8 709
Operating Margin 33.43% 15.24% 41.48% 27.06% 18.68% 19.74% 26.58% 21.1% 28.65% 37.52% 22.76% 23.65% 24.46% 26.06% 27.77%
Earnings before Tax (EBT) 1 -71 1,382 -246 1,422 1,274 1,110 613 437 393 1,067 471.3 483.7 522.9 567.6 643.3
Net income 1 -72 1,384 -241 1,360 1,186 1,335 487 336 406 856 375.4 386.4 423.1 463.6 467.7
Net margin -4.02% 41.45% -12.25% 36.4% 33.42% 41.56% 19.09% 13.35% 15.33% 27.04% 14% 15.22% 16.49% 17.67% 18.32%
EPS 2 -0.2800 5.210 -0.9400 5.210 4.630 5.240 1.970 1.340 1.470 3.170 1.378 1.565 1.681 1.843 1.714
Dividend per Share 2 0.1400 0.1400 0.2000 0.2500 0.2500 0.2500 0.2500 0.3000 0.3000 - 0.3000 0.3000 0.3000 0.3000 0.3300
Announcement Date 11/2/21 2/24/22 5/9/22 8/3/22 11/8/22 2/27/23 5/9/23 7/27/23 11/7/23 2/27/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 6,784 6,875 4,591 3,565 - 5,690 4,948 4,587
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.005 x 2.616 x 1.422 x 0.8402 x - 1.194 x 0.9822 x 0.9603 x
Free Cash Flow 1 305 193 1,690 2,279 - 1,786 1,630 1,583
ROE (net income / shareholders' equity) 9.9% 1.32% 31.8% 27.7% - 14.2% 14.5% 11.6%
ROA (Net income/ Total Assets) 4.67% -33.9% 9.15% 12.2% - 7.89% 7.29% -
Assets 1 5,011 17,978 15,475 29,926 - 20,255 25,875 -
Book Value Per Share 2 38.00 14.80 19.70 31.30 - 41.80 46.70 52.60
Cash Flow per Share 2 11.30 7.420 12.00 15.90 14.80 15.90 16.60 17.20
Capex 1 2,626 1,736 1,519 1,831 - 2,313 2,403 2,537
Capex / Sales 39.04% 28.52% 17.54% 14.69% - 21.2% 21.42% 24.06%
Announcement Date 2/20/20 2/17/21 2/24/22 2/27/23 2/27/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
25
Last Close Price
53.26 USD
Average target price
61.79 USD
Spread / Average Target
+16.02%
Consensus