Company Valuation: Parex Resources Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,603 2,199 2,599 1,437 1,777 2,781 - -
Change - -15.54% 18.22% -44.73% 23.71% 56.46% - -
Enterprise Value (EV) 1 2,128 1,629 2,539 1,388 1,692 3,876 3,535 3,192
Change - -23.45% 55.81% -45.34% 21.91% 129.1% -8.79% -9.7%
P/E - 2.72x 4.26x 16.7x 5.15x 3.11x 4.89x 4.57x
PBR - - - - - - - -
PEG - - -0.2x -0.2x 0x 0x -0.1x 0.66x
Capitalization / Revenue 1.94x 0.97x 1.35x 0.77x 1.29x 1.17x 0.92x 0.89x
EV / Revenue 1.59x 0.72x 1.32x 0.75x 1.23x 1.63x 1.16x 1.03x
EV / EBITDA 2.64x 1.24x 2.29x 1.33x 2.41x 2.9x 2.26x 1.93x
EV / EBIT - 1.47x 3x 1.44x 3.96x 3.24x 2.59x 3.26x
EV / FCF 5.58x 16.3x 10.1x 3.51x 8.56x -17.6x 7.98x 4.61x
FCF Yield 17.9% 6.12% 9.86% 28.5% 11.7% -5.68% 12.5% 21.7%
Dividend per Share 2 0.6346 0.89 1.5 1.53 1.54 1.543 1.62 1.824
Rate of return 2.94% 4.42% 6.01% 10.5% 8.35% 5.34% 5.6% 6.31%
EPS 2 - 7.417 5.863 0.8708 3.584 9.285 5.914 6.321
Distribution rate - 12% 25.6% 176% 43% 16.6% 27.4% 28.9%
Net sales 1 1,342 2,266 1,920 1,858 1,376 2,378 3,037 3,109
EBITDA 1 806 1,316 1,109 1,045 701.7 1,334 1,562 1,657
EBIT 1 - 1,108 845 966.8 427.6 1,196 1,364 977.8
Net income 1 - 842.8 - 88.07 349 900.5 570.3 608.5
Net Debt 1 -474.5 -569.3 -60.55 -48.97 -85.56 1,095 754.2 411.2
Reference price 2 21.61 20.15 24.95 14.58 18.45 28.91 28.91 28.91
Nbr of stocks (in thousands) 120,452 109,109 104,172 98,534 96,324 96,180 - -
Announcement Date 3/1/22 3/8/23 2/29/24 3/5/25 3/4/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
3.11x1.63x2.9x5.34% 2.02B
19.27x3.03x9.36x - 3.77B
28.64x12.92x13.66x4.36% 3.58B
11.98x - - 2.5% 1.53B
12.36x1.82x3.37x4.68% 797M
6.21x1.63x3.35x9.75% 658M
16.71x3.25x5.24x - 587M
5.97x1.24x1.84x-.--% 293M
Average 13.03x 3.65x 5.68x 4.44% 1.65B
Weighted average by Cap. 17.03x 5.62x 8.42x 4.55%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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