SPARTAN DELTA Financials Spartan Delta Toronto S.E.
Equities
SDE
CA84678A1021
Oil & Gas Exploration and Production
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.16 CAD | +0.48% |
|
-0.48% | -72.25% |
| Feb. 27 | Spartan Delta Maintained at Buy at Stifel FirstEnergy After Q4 Results; Price Target Raised to C$4.50 | MT |
| Feb. 27 | Spartan Delta Price Target Raised to $3.75 at CIBC | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 130.5 | 173.2 | 914.5 | 2,334 | 516.1 | 720.5 | - |
| Enterprise Value (EV) 1 | 130.5 | 220.2 | 1,356 | 2,473 | 591.4 | 754.7 | 670.9 |
| P/E ratio | -500 x | 3.47 x | 2.39 x | 3.85 x | 0.78 x | 16.6 x | 8 x |
| Yield | - | - | - | - | 322% | - | - |
| Capitalization / Revenue | - | 1.91 x | 1.5 x | 1.59 x | 0.79 x | 2.18 x | 1.66 x |
| EV / Revenue | - | 2.42 x | 2.23 x | 1.69 x | 0.91 x | 2.28 x | 1.55 x |
| EV / EBITDA | - | 5.58 x | 3.56 x | 2.55 x | 1.41 x | 4.15 x | 2.59 x |
| EV / FCF | - | -2.38 x | 12.4 x | 6.53 x | 3.04 x | 15.2 x | 7.43 x |
| FCF Yield | - | -42% | 8.04% | 15.3% | 32.9% | 6.56% | 13.5% |
| Price to Book | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 26,106 | 58,106 | 153,186 | 156,133 | 173,201 | 173,201 | - |
| Reference price 2 | 5.000 | 2.980 | 5.970 | 14.95 | 2.980 | 4.160 | 4.160 |
| Announcement Date | 4/7/20 | 3/12/21 | 2/15/22 | 3/2/23 | 2/26/24 | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 90.84 | 608.1 | 1,464 | 652.8 | 330.5 | 434 |
| EBITDA 1 | - | 39.46 | 381.1 | 967.8 | 419.7 | 182 | 259 |
| EBIT 1 | - | 12.33 | - | - | - | 202 | 312 |
| Operating Margin | - | 13.57% | - | - | - | 61.12% | 71.89% |
| Earnings before Tax (EBT) | - | 41.04 | - | - | - | - | - |
| Net income | -1.998 | 47.66 | - | - | - | - | - |
| Net margin | - | 52.47% | - | - | - | - | - |
| EPS 2 | -0.0100 | 0.8600 | 2.500 | 3.880 | 3.820 | 0.2500 | 0.5200 |
| Free Cash Flow 1 | - | -92.52 | 108.9 | 378.5 | 194.5 | 49.5 | 90.25 |
| FCF margin | - | -101.85% | 17.91% | 25.84% | 29.8% | 14.98% | 20.79% |
| FCF Conversion (EBITDA) | - | - | 28.58% | 39.11% | 46.34% | 27.2% | 34.85% |
| FCF Conversion (Net income) | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | 9.600 | - | - |
| Announcement Date | 4/7/20 | 3/12/21 | 2/15/22 | 3/2/23 | 2/26/24 | - | - |
1CAD in Million2CAD
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA 1 | 89.18 | 193.4 | 211.7 | 292.8 | 230 | 233.3 | 189.7 | 85.08 | 39.05 | 54.48 | 43 | - | - | - |
| EBIT | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS 2 | 0.8700 | 0.7600 | 0.3600 | 1.050 | 1.640 | 0.8700 | 0.4900 | 2.640 | 0.0500 | 0.6400 | 0.0700 | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | 9.500 | - | - | - | - | - | - |
| Announcement Date | 11/8/21 | 2/15/22 | 5/10/22 | 8/9/22 | 11/8/22 | 3/2/23 | 5/12/23 | 8/2/23 | 11/7/23 | 2/26/24 | - | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 47.1 | 441 | 138 | 75.3 | 34.2 | - |
| Net Cash position 1 | - | - | - | - | - | - | 49.6 |
| Leverage (Debt/EBITDA) | - | 1.193 x | 1.157 x | 0.143 x | 0.1794 x | 0.188 x | - |
| Free Cash Flow 1 | - | -92.5 | 109 | 378 | 195 | 49.5 | 90.3 |
| ROE (net income / shareholders' equity) | - | 12.1% | - | 56.7% | 68.1% | 10% | 17% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - |
| Assets | - | - | - | - | - | - | - |
| Book Value Per Share | - | - | - | - | - | - | - |
| Cash Flow per Share 2 | - | 0.5800 | 2.080 | 4.640 | 2.740 | 1.030 | 1.300 |
| Capex 1 | - | 125 | 171 | 417 | 281 | 125 | 137 |
| Capex / Sales | - | 137.31% | 28.09% | 28.47% | 43.07% | 37.95% | 31.46% |
| Announcement Date | 4/7/20 | 3/12/21 | 2/15/22 | 3/2/23 | 2/26/24 | - | - |
1CAD in Million2CAD
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
C-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
4.16
CAD
Average target price
5.042
CAD
Spread / Average Target
+21.19%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +11.22% | 306B | |
| +12.21% | 153B | |
| +51.38% | 124B | |
| +22.70% | 83.43B | |
| +12.20% | 78.06B | |
| +19.56% | 62.81B | |
| +13.52% | 60.08B | |
| +12.74% | 49.91B | |
| +33.97% | 37.05B |
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