Company Valuation: Whitecap Resources Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,613 6,565 5,314 5,992 13,960 19,649 - -
Change - 42.34% -19.07% 12.77% 132.96% 40.75% - -
Enterprise Value (EV) 1 5,687 8,479 6,699 6,925 17,354 21,759 21,090 20,040
Change - 49.08% -20.99% 3.38% 150.58% 25.38% -3.07% -4.98%
P/E 2.54x 3.98x 6.08x 7.5x 11.6x 10.7x 13x 10.8x
PBR - - - - - - - -
PEG - -0.47x -0.1x -1.1x -0.4x 0.2x -0.7x 0.5x
Capitalization / Revenue 1.83x 1.37x 1.38x 1.52x 2.48x 2.27x 2.28x 2.27x
EV / Revenue 2.25x 1.77x 1.74x 1.76x 3.08x 2.51x 2.45x 2.32x
EV / EBITDA 5.01x 3.41x 3.17x 3.5x 5.21x 4.44x 4.27x 4.23x
EV / EBIT - - 5.33x 3.36x 5.01x 4.56x 6.02x 10.9x
EV / FCF 10.1x 6.09x - 13.8x 19.5x 9.54x 10.7x 11.1x
FCF Yield 9.93% 16.4% - 7.24% 5.12% 10.5% 9.37% 9.04%
Dividend per Share 2 0.2062 0.39 0.62 0.73 0.73 0.73 0.73 0.7299
Rate of return 2.75% 3.63% 6.99% 7.16% 6.35% 4.52% 4.52% 4.52%
EPS 2 2.95 2.7 1.46 1.36 0.99 1.51 1.247 1.5
Distribution rate 6.99% 14.4% 42.5% 53.7% 73.7% 48.3% 58.6% 48.7%
Net sales 1 2,526 4,780 3,849 3,938 5,634 8,672 8,620 8,646
EBITDA 1 1,136 2,487 2,115 1,978 3,330 4,896 4,940 4,739
EBIT 1 - - 1,256 2,058 3,466 4,770 3,501 1,844
Net income 1 1,777 1,676 889 812.3 984.6 1,482 1,512 1,782
Net Debt 1 1,075 1,913 1,386 933.1 3,394 2,110 1,442 391.6
Reference price 2 7.49 10.74 8.87 10.20 11.50 16.16 16.16 16.16
Nbr of stocks (in thousands) 615,823 611,304 599,058 587,476 1,213,890 1,215,878 - -
Announcement Date 2/24/22 2/22/23 2/21/24 2/19/25 2/23/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.7x2.51x4.44x4.52% 14.1B
11.42x2.16x4.97x2.89% 141B
11.88x3.17x6.16x3.91% 93.85B
8.12x2.48x4.32x3.07% 70.68B
7.39x2.36x3.82x1.87% 55.89B
10.67x3.49x4.99x2.31% 52.66B
8.96x1.3x4.21x2.18% 52.11B
8.38x2.41x4.62x2.61% 49.42B
12.03x3.29x4.95x5.95% 42.8B
6.57x1.71x4.11x4.55% 36.05B
Average 9.61x 2.49x 4.66x 3.39% 60.88B
Weighted average by Cap. 9.95x 2.49x 4.82x 3.19%

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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