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 19,435 - -
Change - 42.34% -19.07% 12.77% 132.96% 39.22% - -
Enterprise Value (EV) 1 5,687 8,479 6,699 6,925 17,354 21,853 20,847 20,107
Change - 49.08% -20.99% 3.38% 150.58% 25.93% -4.6% -3.55%
P/E 2.54x 3.98x 6.08x 7.5x 11.6x 13x 11.5x 10.7x
PBR - - - - - - - -
PEG - -0.47x -0.1x -1.1x -0.4x 0.5x 0.9x 1.32x
Capitalization / Revenue 1.83x 1.37x 1.38x 1.52x 2.48x 2.19x 2.3x 2.28x
EV / Revenue 2.25x 1.77x 1.74x 1.76x 3.08x 2.47x 2.47x 2.36x
EV / EBITDA 5.01x 3.41x 3.17x 3.5x 5.21x 4.64x 4.26x 4.25x
EV / EBIT - - 5.33x 3.36x 5.01x 6.02x 6.02x 10.9x
EV / FCF 10.1x 6.09x - 13.8x 19.5x 9.16x 10.3x 10.1x
FCF Yield 9.93% 16.4% - 7.24% 5.12% 10.9% 9.75% 9.93%
Dividend per Share 2 0.2062 0.39 0.62 0.73 0.73 0.73 0.73 0.7298
Rate of return 2.75% 3.63% 6.99% 7.16% 6.35% 4.57% 4.57% 4.56%
EPS 2 2.95 2.7 1.46 1.36 0.99 1.225 1.388 1.5
Distribution rate 6.99% 14.4% 42.5% 53.7% 73.7% 59.6% 52.6% 48.7%
Net sales 1 2,526 4,780 3,849 3,938 5,634 8,862 8,444 8,513
EBITDA 1 1,136 2,487 2,115 1,978 3,330 4,713 4,892 4,734
EBIT 1 - - 1,256 2,058 3,466 3,628 3,462 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 2,418 1,412 671.5
Reference price 2 7.49 10.74 8.87 10.20 11.50 15.99 15.99 15.99
Nbr of stocks (in thousands) 615,823 611,304 599,058 587,476 1,213,890 1,215,471 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.05x2.47x4.64x4.56% 13.87B
11.15x2.15x5.25x2.95% 140B
11.21x3.12x5.81x4.07% 91.2B
7.91x2.7x4.58x2.95% 74.51B
12.73x3.58x5.26x2.22% 55.01B
7.69x2.57x4.07x1.83% 54.57B
8.83x1.33x4.6x2.19% 52.36B
9.97x2.46x4.7x2.68% 50.55B
11.56x3.19x4.71x6.71% 40.44B
6.08x1.59x3.7x5.19% 32.98B
Average 10.02x 2.52x 4.73x 3.53% 60.52B
Weighted average by Cap. 10.09x 2.53x 4.91x 3.27%

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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