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 21,922 - -
Change - 42.34% -19.07% 12.77% 132.96% 57.04% - -
Enterprise Value (EV) 1 5,687 8,479 6,699 6,925 17,354 24,174 23,372 22,314
Change - 49.08% -20.99% 3.38% 150.58% 39.3% -3.32% -4.53%
P/E 2.54x 3.98x 6.08x 7.5x 11.6x 13.2x 14.5x 12x
PBR - - - - - - - -
PEG - -0.47x -0.1x -1.1x -0.4x 0.3x -1.6x 0.6x
Capitalization / Revenue 1.83x 1.37x 1.38x 1.52x 2.48x 2.53x 2.54x 2.54x
EV / Revenue 2.25x 1.77x 1.74x 1.76x 3.08x 2.79x 2.71x 2.58x
EV / EBITDA 5.01x 3.41x 3.17x 3.5x 5.21x 4.85x 4.67x 4.55x
EV / EBIT - - 5.33x 3.36x 5.01x 5.07x 6.68x 12.1x
EV / FCF 10.1x 6.09x - 13.8x 19.5x 10.3x 11.6x 11.7x
FCF Yield 9.93% 16.4% - 7.24% 5.12% 9.69% 8.6% 8.56%
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% 4.05% 4.05% 4.05%
EPS 2 2.95 2.7 1.46 1.36 0.99 1.371 1.247 1.5
Distribution rate 6.99% 14.4% 42.5% 53.7% 73.7% 53.3% 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 4,983 5,003 4,907
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 2,252 1,449 391.6
Reference price 2 7.49 10.74 8.87 10.20 11.50 18.03 18.03 18.03
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.($)
13.23x2.8x4.88x4.02% 16.02B
12.81x2.41x5.55x2.52% 162B
12.8x3.37x6.43x3.52% 106B
9.15x2.77x4.85x2.7% 80.28B
7.85x2.57x4.08x1.7% 61.28B
10.08x1.46x4.8x1.92% 60.8B
11.46x3.78x5.34x2.07% 59.01B
9.96x2.62x5.1x2.31% 56.46B
13.36x3.54x5.34x5.4% 46.03B
6.29x1.6x3.94x5.26% 35.77B
Average 10.70x 2.69x 5.03x 3.14% 68.37B
Weighted average by Cap. 11.05x 2.71x 5.24x 2.88%

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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