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 19,478 - -
Change - 42.34% -19.07% 12.77% 132.96% 39.53% - -
Enterprise Value (EV) 1 5,687 8,479 6,699 6,925 17,354 21,770 20,984 20,797
Change - 49.08% -20.99% 3.38% 150.58% 25.45% -3.61% -0.89%
P/E 2.54x 3.98x 6.08x 7.5x 11.6x 13.5x 12.9x 10.8x
PBR - - - - - - - -
PEG - -0.47x -0.1x -1.1x -0.4x 0.7x 2.43x 0.6x
Capitalization / Revenue 1.83x 1.37x 1.38x 1.52x 2.48x 2.24x 2.28x 2.29x
EV / Revenue 2.25x 1.77x 1.74x 1.76x 3.08x 2.5x 2.46x 2.44x
EV / EBITDA 5.01x 3.41x 3.17x 3.5x 5.21x 4.3x 4.29x 4.47x
EV / EBIT - - 5.33x 3.36x 5.01x 4.56x 5.99x 11.3x
EV / FCF 10.1x 6.09x - 13.8x 19.5x 9.47x 10.5x 11.2x
FCF Yield 9.93% 16.4% - 7.24% 5.12% 10.6% 9.54% 8.93%
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% 4.56% 4.56% 4.56%
EPS 2 2.95 2.7 1.46 1.36 0.99 1.184 1.247 1.49
Distribution rate 6.99% 14.4% 42.5% 53.7% 73.7% 61.7% 58.6% 49%
Net sales 1 2,526 4,780 3,849 3,938 5,634 8,713 8,525 8,513
EBITDA 1 1,136 2,487 2,115 1,978 3,330 5,064 4,896 4,655
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 2,291 1,505 1,319
Reference price 2 7.49 10.74 8.87 10.20 11.50 16.02 16.02 16.02
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.37x2.44x4.63x4.56% 13.82B
11.34x2.23x5.31x2.87% 144B
12.11x3.32x6.1x3.82% 96.43B
8.52x2.79x4.76x2.83% 77.73B
7.86x2.57x4.05x1.8% 55.73B
13.04x3.69x5.3x2.18% 56.02B
9.44x1.36x4.62x2.11% 53.44B
10.56x2.53x4.81x2.64% 51.28B
11.52x3.27x5.02x5.94% 43.11B
6.21x1.57x3.66x5.18% 33.54B
Average 10.40x 2.58x 4.83x 3.39% 62.49B
Weighted average by Cap. 10.50x 2.62x 5.03x 3.14%

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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