Company Valuation: ARC Resources

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 2,120 8,035 11,421 11,817 15,438 14,745
Change - 278.94% 42.15% 3.47% 30.64% -4.49%
Enterprise Value (EV) 1 2,871 10,609 13,149 14,025 17,827 18,650
Change - 269.54% 23.94% 6.66% 27.11% 4.62%
P/E -3.87x 9.2x 5.26x 7.54x 13.9x 11.8x
PBR 0.76x 1.35x 1.7x 1.58x 1.93x 1.78x
PEG - -0x 0x -0.3x -0.5x 0.7x
Capitalization / Revenue 1.87x 1.57x 1.32x 2.09x 3.03x 2.43x
EV / Revenue 2.53x 2.07x 1.52x 2.48x 3.5x 3.07x
EV / EBITDA 5.07x 5.29x 3.09x 4.13x 6.51x 5.77x
EV / EBIT 79.3x 10.7x 4.36x 6.82x 12x 10.6x
EV / FCF 11.3x 8.47x 7.14x 74.2x 68.3x 22.7x
FCF Yield 8.85% 11.8% 14% 1.35% 1.47% 4.41%
Dividend per Share 2 0.3 0.286 0.49 0.66 0.7 0.78
Rate of return 5% 2.49% 2.68% 3.36% 2.69% 3.03%
EPS 2 -1.55 1.25 3.47 2.61 1.88 2.19
Distribution rate -19.4% 22.9% 14.1% 25.3% 37.2% 35.6%
Net sales 1 1,134 5,126 8,641 5,655 5,099 6,076
EBITDA 1 566.1 2,006 4,253 3,394 2,737 3,235
EBIT 1 36.2 992.6 3,018 2,056 1,481 1,757
Net income 1 -547.2 786.6 2,302 1,596 1,124 1,275
Net Debt 1 750.7 2,575 1,728 2,208 2,389 3,905
Reference price 2 6.00 11.50 18.25 19.67 26.07 25.75
Nbr of stocks (in thousands) 3,53,376 6,98,660 6,25,814 6,00,775 5,92,192 5,72,621
Announcement Date 10/02/21 10/02/22 09/02/23 08/02/24 06/02/25 05/02/26
1CAD in Million2CAD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 1.39TCr
11.8x2.31x5.11x2.71% 15TCr
11.89x3.16x6.14x3.72% 9.72TCr
8.15x2.46x4.3x3% 7.23TCr
18.3x4.13x10.96x5.35% 6.98TCr
9.54x1.42x4.64x1.97% 5.75TCr
6.86x2.36x3.73x1.85% 5.53TCr
8.78x2.42x4.79x2.41% 5.29TCr
11.11x3.31x4.72x2.37% 5.15TCr
12.03x3.24x4.9x6.25% 4.21TCr
Average 10.94x 2.76x 5.48x 3.29% 6.63TCr
Weighted average by Cap. 11.20x 2.72x 5.57x 3.22%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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