Company Valuation: Parex Resources Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,603 2,199 2,599 1,437 1,777 2,520 - -
Change - -15.54% 18.22% -44.73% 23.71% 41.79% - -
Enterprise Value (EV) 1 2,128 1,629 2,539 1,388 1,692 3,623 3,308 2,971
Change - -23.45% 55.81% -45.34% 21.91% 114.16% -8.7% -10.17%
P/E - 2.72x 4.26x 16.7x 5.15x 2.82x 4.43x 4.14x
PBR - - - - - - - -
PEG - - -0.2x -0.2x 0x 0x -0.1x 0.6x
Capitalization / Revenue 1.94x 0.97x 1.35x 0.77x 1.29x 1.06x 0.83x 0.81x
EV / Revenue 1.59x 0.72x 1.32x 0.75x 1.23x 1.52x 1.09x 0.96x
EV / EBITDA 2.64x 1.24x 2.29x 1.33x 2.41x 2.72x 2.12x 1.79x
EV / EBIT - 1.47x 3x 1.44x 3.96x 3.03x 2.43x 3.04x
EV / FCF 5.58x 16.3x 10.1x 3.51x 8.56x -16.4x 7.46x 4.29x
FCF Yield 17.9% 6.12% 9.86% 28.5% 11.7% -6.08% 13.4% 23.3%
Dividend per Share 2 0.6346 0.89 1.5 1.53 1.54 1.543 1.62 1.824
Rate of return 2.94% 4.42% 6.01% 10.5% 8.35% 5.89% 6.18% 6.96%
EPS 2 - 7.417 5.863 0.8708 3.584 9.285 5.914 6.321
Distribution rate - 12% 25.6% 176% 43% 16.6% 27.4% 28.9%
Net sales 1 1,342 2,266 1,920 1,858 1,376 2,378 3,037 3,109
EBITDA 1 806 1,316 1,109 1,045 701.7 1,334 1,562 1,657
EBIT 1 - 1,108 845 966.8 427.6 1,196 1,364 977.8
Net income 1 - 842.8 - 88.07 349 900.5 570.3 608.5
Net Debt 1 -474.5 -569.3 -60.55 -48.97 -85.56 1,103 787.8 451.4
Reference price 2 21.61 20.15 24.95 14.58 18.45 26.20 26.20 26.20
Nbr of stocks (in thousands) 1,20,452 1,09,109 1,04,172 98,534 96,324 96,180 - -
Announcement Date 01/03/22 08/03/23 29/02/24 05/03/25 04/03/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
2.82x1.52x2.72x5.89% 181.03Cr
18.84x2.97x9.15x - 364.78Cr
27.09x12.39x13.13x4.56% 339.07Cr
12.11x - - 2.47% 153.88Cr
11.64x1.73x3.21x4.96% 74Cr
5.58x1.56x3.11x10.59% 60Cr
16x3.13x4.63x - 56Cr
4.74x1.1x1.59x-.--% 26Cr
Average 12.35x 3.48x 5.36x 4.75% 156.83Cr
Weighted average by Cap. 16.46x 5.44x 8.18x 4.8%

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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