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 19,034 - -
Change - 42.34% -19.07% 12.77% 132.96% 36.35% - -
Enterprise Value (EV) 1 5,687 8,479 6,699 6,925 17,354 21,496 20,482 19,706
Change - 49.08% -20.99% 3.38% 150.58% 23.87% -4.72% -3.79%
P/E 2.54x 3.98x 6.08x 7.5x 11.6x 12.8x 11.3x 10.4x
PBR - - - - - - - -
PEG - -0.47x -0.1x -1.1x -0.4x 0.5x 0.9x 1.28x
Capitalization / Revenue 1.83x 1.37x 1.38x 1.52x 2.48x 2.15x 2.25x 2.24x
EV / Revenue 2.25x 1.77x 1.74x 1.76x 3.08x 2.43x 2.43x 2.31x
EV / EBITDA 5.01x 3.41x 3.17x 3.5x 5.21x 4.56x 4.19x 4.16x
EV / EBIT - - 5.33x 3.36x 5.01x 5.93x 5.92x 10.7x
EV / FCF 10.1x 6.09x - 13.8x 19.5x 9.01x 10.1x 9.87x
FCF Yield 9.93% 16.4% - 7.24% 5.12% 11.1% 9.92% 10.1%
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% 4.66% 4.66% 4.66%
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 2,462 1,448 671.5
Reference price 2 7.49 10.74 8.87 10.20 11.50 15.66 15.66 15.66
Nbr of stocks (in thousands) 6,15,823 6,11,304 5,99,058 5,87,476 12,13,890 12,15,471 - -
Announcement Date 24/02/22 22/02/23 21/02/24 19/02/25 23/02/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
12.78x2.43x4.57x4.66% 1.36TCr
10.97x2.11x5.1x3% 14TCr
10.99x3.07x5.7x4.15% 8.92TCr
7.83x2.67x4.5x2.98% 7.37TCr
7.52x2.52x4x1.88% 5.34TCr
12.49x3.5x5.06x2.28% 5.35TCr
8.62x1.3x4.49x2.24% 5.1TCr
9.79x2.42x4.61x2.73% 4.96TCr
11.03x3.11x4.58x6.97% 3.93TCr
5.97x1.57x3.66x5.29% 3.29TCr
Average 9.80x 2.47x 4.63x 3.62% 5.94TCr
Weighted average by Cap. 9.88x 2.49x 4.80x 3.34%

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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