Company Valuation: Ovintiv Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 8,799 12,589 11,933 10,543 9,925 17,775 - -
Change - 43.08% -5.21% -11.65% -5.86% 79.09% - -
Enterprise Value (EV) 1 13,390 16,154 17,667 15,954 15,092 20,731 20,260 19,976
Change - 20.65% 9.36% -9.7% -5.4% 37.36% -2.27% -1.4%
P/E 6.33x 3.6x 5.56x 9.62x 8.2x 23.7x 9.11x 7.57x
PBR 1.71x 1.62x 1.1x 1.02x 0.89x 1.51x 1.38x 1.2x
PEG - 0x -0.1x -0.2x 0.6x -0.6x 0x 0.4x
Capitalization / Revenue 1.02x 1.01x 1.1x 1.15x 1.11x 1.74x 1.91x 1.79x
EV / Revenue 1.55x 1.3x 1.62x 1.74x 1.69x 2.04x 2.17x 2.01x
EV / EBITDA 4.15x 3.81x 3.93x 3.57x 3.55x 3.99x 4.1x 3.93x
EV / EBIT 6.57x 5.19x 6.17x 10.1x 13.3x 12.3x 7.21x 7.16x
EV / FCF 7.92x 7.09x 15.3x 9.17x 9.21x 8.33x 9.7x 9.83x
FCF Yield 12.6% 14.1% 6.54% 10.9% 10.9% 12% 10.3% 10.2%
Dividend per Share 2 0.4675 0.95 1.15 1.2 1.2 1.208 1.219 1.246
Rate of return 1.39% 1.87% 2.62% 2.96% 3.06% 1.87% 1.89% 1.93%
EPS 2 5.32 14.08 7.9 4.21 4.78 2.721 7.085 8.527
Distribution rate 8.79% 6.75% 14.6% 28.5% 25.1% 44.4% 17.2% 14.6%
Net sales 1 8,658 12,464 10,883 9,152 8,908 10,187 9,326 9,936
EBITDA 1 3,229 4,243 4,495 4,474 4,252 5,190 4,943 5,086
EBIT 1 2,039 3,112 2,864 1,579 1,131 1,686 2,811 2,789
Net income 1 1,416 3,637 2,085 1,125 1,242 772.5 1,870 1,985
Net Debt 1 4,591 3,565 5,734 5,411 5,167 2,955 2,485 2,201
Reference price 2 33.70 50.71 43.92 40.50 39.19 64.52 64.52 64.52
Nbr of stocks (in thousands) 261,084 248,262 271,698 260,324 253,259 275,504 - -
Announcement Date 24/2/22 27/2/23 27/2/24 26/2/25 23/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.71x2.04x3.99x1.87% 17.78B
12.3x2.36x5.39x2.6% 157B
12.46x3.29x6.27x3.61% 102B
8.62x2.63x4.62x2.85% 75.97B
7.51x2.48x3.94x1.74% 58.6B
9.7x1.4x4.62x1.99% 58B
12.05x3.62x5.13x2.18% 55.96B
9.5x2.51x4.87x2.42% 53.85B
12.21x3.39x5.09x5.75% 43.49B
6.11x1.58x3.78x5.49% 34.01B
Average 11.42x 2.53x 4.77x 3.05% 65.69B
Weighted average by Cap. 10.97x 2.60x 5.03x 2.94%

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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