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 2,782 - -
Change - -15.54% 18.22% -44.73% 23.71% 56.57% - -
Enterprise Value (EV) 1 2,128 1,629 2,539 1,388 1,692 3,877 3,537 3,194
Change - -23.45% 55.81% -45.34% 21.91% 129.21% -8.79% -9.7%
P/E - 2.72x 4.26x 16.7x 5.15x 3.12x 4.89x 4.58x
PBR - - - - - - - -
PEG - - -0.2x -0.2x 0x 0x -0.1x 0.67x
Capitalization / Revenue 1.94x 0.97x 1.35x 0.77x 1.29x 1.17x 0.92x 0.9x
EV / Revenue 1.59x 0.72x 1.32x 0.75x 1.23x 1.63x 1.16x 1.03x
EV / EBITDA 2.64x 1.24x 2.29x 1.33x 2.41x 2.91x 2.26x 1.93x
EV / EBIT - 1.47x 3x 1.44x 3.96x 3.24x 2.59x 3.27x
EV / FCF 5.58x 16.3x 10.1x 3.51x 8.56x -17.6x 7.98x 4.61x
FCF Yield 17.9% 6.12% 9.86% 28.5% 11.7% -5.68% 12.5% 21.7%
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% 5.33% 5.6% 6.3%
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 1,095 754.2 411.2
Reference price 2 21.61 20.15 24.95 14.58 18.45 28.93 28.93 28.93
Nbr of stocks (in thousands) 120,452 109,109 104,172 98,534 96,324 96,180 - -
Announcement Date 1/3/22 8/3/23 29/2/24 5/3/25 4/3/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
3.12x1.63x2.91x5.33% 2.01B
19.41x3.06x9.43x - 3.77B
27.65x12.51x13.23x4.52% 3.44B
12.43x - - 2.41% 1.59B
13.56x1.97x3.66x4.26% 869M
6.17x1.62x3.34x9.82% 653M
17x3.3x5.31x - 593M
6.27x1.2x1.82x-.--% 278M
Average 13.20x 3.61x 5.67x 4.39% 1.65B
Weighted average by Cap. 16.81x 5.41x 8.26x 4.55%

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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