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 18,293 - -
Change - 42.34% -19.07% 12.77% 132.96% 31.04% - -
Enterprise Value (EV) 1 5,687 8,479 6,699 6,925 17,354 20,826 19,706 19,044
Change - 49.08% -20.99% 3.38% 150.58% 20.01% -5.38% -3.36%
P/E 2.54x 3.98x 6.08x 7.5x 11.6x 12.3x 12.1x 10x
PBR - - - - - - - -
PEG - -0.47x -0.1x -1.1x -0.4x 0.5x 5.64x 0.5x
Capitalization / Revenue 1.83x 1.37x 1.38x 1.52x 2.48x 2.06x 2.17x 2.15x
EV / Revenue 2.25x 1.77x 1.74x 1.76x 3.08x 2.35x 2.33x 2.24x
EV / EBITDA 5.01x 3.41x 3.17x 3.5x 5.21x 4.27x 4.06x 3.88x
EV / EBIT - - 5.33x 3.36x 5.01x 5.74x 5.69x 10.3x
EV / FCF 10.1x 6.09x - 13.8x 19.5x 8.96x 10.1x 9.54x
FCF Yield 9.93% 16.4% - 7.24% 5.12% 11.2% 9.9% 10.5%
Dividend per Share 2 0.2062 0.39 0.62 0.73 0.73 0.7299 0.73 0.7298
Rate of return 2.75% 3.63% 6.99% 7.16% 6.35% 4.85% 4.85% 4.85%
EPS 2 2.95 2.7 1.46 1.36 0.99 1.221 1.247 1.5
Distribution rate 6.99% 14.4% 42.5% 53.7% 73.7% 59.8% 58.6% 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 4,875 4,858 4,903
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 2,534 1,413 751.2
Reference price 2 7.49 10.74 8.87 10.20 11.50 15.05 15.05 15.05
Nbr of stocks (in thousands) 615,823 611,304 599,058 587,476 1,213,890 1,215,471 - -
Announcement Date 24/2/22 22/2/23 21/2/24 19/2/25 23/2/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.33x2.35x4.26x4.85% 12.87B
10.3x2.01x4.61x3.25% 127B
10.37x2.86x5.41x4.47% 81.83B
7.42x2.53x4.18x3.13% 70.27B
10.9x3.36x4.64x2.4% 50.79B
6.52x2.23x3.56x2.09% 48.83B
8.87x2.27x4.39x2.8% 48.43B
7.96x1.21x4.22x2.41% 46.81B
9.29x2.84x4.13x7.97% 36.59B
10.7x3.84x5.48x1.26% 32.52B
Average 9.47x 2.55x 4.49x 3.46% 55.59B
Weighted average by Cap. 9.35x 2.47x 4.54x 3.36%

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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