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 18,475 - -
Change - 42.34% -19.07% 12.77% 132.96% 32.35% - -
Enterprise Value (EV) 1 5,687 8,479 6,699 6,925 17,354 21,000 19,936 19,226
Change - 49.08% -20.99% 3.38% 150.58% 21.01% -5.07% -3.56%
P/E 2.54x 3.98x 6.08x 7.5x 11.6x 12.4x 11x 10.1x
PBR - - - - - - - -
PEG - -0.47x -0.1x -1.1x -0.4x 0.5x 0.8x 1.25x
Capitalization / Revenue 1.83x 1.37x 1.38x 1.52x 2.48x 2.08x 2.19x 2.17x
EV / Revenue 2.25x 1.77x 1.74x 1.76x 3.08x 2.37x 2.36x 2.26x
EV / EBITDA 5.01x 3.41x 3.17x 3.5x 5.21x 4.45x 4.07x 4.06x
EV / EBIT - - 5.33x 3.36x 5.01x 5.79x 5.76x 10.4x
EV / FCF 10.1x 6.09x - 13.8x 19.5x 8.87x 10.2x 9.63x
FCF Yield 9.93% 16.4% - 7.24% 5.12% 11.3% 9.79% 10.4%
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% 4.8% 4.8% 4.8%
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 4,716 4,893 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 2,525 1,460 751.2
Reference price 2 7.49 10.74 8.87 10.20 11.50 15.20 15.20 15.20
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.($)
12.4x2.37x4.45x4.8% 13.07B
10.71x2.08x4.99x3.1% 133B
10.88x3.02x5.61x4.22% 86.96B
7.62x2.59x4.36x3.08% 71.43B
7.02x2.37x3.86x1.94% 52.61B
11.25x3.41x4.77x2.36% 51.59B
8.47x1.28x4.43x2.29% 49.45B
9.28x2.28x4.45x2.78% 48.71B
10.45x3x4.45x7.27% 38.41B
5.9x1.56x3.64x5.35% 32.23B
Average 9.40x 2.40x 4.50x 3.72% 57.73B
Weighted average by Cap. 9.50x 2.42x 4.66x 3.44%

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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