International Petroleum Corporation

TSX:IPCO Stock Report

Market Cap: CA$2.1b

International Petroleum Valuation

Is IPCO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of IPCO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IPCO (CA$18.01) is trading below our estimate of fair value (CA$83.36)

Significantly Below Fair Value: IPCO is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for IPCO?

Other financial metrics that can be useful for relative valuation.

IPCO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.9x
Enterprise Value/EBITDA4.3x
PEG Ratio-2.8x

Price to Earnings Ratio vs Peers

How does IPCO's PE Ratio compare to its peers?

The above table shows the PE ratio for IPCO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.7x
FRU Freehold Royalties
14.3xn/aCA$2.1b
NVA NuVista Energy
6.8x45.1%CA$2.3b
ATH Athabasca Oil
34.3x18.9%CA$2.8b
AAV Advantage Energy
19.5x30.0%CA$1.5b
IPCO International Petroleum
8.8x-3.1%CA$2.1b

Price-To-Earnings vs Peers: IPCO is good value based on its Price-To-Earnings Ratio (8.8x) compared to the peer average (18.7x).


Price to Earnings Ratio vs Industry

How does IPCO's PE Ratio compare vs other companies in the CA Oil and Gas Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a6.9%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a6.9%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: IPCO is good value based on its Price-To-Earnings Ratio (8.8x) compared to the Canadian Oil and Gas industry average (11.8x).


Price to Earnings Ratio vs Fair Ratio

What is IPCO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IPCO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.8x
Fair PE Ratio8.2x

Price-To-Earnings vs Fair Ratio: IPCO is expensive based on its Price-To-Earnings Ratio (8.8x) compared to the estimated Fair Price-To-Earnings Ratio (8.2x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst IPCO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$18.01
CA$20.21
+12.2%
5.4%CA$21.21CA$18.17n/a5
Oct ’25CA$16.56
CA$20.44
+23.4%
6.5%CA$21.98CA$17.99n/a5
Sep ’25CA$20.45
CA$20.48
+0.1%
5.5%CA$21.90CA$18.48n/a5
Aug ’25CA$19.47
CA$20.32
+4.4%
5.2%CA$20.93CA$18.49n/a4
Jul ’25CA$18.10
CA$19.38
+7.1%
3.4%CA$20.03CA$18.51n/a4
Jun ’25CA$18.21
CA$20.09
+10.3%
7.8%CA$22.99CA$18.52n/a5
May ’25CA$16.98
CA$20.06
+18.1%
7.8%CA$23.07CA$18.66n/a5
Apr ’25CA$16.20
CA$17.09
+5.5%
3.5%CA$18.16CA$16.52n/a5
Mar ’25CA$14.75
CA$16.86
+14.3%
4.9%CA$18.09CA$15.51n/a5
Feb ’25CA$14.82
CA$16.92
+14.1%
4.1%CA$17.93CA$15.97n/a5
Jan ’25CA$15.77
CA$17.06
+8.2%
4.1%CA$18.30CA$16.36n/a5
Dec ’24CA$15.17
CA$17.80
+17.3%
6.2%CA$19.00CA$16.14n/a6
Nov ’24CA$14.26
CA$18.06
+26.6%
5.6%CA$18.98CA$16.48n/a6
Oct ’24CA$12.93
CA$17.37
+34.3%
9.3%CA$19.26CA$15.18CA$16.566
Sep ’24CA$12.94
CA$17.42
+34.6%
9.4%CA$19.28CA$15.20CA$20.456
Aug ’24CA$12.01
CA$17.10
+42.4%
8.8%CA$19.03CA$14.99CA$19.476
Jul ’24CA$10.85
CA$17.08
+57.5%
7.7%CA$18.98CA$15.55CA$18.106
Jun ’24CA$11.36
CA$17.53
+54.3%
7.1%CA$19.47CA$15.95CA$18.217
May ’24CA$13.12
CA$17.98
+37.1%
8.4%CA$20.14CA$16.12CA$16.987
Apr ’24CA$12.98
CA$17.82
+37.3%
8.1%CA$19.84CA$16.15CA$16.207
Mar ’24CA$13.56
CA$17.95
+32.4%
8.8%CA$20.01CA$16.01CA$14.757
Feb ’24CA$14.27
CA$18.92
+32.6%
10.1%CA$20.95CA$15.90CA$14.827
Jan ’24CA$15.40
CA$19.10
+24.0%
7.7%CA$20.97CA$16.79CA$15.776
Dec ’23CA$15.28
CA$19.11
+25.1%
7.9%CA$20.94CA$16.75CA$15.176
Nov ’23CA$14.48
CA$19.10
+31.9%
7.7%CA$20.95CA$16.80CA$14.266
Oct ’23CA$10.89
CA$19.82
+82.0%
9.0%CA$21.10CA$16.33CA$12.935

Analyst Forecast: Target price is less than 20% higher than the current share price.


Discover undervalued companies