InPlay Oil Corp.

TSX:IPO Stock Report

Market Cap: CA$363.6m

InPlay Oil Valuation

Is IPO 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

CA$150.07
Fair Value
91.3% undervalued intrinsic discount
5
Number of Analysts

Below Fair Value: IPO (CA$13.06) is trading below our estimate of fair value (CA$150.07)

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

Key Valuation Metric

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

Key metric: As IPO is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for IPO. This is calculated by dividing IPO's market cap by their current revenue.
What is IPO's PS Ratio?
PS Ratio1.7x
SalesCA$215.70m
Market CapCA$363.57m

Price to Sales Ratio vs Peers

How does IPO's PS Ratio compare to its peers?

The above table shows the PS ratio for IPO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.9x
FEC Frontera Energy
0.3xn/aCA$407.6m
TAL PetroTal
0.8x-0.86%CA$365.2m
JOY Journey Energy
1.6xn/aCA$271.9m
OBE Obsidian Energy
1x18.76%CA$591.3m
IPO InPlay Oil
1.7x20.70%CA$363.6m

Price-To-Sales vs Peers: IPO is expensive based on its Price-To-Sales Ratio (1.7x) compared to the peer average (0.9x).

Price to Sales Ratio vs Industry

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

19 CompaniesPrice / SalesEstimated GrowthMarket Cap
PKI Parkland
0.3x3.99%US$4.98b
SES SECURE Waste Infrastructure
0.4x-74.26%US$2.82b
GEI Gibson Energy
0.4x-0.93%US$2.77b
FEC Frontera Energy
0.3xn/aUS$291.57m
IPO 1.7xIndustry Avg. 2.5xNo. of Companies26PS0246810+
19 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: IPO is good value based on its Price-To-Sales Ratio (1.7x) compared to the Canadian Oil and Gas industry average (2.5x).

Price to Sales Ratio vs Fair Ratio

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

IPO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.7x
Fair PS Ratio2x

Price-To-Sales vs Fair Ratio: IPO is good value based on its Price-To-Sales Ratio (1.7x) compared to the estimated Fair Price-To-Sales Ratio (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 IPO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$13.06
CA$15.50
+18.68%
8.66%CA$18.00CA$14.00n/a5
Nov ’26CA$12.01
CA$15.20
+26.56%
9.67%CA$18.00CA$14.00n/a5
Oct ’26CA$12.67
CA$15.20
+19.97%
11.32%CA$18.00CA$13.00n/a5
Sep ’26CA$11.42
CA$15.00
+31.35%
12.47%CA$18.00CA$13.00n/a4
Aug ’26CA$10.30
CA$14.50
+40.78%
14.22%CA$18.00CA$13.00n/a4
May ’26CA$6.88
CA$13.67
+98.64%
6.90%CA$15.00CA$13.00n/a3
Apr ’26CA$9.72
CA$16.50
+69.75%
7.42%CA$18.00CA$15.00n/a3
Mar ’26CA$9.66
CA$16.50
+70.81%
7.42%CA$18.00CA$15.00n/a3
Feb ’26CA$10.14
CA$16.88
+66.42%
7.37%CA$18.00CA$15.00n/a4
Jan ’26CA$10.38
CA$19.08
+83.82%
12.95%CA$24.00CA$17.40n/a5
Dec ’25CA$10.80
CA$19.08
+76.67%
12.95%CA$24.00CA$17.40n/a5
Nov ’25CA$11.34
CA$19.74
+74.07%
11.71%CA$24.00CA$17.40CA$12.015
Oct ’25CA$12.06
CA$21.48
+78.11%
6.47%CA$24.00CA$19.80CA$12.675
Sep ’25CA$12.96
CA$21.48
+65.74%
6.47%CA$24.00CA$19.80CA$11.425
Aug ’25CA$13.44
CA$21.96
+63.39%
5.42%CA$24.00CA$20.70CA$10.305
Jul ’25CA$13.32
CA$21.96
+64.86%
5.42%CA$24.00CA$20.70CA$9.015
Jun ’25CA$13.86
CA$21.96
+58.44%
5.42%CA$24.00CA$20.70CA$8.695
May ’25CA$14.22
CA$22.14
+55.70%
4.73%CA$24.00CA$21.00CA$6.885
Apr ’25CA$14.52
CA$22.14
+52.48%
4.73%CA$24.00CA$21.00CA$9.725
Mar ’25CA$14.22
CA$26.34
+85.23%
25.21%CA$39.00CA$21.60CA$9.665
Feb ’25CA$12.84
CA$26.34
+105.14%
25.21%CA$39.00CA$21.60CA$10.145
Jan ’25CA$13.26
CA$29.52
+122.62%
16.89%CA$39.00CA$25.50CA$10.385
Dec ’24CA$14.10
CA$29.52
+109.36%
16.89%CA$39.00CA$25.50CA$10.805
Nov ’24CA$15.36
CA$29.52
+92.19%
16.89%CA$39.00CA$25.50CA$11.345
CA$15.5
Fair Value
15.7% undervalued intrinsic discount
5
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/19 03:03
End of Day Share Price 2025/11/18 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

InPlay Oil Corp. is covered by 9 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Trevor ReynoldsAcumen Capital Finance Partners Limited
Laique Ahmad Amir ArifATB Capital Markets
Patrick O'RourkeATB Capital Markets