Parkland Corporation

TSX:PKI Stock Report

Market Cap: CA$6.0b

Parkland Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 PKI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PKI (CA$33.95) is trading below our estimate of fair value (CA$91.88)

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

Key Valuation Metric

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

Key metric: As PKI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PKI. This is calculated by dividing PKI's market cap by their current earnings.
What is PKI's PE Ratio?
PE Ratio24.4x
EarningsCA$242.00m
Market CapCA$5.98b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PKI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.7x
SES Secure Energy Services
6.5x-34.6%CA$4.0b
WCP Whitecap Resources
7x-17.0%CA$6.1b
PSK PrairieSky Royalty
31.8x2.1%CA$7.0b
MEG MEG Energy
13.4x-1.3%CA$6.7b
PKI Parkland
24.4x33.4%CA$6.0b

Price-To-Earnings vs Peers: PKI is expensive based on its Price-To-Earnings Ratio (24.4x) compared to the peer average (14.7x).

Price to Earnings Ratio vs Industry

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

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HAM Highwood Asset Management
1.3x-43.9%US$65.03m
ALPS.U Alpine Summit Energy Partners
1xn/aUS$24.02m
KUB.H Carcetti Capital
0.7xn/aUS$5.82m
GCOM Green Shift Commodities
1.4xn/aUS$4.93m
PKI 24.4xIndustry Avg. 11.0xNo. of Companies11PE0816243240+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PKI is expensive based on its Price-To-Earnings Ratio (24.4x) compared to the Canadian Oil and Gas industry average (10.7x).

Price to Earnings Ratio vs Fair Ratio

What is PKI'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.

PKI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.4x
Fair PE Ratio19.2x

Price-To-Earnings vs Fair Ratio: PKI is expensive based on its Price-To-Earnings Ratio (24.4x) compared to the estimated Fair Price-To-Earnings Ratio (19.2x).

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 PKI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$33.95
CA$47.31
+39.3%
10.7%CA$58.00CA$38.00n/a13
Nov ’25CA$32.96
CA$47.31
+43.5%
10.7%CA$58.00CA$38.00n/a13
Oct ’25CA$34.90
CA$51.14
+46.5%
10.3%CA$60.00CA$40.00n/a14
Sep ’25CA$36.47
CA$50.93
+39.6%
8.4%CA$60.00CA$43.00n/a14
Aug ’25CA$36.99
CA$51.57
+39.4%
8.0%CA$60.00CA$43.00n/a14
Jul ’25CA$38.35
CA$53.14
+38.6%
6.0%CA$60.00CA$46.00n/a14
Jun ’25CA$39.33
CA$53.14
+35.1%
6.0%CA$60.00CA$46.00n/a14
May ’25CA$42.60
CA$53.36
+25.3%
6.1%CA$60.00CA$46.00n/a14
Apr ’25CA$42.29
CA$53.57
+26.7%
7.2%CA$60.00CA$44.00n/a14
Mar ’25CA$42.83
CA$53.36
+24.6%
7.4%CA$60.00CA$44.00n/a14
Feb ’25CA$45.82
CA$51.57
+12.6%
9.1%CA$60.00CA$40.00n/a14
Jan ’25CA$42.71
CA$51.57
+20.7%
9.1%CA$60.00CA$40.00n/a14
Dec ’24CA$43.88
CA$51.07
+16.4%
8.8%CA$60.00CA$40.00n/a14
Nov ’24CA$42.51
CA$47.68
+12.2%
7.1%CA$53.00CA$39.00CA$32.9614
Oct ’24CA$39.73
CA$44.04
+10.8%
5.3%CA$48.50CA$39.00CA$34.9014
Sep ’24CA$36.84
CA$41.93
+13.8%
4.5%CA$46.00CA$39.00CA$36.4714
Aug ’24CA$35.85
CA$39.93
+11.4%
6.2%CA$44.00CA$36.00CA$36.9914
Jul ’24CA$33.00
CA$39.50
+19.7%
6.9%CA$44.00CA$36.00CA$38.3514
Jun ’24CA$33.62
CA$39.73
+18.2%
6.7%CA$44.00CA$36.00CA$39.3315
May ’24CA$32.05
CA$39.07
+21.9%
7.6%CA$44.00CA$34.00CA$42.6015
Apr ’24CA$32.40
CA$39.40
+21.6%
8.4%CA$45.00CA$34.00CA$42.2915
Mar ’24CA$29.89
CA$39.00
+30.5%
7.4%CA$44.00CA$35.00CA$42.8315
Feb ’24CA$31.35
CA$39.00
+24.4%
8.3%CA$46.00CA$34.00CA$45.8215
Jan ’24CA$29.71
CA$38.93
+31.0%
8.0%CA$46.00CA$34.00CA$42.7115
Dec ’23CA$28.51
CA$38.80
+36.1%
8.5%CA$46.00CA$34.00CA$43.8815
Nov ’23CA$28.00
CA$39.67
+41.7%
9.3%CA$47.00CA$34.00CA$42.5115

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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