company background image
TPZ

Topaz Energy TSX:TPZ Stock Report

Last Price

CA$21.49

Market Cap

CA$3.1b

7D

9.3%

1Y

22.5%

Updated

03 Oct, 2022

Data

Company Financials +
TPZ fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance3/6
Financial Health4/6
Dividends2/6

TPZ Stock Overview

Topaz Energy Corp. operates as a royalty and energy infrastructure company.

Topaz Energy Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Topaz Energy
Historical stock prices
Current Share PriceCA$21.49
52 Week HighCA$24.80
52 Week LowCA$16.31
Beta0
1 Month Change5.86%
3 Month Change10.83%
1 Year Change22.45%
3 Year Changen/a
5 Year Changen/a
Change since IPO65.18%

Recent News & Updates

Sep 13
Topaz Energy's (TSE:TPZ) Shareholders Will Receive A Bigger Dividend Than Last Year

Topaz Energy's (TSE:TPZ) Shareholders Will Receive A Bigger Dividend Than Last Year

Topaz Energy Corp. ( TSE:TPZ ) has announced that it will be increasing its dividend from last year's comparable...

Shareholder Returns

TPZCA Oil and GasCA Market
7D9.3%8.9%3.3%
1Y22.5%25.9%-4.0%

Return vs Industry: TPZ matched the Canadian Oil and Gas industry which returned 21.8% over the past year.

Return vs Market: TPZ exceeded the Canadian Market which returned -6.6% over the past year.

Price Volatility

Is TPZ's price volatile compared to industry and market?
TPZ volatility
TPZ Average Weekly Movement5.2%
Oil and Gas Industry Average Movement10.5%
Market Average Movement10.1%
10% most volatile stocks in CA Market18.4%
10% least volatile stocks in CA Market3.8%

Stable Share Price: TPZ is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: TPZ's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20068Marty Stapleshttps://topazenergy.ca

Topaz Energy Corp. operates as a royalty and energy infrastructure company. It operates in Royalty Production and Infrastructure segments. The company holds gross overriding royalty interests on approximately 5.3 million gross acres of developed and undeveloped lands.

Topaz Energy Fundamentals Summary

How do Topaz Energy's earnings and revenue compare to its market cap?
TPZ fundamental statistics
Market CapCA$3.10b
Earnings (TTM)CA$82.17m
Revenue (TTM)CA$325.14m

37.7x

P/E Ratio

9.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TPZ income statement (TTM)
RevenueCA$325.14m
Cost of RevenueCA$5.19m
Gross ProfitCA$319.96m
Other ExpensesCA$237.79m
EarningsCA$82.17m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 01, 2022

Earnings per share (EPS)0.57
Gross Margin98.41%
Net Profit Margin25.27%
Debt/Equity Ratio16.0%

How did TPZ perform over the long term?

See historical performance and comparison

Dividends

5.2%

Current Dividend Yield

162%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

TPZ 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/Revenue10.2x
Enterprise Value/EBITDA11x
PEG Ratio1.8x

Price to Earnings Ratio vs Peers

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

TPZ PE Ratio vs Peers
The above table shows the PE ratio for TPZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average4.7x
BTE Baytex Energy
4.2x26.2%CA$3.5b
BIR Birchcliff Energy
4.6xn/aCA$2.7b
POU Paramount Resources
6.2xn/aCA$3.6b
PXT Parex Resources
3.8xn/aCA$2.4b
TPZ Topaz Energy
37.7x20.7%CA$3.1b

Price-To-Earnings vs Peers: TPZ is expensive based on its Price-To-Earnings Ratio (37.7x) compared to the peer average (4.7x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: TPZ is expensive based on its Price-To-Earnings Ratio (37.7x) compared to the Canadian Oil and Gas industry average (5.7x)


Price to Earnings Ratio vs Fair Ratio

What is TPZ'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.

TPZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio37.7x
Fair PE Ratio16.7x

Price-To-Earnings vs Fair Ratio: TPZ is expensive based on its Price-To-Earnings Ratio (37.7x) compared to the estimated Fair Price-To-Earnings Ratio (16.7x).


Share Price vs Fair Value

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

Below Fair Value: TPZ (CA$21.49) is trading below our estimate of fair value (CA$29.51)

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


Analyst Price Targets

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

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


Discover undervalued companies

Future Growth

How is Topaz Energy forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


20.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TPZ's forecast earnings growth (20.7% per year) is above the savings rate (1.6%).

Earnings vs Market: TPZ's earnings (20.7% per year) are forecast to grow faster than the Canadian market (7.5% per year).

High Growth Earnings: TPZ's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TPZ's revenue (4.1% per year) is forecast to grow slower than the Canadian market (5.8% per year).

High Growth Revenue: TPZ's revenue (4.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TPZ's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Topaz Energy performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


601.0%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: TPZ has high quality earnings.

Growing Profit Margin: TPZ's current net profit margins (25.3%) are higher than last year (8.6%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if TPZ's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare TPZ's past year earnings growth to its 5-year average.

Earnings vs Industry: TPZ earnings growth over the past year (601%) exceeded the Oil and Gas industry 176.9%.


Return on Equity

High ROE: TPZ's Return on Equity (5.9%) is considered low.


Discover strong past performing companies

Financial Health

How is Topaz Energy's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: TPZ's short term assets (CA$89.1M) exceed its short term liabilities (CA$13.4M).

Long Term Liabilities: TPZ's short term assets (CA$89.1M) do not cover its long term liabilities (CA$227.4M).


Debt to Equity History and Analysis

Debt Level: TPZ's net debt to equity ratio (15.4%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if TPZ's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: TPZ's debt is well covered by operating cash flow (110.6%).

Interest Coverage: TPZ's interest payments on its debt are well covered by EBIT (15.4x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is Topaz Energy current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


5.21%

Current Dividend Yield

Dividend Yield vs Market

Topaz Energy Dividend Yield vs Market
How does Topaz Energy dividend yield compare to the market?
SegmentDividend Yield
Company (Topaz Energy)5.2%
Market Bottom 25% (CA)1.9%
Market Top 25% (CA)6.0%
Industry Average (Oil and Gas)4.6%
Analyst forecast in 3 Years (Topaz Energy)5.4%

Notable Dividend: TPZ's dividend (5.21%) is higher than the bottom 25% of dividend payers in the Canadian market (2.02%).

High Dividend: TPZ's dividend (5.21%) is low compared to the top 25% of dividend payers in the Canadian market (6.08%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, TPZ has been paying a dividend for less than 10 years.

Growing Dividend: TPZ's dividend payments have increased, but the company has only paid a dividend for 2 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (161.5%), TPZ's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (31.1%), TPZ's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.9yrs

Average board tenure


CEO

Marty Staples (46 yo)

1.33yrs

Tenure

CA$1,783,500

Compensation

Mr. Marty Staples serves as Director at Topaz Energy Corp. since June 23, 2021. He is the President and Chief Executive Officer of Topaz Energy Corp since April 15, 2020. He was the Manager Land at Tourmal...


CEO Compensation Analysis

Marty Staples's Compensation vs Topaz Energy Earnings
How has Marty Staples's remuneration changed compared to Topaz Energy's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

CA$82m

Mar 31 2022n/an/a

CA$34m

Dec 31 2021CA$2mCA$410k

CA$28m

Sep 30 2021n/an/a

CA$20m

Jun 30 2021n/an/a

CA$12m

Mar 31 2021n/an/a

CA$10m

Dec 31 2020CA$969kCA$288k

CA$3m

Compensation vs Market: Marty's total compensation ($USD1.31M) is below average for companies of similar size in the Canadian market ($USD2.31M).

Compensation vs Earnings: Marty's compensation has increased by more than 20% in the past year.


Board Members

Experienced Board: TPZ's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

TSX:TPZ Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
10 Aug 22SellCA$234,201,247Tourmaline Oil Corp.Company13,000,000CA$21.08
10 Jun 22BuyCA$149,733Cheree StephensonIndividual6,350CA$23.58
10 Jun 22BuyCA$100,044Marty StaplesIndividual4,200CA$23.82
31 May 22BuyCA$103,620Cheree StephensonIndividual4,400CA$23.55
09 May 22BuyCA$233,128Michael RoseIndividual10,000CA$23.31
24 Jan 22BuyCA$85,000Andrew MacDonaldIndividual5,000CA$17.00
24 Dec 21BuyCA$2,230Cheree StephensonIndividual127CA$17.56
26 Oct 21BuyCA$171,000Stephen LarkeIndividual10,000CA$17.10
26 Oct 21BuyCA$94,050Janet WeissIndividual5,500CA$17.10
26 Oct 21BuyCA$513,000Lucille MillerIndividual30,000CA$17.10
26 Oct 21BuyCA$250,002James DavidsonIndividual14,620CA$17.10
26 Oct 21BuyCA$855,000Michael RoseIndividual50,000CA$17.10
26 Oct 21BuyCA$171,000Brian RobinsonIndividual10,000CA$17.10
26 Oct 21BuyCA$51,300Jill AngevineIndividual3,000CA$17.10
26 Oct 21BuyCA$200,070Rafi TahmazianIndividual11,700CA$17.10
26 Oct 21BuyCA$1,250,010William ArmstrongIndividual73,100CA$17.10
26 Oct 21BuyCA$85,500Andrew MacDonaldIndividual5,000CA$17.10
26 Oct 21BuyCA$119,700Cheree StephensonIndividual7,000CA$17.10
26 Oct 21BuyCA$225,720Marty StaplesIndividual13,200CA$17.10

Ownership Breakdown

What is the ownership structure of TPZ?
Owner TypeNumber of SharesOwnership Percentage
Private Companies125,0000.09%
Individual Insiders8,156,8845.7%
Institutions26,431,73618.3%
Public Companies45,149,49431.3%
General Public64,283,68744.6%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12%.


Top Shareholders

Top 25 shareholders own 52.23% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
31.32%
Tourmaline Oil Corp.
45,149,494CA$970.3m-11.73%no data
3.8%
Tanya Causgrove
5,483,957CA$117.9m0%no data
2.73%
Canoe Financial LP
3,933,646CA$84.5m6.89%2%
2.31%
CIBC Asset Management Inc.
3,329,969CA$71.6m-15.79%0.13%
1.71%
RBC Global Asset Management Inc.
2,469,134CA$53.1m49.57%0.03%
1.26%
Fiera Capital Corporation
1,813,031CA$39.0m-0.65%0.04%
0.9%
BlackRock, Inc.
1,291,900CA$27.8m-1.96%no data
0.71%
Industrial Alliance Investment Management Inc.
1,026,875CA$22.1m0%0.22%
0.61%
IG Investment Management, Ltd.
878,026CA$18.9m0%0.04%
0.6%
Leith Wheeler Investment Counsel Ltd.
867,670CA$18.6m-28.9%0.42%
0.53%
Habertrilix Advisors
767,535CA$16.5m-5.16%0.99%
0.52%
Mackenzie Financial Corporation
749,362CA$16.1m-0.56%0.01%
0.5%
1832 Asset Management L.P.
725,013CA$15.6m38.34%0.02%
0.49%
Middlefield Capital Corporation
710,000CA$15.3m0%1.77%
0.49%
William Armstrong
709,136CA$15.2m0%no data
0.46%
Franklin Resources, Inc.
664,735CA$14.3m0%no data
0.45%
Horizon Kinetics LLC
654,097CA$14.1m-12.55%0.18%
0.43%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
612,710CA$13.2m0.72%no data
0.41%
BMO Asset Management Corp.
594,266CA$12.8m1.63%0.01%
0.39%
Waratah Capital Advisors Ltd.
563,195CA$12.1m1.83%0.46%
0.37%
TBF Global Asset Management GmbH
531,000CA$11.4m5.99%1.47%
0.36%
Middlefield Limited
525,000CA$11.3m0%3.8%
0.31%
Michael Rose
448,470CA$9.6m2.28%no data
0.28%
Barometer Capital Management Inc.
407,488CA$8.8m12.51%1.84%
0.27%
Cumberland Partners Limited
389,200CA$8.4m0%0.53%

Company Information

Topaz Energy Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Topaz Energy Corp.
  • Ticker: TPZ
  • Exchange: TSX
  • Founded: 2006
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: CA$3.098b
  • Shares outstanding: 144.15m
  • Website: https://topazenergy.ca

Number of Employees


Location

  • Topaz Energy Corp.
  • 250 6th Avenue SW
  • Suite 2900
  • Calgary
  • Alberta
  • T2P 3H7
  • Canada


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TPZTSX (The Toronto Stock Exchange)YesCommon SharesCACADOct 2020
5XUDB (Deutsche Boerse AG)YesCommon SharesDEEUROct 2020
TPZE.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 2020

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/03 00:00
End of Day Share Price2022/10/03 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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 here.