TPZ Stock Overview
Topaz Energy Corp. operates as a royalty and energy infrastructure company.
Topaz Energy Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$21.49|
|52 Week High||CA$24.80|
|52 Week Low||CA$16.31|
|1 Month Change||5.86%|
|3 Month Change||10.83%|
|1 Year Change||22.45%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||65.18%|
Recent News & Updates
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...
|TPZ||CA Oil and Gas||CA Market|
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.
|TPZ Average Weekly Movement||5.2%|
|Oil and Gas Industry Average Movement||10.5%|
|Market Average Movement||10.1%|
|10% most volatile stocks in CA Market||18.4%|
|10% least volatile stocks in CA Market||3.8%|
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
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
|TPZ fundamental statistics|
Is TPZ overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TPZ income statement (TTM)|
|Cost of Revenue||CA$5.19m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Nov 01, 2022
|Earnings per share (EPS)||0.57|
|Net Profit Margin||25.27%|
How did TPZ perform over the long term?See historical performance and comparison
5.2%Current Dividend Yield
Is TPZ undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
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.
|What is TPZ's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does TPZ's PE Ratio compare to its peers?
|TPZ PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
BTE Baytex Energy
BIR Birchcliff Energy
POU Paramount Resources
PXT Parex Resources
TPZ Topaz Energy
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.
|Current PE Ratio||37.7x|
|Fair PE Ratio||16.7x|
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.
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How is Topaz Energy forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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
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How has Topaz Energy performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
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.
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How is Topaz Energy's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
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).
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What is Topaz Energy current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Topaz Energy Dividend Yield vs Market|
|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.
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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Marty Staples (46 yo)
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|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||CA$2m||CA$410k|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||CA$969k||CA$288k|
Compensation vs Market: Marty's total compensation ($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.
Experienced Board: TPZ's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
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
|10 Aug 22||SellCA$234,201,247||Tourmaline Oil Corp.||Company||13,000,000||CA$21.08|
|10 Jun 22||BuyCA$149,733||Cheree Stephenson||Individual||6,350||CA$23.58|
|10 Jun 22||BuyCA$100,044||Marty Staples||Individual||4,200||CA$23.82|
|31 May 22||BuyCA$103,620||Cheree Stephenson||Individual||4,400||CA$23.55|
|09 May 22||BuyCA$233,128||Michael Rose||Individual||10,000||CA$23.31|
|24 Jan 22||BuyCA$85,000||Andrew MacDonald||Individual||5,000||CA$17.00|
|24 Dec 21||BuyCA$2,230||Cheree Stephenson||Individual||127||CA$17.56|
|26 Oct 21||BuyCA$171,000||Stephen Larke||Individual||10,000||CA$17.10|
|26 Oct 21||BuyCA$94,050||Janet Weiss||Individual||5,500||CA$17.10|
|26 Oct 21||BuyCA$513,000||Lucille Miller||Individual||30,000||CA$17.10|
|26 Oct 21||BuyCA$250,002||James Davidson||Individual||14,620||CA$17.10|
|26 Oct 21||BuyCA$855,000||Michael Rose||Individual||50,000||CA$17.10|
|26 Oct 21||BuyCA$171,000||Brian Robinson||Individual||10,000||CA$17.10|
|26 Oct 21||BuyCA$51,300||Jill Angevine||Individual||3,000||CA$17.10|
|26 Oct 21||BuyCA$200,070||Rafi Tahmazian||Individual||11,700||CA$17.10|
|26 Oct 21||BuyCA$1,250,010||William Armstrong||Individual||73,100||CA$17.10|
|26 Oct 21||BuyCA$85,500||Andrew MacDonald||Individual||5,000||CA$17.10|
|26 Oct 21||BuyCA$119,700||Cheree Stephenson||Individual||7,000||CA$17.10|
|26 Oct 21||BuyCA$225,720||Marty Staples||Individual||13,200||CA$17.10|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Topaz Energy Corp.'s employee growth, exchange listings and data sources
- 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
- Topaz Energy Corp.
- 250 6th Avenue SW
- Suite 2900
- T2P 3H7
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TPZ||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Oct 2020|
|5XU||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Oct 2020|
|TPZE.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Oct 2020|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/03 00:00|
|End of Day Share Price||2022/10/03 00:00|
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.