| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 3/6 |
| Financial Health | 3/6 |
| Dividends | 3/6 |
WCP Stock Overview
Whitecap Resources Inc., oil and gas company, acquires and develops petroleum and natural gas properties in Canada.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$7.44 |
| 52 Week High | CA$8.00 |
| 52 Week Low | CA$4.13 |
| Beta | 3.4 |
| 1 Month Change | 0.54% |
| 3 Month Change | 36.02% |
| 1 Year Change | 73.02% |
| 3 Year Change | 75.47% |
| 5 Year Change | -38.97% |
| Change since IPO | 48.80% |
Recent News & Updates
Whitecap Resources Inc. (TSE:WCP) Shares Could Be 47% Below Their Intrinsic Value Estimate
In this article we are going to estimate the intrinsic value of Whitecap Resources Inc. ( TSE:WCP ) by taking the...
Shareholder Returns
| WCP | CA Oil and Gas | CA Market | |
|---|---|---|---|
| 7D | 5.1% | -2.0% | -1.3% |
| 1Y | 73.0% | 42.6% | 19.4% |
Return vs Industry: WCP exceeded the Canadian Oil and Gas industry which returned 39.9% over the past year.
Return vs Market: WCP exceeded the Canadian Market which returned 18.4% over the past year.
Price Volatility
| WCP volatility | |
|---|---|
| WCP Average Weekly Movement | 6.3% |
| Oil and Gas Industry Average Movement | 10.2% |
| Market Average Movement | 9.4% |
| 10% most volatile stocks in CA Market | 17.2% |
| 10% least volatile stocks in CA Market | 3.6% |
Stable Share Price: WCP is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: WCP's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | 278 | Grant Fagerheim | https://www.wcap.ca |
Whitecap Resources Inc., oil and gas company, acquires and develops petroleum and natural gas properties in Canada. Its principal properties are located in West Central Alberta, Northwest Alberta and British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southwest Saskatchewan. As of February 24, 2021, it had a total proved plus probable reserves of 507,287 thousand barrels of oil equivalent.
Whitecap Resources Fundamentals Summary
| WCP fundamental statistics | |
|---|---|
| Market Cap | CA$4.70b |
| Earnings (TTM) | CA$1.88b |
| Revenue (TTM) | CA$1.80b |
2.5x
P/E Ratio2.6x
P/S RatioIs WCP overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| WCP income statement (TTM) | |
|---|---|
| Revenue | CA$1.80b |
| Cost of Revenue | CA$559.67m |
| Gross Profit | CA$1.24b |
| Expenses | -CA$647.12m |
| Earnings | CA$1.88b |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Apr 28, 2022
| Earnings per share (EPS) | 2.98 |
| Gross Margin | 68.86% |
| Net Profit Margin | 104.87% |
| Debt/Equity Ratio | 33.5% |
How did WCP perform over the long term?
See historical performance and comparisonDividends
3.6%
Current Dividend Yield5%
Payout RatioValuation
Is Whitecap Resources undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: WCP (CA$7.44) is trading below our estimate of fair value (CA$17.89)
Significantly Below Fair Value: WCP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: WCP is good value based on its PE Ratio (2.5x) compared to the Canadian Oil and Gas industry average (7.5x).
PE vs Market: WCP is good value based on its PE Ratio (2.5x) compared to the Canadian market (12x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate WCP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: WCP is good value based on its PB Ratio (1.3x) compared to the CA Oil and Gas industry average (1.9x).
Future Growth
How is Whitecap Resources forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
19.0%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if WCP's forecast earnings growth is above the savings rate (1.6%).
Earnings vs Market: Insufficient data to determine if WCP's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: WCP's revenue (19% per year) is forecast to grow faster than the Canadian market (5.3% per year).
High Growth Revenue: WCP's revenue (19% 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 WCP's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Whitecap Resources performed over the past 5 years?
-22.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WCP has a high level of non-cash earnings.
Growing Profit Margin: WCP became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: WCP has become profitable over the past 5 years, growing earnings by -22% per year.
Accelerating Growth: WCP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: WCP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (112.8%).
Return on Equity
High ROE: WCP's Return on Equity (51.4%) is considered outstanding.
Financial Health
How is Whitecap Resources's financial position?
Financial Position Analysis
Short Term Liabilities: WCP's short term assets (CA$308.0M) do not cover its short term liabilities (CA$595.2M).
Long Term Liabilities: WCP's short term assets (CA$308.0M) do not cover its long term liabilities (CA$2.6B).
Debt to Equity History and Analysis
Debt Level: WCP's net debt to equity ratio (33.1%) is considered satisfactory.
Reducing Debt: WCP's debt to equity ratio has increased from 27.2% to 33.5% over the past 5 years.
Debt Coverage: WCP's debt is well covered by operating cash flow (72.6%).
Interest Coverage: WCP's interest payments on its debt are well covered by EBIT (62.2x coverage).
Balance Sheet
Dividend
What is Whitecap Resources's current dividend yield, its reliability and sustainability?
3.63%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WCP's dividend (3.63%) is higher than the bottom 25% of dividend payers in the Canadian market (1.59%).
High Dividend: WCP's dividend (3.63%) is low compared to the top 25% of dividend payers in the Canadian market (4.75%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, WCP has been paying a dividend for less than 10 years.
Growing Dividend: WCP has only been paying a dividend for 9 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (5.3%), WCP's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: WCP's dividends in 3 years are forecast to be well covered by earnings (28.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
11.6yrs
Average management tenure
CEO
Grant Fagerheim (62 yo)
13.5yrs
Tenure
CA$2,113,041
Compensation
Mr. Grant Bradley Fagerheim has been Chief Executive Officer and President of Whitecap Resources Inc. since June 2008 and was its Chairman of the Board since June 2008. Mr. Fagerheim has extensive experien...
CEO Compensation Analysis
Compensation vs Market: Grant's total compensation ($USD1.65M) is below average for companies of similar size in the Canadian market ($USD2.85M).
Compensation vs Earnings: Grant's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: WCP's management team is seasoned and experienced (11.6 years average tenure).
Board Members
Experienced Board: WCP's board of directors are considered experienced (9.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: WCP insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 54.8%.
Top Shareholders
Company Information
Whitecap Resources Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Whitecap Resources Inc.
- Ticker: WCP
- Exchange: TSX
- Founded: NaN
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: CA$4.703b
- Shares outstanding: 632.06m
- Website: https://www.wcap.ca
Number of Employees
Location
- Whitecap Resources Inc.
- Eighth Avenue Place, East Tower
- 3800, 525 - 8th Avenue SW
- Calgary
- Alberta
- T2P 1G1
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/12/07 00:32 |
| End of Day Share Price | 2021/12/06 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.