How does 4YJ's PE Ratio compare to its peers?

4YJ is good value based on its Price-To-Earnings Ratio (1.3x) compared to the peer average (5x).

How does 4YJ's PE Ratio compare vs other companies in the European Oil and Gas Industry?

4YJ is good value based on its Price-To-Earnings Ratio (1.3x) compared to the European Oil and Gas industry average (4.8x)

What is 4YJ'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.

4YJ is good value based on its Price-To-Earnings Ratio (1.3x) compared to the estimated Fair Price-To-Earnings Ratio (2.2x).

What is the Fair Price of 4YJ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

4YJ (€10.11) is trading below our estimate of [[fair value]] (€19.17)

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

Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

4YJ Stock Overview

Engages in the exploration, development, and production of oil and natural gas reserves in the Western Canada. More details

4YJ fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	0/6
Past Performance	4/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 47.3% below our estimate of its fair value

Earnings have grown 78.3% per year over the past 5 years

Trading at good value compared to peers and industry

Risk Analysis

High level of non-cash earnings

Earnings are forecast to decline by an average of 91.1% per year for the next 3 years

Significant insider selling over the past 3 months

Shareholders have been diluted in the past year

My Notes

Capture your thoughts, links and company narrative

Spartan Delta Corp. Competitors

Deutsche Rohstoff

XTRA:DR0

€157.7m

Verbio

XTRA:VBK

€628.4m

CropEnergies

XTRA:CE2

€1.0b

HighPeak Energy

NasdaqGM:HPK

US$1.8b

Price History & Performance

Summary of share price highs, lows and changes for Spartan Delta
Historical stock prices
Current Share Price	CA$10.11
52 Week High	CA$11.50
52 Week Low	CA$7.10
Beta	2.6
1 Month Change	-2.79%
3 Month Change	16.21%
1 Year Change	9.89%
3 Year Change	437.77%
5 Year Change	n/a
Change since IPO	354.79%

Recent updates

Shareholder Returns

	4YJ	DE Oil and Gas	DE Market
7D	-1.6%	-1.9%	-2.6%
1Y	9.9%	-38.2%	6.9%

Return vs Industry: 4YJ exceeded the German Oil and Gas industry which returned -16.9% over the past year.

Return vs Market: 4YJ exceeded the German Market which returned 1.9% over the past year.

Price Volatility

Is 4YJ's price volatile compared to industry and market?
4YJ volatility
4YJ Average Weekly Movement	5.9%
Oil and Gas Industry Average Movement	5.5%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	11.3%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: 4YJ has not had significant price volatility in the past 3 months.

Volatility Over Time: 4YJ's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2006	122	Fotis Kalantzis	www.spartandeltacorp.com

Spartan Delta Corp. engages in the exploration, development, and production of oil and natural gas reserves in the Western Canada. Its assets are located in Montney and Deep Basin. The company was formerly known as Return Energy Inc. and changed its name to Spartan Delta Corp. in May 2020.

Spartan Delta Corp. Fundamentals Summary

How do Spartan Delta's earnings and revenue compare to its market cap?
4YJ fundamental statistics
Market cap	€1.78b
Earnings (TTM)	€488.41m
Revenue (TTM)	€903.62m

1.3x

P/E Ratio

0.7x

P/S Ratio

Is 4YJ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
4YJ income statement (TTM)
Revenue	CA$1.31b
Cost of Revenue	CA$315.24m
Gross Profit	CA$991.60m
Other Expenses	CA$285.25m
Earnings	CA$706.36m

Last Reported Earnings

Mar 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	4.12
Gross Margin	75.88%
Net Profit Margin	54.05%
Debt/Equity Ratio	9.2%

How did 4YJ perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/06/22 11:40
End of Day Share Price	2023/06/20 00:00
Earnings	2023/03/31
Annual Earnings	2022/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

Spartan Delta Corp. is covered by 17 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Patrick O'Rourke	ATB Capital Markets
Randy Ollenberger	BMO Capital Markets Equity Research
Dennis Fong	CIBC Capital Markets

This company listing is no longer active

4YJ Stock Overview

Rewards

Risk Analysis

Spartan Delta Corp. Competitors

XTRA:DR0

€157.7m

XTRA:VBK

€628.4m

XTRA:CE2

€1.0b

NasdaqGM:HPK

US$1.8b

Price History & Performance

Recent News & Updates

Independent Director recently sold €4.2m worth of stock

President recently sold €4.4m worth of stock

Spartan Delta Corp. Provides Production Guidance for the First Half, Second Half and Full Year Ending December 31, 2023

First quarter 2023 earnings released: EPS: CA$0.50 (vs CA$0.40 in 1Q 2022)

Crescent Point Energy Corp. (TSX:CPG) completed the acquisition of Oil and Liquids Rich Montney assets of Spartan Delta Corp. (TSX:SDE).

Crescent Point Energy Corp. (TSX:CPG) completed the acquisition of Oil and Liquids Rich Montney assets of Spartan Delta Corp. (TSX:SDE).

Recent updates

Independent Director recently sold €4.2m worth of stock

President recently sold €4.4m worth of stock

Spartan Delta Corp. Provides Production Guidance for the First Half, Second Half and Full Year Ending December 31, 2023

First quarter 2023 earnings released: EPS: CA$0.50 (vs CA$0.40 in 1Q 2022)

Crescent Point Energy Corp. (TSX:CPG) completed the acquisition of Oil and Liquids Rich Montney assets of Spartan Delta Corp. (TSX:SDE).

Crescent Point Energy Corp. (TSX:CPG) completed the acquisition of Oil and Liquids Rich Montney assets of Spartan Delta Corp. (TSX:SDE).

Full year 2022 earnings released: EPS: CA$4.36 (vs CA$2.89 in FY 2021)

Investor sentiment deteriorated over the past week

Spartan Delta Corp. Provides Preliminary Production Guidance for the Year 2023

High number of new and inexperienced directors

Third quarter 2022 earnings released: EPS: CA$1.84 (vs CA$1.01 in 3Q 2021)

Spartan Delta Corp. Announces Special Dividend, Payable on January 16, 2023

Independent Director recently sold €204k worth of stock

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Second quarter 2022 earnings released: EPS: CA$1.17 (vs CA$0.17 in 2Q 2021)

Spartan Delta Corp. Revises Its Production Guidance for the Year 2022

Investor sentiment improved over the past week

First quarter 2022 earnings released: EPS: CA$0.40 (vs CA$0.87 in 1Q 2021)

High number of new and inexperienced directors

Independent Director recently sold €166k worth of stock

Spartan Delta Corp. Announces Resignations of Elliot S. Weissbluth and Steve Lowden as Director

Investor sentiment improved over the past week

An undisclosed third party acquired 3.3% stake in Spartan Delta Corp. (TSX:SDE) from Areti Energy S.A. for CAD 40.5 million.

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Spartan Delta Corp. Provided Production Guidance for the Year 2022

Spartan Delta Corp., Annual General Meeting, Apr 14, 2022

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Third quarter 2021 earnings released: EPS CA$1.01 (vs CA$0.13 loss in 3Q 2020)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Spartan Delta Corp. (TSXV:SDE) completed the acquisition of Velvet Energy Ltd. for approximately CAD 750 million.

Spartan Delta Corp. has completed a Follow-on Equity Offering in the amount of CAD 150.00015 million.

Second quarter 2021 earnings released: EPS CA$0.17 (vs CA$1.29 in 2Q 2020)

Spartan Delta Corp. (TSXV:SDE) agreed to acquire Gold Creek and Simonette for approximately CAD 10.1 million.

Investor sentiment improved over the past week

Independent Director recently bought €136k worth of stock

Spartan Delta Corp. Provides Production Guidance for 2021

First quarter 2021 earnings released: EPS CA$0.87 (vs CA$0.18 loss in 1Q 2020)

Spartan Delta Corp. (TSXV:SDE) completed the acquisition of Inception Exploration Ltd. from Areti Energy S.A. and others for approximately CAD 110 million.

Spartan Delta Corp. Announces Board Changes

Revenue beats expectations

Full year 2020 earnings released: EPS CA$1.06 (vs CA$1.00 loss in FY 2019)

Spartan Delta Corp. has completed a Follow-on Equity Offering in the amount of CAD 45 million.

Spartan Delta Corp. announced that it expects to receive CAD 50 million in funding

Spartan Delta Corp. (TSXV:SDE) entered into an asset purchase agreement to acquire Willesden Green Assets in Alberta for $6 million.

Spartan Delta Corp., Annual General Meeting, Apr 14, 2021

Investor sentiment improved over the past week

New 90-day high: €2.50

Spartan Delta Corp. Provides Operational Update

Investor sentiment improved over the past week

New 90-day high: €2.18

Third quarter 2020 earnings released: CA$0.13 loss per share

New 90-day high: €1.96

New 90-day low: €1.51

New 90-day low - €1.64