Whitecap Resources Inc.

OTCPK:SPGY.F Stock Report

Market Cap: US$4.4b

Whitecap Resources Valuation

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

Valuation Score

6/6

Valuation Score 6/6

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

Below Fair Value: SPGY.F ($7.29) is trading below our estimate of fair value ($10.76)

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


Key Valuation Metric

Which metric is best to use when looking at relative valuation for SPGY.F?

Other financial metrics that can be useful for relative valuation.

SPGY.F 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/Revenue2.3x
Enterprise Value/EBITDA3.9x
PEG Ratio87.5x

Price to Earnings Ratio vs Peers

How does SPGY.F's PE Ratio compare to its peers?

The above table shows the PE ratio for SPGY.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11x
DEN Denbury
9.5x-18.5%US$4.6b
MGY Magnolia Oil & Gas
12.1x11.6%US$5.0b
NOG Northern Oil and Gas
6.3x-3.3%US$3.7b
VNOM Viper Energy
16.1x-2.5%US$6.5b
SPGY.F Whitecap Resources
8.7x0.1%US$6.0b

Price-To-Earnings vs Peers: SPGY.F is good value based on its Price-To-Earnings Ratio (8.7x) compared to the peer average (11.5x).


Price to Earnings Ratio vs Industry

How does SPGY.F's PE Ratio compare vs other companies in the US Oil and Gas Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a5.1%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a5.1%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: SPGY.F is good value based on its Price-To-Earnings Ratio (8.7x) compared to the US Oil and Gas industry average (10.8x).


Price to Earnings Ratio vs Fair Ratio

What is SPGY.F'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.

SPGY.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.7x
Fair PE Ratio10.8x

Price-To-Earnings vs Fair Ratio: SPGY.F is good value based on its Price-To-Earnings Ratio (8.7x) compared to the estimated Fair Price-To-Earnings Ratio (10.8x).


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 SPGY.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$7.29
US$9.84
+34.9%
8.9%US$10.93US$8.56n/a13
Jun ’25US$7.81
US$9.85
+26.1%
8.5%US$10.93US$8.56n/a14
May ’25US$7.26
US$9.92
+36.6%
8.7%US$10.98US$8.60n/a14
Apr ’25US$7.65
US$9.51
+24.3%
9.6%US$11.12US$8.16n/a14
Mar ’25US$7.09
US$9.44
+33.1%
9.6%US$11.11US$8.14n/a14
Feb ’25US$6.36
US$9.65
+51.6%
9.7%US$11.57US$8.21n/a14
Jan ’25US$6.72
US$10.47
+55.8%
13.3%US$13.84US$8.60n/a15
Dec ’24US$6.97
US$10.41
+49.5%
11.8%US$13.51US$8.40n/a15
Nov ’24US$7.73
US$10.33
+33.7%
11.8%US$13.34US$8.29n/a15
Oct ’24US$8.44
US$10.31
+22.1%
10.1%US$12.15US$8.47n/a15
Sep ’24US$8.53
US$10.12
+18.6%
10.0%US$12.13US$8.45n/a16
Aug ’24US$7.96
US$10.21
+28.3%
9.6%US$12.47US$8.69n/a16
Jul ’24US$6.99
US$10.39
+48.7%
10.5%US$12.46US$8.68n/a16
Jun ’24US$6.92
US$10.24
+48.0%
9.5%US$12.14US$8.83US$7.8116
May ’24US$7.73
US$10.48
+35.6%
9.6%US$12.19US$8.86US$7.2616
Apr ’24US$7.73
US$10.43
+35.0%
10.7%US$11.84US$8.51US$7.6515
Mar ’24US$7.86
US$10.51
+33.7%
11.4%US$12.46US$8.43US$7.0916
Feb ’24US$8.15
US$10.80
+32.6%
10.4%US$12.78US$9.02US$6.3616
Jan ’24US$7.95
US$10.72
+34.8%
10.0%US$12.45US$8.79US$6.7215
Dec ’23US$7.96
US$10.87
+36.6%
10.5%US$12.91US$8.11US$6.9715
Nov ’23US$7.79
US$10.87
+39.5%
10.5%US$12.91US$8.11US$7.7315
Oct ’23US$6.36
US$10.81
+70.0%
10.9%US$12.67US$7.96US$8.4415
Sep ’23US$7.04
US$11.82
+67.9%
10.7%US$13.50US$8.49US$8.5315
Aug ’23US$7.34
US$11.99
+63.4%
10.0%US$13.65US$9.36US$7.9614
Jul ’23US$7.09
US$12.77
+80.1%
12.7%US$17.09US$10.10US$6.9912
Jun ’23US$9.06
US$11.63
+28.4%
8.4%US$13.62US$9.34US$6.9214

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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