Topaz Energy Corp.

OTCPK:TPZE.F Stock Report

Market Cap: US$3.0b

Topaz Energy Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: TPZE.F ($19.55) is trading below our estimate of fair value ($34.52)

Significantly Below Fair Value: TPZE.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 TPZE.F?

Key metric: As TPZE.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TPZE.F. This is calculated by dividing TPZE.F's market cap by their current earnings.
What is TPZE.F's PE Ratio?
PE Ratio70.3x
EarningsCA$61.60m
Market CapCA$4.33b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TPZE.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.1x
CRGY Crescent Energy
41.4x73.1%US$3.4b
BSM Black Stone Minerals
8.9x-7.6%US$3.1b
NOG Northern Oil and Gas
4.5x-28.5%US$3.8b
MUR Murphy Oil
9.5x10.9%US$4.5b
TPZE.F Topaz Energy
70.3x3.3%US$4.3b

Price-To-Earnings vs Peers: TPZE.F is expensive based on its Price-To-Earnings Ratio (70.3x) compared to the peer average (16.1x).

Price to Earnings Ratio vs Industry

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

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AXAS Abraxas Petroleum
0.09xn/aUS$10.27m
USDP USD Partners
1.9xn/aUS$1.15m
BYRO.F Byron Energy
0.03x-10.3%US$312.17k
USOP.Y U.S. Oil and Gas
n/an/aUS$6.00
No more companies available in this PE range
TPZE.F 70.3xIndustry Avg. 11.3xNo. of Companies20PE0816243240+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TPZE.F is expensive based on its Price-To-Earnings Ratio (70.3x) compared to the US Oil and Gas industry average (11.3x).

Price to Earnings Ratio vs Fair Ratio

What is TPZE.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.

TPZE.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio70.3x
Fair PE Ratio9.9x

Price-To-Earnings vs Fair Ratio: TPZE.F is expensive based on its Price-To-Earnings Ratio (70.3x) compared to the estimated Fair Price-To-Earnings Ratio (9.9x).

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 TPZE.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$19.55
US$22.33
+14.2%
6.0%US$24.39US$20.21n/a11
Dec ’25US$19.94
US$22.50
+12.8%
6.1%US$25.00US$20.71n/a8
Nov ’25US$19.07
US$22.72
+19.1%
6.7%US$25.18US$20.14n/a13
Oct ’25US$19.43
US$22.11
+13.8%
7.1%US$25.20US$19.27n/a12
Sep ’25US$19.65
US$21.74
+10.6%
7.4%US$24.85US$19.00n/a12
Aug ’25US$18.25
US$21.24
+16.4%
6.8%US$24.62US$18.83n/a12
Jul ’25US$17.58
US$20.24
+15.1%
8.2%US$24.09US$18.25n/a13
Jun ’25US$16.77
US$20.05
+19.6%
7.7%US$23.97US$18.16n/a14
May ’25US$16.31
US$20.05
+22.9%
7.7%US$23.97US$18.16n/a14
Apr ’25US$16.48
US$19.88
+20.6%
7.9%US$22.24US$17.05n/a14
Mar ’25US$14.98
US$19.62
+31.0%
8.1%US$22.21US$17.03n/a13
Feb ’25US$14.31
US$19.92
+39.2%
7.3%US$22.39US$17.91n/a13
Jan ’25US$14.67
US$20.85
+42.1%
8.8%US$24.00US$18.00US$19.2013
Dec ’24US$14.50
US$20.17
+39.1%
8.2%US$23.08US$17.31US$19.9414
Nov ’24US$15.81
US$20.17
+27.6%
8.2%US$23.08US$17.31US$19.0714
Oct ’24US$15.88
US$20.34
+28.1%
8.9%US$23.45US$16.86US$19.4314
Sep ’24US$16.13
US$20.41
+26.5%
9.1%US$23.60US$16.96US$19.6514
Aug ’24US$15.90
US$20.69
+30.2%
8.8%US$24.08US$17.31US$18.2514
Jul ’24US$15.33
US$20.46
+33.4%
9.3%US$23.93US$17.20US$17.5814
Jun ’24US$15.60
US$19.89
+27.5%
9.8%US$23.54US$16.92US$16.7715
May ’24US$14.31
US$20.02
+39.8%
10.4%US$23.64US$16.25US$16.3115
Apr ’24US$14.13
US$20.34
+44.0%
9.5%US$23.59US$16.22US$16.4815
Mar ’24US$14.16
US$20.96
+48.0%
8.0%US$23.53US$18.02US$14.9815
Feb ’24US$15.05
US$21.77
+44.7%
8.5%US$24.05US$18.41US$14.3115
Jan ’24US$15.50
US$22.44
+44.8%
7.5%US$26.47US$19.49US$14.6714

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/05 12:14
End of Day Share Price 2025/01/03 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Topaz Energy Corp. is covered by 23 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Patrick O'RourkeATB Capital Markets
Randy OllenbergerBMO Capital Markets Equity Research
Jeremy McCreaBMO Capital Markets Equity Research