Surge Energy Inc.

OTCPK:ZPTA.F Stock Report

Market Cap: US$436.2m

Surge Energy Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: ZPTA.F ($4.31) is trading below our estimate of fair value ($6.92)

Significantly Below Fair Value: ZPTA.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 ZPTA.F?

Key metric: As ZPTA.F is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for ZPTA.F. This is calculated by dividing ZPTA.F's market cap by their current revenue.
What is ZPTA.F's PS Ratio?
PS Ratio1.1x
SalesCA$549.07m
Market CapCA$609.65m

Price to Sales Ratio vs Peers

How does ZPTA.F's PS Ratio compare to its peers?

The above table shows the PS ratio for ZPTA.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.9x
GFR Greenfire Resources
1xn/aUS$538.4m
GPRK GeoPark
0.6x7.9%US$460.2m
PNRG PrimeEnergy Resources
1.7xn/aUS$348.6m
BRY Berry
0.4x-4.3%US$325.5m
ZPTA.F Surge Energy
1.1x-3.4%US$609.6m

Price-To-Sales vs Peers: ZPTA.F is expensive based on its Price-To-Sales Ratio (1.1x) compared to the peer average (0.9x).

Price to Sales Ratio vs Industry

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

36 CompaniesPrice / SalesEstimated GrowthMarket Cap
PSX Phillips 66
0.4x-5.4%US$55.04b
MPC Marathon Petroleum
0.4x-3.6%US$50.93b
VLO Valero Energy
0.3x-2.7%US$44.61b
PAA Plains All American Pipeline
0.3x-2.1%US$12.62b
ZPTA.F 1.1xIndustry Avg. 1.8xNo. of Companies36PS01.63.24.86.48+
36 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: ZPTA.F is good value based on its Price-To-Sales Ratio (1.1x) compared to the US Oil and Gas industry average (1.8x).

Price to Sales Ratio vs Fair Ratio

What is ZPTA.F's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ZPTA.F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.1x
Fair PS Ratio1.3x

Price-To-Sales vs Fair Ratio: ZPTA.F is good value based on its Price-To-Sales Ratio (1.1x) compared to the estimated Fair Price-To-Sales Ratio (1.3x).

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 ZPTA.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$4.31
US$7.91
+83.5%
15.0%US$9.85US$6.09n/a10
Nov ’25US$4.15
US$8.14
+96.0%
14.9%US$9.90US$6.48n/a10
Oct ’25US$4.59
US$8.69
+89.4%
12.7%US$10.17US$6.66n/a9
Sep ’25US$4.86
US$8.65
+78.0%
10.1%US$9.96US$7.60n/a9
Aug ’25US$4.94
US$8.65
+75.1%
10.1%US$9.96US$7.60n/a9
Jul ’25US$5.11
US$8.64
+69.0%
10.8%US$10.04US$7.30n/a9
Jun ’25US$5.33
US$8.68
+62.8%
10.2%US$10.09US$7.34n/a10
May ’25US$5.21
US$8.53
+63.8%
10.2%US$9.99US$7.26n/a10
Apr ’25US$5.77
US$8.51
+47.5%
11.8%US$10.20US$7.42n/a10
Mar ’25US$5.10
US$9.12
+78.8%
17.4%US$11.89US$7.43n/a9
Feb ’25US$4.65
US$9.29
+99.8%
15.2%US$11.94US$7.46n/a10
Jan ’25US$4.91
US$10.12
+106.2%
10.0%US$12.00US$8.25n/a10
Dec ’24US$5.59
US$9.79
+75.0%
9.8%US$11.68US$8.03n/a11
Nov ’24US$6.86
US$9.77
+42.4%
10.1%US$11.68US$7.67US$4.1511
Oct ’24US$6.85
US$9.73
+42.1%
10.6%US$11.78US$8.65US$4.599
Sep ’24US$6.33
US$9.08
+43.5%
12.5%US$11.80US$6.64US$4.8611
Aug ’24US$6.20
US$9.39
+51.4%
13.5%US$12.15US$6.83US$4.9411
Jul ’24US$5.31
US$9.83
+85.0%
11.9%US$12.14US$7.59US$5.1111
Jun ’24US$5.60
US$9.60
+71.4%
11.1%US$11.77US$8.09US$5.3310
May ’24US$6.32
US$10.06
+59.2%
9.8%US$11.82US$8.86US$5.2110
Apr ’24US$6.52
US$10.12
+55.2%
10.2%US$11.79US$8.85US$5.7710
Mar ’24US$6.58
US$10.18
+54.8%
13.6%US$12.03US$7.70US$5.1010
Feb ’24US$7.24
US$10.18
+40.7%
13.6%US$12.03US$7.70US$4.6510
Jan ’24US$6.73
US$10.77
+60.1%
8.4%US$11.75US$8.81US$4.919
Dec ’23US$7.32
US$10.91
+49.1%
9.6%US$12.00US$9.00US$5.599
Nov ’23US$7.66
US$10.60
+38.4%
9.7%US$11.74US$8.81US$6.869

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

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