MEG ENERGY CORP. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 28.58 CAD | +0.95% |
|
+1.60% | +20.74% |
| Jun. 06 | MEG Energy Brief: Raised To Buy From Hold at TD Cowen, according to BNN TV; Shares Up 2.5% | MT |
| May. 08 | MEG Energy Corp. Approves Election of Robert R. Rooney as Director | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,212 | 1,347 | 3,590 | 5,566 | 6,605 | 7,689 | - | - |
| Enterprise Value (EV) 1 | 5,129 | 4,145 | 5,991 | 6,955 | 7,569 | 8,381 | 8,311 | 8,387 |
| P/E ratio | -35.2 x | -3.77 x | 12.9 x | 6.46 x | 12 x | 10.9 x | 10.5 x | 10.8 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.56 x | 0.59 x | 0.83 x | 0.91 x | 1.17 x | 1.44 x | 1.45 x | 1.41 x |
| EV / Revenue | 1.3 x | 1.81 x | 1.39 x | 1.14 x | 1.34 x | 1.57 x | 1.57 x | 1.54 x |
| EV / EBITDA | 4.61 x | -25.6 x | 4.26 x | 3.34 x | 4.97 x | 5.11 x | 5.23 x | 5.17 x |
| EV / FCF | 9.45 x | 32.1 x | 12.8 x | 4.46 x | 7.94 x | 8.06 x | 8.42 x | 15.7 x |
| FCF Yield | 10.6% | 3.11% | 7.81% | 22.4% | 12.6% | 12.4% | 11.9% | 6.37% |
| Price to Book | 0.57 x | 0.38 x | 0.94 x | 1.25 x | 1.44 x | 1.65 x | 1.57 x | - |
| Nbr of stocks (in thousands) | 299,288 | 302,657 | 306,842 | 295,255 | 279,055 | 271,612 | - | - |
| Reference price 2 | 7.390 | 4.450 | 11.70 | 18.85 | 23.67 | 28.31 | 28.31 | 28.31 |
| Announcement Date | 3/4/20 | 3/3/21 | 3/3/22 | 2/27/23 | 2/29/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,931 | 2,292 | 4,321 | 6,118 | 5,653 | 5,349 | 5,302 | 5,436 |
| EBITDA 1 | 1,113 | -162 | 1,406 | 2,080 | 1,524 | 1,640 | 1,588 | 1,623 |
| EBIT 1 | 403 | -572 | 956 | 1,573 | 928 | 886.8 | 1,008 | 1,022 |
| Operating Margin | 10.25% | -24.96% | 22.12% | 25.71% | 16.42% | 16.58% | 19.01% | 18.8% |
| Earnings before Tax (EBT) 1 | -91 | -477 | 366 | 1,222 | 723 | 895.6 | 899.1 | 701.2 |
| Net income 1 | -62 | -357 | 283 | 902 | 569 | 729.2 | 738.7 | 580.2 |
| Net margin | -1.58% | -15.58% | 6.55% | 14.74% | 10.07% | 13.63% | 13.93% | 10.67% |
| EPS 2 | -0.2100 | -1.180 | 0.9100 | 2.920 | 1.980 | 2.608 | 2.705 | 2.630 |
| Free Cash Flow 1 | 543 | 129 | 468 | 1,558 | 953 | 1,040 | 986.9 | 534 |
| FCF margin | 13.81% | 5.63% | 10.83% | 25.47% | 16.86% | 19.44% | 18.61% | 9.82% |
| FCF Conversion (EBITDA) | 48.79% | - | 33.29% | 74.9% | 62.53% | 63.41% | 62.13% | 32.91% |
| FCF Conversion (Net income) | - | - | 165.37% | 172.73% | 167.49% | 142.59% | 133.59% | 92.03% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 3/4/20 | 3/3/21 | 3/3/22 | 2/27/23 | 2/29/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,307 | 1,531 | 1,571 | 1,571 | 1,445 | 1,480 | 1,291 | 1,438 | 1,444 | 1,364 | 1,443 | 1,427 | 1,520 | - | - |
| EBITDA 1 | 468 | 612 | 514 | 661 | 431 | 291 | 310 | 536 | 387 | 350 | 469.8 | 457.5 | 400.9 | 363.1 | 336 |
| EBIT 1 | 342 | 488 | 427 | 525 | 271 | 148 | 193 | 390 | 197 | 191 | 255.7 | 256.2 | 254.2 | - | - |
| Operating Margin | 26.17% | 31.87% | 27.18% | 33.42% | 18.75% | 10% | 14.95% | 27.12% | 13.64% | 14% | 17.71% | 17.96% | 16.73% | - | - |
| Earnings before Tax (EBT) 1 | 226 | 466 | 317 | 237 | 202 | 110 | 168 | 319 | 126 | 137 | 254 | 300 | 237 | - | - |
| Net income 1 | 177 | 362 | 225 | 156 | 159 | 81 | 136 | 249 | 103 | 98 | 228 | 271.5 | 211 | - | - |
| Net margin | 13.54% | 23.64% | 14.32% | 9.93% | 11% | 5.47% | 10.53% | 17.32% | 7.13% | 7.18% | 15.8% | 19.02% | 13.88% | - | - |
| EPS 2 | 0.5700 | 1.150 | 0.7200 | 0.5100 | 0.5300 | 0.2800 | 0.4700 | 0.8600 | 0.3700 | 0.3600 | 0.7898 | 0.8392 | 0.7084 | 0.4568 | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/3/22 | 5/2/22 | 7/28/22 | 11/9/22 | 2/27/23 | 5/1/23 | 7/27/23 | 11/6/23 | 2/29/24 | 5/6/24 | - | - | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,917 | 2,798 | 2,401 | 1,389 | 964 | 692 | 622 | 698 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.621 x | -17.27 x | 1.708 x | 0.6678 x | 0.6325 x | 0.4218 x | 0.3917 x | 0.4299 x |
| Free Cash Flow 1 | 543 | 129 | 468 | 1,558 | 953 | 1,040 | 987 | 534 |
| ROE (net income / shareholders' equity) | -1.6% | -9.7% | 7.74% | 22% | 12.8% | 13.7% | 12.4% | - |
| ROA (Net income/ Total Assets) | -0.76% | -4.7% | 3.82% | 12.3% | 8.17% | 9.18% | 8.64% | - |
| Assets 1 | 8,138 | 7,596 | 7,408 | 7,313 | 6,966 | 7,940 | 8,546 | - |
| Book Value Per Share 2 | 12.90 | 11.60 | 12.40 | 15.10 | 16.50 | 17.20 | 18.00 | - |
| Cash Flow per Share 2 | 2.410 | 0.9100 | 2.570 | 6.090 | 5.130 | 5.890 | 5.890 | 6.450 |
| Capex 1 | 198 | 149 | 331 | 376 | 449 | 547 | 628 | 552 |
| Capex / Sales | 5.04% | 6.5% | 7.66% | 6.15% | 7.94% | 10.23% | 11.84% | 10.16% |
| Announcement Date | 3/4/20 | 3/3/21 | 3/3/22 | 2/27/23 | 2/29/24 | - | - | - |
1CAD in Million2CAD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
28.31
CAD
Average target price
35.5
CAD
Spread / Average Target
+25.40%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +20.74% | 5.59B | |
| +4.27% | 7.04B | |
| -5.06% | 66.57M |
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- Financials MEG Energy Corp.
