Financials Suncor Energy Inc.

Equities

SU

CA8672241079

Integrated Oil & Gas

Delayed Toronto S.E. 03:59:30 2024-05-28 pm EDT 5-day change 1st Jan Change
55.45 CAD +0.31% Intraday chart for Suncor Energy Inc. -1.05% +30.60%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 65,650 32,562 46,061 57,940 55,103 71,081 - -
Enterprise Value (EV) 1 81,660 52,376 62,210 71,579 68,781 80,348 78,218 78,062
P/E ratio 22.9 x -7.54 x 11.4 x 6.58 x 6.71 x 10.3 x 9.73 x 10.3 x
Yield 3.95% 5.15% 3.32% 4.38% 4.97% 3.98% 4.08% 4.31%
Capitalization / Revenue 1.68 x 1.3 x 1.18 x 0.99 x 1.09 x 1.39 x 1.37 x 1.46 x
EV / Revenue 2.09 x 2.09 x 1.59 x 1.22 x 1.36 x 1.57 x 1.51 x 1.6 x
EV / EBITDA 6.04 x 11.8 x 4.91 x 3.1 x 3.76 x 4.93 x 4.79 x 4.85 x
EV / FCF 15.5 x -1,048 x 10.9 x 5.46 x 9.17 x 11.9 x 10.6 x 10.7 x
FCF Yield 6.44% -0.1% 9.17% 18.3% 10.9% 8.4% 9.44% 9.32%
Price to Book 1.55 x 0.91 x 1.26 x 1.46 x 1.27 x 1.54 x 1.46 x 1.4 x
Nbr of stocks (in thousands) 1,542,539 1,525,151 1,455,318 1,349,013 1,298,074 1,285,838 - -
Reference price 2 42.56 21.35 31.65 42.95 42.45 55.28 55.28 55.28
Announcement Date 2/5/20 2/4/21 2/2/22 2/14/23 2/21/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 38,989 25,052 39,101 58,467 50,746 51,243 51,763 48,809
EBITDA 1 13,530 4,425 12,675 23,113 18,291 16,288 16,319 16,084
EBIT 1 2,961 -5,101 6,825 14,327 11,856 9,724 9,432 9,219
Operating Margin 7.59% -20.36% 17.45% 24.5% 23.36% 18.98% 18.22% 18.89%
Earnings before Tax (EBT) 1 2,533 -6,097 5,570 12,316 10,589 9,070 8,744 8,177
Net income 1 2,899 -4,319 4,119 9,077 8,295 6,860 6,573 6,148
Net margin 7.44% -17.24% 10.53% 15.52% 16.35% 13.39% 12.7% 12.6%
EPS 2 1.860 -2.830 2.770 6.530 6.330 5.384 5.683 5.367
Free Cash Flow 1 5,260 -50 5,702 13,114 7,497 6,749 7,381 7,273
FCF margin 13.49% -0.2% 14.58% 22.43% 14.77% 13.17% 14.26% 14.9%
FCF Conversion (EBITDA) 38.88% - 44.99% 56.74% 40.99% 41.44% 45.23% 45.22%
FCF Conversion (Net income) 181.44% - 138.43% 144.48% 90.38% 98.38% 112.29% 118.29%
Dividend per Share 2 1.680 1.100 1.050 1.880 2.110 2.201 2.257 2.382
Announcement Date 2/5/20 2/4/21 2/2/22 2/14/23 2/21/24 - - -
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 11,159 13,501 16,204 15,057 13,855 12,256 11,716 12,636 14,138 12,529 12,681 13,290 12,445 12,677 13,149
EBITDA 1 3,953 5,504 7,051 5,420 5,209 4,644 4,083 4,438 5,126 4,265 3,558 - - - -
EBIT 1 2,323 4,033 6,053 3,965 3,744 3,128 2,506 2,694 3,528 2,637 2,163 2,635 2,438 2,051 2,054
Operating Margin 20.82% 29.87% 37.35% 26.33% 27.02% 25.52% 21.39% 21.32% 24.95% 21.05% 17.05% 19.83% 19.59% 16.18% 15.62%
Earnings before Tax (EBT) 1 2,054 - 5,409 -479 3,538 2,714 2,351 2,134 3,390 2,220 1,855 2,483 1,758 1,876 2,126
Net income 1 1,553 2,949 3,996 -609 2,741 2,052 1,879 1,544 2,820 1,610 1,530 1,952 1,400 1,407 1,594
Net margin 13.92% 21.84% 24.66% -4.04% 19.78% 16.74% 16.04% 12.22% 19.95% 12.85% 12.06% 14.69% 11.25% 11.1% 12.13%
EPS 2 1.070 2.060 2.830 -0.4500 2.030 1.540 1.430 1.190 2.180 1.250 1.194 1.548 1.198 1.224 1.340
Dividend per Share 2 0.4200 0.4200 0.4700 0.4700 0.5200 0.5200 0.5200 0.5200 0.5500 0.5500 0.5490 0.5487 0.5587 0.5580 0.5580
Announcement Date 2/2/22 5/9/22 8/4/22 11/3/22 2/14/23 5/8/23 8/15/23 11/8/23 2/21/24 5/7/24 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 16,010 19,814 16,149 13,639 13,678 9,267 7,136 6,981
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.183 x 4.478 x 1.274 x 0.5901 x 0.7478 x 0.5689 x 0.4373 x 0.434 x
Free Cash Flow 1 5,260 -50 5,702 13,114 7,497 6,749 7,381 7,273
ROE (net income / shareholders' equity) 10.1% -11.1% 10.5% 30.4% 20.1% 14.6% 12.9% 13.6%
ROA (Net income/ Total Assets) 4.87% -4.96% 4.52% 13.7% 9.58% 7.25% 6.22% -
Assets 1 59,541 87,026 91,124 66,063 86,579 94,653 105,640 -
Book Value Per Share 2 27.40 23.40 25.20 29.40 33.50 35.90 37.80 39.60
Cash Flow per Share 2 6.930 2.540 6.890 13.10 10.20 10.60 10.80 12.80
Capex 1 5,558 3,926 4,555 4,987 5,828 6,485 6,459 6,093
Capex / Sales 14.26% 15.67% 11.65% 8.53% 11.48% 12.66% 12.48% 12.48%
Announcement Date 2/5/20 2/4/21 2/2/22 2/14/23 2/21/24 - - -
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
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
21
Last Close Price
55.28 CAD
Average target price
59.45 CAD
Spread / Average Target
+7.54%
Consensus
1st Jan change Capi.
+30.60% 52.12B
-11.36% 1,903B
+14.72% 447B
+57.17% 250B
+7.37% 167B
+1.88% 94.75B
-6.36% 84.65B
-.--% 52.62B
-5.15% 50.58B
+29.57% 37.89B
Integrated Oil & Gas
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