Financials Enerplus Corporation

Equities

ERF

CA2927661025

Oil & Gas Exploration and Production

Market Closed - Toronto S.E. 04:15:20 2024-05-31 pm EDT 5-day change 1st Jan Change
27.71 CAD +1.13% Intraday chart for Enerplus Corporation +3.47% +36.44%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,895 1,578 695.4 2,688 3,952 3,126
Enterprise Value (EV) 2 2,229 2,086 1,108 3,357 4,197 3,260
P/E ratio 5.08 x -6.34 x -0.75 x 11.7 x 4.68 x 7.33 x
Yield 1.54% 1.69% 3.84% 1.21% 1.03% 1.5%
Capitalization / Revenue 1.57 x 1.35 x 1.01 x 1.95 x 1.81 x 2.05 x
EV / Revenue 1.85 x 1.78 x 1.61 x 2.43 x 1.92 x 2.13 x
EV / EBITDA 2.6 x 3.49 x 3.23 x 5.34 x 3 x 3.4 x
EV / FCF -44.8 x -30.1 x 21.4 x 9.35 x 12.9 x 15.2 x
FCF Yield -2.23% -3.32% 4.67% 10.7% 7.74% 6.59%
Price to Book 0.93 x 1.07 x 1.3 x 4.22 x 3.56 x 2.52 x
Nbr of stocks (in thousands) 243,721 221,744 222,548 254,776 224,237 204,026
Reference price 3 7.776 7.116 3.125 10.55 17.63 15.32
Announcement Date 2/22/19 2/21/20 2/19/21 2/24/22 2/23/23 2/21/24
1USD in Million2CAD in Million3USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,205 1,172 687.3 1,381 2,186 1,528
EBITDA 1 856.2 597.1 342.6 628.6 1,398 958.3
EBIT 1 551.9 240.3 49.42 357.3 1,089 580.8
Operating Margin 45.78% 20.51% 7.19% 25.88% 49.81% 38.01%
Earnings before Tax (EBT) 1 481.5 -211.9 -1,184 335.9 1,208 567.4
Net income 1 378.3 -259.7 -923.4 234.4 914.3 456.1
Net margin 31.38% -22.17% -134.35% 16.98% 41.82% 29.85%
EPS 2 1.530 -1.123 -4.150 0.9000 3.770 2.090
Free Cash Flow 1 -49.7 -69.26 51.71 359.3 324.9 214.8
FCF margin -4.12% -5.91% 7.52% 26.02% 14.86% 14.06%
FCF Conversion (EBITDA) - - 15.09% 57.15% 23.24% 22.42%
FCF Conversion (Net income) - - - 153.24% 35.54% 47.1%
Dividend per Share 2 0.1200 0.1200 0.1200 0.1280 0.1810 0.2300
Announcement Date 2/22/19 2/21/20 2/19/21 2/24/22 2/23/23 2/21/24
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 334 508 413 669 244 135
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.3896 x 0.8509 x 1.205 x 1.065 x 0.1748 x 0.1404 x
Free Cash Flow 1 -49.7 -69.3 51.7 359 325 215
ROE (net income / shareholders' equity) 21% -15% -92% 45.5% 108% 39.6%
ROA (Net income/ Total Assets) 12% 5.28% 1.53% 14.2% 34.7% 18.1%
Assets 1 3,161 -4,915 -60,268 1,650 2,638 2,517
Book Value Per Share 2 8.360 6.640 2.410 2.500 4.950 6.070
Cash Flow per Share 2 1.520 0.6800 0.5100 0.2500 0.1700 0.3300
Capex 1 623 631 343 281 452 552
Capex / Sales 51.69% 53.88% 49.96% 20.35% 20.69% 36.14%
Announcement Date 2/22/19 2/21/20 2/19/21 2/24/22 2/23/23 2/21/24
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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