Financials ARC Resources Ltd.

Equities

ARX

CA00208D4084

Oil & Gas Exploration and Production

Delayed Toronto S.E. 11:18:10 2024-05-21 am EDT 5-day change 1st Jan Change
25.88 CAD +0.52% Intraday chart for ARC Resources Ltd. +2.70% +31.57%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,897 2,120 8,035 11,421 11,817 15,387 - -
Enterprise Value (EV) 1 3,812 2,871 9,863 12,723 13,134 16,726 16,589 16,390
P/E ratio -102 x -3.87 x 9.2 x 5.26 x 7.54 x 12.8 x 8.38 x 7.36 x
Yield 7.33% 5% 2.49% 2.68% 3.36% 2.67% 2.72% 2.86%
Capitalization / Revenue 2.58 x 1.82 x 1.76 x 1.68 x 2.59 x 3.19 x 2.54 x 2.52 x
EV / Revenue 3.4 x 2.46 x 2.16 x 1.88 x 2.88 x 3.47 x 2.74 x 2.68 x
EV / EBITDA 8.31 x 5.08 x 4.53 x 2.9 x 4.24 x 5.79 x 4.38 x -
EV / FCF 326 x 8.97 x 7.29 x 5.6 x 11 x 23.1 x 10.4 x 10.1 x
FCF Yield 0.31% 11.2% 13.7% 17.8% 9.12% 4.32% 9.6% 9.91%
Price to Book - - - - - - - -
Nbr of stocks (in thousands) 354,154 353,376 698,660 625,814 600,775 597,568 - -
Reference price 2 8.180 6.000 11.50 18.25 19.67 25.75 25.75 25.75
Announcement Date 2/6/20 2/10/21 2/10/22 2/9/23 2/8/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,122 1,167 4,573 6,781 4,566 4,826 6,055 6,108
EBITDA 1 459 564.6 2,175 4,393 3,096 2,887 3,790 -
EBIT 1 -80.2 -709.3 1,112 2,978 1,690 1,076 2,250 2,372
Operating Margin -7.15% -60.76% 24.31% 43.92% 37.01% 22.3% 37.16% 38.83%
Earnings before Tax (EBT) 1 -128.5 -754.9 - - - 1,550 2,280 2,223
Net income 1 -27.6 -547.2 786.6 2,302 1,596 1,251 1,800 1,845
Net margin -2.46% -46.88% 17.2% 33.95% 34.97% 25.92% 29.73% 30.2%
EPS 2 -0.0800 -1.550 1.250 3.470 2.610 2.012 3.074 3.500
Free Cash Flow 1 11.7 320.2 1,354 2,271 1,198 723.2 1,593 1,625
FCF margin 1.04% 27.43% 29.6% 33.48% 26.23% 14.99% 26.31% 26.6%
FCF Conversion (EBITDA) 2.55% 56.71% 62.23% 51.69% 38.69% 25.05% 42.02% -
FCF Conversion (Net income) - - 172.08% 98.62% 75.02% 57.81% 88.49% 88.08%
Dividend per Share 2 0.6000 0.3000 0.2860 0.4900 0.6600 0.6870 0.7010 0.7375
Announcement Date 2/6/20 2/10/21 2/10/22 2/9/23 2/8/24 - - -
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
Net sales 1 1,883 1,677 - - 1,691 - 1,125 1,308 1,105 1,071 1,025 1,168 1,417
EBITDA 1,223 1,071 1,337 1,437 1,368 956.4 613.6 757.6 782 679.6 - - -
EBIT 1 - - - - 978.7 - 265.3 392.7 428.4 - 450 445 509
Operating Margin - - - - 57.88% - 23.59% 30.02% 38.77% - 43.9% 38.1% 35.92%
Earnings before Tax (EBT) 1 887.8 - - - - - 358.4 297.7 - 240.7 313 383 613
Net income 1 678 - - - 741 - 278.9 236.4 506 185.4 251 306 509
Net margin 36.01% - - - 43.82% - 24.8% 18.07% 45.79% 17.31% 24.49% 26.2% 35.92%
EPS 2 0.9600 -0.1000 1.130 1.320 1.180 0.9300 0.4600 0.3900 0.8300 0.3100 0.4200 0.5100 0.8700
Dividend per Share 2 0.1000 0.1000 0.1200 0.1200 0.1500 0.1500 0.1700 0.1700 0.1700 - 0.1750 0.1700 0.1700
Announcement Date 2/10/22 5/5/22 7/28/22 11/3/22 2/9/23 5/4/23 8/2/23 11/2/23 2/8/24 5/9/24 - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 915 751 1,829 1,302 1,317 1,339 1,201 1,002
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.994 x 1.33 x 0.8407 x 0.2963 x 0.4255 x 0.4637 x 0.3169 x -
Free Cash Flow 1 11.7 320 1,354 2,271 1,198 723 1,593 1,625
ROE (net income / shareholders' equity) -0.78% -17.6% - 36.2% 21.8% 15% 19% -
ROA (Net income/ Total Assets) -0.47% -10.2% - - - - - -
Assets 1 5,897 5,366 - - - - - -
Book Value Per Share - - - - - - - -
Cash Flow per Share 2 1.970 1.890 3.490 5.600 4.320 4.410 5.700 6.760
Capex 1 686 336 1,062 1,442 1,826 1,824 1,744 1,780
Capex / Sales 61.13% 28.74% 23.22% 21.26% 39.99% 37.8% 28.81% 29.14%
Announcement Date 2/6/20 2/10/21 2/10/22 2/9/23 2/8/24 - - -
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
BUY
Number of Analysts
16
Last Close Price
25.75 CAD
Average target price
29.62 CAD
Spread / Average Target
+15.05%
Consensus
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