Financials Southern Energy Corp.

Equities

SOU

CA8428133059

Oil & Gas Exploration and Production

Market Closed - Toronto S.E. 12:05:01 2024-06-04 pm EDT 5-day change 1st Jan Change
0.225 CAD -6.25% Intraday chart for Southern Energy Corp. -4.26% +7.14%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7.832 6.623 23.14 113.2 34.8 37.46 - -
Enterprise Value (EV) 1 39.13 6.623 31.26 95.22 34.8 76.94 75.06 87.92
P/E ratio -0.7 x -0.6 x 1.25 x 7.66 x -0.46 x -4.13 x - -
Yield - - - - - - - -
Capitalization / Revenue 409,429 x - 918,918 x 1,870,503 x 1,315,359 x - - -
EV / Revenue 2,045,531 x - 1,241,403 x 1,573,336 x 1,315,359 x - - -
EV / EBITDA 11.4 x - 3.13 x 2.94 x 12.8 x 9.4 x 4.59 x 2.8 x
EV / FCF -1.98 x - 11.9 x -6.79 x - 28.2 x -7.86 x -16.1 x
FCF Yield -50.6% - 8.39% -14.7% - 3.55% -12.7% -6.2%
Price to Book - - - - - - - -
Nbr of stocks (in thousands) 27,971 27,596 77,131 138,057 165,718 166,497 - -
Reference price 2 0.2800 0.2400 0.3000 0.8200 0.2100 0.2250 0.2250 0.2250
Announcement Date 5/4/20 4/30/21 4/19/22 4/18/23 4/26/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 19.13 - 25.18 60.52 26.46 - - -
EBITDA 1 3.426 - 9.984 32.39 2.72 8.183 16.36 31.37
EBIT - - 4.668 23.77 - - - -
Operating Margin - - 18.54% 39.28% - - - -
Earnings before Tax (EBT) -11.11 - 12.2 12.45 -64.09 - - -
Net income 1 -11.42 -11.31 12.74 12.45 -64.14 -11.34 -1.093 -
Net margin -59.71% - 50.61% 20.57% -242.41% - - -
EPS 2 -0.4000 -0.4000 0.2399 0.1071 -0.4521 -0.0545 - -
Free Cash Flow 1 -19.8 - 2.621 -14.03 - 2.728 -9.546 -5.455
FCF margin -103.5% - 10.41% -23.18% - - - -
FCF Conversion (EBITDA) - - 26.26% - - 33.34% - -
FCF Conversion (Net income) - - 20.57% - - - - -
Dividend per Share - - - - - - - -
Announcement Date 5/4/20 4/30/21 4/19/22 4/18/23 4/26/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2022 Q3 2023 Q4
Net sales 1 - - 6.984
EBITDA - 17.29 -
EBIT - 13.58 -
Operating Margin - - -
Earnings before Tax (EBT) 1 - 8.806 -54.16
Net income 1 -2.371 8.858 -54.2
Net margin - - -776.05%
EPS -0.0256 - -
Dividend per Share - - -
Announcement Date 5/26/22 11/22/22 4/26/24
1CAD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 31.3 - 8.12 - - 39.5 37.6 50.5
Net Cash position 1 - - - 18 - - - -
Leverage (Debt/EBITDA) 9.135 x - 0.8133 x - - 4.824 x 2.298 x 1.609 x
Free Cash Flow 1 -19.8 - 2.62 -14 - 2.73 -9.55 -5.46
ROE (net income / shareholders' equity) - - - - - - - -
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share - - - - - - - -
Cash Flow per Share 2 0.1200 - - 0.2000 0.0400 0.0500 0.1300 0.1900
Capex 1 22.9 - 3.24 40 - 6.4 20.1 32.7
Capex / Sales 119.94% - 12.85% 66.03% - - - -
Announcement Date 5/4/20 4/30/21 4/19/22 4/18/23 4/26/24 - - -
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
0.225 CAD
Average target price
0.275 CAD
Spread / Average Target
+22.22%
Consensus

Annual profits - Rate of surprise

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  4. Financials Southern Energy Corp.