ATHABASCA OIL CORP (ATH.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:ATH • CA04682R1073

8.54 CAD
-0.08 (-0.93%)
Last: Feb 9, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

Taking everything into account, ATH scores 6 out of 10 in our fundamental rating. ATH was compared to 212 industry peers in the Oil, Gas & Consumable Fuels industry. ATH scores excellent points on both the profitability and health parts. This is a solid base for a good stock. ATH has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • ATH had positive earnings in the past year.
  • In the past year ATH had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: ATH reported negative net income in multiple years.
  • ATH had a positive operating cash flow in 4 of the past 5 years.
ATH.CA Yearly Net Income VS EBIT VS OCF VS FCFATH.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M

1.2 Ratios

  • ATH has a Return On Assets of 18.28%. This is amongst the best in the industry. ATH outperforms 97.17% of its industry peers.
  • ATH's Return On Equity of 26.00% is amongst the best of the industry. ATH outperforms 97.64% of its industry peers.
  • The Return On Invested Capital of ATH (13.84%) is better than 96.70% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for ATH is above the industry average of 6.50%.
  • The 3 year average ROIC (10.38%) for ATH is below the current ROIC(13.84%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 18.28%
ROE 26%
ROIC 13.84%
ROA(3y)14.02%
ROA(5y)4.44%
ROE(3y)19%
ROE(5y)-2.87%
ROIC(3y)10.38%
ROIC(5y)N/A
ATH.CA Yearly ROA, ROE, ROICATH.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100

1.3 Margins

  • ATH has a better Profit Margin (33.84%) than 96.23% of its industry peers.
  • ATH's Profit Margin has improved in the last couple of years.
  • ATH's Operating Margin of 30.10% is amongst the best of the industry. ATH outperforms 84.91% of its industry peers.
  • ATH's Operating Margin has improved in the last couple of years.
  • ATH has a Gross Margin of 62.58%. This is amongst the best in the industry. ATH outperforms 80.66% of its industry peers.
  • ATH's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 30.1%
PM (TTM) 33.84%
GM 62.58%
OM growth 3Y38.33%
OM growth 5Y30.41%
PM growth 3Y-14.63%
PM growth 5Y1.59%
GM growth 3Y1.13%
GM growth 5Y-0.42%
ATH.CA Yearly Profit, Operating, Gross MarginsATH.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100 -200 -300 -400

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ROAROEROICOperating and Profit MarginShow most profitable peers

9

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ATH is still creating some value.
  • The number of shares outstanding for ATH has been reduced compared to 1 year ago.
  • The number of shares outstanding for ATH has been reduced compared to 5 years ago.
  • Compared to 1 year ago, ATH has an improved debt to assets ratio.
ATH.CA Yearly Shares OutstandingATH.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M
ATH.CA Yearly Total Debt VS Total AssetsATH.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

  • An Altman-Z score of 4.43 indicates that ATH is not in any danger for bankruptcy at the moment.
  • ATH's Altman-Z score of 4.43 is amongst the best of the industry. ATH outperforms 83.49% of its industry peers.
  • The Debt to FCF ratio of ATH is 0.92, which is an excellent value as it means it would take ATH, only 0.92 years of fcf income to pay off all of its debts.
  • ATH has a Debt to FCF ratio of 0.92. This is amongst the best in the industry. ATH outperforms 92.92% of its industry peers.
  • A Debt/Equity ratio of 0.11 indicates that ATH is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.11, ATH is in the better half of the industry, outperforming 70.75% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 0.92
Altman-Z 4.43
ROIC/WACC1.71
WACC8.09%
ATH.CA Yearly LT Debt VS Equity VS FCFATH.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B

2.3 Liquidity

  • ATH has a Current Ratio of 2.02. This indicates that ATH is financially healthy and has no problem in meeting its short term obligations.
  • ATH has a better Current ratio (2.02) than 80.19% of its industry peers.
  • A Quick Ratio of 1.84 indicates that ATH should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.84, ATH belongs to the top of the industry, outperforming 81.13% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.02
Quick Ratio 1.84
ATH.CA Yearly Current Assets VS Current LiabilitesATH.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 117.07% over the past year.
  • ATH shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 84.71% yearly.
  • The Revenue has been growing slightly by 3.40% in the past year.
  • The Revenue has been growing by 11.85% on average over the past years. This is quite good.
EPS 1Y (TTM)117.07%
EPS 3Y0.21%
EPS 5Y84.71%
EPS Q2Q%16.67%
Revenue 1Y (TTM)3.4%
Revenue growth 3Y18%
Revenue growth 5Y11.85%
Sales Q2Q%-9.68%

3.2 Future

  • ATH is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.83% yearly.
  • Based on estimates for the next years, ATH will show a very negative growth in Revenue. The Revenue will decrease by -29.22% on average per year.
EPS Next Y-37.17%
EPS Next 2Y-34.08%
EPS Next 3Y-9.55%
EPS Next 5Y6.83%
Revenue Next Year-4.05%
Revenue Next 2Y-3.43%
Revenue Next 3Y-29.22%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
ATH.CA Yearly Revenue VS EstimatesATH.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B
ATH.CA Yearly EPS VS EstimatesATH.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.5 -0.5 1 -1

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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 9.60, the valuation of ATH can be described as very reasonable.
  • Based on the Price/Earnings ratio, ATH is valued a bit cheaper than 75.94% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 28.06, ATH is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 22.85, ATH is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ATH is on the same level as its industry peers.
  • ATH's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.86.
Industry RankSector Rank
PE 9.6
Fwd PE 22.85
ATH.CA Price Earnings VS Forward Price EarningsATH.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 76.42% of the companies in the same industry are more expensive than ATH, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of ATH indicates a somewhat cheap valuation: ATH is cheaper than 66.98% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 19.28
EV/EBITDA 7.47
ATH.CA Per share dataATH.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3

4.3 Compensation for Growth

  • ATH has an outstanding profitability rating, which may justify a higher PE ratio.
  • A cheap valuation may be justified as ATH's earnings are expected to decrease with -9.55% in the coming years.
PEG (NY)N/A
PEG (5Y)0.11
EPS Next 2Y-34.08%
EPS Next 3Y-9.55%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for ATH!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

ATHABASCA OIL CORP

TSX:ATH (2/9/2026, 7:00:00 PM)

8.54

-0.08 (-0.93%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)10-28
Earnings (Next)03-04
Inst Owners22.07%
Inst Owner ChangeN/A
Ins Owners2.14%
Ins Owner ChangeN/A
Market Cap4.15B
Revenue(TTM)1.37B
Net Income(TTM)462.85M
Analysts73.85
Price Target8.08 (-5.39%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-8.61%
Min EPS beat(2)-16.22%
Max EPS beat(2)-0.99%
EPS beat(4)1
Avg EPS beat(4)51.31%
Min EPS beat(4)-16.22%
Max EPS beat(4)230.03%
EPS beat(8)1
Avg EPS beat(8)14.22%
EPS beat(12)1
Avg EPS beat(12)-60.64%
EPS beat(16)4
Avg EPS beat(16)159.72%
Revenue beat(2)0
Avg Revenue beat(2)-28.36%
Min Revenue beat(2)-32.85%
Max Revenue beat(2)-23.87%
Revenue beat(4)0
Avg Revenue beat(4)-29.49%
Min Revenue beat(4)-32.85%
Max Revenue beat(4)-23.87%
Revenue beat(8)0
Avg Revenue beat(8)-28.12%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)3.64%
PT rev (3m)13.1%
EPS NQ rev (1m)-6.67%
EPS NQ rev (3m)-6.67%
EPS NY rev (1m)0.94%
EPS NY rev (3m)0.94%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 9.6
Fwd PE 22.85
P/S 3.03
P/FCF 19.28
P/OCF 7.67
P/B 2.33
P/tB 2.33
EV/EBITDA 7.47
EPS(TTM)0.89
EY10.42%
EPS(NY)0.37
Fwd EY4.38%
FCF(TTM)0.44
FCFY5.19%
OCF(TTM)1.11
OCFY13.03%
SpS2.81
BVpS3.66
TBVpS3.66
PEG (NY)N/A
PEG (5Y)0.11
Graham Number8.56
Profitability
Industry RankSector Rank
ROA 18.28%
ROE 26%
ROCE 18.1%
ROIC 13.84%
ROICexc 16.23%
ROICexgc 16.23%
OM 30.1%
PM (TTM) 33.84%
GM 62.58%
FCFM 15.74%
ROA(3y)14.02%
ROA(5y)4.44%
ROE(3y)19%
ROE(5y)-2.87%
ROIC(3y)10.38%
ROIC(5y)N/A
ROICexc(3y)12.18%
ROICexc(5y)N/A
ROICexgc(3y)12.18%
ROICexgc(5y)N/A
ROCE(3y)13.57%
ROCE(5y)N/A
ROICexgc growth 3Y41.66%
ROICexgc growth 5Y42.21%
ROICexc growth 3Y41.66%
ROICexc growth 5Y42.21%
OM growth 3Y38.33%
OM growth 5Y30.41%
PM growth 3Y-14.63%
PM growth 5Y1.59%
GM growth 3Y1.13%
GM growth 5Y-0.42%
F-Score7
Asset Turnover0.54
Health
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 0.92
Debt/EBITDA 0.37
Cap/Depr 259.53%
Cap/Sales 23.8%
Interest Coverage 25.09
Cash Conversion 100.69%
Profit Quality 46.53%
Current Ratio 2.02
Quick Ratio 1.84
Altman-Z 4.43
F-Score7
WACC8.09%
ROIC/WACC1.71
Cap/Depr(3y)160.94%
Cap/Depr(5y)134.97%
Cap/Sales(3y)14.51%
Cap/Sales(5y)15.34%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)117.07%
EPS 3Y0.21%
EPS 5Y84.71%
EPS Q2Q%16.67%
EPS Next Y-37.17%
EPS Next 2Y-34.08%
EPS Next 3Y-9.55%
EPS Next 5Y6.83%
Revenue 1Y (TTM)3.4%
Revenue growth 3Y18%
Revenue growth 5Y11.85%
Sales Q2Q%-9.68%
Revenue Next Year-4.05%
Revenue Next 2Y-3.43%
Revenue Next 3Y-29.22%
Revenue Next 5YN/A
EBIT growth 1Y14.17%
EBIT growth 3Y63.22%
EBIT growth 5Y45.86%
EBIT Next Year85.13%
EBIT Next 3Y32.15%
EBIT Next 5Y27.92%
FCF growth 1Y36.73%
FCF growth 3Y41.42%
FCF growth 5YN/A
OCF growth 1Y99.14%
OCF growth 3Y42.1%
OCF growth 5Y43.2%

ATHABASCA OIL CORP / ATH.CA FAQ

What is the ChartMill fundamental rating of ATHABASCA OIL CORP (ATH.CA) stock?

ChartMill assigns a fundamental rating of 6 / 10 to ATH.CA.


What is the valuation status for ATH stock?

ChartMill assigns a valuation rating of 5 / 10 to ATHABASCA OIL CORP (ATH.CA). This can be considered as Fairly Valued.


How profitable is ATHABASCA OIL CORP (ATH.CA) stock?

ATHABASCA OIL CORP (ATH.CA) has a profitability rating of 8 / 10.


What is the valuation of ATHABASCA OIL CORP based on its PE and PB ratios?

The Price/Earnings (PE) ratio for ATHABASCA OIL CORP (ATH.CA) is 9.6 and the Price/Book (PB) ratio is 2.33.