ATHABASCA OIL CORP (ATH.CA) Fundamental Analysis & Valuation

TSX:ATH • CA04682R1073

8.75 CAD
-0.02 (-0.23%)
Last: Mar 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This ATH.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

Overall ATH gets a fundamental rating of 6 out of 10. We evaluated ATH against 210 industry peers in the Oil, Gas & Consumable Fuels industry. ATH gets an excellent profitability rating and is at the same time showing great financial health properties. ATH has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

8

1. ATH.CA Profitability Analysis

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.
  • Of the past 5 years ATH 4 years had a positive operating cash flow.
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

  • The Return On Assets of ATH (18.28%) is better than 96.67% of its industry peers.
  • The Return On Equity of ATH (26.00%) is better than 97.14% of its industry peers.
  • With an excellent Return On Invested Capital value of 13.84%, ATH belongs to the best of the industry, outperforming 96.67% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for ATH is above the industry average of 6.66%.
  • 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 Profit Margin of 33.84%. This is amongst the best in the industry. ATH outperforms 95.71% 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 84.76% of its industry peers.
  • In the last couple of years the Operating Margin of ATH has grown nicely.
  • ATH has a Gross Margin of 62.58%. This is amongst the best in the industry. ATH outperforms 80.95% of its industry peers.
  • In the last couple of years the Gross Margin of ATH has remained more or less at the same level.
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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

8

2. ATH.CA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ATH is creating some value.
  • ATH has less shares outstanding than it did 1 year ago.
  • ATH has less shares outstanding than it did 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

  • ATH has an Altman-Z score of 4.47. This indicates that ATH is financially healthy and has little risk of bankruptcy at the moment.
  • ATH has a Altman-Z score of 4.47. This is amongst the best in the industry. ATH outperforms 82.38% of its industry peers.
  • ATH has a debt to FCF ratio of 0.92. This is a very positive value and a sign of high solvency as it would only need 0.92 years to pay back of all of its debts.
  • ATH has a Debt to FCF ratio of 0.92. This is amongst the best in the industry. ATH outperforms 93.33% 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 69.52% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 0.92
Altman-Z 4.47
ROIC/WACC1.71
WACC8.1%
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.
  • Looking at the Current ratio, with a value of 2.02, ATH is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
  • ATH has a Quick Ratio of 1.84. This is a normal value and indicates that ATH is financially healthy and should not expect problems in meeting its short term obligations.
  • The Quick ratio of ATH (1.84) is better than 78.57% of its industry peers.
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

More info and screens

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

4

3. ATH.CA Growth Analysis

3.1 Past

  • ATH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 117.07%, which is quite impressive.
  • Measured over the past years, ATH shows a very strong growth in Earnings Per Share. The EPS has been growing by 84.71% on average per year.
  • The Revenue has been growing slightly by 3.40% in the past year.
  • Measured over the past years, ATH shows a quite strong growth in Revenue. The Revenue has been growing by 11.85% on average per year.
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

  • Based on estimates for the next years, ATH will show a small growth in Earnings Per Share. The EPS will grow by 6.83% on average per year.
  • The Revenue is expected to decrease by -30.70% on average over the next years. This is quite bad
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-30.7%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • 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

More info and screens

Find the best growth stocksShow best growing peers

5

4. ATH.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 9.83 indicates a reasonable valuation of ATH.
  • Based on the Price/Earnings ratio, ATH is valued a bit cheaper than the industry average as 76.67% of the companies are valued more expensively.
  • ATH is valuated cheaply when we compare the Price/Earnings ratio to 26.29, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 23.41, which indicates a rather expensive current valuation of ATH.
  • Based on the Price/Forward Earnings ratio, ATH is valued a bit cheaper than the industry average as 61.43% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of ATH to the average of the S&P500 Index (24.57), we can say ATH is valued inline with the index average.
Industry RankSector Rank
PE 9.83
Fwd PE 23.41
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

  • Based on the Enterprise Value to EBITDA ratio, ATH is valued a bit cheaper than the industry average as 77.14% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, ATH is valued a bit cheaper than the industry average as 69.05% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 19.51
EV/EBITDA 7.58
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

  • The excellent profitability rating of ATH 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)0.12
EPS Next 2Y-34.08%
EPS Next 3Y-9.55%

More info and screens

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

0

5. ATH.CA Dividend Analysis

5.1 Amount

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

More info and screens

Find the best dividend stocksShow peers with best dividend

ATH.CA Fundamentals: All Metrics, Ratios and Statistics

ATHABASCA OIL CORP

TSX:ATH (3/6/2026, 7:00:00 PM)

8.75

-0.02 (-0.23%)

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 Cap4.20B
Revenue(TTM)1.37B
Net Income(TTM)462.85M
Analysts75.38
Price Target8.02 (-8.34%)
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)2.17%
PT rev (3m)7.2%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.67%
EPS NY rev (1m)0%
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 9.83
Fwd PE 23.41
P/S 3.07
P/FCF 19.51
P/OCF 7.77
P/B 2.36
P/tB 2.36
EV/EBITDA 7.58
EPS(TTM)0.89
EY10.17%
EPS(NY)0.37
Fwd EY4.27%
FCF(TTM)0.45
FCFY5.13%
OCF(TTM)1.13
OCFY12.88%
SpS2.85
BVpS3.71
TBVpS3.71
PEG (NY)N/A
PEG (5Y)0.12
Graham Number8.62
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 4.47
F-Score7
WACC8.1%
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-30.7%
Revenue Next 5YN/A
EBIT growth 1Y14.17%
EBIT growth 3Y63.22%
EBIT growth 5Y45.86%
EBIT Next Year83.93%
EBIT Next 3Y22.49%
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 9.83 and the Price/Book (PB) ratio is 2.36.