MEG Energy Corp (MEG.CA) Fundamental Analysis & Valuation

TSX:MEG • CA5527041084

30.89 CAD
+0.22 (+0.72%)
Last: Nov 14, 2025, 07:00 PM
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This MEG.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

Taking everything into account, MEG scores 6 out of 10 in our fundamental rating. MEG was compared to 212 industry peers in the Oil, Gas & Consumable Fuels industry. Both the health and profitability get an excellent rating, making MEG a very profitable company, without any liquidiy or solvency issues. MEG has a decent growth rate and is not valued too expensively. These ratings would make MEG suitable for quality investing!


Dividend Valuation Growth Profitability Health

8

1. MEG.CA Profitability Analysis

1.1 Basic Checks

  • MEG had positive earnings in the past year.
  • In the past year MEG had a positive cash flow from operations.
  • MEG had positive earnings in 4 of the past 5 years.
  • In the past 5 years MEG always reported a positive cash flow from operatings.
MEG.CA Yearly Net Income VS EBIT VS OCF VS FCFMEG.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 1B 1.5B

1.2 Ratios

  • With an excellent Return On Assets value of 7.78%, MEG belongs to the best of the industry, outperforming 90.09% of the companies in the same industry.
  • The Return On Equity of MEG (11.41%) is better than 82.08% of its industry peers.
  • MEG has a Return On Invested Capital of 10.05%. This is amongst the best in the industry. MEG outperforms 91.98% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for MEG is significantly above the industry average of 6.67%.
Industry RankSector Rank
ROA 7.78%
ROE 11.41%
ROIC 10.05%
ROA(3y)9.53%
ROA(5y)5.48%
ROE(3y)14.76%
ROE(5y)8.31%
ROIC(3y)13.52%
ROIC(5y)N/A
MEG.CA Yearly ROA, ROE, ROICMEG.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

1.3 Margins

  • The Profit Margin of MEG (12.79%) is better than 74.06% of its industry peers.
  • In the last couple of years the Profit Margin of MEG has grown nicely.
  • MEG has a better Operating Margin (20.16%) than 74.06% of its industry peers.
  • In the last couple of years the Operating Margin of MEG has grown nicely.
  • With a Gross Margin value of 39.44%, MEG perfoms like the industry average, outperforming 54.72% of the companies in the same industry.
  • In the last couple of years the Gross Margin of MEG has remained more or less at the same level.
Industry RankSector Rank
OM 20.16%
PM (TTM) 12.79%
GM 39.44%
OM growth 3Y-6.62%
OM growth 5Y13.34%
PM growth 3Y14.56%
PM growth 5YN/A
GM growth 3Y-3.24%
GM growth 5Y-0.34%
MEG.CA Yearly Profit, Operating, Gross MarginsMEG.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

8

2. MEG.CA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MEG is creating some value.
  • The number of shares outstanding for MEG has been reduced compared to 1 year ago.
  • The number of shares outstanding for MEG has been reduced compared to 5 years ago.
  • MEG has a better debt/assets ratio than last year.
MEG.CA Yearly Shares OutstandingMEG.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
MEG.CA Yearly Total Debt VS Total AssetsMEG.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

  • MEG has an Altman-Z score of 3.22. This indicates that MEG is financially healthy and has little risk of bankruptcy at the moment.
  • MEG has a Altman-Z score of 3.22. This is amongst the best in the industry. MEG outperforms 81.60% of its industry peers.
  • The Debt to FCF ratio of MEG is 2.58, which is a good value as it means it would take MEG, 2.58 years of fcf income to pay off all of its debts.
  • MEG has a better Debt to FCF ratio (2.58) than 87.26% of its industry peers.
  • A Debt/Equity ratio of 0.22 indicates that MEG is not too dependend on debt financing.
  • MEG's Debt to Equity ratio of 0.22 is fine compared to the rest of the industry. MEG outperforms 62.74% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 2.58
Altman-Z 3.22
ROIC/WACC1.33
WACC7.55%
MEG.CA Yearly LT Debt VS Equity VS FCFMEG.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B 5B

2.3 Liquidity

  • A Current Ratio of 1.73 indicates that MEG should not have too much problems paying its short term obligations.
  • MEG has a better Current ratio (1.73) than 75.94% of its industry peers.
  • MEG has a Quick Ratio of 1.17. This is a normal value and indicates that MEG is financially healthy and should not expect problems in meeting its short term obligations.
  • MEG has a Quick ratio of 1.17. This is in the better half of the industry: MEG outperforms 67.92% of its industry peers.
Industry RankSector Rank
Current Ratio 1.73
Quick Ratio 1.17
MEG.CA Yearly Current Assets VS Current LiabilitesMEG.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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

5

3. MEG.CA Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 13.51% over the past year.
  • MEG shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 13.92% yearly.
  • MEG shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -22.02%.
  • Measured over the past years, MEG shows a small growth in Revenue. The Revenue has been growing by 5.55% on average per year.
EPS 1Y (TTM)13.51%
EPS 3Y25.99%
EPS 5Y13.92%
EPS Q2Q%0%
Revenue 1Y (TTM)-22.02%
Revenue growth 3Y6.02%
Revenue growth 5Y5.55%
Sales Q2Q%-6.64%

3.2 Future

  • The Earnings Per Share is expected to grow by 26.02% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, MEG will show a small growth in Revenue. The Revenue will grow by 5.72% on average per year.
EPS Next Y1.09%
EPS Next 2Y-8.37%
EPS Next 3Y4.57%
EPS Next 5Y26.02%
Revenue Next Year-5.5%
Revenue Next 2Y3.07%
Revenue Next 3Y5.27%
Revenue Next 5Y5.72%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
MEG.CA Yearly Revenue VS EstimatesMEG.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2B 4B 6B
MEG.CA Yearly EPS VS EstimatesMEG.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 2 -2 4 6

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4

4. MEG.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 14.71, the valuation of MEG can be described as correct.
  • Based on the Price/Earnings ratio, MEG is valued a bit cheaper than the industry average as 66.04% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 26.25. MEG is valued slightly cheaper when compared to this.
  • The Price/Forward Earnings ratio is 19.57, which indicates a rather expensive current valuation of MEG.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of MEG is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.39, MEG is valued at the same level.
Industry RankSector Rank
PE 14.71
Fwd PE 19.57
MEG.CA Price Earnings VS Forward Price EarningsMEG.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • 79.72% of the companies in the same industry are more expensive than MEG, based on the Enterprise Value to EBITDA ratio.
  • MEG's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. MEG is cheaper than 64.15% of the companies in the same industry.
Industry RankSector Rank
P/FCF 18.8
EV/EBITDA 6.87
MEG.CA Per share dataMEG.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • The excellent profitability rating of MEG may justify a higher PE ratio.
PEG (NY)13.55
PEG (5Y)1.06
EPS Next 2Y-8.37%
EPS Next 3Y4.57%

More info and screens

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

2

5. MEG.CA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.42%, MEG has a reasonable but not impressive dividend return.
  • MEG's Dividend Yield is comparable with the industry average which is at 4.17.
  • MEG's Dividend Yield is slightly below the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.42%

5.2 History

  • MEG is new to the dividend game and has less than 3 years of track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years1
MEG.CA Yearly Dividends per shareMEG.CA Yearly Dividends per shareYearly Dividends per share 2024 2025 0.1 0.2 0.3

5.3 Sustainability

  • MEG pays out 19.34% of its income as dividend. This is a sustainable payout ratio.
DP19.34%
EPS Next 2Y-8.37%
EPS Next 3Y4.57%
MEG.CA Yearly Income VS Free CF VS DividendMEG.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B
MEG.CA Dividend Payout.MEG.CA Dividend Payout, showing the Payout Ratio.MEG.CA Dividend Payout.PayoutRetained Earnings

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MEG.CA Fundamentals: All Metrics, Ratios and Statistics

MEG Energy Corp

TSX:MEG (11/14/2025, 7:00:00 PM)

30.89

+0.22 (+0.72%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-10
Earnings (Next)02-25
Inst Owners47.35%
Inst Owner ChangeN/A
Ins Owners0.51%
Ins Owner ChangeN/A
Market Cap7.86B
Revenue(TTM)4.25B
Net Income(TTM)543.00M
Analysts70.77
Price Target30.22 (-2.17%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.42%
Yearly Dividend0.1
Dividend Growth(5Y)N/A
DP19.34%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)52.46%
Min EPS beat(2)24.26%
Max EPS beat(2)80.65%
EPS beat(4)3
Avg EPS beat(4)22.54%
Min EPS beat(4)-34.35%
Max EPS beat(4)80.65%
EPS beat(8)3
Avg EPS beat(8)-2.68%
EPS beat(12)4
Avg EPS beat(12)-3.64%
EPS beat(16)6
Avg EPS beat(16)-0.57%
Revenue beat(2)1
Avg Revenue beat(2)-6.34%
Min Revenue beat(2)-13.03%
Max Revenue beat(2)0.34%
Revenue beat(4)2
Avg Revenue beat(4)-6.5%
Min Revenue beat(4)-16.34%
Max Revenue beat(4)3.01%
Revenue beat(8)5
Avg Revenue beat(8)3.61%
Revenue beat(12)7
Avg Revenue beat(12)3.44%
Revenue beat(16)10
Avg Revenue beat(16)3.55%
PT rev (1m)3.17%
PT rev (3m)3.74%
EPS NQ rev (1m)7.47%
EPS NQ rev (3m)7.47%
EPS NY rev (1m)0.55%
EPS NY rev (3m)1.3%
Revenue NQ rev (1m)-1.23%
Revenue NQ rev (3m)-1.23%
Revenue NY rev (1m)-0.41%
Revenue NY rev (3m)-1.42%
Valuation
Industry RankSector Rank
PE 14.71
Fwd PE 19.57
P/S 1.85
P/FCF 18.8
P/OCF 7.3
P/B 1.65
P/tB 1.65
EV/EBITDA 6.87
EPS(TTM)2.1
EY6.8%
EPS(NY)1.58
Fwd EY5.11%
FCF(TTM)1.64
FCFY5.32%
OCF(TTM)4.23
OCFY13.69%
SpS16.7
BVpS18.71
TBVpS18.7
PEG (NY)13.55
PEG (5Y)1.06
Graham Number29.73
Profitability
Industry RankSector Rank
ROA 7.78%
ROE 11.41%
ROCE 13.26%
ROIC 10.05%
ROICexc 10.25%
ROICexgc 10.26%
OM 20.16%
PM (TTM) 12.79%
GM 39.44%
FCFM 9.84%
ROA(3y)9.53%
ROA(5y)5.48%
ROE(3y)14.76%
ROE(5y)8.31%
ROIC(3y)13.52%
ROIC(5y)N/A
ROICexc(3y)13.9%
ROICexc(5y)N/A
ROICexgc(3y)13.91%
ROICexgc(5y)N/A
ROCE(3y)17.84%
ROCE(5y)N/A
ROICexgc growth 3Y0.59%
ROICexgc growth 5Y23.57%
ROICexc growth 3Y0.6%
ROICexc growth 5Y23.59%
OM growth 3Y-6.62%
OM growth 5Y13.34%
PM growth 3Y14.56%
PM growth 5YN/A
GM growth 3Y-3.24%
GM growth 5Y-0.34%
F-Score8
Asset Turnover0.61
Health
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 2.58
Debt/EBITDA 0.82
Cap/Depr 154.46%
Cap/Sales 15.49%
Interest Coverage 17.47
Cash Conversion 83.93%
Profit Quality 76.98%
Current Ratio 1.73
Quick Ratio 1.17
Altman-Z 3.22
F-Score8
WACC7.55%
ROIC/WACC1.33
Cap/Depr(3y)79.29%
Cap/Depr(5y)69.56%
Cap/Sales(3y)8.24%
Cap/Sales(5y)7.78%
Profit Quality(3y)160.67%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)13.51%
EPS 3Y25.99%
EPS 5Y13.92%
EPS Q2Q%0%
EPS Next Y1.09%
EPS Next 2Y-8.37%
EPS Next 3Y4.57%
EPS Next 5Y26.02%
Revenue 1Y (TTM)-22.02%
Revenue growth 3Y6.02%
Revenue growth 5Y5.55%
Sales Q2Q%-6.64%
Revenue Next Year-5.5%
Revenue Next 2Y3.07%
Revenue Next 3Y5.27%
Revenue Next 5Y5.72%
EBIT growth 1Y-0.12%
EBIT growth 3Y-1.01%
EBIT growth 5Y19.63%
EBIT Next Year60.45%
EBIT Next 3Y19.45%
EBIT Next 5Y13.54%
FCF growth 1Y-52.93%
FCF growth 3Y30.18%
FCF growth 5Y12.84%
OCF growth 1Y-19.64%
OCF growth 3Y24.76%
OCF growth 5Y16.26%

MEG Energy Corp / MEG.CA FAQ

What is the fundamental rating for MEG stock?

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


Can you provide the valuation status for MEG Energy Corp?

ChartMill assigns a valuation rating of 5 / 10 to MEG Energy Corp (MEG.CA). This can be considered as Fairly Valued.


What is the profitability of MEG stock?

MEG Energy Corp (MEG.CA) has a profitability rating of 8 / 10.


What is the financial health of MEG Energy Corp (MEG.CA) stock?

The financial health rating of MEG Energy Corp (MEG.CA) is 8 / 10.


What is the expected EPS growth for MEG Energy Corp (MEG.CA) stock?

The Earnings per Share (EPS) of MEG Energy Corp (MEG.CA) is expected to grow by 1.09% in the next year.