TOPAZ ENERGY CORP (TPZ.CA) Fundamental Analysis & Valuation
TSX:TPZ • CA89055A2039
31.36 CAD
+0.34 (+1.1%)
Last: Mar 11, 2026, 07:00 PM
This TPZ.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Overall TPZ gets a fundamental rating of 7 out of 10. We evaluated TPZ against 212 industry peers in the Oil, Gas & Consumable Fuels industry. TPZ has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. TPZ is valued quite expensive, but it does show an excellent growth. These ratings would make TPZ suitable for growth and quality investing!
1. TPZ.CA Profitability Analysis
1.1 Basic Checks
- In the past year TPZ was profitable.
- In the past year TPZ had a positive cash flow from operations.
- Each year in the past 5 years TPZ has been profitable.
- TPZ had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- TPZ has a better Return On Assets (5.79%) than 85.38% of its industry peers.
- The Return On Equity of TPZ (8.47%) is better than 64.15% of its industry peers.
- TPZ has a better Return On Invested Capital (5.99%) than 79.25% of its industry peers.
- TPZ had an Average Return On Invested Capital over the past 3 years of 5.18%. This is in line with the industry average of 6.67%.
- The 3 year average ROIC (5.18%) for TPZ is below the current ROIC(5.99%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.79% | ||
| ROE | 8.47% | ||
| ROIC | 5.99% |
ROA(3y)4.48%
ROA(5y)4.11%
ROE(3y)6.33%
ROE(5y)5.67%
ROIC(3y)5.18%
ROIC(5y)4.7%
1.3 Margins
- With an excellent Profit Margin value of 38.26%, TPZ belongs to the best of the industry, outperforming 96.70% of the companies in the same industry.
- TPZ's Profit Margin has improved in the last couple of years.
- Looking at the Operating Margin, with a value of 52.45%, TPZ belongs to the top of the industry, outperforming 98.11% of the companies in the same industry.
- In the last couple of years the Operating Margin of TPZ has grown nicely.
- With an excellent Gross Margin value of 98.06%, TPZ belongs to the best of the industry, outperforming 99.53% of the companies in the same industry.
- TPZ's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 52.45% | ||
| PM (TTM) | 38.26% | ||
| GM | 98.06% |
OM growth 3Y10.49%
OM growth 5Y61.62%
PM growth 3Y12.49%
PM growth 5Y65.37%
GM growth 3Y-0.07%
GM growth 5Y0.47%
2. TPZ.CA Health Analysis
2.1 Basic Checks
- TPZ has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- The number of shares outstanding for TPZ has been increased compared to 1 year ago.
- The number of shares outstanding for TPZ has been increased compared to 5 years ago.
- TPZ has a worse debt/assets ratio than last year.
2.2 Solvency
- TPZ has an Altman-Z score of 4.36. This indicates that TPZ is financially healthy and has little risk of bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 4.36, TPZ belongs to the top of the industry, outperforming 82.08% of the companies in the same industry.
- The Debt to FCF ratio of TPZ is 1.88, which is an excellent value as it means it would take TPZ, only 1.88 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of TPZ (1.88) is better than 89.62% of its industry peers.
- TPZ has a Debt/Equity ratio of 0.38. This is a healthy value indicating a solid balance between debt and equity.
- Looking at the Debt to Equity ratio, with a value of 0.38, TPZ is in line with its industry, outperforming 58.02% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 1.88 | ||
| Altman-Z | 4.36 |
ROIC/WACC0.79
WACC7.6%
2.3 Liquidity
- A Current Ratio of 11.26 indicates that TPZ has no problem at all paying its short term obligations.
- The Current ratio of TPZ (11.26) is better than 92.92% of its industry peers.
- TPZ has a Quick Ratio of 11.26. This indicates that TPZ is financially healthy and has no problem in meeting its short term obligations.
- TPZ's Quick ratio of 11.26 is amongst the best of the industry. TPZ outperforms 92.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 11.26 | ||
| Quick Ratio | 11.26 |
3. TPZ.CA Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an impressive 74.19% over the past year.
- TPZ shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 94.44% yearly.
- The Revenue has been growing slightly by 7.72% in the past year.
- Measured over the past years, TPZ shows a very strong growth in Revenue. The Revenue has been growing by 27.50% on average per year.
EPS 1Y (TTM)74.19%
EPS 3Y-7.4%
EPS 5Y94.44%
EPS Q2Q%600%
Revenue 1Y (TTM)7.72%
Revenue growth 3Y-3.08%
Revenue growth 5Y27.5%
Sales Q2Q%5.52%
3.2 Future
- TPZ is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.51% yearly.
- TPZ is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.79% yearly.
EPS Next Y-0.12%
EPS Next 2Y14.87%
EPS Next 3Y18.51%
EPS Next 5YN/A
Revenue Next Year10.79%
Revenue Next 2Y10.8%
Revenue Next 3Y10.79%
Revenue Next 5YN/A
3.3 Evolution
- The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
- Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. TPZ.CA Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 58.07, TPZ can be considered very expensive at the moment.
- TPZ's Price/Earnings is on the same level as the industry average.
- TPZ's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.15.
- A Price/Forward Earnings ratio of 58.15 indicates a quite expensive valuation of TPZ.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of TPZ is on the same level as its industry peers.
- TPZ is valuated expensively when we compare the Price/Forward Earnings ratio to 24.27, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 58.07 | ||
| Fwd PE | 58.15 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TPZ is on the same level as its industry peers.
- 77.83% of the companies in the same industry are more expensive than TPZ, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.97 | ||
| EV/EBITDA | 17.22 |
4.3 Compensation for Growth
- The excellent profitability rating of TPZ may justify a higher PE ratio.
- A more expensive valuation may be justified as TPZ's earnings are expected to grow with 18.51% in the coming years.
PEG (NY)N/A
PEG (5Y)0.61
EPS Next 2Y14.87%
EPS Next 3Y18.51%
5. TPZ.CA Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 4.27%, TPZ is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 4.17, TPZ pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, TPZ pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.27% |
5.2 History
- TPZ has been paying a dividend for over 5 years, so it has already some track record.
- TPZ has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
- TPZ pays out 161.32% of its income as dividend. This is not a sustainable payout ratio.
DP161.32%
EPS Next 2Y14.87%
EPS Next 3Y18.51%
TPZ.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:TPZ (3/11/2026, 7:00:00 PM)
31.36
+0.34 (+1.1%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-24 2026-02-24/bmo
Earnings (Next)05-05 2026-05-05
Inst Owners38.68%
Inst Owner ChangeN/A
Ins Owners4.33%
Ins Owner ChangeN/A
Market Cap4.85B
Revenue(TTM)336.50M
Net Income(TTM)128.74M
Analysts82.35
Price Target32.55 (3.79%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.27% |
Yearly Dividend1.35
Dividend Growth(5Y)N/A
DP161.32%
Div Incr Years4
Div Non Decr Years4
Ex-Date03-13 2026-03-13 (0.34)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)52.35%
Min EPS beat(2)-4.63%
Max EPS beat(2)109.32%
EPS beat(4)2
Avg EPS beat(4)68.9%
Min EPS beat(4)-11.99%
Max EPS beat(4)182.89%
EPS beat(8)4
Avg EPS beat(8)39.31%
EPS beat(12)5
Avg EPS beat(12)29.03%
EPS beat(16)6
Avg EPS beat(16)19.97%
Revenue beat(2)0
Avg Revenue beat(2)-12.12%
Min Revenue beat(2)-13.27%
Max Revenue beat(2)-10.96%
Revenue beat(4)1
Avg Revenue beat(4)-6.5%
Min Revenue beat(4)-13.27%
Max Revenue beat(4)1.38%
Revenue beat(8)2
Avg Revenue beat(8)-5.06%
Revenue beat(12)4
Avg Revenue beat(12)-4.44%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0.04%
EPS NQ rev (1m)58.33%
EPS NQ rev (3m)58.33%
EPS NY rev (1m)-14.24%
EPS NY rev (3m)-18.35%
Revenue NQ rev (1m)-39.64%
Revenue NQ rev (3m)-39.64%
Revenue NY rev (1m)53.48%
Revenue NY rev (3m)53.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 58.07 | ||
| Fwd PE | 58.15 | ||
| P/S | 14.41 | ||
| P/FCF | 15.97 | ||
| P/OCF | 15.7 | ||
| P/B | 3.19 | ||
| P/tB | 3.19 | ||
| EV/EBITDA | 17.22 |
EPS(TTM)0.54
EY1.72%
EPS(NY)0.54
Fwd EY1.72%
FCF(TTM)1.96
FCFY6.26%
OCF(TTM)2
OCFY6.37%
SpS2.18
BVpS9.84
TBVpS9.84
PEG (NY)N/A
PEG (5Y)0.61
Graham Number10.93
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.79% | ||
| ROE | 8.47% | ||
| ROCE | 7.96% | ||
| ROIC | 5.99% | ||
| ROICexc | 5.99% | ||
| ROICexgc | 5.99% | ||
| OM | 52.45% | ||
| PM (TTM) | 38.26% | ||
| GM | 98.06% | ||
| FCFM | 90.19% |
ROA(3y)4.48%
ROA(5y)4.11%
ROE(3y)6.33%
ROE(5y)5.67%
ROIC(3y)5.18%
ROIC(5y)4.7%
ROICexc(3y)5.18%
ROICexc(5y)4.7%
ROICexgc(3y)5.18%
ROICexgc(5y)4.7%
ROCE(3y)6.88%
ROCE(5y)6.24%
ROICexgc growth 3Y0.49%
ROICexgc growth 5Y67.51%
ROICexc growth 3Y0.49%
ROICexc growth 5Y67.51%
OM growth 3Y10.49%
OM growth 5Y61.62%
PM growth 3Y12.49%
PM growth 5Y65.37%
GM growth 3Y-0.07%
GM growth 5Y0.47%
F-Score7
Asset Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 1.88 | ||
| Debt/EBITDA | 1.83 | ||
| Cap/Depr | 3.89% | ||
| Cap/Sales | 1.56% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 99.08% | ||
| Profit Quality | 235.74% | ||
| Current Ratio | 11.26 | ||
| Quick Ratio | 11.26 | ||
| Altman-Z | 4.36 |
F-Score7
WACC7.6%
ROIC/WACC0.79
Cap/Depr(3y)3.79%
Cap/Depr(5y)3%
Cap/Sales(3y)2.15%
Cap/Sales(5y)1.76%
Profit Quality(3y)368.02%
Profit Quality(5y)401.75%
High Growth Momentum
Growth
EPS 1Y (TTM)74.19%
EPS 3Y-7.4%
EPS 5Y94.44%
EPS Q2Q%600%
EPS Next Y-0.12%
EPS Next 2Y14.87%
EPS Next 3Y18.51%
EPS Next 5YN/A
Revenue 1Y (TTM)7.72%
Revenue growth 3Y-3.08%
Revenue growth 5Y27.5%
Sales Q2Q%5.52%
Revenue Next Year10.79%
Revenue Next 2Y10.8%
Revenue Next 3Y10.79%
Revenue Next 5YN/A
EBIT growth 1Y88.77%
EBIT growth 3Y7.08%
EBIT growth 5Y106.07%
EBIT Next Year3.66%
EBIT Next 3Y5.68%
EBIT Next 5YN/A
FCF growth 1Y12.85%
FCF growth 3Y-1.13%
FCF growth 5Y29.8%
OCF growth 1Y11.76%
OCF growth 3Y-0.97%
OCF growth 5Y29.85%
TOPAZ ENERGY CORP / TPZ.CA FAQ
What is the fundamental rating for TPZ stock?
ChartMill assigns a fundamental rating of 7 / 10 to TPZ.CA.
What is the valuation status of TOPAZ ENERGY CORP (TPZ.CA) stock?
ChartMill assigns a valuation rating of 3 / 10 to TOPAZ ENERGY CORP (TPZ.CA). This can be considered as Overvalued.
Can you provide the profitability details for TOPAZ ENERGY CORP?
TOPAZ ENERGY CORP (TPZ.CA) has a profitability rating of 8 / 10.
What is the financial health of TOPAZ ENERGY CORP (TPZ.CA) stock?
The financial health rating of TOPAZ ENERGY CORP (TPZ.CA) is 7 / 10.
What is the earnings growth outlook for TOPAZ ENERGY CORP?
The Earnings per Share (EPS) of TOPAZ ENERGY CORP (TPZ.CA) is expected to decline by -0.12% in the next year.