TOPAZ ENERGY CORP (TPZ.CA) Fundamental Analysis & Valuation

TSX:TPZ • CA89055A2039

31.29 CAD
-0.52 (-1.63%)
Last: Mar 4, 2026, 07:00 PM
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This TPZ.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to TPZ. TPZ was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. TPZ has an average financial health and profitability rating. TPZ shows excellent growth, but is valued quite expensive already. These ratings would make TPZ suitable for growth investing!


Dividend Valuation Growth Profitability Health

6

1. TPZ.CA Profitability Analysis

1.1 Basic Checks

  • TPZ had positive earnings in the past year.
  • 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.
TPZ.CA Yearly Net Income VS EBIT VS OCF VS FCFTPZ.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 2024 0 100M -100M 200M 300M

1.2 Ratios

  • TPZ has a Return On Assets of 3.04%. This is in the better half of the industry: TPZ outperforms 63.81% of its industry peers.
  • With a Return On Equity value of 4.62%, TPZ perfoms like the industry average, outperforming 58.57% of the companies in the same industry.
  • With a Return On Invested Capital value of 3.98%, TPZ perfoms like the industry average, outperforming 59.05% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for TPZ is below the industry average of 6.66%.
Industry RankSector Rank
ROA 3.04%
ROE 4.62%
ROIC 3.98%
ROA(3y)3.58%
ROA(5y)2.55%
ROE(3y)4.88%
ROE(5y)3.41%
ROIC(3y)4.11%
ROIC(5y)2.9%
TPZ.CA Yearly ROA, ROE, ROICTPZ.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 2 4 6

1.3 Margins

  • TPZ has a Profit Margin of 16.94%. This is in the better half of the industry: TPZ outperforms 79.52% of its industry peers.
  • TPZ's Profit Margin has declined in the last couple of years.
  • With an excellent Operating Margin value of 30.96%, TPZ belongs to the best of the industry, outperforming 86.19% of the companies in the same industry.
  • In the last couple of years the Operating Margin of TPZ has grown nicely.
  • Looking at the Gross Margin, with a value of 97.86%, TPZ belongs to the top of the industry, outperforming 99.52% of the companies in the same industry.
  • In the last couple of years the Gross Margin of TPZ has remained more or less at the same level.
Industry RankSector Rank
OM 30.96%
PM (TTM) 16.94%
GM 97.86%
OM growth 3Y13.38%
OM growth 5Y48.89%
PM growth 3Y4.45%
PM growth 5Y-19.19%
GM growth 3Y-0.12%
GM growth 5Y0.21%
TPZ.CA Yearly Profit, Operating, Gross MarginsTPZ.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 20 40 60 80

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5

2. TPZ.CA Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TPZ is destroying value.
  • The number of shares outstanding for TPZ has been increased compared to 1 year ago.
  • TPZ has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for TPZ is higher compared to a year ago.
TPZ.CA Yearly Shares OutstandingTPZ.CA Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 50M 100M 150M
TPZ.CA Yearly Total Debt VS Total AssetsTPZ.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

  • An Altman-Z score of 4.49 indicates that TPZ is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 4.49, TPZ belongs to the top of the industry, outperforming 82.86% of the companies in the same industry.
  • TPZ has a debt to FCF ratio of 1.58. This is a very positive value and a sign of high solvency as it would only need 1.58 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 1.58, TPZ belongs to the top of the industry, outperforming 90.00% of the companies in the same industry.
  • TPZ has a Debt/Equity ratio of 0.41. This is a healthy value indicating a solid balance between debt and equity.
  • TPZ's Debt to Equity ratio of 0.41 is in line compared to the rest of the industry. TPZ outperforms 53.81% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.41
Debt/FCF 1.58
Altman-Z 4.49
ROIC/WACC0.52
WACC7.63%
TPZ.CA Yearly LT Debt VS Equity VS FCFTPZ.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 2024 0 500M 1B

2.3 Liquidity

  • TPZ has a Current Ratio of 0.67. This is a bad value and indicates that TPZ is not financially healthy enough and could expect problems in meeting its short term obligations.
  • TPZ's Current ratio of 0.67 is in line compared to the rest of the industry. TPZ outperforms 52.38% of its industry peers.
  • TPZ has a Quick Ratio of 0.67. This is a bad value and indicates that TPZ is not financially healthy enough and could expect problems in meeting its short term obligations.
  • TPZ has a Quick ratio (0.67) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.67
Quick Ratio 0.67
TPZ.CA Yearly Current Assets VS Current LiabilitesTPZ.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

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

7

3. TPZ.CA Growth Analysis

3.1 Past

  • The earnings per share for TPZ have decreased strongly by -12.20% in the last year.
  • TPZ shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 25.82% yearly.
  • Looking at the last year, TPZ shows a small growth in Revenue. The Revenue has grown by 6.06% in the last year.
  • The Revenue has been growing by 85.61% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-12.2%
EPS 3Y12.11%
EPS 5Y25.82%
EPS Q2Q%-41.67%
Revenue 1Y (TTM)6.06%
Revenue growth 3Y13.88%
Revenue growth 5Y85.61%
Sales Q2Q%3.87%

3.2 Future

  • The Earnings Per Share is expected to grow by 40.70% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, TPZ will show a quite strong growth in Revenue. The Revenue will grow by 12.05% on average per year.
EPS Next Y45.96%
EPS Next 2Y42.43%
EPS Next 3Y40.7%
EPS Next 5YN/A
Revenue Next Year8.62%
Revenue Next 2Y12.68%
Revenue Next 3Y12.05%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last 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.
TPZ.CA Yearly Revenue VS EstimatesTPZ.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M 400M
TPZ.CA Yearly EPS VS EstimatesTPZ.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 0 0.2 0.4 0.6 0.8

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3

4. TPZ.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 86.92, TPZ can be considered very expensive at the moment.
  • TPZ's Price/Earnings is on the same level as the industry average.
  • When comparing the Price/Earnings ratio of TPZ to the average of the S&P500 Index (27.03), we can say TPZ is valued expensively.
  • TPZ is valuated quite expensively with a Price/Forward Earnings ratio of 49.75.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of TPZ is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 25.11, TPZ is valued quite expensively.
Industry RankSector Rank
PE 86.92
Fwd PE 49.75
TPZ.CA Price Earnings VS Forward Price EarningsTPZ.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • TPZ's Enterprise Value to EBITDA ratio is in line with the industry average.
  • Based on the Price/Free Cash Flow ratio, TPZ is valued a bit cheaper than 79.52% of the companies in the same industry.
Industry RankSector Rank
P/FCF 15.1
EV/EBITDA 17.26
TPZ.CA Per share dataTPZ.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates TPZ does not grow enough to justify the current Price/Earnings ratio.
  • TPZ has a very decent profitability rating, which may justify a higher PE ratio.
  • TPZ's earnings are expected to grow with 40.70% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.89
PEG (5Y)3.37
EPS Next 2Y42.43%
EPS Next 3Y40.7%

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

5

5. TPZ.CA Dividend Analysis

5.1 Amount

  • TPZ has a Yearly Dividend Yield of 4.38%, which is a nice return.
  • TPZ's Dividend Yield is a higher than the industry average which is at 4.11.
  • Compared to an average S&P500 Dividend Yield of 1.82, TPZ pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.38%

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
TPZ.CA Yearly Dividends per shareTPZ.CA Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • 151.37% of the earnings are spent on dividend by TPZ. This is not a sustainable payout ratio.
DP151.37%
EPS Next 2Y42.43%
EPS Next 3Y40.7%
TPZ.CA Yearly Income VS Free CF VS DividendTPZ.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2019 2020 2021 2022 2023 2024 0 100M -100M 200M 300M
TPZ.CA Dividend Payout.TPZ.CA Dividend Payout, showing the Payout Ratio.TPZ.CA Dividend Payout.PayoutRetained Earnings

More info and screens

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TPZ.CA Fundamentals: All Metrics, Ratios and Statistics

TOPAZ ENERGY CORP

TSX:TPZ (3/4/2026, 7:00:00 PM)

31.29

-0.52 (-1.63%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-03
Earnings (Next)03-03
Inst Owners35.52%
Inst Owner ChangeN/A
Ins Owners4.24%
Ins Owner ChangeN/A
Market Cap4.82B
Revenue(TTM)331.96M
Net Income(TTM)56.23M
Analysts82.35
Price Target32.55 (4.03%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.38%
Yearly Dividend1.28
Dividend Growth(5Y)N/A
DP151.37%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)89.13%
Min EPS beat(2)-4.63%
Max EPS beat(2)182.89%
EPS beat(4)1
Avg EPS beat(4)24.64%
Min EPS beat(4)-67.71%
Max EPS beat(4)182.89%
EPS beat(8)4
Avg EPS beat(8)42.4%
EPS beat(12)4
Avg EPS beat(12)18.05%
EPS beat(16)5
Avg EPS beat(16)12.07%
Revenue beat(2)0
Avg Revenue beat(2)-7.05%
Min Revenue beat(2)-10.96%
Max Revenue beat(2)-3.15%
Revenue beat(4)1
Avg Revenue beat(4)-4.53%
Min Revenue beat(4)-10.96%
Max Revenue beat(4)1.38%
Revenue beat(8)3
Avg Revenue beat(8)-2.93%
Revenue beat(12)5
Avg Revenue beat(12)-0.59%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-0.48%
PT rev (3m)0.04%
EPS NQ rev (1m)-5.1%
EPS NQ rev (3m)2.4%
EPS NY rev (1m)0%
EPS NY rev (3m)6.5%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)44.01%
Revenue NY rev (3m)-3.54%
Valuation
Industry RankSector Rank
PE 86.92
Fwd PE 49.75
P/S 14.51
P/FCF 15.1
P/OCF 15.82
P/B 3.96
P/tB 3.96
EV/EBITDA 17.26
EPS(TTM)0.36
EY1.15%
EPS(NY)0.63
Fwd EY2.01%
FCF(TTM)2.07
FCFY6.62%
OCF(TTM)1.98
OCFY6.32%
SpS2.16
BVpS7.91
TBVpS7.91
PEG (NY)1.89
PEG (5Y)3.37
Graham Number8
Profitability
Industry RankSector Rank
ROA 3.04%
ROE 4.62%
ROCE 5.82%
ROIC 3.98%
ROICexc 3.98%
ROICexgc 3.98%
OM 30.96%
PM (TTM) 16.94%
GM 97.86%
FCFM 96.11%
ROA(3y)3.58%
ROA(5y)2.55%
ROE(3y)4.88%
ROE(5y)3.41%
ROIC(3y)4.11%
ROIC(5y)2.9%
ROICexc(3y)4.11%
ROICexc(5y)2.92%
ROICexgc(3y)4.11%
ROICexgc(5y)2.92%
ROCE(3y)6.01%
ROCE(5y)4.24%
ROICexgc growth 3Y22.47%
ROICexgc growth 5Y125.99%
ROICexc growth 3Y22.47%
ROICexc growth 5Y125.99%
OM growth 3Y13.38%
OM growth 5Y48.89%
PM growth 3Y4.45%
PM growth 5Y-19.19%
GM growth 3Y-0.12%
GM growth 5Y0.21%
F-Score4
Asset Turnover0.18
Health
Industry RankSector Rank
Debt/Equity 0.41
Debt/FCF 1.58
Debt/EBITDA 1.64
Cap/Depr 7.05%
Cap/Sales 4.37%
Interest Coverage 250
Cash Conversion 98.75%
Profit Quality 567.4%
Current Ratio 0.67
Quick Ratio 0.67
Altman-Z 4.49
F-Score4
WACC7.63%
ROIC/WACC0.52
Cap/Depr(3y)3.1%
Cap/Depr(5y)2.51%
Cap/Sales(3y)1.97%
Cap/Sales(5y)1.7%
Profit Quality(3y)503.21%
Profit Quality(5y)952.85%
High Growth Momentum
Growth
EPS 1Y (TTM)-12.2%
EPS 3Y12.11%
EPS 5Y25.82%
EPS Q2Q%-41.67%
EPS Next Y45.96%
EPS Next 2Y42.43%
EPS Next 3Y40.7%
EPS Next 5YN/A
Revenue 1Y (TTM)6.06%
Revenue growth 3Y13.88%
Revenue growth 5Y85.61%
Sales Q2Q%3.87%
Revenue Next Year8.62%
Revenue Next 2Y12.68%
Revenue Next 3Y12.05%
Revenue Next 5YN/A
EBIT growth 1Y9.8%
EBIT growth 3Y29.11%
EBIT growth 5Y176.36%
EBIT Next Year2.27%
EBIT Next 3Y5.64%
EBIT Next 5YN/A
FCF growth 1Y10.68%
FCF growth 3Y18.35%
FCF growth 5YN/A
OCF growth 1Y3.81%
OCF growth 3Y18.74%
OCF growth 5Y79.71%

TOPAZ ENERGY CORP / TPZ.CA FAQ

What is the fundamental rating for TPZ stock?

ChartMill assigns a fundamental rating of 5 / 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 6 / 10.


What is the financial health of TOPAZ ENERGY CORP (TPZ.CA) stock?

The financial health rating of TOPAZ ENERGY CORP (TPZ.CA) is 5 / 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 grow by 45.96% in the next year.