TOPAZ ENERGY CORP (TPZ.CA) Stock Fundamental Analysis

TSX:TPZ • CA89055A2039

31.81 CAD
+0.65 (+2.09%)
Last: Mar 2, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

TPZ gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 210 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and the financial health of TPZ get a neutral evaluation. Nothing too spectacular is happening here. 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. Profitability

1.1 Basic Checks

  • In the past year TPZ was profitable.
  • TPZ had a positive operating cash flow in the past year.
  • TPZ had positive earnings in each of the past 5 years.
  • 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

  • Looking at the Return On Assets, with a value of 3.04%, TPZ is in the better half of the industry, outperforming 63.81% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 4.62%, TPZ is in line with its industry, outperforming 58.57% of the companies in the same industry.
  • TPZ has a Return On Invested Capital (3.98%) which is comparable to the rest of the industry.
  • The Average Return On Invested Capital over the past 3 years 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

  • Looking at the Profit Margin, with a value of 16.94%, TPZ is in the better half of the industry, outperforming 79.52% of the companies in the same industry.
  • In the last couple of years the Profit Margin of TPZ has declined.
  • Looking at the Operating Margin, with a value of 30.96%, TPZ belongs to the top 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.
  • With an excellent Gross Margin value of 97.86%, TPZ belongs to the best 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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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

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.
  • TPZ has more shares outstanding than it did 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 4.57 indicates that TPZ is not in any danger for bankruptcy at the moment.
  • TPZ's Altman-Z score of 4.57 is amongst the best of the industry. TPZ outperforms 83.33% of its industry peers.
  • 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.
  • TPZ's Debt to FCF ratio of 1.58 is amongst the best of the industry. TPZ outperforms 90.00% of its industry peers.
  • 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 4.57
ROIC/WACC0.52
WACC7.64%
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

  • A Current Ratio of 0.67 indicates that TPZ may have some problems paying its short term obligations.
  • The Current ratio of TPZ (0.67) is comparable to the rest of the industry.
  • 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's Quick ratio of 0.67 is in line compared to the rest of the industry. TPZ outperforms 53.81% of its industry peers.
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. Growth

3.1 Past

  • TPZ shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -12.20%.
  • 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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in 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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Find the best growth stocksShow best growing peers

3

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 88.36, which means the current valuation is very expensive for TPZ.
  • Compared to the rest of the industry, the Price/Earnings ratio of TPZ is on the same level as its industry peers.
  • The average S&P500 Price/Earnings ratio is at 27.13. TPZ is valued rather expensively when compared to this.
  • TPZ is valuated quite expensively with a Price/Forward Earnings ratio of 50.58.
  • TPZ's Price/Forward Earnings ratio is in line with the industry average.
  • TPZ is valuated expensively when we compare the Price/Forward Earnings ratio to 28.11, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 88.36
Fwd PE 50.58
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.
  • TPZ's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. TPZ is cheaper than 79.05% of the companies in the same industry.
Industry RankSector Rank
P/FCF 15.35
EV/EBITDA 17.52
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)1.92
PEG (5Y)3.42
EPS Next 2Y42.43%
EPS Next 3Y40.7%

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

5

5. Dividend

5.1 Amount

  • TPZ has a Yearly Dividend Yield of 4.38%, which is a nice return.
  • Compared to an average industry Dividend Yield of 4.11, TPZ pays a bit more dividend than its industry peers.
  • TPZ's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
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

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Find the best dividend stocksShow peers with best dividend

TOPAZ ENERGY CORP

TSX:TPZ (3/2/2026, 7:00:00 PM)

31.81

+0.65 (+2.09%)

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 Cap4.90B
Revenue(TTM)331.96M
Net Income(TTM)56.23M
Analysts82.35
Price Target32.55 (2.33%)
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 88.36
Fwd PE 50.58
P/S 14.76
P/FCF 15.35
P/OCF 16.08
P/B 4.02
P/tB 4.02
EV/EBITDA 17.52
EPS(TTM)0.36
EY1.13%
EPS(NY)0.63
Fwd EY1.98%
FCF(TTM)2.07
FCFY6.51%
OCF(TTM)1.98
OCFY6.22%
SpS2.16
BVpS7.91
TBVpS7.91
PEG (NY)1.92
PEG (5Y)3.42
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 4.57
F-Score4
WACC7.64%
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.