TOPAZ ENERGY CORP (TPZ.CA) Stock Fundamental Analysis

TSX:TPZ • CA89055A2039

30.59 CAD
+0.38 (+1.26%)
Last: Feb 24, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to TPZ. TPZ was compared to 212 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 is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • TPZ had positive earnings in the past year.
  • In the past year TPZ had a positive cash flow from operations.
  • TPZ had positive earnings in each of the past 5 years.
  • In the past 5 years TPZ always reported a positive cash flow from operatings.
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

  • The Return On Assets of TPZ (3.04%) is better than 69.34% of its industry peers.
  • With a Return On Equity value of 4.62%, TPZ perfoms like the industry average, outperforming 58.96% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 3.98%, TPZ is in the better half of the industry, outperforming 61.32% of the companies in the same industry.
  • TPZ had an Average Return On Invested Capital over the past 3 years of 4.11%. This is below the industry average of 6.59%.
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

  • The Profit Margin of TPZ (16.94%) is better than 79.72% of its industry peers.
  • TPZ's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 30.96%, TPZ belongs to the top of the industry, outperforming 86.32% of the companies in the same industry.
  • TPZ's Operating Margin has improved in the last couple of years.
  • TPZ has a Gross Margin of 97.86%. This is amongst the best in the industry. TPZ outperforms 99.53% of its industry peers.
  • TPZ's Gross Margin has been stable in the last couple of years.
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

  • 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.
  • The number of shares outstanding for TPZ has been increased compared to 5 years ago.
  • Compared to 1 year ago, TPZ has a worse debt to assets ratio.
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

  • TPZ has an Altman-Z score of 4.39. This indicates that TPZ is financially healthy and has little risk of bankruptcy at the moment.
  • TPZ's Altman-Z score of 4.39 is amongst the best of the industry. TPZ outperforms 82.08% 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.
  • Looking at the Debt to FCF ratio, with a value of 1.58, TPZ belongs to the top of the industry, outperforming 90.09% 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.
  • The Debt to Equity ratio of TPZ (0.41) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.41
Debt/FCF 1.58
Altman-Z 4.39
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

  • 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.
  • A Quick Ratio of 0.67 indicates that TPZ may have some problems paying 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

5

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%.
  • The Earnings Per Share has been growing by 25.82% on average over the past years. This is a very strong growth
  • TPZ shows a small growth in Revenue. In the last year, the Revenue has grown by 6.06%.
  • Measured over the past years, TPZ shows a very strong growth in Revenue. The Revenue has been growing by 85.61% on average per year.
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

  • TPZ is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 40.70% yearly.
  • The Revenue is expected to decrease by -9.19% on average over the next years.
EPS Next Y45.96%
EPS Next 2Y42.43%
EPS Next 3Y40.7%
EPS Next 5YN/A
Revenue Next Year-24.58%
Revenue Next 2Y-11.45%
Revenue Next 3Y-9.19%
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last 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
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. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 84.97 indicates a quite expensive valuation of TPZ.
  • The rest of the industry has a similar Price/Earnings ratio as TPZ.
  • When comparing the Price/Earnings ratio of TPZ to the average of the S&P500 Index (26.98), we can say TPZ is valued expensively.
  • Based on the Price/Forward Earnings ratio of 48.64, the valuation of TPZ can be described as expensive.
  • The rest of the industry has a similar Price/Forward Earnings ratio as TPZ.
  • When comparing the Price/Forward Earnings ratio of TPZ to the average of the S&P500 Index (28.01), we can say TPZ is valued expensively.
Industry RankSector Rank
PE 84.97
Fwd PE 48.64
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 the industry average as 76.89% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 14.76
EV/EBITDA 16.91
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.
  • The decent profitability rating of TPZ 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)1.85
PEG (5Y)3.29
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 4.73%, which is a nice return.
  • TPZ's Dividend Yield is a higher than the industry average which is at 3.99.
  • TPZ's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 4.73%

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

  • TPZ pays out 151.37% of its income as dividend. 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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TOPAZ ENERGY CORP

TSX:TPZ (2/24/2026, 7:00:00 PM)

30.59

+0.38 (+1.26%)

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 Cap4.71B
Revenue(TTM)331.96M
Net Income(TTM)56.23M
Analysts82.35
Price Target32.55 (6.41%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.73%
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)0%
Revenue NY rev (3m)-33.02%
Valuation
Industry RankSector Rank
PE 84.97
Fwd PE 48.64
P/S 14.19
P/FCF 14.76
P/OCF 15.47
P/B 3.87
P/tB 3.87
EV/EBITDA 16.91
EPS(TTM)0.36
EY1.18%
EPS(NY)0.63
Fwd EY2.06%
FCF(TTM)2.07
FCFY6.77%
OCF(TTM)1.98
OCFY6.47%
SpS2.16
BVpS7.91
TBVpS7.91
PEG (NY)1.85
PEG (5Y)3.29
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 4.39
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 Year-24.58%
Revenue Next 2Y-11.45%
Revenue Next 3Y-9.19%
Revenue Next 5YN/A
EBIT growth 1Y9.8%
EBIT growth 3Y29.11%
EBIT growth 5Y176.36%
EBIT Next Year2.75%
EBIT Next 3Y8.76%
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.