TOPAZ ENERGY CORP (TPZ.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:TPZ • CA89055A2039

28.79 CAD
+0.19 (+0.66%)
Last: Feb 4, 2026, 07:00 PM
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to TPZ. TPZ was compared to 216 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 not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • TPZ had positive earnings in the past year.
  • TPZ had a positive operating cash flow in the past year.
  • 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

  • The Return On Assets of TPZ (3.04%) is better than 74.07% of its industry peers.
  • TPZ has a Return On Equity of 4.62%. This is comparable to the rest of the industry: TPZ outperforms 58.80% of its industry peers.
  • TPZ has a Return On Invested Capital of 3.98%. This is in the better half of the industry: TPZ outperforms 63.43% of its industry peers.
  • TPZ had an Average Return On Invested Capital over the past 3 years of 4.11%. This is below the industry average of 6.50%.
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 79.17% 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 86.11% of the companies in the same industry.
  • TPZ's Operating Margin has improved in the last couple of years.
  • The Gross Margin of TPZ (97.86%) is better than 99.54% of its industry peers.
  • 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.
  • 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.
  • 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

  • TPZ has an Altman-Z score of 4.12. 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 4.12, TPZ belongs to the top of the industry, outperforming 82.41% of the companies in the same industry.
  • The Debt to FCF ratio of TPZ is 1.58, which is an excellent value as it means it would take TPZ, only 1.58 years of fcf income to pay off all of its debts.
  • TPZ's Debt to FCF ratio of 1.58 is amongst the best of the industry. TPZ outperforms 89.35% 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 54.17% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.41
Debt/FCF 1.58
Altman-Z 4.12
ROIC/WACC0.52
WACC7.59%
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.
  • With a Current ratio value of 0.67, TPZ perfoms like the industry average, outperforming 44.44% of the companies in the same 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 45.83% 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

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%.
  • Measured over the past years, TPZ shows a very strong growth in Earnings Per Share. The EPS has been growing by 25.82% on average per year.
  • The Revenue has been growing slightly by 6.06% in the past 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

  • TPZ is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 40.70% yearly.
  • TPZ is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -9.19% yearly.
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

  • 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 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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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • TPZ is valuated quite expensively with a Price/Earnings ratio of 79.97.
  • Compared to the rest of the industry, the Price/Earnings ratio of TPZ is on the same level as its industry peers.
  • When comparing the Price/Earnings ratio of TPZ to the average of the S&P500 Index (28.25), we can say TPZ is valued expensively.
  • A Price/Forward Earnings ratio of 45.78 indicates a quite expensive valuation of TPZ.
  • TPZ's Price/Forward Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 27.50. TPZ is valued rather expensively when compared to this.
Industry RankSector Rank
PE 79.97
Fwd PE 45.78
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

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.
  • Based on the Price/Free Cash Flow ratio, TPZ is valued a bit cheaper than 71.30% of the companies in the same industry.
Industry RankSector Rank
P/FCF 13.88
EV/EBITDA 16
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

  • TPZ's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent 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 40.70% in the coming years.
PEG (NY)1.74
PEG (5Y)3.1
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

  • With a Yearly Dividend Yield of 4.64%, TPZ is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 3.01, 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 4.64%

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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TOPAZ ENERGY CORP

TSX:TPZ (2/4/2026, 7:00:00 PM)

28.79

+0.19 (+0.66%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-03
Earnings (Next)02-23
Inst Owners35.52%
Inst Owner ChangeN/A
Ins Owners4.24%
Ins Owner ChangeN/A
Market Cap4.43B
Revenue(TTM)331.96M
Net Income(TTM)56.23M
Analysts82.35
Price Target32.7 (13.58%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.64%
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)0.52%
PT rev (3m)1.62%
EPS NQ rev (1m)7.91%
EPS NQ rev (3m)12.55%
EPS NY rev (1m)0%
EPS NY rev (3m)-11.37%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.13%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-32.06%
Valuation
Industry RankSector Rank
PE 79.97
Fwd PE 45.78
P/S 13.34
P/FCF 13.88
P/OCF 14.54
P/B 3.64
P/tB 3.64
EV/EBITDA 16
EPS(TTM)0.36
EY1.25%
EPS(NY)0.63
Fwd EY2.18%
FCF(TTM)2.07
FCFY7.2%
OCF(TTM)1.98
OCFY6.88%
SpS2.16
BVpS7.92
TBVpS7.92
PEG (NY)1.74
PEG (5Y)3.1
Graham Number8.01
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 4.12
F-Score4
WACC7.59%
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 4 / 10 to TOPAZ ENERGY CORP (TPZ.CA). This can be considered as Fairly Valued.


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.