WHITECAP RESOURCES INC (WCP.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:WCP • CA96467A2002

12.29 CAD
-0.25 (-1.99%)
Last: Feb 5, 2026, 07:00 PM
Fundamental Rating

6

Taking everything into account, WCP scores 6 out of 10 in our fundamental rating. WCP was compared to 216 industry peers in the Oil, Gas & Consumable Fuels industry. While WCP has a great profitability rating, there are some minor concerns on its financial health. WCP has a decent growth rate and is not valued too expensively. Finally WCP also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • In the past year WCP was profitable.
  • WCP had a positive operating cash flow in the past year.
  • WCP had positive earnings in 4 of the past 5 years.
  • In the past 5 years WCP always reported a positive cash flow from operatings.
WCP.CA Yearly Net Income VS EBIT VS OCF VS FCFWCP.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B 2B

1.2 Ratios

  • With an excellent Return On Assets value of 4.79%, WCP belongs to the best of the industry, outperforming 83.80% of the companies in the same industry.
  • WCP has a Return On Equity of 8.35%. This is in the better half of the industry: WCP outperforms 64.81% of its industry peers.
  • WCP's Return On Invested Capital of 4.76% is fine compared to the rest of the industry. WCP outperforms 75.46% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for WCP is above the industry average of 6.50%.
  • The 3 year average ROIC (10.61%) for WCP is well above the current ROIC(4.76%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 4.79%
ROE 8.35%
ROIC 4.76%
ROA(3y)11.67%
ROA(5y)1.26%
ROE(3y)21.19%
ROE(5y)-14.8%
ROIC(3y)10.61%
ROIC(5y)8.44%
WCP.CA Yearly ROA, ROE, ROICWCP.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100 -150

1.3 Margins

  • With an excellent Profit Margin value of 20.18%, WCP belongs to the best of the industry, outperforming 81.94% of the companies in the same industry.
  • WCP's Profit Margin has declined in the last couple of years.
  • With an excellent Operating Margin value of 24.35%, WCP belongs to the best of the industry, outperforming 80.09% of the companies in the same industry.
  • WCP's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 72.69%, WCP belongs to the top of the industry, outperforming 91.20% of the companies in the same industry.
  • In the last couple of years the Gross Margin of WCP has remained more or less at the same level.
Industry RankSector Rank
OM 24.35%
PM (TTM) 20.18%
GM 72.69%
OM growth 3Y-8.71%
OM growth 5Y16.52%
PM growth 3Y-32.17%
PM growth 5YN/A
GM growth 3Y-0.79%
GM growth 5Y0.89%
WCP.CA Yearly Profit, Operating, Gross MarginsWCP.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100 -200

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4

2. Health

2.1 Basic Checks

  • WCP has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • WCP has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, WCP has more shares outstanding
  • The debt/assets ratio for WCP has been reduced compared to a year ago.
WCP.CA Yearly Shares OutstandingWCP.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M
WCP.CA Yearly Total Debt VS Total AssetsWCP.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

  • Based on the Altman-Z score of 1.61, we must say that WCP is in the distress zone and has some risk of bankruptcy.
  • With a decent Altman-Z score value of 1.61, WCP is doing good in the industry, outperforming 66.20% of the companies in the same industry.
  • The Debt to FCF ratio of WCP is 5.43, which is a neutral value as it means it would take WCP, 5.43 years of fcf income to pay off all of its debts.
  • WCP's Debt to FCF ratio of 5.43 is fine compared to the rest of the industry. WCP outperforms 76.85% of its industry peers.
  • A Debt/Equity ratio of 0.32 indicates that WCP is not too dependend on debt financing.
  • WCP's Debt to Equity ratio of 0.32 is fine compared to the rest of the industry. WCP outperforms 60.19% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.32
Debt/FCF 5.43
Altman-Z 1.61
ROIC/WACC0.62
WACC7.73%
WCP.CA Yearly LT Debt VS Equity VS FCFWCP.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B

2.3 Liquidity

  • WCP has a Current Ratio of 0.73. This is a bad value and indicates that WCP is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 0.73, WCP is in line with its industry, outperforming 46.30% of the companies in the same industry.
  • WCP has a Quick Ratio of 0.73. This is a bad value and indicates that WCP is not financially healthy enough and could expect problems in meeting its short term obligations.
  • WCP has a Quick ratio (0.73) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 0.73
Quick Ratio 0.73
WCP.CA Yearly Current Assets VS Current LiabilitesWCP.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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

6

3. Growth

3.1 Past

  • WCP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -19.86%.
  • WCP shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -21.33% yearly.
  • The Revenue has grown by 36.36% in the past year. This is a very strong growth!
  • Measured over the past years, WCP shows a very strong growth in Revenue. The Revenue has been growing by 25.03% on average per year.
EPS 1Y (TTM)-19.86%
EPS 3Y-21.33%
EPS 5YN/A
EPS Q2Q%-63.04%
Revenue 1Y (TTM)36.36%
Revenue growth 3Y13.58%
Revenue growth 5Y25.03%
Sales Q2Q%90.71%

3.2 Future

  • The Earnings Per Share is expected to decrease by -4.59% on average over the next years.
  • Based on estimates for the next years, WCP will show a quite strong growth in Revenue. The Revenue will grow by 18.60% on average per year.
EPS Next Y-31.88%
EPS Next 2Y-23.88%
EPS Next 3Y-10.04%
EPS Next 5Y-4.59%
Revenue Next Year55.79%
Revenue Next 2Y33.57%
Revenue Next 3Y22.21%
Revenue Next 5Y18.6%

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.
  • 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.
WCP.CA Yearly Revenue VS EstimatesWCP.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2B 4B 6B 8B
WCP.CA Yearly EPS VS EstimatesWCP.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 2 -2 -4

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6

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 10.50, the valuation of WCP can be described as very reasonable.
  • 73.61% of the companies in the same industry are more expensive than WCP, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 27.67, WCP is valued rather cheaply.
  • A Price/Forward Earnings ratio of 15.48 indicates a correct valuation of WCP.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of WCP indicates a somewhat cheap valuation: WCP is cheaper than 65.74% of the companies listed in the same industry.
  • WCP is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 27.20, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 10.5
Fwd PE 15.48
WCP.CA Price Earnings VS Forward Price EarningsWCP.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, WCP is valued a bit cheaper than 76.85% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of WCP indicates a somewhat cheap valuation: WCP is cheaper than 66.67% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 22.67
EV/EBITDA 7.47
WCP.CA Per share dataWCP.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

4.3 Compensation for Growth

  • WCP has an outstanding profitability rating, which may justify a higher PE ratio.
  • A cheap valuation may be justified as WCP's earnings are expected to decrease with -10.04% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-23.88%
EPS Next 3Y-10.04%

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

7

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 5.75%, WCP is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 3.01, WCP pays a better dividend. On top of this WCP pays more dividend than 83.80% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, WCP pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.75%

5.2 History

  • The dividend of WCP is nicely growing with an annual growth rate of 16.83%!
  • WCP has paid a dividend for at least 10 years, which is a reliable track record.
  • WCP has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)16.83%
Div Incr Years3
Div Non Decr Years3
WCP.CA Yearly Dividends per shareWCP.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6

5.3 Sustainability

  • 68.17% of the earnings are spent on dividend by WCP. This is not a sustainable payout ratio.
  • WCP's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP68.17%
EPS Next 2Y-23.88%
EPS Next 3Y-10.04%
WCP.CA Yearly Income VS Free CF VS DividendWCP.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B
WCP.CA Dividend Payout.WCP.CA Dividend Payout, showing the Payout Ratio.WCP.CA Dividend Payout.PayoutRetained Earnings

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WHITECAP RESOURCES INC

TSX:WCP (2/5/2026, 7:00:00 PM)

12.29

-0.25 (-1.99%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)10-22
Earnings (Next)02-25
Inst Owners23.89%
Inst Owner ChangeN/A
Ins Owners0.66%
Ins Owner ChangeN/A
Market Cap14.91B
Revenue(TTM)4.52B
Net Income(TTM)911.20M
Analysts83
Price Target13.91 (13.18%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.75%
Yearly Dividend0.73
Dividend Growth(5Y)16.83%
DP68.17%
Div Incr Years3
Div Non Decr Years3
Ex-Date01-30
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)36.94%
Min EPS beat(2)-20.61%
Max EPS beat(2)94.48%
EPS beat(4)2
Avg EPS beat(4)37.42%
Min EPS beat(4)-20.61%
Max EPS beat(4)94.48%
EPS beat(8)5
Avg EPS beat(8)20.26%
EPS beat(12)8
Avg EPS beat(12)17.19%
EPS beat(16)11
Avg EPS beat(16)15.15%
Revenue beat(2)1
Avg Revenue beat(2)0.55%
Min Revenue beat(2)-1.16%
Max Revenue beat(2)2.27%
Revenue beat(4)3
Avg Revenue beat(4)5.66%
Min Revenue beat(4)-1.16%
Max Revenue beat(4)15.36%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.24%
PT rev (3m)0.24%
EPS NQ rev (1m)-8.55%
EPS NQ rev (3m)-9.68%
EPS NY rev (1m)-5.97%
EPS NY rev (3m)-7.69%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.07%
Revenue NY rev (1m)0%
Revenue NY rev (3m)23.96%
Valuation
Industry RankSector Rank
PE 10.5
Fwd PE 15.48
P/S 3.3
P/FCF 22.67
P/OCF 6.54
P/B 1.37
P/tB 1.37
EV/EBITDA 7.47
EPS(TTM)1.17
EY9.52%
EPS(NY)0.79
Fwd EY6.46%
FCF(TTM)0.54
FCFY4.41%
OCF(TTM)1.88
OCFY15.29%
SpS3.72
BVpS9
TBVpS9
PEG (NY)N/A
PEG (5Y)N/A
Graham Number15.39
Profitability
Industry RankSector Rank
ROA 4.79%
ROE 8.35%
ROCE 6.28%
ROIC 4.76%
ROICexc 4.76%
ROICexgc 4.76%
OM 24.35%
PM (TTM) 20.18%
GM 72.69%
FCFM 14.57%
ROA(3y)11.67%
ROA(5y)1.26%
ROE(3y)21.19%
ROE(5y)-14.8%
ROIC(3y)10.61%
ROIC(5y)8.44%
ROICexc(3y)10.72%
ROICexc(5y)8.5%
ROICexgc(3y)10.72%
ROICexgc(5y)8.5%
ROCE(3y)14.01%
ROCE(5y)11.14%
ROICexgc growth 3Y-6.88%
ROICexgc growth 5Y30.36%
ROICexc growth 3Y-6.88%
ROICexc growth 5Y30.99%
OM growth 3Y-8.71%
OM growth 5Y16.52%
PM growth 3Y-32.17%
PM growth 5YN/A
GM growth 3Y-0.79%
GM growth 5Y0.89%
F-Score4
Asset Turnover0.24
Health
Industry RankSector Rank
Debt/Equity 0.32
Debt/FCF 5.43
Debt/EBITDA 1.4
Cap/Depr 114.64%
Cap/Sales 35.93%
Interest Coverage 13.09
Cash Conversion 90.67%
Profit Quality 72.2%
Current Ratio 0.73
Quick Ratio 0.73
Altman-Z 1.61
F-Score4
WACC7.73%
ROIC/WACC0.62
Cap/Depr(3y)110.9%
Cap/Depr(5y)98.28%
Cap/Sales(3y)28.87%
Cap/Sales(5y)27.2%
Profit Quality(3y)81.34%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-19.86%
EPS 3Y-21.33%
EPS 5YN/A
EPS Q2Q%-63.04%
EPS Next Y-31.88%
EPS Next 2Y-23.88%
EPS Next 3Y-10.04%
EPS Next 5Y-4.59%
Revenue 1Y (TTM)36.36%
Revenue growth 3Y13.58%
Revenue growth 5Y25.03%
Sales Q2Q%90.71%
Revenue Next Year55.79%
Revenue Next 2Y33.57%
Revenue Next 3Y22.21%
Revenue Next 5Y18.6%
EBIT growth 1Y13.32%
EBIT growth 3Y3.69%
EBIT growth 5Y45.69%
EBIT Next Year43.05%
EBIT Next 3Y24.61%
EBIT Next 5Y13.67%
FCF growth 1Y-25.85%
FCF growth 3Y7.24%
FCF growth 5Y24.02%
OCF growth 1Y25.17%
OCF growth 3Y17.71%
OCF growth 5Y23.22%

WHITECAP RESOURCES INC / WCP.CA FAQ

Can you provide the ChartMill fundamental rating for WHITECAP RESOURCES INC?

ChartMill assigns a fundamental rating of 6 / 10 to WCP.CA.


Can you provide the valuation status for WHITECAP RESOURCES INC?

ChartMill assigns a valuation rating of 6 / 10 to WHITECAP RESOURCES INC (WCP.CA). This can be considered as Fairly Valued.


Can you provide the profitability details for WHITECAP RESOURCES INC?

WHITECAP RESOURCES INC (WCP.CA) has a profitability rating of 8 / 10.


What is the earnings growth outlook for WHITECAP RESOURCES INC?

The Earnings per Share (EPS) of WHITECAP RESOURCES INC (WCP.CA) is expected to decline by -31.88% in the next year.


How sustainable is the dividend of WHITECAP RESOURCES INC (WCP.CA) stock?

The dividend rating of WHITECAP RESOURCES INC (WCP.CA) is 7 / 10 and the dividend payout ratio is 68.17%.