WHITECAP RESOURCES INC (WCP.CA) Fundamental Analysis & Valuation
TSX:WCP • CA96467A2002
13.58 CAD
-0.13 (-0.95%)
Last: Mar 3, 2026, 07:00 PM
This WCP.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Overall WCP gets a fundamental rating of 5 out of 10. We evaluated WCP against 210 industry peers in the Oil, Gas & Consumable Fuels industry. While WCP belongs to the best of the industry regarding profitability, there are concerns on its financial health. WCP has a correct valuation and a medium growth rate. WCP also has an excellent dividend rating.
1. WCP.CA Profitability Analysis
1.1 Basic Checks
- WCP had positive earnings in the past year.
- WCP had a positive operating cash flow in the past year.
- In the past 5 years WCP has always been profitable.
- WCP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- WCP's Return On Assets of 5.10% is amongst the best of the industry. WCP outperforms 84.76% of its industry peers.
- WCP's Return On Equity of 8.95% is fine compared to the rest of the industry. WCP outperforms 66.67% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 5.01%, WCP is in the better half of the industry, outperforming 72.38% of the companies in the same industry.
- WCP had an Average Return On Invested Capital over the past 3 years of 7.07%. This is in line with the industry average of 6.66%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.1% | ||
| ROE | 8.95% | ||
| ROIC | 5.01% |
ROA(3y)7.51%
ROA(5y)13.19%
ROE(3y)13.1%
ROE(5y)24%
ROIC(3y)7.07%
ROIC(5y)9.29%
1.3 Margins
- WCP has a better Profit Margin (19.05%) than 82.38% of its industry peers.
- In the last couple of years the Profit Margin of WCP has declined.
- WCP has a Operating Margin of 22.76%. This is in the better half of the industry: WCP outperforms 79.05% of its industry peers.
- In the last couple of years the Operating Margin of WCP has grown nicely.
- Looking at the Gross Margin, with a value of 72.18%, WCP belongs to the top of the industry, outperforming 90.95% of the companies in the same industry.
- In the last couple of years the Gross Margin of WCP has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.76% | ||
| PM (TTM) | 19.05% | ||
| GM | 72.18% |
OM growth 3Y-20.74%
OM growth 5Y70%
PM growth 3Y-23.64%
PM growth 5YN/A
GM growth 3Y-3.55%
GM growth 5Y2.81%
2. WCP.CA Health Analysis
2.1 Basic Checks
- WCP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- Compared to 1 year ago, WCP has more shares outstanding
- Compared to 5 years ago, WCP has more shares outstanding
- Compared to 1 year ago, WCP has a worse debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 1.72, we must say that WCP is in the distress zone and has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 1.72, WCP is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
- WCP has a debt to FCF ratio of 6.18. This is a slightly negative value and a sign of low solvency as WCP would need 6.18 years to pay back of all of its debts.
- WCP has a Debt to FCF ratio of 6.18. This is in the better half of the industry: WCP outperforms 77.62% of its industry peers.
- A Debt/Equity ratio of 0.32 indicates that WCP is not too dependend on debt financing.
- The Debt to Equity ratio of WCP (0.32) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.18 | ||
| Altman-Z | 1.72 |
ROIC/WACC0.66
WACC7.53%
2.3 Liquidity
- WCP has a Current Ratio of 0.70. This is a bad value and indicates that WCP is not financially healthy enough and could expect problems in meeting its short term obligations.
- With a Current ratio value of 0.70, WCP perfoms like the industry average, outperforming 54.29% of the companies in the same industry.
- WCP has a Quick Ratio of 0.70. 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's Quick ratio of 0.70 is in line compared to the rest of the industry. WCP outperforms 56.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.7 |
3. WCP.CA Growth Analysis
3.1 Past
- The earnings per share for WCP have decreased strongly by -24.87% in the last year.
- The earnings per share for WCP have been decreasing by -28.48% on average. This is quite bad
- Looking at the last year, WCP shows a very strong growth in Revenue. The Revenue has grown by 54.88%.
- WCP shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 44.84% yearly.
EPS 1Y (TTM)-24.87%
EPS 3Y-28.48%
EPS 5YN/A
EPS Q2Q%-36.43%
Revenue 1Y (TTM)54.88%
Revenue growth 3Y9.68%
Revenue growth 5Y44.84%
Sales Q2Q%76.64%
3.2 Future
- WCP is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.96% yearly.
- WCP is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.15% yearly.
EPS Next Y-14.94%
EPS Next 2Y3.38%
EPS Next 3Y4.62%
EPS Next 5Y3.96%
Revenue Next Year11.51%
Revenue Next 2Y8.4%
Revenue Next 3Y15.37%
Revenue Next 5Y10.15%
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.
4. WCP.CA Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 13.31 indicates a correct valuation of WCP.
- Based on the Price/Earnings ratio, WCP is valued a bit cheaper than 71.90% of the companies in the same industry.
- When comparing the Price/Earnings ratio of WCP to the average of the S&P500 Index (26.83), we can say WCP is valued rather cheaply.
- With a Price/Forward Earnings ratio of 17.11, WCP is valued on the expensive side.
- 67.14% of the companies in the same industry are more expensive than WCP, based on the Price/Forward Earnings ratio.
- When comparing the Price/Forward Earnings ratio of WCP to the average of the S&P500 Index (24.95), we can say WCP is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.31 | ||
| Fwd PE | 17.11 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, WCP is valued cheaper than 84.76% of the companies in the same industry.
- WCP's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. WCP is cheaper than 67.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.05 | ||
| EV/EBITDA | 7 |
4.3 Compensation for Growth
- WCP has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y3.38%
EPS Next 3Y4.62%
5. WCP.CA Dividend Analysis
5.1 Amount
- WCP has a Yearly Dividend Yield of 5.75%, which is a nice return.
- Compared to an average industry Dividend Yield of 4.11, WCP pays a better dividend. On top of this WCP pays more dividend than 82.86% 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 Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.75% |
5.2 History
- On average, the dividend of WCP grows each year by 30.81%, which is quite nice.
- 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)30.81%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
- WCP pays out 74.70% of its income as dividend. This is not a sustainable payout ratio.
- The dividend of WCP is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP74.7%
EPS Next 2Y3.38%
EPS Next 3Y4.62%
WCP.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:WCP (3/3/2026, 7:00:00 PM)
13.58
-0.13 (-0.95%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-23 2026-02-23
Earnings (Next)04-29 2026-04-29
Inst Owners23.89%
Inst Owner ChangeN/A
Ins Owners0.66%
Ins Owner ChangeN/A
Market Cap16.48B
Revenue(TTM)5.17B
Net Income(TTM)984.60M
Analysts82
Price Target14.21 (4.64%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.75% |
Yearly Dividend0.82
Dividend Growth(5Y)30.81%
DP74.7%
Div Incr Years3
Div Non Decr Years3
Ex-Date02-27 2026-02-27 (0.0608)
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-0.66%
Min Revenue beat(2)-1.16%
Max Revenue beat(2)-0.15%
Revenue beat(4)2
Avg Revenue beat(4)4.08%
Min Revenue beat(4)-1.16%
Max Revenue beat(4)15.36%
Revenue beat(8)6
Avg Revenue beat(8)7.19%
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)2.2%
PT rev (3m)2.7%
EPS NQ rev (1m)-10.24%
EPS NQ rev (3m)-20.42%
EPS NY rev (1m)0%
EPS NY rev (3m)-11.78%
Revenue NQ rev (1m)-6.47%
Revenue NQ rev (3m)-6.47%
Revenue NY rev (1m)-1.89%
Revenue NY rev (3m)-14.85%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.31 | ||
| Fwd PE | 17.11 | ||
| P/S | 3.19 | ||
| P/FCF | 27.05 | ||
| P/OCF | 6.14 | ||
| P/B | 1.5 | ||
| P/tB | 1.5 | ||
| EV/EBITDA | 7 |
EPS(TTM)1.02
EY7.51%
EPS(NY)0.79
Fwd EY5.85%
FCF(TTM)0.5
FCFY3.7%
OCF(TTM)2.21
OCFY16.29%
SpS4.26
BVpS9.06
TBVpS9.06
PEG (NY)N/A
PEG (5Y)N/A
Graham Number14.42
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.1% | ||
| ROE | 8.95% | ||
| ROCE | 6.68% | ||
| ROIC | 5.01% | ||
| ROICexc | 5.02% | ||
| ROICexgc | 5.02% | ||
| OM | 22.76% | ||
| PM (TTM) | 19.05% | ||
| GM | 72.18% | ||
| FCFM | 11.79% |
ROA(3y)7.51%
ROA(5y)13.19%
ROE(3y)13.1%
ROE(5y)24%
ROIC(3y)7.07%
ROIC(5y)9.29%
ROICexc(3y)7.18%
ROICexc(5y)9.35%
ROICexgc(3y)7.18%
ROICexgc(5y)9.35%
ROCE(3y)9.44%
ROCE(5y)12.4%
ROICexgc growth 3Y-31%
ROICexgc growth 5Y75.37%
ROICexc growth 3Y-31%
ROICexc growth 5Y75.37%
OM growth 3Y-20.74%
OM growth 5Y70%
PM growth 3Y-23.64%
PM growth 5YN/A
GM growth 3Y-3.55%
GM growth 5Y2.81%
F-Score4
Asset Turnover0.27
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.18 | ||
| Debt/EBITDA | 1.22 | ||
| Cap/Depr | 121.48% | ||
| Cap/Sales | 40.17% | ||
| Interest Coverage | 8.69 | ||
| Cash Conversion | 93.07% | ||
| Profit Quality | 61.89% | ||
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.7 | ||
| Altman-Z | 1.72 |
F-Score4
WACC7.53%
ROIC/WACC0.66
Cap/Depr(3y)122.69%
Cap/Depr(5y)111.32%
Cap/Sales(3y)36.35%
Cap/Sales(5y)30.26%
Profit Quality(3y)72.37%
Profit Quality(5y)67.54%
High Growth Momentum
Growth
EPS 1Y (TTM)-24.87%
EPS 3Y-28.48%
EPS 5YN/A
EPS Q2Q%-36.43%
EPS Next Y-14.94%
EPS Next 2Y3.38%
EPS Next 3Y4.62%
EPS Next 5Y3.96%
Revenue 1Y (TTM)54.88%
Revenue growth 3Y9.68%
Revenue growth 5Y44.84%
Sales Q2Q%76.64%
Revenue Next Year11.51%
Revenue Next 2Y8.4%
Revenue Next 3Y15.37%
Revenue Next 5Y10.15%
EBIT growth 1Y25.53%
EBIT growth 3Y-13.07%
EBIT growth 5Y146.23%
EBIT Next Year50.82%
EBIT Next 3Y19.45%
EBIT Next 5Y11.86%
FCF growth 1Y-12.51%
FCF growth 3Y-25.75%
FCF growth 5Y19.61%
OCF growth 1Y46.51%
OCF growth 3Y7.15%
OCF growth 5Y42.93%
WHITECAP RESOURCES INC / WCP.CA FAQ
Can you provide the ChartMill fundamental rating for WHITECAP RESOURCES INC?
ChartMill assigns a fundamental rating of 5 / 10 to WCP.CA.
Can you provide the valuation status for WHITECAP RESOURCES INC?
ChartMill assigns a valuation rating of 5 / 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 7 / 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 -14.94% 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 74.7%.