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ATHABASCA OIL CORP (ATH.CA) Stock Fundamental Analysis

TSX:ATH - Toronto Stock Exchange - CA04682R1073 - Common Stock - Currency: CAD

4.91  -0.01 (-0.2%)

Fundamental Rating

7

Taking everything into account, ATH scores 7 out of 10 in our fundamental rating. ATH was compared to 220 industry peers in the Oil, Gas & Consumable Fuels industry. ATH has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. A decent growth rate in combination with a cheap valuation! Better keep an eye on ATH. These ratings could make ATH a good candidate for value investing.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

In the past year ATH was profitable.
ATH had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: ATH reported negative net income in multiple years.
Of the past 5 years ATH 4 years had a positive operating cash flow.
ATH.CA Yearly Net Income VS EBIT VS OCF VS FCFATH.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M -500M

1.2 Ratios

Looking at the Return On Assets, with a value of 10.33%, ATH belongs to the top of the industry, outperforming 90.73% of the companies in the same industry.
ATH has a Return On Equity of 14.81%. This is amongst the best in the industry. ATH outperforms 82.44% of its industry peers.
Looking at the Return On Invested Capital, with a value of 12.75%, ATH belongs to the top of the industry, outperforming 93.17% of the companies in the same industry.
ATH had an Average Return On Invested Capital over the past 3 years of 6.89%. This is in line with the industry average of 7.79%.
The 3 year average ROIC (6.89%) for ATH is below the current ROIC(12.75%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 10.33%
ROE 14.81%
ROIC 12.75%
ROA(3y)16.48%
ROA(5y)3.02%
ROE(3y)24.94%
ROE(5y)-4.18%
ROIC(3y)6.89%
ROIC(5y)N/A
ATH.CA Yearly ROA, ROE, ROICATH.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -50 -100

1.3 Margins

The Profit Margin of ATH (17.45%) is better than 74.15% of its industry peers.
ATH's Operating Margin of 27.26% is fine compared to the rest of the industry. ATH outperforms 76.59% of its industry peers.
With a decent Gross Margin value of 62.41%, ATH is doing good in the industry, outperforming 73.66% of the companies in the same industry.
ATH's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 27.26%
PM (TTM) 17.45%
GM 62.41%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.68%
GM growth 5Y4.92%
ATH.CA Yearly Profit, Operating, Gross MarginsATH.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -200 -400 -600

9

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ATH is still creating some value.
The number of shares outstanding for ATH has been reduced compared to 1 year ago.
The number of shares outstanding for ATH has been increased compared to 5 years ago.
The debt/assets ratio for ATH has been reduced compared to a year ago.
ATH.CA Yearly Shares OutstandingATH.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M
ATH.CA Yearly Total Debt VS Total AssetsATH.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B

2.2 Solvency

An Altman-Z score of 3.19 indicates that ATH is not in any danger for bankruptcy at the moment.
ATH has a better Altman-Z score (3.19) than 80.49% of its industry peers.
ATH has a debt to FCF ratio of 0.68. This is a very positive value and a sign of high solvency as it would only need 0.68 years to pay back of all of its debts.
The Debt to FCF ratio of ATH (0.68) is better than 93.17% of its industry peers.
A Debt/Equity ratio of 0.13 indicates that ATH is not too dependend on debt financing.
The Debt to Equity ratio of ATH (0.13) is better than 65.37% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 0.68
Altman-Z 3.19
ROIC/WACC1.61
WACC7.93%
ATH.CA Yearly LT Debt VS Equity VS FCFATH.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M 1B 1.5B 2B

2.3 Liquidity

ATH has a Current Ratio of 2.54. This indicates that ATH is financially healthy and has no problem in meeting its short term obligations.
ATH has a better Current ratio (2.54) than 81.95% of its industry peers.
ATH has a Quick Ratio of 2.32. This indicates that ATH is financially healthy and has no problem in meeting its short term obligations.
ATH has a better Quick ratio (2.32) than 82.44% of its industry peers.
Industry RankSector Rank
Current Ratio 2.54
Quick Ratio 2.32
ATH.CA Yearly Current Assets VS Current LiabilitesATH.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M

4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 327.78% over the past year.
The Revenue has grown by 17.02% in the past year. This is quite good.
Measured over the past years, ATH shows a quite strong growth in Revenue. The Revenue has been growing by 9.06% on average per year.
EPS 1Y (TTM)327.78%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%185.71%
Revenue 1Y (TTM)17.02%
Revenue growth 3Y32.68%
Revenue growth 5Y9.06%
Sales Q2Q%0.94%

3.2 Future

The Earnings Per Share is expected to grow by 76.08% on average over the next years. This is a very strong growth
The Revenue is expected to decrease by -52.54% on average over the next years. This is quite bad
EPS Next Y450.13%
EPS Next 2Y145.08%
EPS Next 3Y87.38%
EPS Next 5Y76.08%
Revenue Next Year-11.36%
Revenue Next 2Y-1.38%
Revenue Next 3Y-19.6%
Revenue Next 5Y-52.54%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
ATH.CA Yearly Revenue VS EstimatesATH.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B
ATH.CA Yearly EPS VS EstimatesATH.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.5 -0.5 1 -1

8

4. Valuation

4.1 Price/Earnings Ratio

ATH is valuated reasonably with a Price/Earnings ratio of 11.98.
60.98% of the companies in the same industry are more expensive than ATH, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 29.39, ATH is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 8.17, the valuation of ATH can be described as reasonable.
Based on the Price/Forward Earnings ratio, ATH is valued a bit cheaper than 62.44% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 94.38, ATH is valued rather cheaply.
Industry RankSector Rank
PE 11.98
Fwd PE 8.17
ATH.CA Price Earnings VS Forward Price EarningsATH.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

76.10% of the companies in the same industry are more expensive than ATH, based on the Enterprise Value to EBITDA ratio.
70.73% of the companies in the same industry are more expensive than ATH, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 8.94
EV/EBITDA 5.18
ATH.CA Per share dataATH.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.5 1 1.5 2 2.5

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
ATH has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as ATH's earnings are expected to grow with 87.38% in the coming years.
PEG (NY)0.03
PEG (5Y)N/A
EPS Next 2Y145.08%
EPS Next 3Y87.38%

0

5. Dividend

5.1 Amount

ATH does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

ATHABASCA OIL CORP

TSX:ATH (2/11/2025, 7:00:00 PM)

4.91

-0.01 (-0.2%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)10-30 2024-10-30/amc
Earnings (Next)N/A N/A
Inst Owners17.38%
Inst Owner ChangeN/A
Ins Owners1.61%
Ins Owner ChangeN/A
Market Cap2.57B
Analysts73.85
Price Target6.52 (32.79%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend4.35
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-16.55%
Min EPS beat(2)-32.11%
Max EPS beat(2)-0.99%
EPS beat(4)0
Avg EPS beat(4)-22.86%
Min EPS beat(4)-44.99%
Max EPS beat(4)-0.99%
EPS beat(8)0
Avg EPS beat(8)-116.61%
EPS beat(12)3
Avg EPS beat(12)195.85%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-22.49%
Min Revenue beat(2)-26.67%
Max Revenue beat(2)-18.31%
Revenue beat(4)0
Avg Revenue beat(4)-26.76%
Min Revenue beat(4)-33.13%
Max Revenue beat(4)-18.31%
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)1.01%
PT rev (3m)0.88%
EPS NQ rev (1m)-16.67%
EPS NQ rev (3m)7.14%
EPS NY rev (1m)-2.8%
EPS NY rev (3m)-10.34%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.83%
Valuation
Industry RankSector Rank
PE 11.98
Fwd PE 8.17
P/S 1.95
P/FCF 8.94
P/OCF 5.13
P/B 1.65
P/tB 1.65
EV/EBITDA 5.18
EPS(TTM)0.41
EY8.35%
EPS(NY)0.6
Fwd EY12.24%
FCF(TTM)0.55
FCFY11.18%
OCF(TTM)0.96
OCFY19.51%
SpS2.52
BVpS2.97
TBVpS2.97
PEG (NY)0.03
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 10.33%
ROE 14.81%
ROCE 17.71%
ROIC 12.75%
ROICexc 15.26%
ROICexgc 15.26%
OM 27.26%
PM (TTM) 17.45%
GM 62.41%
FCFM 21.75%
ROA(3y)16.48%
ROA(5y)3.02%
ROE(3y)24.94%
ROE(5y)-4.18%
ROIC(3y)6.89%
ROIC(5y)N/A
ROICexc(3y)8.06%
ROICexc(5y)N/A
ROICexgc(3y)8.06%
ROICexgc(5y)N/A
ROCE(3y)9.56%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.68%
GM growth 5Y4.92%
F-Score7
Asset Turnover0.59
Health
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 0.68
Debt/EBITDA 0.42
Cap/Depr 195.82%
Cap/Sales 16.2%
Interest Coverage 13.86
Cash Conversion 106.8%
Profit Quality 124.63%
Current Ratio 2.54
Quick Ratio 2.32
Altman-Z 3.19
F-Score7
WACC7.93%
ROIC/WACC1.61
Cap/Depr(3y)114.29%
Cap/Depr(5y)118.25%
Cap/Sales(3y)11.65%
Cap/Sales(5y)16.51%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)327.78%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%185.71%
EPS Next Y450.13%
EPS Next 2Y145.08%
EPS Next 3Y87.38%
EPS Next 5Y76.08%
Revenue 1Y (TTM)17.02%
Revenue growth 3Y32.68%
Revenue growth 5Y9.06%
Sales Q2Q%0.94%
Revenue Next Year-11.36%
Revenue Next 2Y-1.38%
Revenue Next 3Y-19.6%
Revenue Next 5Y-52.54%
EBIT growth 1Y135.12%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year2677.83%
EBIT Next 3Y213.84%
EBIT Next 5Y146.88%
FCF growth 1Y64.64%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y53.31%
OCF growth 3YN/A
OCF growth 5Y29.53%