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OBSIDIAN ENERGY LTD (OBE.CA) Stock Fundamental Analysis

TSX:OBE - Toronto Stock Exchange - CA6744822033 - Common Stock - Currency: CAD

8  0 (0%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to OBE. OBE was compared to 214 industry peers in the Oil, Gas & Consumable Fuels industry. While OBE is still in line with the averages on profitability rating, there are concerns on its financial health. OBE does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

OBE had negative earnings in the past year.
OBE had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: OBE reported negative net income in multiple years.
OBE had a positive operating cash flow in each of the past 5 years.
OBE.CA Yearly Net Income VS EBIT VS OCF VS FCFOBE.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 2024 0 -1B -2B

1.2 Ratios

Looking at the Return On Assets, with a value of -9.16%, OBE is doing worse than 63.08% of the companies in the same industry.
OBE's Return On Equity of -14.10% is in line compared to the rest of the industry. OBE outperforms 41.12% of its industry peers.
OBE has a better Return On Invested Capital (8.14%) than 85.51% of its industry peers.
OBE had an Average Return On Invested Capital over the past 3 years of 8.82%. This is in line with the industry average of 7.26%.
Industry RankSector Rank
ROA -9.16%
ROE -14.1%
ROIC 8.14%
ROA(3y)10.66%
ROA(5y)-3.82%
ROE(3y)14.48%
ROE(5y)-28.26%
ROIC(3y)8.82%
ROIC(5y)8.37%
OBE.CA Yearly ROA, ROE, ROICOBE.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 -100 -150 -200

1.3 Margins

Looking at the Operating Margin, with a value of 26.36%, OBE is in the better half of the industry, outperforming 77.57% of the companies in the same industry.
OBE's Operating Margin has declined in the last couple of years.
OBE has a Gross Margin of 70.77%. This is amongst the best in the industry. OBE outperforms 89.72% of its industry peers.
In the last couple of years the Gross Margin of OBE has grown nicely.
Industry RankSector Rank
OM 26.36%
PM (TTM) N/A
GM 70.77%
OM growth 3Y-12.26%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.26%
GM growth 5Y2.34%
OBE.CA Yearly Profit, Operating, Gross MarginsOBE.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100 -100 -200

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3

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so OBE is destroying value.
OBE has less shares outstanding than it did 1 year ago.
OBE has more shares outstanding than it did 5 years ago.
The debt/assets ratio for OBE is higher compared to a year ago.
OBE.CA Yearly Shares OutstandingOBE.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
OBE.CA Yearly Total Debt VS Total AssetsOBE.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.2 Solvency

Based on the Altman-Z score of 0.72, we must say that OBE is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of OBE (0.72) is comparable to the rest of the industry.
OBE has a Debt/Equity ratio of 0.25. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.25, OBE is in the better half of the industry, outperforming 62.15% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF N/A
Altman-Z 0.72
ROIC/WACC0.86
WACC9.46%
OBE.CA Yearly LT Debt VS Equity VS FCFOBE.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B

2.3 Liquidity

A Current Ratio of 1.56 indicates that OBE should not have too much problems paying its short term obligations.
The Current ratio of OBE (1.56) is better than 74.77% of its industry peers.
OBE has a Quick Ratio of 1.56. This is a normal value and indicates that OBE is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Quick ratio value of 1.56, OBE is doing good in the industry, outperforming 76.64% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.56
Quick Ratio 1.56
OBE.CA Yearly Current Assets VS Current LiabilitesOBE.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

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3

3. Growth

3.1 Past

OBE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -347.08%.
The Revenue has grown by 15.94% in the past year. This is quite good.
Measured over the past years, OBE shows a quite strong growth in Revenue. The Revenue has been growing by 13.38% on average per year.
EPS 1Y (TTM)-347.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%33.33%
Revenue 1Y (TTM)15.94%
Revenue growth 3Y17.6%
Revenue growth 5Y13.38%
Sales Q2Q%12.33%

3.2 Future

The Earnings Per Share is expected to grow by 41.42% on average over the next years. This is a very strong growth
OBE is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -11.82% yearly.
EPS Next Y120.67%
EPS Next 2Y41.42%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-23.88%
Revenue Next 2Y-11.82%
Revenue Next 3YN/A
Revenue Next 5YN/A

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.
OBE.CA Yearly Revenue VS EstimatesOBE.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 500M 1B 1.5B 2B
OBE.CA Yearly EPS VS EstimatesOBE.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -50 -100 -150

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2

4. Valuation

4.1 Price/Earnings Ratio

OBE reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
OBE.CA Price Earnings VS Forward Price EarningsOBE.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0 0 0 0 0 0 0

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, OBE is valued cheaper than 95.33% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 2.06
OBE.CA Per share dataOBE.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

4.3 Compensation for Growth

OBE's earnings are expected to grow with 41.42% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y41.42%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

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

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OBSIDIAN ENERGY LTD

TSX:OBE (8/7/2025, 7:00:00 PM)

8

0 (0%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)07-31 2025-07-31
Earnings (Next)10-30 2025-10-30
Inst Owners27.43%
Inst Owner ChangeN/A
Ins Owners3.72%
Ins Owner ChangeN/A
Market Cap541.68M
Analysts72.5
Price Target9.95 (24.37%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
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)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
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)2.63%
PT rev (3m)-15.95%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-11.54%
Revenue NY rev (3m)-19.59%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.71
P/FCF N/A
P/OCF 1.35
P/B 0.38
P/tB 0.38
EV/EBITDA 2.06
EPS(TTM)-2.69
EYN/A
EPS(NY)0
Fwd EYN/A
FCF(TTM)-0.6
FCFYN/A
OCF(TTM)5.91
OCFY73.83%
SpS11.28
BVpS20.85
TBVpS20.85
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -9.16%
ROE -14.1%
ROCE 10.83%
ROIC 8.14%
ROICexc 8.15%
ROICexgc 8.15%
OM 26.36%
PM (TTM) N/A
GM 70.77%
FCFM N/A
ROA(3y)10.66%
ROA(5y)-3.82%
ROE(3y)14.48%
ROE(5y)-28.26%
ROIC(3y)8.82%
ROIC(5y)8.37%
ROICexc(3y)8.83%
ROICexc(5y)8.4%
ROICexgc(3y)8.83%
ROICexgc(5y)8.4%
ROCE(3y)11.73%
ROCE(5y)11.13%
ROICexcg growth 3Y-18.98%
ROICexcg growth 5YN/A
ROICexc growth 3Y-18.98%
ROICexc growth 5YN/A
OM growth 3Y-12.26%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.26%
GM growth 5Y2.34%
F-Score5
Asset Turnover0.35
Health
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF N/A
Debt/EBITDA 0.81
Cap/Depr 187.25%
Cap/Sales 57.68%
Interest Coverage 6.12
Cash Conversion 91.57%
Profit Quality N/A
Current Ratio 1.56
Quick Ratio 1.56
Altman-Z 0.72
F-Score5
WACC9.46%
ROIC/WACC0.86
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)47.68%
Cap/Sales(5y)38.88%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-347.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%33.33%
EPS Next Y120.67%
EPS Next 2Y41.42%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)15.94%
Revenue growth 3Y17.6%
Revenue growth 5Y13.38%
Sales Q2Q%12.33%
Revenue Next Year-23.88%
Revenue Next 2Y-11.82%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y34.09%
EBIT growth 3Y3.18%
EBIT growth 5YN/A
EBIT Next Year67.46%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-133.25%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-10.24%
OCF growth 3Y22.12%
OCF growth 5Y36.28%