# Athabasca Oil Corporation (ATH.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Energy / Oil, Gas & Consumable Fuels. Price C$10.86, market value C$5.2 billion.

## Valuation
- **P/E (trailing): 23.1×** (5-yr avg 6.1×, 3-yr avg 10.3×). Athabasca Oil Corporation trades at 23.1× trailing earnings, well above its own five-year average of 6.1×: investors are paying up relative to the company's past. The Energy median in the September 2026 study was 16.8×. Forward P/E is 12.2×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 3.9×**. Each dollar of revenue is priced at 3.9×.
- **Price / book: 2.8×**. The shares trade at 2.8× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 10.3×**. Enterprise value is 10.3× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 6.4%** (5-yr avg 10.0%). Free cash flow equals 6.4% of the market value, below its five-year average of 10.0%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 4.3%**. The inverse of the P/E: 4.3% of the price is earned each year.

## Profitability
- **Gross margin: 37.9%**. Athabasca Oil Corporation keeps 37.9% of revenue after the direct cost of what it sells.
- **Operating margin: 27.5%**. 27.5% of revenue is left after running the business, an exceptional level.
- **Net margin: 18.7%**. 18.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 13.8%**. 13.8% on shareholders' equity is solid.
- **Return on invested capital: 16.6%**. Return on all capital, debt included, is 16.6%: comfortably above what that capital costs.
- **Return on assets: 9.0%**. Each dollar of assets produces 9.0% of profit.

## Growth
- **Revenue growth (1 yr): -9.1%** (3-yr -4.5%/yr, 5-yr 23.0%/yr). Revenue fell 9.1% over the last year, against 23.0% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -42.4%** (3-yr -20.6%/yr). Earnings per share fell 42.4%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 5.6%/yr**. Free cash flow has compounded at 5.6% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.11**. Debt is 0.11 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Athabasca Oil Corporation holds more cash than debt.
- **Interest coverage: 48.7×**. Operating profit covers interest 48.7× over, a safe margin.
- **Current ratio: 1.78** (quick 1.62). Current assets cover the next year's liabilities 1.78 times.
- **Altman Z-score: 6.84**. A Z-score of 6.84 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Athabasca Oil Corporation does not currently pay a dividend, but it returned 3.4% of its market value through buybacks over the last year.

## Analyst view
- **Analyst consensus: buy** (11 analysts). 11 analysts cover Athabasca Oil Corporation; the consensus is buy, with an average price target of C$12.59 (+16% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 75.7%** (YTD 54.5%, 3-mo -5.2%). The shares are up 75.7% over twelve months including dividends.
- **From 52-week high: -15.6%** (77.7% above the low). Trading 16% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 53**. An RSI of 53 is neutral.
- **Beta (1 yr): 0.02** (volatility 40%). Beta of 0.02 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ATH.TO · Page: https://foliofundamentals.com/stocks/ath.to

Not investment advice.