# Birchcliff Energy Ltd. (BIR.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Energy / Oil, Gas & Consumable Fuels. Price C$6.50, market value C$1.8 billion.

## Valuation
- **P/E (trailing): 18.6×** (5-yr avg 41.3×, 3-yr avg 66.2×). Birchcliff Energy Ltd. trades at 18.6× trailing earnings, well below its own five-year average of 41.3×: cheap by its own standards. The Energy median in the September 2026 study was 16.8×. Forward P/E is 10.3×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.72**. A PEG of 0.72 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 2.4×**. Each dollar of revenue is priced at 2.4×.
- **Price / book: 0.8×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 5.5×**. Enterprise value is 5.5× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 11.0%** (5-yr avg 9.3%). Free cash flow equals 11.0% of the market value, in line with its five-year average of 9.3%. Above 5% is generally attractive.
- **Earnings yield: 5.4%**. The inverse of the P/E: 5.4% of the price is earned each year.

## Profitability
- **Gross margin: 42.6%**. Birchcliff Energy Ltd. keeps 42.6% of revenue after the direct cost of what it sells.
- **Operating margin: 19.7%**. 19.7% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 9.3%**. 9.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 2.9%**. 2.9% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 3.9%**. Return on all capital, debt included, is 3.9%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 2.7%**. Each dollar of assets produces 2.7% of profit.

## Growth
- **Revenue growth (1 yr): 15.7%** (3-yr -16.6%/yr, 5-yr 5.8%/yr). Revenue grew 15.7% over the last year, against 5.8% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 14.3%** (3-yr -53.5%/yr). Earnings per share rose 14.3%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): -43.9%/yr**. Free cash flow has compounded at -43.9% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.28**. Debt is 0.28 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 1.4×**. It would take 1.4 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 3.7×**. Operating profit covers interest 3.7× over, a safe margin.
- **Current ratio: 1.74** (quick 1.74). Current assets cover the next year's liabilities 1.74 times.
- **Altman Z-score: 2.04**. A Z-score of 2.04 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.85%** (C$0.12 per share, trailing). Birchcliff Energy Ltd. yields 1.85%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 51%** (17% of free cash flow). 51% of earnings goes out as dividends, leaving room to keep raising it.
- **Dividend growth (5 yr): 24.0%/yr** (1-yr -70.0%). The dividend has compounded at 24.0% a year over five years, doubling roughly every 3 years at that pace.
- **Shareholder yield: 1.6%**. Dividends plus net buybacks return 1.6% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (11 analysts). 11 analysts cover Birchcliff Energy Ltd.; the consensus is buy, with an average price target of C$8.30 (+28% 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): 5.2%** (YTD -12.2%, 3-mo 1.1%). The shares are up 5.2% over twelve months including dividends.
- **From 52-week high: -20.6%** (14.2% above the low). Trading 21% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 54**. An RSI of 54 is neutral.
- **Beta (1 yr): -0.05** (volatility 33%). Beta of -0.05 against the S&P/TSX Composite: the shares move much less than the market.

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

Not investment advice.