# Frontera Energy Corporation (FEC.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Energy / Oil, Gas & Consumable Fuels. Price C$8.71, market value C$616 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Frontera Energy Corporation reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 0.8×**. Each dollar of revenue is priced at 0.8×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.8×**. The shares trade at 1.8× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 4.5×**. Enterprise value is 4.5× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 53.6%** (5-yr avg 24.4%). Free cash flow equals 53.6% of the market value, above its five-year average of 24.4%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.

## Profitability
- **Gross margin: 6.1%**. Frontera Energy Corporation keeps 6.1% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: -2.5%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -106.4%**. The company reported a net loss over the last twelve months.
- **Return on equity: -180.3%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -1.6%**. Return on all capital, debt included, is -1.6%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -34.5%**. Each dollar of assets produces -34.5% of profit.

## Growth
- **Revenue growth (1 yr): -10.1%** (3-yr -9.4%/yr, 5-yr 9.1%/yr). Revenue fell 10.1% over the last year, against 9.1% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -4931.0%**. Earnings per share fell 4931.0%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -4.8%/yr**. Free cash flow has compounded at -4.8% a year over three years.

## Financial health
- **Debt to equity: 0.82**. Debt is 0.82 times equity, moderate leverage.
- **Net debt / EBITDA: 1.7×**. It would take 1.7 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: -0.3×**. Operating profit covers interest only -0.3×: fragile.
- **Current ratio: 0.76** (quick 0.69). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 1.24**. A Z-score of 1.24 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 2.87%** (C$0.25 per share, trailing). Frontera Energy Corporation yields 2.87%, a modest yield more typical of a growth-oriented payer.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): -10.2%/yr** (1-yr 29.0%). The dividend has not grown over five years.
- **Shareholder yield: 118.6%**. Dividends plus net buybacks return 118.6% of the market value a year.

## Price and momentum
- **Total return (1 yr): 132.2%** (YTD 126.5%, 3-mo -15.5%). The shares are up 132.2% over twelve months including dividends.
- **From 52-week high: -48.1%** (75.6% above the low). Trading 48% below its 52-week high, deep in a drawdown.
- **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): -0.75** (volatility 60%). Beta of -0.75 against the S&P/TSX Composite: the shares move much less than the market.

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

Not investment advice.