# Vermilion Energy Inc. (VET.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Energy / Oil, Gas & Consumable Fuels. Price C$17.77, market value C$2.7 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Vermilion Energy Inc. 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: 1.4×**. Each dollar of revenue is priced at 1.4×.
- **Price / book: 1.3×**. The shares trade at 1.3× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 3.4×**. Enterprise value is 3.4× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 12.5%** (5-yr avg 20.6%). Free cash flow equals 12.5% of the market value, below its five-year average of 20.6%, so the shares are pricier on cash than usual. Above 5% is generally attractive.

## Profitability
- **Gross margin: 39.2%**. Vermilion Energy Inc. keeps 39.2% of revenue after the direct cost of what it sells.
- **Operating margin: 24.0%**. 24.0% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: -37.0%**. The company reported a net loss over the last twelve months.
- **Return on equity: -29.4%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 11.8%**. Return on all capital, debt included, is 11.8%.
- **Return on assets: -8.4%**. Each dollar of assets produces -8.4% of profit.

## Growth
- **Revenue growth (1 yr): -14.9%** (3-yr -22.0%/yr, 5-yr 7.2%/yr). Revenue fell 14.9% over the last year, against 7.2% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -1316.7%**. Earnings per share fell 1316.7%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -36.3%/yr**. Free cash flow has compounded at -36.3% a year over three years.

## Financial health
- **Debt to equity: 0.59**. Debt is 0.59 times equity, moderate leverage.
- **Net debt / EBITDA: 1.1×**. It would take 1.1 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 4.0×**. Operating profit covers interest 4.0× over, a safe margin.
- **Current ratio: 0.84** (quick 0.76). 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: 1.52**. A Z-score of 1.52 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend yield: 3.04%** (C$0.53 per share, trailing). Vermilion Energy Inc. yields 3.04%, a modest yield more typical of a growth-oriented payer.
- **Consecutive years of increases: 4**. 4 straight years of increases.
- **Dividend growth (5 yr): -2.0%/yr** (1-yr 8.3%). The dividend has not grown over five years.
- **Shareholder yield: 3.6%**. Dividends plus net buybacks return 3.6% of the market value a year.

## Price and momentum
- **Total return (1 yr): 78.5%** (YTD 58.3%, 3-mo 13.2%). The shares are up 78.5% over twelve months including dividends.
- **From 52-week high: -12.5%** (78.1% above the low). Trading 13% 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): 61**. An RSI of 61 is neutral.
- **Beta (1 yr): -0.25** (volatility 50%). Beta of -0.25 against the S&P/TSX Composite: the shares move much less than the market.

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

Not investment advice.