# Whitecap Resources Inc. (WCP.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Energy / Oil, Gas & Consumable Fuels. Price C$17.98, market value C$21.9 billion.

## Valuation
- **P/E (trailing): 16.1×** (5-yr avg 5.7×, 3-yr avg 7.7×). Whitecap Resources Inc. trades at 16.1× trailing earnings, well above its own five-year average of 5.7×: 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 13.9×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 2.9×**. Each dollar of revenue is priced at 2.9×.
- **Price / book: 2.0×**. The shares trade at 2.0× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 6.1×**. Enterprise value is 6.1× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 9.2%** (5-yr avg 15.2%). Free cash flow equals 9.2% of the market value, below its five-year average of 15.2%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 6.2%**. The inverse of the P/E: 6.2% of the price is earned each year.

## Profitability
- **Gross margin: 44.5%**. Whitecap Resources Inc. keeps 44.5% of revenue after the direct cost of what it sells.
- **Operating margin: 31.4%**. 31.4% of revenue is left after running the business, an exceptional level.
- **Net margin: 19.0%**. 19.0% of each dollar of sales reaches the bottom line.
- **Return on equity: 8.9%**. 8.9% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 11.6%**. Return on all capital, debt included, is 11.6%.
- **Return on assets: 7.4%**. Each dollar of assets produces 7.4% of profit.

## Growth
- **Revenue growth (1 yr): 54.9%** (3-yr 9.7%/yr, 5-yr 44.8%/yr). Revenue grew 54.9% over the last year, against 44.8% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -27.2%** (3-yr -28.4%/yr). Earnings per share fell 27.2%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -25.7%/yr**. Free cash flow has compounded at -25.7% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.40**. Debt is 0.40 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 1.0×**. It would take 1.0 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 12.9×**. Operating profit covers interest 12.9× over, a safe margin.
- **Current ratio: 0.68** (quick 0.68). 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: 2.82**. A Z-score of 2.82 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend yield: 4.06%** (C$0.73 per share, trailing). Whitecap Resources Inc. yields 4.06%, an income-level yield.
- **Payout ratio: 75%** (44% of free cash flow). 75% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 4**. 4 straight years of increases.
- **Dividend growth (5 yr): 28.0%/yr** (1-yr 0.0%). The dividend has compounded at 28.0% a year over five years, doubling roughly every 3 years at that pace.

## Analyst view
- **Analyst consensus: strong_buy** (17 analysts). 17 analysts cover Whitecap Resources Inc.; the consensus is strong_buy, with an average price target of C$20.03 (+11% 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): 83.6%** (YTD 60.3%, 3-mo 9.3%). The shares are up 83.6% over twelve months including dividends.
- **From 52-week high: -2.5%** (78.4% above the low). Trading within 5% of 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): 59**. An RSI of 59 is neutral.
- **Beta (1 yr): 0.02** (volatility 29%). 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=WCP.TO · Page: https://foliofundamentals.com/stocks/wcp.to

Not investment advice.