Frontera Energy Corporation (FEC.TO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+275.1%

CA$28.36

vs CA$7.56 price

Levered DCF

CA$20.56

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

-9.03

Distress zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-0.3×	-20.7×	2.78×	3.06×	1.25×	-0.51×	2.51×	-3.79×
P/B	0.54×	0.29×	0.3×	0.57×	0.56×	0.35×	0.61×	0.96×
P/S	0.32×	0.45×	0.47×	0.66×	0.84×	0.37×	0.52×	0.71×
EV / EBITDA	2×	2.13×	1.7×	1.45×	1.34×	-3.88×	1.35×	7.78×
Gross margin	7.2%	18.8%	45.0%	37.1%	37.9%	-28.4%	21.0%	22.6%
Operating margin	0.4%	10.3%	13.4%	34.2%	35.8%	-36.7%	21.0%	-9.4%
Net margin	-106.4%	-2.1%	16.8%	21.0%	67.8%	-73.2%	20.6%	-18.9%
Current ratio	0.76×	0.8×	0.89×	0.82×	0.87×	0.85×	1.12×	1.36×
Debt / equity	0.82×	0.29×	0.29×	0.32×	0.4×	0.76×	0.33×	0.35×
Interest coverage	0.07×	2.33×	3.21×	11.25×	7.57×	-5.13×	7.03×	-2.48×
Dividend yield	4.2%	2.3%	0.0%	0.0%	0.0%	8.4%	13.7%	0.0%
Payout ratio	-1.3%	-48.3%	0.0%	0.0%	0.0%	-4.3%	34.2%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-180.3%	-1.4%	10.6%	18.1%	44.8%	-68.5%	24.3%	-25.3%
Return on invested capital	0.3%	-1.5%	6.0%	11.2%	15.3%	-15.6%	15.4%	-7.6%
Return on assets	-59.1%	-0.8%	6.4%	10.5%	24.1%	-23.3%	11.8%	-11.3%
Free cash flow yield	54.2%	31.7%	-4.6%	22.6%	2.0%	52.8%	23.6%	-14.5%
Earnings yield	-331.3%	-4.8%	36.0%	31.7%	80.2%	-197.3%	39.9%	-26.5%
Enterprise value	CA$589.2M	CA$816.6M	CA$915.4M	CA$1.1B	CA$1.1B	CA$550.2M	CA$812.2M	CA$887.2M
Net debt / EBITDA	0.89×	0.82×	0.7×	0.29×	0.37×	-2.16×	0.12×	-0.8×
Cash conversion cycle (days)	-88	-93	-136	-133	-202	65	-13	-18