Hemisphere Energy Corporation (HME.V) 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

+18.3%

CA$2.71

vs CA$2.29 price

Levered DCF

CA$4.19

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

6.99

Safe zone

Rating

A+

Overall 5 / 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	6.79×	5.38×	5.38×	6.24×	21.02×	-5.1×	-14.79×	-1.07×
P/B	2.34×	2.41×	2.13×	2.45×	3.4×	1.08×	1.04×	0.54×
P/S	2.01×	1.8×	1.92×	1.34×	2.03×	0.94×	0.6×	0.48×
EV / EBITDA	3.42×	3.12×	2.98×	3.47×	8.08×	5.4×	3.13×	16.63×
Gross margin	48.3%	49.9%	62.8%	52.1%	52.3%	33.5%	45.7%	25.9%
Operating margin	42.0%	44.6%	54.7%	38.6%	34.9%	15.8%	33.4%	5.0%
Net margin	29.8%	33.1%	35.7%	22.0%	9.7%	-18.5%	-4.0%	-44.7%
Current ratio	1.37×	2.58×	1.26×	0.74×	0.36×	1.33×	1.46×	1.29×
Debt / equity	0.04×	0.05×	0.06×	0.07×	0.7×	1.55×	1.83×	2.1×
Interest coverage	51.12×	59.73×	50.66×	40.23×	8.62×	0.97×	3×	0.34×
Dividend yield	8.1%	8.7%	10.0%	5.9%	0.0%	0.0%	0.0%	0.0%
Payout ratio	54.8%	47.4%	54.1%	36.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	34.8%	44.5%	39.5%	40.2%	16.2%	-21.2%	-7.1%	-50.0%
Return on invested capital	28.6%	32.8%	34.5%	37.9%	20.0%	5.9%	-10.2%	1.6%
Return on assets	23.1%	29.7%	26.7%	27.3%	6.2%	-6.6%	-2.1%	-13.4%
Free cash flow yield	18.1%	19.6%	21.0%	21.5%	8.5%	48.7%	44.1%	-119.2%
Earnings yield	14.8%	18.4%	18.6%	16.4%	4.8%	-19.6%	-6.8%	-93.0%
Enterprise value	CA$172.3M	CA$170.9M	CA$126.4M	CA$133.8M	CA$108.3M	CA$42.5M	CA$50.8M	CA$40.1M
Net debt / EBITDA	-0.33×	-0.16×	-0.09×	0.1×	1.54×	3.16×	1.97×	13.09×
Cash conversion cycle (days)	11	-23	-17	-32	-54	-1	-7	-56