InPlay Oil Corp (IPO.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

+51.4%

CA$29.30

vs CA$19.35 price

Levered DCF

-CA$42.80

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

0.69

Distress zone

Rating

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	-38.75×	94.36×	35.84×	18.74×	7.93×	-0.84×	-10.15×	-45.23×
P/B	0.82×	3.22×	4.01×	5.79×	4.82×	2.06×	1.71×	2.18×
P/S	1.2×	6.09×	7.53×	6.62×	8.02×	2.25×	3.6×	5.23×
EV / EBITDA	4.72×	14.24×	13.65×	11.89×	8×	-2.75×	10.31×	22.19×
Gross margin	12.3%	55.6%	66.4%	65.8%	65.7%	43.2%	53.5%	53.9%
Operating margin	4.3%	11.0%	23.9%	39.8%	24.8%	-25.1%	4.5%	-4.5%
Net margin	-3.1%	6.2%	20.8%	35.2%	101.1%	-268.6%	-35.8%	-11.3%
Current ratio	1.1×	0.91×	0.93×	0.84×	0.29×	0.15×	0.81×	0.46×
Debt / equity	0.61×	0.23×	0.17×	0.11×	0.42×	1.41×	0.35×	0.25×
Interest coverage	0.55×	2.43×	6.89×	19.22×	5.02×	-2.95×	1.33×	-1.49×
Dividend yield	8.9%	1.8%	1.4%	0.2%	0.0%	0.0%	0.0%	0.0%
Payout ratio	-345.0%	173.2%	49.3%	3.1%	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	-2.1%	3.3%	11.1%	30.7%	60.8%	-246.3%	-17.0%	-4.7%
Return on invested capital	1.0%	2.9%	8.2%	23.9%	7.5%	-5.6%	1.2%	-1.1%
Return on assets	-0.7%	2.0%	6.9%	19.5%	28.3%	-53.4%	-9.0%	-2.7%
Free cash flow yield	-56.6%	0.8%	0.1%	2.9%	0.5%	-17.3%	-1.7%	-6.4%
Earnings yield	-2.6%	1.0%	2.8%	5.3%	12.6%	-119.6%	-9.9%	-2.2%
Enterprise value	CA$529.1M	CA$1B	CA$1.2B	CA$1.6B	CA$993.3M	CA$159.1M	CA$326.1M	CA$444.7M
Net debt / EBITDA	2.02×	0.95×	0.57×	0.22×	0.65×	-1.12×	1.76×	2.27×
Cash conversion cycle (days)	-1	-2	-36	-57	-67	-138	-23	-64