CGX Energy Inc. (OYL.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

-69.0%

CA$0.06

vs CA$0.19 price

Levered DCF

-CA$0.01

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

-159.74

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	-0.41×	-11.43×	-23.75×	-42.29×	-49.61×	-17.27×	9.94×	-5.76×
P/B	-2.09×	0.48×	1.2×	6.5×	7.98×	3.92×	5.3×	-1.67×
P/S	56.9×	553.34×	0×	0×	0×	0×	0×	0×
EV / EBITDA	-18.46×	-13.67×	-14.69×	-74.28×	-55.2×	-15.64×	25.51×	-15.74×
Gross margin	-12.5%	100.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Operating margin	-323.1%	-4177.3%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net margin	-13781.7%	-4858.4%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Current ratio	0.06×	0.14×	0.41×	0.9×	0.48×	0.84×	0.94×	0.06×
Debt / equity	-0.12×	0×	0×	0×	0.25×	0×	0×	-1.17×
Interest coverage	-3.73×	-3.9×	-8.23×	-1.59×	-3.47×	-9.54×	3.37×	-1.2×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	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	505.6%	-4.2%	-5.0%	-15.3%	-17.2%	-22.3%	51.0%	29.0%
Return on invested capital	13.5%	-3.6%	-7.5%	-10.2%	-7.2%	-22.1%	-7.7%	-104.9%
Return on assets	-1874.7%	-3.3%	-3.8%	-10.8%	-9.5%	-14.0%	23.1%	-15.7%
Free cash flow yield	-8.4%	-16.8%	-7.4%	-15.4%	-12.4%	-9.2%	-22.1%	-14.9%
Earnings yield	-242.2%	-8.8%	-4.2%	-2.4%	-2.2%	-5.7%	9.6%	-17.4%
Enterprise value	CA$32.9M	CA$27.3M	CA$69.4M	CA$412M	CA$588.6M	CA$84.7M	CA$80.1M	CA$56.3M
Net debt / EBITDA	-0.5×	1.04×	1.36×	2.23×	-0.12×	2.18×	-5.04×	-6×
Cash conversion cycle (days)	-280	-347,753	-259,861	-16,956	-659,849	-582,585	-60,681	-365,292