Strathcona Resources Ltd (SCR.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

+167.4%

CA$102.80

vs CA$38.44 price

Levered DCF

CA$108.83

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

2.34

Grey zone

Rating

A+

Overall 4 / 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	7.02×	11.17×	7.29×	2.92×	16.35×	-21.15×	-41.05×	-261.2×
P/B	1.16×	1.16×	0.8×	0.15×	2.62×	1.02×	1.53×	8.95×
P/S	1.81×	1.42×	1.01×	0.17×	2.95×	2.76×	9.53×	80.1×
EV / EBITDA	5.27×	4.88×	3.97×	2.59×	8.06×	13.19×	65.64×	326.47×
Gross margin	27.4%	27.4%	25.8%	34.3%	48.0%	-4.0%	11.6%	28.8%
Operating margin	25.1%	25.3%	23.6%	32.5%	44.9%	-10.4%	-4.5%	-10.7%
Net margin	25.7%	12.7%	13.9%	36.3%	18.0%	-13.1%	-23.5%	-18.2%
Current ratio	1.02×	0.45×	0.42×	0.36×	0.53×	0.31×	0.82×	2.28×
Debt / equity	0.19×	0.48×	0.58×	0.79×	0.79×	0.73×	0.59×	0×
Interest coverage	5.21×	4.74×	4.18×	45.54×	7.48×	-0.83×	-0.15×	0×
Dividend yield	3.1%	1.6%	6.2%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	21.7%	17.7%	45.1%	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	16.5%	10.4%	11.0%	32.3%	16.0%	-4.9%	-3.8%	-2.0%
Return on invested capital	8.2%	8.6%	7.4%	14.6%	15.9%	-1.7%	-0.3%	-1.1%
Return on assets	9.9%	5.5%	5.6%	14.8%	7.7%	-2.5%	-2.1%	-1.9%
Free cash flow yield	3.0%	9.7%	11.6%	130.0%	-3.0%	-17.2%	-26.5%	-2.0%
Earnings yield	14.2%	8.9%	13.7%	211.5%	6.1%	-4.8%	-2.5%	-0.2%
Enterprise value	CA$9B	CA$9.6B	CA$7.4B	CA$3.9B	CA$1.4B	CA$623.3M	CA$756.1M	CA$1.5B
Net debt / EBITDA	0.75×	1.43×	1.66×	2.16×	1.86×	5.5×	16.35×	-1.32×
Cash conversion cycle (days)	-2	-65	-57	-58	-22	-29	36	-9