Suncor Energy Inc. (SU) 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

+66.8%

$126.07

vs $75.58 price

Levered DCF

$118.79

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

3.24

Safe zone

Rating

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	12.55×	10.87×	6.69×	6.57×	11.42×	-7.56×	22.88×	18.8×
P/B	1.65×	1.47×	1.28×	1.51×	1.29×	0.91×	1.58×	1.41×
P/S	1.52×	1.29×	1.13×	1.02×	1.2×	1.32×	1.73×	1.61×
EV / EBITDA	5.51×	4.73×	4.36×	2.84×	5.36×	21.01×	8.51×	6.25×
Gross margin	59.1%	58.7%	59.3%	61.5%	61.0%	56.7%	63.5%	59.9%
Operating margin	31.7%	32.7%	32.4%	39.4%	32.1%	16.0%	33.3%	32.0%
Net margin	12.1%	11.9%	16.9%	15.6%	10.5%	-17.5%	7.6%	8.5%
Current ratio	1.39×	1.33×	1.44×	1.13×	1.06×	0.89×	0.94×	0.84×
Debt / equity	0.41×	0.33×	0.37×	0.41×	0.51×	0.62×	0.43×	0.39×
Interest coverage	20.86×	23.86×	20.53×	25.37×	13.07×	3.8×	12.92×	14.48×
Dividend yield	3.8%	4.3%	5.0%	4.4%	3.3%	5.1%	3.9%	3.8%
Payout ratio	47.4%	46.6%	33.1%	28.6%	37.6%	-38.7%	90.2%	70.8%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	13.1%	13.5%	19.2%	23.1%	11.2%	-12.1%	6.9%	7.5%
Return on invested capital	14.2%	15.1%	15.6%	22.6%	12.4%	3.5%	13.4%	9.9%
Return on assets	6.6%	6.7%	9.4%	10.7%	4.9%	-5.1%	3.2%	3.7%
Free cash flow yield	9.3%	14.5%	11.7%	17.7%	15.3%	-3.8%	7.3%	8.4%
Earnings yield	8.0%	9.2%	15.0%	15.2%	8.7%	-13.2%	4.4%	5.3%
Enterprise value	$88.9B	$76.6B	$69.6B	$73.6B	$63.7B	$52.9B	$82.4B	$77.1B
Net debt / EBITDA	0.91×	0.69×	0.88×	0.54×	1.4×	8.04×	1.65×	1.23×
Cash conversion cycle (days)	-3	-4	7	-11	-14	21	-33	-27