TPZ Stock Analysis: Topaz Energy | TO
Oil & Gas Midstream | TO, Canada | Market Cap: 4.727m CAD | 12M Return: 31% | CA89055A2039 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 18.1M
EPS Trend: 86.9%
Qual. Beats: -2
Rev. Trend: 47.3%
Qual. Beats: -1
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Topaz Energy Corp. is a Calgary-based Canadian energy company with royalty interests across developed and undeveloped lands, alongside natural gas processing, liquids handling, and water management infrastructure. Its business combines royalty income with fees from energy infrastructure services.
Royalty companies generally earn revenue tied to production from lands they own interests in, while infrastructure operators provide services such as processing and handling natural gas and related liquids. Topaz operates through its Royalty Production and Infrastructure segments.
- AECO gas prices and condensate differentials swing royalty cash flow
- Montney production growth lifts royalty volumes and facility throughput
- Dividend increases and acquisitions shape free-cash-flow allocation
| Net Income: 174.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA 17.96 > 1.0 |
| NWC/Revenue: 15.18% < 20% (prev 15.51%; Δ -0.34% < -1%) |
| CFO/TA 0.14 > 3% & CFO 321.2m > Net Income 174.8m |
| Net Debt (544.2m) to EBITDA (405.8m): 1.34 < 3 |
| Current Ratio: 3.48 > 1.5 & < 3 |
| Outstanding Shares: last quarter (155.4m) vs 12m ago 0.67% < -2% |
| Gross Margin: 64.86% > 18% (prev 81.41%; Δ -16.55% > 0.5%) |
| Asset Turnover: 17.77% > 50% (prev 17.80%; Δ -0.03% > 0%) |
| Interest Coverage Ratio: 10.02 > 6 (EBIT TTM 253.2m / Interest Expense TTM 25.3m) |
| A: 0.02 (Total Current Assets 76.6m - Total Current Liabilities 22.0m) / Total Assets 2.22b |
| B: -0.14 (Retained Earnings -315.5m / Total Assets 2.22b) |
| C: 0.13 (EBIT TTM 253.2m / Avg Total Assets 2.03b) |
| D: 2.12 (Book Value of Equity 1.51b / Total Liabilities 710.8m) |
| Altman-Z'' = 2.76 = A |
| DSRI: 1.22 (Receivables 66.4m/49.3m, Revenue 359.8m/326.5m) |
| GMI: 1.26 (GM 81.41% / 64.86%) |
| AQI: 2.42 (AQ_t 0.00 / AQ_t-1 0.00) |
| SGI: 1.10 (Revenue 359.8m / 326.5m) |
| TATA: -0.07 (NI 174.8m - CFO 321.2m) / TA 2.22b) |
| Beneish M = -1.70 (Cap -4..+1) = CCC |
As of October 31, 2026, the stock is trading at CAD 31.30 with a total of 558,981 shares traded. Over the past week, the price has changed by +2.72%, over one month by +10.44%, over three months by -1.01% and over the past year by +30.98%.
Current recommended Stop Loss: 30.40 (which is 2.9% or 1.6 ATR below the current price).
Topaz Energy has no consensus analysts rating.
P/E Trailing = 27.2054
P/E Forward = 25.1889
P/S = 12.8133
P/B = 3.191
Revenue TTM = 359.8m CAD
EBIT TTM = 253.2m CAD
EBITDA TTM = 405.8m CAD
Long Term Debt = 545.4m CAD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 545.4m CAD (from shortLongTermDebtTotal, last quarter)
Net Debt = 544.2m CAD (calculated: Debt 545.4m - CCE 1.23m)
Enterprise Value = 5.27b CAD (4.73b + Debt 545.4m - CCE 1.23m)
Interest Coverage Ratio = 10.02 (Ebit TTM 253.2m / Interest Expense TTM 25.3m)
EV/FCF = 16.72x (Enterprise Value 5.27b / FCF TTM 315.3m)
FCF Yield = 5.98% (FCF TTM 315.3m / Enterprise Value 5.27b)
FCF Margin = 87.61% (FCF TTM 315.3m / Revenue TTM 359.8m)
Net Margin = 48.58% (Net Income TTM 174.8m / Revenue TTM 359.8m)
Gross Margin = 64.86% ((Revenue TTM 359.8m - Cost of Revenue TTM 126.4m) / Revenue TTM)
Gross Margin QoQ = 67.05% (prev 61.53%)
Tobins Q-Ratio = 2.38 (Enterprise Value 5.27b / Total Assets 2.22b)
Interest Expense / Debt = 4.64% (Interest Expense 25.3m / Debt 545.4m)
Taxrate = 23.37% (53.3m / 228.1m)
NOPAT = 194.1m (EBIT 253.2m * (1 - 23.37%))
Current Ratio = 3.48 (Total Current Assets 76.6m / Total Current Liabilities 22.0m)
Debt / Equity = 0.36 (Debt 545.4m / totalStockholderEquity, last quarter 1.51b)
Debt / EBITDA = 1.34 (Net Debt 544.2m / EBITDA 405.8m)
Debt / FCF = 1.73 (Net Debt 544.2m / FCF TTM 315.3m)
Total Stockholder Equity = 1.44b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.63% (Net Income 174.8m / Total Assets 2.22b)
RoE = 12.16% (Net Income TTM 174.8m / Total Stockholder Equity 1.44b)
RoCE = 12.77% (EBIT 253.2m / Capital Employed (Equity 1.44b + L.T.Debt 545.4m))
RoIC = 8.85% (NOPAT 194.1m / Invested Capital 2.19b)
WACC = 5.48% (E(4.73b)/V(5.27b) * Re(5.70%) + D(545.4m)/V(5.27b) * Rd(4.64%) * (1-Tc(0.23)))
Discount Rate = 5.70% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 88.15 | Cagr: 3.03%
[DCF] Terminal Value 75.44% ; FCFF base≈315.3m ; Y1≈316.6m ; Y5≈335.3m
[DCF] Fair Price = 30.11 (EV 5.22b - Net Debt 544.2m = Equity 4.67b / Shares 155.2m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: 86.91 | EPS CAGR: 34.24% | SUE: -0.84 | # QB: -2
Revenue Correlation: 47.33 | Revenue CAGR: 1.91% | SUE: -1.72 | # QB: -1
EPS current Quarter (2026-09-30): EPS=0.29 | Chg30d=N/A | Revisions=+0% | Analysts=1
EPS current Year (2026-12-31): EPS=1.22 | Chg30d=+30.50% | Revisions=+0% | GrowthEPS=+48.8% | GrowthRev=+24.2%
EPS next Year (2027-12-31): EPS=1.25 | Chg30d=-15.54% | Revisions=+0% | GrowthEPS=+2.5% | GrowthRev=+5.8%