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MEG Energy Corp
TSX:MEG

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MEG Energy Corp Logo
MEG Energy Corp
TSX:MEG
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Price: 27.77 CAD -2.32%
Updated: Jun 14, 2024
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Intrinsic Value

MEG Energy Corp. engages in the production of in situ thermal oil. [ Read More ]

The intrinsic value of one MEG stock under the Base Case scenario is 30.09 CAD. Compared to the current market price of 27.77 CAD, MEG Energy Corp is Undervalued by 8%.

Key Points:
MEG Intrinsic Value
Base Case
30.09 CAD
Undervaluation 8%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
MEG Energy Corp

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Fundamental Analysis

Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
MEG Energy Corp

Current Assets 776m
Cash & Short-Term Investments 85m
Receivables 436m
Other Current Assets 255m
Non-Current Assets 6B
PP&E 5.7B
Intangibles 3m
Other Non-Current Assets 224m
Current Liabilities 550m
Accounts Payable 485m
Accrued Liabilities 12m
Other Current Liabilities 53m
Non-Current Liabilities 1.7B
Long-Term Debt 1.3B
Other Non-Current Liabilities 426m
Efficiency

Earnings Waterfall
MEG Energy Corp

Revenue
5.5B CAD
Cost of Revenue
-3.5B CAD
Gross Profit
2B CAD
Operating Expenses
-1B CAD
Operating Income
971m CAD
Other Expenses
-385m CAD
Net Income
586m CAD

Free Cash Flow Analysis
MEG Energy Corp

Last Value
3-Years Average
FCF Margin
Conversion Rate
Fundamental Scores

MEG Profitability Score
Profitability Due Diligence

MEG Energy Corp's profitability score is 55/100. The higher the profitability score, the more profitable the company is.

Exceptional 3-Years Revenue Growth
Positive Free Cash Flow
Positive Gross Profit
ROE is Increasing
55/100
Profitability
Score

MEG Energy Corp's profitability score is 55/100. The higher the profitability score, the more profitable the company is.

MEG Solvency Score
Solvency Due Diligence

MEG Energy Corp's solvency score is 59/100. The higher the solvency score, the more solvent the company is.

Low D/E
Long-Term Solvency
High Altman Z-Score
Short-Term Solvency
59/100
Solvency
Score

MEG Energy Corp's solvency score is 59/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

MEG Price Targets Summary
MEG Energy Corp

Wall Street analysts forecast MEG stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for MEG is 35.82 CAD with a low forecast of 30.3 CAD and a high forecast of 42 CAD.

Lowest
Price Target
30.3 CAD
9% Upside
Average
Price Target
35.82 CAD
29% Upside
Highest
Price Target
42 CAD
51% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

MEG Price
MEG Energy Corp

1M 1M
-10%
6M 6M
+14%
1Y 1Y
+37%
3Y 3Y
+218%
5Y 5Y
+452%
10Y 10Y
-30%
Annual Price Range
27.77
52w Low
19.82
52w High
33.43
Price Metrics
Average Annual Return 57.14%
Standard Deviation of Annual Returns 91.33%
Max Drawdown -85%
Shares Statistics
Market Capitalization 7.6B CAD
Shares Outstanding 272 376 000
Percentage of Shares Shorted 2.22%

MEG Return Decomposition
Main factors of price return

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Company Profile

MEG Energy Corp Logo
MEG Energy Corp

Country

Canada

Industry

Energy

Market Cap

7.6B CAD

Dividend Yield

0%

Description

MEG Energy Corp. engages in the production of in situ thermal oil. The company is headquartered in Calgary, Alberta and currently employs 411 full-time employees. The company went IPO on 2010-07-29. The firm is focused on thermal oil production in the southern Athabasca region of Alberta, Canada. The firm transports and sells its thermal oil production to refiners throughout North America and internationally. The firm is actively developing enhanced oil recovery projects that utilize steam-assisted gravity drainage (SAGD) extraction methods to improve the economic recovery of oil as well as lower carbon emissions. The firm's operating projects include Christina Lake Project, Surmont Project and Growth Properties. The Christina Lake Project is focused on oil development located in the southern Athabasca region, which is a multi-phased project located approximately 150 kilometres south of Fort McMurray in northeast Alberta. The Surmont project is located in the southern Athabasca region of Alberta, approximately 80 kilometres south of Fort McMurray.

Contact

ALBERTA
Calgary
600 - 3rd Avenue S.W., 21st Floor
+14037700446.0
http://www.megenergy.com/

IPO

2010-07-29

Employees

411

Officers

President, CEO & Director
Mr. Derek W. Evans B.Sc., P. Eng.
CFO & Head of IR Group
Mr. Ryan M. Kubik C.A., CPA, CFA
Chief Operating Officer
Ms. Darlene M. Gates
Senior VP of Legal, General Counsel & Corporate Secretary
Mr. Lyle S. Yuzdepski
Vice President of Operations
Mr. Thomas R. Gear
Senior Vice President of Human Resources
Mr. David Michael Granger

See Also

Discover More
What is the Intrinsic Value of one MEG stock?

The intrinsic value of one MEG stock under the Base Case scenario is 30.09 CAD.

Is MEG stock undervalued or overvalued?

Compared to the current market price of 27.77 CAD, MEG Energy Corp is Undervalued by 8%.