Valuation dashboard for Headwater Exploration Inc. (HWX.TO) with P/E 18.83, P/B 4.29, EV/EBITDA 9.31 and dividend yield 3.13%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Energy companies.
Headwater Exploration Inc. is a smaller-scale resource firm primarily focused on discovering, developing, and extracting petroleum and natural gas. Its activities are concentrated within the Western Canadian Sedimentary Basin and onshore regions of New Brunswick.
Analysis Summary
Headwater Exploration Inc. reported revenue of 514.3M CAD in the most recent fiscal year, growing at a 5-year CAGR of 122.2%. Net income reached 153.2M CAD, with a 87.0% 5-year CAGR.
Trailing-twelve-month margins: gross margin 53.8%, operating margin 39.1%, net margin 27.9%.
At $14.77 (closing price, October 28, 2026), HWX.TO trades at a P/E of 18.83 and an ROE of 24.24%. Market capitalisation stands at $2.5B.
Balance sheet quality for HWX.TO: current ratio of 1.2. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 18.83 |
| Price / Book | 4.29 |
| EV / EBITDA | 9.31 |
| Dividend Yield | 3.13% |
Valuation Models
| DCF Fair Value | $5.21 |
| vs Current Price | -64.7% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| HWX.TO | Headwater Exploration Inc. | $2.5B | 18.83 | 4.29 | 24.2% |
| TOU.TO | Tourmaline Oil Corp. | $18.8B | 71.27 | 1.68 | 2.4% |
| WCP.TO | Whitecap Resources Inc. | $17.7B | 17.49 | 2.16 | 12.9% |
| TVE.TO | Tamarack Valley Energy Ltd. | $5.1B | 205.02 | 3.77 | 1.3% |
| POU.TO | Paramount Resources Ltd. | $3.5B | 42.92 | 1.84 | 4.3% |
| SDE.TO | Spartan Delta Corp | $2.2B | 42.24 | 4.15 | 10.7% |
Price
| Price | $14.77 (closing price, October 28, 2026) |
| Market Cap | $2.5B |
| Exchange | TSX |
| Country | CA |
Profitability
| Return on Equity | 24.24% |
| Return on Invested Capital | 21.01% |
| Return on Assets | 16.96% |
| Gross Margin | 53.84% |
| Operating Margin | 39.13% |
| Net Margin | 27.85% |
Related companies: TOU.TO · WCP.TO · TVE.TO · POU.TO · SDE.TO
Explore sector: Energy · Oil & Gas Exploration & Production
More sections of HWX.TO: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
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