Spartan Delta Corp (SDE.TO) is a publicly traded company in the Energy — Oil & Gas Exploration & Production industry listed on TSX. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Spartan Delta Corp. engages in the exploration, development, and production of crude oil and natural gas properties in Western Canada. Its assets are in Duvernay and Deep Basin in Canada. The company was formerly known as Return Energy Inc. and changed its name to Spartan Delta Corp. in May 2020. Spartan Delta Corp. was incorporated in 2006 and is headquartered in Calgary, Canada.
Is Spartan Delta Corp stock overvalued or undervalued in 2026?
Spartan Delta Corp (SDE.TO) trades at 42.2× earnings (P/E), against a median of 17.3× across the 140 energy companies above $2bn in Kaplio's universe. No valuation verdict: it is a cyclical and today's P/E (42.2) does not tell whether it is cheap.
Kaplio overview: Spartan Delta Corp
Market cap $2B · 52 weeks $6 – $15 (4 % below the high) · P/E 42.2× · Dividend none · Next earnings November 3, 2026 · expected EPS $0.12 · Closing price, Oct 28 · accounts published Jul 29.
- Valuation: P/E 42.2× (no verdict).
- Business: 5-year ROIC 19.5 % (excellent).
- Balance sheet: Net debt/EBITDA 0.1× (solid).
- Earnings: 2 of 8 (disappointing).
What would it be worth at its usual multiples?
No valuation verdict: it is a cyclical and today's P/E (42.2) does not tell whether it is cheap.
In cyclicals the P/E misleads: today's earnings are not the normal ones.
What matters in energy: 2 of 6 pass
- FCF yield −6.9 %, fails.
- Positive FCF through the cycle 3 de 10 ejercicios, fails.
- Capex / Revenue 85.7 %, fails.
- EV/EBITDA vs own 10y 9.3×, fails.
- 5y avg ROIC 19.5 %, passes.
- Net debt / EBITDA 0.1×, passes.
- P/E read in reverse (cyclicals) 42.2×, info.
Against its peers (reference peers) — Spartan Delta Corp: P/E 42.2×; EV/EBITDA 9.3×; ROIC 13.0 %; $2.2B. BKV Corporation (P/E 7.4×; EV/EBITDA 5.6×; ROIC 3.8 %; $2.2B), Vermilion Energy Inc. (P/E —; EV/EBITDA 4.0×; ROIC 8.4 %; $2.1B), Gulfport Energy Corp (P/E 6.6×; EV/EBITDA 4.2×; ROIC 18.4 %; $2.9B).
Expensive or cheap against its last 5 years?
P/E at each close: today 42.2× · median 5.2× · minimum 0.7× · maximum 53.3× · cheap below 3.9× · expensive above 33.3×. It has been cheaper than today 97% of the time over its last 5 years.
Profitability
| Return on Equity | 10.71% |
| Return on Invested Capital | 13.01% |
| Return on Assets | 5.00% |
| Gross Margin | 41.96% |
| Operating Margin | 35.35% |
| Net Margin | 13.77% |
Financial Health
| Debt / Equity | 0.30 |
| Current Ratio | 0.73 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 2.69 |
Price Performance
| 1 month | +14.94% |
| 3 months | +20.25% |
| Year-to-date | +97.38% |
| 1 year | +135.36% |
| 3 years | +226.71% |
| 5 years | +123.24% |
| 10 years | -28.45% |
Dividend History
| Date | Amount |
|---|---|
| 2023-07-13 | 0.1000 CAD |
| 2023-06-21 | 9.5000 CAD |
| 2022-12-14 | 0.5000 CAD |
Amounts adjusted for stock splits.
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Explore sector: Energy · Oil & Gas Exploration & Production
More sections of SDE.TO: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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