Spartan Delta Corp (SDE.TO) Valuation — DCF, Graham & Comparables

Spartan Delta Corp (SDE.TO) — Price $14.87 (closing price, October 28, 2026) — Energy — Oil & Gas Exploration & Production — TSX

Latest reported results:

Valuation dashboard for Spartan Delta Corp (SDE.TO) with P/E 42.24, P/B 4.15, EV/EBITDA 9.33 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Energy companies.

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.

Analysis Summary

Spartan Delta Corp reported revenue of 370.0M CAD in the most recent fiscal year, growing at a 5-year CAGR of 30.0%. Net income reached 70.0M CAD, with a 8.0% 5-year CAGR.

Trailing-twelve-month margins: gross margin 42.0%, operating margin 35.3%, net margin 13.8%.

At $14.87 (closing price, October 28, 2026), SDE.TO trades at a P/E of 42.24 and an ROE of 10.71%. Market capitalisation stands at $2.2B.

Balance sheet quality for SDE.TO: current ratio of 0.9. 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 Ratio42.24
Price / Book4.15
EV / EBITDA9.33
Dividend Yield0.00%

Valuation Models

DCF Fair Value$1.91
vs Current Price-87.2%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
SDE.TOSpartan Delta Corp$2.2B42.244.1510.7%
HWX.TOHeadwater Exploration Inc.$2.5B18.834.2924.2%
VET.TOVermilion Energy Inc.$2.9B1.36-19.5%
COPConocoPhillips$179.1B19.742.7714.3%
0QZA.LConocoPhillips$177.4B19.952.8014.3%
CNQ.TOCanadian Natural Resources Limited$157.1B13.573.4126.7%
CNQCanadian Natural Resources Limited$113.0B13.363.3626.7%
EOGEOG Resources, Inc.$84.4B12.522.6622.4%

Price

Price$14.87 (closing price, October 28, 2026)
Market Cap$2.2B
ExchangeTSX
CountryCA

Profitability

Return on Equity10.71%
Return on Invested Capital13.01%
Return on Assets5.00%
Gross Margin41.96%
Operating Margin35.35%
Net Margin13.77%

Related companies: HWX.TO · VET.TO · COP · 0QZA.L · CNQ.TO · CNQ · EOG · 0IDR.L

Explore sector: Energy · Oil & Gas Exploration & Production

More sections of SDE.TO: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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