Topaz Energy Corp (TPZ) Fair Value & Analysis
Energy · CA · Market cap C$4.8B
Fair value as of: Aug 13, 2026
From 22 valuation models · updated today
Share price −2.2% over the past month.
A solid business, but screening 70% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (C$12.69). The favourable scenario is already priced in.
- Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range C$10.92 – C$33.18 · fair‑value band C$8.45 – C$12.69 · the C$30.48 price screens above the C$9.21 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Topaz Energy Corp (TPZ) currently trades at C$30.48, while our model-based Fair Value estimate is C$9.21, implying the stock looks roughly 69.8% overvalued today. The Quality Score stands at 63/100 (solid quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Topaz Energy Corp generated revenue of C$154M at a net margin of 15.1%. Revenue grew 2.6% year over year. It earns a return on equity of 8.3%. Net debt stands at C$570M. Fundamentals as of Aug 13, 2026
Our scenario range runs from C$8.45 (bear case) to C$12.69 (bull case); at C$30.48, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 10% below its 52-week high and 29% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -39% fair-value upside, at -70%, TPZ screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 22 models by family
Widest divergence: Growth DCF (C$38.44) versus Economic Profit (C$4.64). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 62 · Market factors (momentum, volatility) 68
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Topaz Energy Corp. operates as a royalty and infrastructure energy company in Canada. It operates through Royalty Production and Infrastructure segments. The company holds royalty interests on approximately 9 million gross acres of developed and undeveloped lands.
Full company description
Topaz Energy Corp. operates as a royalty and infrastructure energy company in Canada. It operates through Royalty Production and Infrastructure segments. The company holds royalty interests on approximately 9 million gross acres of developed and undeveloped lands. It is also involved in operating natural gas processing facilities; and associated crude oil and condensate handling facilities, as well as water management infrastructure. The company was formerly known as Exshaw Oil Corp. and changed its name to Topaz Energy Corp. in November 2019. Topaz Energy Corp. was incorporated in 2006 and is based in Calgary, Canada.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Topaz Energy Corp reported revenue of C$325M in FY2025 versus C$212M in FY2021, a compound +11.3%/yr. Reported net income was C$129M in FY2025, compounding +47.0%/yr from FY2021.
TPZ screens 70% overvalued. Compare with Enbridge Inc →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Topaz Energy Corp (TPZEF) (Q2 2026) Earnings Call Highlights: Record Liquids Production and ...
- Topaz Energy Misses Q2 Estimates, Raises 2026 Royalty Production Outlook
- TOPAZ ANNOUNCES SECOND QUARTER 2026 FINANCIAL RESULTS, TUCK-IN ACQUISITION AND GUIDANCE INCREASE
- TOPAZ ENERGY CORP. ANNOUNCES RESULTS OF ITS ANNUAL MEETING OF SHAREHOLDERS
Peer Group
Oil & Gas Midstream · 90 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Oil & Gas Midstream median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 45/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Oil & Gas Midstream stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Enbridge Inc ENB | $51.44 | $35.83 | -30% |
| The Williams Companies, Inc WMB | $73.70 | $11.73 | -84% |
| Enterprise Products Partners L.P. EPD | $37.92 | $24.74 | -35% |
| TC Energy Corporation TRP | C$88.72 | C$24.53 | -72% |
| Kinder Morgan, Inc KMI | $31.73 | $10.92 | -66% |
| Energy Transfer LP, ET | $20.95 | $11.45 | -45% |
| MPLX LP owns and MPLX | $59.94 | $36.42 | -39% |
| ONEOK, Inc OKE | $92.47 | $58.62 | -37% |
| Targa Resources Corp TRGP | $268.67 | $79.61 | -70% |
| Cheniere Energy, Inc LNG | $268.11 | $199.99 | -25% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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