Vermilion Energy Inc.

TSX:VET Stock Report

Market Cap: CA$2.5b

Vermilion Energy Valuation

Is VET undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of VET when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: VET (CA$16.16) is trading below our estimate of future cash flow value (CA$34.4)

Significantly Below Future Cash Flow Value: VET is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VET?

Key metric: As VET is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for VET. This is calculated by dividing VET's market cap by their current revenue.
What is VET's PS Ratio?
PS Ratio1.4x
SalesCA$1.70b
Market CapCA$2.47b

Price to Sales Ratio vs Peers

How does VET's PS Ratio compare to its peers?

The above table shows the PS ratio for VET vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.2x
PXT Parex Resources
2.1x30.06%CA$2.5b
BIR Birchcliff Energy
2.8x9.25%CA$2.0b
FRU Freehold Royalties
8.9x2.55%CA$2.8b
AAV Advantage Energy
2.9x19.92%CA$1.8b
VET Vermilion Energy
1.4x5.16%CA$2.5b

Price-To-Sales vs Peers: VET is good value based on its Price-To-Sales Ratio (1.4x) compared to the peer average (4.2x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

How does VET's PS Ratio compare vs other companies in the CA Oil and Gas Industry?

17 CompaniesPrice / SalesEstimated GrowthMarket Cap
PKI Parkland
0.3x3.99%US$4.98b
GEI Gibson Energy
0.5x-0.07%US$3.73b
TWM Tidewater Midstream and Infrastructure
0.1x11.51%US$120.30m
SGQ SouthGobi Resources
0.1xn/aUS$85.43m
VET 1.4xIndustry Avg. 3.0xNo. of Companies26PS02.44.87.29.612+
17 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: VET is good value based on its Price-To-Sales Ratio (1.4x) compared to the Canadian Oil and Gas industry average (3x).

Price to Sales Ratio vs Fair Ratio

What is VET's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VET PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.4x
Fair PS Ratio2.4x

Price-To-Sales vs Fair Ratio: VET is good value based on its Price-To-Sales Ratio (1.4x) compared to the estimated Fair Price-To-Sales Ratio (2.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst VET forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$16.16
CA$15.82
-2.12%
7.42%CA$18.50CA$14.00n/a11
Mar ’27CA$14.65
CA$14.82
+1.15%
9.57%CA$18.50CA$13.00n/a11
Feb ’27CA$13.16
CA$14.27
+8.46%
6.22%CA$16.00CA$13.00n/a11
Jan ’27CA$11.42
CA$14.18
+24.18%
5.88%CA$16.00CA$13.00n/a11
Dec ’26CA$12.59
CA$13.64
+8.31%
6.65%CA$15.00CA$12.00n/a11
Nov ’26CA$10.49
CA$13.50
+28.69%
7.41%CA$15.00CA$12.00n/a11
Oct ’26CA$11.17
CA$13.73
+22.89%
10.69%CA$17.00CA$12.00n/a11
Sep ’26CA$10.37
CA$13.64
+31.50%
11.28%CA$17.00CA$12.00n/a11
Aug ’26CA$10.98
CA$13.50
+22.95%
12.93%CA$17.00CA$10.50n/a11
Jul ’26CA$9.94
CA$13.08
+31.62%
15.19%CA$17.00CA$10.00n/a12
Jun ’26CA$8.96
CA$12.59
+40.52%
16.31%CA$17.00CA$10.00n/a11
May ’26CA$8.55
CA$13.83
+61.79%
14.18%CA$17.00CA$10.50n/a12
Apr ’26CA$11.49
CA$16.29
+41.79%
12.68%CA$19.00CA$12.00n/a12
Mar ’26CA$12.29
CA$17.45
+41.99%
6.83%CA$19.00CA$16.00CA$14.6510
Feb ’26CA$13.39
CA$17.45
+30.32%
6.83%CA$19.00CA$16.00CA$13.1610
Jan ’26CA$13.53
CA$17.67
+30.62%
11.76%CA$23.75CA$16.00CA$11.4213
Dec ’25CA$14.37
CA$17.94
+24.86%
12.00%CA$23.75CA$15.00CA$12.5913
Nov ’25CA$12.93
CA$17.87
+38.17%
13.09%CA$23.75CA$15.00CA$10.4913
Oct ’25CA$13.56
CA$19.21
+41.68%
13.85%CA$23.75CA$15.00CA$11.1713
Sep ’25CA$13.87
CA$20.67
+49.05%
8.40%CA$23.75CA$18.00CA$10.3713
Aug ’25CA$13.87
CA$20.98
+51.27%
7.31%CA$23.75CA$18.00CA$10.9813
Jul ’25CA$15.06
CA$21.10
+40.08%
5.98%CA$23.75CA$19.00CA$9.9413
Jun ’25CA$16.86
CA$20.95
+24.24%
7.08%CA$23.75CA$18.00CA$8.9614
May ’25CA$15.52
CA$20.94
+34.94%
6.59%CA$23.75CA$19.00CA$8.5513
Apr ’25CA$16.92
CA$20.62
+21.84%
7.27%CA$23.75CA$18.00CA$11.4913
Mar ’25CA$15.48
CA$22.48
+45.22%
24.16%CA$40.50CA$18.00CA$12.2913
CA$15.82
Fair Value
2.2% overvalued intrinsic discount
11
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/16 07:58
End of Day Share Price 2026/03/13 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Vermilion Energy Inc. is covered by 23 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
Patrick O'RourkeATB Cormark
Laique Ahmad Amir ArifATB Cormark