Fair value · VERMILION ENERGY INC. (VET) · updated 2026-10-29 · from 40-F FY2025
VERMILION ENERGY trades at $13.64. That price implies 19.2× EV/EBITDA and a 7.8% free-cash-flow yield.
Cboe · delayed 15 min · as of 20:05 ET
Statements filed in CAD, converted to USD at the 2025-12-31 period-end rate (1.3692 CAD per USD; ECB reference rates).
Are those assumptions reasonable? Use VET’s filed growth history and the AI chat to decide, then set your own inputs below — the range you build is yours.
What the price implies
- EV/EBITDA
- 19.2×
- FCF yield
- 7.8%
(market cap + net debt) ÷ EBITDA
free cash flow ÷ enterprise value (12.7× EV/FCF)
Prices and market caps: Cboe delayed data, at least 15 minutes delayed. Not real-time. Fundamentals from company filings. This price: Cboe · delayed 15 min · as of 20:05 ET.
With preset inputs the methods land at $9.36 – $20 (presets are filed history and our reference settings, not a recommendation)
With EvidInvest's preset inputs, 2 valuation methods put VERMILION ENERGY INC. (VET)'s fair value between $9.36 and $19.70 per share (25th–75th percentile of the methods), against a price of $13.64 on . Inputs come from the FY2025 40-F filed (accession 0001104659-26-023553); set your own on the sliders below. Research, not investment advice.
How each method got its number
Bear, base and bull are the 25th, 50th and 75th percentile of the methods that produced a usable estimate. Weights say how much a method is trusted for this sector; they do not change the range.
| Method | Estimate | vs price | Weight | Why this method |
|---|---|---|---|---|
EV/EBITDA Medium weight Values the whole business at 10× EBITDA and divides by the share count. A mid-cycle industrial multiple; fast growers trade far above it. | $4.19 | -69% | Medium weight | Values the whole business at 10× EBITDA and divides by the share count. A mid-cycle industrial multiple; fast growers trade far above it. |
EV/FCF Medium weight 20× free cash flow per share, i.e. a 5% cash yield. Reads low for companies the market expects to keep growing. Based on latest annual FCF (quarterly TTM unavailable) | $25 | +82% | Medium weight | 20× free cash flow per share, i.e. a 5% cash yield. Reads low for companies the market expects to keep growing. |
DCF High weight Projects free cash flow for the coming years and discounts it back to today. The most complete method, and the most sensitive to the growth and discount-rate assumptions. estimate at or below $0, or more than 4× away from the price | Not meaningful for this company | High weight | Projects free cash flow for the coming years and discounts it back to today. The most complete method, and the most sensitive to the growth and discount-rate assumptions. | |
P/E vs sector Medium weight Trailing diluted EPS times the sector median P/E. What the stock would be worth if the market priced it like an average peer. Negative or unavailable EPS | No estimate | Medium weight | Trailing diluted EPS times the sector median P/E. What the stock would be worth if the market priced it like an average peer. | |
Growth-trajectory DCF Medium weight A two-stage DCF that grows earnings at the company’s own EPS trend, then fades to the industry’s long-run rate. No trajectory data available | No estimate | Medium weight | A two-stage DCF that grows earnings at the company’s own EPS trend, then fades to the industry’s long-run rate. | |
P/B vs sector Medium weight Sector median price-to-book times book value per share. Works for banks and asset-heavy businesses, says little about software. P/B comparable is optional for non-financial companies | No estimate | Medium weight | Sector median price-to-book times book value per share. Works for banks and asset-heavy businesses, says little about software. | |
Graham Number Medium weight Benjamin Graham’s 1949 rule of thumb: √(22.5 × EPS × book value). It punishes asset-light companies, so it reads low for big tech. Requires positive EPS | No estimate | Medium weight | Benjamin Graham’s 1949 rule of thumb: √(22.5 × EPS × book value). It punishes asset-light companies, so it reads low for big tech. | |
Earnings Power Value Medium weight Greenwald’s Earnings Power Value: what current earnings are worth if they never grow. Everything above it is what you pay for growth. Negative operating earnings | No estimate | Medium weight | Greenwald’s Earnings Power Value: what current earnings are worth if they never grow. Everything above it is what you pay for growth. | |
What this means
- A range of $9.36 to $20 means the methods disagree by more than 2×. They measure different things — cash the business earns today versus growth the market expects tomorrow — so treat the range as a rough guide, not a target.
- The base case, $15, is the median of the 2 methods with data. It assumes VERMILION ENERGY’s current margins, cash generation and share count persist; it does not price in a new product cycle, a recession or a buyback surge.
- The number moves when the filings move: the next quarterly statement replaces the oldest quarter in the trailing-twelve-month EPS and cash-flow inputs. The price changes every day; the fair value only changes with the filings.
The filing behind these numbers
VERMILION ENERGY INC.- Revenue
- CAD 1.8B
- Diluted EPS
- CAD -4.25
- Free cash flow
- CAD 326.1M
- operating cash flow − capital expenditure
- Diluted shares
- 153.9M
- weighted average
40-F FY2025 · fiscal year ended 2025-12-31 · filed 2026-03-04 · accession 0001104659-26-023553
Open this filing on sec.gov