International Petroleum Corp (IPCO) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of International Petroleum Corp stock C$10.56, price C$35.45, that is 70.2% below the price, quality 44 out of 100. Rating: strongly overvalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range C$5.02 – C$40.29 · fair‑value band C$7.92 – C$14.20 · the C$35.45 price screens above the C$10.56 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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International Petroleum Corporation explores for, develops, and produces oil and gas. The company holds a portfolio of oil and gas production assets and development projects in Canada, Malaysia, and France.
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International Petroleum Corporation was incorporated in 2017 and is based in Vancouver, Canada.
Stock analysis
International Petroleum Corp (IPCO) currently trades at C$35.45, while our model-based Fair Value estimate is C$10.56, 70% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of C$7.75 per share, and 0 of the 14 models we run sit above the C$35.45 price.
Bear case: the Earnings-Based group reads lowest at C$4.67, and 14 of the 14 models stay below the price. Data coverage for this calculation is low.
Scenario range: C$7.92 (bear) to C$14.20 (bull), the price of C$35.45 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 44/100 (below-average quality), in the Energy sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
International Petroleum Corp reported revenue of $772M in FY2025 versus $741M in FY2021, a compound +1.0%/yr. Reported net income was $28.9M in FY2025, compounding −33.3%/yr from FY2021.
Key figures
Market cap C$4.0B (≈ $2.9B) Mid · P/E ratio 36.9 · P/S ratio 1.38 · EPS (TTM) C$0.9600 · Net margin 3.7% · Return on equity 8.3% · Return on assets (EBIT) 17.2% (5-year average) · Operating margin 20.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 51% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at 10% fair-value upside, at −70%, IPCO screens richer than that median.
Fair Value models
BearC$7.92Fair Value C$10.56BullC$14.20
Price C$35.45 · Downside -70.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (C$0.8232 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual IncomeC$8.08C$7.98C$8.3674
EPVC$2.99C$4.43C$5.6773
ROIC CompounderC$2.99C$4.43C$5.6769
All 15 models by family
Earnings-Based
Graham-DoddC$2.49C$12.18C$16.7862
Lynch FVC$3.27C$4.67C$6.0759
PEG = 1.0C$3.27C$4.67C$6.0755
EPVC$2.99C$4.43C$5.6773
Dividend Discount
Gordon GGMn/an/aC$0.010063
Multiples
P/E MultipleC$3.84C$5.12C$6.4063
P/S MultipleC$4.67C$6.22C$7.7858
P/B MultipleC$12.43C$16.57C$20.7255
EV/EBITC$2.93C$5.92C$8.9263
EV/EBITDAC$6.71C$10.97C$15.2366
EV/RevenueC$2.13C$5.65C$9.1650
Asset-Based
NCAV (Graham)C$5.79C$7.75C$11.5754
Economic Profit
Residual IncomeC$8.08C$7.98C$8.3674
ROIC CompounderC$2.99C$4.43C$5.6769
Growth Earnings
Growth-Adj P/EC$4.16C$5.94C$7.7265
The fair value above starts from this blend and is adjusted for a cyclical trough year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−15.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−11.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+17.8%
Start year 2020 (pandemic). Over 10 years: +16.2% a year
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.7%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−19.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−19.7%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−19.7% vs −7.8%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−25% → 12%
News mood ⓘNews mood, the average tone of recent news (64 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: Early first oil at Blackrod sets up a ramp to scaled low-cost output, yet the business shows limited durable advantages with low margins and negative free cash flow.
Main risk: Commodity price swings in the E&P sector threaten to widen negative free cash flow and further compress already thin margins.
International Petroleum reached first oil at Blackrod Phase 1 ahead of schedule and on budget. This sets up a ramp to 30,000 barrels per day of long-life low-cost production by late 2027. Our models see the shares as overvalued, so does the project success outweigh the thin earnings enough to close the gap, or has the market already priced in the growth?
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Peer Groupⓘ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.Oil & Gas E&P · 239 stocks
Beats the industry median on 1/12 measures
Overall it trails its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside−70.2% · Bottom 25%
Profitability
Return on equity (12 months)8.3% · Above median
Return on assets1.5% · Below median
Net margin (12 months)10.5% · Below median
Operating margin (12 months)20.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)23.0% · Below median
Balance sheet
Debt / equity0.52× · Above median
Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper
P/E (12 months)36.9× · Priciest 25%
P/B3.09× · Priciest 25%
P/S (12 months)3.87× · Pricier than median
EV/EBITDA12.7× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 23
FUTURE (revenue growth)100· sector 100
PAST (return on equity)33· sector 30
HEALTH (low debt)74· sector 85
DIVIDEND (yield)0· sector 72
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is International Petroleum Corp (IPCO) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of C$10.56 versus a price of C$35.45, about 70% lower (overvalued).
What is the fair value of IPCO?
Our model-based fair value for International Petroleum Corp is C$10.56 (as of Nov 6, 2026), built from audited fundamentals. The current price: C$35.45.
What is the quality score of IPCO?
International Petroleum Corp has a Quality Score of 44/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for International Petroleum Corp (IPCO)?
Our model-based price target is the fair value of C$10.56 (as of Nov 6, 2026) from 15 valuation models. Cautious scenario C$7.92, optimistic scenario C$14.20. It is a calculation from audited fundamentals, not an analyst target.
What is the International Petroleum Corp stock forecast for 2026?
Our models put fair value at C$10.56, about 70% lower versus a price of C$35.45 (overvalued). Cautious scenario C$7.92, optimistic scenario C$14.20. The calculation is refreshed regularly with new filings.
What is the revenue of International Petroleum Corp (IPCO)?
International Petroleum Corp reported trailing-twelve-month revenue of about $742M (latest available figure, as of Nov 6, 2026).
What is the intrinsic value of International Petroleum Corp (IPCO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For International Petroleum Corp it is C$10.56 per share (as of Nov 6, 2026), against a price of C$35.45. It is the blended result of 15 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is International Petroleum Corp stock overvalued or undervalued in 2026?
As of Nov 6, 2026, IPCO trades above its calculated fair value: price C$35.45, fair value C$10.56, a gap of about −70% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of IPCO?
No. The price is what the market pays today (C$35.45); the fair value is what the company's own numbers justify (C$10.56). For International Petroleum Corp the two are C$24.89 per share apart. That gap is exactly why we show both numbers side by side.
How much is International Petroleum Corp worth?
The market values International Petroleum Corp at about C$4.0B (market capitalisation, as of Nov 6, 2026). Per share that is C$35.45; our models calculate a fair value of C$10.56 per share.
What do the bullish and bearish scenarios say about IPCO?
Our models span a range for International Petroleum Corp: cautious scenario C$7.92, base C$10.56, optimistic C$14.20 per share (as of Nov 6, 2026, price C$35.45). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IPCO?
International Petroleum Corp trades at a price-to-earnings ratio of 36.9 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$10.56 is built from several models across several years. Other multiples: P/B 3.1, P/S 3.9, EV/EBITDA 12.7.
How solid is the balance sheet of International Petroleum Corp (IPCO)?
Balance-sheet figures for International Petroleum Corp (as of Nov 6, 2026): return on equity 8.3%, debt of 0.52 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is IPCO from its 52-week high?
International Petroleum Corp trades at C$35.45, about 12% below its 52-week high of C$40.29 and 51% above the low of C$23.47 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of C$10.56 is for.
Which stocks are comparable to International Petroleum Corp?
From the same area (Energy) we also value ConocoPhillips explores for,, CNOOC Limited, Canadian Natural Resources Limited, EOG Resources, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is International Petroleum Corp stock attractive at the current price?
The data as of Nov 6, 2026: price C$35.45, calculated fair value C$10.56 (−70%), Quality Score 44/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of IPCO calculated?
We run International Petroleum Corp through 15 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of C$10.56 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. International Petroleum Corp itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of International Petroleum Corp (IPCO)?
The closing price on Nov 6, 2026 was C$35.45. Our model-based fair value is C$10.56, about 70% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with International Petroleum Corp right now?
The price sits above even our optimistic bull case (C$14.20). The favourable scenario is already priced in. Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of International Petroleum Corp
How large is the market capitalisation of International Petroleum Corp (IPCO)?
The market capitalisation of International Petroleum Corp is C$4.0B (≈ $2.9B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of International Petroleum Corp (IPCO)?
The price-to-sales ratio of International Petroleum Corp is 1.38 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of International Petroleum Corp (IPCO)?
Earnings per share at International Petroleum Corp are C$0.9600 (price ÷ EPS = P/E 36.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of International Petroleum Corp (IPCO)?
The net margin of International Petroleum Corp is 3.7% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of International Petroleum Corp (IPCO)?
The return on equity (ROE) of International Petroleum Corp is 8.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of International Petroleum Corp (IPCO)?
On an EBIT basis the return on assets of International Petroleum Corp is 17.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of International Petroleum Corp (IPCO)?
The operating margin of International Petroleum Corp is 20.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at International Petroleum Corp (IPCO)?
Revenue at International Petroleum Corp is growing +23.0% versus a year earlier (3y avg −11.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at International Petroleum Corp (IPCO)?
Earnings per share at International Petroleum Corp are growing +16.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does International Petroleum Corp (IPCO) generate?
The free cash flow of International Petroleum Corp is −$152M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does International Petroleum Corp (IPCO) carry?
The net debt of International Petroleum Corp is $480M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 6, 2026