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Tenaz Energy Corp (ATUUF) Fair Value & Analysis

Energy · US · Market cap $1.2B

TE Tenaz Energy Corp logo Tenaz Energy Corp ATUUF · US
Price$39.36
Fair Value$17.23
Upside-56.2%
Quality38/100
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Expensive Growth
Highly profitable · 52.6% net margin
Moderate debt · generates free cash flow
Trails peers (4/13)
Moderate moat 48/100
Evidence: High Range $10.81 – $33.36 Share as image

Fair value as of: Jul 14, 2026

From 21 valuation models · updated 27 days ago

Share price +19.1% over the past month.

Below-average quality, and screening another 56% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($33.36). The favourable scenario is already priced in.
  • Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide ($10.81 to $33.36). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

$49.65 $0.7915 Fair Value $17.23 May 2018 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range $0.7915 – $49.65 · fair‑value band $10.81 – $33.36 · the $39.36 price screens above the $17.23 fair value. Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Tenaz Energy Corp (ATUUF) currently trades at $39.36, while our model-based Fair Value estimate is $17.23, implying the stock looks roughly 56.2% overvalued today. The Quality Score stands at 38/100 (below-average 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, Tenaz Energy Corp generated revenue of $399M at a net margin of 52.6%. It earns a return on equity of 100.8%. Net debt stands at $238M. The stock trades on a trailing P/E of 7.6. Fundamentals as of Jul 14, 2026

Our scenario range runs from $10.81 (bear case) to $33.36 (bull case); at $39.36, 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 21% below its 52-week high and 200% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -26% fair-value upside, at -56%, ATUUF 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $12.49 $26.24 $47.85 80
Residual Income $67.21 $115.13 $2,552 76
Rev-Margin DCF $3.73 $8.93 $20.01 74
All 21 models by family
DCF Models
FCF DCF $13.76 $23.03 $50.71 38
Owner Earnings $133.34 $283.21 $561.30 31
5Y Revenue Exit $2.94 $6.97 $15.20 39
5Y EBITDA Exit $11.97 $25.22 $51.16 41
5Y P/E Exit $69.77 $181.28 $336.13 38
10Y Revenue Exit $6.50 $15.49 $19.30 36
10Y EBITDA Exit $12.67 $33.23 $68.23 37
10Y P/E Exit $51.22 $146.73 $309.80 35
Earnings-Based
Graham-Dodd $65.36 $455.80 $639.65 54
Lynch FV $235.48 $336.41 $437.33 50
PEG = 1.0 $235.48 $336.41 $437.33 46
Multiples
P/E Multiple $100.92 $134.56 $168.20 63
P/S Multiple $7.79 $10.38 $12.98 58
P/B Multiple $18.01 $24.01 $30.02 55
EV/EBITDA $10.83 $16.56 $22.30 54
EV/Revenue $0.7700 43
Asset-Based
NCAV (Graham) $6.67 $8.94 $13.34 50
Growth DCF
Growth DCF $12.49 $26.24 $47.85 80
Rev-Margin DCF $3.73 $8.93 $20.01 74
Economic Profit
Residual Income $67.21 $115.13 $2,552 76
Growth Earnings
Growth-Adj P/E $275.99 $394.27 $512.55 68

Widest divergence: Growth Earnings ($394.27) versus Growth DCF ($8.93). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $399M
Revenue growth (YoY) +705%
Net margin 52.6%
Return on equity 101%
Free cash flow $48.6M FY2025
P/E ratio 7.6
More key figures
Operating margin -131%
EPS (TTM) $4.82
EPS growth (YoY) +14,325%
Net debt $238M FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 38/100

Of which business quality 41 · Market factors (momentum, volatility) 66

Profitability 56
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 46
Earnings quality: real cash, not paper profit
Fin. Strength 38
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 39
Calm price path (market factor)
Momentum 72
Price trend over the last 3–12 months (market factor)
52W Momentum 86
Distance to the 52-week high (market factor)
Net Issuance 27
Buybacks instead of dilution

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

Tenaz Energy Corp., an energy company, engages in the acquisition and development of oil and gas assets in Canada and the Netherlands. The company operates natural gas assets in the Dutch sector of the North Sea. It also develops crude oil and natural gas at the Leduc-Woodbend area in central Alberta, Canada.

Full company description

Tenaz Energy Corp., an energy company, engages in the acquisition and development of oil and gas assets in Canada and the Netherlands. The company operates natural gas assets in the Dutch sector of the North Sea. It also develops crude oil and natural gas at the Leduc-Woodbend area in central Alberta, Canada. The company was formerly known as Altura Energy Inc. Tenaz Energy Corp. is headquartered in Calgary, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tenaz Energy Corp reported revenue of $284M in FY2025 versus $17.8M in FY2021, a compound +99.8%/yr. Reported net income was $315M in FY2025, compounding +148.0%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$284M
Latest YoY
+350.6%
Avg. growth/yr (3Y)
+102.7%
Avg. growth/yr (5Y)
+101.2%
Avg. growth/yr (17Y)
+76.0%
Revenue +99.8%/yr
FY21 $17.8M
FY22 $34.1M
FY23 $60.0M
FY24 $63.0M
FY25 $284M
Net income +148.0%/yr
FY21 $8.3M
FY22 $5.2M
FY23 $26.5M
FY24 −$7.7M
FY25 $315M

ATUUF screens 56% overvalued. Compare with CNOOC Limited →

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Cite: Fair Value Calculator (2026). "Tenaz Energy Corp Fair Value". https://www.fairvalue-calculator.com/stock/ATUUF

Peer Group

Oil & Gas E&P · 315 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.

Quality Score 38 · Below median
Fair Value upside −56% · Bottom 25%
Return on equity (TTM) 101% · Top 25%
Return on assets -5% · Bottom 25%
Net margin (TTM) 53% · Top 25%
Operating margin (TTM) -131% · Bottom 25%
Revenue growth 705% · Top 25%
Debt / equity 0.72× · Higher than 75% of peers

Valuation Multiples vs Oil & Gas E&P median · lower = cheaper

P/E (TTM) 7.6× · Cheaper than 75% of peers
P/B 2.73× · Pricier than 75% of peers
P/S (TTM) 3.00× · Pricier than median
P/FCF 24.6× · Pricier than 75% of peers
EV/EBITDA 29.1× · Pricier than 75% of peers

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 · sector 14
FUTURE 100 · sector 0
PAST 100 · sector 0
HEALTH 64 · sector 87
DIVIDEND 0 · sector 66

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

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 E&P stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
CNOOC Limited 600938 ¥28.97 ¥32.55 +12%
ConocoPhillips explores for, COP $109.04 $91.79 -16%
Canadian Natural Resources Limited CNQ $42.86 $31.54 -26%
EOG Resources, Inc EOG $139.89 $130.19 -7%
Occidental Petroleum Corporation OXY $54.86 $30.68 -44%
Diamondback Energy, Inc FANG $183.39 $106.12 -42%
Devon Energy Corporation DVN $43.83 $27.06 -38%
Woodside Energy Group WDS A$30.46 A$20.71 -32%
EQT Corporation EQT $48.85 $42.85 -12%
Texas Pacific Land Corporation TPL $415.70 $79.20 -81%

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Frequently asked questions

Is Tenaz Energy Corp (ATUUF) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of $17.23 versus a price of $39.36, about −56% (overvalued).
What is the fair value of ATUUF?
Our model-based fair value for Tenaz Energy Corp is $17.23 (as of Jul 14, 2026), built from audited fundamentals. The current price is $39.36.
What is the quality score of ATUUF?
Tenaz Energy Corp has a Quality Score of 38/100. 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 revenue of Tenaz Energy Corp (ATUUF)?
Tenaz Energy Corp reported trailing-twelve-month revenue of about $399M (latest available figure, as of Jul 14, 2026).
What is the net profit margin of ATUUF?
The net profit margin of Tenaz Energy Corp is about 52.6%, meaning it keeps roughly 52.6% of revenue as net income. Based on the latest reported figures.

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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