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Condor Energies Inc (CDR) Fair Value & Analysis

Energy · CA · Market cap C$314M

CE Condor Energies Inc CDR · TO
PriceC$3.99
Fair ValueC$0.6545
Upside-83.6%
Quality18/100
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Mixed Growth
Loss-making · -10.6% net margin
Moderate debt · negative free cash flow
Trails peers (2/11)
Narrow moat 21/100
Evidence: Low Range C$0.4165 – C$0.8840 Share as image

Fair value as of: Jul 18, 2026

From 6 valuation models · updated 23 days ago

Share price +36.2% over the past month.

Below-average quality, and screening another 84% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (C$0.8840). The favourable scenario is already priced in.
  • Weak quality (18/100) 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.
  • A fairly wide model range (C$0.4165 to C$0.8840) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

C$3.99 C$0.2500 Fair Value C$0.6545 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range C$0.2500 – C$3.99 · fair‑value band C$0.4165 – C$0.8840 · the C$3.99 price screens above the C$0.6545 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Condor Energies Inc (CDR) currently trades at C$3.99, while our model-based Fair Value estimate is C$0.6545, implying the stock looks roughly 83.6% overvalued today. The Quality Score stands at 18/100 (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: low).

Over the trailing twelve months, Condor Energies Inc generated revenue of C$69.8M at a net margin of -10.6%. Revenue grew 1.4% year over year. It earns a return on equity of -9.1%. Net debt stands at C$11.9M. Fundamentals as of Jul 18, 2026

Our scenario range runs from C$0.4165 (bear case) to C$0.8840 (bull case); at C$3.99, 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 near its 52-week high and 196% 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 -84%, CDR 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (C$0.1000 to C$1.60). Read the values as a conservative anchor, not as a price target.
Model 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. Evidence
Highest evidence
ROIC Compounder C$0.4900 C$0.6300 C$0.7800 72
EPV C$0.4300 C$0.4800 C$0.5200 59
EV/EBITDA C$1.22 C$1.60 C$1.98 54
All 6 models by family
Earnings-Based
EPV C$0.4300 C$0.4800 C$0.5200 59
Multiples
EV/EBIT C$0.6200 C$0.7900 C$0.9700 53
EV/EBITDA C$1.22 C$1.60 C$1.98 54
EV/Revenue C$0.7300 C$1.00 C$1.28 43
Asset-Based
NCAV (Graham) C$0.0700 C$0.1000 C$0.1500 50
Economic Profit
ROIC Compounder C$0.4900 C$0.6300 C$0.7800 72

Widest divergence: Multiples (C$1.00) versus Asset-Based (C$0.1000). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) C$69.8M
Revenue growth (YoY) +1.4%
Net margin -10.6%
Return on equity -9.1%
Free cash flow −C$31.0M FY2025
Operating margin 5.7%
More key figures
EPS (TTM) C$-0.1100
Net debt C$11.9M FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 18/100

Of which business quality 23 · Market factors (momentum, volatility) 84

Profitability 17
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 99
Price trend over the last 3–12 months (market factor)
52W Momentum 98
Distance to the 52-week high (market factor)
Net Issuance 0
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

Condor Energies Inc., an oil and gas company, engages in the production of natural gas in Uzbekistan, Turkey, and Kazakhstan.

Full company description

Condor Energies Inc., an oil and gas company, engages in the production of natural gas in Uzbekistan, Turkey, and Kazakhstan. It owns 100% interests in the Poyraz Ridge and Destan operating licenses and gas fields located in Turkiye; and the Sayakbay and Kolkuduk exploration licenses in Kazakhstan for mining solid minerals, including lithium and other critical minerals. The company was formerly known as Condor Petroleum Inc. and changed its name to Condor Energies Inc. in June 2022. Condor Energies Inc. was incorporated in 2006 and is headquartered in Calgary, Canada.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Condor Energies Inc reported revenue of C$69.5M in FY2025 versus C$883K in FY2021, a compound +197.9%/yr. Reported net income was −C$4.2M in FY2025.

Growth Quality 30/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
C$69.5M
Latest YoY
+4.4%
Avg. growth/yr (3Y) 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.
+168.1%
Avg. growth/yr (5Y) 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.
+90.4%
Avg. growth/yr (15Y) 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.
+22.5%
Revenue +197.9%/yr
FY21 C$883K
FY22 C$3.6M
FY23 C$552K
FY24 C$66.6M
FY25 C$69.5M
Net income
FY21 −C$11.3M
FY22 −C$3.1M
FY23 −C$11.4M
FY24 −C$4.1M
FY25 −C$4.2M

CDR screens 84% overvalued. Compare with CNOOC Limited →

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Cite: Fair Value Calculator (2026). "Condor Energies Inc Fair Value". https://www.fairvalue-calculator.com/stock/CDR

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 18 · Bottom 25%
Fair Value upside −84% · Bottom 25%
Return on assets 3% · Above median
Net margin (TTM) -11% · Bottom 25%
Operating margin (TTM) 6% · Below median
Revenue growth 1% · Above median
Debt / equity 0.97× · Higher than 75% of peers

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

P/B 18.96× · Pricier than 75% of peers
P/S (TTM) 3.22× · Pricier than median
EV/EBITDA 11.6× · 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 7 · sector 0
PAST 0 · sector 0
HEALTH 52 · 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 18, 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 Condor Energies Inc (CDR) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of C$0.6545 versus a price of C$3.99, about −84% (overvalued).
What is the fair value of CDR?
Our model-based fair value for Condor Energies Inc is C$0.6545 (as of Jul 18, 2026), built from audited fundamentals. The current price is C$3.99.
What is the quality score of CDR?
Condor Energies Inc has a Quality Score of 18/100. 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 Condor Energies Inc (CDR)?
Condor Energies Inc reported trailing-twelve-month revenue of about C$69.8M (latest available figure, as of Jul 18, 2026).
What is the net profit margin of CDR?
The net profit margin of Condor Energies Inc is about -10.6%, meaning it is currently running at a net loss. 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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