Suncor Energy Inc. (SU) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Suncor Energy Inc. (SU) stock price & volume — 10-year historical chart
Suncor Energy Inc. (SU) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Suncor Energy Inc. (SU) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $1.41vs $1.45-2.8% | $10.4Bvs $9.2B+12.9% |
| Q1 2026 | Feb 3, 2026 | $0.79vs $0.77+2.6% | $8.8Bvs $8.9B-1.7% |
| Q4 2025 | Nov 4, 2025 | $1.07vs $0.85+25.9% | $9.0Bvs $8.8B+2.5% |
| Q3 2025 | Aug 5, 2025 | $0.51vs $0.50+2.0% | $9.4Bvs $8.8B+6.1% |
Suncor Energy Inc. (SU) competitors in Oil sands and heavy oil integrated producers — business model, growth, and fundamentals comparison
Suncor Energy Inc. (SU) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Suncor Energy Inc. (SU) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 31.95B | 38.54B | 38.34B | 24.66B | 39.13B | 58.34B | 49.09B | 50.69B | 48.91B |
| Revenue Growth % | 19.2% | 20.62% | -0.51% | -35.68% | 58.67% | 49.07% | -15.85% | 3.25% | -3.51% |
| Cost of Goods Sold | 12.16B | 15.44B | 14.01B | 10.69B | 15.27B | 22.45B | 19.99B | 20.96B | 20.01B |
| COGS % of Revenue | 38.05% | 40.06% | 36.54% | 43.34% | 39.02% | 38.48% | 40.72% | 41.34% | 40.92% |
| Gross Profit | 19.8B▲ 0% | 23.1B▲ 16.7% | 24.33B▲ 5.3% | 13.97B▼ 42.6% | 23.86B▲ 70.8% | 35.89B▲ 50.4% | 29.1B▼ 18.9% | 29.73B▲ 2.2% | 28.89B▼ 2.8% |
| Gross Margin % | 61.95% | 59.94% | 63.46% | 56.66% | 60.98% | 61.52% | 59.28% | 58.66% | 59.08% |
| Gross Profit Growth % | 24.35% | 16.7% | 5.32% | -42.57% | 70.76% | 50.41% | -18.91% | 2.16% | -2.82% |
| Operating Expenses | 9.35B | 10.75B | 11.56B | 10.03B | 11.3B | 12.9B | 13.19B | 13.18B | 13.4B |
| OpEx % of Revenue | 29.26% | 27.89% | 30.15% | 40.69% | 28.89% | 22.12% | 26.87% | 25.99% | 27.41% |
| Selling, General & Admin | 9.35B | 10.75B | 11.56B | 10.03B | 11.3B | 12.9B | 13.19B | 13.18B | 13.4B |
| SG&A % of Revenue | 29.26% | 27.89% | 30.15% | 40.69% | 28.89% | 22.12% | 26.87% | 25.99% | 27.41% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 10.45B▲ 0% | 12.35B▲ 18.2% | 12.77B▲ 3.4% | 3.94B▼ 69.2% | 12.56B▲ 218.7% | 22.99B▲ 83.0% | 15.91B▼ 30.8% | 16.56B▲ 4.1% | 15.49B▼ 6.4% |
| Operating Margin % | 32.69% | 32.05% | 33.31% | 15.98% | 32.09% | 39.4% | 32.41% | 32.66% | 31.67% |
| Operating Income Growth % | 61.94% | 18.23% | 3.42% | -69.16% | 218.73% | 83.04% | -30.79% | 4.07% | -6.44% |
| EBITDA | 16.3B | 18.36B | 19.92B | 11.99B | 18.54B | 28.27B | 22.27B | 23.66B | 22.98B |
| EBITDA Margin % | 51% | 47.63% | 51.95% | 48.63% | 47.37% | 48.45% | 45.35% | 46.67% | 46.99% |
| EBITDA Growth % | 26.94% | 12.65% | 8.53% | -39.8% | 54.57% | 52.48% | -21.23% | 6.26% | -2.86% |
| D&A (Non-Cash Add-back) | 5.85B | 6B | 7.15B | 8.05B | 5.98B | 5.28B | 6.36B | 7.1B | 7.49B |
| EBIT | 4.53B | 6.6B | 2.06B | -5.64B | 6.02B | 17.15B | 9.5B | 9.25B | 8.69B |
| Net Interest Income | -117M | -819M | -900M | -942M | -897M | -757M | -681.06M | -694M | -550.55M |
| Interest Income | 162M | 34M | 89M | 94M | 64M | 149M | 94.01M | 0 | 191.84M |
| Interest Expense | 279M | 853M | 989M | 1.04B | 961M | 906M | 775.07M | 694M | 742.39M |
| Other Income/Expense | -4.53B | -7.37B | -10.24B | -10.04B | -6.99B | -10.67B | -5.32B | -8.37B | -7.54B |
| Pretax Income | 5.92B▲ 0% | 4.98B▼ 15.8% | 2.53B▼ 49.2% | -6.1B▼ 340.7% | 5.57B▲ 191.4% | 12.32B▲ 121.1% | 10.59B▼ 14.0% | 8.19B▼ 22.7% | 7.95B▼ 2.9% |
| Pretax Margin % | 18.51% | 12.93% | 6.61% | -24.72% | 14.23% | 21.11% | 21.57% | 16.15% | 16.25% |
| Income Tax | 1.46B | 1.69B | 366M | 1.78B | 1.45B | 3.24B | 2.29B | 2.17B | 2.03B |
| Effective Tax Rate % | 24.65% | 33.92% | 14.45% | -29.16% | 26.05% | 26.3% | 21.66% | 26.52% | 25.54% |
| Net Income | 4.46B▲ 0% | 3.29B▼ 26.1% | 2.9B▼ 12.0% | -4.32B▼ 249.0% | 4.12B▲ 195.4% | 9.08B▲ 120.4% | 8.29B▼ 8.6% | 6.02B▼ 27.5% | 5.92B▼ 1.6% |
| Net Margin % | 13.95% | 8.54% | 7.56% | -17.51% | 10.53% | 15.56% | 16.9% | 11.87% | 12.1% |
| Net Income Growth % | 927.19% | -26.13% | -11.96% | -248.98% | 195.37% | 120.37% | -8.62% | -27.47% | -1.63% |
| Net Income (Continuing) | 4.46B | 3.29B | 2.9B | -4.32B | 4.12B | 9.08B | 8.29B | 6.02B | 5.92B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 2.68▲ 0% | 2.02▼ 24.6% | 1.86▼ 7.9% | -2.83▼ 252.2% | 2.77▲ 197.9% | 6.53▲ 135.7% | 6.33▼ 3.1% | 4.72▼ 25.4% | 4.85▲ 2.8% |
| EPS Growth % | 892.59% | -24.63% | -7.92% | -252.15% | 197.88% | 135.74% | -3.06% | -25.43% | 2.75% |
| EPS (Basic) | 2.68 | 2.03 | 1.86 | -2.83 | 2.77 | 6.54 | 6.34 | 4.72 | 4.85 |
| Diluted Shares Outstanding | 1.67B | 1.63B | 1.56B | 1.53B | 1.49B | 1.39B | 1.31B | 1.28B | 1.22B |
| Basic Shares Outstanding | 1.66B | 1.62B | 1.56B | 1.53B | 1.49B | 1.39B | 1.31B | 1.27B | 1.22B |
| Dividend Payout Ratio | 47.64% | 70.85% | 90.17% | - | 37.63% | 28.6% | 33.14% | 46.59% | 47.43% |
Suncor Energy Inc. (SU) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 9.58B | 8.7B | 9.91B | 9.39B | 10.98B | 14.54B | 13.81B | 14.29B | 14.22B |
| Cash & Short-Term Investments | 2.67B | 2.22B | 1.96B | 1.89B | 2.21B | 1.98B | 1.73B | 3.48B | 3.65B |
| Cash Only | 2.67B | 2.22B | 1.96B | 1.89B | 2.21B | 1.98B | 1.73B | 3.48B | 3.65B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 3.44B | 3.32B | 4.18B | 3.88B | 4.66B | 6.31B | 6.71B | 5.76B | 5.45B |
| Days Sales Outstanding | 39.26 | 31.44 | 39.84 | 57.48 | 43.48 | 39.49 | 49.93 | 41.5 | 40.7 |
| Inventory | 3.47B | 3.16B | 3.76B | 3.62B | 4.11B | 5.06B | 5.37B | 5.04B | 5.12B |
| Days Inventory Outstanding | 104.12 | 74.68 | 97.98 | 123.52 | 98.24 | 82.25 | 97.96 | 87.8 | 93.32 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 1.19B | 0 | 0 | 0 |
| Total Non-Current Assets | 79.92B | 80.88B | 79.53B | 75.23B | 72.76B | 70.08B | 74.73B | 75.5B | 75.62B |
| Property, Plant & Equipment | 75.55B | 76.56B | 75.07B | 70.42B | 67.77B | 64.65B | 67.65B | 70.25B | 68.37B |
| Fixed Asset Turnover | 0.42x | 0.50x | 0.51x | 0.35x | 0.58x | 0.90x | 0.73x | 0.72x | 0.72x |
| Goodwill | 2.89B | 2.89B | 2.89B | 2.89B | 2.89B | 2.89B | 2.89B | 2.89B | 3.45B |
| Intangible Assets | 169M | 169M | 166M | 436M | 631M | 694M | 636M | 611M | 0 |
| Long-Term Investments | 224M | 237M | 289M | 323M | 391M | 758M | 490M | 413M | 0 |
| Other Non-Current Assets | 987M | 889M | 905M | 954M | 916M | 1.01B | 2.98B | 1.15B | 3.72B |
| Total Assets | 89.49B▲ 0% | 89.58B▲ 0.1% | 89.44B▼ 0.2% | 84.62B▼ 5.4% | 83.74B▼ 1.0% | 84.62B▲ 1.0% | 88.54B▲ 4.6% | 89.78B▲ 1.4% | 89.84B▲ 0.1% |
| Asset Turnover | 0.36x | 0.43x | 0.43x | 0.29x | 0.47x | 0.69x | 0.55x | 0.56x | 0.54x |
| Asset Growth % | 0.89% | 0.1% | -0.16% | -5.39% | -1.04% | 1.05% | 4.63% | 1.41% | 0.06% |
| Total Current Liabilities | 9.56B | 10.31B | 10.54B | 10.55B | 10.4B | 12.87B | 9.6B | 10.75B | 10.2B |
| Accounts Payable | 6.2B | 5.65B | 6.55B | 4.68B | 6.5B | 8.17B | 7.73B | 7.67B | 7.52B |
| Days Payables Outstanding | 186.24 | 133.5 | 170.76 | 159.96 | 155.44 | 132.81 | 141.16 | 133.66 | 137.09 |
| Short-Term Debt | 2.14B | 3.42B | 2.15B | 4.98B | 1.51B | 2.81B | 494M | 997M | 1.61B |
| Deferred Revenue (Current) | 425M | 535M | 1.21B | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 378M | 381M | 389M | 406M | 779M | 1.09B | 983M | 1.45B | 1.06B |
| Current Ratio | 1.00x | 0.84x | 0.94x | 0.89x | 1.06x | 1.13x | 1.44x | 1.33x | 1.39x |
| Quick Ratio | 0.64x | 0.54x | 0.58x | 0.55x | 0.66x | 0.74x | 0.88x | 0.86x | 0.89x |
| Cash Conversion Cycle | -42.86 | -27.38 | -32.95 | 21.05 | -13.72 | -11.06 | 6.73 | -4.36 | -3.07 |
| Total Non-Current Liabilities | 34.55B | 35.27B | 36.86B | 38.31B | 36.73B | 32.38B | 35.66B | 34.52B | 34.55B |
| Long-Term Debt | 12.61B | 13.14B | 13.33B | 14.25B | 14.42B | 10.21B | 11.48B | 9.35B | 12.88B |
| Capital Lease Obligations | 1.25B | 1.22B | 2.62B | 2.64B | 2.54B | 2.69B | 3.48B | 3.75B | 3.88B |
| Deferred Tax Liabilities | 11.53B | 12.04B | 10.18B | 8.97B | 9.24B | 8.45B | 8B | 8B | 8.16B |
| Other Non-Current Liabilities | 9.12B | 8.81B | 10.69B | 12.42B | 10.5B | 11.01B | 12.69B | 13.43B | 9.64B |
| Total Liabilities | 44.11B | 45.57B | 47.39B | 48.86B | 47.13B | 45.25B | 45.26B | 45.27B | 44.75B |
| Total Debt | 15.58B | 17.35B | 17.97B | 22.14B | 18.78B | 16.03B | 15.8B | 14.69B | 18.37B |
| Net Debt | 12.91B | 15.13B | 16.01B | 20.25B | 16.58B | 14.05B | 14.08B | 11.21B | 14.72B |
| Debt / Equity | 0.34x | 0.39x | 0.43x | 0.62x | 0.51x | 0.41x | 0.37x | 0.33x | 0.41x |
| Debt / EBITDA | 0.96x | 0.95x | 0.90x | 1.85x | 1.01x | 0.57x | 0.71x | 0.62x | 0.80x |
| Net Debt / EBITDA | 0.79x | 0.82x | 0.80x | 1.69x | 0.89x | 0.50x | 0.63x | 0.47x | 0.64x |
| Interest Coverage | 16.22x | 7.74x | 2.09x | -5.44x | 6.26x | 18.93x | 12.26x | 13.32x | 11.71x |
| Total Equity | 45.38B▲ 0% | 44.01B▼ 3.0% | 42.04B▼ 4.5% | 35.76B▼ 14.9% | 36.61B▲ 2.4% | 39.37B▲ 7.5% | 43.28B▲ 9.9% | 44.51B▲ 2.9% | 45.09B▲ 1.3% |
| Equity Growth % | 1.69% | -3.04% | -4.46% | -14.95% | 2.4% | 7.52% | 9.94% | 2.85% | 1.29% |
| Book Value per Share | 27.26 | 27.01 | 26.93 | 23.43 | 24.59 | 28.32 | 33.04 | 34.89 | 36.96 |
| Total Shareholders' Equity | 45.38B | 44.01B | 42.04B | 35.76B | 36.61B | 39.37B | 43.28B | 44.51B | 45.09B |
| Common Stock | 26.61B | 25.91B | 25.17B | 25.14B | 23.65B | 22.26B | 21.66B | 21.12B | 20.39B |
| Retained Earnings | 17.4B | 16.48B | 15.41B | 9.14B | 11.54B | 15.56B | 20B | 21.67B | 23.2B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 809M | 1.08B | 899M | 877M | 814M | 974M | 1.05B | 1.2B | 998.19M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Suncor Energy Inc. (SU) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 8.97B | 10.58B | 10.42B | 2.67B | 11.76B | 15.68B | 12.34B | 15.96B | 12.77B |
| Operating CF Margin % | 28.06% | 27.45% | 27.18% | 10.85% | 30.06% | 26.88% | 25.14% | 31.49% | 26.11% |
| Operating CF Growth % | 57.85% | 18% | -1.5% | -74.33% | 339.78% | 33.29% | -21.28% | 29.29% | -19.98% |
| Net Income | 4.46B | 3.29B | 2.9B | -4.32B | 4.12B | 9.08B | 8.29B | 6.02B | 5.91B |
| Depreciation & Amortization | 5.6B | 5.74B | 10.57B | 9.53B | 5.85B | 8.79B | 6.43B | 6.95B | 7.49B |
| Stock-Based Compensation | 31M | -117M | 44M | -238M | 205M | 328M | 108M | -57M | 0 |
| Deferred Taxes | 249M | 440M | -1.92B | -1.12B | 56M | -990M | 560M | -294M | 89.93M |
| Other Non-Cash Items | -1.2B | 818M | -779M | 26M | 27M | 900M | -2.07B | 1.23B | -716.42M |
| Working Capital Changes | -173M | 408M | -397M | -1.2B | 1.51B | -2.42B | -981M | 2.11B | -2M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -5.02B | -6.7B | -5.09B | -4.52B | -3.98B | -4.79B | -6.51B | -6.47B | -6.02B |
| Capital Expenditures | -6.55B | -5.41B | -5.56B | -3.93B | -4.55B | -5.12B | -5.94B | -6.48B | -5.85B |
| CapEx % of Revenue | 20.5% | 14.03% | 14.5% | 15.92% | 11.64% | 8.78% | 12.09% | 12.79% | 11.96% |
| Acquisitions | -308M | -1.23B | 274M | 72M | 335M | 315M | -2.39B | 51M | 65.95M |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 1.84B | 109M | 470M | -598M | 606M | 331M | 1.82B | 12M | -202.83M |
| Cash from Financing | -4.22B | -4.43B | -5.54B | 1.79B | -7.46B | -11.23B | -5.99B | -7.88B | -6.46B |
| Debt Issued (Net) | -1.4B | 680M | -732M | 3.74B | -3.61B | -3.98B | -1.18B | -2.54B | -4M |
| Equity Issued (Net) | -1.41B | -3.05B | -2.18B | -307M | -2.3B | -5.13B | -2.05B | -2.91B | -2.95B |
| Dividends Paid | -2.12B | -2.33B | -2.61B | -1.67B | -1.55B | -2.6B | -2.75B | -2.8B | -2.81B |
| Share Repurchases | -1.41B | -3.05B | -2.27B | -307M | -2.3B | -5.13B | -2.23B | -2.91B | -3.13B |
| Other Financing | 711M | 280M | -7M | 19M | -1M | 487M | -16M | 369M | -706.42M |
| Net Change in Cash | -344M▲ 0% | -451M▼ 31.1% | -261M▲ 42.1% | -75M▲ 71.3% | 320M▲ 526.7% | -225M▼ 170.3% | -251M▼ 11.6% | 1.75B▲ 799.2% | 325.06M▼ 81.5% |
| Free Cash Flow | 2.42B▲ 0% | 5.17B▲ 114.2% | 4.86B▼ 6.0% | -1.25B▼ 125.7% | 7.21B▲ 676.3% | 10.56B▲ 46.5% | 6.52B▼ 38.3% | 9.48B▲ 45.4% | 6.92B▼ 27.0% |
| FCF Margin % | 7.56% | 13.42% | 12.68% | -5.07% | 18.42% | 18.1% | 13.27% | 18.7% | 14.15% |
| FCF Growth % | 367.74% | 114.24% | -6.01% | -125.72% | 676.26% | 46.48% | -38.3% | 45.44% | -26.99% |
| FCF per Share | 1.45 | 3.18 | 3.12 | -0.82 | 4.84 | 7.60 | 4.97 | 7.43 | 5.67 |
| FCF Conversion (FCF/Net Income) | 2.01x | 3.21x | 3.59x | -0.62x | 2.86x | 1.73x | 1.49x | 2.65x | 2.16x |
| Interest Paid | 941M | 800M | 996M | 1.03B | 0 | 973M | 887M | 914M | 0 |
| Taxes Paid | 557M | 645M | 1.03B | 695M | 0 | 4.74B | 2.6B | 1.75B | 0 |
Suncor Energy Inc. (SU) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 1.04% | 9.91% | 7.37% | 6.74% | -11.1% | 11.38% | 23.89% | 20.07% | 13.71% | 13.21% |
| Return on Invested Capital (ROIC) | 8.85% | 13.36% | 15.78% | 16.35% | 5.18% | 17.25% | 32.34% | 21.54% | 21.96% | 20.11% |
| Gross Margin | 59.39% | 61.95% | 59.94% | 63.46% | 56.66% | 60.98% | 61.52% | 59.28% | 58.66% | 59.08% |
| Net Margin | 1.62% | 13.95% | 8.54% | 7.56% | -17.51% | 10.53% | 15.56% | 16.9% | 11.87% | 12.1% |
| Debt / Equity | 0.39x | 0.34x | 0.39x | 0.43x | 0.62x | 0.51x | 0.41x | 0.37x | 0.33x | 0.41x |
| Interest Coverage | 0.18x | 16.22x | 7.74x | 2.09x | -5.44x | 6.26x | 18.93x | 12.26x | 13.32x | 11.71x |
| FCF Conversion | 13.09x | 2.01x | 3.21x | 3.59x | -0.62x | 2.86x | 1.73x | 1.49x | 2.65x | 2.16x |
| Revenue Growth | -8.22% | 19.2% | 20.62% | -0.51% | -35.68% | 58.67% | 49.07% | -15.85% | 3.25% | -3.51% |
Suncor Energy Inc. (SU) stock FAQ — growth, dividends, profitability & financials explained
Suncor Energy Inc. (SU) reported $48.91B in revenue for fiscal year 2025. This represents a 2229% increase from $2.10B in 1996.
Suncor Energy Inc. (SU) saw revenue decline by 3.5% over the past year.
Yes, Suncor Energy Inc. (SU) is profitable, generating $5.92B in net income for fiscal year 2025 (12.1% net margin).
Yes, Suncor Energy Inc. (SU) pays a dividend with a yield of 2.63%. This makes it attractive for income-focused investors.
Suncor Energy Inc. (SU) has a return on equity (ROE) of 13.2%. This is reasonable for most industries.
Suncor Energy Inc. (SU) generated $6.92B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Suncor Energy Inc. (SU) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates