Headwater Exploration, Inc. (HWX) Stock Analysis | Price, Returns, Financials & Key Metrics

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

752.24 k

Shareholding (Mar 2025)

FII

0.06%

Held by 1 FIIs

DII

95.68%

Held by 6 DIIs

Promoter

0.00%

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

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Dashboard

Strong Long Term Fundamental Strength with a 91.77% CAGR growth in Operating Profits

Company has very low debt and has enough cash to service the debt requirements
The company has been able to generate a Return on Capital Employed (avg) of 32.64% signifying high profitability per unit of total capital (equity and debt)

Negative results in Jun 25

With ROE of 25.12%, it has a fair valuation with a 2.40 Price to Book Value

Majority shareholders : Mutual Funds

Mojo Parameters

Stock DNA

Industry

Oil

Market cap

CAD 1,738 Million (Small Cap)

P/E

9.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

-0.16

Return on Equity

25.12%

Price to Book

2.36

Revenue and Profits:

Net Sales:

119 Million

(Quarterly Results - Jun 2025)

Net Profit:

38 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

63.59%

6 Months

43.69%

1 Year

30.38%

2 Years

48.37%

3 Years

27.09%

4 Years

111.73%

5 Years

717.95%

Headwater Exploration, Inc. for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

153.07%

EBIT Growth (5y)

91.77%

EBIT to Interest (avg)

100.00

Debt to EBITDA (avg)

Net Debt to Equity (avg)

-0.16

Sales to Capital Employed (avg)

0.69

Tax Ratio

23.36%

Dividend Payout Ratio

51.55%

Pledged Shares

Institutional Holding

7.96%

ROCE (avg)

32.64%

ROE (avg)

20.49%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

2.32

EV to EBIT

6.59

EV to EBITDA

4.28

EV to Capital Employed

2.57

EV to Sales

3.03

PEG Ratio

Dividend Yield

ROCE (Latest)

38.95%

ROE (Latest)

25.12%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Bullish

RSI

No Signal

Bollinger Bands

Bullish

Moving Averages

Bullish (Daily)

KST

Bullish

Dow Theory

Bullish

OBV

Bullish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Mar 2025

Shareholding Compare (%holding)

Majority shareholders

Domestic Funds

Held in 1 Schemes (4.27%)

Foreign Institutions

Held by 1 Foreign Institutions (0.06%)

Strategic Entities with highest holding

Highest Public shareholder

Financial

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    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Jun'25 - QoQ",
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        "prefix": "Consolidated Net Profit ",
        "suffix": "QoQ Growth in quarter ended Jun 2025 is -24.00% vs 2.25% in Mar 2025",
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        "Mar'25",
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          "chgp": "-15.83%",
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          "val1": "80.60",
          "val2": "102.90",
          "chgp": "-21.67%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "0.30",
          "val2": "0.30",
          "chgp": "",
          "chgp_class": "neutral"
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          "field": "Exceptional Items",
          "val1": "2.10",
          "val2": "-2.50",
          "chgp": "184.00%",
          "chgp_class": "positive"
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          "field": "Consolidate Net Profit",
          "val1": "38.00",
          "val2": "50.00",
          "chgp": "-24.00%",
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          "field": "Operating Profit Margin (Excl OI)",
          "val1": "399.20%",
          "val2": "494.40%",
          "chgp": "-9.52%",
          "chgp_class": "negative"
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        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Dec 2024 is 20.44% vs -3.70% in Dec 2023",
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        "Dec'24",
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          "val1": "365.90",
          "val2": "299.80",
          "chgp": "22.05%",
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        {
          "field": "Interest",
          "val1": "1.00",
          "val2": "0.50",
          "chgp": "100.00%",
          "chgp_class": "negative"
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          "val1": "-3.80",
          "val2": "4.90",
          "chgp": "-177.55%",
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          "chgp": "20.44%",
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          "val1": "468.30%",
          "val2": "419.30%",
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Quarterly Results Snapshot (Consolidated) - Jun'25 - QoQ

Jun'25

Mar'25

Change(%)

Net Sales

119.10

141.50

-15.83%

Operating Profit (PBDIT) excl Other Income

80.60

102.90

-21.67%

Interest

0.30

Exceptional Items

2.10

-2.50

184.00%

Consolidate Net Profit

38.00

50.00

-24.00%

Operating Profit Margin (Excl OI)

399.20%

494.40%

-9.52%

USD in Million.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Jun 2025 is -15.83% vs 4.27% in Mar 2025

Consolidated Net Profit

QoQ Growth in quarter ended Jun 2025 is -24.00% vs 2.25% in Mar 2025

All Quarterly Results

Annual Results Snapshot (Consolidated) - Dec'24

Dec'24

Dec'23

Change(%)

Net Sales

511.50

425.50

20.21%

Operating Profit (PBDIT) excl Other Income

365.90

299.80

22.05%

Interest

1.00

0.50

100.00%

Exceptional Items

-3.80

4.90

-177.55%

Consolidate Net Profit

188.00

156.10

20.44%

Operating Profit Margin (Excl OI)

468.30%

419.30%

4.90%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in year ended Dec 2024 is 20.21% vs 14.01% in Dec 2023

Consolidated Net Profit

YoY Growth in year ended Dec 2024 is 20.44% vs -3.70% in Dec 2023

All Annual Results

Company CV

About Headwater Exploration, Inc.

Headwater Exploration, Inc.

Oil

Headwater Exploration Inc., formerly Corridor Resources Inc., is a Canada-based oil and gas exploration and development company. The Company's operating areas include Marten Hills and McCully Field. Marten Hills is located approximately 250 kilometer (km) north of Edmonton, Alberta within the Clearwater play. It owns approximately 270 sections of Clearwater rights. The McCully Field is located approximately 10 km northeast of Sussex, New Brunswick in the farming community of Penobsquis. It owns and operates a natural gas processing plant, with a processing capacity of 35 million standard cubic feet of gas per day (mmscfpd), and a 50 km transmission line connected to the Maritimes and Northeast pipeline.

Company Coordinates

Company Details

Suite 1700, 500 - 4th Avenue S.W. , CALGARY AB : T2P 2V6

Tel: 1 902 4294511

https://www.corridor.ca/

Registrar Details