CALFRAC WELL SERVICES LTD (CFW.CA) Stock Fundamental Analysis
TSX:CFW - Toronto Stock Exchange - CA1295844056 - Common Stock - Currency: CAD
We assign a fundamental rating of 2 out of 10 to CFW. CFW was compared to 27 industry peers in the Energy Equipment & Services industry. CFW has a bad profitability rating. Also its financial health evaluation is rather negative. CFW has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year CFW was profitable.
In the past year CFW had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: CFW reported negative net income in multiple years.
Of the past 5 years CFW 4 years had a positive operating cash flow.
1.2 Ratios
CFW has a Return On Assets of 0.84%. This is in the lower half of the industry: CFW underperforms 62.96% of its industry peers.
CFW has a Return On Equity of 1.59%. This is in the lower half of the industry: CFW underperforms 62.96% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.82%, CFW is doing worse than 66.67% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CFW is in line with the industry average of 9.28%.
The last Return On Invested Capital (3.82%) for CFW is well below the 3 year average (9.50%), which needs to be investigated, but indicates that CFW had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.84% | ||
| ROE | 1.59% | ||
| ROIC | 3.82% |
ROA(3y)6.32%
ROA(5y)-5.17%
ROE(3y)11.77%
ROE(5y)-13.78%
ROIC(3y)9.5%
ROIC(5y)N/A
1.3 Margins
The Profit Margin of CFW (0.66%) is worse than 62.96% of its industry peers.
CFW has a worse Operating Margin (2.91%) than 66.67% of its industry peers.
The Gross Margin of CFW (7.05%) is worse than 81.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.91% | ||
| PM (TTM) | 0.66% | ||
| GM | 7.05% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CFW is still creating some value.
CFW has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, CFW has more shares outstanding
CFW has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.39, we must say that CFW is in the distress zone and has some risk of bankruptcy.
CFW has a Altman-Z score (1.39) which is in line with its industry peers.
A Debt/Equity ratio of 0.28 indicates that CFW is not too dependend on debt financing.
CFW has a Debt to Equity ratio of 0.28. This is in the better half of the industry: CFW outperforms 62.96% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.39 |
ROIC/WACC0.43
WACC8.82%
2.3 Liquidity
A Current Ratio of 1.37 indicates that CFW should not have too much problems paying its short term obligations.
With a Current ratio value of 1.37, CFW perfoms like the industry average, outperforming 44.44% of the companies in the same industry.
A Quick Ratio of 0.98 indicates that CFW may have some problems paying its short term obligations.
The Quick ratio of CFW (0.98) is worse than 62.96% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.37 | ||
| Quick Ratio | 0.98 |
3. Growth
3.1 Past
CFW shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -95.30%.
The Revenue for CFW has decreased by -15.92% in the past year. This is quite bad
The Revenue has been decreasing by -0.67% on average over the past years.
EPS 1Y (TTM)-95.3%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-146.67%
Revenue 1Y (TTM)-15.92%
Revenue growth 3Y16.07%
Revenue growth 5Y-0.67%
Sales Q2Q%-9.53%
3.2 Future
The Earnings Per Share is expected to grow by 85.93% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 1.51% on average over the next years.
EPS Next Y235.14%
EPS Next 2Y120.6%
EPS Next 3Y85.93%
EPS Next 5YN/A
Revenue Next Year-2.2%
Revenue Next 2Y0.6%
Revenue Next 3Y1.51%
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
CFW is valuated quite expensively with a Price/Earnings ratio of 30.18.
CFW's Price/Earnings ratio is a bit more expensive when compared to the industry. CFW is more expensive than 62.96% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.85, CFW is valued at the same level.
The Price/Forward Earnings ratio is 9.01, which indicates a very decent valuation of CFW.
The rest of the industry has a similar Price/Forward Earnings ratio as CFW.
CFW is valuated cheaply when we compare the Price/Forward Earnings ratio to 20.77, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.18 | ||
| Fwd PE | 9.01 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CFW is valued a bit cheaper than 70.37% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 3.22 |
4.3 Compensation for Growth
CFW's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as CFW's earnings are expected to grow with 85.93% in the coming years.
PEG (NY)0.13
PEG (5Y)N/A
EPS Next 2Y120.6%
EPS Next 3Y85.93%
5. Dividend
5.1 Amount
CFW does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TSX:CFW (5/1/2025, 7:00:00 PM)
3.32
+0.01 (+0.3%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners14.05%
Inst Owner ChangeN/A
Ins Owners13.76%
Ins Owner ChangeN/A
Market Cap285.15M
Analysts77.14
Price Target5.02 (51.2%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-193.58%
Min EPS beat(2)-246.53%
Max EPS beat(2)-140.62%
EPS beat(4)2
Avg EPS beat(4)-57.89%
Min EPS beat(4)-246.53%
Max EPS beat(4)105.09%
EPS beat(8)5
Avg EPS beat(8)12.91%
EPS beat(12)6
Avg EPS beat(12)0.13%
EPS beat(16)7
Avg EPS beat(16)-3.6%
Revenue beat(2)1
Avg Revenue beat(2)1.49%
Min Revenue beat(2)-3.31%
Max Revenue beat(2)6.3%
Revenue beat(4)2
Avg Revenue beat(4)2.99%
Min Revenue beat(4)-5.16%
Max Revenue beat(4)14.13%
Revenue beat(8)6
Avg Revenue beat(8)3.59%
Revenue beat(12)8
Avg Revenue beat(12)2.16%
Revenue beat(16)9
Avg Revenue beat(16)1.17%
PT rev (1m)-4.84%
PT rev (3m)-7.81%
EPS NQ rev (1m)7.69%
EPS NQ rev (3m)-50%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.35%
Revenue NQ rev (1m)-6.17%
Revenue NQ rev (3m)-19.5%
Revenue NY rev (1m)3.33%
Revenue NY rev (3m)1.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.18 | ||
| Fwd PE | 9.01 | ||
| P/S | 0.18 | ||
| P/FCF | N/A | ||
| P/OCF | 2.24 | ||
| P/B | 0.44 | ||
| P/tB | 0.44 | ||
| EV/EBITDA | 3.22 |
EPS(TTM)0.11
EY3.31%
EPS(NY)0.37
Fwd EY11.1%
FCF(TTM)-0.69
FCFYN/A
OCF(TTM)1.48
OCFY44.6%
SpS18.25
BVpS7.61
TBVpS7.61
PEG (NY)0.13
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.84% | ||
| ROE | 1.59% | ||
| ROCE | 5.31% | ||
| ROIC | 3.82% | ||
| ROICexc | 4.03% | ||
| ROICexgc | 4.03% | ||
| OM | 2.91% | ||
| PM (TTM) | 0.66% | ||
| GM | 7.05% | ||
| FCFM | N/A |
ROA(3y)6.32%
ROA(5y)-5.17%
ROE(3y)11.77%
ROE(5y)-13.78%
ROIC(3y)9.5%
ROIC(5y)N/A
ROICexc(3y)9.81%
ROICexc(5y)N/A
ROICexgc(3y)9.81%
ROICexgc(5y)N/A
ROCE(3y)13.19%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover1.27
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 1.02 | ||
| Cap/Depr | 136.98% | ||
| Cap/Sales | 11.87% | ||
| Interest Coverage | 1.59 | ||
| Cash Conversion | 70.05% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.37 | ||
| Quick Ratio | 0.98 | ||
| Altman-Z | 1.39 |
F-Score4
WACC8.82%
ROIC/WACC0.43
Cap/Depr(3y)115.62%
Cap/Depr(5y)84.66%
Cap/Sales(3y)8.75%
Cap/Sales(5y)7.82%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-95.3%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-146.67%
EPS Next Y235.14%
EPS Next 2Y120.6%
EPS Next 3Y85.93%
EPS Next 5YN/A
Revenue 1Y (TTM)-15.92%
Revenue growth 3Y16.07%
Revenue growth 5Y-0.67%
Sales Q2Q%-9.53%
Revenue Next Year-2.2%
Revenue Next 2Y0.6%
Revenue Next 3Y1.51%
Revenue Next 5YN/A
EBIT growth 1Y-78.01%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year228.97%
EBIT Next 3Y59.6%
EBIT Next 5YN/A
FCF growth 1Y-152.17%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-54.84%
OCF growth 3YN/A
OCF growth 5Y-0.74%