HIGH ARCTIC ENERGY SERVICES (HWO.CA) Fundamental Analysis & Valuation

TSX:HWO • CA42964L1094

0.87 CAD
-0.01 (-1.14%)
Last: Mar 9, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This HWO.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

2

Overall HWO gets a fundamental rating of 2 out of 10. We evaluated HWO against 28 industry peers in the Energy Equipment & Services industry. The financial health of HWO is average, but there are quite some concerns on its profitability. HWO does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

2

1. HWO.CA Profitability Analysis

1.1 Basic Checks

  • HWO had negative earnings in the past year.
  • HWO had a positive operating cash flow in the past year.
  • In the past 5 years HWO reported 4 times negative net income.
  • Of the past 5 years HWO 4 years had a positive operating cash flow.
HWO.CA Yearly Net Income VS EBIT VS OCF VS FCFHWO.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M

1.2 Ratios

  • Looking at the Return On Assets, with a value of -0.67%, HWO is doing worse than 75.00% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of -0.90%, HWO is doing worse than 75.00% of the companies in the same industry.
Industry RankSector Rank
ROA -0.67%
ROE -0.9%
ROIC N/A
ROA(3y)17.78%
ROA(5y)6.24%
ROE(3y)29.92%
ROE(5y)12.53%
ROIC(3y)N/A
ROIC(5y)N/A
HWO.CA Yearly ROA, ROE, ROICHWO.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 100

1.3 Margins

  • HWO has a Gross Margin of 52.39%. This is amongst the best in the industry. HWO outperforms 92.86% of its industry peers.
  • In the last couple of years the Gross Margin of HWO has grown nicely.
  • HWO does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 52.39%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y42.98%
GM growth 5Y21.25%
HWO.CA Yearly Profit, Operating, Gross MarginsHWO.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200 -200

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5

2. HWO.CA Health Analysis

2.1 Basic Checks

  • HWO does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for HWO remains at a similar level compared to 1 year ago.
  • The number of shares outstanding for HWO has been reduced compared to 5 years ago.
  • HWO has a worse debt/assets ratio than last year.
HWO.CA Yearly Shares OutstandingHWO.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
HWO.CA Yearly Total Debt VS Total AssetsHWO.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

2.2 Solvency

  • HWO has an Altman-Z score of -4.51. This is a bad value and indicates that HWO is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of HWO (-4.51) is worse than 85.71% of its industry peers.
  • HWO has a Debt/Equity ratio of 0.18. This is a healthy value indicating a solid balance between debt and equity.
  • HWO's Debt to Equity ratio of 0.18 is fine compared to the rest of the industry. HWO outperforms 75.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF N/A
Altman-Z -4.51
ROIC/WACCN/A
WACC7.48%
HWO.CA Yearly LT Debt VS Equity VS FCFHWO.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M 150M 200M

2.3 Liquidity

  • HWO has a Current Ratio of 2.43. This indicates that HWO is financially healthy and has no problem in meeting its short term obligations.
  • With an excellent Current ratio value of 2.43, HWO belongs to the best of the industry, outperforming 82.14% of the companies in the same industry.
  • A Quick Ratio of 2.42 indicates that HWO has no problem at all paying its short term obligations.
  • With an excellent Quick ratio value of 2.42, HWO belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.43
Quick Ratio 2.42
HWO.CA Yearly Current Assets VS Current LiabilitesHWO.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

0

3. HWO.CA Growth Analysis

3.1 Past

  • HWO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -100.65%.
  • The Revenue for HWO has decreased by -61.37% in the past year. This is quite bad
  • Measured over the past years, HWO shows a very negative growth in Revenue. The Revenue has been decreasing by -43.72% on average per year.
EPS 1Y (TTM)-100.65%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-96.74%
Revenue 1Y (TTM)-61.37%
Revenue growth 3Y-48.44%
Revenue growth 5Y-43.72%
Sales Q2Q%16.92%

3.2 Future

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
HWO.CA Yearly Revenue VS EstimatesHWO.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
HWO.CA Yearly EPS VS EstimatesHWO.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 0 1 -1 2 -2

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0

4. HWO.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • HWO reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
HWO.CA Price Earnings VS Forward Price EarningsHWO.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0 0 0 0 0 0 0

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, HWO is valued a bit more expensive than the industry average as 64.29% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 7.5
HWO.CA Per share dataHWO.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1 1.5

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. HWO.CA Dividend Analysis

5.1 Amount

  • No dividends for HWO!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

HWO.CA Fundamentals: All Metrics, Ratios and Statistics

HIGH ARCTIC ENERGY SERVICES

TSX:HWO (3/9/2026, 7:00:00 PM)

0.87

-0.01 (-1.14%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)11-06
Earnings (Next)N/A
Inst Owners0.03%
Inst Owner ChangeN/A
Ins Owners7.97%
Ins Owner ChangeN/A
Market Cap11.05M
Revenue(TTM)10.10M
Net Income(TTM)-199.00K
Analysts45.71
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.09
P/FCF N/A
P/OCF 8.97
P/B 0.5
P/tB 0.55
EV/EBITDA 7.5
EPS(TTM)-0.02
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.02
FCFYN/A
OCF(TTM)0.1
OCFY11.15%
SpS0.8
BVpS1.74
TBVpS1.57
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -0.67%
ROE -0.9%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 52.39%
FCFM N/A
ROA(3y)17.78%
ROA(5y)6.24%
ROE(3y)29.92%
ROE(5y)12.53%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc 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 3Y42.98%
GM growth 5Y21.25%
F-Score3
Asset Turnover0.34
Health
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF N/A
Debt/EBITDA 2.38
Cap/Depr 59.28%
Cap/Sales 14.49%
Interest Coverage N/A
Cash Conversion 74.17%
Profit Quality N/A
Current Ratio 2.43
Quick Ratio 2.42
Altman-Z -4.51
F-Score3
WACC7.48%
ROIC/WACCN/A
Cap/Depr(3y)39.19%
Cap/Depr(5y)32.4%
Cap/Sales(3y)27.19%
Cap/Sales(5y)19.29%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-100.65%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-96.74%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-61.37%
Revenue growth 3Y-48.44%
Revenue growth 5Y-43.72%
Sales Q2Q%16.92%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-13.82%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-112.9%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-66.79%
OCF growth 3YN/A
OCF growth 5Y2.36%

HIGH ARCTIC ENERGY SERVICES / HWO.CA FAQ

What is the fundamental rating for HWO stock?

ChartMill assigns a fundamental rating of 2 / 10 to HWO.CA.


What is the valuation status for HWO stock?

ChartMill assigns a valuation rating of 0 / 10 to HIGH ARCTIC ENERGY SERVICES (HWO.CA). This can be considered as Overvalued.


How profitable is HIGH ARCTIC ENERGY SERVICES (HWO.CA) stock?

HIGH ARCTIC ENERGY SERVICES (HWO.CA) has a profitability rating of 2 / 10.


What is the financial health of HIGH ARCTIC ENERGY SERVICES (HWO.CA) stock?

The financial health rating of HIGH ARCTIC ENERGY SERVICES (HWO.CA) is 5 / 10.