TRICAN WELL SERVICE LTD (TCW.CA) Stock Fundamental Analysis
Canada - TSX:TCW - CA8959451037 - Common Stock
5.71 CAD
-0.14 (-2.39%)
TCW gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 28 industry peers in the Energy Equipment & Services industry. Both the health and profitability get an excellent rating, making TCW a very profitable company, without any liquidiy or solvency issues. TCW is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
TCW had positive earnings in the past year.
TCW had a positive operating cash flow in the past year.
TCW had positive earnings in 4 of the past 5 years.
In the past 5 years TCW always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 16.18%, TCW belongs to the top of the industry, outperforming 92.86% of the companies in the same industry.
With an excellent Return On Equity value of 21.71%, TCW belongs to the best of the industry, outperforming 82.14% of the companies in the same industry.
TCW's Return On Invested Capital of 19.89% is amongst the best of the industry. TCW outperforms 96.43% of its industry peers.
TCW had an Average Return On Invested Capital over the past 3 years of 19.01%. This is significantly above the industry average of 11.19%.
The 3 year average ROIC (19.01%) for TCW is below the current ROIC(19.89%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.18% | ||
| ROE | 21.71% | ||
| ROIC | 19.89% |
ROA(3y)14.96%
ROA(5y)1.52%
ROE(3y)20.51%
ROE(5y)3.81%
ROIC(3y)19.01%
ROIC(5y)N/A
1.3 Margins
TCW has a better Profit Margin (10.66%) than 89.29% of its industry peers.
In the last couple of years the Profit Margin of TCW has grown nicely.
With an excellent Operating Margin value of 14.44%, TCW belongs to the best of the industry, outperforming 89.29% of the companies in the same industry.
TCW's Gross Margin of 19.17% is in line compared to the rest of the industry. TCW outperforms 46.43% of its industry peers.
TCW's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.44% | ||
| PM (TTM) | 10.66% | ||
| GM | 19.17% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y53.97%
PM growth 5YN/A
GM growth 3Y49.98%
GM growth 5YN/A
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so TCW is creating value.
TCW has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, TCW has less shares outstanding
Compared to 1 year ago, TCW has a worse debt to assets ratio.
2.2 Solvency
TCW has an Altman-Z score of 6.40. This indicates that TCW is financially healthy and has little risk of bankruptcy at the moment.
TCW has a Altman-Z score of 6.40. This is amongst the best in the industry. TCW outperforms 92.86% of its industry peers.
TCW has a debt to FCF ratio of 0.13. This is a very positive value and a sign of high solvency as it would only need 0.13 years to pay back of all of its debts.
TCW has a better Debt to FCF ratio (0.13) than 96.43% of its industry peers.
TCW has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.
TCW has a Debt to Equity ratio of 0.03. This is amongst the best in the industry. TCW outperforms 89.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.13 | ||
| Altman-Z | 6.4 |
ROIC/WACC2.4
WACC8.3%
2.3 Liquidity
TCW has a Current Ratio of 2.07. This indicates that TCW is financially healthy and has no problem in meeting its short term obligations.
TCW has a better Current ratio (2.07) than 75.00% of its industry peers.
A Quick Ratio of 1.89 indicates that TCW should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.89, TCW is doing good in the industry, outperforming 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.07 | ||
| Quick Ratio | 1.89 |
3. Growth
3.1 Past
TCW shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.45%.
TCW shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 96.68% yearly.
Looking at the last year, TCW shows a decrease in Revenue. The Revenue has decreased by -2.14% in the last year.
The Revenue has been growing by 9.05% on average over the past years. This is quite good.
EPS 1Y (TTM)-6.45%
EPS 3Y96.68%
EPS 5YN/A
EPS Q2Q%37.5%
Revenue 1Y (TTM)-2.14%
Revenue growth 3Y20.36%
Revenue growth 5Y9.05%
Sales Q2Q%0.94%
3.2 Future
Based on estimates for the next years, TCW will show a small growth in Earnings Per Share. The EPS will grow by 7.44% on average per year.
Based on estimates for the next years, TCW will show a small growth in Revenue. The Revenue will grow by 4.15% on average per year.
EPS Next Y11.13%
EPS Next 2Y15.22%
EPS Next 3Y14.9%
EPS Next 5Y7.44%
Revenue Next Year12.23%
Revenue Next 2Y17.6%
Revenue Next 3Y10.53%
Revenue Next 5Y4.15%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
TCW is valuated reasonably with a Price/Earnings ratio of 10.57.
60.71% of the companies in the same industry are more expensive than TCW, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of TCW to the average of the S&P500 Index (27.38), we can say TCW is valued rather cheaply.
With a Price/Forward Earnings ratio of 8.08, the valuation of TCW can be described as very reasonable.
Based on the Price/Forward Earnings ratio, TCW is valued a bit cheaper than 67.86% of the companies in the same industry.
TCW's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.86.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.57 | ||
| Fwd PE | 8.08 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as TCW.
TCW's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.85 | ||
| EV/EBITDA | 5.51 |
4.3 Compensation for Growth
TCW's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
TCW has an outstanding profitability rating, which may justify a higher PE ratio.
TCW's earnings are expected to grow with 14.90% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.95
PEG (5Y)N/A
EPS Next 2Y15.22%
EPS Next 3Y14.9%
5. Dividend
5.1 Amount
TCW has a Yearly Dividend Yield of 3.76%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.18, TCW pays a better dividend. On top of this TCW pays more dividend than 92.86% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, TCW pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.76% |
5.2 History
The dividend of TCW decreases each year by -9.83%.
TCW has been paying a dividend for at least 10 years, so it has a reliable track record.
TCW has decreased its dividend recently.
Dividend Growth(5Y)-9.83%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
34.37% of the earnings are spent on dividend by TCW. This is a low number and sustainable payout ratio.
DP34.37%
EPS Next 2Y15.22%
EPS Next 3Y14.9%
TSX:TCW (9/19/2025, 7:00:00 PM)
5.71
-0.14 (-2.39%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners29.36%
Inst Owner ChangeN/A
Ins Owners0.8%
Ins Owner ChangeN/A
Market Cap1.21B
Analysts74.55
Price Target6.55 (14.71%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.76% |
Yearly Dividend0.18
Dividend Growth(5Y)-9.83%
DP34.37%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)14.62%
Min EPS beat(2)3.58%
Max EPS beat(2)25.66%
EPS beat(4)3
Avg EPS beat(4)13.44%
Min EPS beat(4)-0.99%
Max EPS beat(4)25.66%
EPS beat(8)6
Avg EPS beat(8)8.6%
EPS beat(12)9
Avg EPS beat(12)26.73%
EPS beat(16)12
Avg EPS beat(16)124.56%
Revenue beat(2)1
Avg Revenue beat(2)-0.19%
Min Revenue beat(2)-3.25%
Max Revenue beat(2)2.87%
Revenue beat(4)2
Avg Revenue beat(4)3.18%
Min Revenue beat(4)-3.25%
Max Revenue beat(4)14.57%
Revenue beat(8)3
Avg Revenue beat(8)0.9%
Revenue beat(12)4
Avg Revenue beat(12)0.46%
Revenue beat(16)7
Avg Revenue beat(16)1.78%
PT rev (1m)-1.82%
PT rev (3m)14.71%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.54%
EPS NY rev (1m)0%
EPS NY rev (3m)8.52%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)16.74%
Revenue NY rev (1m)0%
Revenue NY rev (3m)6.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.57 | ||
| Fwd PE | 8.08 | ||
| P/S | 1.25 | ||
| P/FCF | 7.85 | ||
| P/OCF | 5.58 | ||
| P/B | 2.54 | ||
| P/tB | 2.54 | ||
| EV/EBITDA | 5.51 |
EPS(TTM)0.54
EY9.46%
EPS(NY)0.71
Fwd EY12.38%
FCF(TTM)0.73
FCFY12.74%
OCF(TTM)1.02
OCFY17.91%
SpS4.57
BVpS2.25
TBVpS2.25
PEG (NY)0.95
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.18% | ||
| ROE | 21.71% | ||
| ROCE | 26.28% | ||
| ROIC | 19.89% | ||
| ROICexc | 21.35% | ||
| ROICexgc | 21.35% | ||
| OM | 14.44% | ||
| PM (TTM) | 10.66% | ||
| GM | 19.17% | ||
| FCFM | 15.92% |
ROA(3y)14.96%
ROA(5y)1.52%
ROE(3y)20.51%
ROE(5y)3.81%
ROIC(3y)19.01%
ROIC(5y)N/A
ROICexc(3y)19.58%
ROICexc(5y)N/A
ROICexgc(3y)19.61%
ROICexgc(5y)N/A
ROCE(3y)25.12%
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 3Y53.97%
PM growth 5YN/A
GM growth 3Y49.98%
GM growth 5YN/A
F-Score6
Asset Turnover1.52
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.13 | ||
| Debt/EBITDA | 0.07 | ||
| Cap/Depr | 81.7% | ||
| Cap/Sales | 6.46% | ||
| Interest Coverage | 61.87 | ||
| Cash Conversion | 100.13% | ||
| Profit Quality | 149.26% | ||
| Current Ratio | 2.07 | ||
| Quick Ratio | 1.89 | ||
| Altman-Z | 6.4 |
F-Score6
WACC8.3%
ROIC/WACC2.4
Cap/Depr(3y)109.56%
Cap/Depr(5y)80.31%
Cap/Sales(3y)9.25%
Cap/Sales(5y)8.11%
Profit Quality(3y)91.34%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-6.45%
EPS 3Y96.68%
EPS 5YN/A
EPS Q2Q%37.5%
EPS Next Y11.13%
EPS Next 2Y15.22%
EPS Next 3Y14.9%
EPS Next 5Y7.44%
Revenue 1Y (TTM)-2.14%
Revenue growth 3Y20.36%
Revenue growth 5Y9.05%
Sales Q2Q%0.94%
Revenue Next Year12.23%
Revenue Next 2Y17.6%
Revenue Next 3Y10.53%
Revenue Next 5Y4.15%
EBIT growth 1Y-15.9%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year51.17%
EBIT Next 3Y15.17%
EBIT Next 5Y14.71%
FCF growth 1Y16.42%
FCF growth 3Y58.07%
FCF growth 5YN/A
OCF growth 1Y-3.26%
OCF growth 3Y27.85%
OCF growth 5Y40.19%