WESTERN ENERGY SERVICES CORP (WRG.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:WRG • CA9581596009

2.35 CAD
+0.01 (+0.43%)
Last: Feb 2, 2026, 07:00 PM
Fundamental Rating

4

WRG gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 27 industry peers in the Energy Equipment & Services industry. Both the profitability and the financial health of WRG get a neutral evaluation. Nothing too spectacular is happening here. WRG is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year WRG has reported negative net income.
  • WRG had a positive operating cash flow in the past year.
  • In multiple years WRG reported negative net income over the last 5 years.
  • Of the past 5 years WRG 4 years had a positive operating cash flow.
WRG.CA Yearly Net Income VS EBIT VS OCF VS FCFWRG.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 100B -100B -200B -300B

1.2 Ratios

  • With a Return On Assets value of -1.69%, WRG is not doing good in the industry: 81.48% of the companies in the same industry are doing better.
  • WRG has a Return On Equity of -2.40%. This is in the lower half of the industry: WRG underperforms 77.78% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 3800.09%, WRG belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
Industry RankSector Rank
ROA -1.69%
ROE -2.4%
ROIC 3800.09%
ROA(3y)-1.33%
ROA(5y)-4.05%
ROE(3y)-6.13%
ROE(5y)-11.33%
ROIC(3y)N/A
ROIC(5y)N/A
WRG.CA Yearly ROA, ROE, ROICWRG.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20 -30

1.3 Margins

  • WRG's Operating Margin of 9275.76% is amongst the best of the industry. WRG outperforms 100.00% of its industry peers.
  • WRG has a Gross Margin of 28.43%. This is in the better half of the industry: WRG outperforms 74.07% of its industry peers.
  • In the last couple of years the Gross Margin of WRG has grown nicely.
Industry RankSector Rank
OM 9275.76%
PM (TTM) N/A
GM 28.43%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y17.12%
GM growth 5Y8.53%
WRG.CA Yearly Profit, Operating, Gross MarginsWRG.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 -40

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6

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so WRG is creating value.
  • Compared to 1 year ago, WRG has about the same amount of shares outstanding.
  • WRG has more shares outstanding than it did 5 years ago.
  • WRG has a worse debt/assets ratio than last year.
WRG.CA Yearly Shares OutstandingWRG.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B
WRG.CA Yearly Total Debt VS Total AssetsWRG.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1T 2T 3T 4T

2.2 Solvency

  • An Altman-Z score of 164.96 indicates that WRG is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 164.96, WRG belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • WRG has a debt to FCF ratio of 4.21. This is a neutral value as WRG would need 4.21 years to pay back of all of its debts.
  • The Debt to FCF ratio of WRG (4.21) is better than 66.67% of its industry peers.
  • A Debt/Equity ratio of 0.33 indicates that WRG is not too dependend on debt financing.
  • With a Debt to Equity ratio value of 0.33, WRG perfoms like the industry average, outperforming 51.85% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.33
Debt/FCF 4.21
Altman-Z 164.96
ROIC/WACC2835.89
WACC1.34%
WRG.CA Yearly LT Debt VS Equity VS FCFWRG.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500B 1T

2.3 Liquidity

  • A Current Ratio of 1.90 indicates that WRG should not have too much problems paying its short term obligations.
  • With a decent Current ratio value of 1.90, WRG is doing good in the industry, outperforming 66.67% of the companies in the same industry.
  • A Quick Ratio of 1.90 indicates that WRG should not have too much problems paying its short term obligations.
  • The Quick ratio of WRG (1.90) is better than 74.07% of its industry peers.
Industry RankSector Rank
Current Ratio 1.9
Quick Ratio 1.9
WRG.CA Yearly Current Assets VS Current LiabilitesWRG.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500B 1T 1.5T

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4

3. Growth

3.1 Past

  • WRG shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.98%.
  • Looking at the last year, WRG shows a decrease in Revenue. The Revenue has decreased by -0.38% in the last year.
  • The Revenue has been growing by 559.32% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)6.98%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-86.33%
Revenue 1Y (TTM)-0.38%
Revenue growth 3Y2548.71%
Revenue growth 5Y559.32%
Sales Q2Q%-14.24%

3.2 Future

  • The Earnings Per Share is expected to grow by 27.02% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 4.74% on average over the next years.
EPS Next Y89.11%
EPS Next 2Y41.77%
EPS Next 3Y27.02%
EPS Next 5YN/A
Revenue Next Year-3.17%
Revenue Next 2Y-1.14%
Revenue Next 3Y0.15%
Revenue Next 5Y4.74%

3.3 Evolution

  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
WRG.CA Yearly Revenue VS EstimatesWRG.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 500B 1T 1.5T 2T 2.5T
WRG.CA Yearly EPS VS EstimatesWRG.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 -20 -40 -60 -80 -100

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3

4. Valuation

4.1 Price/Earnings Ratio

  • WRG reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • The Price/Forward Earnings ratio is 232.67, which means the current valuation is very expensive for WRG.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of WRG indicates a slightly more expensive valuation: WRG is more expensive than 66.67% of the companies listed in the same industry.
  • WRG is valuated expensively when we compare the Price/Forward Earnings ratio to 25.51, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 232.67
WRG.CA Price Earnings VS Forward Price EarningsWRG.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 100 150 200

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of WRG indicates a rather cheap valuation: WRG is cheaper than 100.00% of the companies listed in the same industry.
  • WRG's Price/Free Cash Flow ratio is rather cheap when compared to the industry. WRG is cheaper than 88.89% of the companies in the same industry.
Industry RankSector Rank
P/FCF 3.45
EV/EBITDA 0.01
WRG.CA Per share dataWRG.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • WRG's earnings are expected to grow with 27.02% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y41.77%
EPS Next 3Y27.02%

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0

5. Dividend

5.1 Amount

  • WRG does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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WESTERN ENERGY SERVICES CORP

TSX:WRG (2/2/2026, 7:00:00 PM)

2.35

+0.01 (+0.43%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)10-21
Earnings (Next)02-24
Inst Owners49.68%
Inst Owner ChangeN/A
Ins Owners6.6%
Ins Owner ChangeN/A
Market Cap79.52M
Revenue(TTM)218.77M
Net Income(TTM)-6.86M
Analysts45.71
Price Target2.81 (19.57%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend12.01
Dividend Growth(5Y)109.05%
DP-71722.33%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-55.94%
Min EPS beat(2)-73.27%
Max EPS beat(2)-38.61%
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)0
Avg Revenue beat(2)-15.16%
Min Revenue beat(2)-15.73%
Max Revenue beat(2)-14.59%
Revenue beat(4)1
Avg Revenue beat(4)-7.4%
Min Revenue beat(4)-15.73%
Max Revenue beat(4)6.34%
Revenue beat(8)4
Avg Revenue beat(8)-4.12%
Revenue beat(12)6
Avg Revenue beat(12)-4.81%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)10%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-10%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-8.47%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.31%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 232.67
P/S 0.36
P/FCF 3.45
P/OCF 1.76
P/B 0.28
P/tB 0.28
EV/EBITDA 0.01
EPS(TTM)-0.2
EYN/A
EPS(NY)0.01
Fwd EY0.43%
FCF(TTM)0.68
FCFY28.95%
OCF(TTM)1.34
OCFY56.92%
SpS6.46
BVpS8.43
TBVpS8.43
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -1.69%
ROE -2.4%
ROCE 5277.9%
ROIC 3800.09%
ROICexc 3834.56%
ROICexgc 3834.56%
OM 9275.76%
PM (TTM) N/A
GM 28.43%
FCFM 10.52%
ROA(3y)-1.33%
ROA(5y)-4.05%
ROE(3y)-6.13%
ROE(5y)-11.33%
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 3Y17.12%
GM growth 5Y8.53%
F-Score6
Asset Turnover0.54
Health
Industry RankSector Rank
Debt/Equity 0.33
Debt/FCF 4.21
Debt/EBITDA 0
Cap/Depr 53.86%
Cap/Sales 10.17%
Interest Coverage 2241.78
Cash Conversion 0.22%
Profit Quality N/A
Current Ratio 1.9
Quick Ratio 1.9
Altman-Z 164.96
F-Score6
WACC1.34%
ROIC/WACC2835.89
Cap/Depr(3y)83.71%
Cap/Depr(5y)54.65%
Cap/Sales(3y)5.03%
Cap/Sales(5y)4.6%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)6.98%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-86.33%
EPS Next Y89.11%
EPS Next 2Y41.77%
EPS Next 3Y27.02%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.38%
Revenue growth 3Y2548.71%
Revenue growth 5Y559.32%
Sales Q2Q%-14.24%
Revenue Next Year-3.17%
Revenue Next 2Y-1.14%
Revenue Next 3Y0.15%
Revenue Next 5Y4.74%
EBIT growth 1Y138.34%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year100.04%
EBIT Next 3Y26%
EBIT Next 5YN/A
FCF growth 1Y-6.64%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-12.25%
OCF growth 3YN/A
OCF growth 5YN/A

WESTERN ENERGY SERVICES CORP / WRG.CA FAQ

What is the ChartMill fundamental rating of WESTERN ENERGY SERVICES CORP (WRG.CA) stock?

ChartMill assigns a fundamental rating of 4 / 10 to WRG.CA.


What is the valuation status of WESTERN ENERGY SERVICES CORP (WRG.CA) stock?

ChartMill assigns a valuation rating of 3 / 10 to WESTERN ENERGY SERVICES CORP (WRG.CA). This can be considered as Overvalued.


What is the profitability of WRG stock?

WESTERN ENERGY SERVICES CORP (WRG.CA) has a profitability rating of 4 / 10.


What is the earnings growth outlook for WESTERN ENERGY SERVICES CORP?

The Earnings per Share (EPS) of WESTERN ENERGY SERVICES CORP (WRG.CA) is expected to grow by 89.11% in the next year.