CALFRAC WELL SERVICES LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.53 CAD | -1.09% |
|
-3.00% | +1.34% |
| Mar. 15 | Calfrac Well Services Downgraded to Hold at Stifel FirstEnergy on Weak Outlook; Price Target Cut to C$5.00 | MT |
| Mar. 15 | Calfrac Well Services Price Target Lowered to $5.50 at RBC | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 181.1 | 147.4 | 158.3 | 490.4 | 363.7 | 388.3 | - | - |
| Enterprise Value (EV) 1 | 1,115 | 464.2 | 568.7 | 836.8 | 604.8 | 574.3 | 520.3 | 388.3 |
| P/E ratio | -1.16 x | -0.05 x | -1.9 x | - | 2.07 x | 8.55 x | 6 x | 5.09 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.11 x | 0.21 x | 0.16 x | 0.33 x | 0.2 x | 0.25 x | 0.22 x | - |
| EV / Revenue | 0.69 x | 0.66 x | 0.57 x | 0.56 x | 0.32 x | 0.37 x | 0.29 x | - |
| EV / EBITDA | 7.01 x | 19.5 x | 9.27 x | 3.58 x | 1.86 x | 2.52 x | 1.87 x | 1.39 x |
| EV / FCF | -72.7 x | -25.8 x | -7.22 x | 30.2 x | 5.35 x | 11.7 x | 8.81 x | - |
| FCF Yield | -1.38% | -3.88% | -13.9% | 3.31% | 18.7% | 8.52% | 11.4% | - |
| Price to Book | 0.49 x | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 2,898 | 37,408 | 37,701 | 80,398 | 81,374 | 85,716 | - | - |
| Reference price 2 | 62.50 | 3.940 | 4.200 | 6.100 | 4.470 | 4.530 | 4.530 | 4.530 |
| Announcement Date | 3/5/20 | 3/4/21 | 3/16/22 | 3/16/23 | 3/14/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,621 | 705.4 | 1,002 | 1,499 | 1,864 | 1,568 | 1,764 | - |
| EBITDA 1 | 159.1 | 23.81 | 61.38 | 233.7 | 325.5 | 227.5 | 277.8 | 278.6 |
| EBIT | -108.5 | -149.7 | -67.46 | - | 203.7 | - | - | - |
| Operating Margin | -6.69% | -21.22% | -6.73% | - | 10.93% | - | - | - |
| Earnings before Tax (EBT) | -208.4 | - | -108.4 | - | 201.6 | - | - | - |
| Net income | -156.2 | -324.2 | -82.81 | - | 190.7 | - | - | - |
| Net margin | -9.64% | -45.96% | -8.26% | - | 10.23% | - | - | - |
| EPS 2 | -54.00 | -76.78 | -2.210 | - | 2.160 | 0.5300 | 0.7550 | 0.8900 |
| Free Cash Flow 1 | -15.35 | -18 | -78.77 | 27.72 | 113 | 48.93 | 59.07 | - |
| FCF margin | -0.95% | -2.55% | -7.86% | 1.85% | 6.06% | 3.12% | 3.35% | - |
| FCF Conversion (EBITDA) | - | - | - | 11.86% | 34.72% | 21.51% | 21.26% | - |
| FCF Conversion (Net income) | - | - | - | - | 59.26% | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 3/5/20 | 3/4/21 | 3/16/22 | 3/16/23 | 3/14/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 295.8 | 257.8 | 294.5 | 318.5 | 438.3 | 447.8 | 493.3 | 466.5 | 483.1 | 421.4 | 346.1 | - | - | - | - |
| EBITDA 1 | 35.58 | 9.469 | 20.83 | 39.25 | 91.32 | 82.34 | 83.79 | 87.78 | 91.29 | 62.59 | 30.6 | 60.4 | 75.05 | 60 | 66.2 |
| EBIT | - | -24.44 | -9.322 | 7.948 | - | - | 53.09 | - | 62.43 | 29.85 | - | - | - | - | - |
| Operating Margin | - | -9.48% | -3.17% | 2.5% | - | - | 10.76% | - | 12.92% | 7.08% | - | - | - | - | - |
| Earnings before Tax (EBT) | - | -34.68 | -23.62 | -5.067 | - | - | 49.44 | - | 94.96 | 7.642 | - | - | - | - | - |
| Net income | - | -28.32 | -21.54 | -36.19 | - | - | 38.34 | - | 86.57 | 12.5 | - | - | - | - | - |
| Net margin | - | -10.99% | -7.31% | -11.36% | - | - | 7.77% | - | 17.92% | 2.97% | - | - | - | - | - |
| EPS 2 | -0.0400 | -0.7500 | -0.5600 | -0.9400 | 0.6600 | - | 0.4700 | 0.6100 | 0.9700 | 0.1400 | -0.0900 | 0.1400 | 0.2900 | 0.1700 | 0.2100 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/2/21 | 3/16/22 | 5/3/22 | 7/28/22 | 11/2/22 | 3/16/23 | 5/9/23 | 8/10/23 | 11/8/23 | 3/14/24 | - | - | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 934 | 317 | 410 | 346 | 241 | 186 | 132 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.871 x | 13.3 x | 6.686 x | 1.482 x | 0.7407 x | 0.8176 x | 0.4752 x | - |
| Free Cash Flow 1 | -15.3 | -18 | -78.8 | 27.7 | 113 | 48.9 | 59.1 | - |
| ROE (net income / shareholders' equity) | -35.4% | - | -22.2% | - | 27.3% | 12% | 16% | - |
| ROA (Net income/ Total Assets) | -9.44% | - | - | - | - | 7% | 10% | - |
| Assets | 1,654 | - | - | - | - | - | - | - |
| Book Value Per Share | 127.0 | - | - | - | - | - | - | - |
| Cash Flow per Share 2 | 23.80 | 0.3700 | 0.4200 | 2.160 | 3.590 | 2.320 | 2.880 | 3.010 |
| Capex 1 | 147 | 46.2 | 63.4 | 79.8 | 169 | 169 | 202 | 195 |
| Capex / Sales | 9.09% | 6.55% | 6.33% | 5.32% | 9.05% | 10.75% | 11.45% | - |
| Announcement Date | 3/5/20 | 3/4/21 | 3/16/22 | 3/16/23 | 3/14/24 | - | - | - |
1CAD in Million2CAD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
D+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
4.53
CAD
Average target price
5.5
CAD
Spread / Average Target
+21.41%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +1.34% | 284M | |
| +22.81% | 4.94B | |
| +5.86% | 4.24B | |
| +26.85% | 3.83B | |
| +1.38% | 1.87B | |
| +24.90% | 976M | |
| +30.80% | 781M | |
| +18.18% | 727M | |
| +66.25% | 646M | |
| +2.68% | 493M |
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- Financials Calfrac Well Services Ltd.
