Financials Trican Well Service Ltd.

Equities

TCW

CA8959451037

Oil Related Services and Equipment

Market Closed - Toronto S.E. 04:00:00 2024-06-06 pm EDT 5-day change 1st Jan Change
4.5 CAD +3.69% Intraday chart for Trican Well Service Ltd. +2.27% +9.22%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 317.9 431.1 689.6 844.7 869.3 918.6 - -
Enterprise Value (EV) 1 376.5 422.3 670.4 829 780.5 833.5 768.7 738.3
P/E ratio -4.38 x -1.89 x 39.6 x 11.4 x 7.49 x 8.93 x 8.04 x 7.83 x
Yield - - - - 3.88% 4% 4.07% -
Capitalization / Revenue 0.5 x 1.09 x 1.23 x 0.98 x 0.89 x 0.96 x 0.91 x 0.95 x
EV / Revenue 0.59 x 1.06 x 1.19 x 0.96 x 0.8 x 0.87 x 0.76 x 0.76 x
EV / EBITDA 12.3 x 28.9 x 6.6 x 4.19 x 3.27 x 3.65 x 3.07 x 3.14 x
EV / FCF -81.8 x 7.28 x 33.2 x 17.1 x 4.61 x 9.76 x 6.12 x 6.8 x
FCF Yield -1.22% 13.7% 3.02% 5.86% 21.7% 10.2% 16.3% 14.7%
Price to Book 0.42 x - 1.46 x 1.79 x 1.67 x 1.72 x 1.47 x -
Nbr of stocks (in thousands) 278,881 256,622 248,944 230,800 210,990 204,141 - -
Reference price 2 1.140 1.680 2.770 3.660 4.120 4.500 4.500 4.500
Announcement Date 2/27/20 2/23/21 2/23/22 2/22/23 2/21/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 636.1 397 562.5 866.3 972.7 953.7 1,014 965.4
EBITDA 1 30.57 14.62 101.6 197.8 238.8 228.3 250.4 235.5
EBIT 1 -84.87 - 14.22 110.2 161.6 147.5 164.3 155.2
Operating Margin -13.34% - 2.53% 12.72% 16.62% 15.46% 16.2% 16.08%
Earnings before Tax (EBT) 1 -99.83 -264.8 11.98 107.9 159 147.1 166.4 156.1
Net income 1 -73.46 -234.7 17.22 79.22 121 106.6 122.1 117.8
Net margin -11.55% -59.11% 3.06% 9.14% 12.44% 11.18% 12.04% 12.2%
EPS 2 -0.2600 -0.8900 0.0700 0.3200 0.5500 0.5040 0.5600 0.5750
Free Cash Flow 1 -4.6 57.98 20.21 48.61 169.2 85.38 125.6 108.6
FCF margin -0.72% 14.6% 3.59% 5.61% 17.39% 8.95% 12.38% 11.24%
FCF Conversion (EBITDA) - 396.46% 19.9% 24.58% 70.84% 37.4% 50.13% 46.09%
FCF Conversion (Net income) - - 117.38% 61.37% 139.8% 80.09% 102.8% 92.15%
Dividend per Share 2 - - - - 0.1600 0.1800 0.1833 -
Announcement Date 2/27/20 2/23/21 2/23/22 2/22/23 2/21/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 2025 Q2
Net sales 1 156.4 218.9 152.6 258.3 236.5 297 168.2 252.5 254.9 271.9 188.8 232.7 238 - -
EBITDA 1 28.01 41.99 23.61 72.09 60.1 82.9 32.95 68.5 57.27 74.26 35.66 63.92 56.08 76.15 34.68
EBIT 1 10.36 - - 50.9 38.3 61.67 - - 38.67 - 16.7 40.9 39.9 - -
Operating Margin 6.63% - - 19.71% 16.2% 20.76% - - 15.17% - 8.85% 17.58% 16.77% - -
Earnings before Tax (EBT) 1 9.555 - - 50.36 37.31 60.66 - - 38.14 - 16.3 40.7 40 - -
Net income 1 10.58 13.34 1.467 38.19 26.22 46.03 9.839 36.38 28.76 - 10.35 26.65 26.45 - -
Net margin 6.77% 6.09% 0.96% 14.79% 11.09% 15.5% 5.85% 14.41% 11.28% - 5.48% 11.45% 11.12% - -
EPS 2 0.0400 0.0500 0.0100 0.1600 0.1000 0.2000 0.0400 0.1700 0.1400 0.1900 0.0500 0.1467 0.1300 0.1800 0.0433
Dividend per Share - - - - - 0.0400 - 0.0400 0.0400 - - - - - -
Announcement Date 2/23/22 5/11/22 7/26/22 11/10/22 2/22/23 5/11/23 8/1/23 11/9/23 2/21/24 5/14/24 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 58.5 - - - - - - -
Net Cash position 1 - 8.84 19.2 15.7 88.8 85.2 150 180
Leverage (Debt/EBITDA) 1.915 x - - - - - - -
Free Cash Flow 1 -4.6 58 20.2 48.6 169 85.4 126 109
ROE (net income / shareholders' equity) -9.27% -37.8% 2.44% 15.9% 23.7% 19.4% 20.6% 18.5%
ROA (Net income/ Total Assets) -7.48% -31.3% 3% - 17.5% 13.9% 15.6% -
Assets 1 982.2 749.3 573.4 - 690.7 766.9 782.9 -
Book Value Per Share 2 2.730 - 1.900 2.050 2.470 2.610 3.060 -
Cash Flow per Share 2 0.1100 0.0800 0.3900 0.6200 1.120 0.8600 1.050 1.090
Capex 1 33.2 12.8 53.9 104 79.3 90.3 84.2 96.9
Capex / Sales 5.22% 3.22% 9.58% 11.96% 8.15% 9.47% 8.3% 10.04%
Announcement Date 2/27/20 2/23/21 2/23/22 2/22/23 2/21/24 - - -
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
4.5 CAD
Average target price
5.556 CAD
Spread / Average Target
+23.46%
Consensus
  1. Stock Market
  2. Equities
  3. TCW Stock
  4. Financials Trican Well Service Ltd.