Stock TCW TRICAN WELL SERVICE LTD.
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Financials Trican Well Service Ltd.

Equities

TCW

CA8959451037

Oil Related Services and Equipment

Market Closed - Toronto S.E.
Other stock markets
 01:30:00 27/04/2024 am IST 		5-day change 1st Jan Change
4.33 CAD +2.12% Intraday chart for Trican Well Service Ltd. +1.17% +5.10%
18/03 RBC Capital Markets Names Favorite Stocks In Oil And Gas Sector MT
22/02 Transcript : Trican Well Service Ltd., Q4 2023 Earnings Call, Feb 22, 2024

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 317.9 431.1 689.6 844.7 869.3 889.2 - -
Enterprise Value (EV) 1 376.5 422.3 670.4 829 780.5 763.1 697.9 703.5
P/E ratio -4.38 x -1.89 x 39.6 x 11.4 x 7.49 x 8.66 x 7.57 x 7.6 x
Yield - - - - 3.88% 4.16% 4.27% -
Capitalization / Revenue 0.5 x 1.09 x 1.23 x 0.98 x 0.89 x 0.92 x 0.86 x 0.89 x
EV / Revenue 0.59 x 1.06 x 1.19 x 0.96 x 0.8 x 0.79 x 0.68 x 0.71 x
EV / EBITDA 12.3 x 28.9 x 6.6 x 4.19 x 3.27 x 3.35 x 2.79 x 3.04 x
EV / FCF -81.8 x 7.28 x 33.2 x 17.1 x 4.61 x 7.87 x 5.56 x 6.69 x
FCF Yield -1.22% 13.7% 3.02% 5.86% 21.7% 12.7% 18% 14.9%
Price to Book 0.42 x - 1.46 x 1.79 x 1.67 x - - -
Nbr of stocks (in thousands) 2,78,881 2,56,622 2,48,944 2,30,800 2,10,990 2,05,362 - -
Reference price 2 1.140 1.680 2.770 3.660 4.120 4.330 4.330 4.330
Announcement Date 27/02/20 23/02/21 23/02/22 22/02/23 21/02/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 636.1 397 562.5 866.3 972.7 965.2 1,033 994.4
EBITDA 1 30.57 14.62 101.6 197.8 238.8 227.5 249.8 231.8
EBIT 1 -84.87 - 14.22 110.2 161.6 154.5 170.6 155.3
Operating Margin -13.34% - 2.53% 12.72% 16.62% 16.01% 16.52% 15.62%
Earnings before Tax (EBT) 1 -99.83 -264.8 11.98 107.9 159 153.8 171.5 156.2
Net income 1 -73.46 -234.7 17.22 79.22 121 116 129.2 117.5
Net margin -11.55% -59.11% 3.06% 9.14% 12.44% 12.02% 12.52% 11.82%
EPS 2 -0.2600 -0.8900 0.0700 0.3200 0.5500 0.5000 0.5717 0.5700
Free Cash Flow 1 -4.6 57.98 20.21 48.61 169.2 96.92 125.4 105.1
FCF margin -0.72% 14.6% 3.59% 5.61% 17.39% 10.04% 12.15% 10.57%
FCF Conversion (EBITDA) - 396.46% 19.9% 24.58% 70.84% 42.61% 50.22% 45.35%
FCF Conversion (Net income) - - 117.38% 61.37% 139.8% 83.55% 97.05% 89.45%
Dividend per Share 2 - - - - 0.1600 0.1800 0.1850 -
Announcement Date 27/02/20 23/02/21 23/02/22 22/02/23 21/02/24 - - -
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 1 164.5 156.4 218.9 152.6 258.3 236.5 297 168.2 252.5 254.9 278.8 - 254.1 256.1 -
EBITDA 1 30.64 28.01 41.99 23.61 72.09 60.1 82.9 32.95 68.5 57.27 71.09 32.03 65.8 57.67 80.8
EBIT 9.46 10.36 - - 50.9 38.3 61.67 - - 38.67 - - 46.9 42.4 -
Operating Margin 5.75% 6.63% - - 19.71% 16.2% 20.76% - - 15.17% - - 18.46% 16.56% -
Earnings before Tax (EBT) 9.092 9.555 - - 50.36 37.31 60.66 - - 38.14 - - 47.1 42.9 -
Net income 9.026 10.58 13.34 1.467 38.19 26.22 46.03 9.839 36.38 28.76 - - 35.3 32.2 -
Net margin 5.49% 6.77% 6.09% 0.96% 14.79% 11.09% 15.5% 5.85% 14.41% 11.28% - - 13.89% 12.57% -
EPS 2 0.0400 0.0400 0.0500 0.0100 0.1600 0.1000 0.2000 0.0400 0.1700 0.1400 0.1733 0.0450 0.1600 0.1350 0.2200
Dividend per Share - - - - - - 0.0400 - 0.0400 0.0400 - - - - -
Announcement Date 26/10/21 23/02/22 11/05/22 26/07/22 10/11/22 22/02/23 11/05/23 01/08/23 09/11/23 21/02/24 - - - - -
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 88.8 126 191 186
Leverage (Debt/EBITDA) 1.915 x - - - - - - -
Free Cash Flow 1 -4.6 58 20.2 48.6 169 96.9 125 105
ROE (net income / shareholders' equity) -9.27% -37.8% 2.44% 15.9% 23.7% 19.3% 20.5% 18.1%
ROA (Net income/ Total Assets) -7.48% -31.3% 3% - 17.5% 14% 15% -
Assets 1 982.2 749.3 573.4 - 690.7 828.6 861.7 -
Book Value Per Share 2.730 - 1.900 2.050 2.470 - - -
Cash Flow per Share 2 0.1100 0.0800 0.3900 0.6200 1.120 0.9100 1.030 1.060
Capex 1 33.2 12.8 53.9 104 79.3 90.3 81.7 98
Capex / Sales 5.22% 3.22% 9.58% 11.96% 8.15% 9.35% 7.91% 9.85%
Announcement Date 27/02/20 23/02/21 23/02/22 22/02/23 21/02/24 - - -
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

Ratings for Trican Well Service Ltd.

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
4.33 CAD
Average target price
5.528 CAD
Spread / Average Target
+27.66%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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