Modernizing Fleet And Expansion Into Vaca Muerta Will Improve Future Efficiency

The upward revision in Calfrac Well Services' price target reflects a substantial improvement in net profit margin and a markedly lower future P/E ratio, resulting in a new consensus fair value of CA$4.50. Valuation Changes Summary of Valuation Changes for Calfrac Well Services The Consensus Analyst Price Target has risen from CA$4.17 to CA$4.50.

AnalystConsensusTarget has decreased revenue growth from -0.6% to -2.1%, decreased profit margin from 4.1% to 0.7% and increased future PE multiple from 8.6x to 51.4x.

AnalystConsensusTarget has decreased revenue growth from 1.6% to -0.6% and increased profit margin from 3.7% to 4.1%.

AnalystConsensusTarget has decreased discount rate from 10.3% to 9.1%.

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

AnalystConsensusTarget has increased future PE multiple from 7.5x to 9.4x.

AnalystConsensusTarget has decreased revenue growth from -0.4% to 1.6% and decreased future PE multiple from 10.5x to 7.5x.