We’ve recently updated our valuation analysis.

Enerflex Valuation

Is EFX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

[object Object] Score

4/6

Valuation Score 4/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EFX?

Other financial metrics that can be useful for relative valuation.

EFX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA9.4x
PEG Ration/a

Price to Sales Ratio vs Peers

How does EFX's PS Ratio compare to its peers?

The above table shows the PS ratio for EFX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.7x
SCL Shawcor
0.7x6.9%CA$879.4m
PSI Pason Systems
4.3x11.4%CA$1.3b
TCW Trican Well Service
1.2x13.2%CA$926.0m
CEU CES Energy Solutions
0.4x6.5%CA$731.9m
EFX Enerflex
0.8x18.7%CA$1.1b

Price-To-Sales vs Peers: EFX is good value based on its Price-To-Sales Ratio (0.8x) compared to the peer average (1.7x).


Price to Earnings Ratio vs Industry

How does EFX's PE Ratio compare vs other companies in the CA Energy Services Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a55.2%
n/an/an/a

Price-To-Sales vs Industry: EFX is expensive based on its Price-To-Sales Ratio (0.8x) compared to the Canadian Energy Services industry average (0.7x)


Price to Sales Ratio vs Fair Ratio

What is EFX's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EFX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.8x
Fair PS Ratio0.9x

Price-To-Sales vs Fair Ratio: EFX is good value based on its Price-To-Sales Ratio (0.8x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).


Share Price vs Fair Value

What is the Fair Price of EFX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EFX (CA$8.92) is trading below our estimate of fair value (CA$49.31)

Significantly Below Fair Value: EFX is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst EFX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$8.92
CA$11.64
+30.5%
19.1%CA$16.00CA$9.00n/a9
Nov ’23CA$7.30
CA$11.19
+53.3%
18.8%CA$16.00CA$8.00n/a9
Oct ’23CA$5.93
CA$11.53
+94.4%
17.0%CA$16.00CA$9.00n/a9
Sep ’23CA$6.57
CA$11.66
+77.4%
17.9%CA$16.00CA$9.00n/a8
Aug ’23CA$5.90
CA$11.56
+96.0%
19.2%CA$16.00CA$9.00n/a8
Jul ’23CA$6.07
CA$12.06
+98.7%
17.3%CA$16.00CA$9.00n/a8
Jun ’23CA$8.03
CA$12.13
+51.0%
16.5%CA$16.00CA$9.50n/a8
May ’23CA$8.86
CA$12.03
+35.8%
14.8%CA$15.00CA$9.50n/a8
Apr ’23CA$8.08
CA$11.64
+44.0%
16.2%CA$15.00CA$9.00n/a9
Mar ’23CA$8.03
CA$11.47
+42.9%
18.3%CA$15.00CA$8.00n/a9
Feb ’23CA$7.35
CA$10.94
+48.9%
18.0%CA$15.00CA$8.00n/a9
Jan ’23CA$7.66
CA$11.47
+49.8%
11.4%CA$14.00CA$10.00n/a9
Dec ’22CA$7.27
CA$11.92
+63.9%
12.4%CA$15.00CA$10.00CA$8.929
Nov ’22CA$10.89
CA$12.53
+15.0%
12.0%CA$15.00CA$9.25CA$7.309
Oct ’22CA$9.34
CA$11.58
+24.0%
12.7%CA$14.00CA$9.25CA$5.939
Sep ’22CA$7.62
CA$11.58
+52.0%
12.7%CA$14.00CA$9.25CA$6.579
Aug ’22CA$7.24
CA$11.42
+57.7%
12.3%CA$14.00CA$9.25CA$5.909
Jul ’22CA$8.39
CA$11.42
+36.1%
12.3%CA$14.00CA$9.25CA$6.079
Jun ’22CA$8.12
CA$11.22
+38.2%
10.4%CA$13.00CA$9.25CA$8.038
May ’22CA$8.20
CA$11.13
+35.7%
9.7%CA$13.00CA$9.50CA$8.868
Apr ’22CA$8.46
CA$11.13
+31.5%
9.7%CA$13.00CA$9.50CA$8.088
Mar ’22CA$9.05
CA$11.06
+22.2%
10.5%CA$13.00CA$9.50CA$8.038
Feb ’22CA$6.81
CA$10.06
+47.8%
13.9%CA$13.00CA$8.50CA$7.358
Jan ’22CA$6.56
CA$9.07
+38.3%
20.1%CA$13.00CA$7.00CA$7.667
Dec ’21CA$6.94
CA$8.79
+26.6%
16.6%CA$12.00CA$7.00CA$7.277

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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