Ensign Energy Services Inc.

TSX:ESI Stock Report

Market Cap: CA$434.6m

Ensign Energy Services Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Discounted Cash Flow
Simply Wall St
CA$12.16
Fair Value
80.9% undervalued intrinsic discount
6
Number of Analysts

Below Fair Value: ESI (CA$2.32) is trading below our estimate of fair value (CA$12.16)

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

Key Valuation Metric

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

Key metric: As ESI is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for ESI. This is calculated by dividing ESI's market cap by their current revenue.
What is ESI's PS Ratio?
PS Ratio0.3x
SalesCA$1.68b
Market CapCA$434.56m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for ESI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.5x
PHX PHX Energy Services
0.6x3.6%CA$415.0m
PD Precision Drilling
0.5x1.5%CA$888.0m
WRG Western Energy Services
0.3x4.1%CA$74.1m
AKT.A AKITA Drilling
0.4x9.4%CA$78.0m
ESI Ensign Energy Services
0.3x2.4%CA$434.6m

Price-To-Sales vs Peers: ESI is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (0.5x).

Price to Sales Ratio vs Industry

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

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
WEII.H Wolverine Energy and Infrastructure
0.08xn/aUS$3.10m
FLNT Flint
0.005xn/aUS$2.30m
DVG Divergent Energy Services
0.01xn/aUS$134.21k
No more companies available in this PS range
ESI 0.3xIndustry Avg. 0.4xNo. of Companies10PS00.40.81.21.62+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: ESI is good value based on its Price-To-Sales Ratio (0.3x) compared to the Canadian Energy Services industry average (0.4x).

Price to Sales Ratio vs Fair Ratio

What is ESI'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.

ESI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ratio0.7x

Price-To-Sales vs Fair Ratio: ESI is good value based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (0.7x).

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 ESI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$2.32
CA$3.58
+54.5%
14.3%CA$4.50CA$2.75n/a6
Mar ’26CA$2.76
CA$4.08
+47.9%
18.6%CA$5.50CA$3.00n/a6
Feb ’26CA$3.16
CA$4.04
+27.9%
19.0%CA$5.50CA$3.25n/a6
Jan ’26CA$2.98
CA$3.83
+28.6%
20.2%CA$5.50CA$3.25n/a6
Dec ’25CA$2.95
CA$3.67
+24.3%
11.6%CA$4.50CA$3.25n/a6
Nov ’25CA$2.91
CA$3.67
+26.0%
11.6%CA$4.50CA$3.25n/a6
Oct ’25CA$2.60
CA$3.63
+39.4%
12.4%CA$4.50CA$3.00n/a6
Sep ’25CA$2.53
CA$3.63
+43.3%
12.4%CA$4.50CA$3.00n/a6
Aug ’25CA$2.53
CA$3.75
+48.2%
15.4%CA$5.00CA$3.25n/a6
Jul ’25CA$2.28
CA$3.92
+71.8%
14.1%CA$5.00CA$3.50n/a6
Jun ’25CA$2.35
CA$3.71
+58.1%
17.0%CA$5.00CA$2.75n/a7
May ’25CA$2.48
CA$3.79
+52.6%
16.7%CA$5.00CA$2.75n/a7
Apr ’25CA$2.59
CA$3.71
+43.4%
17.8%CA$5.00CA$2.75n/a7
Mar ’25CA$2.37
CA$3.64
+53.7%
19.4%CA$5.00CA$2.75CA$2.767
Feb ’25CA$2.21
CA$3.57
+61.6%
20.7%CA$5.00CA$2.50CA$3.167
Jan ’25CA$2.17
CA$3.86
+77.7%
17.6%CA$5.00CA$3.00CA$2.987
Dec ’24CA$2.06
CA$4.39
+113.2%
27.0%CA$7.00CA$3.00CA$2.957
Nov ’24CA$2.51
CA$4.71
+87.8%
29.8%CA$8.00CA$3.50CA$2.917
Oct ’24CA$3.26
CA$4.79
+46.8%
29.3%CA$8.00CA$3.50CA$2.607
Sep ’24CA$3.19
CA$4.71
+47.8%
31.6%CA$8.00CA$3.25CA$2.537
Aug ’24CA$2.48
CA$4.12
+66.2%
40.0%CA$8.00CA$2.50CA$2.539
Jul ’24CA$1.89
CA$4.53
+139.6%
37.3%CA$8.50CA$2.50CA$2.289
Jun ’24CA$2.13
CA$4.67
+119.1%
35.4%CA$8.50CA$2.50CA$2.359
May ’24CA$2.62
CA$5.38
+105.5%
26.8%CA$8.50CA$3.50CA$2.489
Apr ’24CA$3.04
CA$5.72
+88.0%
25.7%CA$9.00CA$3.70CA$2.599
Mar ’24CA$3.61
CA$6.00
+66.2%
24.8%CA$9.00CA$4.25CA$2.379
Analyst Price Target
Consensus Narrative from 6 Analysts
CA$3.58
Fair Value
35.3% undervalued intrinsic discount
6
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/03/21 23:19
End of Day Share Price 2025/03/21 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Ensign Energy Services Inc. is covered by 22 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Waqar SyedATB Capital Markets
James WestBarclays
John GibsonBMO Capital Markets Equity Research