Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in Canada.
No risks detected for TCW from our risk checks.
Trican Well Service Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$2.61|
|52 Week High||CA$1.06|
|52 Week Low||CA$2.81|
|1 Month Change||12.02%|
|3 Month Change||-2.25%|
|1 Year Change||137.27%|
|3 Year Change||17.57%|
|5 Year Change||7.41%|
|Change since IPO||440.00%|
Recent News & Updates
|TCW||CA Energy Services||CA Market|
Return vs Industry: TCW exceeded the Canadian Energy Services industry which returned 79.4% over the past year.
Return vs Market: TCW exceeded the Canadian Market which returned 28.9% over the past year.
Stable Share Price: TCW is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: TCW's weekly volatility (6%) has been stable over the past year.
About the Company
Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in Canada. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design solutions, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services; and cement pumpers, bulk equipment, and cement auxiliary equipment. It also provides reservoir solutions, such as exploration, production analysis, and simulation and modeling services; coiled tubing solutions that include coiled tubing fracturing and acidizing, specially designed tools, in-house engineering, well cleanouts, milling, high pressure jetting, e-coil (smart coil), nitrogen gas lifting, and production enhancement, as well as equipment and tools; and acidizing and production enhancement services comprising production and injection well enhancement services, and equipment.
Is Trican Well Service undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TCW (CA$2.61) is trading below our estimate of fair value (CA$13.98)
Significantly Below Fair Value: TCW is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TCW is unprofitable, so we can't compare its PE Ratio to the Canadian Energy Services industry average.
PE vs Market: TCW is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TCW's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TCW is overvalued based on its PB Ratio (1.3x) compared to the CA Energy Services industry average (0.7x).
How is Trican Well Service forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TCW is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).
Earnings vs Market: TCW is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: TCW's is expected to become profitable in the next 3 years.
Revenue vs Market: TCW's revenue (22.8% per year) is forecast to grow faster than the Canadian market (6.2% per year).
High Growth Revenue: TCW's revenue (22.8% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TCW's Return on Equity is forecast to be low in 3 years time (9.8%).
How has Trican Well Service performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TCW is currently unprofitable.
Growing Profit Margin: TCW is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TCW is unprofitable, and losses have increased over the past 5 years at a rate of 29.5% per year.
Accelerating Growth: Unable to compare TCW's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TCW is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-19%).
Return on Equity
High ROE: TCW has a negative Return on Equity (-11.7%), as it is currently unprofitable.
How is Trican Well Service's financial position?
Financial Position Analysis
Short Term Liabilities: TCW's short term assets (CA$160.9M) exceed its short term liabilities (CA$60.5M).
Long Term Liabilities: TCW's short term assets (CA$160.9M) exceed its long term liabilities (CA$9.0M).
Debt to Equity History and Analysis
Debt Level: TCW is debt free.
Reducing Debt: TCW has no debt compared to 5 years ago when its debt to equity ratio was 47.9%.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable TCW has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TCW is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 8.8% per year.
What is Trican Well Service current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TCW's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TCW's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TCW's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TCW's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: TCW is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TCW's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Brad Fedora (51 yo)
Mr. Bradley P. D. Fedora, also known as Brad, MBA, has been Chief Executive Officer and President of Trican Well Service Ltd. since September 1, 2020. He has been Director at Trican Well Service Ltd.since...
CEO Compensation Analysis
Compensation vs Market: Brad's total compensation ($USD1.29M) is above average for companies of similar size in the Canadian market ($USD873.80K).
Compensation vs Earnings: Brad's compensation has increased whilst the company is unprofitable.
Experienced Management: TCW's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Experienced Board: TCW's board of directors are not considered experienced ( 0.7 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TCW insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Trican Well Service Ltd.'s employee growth, exchange listings and data sources
- Name: Trican Well Service Ltd.
- Ticker: TCW
- Exchange: TSX
- Founded: 1979
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: CA$666.336m
- Shares outstanding: 249.56m
- Website: https://www.tricanwellservice.com
Number of Employees
- Trican Well Service Ltd.
- 645 – 7th Avenue SW
- Suite 2900
- T2P 4G8
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/20 22:32|
|End of Day Share Price||2021/09/20 00:00|
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 here.