TCW Stock Overview
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 in Canada.
TCW passed our risk checks.
Trican Well Service Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$3.50|
|52 Week High||CA$4.90|
|52 Week Low||CA$2.28|
|1 Month Change||7.69%|
|3 Month Change||-15.05%|
|1 Year Change||32.58%|
|3 Year Change||306.98%|
|5 Year Change||1.45%|
|Change since IPO||624.14%|
Recent News & Updates
Trican Well Service (TSE:TCW) Is Doing The Right Things To Multiply Its Share Price
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...
We Think Trican Well Service (TSE:TCW) Can Stay On Top Of Its Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
|TCW||CA Energy Services||CA Market|
Return vs Industry: TCW exceeded the Canadian Energy Services industry which returned 22.2% over the past year.
Return vs Market: TCW exceeded the Canadian Market which returned -2% over the past year.
|TCW Average Weekly Movement||9.1%|
|Energy Services Industry Average Movement||8.7%|
|Market Average Movement||10.8%|
|10% most volatile stocks in CA Market||19.3%|
|10% least volatile stocks in CA Market||4.4%|
Stable Share Price: TCW is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: TCW's weekly volatility (9%) 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 in Canada. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design, 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; and coiled tubing solutions comprising coiled tubing fracturing and acidizing, specially designed tools, in-house engineering, well cleanouts, milling, high pressure jetting, e-coil, nitrogen gas lifting, and production enhancement, as well as equipment and tools.
Trican Well Service Fundamentals Summary
|TCW fundamental statistics|
Is TCW overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TCW income statement (TTM)|
|Cost of Revenue||CA$542.82m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.14|
|Net Profit Margin||4.85%|
How did TCW perform over the long term?See historical performance and comparison
Is TCW undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for TCW?
Other financial metrics that can be useful for relative valuation.
|What is TCW's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does TCW's PE Ratio compare to its peers?
|TCW PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
CEU CES Energy Solutions
PSI Pason Systems
NOA North American Construction Group
TVK TerraVest Industries
TCW Trican Well Service
Price-To-Earnings vs Peers: TCW is expensive based on its Price-To-Earnings Ratio (25.5x) compared to the peer average (14.3x).
Price to Earnings Ratio vs Industry
How does TCW's PE Ratio compare vs other companies in the North American Energy Services Industry?
Price-To-Earnings vs Industry: TCW is expensive based on its Price-To-Earnings Ratio (25.5x) compared to the Canadian Energy Services industry average (16.8x)
Price to Earnings Ratio vs Fair Ratio
What is TCW's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||25.5x|
|Fair PE Ratio||20.2x|
Price-To-Earnings vs Fair Ratio: TCW is expensive based on its Price-To-Earnings Ratio (25.5x) compared to the estimated Fair Price-To-Earnings Ratio (20.2x).
Share Price vs Fair Value
What is the Fair Price of TCW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: TCW (CA$3.5) is trading below our estimate of fair value (CA$14.01)
Significantly Below Fair Value: TCW 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?
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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How is Trican Well Service forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TCW's forecast earnings growth (37.7% per year) is above the savings rate (1.6%).
Earnings vs Market: TCW's earnings (37.7% per year) are forecast to grow faster than the Canadian market (7.5% per year).
High Growth Earnings: TCW's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TCW's revenue (15.6% per year) is forecast to grow faster than the Canadian market (6.5% per year).
High Growth Revenue: TCW's revenue (15.6% per year) is forecast to grow slower 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 (15.1%).
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How has Trican Well Service performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TCW has high quality earnings.
Growing Profit Margin: TCW became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: TCW has become profitable over the past 5 years, growing earnings by -4.8% per year.
Accelerating Growth: TCW has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: TCW has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (-8.8%).
Return on Equity
High ROE: TCW's Return on Equity (6.9%) is considered low.
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How is Trican Well Service's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: TCW's short term assets (CA$240.3M) exceed its short term liabilities (CA$125.3M).
Long Term Liabilities: TCW's short term assets (CA$240.3M) exceed its long term liabilities (CA$18.7M).
Debt to Equity History and Analysis
Debt Level: TCW has more cash than its total debt.
Reducing Debt: TCW's debt to equity ratio has reduced from 15.6% to 6.1% over the past 5 years.
Debt Coverage: TCW's debt is well covered by operating cash flow (269.5%).
Interest Coverage: TCW's interest payments on its debt are well covered by EBIT (17.6x coverage).
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What is Trican Well Service current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TCW's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TCW's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TCW's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TCW's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: TCW is not paying a notable dividend for the Canadian market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as TCW has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Brad Fedora (52 yo)
Mr. Bradley P. D. Fedora, also known as Brad, MBA, has been Chief Executive Officer and President of Trican Well Service Ltd. since September 1, 2020. He has been Non-Independent Director at Trican Well Se...
CEO Compensation Analysis
Compensation vs Market: Brad's total compensation ($USD2.33M) is above average for companies of similar size in the Canadian market ($USD1.60M).
Compensation vs Earnings: Brad's compensation has been consistent with company performance over the past year.
Experienced Management: TCW's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Experienced Board: TCW's board of directors are not considered experienced ( 1.6 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
- Implied Market Cap: CA$858.465m
- Shares outstanding: 245.28m
- Website: https://www.tricanwellservice.com
Number of Employees
- Trican Well Service Ltd.
- 645 – 7th Avenue S.W.
- Suite 2900
- T2P 4G8
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/08 00:00|
|End of Day Share Price||2022/08/08 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.