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.
Excellent balance sheet and fair value.
Share Price & News
How has Trican Well Service's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TCW's share price has been volatile over the past 3 months.
7 Day Return
CA Energy Services
1 Year Return
CA Energy Services
Return vs Industry: TCW exceeded the Canadian Energy Services industry which returned -72.6% over the past year.
Return vs Market: TCW underperformed the Canadian Market which returned -21.2% over the past year.
Price Volatility Vs. Market
How volatile is Trican Well Service's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StTrican Well Service Ltd. (TSE:TCW) Analysts Are Reducing Their Forecasts For Next Year
3 weeks ago | Simply Wall StIs Trican Well Service Ltd.'s (TSE:TCW) CEO Overpaid Relative To Its Peers?
1 month ago | Simply Wall StIntroducing Trican Well Service (TSE:TCW), The Stock That Tanked 81%
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$0.46) is trading below our estimate of fair value (CA$3.4)
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 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 good value based on its PB Ratio (0.2x) compared to the CA Energy Services industry average (0.3x).
How is Trican Well Service forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TCW is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: TCW is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: TCW is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: TCW's revenue is expected to decline over the next 3 years (-15% per year).
High Growth Revenue: TCW's revenue is forecast to decline over the next 3 years (-15% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TCW is forecast to be unprofitable in 3 years.
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 -35.1% 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 (4.1%).
Return on Equity
High ROE: TCW has a negative Return on Equity (-9.64%), 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$232.7M) exceed its short term liabilities (CA$92.9M).
Long Term Liabilities: TCW's short term assets (CA$232.7M) exceed its long term liabilities (CA$92.5M).
Debt to Equity History and Analysis
Debt Level: TCW's debt to equity ratio (6.2%) is considered satisfactory.
Reducing Debt: TCW's debt to equity ratio has reduced from 59.6% to 6.2% over the past 5 years.
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: TCW has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if TCW has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Trican Well Service's 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 payouts.
High Dividend: Unable to evaluate TCW's dividend yield against the top 25% of dividend payers, as the company has not reported any 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
Dale Dusterhoft (58yo)
Mr. Dale M. Dusterhoft has been the Chief Executive Officer of Trican Well Service Ltd. since August 1, 2009 and its President since May 3, 2016. Mr. Dusterhoft has been the Chief Executive Officer of Tric ...
CEO Compensation Analysis
Compensation vs Market: Dale's total compensation ($USD1.28M) is above average for companies of similar size in the Canadian market ($USD157.89K).
Compensation vs Earnings: Dale's compensation has been consistent with company performance over the past year.
|Chief Financial Officer||2.5yrs||CA$851.99k||0.038% CA$46.5k|
|Senior Vice President of Operations||2.83yrs||CA$845.56k||0.0071% CA$8.7k|
|Vice President of Sales & Marketing||2.83yrs||CA$907.23k||0.067% CA$82.4k|
|Executive Vice President||1.08yrs||CA$931.99k||0.022% CA$27.5k|
|VP of Legal||3.08yrs||no data||0.0084% CA$10.3k|
Experienced Management: TCW's management team is considered experienced (2.8 years average tenure).
|Independent Chairman of the Board||0.92yr||CA$158.98k||0.37% CA$455.1k|
|Independent Director||12.08yrs||CA$180.28k||0.034% CA$41.8k|
|Lead Independent Director||0.92yr||CA$179.44k||0.038% CA$46.4k|
|Independent Director||3.92yrs||CA$153.08k||0.0094% CA$11.5k|
|Independent Director||0.92yr||no data||0.052% CA$63.4k|
Experienced Board: TCW's board of directors are not considered experienced ( 2.4 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 company bio, 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$122.696m
- Shares outstanding: 266.73m
- Website: https://www.tricanwellservice.com
Number of Employees
- Trican Well Service Ltd.
- 645 – 7th Avenue SW
- Suite 2900
- T2P 4G8
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TCW||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Dec 1996|
|TWZ||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Dec 1996|
|TOLW.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Dec 1996|
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. In addition, the company offers pipeline services comprising nitrogen, commissioning, operating, and abandonment services; well intervention tools; fracturing solutions and equipment; and industrial services, such as chemical, mechanical, and bundle cleaning services. Trican Well Service Ltd. was founded in 1979 and is headquartered in Calgary, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/08 06:05|
|End of Day Share Price||2020/04/07 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.