TSXV:CWC

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CWC Energy Services

Executive Summary

CWC Energy Services Corp., a contract drilling and well servicing company, provides oilfield services to oil and gas exploration and development companies in the Western Canadian Sedimentary Basin. More Details


Snowflake Analysis

Excellent balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has CWC Energy Services's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CWC's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

3.3%

CWC

0.3%

CA Energy Services

-1.2%

CA Market


1 Year Return

63.2%

CWC

-53.9%

CA Energy Services

-5.5%

CA Market

Return vs Industry: CWC exceeded the Canadian Energy Services industry which returned -53.9% over the past year.

Return vs Market: CWC exceeded the Canadian Market which returned -5.5% over the past year.


Shareholder returns

CWCIndustryMarket
7 Day3.3%0.3%-1.2%
30 Day3.3%1.6%0.4%
90 Day55.0%-3.9%-0.3%
1 Year63.2%63.2%-51.7%-53.9%-2.1%-5.5%
3 Year-24.4%-24.4%-73.6%-76.1%3.9%-6.2%
5 Year-6.1%-6.1%-69.3%-74.1%32.3%12.0%

Price Volatility Vs. Market

How volatile is CWC Energy Services's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is CWC Energy Services undervalued compared to its fair value and its price relative to the market?

0.49x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: CWC (CA$0.16) is trading above our estimate of fair value (CA$0.06)

Significantly Below Fair Value: CWC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CWC is unprofitable, so we can't compare its PE Ratio to the CA Energy Services industry average.

PE vs Market: CWC 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 CWC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CWC is overvalued based on its PB Ratio (0.5x) compared to the CA Energy Services industry average (0.3x).


Next Steps

Future Growth

How is CWC Energy Services forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-12.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if CWC's forecast earnings growth is above the savings rate (1.7%).

Earnings vs Market: Insufficient data to determine if CWC's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CWC's revenue is expected to decline over the next 3 years (-12.3% per year).

High Growth Revenue: CWC's revenue is forecast to decline over the next 3 years (-12.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CWC's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has CWC Energy Services performed over the past 5 years?

35.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CWC is currently unprofitable.

Growing Profit Margin: CWC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CWC is unprofitable, but has reduced losses over the past 5 years at a rate of 35.2% per year.

Accelerating Growth: Unable to compare CWC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CWC is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-5.1%).


Return on Equity

High ROE: CWC has a negative Return on Equity (-14.97%), as it is currently unprofitable.


Next Steps

Financial Health

How is CWC Energy Services's financial position?


Financial Position Analysis

Short Term Liabilities: CWC's short term assets (CA$8.0M) exceed its short term liabilities (CA$5.6M).

Long Term Liabilities: CWC's short term assets (CA$8.0M) do not cover its long term liabilities (CA$30.7M).


Debt to Equity History and Analysis

Debt Level: CWC's debt to equity ratio (16.2%) is considered satisfactory.

Reducing Debt: CWC's debt to equity ratio has reduced from 30.1% to 16.2% over the past 5 years.


Balance Sheet


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 CWC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: CWC is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 12.8% per year.


Next Steps

Dividend

What is CWC Energy Services's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CWC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CWC'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 CWC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CWC's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: CWC is not paying a notable dividend for the Canadian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CWC's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.8yrs

Average management tenure


CEO

Duncan Au

10yrs

Tenure

CA$542,270

Compensation

Mr. Duncan T. Au, FCPA, FCA, CFA, has been the Chief Executive Officer and President of CWC Energy Services Corp. (Formerly CWC Well Services Corp). (formerly, Central Alberta Well Services Corp.) since Oc ...


CEO Compensation Analysis

Compensation vs Market: Duncan's total compensation ($USD410.35K) is above average for companies of similar size in the Canadian market ($USD170.92K).

Compensation vs Earnings: Duncan's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Duncan Au
CEO, President & Director10yrsCA$542.27k1.08%
CA$ 876.3k
Stuart King
Chief Financial Officer2.83yrsCA$278.18k0.041%
CA$ 32.8k
Darwin McIntyre
Vice President of Operations for Well Services9.75yrsCA$318.82k0.18%
CA$ 144.1k
Michael DuBois
Vice President of Sales & Marketing for Well Services5.75yrsCA$307.88kno data
Paul Donohue
Vice President of Drilling Operations4.33yrsCA$278.18kno data
Robert Charles Apps
Vice President of Sales & Marketing - Drilling4.5yrsCA$278.18k0.00049%
CA$ 396.6
James Kidd
Corporate Secretary8.92yrsno datano data

5.8yrs

Average Tenure

Experienced Management: CWC's management team is seasoned and experienced (5.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Duncan Au
CEO, President & Director10yrsCA$542.27k1.08%
CA$ 876.3k
Wade McGowan
Independent Director10.25yrsCA$38.65k0.57%
CA$ 459.7k
Dean Schultz
Independent Director5.83yrsno data0.011%
CA$ 8.5k
Gary Bentham
Independent Director11.75yrsCA$39.15k0.39%
CA$ 315.0k
James Reid
Independent Chairman of the Boardno datano datano data
Daryl Austin
Independent Director6.42yrsCA$31.15k4.28%
CA$ 3.5m

10.3yrs

Average Tenure

54yo

Average Age

Experienced Board: CWC's board of directors are seasoned and experienced ( 10.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CWC insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

CWC Energy Services Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CWC Energy Services Corp.
  • Ticker: CWC
  • Exchange: TSXV
  • Founded:
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: CA$80.939m
  • Shares outstanding: 505.87m
  • Website: https://www.cwcenergyservices.com

Number of Employees


Location

  • CWC Energy Services Corp.
  • Bow Valley Square II
  • Suite 610
  • Calgary
  • Alberta
  • T2P 2V7
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CWCTSXV (TSX Venture Exchange)YesVoting Common SharesCACADSep 2005
CAWL.FOTCPK (Pink Sheets LLC)YesVoting Common SharesUSUSDSep 2005
0ZWDB (Deutsche Boerse AG)YesVoting Common SharesDEEURSep 2005

Biography

CWC Energy Services Corp., a contract drilling and well servicing company, provides oilfield services to oil and gas exploration and development companies in the Western Canadian Sedimentary Basin. The com ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/27 00:45
End of Day Share Price2020/10/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.