Calfrac Well Services Ltd.

OTCPK:CFWF.F Stock Report

Market Cap: US$233.8m

Calfrac Well Services Valuation

Is CFWF.F 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-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: CFWF.F ($2.74) is trading below our estimate of fair value ($4.23)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CFWF.F?

Key metric: As CFWF.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CFWF.F. This is calculated by dividing CFWF.F's market cap by their current earnings.
What is CFWF.F's PE Ratio?
PE Ratio11.7x
EarningsCA$28.16m
Market CapCA$329.46m

Price to Earnings Ratio vs Peers

How does CFWF.F's PE Ratio compare to its peers?

The above table shows the PE ratio for CFWF.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.8x
NGS Natural Gas Services Group
19.4x16.4%US$304.2m
ESOA Energy Services of America
9.5x-78.2%US$233.1m
RNGR Ranger Energy Services
22.9xn/aUS$340.8m
GEOS Geospace Technologies
15.3xn/aUS$176.1m
CFWF.F Calfrac Well Services
11.7x36.9%US$329.5m

Price-To-Earnings vs Peers: CFWF.F is good value based on its Price-To-Earnings Ratio (11.7x) compared to the peer average (16.8x).

Price to Earnings Ratio vs Industry

How does CFWF.F's PE Ratio compare vs other companies in the US Energy Services Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NCSM NCS Multistage Holdings
1.3x-107.5%US$58.69m
BASX.Q Basic Energy Services
n/an/aUS$24.00
No more companies available in this PE range
CFWF.F 11.7xIndustry Avg. 16.5xNo. of Companies9PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CFWF.F is good value based on its Price-To-Earnings Ratio (11.7x) compared to the US Energy Services industry average (16.6x).

Price to Earnings Ratio vs Fair Ratio

What is CFWF.F'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.

CFWF.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.7x
Fair PE Ratio13.7x

Price-To-Earnings vs Fair Ratio: CFWF.F is good value based on its Price-To-Earnings Ratio (11.7x) compared to the estimated Fair Price-To-Earnings Ratio (13.7x).

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 CFWF.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$2.74
US$3.67
+33.8%
10.1%US$4.15US$3.25n/a3
Nov ’25US$2.83
US$3.83
+35.3%
4.6%US$4.07US$3.70n/a3
Oct ’25US$2.89
US$3.83
+32.5%
4.6%US$4.08US$3.71n/a3
Sep ’25US$2.98
US$3.85
+28.9%
8.8%US$4.33US$3.61n/a3
Aug ’25US$3.11
US$3.60
+15.8%
8.2%US$3.96US$3.24n/a3
Jul ’25US$3.04
US$3.78
+24.2%
12.1%US$4.39US$3.29n/a3
Jun ’25US$3.10
US$3.69
+18.9%
12.3%US$4.37US$3.28n/a4
May ’25US$3.10
US$3.98
+28.3%
6.4%US$4.34US$3.62n/a4
Apr ’25US$2.94
US$4.06
+38.3%
6.4%US$4.43US$3.69n/a4
Mar ’25US$3.72
US$5.45
+46.5%
21.1%US$7.39US$4.43n/a4
Feb ’25US$3.85
US$5.60
+45.4%
19.4%US$7.46US$4.85n/a4
Jan ’25US$3.43
US$5.85
+70.4%
18.5%US$7.54US$4.90n/a4
Dec ’24US$3.37
US$5.70
+69.2%
17.0%US$7.24US$4.71n/a4
Nov ’24US$3.74
US$5.59
+49.4%
12.6%US$6.60US$4.76US$2.834
Oct ’24US$4.12
US$5.71
+38.5%
11.6%US$6.63US$4.79US$2.894
Sep ’24US$4.47
US$5.76
+28.9%
11.6%US$6.69US$4.83US$2.984
Aug ’24US$4.06
US$5.55
+36.9%
21.1%US$6.78US$3.77US$3.114
Jul ’24US$2.89
US$6.16
+113.2%
23.2%US$8.34US$4.55US$3.044
Jun ’24US$2.99
US$6.58
+120.0%
19.6%US$8.22US$4.49US$3.105
May ’24US$3.00
US$6.72
+124.0%
17.6%US$8.59US$5.23US$3.105
Apr ’24US$2.94
US$7.06
+140.2%
14.4%US$8.74US$5.82US$2.945
Mar ’24US$4.10
US$8.40
+105.0%
21.3%US$10.37US$6.30US$3.726
Feb ’24US$4.65
US$8.40
+80.5%
21.3%US$10.37US$6.30US$3.856
Jan ’24US$4.51
US$8.16
+81.0%
21.2%US$10.31US$5.89US$3.436
Dec ’23US$5.02
US$8.30
+65.3%
21.2%US$10.48US$5.99US$3.376
Nov ’23US$5.48
US$5.74
+4.8%
30.1%US$8.80US$4.03US$3.746

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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