CALFRAC WELL SERVICES LTD (CFW.CA) Fundamental Analysis & Valuation
TSX:CFW • CA1295844056
5.42 CAD
-0.2 (-3.56%)
Last: Mar 3, 2026, 07:00 PM
This CFW.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Overall CFW gets a fundamental rating of 2 out of 10. We evaluated CFW against 27 industry peers in the Energy Equipment & Services industry. Both the profitability and financial health of CFW have multiple concerns. CFW is valued correctly, but it does not seem to be growing.
1. CFW.CA Profitability Analysis
1.1 Basic Checks
- In the past year CFW was profitable.
- In the past year CFW had a positive cash flow from operations.
- In multiple years CFW reported negative net income over the last 5 years.
- Of the past 5 years CFW 4 years had a positive operating cash flow.
1.2 Ratios
- With a Return On Assets value of 1.65%, CFW is not doing good in the industry: 70.37% of the companies in the same industry are doing better.
- Looking at the Return On Equity, with a value of 3.03%, CFW is doing worse than 70.37% of the companies in the same industry.
- With a Return On Invested Capital value of 7.43%, CFW perfoms like the industry average, outperforming 48.15% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for CFW is significantly below the industry average of 170.14%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.65% | ||
| ROE | 3.03% | ||
| ROIC | 7.43% |
ROA(3y)6.32%
ROA(5y)-5.17%
ROE(3y)11.77%
ROE(5y)-13.78%
ROIC(3y)9.5%
ROIC(5y)N/A
1.3 Margins
- CFW has a Profit Margin of 1.37%. This is in the lower half of the industry: CFW underperforms 70.37% of its industry peers.
- The Operating Margin of CFW (4.81%) is worse than 74.07% of its industry peers.
- With a Gross Margin value of 8.79%, CFW is not doing good in the industry: 85.19% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.81% | ||
| PM (TTM) | 1.37% | ||
| GM | 8.79% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. CFW.CA Health Analysis
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CFW is creating some value.
- The number of shares outstanding for CFW remains at a similar level compared to 1 year ago.
- CFW has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, CFW has a worse debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 1.53, we must say that CFW is in the distress zone and has some risk of bankruptcy.
- CFW has a Altman-Z score (1.53) which is comparable to the rest of the industry.
- CFW has a debt to FCF ratio of 5.57. This is a neutral value as CFW would need 5.57 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 5.57, CFW is in line with its industry, outperforming 51.85% of the companies in the same industry.
- CFW has a Debt/Equity ratio of 0.02. This is a healthy value indicating a solid balance between debt and equity.
- CFW's Debt to Equity ratio of 0.02 is amongst the best of the industry. CFW outperforms 96.30% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | 5.57 | ||
| Altman-Z | 1.53 |
ROIC/WACC0.86
WACC8.61%
2.3 Liquidity
- A Current Ratio of 0.93 indicates that CFW may have some problems paying its short term obligations.
- CFW has a Current ratio of 0.93. This is in the lower half of the industry: CFW underperforms 77.78% of its industry peers.
- A Quick Ratio of 0.72 indicates that CFW may have some problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 0.72, CFW is doing worse than 85.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.93 | ||
| Quick Ratio | 0.72 |
3. CFW.CA Growth Analysis
3.1 Past
- The earnings per share for CFW have decreased strongly by -24.24% in the last year.
- CFW shows a decrease in Revenue. In the last year, the revenue decreased by -8.13%.
- The Revenue has been decreasing by -0.67% on average over the past years.
EPS 1Y (TTM)-24.24%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%162.49%
Revenue 1Y (TTM)-8.13%
Revenue growth 3Y16.07%
Revenue growth 5Y-0.67%
Sales Q2Q%-24.81%
3.2 Future
- CFW is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 71.05% yearly.
- The Revenue is expected to decrease by -3.91% on average over the next years.
EPS Next Y117.84%
EPS Next 2Y69.71%
EPS Next 3Y71.05%
EPS Next 5YN/A
Revenue Next Year-10.96%
Revenue Next 2Y-7.7%
Revenue Next 3Y-3.05%
Revenue Next 5Y-3.91%
3.3 Evolution
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. CFW.CA Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 21.68, CFW is valued on the expensive side.
- Compared to the rest of the industry, the Price/Earnings ratio of CFW is on the same level as its industry peers.
- Compared to an average S&P500 Price/Earnings ratio of 26.83, CFW is valued at the same level.
- CFW is valuated rather expensively with a Price/Forward Earnings ratio of 17.46.
- CFW's Price/Forward Earnings is on the same level as the industry average.
- The average S&P500 Price/Forward Earnings ratio is at 24.95. CFW is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.68 | ||
| Fwd PE | 17.46 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, CFW is valued cheaper than 88.89% of the companies in the same industry.
- 74.07% of the companies in the same industry are more expensive than CFW, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.11 | ||
| EV/EBITDA | 4.14 |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- A more expensive valuation may be justified as CFW's earnings are expected to grow with 71.05% in the coming years.
PEG (NY)0.18
PEG (5Y)N/A
EPS Next 2Y69.71%
EPS Next 3Y71.05%
5. CFW.CA Dividend Analysis
5.1 Amount
- CFW does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
CFW.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:CFW (3/3/2026, 7:00:00 PM)
5.42
-0.2 (-3.56%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)11-14 2025-11-14/bmo
Earnings (Next)03-11 2026-03-11
Inst Owners11.15%
Inst Owner ChangeN/A
Ins Owners15.38%
Ins Owner ChangeN/A
Market Cap540.05M
Revenue(TTM)1.48B
Net Income(TTM)20.21M
Analysts47.5
Price Target5.24 (-3.32%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)176.49%
Min EPS beat(2)54.97%
Max EPS beat(2)298.02%
EPS beat(4)3
Avg EPS beat(4)101.11%
Min EPS beat(4)-246.58%
Max EPS beat(4)298.04%
EPS beat(8)5
Avg EPS beat(8)48.56%
EPS beat(12)8
Avg EPS beat(12)57.81%
EPS beat(16)9
Avg EPS beat(16)39.03%
Revenue beat(2)0
Avg Revenue beat(2)-6.84%
Min Revenue beat(2)-11.9%
Max Revenue beat(2)-1.78%
Revenue beat(4)1
Avg Revenue beat(4)-3.08%
Min Revenue beat(4)-11.9%
Max Revenue beat(4)4.68%
Revenue beat(8)4
Avg Revenue beat(8)0.9%
Revenue beat(12)7
Avg Revenue beat(12)1.27%
Revenue beat(16)9
Avg Revenue beat(16)0.94%
PT rev (1m)20.11%
PT rev (3m)20.83%
EPS NQ rev (1m)43.26%
EPS NQ rev (3m)51.67%
EPS NY rev (1m)0%
EPS NY rev (3m)72.23%
Revenue NQ rev (1m)5.96%
Revenue NQ rev (3m)-3.89%
Revenue NY rev (1m)0.86%
Revenue NY rev (3m)-1.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.68 | ||
| Fwd PE | 17.46 | ||
| P/S | 0.37 | ||
| P/FCF | 9.11 | ||
| P/OCF | 2.59 | ||
| P/B | 0.81 | ||
| P/tB | 0.81 | ||
| EV/EBITDA | 4.14 |
EPS(TTM)0.25
EY4.61%
EPS(NY)0.31
Fwd EY5.73%
FCF(TTM)0.59
FCFY10.98%
OCF(TTM)2.09
OCFY38.63%
SpS14.82
BVpS6.7
TBVpS6.7
PEG (NY)0.18
PEG (5Y)N/A
Graham Number6.14
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.65% | ||
| ROE | 3.03% | ||
| ROCE | 10.32% | ||
| ROIC | 7.43% | ||
| ROICexc | 7.44% | ||
| ROICexgc | 7.44% | ||
| OM | 4.81% | ||
| PM (TTM) | 1.37% | ||
| GM | 8.79% | ||
| FCFM | 4.01% |
ROA(3y)6.32%
ROA(5y)-5.17%
ROE(3y)11.77%
ROE(5y)-13.78%
ROIC(3y)9.5%
ROIC(5y)N/A
ROICexc(3y)9.81%
ROICexc(5y)N/A
ROICexgc(3y)9.81%
ROICexgc(5y)N/A
ROCE(3y)13.19%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover1.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | 5.57 | ||
| Debt/EBITDA | 0.06 | ||
| Cap/Depr | 107.36% | ||
| Cap/Sales | 10.11% | ||
| Interest Coverage | 2.36 | ||
| Cash Conversion | 99.27% | ||
| Profit Quality | 293.32% | ||
| Current Ratio | 0.93 | ||
| Quick Ratio | 0.72 | ||
| Altman-Z | 1.53 |
F-Score4
WACC8.61%
ROIC/WACC0.86
Cap/Depr(3y)115.62%
Cap/Depr(5y)84.66%
Cap/Sales(3y)8.75%
Cap/Sales(5y)7.82%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-24.24%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%162.49%
EPS Next Y117.84%
EPS Next 2Y69.71%
EPS Next 3Y71.05%
EPS Next 5YN/A
Revenue 1Y (TTM)-8.13%
Revenue growth 3Y16.07%
Revenue growth 5Y-0.67%
Sales Q2Q%-24.81%
Revenue Next Year-10.96%
Revenue Next 2Y-7.7%
Revenue Next 3Y-3.05%
Revenue Next 5Y-3.91%
EBIT growth 1Y-15.77%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year228.89%
EBIT Next 3Y53.38%
EBIT Next 5Y33.67%
FCF growth 1Y-11%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-8.98%
OCF growth 3YN/A
OCF growth 5Y-0.74%
CALFRAC WELL SERVICES LTD / CFW.CA FAQ
What is the ChartMill fundamental rating of CALFRAC WELL SERVICES LTD (CFW.CA) stock?
ChartMill assigns a fundamental rating of 2 / 10 to CFW.CA.
Can you provide the valuation status for CALFRAC WELL SERVICES LTD?
ChartMill assigns a valuation rating of 5 / 10 to CALFRAC WELL SERVICES LTD (CFW.CA). This can be considered as Fairly Valued.
What is the profitability of CFW stock?
CALFRAC WELL SERVICES LTD (CFW.CA) has a profitability rating of 2 / 10.
Can you provide the PE and PB ratios for CFW stock?
The Price/Earnings (PE) ratio for CALFRAC WELL SERVICES LTD (CFW.CA) is 21.68 and the Price/Book (PB) ratio is 0.81.
Can you provide the dividend sustainability for CFW stock?
The dividend rating of CALFRAC WELL SERVICES LTD (CFW.CA) is 0 / 10 and the dividend payout ratio is 0%.