CALFRAC WELL SERVICES LTD (CFW.CA) Fundamental Analysis & Valuation
TSX:CFW • CA1295844056
4.92 CAD
-0.29 (-5.57%)
Last: Mar 12, 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.
CFW gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 28 industry peers in the Energy Equipment & Services industry. CFW may be in some trouble as it scores bad on both profitability and health. CFW has a valuation in line with the averages, but it does not seem to be growing.
1. CFW.CA Profitability Analysis
1.1 Basic Checks
- CFW had positive earnings in the past year.
- CFW had a positive operating cash flow in the past year.
- The reported net income has been mixed in the past 5 years: CFW reported negative net income in multiple years.
- CFW had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- With a Return On Assets value of 1.65%, CFW is not doing good in the industry: 67.86% 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 67.86% of the companies in the same industry.
- CFW has a Return On Invested Capital (7.43%) which is in line with its industry peers.
- CFW had an Average Return On Invested Capital over the past 3 years of 9.50%. This is significantly below the industry average of 170.09%.
| 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
- With a Profit Margin value of 1.37%, CFW is not doing good in the industry: 67.86% of the companies in the same industry are doing better.
- The Operating Margin of CFW (4.81%) is worse than 71.43% of its industry peers.
- The Gross Margin of CFW (8.79%) is worse than 82.14% of its industry peers.
| 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
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CFW is still creating some value.
- CFW has about the same amout of shares outstanding than it did 1 year ago.
- Compared to 5 years ago, CFW has more shares outstanding
- Compared to 1 year ago, CFW has a worse debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 1.48, we must say that CFW is in the distress zone and has some risk of bankruptcy.
- The Altman-Z score of CFW (1.48) 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.
- With a Debt to FCF ratio value of 5.57, CFW perfoms like the industry average, outperforming 53.57% of the companies in the same industry.
- A Debt/Equity ratio of 0.02 indicates that CFW is not too dependend on debt financing.
- CFW has a Debt to Equity ratio of 0.02. This is amongst the best in the industry. CFW outperforms 96.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | 5.57 | ||
| Altman-Z | 1.48 |
ROIC/WACC0.86
WACC8.6%
2.3 Liquidity
- A Current Ratio of 0.93 indicates that CFW may have some problems paying its short term obligations.
- Looking at the Current ratio, with a value of 0.93, CFW is doing worse than 75.00% of the companies in the same industry.
- 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 82.14% 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.
- Looking at the last year, CFW shows a decrease in Revenue. The Revenue has decreased by -8.13% in the last year.
- 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 68.97% yearly.
- Based on estimates for the next years, CFW will show a decrease in Revenue. The Revenue will decrease by -3.91% on average per year.
EPS Next Y152.97%
EPS Next 2Y63.41%
EPS Next 3Y68.97%
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
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. CFW.CA Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 19.68, the valuation of CFW can be described as rather expensive.
- Compared to the rest of the industry, the Price/Earnings ratio of CFW is on the same level as its industry peers.
- When comparing the Price/Earnings ratio of CFW to the average of the S&P500 Index (25.71), we can say CFW is valued slightly cheaper.
- Based on the Price/Forward Earnings ratio of 17.09, the valuation of CFW can be described as rather expensive.
- The rest of the industry has a similar Price/Forward Earnings ratio as CFW.
- CFW is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.82, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.68 | ||
| Fwd PE | 17.09 |
4.2 Price Multiples
- 92.86% of the companies in the same industry are more expensive than CFW, based on the Enterprise Value to EBITDA ratio.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of CFW indicates a somewhat cheap valuation: CFW is cheaper than 75.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.27 | ||
| EV/EBITDA | 3.9 |
4.3 Compensation for Growth
- CFW's 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 68.97% in the coming years.
PEG (NY)0.13
PEG (5Y)N/A
EPS Next 2Y63.41%
EPS Next 3Y68.97%
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 (3/12/2026, 7:00:00 PM)
4.92
-0.29 (-5.57%)
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 Owners10.42%
Inst Owner ChangeN/A
Ins Owners15.28%
Ins Owner ChangeN/A
Market Cap490.23M
Revenue(TTM)1.48B
Net Income(TTM)20.21M
Analysts47.5
Price Target5.24 (6.5%)
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)6.94%
PT rev (3m)20.11%
EPS NQ rev (1m)40%
EPS NQ rev (3m)43.26%
EPS NY rev (1m)16.12%
EPS NY rev (3m)57.43%
Revenue NQ rev (1m)4.11%
Revenue NQ rev (3m)5.96%
Revenue NY rev (1m)0.86%
Revenue NY rev (3m)-0.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.68 | ||
| Fwd PE | 17.09 | ||
| P/S | 0.33 | ||
| P/FCF | 8.27 | ||
| P/OCF | 2.35 | ||
| P/B | 0.73 | ||
| P/tB | 0.73 | ||
| EV/EBITDA | 3.9 |
EPS(TTM)0.25
EY5.08%
EPS(NY)0.29
Fwd EY5.85%
FCF(TTM)0.59
FCFY12.09%
OCF(TTM)2.09
OCFY42.56%
SpS14.82
BVpS6.7
TBVpS6.7
PEG (NY)0.13
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 | 1.48 |
F-Score4
WACC8.6%
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 Y152.97%
EPS Next 2Y63.41%
EPS Next 3Y68.97%
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 5Y33.88%
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 19.68 and the Price/Book (PB) ratio is 0.73.
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%.