CALFRAC WELL SERVICES LTD (CFW.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:CFW • CA1295844056

5.85 CAD
+0.64 (+12.28%)
Last: Feb 9, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to CFW. CFW was compared to 28 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.


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

  • In the past year CFW was profitable.
  • In the past year CFW had a positive cash flow from operations.
  • 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.
CFW.CA Yearly Net Income VS EBIT VS OCF VS FCFCFW.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M

1.2 Ratios

  • CFW has a Return On Assets of 1.65%. This is in the lower half of the industry: CFW underperforms 64.29% of its industry peers.
  • The Return On Equity of CFW (3.03%) is worse than 64.29% of its industry peers.
  • CFW has a Return On Invested Capital (7.43%) which is comparable to the rest of the industry.
  • CFW had an Average Return On Invested Capital over the past 3 years of 9.50%. This is significantly below the industry average of 177.00%.
Industry RankSector 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
CFW.CA Yearly ROA, ROE, ROICCFW.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 -40 -60

1.3 Margins

  • CFW's Profit Margin of 1.37% is on the low side compared to the rest of the industry. CFW is outperformed by 64.29% of its industry peers.
  • Looking at the Operating Margin, with a value of 4.81%, CFW is doing worse than 67.86% of the companies in the same industry.
  • CFW's Gross Margin of 8.79% is on the low side compared to the rest of the industry. CFW is outperformed by 78.57% of its industry peers.
Industry RankSector 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
CFW.CA Yearly Profit, Operating, Gross MarginsCFW.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -20 -40

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

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.
  • The number of shares outstanding for CFW remains at a similar level compared to 1 year ago.
  • The number of shares outstanding for CFW has been increased compared to 5 years ago.
  • CFW has a worse debt/assets ratio than last year.
CFW.CA Yearly Shares OutstandingCFW.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
CFW.CA Yearly Total Debt VS Total AssetsCFW.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

  • CFW has an Altman-Z score of 1.49. This is a bad value and indicates that CFW is not financially healthy and even has some risk of bankruptcy.
  • CFW has a Altman-Z score (1.49) which is in line with its industry peers.
  • 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.
  • CFW has a Debt to FCF ratio (5.57) which is in line with its industry peers.
  • CFW has a Debt/Equity ratio of 0.02. This is a healthy value indicating a solid balance between debt and equity.
  • CFW has a better Debt to Equity ratio (0.02) than 96.43% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 5.57
Altman-Z 1.49
ROIC/WACC0.89
WACC8.38%
CFW.CA Yearly LT Debt VS Equity VS FCFCFW.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M

2.3 Liquidity

  • A Current Ratio of 0.93 indicates that CFW may have some problems paying its short term obligations.
  • With a Current ratio value of 0.93, CFW is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.72 indicates that CFW may have some problems paying its short term obligations.
  • CFW's Quick ratio of 0.72 is on the low side compared to the rest of the industry. CFW is outperformed by 78.57% of its industry peers.
Industry RankSector Rank
Current Ratio 0.93
Quick Ratio 0.72
CFW.CA Yearly Current Assets VS Current LiabilitesCFW.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

1

3. Growth

3.1 Past

  • CFW shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -24.24%.
  • CFW shows a decrease in Revenue. In the last year, the revenue decreased by -8.13%.
  • CFW shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.67% yearly.
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.
  • CFW is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -2.96% yearly.
EPS Next Y117.84%
EPS Next 2Y69.71%
EPS Next 3Y71.05%
EPS Next 5YN/A
Revenue Next Year-11.71%
Revenue Next 2Y-6.58%
Revenue Next 3Y-2.96%
Revenue Next 5YN/A

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.
CFW.CA Yearly Revenue VS EstimatesCFW.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B 2B
CFW.CA Yearly EPS VS EstimatesCFW.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 -20 -40 -60

More info and screens

Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 23.40, which indicates a rather expensive current valuation of CFW.
  • CFW's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 28.06, CFW is valued at the same level.
  • A Price/Forward Earnings ratio of 18.84 indicates a rather expensive valuation of CFW.
  • The rest of the industry has a similar Price/Forward Earnings ratio as CFW.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.86, CFW is valued a bit cheaper.
Industry RankSector Rank
PE 23.4
Fwd PE 18.84
CFW.CA Price Earnings VS Forward Price EarningsCFW.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CFW indicates a rather cheap valuation: CFW is cheaper than 82.14% of the companies listed in the same industry.
  • CFW's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CFW is cheaper than 75.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.48
EV/EBITDA 3.96
CFW.CA Per share dataCFW.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

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)0.2
PEG (5Y)N/A
EPS Next 2Y69.71%
EPS Next 3Y71.05%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for CFW!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

CALFRAC WELL SERVICES LTD

TSX:CFW (2/9/2026, 7:00:00 PM)

5.85

+0.64 (+12.28%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)11-14
Earnings (Next)03-11
Inst Owners11.15%
Inst Owner ChangeN/A
Ins Owners15.38%
Ins Owner ChangeN/A
Market Cap502.46M
Revenue(TTM)1.48B
Net Income(TTM)20.21M
Analysts45.71
Price Target4.9 (-16.24%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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)12.32%
PT rev (3m)12.98%
EPS NQ rev (1m)5.43%
EPS NQ rev (3m)28.57%
EPS NY rev (1m)0%
EPS NY rev (3m)72.23%
Revenue NQ rev (1m)1.78%
Revenue NQ rev (3m)-7.68%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.96%
Valuation
Industry RankSector Rank
PE 23.4
Fwd PE 18.84
P/S 0.34
P/FCF 8.48
P/OCF 2.41
P/B 0.75
P/tB 0.75
EV/EBITDA 3.96
EPS(TTM)0.25
EY4.27%
EPS(NY)0.31
Fwd EY5.31%
FCF(TTM)0.69
FCFY11.8%
OCF(TTM)2.43
OCFY41.52%
SpS17.2
BVpS7.78
TBVpS7.78
PEG (NY)0.2
PEG (5Y)N/A
Graham Number6.61
Profitability
Industry RankSector 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 RankSector 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 1.49
F-Score4
WACC8.38%
ROIC/WACC0.89
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-11.71%
Revenue Next 2Y-6.58%
Revenue Next 3Y-2.96%
Revenue Next 5YN/A
EBIT growth 1Y-15.77%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year223.45%
EBIT Next 3Y53.38%
EBIT Next 5YN/A
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 23.4 and the Price/Book (PB) ratio is 0.75.


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%.