TRICAN WELL SERVICE LTD (TCW.CA) Fundamental Analysis & Valuation

TSX:TCW • CA8959451037

6.83 CAD
+0.19 (+2.86%)
Last: Mar 5, 2026, 07:00 PM
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This TCW.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

7

Taking everything into account, TCW scores 7 out of 10 in our fundamental rating. TCW was compared to 27 industry peers in the Energy Equipment & Services industry. TCW scores excellent points on both the profitability and health parts. This is a solid base for a good stock. TCW has a correct valuation and a medium growth rate. These ratings would make TCW suitable for quality investing!


Dividend Valuation Growth Profitability Health

8

1. TCW.CA Profitability Analysis

1.1 Basic Checks

  • In the past year TCW was profitable.
  • TCW had a positive operating cash flow in the past year.
  • In the past 5 years TCW has always been profitable.
  • In the past 5 years TCW always reported a positive cash flow from operatings.
TCW.CA Yearly Net Income VS EBIT VS OCF VS FCFTCW.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 2025 0 100M -100M 200M -200M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 11.07%, TCW belongs to the top of the industry, outperforming 85.19% of the companies in the same industry.
  • TCW's Return On Equity of 16.12% is amongst the best of the industry. TCW outperforms 81.48% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 13.40%, TCW belongs to the top of the industry, outperforming 85.19% of the companies in the same industry.
Industry RankSector Rank
ROA 11.07%
ROE 16.12%
ROIC 13.4%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
TCW.CA Yearly ROA, ROE, ROICTCW.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 -40

1.3 Margins

  • TCW has a Profit Margin of 10.23%. This is amongst the best in the industry. TCW outperforms 88.89% of its industry peers.
  • In the last couple of years the Profit Margin of TCW has grown nicely.
  • The Operating Margin of TCW (14.31%) is better than 77.78% of its industry peers.
  • TCW's Operating Margin has improved in the last couple of years.
  • TCW has a Gross Margin (19.81%) which is in line with its industry peers.
  • In the last couple of years the Gross Margin of TCW has grown nicely.
Industry RankSector Rank
OM 14.31%
PM (TTM) 10.23%
GM 19.81%
OM growth 3Y2.02%
OM growth 5YN/A
PM growth 3Y3.83%
PM growth 5YN/A
GM growth 3Y4.51%
GM growth 5YN/A
TCW.CA Yearly Profit, Operating, Gross MarginsTCW.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 -40

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ROAROEROICOperating and Profit MarginShow most profitable peers

9

2. TCW.CA Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so TCW is still creating some value.
  • There is no outstanding debt for TCW. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
TCW.CA Yearly Shares OutstandingTCW.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
TCW.CA Yearly Total Debt VS Total AssetsTCW.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

  • An Altman-Z score of 4.25 indicates that TCW is not in any danger for bankruptcy at the moment.
  • TCW has a Altman-Z score of 4.25. This is amongst the best in the industry. TCW outperforms 85.19% of its industry peers.
  • TCW has a debt to FCF ratio of 1.11. This is a very positive value and a sign of high solvency as it would only need 1.11 years to pay back of all of its debts.
  • TCW has a better Debt to FCF ratio (1.11) than 88.89% of its industry peers.
  • A Debt/Equity ratio of 0.16 indicates that TCW is not too dependend on debt financing.
  • TCW has a better Debt to Equity ratio (0.16) than 81.48% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 1.11
Altman-Z 4.25
ROIC/WACC1.63
WACC8.21%
TCW.CA Yearly LT Debt VS Equity VS FCFTCW.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M 1B

2.3 Liquidity

  • A Current Ratio of 2.49 indicates that TCW has no problem at all paying its short term obligations.
  • The Current ratio of TCW (2.49) is better than 81.48% of its industry peers.
  • TCW has a Quick Ratio of 2.22. This indicates that TCW is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 2.22, TCW belongs to the top of the industry, outperforming 81.48% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.49
Quick Ratio 2.22
TCW.CA Yearly Current Assets VS Current LiabilitesTCW.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

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

6

3. TCW.CA Growth Analysis

3.1 Past

  • TCW shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.90%, which is quite good.
  • The Earnings Per Share has been growing by 20.68% on average over the past years. This is a very strong growth
  • The Revenue has grown by 11.76% in the past year. This is quite good.
  • The Revenue has been growing by 22.52% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)8.9%
EPS 3Y20.68%
EPS 5YN/A
EPS Q2Q%5.19%
Revenue 1Y (TTM)11.76%
Revenue growth 3Y8.16%
Revenue growth 5Y22.52%
Sales Q2Q%17.14%

3.2 Future

  • TCW is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.44% yearly.
  • TCW is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.71% yearly.
EPS Next Y19.46%
EPS Next 2Y10.41%
EPS Next 3Y5.66%
EPS Next 5Y5.44%
Revenue Next Year17.83%
Revenue Next 2Y10.15%
Revenue Next 3Y2.02%
Revenue Next 5Y0.71%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • 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.
TCW.CA Yearly Revenue VS EstimatesTCW.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 200M 400M 600M 800M 1B
TCW.CA Yearly EPS VS EstimatesTCW.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 -1 -2 -3

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6

4. TCW.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • TCW is valuated reasonably with a Price/Earnings ratio of 11.78.
  • Based on the Price/Earnings ratio, TCW is valued a bit cheaper than 77.78% of the companies in the same industry.
  • TCW's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.69.
  • With a Price/Forward Earnings ratio of 9.86, the valuation of TCW can be described as very reasonable.
  • Based on the Price/Forward Earnings ratio, TCW is valued a bit cheaper than 74.07% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 24.79. TCW is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 11.78
Fwd PE 9.86
TCW.CA Price Earnings VS Forward Price EarningsTCW.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as TCW.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of TCW is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 13.73
EV/EBITDA 6.29
TCW.CA Per share dataTCW.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4 5

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.
  • TCW has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.61
PEG (5Y)N/A
EPS Next 2Y10.41%
EPS Next 3Y5.66%

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

5

5. TCW.CA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.33%, TCW has a reasonable but not impressive dividend return.
  • TCW's Dividend Yield is rather good when compared to the industry average which is at 1.01. TCW pays more dividend than 92.59% of the companies in the same industry.
  • TCW's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.33%

5.2 History

  • The dividend of TCW decreases each year by -9.83%.
  • TCW has been paying a dividend for at least 10 years, so it has a reliable track record.
  • TCW has decreased its dividend recently.
Dividend Growth(5Y)-9.83%
Div Incr Years1
Div Non Decr Years1
TCW.CA Yearly Dividends per shareTCW.CA Yearly Dividends per shareYearly Dividends per share 2023 2024 2025 2026 0.05 0.1 0.15 0.2

5.3 Sustainability

  • 37.07% of the earnings are spent on dividend by TCW. This is a low number and sustainable payout ratio.
DP37.07%
EPS Next 2Y10.41%
EPS Next 3Y5.66%
TCW.CA Yearly Income VS Free CF VS DividendTCW.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M -200M
TCW.CA Dividend Payout.TCW.CA Dividend Payout, showing the Payout Ratio.TCW.CA Dividend Payout.PayoutRetained Earnings

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TCW.CA Fundamentals: All Metrics, Ratios and Statistics

TRICAN WELL SERVICE LTD

TSX:TCW (3/5/2026, 7:00:00 PM)

6.83

+0.19 (+2.86%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-18
Earnings (Next)05-11
Inst Owners25.49%
Inst Owner ChangeN/A
Ins Owners4.21%
Ins Owner ChangeN/A
Market Cap1.44B
Revenue(TTM)1.10B
Net Income(TTM)112.19M
Analysts74
Price Target7.35 (7.61%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.33%
Yearly Dividend0.18
Dividend Growth(5Y)-9.83%
DP37.07%
Div Incr Years1
Div Non Decr Years1
Ex-Date03-13
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-8.58%
Min EPS beat(2)-9.99%
Max EPS beat(2)-7.18%
EPS beat(4)2
Avg EPS beat(4)3.02%
Min EPS beat(4)-9.99%
Max EPS beat(4)25.66%
EPS beat(8)5
Avg EPS beat(8)7.28%
EPS beat(12)8
Avg EPS beat(12)23.21%
EPS beat(16)10
Avg EPS beat(16)26.66%
Revenue beat(2)0
Avg Revenue beat(2)-4.06%
Min Revenue beat(2)-6.6%
Max Revenue beat(2)-1.52%
Revenue beat(4)1
Avg Revenue beat(4)-2.13%
Min Revenue beat(4)-6.6%
Max Revenue beat(4)2.87%
Revenue beat(8)2
Avg Revenue beat(8)-0.09%
Revenue beat(12)4
Avg Revenue beat(12)0.13%
Revenue beat(16)6
Avg Revenue beat(16)1.07%
PT rev (1m)8.8%
PT rev (3m)10.19%
EPS NQ rev (1m)-5.13%
EPS NQ rev (3m)-4.31%
EPS NY rev (1m)0%
EPS NY rev (3m)0.88%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)21.95%
Revenue NY rev (1m)0.08%
Revenue NY rev (3m)0.69%
Valuation
Industry RankSector Rank
PE 11.78
Fwd PE 9.86
P/S 1.31
P/FCF 13.73
P/OCF 8.58
P/B 2.07
P/tB 2.56
EV/EBITDA 6.29
EPS(TTM)0.58
EY8.49%
EPS(NY)0.69
Fwd EY10.14%
FCF(TTM)0.5
FCFY7.28%
OCF(TTM)0.8
OCFY11.66%
SpS5.21
BVpS3.31
TBVpS2.66
PEG (NY)0.61
PEG (5Y)N/A
Graham Number6.57
Profitability
Industry RankSector Rank
ROA 11.07%
ROE 16.12%
ROCE 17.74%
ROIC 13.4%
ROICexc 13.59%
ROICexgc 16.08%
OM 14.31%
PM (TTM) 10.23%
GM 19.81%
FCFM 9.55%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y2.02%
OM growth 5YN/A
PM growth 3Y3.83%
PM growth 5YN/A
GM growth 3Y4.51%
GM growth 5YN/A
F-Score6
Asset Turnover1.08
Health
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 1.11
Debt/EBITDA 0.45
Cap/Depr 71.42%
Cap/Sales 5.74%
Interest Coverage 37.36
Cash Conversion 68.41%
Profit Quality 93.31%
Current Ratio 2.49
Quick Ratio 2.22
Altman-Z 4.25
F-Score6
WACC8.21%
ROIC/WACC1.63
Cap/Depr(3y)90.31%
Cap/Depr(5y)92.3%
Cap/Sales(3y)7.18%
Cap/Sales(5y)8.62%
Profit Quality(3y)101.99%
Profit Quality(5y)96.96%
High Growth Momentum
Growth
EPS 1Y (TTM)8.9%
EPS 3Y20.68%
EPS 5YN/A
EPS Q2Q%5.19%
EPS Next Y19.46%
EPS Next 2Y10.41%
EPS Next 3Y5.66%
EPS Next 5Y5.44%
Revenue 1Y (TTM)11.76%
Revenue growth 3Y8.16%
Revenue growth 5Y22.52%
Sales Q2Q%17.14%
Revenue Next Year17.83%
Revenue Next 2Y10.15%
Revenue Next 3Y2.02%
Revenue Next 5Y0.71%
EBIT growth 1Y5.13%
EBIT growth 3Y10.34%
EBIT growth 5YN/A
EBIT Next Year98.87%
EBIT Next 3Y24.16%
EBIT Next 5Y17.21%
FCF growth 1Y31.23%
FCF growth 3Y29.15%
FCF growth 5Y12.54%
OCF growth 1Y8.23%
OCF growth 3Y3.26%
OCF growth 5Y18.81%

TRICAN WELL SERVICE LTD / TCW.CA FAQ

Can you provide the ChartMill fundamental rating for TRICAN WELL SERVICE LTD?

ChartMill assigns a fundamental rating of 7 / 10 to TCW.CA.


What is the valuation status for TCW stock?

ChartMill assigns a valuation rating of 6 / 10 to TRICAN WELL SERVICE LTD (TCW.CA). This can be considered as Fairly Valued.


How profitable is TRICAN WELL SERVICE LTD (TCW.CA) stock?

TRICAN WELL SERVICE LTD (TCW.CA) has a profitability rating of 8 / 10.


What is the valuation of TRICAN WELL SERVICE LTD based on its PE and PB ratios?

The Price/Earnings (PE) ratio for TRICAN WELL SERVICE LTD (TCW.CA) is 11.78 and the Price/Book (PB) ratio is 2.07.


Can you provide the dividend sustainability for TCW stock?

The dividend rating of TRICAN WELL SERVICE LTD (TCW.CA) is 5 / 10 and the dividend payout ratio is 37.07%.