TRICAN WELL SERVICE LTD (TCW.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:TCW • CA8959451037

7.24 CAD
-0.09 (-1.23%)
Last: Feb 6, 2026, 07:00 PM
Fundamental Rating

7

We assign a fundamental rating of 7 out of 10 to TCW. 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

7

1. Profitability

1.1 Basic Checks

  • TCW had positive earnings in the past year.
  • TCW had a positive operating cash flow in the past year.
  • TCW had positive earnings in 4 of the past 5 years.
  • Each year in the past 5 years TCW had a positive operating cash flow.
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 0 100M -100M 200M -200M

1.2 Ratios

  • TCW has a better Return On Assets (10.34%) than 77.78% of its industry peers.
  • TCW has a Return On Equity of 15.70%. This is amongst the best in the industry. TCW outperforms 81.48% of its industry peers.
  • TCW's Return On Invested Capital of 12.10% is fine compared to the rest of the industry. TCW outperforms 77.78% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for TCW is significantly below the industry average of 177.00%.
  • The 3 year average ROIC (19.01%) for TCW is well above the current ROIC(12.10%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 10.34%
ROE 15.7%
ROIC 12.1%
ROA(3y)14.96%
ROA(5y)1.52%
ROE(3y)20.51%
ROE(5y)3.81%
ROIC(3y)19.01%
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 0 20 -20 -40

1.3 Margins

  • TCW has a better Profit Margin (10.28%) than 88.89% of its industry peers.
  • TCW's Profit Margin has improved in the last couple of years.
  • TCW's Operating Margin of 14.14% is amongst the best of the industry. TCW outperforms 81.48% of its industry peers.
  • With a Gross Margin value of 19.40%, TCW perfoms like the industry average, outperforming 44.44% of the companies in the same industry.
  • TCW's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 14.14%
PM (TTM) 10.28%
GM 19.4%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y53.97%
PM growth 5YN/A
GM growth 3Y49.98%
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 0 20 -20 -40

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ROAROEROICOperating and Profit MarginShow most profitable peers

9

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), TCW is creating value.
  • TCW has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for TCW has been reduced compared to 5 years ago.
  • The debt/assets ratio for TCW is higher compared to a year ago.
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 3.98 indicates that TCW is not in any danger for bankruptcy at the moment.
  • TCW's Altman-Z score of 3.98 is amongst the best of the industry. TCW outperforms 85.19% of its industry peers.
  • The Debt to FCF ratio of TCW is 1.74, which is an excellent value as it means it would take TCW, only 1.74 years of fcf income to pay off all of its debts.
  • TCW's Debt to FCF ratio of 1.74 is amongst the best of the industry. TCW outperforms 85.19% of its industry peers.
  • TCW has a Debt/Equity ratio of 0.23. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.23, TCW is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.23
Debt/FCF 1.74
Altman-Z 3.98
ROIC/WACC1.51
WACC8.04%
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 0 200M 400M 600M 800M 1B

2.3 Liquidity

  • TCW has a Current Ratio of 2.87. This indicates that TCW is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 2.87, TCW belongs to the top of the industry, outperforming 88.89% of the companies in the same industry.
  • TCW has a Quick Ratio of 2.65. This indicates that TCW is financially healthy and has no problem in meeting its short term obligations.
  • TCW has a Quick ratio of 2.65. This is amongst the best in the industry. TCW outperforms 92.59% of its industry peers.
Industry RankSector Rank
Current Ratio 2.87
Quick Ratio 2.65
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

5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 8.04% over the past year.
  • TCW shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 96.68% yearly.
  • The Revenue has grown by 9.24% in the past year. This is quite good.
  • TCW shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.05% yearly.
EPS 1Y (TTM)8.04%
EPS 3Y96.68%
EPS 5YN/A
EPS Q2Q%25%
Revenue 1Y (TTM)9.24%
Revenue growth 3Y20.36%
Revenue growth 5Y9.05%
Sales Q2Q%35.65%

3.2 Future

  • The Earnings Per Share is expected to grow by 6.45% on average over the next years.
  • TCW is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.23% yearly.
EPS Next Y10.46%
EPS Next 2Y14.06%
EPS Next 3Y9.9%
EPS Next 5Y6.45%
Revenue Next Year17.72%
Revenue Next 2Y17.73%
Revenue Next 3Y12.2%
Revenue Next 5Y4.23%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • 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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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • TCW is valuated correctly with a Price/Earnings ratio of 12.70.
  • 70.37% of the companies in the same industry are more expensive than TCW, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 27.92, TCW is valued rather cheaply.
  • The Price/Forward Earnings ratio is 10.45, which indicates a very decent valuation of TCW.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of TCW indicates a somewhat cheap valuation: TCW is cheaper than 66.67% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.78, TCW is valued rather cheaply.
Industry RankSector Rank
PE 12.7
Fwd PE 10.45
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

  • Based on the Enterprise Value to EBITDA ratio, TCW is valued a bit more expensive than 66.67% of the companies in the same industry.
  • TCW's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 16.14
EV/EBITDA 7.36
TCW.CA Per share dataTCW.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4

4.3 Compensation for Growth

  • TCW's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of TCW may justify a higher PE ratio.
PEG (NY)1.21
PEG (5Y)N/A
EPS Next 2Y14.06%
EPS Next 3Y9.9%

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

5

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 3.13%, TCW has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 1.16, TCW pays a better dividend. On top of this TCW pays more dividend than 92.59% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.83, TCW pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.13%

5.2 History

  • The dividend of TCW decreases each year by -9.83%.
  • TCW has paid a dividend for at least 10 years, which is a reliable track record.
  • The dividend of TCW decreased 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 0.05 0.1 0.15 0.2

5.3 Sustainability

  • 35.68% of the earnings are spent on dividend by TCW. This is a low number and sustainable payout ratio.
DP35.68%
EPS Next 2Y14.06%
EPS Next 3Y9.9%
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 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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TRICAN WELL SERVICE LTD

TSX:TCW (2/6/2026, 7:00:00 PM)

7.24

-0.09 (-1.23%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)10-28
Earnings (Next)02-18
Inst Owners25.49%
Inst Owner ChangeN/A
Ins Owners4.21%
Ins Owner ChangeN/A
Market Cap1.53B
Revenue(TTM)1.05B
Net Income(TTM)107.85M
Analysts74
Price Target6.76 (-6.63%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.13%
Yearly Dividend0.18
Dividend Growth(5Y)-9.83%
DP35.68%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)9.24%
Min EPS beat(2)-7.18%
Max EPS beat(2)25.66%
EPS beat(4)3
Avg EPS beat(4)11.89%
Min EPS beat(4)-7.18%
Max EPS beat(4)25.66%
EPS beat(8)6
Avg EPS beat(8)8.77%
EPS beat(12)8
Avg EPS beat(12)23.15%
EPS beat(16)11
Avg EPS beat(16)31.35%
Revenue beat(2)1
Avg Revenue beat(2)0.68%
Min Revenue beat(2)-1.52%
Max Revenue beat(2)2.87%
Revenue beat(4)2
Avg Revenue beat(4)3.17%
Min Revenue beat(4)-3.25%
Max Revenue beat(4)14.57%
Revenue beat(8)3
Avg Revenue beat(8)1.15%
Revenue beat(12)4
Avg Revenue beat(12)0.44%
Revenue beat(16)6
Avg Revenue beat(16)1.31%
PT rev (1m)0%
PT rev (3m)2.58%
EPS NQ rev (1m)10%
EPS NQ rev (3m)15.79%
EPS NY rev (1m)2.55%
EPS NY rev (3m)-1.27%
Revenue NQ rev (1m)-1.01%
Revenue NQ rev (3m)7.95%
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.89%
Valuation
Industry RankSector Rank
PE 12.7
Fwd PE 10.45
P/S 1.46
P/FCF 16.14
P/OCF 9.5
P/B 2.23
P/tB 2.79
EV/EBITDA 7.36
EPS(TTM)0.57
EY7.87%
EPS(NY)0.69
Fwd EY9.57%
FCF(TTM)0.45
FCFY6.2%
OCF(TTM)0.76
OCFY10.53%
SpS4.96
BVpS3.25
TBVpS2.59
PEG (NY)1.21
PEG (5Y)N/A
Graham Number6.46
Profitability
Industry RankSector Rank
ROA 10.34%
ROE 15.7%
ROCE 16%
ROIC 12.1%
ROICexc 12.22%
ROICexgc 14.4%
OM 14.14%
PM (TTM) 10.28%
GM 19.4%
FCFM 9.04%
ROA(3y)14.96%
ROA(5y)1.52%
ROE(3y)20.51%
ROE(5y)3.81%
ROIC(3y)19.01%
ROIC(5y)N/A
ROICexc(3y)19.58%
ROICexc(5y)N/A
ROICexgc(3y)19.61%
ROICexgc(5y)N/A
ROCE(3y)25.12%
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 3Y53.97%
PM growth 5YN/A
GM growth 3Y49.98%
GM growth 5YN/A
F-Score5
Asset Turnover1.01
Health
Industry RankSector Rank
Debt/Equity 0.23
Debt/FCF 1.74
Debt/EBITDA 0.7
Cap/Depr 83.89%
Cap/Sales 6.32%
Interest Coverage 60.82
Cash Conversion 70.89%
Profit Quality 87.92%
Current Ratio 2.87
Quick Ratio 2.65
Altman-Z 3.98
F-Score5
WACC8.04%
ROIC/WACC1.51
Cap/Depr(3y)109.56%
Cap/Depr(5y)80.31%
Cap/Sales(3y)9.25%
Cap/Sales(5y)8.11%
Profit Quality(3y)91.34%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)8.04%
EPS 3Y96.68%
EPS 5YN/A
EPS Q2Q%25%
EPS Next Y10.46%
EPS Next 2Y14.06%
EPS Next 3Y9.9%
EPS Next 5Y6.45%
Revenue 1Y (TTM)9.24%
Revenue growth 3Y20.36%
Revenue growth 5Y9.05%
Sales Q2Q%35.65%
Revenue Next Year17.72%
Revenue Next 2Y17.73%
Revenue Next 3Y12.2%
Revenue Next 5Y4.23%
EBIT growth 1Y-1.9%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year68.23%
EBIT Next 3Y29.88%
EBIT Next 5Y14.89%
FCF growth 1Y-32.46%
FCF growth 3Y58.07%
FCF growth 5YN/A
OCF growth 1Y-31.31%
OCF growth 3Y27.85%
OCF growth 5Y40.19%

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 5 / 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 7 / 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 12.7 and the Price/Book (PB) ratio is 2.23.


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 35.68%.