ENSIGN ENERGY SERVICES INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.52 CAD | +5.00% |
|
+8.62% | +16.13% |
| Mar. 04 | Ensign Energy Services Price Target Raised to $3.50 at BMO | MT |
| Mar. 01 | Transcript : Ensign Energy Services Inc., Q4 2023 Earnings Call, Mar 01, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 457.1 | 147.1 | 274.1 | 628.5 | 398.3 | 464.8 | - | - |
| Enterprise Value (EV) 1 | 2,030 | 1,488 | 1,724 | 2,018 | 398.3 | 1,481 | 1,251 | 464.8 |
| P/E ratio | -2.79 x | -1.86 x | -1.71 x | 68.2 x | 9.86 x | 11.7 x | 5.42 x | 3.82 x |
| Yield | 14.7% | 6.59% | - | - | - | - | - | - |
| Capitalization / Revenue | 0.29 x | 0.16 x | 0.28 x | 0.4 x | 0.22 x | 0.27 x | 0.26 x | - |
| EV / Revenue | 1.27 x | 1.59 x | 1.73 x | 1.28 x | 0.22 x | 0.86 x | 0.69 x | - |
| EV / EBITDA | 5.04 x | 6.16 x | 8.09 x | 5.4 x | 0.81 x | 3.25 x | 2.61 x | 0.87 x |
| EV / FCF | 20.1 x | 7.56 x | 229 x | 13.9 x | - | 7.16 x | 5.21 x | 1.72 x |
| FCF Yield | 4.98% | 13.2% | 0.44% | 7.21% | - | 14% | 19.2% | 58.1% |
| Price to Book | 0.32 x | 0.11 x | 0.23 x | 0.49 x | - | 0.34 x | 0.33 x | - |
| Nbr of stocks (in thousands) | 160,393 | 161,657 | 163,125 | 184,314 | 183,550 | 184,456 | - | - |
| Reference price 2 | 2.850 | 0.9100 | 1.680 | 3.410 | 2.170 | 2.520 | 2.520 | 2.520 |
| Announcement Date | 3/9/20 | 3/5/21 | 3/4/22 | 3/3/23 | 3/1/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,592 | 936.8 | 995.6 | 1,577 | 1,792 | 1,731 | 1,814 | - |
| EBITDA 1 | 402.7 | 241.5 | 213.2 | 373.6 | 490.2 | 456.2 | 479.3 | 535.1 |
| EBIT | 39.58 | - | -75.02 | 92.48 | 182.9 | - | - | - |
| Operating Margin | 2.49% | - | -7.53% | 5.86% | 10.21% | - | - | - |
| Earnings before Tax (EBT) 1 | -183.6 | -120.5 | -194.5 | -6.373 | 47.7 | 75 | 122 | - |
| Net income 1 | -162.9 | -79.33 | -159.5 | 8.128 | 41.24 | 60 | 98 | - |
| Net margin | -10.23% | -8.47% | -16.02% | 0.52% | 2.3% | 3.47% | 5.4% | - |
| EPS 2 | -1.020 | -0.4900 | -0.9800 | 0.0500 | 0.2200 | 0.2150 | 0.4650 | 0.6600 |
| Free Cash Flow 1 | 101 | 196.7 | 7.515 | 145.6 | - | 207 | 240.3 | 270 |
| FCF margin | 6.34% | 21% | 0.75% | 9.23% | - | 11.96% | 13.25% | - |
| FCF Conversion (EBITDA) | 25.08% | 81.45% | 3.53% | 38.96% | - | 45.37% | 50.14% | 50.46% |
| FCF Conversion (Net income) | - | - | - | 1,790.96% | - | 345% | 245.24% | - |
| Dividend per Share 2 | 0.4200 | 0.0600 | - | - | - | - | - | - |
| Announcement Date | 3/9/20 | 3/5/21 | 3/4/22 | 3/3/23 | 3/1/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 268.6 | 296.2 | 332.7 | 344.1 | 432.6 | 468 | 484.1 | 432.8 | 444.4 | 430.5 | 425.6 | 376.9 | 435.4 | 457.6 | - |
| EBITDA 1 | 59.77 | 57.86 | 69.96 | 68.33 | 105.4 | 130 | 127.3 | 116.6 | 117.3 | 129 | 114.5 | 95.08 | 113.8 | 124.6 | 123.2 |
| EBIT | - | -16.33 | -9.069 | -7.967 | - | 56.93 | - | - | - | 51.3 | - | - | - | - | - |
| Operating Margin | - | -5.51% | -2.73% | -2.32% | - | 12.17% | - | - | - | 11.92% | - | - | - | - | - |
| Earnings before Tax (EBT) | - | -40.61 | -6.513 | -36.38 | - | 16.14 | - | - | - | 30.96 | - | - | - | - | - |
| Net income | - | -29.24 | 6.587 | -28.16 | - | 11.9 | - | 10.3 | - | 31.92 | - | - | - | - | - |
| Net margin | - | -9.87% | 1.98% | -8.18% | - | 2.54% | - | 2.38% | - | 7.41% | - | - | - | - | - |
| EPS 2 | -0.2100 | -0.1800 | 0.0400 | -0.1700 | 0.1100 | 0.0700 | 0.0200 | 0.0600 | -0.0300 | 0.1800 | 0.0100 | -0.0400 | 0.0700 | 0.1400 | 0.1000 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/5/21 | 3/4/22 | 5/9/22 | 8/5/22 | 11/4/22 | 3/3/23 | 5/8/23 | 8/4/23 | 11/3/23 | 3/1/24 | - | - | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,573 | 1,340 | 1,450 | 1,390 | - | 1,017 | 787 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.905 x | 5.55 x | 6.803 x | 3.72 x | - | 2.228 x | 1.641 x | - |
| Free Cash Flow 1 | 101 | 197 | 7.52 | 146 | - | 207 | 240 | 270 |
| ROE (net income / shareholders' equity) | -10% | -5.61% | -12.5% | -1.71% | - | 4% | 7% | - |
| ROA (Net income/ Total Assets) | -4.37% | -2.43% | - | - | - | 2% | 4% | - |
| Assets 1 | 3,732 | 3,265 | - | - | - | 3,000 | 2,450 | - |
| Book Value Per Share 2 | 8.990 | 8.440 | 7.360 | 7.020 | - | 7.330 | 7.550 | - |
| Cash Flow per Share 2 | 1.480 | 1.300 | 1.170 | 2.110 | 2.510 | 1.890 | 2.010 | 2.360 |
| Capex 1 | 136 | 50.2 | 65.3 | 174 | - | 147 | 157 | 161 |
| Capex / Sales | 8.54% | 5.36% | 6.55% | 11.06% | - | 8.5% | 8.66% | - |
| Announcement Date | 3/9/20 | 3/5/21 | 3/4/22 | 3/3/23 | 3/1/24 | - | - | - |
1CAD in Million2CAD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
2.52
CAD
Average target price
3.786
CAD
Spread / Average Target
+50.23%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +16.13% | 340M | |
| +1.59% | 16.73B | |
| +12.28% | 9.69B | |
| -3.88% | 6.61B | |
| -18.75% | 5.69B | |
| +0.92% | 5.01B | |
| -7.56% | 4.86B | |
| +4.17% | 4.54B | |
| +11.51% | 3.99B | |
| +7.22% | 3.9B |
- Stock Market
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- Financials Ensign Energy Services Inc.
