Financials Western Energy Services Corp.

Equities

WRG

CA9581596009

Oil & Gas Drilling

Market Closed - Toronto S.E. 09:30:00 2024-04-25 am EDT 5-day change 1st Jan Change
2.68 CAD -3.25% Intraday chart for Western Energy Services Corp. -4.29% -9.76%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 25.9 43.76 26.59 114.7 100.5 90.7 -
Enterprise Value (EV) 1 255 266.4 259.5 237.5 100.5 189.7 176.7
P/E ratio -0.32 x - - - - - -
Yield - - - - - - -
Capitalization / Revenue 0.13 x 0.42 x 0.2 x 0.57 x 0.43 x 0.41 x 0.39 x
EV / Revenue 1.3 x 2.57 x 1.97 x 1.19 x 0.43 x 0.87 x 0.76 x
EV / EBITDA 10.5 x 13.1 x 11.3 x 5.95 x 2.11 x 4.18 x 3.54 x
EV / FCF 10.7 x - 26.6 x -41.8 x - 18.1 x 14.7 x
FCF Yield 9.31% - 3.76% -2.39% - 5.54% 6.79%
Price to Book 0.1 x - - - - - -
Nbr of stocks (in thousands) 771 760 764 33,841 33,843 33,843 -
Reference price 2 33.60 57.60 34.80 3.390 2.970 2.680 2.680
Announcement Date 2/27/20 2/25/21 3/24/22 2/28/23 2/28/24 - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 196.4 103.7 131.7 200.3 233.5 219 232
EBITDA 1 24.24 20.28 23.05 39.92 47.74 45.4 49.85
EBIT - - - - - - -
Operating Margin - - - - - - -
Earnings before Tax (EBT) - - - - - - -
Net income -81.03 - - - - - -
Net margin -41.26% - - - - - -
EPS -105.6 - - - - - -
Free Cash Flow 1 23.75 - 9.765 -5.687 - 10.5 12
FCF margin 12.09% - 7.42% -2.84% - 4.79% 5.17%
FCF Conversion (EBITDA) 97.99% - 42.37% - - 23.13% 24.07%
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 - - - - - - -
Announcement Date 2/27/20 2/25/21 3/24/22 2/28/23 2/28/24 - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 2025 Q2
Net sales 1 41.36 50.48 30.59 58.48 60.79 79.24 42.95 55 56.26 - 42 55 57 - -
EBITDA 1 8.95 10.39 2.498 - 12.23 19.2 4.14 11.03 13.37 15.22 4.1 11.7 13.8 17.4 5.3
EBIT - - - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - - -
Net income - - - - - - - - - - - - - - -
Net margin - - - - - - - - - - - - - - -
EPS - - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 3/24/22 5/5/22 7/25/22 10/25/22 2/28/23 4/25/23 7/25/23 10/24/23 2/28/24 4/23/24 - - - - -
1CAD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 229 223 233 123 - 99 86
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) 9.454 x 10.98 x 10.11 x 3.076 x - 2.181 x 1.725 x
Free Cash Flow 1 23.8 - 9.77 -5.69 - 10.5 12
ROE (net income / shareholders' equity) -13.7% -13.4% - - - -2% -
ROA (Net income/ Total Assets) -14.7% - - - - -2% -
Assets 550.5 - - - - - -
Book Value Per Share 344.0 - - - - - -
Cash Flow per Share 2 41.20 36.50 218.0 1.210 1.520 1.080 1.190
Capex 1 7.97 2.79 6.87 34.2 - 22.5 27.5
Capex / Sales 4.06% 2.69% 5.21% 17.08% - 10.27% 11.85%
Announcement Date 2/27/20 2/25/21 3/24/22 2/28/23 2/28/24 - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
2
Last Close Price
2.68 CAD
Average target price
2.875 CAD
Spread / Average Target
+7.28%
Consensus

Quarterly revenue - Rate of surprise

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