# Calfrac Well Services Ltd. (CFW.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Energy / Energy Equipment & Services. Price C$7.01, market value C$708 million.

## Valuation
- **P/E (trailing): 9.7×** (5-yr avg 22.4×, 3-yr avg 15.3×). Calfrac Well Services Ltd. trades at 9.7× trailing earnings, well below its own five-year average of 22.4×: cheap by its own standards. The Energy median in the September 2026 study was 16.8×. Forward P/E is 6.7×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.04**. A PEG of 0.04 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.5×**. Each dollar of revenue is priced at 0.5×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.0×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 4.6×**. Enterprise value is 4.6× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 18.9%** (5-yr avg 2.5%). Free cash flow equals 18.9% of the market value, above its five-year average of 2.5%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 10.3%**. The inverse of the P/E: 10.3% of the price is earned each year.

## Profitability
- **Gross margin: 10.9%**. Calfrac Well Services Ltd. keeps 10.9% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 6.1%**. 6.1% of revenue is left after running the business.
- **Net margin: 2.2%**. 2.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 4.6%**. 4.6% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 7.5%**. Return on all capital, debt included, is 7.5%.
- **Return on assets: 5.8%**. Each dollar of assets produces 5.8% of profit.

## Growth
- **Revenue growth (1 yr): -11.5%** (3-yr -2.5%/yr, 5-yr 14.5%/yr). Revenue fell 11.5% over the last year, against 14.5% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 183.3%** (3-yr 34.4%/yr). Earnings per share rose 183.3%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 36.5%/yr**. Free cash flow has compounded at 36.5% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.33**. Debt is 0.33 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 1.1×**. It would take 1.1 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 3.5×**. Operating profit covers interest 3.5× over, a safe margin.
- **Current ratio: 1.77** (quick 1.29). Current assets cover the next year's liabilities 1.77 times.
- **Altman Z-score: 3.79**. A Z-score of 3.79 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend: none**. Calfrac Well Services Ltd. does not currently pay a dividend, but it returned -5.9% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): 106.8%** (YTD 68.1%, 3-mo 15.7%). The shares are up 106.8% over twelve months including dividends.
- **From 52-week high: -4.6%** (132.1% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 58**. An RSI of 58 is neutral.
- **Beta (1 yr): 0.28** (volatility 46%). Beta of 0.28 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CFW.TO · Page: https://foliofundamentals.com/stocks/cfw.to

Not investment advice.