# Ensign Energy Services Inc. (ESI.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Energy / Oil, Gas & Consumable Fuels. Price C$3.74, market value C$689 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Ensign Energy Services Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 0.4×**. Each dollar of revenue is priced at 0.4×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.5×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 4.3×**. Enterprise value is 4.3× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 6.1%** (5-yr avg 35.4%). Free cash flow equals 6.1% of the market value, below its five-year average of 35.4%, so the shares are pricier on cash than usual. Above 5% is generally attractive.

## Profitability
- **Gross margin: 5.4%**. Ensign Energy Services Inc. keeps 5.4% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 1.2%**. 1.2% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: -2.4%**. The company reported a net loss over the last twelve months.
- **Return on equity: -3.0%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 0.9%**. Return on all capital, debt included, is 0.9%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -1.5%**. Each dollar of assets produces -1.5% of profit.

## Growth
- **Revenue growth (1 yr): -2.7%** (3-yr 1.3%/yr, 5-yr 11.8%/yr). Revenue fell 2.7% over the last year, against 11.8% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -90.9%**. Earnings per share fell 90.9%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -26.6%/yr**. Free cash flow has compounded at -26.6% a year over three years.

## Financial health
- **Debt to equity: 0.75**. Debt is 0.75 times equity, moderate leverage.
- **Net debt / EBITDA: 2.5×**. It would take 2.5 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 0.3×**. Operating profit covers interest only 0.3×: fragile.
- **Current ratio: 1.34** (quick 1.17). Current assets cover the next year's liabilities 1.34 times.
- **Altman Z-score: 1.70**. A Z-score of 1.70 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Ensign Energy Services Inc. does not currently pay a dividend, but it returned 0.4% of its market value through buybacks over the last year.

## Analyst view
- **Analyst consensus: hold** (6 analysts). 6 analysts cover Ensign Energy Services Inc.; the consensus is hold, with an average price target of C$4.04 (+8% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 72.4%** (YTD 47.2%, 3-mo -6.0%). The shares are up 72.4% over twelve months including dividends.
- **From 52-week high: -24.7%** (74.0% above the low). Trading 25% below 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): 56**. An RSI of 56 is neutral.
- **Beta (1 yr): 0.65** (volatility 50%). Beta of 0.65 against the S&P/TSX Composite: the shares move much less than the market.

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

Not investment advice.