# PHX Energy Services Corp. (PHX.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Energy / Oil, Gas & Consumable Fuels. Price C$12.50, market value C$572 million.

## Valuation
- **P/E (trailing): 13.2×** (5-yr avg 5.9×, 3-yr avg 5.5×). PHX Energy Services Corp. trades at 13.2× trailing earnings, well above its own five-year average of 5.9×: investors are paying up relative to the company's past. The Energy median in the September 2026 study was 16.8×. Forward P/E is 9.2×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 5.31**. A PEG of 5.31 means the P/E is high relative to expected earnings growth; the price already assumes a lot.
- **Price / sales: 0.8×**. Each dollar of revenue is priced at 0.8×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 2.5×**. The shares trade at 2.5× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 5.6×**. Enterprise value is 5.6× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: -1.0%** (5-yr avg 0.9%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 7.6%**. The inverse of the P/E: 7.6% of the price is earned each year.

## Profitability
- **Gross margin: 14.1%**. PHX Energy Services Corp. keeps 14.1% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 3.1%**. 3.1% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: 7.7%**. 7.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 23.9%**. 23.9% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 7.3%**. Return on all capital, debt included, is 7.3%.
- **Return on assets: 10.4%**. Each dollar of assets produces 10.4% of profit.

## Growth
- **Revenue growth (1 yr): 7.6%** (3-yr 9.8%/yr, 5-yr 24.9%/yr). Revenue grew 7.6% over the last year, against 24.9% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 1.7%** (3-yr 10.7%/yr). Earnings per share rose 1.7%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.29**. Debt is 0.29 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.3×**. It would take 0.3 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 5.3×**. Operating profit covers interest 5.3× over, a safe margin.
- **Current ratio: 1.88** (quick 1.44). Current assets cover the next year's liabilities 1.88 times.
- **Altman Z-score: 4.52**. A Z-score of 4.52 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 6.40%** (C$0.80 per share, trailing). PHX Energy Services Corp. yields 6.40%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 66%**. 66% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 6**. 6 straight years of increases.
- **Dividend growth (5 yr): 100.0%/yr** (1-yr 0.0%). The dividend has compounded at 100.0% a year over five years, doubling roughly every 1 years at that pace.

## Analyst view
- **Analyst consensus: strong_buy** (3 analysts). 3 analysts cover PHX Energy Services Corp.; the consensus is strong_buy, with an average price target of C$15.17 (+21% 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): 81.2%** (YTD 75.3%, 3-mo 13.9%). The shares are up 81.2% over twelve months including dividends.
- **From 52-week high: -11.8%** (82.0% above the low). Trading 12% 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): 60**. An RSI of 60 is neutral.
- **Beta (1 yr): 0.27** (volatility 36%). Beta of 0.27 against the S&P/TSX Composite: the shares move much less than the market.

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

Not investment advice.