# Trican Well Service Ltd. (TCW.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Energy / Energy Equipment & Services. Price C$6.40, market value C$1.3 billion.

## Valuation
- **P/E (trailing): 14.9×** (5-yr avg 17.5×, 3-yr avg 8.7×). Trican Well Service Ltd. trades at 14.9× trailing earnings, close to its own five-year average of 17.5×. The Energy median in the September 2026 study was 16.8×. Forward P/E is 9.7×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 1.75**. A PEG of 1.75 is in the range usually read as fairly priced for its growth.
- **Price / sales: 1.1×**. Each dollar of revenue is priced at 1.1×.
- **Price / book: 2.0×**. The shares trade at 2.0× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 6.0×**. Enterprise value is 6.0× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 11.9%** (5-yr avg 9.4%). Free cash flow equals 11.9% of the market value, above its five-year average of 9.4%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 6.7%**. The inverse of the P/E: 6.7% of the price is earned each year.

## Profitability
- **Gross margin: 17.0%**. Trican Well Service Ltd. keeps 17.0% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 12.0%**. 12.0% of revenue is left after running the business.
- **Net margin: 10.2%**. 10.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 16.1%**. 16.1% on shareholders' equity is solid.
- **Return on invested capital: 13.4%**. Return on all capital, debt included, is 13.4%.
- **Return on assets: 8.8%**. Each dollar of assets produces 8.8% of profit.

## Growth
- **Revenue growth (1 yr): 11.8%** (3-yr 8.2%/yr, 5-yr 22.5%/yr). Revenue grew 11.8% over the last year, against 22.5% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 5.6%** (3-yr 21.2%/yr). Earnings per share rose 5.6%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 29.1%/yr**. Free cash flow has compounded at 29.1% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.17**. Debt is 0.17 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.4×**. It would take 0.4 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 27.3×**. Operating profit covers interest 27.3× over, a safe margin.
- **Current ratio: 2.49** (quick 2.22). Current assets cover the next year's liabilities 2.49 times.
- **Altman Z-score: 5.34**. A Z-score of 5.34 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.44%** (C$0.16 per share, trailing). Trican Well Service Ltd. yields 3.44%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 37%** (29% of free cash flow). 37% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 3**. 3 straight years of increases.
- **Shareholder yield: 5.1%**. Dividends plus net buybacks return 5.1% of the market value a year.

## Price and momentum
- **Total return (1 yr): 11.5%** (YTD 9.4%, 3-mo -13.9%). The shares are up 11.5% over twelve months including dividends.
- **From 52-week high: -23.8%** (23.3% above the low). Trading 24% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 54**. An RSI of 54 is neutral.
- **Beta (1 yr): 0.18** (volatility 36%). Beta of 0.18 against the S&P/TSX Composite: the shares move much less than the market.

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

Not investment advice.