Western Energy Services Corp
TSX:WRG
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EV/IC
Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.
Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.
Valuation Scenarios
If EV/IC returns to its 3-Year Average (0.5), the stock would be worth CA$2.83 (9% downside from current price).
| Scenario | EV/IC Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 0.5 | CA$3.11 |
0%
|
| 3-Year Average | 0.5 | CA$2.83 |
-9%
|
| 5-Year Average | 0.5 | CA$2.94 |
-5%
|
| Industry Average | 6.1 | CA$35.88 |
+1 054%
|
| Country Average | 1.7 | CA$9.85 |
+217%
|
Forward EV/IC
Today’s price vs future invested capital
Peer Comparison
| Market Cap | EV/IC | P/E | ||||
|---|---|---|---|---|---|---|
| CA |
|
Western Energy Services Corp
TSX:WRG
|
99.5m CAD | 0.5 | -4 | |
| CN |
|
China Oilfield Services Ltd
SSE:601808
|
72.1B CNY | 1.3 | 18.9 | |
| US |
|
Noble Corp (Cayman Island)
NYSE:NE
|
8B USD | 1.4 | 37 | |
| CH |
|
Transocean Ltd
NYSE:RIG
|
7.5B USD | 0.8 | -2.6 | |
| BM |
|
Valaris Ltd
NYSE:VAL
|
7.1B USD | 1.7 | 7.2 | |
| SA |
A
|
ADES Holding Company SJSC
SAU:2382
|
21.9B SAR | 1.3 | 26.8 | |
| US |
|
Noble Corporation PLC
CSE:NOBLE
|
31.4B DKK | 1 | 22.7 | |
| US |
|
Patterson-UTI Energy Inc
NASDAQ:PTEN
|
4.5B USD | 1.1 | -48.6 | |
| US |
|
Helmerich and Payne Inc
NYSE:HP
|
4B USD | 1 | -12.7 | |
| BM |
|
Seadrill Ltd
NYSE:SDRL
|
3.1B USD | 0.9 | -39.9 | |
| SA |
A
|
Arabian Drilling Co
SAU:2381
|
10.8B SAR | 1.5 | -143.1 |
Market Distribution
| Min | 0 |
| 30th Percentile | 1 |
| Median | 1.7 |
| 70th Percentile | 3.7 |
| Max | 95 179.6 |
Other Multiples
Western Energy Services Corp
Glance View
Western Energy Services Corp. is an oilfield service company, which engages in the provision of contract drilling services. The company is headquartered in Calgary, Alberta and currently employs 566 full-time employees. The firm is focused on providing contract drilling services through its division, Horizon Drilling (Horizon) in Canada, and its wholly owned subsidiary, Stoneham Drilling Corporation (Stoneham) in the United States. Western provides well servicing and oilfield rental equipment services in Canada through its wholly owned subsidiary Western Production Services Corp. (Western Production Services). Western Production Services’ division, Eagle Well Servicing (Eagle) provides well servicing, and Aero Rental Services (Aero) provides oilfield rental equipment services. In Contract Drilling Services, the Company operates a fleet of approximately 57 drilling rigs specifically suited for drilling complex horizontal wells. In production services, the Company provides well servicing and oilfield equipment rentals primarily in Canada operates approximately 66 well servicing rigs.
