Western Energy Services Corp
TSX:WRG
Intrinsic Value
Western Energy Services Corp. is an oilfield service company, which engages in the provision of contract drilling services. [ Read More ]
The intrinsic value of one
WRG
stock under the Base Case scenario is
6.61
CAD.
Compared to the current market price of 2.68 CAD,
Western Energy Services Corp
is
Undervalued by 59%.
Western Energy Services Corp's market capitalization is 90.7m CAD.
WRG stock price is 2.68 CAD.
WRG stock price (2.68 CAD) is 59% less than its Intrinsic Value (6.61 CAD).
WRG. Open DCF Valuation
WRG has upside potential of 12% compared to the average analyst price target.
Open Wall St Estimates
WRG's Revenue has grown by 17% over the past 12 months.
WRG's ROIC (Return on Invested Capital) has increased in the last 3 years from -5% to 1%.
WRG's ROIC (Return on Invested Capital) for the past 12 months is very low and is equal to 1%.
WRG's ROE (Return on Equity) has significantly increased in the last 3 years from -14% to -2%, and is approaching profitability.
WRG has positive Gross Profit for the last twelve months.
WRG's ROE (Return on Equity) for the past 12 months is negative and is equal to -2%.
WRG has positive Free Cash Flow for the last twelve months.
WRG's short-term assets (51m CAD) exceed its short-term liabilties (31m CAD).
WRG's Revenue has been growing by an exceptional 31% per year for the last 3 years.
WRG has negative three-year average ROIC (Return on Invested Capital): -2%. The company is not efficient at using invested capital to generate operating income.
WRG has positive Operating Income for the last twelve months.
WRG has negative Net Income for the last twelve months.
WRG has negative three-year average ROE (Return on Equity): -5%. The company is not efficient at transforming stockholders' equity into net income.
WRG's D/E (Debt to Equity) is very low and is equal to 0.38.
WRG's long-term assets (443m CAD) exceed its long-term liabilties (150m CAD).
WRG has positive Net Debt. This means that the company has more debt (111m CAD) than cash and short-term investments (6m CAD).
WRG's Altman Z-Score is very low and is equal to 0.12.
WRG doesn't generate enough operating income (3m CAD) to safely cover interest payments on its debt (11m CAD).
Valuation Backtest
Western Energy Services Corp
Run backtest to discover the historical profit from buying and selling
WRG
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Western Energy Services Corp
Balance Sheet Decomposition
Western Energy Services Corp
| Current Assets | 50.7m |
| Cash & Short-Term Investments | 5.9m |
| Receivables | 37.8m |
| Other Current Assets | 7m |
| Non-Current Assets | 392.2m |
| PP&E | 392.2m |
| Other Non-Current Assets | 34k |
| Current Liabilities | 30.6m |
| Accounts Payable | 26.6m |
| Other Current Liabilities | 4m |
| Non-Current Liabilities | 119m |
| Long-Term Debt | 111.2m |
| Other Non-Current Liabilities | 7.8m |
Earnings Waterfall
Western Energy Services Corp
|
Revenue
|
233.5m
CAD
|
|
Cost of Revenue
|
-169.5m
CAD
|
|
Gross Profit
|
64m
CAD
|
|
Operating Expenses
|
-61.2m
CAD
|
|
Operating Income
|
2.8m
CAD
|
|
Other Expenses
|
-10m
CAD
|
|
Net Income
|
-7.2m
CAD
|
Free Cash Flow Analysis
Western Energy Services Corp
WRG Profitability Score
Profitability Due Diligence
Western Energy Services Corp's profitability score is 43/100. The higher the profitability score, the more profitable the company is.
Score
Western Energy Services Corp's profitability score is 43/100. The higher the profitability score, the more profitable the company is.
WRG Solvency Score
Solvency Due Diligence
Western Energy Services Corp's solvency score is 33/100. The higher the solvency score, the more solvent the company is.
Score
Western Energy Services Corp's solvency score is 33/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
WRG Price Targets Summary
Western Energy Services Corp
According to Wall Street analysts, the average 1-year price target for
WRG
is 3.01 CAD
with a low forecast of 2.93 CAD and a high forecast of 3.15 CAD.
Shareholder Return
WRG Price
Western Energy Services Corp
| Average Annual Return | -19.33% |
| Standard Deviation of Annual Returns | 69.77% |
| Max Drawdown | -96% |
| Market Capitalization | 90.7m CAD |
| Shares Outstanding | 33 843 009 |
| Percentage of Shares Shorted | 0.08% |
Company Profile
Western Energy Services Corp
Country
Industry
Market Cap
Dividend Yield
Description
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.
Contact
IPO
Employees
Officers
The intrinsic value of one
WRG
stock under the Base Case scenario is
6.61
CAD.
Compared to the current market price of 2.68 CAD,
Western Energy Services Corp
is
Undervalued by 59%.
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