Financials Ensign Energy Services Inc.

Equities

ESI

CA2935701078

Oil & Gas Drilling

Market Closed - Toronto S.E. 04:00:00 2024-05-17 pm EDT 5-day change 1st Jan Change
2.38 CAD +2.15% Intraday chart for Ensign Energy Services Inc. +3.48% +9.68%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 457.1 147.1 274.1 628.5 398.3 437.4 - -
Enterprise Value (EV) 1 2,030 1,488 1,724 2,018 398.3 1,457 1,242 966
P/E ratio -2.79 x -1.86 x -1.71 x 68.2 x 9.86 x 28.6 x 6.32 x 3.22 x
Yield 14.7% 6.59% - - - - - -
Capitalization / Revenue 0.29 x 0.16 x 0.28 x 0.4 x 0.22 x 0.26 x 0.25 x 0.23 x
EV / Revenue 1.27 x 1.59 x 1.73 x 1.28 x 0.22 x 0.87 x 0.7 x 0.5 x
EV / EBITDA 5.04 x 6.16 x 8.09 x 5.4 x 0.81 x 3.26 x 2.63 x 1.79 x
EV / FCF 20.1 x 7.56 x 229 x 13.9 x - 8.18 x 5.29 x 3.6 x
FCF Yield 4.98% 13.2% 0.44% 7.21% - 12.2% 18.9% 27.7%
Price to Book 0.32 x 0.11 x 0.23 x 0.49 x - 0.33 x 0.32 x -
Nbr of stocks (in thousands) 160,393 161,657 163,125 184,314 183,550 183,775 - -
Reference price 2 2.850 0.9100 1.680 3.410 2.170 2.380 2.380 2.380
Announcement Date 3/9/20 3/5/21 3/4/22 3/3/23 3/1/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,592 936.8 995.6 1,577 1,792 1,678 1,778 1,942
EBITDA 1 402.7 241.5 213.2 373.6 490.2 446.5 472.4 538.3
EBIT 1 39.58 - -75.02 92.48 182.9 110.6 156 243.7
Operating Margin 2.49% - -7.53% 5.86% 10.21% 6.59% 8.78% 12.55%
Earnings before Tax (EBT) 1 -183.6 -120.5 -194.5 -6.373 47.7 17.4 88.6 179.7
Net income 1 -162.9 -79.33 -159.5 8.128 41.24 15.33 68.93 136.6
Net margin -10.23% -8.47% -16.02% 0.52% 2.3% 0.91% 3.88% 7.03%
EPS 2 -1.020 -0.4900 -0.9800 0.0500 0.2200 0.0833 0.3767 0.7400
Free Cash Flow 1 101 196.7 7.515 145.6 - 178 234.7 268
FCF margin 6.34% 21% 0.75% 9.23% - 10.61% 13.2% 13.8%
FCF Conversion (EBITDA) 25.08% 81.45% 3.53% 38.96% - 39.87% 49.68% 49.79%
FCF Conversion (Net income) - - - 1,790.96% - 1,160.87% 340.43% 196.19%
Dividend per Share 2 0.4200 0.0600 - - - - - -
Announcement Date 3/9/20 3/5/21 3/4/22 3/3/23 3/1/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 296.2 332.7 344.1 432.6 468 484.1 432.8 444.4 430.5 431.3 387.8 431.6 445.9 436.4 384.4
EBITDA 1 57.86 69.96 68.33 105.4 130 127.3 116.6 117.3 129 117.5 98.07 110.4 117.2 121.8 103.5
EBIT 1 -16.33 -9.069 -7.967 - 56.93 - - - 51.3 - 12.4 33.2 44.1 - -
Operating Margin -5.51% -2.73% -2.32% - 12.17% - - - 11.92% - 3.2% 7.69% 9.89% - -
Earnings before Tax (EBT) 1 -40.61 -6.513 -36.38 - 16.14 - - - 30.96 - -11.8 10.1 21.6 - -
Net income 1 -29.24 6.587 -28.16 - 11.9 - 10.3 - 31.92 - -9 7.7 16.4 - -
Net margin -9.87% 1.98% -8.18% - 2.54% - 2.38% - 7.41% - -2.32% 1.78% 3.68% - -
EPS 2 -0.1800 0.0400 -0.1700 0.1100 0.0700 0.0200 0.0600 -0.0300 0.1800 -0.0100 -0.005000 0.0750 0.0800 0.0850 0.0400
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 3/4/22 5/9/22 8/5/22 11/4/22 3/3/23 5/8/23 8/4/23 11/3/23 3/1/24 5/6/24 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,573 1,340 1,450 1,390 - 1,019 804 529
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.905 x 5.55 x 6.803 x 3.72 x - 2.283 x 1.703 x 0.982 x
Free Cash Flow 1 101 197 7.52 146 - 178 235 268
ROE (net income / shareholders' equity) -10% -5.61% -12.5% -1.71% - 0.67% 4.57% 8.9%
ROA (Net income/ Total Assets) -4.37% -2.43% - - - - 2% -
Assets 1 3,732 3,265 - - - - 3,447 -
Book Value Per Share 2 8.990 8.440 7.360 7.020 - 7.270 7.520 -
Cash Flow per Share 2 1.480 1.300 1.170 2.110 2.510 1.830 2.000 2.380
Capex 1 136 50.2 65.3 174 - 146 157 166
Capex / Sales 8.54% 5.36% 6.55% 11.06% - 8.72% 8.8% 8.55%
Announcement Date 3/9/20 3/5/21 3/4/22 3/3/23 3/1/24 - - -
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
2.38 CAD
Average target price
3.714 CAD
Spread / Average Target
+56.06%
Consensus
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