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Trican Well Service

DB:TWZ
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TWZ
DB
CA$120M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in Canada. The last earnings update was 39 days ago. More info.


Add to Portfolio Compare Print
  • Trican Well Service has significant price volatility in the past 3 months.
TWZ Share Price and Events
7 Day Returns
11.2%
DB:TWZ
8.1%
Europe Energy Services
-0.6%
DE Market
1 Year Returns
-68.3%
DB:TWZ
-57.2%
Europe Energy Services
-20.9%
DE Market
TWZ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Trican Well Service (TWZ) 11.2% -42.7% -61.5% -68.3% -90% -90.3%
Europe Energy Services 8.1% -27.8% -50.1% -57.2% -65.6% -87.6%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • TWZ underperformed the Energy Services industry which returned -57.2% over the past year.
  • TWZ underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
TWZ
Industry
5yr Volatility vs Market

TWZ Value

 Is Trican Well Service undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Trican Well Service to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Trican Well Service.

DB:TWZ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:TWZ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.912 (1 + (1- 26.5%) (54.7%))
1.186
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.186 * 5.44%)
6.06%

Discounted Cash Flow Calculation for DB:TWZ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Trican Well Service is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:TWZ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 6.06%)
2020 26.14 Analyst x8 24.64
2021 7.70 Analyst x6 6.84
2022 29.00 Analyst x1 24.31
2023 39.53 Est @ 36.3% 31.24
2024 49.53 Est @ 25.3% 36.90
2025 58.24 Est @ 17.59% 40.91
2026 65.34 Est @ 12.2% 43.28
2027 70.84 Est @ 8.42% 44.24
2028 74.94 Est @ 5.78% 44.12
2029 77.88 Est @ 3.93% 43.23
Present value of next 10 years cash flows CA$339.00
DB:TWZ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$77.88 × (1 + -0.39%) ÷ (6.06% – -0.39%)
CA$1,202.14
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$1,202.14 ÷ (1 + 6.06%)10
CA$667.28
DB:TWZ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$339.00 + CA$667.28
CA$1,006.28
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$1,006.28 / 267.08
CA$3.77
DB:TWZ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TWZ represents 0.64086x of TSX:TCW
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.64086x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 3.77 x 0.64086
€2.41
Value per share (EUR) From above. €2.41
Current discount Discount to share price of €0.30
= -1 x (€0.30 - €2.41) / €2.41
87.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Trican Well Service is available for.
Intrinsic value
>50%
Share price is €0.3 vs Future cash flow value of €2.41
Current Discount Checks
For Trican Well Service to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Trican Well Service's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Trican Well Service's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Trican Well Service's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Trican Well Service's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TWZ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$-0.25
TSX:TCW Share Price ** TSX (2020-04-06) in CAD CA$0.47
Europe Energy Services Industry PE Ratio Median Figure of 31 Publicly-Listed Energy Services Companies 8.85x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Trican Well Service.

DB:TWZ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:TCW Share Price ÷ EPS (both in CAD)

= 0.47 ÷ -0.25

-1.88x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Trican Well Service is loss making, we can't compare its value to the Europe Energy Services industry average.
  • Trican Well Service is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Trican Well Service's expected growth come at a high price?
Raw Data
DB:TWZ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
13.4%per year
Europe Energy Services Industry PEG Ratio Median Figure of 20 Publicly-Listed Energy Services Companies 0.51x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Trican Well Service, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Trican Well Service's assets?
Raw Data
DB:TWZ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$2.73
TSX:TCW Share Price * TSX (2020-04-06) in CAD CA$0.47
Europe Energy Services Industry PB Ratio Median Figure of 70 Publicly-Listed Energy Services Companies 0.4x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:TWZ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:TCW Share Price ÷ Book Value per Share (both in CAD)

= 0.47 ÷ 2.73

0.17x

* Primary Listing of Trican Well Service.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Trican Well Service is good value based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess Trican Well Service's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. Trican Well Service has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TWZ Future Performance

 How is Trican Well Service expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Trican Well Service expected to grow at an attractive rate?
  • Unable to compare Trican Well Service's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Trican Well Service's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • Trican Well Service's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:TWZ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TWZ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 13.4%
DB:TWZ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts -12.7%
Europe Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 21.1%
Europe Energy Services Industry Revenue Growth Rate Market Cap Weighted Average -0.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:TWZ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TWZ Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 75
2021-12-31 508 39 -48 10
2020-12-31 481 50 -77 10
2020-04-06
DB:TWZ Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 636 29 -71
2019-09-30 660 79 -210
2019-06-30 778 123 -206
2019-03-31 840 107 -211
2018-12-31 864 101 -229
2018-09-30 1,013 156 -61
2018-06-30 1,122 158 -2
2018-03-31 1,087 124 40
2017-12-31 930 134 19
2017-09-30 764 24 62
2017-06-30 479 -26 0
2017-03-31 375 -31 -48

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Trican Well Service is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Trican Well Service's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:TWZ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Trican Well Service Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TWZ Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 -0.22 -0.17 -0.27 4.00
2020-12-31 -0.27 -0.25 -0.31 5.00
2020-04-06
DB:TWZ Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 -0.25
2019-09-30 -0.71
2019-06-30 -0.68
2019-03-31 -0.68
2018-12-31 -0.71
2018-09-30 -0.18
2018-06-30 -0.01
2018-03-31 0.13
2017-12-31 0.07
2017-09-30 0.25
2017-06-30 0.00
2017-03-31 -0.26

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Trican Well Service will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Trican Well Service's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Trican Well Service has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TWZ Past Performance

  How has Trican Well Service performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Trican Well Service's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Trican Well Service does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Trican Well Service's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Trican Well Service's 1-year growth to the Europe Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Trican Well Service's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Trican Well Service Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TWZ Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 636.07 -71.44 40.94
2019-09-30 659.95 -210.13 34.23
2019-06-30 777.59 -205.58 36.58
2019-03-31 839.55 -211.38 42.72
2018-12-31 864.48 -229.06 38.52
2018-09-30 1,012.95 -60.86 40.45
2018-06-30 1,122.02 -1.89 67.13
2018-03-31 1,087.23 40.01 62.51
2017-12-31 929.91 18.83 56.20
2017-09-30 764.19 61.84 68.63
2017-06-30 479.41 -0.06 38.23
2017-03-31 374.73 -48.14 45.18
2016-12-31 325.18 -40.94 48.04
2016-09-30 368.16 -114.09 31.06
2016-06-30 482.63 -88.13 28.17
2016-03-31 530.45 -84.90 24.27
2015-12-31 649.74 -60.66 23.35
2015-09-30 1,188.64 -32.63 51.87
2015-06-30 1,684.62 -5.43 72.86
2015-03-31 1,982.68 -13.39 87.49
2014-12-31 2,406.76 -3.71 110.02
2014-09-30 2,262.24 -36.43 112.73
2014-06-30 2,122.10 -68.73 115.72
2014-03-31 2,140.31 -79.70 118.54
2013-12-31 2,115.47 -45.85 114.84
2013-09-30 2,049.19 -32.77 117.70
2013-06-30 2,094.05 -15.90 119.92

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Trican Well Service has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Trican Well Service has efficiently used its assets last year compared to the Europe Energy Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Trican Well Service improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Trican Well Service's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Trican Well Service has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TWZ Health

 How is Trican Well Service's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Trican Well Service's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Trican Well Service is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Trican Well Service's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Trican Well Service's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Trican Well Service Company Filings, last reported 3 months ago.

DB:TWZ Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 741.11 46.22 7.20
2019-09-30 771.02 36.12
2019-06-30 794.49 11.98 24.47
2019-03-31 829.24 56.94 10.60
2018-12-31 844.14 39.11 8.25
2018-09-30 1,023.68 131.73 21.64
2018-06-30 1,074.17 62.67 11.44
2018-03-31 1,121.57 99.28 4.57
2017-12-31 1,176.05 98.19 12.74
2017-09-30 1,178.43 168.94 23.99
2017-06-30 1,130.31 176.03 21.55
2017-03-31 505.97 146.63 18.92
2016-12-31 567.72 221.30 48.32
2016-09-30 482.23 210.94 47.41
2016-06-30 509.48 244.19 22.16
2016-03-31 502.15 325.05 57.67
2015-12-31 552.00 556.68 49.12
2015-09-30 845.85 742.32 75.62
2015-06-30 993.72 673.78 37.55
2015-03-31 1,276.26 714.98 61.06
2014-12-31 1,286.23 766.68 82.42
2014-09-30 1,330.02 777.83 93.81
2014-06-30 1,284.01 714.17 108.14
2014-03-31 1,347.11 780.78 95.41
2013-12-31 1,350.50 659.59 63.87
2013-09-30 1,376.27 644.60 74.36
2013-06-30 1,373.64 623.62 52.39
  • Trican Well Service's level of debt (6.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (59.6% vs 6.2% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Trican Well Service has sufficient cash runway for 1.6 years based on current free cash flow.
  • Unable to confirm if Trican Well Service has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Trican Well Service's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Trican Well Service has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TWZ Dividends

 What is Trican Well Service's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Trican Well Service dividends. Estimated to be 0% next year.
If you bought €2,000 of Trican Well Service shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Trican Well Service's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Trican Well Service's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:TWZ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
Europe Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 6.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:TWZ Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.00 2.00
2020-12-31 0.00 2.00
2020-04-06
DB:TWZ Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2017-02-23 0.000 0.000
2016-11-09 0.000 0.000
2016-08-12 0.000 0.000
2016-05-05 0.000 0.000
2016-02-25 0.000 0.000
2015-11-13 0.000 0.000
2015-05-13 0.000 0.000
2014-11-04 0.300 5.837
2014-05-07 0.300 2.066
2013-11-06 0.300 2.243
2013-11-05 0.300 2.094
2013-05-08 0.300 2.076
2012-11-06 0.300 2.277
2012-05-09 0.300 2.458
2012-03-01 0.300 2.036
2012-02-28 0.300 1.652
2011-11-08 0.100 0.580
2011-05-09 0.100 0.484
2010-11-09 0.100 0.474
2010-11-08 0.100 0.525
2010-05-10 0.100 0.676
2009-11-10 0.100 0.734
2009-05-12 0.100 0.928

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Trican Well Service has not reported any payouts.
  • Unable to verify if Trican Well Service's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Trican Well Service's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Trican Well Service has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Trican Well Service's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Trican Well Service's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Trican Well Service afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Trican Well Service has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TWZ Management

 What is the CEO of Trican Well Service's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dale Dusterhoft
COMPENSATION CA$1,810,067
AGE 58
TENURE AS CEO 10.7 years
CEO Bio

Mr. Dale M. Dusterhoft has been the Chief Executive Officer of Trican Well Service Ltd. since August 1, 2009 and its President since May 3, 2016. Mr. Dusterhoft has been the Chief Executive Officer of Trican Well Service L.P since 1996. He joined Trican Well Service L.P in 1996 and served as its Senior Vice President of Technical Services. He served for 12 years with a major Canadian pressure pumping company where he held management positions in Operations, Sales and Engineering. He served as Senior Vice President of Trican Well Service Ltd. from February 2008 to August 1, 2009. From April 1998 to February 2008, Mr. Dusterhoft served as Vice President of Technical Services at Trican Well Service Ltd. from April 1998 to February 2008. He serves as a Director of Trican Well Service L.P. He served as Director of NexTier Oilfield Solutions Inc., since March 2016 until October 31, 2019. He has been a Director of Trican Well Service Ltd. since August 5, 2009. He was President of the Canadian Association of Drilling Engineers, the Canadian Section of the Society of Petroleum Engineers and a past member of the Industry Advisory Board of the Schulich School of Engineering at the University of Calgary. Mr. Dusterhoft is a member of the Institute of Corporate Directors and is on the board of the Alberta Children’s Hospital Foundation. Areas of Expertise: Financial Literacy; Oil & Gas Services Industry Knowledge & Experience; Petroleum Industry Knowledge & Experience; Corporate Finance; Operational Financial Skills; Health & Safety; Strategic Planning; Mergers & Acquisitions; Human Resources Management; Technology and/or Intellectual Property Commercialization; Sales & Marketing; Canadian Business Experience; U.S. Business Experience; International Business Experience; Internal & External Communications. Mr. Dusterhoft graduated from the University of Calgary in 1984 with a degree in Chemical Engineering.

CEO Compensation
  • Dale's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Dale's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Trican Well Service management team in years:

2.8
Average Tenure
  • The tenure for the Trican Well Service management team is about average.
Management Team

Dale Dusterhoft

TITLE
President
COMPENSATION
CA$2M
AGE
58
TENURE
10.7 yrs

Rob Skilnick

TITLE
Chief Financial Officer
COMPENSATION
CA$852K
TENURE
2.5 yrs

Rob Cox

TITLE
Senior Vice President of Operations
COMPENSATION
CA$846K
TENURE
2.8 yrs

Dave Westlund

TITLE
Vice President of Sales & Marketing
COMPENSATION
CA$907K
TENURE
2.8 yrs

Mike Baldwin

TITLE
Executive Vice President
COMPENSATION
CA$932K
AGE
48
TENURE
1.1 yrs

Chika Onwuekwe

TITLE
VP of Legal
TENURE
3.1 yrs
Board of Directors Tenure

Average tenure and age of the Trican Well Service board of directors in years:

2.4
Average Tenure
58
Average Age
  • The average tenure for the Trican Well Service board of directors is less than 3 years, this suggests a new board.
Board of Directors

Brad Fedora

TITLE
Independent Chairman of the Board
COMPENSATION
CA$159K
AGE
49
TENURE
0.9 yrs

Dale Dusterhoft

TITLE
President
COMPENSATION
CA$2M
AGE
58
TENURE
10.7 yrs

Kevin Nugent

TITLE
Independent Director
COMPENSATION
CA$180K
AGE
53
TENURE
12.1 yrs

G. Brooks

TITLE
Lead Independent Director
COMPENSATION
CA$179K
AGE
74
TENURE
0.9 yrs

Debbie Stein

TITLE
Independent Director
COMPENSATION
CA$153K
AGE
58
TENURE
3.9 yrs

Michael Rapps

TITLE
Independent Director
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Trican Well Service individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
18. Mar 20 Sell Bradley P. Fedora Individual 13. Sep 19 13. Sep 19 -812,290 €0.73 €-591,763
17. Mar 20 Buy G2S2 Capital Inc. Company 17. Mar 20 17. Mar 20 5,444,000 €0.30 €1,623,657
16. Mar 20 Buy G2S2 Capital Inc. Company 13. Mar 20 13. Mar 20 2,148,669 €0.32 €694,825
12. Mar 20 Buy G2S2 Capital Inc. Company 11. Mar 20 11. Mar 20 3,872,500 €0.38 €1,392,911
12. Mar 20 Buy Kevin Nugent Individual 12. Mar 20 12. Mar 20 50,000 €0.34 €16,812
11. Mar 20 Buy G2S2 Capital Inc. Company 10. Mar 20 10. Mar 20 643,900 €0.39 €247,071
06. Mar 20 Sell Robert Cox Individual 02. Mar 20 02. Mar 20 -10,295 €0.58 €-5,950
02. Dec 19 Buy G2S2 Capital Inc. Company 29. Nov 19 29. Nov 19 5,000 €0.63 €3,158
21. Nov 19 Buy G2S2 Capital Inc. Company 21. Nov 19 21. Nov 19 56,500 €0.57 €32,287
21. Nov 19 Buy Clarke Inc. Company 18. Nov 19 20. Nov 19 775,000 €0.58 €450,976
15. Nov 19 Buy Clarke Inc. Company 11. Nov 19 13. Nov 19 2,202,500 €0.60 €1,315,410
06. Oct 19 Buy Clarke Inc. Company 01. Oct 19 04. Oct 19 1,184,300 €0.68 €795,799
02. Oct 19 Buy Clarke Inc. Company 27. Sep 19 30. Sep 19 357,800 €0.69 €248,089
26. Sep 19 Buy Clarke Inc. Company 25. Sep 19 25. Sep 19 202,800 €0.69 €139,476
03. Sep 19 Buy Clarke Inc. Company 30. Aug 19 03. Sep 19 239,500 €0.64 €151,555
28. Aug 19 Buy Clarke Inc. Company 27. Aug 19 28. Aug 19 1,507,700 €0.63 €952,221
19. Aug 19 Buy G2S2 Capital Inc. Company 14. Aug 19 14. Aug 19 274,100 €0.59 €156,967
19. Aug 19 Buy Clarke Inc, Pension Plan Company 14. Aug 19 14. Aug 19 81,000 €0.57 €46,409
19. Aug 19 Buy Clarke Inc. Company 14. Aug 19 15. Aug 19 993,000 €0.57 €570,417
13. Aug 19 Buy G2S2 Capital Inc. Company 12. Aug 19 13. Aug 19 445,900 €0.59 €259,297
13. Aug 19 Buy Clarke Inc, Pension Plan Company 12. Aug 19 12. Aug 19 69,000 €0.57 €39,459
13. Aug 19 Buy Clarke Inc. Company 12. Aug 19 12. Aug 19 533,000 €0.57 €304,805
12. Aug 19 Buy Clarke Inc, Pension Plan Company 09. Aug 19 09. Aug 19 10,000 €0.57 €5,727
12. Aug 19 Buy Clarke Inc. Company 07. Aug 19 09. Aug 19 622,000 €0.57 €355,448
07. Aug 19 Buy Clarke Inc. Company 06. Aug 19 07. Aug 19 250,000 €0.57 €142,254
28. May 19 Buy Chika Onwuekwe Individual 13. May 19 13. May 19 5,147 €0.91 €4,660
X
Management checks
We assess Trican Well Service's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Trican Well Service has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TWZ News

Simply Wall St News

TWZ Company Info

Description

Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in Canada. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design solutions, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services; and cement pumpers, bulk equipment, and cement auxiliary equipment. It also provides reservoir solutions, such as exploration, production analysis, and simulation and modeling services; coiled tubing solutions that include coiled tubing fracturing and acidizing, specially designed tools, in-house engineering, well cleanouts, milling, high pressure jetting, e-coil (smart coil), nitrogen gas lifting, and production enhancement, as well as equipment and tools; and acidizing and production enhancement services comprising production and injection well enhancement services, and equipment. In addition, the company offers pipeline services comprising nitrogen, commissioning, operating, and abandonment services; well intervention tools; fracturing solutions and equipment; and industrial services, such as chemical, mechanical, and bundle cleaning services. Trican Well Service Ltd. was founded in 1979 and is headquartered in Calgary, Canada.

Details
Name: Trican Well Service Ltd.
TWZ
Exchange: DB
Founded: 1979
CA$78,824,438
267,081,435
Website: http://www.tricanwellservice.com
Address: Trican Well Service Ltd.
645 – 7th Avenue SW,
Suite 2900,
Calgary,
Alberta, T2P 4G8,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX TCW Common Shares The Toronto Stock Exchange CA CAD 11. Dec 1996
OTCPK TOLW.F Common Shares Pink Sheets LLC US USD 11. Dec 1996
DB TWZ Common Shares Deutsche Boerse AG DE EUR 11. Dec 1996
Number of employees
Current staff
Staff numbers
1,955
Trican Well Service employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 21:54
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/02/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.