Calfrac Well Services Ltd.

TSX:CFW Stock Report

Market Cap: CA$675.8m

Calfrac Well Services Valuation

Is CFW undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of CFW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: CFW (CA$6.06) is trading below our estimate of future cash flow value (CA$31.24)

Significantly Below Future Cash Flow Value: CFW is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CFW?

Key metric: As CFW is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CFW. This is calculated by dividing CFW's market cap by their current earnings.
What is CFW's PE Ratio?
PE Ratio11.5x
EarningsCA$53.02m
Market CapCA$675.81m

Price to Earnings Ratio vs Peers

How does CFW's PE Ratio compare to its peers?

The above table shows the PE ratio for CFW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average38.8x
MATR Mattr
104.8x57.82%CA$827.4m
TOT Total Energy Services
11.4x12.68%CA$948.5m
NOA North American Construction Group
15.9x33.26%CA$541.7m
PSI Pason Systems
23.3x31.47%CA$1.1b
CFW Calfrac Well Services
11.5x31.70%CA$675.8m

Price-To-Earnings vs Peers: CFW is good value based on its Price-To-Earnings Ratio (11.5x) compared to the peer average (38.8x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does CFW's PE Ratio compare vs other companies in the CA Energy Services Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
CWC CWC Energy Services
2.1xn/aUS$59.79m
No more companies available in this PE range
CFW 11.5xIndustry Avg. 23.3xNo. of Companies5PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CFW is good value based on its Price-To-Earnings Ratio (11.5x) compared to the North American Energy Services industry average (24.2x).

Price to Earnings Ratio vs Fair Ratio

What is CFW's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CFW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.5x
Fair PE Ratio19.3x

Price-To-Earnings vs Fair Ratio: CFW is good value based on its Price-To-Earnings Ratio (11.5x) compared to the estimated Fair Price-To-Earnings Ratio (19.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CFW forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$6.06
CA$7.83
+29.26%
3.01%CA$8.00CA$7.50n/a3
May ’27CA$5.41
CA$7.58
+40.17%
4.11%CA$8.00CA$7.25n/a3
Mar ’27CA$5.65
CA$5.75
+1.77%
9.39%CA$6.50CA$5.25n/a3
Feb ’27CA$4.99
CA$5.25
+5.21%
3.89%CA$5.50CA$5.00n/a3
Jan ’27CA$4.17
CA$4.42
+5.92%
9.62%CA$5.00CA$4.00n/a3
Dec ’26CA$3.51
CA$4.50
+28.21%
11.11%CA$5.00CA$4.00n/a2
Nov ’26CA$3.06
CA$4.75
+55.23%
15.79%CA$5.50CA$4.00n/a2
Oct ’26CA$3.46
CA$4.75
+37.28%
15.79%CA$5.50CA$4.00n/a2
Sep ’26CA$3.38
CA$4.50
+33.14%
15.71%CA$5.50CA$4.00n/a3
Aug ’26CA$3.88
CA$4.17
+7.39%
14.97%CA$5.00CA$3.50n/a3
Jul ’26CA$3.43
CA$4.17
+21.48%
14.97%CA$5.00CA$3.50n/a3
Jun ’26CA$3.27
CA$4.08
+24.87%
17.56%CA$5.00CA$3.25CA$6.583
May ’26CA$3.32
CA$4.58
+38.05%
15.64%CA$5.50CA$3.75CA$5.413
Apr ’26CA$3.81
CA$4.92
+29.05%
8.64%CA$5.50CA$4.50CA$6.473
Mar ’26CA$3.87
CA$5.17
+33.51%
4.56%CA$5.50CA$5.00CA$5.653
Feb ’26CA$3.78
CA$5.17
+36.68%
4.56%CA$5.50CA$5.00CA$4.993
Jan ’26CA$3.79
CA$5.17
+36.32%
4.56%CA$5.50CA$5.00CA$4.173
Dec ’25CA$3.91
CA$5.08
+30.01%
10.11%CA$5.75CA$4.50CA$3.513
Nov ’25CA$3.91
CA$5.17
+32.14%
4.56%CA$5.50CA$5.00CA$3.063
Oct ’25CA$3.89
CA$5.17
+32.82%
4.56%CA$5.50CA$5.00CA$3.463
Sep ’25CA$4.09
CA$5.33
+30.40%
8.84%CA$6.00CA$5.00CA$3.383
Aug ’25CA$4.34
CA$5.00
+15.21%
8.17%CA$5.50CA$4.50CA$3.883
Jul ’25CA$4.25
CA$5.17
+21.57%
12.07%CA$6.00CA$4.50CA$3.433
Jun ’25CA$4.17
CA$5.06
+21.40%
12.28%CA$6.00CA$4.50CA$3.274
CA$7.83
Fair Value
22.6% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/05 05:02
End of Day Share Price 2026/06/05 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Calfrac Well Services Ltd. is covered by 22 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tim MonachelloATB Cormark
Garett UrsuATB Cormark Historical (Cormark Securities)
Sean MeakimBarclays