Added to YB: 2024-03-12
Pitch date: 2024-03-11
TOT.TO [bullish]
Total Energy Services Inc.
+69.32%
current return
Author Info
Petty Cash shares microcap investing ideas (mainly in Canada) in their newsletter. Sign up for the newsletter.
Company Info
Total Energy Services Inc. operates as an energy services company primarily in Canada, the United States, Australia, and internationally.
Market Cap
CAD 500.5M
Pitch Price
CAD 9.17
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.09
P/E
8.53
EV/Sales
0.54
Sector
Energy Equipment and Services
Category
dividend
Total Energy Services Quick Update - $TOT.to
TOT.TO: Q4 Rev +1% to $213.8M, EBITDA +26% to $45.3M despite tax costs. Dividend +13% to $0.09/sh. Drilling Rev +8%, Rentals down -2%, Compression +2%, Well Service -16%. $384M MC, $469M EV minus Saxon deal. 3.8% yield, +6% 1Y performance. Focus on integration, rig upgrades, and potential buybacks. Trading <3x EV/2024E EBITDA and around 5-6x FCF; stable activity supports valuation. Dean is long TOT.to.
Read full article (2 min)