Calfrac Well Services Ltd
Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, and Argentina. The company offers hydraulic fracturing, coiled tubing, cementing, and other well completion services for the oil and natural gas industries. Calfrac Well Services Ltd. was founded in 1999 and is headquartered in Calgary, Canada.
Calfrac Well Services Ltd (CFWFF) - Net Assets
Latest net assets as of September 2025: $667.90 Million USD
Based on the latest financial reports, Calfrac Well Services Ltd (CFWFF) has net assets worth $667.90 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.23 Billion) and total liabilities ($559.42 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $667.90 Million |
| % of Total Assets | 54.42% |
| Annual Growth Rate | 11.6% |
| 5-Year Change | 59.26% |
| 10-Year Change | 4.75% |
| Growth Volatility | 33.55 |
Calfrac Well Services Ltd - Net Assets Trend (1996–2024)
This chart illustrates how Calfrac Well Services Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Calfrac Well Services Ltd (1996–2024)
The table below shows the annual net assets of Calfrac Well Services Ltd from 1996 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $653.33 Million | +6.08% |
| 2023-12-31 | $615.90 Million | +45.61% |
| 2022-12-31 | $422.97 Million | +28.63% |
| 2021-12-31 | $328.84 Million | -19.84% |
| 2020-12-31 | $410.23 Million | +11.29% |
| 2019-12-31 | $368.62 Million | -28.26% |
| 2018-12-31 | $513.82 Million | -5.49% |
| 2017-12-31 | $543.64 Million | +9.28% |
| 2016-12-31 | $497.46 Million | -20.24% |
| 2015-12-31 | $623.72 Million | -25.07% |
| 2014-12-31 | $832.40 Million | +4.68% |
| 2013-12-31 | $795.21 Million | +1.85% |
| 2012-12-31 | $780.76 Million | +11.45% |
| 2011-12-31 | $700.57 Million | +35.34% |
| 2010-12-31 | $517.64 Million | +12.51% |
| 2009-12-31 | $460.10 Million | +16.92% |
| 2008-12-31 | $393.52 Million | +12.14% |
| 2007-12-31 | $350.92 Million | +15.62% |
| 2006-12-31 | $303.51 Million | +29.69% |
| 2005-12-31 | $234.02 Million | +33.29% |
| 2004-12-31 | $175.58 Million | +140.23% |
| 2003-12-31 | $73.09 Million | -17.09% |
| 2002-12-31 | $88.15 Million | +9.58% |
| 2001-12-31 | $80.44 Million | +7.56% |
| 2000-12-31 | $74.79 Million | +13.66% |
| 1999-12-31 | $65.80 Million | +23.22% |
| 1998-12-31 | $53.40 Million | -5.99% |
| 1997-12-31 | $56.80 Million | +88.08% |
| 1996-12-31 | $30.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Calfrac Well Services Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1356.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $911.78 Million | 139.56% |
| Other Comprehensive Income | $43.88 Million | 6.72% |
| Other Components | $77.16 Million | 11.81% |
| Total Equity | $653.33 Million | 100.00% |
Calfrac Well Services Ltd Competitors by Market Cap
The table below lists competitors of Calfrac Well Services Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sphera Franchise Group SA MiFID Eligible Security
RO:SFG
|
$98.03 Million |
|
Carnarvon Energy Ltd
AU:CVN
|
$98.07 Million |
|
Anteris Technologies Ltd
PINK:AMEUF
|
$98.07 Million |
|
Humm Group Ltd
AU:HUM
|
$98.09 Million |
|
LGI Ltd
AU:LGI
|
$97.91 Million |
|
Alligator Energy Ltd
AU:AGE
|
$97.88 Million |
|
LVMC Holdings
KO:900140
|
$97.88 Million |
|
Newmax Technology Co Ltd
TWO:3630
|
$97.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Calfrac Well Services Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 615,903,000 to 653,330,000, a change of 37,427,000 (6.1%).
- Net income of 10,382,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 27,676,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $10.38 Million | +1.59% |
| Other Comprehensive Income | $27.68 Million | +4.24% |
| Other Changes | $-631.00K | -0.1% |
| Total Change | $- | 6.08% |
Book Value vs Market Value Analysis
This analysis compares Calfrac Well Services Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.33x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.10x to 0.33x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | $24.11 | $2.46 | x |
| 1997-12-31 | $44.20 | $2.46 | x |
| 1998-12-31 | $40.45 | $2.46 | x |
| 1999-12-31 | $53.50 | $2.46 | x |
| 2000-12-31 | $58.82 | $2.46 | x |
| 2001-12-31 | $61.76 | $2.46 | x |
| 2002-12-31 | $64.09 | $2.46 | x |
| 2003-12-31 | $51.60 | $2.46 | x |
| 2004-12-31 | $138.51 | $2.46 | x |
| 2005-12-31 | $159.61 | $2.46 | x |
| 2006-12-31 | $218.30 | $2.46 | x |
| 2007-12-31 | $240.10 | $2.46 | x |
| 2008-12-31 | $255.67 | $2.46 | x |
| 2009-12-31 | $298.85 | $2.46 | x |
| 2010-12-31 | $295.90 | $2.46 | x |
| 2011-12-31 | $394.64 | $2.46 | x |
| 2012-12-31 | $436.10 | $2.46 | x |
| 2013-12-31 | $432.61 | $2.46 | x |
| 2014-12-31 | $439.63 | $2.46 | x |
| 2015-12-31 | $326.58 | $2.46 | x |
| 2016-12-31 | $215.89 | $2.46 | x |
| 2017-12-31 | $200.07 | $2.46 | x |
| 2018-12-31 | $174.97 | $2.46 | x |
| 2019-12-31 | $127.49 | $2.46 | x |
| 2020-12-31 | $97.14 | $2.46 | x |
| 2021-12-31 | $3.84 | $2.46 | x |
| 2022-12-31 | $5.00 | $2.46 | x |
| 2023-12-31 | $6.98 | $2.46 | x |
| 2024-12-31 | $7.55 | $2.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Calfrac Well Services Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.59%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.66%
- • Asset Turnover: 1.27x
- • Equity Multiplier: 1.89x
- Recent ROE (1.59%) is below the historical average (6.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 165.89% | 56.36% | 0.54x | 5.44x | $47.08 Million |
| 1997 | 45.25% | 35.16% | 0.36x | 3.63x | $20.02 Million |
| 1998 | -6.18% | -6.30% | 0.25x | 3.89x | $-8.64 Million |
| 1999 | 18.69% | 60.00% | 0.10x | 3.04x | $5.72 Million |
| 2000 | 12.08% | 22.68% | 0.24x | 2.22x | $1.55 Million |
| 2001 | 5.87% | 14.82% | 0.18x | 2.16x | $-3.33 Million |
| 2002 | 3.48% | 8.08% | 0.22x | 1.93x | $-5.75 Million |
| 2003 | -21.83% | -44.75% | 0.24x | 2.03x | $-23.26 Million |
| 2004 | 26.08% | 18.90% | 0.91x | 1.52x | $28.13 Million |
| 2005 | 25.69% | 19.12% | 0.93x | 1.44x | $36.71 Million |
| 2006 | 23.87% | 16.99% | 0.94x | 1.50x | $42.10 Million |
| 2007 | 10.99% | 8.38% | 0.82x | 1.59x | $3.48 Million |
| 2008 | 4.54% | 3.17% | 0.82x | 1.76x | $-21.48 Million |
| 2009 | -1.20% | -0.94% | 0.70x | 1.83x | $-51.53 Million |
| 2010 | 9.56% | 5.29% | 0.84x | 2.16x | $-2.25 Million |
| 2011 | 26.75% | 12.19% | 1.09x | 2.01x | $117.37 Million |
| 2012 | 12.43% | 6.09% | 1.05x | 1.95x | $18.98 Million |
| 2013 | 3.50% | 1.78% | 0.84x | 2.35x | $-51.76 Million |
| 2014 | 8.04% | 2.68% | 1.16x | 2.59x | $-16.36 Million |
| 2015 | -35.31% | -14.82% | 0.82x | 2.89x | $-284.35 Million |
| 2016 | -39.10% | -26.97% | 0.46x | 3.18x | $-248.75 Million |
| 2017 | 1.06% | 0.39% | 0.86x | 3.19x | $-49.87 Million |
| 2018 | -3.54% | -0.81% | 1.27x | 3.47x | $-69.57 Million |
| 2019 | -42.37% | -9.64% | 1.06x | 4.14x | $-193.07 Million |
| 2020 | -79.04% | -45.96% | 0.77x | 2.22x | $-365.26 Million |
| 2021 | -25.18% | -8.26% | 1.12x | 2.72x | $-115.70 Million |
| 2022 | 8.35% | 2.35% | 1.51x | 2.35x | $-6.99 Million |
| 2023 | 30.96% | 10.23% | 1.66x | 1.83x | $129.08 Million |
| 2024 | 1.59% | 0.66% | 1.27x | 1.89x | $-54.95 Million |
Industry Comparison
This section compares Calfrac Well Services Ltd's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $5,464,315,253
- Average return on equity (ROE) among peers: -34.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Calfrac Well Services Ltd (CFWFF) | $667.90 Million | 165.89% | 0.84x | $97.96 Million |
| ProFrac Holding Corp. (ACDC) | $1.33 Billion | -7.35% | 1.31x | $222.04 Million |
| Atlas Energy Solutions Inc. (AESI) | $867.82 Million | 18.44% | 0.45x | $1.34 Billion |
| Akastor ASA (AKKVF) | $13.55 Billion | 9.27% | 2.55x | $54.21 Million |
| Andatee China Marine Fuel Services (AMCF) | $18.84 Million | 34.05% | 1.21x | $0.98 |
| Archrock Inc (AROC) | $2.23 Billion | -42.52% | 1.73x | $6.15 Billion |
| Anton Oilfield Services Group (ATONY) | $2.15 Billion | -9.22% | 2.02x | $381.63 Million |
| Auri Inc (AURI) | $-2.74 Million | 0.00% | 0.00x | $1.91 |
| Baker Hughes Co (BKR) | $34.50 Billion | 0.37% | 0.55x | $56.21 Billion |
| Kbridge Energy Corp (BMMCF) | $-341.75K | 0.00% | 0.00x | $880.54 |
| Bri-Chem Corp (BRYFF) | $131.44K | -348.83% | 2.61x | $4.32 Million |