Added to YB: 2026-07-02
Pitch date: 2026-04-23
TOT.TO [bullish]
Total Energy Services Inc.
-3.96%
current return
Author Info
No bio for this author
Company Info
Total Energy Services Inc. operates as an energy services company primarily in Canada, the United States, Australia, and internationally.
Market Cap
CAD 809.6M
Pitch Price
CAD 22.99
Price Target
35.00 (+59%)
Dividend
2.17%
EV/EBITDA
4.22
P/E
10.47
EV/Sales
0.70
Sector
Energy Equipment and Services
Category
value
Total Energy Services Inc. - $TOT.TO
TOT.TO: Diversified Calgary OFS play (drilling, gas compression, rentals, well servicing) w/ top-3 Canadian share (~70% w/ PD/ESI) & Australian duopoly (66% share, LNG-linked inelastic demand). Compression backlog +136% to $447M on LNG/data center buildout. CEO Halyk owns 8.5%, 18% equity CAGR since IPO, net cash BS, ~14% 2026E FCF yield. DCF fair value $35/sh (+51%) on 5.5x EBITDA terminal, understates M&A optionality. Catalysts: accretive M&A, buybacks (share count -21% since 2017), gas volume growth. Risks: cyclicality, rig obsolescence, drilling efficiencies.
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