Recent News
On May 27, 2026 Enerflex published its 2026 Investor Update presentation outlining the company’s outlook, strategic priorities and capital-allocation framework. On June 24, 2026 Enerflex announced an amended and restated syndicated secured revolving credit agreement and disclosed timing for the company’s second-quarter financial and operational results release.
Technical Analysis
Directional indicators (ADX / DI+ / DI-): ADX at 29.01 signals a strong directional trend. DI- shows a dip & reversal (30.5), while DI+ shows a peak & reversal (15.11); those directional patterns align with increasing negative directional pressure and a bias toward lower prices in the near term.
MACD and momentum: MACD stands at -0.67 and the MACD trend is decreasing; the MACD sits below the signal line (-0.55), indicating bearish momentum and no bullish crossover present to suggest catch-up strength.
MRO (Momentum/Regression Oscillator): MRO reads 4.9 (positive). A positive MRO indicates current price above the model target and therefore mechanical downward potential; the MRO has peaked and reversed, which supports further mean reversion toward valuation-implied levels.
RSI: RSI at 41.61 with a dip & reversal indicates the oscillator recently pulled back and shows tentative stabilization below neutral, consistent with weak-to-modest selling pressure rather than an oversold rebound.
Price vs. moving averages & cloud: Last close $20.68 sits above the 200-day average ($20.05) but below the 20-day ($22.41), 12-day EMA ($22.14), 26-day EMA ($22.86) and 50-day average ($23.84). The 12-day EMA trend is decreasing. This configuration places price beneath short- and intermediate-term trend lines while retaining longer-term support near the 200‑day average.
Bollinger bands, Ichimoku & SuperTrend: Price trades near the lower Bollinger band (1x lower $21.30; 2x lower $20.19) and below the Ichimoku Tenkan ($22.16) and Kijun ($22.65) levels. SuperTrend upper band at $23.17 acts as a proximate resistance barrier to upside attempts, reinforcing the technical bias toward consolidation or further pullback.
Volume and volatility: Daily volume (747,427) exceeds the 10-day average (628,156) and the 200-day average (528,029), showing active participation in recent moves. 42-day and 52-week volatility both register 3% (0.03), suggesting historically muted realized volatility even as momentum indicators turn negative.
Fundamental Analysis
Profitability and operating performance: Total revenue totaled $584,000,000 with gross profit $145,000,000. EBIT reached $74,000,000 and EBITDA $111,000,000. EBIT margin stands at 12.67%, up 14.90% QoQ and up 5.97% YoY. That EBIT margin sits above the industry peer mean of 11.45% but below the industry peer median of 20.65%, indicating profitability ahead of the average peer but short of the peer median.
Margins and coverage: Operating margin equals 11.30% and return-on-equity equals 3.77%. Interest coverage sits at 6.73x, providing a reasonable buffer against interest costs given current leverage levels. Dividend payout ratio measures 9.30% and dividend yield registers 0.15%.
Liquidity and leverage: Current ratio equals 1.20 and quick ratio 0.88, both improved modestly QoQ. Total debt $621,000,000 with net debt $505,000,000 produces debt-to-EBITDA of 5.59x and debt-to-equity of 54.47%. Debt-to-assets equals 22.90%, below the industry peer mean of 32.05% but within the industry peer range. The amended revolving credit agreement announced in June reinforces near-term liquidity availability.
Cash flow and capital allocation: Operating cash flow reached $32,000,000 and free cash flow $16,000,000, producing a free cash flow yield of 0.59%. Free cash flow growth shows a decline year-over-year and QoQ, and free-cash-to-net-income equals 37.21%. Management targets capital spending for 2026 (presentation guidance) that will weigh on free cash generation while supporting backlog execution.
Growth and efficiency: Asset turnover equals 0.216 (above the industry peer mean of 0.1469), showing relatively efficient use of assets to generate revenue. Receivables and inventory turnover show modest QoQ improvements. Revenue growth figures show mixed timing: reported overall revenue growth reads -6.86% while the supplied year‑over‑year figure converts to 327.56% as provided; reconcile that with company disclosures for precise context when needed.
Valuation: WMDST values the stock as under-valued. Market capitalization stands near $2.70B with enterprise value about $3.27B and an enterprise multiple of 29.48. Trailing PE equals 62.90 while forward PE equals 36.72. Price-to-book equals 2.37 and price-target mean provided at $27.15 sits materially above the close ($20.68), supporting the WMDST under‑valued assessment when combining multiples and model outputs.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-05-07 |
| NEXT REPORT DATE: | 2026-08-06 |
| CASH FLOW | Begin Period Cash Flow | $ 81.0 M |
| Operating Cash Flow | $ 32.0 M | |
| Capital Expenditures | $ -16.00 M | |
| Change In Working Capital | $ -63.00 M | |
| Dividends Paid | $ -4.00 M | |
| Cash Flow Delta | $ -34.00 M | |
| End Period Cash Flow | $ 47.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 584.0 M | |
| Forward Revenue | $ 204.3 M | |
| COSTS | ||
| Cost Of Revenue | $ 439.0 M | |
| Depreciation | $ 37.0 M | |
| Depreciation and Amortization | $ 37.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 518.0 M | |
| PROFITABILITY | ||
| Gross Profit | $ 145.0 M | |
| EBITDA | $ 111.0 M | |
| EBIT | $ 74.0 M | |
| Operating Income | $ 66.0 M | |
| Interest Income | $ 1.0 M | |
| Interest Expense | $ 11.0 M | |
| Net Interest Income | $ -10.00 M | |
| Income Before Tax | $ 63.0 M | |
| Tax Provision | $ 20.0 M | |
| Tax Rate | 31.746 % | |
| Net Income | $ 43.0 M | |
| Net Income From Continuing Operations | $ 43.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.38 | |
| EPS Actual | $ 0.38 | |
| EPS Difference | $ 0.00 | |
| EPS Surprise | 0.65 % | |
| Forward EPS | $ 0.49 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 2.7 B | |
| Intangible Assets | $ 440.0 M | |
| Net Tangible Assets | $ 700.0 M | |
| Total Current Assets | $ 1.1 B | |
| Cash and Short-Term Investments | $ 47.0 M | |
| Cash | $ 47.0 M | |
| Net Receivables | $ 368.0 M | |
| Inventory | $ 279.0 M | |
| Long-Term Investments | $ 197.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 346.0 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 874.0 M | |
| Net Debt | $ 505.0 M | |
| Total Debt | $ 621.0 M | |
| Total Liabilities | $ 1.6 B | |
| EQUITY | ||
| Total Equity | $ 1.1 B | |
| Retained Earnings | $ 169.0 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 9.30 | |
| Shares Outstanding | 122.578 M | |
| Revenue Per-Share | $ 4.76 | |
| VALUATION | Market Capitalization | $ 2.7 B |
| Enterprise Value | $ 3.3 B | |
| Enterprise Multiple | 29.482 | |
| Enterprise Multiple QoQ | -48.503 % | |
| Enterprise Multiple YoY | 100.055 % | |
| Enterprise Multiple IPRWA | high: 163.309 median: 46.527 mean: 36.837 EFXT: 29.482 low: -109.769 |
|
| EV/R | 5.604 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.379 | |
| Asset To Liability | 1.725 | |
| Debt To Capital | 0.353 | |
| Debt To Assets | 0.229 | |
| Debt To Assets QoQ | -5.676 % | |
| Debt To Assets YoY | -10.677 % | |
| Debt To Assets IPRWA | high: 1.002 mean: 0.32 median: 0.318 EFXT: 0.229 low: 0.0 |
|
| Debt To Equity | 0.545 | |
| Debt To Equity QoQ | -8.96 % | |
| Debt To Equity YoY | -17.171 % | |
| Debt To Equity IPRWA | high: 6.1 mean: 1.242 EFXT: 0.545 median: 0.443 low: -3.458 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.367 | |
| Price To Book QoQ | 29.154 % | |
| Price To Book YoY | 176.478 % | |
| Price To Book IPRWA | high: 12.327 mean: 4.062 median: 3.029 EFXT: 2.367 low: -1.624 |
|
| Price To Earnings (P/E) | 62.898 | |
| Price To Earnings QoQ | -153.542 % | |
| Price To Earnings YoY | 61.204 % | |
| Price To Earnings IPRWA | high: 281.53 median: 94.577 mean: 90.873 EFXT: 62.898 low: -114.835 |
|
| PE/G Ratio | -0.357 | |
| Price To Sales (P/S) | 4.621 | |
| Price To Sales QoQ | 44.627 % | |
| Price To Sales YoY | 177.129 % | |
| Price To Sales IPRWA | high: 36.094 mean: 10.749 median: 9.113 EFXT: 4.621 low: 0.187 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 36.725 | |
| Forward PE/G | -0.209 | |
| Forward P/S | 12.426 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -201.223 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.216 | |
| Asset Turnover Ratio QoQ | -4.394 % | |
| Asset Turnover Ratio YoY | 8.6 % | |
| Asset Turnover Ratio IPRWA | high: 0.431 EFXT: 0.216 median: 0.153 mean: 0.147 low: 0.014 |
|
| Receivables Turnover | 1.676 | |
| Receivables Turnover Ratio QoQ | 3.164 % | |
| Receivables Turnover Ratio YoY | 14.145 % | |
| Receivables Turnover Ratio IPRWA | high: 5.97 mean: 2.129 EFXT: 1.676 median: 1.51 low: 0.552 |
|
| Inventory Turnover | 1.571 | |
| Inventory Turnover Ratio QoQ | -0.86 % | |
| Inventory Turnover Ratio YoY | 14.095 % | |
| Inventory Turnover Ratio IPRWA | high: 39.716 mean: 4.671 EFXT: 1.571 median: 1.434 low: 0.015 |
|
| Days Sales Outstanding (DSO) | 54.453 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 38.334 | |
| Cash Conversion Cycle Days QoQ | 1.477 % | |
| Cash Conversion Cycle Days YoY | -8.014 % | |
| Cash Conversion Cycle Days IPRWA | high: 283.844 mean: 66.887 median: 60.333 EFXT: 38.334 low: -88.487 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 3.281 | |
| CapEx To Revenue | -0.027 | |
| CapEx To Depreciation | -0.432 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.7 B | |
| Net Invested Capital | $ 1.7 B | |
| Invested Capital | $ 1.7 B | |
| Net Tangible Assets | $ 700.0 M | |
| Net Working Capital | $ 178.0 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.054 | |
| Current Ratio | 1.204 | |
| Current Ratio QoQ | 6.654 % | |
| Current Ratio YoY | 7.586 % | |
| Current Ratio IPRWA | high: 6.859 mean: 1.895 median: 1.408 EFXT: 1.204 low: 0.13 |
|
| Quick Ratio | 0.884 | |
| Quick Ratio QoQ | 9.189 % | |
| Quick Ratio YoY | 14.865 % | |
| Quick Ratio IPRWA | high: 5.535 mean: 1.389 median: 1.138 EFXT: 0.884 low: 0.113 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 5.595 | |
| Cost Of Debt | 1.178 % | |
| Interest Coverage Ratio | 6.727 | |
| Interest Coverage Ratio QoQ | 2725.397 % | |
| Interest Coverage Ratio YoY | 134.435 % | |
| Interest Coverage Ratio IPRWA | high: 25.845 EFXT: 6.727 median: 6.471 mean: 5.635 low: -26.862 |
|
| Operating Cash Flow Ratio | 0.005 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 68.815 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 10.75 | |
| Dividend Payout Ratio | 0.093 | |
| Dividend Rate | $ 0.03 | |
| Dividend Yield | 0.001 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 0.668 % | |
| Revenue Growth | -6.858 % | |
| Revenue Growth QoQ | -64.476 % | |
| Revenue Growth YoY | 327.556 % | |
| Revenue Growth IPRWA | high: 48.677 % median: -0.965 % mean: -2.849 % EFXT: -6.858 % low: -43.885 % |
|
| Earnings Growth | -176.087 % | |
| Earnings Growth QoQ | 31.265 % | |
| Earnings Growth YoY | -401.865 % | |
| Earnings Growth IPRWA | high: 350.0 % mean: 20.284 % median: -8.571 % EFXT: -176.087 % low: -400.0 % |
|
| MARGINS | ||
| Gross Margin | 24.829 % | |
| Gross Margin QoQ | 8.866 % | |
| Gross Margin YoY | 7.077 % | |
| Gross Margin IPRWA | high: 94.558 % EFXT: 24.829 % median: 23.481 % mean: 20.808 % low: -57.055 % |
|
| EBIT Margin | 12.671 % | |
| EBIT Margin QoQ | 1489.837 % | |
| EBIT Margin YoY | 5.971 % | |
| EBIT Margin IPRWA | high: 96.462 % median: 20.647 % EFXT: 12.671 % mean: 11.451 % low: -86.631 % |
|
| Return On Sales (ROS) | 11.301 % | |
| Return On Sales QoQ | 14.29 % | |
| Return On Sales YoY | -5.486 % | |
| Return On Sales IPRWA | high: 96.462 % median: 12.747 % EFXT: 11.301 % mean: 10.392 % low: -59.441 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 16.0 M | |
| Free Cash Flow Yield | 0.593 % | |
| Free Cash Flow Yield QoQ | -84.771 % | |
| Free Cash Flow Yield YoY | -93.344 % | |
| Free Cash Flow Yield IPRWA | high: 9.108 % EFXT: 0.593 % mean: 0.335 % median: 0.28 % low: -13.958 % |
|
| Free Cash Growth | -79.487 % | |
| Free Cash Growth QoQ | -640.507 % | |
| Free Cash Growth YoY | -212.217 % | |
| Free Cash Growth IPRWA | high: 408.108 % mean: -69.578 % EFXT: -79.487 % median: -87.237 % low: -398.203 % |
|
| Free Cash To Net Income | 0.372 | |
| Cash Flow Margin | 0.685 % | |
| Cash Flow To Earnings | 0.093 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 1.591 % | |
| Return On Assets QoQ | -177.459 % | |
| Return On Assets YoY | 83.931 % | |
| Return On Assets IPRWA | high: 5.411 % median: 1.833 % EFXT: 1.591 % mean: 0.753 % low: -10.202 % |
|
| Return On Capital Employed (ROCE) | 4.026 % | |
| Return On Equity (ROE) | 0.038 | |
| Return On Equity QoQ | -172.33 % | |
| Return On Equity YoY | 68.921 % | |
| Return On Equity IPRWA | high: 0.25 mean: 0.052 EFXT: 0.038 median: 0.033 low: -0.135 |
|
| DuPont ROE | 3.851 % | |
| Return On Invested Capital (ROIC) | 2.985 % | |
| Return On Invested Capital QoQ | 1075.197 % | |
| Return On Invested Capital YoY | -8.799 % | |
| Return On Invested Capital IPRWA | high: 7.2 % EFXT: 2.985 % mean: 2.855 % median: 2.822 % low: -5.257 % |
|