Recent News
May 27, 2026 — Enerflex published its 2026 Investor Update presentation outlining strategic priorities and capital allocation. June 24, 2026 — the company amended and restated its syndicated secured revolving credit facility, extending the RCF maturity and reinforcing liquidity. July 13, 2026 — director Fernando Assing announced his resignation effective July 17, 2026; the Board initiated a search for a replacement. May 6, 2026 — shareholders approved the election of the company’s slate of directors at the annual meeting.
Technical Analysis
Directional indicators (ADX/DI+/DI-): ADX registers 22.5, indicating an emerging trend rather than strong directional conviction. DI- sits at 28.24 while DI+ reads 17.86; DI- recorded a peak-and-reversal and DI+ recorded a peak-and-reversal. The current configuration shows downside pressure historically larger than upside pressure, but the DI- peak-and-reversal implies recent easing of negative directional force, tempering immediate bearish bias.
MACD: MACD stands at -0.34 with the signal at -0.35 and the MACD trend classified as peak-and-reversal. The MACD remains negative, consistent with bearish momentum, although the slight cross above the signal line represents a marginal bullish trigger; overall momentum reads conflicted with a bearish tilt given the peak-and-reversal behavior.
MRO (Momentum/Regression Oscillator): MRO equals 5.94 and shows a peak-and-reversal. A positive MRO indicates price sits above the model target and therefore carries potential for short-term downward pressure; the magnitude remains modest, signaling limited immediate mean-reversion risk.
RSI: RSI at 46.5 with a decreasing trend signals neutral-to-weak momentum, below overbought levels and above oversold. That places the stock in a consolidation band where directional moves require confirmation from other indicators.
Price versus averages and bands: the close at $23.46 trades marginally below the 12-day EMA ($23.82) and essentially at the 20-day average ($23.77), while remaining below the 50-day average ($25.25) and above the 200-day average ($19.25). Bollinger band width stays tight (20-day stdev $0.69) and the Ichimoku short-term lines cluster near current price, implying limited near-term volatility and the potential for a breakout once momentum resolves. Taken together, price action indicates consolidation with a modest upward bias only if MACD momentum and DI dynamics confirm a directional shift.
Fundamental Analysis
Profitability and margins: EBIT equals $74,000,000 and EBITDA equals $111,000,000. EBIT margin stands at 12.67%; this sits above the industry peer mean of 11.56% and below the industry peer median of 20.65%. QoQ EBIT margin expanded by 14.90% and YoY change shows a 5.97% improvement, supporting an earnings-quality improvement narrative relative to recent quarters.
Revenue and earnings: Total revenue reached $584,000,000. YoY revenue growth equals 327.56% (revenue growth year‑over‑year = 3.27556), while revenue growth on the stated shorter-horizon measure shows -6.86%, reflecting mixed period-to-period comparisons. Reported EPS equaled $0.38, matching the estimate ($0.38) and producing a negligible surprise ratio (~0.65%).
Capital structure and liquidity: Cash and short-term investments total $47,000,000 with net debt at $505,000,000 and total debt $621,000,000. The current ratio equals 1.20 and the quick ratio equals 0.88; both improved modestly QoQ. Bank-adjusted leverage metrics reported elsewhere show reduced bank-adjusted net debt-to-EBITDA, and the recent extension of the revolving credit facility lengthens available liquidity to mid‑2029 under the amended agreement, supporting near-term balance-sheet flexibility.
Valuation and cash flow: Price/earnings reads 62.90 while forward P/E equals 36.72 based on forward EPS $0.4909. Price/book equals 2.37, below the industry peer mean book multiple of 4.11. Free cash flow equals $16,000,000 and free cash flow yield equals 0.59%, a low cash conversion rate relative to overall market norms. Enterprise multiple registers 29.48 while EVR equals 5.60. The current valuation, as determined by WMDST, classifies the stock as under‑valued given a mix of above‑median operational returns and subdued market multiples relative to peer averages where available.
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: 36.616 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: 0.322 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: 7.282 mean: 1.916 median: 0.75 EFXT: 0.545 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: 4.11 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: 37.836 mean: 11.155 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: 0.146 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: 2.141 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: 4.721 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: 66.13 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: 1.887 median: 1.401 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: 1.385 median: 1.083 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: 5.68 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: -2.767 % EFXT: -6.858 % low: -57.727 % |
|
| Earnings Growth | -176.087 % | |
| Earnings Growth QoQ | 31.265 % | |
| Earnings Growth YoY | -401.865 % | |
| Earnings Growth IPRWA | high: 350.0 % mean: 21.96 % 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: 20.838 % 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: 11.562 % 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: 14.105 % EFXT: 11.301 % mean: 10.498 % 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: 0.356 % 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: -68.928 % 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: 0.761 % 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: 2.889 % median: 2.822 % low: -5.257 % |
|