Enerflex Ltd. (EFXT) 10-Year Financial Performance & Capital Metrics

EFXT • • Industrial / General

EnergyOilfield ServicesCompression & Processing EquipmentProcessing & Power Equipment

AboutEnerflex Ltd. supplies natural gas compression, oil and gas processing, refrigeration systems, energy transition solutions, and electric power generation equipment to the oil and natural gas industry. The company provides custom and standard compression packages for reciprocating and screw compressor applications; and designs, engineers, manufactures, constructs, and installs modular natural gas processing equipment, refrigeration systems, and electric power solutions, as well as engages in re-engineering, re-configuration, and re-packaging of compressors for various field applications; and modular processing equipment and waste gas systems for natural gas facilities. It also offers after-market services, parts distribution, operations and maintenance solutions, equipment optimization and maintenance programs, manufacturer warranties, exchange components, long-term service agreements, and technical services. In addition, the company rents natural gas compressors totaling approximately 800,000 horsepower. It serves small to large independent producers, integrated oil and natural gas companies, midstream and petrochemical companies, power generation companies, users of natural gas-fired electric power, and carbon capture players in Canada, the United States, Argentina, Bolivia, Brazil, Colombia, Mexico, the United Kingdom, Bahrain Kuwait, Oman, the United Arab Emirates, Australia, New Zealand, Indonesia, Malaysia, and Thailand. Enerflex Ltd. was founded in 1980 and is headquartered in Calgary, Canada.Show more

Revenue $2.41B +3.0%
EBITDA $358M +12.2%
Net Income $32M +138.6%
EPS (Diluted) 0.26 +128.9%
Gross Margin 20.88% +7.0%
EBITDA Margin 14.83% +8.9%
Operating Margin 7.17% +38.8%
Net Margin 1.33% +137.4%
ROE 3.04% +140.2%
ROIC 7.04% +55.2%
Debt/Equity 0.74 -21.5%
Interest Coverage 1.68 +63.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Momentum leader: RS Rating 90 (top 10%)
✓High quality earnings: Operating CF exceeds net income
✓Trading near 52-week high

✗Weaknesses

✗Profits declining 22.8% over 5 years

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.09%

5Y8.88%

3Y47.05%

TTM7.39%

Profit (Net Income) CAGR

10Y-7.58%

5Y-22.83%

3Y-

TTM284.07%

EPS CAGR

10Y-11.68%

5Y-31.23%

3Y-

TTM280.77%

ROCE

10Y Avg6.31%

5Y Avg4.71%

3Y Avg4.78%

Latest8.72%

Peer Comparison

Processing & Power Equipment

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
EFXTEnerflex Ltd.	1.98B	16.28	62.62	3.03%	5.38%	11.78%	15.43%	0.74
LSELeishen Energy Holding Co., Ltd.	82.74M	4.86	10.13	-5.49%	10.65%	34.64%	17.35%	0.05

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.63B	1.13B	1.55B	1.7B	1.58B	1.22B	759.1M	1.78B	2.34B	2.41B
Revenue Growth %	-0.09%	-0.31%	0.37%	0.1%	-0.07%	-0.23%	-0.38%	1.34%	0.32%	0.03%
Cost of Goods Sold+	1.3B	886.82M	1.27B	1.4B	1.27B	937.73M	599.77M	1.46B	1.89B	1.91B
COGS % of Revenue	0.8%	0.78%	0.82%	0.82%	0.8%	0.77%	0.79%	0.82%	0.8%	0.79%
Gross Profit+	326.19M	243.78M	286.52M	307.97M	310.49M	279.32M	159.33M	322.72M	457M	504M
Gross Margin %	0.2%	0.22%	0.18%	0.18%	0.2%	0.23%	0.21%	0.18%	0.2%	0.21%
Gross Profit Growth %	0.01%	-0.25%	0.18%	0.07%	0.01%	-0.1%	-0.43%	1.03%	0.42%	0.1%
Operating Expenses+	204.43M	178.37M	164.25M	163.01M	111.29M	163.31M	115.42M	320.44M	336M	331M
OpEx % of Revenue	0.13%	0.16%	0.11%	0.1%	0.07%	0.13%	0.15%	0.18%	0.14%	0.14%
Selling, General & Admin	204.43M	178.37M	164.25M	163.01M	111.29M	151.14M	115.42M	265.81M	255M	278M
SG&A % of Revenue	0.13%	0.16%	0.11%	0.1%	0.07%	0.12%	0.15%	0.15%	0.11%	0.12%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	12.17M	0	54.64M	81M	53M
Operating Income+	121.76M	65.41M	122.27M	144.96M	199.2M	116.01M	43.91M	2.27M	121M	173M
Operating Margin %	0.07%	0.06%	0.08%	0.09%	0.13%	0.1%	0.06%	0%	0.05%	0.07%
Operating Income Growth %	0.05%	-0.46%	0.87%	0.19%	0.37%	-0.42%	-0.62%	-0.95%	52.26%	0.43%
EBITDA+	204.53M	158.51M	202.85M	234.74M	265.95M	183.85M	113.18M	108.5M	319M	358M
EBITDA Margin %	0.13%	0.14%	0.13%	0.14%	0.17%	0.15%	0.15%	0.06%	0.14%	0.15%
EBITDA Growth %	0.18%	-0.22%	0.28%	0.16%	0.13%	-0.31%	-0.38%	-0.04%	1.94%	0.12%
D&A (Non-Cash Add-back)	82.77M	93.1M	80.58M	89.77M	66.75M	67.84M	69.27M	106.22M	198M	185M
EBIT	87.07M	-60.03M	116.78M	144.96M	181.91M	116.01M	45.63M	40.47M	66M	184M
Net Interest Income+	-11.03M	-10.46M	-10.12M	-14.06M	-14.22M	-17.64M	-13.44M	-28.68M	-94M	-98M
Interest Income	687.47K	587.01K	842.15K	2.54M	2.82M	683.05K	2.6M	7.72M	24M	5M
Interest Expense	11.72M	11.04M	10.96M	16.59M	17.04M	18.32M	16.03M	36.4M	118M	103M
Other Income/Expense	-8.18M	-144.19M	9.74M	-12.43M	-33.15M	-20.45M	-13.79M	-82M	-173M	-92M
Pretax Income+	79.57M	-95.53M	133.07M	132.53M	166.05M	95.56M	30.12M	-79.73M	-52M	81M
Pretax Margin %	0.05%	-0.08%	0.09%	0.08%	0.11%	0.08%	0.04%	-0.04%	-0.02%	0.03%
Income Tax+	30.68M	9M	35.31M	31.12M	48.73M	7.3M	44.71M	21.21M	31M	49M
Effective Tax Rate %	0.57%	1.1%	0.73%	0.76%	0.7%	0.92%	-0.48%	1.27%	1.6%	0.4%
Net Income+	45.75M	-104.7M	97.62M	101M	116.94M	88.08M	-14.59M	-100.94M	-83M	32M
Net Margin %	0.03%	-0.09%	0.06%	0.06%	0.07%	0.07%	-0.02%	-0.06%	-0.04%	0.01%
Net Income Growth %	-0.35%	-3.29%	1.93%	0.03%	0.16%	-0.25%	-1.17%	-5.92%	0.18%	1.39%
Net Income (Continuing)	48.89M	-104.53M	97.75M	101.42M	117.31M	88.26M	-14.59M	-100.94M	-83M	32M
Discontinued Operations	-845K	0	0	0	0	0	0	0	0	0
Minority Interest	3.97M	2.64M	1.32M	1.45M	1.18M	0	0	0	0	0
EPS (Diluted)+	0.61	-1.28	1.10	1.13	1.69	0.98	-0.16	-1.04	-0.90	0.26
EPS Growth %	-0.32%	-3.1%	1.86%	0.03%	0.5%	-0.42%	-1.16%	-5.5%	0.13%	1.29%
EPS (Basic)	0.61	-1.28	1.10	1.14	1.69	0.98	-0.16	-1.04	-0.90	0.26
Diluted Shares Outstanding	79.14M	82.06M	89.1M	89.09M	89.71M	89.68M	89.68M	97.05M	123.83M	124.16M
Basic Shares Outstanding	78.96M	82.02M	88.49M	88.71M	89.5M	89.68M	89.68M	97.05M	123.83M	124.02M
Dividend Payout Ratio	0.59%	-	0.31%	0.33%	0.25%	0.22%	-	-	-	0.28%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	722.24M	653.82M	869.48M	1.15B	693.38M	624.33M	709.71M	1.07B	1.08B	1.04B
Cash & Short-Term Investments	158.08M	167.56M	227.28M	326.86M	74.23M	95.68M	172.76M	187M	106M	92M
Cash Only	158.08M	167.56M	227.28M	326.86M	74.23M	95.68M	172.76M	187M	95M	92M
Short-Term Investments	0	0	0	0	0	0	0	0	11M	0
Accounts Receivable	238M	231.1M	431.66M	460.61M	401.8M	253.11M	337.66M	527M	618M	607M
Days Sales Outstanding	53.33	74.61	101.43	98.71	92.98	75.91	162.36	108.2	96.27	91.78
Inventory	200.1M	163.94M	171.46M	176.21M	207.74M	212.25M	172.69M	304M	294M	293M
Days Inventory Outstanding	56.06	67.48	49.4	46.09	59.85	82.62	105.09	76.26	56.9	55.99
Other Current Assets	96.63M	45.24M	39.08M	86.54M	9.61M	63.29M	12.75M	1M	7M	0
Total Non-Current Assets+	1.49B	1.23B	1.26B	1.33B	1.14B	1.56B	1.48B	2.07B	1.88B	1.75B
Property, Plant & Equipment	594.23M	509.78M	559.4M	627.2M	625.36M	794.63M	756.63M	1.08B	1.03B	867M
Fixed Asset Turnover	2.74x	2.22x	2.78x	2.72x	2.52x	1.53x	1.00x	1.64x	2.27x	2.78x
Goodwill	748.6M	571.83M	567.99M	598.83M	442.59M	576.03M	566.27M	498M	433M	422M
Intangible Assets	44.3M	36.54M	35.45M	28.88M	17.01M	16.54M	10.12M	76M	55M	37M
Long-Term Investments	24.34M	20.42M	20.89M	21.27M	20.15M	26.57M	27.06M	25M	28M	26M
Other Non-Current Assets	33.84M	33.62M	29.54M	320K	152.69K	141.48M	121.65M	372M	308M	374M
Total Assets+	2.21B	1.88B	2.13B	2.48B	1.84B	2.18B	2.19B	3.14B	2.96B	2.79B
Asset Turnover	0.74x	0.60x	0.73x	0.69x	0.86x	0.56x	0.35x	0.57x	0.79x	0.86x
Asset Growth %	0.03%	-0.15%	0.13%	0.17%	-0.26%	0.19%	0.01%	0.43%	-0.06%	-0.06%
Total Current Liabilities+	469.18M	313.55M	488.31M	687.19M	357.73M	287.56M	355.4M	839M	868M	911M
Accounts Payable	236.37M	195.3M	310.34M	293.65M	247.49M	178.3M	234.21M	452M	416M	395M
Days Payables Outstanding	66.22	80.38	89.42	76.82	71.31	69.4	142.53	113.38	80.51	75.48
Short-Term Debt	50.5M	0	33.85M	0	10.93M	40M	0	20M	40M	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	0	0	1000K	1000K	1000K
Other Current Liabilities	179.95M	33.09M	813K	40.88M	22.32M	52.51M	102.99M	25M	38M	37M
Current Ratio	1.54x	2.09x	1.78x	1.68x	1.94x	2.17x	2.00x	1.28x	1.25x	1.14x
Quick Ratio	1.11x	1.56x	1.43x	1.42x	1.36x	1.43x	1.51x	0.92x	0.91x	0.82x
Cash Conversion Cycle	43.16	61.7	61.41	67.98	81.53	89.12	124.91	71.07	72.66	72.29
Total Non-Current Liabilities+	582.04M	450.76M	507.82M	513.15M	442.9M	495.32M	482.29M	1.17B	1.04B	831M
Long-Term Debt	528.14M	393.96M	460.01M	444.71M	331.97M	349.71M	331.42M	1.01B	879M	708M
Capital Lease Obligations	0	-34.63M	0	0	40.74M	47.23M	43.11M	54M	57M	47M
Deferred Tax Liabilities	36.83M	34.34M	32.96M	52.24M	58.81M	0	0	65M	65M	48M
Other Non-Current Liabilities	53.9M	22.17M	14.69M	68.44M	11.39M	98.38M	107.76M	14M	13M	17M
Total Liabilities	1.05B	764.32M	996.13M	1.2B	800.63M	782.88M	837.69M	2B	1.9B	1.74B
Total Debt+	578.64M	393.96M	460.01M	444.71M	383.64M	451.64M	388.44M	1.1B	995M	777M
Net Debt	420.56M	226.4M	232.73M	117.85M	309.41M	355.96M	215.68M	909M	900M	685M
Debt / Equity	0.50x	0.35x	0.41x	0.35x	0.37x	0.32x	0.29x	0.96x	0.94x	0.74x
Debt / EBITDA	2.83x	2.49x	2.27x	1.89x	1.44x	2.46x	3.43x	10.10x	3.12x	2.17x
Net Debt / EBITDA	2.06x	1.43x	1.15x	0.50x	1.16x	1.94x	1.91x	8.38x	2.82x	1.91x
Interest Coverage	10.39x	5.92x	11.15x	8.74x	11.69x	6.33x	2.74x	0.06x	1.03x	1.68x
Total Equity+	1.16B	1.12B	1.13B	1.28B	1.04B	1.4B	1.35B	1.14B	1.05B	1.05B
Equity Growth %	0.14%	-0.03%	0.02%	0.13%	-0.19%	0.35%	-0.03%	-0.16%	-0.08%	-0%
Book Value per Share	14.63	13.62	12.73	14.40	11.54	15.57	15.10	11.75	8.51	8.45
Total Shareholders' Equity	1.15B	1.11B	1.13B	1.28B	1.03B	1.4B	1.35B	1.14B	1.05B	1.05B
Common Stock	238.58M	353.26M	357.7M	366.12M	289.59M	375.52M	375.52M	503M	504M	505M
Retained Earnings	115.4M	-17M	49.01M	118.13M	176.47M	301.04M	274.96M	151M	58M	80M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	146.97M	125.22M	72.36M	142.49M	63.06M	63.3M	44.65M	-192M	-186M	-214M
Minority Interest	3.97M	2.64M	1.32M	1.45M	1.18M	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	104.17M	91.79M	179.25M	242.87M	41.77M	172.72M	163.29M	16.87M	206M	324M
Operating CF Margin %	0.06%	0.08%	0.12%	0.14%	0.03%	0.14%	0.22%	0.01%	0.09%	0.13%
Operating CF Growth %	0.61%	-0.12%	0.95%	0.35%	-0.83%	3.13%	-0.05%	-0.9%	11.21%	0.57%
Net Income	48.05M	-104.14M	97.75M	101.42M	116.94M	69.21M	-14.47M	-74.47M	-83M	32M
Depreciation & Amortization	82.77M	93.1M	80.58M	89.77M	66.75M	66.87M	68.72M	94.64M	198M	185M
Stock-Based Compensation	3.12M	9.73M	6.92M	9.94M	0	1.42M	10.15M	0	6M	29M
Deferred Taxes	-1.72M	-11.6M	7.79M	10.25M	24.27M	11.12M	34.06M	2.41M	-8M	-23M
Other Non-Cash Items	27.02M	146.09M	-23.52M	-6.71M	4.81M	-1.6M	-210.98K	46.9M	80M	-5M
Working Capital Changes	-55.06M	-41.38M	9.74M	38.21M	-171M	25.7M	65.05M	-52.61M	13M	106M
Change in Receivables	117.96M	19.64M	-135.09M	-181.65M	45.85M	183.75M	-55.01M	-132.77M	3M	-11M
Change in Inventory	80.29M	36.16M	-7.51M	-4.75M	-71.86M	44.81M	31.03M	-62.35M	-21M	36M
Change in Payables	-20.11M	-42.98M	112.92M	-7.38M	17.83M	0	39.62M	57.45M	-21M	-7M
Cash from Investing+	-159.77M	18.89M	-154.84M	-100.41M	-171.83M	-108.03M	-38.32M	29.62M	-119M	-59M
Capital Expenditures	-180.2M	-22.47M	-57.65M	-132.25M	-203.12M	-104.89M	-44.97M	-85.46M	-106M	-16M
CapEx % of Revenue	0.11%	0.02%	0.04%	0.08%	0.13%	0.09%	0.06%	0.05%	0.05%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	20.43M	41.36M	47.02M	31.84M	20.75M	-3.14M	6.75M	9.15M	12M	-43M
Cash from Financing+	51.35M	-99.53M	37.45M	-44.45M	-47.03M	-64.34M	-63.1M	8.74M	-149M	-263M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-26.8M	-26.92M	-30.07M	-33.68M	-28.96M	-18.99M	-5.62M	-6.62M	-9M	-9M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	26.49M	27.99M	3.09M	6.56M	-11.67M	-2.64M	-1.64M	-11.62M	-3M	-1M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-76.03M	69.32M	121.6M	110.62M	-161.34M	67.83M	118.31M	-68.59M	95M	306M
FCF Margin %	-0.05%	0.06%	0.08%	0.06%	-0.1%	0.06%	0.16%	-0.04%	0.04%	0.13%
FCF Growth %	-5.47%	1.91%	0.75%	-0.09%	-2.46%	1.42%	0.74%	-1.58%	2.39%	2.22%
FCF per Share	-0.96	0.84	1.36	1.24	-1.80	0.76	1.32	-0.71	0.77	2.46
FCF Conversion (FCF/Net Income)	2.28x	-0.88x	1.84x	2.40x	0.36x	1.96x	-11.19x	-0.17x	-2.48x	10.13x
Interest Paid	10.94M	10.78M	10.35M	15.97M	0	17.79M	15.96M	0	111M	91M
Taxes Paid	29.7M	11.87M	25.38M	9.99M	0	14.76M	10.76M	0	42.7M	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	4.2%	-9.2%	8.67%	8.36%	10.09%	7.24%	-1.06%	-8.1%	-7.57%	3.04%
Return on Invested Capital (ROIC)	6.2%	3.36%	6.76%	7.86%	10.88%	5.62%	1.98%	0.09%	4.53%	7.04%
Gross Margin	20.02%	21.56%	18.45%	18.08%	19.68%	22.95%	20.99%	18.15%	19.5%	20.88%
Net Margin	2.81%	-9.26%	6.28%	5.93%	7.41%	7.24%	-1.92%	-5.68%	-3.54%	1.33%
Debt / Equity	0.50x	0.35x	0.41x	0.35x	0.37x	0.32x	0.29x	0.96x	0.94x	0.74x
Interest Coverage	10.39x	5.92x	11.15x	8.74x	11.69x	6.33x	2.74x	0.06x	1.03x	1.68x
FCF Conversion	2.28x	-0.88x	1.84x	2.40x	0.36x	1.96x	-11.19x	-0.17x	-2.48x	10.13x
Revenue Growth	-8.52%	-30.6%	37.39%	9.65%	-7.39%	-22.84%	-37.63%	134.2%	31.79%	3.03%

Revenue by Segment

	2022	2024
Energy Infrastructure	2.87B	1.54B
Energy Infrastructure Growth	-	-46.15%
Engineered Systems	1.51B	1.28B
Engineered Systems Growth	-	-15.00%
After Market Services	-	508M
After Market Services Growth	-	-
After-Market Services	443.66M	-
After-Market Services Growth	-	-

Revenue by Geography

	2022	2024
UNITED STATES	890.9M	1.08B
UNITED STATES Growth	-	20.78%
CANADA	261.87M	243M
CANADA Growth	-	-7.20%
OMAN	119.91M	221M
OMAN Growth	-	84.31%
ARGENTINA	80.52M	175M
ARGENTINA Growth	-	117.33%
NIGERIA	-	148M
NIGERIA Growth	-	-
Other Area	75.25M	107M
Other Area Growth	-	42.20%
MEXICO	64.33M	71M
MEXICO Growth	-	10.38%
AUSTRALIA	65.62M	70M
AUSTRALIA Growth	-	6.68%
BRAZIL	45.37M	61M
BRAZIL Growth	-	34.46%
PERU	-	54M
PERU Growth	-	-
GUYANA	-	43M
GUYANA Growth	-	-
THAILAND	-	35M
THAILAND Growth	-	-
COLOMBIA	21.28M	24M
COLOMBIA Growth	-	12.79%
IRAQ	25.92M	22M
IRAQ Growth	-	-15.11%
UNITED ARAB EMIRATES	21M	18M
UNITED ARAB EMIRATES Growth	-	-14.27%
EGYPT	20.32M	-
EGYPT Growth	-	-

Frequently Asked Questions

Valuation & Price

Enerflex Ltd. (EFXT) has a price-to-earnings (P/E) ratio of 62.6x. This suggests investors expect higher future growth.

Growth & Financials

Enerflex Ltd. (EFXT) reported $3.52B in revenue for fiscal year 2024. This represents a 187% increase from $1.23B in 2011.

Enerflex Ltd. (EFXT) grew revenue by 3.0% over the past year. Growth has been modest.

Yes, Enerflex Ltd. (EFXT) is profitable, generating $189.3M in net income for fiscal year 2024 (1.3% net margin).

Dividend & Returns

Yes, Enerflex Ltd. (EFXT) pays a dividend with a yield of 0.45%. This makes it attractive for income-focused investors.

Enerflex Ltd. (EFXT) has a return on equity (ROE) of 3.0%. This is below average, suggesting room for improvement.

Enerflex Ltd. (EFXT) generated $219.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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