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← CockpitCompetitor Analysis › ESI.TO Ensign Energy Services Inc.Open in the cockpit ↗

Ensign Energy Services Inc.ESI.TOCompetitor analysis, valuation and peers

Canada · CAD·Energy›Contract Drilling
Momentum leader 88
Mkt cap
$517M
US dollars, full cap
Free float
72%
of shares outstanding
$/day
$1.41M
20-day average traded
Fwd P/E
34.7×
forward earnings
ROIC−WACC
-7.6 pp
WACC 8.3%
Hurdle
+29 pp
Req g minus delivered
Close · CADC$3.93
1D+7.1%
1W-13.1%
1M+8.9%
3M+22.4%
6M+5.9%
YTD+54.7%
1Y+59.8%
ATR %5.6%
52w lowhigh20.9% off high

What Ensign Energy Services does

No business profile yet.

Ensign Energy Services at a glance

Size Ensign Energy Services (ESI.TO) is a Canada Energy company (Contract Drilling) with a market value of $517M, the 336th largest of 420 Canada companies the cockpit tracks. Shares closed at C$3.93 on 6 Nov 2026.

Performance Over six months the shares gained 5.9%, against -17.0% for the median peer and +5.2% for the Canada market (cap-weighted) — highest of 9 in its peer set.

Growth Revenue fell 1.5% over the last twelve months (peer median +7.5%); the operating margin is 1.2% (peer median 14.5%).

Valuation It trades at 34.7× forward earnings against a peer median of 10.7× (most expensive of 7).

Price implies For today's price to make sense, revenue must grow about 41% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is +29 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 7.6 points below its cost of capital (8.3% WACC).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026ESI.TO 102Peer median 82
Six months, rebased to 100: Ensign Energy Services against the median of its 8 peers (local-currency closes).

Ensign Energy Services financials

Reported figures in CAD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueC$1.65BC$1.64BC$1.68BC$1.79BC$1.58B
Revenue growth—-3%-6%+14%—
Gross profitC$89.6MC$99.9MC$152MC$241MC$141M
EBITDAC$373MC$387MC$438MC$488MC$354M
Net income-C$40.2M-C$38.8M-C$20.8MC$41.2MC$8.13M
Free cash flowC$11.8MC$57.6MC$194MC$184MC$27.5M
Capital expenditureC$237MC$194MC$179MC$176MC$174M
Total debtC$958MC$967MC$1.08BC$1.23BC$1.46B

Quarterly statements and history in the cockpit →

Ensign Energy Services competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%-20%0%ENHVTURAPHXAKASTMDIBORRNBRPDESI.TO6-month return →1-month return →
Up and to the right = strong over both horizons. Ensign Energy Services is the large dot.

Fundamentals: revenue growth against valuation

0%+25%+50%+75%10×20×30×ENHPHXAKASTMDINBRPDESI.TORevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Ensign Energy Services is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%ENHVTURAMDINBRPDESI.TOGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Ensign Energy Services is the large dot.

Ensign Energy Services competitors and peer comparison

How Ensign Energy Services compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Ensign Energy Services against its 8 peers (data as of 6 Nov 2026)
MeasureESI.TOPeer medianRank in peer set
1-month return+8.9%-8.0%2nd highest of 9
6-month return+5.9%-17.0%highest of 9
Distance from 52-week high-20.9%-29.6%4th highest of 9
Revenue growth (TTM)-1.5%+7.5%2nd lowest of 9
Operating margin1.2%14.5%lowest of 9
Forward P/E34.7×10.7×most expensive of 7
Growth the price implies (Req g, 7 yrs)41.1%4.0%most demanding of 6
Growth delivered (Del g)+11.8%+14.5%3rd lowest of 6
Hurdle (Req g minus delivered)+29.3 pp-2.9 ppmost demanding of 6
ROIC minus cost of capital-7.6 pp-2.5 pplowest of 9
EV / EBITDA4.5×7.1×3rd cheapest of 9
Net debt / EBITDA2.5×0.5×2nd most indebted of 9

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Ensign Energy Services ESI.TOCanada$517M+6%-1%1%34.7×41.1%+11.8%
Sed Energy ENH.OLNorway$520M-25%+91%36%5.7×-10.9%+38.2%
Ventura Offshore VTURA.OLNorway$371M+3%-2%34%n/a3.6%-2.5%
PHX Energy Services PHX.TOCanada$342M-9%+7%4%8.9×n/an/a
Akastor AKAST.OLNorway$316M-31%+67%34%9.9×n/an/a
Major Drilling Group International MDI.TOCanada$893M-5%+23%6%23.1×21.7%+15.5%
Borr Drilling BORRUnited States$1,000M-45%+3%21%n/an/an/a
Nabors Industries NBRUnited States$1.11B-25%+5%8%19.1×4.0%+8.3%
Precision Drilling PD.TOCanada$1.16B+6%+8%7%11.4×11.6%+14.5%

Questions

Which companies are Ensign Energy Services's closest peers?
The cockpit's peer set: Sed Energy (ENH.OL), Ventura Offshore (VTURA.OL), PHX Energy Services (PHX.TO), Akastor (AKAST.OL), Major Drilling Group International (MDI.TO), Borr Drilling (BORR), Nabors Industries (NBR), Precision Drilling (PD.TO).
Is Ensign Energy Services expensive compared with its peers?
On forward p/e it trades at 34.7× against a peer median of 10.7×, most expensive of 7 in its peer set. For today's price to make sense, revenue must grow about 41% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is +29 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Ensign Energy Services stock performed?
Over six months to 6 Nov 2026 the shares returned +5.9% against -17.0% for the median peer; over one year +59.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.