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High Arctic Energy Services Inc (HWO) Fair Value & Analysis

Energy · CA · Market cap C$11.2M

HA High Arctic Energy Services Inc HWO · TO
PriceC$0.9200
Fair ValueC$0.8600
Upside-6.5%
Quality54/100
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Weak Growth
Solidly profitable · 12.1% net margin
Low debt · negative free cash flow
Ranks above peers (9/12)
Narrow moat 29/100
Evidence: Medium Range C$0.6600 – C$1.08 Share as image

Fair value as of: Aug 13, 2026

From 9 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from C$0.4800 to C$0.8600 (+79.2%) since Jul 12, 2026. Share price +4.5% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from C$0.6600 (bear) to C$1.08 (bull), base C$0.8600. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 54/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

C$2.16 C$0.7000 Fair Value C$0.8600 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range C$0.7000 – C$2.16 · fair‑value band C$0.6600 – C$1.08 · the C$0.9200 price screens above the C$0.8600 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

High Arctic Energy Services Inc (HWO) currently trades at C$0.9200, while our model-based Fair Value estimate is C$0.8600, implying the stock looks roughly 6.5% fairly valued today. The Quality Score stands at 54/100 (solid quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, High Arctic Energy Services Inc generated revenue of C$10.6M at a net margin of 3.4%. Revenue grew 22.2% year over year. It earns a return on equity of 1.7%. The stock trades on a trailing P/E of 8.4. Fundamentals as of Aug 13, 2026

Our scenario range runs from C$0.6600 (bear case) to C$1.08 (bull case); at C$0.9200, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 4% below its 52-week high and 23% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -40% fair-value upside, at -7%, HWO screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income C$1.08 C$0.9800 C$0.6400 76
Growth-Adj P/E C$0.2100 C$0.3000 C$0.3900 68
P/E Multiple C$0.2900 C$0.3900 C$0.4900 63
All 9 models by family
DCF Models
Owner Earnings C$0.9100 C$1.13 C$1.50 31
Earnings-Based
Graham-Dodd C$0.1900 C$0.2300 C$0.2600 54
Multiples
P/E Multiple C$0.2900 C$0.3900 C$0.4900 63
P/S Multiple C$0.3600 C$0.4800 C$0.6000 58
P/B Multiple C$0.3600 C$0.4800 C$0.6000 55
EV/EBITDA C$0.6400 C$0.8400 C$1.05 54
Asset-Based
NCAV (Graham) C$0.8700 C$1.16 C$1.74 50
Economic Profit
Residual Income C$1.08 C$0.9800 C$0.6400 76
Growth Earnings
Growth-Adj P/E C$0.2100 C$0.3000 C$0.3900 68

Widest divergence: Asset-Based (C$1.16) versus Earnings-Based (C$0.2300). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) C$10.6M
Revenue growth (YoY) +22.2%
Net margin 3.4%
Return on equity 1.7%
Free cash flow −C$173K FY2025
P/E ratio 8.4
More key figures
Operating margin -13.9%
EPS (TTM) C$0.1100
EPS growth (YoY) -96.8%
Net debt C$997K FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 52 · Market factors (momentum, volatility) 56

Profitability 21
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 39
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 62
Distance to the 52-week high (market factor)
Net Issuance 84
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

High Arctic Energy Services Inc., an oilfield services company, provides oilfield services to exploration and production companies in Western Canada. It operates through two segments: Rental Services and Investments and Corporate.

Full company description

High Arctic Energy Services Inc., an oilfield services company, provides oilfield services to exploration and production companies in Western Canada. It operates through two segments: Rental Services and Investments and Corporate. The company leases oilfield and pressure control equipment comprising high-pressure blowout preventers, high pressure valves and spooling, high pressure pipework, boilers, pumps, lighting towers, oilfield tubular handling tools, and rig shacks. It also provides snubbing and well servicing services. High Arctic Energy Services Inc. was founded in 1993 and is headquartered in Calgary, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

High Arctic Energy Services Inc reported revenue of C$10.6M in FY2025 versus C$76.4M in FY2021, a compound −38.9%/yr. Reported net income was C$356K in FY2025.

Growth Quality 25/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
C$10.6M
Latest YoY
+1.6%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−49.0%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−34.9%
Avg. growth/yr (20Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−9.7%
Revenue −38.9%/yr
FY21 C$76.4M
FY22 C$80.0M
FY23 C$61.9M
FY24 C$10.5M
FY25 C$10.6M
Net income
FY21 −C$18.6M
FY22 −C$36.6M
FY23 −C$13.1M
FY24 C$28.3M
FY25 C$356K

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Cite: Fair Value Calculator (2026). "High Arctic Energy Services Inc Fair Value". https://www.fairvalue-calculator.com/stock/HWO

Peer Group

Oil & Gas Equipment & Services · 192 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 54 · Above median
Fair Value upside −11% · Above median
Return on equity (TTM) 6% · Below median
Return on assets -2% · Bottom 25%
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) -7% · Bottom 25%
Revenue growth 17% · Above median
Debt / equity 0.14× · Lower than median

Valuation Multiples vs Oil & Gas Equipment & Services median · lower = cheaper

P/E (TTM) 8.4× · Cheaper than 75% of peers
P/B 0.37× · Cheaper than 75% of peers
P/S (TTM) 0.73× · Cheaper than median
EV/EBITDA 6.4× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 18 · sector 0
FUTURE 86 · sector 1
PAST 24 · sector 27
HEALTH 93 · sector 93
DIVIDEND 0 · sector 31

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Oil & Gas Equipment & Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
SLB N.V SLBN 836.00 MXN 488.45 MXN -42%
Baker Hughes Company BKR $64.28 $32.40 -50%
TechnipFMC plc FTI $75.27 $27.43 -64%
Halliburton Company HAL $33.29 $21.50 -35%
Tenaris S.A TS $53.15 $45.68 -14%
Yantai Jereh Oilfield Services Group 002353 ¥144.58 ¥34.17 -76%
Saipem SpA SPM €4.56 €2.72 -40%
Subsea 7 S.A SUBC kr 334.40 kr 224.63 -33%
China Oilfield Services Limited 601808 ¥12.02 ¥12.64 +5%
Gaztransport & Technigaz SA GTT €202.00 €95.01 -53%

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Frequently asked questions

Is High Arctic Energy Services Inc (HWO) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of C$0.8600 versus a price of C$0.9200, about −7% (fairly valued).
What is the fair value of HWO?
Our model-based fair value for High Arctic Energy Services Inc is C$0.8600 (as of Aug 13, 2026), built from audited fundamentals. The current price is C$0.9200.
What is the quality score of HWO?
High Arctic Energy Services Inc has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of High Arctic Energy Services Inc (HWO)?
High Arctic Energy Services Inc reported trailing-twelve-month revenue of about C$10.6M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of HWO?
The net profit margin of High Arctic Energy Services Inc is about 3.4%, meaning it keeps roughly 3.4% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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