The Company in a Nutshell
| Date Reviewed | 03/12/2026 |
| Company Name | Enerflex Ltd |
| Symbol | EFX.TO |
| Sector | Energy |
| Industry | Oil & Gas Equipment & Services |
| Beta | 2.02 |
| PRO Rating | 2 |
| Dividend Safety | 2 |
Business Model
Enerflex Ltd. is an integrated global provider of energy infrastructure and energy transition solutions, deploying natural gas, low-carbon, and treated water solutions from individual, modularized products and services to integrated custom solutions. Its segments include North American, Latin America, and Eastern Hemisphere. Its product lines include Energy Infrastructure, After-Market Services, and Engineered Systems. Its Energy Infrastructure includes Infrastructure solutions under contract for natural gas processing, compression, treated water, and electric power. Its After-Market Services consist of providing mechanical maintenance, parts distribution, operations and maintenance solutions, equipment optimization and maintenance programs, manufacturer warranties, exchange components, and long-term service agreements. Its Engineered Systems include engineering, design, and manufacturing processing, compression, cryogenic, electric power, and treated water solutions.
| Current price | 27.62 |
| ROE | 6.00 % |
| ROIC | 7.00 % |
| Shareholder Yield | 0.15 % |
| 5-Yr Total Return | 265.85 % |
| 1-Yr Total Return | 160.70 % |
| Next Earnings Date | 05-07-26 |
Latest Quarter Information
What the CEO said:
CEO Paul Mahoney said, “Strong fourth quarter operational and financial results cap off an excellent year for Enerflex,” emphasizing that EI and AMS are “the foundation of our results,” supported by solid Engineered Systems execution and ~$1.1B of backlog visibility. He added the APAC divestiture is “accretive” and “underscores Enerflex’s commitment to simplifying and optimizing our operations,” and said he’s “encouraged by the momentum across our global operations” heading into 2026. Mahoney also pointed to strengthening cash generation and balance sheet flexibility as key enablers of continued fleet growth and disciplined returns.
What we say:
2026-03-11, vEnerflex reported a mixed quarter with an increase of 11.8% in revenue and decline of 491% in EPS. Revenue rose on “strong execution and a high level of operational activity” in Engineered Systems, offsetting other portfolio headwinds. EPS dropped mainly due to $81M of costs tied to redeeming the 2027 senior secured notes. The company maintained their dividend at $0.0425/share. Enerflex is “optimizing and simplifying” via an agreement to divest most APAC operations while still serving APAC with ES through local sales and North America manufacturing.
Investment Thesis
Dividend Triangle
| 5-Yr Rev. Growth | 26.40 % |
| 5-Yr EPS Growth | 2.40 % |
| 5-Yr Div Growth | 14.85 % |
Potential Risks
| Debt/Equity | 0.60 |
| Financial Debt to EBITDA (TTM) | 1.40 |
| Current Ratio (Quarterly) | 1.15 |
| Credit Score | 60 |
Dividend Growth Perspective
| Dividend ($) | 0.17 |
| Dividend Yield Fwd | 0.60 % |
| Dividend Frequency | Quarterly |
| Average 5-Yr Yield | 1.15 % |
| Payout Ratio (%) | 15.65 |
| Cash Payout Ratio (%) | 7.40 |
| DGR 1-Yr (TTM) | 14.30 |
| DGR 3-Yr (TTM) | 10.05 |
| DGR 5-Yr (TTM) | 14.85 |
| DGR Streak | |
| Chowder Score | 15.45 |
| Next DVD PMT | 03-25-26 |
Valuation
(Data for `ddm_growth_rate_years` field are missing to build DDM tables)
Video Tutorial: How to Read the Stock Cards DDM Valuation
| Market Cap | 3 B |
| PE Ratio | 38.65 |
| Fwd PE | 15.40 |
| Price to Book Ratio | 2.20 |
| DDM Valuation | 0 |
| Average 5-Yr PE | 16.49 |
| Value Score | 63 |