This report should not be construed as providing investment advice. It is for educational purposes only.  Before making any investment decision, you should always do your own research or consult a investment professional.														Estimates	Estimates	Estimates
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet.														Q2 2024
See my website on stocks or see my blog at the following sites.							https://spbrunner.com/stocks.html				https://spbrunner.blogspot.com/
Trican Well Service Ltd						TSX:	TCW	OTC:	TOLWF	https://www.tricanwellservice.com/			Fiscal Yr:
Stock	FRC	FRC	FRC	FRC	FRC	TCW	TCW	TCW	TCW	TCW	TCW	TCW	TCW	TCW	TCW	TCW
Year	12/31/12	12/31/13	12/31/14	12/31/15	12/31/16	12/31/17	12/31/18	12/31/19	12/31/20	12/31/21	12/31/22	12/31/23	12/31/24	12/31/25	12/31/26	12/31/27		Value	Description	#Y	Item
Accounting Rules	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS
Plan of Arrangement Date						31-May-17
Plan of Arrangement						1.7
														$970.0	<-12 mths	-1.11%
Revenue*	$353.1	$299.8	$591.0	$404.0	$239.6	$929.9	$900.6	$636.1	$397.0	$562.5	$866.3	$972.7	$980.8	$1,070	$1,316	$1,346		65.96%	<-Total Growth	10	Revenue
Increase	-5.10%	-15.10%	97.15%	-31.64%	-40.70%	288.17%	-3.15%	-29.37%	-37.58%	41.68%	54.01%	12.28%	0.84%	9.09%	22.99%			5.20%	<-IRR #YR->	10	Revenue	65.96%
5 year Running Average	$212.1	$257.6	$366.4	$404.0	$377.5	$492.9	$613	$622	$621	$685	$672	$687	$756	$890	$1,041			9.05%	<-IRR #YR->	5	Revenue	54.20%
Revenue per Share	$3.36	$2.82	$5.07	$3.44	$1.64	$2.75	$2.99	$2.34	$1.55	$2.28	$3.77	$4.65	$5.19	$5.04	$6.20			7.51%	<-IRR #YR->	10	5 yr Running Average	106.30%
Increase	-6.41%	-16.03%	79.68%	-32.16%	-52.36%	67.74%	8.73%	-21.56%	-33.74%	46.71%	65.53%	23.36%	11.63%	-2.89%	22.99%			3.97%	<-IRR #YR->	5	5 yr Running Average	21.52%
5 year Running Average	$2.31	$2.49	$3.39	$3.65	$3.26	$3.14	$3.18	$2.63	$2.25	$2.38	$2.59	$2.92	$3.49	$4.19	$4.97			0.24%	<-IRR #YR->	10	Revenue per Share	2.45%
P/S (Price/Sales) Med	2.09	2.34	1.59	1.08	1.86	1.58	0.89	0.54	0.68	1.15	0.99	0.88	0.88	0.97	0.00			17.25%	<-IRR #YR->	5	Revenue per Share	121.59%
P/S (Price/Sales) High	2.61	2.66	2.32	1.53	2.59	2.00	1.44	0.73	1.08	1.59	1.27	1.13	1.00	1.19	0.00			1.35	<-Median->	10	P/S HighPrice
P/S (Price/Sales) Low	1.58	2.01	0.86	0.63	1.12	1.17	0.34	0.36	0.28	0.71	0.71	0.63	0.76	0.76	0.00			0.67	<-Median->	10	P/S Low Price
P/S (Price/Sales) Closing	1.99	2.51	1.04	0.70	2.53	1.49	0.40	0.49	1.08	1.22	0.97	0.89	0.99	1.14	0.92			0.29%	<-IRR #YR->	10	5 yr Running Average	2.98%
*Revenue in M CDN $					P/S Med	20 yr	0.76	15 yr	0.71	10 yr	0.94	5 yr	0.88		20.83%	Diff M/C		5.81%	<-IRR #YR->	5	5 yr Running Average	32.62%
			-$591.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$980.8
								-$636.1	$0.0	$0.0	$0.0	$0.0	$980.8
			-$366.4	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$755.9
								-$622.0	$0.0	$0.0	$0.0	$0.0	$755.9
			-$5.07	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$5.19
								-$2.34	$0.00	$0.00	$0.00	$0.00	$5.19
			-$3.39	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$3.49
								-$2.63	$0.00	$0.00	$0.00	$0.00	$3.49
Amount														$133.7	<-12 mths	-2.48%			Estimates		Last 12 months from Qtr
Per Share														$0.36	<-12 mths	-46.87%			Estimates		Last 12 months from Qtr
Payout Ratio Adj EPS														28.77%	#DIV/0!				Estimates		Payout Ratio EPS
Free Cash Flow									$7.5	$79.4	$157.0	$161.0	$137.1					72.67%	<-Total Growth	4	FCF CDN$
Return on Equity ROE									1.52%	16.22%	31.11%	31.14%	28.07%					28.07%	<-Median->	5	Return on Equity ROE
5Yr Median												23.67%	28.07%					25.87%	<-Median->	2	5 Yr Median
Basic									$0.03	$0.31	$0.65	$0.74	$0.69					122.58%	<-Total Growth	4	FCF
FCF* Dilued									$0.03	$0.31	$0.64	$0.73	$0.67	$0.73				116.13%	<-Total Growth	4	FCF
Increase										933.33%	106.45%	14.06%	-8.22%	8.96%				5	0	5	Years of Data, EPS P or N	#VALUE!
5 year Running Average													$0.48	$0.62				#NUM!	<-IRR #YR->	10	FCF	#DIV/0!
FCF Yield									1.79%	11.19%	17.49%	17.72%	13.06%	12.74%				117.39%	<-IRR #YR->	4	FCF	2333.33%
Payout Ratio									0.00%	0.00%	0.00%	21.92%	26.87%	28.77%				#NUM!	<-IRR #YR->	10	5 yr Running Average	#DIV/0!
5 year Running Average													37.82%	34.09%				#NUM!	<-IRR #YR->	5	5 yr Running Average	#DIV/0!
Price/FCF Median									35.33	8.45	5.84	5.60	6.82	6.73				6.82	<-Median->	5	Price/FCF Median
Price/FCF High									56.00	11.68	7.47	7.18	7.73	8.21				7.73	<-Median->	5	Price/FCF High
Price/FCF Low									14.67	5.23	4.20	4.01	5.91	5.26				5.23	<-Median->	5	Price/FCF Low
Price/FCF Close									56.00	8.94	5.72	5.64	7.66	7.85				7.66	<-Median->	5	Price/FCF Close
Trailing P/FCF Close										92.33	11.81	6.44	7.03	8.55				9.42	<-Median->	4	Trailing P/FCF Close
Median Values		DPR	10 Yrs	0.00%	5 Yrs	0.00%	P/CF	5 Yrs	in order	6.82	7.73	5.23	7.66		15.08%	Diff M/C					DPR 75% to 95% best
* Adjusted Earnings per Share
			$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.67
									-$0.03	$0.00	$0.00	$0.00	$0.67
			$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.48
								$0.00	$0.00	$0.00	$0.00	$0.00	$0.48
														$0.57	<-12 mths	3.64%
Canyon to Trican 2017	$0.89	-$0.07	$0.75	-$0.90	-$0.88
EPS Basic	$0.52	-$0.04	$0.44	-$0.53	-$0.52	$0.05	-$0.73	-$0.26	-$0.89	$0.07	$0.33	$0.56	$0.55					24.67%	<-Total Growth	10	EPS Basic
Canyon to Trican 2017	$0.87	-$0.07	$0.74	-$0.90	-$0.88
EPS Diluted*	$0.51	-$0.04	$0.44	-$0.53	-$0.52	$0.05	-$0.73	-$0.26	-$0.89	$0.07	$0.32	$0.55	$0.54	$0.59	$0.70	$0.80		24.05%	<-Total Growth	10	EPS Diluted
Increase	-43.14%	-108.05%	1157.14%	-221.62%	2.22%	109.66%	-1560.00%	64.38%	-242.31%	107.87%	357.14%	71.88%	-1.82%	9.26%	18.64%	14.29%		5	5	10	Years of Data, EPS P or N
Earnings Yield	7.7%	-0.6%	8.2%	-22.1%	-12.5%	1.2%	-61.9%	-22.8%	-53.0%	2.5%	8.7%	13.3%	10.5%	10.3%	12.2%	14.0%		2.18%	<-IRR #YR->	10	Earnings per Share	24.05%
5 year Running Average	$0.33	$0.33	$0.47	$0.26	-$0.03	-$0.12	-$0.26	-$0.40	-$0.47	-$0.35	-$0.30	-$0.04	$0.12	$0.41	$0.54	$0.64		#NUM!	<-IRR #YR->	5	Earnings per Share	307.69%
10 year Running Average			$0.21	$0.13	$0.08	$0.11	$0.04	$0.04	-$0.11	-$0.19	-$0.21	-$0.15	-$0.14	-$0.03	$0.09	$0.17		-12.92%	<-IRR #YR->	10	5 yr Running Average	197.85%
* Diluted ESP per share									E/P	10 Yrs	-5.65%	5Yrs	8.74%					#NUM!	<-IRR #YR->	5	5 yr Running Average	129.69%
			-$0.44	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.54
								$0.26	$0.00	$0.00	$0.00	$0.00	$0.54
			-$0.47	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.12
								$0.40	$0.00	$0.00	$0.00	$0.00	$0.12
Dividend* for TCW														$0.21	$0.22	$0.24			Estimates		Dividend*
Increase														16.67%	4.76%	9.09%			Estimates		Increase
Payout Ratio EPS														28.77%	#DIV/0!				Estimates		Payout Ratio EPS
Special Dividends TCW	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00		$0.00	<-Median->	10	Special Dividends
Canyon to Trican 2017	$0.51	$0.60	$0.60	$0.41	$0.03
Dividend* TCW	$0.30	$0.30	$0.30	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.16	$0.18	$0.21	$0.22	$0.22		-40.00%	<-Total Growth	10	Dividends
Increase	200.00%	0.00%	0.00%	-100.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	12.50%	16.67%	4.76%	0.00%		3	1	18	Years of data, Count P, N
Average Increases 5 Year Running	40.00%	40.00%	40.00%	20.00%	20.00%	-20.00%	-20.00%	-20.00%	0.00%	0.00%	0.00%	0.00%	2.50%	5.83%	6.79%	6.79%		0.00%	<-Median->	10	Average Incr 5 Year Running
Dividends 5 Yr Running	$0.14	$0.18	$0.22	$0.20	$0.18	$0.12	$0.06	$0.00	$0.00	$0.00	$0.00	$0.03	$0.07	$0.11	$0.15	$0.20		-69.09%	<-Total Growth	10	Dividends 5 Yr Running
Yield H/L Price	4.27%	4.55%	3.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.92%	3.94%	4.27%				0.00%	<-Median->	10	Yield H/L Price	Item
Yield on High  Price	3.42%	4.00%	2.55%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.05%	3.47%	3.51%				0.00%	<-Median->	10	Yield on High  Price	EPS
Yield on Low Price	5.67%	5.28%	6.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.46%	4.55%	5.47%				0.00%	<-Median->	10	Yield on Low Price	CFPS
Yield on Close Price	4.49%	4.24%	5.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.88%	3.51%	3.66%	3.84%	3.84%		0.00%	<-Median->	10	Yield on Close Price	FCF Comp.
Payout Ratio EPS	58.62%	0.00%	68.92%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	29.09%	33.33%	35.59%	31.43%	27.50%		0.00%	<-Median->	10	DPR EPS	FCF
DPR EPS 5 Yr Running	42.20%	53.87%	46.75%	78.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	57.63%	26.57%	28.52%	31.13%		0.00%	<-Median->	10	DPR EPS 5 Yr Running
Payout Ratio CFPS	35.9%	62.0%	42.8%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	13.5%	22.0%	20.1%	17.5%	15.4%		0.00%	<-Median->	10	DPR CF
DPR CF 5 Yr Running	25.62%	30.61%	30.09%	31.43%	42.74%	36.06%	19.80%	0.00%	0.00%	0.00%	0.00%	6.32%	10.47%	13.70%	15.49%	17.25%		8.39%	<-Median->	10	DPR CF 5 Yr Running
Payout Ratio CFPS WC	29.90%	97.62%	29.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	16.53%	15.17%	20.10%	17.53%	15.38%		0.00%	<-Median->	10	DPR CF WC
DPR CF WC 5 Yr Running	19.98%	25.05%	23.81%	24.22%	37.40%	32.68%	15.96%	0.00%	0.00%	0.00%	0.00%	6.65%	9.77%	12.40%	14.58%	16.82%		8.21%	<-Median->	10	DPR CF WC 5 Yr Running
Median Values	10 Yr Med	10 Yr Cl	0.00%	0.00%	5 Yr Med	5 Yr Cl	0.00%	0.00%	5 Yr Med	Payout	0.00%	0.00%	0.00%					0.00%	<-IRR #YR->	5	Dividends	-40.00%
* Dividends per share	10 Yr Med	and Cur.	#DIV/0!	#DIV/0!	5 Yr Med	and Cur.	#DIV/0!	#DIV/0!	Last Div Inc --->		$0.500	$0.550	10.0%					-4.98%	<-IRR #YR->	10	Dividends	#DIV/0!
Dividends Growth 15																		4.00%	<-IRR #YR->	15	Dividends
Dividends Growth 20																		7.38%	<-IRR #YR->	18	Dividends
Dividends Growth 5								$0.00	$0.00	$0.00	$0.00	$0.00	$0.18								Dividends Growth 5
Dividends Growth 10			-$0.30	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.18								Dividends Growth 10
Dividends Growth 15	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.18								Dividends Growth 15
Dividends Growth 20	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.18								Dividends Growth 20
Historical Dividends	Historical	High Div	7.08%	Low Div	0.00%	10 Yr High	5.37%	10 Yr Low	0.00%	Med Div	4.10%	Close Div	1.57%								Historical Dividends
High/Ave/Median Values	Curr diff	Exp.	-45.77%	#DIV/0!	#DIV/0!	Exp.	-28.50%		#DIV/0!	Exp.	-6.36%	Cheap	145.05%								High/Ave/Median
Dividend*														$0.21	$0.22	$0.24			Estimates		Dividend*
Increase														16.67%	4.76%	9.09%			Estimates		Increase
Payout Ratio EPS														35.59%	31.43%	30.00%			Estimates		Payout Ratio EPS
Special Dividends Canyon to Trican	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00			$0.00	<-Median->	10	Special Dividends
Canyon to Trican 2017	$0.51	$0.60	$0.60	$0.41	$0.03
Dividend*	$0.30	$0.35	$0.35	$0.24	$0.02	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.16	$0.18	$0.21	$0.22	$0.22		-49.00%	<-Total Growth	10	Dividends
Increase	412.50%	17.07%	0.00%	-32.50%	-92.59%	-100.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	12.50%	16.67%	4.76%	0.00%		3	3	13	Years of data, Count P, N
Average Increases 5 Year Running				79.41%	60.90%	-41.60%	-45.02%	-45.02%	-38.52%	-20.00%	0.00%	0.00%	2.50%	5.83%	6.79%	6.79%		-10.00%	<-Median->	10	Average Incr 5 Year Running
Dividends 5 Yr Running				$0.26	$0.25	$0.19	$0.12	$0.05	$0.00	$0.00	$0.00	$0.03	$0.07	$0.11	$0.15	$0.20		#DIV/0!	<-Total Growth	9	Dividends 5 Yr Running
Yield H/L Price	4.29%	5.36%	4.38%	6.41%	0.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.92%	3.94%	4.27%				0.00%	<-Median->	10	Yield H/L Price	Item
Yield on High  Price	3.44%	4.71%	3.00%	4.52%	0.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.05%	3.47%	3.51%				0.00%	<-Median->	10	Yield on High  Price	EPS
Yield on Low Price	5.69%	6.21%	8.09%	11.04%	0.96%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.46%	4.55%	5.47%				0.00%	<-Median->	10	Yield on Low Price	CFPS
Yield on Close Price	4.52%	4.99%	6.67%	9.95%	0.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.88%	3.51%	3.66%	3.84%	3.84%		0.00%	<-Median->	10	Yield on Close Price	FCF
Payout Ratio EPS	58.91%	0.00%	81.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	29.09%	33.33%	35.59%	31.43%	27.50%		0.00%	<-Median->	10	DPR EPS
DPR EPS 5 Yr Running				102.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	57.63%	26.57%	28.52%	31.13%		0.00%	<-Median->	10	DPR EPS 5 Yr Running
Payout Ratio CFPS	36.1%	72.9%	50.3%	213.7%	-64.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	13.5%	22.0%	20.1%	17.5%	15.4%		0.00%	<-Median->	10	DPR CF
DPR CF 5 Yr Running				40.99%	59.99%	57.79%	40.19%	27.85%	1.63%	0.00%	0.00%	6.32%	10.47%	13.70%	15.49%	17.25%		19.16%	<-Median->	10	DPR CF 5 Yr Running
Payout Ratio CFPS WC	30.05%	114.85%	34.54%	97.86%	-10.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	16.53%	15.17%	20.1%	17.5%	15.4%		0.00%	<-Median->	10	DPR CF WC
DPR CF WC 5 Yr Running				31.59%	52.49%	52.38%	32.39%	26.39%	2.16%	0.00%	0.00%	6.65%	9.77%	12.40%	14.58%	16.82%		18.08%	<-Median->	10	DPR CF WC 5 Yr Running
Median Values	10 Yr Med	10 Yr Cl	0.00%	0.00%	5 Yr Med	5 Yr Cl	4.33%	0.00%	5 Yr Med	Payout	0.00%	0.00%	0.00%					0.00%	<-IRR #YR->	5	Dividends	-49.00%
* Dividends per share	10 Yr Med	and Cur.	#DIV/0!	#DIV/0!	5 Yr Med	and Cur.	-11.36%	#DIV/0!	Last Div Inc --->		$0.450	$0.500	11.1%					-6.51%	<-IRR #YR->	10	Dividends	#DIV/0!
Dividends Growth 15																		8.98%	<-IRR #YR->	13	Dividends
Dividends Growth 5								$0.00	$0.00	$0.00	$0.00	$0.00	$0.18								Dividends Growth 5
Dividends Growth 10			-$0.35	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.18								Dividends Growth 10
Dividends Growth 15	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.18								Dividends Growth 15
Historical Dividends	Historical	High Div	6.21%	Low Div	0.00%	10 Yr High	10.48%	10 Yr Low	0.00%	Med Div	0.70%	Close Div	0.63%								Historical Dividends
High/Ave/Median Values	Curr diff	Exp.	-38.17%	#DIV/0!	#DIV/0!	Exp.	-63.36%		#DIV/0!	Cheap	448.49%	Cheap	507.72%								High/Ave/Median
Future Dividend Yield					Div Yield	3.84%	earning in	5	Years	at IRR of	0.00%	Div Inc.	0.00%								Future Dividend Yield
Future Dividend Yield					Div Yield	3.84%	earning in	10	Years	at IRR of	0.00%	Div Inc.	0.00%								Future Dividend Yield
Future Dividend Yield					Div Yield	3.84%	earning in	15	Years	at IRR of	0.00%	Div Inc.	0.00%								Future Dividend Yield
Future Dividend Paid					Div Paid	$0.22	earning in	5	Years	at IRR of	0.00%	Div Inc.	0.00%								Future Dividend Paid
Future Dividend Paid					Div Paid	$0.22	earning in	10	Years	at IRR of	0.00%	Div Inc.	0.00%								Future Dividend Paid
Future Dividend Paid					Div Paid	$0.22	earning in	15	Years	at IRR of	0.00%	Div Inc.	0.00%								Future Dividend Paid
Dividend Covering Cost					Total Div	$1.10	over	5	Years	at IRR of	0.00%	Div Cov.	19.20%								Dividend Covering Cost
Dividend Covering Cost					Total Div	$1.98	over	10	Years	at IRR of	0.00%	Div Cov.	34.55%								Dividend Covering Cost
Dividend Covering Cost					Total Div	$2.86	over	15	Years	at IRR of	0.00%	Div Cov.	49.91%								Dividend Covering Cost
Yield if held 5 years	13.23%	20.87%	35.29%	5.82%	0.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6.02%	14.12%	19.81%	8.40%	5.89%		0.00%	<-Median->	10	Paid Median Price
Yield if held 10 years					0.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.43%	2.23%	5.65%	7.23%	5.06%		0.00%	<-Median->	9	Paid Median Price
Yield if held 15 years										0.00%	0.00%	9.46%	18.00%	5.13%	3.07%	3.13%		4.73%	<-Median->	4	Paid Median Price
Yield if held 20 years															3.84%	9.65%		#NUM!	<-Median->	0	Paid Median Price
Cost cover if held 5 years	15.81%	42.17%	106.62%	31.86%	17.64%	13.68%	9.24%	3.17%	0.48%	0.00%	0.00%	6.02%	26.67%	51.89%	29.39%	26.51%		7.63%	<-Median->	10	Paid Median Price
Cost cover if held 10 years					23.05%	58.00%	78.17%	132.21%	32.29%	17.64%	13.68%	11.67%	7.39%	15.28%	25.32%	22.76%		23.05%	<-Median->	9	Paid Median Price
Cost cover if held 15 years										23.05%	58.00%	87.63%	166.21%	45.73%	28.39%	27.75%		72.82%	<-Median->	4	Paid Median Price
Cost cover if held 20 years															36.48%	101.43%		#NUM!	<-Median->	0	Paid Median Price
																				Yr	Item	Tot. Growth
Revenue Growth								$636.1	$397.0	$562.5	$866.3	$972.7	$980.8	$970	<-12 mths	-1.11%		54.20%	<-Total Growth	5	Revenue Growth	54.20%
EPS Growth								-$0.26	-$0.89	$0.07	$0.32	$0.55	$0.54	$0.57	<-12 mths	5.56%		307.69%	<-Total Growth	5	EPS Growth	307.69%
Net Income Growth								-$73.5	-$234.7	$17.2	$79.2	$121.0	$109.5	$103	<-12 mths	-5.52%		249.04%	<-Total Growth	5	Net Income Growth	249.04%
Cash Flow Growth								$28.6	$70.8	$74.1	$152.3	$248.5	$154.8	$217	<-12 mths	40.14%		440.89%	<-Total Growth	5	Cash Flow Growth	440.89%
Dividend Growth								$0.00	$0.00	$0.00	$0.00	$0.16	$0.18	$0.21	<-12 mths	16.67%		0.00%	<-Total Growth	5	Dividend Growth	0.00%
Stock Price Growth								$1.14	$1.68	$2.77	$3.66	$4.12	$5.13	$5.73	<-12 mths	11.70%		350.00%	<-Total Growth	5	Stock Price Growth	350.00%
Revenue Growth			$591.0	$404.0	$239.6	$929.9	$900.6	$636.1	$397.0	$562.5	$866.3	$972.7	$980.8	$1,070	<-this year	9.09%		65.96%	<-Total Growth	10	Revenue Growth	65.96%
EPS Growth			$0.44	-$0.53	-$0.52	$0.05	-$0.73	-$0.26	-$0.89	$0.07	$0.32	$0.55	$0.54	$0.59	<-this year	9.26%		24.05%	<-Total Growth	10	EPS Growth	24.05%
Net Income Growth			$49.1	-$62.1	-$72.2	$15.5	-$232.7	-$73.5	-$234.7	$17.2	$79.2	$121.0	$109.5	$117	<-this year	7.14%		123.00%	<-Total Growth	10	Net Income Growth	123.00%
Cash Flow Growth			$81.8	$13.1	-$4.0	$133.6	$100.9	$28.6	$70.8	$74.1	$152.3	$248.5	$154.8	$222	<-this year	43.23%		89.24%	<-Total Growth	10	Cash Flow Growth	89.24%
Dividend Growth			$0.35	$0.24	$0.02	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.16	$0.18	$0.21	<-this year	16.67%		-49.00%	<-Total Growth	10	Dividend Growth	-49.00%
Stock Price Growth			$5.29	$2.39	$4.14	$4.08	$1.18	$1.14	$1.68	$2.77	$3.66	$4.12	$5.13	$5.73	<-this year	11.70%		-2.99%	<-Total Growth	10	Stock Price Growth	-2.99%
Dividends on Shares				$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$28.80	$32.40	$37.80	$39.60	$39.60		$61.20	No of Years	10	Total Divs	12/31/14
Paid			$1,002.60	$115.20	$828.00	$734.40	$212.40	$205.20	$302.40	$498.60	$658.80	$741.60	$923.40	$1,031.40	$1,031.40	$1,031.40		$923.40	No of Years	10	Worth	$5.57
Total																		$984.60
Graham Number	$6.08	$5.71	$5.94	$5.38	$4.80	$1.98	$1.77	$1.75	$1.47	$1.77	$3.98	$5.53	$5.60	$5.46	$5.95	$6.36		-5.69%	<-Total Growth	10	Graham Price
Price/GP Ratio Med	1.16	1.15	1.36	0.69	0.63	2.20	1.50	0.73	0.72	1.48	0.94	0.74	0.82	0.90				0.78	<-Median->	10	Price/GP Ratio
Price/GP Ratio High	1.44	1.31	1.98	0.98	0.88	2.78	2.42	0.98	1.14	2.05	1.20	0.95	0.92	1.10				1.06	<-Median->	10	Price/GP Ratio
Price/GP Ratio Low	0.87	0.99	0.73	0.40	0.38	1.62	0.58	0.48	0.30	0.92	0.68	0.53	0.71	0.70				0.56	<-Median->	10	Price/GP Ratio
Price/GP Ratio Close	1.10	1.24	0.89	0.45	0.86	2.06	0.66	0.65	1.14	1.57	0.92	0.74	0.92	1.05	0.96	0.90		0.89	<-Median->	10	Price/GP Ratio
Prem/Disc Close	9.77%	23.75%	-11.01%	-55.48%	-13.88%	106.37%	-33.51%	-34.95%	14.16%	56.79%	-7.96%	-25.52%	-8.46%	4.96%	-3.64%	-9.87%		-11.17%	<-Median->	10	Graham Price
Canyon to Trican 2017	$11.35	$12.02	$8.99	$4.07	$7.03
Price Close TCW	$13.12	$12.98	$5.57	$0.64	$4.60	$4.08	$1.18	$1.14	$1.68	$2.77	$3.66	$4.12	$5.13	$5.73	$5.73	$5.73		701.56%	<-Total Growth	10	Stock Price
Increase	-25.24%	-1.07%	-57.09%	-88.51%	618.75%	-11.30%	-71.08%	-3.39%	47.37%	64.88%	32.13%	12.57%	24.51%	11.70%	0.00%	0.00%		#DIV/0!	<-Median->	10	CAPE (10 Yr P/E)
P/E	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	81.60	-1.62	-4.38	-1.89	39.57	11.44	7.49	9.50	9.71	8.19	7.16		35.10%	<-IRR #YR->	5	Stock Price	350.00%
Trailing P/E	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	-7.88	23.60	-1.56	-6.46	-3.11	52.29	12.88	9.33	10.61	9.71	8.19		-0.82%	<-IRR #YR->	10	Stock Price	-7.90%
CAPE (10 Yr P/E)			#DIV/0!	#DIV/0!	#DIV/0!	38.64	31.15	31.16	-15.68	-14.57	-17.49	-27.43	-36.72	16.81	#DIV/0!	#DIV/0!		37.14%	<-IRR #YR->	5	Price & Dividend	408.89%
Median 10, 5 Yrs		D.  per yr	0.64%	2.04%	% Tot Ret	0.00%	5.50%	T P/E	#DIV/0!	9.33	P/E:	#DIV/0!	9.50					-0.18%	<-IRR #YR->	10	Price & Dividend	4.15%
Price 15		D.  per yr	1.02%		% Tot Ret	-18.68%						CAPE Diff	#DIV/0!					-6.50%	<-IRR #YR->	15	Stock Price	-63.51%
Price 20		D.  per yr	1.11%		% Tot Ret	-37.22%												-4.09%	<-IRR #YR->	20	Stock Price
Price 25		D.  per yr	2.74%		% Tot Ret	31.57%												5.95%	<-IRR #YR->	25	Stock Price
Price 30		D.  per yr	3.20%		% Tot Ret	27.33%												8.52%	<-IRR #YR->	28	Stock Price
Price & Dividend 15																		-5.48%	<-IRR #YR->	15	Price & Dividend	-34.26%
Price & Dividend 20																		-2.98%	<-IRR #YR->	20	Price & Dividend
Price & Dividend 25																		8.69%	<-IRR #YR->	25	Price & Dividend
Price & Dividend 30																		11.72%	<-IRR #YR->	28	Price & Dividend
Price  5								-$1.14	$0.00	$0.00	$0.00	$0.00	$5.13								Price  5
Price 10			-$5.57	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$5.13								Price 10
Price & Dividend 5								-$1.14	$0.00	$0.00	$0.00	$0.16	$5.31								Price & Dividend 5
Price & Dividend 10			-$5.57	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.16	$5.31								Price & Dividend 10
Price 15	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$5.13								Price 15
Price 20	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$5.13								Price 20
Price 25	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$5.13								Price 25
Price 30	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$5.13								Price 30
Price & Dividend 15	$0.30	$0.30	$0.30	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.16	$5.31								Price & Dividend 15
Price & Dividend 20	$0.30	$0.30	$0.30	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.16	$5.31								Price & Dividend 20
Price & Dividend 25	$0.30	$0.30	$0.30	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.16	$5.31								Price & Dividend 25
Price & Dividend 30	$0.30	$0.30	$0.30	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.16	$5.31								Price & Dividend 30
Price Close FRC to TCW	$6.68	$7.07	$5.29	$2.39	$4.14	$4.08	$1.18	$1.14	$1.68	$2.77	$3.66	$4.12	$5.13	$5.73	$5.73	$5.73		114.28%	<-Total Growth	10	Stock Price
Increase	-5.02%	5.90%	-25.21%	-54.73%	72.73%	-1.34%	-71.08%	-3.39%	47.37%	64.88%	32.13%	12.57%	24.51%	11.70%	0.00%	0.00%		7.91	<-Median->	10	CAPE (10 Yr P/E)
P/E	13.05	-171.71	12.15	-4.52	-7.99	81.60	-1.62	-4.38	-1.89	39.57	11.44	7.49	9.50	9.71	8.19	7.16		35.10%	<-IRR #YR->	5	Stock Price	350.00%
Trailing P/E	7.42	13.82	-128.43	5.50	-7.81	-7.88	23.60	-1.56	-6.46	-3.11	52.29	12.88	9.33	10.61	9.71	8.19		-0.30%	<-IRR #YR->	10	Stock Price	-2.99%
CAPE (10 Yr P/E)			18.15	30.38	54.70	42.53	120.42	31.16	-15.68	-14.57	-17.49	-27.43	-36.72	-206.38	60.96	33.91		37.14%	<-IRR #YR->	5	Price & Dividend	379.82%
Median 10, 5 Yrs		D.  per yr	1.14%	2.04%	% Tot Ret	136.31%	5.50%	T P/E	1.97	9.33	P/E:	2.94	9.50					0.84%	<-IRR #YR->	10	Price & Dividend	8.28%
Price 15		D.  per yr	6.06%		% Tot Ret	39.89%						CAPE Diff	22.82%					9.14%	<-IRR #YR->	15	Stock Price	271.11%
Price 20		D.  per yr	2.48%		% Tot Ret	43.67%												3.20%	<-IRR #YR->	18	Stock Price
Price & Dividend 15																		15.20%	<-IRR #YR->	15	Price & Dividend	391.34%
Price & Dividend 20																		5.67%	<-IRR #YR->	18	Price & Dividend
Price  5								-$1.14	$0.00	$0.00	$0.00	$0.00	$5.13								Price  5
Price 10			-$5.29	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$5.13								Price 10
Price & Dividend 5								-$1.14	$0.00	$0.00	$0.00	$0.16	$5.31								Price & Dividend 5
Price & Dividend 10			-$5.29	$0.24	$0.02	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.16	$5.31								Price & Dividend 10
Price 15	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$5.13								Price 15
Price 20	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$5.13								Price 20
Price & Dividend 15	$0.30	$0.35	$0.35	$0.24	$0.02	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.16	$5.31								Price & Dividend 15
Price & Dividend 20	$0.30	$0.35	$0.35	$0.24	$0.02	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.16	$5.31								Price & Dividend 20
Price H/L Median	$7.03	$6.59	$8.06	$3.71	$3.04	$4.35	$2.66	$1.28	$1.06	$2.62	$3.74	$4.09	$4.57	$4.92				23.02%	<-Total Growth	10	Stock Price
Increase	-1.81%	-6.32%	22.41%	-53.94%	-18.13%	43.04%	-38.85%	-52.07%	-16.86%	147.17%	42.56%	9.37%	11.87%	7.55%				-5.52%	<-IRR #YR->	10	Stock Price	-43.33%
P/E	13.74	-160.00	18.53	-7.02	-5.88	87.00	-3.64	-4.90	-1.19	37.43	11.67	7.43	8.46	8.33				29.09%	<-IRR #YR->	5	Stock Price	258.43%
Trailing P/E	7.81	12.87	-195.86	8.53	-5.74	-8.40	53.20	-1.75	-4.08	-2.94	53.36	12.77	8.31	9.10				-4.53%	<-IRR #YR->	10	Price & Dividend
P/E on Run. 5 yr Ave	21.20	19.72	17.14	14.55	-107.71	-36.07	-10.30	-3.21	-2.26	-7.44	-12.53	-97.26	38.73	11.87				31.22%	<-IRR #YR->	5	Price & Dividend
P/E on Run. 10 yr Ave			37.98	27.58	39.47	41.20	70.22	34.85	-9.90	-13.78	-17.85	-27.20	-32.71	-177.02				7.43	P/E Ratio		Historical Median
Median 10, 5 Yrs		D.  per yr	747.26%	-31.22%	% Tot Ret	100.61%	0.00%	T P/E	3.28	8.31	P/E:	3.12	8.46						Count	18	Years of data
			-$8.06	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.57
								-$1.28	$0.00	$0.00	$0.00	$0.00	$4.57
			-$8.06	$0.24	$0.02	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.16	$4.75
								-$1.28	$0.00	$0.00	$0.00	$0.16	$4.75
High Months	Mar	Aug	Jul	Apr	Dec	Feb	Jan	Apr	Dec	Nov	Jun	Sep	Aug	Aug
Canyon to Trican 2017	$14.91	$12.74	$20.00	$8.96	$7.21
Price High	$8.77	$7.49	$11.76	$5.27	$4.24	$5.49	$4.29	$1.71	$1.68	$3.62	$4.78	$5.24	$5.18	$5.99				-1.72%	<-Total Growth	10	Stock Price
Increase	-6.23%	-14.55%	56.99%	-55.20%	-19.53%	29.45%	-21.86%	-60.14%	-1.75%	115.48%	32.04%	9.62%	-1.15%	15.64%				-7.88%	<-IRR #YR->	10	Stock Price	-55.97%
P/E	17.14	-182.00	27.03	-9.96	-8.19	109.80	-5.88	-6.58	-1.89	51.71	14.94	9.53	9.59	10.15				24.81%	<-IRR #YR->	5	Stock Price	202.92%
Trailing P/E	9.75	14.64	-285.71	12.11	-8.01	-10.61	85.80	-2.34	-6.46	-4.07	68.29	16.38	9.42	11.09				9.53	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	3.54	9.42	P/E:	3.82	9.59					27.03	P/E Ratio		Historical High
			-$11.76	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$5.18
								-$1.71	$0.00	$0.00	$0.00	$0.00	$5.18
Low Months	Jul	Apr	Dec	Dec	Jan	Jun	Dec	Nov	Mar	Jan	Sep	Mar	Feb	Apr
Canyon to Trican 2017	$9.00	$9.66	$7.42	$3.67	$3.13
Price Low	$5.29	$5.68	$4.36	$2.16	$1.84	$3.21	$1.03	$0.84	$0.44	$1.62	$2.69	$2.93	$3.96	$3.84				83.43%	<-Total Growth	10	Stock Price
Increase	6.51%	7.33%	-23.19%	-50.54%	-14.71%	74.35%	-67.91%	-18.45%	-47.62%	268.18%	66.05%	8.92%	35.15%	-3.03%				-0.97%	<-IRR #YR->	10	Stock Price	-9.27%
P/E	10.34	-138.00	10.03	-4.08	-3.56	64.20	-1.41	-3.23	-0.49	23.14	8.41	5.33	7.33	6.51				36.36%	<-IRR #YR->	5	Stock Price	371.43%
Trailing P/E	5.88	11.10	-106.00	4.96	-3.48	-6.20	20.60	-1.15	-1.69	-1.82	38.43	9.16	7.20	7.11				2.58	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	1.90	7.20	P/E:	2.42	7.33					-4.08	P/E Ratio		Historical Low
			-$4.36	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$3.96
								-$0.84	$0.00	$0.00	$0.00	$0.00	$3.96
MS etc.
Free Cash Flow Mkr Sc	-$258.00	$64.00	-$29.00	$102.70	-$95.38	$103.27	$25.52	-$4.60	$57.98	$20.21	$48.61	$169.20	$137.10	138.5	178.5	137.1
Change	4.44%	124.81%	-145.31%	454.12%	-192.88%	208.27%	-75.28%	-118.02%	1360.43%	-65.14%	140.52%	248.08%	-18.97%	1.02%	28.88%	-23.19%
Free Cash Flow Company									$7.5	$79.4	$157.0	$161.0	$137.1
Change										958.67%	97.73%	2.55%	-14.84%
Free Cash Flow MS chage in 2024			$134.21	-$171.51	-$97.78	$144.67	-$2.78	-$4.43	$7.55	$48.45	$84.66	$120.76	$85.03
Change				-227.79%	42.99%	247.95%	-101.92%	-59.35%	270.43%	541.72%	74.74%	42.64%	-29.59%	$85.03	<-12 mths	0.00%
														$93.10	<-12 mths	16.70%
Free Cash Flow  WSJ	-$258.00	$64.00	-$29.00	$102.70	-$95.38	$103.27	$25.52	-$4.60	$57.98	$20.21	$48.61	$169.17	$79.78	$120.8	$120.9			-22.32%	<-Total Growth	10	Free Cash Flow
Change	4.44%	124.81%	-145.31%	454.12%	-192.88%	208.27%	-75.28%	-118.02%	1360.43%	-65.14%	140.53%	248.00%	-52.84%	51.43%	0.08%			#NUM!	<-IRR #YR->	5	Free Cash Flow MS	1834.24%
FCF/CF from Op Ratio	-2.93	1.24	-0.35	7.84	23.64	0.77	0.25	-0.16	0.82	0.27	0.32	0.68	0.52	0.54	0.45			#NUM!	<-IRR #YR->	10	Free Cash Flow MS	375.09%
Dividends paid	$31.26	$37.11	$37.52	$22.37	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$34.34	$34.34	$39.67	$46.69			53.55%	<-Total Growth	10	Dividends paid
Percentage paid				21.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	20.30%	43.05%	32.84%	38.62%			$0.00	<-Median->	10	Percentage paid
5 Year Coverage								17.01%	0.00%	0.00%	0.00%	11.79%	18.28%	24.71%	28.75%						5 Year Coverage
Dividend Coverage Ratio				4.59	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.93	2.32	3.04	2.59			0.00	<-Median->	10	Dividend Coverage Ratio
5 Year of Coverage								5.88	0.00	0.00	0.00	8.48	5.47	4.05	3.48						5 Year of Coverage
								$4.60	0.00	0.00	0.00	0.00	79.78
			$29.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	79.78
Market Cap	$702.0	$751.6	$616.7	$281.3	$604.9	$1,381.1	$355.8	$309.5	$429.6	$684.1	$841.0	$861.6	$969.2	$1,216.1	$1,216.1	$1,216.1		244.49%	<-Total Growth	10	Market Cap
Canyon to Trican 2017	0.000	62.333	66.566	68.882	82.004
Diluted # of Shares in Million	103.921	105.966	113.162	117.099	139.407	284.615	322.125	322.125	263.830	257.786	246.655	221.451	221.451	255.366				95.69%	<-Total Growth	10	Diluted
Change	0.74%	1.97%	6.79%	3.48%	19.05%	104.16%	13.18%	0.00%	-18.10%	-2.29%	-4.32%	-10.22%	0.00%	15.31%				0.00%	<-Median->	10	Change
Difference Diluted/Basic	0.0%	0.0%	-1.3%	0.0%	0.0%	-1.0%	0.0%	0.0%	0.0%	-1.8%	-2.1%	-2.1%	-2.1%	0.0%				-0.49%	<-Median->	10	Difference Diluted/Basic
Calc Average # basic	103.927	106.250	111.280	117.230	139.475
Canyon to Trican 2017	61.130	62.333	65.699	68.882	82.004
Basic # of Shares in Millions	103.921	105.966	111.688	117.099	139.407	281.817	322.125	322.125	263.830	253.154	241.410	216.910	216.910	255.366				94.21%	<-Total Growth	10	Basic
Change	0.74%	1.97%	5.40%	4.84%	19.05%	102.15%	14.30%	0.00%	-18.10%	-4.05%	-4.64%	-10.15%	0.00%	17.73%				0.00%	<-Median->	10	Change
Difference Basic/Outstanding	1.2%	0.3%	4.4%	0.4%	4.9%	20.1%	-6.4%	-15.7%	-3.1%	-2.4%	-4.8%	-3.6%	-12.9%	-16.9%				-3.33%	<-Median->	10	Difference Basic/Outstanding
														$216.99	<-12 mths	40.14%
Canyon to Trican 2017	61.846	62.528	68.604	69.124	86.049
# of Share in Millions	105.138	106.298	116.627	117.511	146.283	338.506	301.505	271.490	255.736	246.965	229.777	209.133	188.924	212.231	212.231	212.231		4.94%	<-IRR #YR->	10	Shares	61.99%
Change	1.40%	1.10%	9.72%	0.76%	24.48%	131.40%	-10.93%	-9.96%	-5.80%	-3.43%	-6.96%	-8.98%	-9.66%	12.34%	0.00%	0.00%		-6.99%	<-IRR #YR->	5	Shares	-30.41%
Cash Flow from Operations $M	$87.9	$51.5	$81.8	$13.1	-$4.0	$133.6	$100.9	$28.6	$70.8	$74.1	$152.3	$248.5	$154.8	$221.8	$266.3	$303.5		89.24%	<-Total Growth	10	Cash Flow
Increase	-19.16%	-41.48%	59.03%	-83.99%	-130.80%	-3410.48%	-24.43%	-71.64%	147.20%	4.71%	105.58%	63.11%	-37.68%	43.23%	20.10%	13.94%		SO	S. Issues
5 year Running Average	$53.2	$61.4	$81.8	$81.8	$81.8	$81.8	$81.8	$81.8	$81.8	$81.8	$81.8	$81.8	$81.8	$170.3	$208.8	$239.0		0.00%	<-Total Growth	10	CF 5 Yr Running
CFPS	$0.84	$0.48	$0.70	$0.11	-$0.03	$0.39	$0.33	$0.11	$0.28	$0.30	$0.66	$1.19	$0.82	$1.05	$1.26	$1.43		16.82%	<-Total Growth	10	Cash Flow per Share
Increase	-20.28%	-42.11%	44.95%	-84.11%	-124.74%	-1530.61%	-15.16%	-68.50%	162.43%	8.42%	120.95%	79.21%	-31.01%	27.50%	20.10%	13.94%		6.59%	<-IRR #YR->	10	Cash Flow	89.24%
5 year Running Average	$0.55	$0.59	$0.73	$0.64	$0.42	$0.33	$0.30	$0.18	$0.22	$0.28	$0.34	$0.51	$0.65	$0.80	$0.99	$1.15		40.16%	<-IRR #YR->	5	Cash Flow	440.89%
P/CF on Med Price	8.41	13.61	11.50	33.32	-110.25	11.02	7.95	12.09	3.83	8.73	5.63	3.44	5.58	4.70	0.00	0.00		1.57%	<-IRR #YR->	10	Cash Flow per Share	16.82%
P/CF on High Price	10.49	15.48	16.77	47.27	-153.76	13.91	12.81	16.22	6.07	12.07	7.21	4.41	6.32	5.73	0.00	0.00		50.70%	<-IRR #YR->	5	Cash Flow per Share	677.28%
															-15.58%	Diff M/C		-1.18%	<-IRR #YR->	10	CFPS 5 yr Running	114.36%
														$263.01	<-12 mths	17.36%
Excl.Working Capital CF	$17.6	-$18.8	$37.4	$15.5	-$20.8	$12.9	$5.0	$1.7	-$48.0	$27.1	$37.5	-$46.0	$69.3	$0.0	$0.0	$0.0		28.73%	<-IRR #YR->	5	CFPS 5 yr Running	253.44%
CF fr Op $M WC	$105.5	$32.7	$119.2	$28.6	-$24.8	$146.5	$105.9	$30.3	$22.8	$101.2	$189.9	$202.4	$224.1	$221.8	$266.3	$303.5		88.02%	<-Total Growth	10	Cash Flow less WC
Increase	-34.49%	-69.03%	264.86%	-76.00%	-186.65%	-690.89%	-27.70%	-71.36%	-24.93%	344.27%	87.69%	6.62%	10.70%	-1.04%	20.10%	13.94%		6.52%	<-IRR #YR->	10	Cash Flow less WC	88.02%
5 year Running Average	$69.9	$74.8	$98.7	$89.4	$52.2	$60.4	$75.1	$57.3	$56.1	$81.3	$90.0	$109.3	$148.1	$187.9	$220.9	$243.6		49.18%	<-IRR #YR->	5	Cash Flow less WC	638.78%
CFPS Excl. WC	$1.00	$0.31	$1.02	$0.24	-$0.17	$0.43	$0.35	$0.11	$0.09	$0.41	$0.83	$0.97	$1.19	$1.05	$1.26	$1.43		4.13%	<-IRR #YR->	10	CF less WC 5 Yr Run	97.22%
Increase	-35.39%	-69.37%	232.55%	-76.18%	-169.61%	-355.35%	-18.83%	-68.19%	-20.31%	360.04%	101.73%	17.15%	22.54%	-11.90%	20.10%	13.94%		20.91%	<-IRR #YR->	5	CF less WC 5 Yr Run	158.38%
5 year Running Average	$0.70	$0.72	$0.92	$0.83	$0.48	$0.37	$0.38	$0.19	$0.16	$0.28	$0.36	$0.48	$0.70	$0.89	$1.06	$1.18		17.16%	<-IRR #YR->	10	CFPS - Less WC	16.07%
P/CF on Med Price	7.01	21.44	7.89	15.26	-17.95	10.05	7.57	11.41	11.90	6.40	4.52	4.22	3.85	4.70	0.00	0.00		60.40%	<-IRR #YR->	5	CFPS - Less WC	961.66%
P/CF on High Price	8.74	24.39	11.51	21.65	-25.03	12.69	12.21	15.30	18.87	8.84	5.78	5.41	4.37	5.73	0.00	0.00		10.53	<-Median->	10	P/CF on High
P/CF on Low Price	5.28	18.49	4.27	8.87	-10.87	7.42	2.93	7.52	4.94	3.95	3.26	3.03	3.34	3.67	0.00	0.00		3.65	<-Median->	10	P/CF on Low
P/CF on Closing Price	6.66	23.01	5.17	9.83	-24.40	9.43	3.36	10.20	18.87	6.76	4.43	4.26	4.32	5.48	4.57	4.01		-2.80%	<-IRR #YR->	10	CFPS 5 yr Running	85.07%
*Operational Cash Flow per share			CF/-WC	P/CF Med	10 yr	6.79	5 yr	5.58	P/CF Med	10 yr	6.98	5 yr	4.52		-17.93%	Diff M/C		29.11%	<-IRR #YR->	5	CFPS 5 yr Running	258.80%
			-116.6	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	188.9								Shares
								-271.5	0.0	0.0	0.0	0.0	188.9								Shares
			-$81.8	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$154.8								Cash Flow
								-$28.6	$0.0	$0.0	$0.0	$0.0	$154.8								Cash Flow
			-$0.70	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.82								Cash Flow per Share
								-$0.11	$0.00	$0.00	$0.00	$0.00	$0.82								Cash Flow per Share
			-$0.73	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.65								CFPS 5 yr Running
								-$0.18	$0.00	$0.00	$0.00	$0.00	$0.65								CFPS 5 yr Running
			-$119.2	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$224.1								Cash Flow less WC
								-$30.3	$0.0	$0.0	$0.0	$0.0	$224.1								Cash Flow less WC
			-$98.7	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$148.1								CF less WC 5 Yr Run
								-$57.3	$0.0	$0.0	$0.0	$0.0	$148.1								CF less WC 5 Yr Run
			-$0.24	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.19								CFPS - Less WC
								-$0.11	$0.00	$0.00	$0.00	$0.00	$1.19								CFPS - Less WC
			-$0.92	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.70								CFPS 5 yr Running
								-$0.19	$0.00	$0.00	$0.00	$0.00	$0.70								CFPS 5 yr Running
Change in inventories	$2.1	-$3.00	-$5.74	$6.24	$4.62	$1.988	$0.714	$6.277	$7.984	$2.557	-$5.646	$3.139	$1.280
Change in trade and other receivables	$23.3	$1.58	-$51.35	$64.53	$12.30	-$24.777	$70.298	-$11.342	$65.818	-$51.027	-$47.648	-$5.686	-$29.493
Chge in Prepaid Expenses						$1.647	-$6.288	$1.380	$4.617	$0.742	-$1.001	-$1.180	-$0.067
Change in prepayments	$1.9	-$0.99	-$0.02	-$0.01	-$0.86
Change in trade and other payables	-$12.7	$26.99	$13.00	-$77.28	-$5.07	-$10.171	-$41.180	$5.747	-$27.912	$19.350	$18.248	$15.763	$23.025
Chnged in Tax liabilities												$36.370	-$2.291
Interest paid	-$0.7	-$0.66				-$14.722	-$16.974	-$4.291	-$2.862	-$1.430	-$2.475	-$2.393	-$61.716
Income tax received (paid)	-$31.5	-$5.14	$6.75	-$8.98	$9.76	$33.137	-$11.533	$0.522	$0.350	$2.740	$0.973
Sum	-$17.56	$18.78	-$37.37	-$15.51	$20.75	-$12.90	-$4.963	-$1.707	$47.995	-$27.068	-$37.549	$46.013	-$69.262
Google ->TD	-$17.56	$18.78	-$37.37	-$15.51	$20.75	-$13	-$5	-$2	$48	-$27	-$38	$46	-$69
Difference	$0.00	$0.00	$0.00	$0.01	$0.00	$0	$0	$0	$0	$0	$0	$0	$0
OPM	24.90%	17.16%	13.84%	3.24%	-1.68%	14.36%	11.21%	4.50%	17.82%	13.17%	17.58%	25.54%	15.79%	20.73%				14.03%	<-Total Growth	10	OPM
Increase	-14.82%	-31.06%	-19.33%	-76.57%	-151.93%	952.85%	-21.97%	-59.85%	296.04%	-26.09%	33.48%	45.27%	-38.20%	31.30%					Should increase		or be stable.
Diff from Median	80.8%	24.6%	0.5%	-76.4%	-112.2%	4.3%	-18.6%	-67.3%	29.5%	-4.3%	27.7%	85.5%	14.7%	50.5%				0.00	<-Median->	10	OPM
*Operational Profit Margin (CF/Revenue) Ratio									OPM	10 Yrs	13.77%	5 Yrs	17.58%					should be	zero, it is a		check on calculations
														$169.3	<-12 mths	13.97%						Earnings before Interest, Taxes
Adjusted EBIT Mkt Scn										$14.22	$110.20	$161.60	$148.50	$161.30	$205.80	$210.40		944.30%	<-Total Growth	3	Adjusted EBIT Mkt Scn
Change											674.96%	46.64%	-8.11%	8.62%	27.59%	2.24%		46.64%	<-Median->	3	Change
Margin										2.53%	12.72%	16.61%	15.14%	15.07%	15.64%	15.63%		13.93%	<-Median->	4	Margin
														$212.9	<-12 mths	-5.86%
Adjusted EBITDA Mkt Scn								$30.37	$14.62	$101.60	$197.80	$238.80	$226.10	241	306.6	327.8		644.48%	<-Total Growth	5	Adjusted EBITDA Mkt Scn
Change									-51.86%	594.94%	94.69%	20.73%	-5.32%	6.59%	27.22%	6.91%		20.73%	<-Median->	5	Change
Margin								4.77%	3.68%	18.06%	22.83%	24.55%	23.05%	22.52%	23.30%	24.35%		20.45%	<-Median->	6	Margin
														$211.9	<-12 mths	-3.33%
Adjusted EBITDA					-$37.40	$183.30	$89.50	$28.00	$14.60	$101.60	$188.50	$235.60	$219.20	$239.10	$305.20			686.10%	<-Total Growth	8	Adjusted EBITDA	Depreciation and Amortization
Change						590.11%	-51.17%	-68.72%	-47.86%	595.89%	85.53%	24.99%	-6.96%	9.08%	27.65%			9.01%	<-Median->	8	Change	The EBITDA margin is a measure of a company's operating profit as a percentage of its revenue.
Margin					-15.61%	19.71%	9.94%	4.40%	3.68%	18.06%	21.76%	24.22%	22.35%	22.35%	23.19%			18.06%	<-Median->	9	Margin	Estimates TD Cowen
														$221.2	<-12 mths	-4.31%
Adjusted EBITDAS									$23.10	$106.10	$197.80	$243.14	$231.20	$248.50	$317.20			900.87%	<-Total Growth	4	Adjusted EBITDAS	S=And Share- Based Comp.
Change										359.31%	86.43%	22.92%	-4.91%	7.48%	27.65%			54.67%	<-Median->	4	Change	Estimates TD Cowen
Margin									5.82%	18.86%	22.83%	25.00%	23.57%	23.22%	24.10%			22.83%	<-Median->	5	Margin
Long Term Debt			$30.00	$60.00	$25.00	$83.36	$45.91	$46.22	$0.00	$0.00	$29.82	$0.00	$0.00	$0.00				#DIV/0!	<-Total Growth	10	Debt
Change				100.00%	-58.33%	233.44%	-44.93%	0.67%	-100.00%	0.00%	0.00%	-100.00%	0.00%	0.00%				0.00%	<-Median->	10	Change
Debt/Market Cap Ratio			0.05	0.21	0.04	0.06	0.13	0.15	0.00	0.00	0.04	0.00	0.00	0.00				0.04	<-Median->	10	% of Market C.
Assets/Current Liabilities Ratio			4.32	8.04	8.48	9.98	12.09	9.97	9.29	7.45	7.15	4.92	5.04	6.01				8.26	<-Median->	10	Assets/Current Liabilities
Debt to Cash Flow (Years)			0.37	4.58	0.00	0.62	0.45	1.61	0.00	0.00	0.20	0.00	0.00	0.00				0.10	<-Median->	10	Debt to Cash Flow (Years)
Intangibles	$0.32	$0.18	$41.26	$35.24	$29.22	$557.48	$44.87	$34.42	$23.96	$13.50	$3.04	$0.00	$0.00	$0.00				#DIV/0!	<-Total Growth	10	Intangibles	Type
Goodwill	$0.00	$0.00	$49.83	$21.43	$21.43	$261.03	$131.00	$131.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00				#DIV/0!	<-Total Growth	10	Goodwill	Lg Term R
Total	$0.32	$0.18	$91.10	$56.67	$50.65	$818.51	$175.87	$165.42	$23.96	$13.50	$3.04	$0.00	$0.00	$0.00				#DIV/0!	<-Total Growth	10	Total	Intang/GW
Change		-44.34%	51366.10%	-37.79%	-10.63%	1516.04%	-78.51%	-5.95%	-85.52%	-43.65%	-77.46%	-100.00%	#DIV/0!	#DIV/0!				#DIV/0!	<-Median->	9	Change	Liquidity
Intangible/Market Cap Ratio	0.00	0.00	0.15	0.20	0.08	0.59	0.49	0.53	0.06	0.02	0.00	0.00	0.00	0.00				0.07	<-Median->	10	% of Market C.	Liq. + CF
																						Debt Ratio
Current Assets	$106.08	$119.05	$169.86	$91.02	$82.31	$292.08	$201.45	$232.74	$122.46	$181.34	$263.26	$297.63	$263.44	$220.52				55.09%	<-Total Growth	10	Current Assets	Leverage
Current Liabilities	$49.83	$77.32	$147.98	$63.44	$54.04	$150.94	$85.83	$92.93	$60.63	$77.58	$93.90	$144.44	$135.48	$106.39				-9.23%	<-Total Growth	10	Current Liabilities	D/E Ratio
Liquidity	2.13	1.54	1.15	1.43	1.52	1.94	2.35	2.50	2.02	2.34	2.80	2.06	1.94	2.07				2.04	<-Median->	10	Ratio
Liq. with CF aft div	3.61	1.48	1.68	1.44	1.45	2.91	3.58	2.83	2.40	3.64	4.83	3.23	3.35	3.74				3.35	<-Median->	5	Ratio	CF less WC
Liq. CF re  Inv+Div	1.28	1.44	0.93	1.17	1.17	2.91	3.58	2.83	2.40	2.42	2.52	2.13	2.15	3.74				2.40	<-Median->	5	Ratio	CF less WC
Assets	$406.11	$402.71	$638.77	$510.09	$458.03	$1,506.22	$1,037.81	$926.52	$563.21	$577.84	$671.12	$710.44	$683.07	$639.34				6.94%	<-Total Growth	10	Assets
Liabilities	$68.34	$101.32	$218.24	$163.15	$113.68	$330.17	$193.67	$185.41	$70.94	$88.44	$166.45	$193.38	$194.68	$162.84				-12.10%	<-Total Growth	10	Liabilities
Debt Ratio	5.94	3.97	2.93	3.13	4.03	4.56	5.36	5.00	7.94	6.53	4.03	3.67	3.51	3.93				4.30	<-Median->	10	Ratio
Estimates BVPS														$3.49	$3.69	$4.33			Estimates		Estimates BVPS
Estimate Book Value														$740.7	$783.1	$919.0			Estimates		Estimate Book Value
P/B Ratio (Close)														1.64	1.55	1.32			Estimates		P/B Ratio (Close)
Difference from 10 year median															28.77%	Diff M/C			Estimates		Difference from 10 yr med.
Total Book Value	$337.78	$301.39	$420.53	$346.94	$344.35	$1,176.05	$844.14	$741.11	$492.28	$489.40	$504.67	$517.07	$488.39	$476.50	$476.50	$476.50		16.14%	<-Total Growth	10	Book Value
Warrents	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Book Value	$337.78	$301.39	$420.53	$346.94	$344.35	$1,176.05	$844.14	$741.11	$492.28	$489.40	$504.67	$517.07	$488.39	$476.50	$476.50	$476.50		16.14%	<-Total Growth	10	Book Value
Book Value per share	$3.21	$2.84	$3.61	$2.95	$2.35	$3.47	$2.80	$2.73	$1.92	$1.98	$2.20	$2.47	$2.59	$2.25	$2.25	$2.25		-28.31%	<-Total Growth	10	Book Value per Share
Change	6.07%	-11.75%	27.17%	-18.12%	-20.27%	47.59%	-19.41%	-2.50%	-29.48%	2.95%	10.83%	12.57%	4.56%	-13.15%	0.00%	0.00%		93.03%	P/B Ratio		Current/Historical Median
P/B Ratio (Median)	2.19	2.32	2.24	1.26	1.29	1.25	0.95	0.47	0.55	1.32	1.70	1.65	1.77	2.19	0.00	0.00		1.32	P/B Ratio		Historical Median
P/B Ratio (Close)	2.08	2.49	1.47	0.81	1.76	1.17	0.42	0.42	0.87	1.40	1.67	1.67	1.98	2.55	2.55	2.55		-3.27%	<-IRR #YR->	10	Book Value	-28.31%
Change	-10.46%	20.00%	-41.19%	-44.71%	116.63%	-33.15%	-64.11%	-0.91%	108.99%	60.16%	19.21%	0.00%	19.09%	28.61%				-1.08%	<-IRR #YR->	5	Book Value	-5.30%
Leverage (A/BK)	1.20	1.34	1.52	1.47	1.33	1.28	1.23	1.25	1.14	1.18	1.33	1.37	1.40	1.34				1.31	<-Median->	10	A/BV
Debt/Equity Ratio	0.20	0.34	0.52	0.47	0.33	0.28	0.23	0.25	0.14	0.18	0.33	0.37	0.40	0.34				0.31	<-Median->	10	Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities)									P/BV	10 yr Med	1.28	5 yr Med	1.65		100.16%	Diff M/C		1.31	Historical		A/BV
			-$3.61	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.59
								-$2.73	$0.00	$0.00	$0.00	$0.00	$2.59
														$103.43	<-12 mths	-5.52%
Comprehensive Income	$54.41	-$4.38	$49.09	-$62.06	-$72.20	$11.07	-$233.34	-$72.72	-$233.51	$17.35	$79.22	$121.01	$109.48					123.00%	<-Total Growth	10	Comprehensive Income
Increase	-42.89%	-108.04%	1222.15%	-226.42%	-16.33%	115.33%	-2208.84%	68.83%	-221.09%	107.43%	356.60%	52.76%	-9.53%					52.76%	<-Median->	5	Comprehensive Income
5 Yr Running Average	$38.19	$37.72	$49.75	$26.47	-$7.03	-$15.70	-$61.49	-$85.85	-$120.14	-$102.23	-$88.60	-$17.73	$18.71					8.35%	<-IRR #YR->	10	Comprehensive Income	123.00%
ROE	16.1%	-1.5%	11.7%	-17.9%	-21.0%	0.9%	-27.6%	-9.8%	-47.4%	3.5%	15.7%	23.4%	22.4%					#NUM!	<-IRR #YR->	5	Comprehensive Income	250.54%
5Yr Median	16.1%	16.1%	16.1%	11.7%	-1.5%	-1.5%	-17.9%	-17.9%	-21.0%	-9.8%	-9.8%	3.5%	15.7%					-9.32%	<-IRR #YR->	10	5 Yr Running Average	219.20%
% Difference from NI	0.0%	0.0%	0.0%	0.0%	0.0%	-28.6%	0.3%	-1.0%	-0.5%	0.7%	0.0%	0.0%	0.0%					#NUM!	<-IRR #YR->	5	5 Yr Running Average	121.79%
Median Values										Diff	5, 10 yr	0.0%	0.0%					15.7%	<-Median->	5	Return on Equity
			-$49.1	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$109.5
								$72.7	$0.0	$0.0	$0.0	$0.0	$109.5
	\	\	-$49.8	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$18.7
								$85.9	$0.0	$0.0	$0.0	$0.0	$18.7
Current Liability Coverage Ratio	2.12	0.42	0.81	0.45	-0.46	0.97	1.23	0.33	0.38	1.30	2.02	1.40	1.65	2.08							CFO / Current Liabilities
5 year Median	1.60	1.60	1.60	0.81	0.45	0.45	0.81	0.45	0.38	0.97	1.23	1.30	1.40	1.65				1.35	<-Median->	4	Current Liability Cov Ratio
Asset Efficiency Ratio	25.97%	8.11%	18.66%	5.61%	-5.41%	9.72%	10.20%	3.27%	4.04%	17.51%	28.29%	28.50%	32.81%	34.69%							CFO / Total Assets
5 year Median	25.97%	25.97%	25.97%	18.66%	8.11%	8.11%	9.72%	5.61%	4.04%	9.72%	10.20%	17.51%	28.29%	28.50%				22.9%	<-Median->	4	Return on Assets
Return on Assets ROA	13.4%	-1.1%	7.7%	-12.2%	-15.8%	1.0%	-22.4%	-7.9%	-41.7%	3.0%	11.8%	17.0%	16.0%	18.3%				Net	Income/Assets		Return on Assets
5Yr Median	13.4%	13.4%	13.4%	7.7%	-1.1%	-1.1%	-12.2%	-12.2%	-15.8%	-7.9%	-7.9%	3.0%	11.8%	16.0%				-3.4%	<-Median->	10	Asset Efficiency Ratio
Return on Equity ROE	16.1%	-1.5%	11.7%	-17.9%	-21.0%	1.3%	-27.6%	-9.9%	-47.7%	3.5%	15.7%	23.4%	22.4%	24.6%				Net Inc/	Shareholders' equity		Return on Equity
5Yr Median	16.1%	16.1%	16.1%	11.7%	-1.5%	-1.5%	-17.9%	-17.9%	-21.0%	-9.9%	-9.9%	3.5%	15.7%	22.4%				-4.3%	<-Median->	10	Return on Equity
														$103.43	<-12 mths	-5.52%
Net Income	$54.41	-$4.38	$49.09	-$62.06	-$72.20	$15.50	-$232.66	-$73.46	-$234.69	$17.22	$79.22	$121.01	$109.48	$117.3	$152.5	$158.8		123.00%	<-Total Growth	10	Net Income
Increase	-42.89%	-108.04%	1222.15%	-226.42%	-16.33%	121.46%	-1601.50%	68.43%	-219.48%	107.34%	360.02%	52.76%	-9.53%	7.14%	30.01%	4.13%		EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average	$38.2	$37.7	$49.8	$26.5	-$7.0	-$14.8	-$60.5	-$85.0	-$119.5	-$101.6	-$88.9	-$18.1	$18.4	$88.8	$115.9	$131.8		8.35%	<-IRR #YR->	10	Net Income	123.00%
Operating Cash Flow	$87.91	$51.45	$81.82	$13.10	-$4.04	$133.58	$100.94	$28.63	$70.77	$74.10	$152.32	$248.46	$154.84					#NUM!	<-IRR #YR->	5	Net Income	249.04%
Investment Cash Flow	-$76.93	-$14.82	-$78.69	-$14.88	-$13.93	$62.17	$51.16	$2.65	$13.26	-$39.35	-$85.80	-$75.09	-$75.92					-9.44%	<-IRR #YR->	10	5 Yr Running Ave.	362.52%
Total Accruals	$43.43	-$41.01	$45.97	-$60.29	-$54.23	-$180.25	-$384.76	-$104.74	-$318.72	-$17.52	$12.69	-$52.36	$30.56					#NUM!	<-IRR #YR->	5	5 Yr Running Ave.	121.71%
Total Assets	$406.11	$402.71	$638.77	$510.09	$458.03	$1,506.22	$1,037.81	$926.52	$563.21	$577.84	$671.12	$710.44	$683.07						Balance Sheet		Assets
Accruals Ratio	10.69%	-10.18%	7.20%	-11.82%	-11.84%	-11.97%	-37.07%	-11.30%	-56.59%	-3.03%	1.89%	-7.37%	4.47%					-3.03%	<-Median->	5	Ratio
EPS/CF Ratio	0.51	-0.13	0.43	-2.17	3.05	0.12	-2.08	-2.33	-10.00	0.17	0.39	0.57	0.46					0.14	<-Median->	10	EPS/CF Ratio
			-$49.1	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$109.5
								$73.5	$0.0	$0.0	$0.0	$0.0	$109.5
			-$49.8	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$18.4
								$85.0	$0.0	$0.0	$0.0	$0.0	$18.4
Change in Close	-5.02%	5.90%	-25.21%	-54.73%	72.73%	-1.34%	-71.08%	-3.39%	47.37%	64.88%	32.13%	12.57%	24.51%	11.70%	0.00%	0.00%			Count	19	Years of data
up/down	down	down	up	down	up	up	up	up	up	up			up						Count	14	73.68%
Meet Prediction?	yes			Yes	Yes				yes	yes								% right	Count	7	50.00%
Financial Cash Flow	-$30.88	-$37.91	-$3.82	-$15.78	$17.38	-$202.67	-$155.67	-$32.84	-$68.67	-$27.84	-$37.83	-$142.73	-$141.39						C F Statement		Financial Cash Flow
Total Accruals	$74.31	-$3.10	$49.79	-$44.51	-$71.61	$22.42	-$229.09	-$71.90	-$250.05	$10.32	$50.52	$90.37	$171.95								Accruals
Accruals Ratio	18.30%	-0.77%	7.79%	-8.73%	-15.63%	1.49%	-22.07%	-7.76%	-44.40%	1.79%	7.53%	12.72%	25.17%					7.53%	<-Median->	5	Ratio
Cash	$22.58	$21.31	$20.63	$3.06	$2.47	$12.74	$8.25	$7.20	$22.61	$29.51	$58.11	$88.75	$26.28	$36.34							Cash
Cash Per share	$0.21	$0.20	$0.18	$0.03	$0.02	$0.04	$0.03	$0.03	$0.09	$0.12	$0.25	$0.42	$0.14	$0.17				$0.14	<-Median->	5	Cash per Share
Percentage of Stock Price	3.22%	2.84%	3.35%	1.09%	0.41%	0.92%	2.32%	2.33%	5.26%	4.31%	6.91%	10.30%	2.71%	2.99%				5.26%	<-Median->	5	% of Stock Price
Notes:
Next year maybe think about going straight Trican Well Services?
September 11, 2025.  Last estimates were for 2024, 2025, 2026 of $960.4M, $1010M, $1053M Revenue, $0.73, $0.73 2024/5 FCF, $0.51, $058, $0.64 EPS,
$0.18, $0.19, $0.22 Dividends, $77.7M, $120.8M, $120.9M FCF, $0.81, $1.07, $1.29 CFPS, $227.8M, $249.7M, $256.2M EBITDA, $2.52, $2.94, $3.46 BVPS, $107.9M, $122.7M, $123.1M Net Income.
September 7, 2024.  Last estimates were for 2023, 2024, 2025 of $991M, $1050M, $1125M Revenue, $0.58, $0.58, $0.74 EPS,
$0.16, $0.17 2023/4 Dividends, $119M, $127M, $139M FCF, $1.03, $1.07, $1.18 CFPS, $2.37, $2.93, $3.65 BVPS, $127M, $124M, $149M Net Income.
September 10, 2023.  Last estimates were for 2022, 2023 and 2024 of $880M, $1028M and $1103M for Revenue, $0.27, $0.38 and $0.50 for EPS,
$36.6M, $126M and $157M for FCF, $0.67, $0.90 and $1.03 for CFPS, and $68.4M, $95.5M and $123M for Net Income.
September 11, 2022.  Last estimates were for 2021, 2022 and 2023 of $560M, $692M and $710M for Revenue, -$0.01, $0.09 and $0.28 for EPS,
$42.4M, $90.5M and $131M for FCF, $0.38, $0.56 and $0.65 for CFPS, -$2M, $22.6M and $70.5M for Net Income.
September 4, 2021.  Last estimates were for 2020, 2021 and 2022 of $337M, $361M and $476M for Revenue, -$0.86, -$0.24 and -$0.07 for EPS,
$60.7M, $7.43M and $22.8M for FCF, $.040, $0.09 and $0.32 for CFPS and -$288M, -$64.1M and -$16.9M for Net Income.
September 12, 2020.  Last estimates were for 2019, 2020 and 2021 of $741M, $845M and $921M for Revenue,
-$0.23, -$0.14 and $0.02 for EPS, $0.14, $0.24 amd $0.31 for CFPS amd -$662M, -$46M and -$1.3M for Net Income.
September 14, 2019.  Last estmates were for 2018, 2019 and 2020 of $1070M, $1197M and $1197M for Revenue,
-$0.09, $0.22 and $0.24 for EPS,  $0.43, $0.60 and $0.69 for CFPS and -$31.1M, $69.1M and $66.6M for Net Income.
September 22, 2018.  Last estimates were for 2017, 2018 and 2019 of $911M, $1259M and $1488M for Revenue,
-$0.08, $0.27 and $0.43 for EPS, $0.40, $0.62 and $0.62 for CFPS, -$10.9M and $5.65M for Net Income for 2017 and 2018.
Trican stopped paying a dividend in 2014.
May 31, 2017.  Trican Well Service Ltd. has a plan of arrangement with Canyon Services Group for Canyon Shareholders to receive 1.7 shares of Trican for each share of Canyon.
Canyon Services Group was TSX-FRC, OTC-CYSVF and site www.canyontech.ca. Trican Well Services TSX-TCW
September 24, 2016.  Last estimates was for 2015, 2016 and 2017 of $404M, $468M and $653M for Revenue,
-$0.49, -$0.06 and $0.56 for EPS, $0.31, $0.76 and $1.67 for CFPS and -$32.20m $4.13 and $52.30 for Net Income.
September 27, 2015.  Last estimates were for 2014 and 2015 of $539M and 720M for Revenue,
$0.63 and $1.44 and $1.80 for EPS for 2014 to 2016, $1.41 and $2.43 for CFPS and $43M, $108M and $113.58M for Net Income for 2014 to 2016.
September 20, 2014.  Last Estimates were for 2013 and 2014 of $302.3M and $445.7M for Revenue, $0.19 and $1.04 for EPS, $0.81 and $1.68 for CFPS
Sept 22, 2013.  Last estimates were for 2012 and 2013 of $435.6 and $528.8M for Revenue and $1.45 and $1.72 for EPS.
December 2014.  Trican Well Services Ltd stopped dividends.
In May 2006 Canyon enters the public markets through a $55million initial public offering on the Toronto Stock Exchange, and begins trading under the symbol “FRC”.
Canyon is founded in spring 2004 in Red Deer, Alberta with the purpose of providing specialized nitrogen-based fracturing services delivered via coiled tubing for completing
natural-gas-in-coal (NGC) wells, a highly active sector in Alberta at the time.
May 2005.  Trican Well Services annouces first dividend.
December 1996.  Trican Well Services went public.  TSX chart goes back to 2006
Sector:
Services, Industrial
What should this stock accomplish?
Would I buy this company and Why.
I would look at this company if I was wanting an Oil and Gas Servicing company.  I expect that they will pay dividends again.
Why am I following this stock.
I was following Canyon Services Group Inc. and Trican Well Services Ltd. had a plan of arrangement with Canyon Shareholders.
I used to get a newsletter weekly from MPL Communications called Advice Hotline.  They wrote up this stock on July 19, 2012 and I was impressed with it so I did a spreadsheet.
Dividends
Dividendss reinstated 2023, and paid Quarterly, in Cycle 3, of March, June, September and December.
Dividends are paid quarterly in Cycle 1, that is January, April, July and October.  Dividends are declared in one month for sharehdolders of record of the next month and paid in that month.
For example, a quarterly dividend was declared on June 26, 2014, for Shareholders of record of July 11, 2014 and was paid on July 25, 2014.
How they make their money.
Trican Well Service Ltd is an oilfield services company engaged in providing products, equipment, services and technology used in drilling, completion,
stimulation and reworking of oil and gas wells in Canada, United States and internationally.
How they make their money.
Trican Well Service Ltd is an equipment services company. It provides products, equipment, services, and technology for use in the drilling, completion,
stimulation, and reworking of oil and gas wells through its continuing pressure pumping operations in Canada. The company offers these services to
customers in Canada from operating bases located across the Western Canadian Sedimentary Basin (WCSB).
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield (dividends and erarnings) and asset/liability ratios and here you want a higher ratios to indicate a good stock price.
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
Shares; '%, Value $M	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M			Shares	%, Val $M			Change
Date	2017	Sep 22	2018	Sep 14	2019	Sep 13	2020	Sep 5	2021	Sep 11	2022	Sep 10	2023	Sep 8	2024			Sep 811	2025
Fedora, Bradley				1.803	0.66%	0.991	0.39%	0.991	0.40%	0.991	0.43%	0.991	0.47%	0.991	0.52%			0.991	0.47%		Was Chairman until 2020	0.00%
CEO - Shares - Amt					$2.055		$1.664		$2.744		$3.626		$4.081		$5.082				$5.676
Options - percentage				0.098	0.04%	2.296	0.90%	3.410	1.38%	3.802	1.65%	3.802	1.82%	3.571	1.89%			3.498	1.65%			-2.05%
Options - amount					$0.112		$3.858		$9.446		$13.915		$15.664		$18.319				$20.042
Dusterhoft, Dale M.	0.15%	0.557	0.18%	0.580	0.21%																Ceased as insider Aug 2020
CEO - Shares - Amount	$2.03		$0.658		$0.661
Options - percentage	0.56%	2.138	0.71%	2.938	1.08%
Options - amount	$7.72		$2.523		$3.349
Matson, Scott Eric								0.002	0.00%	0.005	0.00%	0.005	0.00%	0.067	0.04%			0.067	0.03%			0.00%
CFO - Shares - Amount									$0.006		$0.016		$0.019		$0.341				$0.381
Options - percentage								0.210	0.09%	0.349	0.15%	0.349	0.17%	0.399	0.21%			0.368	0.17%			-7.68%
Options - amount									$0.582		$1.277		$1.437		$2.045				$2.109
Skilnick, Robert		0.101	0.03%	0.101	0.04%	0.101	0.04%														Ceased insider Mar 2021
CFO - Shares - Amount			$0.119		$0.115		$0.170
Options - percentage		0.338	0.11%	0.656	0.24%	1.078	0.42%
Options - amount			$0.399		$0.748		$1.811
Thue, Todd												0.340	0.16%	0.340	0.18%			0.340	0.16%			0.00%
Officer - Shares - Amount													$1.400		$1.744				$1.948
Options - percentage												1.248	0.60%	0.973	0.52%			0.934	0.44%			-4.02%
Options - amount													$5.142		$4.993				$5.352
Onwuekwe, Chika Benjamin				0.012	0.00%	0.022	0.01%	0.052	0.02%	0.052	0.02%	0.052	0.02%	0.133	0.07%			0.137	0.06%			2.76%
Officer - Shares - Amount					$0.014		$0.038		$0.143		$0.189		$0.213		$0.684				$0.785
Options - percentage				0.395	0.15%	0.640	0.25%	0.669	0.27%	0.638	0.28%	0.638	0.30%	0.227	0.12%			0.212	0.10%			-6.90%
Options - amount					$0.450		$1.075		$1.854		$2.333		$2.627		$1.167				$1.213
Rukin, Jim												0.025	0.01%	0.025	0.01%			0.025	0.01%			0.00%
Officer - Shares - Amount													$0.101		$0.126				$0.141
Options - percentage												0.312	0.15%	0.161	0.09%			0.147	0.07%			-8.78%
Options - amount													$1.284		$0.826				$0.841
Stein, Deborah Susan						0.025	0.01%	0.030	0.01%	0.030	0.01%	0.030	0.01%	0.030	0.02%			0.030	0.01%			0.00%
Director - Shares - Amount							$0.042		$0.083		$0.110		$0.124		$0.154				$0.172
Options - percentage						0.219	0.09%	0.255	0.10%	0.277	0.12%	0.277	0.13%	0.335	0.18%			0.381	0.18%			13.68%
Options - amount							$0.367		$0.705		$1.015		$1.142		$1.717				$2.180
Curran, Trudy Marie												0.009	0.00%	0.009	0.00%			0.009	0.00%			0.00%
Director - Shares - Amount													$0.035		$0.044				$0.049
Options - percentage												0.070	0.03%	0.083	0.04%			0.109	0.05%			31.28%
Options - amount													$0.287		$0.425				$0.623
McNulty, Michael Joseph												0.037	0.02%	0.037	0.02%			0.037	0.02%			0.00%
Lead Director - Shares - Amount													$0.152		$0.190				$0.212
Options - percentage												0.088	0.04%	0.102	0.05%			0.129	0.06%			26.20%
Options - amount													$0.363		$0.523				$0.737
Alford, Thomas								0.020	0.01%	0.040	0.02%	0.040	0.02%	0.065	0.03%			0.065	0.03%			0.00%
Chairman - Shares - Amt									$0.055		$0.146		$0.165		$0.335				$0.374
Options - percentage								0.088	0.04%	0.164	0.07%	0.164	0.08%	0.294	0.16%			0.362	0.17%			23.41%
Options - amount									$0.244		$0.601		$0.677		$1.506				$2.076
Increase in O/S Shares	0.13%	0.714	0.21%	0.610	0.20%	0.088	0.03%	1.376	0.54%	1.528	0.62%	2.512	1.09%	2.059	0.98%			0.637	0.34%
due to SO	$0.466		$2.914		$0.719		$0.100		$2.311		$4.232		$9.194		$8.482				$3.266
Book Value	$0.284		$1.177		$0.867		$0.104		$1.093		$2.219		$4.439		$3.601				$5.768
Insider Buying	-$0.044		-$0.070		-$0.025		-$0.069		-$0.108		-$0.118		-$0.118		-$0.280				-$0.025
Insider Selling	$0.930		$0.298		$0.016		$0.106		$0.380		$0.000		$0.000		$0.401				$0.000
Net Insider Selling	$0.886		$0.228		-$0.009		$0.037		$0.272		-$0.118		-$0.118		$0.121				-$0.025
% of Market Cap	0.06%		0.06%		0.00%		0.01%		0.04%		-0.01%		-0.01%		0.01%				0.00%
Directors		7		7		5		5		6		6		6				7
Women	13%	1	14%	1	14%	1	20%	2	40%	2	33%	2	33%	2	33%			2	29%
Minorities	13%	1	14%	1	14%	1	20%	1	20%	1	17%	1	17%	1	17%			1	14%
Institutions/Holdings	34.86%	81	39.62%	20		20	40.36%	20	17.64%	20	32.40%	20	13.92%	20	14.15%			20	23.75%
Total Shares Held	35.67%	128.164	42.51%	101.687	37.45%	106.837	39.35%	45.111	18.27%	79.019	34.39%	29.325	14.02%	28.225	14.94%			42.412	19.98%
Increase/Decrease 3 Mths	41.51%	1.779	1.41%	-8.872	-8.02%	1.234	1.17%	-1.304	-2.81%	0.790	1.01%	3.258	12.50%	1.771	6.70%			-2.572	-5.72%
Starting No. of Shares		126.385		110.559	Top 20	105.603	Top 20 MS	46.415	Top 20 MS	78.229	Top 20 MS	26.067	Top 20 MS	26.453	Top 20 MS			44.985	Top 20 MS
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