TOURMALINE OIL CORP (TOU.CA) Stock Fundamental Analysis

TSX:TOU • CA89156V1067

64.24 CAD
+0.2 (+0.31%)
Last: Mar 2, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

Taking everything into account, TOU scores 6 out of 10 in our fundamental rating. TOU was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. While TOU belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. TOU is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

9

1. Profitability

1.1 Basic Checks

  • TOU had positive earnings in the past year.
  • TOU had a positive operating cash flow in the past year.
  • In the past 5 years TOU has always been profitable.
  • In the past 5 years TOU always reported a positive cash flow from operatings.
TOU.CA Yearly Net Income VS EBIT VS OCF VS FCFTOU.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B

1.2 Ratios

  • TOU has a better Return On Assets (6.38%) than 89.52% of its industry peers.
  • With a decent Return On Equity value of 9.04%, TOU is doing good in the industry, outperforming 67.14% of the companies in the same industry.
  • TOU has a Return On Invested Capital of 6.40%. This is amongst the best in the industry. TOU outperforms 82.86% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for TOU is significantly above the industry average of 6.66%.
  • The 3 year average ROIC (13.45%) for TOU is well above the current ROIC(6.40%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 6.38%
ROE 9.04%
ROIC 6.4%
ROA(3y)12.68%
ROA(5y)11.23%
ROE(3y)17.77%
ROE(5y)15.56%
ROIC(3y)13.45%
ROIC(5y)10.36%
TOU.CA Yearly ROA, ROE, ROICTOU.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30

1.3 Margins

  • With an excellent Profit Margin value of 24.76%, TOU belongs to the best of the industry, outperforming 93.33% of the companies in the same industry.
  • TOU's Profit Margin has improved in the last couple of years.
  • TOU has a Operating Margin of 30.24%. This is amongst the best in the industry. TOU outperforms 85.24% of its industry peers.
  • In the last couple of years the Operating Margin of TOU has grown nicely.
  • TOU has a better Gross Margin (98.52%) than 100.00% of its industry peers.
  • In the last couple of years the Gross Margin of TOU has remained more or less at the same level.
Industry RankSector Rank
OM 30.24%
PM (TTM) 24.76%
GM 98.52%
OM growth 3Y-13.4%
OM growth 5Y8.65%
PM growth 3Y-20.73%
PM growth 5Y8.86%
GM growth 3Y-0.05%
GM growth 5Y0.07%
TOU.CA Yearly Profit, Operating, Gross MarginsTOU.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), TOU is creating some value.
  • Compared to 1 year ago, TOU has more shares outstanding
  • Compared to 5 years ago, TOU has more shares outstanding
  • Compared to 1 year ago, TOU has a worse debt to assets ratio.
TOU.CA Yearly Shares OutstandingTOU.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
TOU.CA Yearly Total Debt VS Total AssetsTOU.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

2.2 Solvency

  • An Altman-Z score of 2.98 indicates that TOU is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • TOU's Altman-Z score of 2.98 is fine compared to the rest of the industry. TOU outperforms 77.62% of its industry peers.
  • TOU has a debt to FCF ratio of 2.95. This is a good value and a sign of high solvency as TOU would need 2.95 years to pay back of all of its debts.
  • TOU has a better Debt to FCF ratio (2.95) than 87.62% of its industry peers.
  • A Debt/Equity ratio of 0.10 indicates that TOU is not too dependend on debt financing.
  • The Debt to Equity ratio of TOU (0.10) is better than 71.90% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF 2.95
Altman-Z 2.98
ROIC/WACC0.82
WACC7.85%
TOU.CA Yearly LT Debt VS Equity VS FCFTOU.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B 15B

2.3 Liquidity

  • TOU has a Current Ratio of 0.72. This is a bad value and indicates that TOU is not financially healthy enough and could expect problems in meeting its short term obligations.
  • TOU's Current ratio of 0.72 is in line compared to the rest of the industry. TOU outperforms 54.76% of its industry peers.
  • TOU has a Quick Ratio of 0.72. This is a bad value and indicates that TOU is not financially healthy enough and could expect problems in meeting its short term obligations.
  • TOU's Quick ratio of 0.72 is in line compared to the rest of the industry. TOU outperforms 57.62% of its industry peers.
  • TOU does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 0.72
Quick Ratio 0.72
TOU.CA Yearly Current Assets VS Current LiabilitesTOU.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • TOU shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -21.22%.
  • The Earnings Per Share has been growing by 24.29% on average over the past years. This is a very strong growth
  • The Revenue has decreased by -3.01% in the past year.
  • TOU shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.93% yearly.
EPS 1Y (TTM)-21.22%
EPS 3Y-17.7%
EPS 5Y24.29%
EPS Q2Q%-51%
Revenue 1Y (TTM)-3.01%
Revenue growth 3Y7.8%
Revenue growth 5Y20.93%
Sales Q2Q%59.02%

3.2 Future

  • Based on estimates for the next years, TOU will show a small growth in Earnings Per Share. The EPS will grow by 1.19% on average per year.
  • TOU is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.75% yearly.
EPS Next Y-5.63%
EPS Next 2Y15.18%
EPS Next 3Y15.97%
EPS Next 5Y1.19%
Revenue Next Year12.92%
Revenue Next 2Y15.49%
Revenue Next 3Y11.57%
Revenue Next 5Y7.75%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
TOU.CA Yearly Revenue VS EstimatesTOU.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2B 4B 6B 8B
TOU.CA Yearly EPS VS EstimatesTOU.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 2 4 6 8 10

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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 18.41 indicates a rather expensive valuation of TOU.
  • Compared to the rest of the industry, the Price/Earnings ratio of TOU indicates a somewhat cheap valuation: TOU is cheaper than 68.10% of the companies listed in the same industry.
  • TOU's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.83.
  • With a Price/Forward Earnings ratio of 13.83, TOU is valued correctly.
  • Based on the Price/Forward Earnings ratio, TOU is valued a bit cheaper than the industry average as 70.95% of the companies are valued more expensively.
  • TOU's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.95.
Industry RankSector Rank
PE 18.41
Fwd PE 13.83
TOU.CA Price Earnings VS Forward Price EarningsTOU.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, TOU is valued a bit cheaper than the industry average as 76.67% of the companies are valued more expensively.
  • TOU's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. TOU is cheaper than 61.43% of the companies in the same industry.
Industry RankSector Rank
P/FCF 45.88
EV/EBITDA 7.58
TOU.CA Per share dataTOU.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The excellent profitability rating of TOU may justify a higher PE ratio.
  • TOU's earnings are expected to grow with 15.97% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)0.76
EPS Next 2Y15.18%
EPS Next 3Y15.97%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 3.19%, TOU has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 4.11, TOU pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, TOU pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.19%

5.2 History

  • The dividend of TOU is nicely growing with an annual growth rate of 48.01%!
  • TOU has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)48.01%
Div Incr Years0
Div Non Decr Years0
TOU.CA Yearly Dividends per shareTOU.CA Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6

5.3 Sustainability

  • 84.49% of the earnings are spent on dividend by TOU. This is not a sustainable payout ratio.
  • TOU's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP84.49%
EPS Next 2Y15.18%
EPS Next 3Y15.97%
TOU.CA Yearly Income VS Free CF VS DividendTOU.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B 2B 3B 4B
TOU.CA Dividend Payout.TOU.CA Dividend Payout, showing the Payout Ratio.TOU.CA Dividend Payout.PayoutRetained Earnings

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TOURMALINE OIL CORP

TSX:TOU (3/2/2026, 7:00:00 PM)

64.24

+0.2 (+0.31%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-05
Earnings (Next)03-11
Inst Owners43.33%
Inst Owner ChangeN/A
Ins Owners0.7%
Ins Owner ChangeN/A
Market Cap24.86B
Revenue(TTM)5.37B
Net Income(TTM)1.49B
Analysts78.46
Price Target72.42 (12.73%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.19%
Yearly Dividend3.27
Dividend Growth(5Y)48.01%
DP84.49%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-7.22%
Min EPS beat(2)-61.32%
Max EPS beat(2)46.89%
EPS beat(4)3
Avg EPS beat(4)0.36%
Min EPS beat(4)-61.32%
Max EPS beat(4)46.89%
EPS beat(8)4
Avg EPS beat(8)-8.36%
EPS beat(12)6
Avg EPS beat(12)1.52%
EPS beat(16)9
Avg EPS beat(16)4.59%
Revenue beat(2)0
Avg Revenue beat(2)-25.92%
Min Revenue beat(2)-32.01%
Max Revenue beat(2)-19.82%
Revenue beat(4)0
Avg Revenue beat(4)-30.59%
Min Revenue beat(4)-40%
Max Revenue beat(4)-19.82%
Revenue beat(8)2
Avg Revenue beat(8)-7.67%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-2.03%
PT rev (3m)-2.91%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)4.29%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)3.93%
Revenue NY rev (3m)0.3%
Valuation
Industry RankSector Rank
PE 18.41
Fwd PE 13.83
P/S 4.13
P/FCF 45.88
P/OCF 7.71
P/B 1.51
P/tB 1.51
EV/EBITDA 7.58
EPS(TTM)3.49
EY5.43%
EPS(NY)4.64
Fwd EY7.23%
FCF(TTM)1.4
FCFY2.18%
OCF(TTM)8.34
OCFY12.98%
SpS15.55
BVpS42.58
TBVpS42.58
PEG (NY)N/A
PEG (5Y)0.76
Graham Number57.83
Profitability
Industry RankSector Rank
ROA 6.38%
ROE 9.04%
ROCE 8.33%
ROIC 6.4%
ROICexc 6.4%
ROICexgc 6.4%
OM 30.24%
PM (TTM) 24.76%
GM 98.52%
FCFM 9%
ROA(3y)12.68%
ROA(5y)11.23%
ROE(3y)17.77%
ROE(5y)15.56%
ROIC(3y)13.45%
ROIC(5y)10.36%
ROICexc(3y)13.45%
ROICexc(5y)10.36%
ROICexgc(3y)13.45%
ROICexgc(5y)10.36%
ROCE(3y)17.25%
ROCE(5y)13.29%
ROICexgc growth 3Y-17.72%
ROICexgc growth 5Y15.13%
ROICexc growth 3Y-17.72%
ROICexc growth 5Y15.13%
OM growth 3Y-13.4%
OM growth 5Y8.65%
PM growth 3Y-20.73%
PM growth 5Y8.86%
GM growth 3Y-0.05%
GM growth 5Y0.07%
F-Score4
Asset Turnover0.26
Health
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF 2.95
Debt/EBITDA 0.46
Cap/Depr 164.29%
Cap/Sales 44.61%
Interest Coverage 250
Cash Conversion 93.42%
Profit Quality 36.37%
Current Ratio 0.72
Quick Ratio 0.72
Altman-Z 2.98
F-Score4
WACC7.85%
ROIC/WACC0.82
Cap/Depr(3y)156.64%
Cap/Depr(5y)159.87%
Cap/Sales(3y)33.91%
Cap/Sales(5y)39.63%
Profit Quality(3y)77.43%
Profit Quality(5y)56.32%
High Growth Momentum
Growth
EPS 1Y (TTM)-21.22%
EPS 3Y-17.7%
EPS 5Y24.29%
EPS Q2Q%-51%
EPS Next Y-5.63%
EPS Next 2Y15.18%
EPS Next 3Y15.97%
EPS Next 5Y1.19%
Revenue 1Y (TTM)-3.01%
Revenue growth 3Y7.8%
Revenue growth 5Y20.93%
Sales Q2Q%59.02%
Revenue Next Year12.92%
Revenue Next 2Y15.49%
Revenue Next 3Y11.57%
Revenue Next 5Y7.75%
EBIT growth 1Y-3.08%
EBIT growth 3Y-6.65%
EBIT growth 5Y31.39%
EBIT Next Year117.74%
EBIT Next 3Y41.15%
EBIT Next 5Y22.34%
FCF growth 1Y-81.11%
FCF growth 3Y-18.34%
FCF growth 5YN/A
OCF growth 1Y-31.9%
OCF growth 3Y-1.39%
OCF growth 5Y18.37%

TOURMALINE OIL CORP / TOU.CA FAQ

What is the ChartMill fundamental rating of TOURMALINE OIL CORP (TOU.CA) stock?

ChartMill assigns a fundamental rating of 6 / 10 to TOU.CA.


What is the valuation status for TOU stock?

ChartMill assigns a valuation rating of 5 / 10 to TOURMALINE OIL CORP (TOU.CA). This can be considered as Fairly Valued.


What is the profitability of TOU stock?

TOURMALINE OIL CORP (TOU.CA) has a profitability rating of 9 / 10.


What are the PE and PB ratios of TOURMALINE OIL CORP (TOU.CA) stock?

The Price/Earnings (PE) ratio for TOURMALINE OIL CORP (TOU.CA) is 18.41 and the Price/Book (PB) ratio is 1.51.


What is the earnings growth outlook for TOURMALINE OIL CORP?

The Earnings per Share (EPS) of TOURMALINE OIL CORP (TOU.CA) is expected to decline by -5.63% in the next year.