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TREE ISLAND STEEL LTD (TSL.CA) Stock Fundamental Analysis

TSX:TSL - Toronto Stock Exchange - CA89467Q2009 - Common Stock - Currency: CAD

2.65  +0.05 (+1.92%)

Fundamental Rating

3

Taking everything into account, TSL scores 3 out of 10 in our fundamental rating. TSL was compared to 811 industry peers in the Metals & Mining industry. The financial health of TSL is average, but there are quite some concerns on its profitability. TSL does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

TSL had negative earnings in the past year.
TSL had a negative operating cash flow in the past year.
TSL had positive earnings in 4 of the past 5 years.
TSL had a positive operating cash flow in 4 of the past 5 years.
TSL.CA Yearly Net Income VS EBIT VS OCF VS FCFTSL.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M 60M 80M

1.2 Ratios

Looking at the Return On Assets, with a value of -2.32%, TSL is in the better half of the industry, outperforming 79.41% of the companies in the same industry.
The Return On Equity of TSL (-3.29%) is better than 79.04% of its industry peers.
Industry RankSector Rank
ROA -2.32%
ROE -3.29%
ROIC N/A
ROA(3y)6.94%
ROA(5y)12.66%
ROE(3y)9.49%
ROE(5y)20.96%
ROIC(3y)N/A
ROIC(5y)N/A
TSL.CA Yearly ROA, ROE, ROICTSL.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

1.3 Margins

The Gross Margin of TSL (5.69%) is better than 85.08% of its industry peers.
TSL's Gross Margin has declined in the last couple of years.
TSL does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 5.69%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-36.96%
GM growth 5Y-8.51%
TSL.CA Yearly Profit, Operating, Gross MarginsTSL.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20

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4

2. Health

2.1 Basic Checks

TSL does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for TSL has been reduced compared to 1 year ago.
Compared to 5 years ago, TSL has less shares outstanding
The debt/assets ratio for TSL is higher compared to a year ago.
TSL.CA Yearly Shares OutstandingTSL.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
TSL.CA Yearly Total Debt VS Total AssetsTSL.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

2.2 Solvency

Based on the Altman-Z score of 1.77, we must say that TSL is in the distress zone and has some risk of bankruptcy.
TSL has a Altman-Z score (1.77) which is in line with its industry peers.
TSL has a Debt/Equity ratio of 0.21. This is a healthy value indicating a solid balance between debt and equity.
TSL's Debt to Equity ratio of 0.21 is on the low side compared to the rest of the industry. TSL is outperformed by 66.34% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.21
Debt/FCF N/A
Altman-Z 1.77
ROIC/WACCN/A
WACC9.05%
TSL.CA Yearly LT Debt VS Equity VS FCFTSL.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M

2.3 Liquidity

TSL has a Current Ratio of 5.29. This indicates that TSL is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of TSL (5.29) is better than 77.68% of its industry peers.
A Quick Ratio of 2.51 indicates that TSL has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.51, TSL is in the better half of the industry, outperforming 62.64% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 5.29
Quick Ratio 2.51
TSL.CA Yearly Current Assets VS Current LiabilitesTSL.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

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1

3. Growth

3.1 Past

TSL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -155.95%.
The Revenue for TSL has decreased by -13.63% in the past year. This is quite bad
TSL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.65% yearly.
EPS 1Y (TTM)-155.95%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-82.56%
Revenue 1Y (TTM)-13.63%
Revenue growth 3Y-11.81%
Revenue growth 5Y0.65%
Sales Q2Q%-5.29%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
TSL.CA Yearly Revenue VS EstimatesTSL.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
TSL.CA Yearly EPS VS EstimatesTSL.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 0 0.1 0.2 0.3 0.4

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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for TSL. In the last year negative earnings were reported.
Industry RankSector Rank
PE N/A
Fwd PE N/A
TSL.CA Price Earnings VS Forward Price EarningsTSL.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0 0 0 0 0 0 0

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TSL indicates a rather cheap valuation: TSL is cheaper than 89.77% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 22.7
TSL.CA Per share dataTSL.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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4

5. Dividend

5.1 Amount

TSL has a Yearly Dividend Yield of 2.34%.
TSL's Dividend Yield is rather good when compared to the industry average which is at 2.89. TSL pays more dividend than 97.66% of the companies in the same industry.
TSL's Dividend Yield is comparable with the S&P500 average which is at 2.46.
Industry RankSector Rank
Dividend Yield 2.34%

5.2 History

On average, the dividend of TSL grows each year by 8.48%, which is quite nice.
TSL has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)8.48%
Div Incr Years0
Div Non Decr Years0
TSL.CA Yearly Dividends per shareTSL.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

TSL has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-81.66%
EPS Next 2YN/A
EPS Next 3YN/A
TSL.CA Yearly Income VS Free CF VS DividendTSL.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M 60M 80M

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TREE ISLAND STEEL LTD

TSX:TSL (4/28/2025, 7:00:00 PM)

2.65

+0.05 (+1.92%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)03-13 2025-03-13
Earnings (Next)05-01 2025-05-01
Inst Owners0.54%
Inst Owner ChangeN/A
Ins Owners0.97%
Ins Owner ChangeN/A
Market Cap68.95M
Analysts45.71
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.34%
Yearly Dividend0.12
Dividend Growth(5Y)8.48%
DP-81.66%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-31 2025-03-31 (0.015)
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
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)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.33
P/FCF N/A
P/OCF N/A
P/B 0.58
P/tB 0.58
EV/EBITDA 22.7
EPS(TTM)-0.15
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.12
FCFYN/A
OCF(TTM)-0.05
OCFYN/A
SpS7.96
BVpS4.57
TBVpS4.57
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -2.32%
ROE -3.29%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 5.69%
FCFM N/A
ROA(3y)6.94%
ROA(5y)12.66%
ROE(3y)9.49%
ROE(5y)20.96%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-36.96%
GM growth 5Y-8.51%
F-Score2
Asset Turnover1.23
Health
Industry RankSector Rank
Debt/Equity 0.21
Debt/FCF N/A
Debt/EBITDA 6.74
Cap/Depr 33.16%
Cap/Sales 0.88%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 5.29
Quick Ratio 2.51
Altman-Z 1.77
F-Score2
WACC9.05%
ROIC/WACCN/A
Cap/Depr(3y)56.66%
Cap/Depr(5y)84.54%
Cap/Sales(3y)1.21%
Cap/Sales(5y)1.78%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-155.95%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-82.56%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-13.63%
Revenue growth 3Y-11.81%
Revenue growth 5Y0.65%
Sales Q2Q%-5.29%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-110.14%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-117.83%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-106.02%
OCF growth 3YN/A
OCF growth 5YN/A