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TOURMALINE OIL CORP (TOU.CA) Stock Fundamental Analysis

TSX:TOU - Toronto Stock Exchange - CA89156V1067 - Common Stock - Currency: CAD

67.43  -1.13 (-1.65%)

Fundamental Rating

7

Taking everything into account, TOU scores 7 out of 10 in our fundamental rating. TOU was compared to 221 industry peers in the Oil, Gas & Consumable Fuels industry. TOU gets an excellent profitability rating and is at the same time showing great financial health properties. TOU is not priced too expensively while it is growing strongly. Keep and eye on this one! These ratings would make TOU suitable for growth and quality investing!


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.
Each year in the past 5 years TOU has been profitable.
Each year in the past 5 years TOU had a positive operating cash flow.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2B 4B

1.2 Ratios

With an excellent Return On Assets value of 7.77%, TOU belongs to the best of the industry, outperforming 85.51% of the companies in the same industry.
TOU's Return On Equity of 11.11% is fine compared to the rest of the industry. TOU outperforms 77.78% of its industry peers.
TOU has a Return On Invested Capital of 8.24%. This is amongst the best in the industry. TOU outperforms 81.16% of its industry peers.
TOU had an Average Return On Invested Capital over the past 3 years of 14.84%. This is significantly above the industry average of 7.73%.
The last Return On Invested Capital (8.24%) for TOU is well below the 3 year average (14.84%), which needs to be investigated, but indicates that TOU had better years and this may not be a problem.
Industry RankSector Rank
ROA 7.77%
ROE 11.11%
ROIC 8.24%
ROA(3y)15.21%
ROA(5y)10.67%
ROE(3y)20.87%
ROE(5y)14.75%
ROIC(3y)14.84%
ROIC(5y)9.8%
TOU.CA Yearly ROA, ROE, ROICTOU.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 20 30

1.3 Margins

TOU has a Profit Margin of 26.76%. This is amongst the best in the industry. TOU outperforms 87.44% of its industry peers.
TOU's Profit Margin has improved in the last couple of years.
TOU's Operating Margin of 34.11% is amongst the best of the industry. TOU outperforms 83.09% of its industry peers.
In the last couple of years the Operating Margin of TOU has grown nicely.
TOU has a Gross Margin of 99.02%. This is amongst the best in the industry. TOU outperforms 99.52% of its industry peers.
TOU's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 34.11%
PM (TTM) 26.76%
GM 99.02%
OM growth 3Y43.89%
OM growth 5Y8.27%
PM growth 3Y3.08%
PM growth 5Y10.45%
GM growth 3Y0.57%
GM growth 5Y0.12%
TOU.CA Yearly Profit, Operating, Gross MarginsTOU.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 40 60 80

7

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), TOU is creating value.
TOU has more shares outstanding than it did 1 year ago.
The number of shares outstanding for TOU has been increased compared to 5 years ago.
Compared to 1 year ago, TOU has a worse debt to assets ratio.
TOU.CA Yearly Shares OutstandingTOU.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M
TOU.CA Yearly Total Debt VS Total AssetsTOU.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 5B 10B 15B 20B

2.2 Solvency

TOU has an Altman-Z score of 3.49. This indicates that TOU is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of TOU (3.49) is better than 82.13% of its industry peers.
TOU has a debt to FCF ratio of 1.43. This is a very positive value and a sign of high solvency as it would only need 1.43 years to pay back of all of its debts.
TOU's Debt to FCF ratio of 1.43 is amongst the best of the industry. TOU outperforms 89.86% of its industry peers.
TOU has a Debt/Equity ratio of 0.10. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.10, TOU is in the better half of the industry, outperforming 68.12% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF 1.43
Altman-Z 3.49
ROIC/WACC1.07
WACC7.67%
TOU.CA Yearly LT Debt VS Equity VS FCFTOU.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5B 10B

2.3 Liquidity

TOU has a Current Ratio of 0.90. 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 has a Current ratio (0.90) which is in line with its industry peers.
TOU has a Quick Ratio of 0.90. This is a bad value and indicates that TOU is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.90, TOU is in line with its industry, outperforming 54.59% of the companies in the same industry.
The current and quick ratio evaluation for TOU is rather negative, while it does have 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 0.9
Quick Ratio 0.9
TOU.CA Yearly Current Assets VS Current LiabilitesTOU.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B

8

3. Growth

3.1 Past

TOU shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 51.19%, which is quite impressive.
The Earnings Per Share has been growing by 27.94% on average over the past years. This is a very strong growth
The Revenue has grown by 25.98% in the past year. This is a very strong growth!
The Revenue has been growing by 21.35% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)51.19%
EPS 3Y31.04%
EPS 5Y27.94%
EPS Q2Q%25%
Revenue 1Y (TTM)25.98%
Revenue growth 3Y36.85%
Revenue growth 5Y21.35%
Sales Q2Q%-68.32%

3.2 Future

Based on estimates for the next years, TOU will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.02% on average per year.
Based on estimates for the next years, TOU will show a quite strong growth in Revenue. The Revenue will grow by 8.77% on average per year.
EPS Next Y-28.23%
EPS Next 2Y12.39%
EPS Next 3Y10.76%
EPS Next 5Y15.02%
Revenue Next Year-3.2%
Revenue Next 2Y12.82%
Revenue Next 3Y8.77%
Revenue Next 5YN/A

3.3 Evolution

Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
TOU.CA Yearly Revenue VS EstimatesTOU.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 2 4 6 8 10

5

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 15.22, the valuation of TOU can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of TOU is on the same level as its industry peers.
When comparing the Price/Earnings ratio of TOU to the average of the S&P500 Index (30.43), we can say TOU is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 10.59, the valuation of TOU can be described as reasonable.
TOU's Price/Forward Earnings ratio is in line with the industry average.
TOU is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.78, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 15.22
Fwd PE 10.59
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

TOU's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. TOU is cheaper than 70.53% of the companies in the same industry.
TOU's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 26.74
EV/EBITDA 7.6
TOU.CA Per share dataTOU.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

TOU has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.54
EPS Next 2Y12.39%
EPS Next 3Y10.76%

3

5. Dividend

5.1 Amount

TOU has a Yearly Dividend Yield of 2.04%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 6.30, TOU has a dividend in line with its industry peers.
TOU's Dividend Yield is comparable with the S&P500 average which is at 2.30.
Industry RankSector Rank
Dividend Yield 2.04%

5.2 History

On average, the dividend of TOU grows each year by 77.10%, which is quite nice.
TOU has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)77.1%
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 2 4 6

5.3 Sustainability

84.05% 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.
DP84.05%
EPS Next 2Y12.39%
EPS Next 3Y10.76%
TOU.CA Yearly Income VS Free CF VS DividendTOU.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1B -1B 2B 3B 4B
TOU.CA Dividend Payout.TOU.CA Dividend Payout, showing the Payout Ratio.TOU.CA Dividend Payout.PayoutRetained Earnings

TOURMALINE OIL CORP

TSX:TOU (2/18/2025, 7:00:00 PM)

67.43

-1.13 (-1.65%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-06 2024-11-06/amc
Earnings (Next)03-11 2025-03-11/amc
Inst Owners47.37%
Inst Owner ChangeN/A
Ins Owners0.79%
Ins Owner ChangeN/A
Market Cap25.20B
Analysts80
Price Target80.53 (19.43%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.04%
Yearly Dividend6.45
Dividend Growth(5Y)77.1%
DP84.05%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.05%
Min EPS beat(2)-19.54%
Max EPS beat(2)15.43%
EPS beat(4)2
Avg EPS beat(4)-2.4%
Min EPS beat(4)-44.49%
Max EPS beat(4)39.01%
EPS beat(8)3
Avg EPS beat(8)-23.07%
EPS beat(12)6
Avg EPS beat(12)6.02%
EPS beat(16)10
Avg EPS beat(16)41.47%
Revenue beat(2)0
Avg Revenue beat(2)-32.25%
Min Revenue beat(2)-40%
Max Revenue beat(2)-24.51%
Revenue beat(4)1
Avg Revenue beat(4)-18.03%
Min Revenue beat(4)-40%
Max Revenue beat(4)9.73%
Revenue beat(8)2
Avg Revenue beat(8)-12.2%
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)1.38%
PT rev (3m)2.36%
EPS NQ rev (1m)1.07%
EPS NQ rev (3m)-31.37%
EPS NY rev (1m)0.74%
EPS NY rev (3m)2.38%
Revenue NQ rev (1m)3.01%
Revenue NQ rev (3m)-8.26%
Revenue NY rev (1m)0.98%
Revenue NY rev (3m)12.32%
Valuation
Industry RankSector Rank
PE 15.22
Fwd PE 10.59
P/S 4.33
P/FCF 26.74
P/OCF 8.19
P/B 1.8
P/tB 1.8
EV/EBITDA 7.6
EPS(TTM)4.43
EY6.57%
EPS(NY)6.37
Fwd EY9.44%
FCF(TTM)2.52
FCFY3.74%
OCF(TTM)8.23
OCFY12.21%
SpS15.57
BVpS37.51
TBVpS37.51
PEG (NY)N/A
PEG (5Y)0.54
Profitability
Industry RankSector Rank
ROA 7.77%
ROE 11.11%
ROCE 10.59%
ROIC 8.24%
ROICexc 8.24%
ROICexgc 8.24%
OM 34.11%
PM (TTM) 26.76%
GM 99.02%
FCFM 16.2%
ROA(3y)15.21%
ROA(5y)10.67%
ROE(3y)20.87%
ROE(5y)14.75%
ROIC(3y)14.84%
ROIC(5y)9.8%
ROICexc(3y)14.84%
ROICexc(5y)9.8%
ROICexgc(3y)14.84%
ROICexgc(5y)9.8%
ROCE(3y)19.08%
ROCE(5y)12.59%
ROICexcg growth 3Y70.69%
ROICexcg growth 5Y16.6%
ROICexc growth 3Y70.69%
ROICexc growth 5Y16.6%
OM growth 3Y43.89%
OM growth 5Y8.27%
PM growth 3Y3.08%
PM growth 5Y10.45%
GM growth 3Y0.57%
GM growth 5Y0.12%
F-Score5
Asset Turnover0.29
Health
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF 1.43
Debt/EBITDA 0.38
Cap/Depr 140.86%
Cap/Sales 36.68%
Interest Coverage 250
Cash Conversion 87.9%
Profit Quality 60.53%
Current Ratio 0.9
Quick Ratio 0.9
Altman-Z 3.49
F-Score5
WACC7.67%
ROIC/WACC1.07
Cap/Depr(3y)186.2%
Cap/Depr(5y)161.12%
Cap/Sales(3y)35.31%
Cap/Sales(5y)43.69%
Profit Quality(3y)79.23%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)51.19%
EPS 3Y31.04%
EPS 5Y27.94%
EPS Q2Q%25%
EPS Next Y-28.23%
EPS Next 2Y12.39%
EPS Next 3Y10.76%
EPS Next 5Y15.02%
Revenue 1Y (TTM)25.98%
Revenue growth 3Y36.85%
Revenue growth 5Y21.35%
Sales Q2Q%-68.32%
Revenue Next Year-3.2%
Revenue Next 2Y12.82%
Revenue Next 3Y8.77%
Revenue Next 5YN/A
EBIT growth 1Y46.35%
EBIT growth 3Y96.92%
EBIT growth 5Y31.38%
EBIT Next Year127.38%
EBIT Next 3Y46.02%
EBIT Next 5YN/A
FCF growth 1Y-65.63%
FCF growth 3Y283.57%
FCF growth 5YN/A
OCF growth 1Y-33.64%
OCF growth 3Y57.62%
OCF growth 5Y28.26%