TOURMALINE OIL CORP (TOU.CA) Fundamental Analysis & Valuation

TSX:TOU • CA89156V1067

63.37 CAD
+1.48 (+2.39%)
Last: Mar 6, 2026, 07:00 PM
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This TOU.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to TOU. TOU was compared to 212 industry peers in the Oil, Gas & Consumable Fuels industry. TOU has an excellent profitability rating, but there are some minor concerns on its financial health. TOU has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

9

1. TOU.CA Profitability Analysis

1.1 Basic Checks

  • In the past year TOU was profitable.
  • In the past year TOU had a positive cash flow from operations.
  • 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 89.15% of its industry peers.
  • Looking at the Return On Equity, with a value of 9.04%, TOU is in the better half of the industry, outperforming 66.98% of the companies in the same industry.
  • With an excellent Return On Invested Capital value of 6.40%, TOU belongs to the best of the industry, outperforming 85.38% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for TOU is significantly above the industry average of 6.67%.
  • 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

  • TOU has a Profit Margin of 24.76%. This is amongst the best in the industry. TOU outperforms 92.92% of its industry peers.
  • In the last couple of years the Profit Margin of TOU has grown nicely.
  • With an excellent Operating Margin value of 30.24%, TOU belongs to the best of the industry, outperforming 85.85% of the companies in the same industry.
  • 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. TOU.CA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), TOU is creating some value.
  • The number of shares outstanding for TOU has been increased compared to 1 year ago.
  • TOU has more shares outstanding than it did 5 years ago.
  • TOU has a worse debt/assets ratio than last year.
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 2.95 indicates that TOU is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • TOU has a better Altman-Z score (2.95) than 77.83% 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 Debt to FCF ratio of 2.95. This is amongst the best in the industry. TOU outperforms 86.79% 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 72.17% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF 2.95
Altman-Z 2.95
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.
  • Looking at the Current ratio, with a value of 0.72, TOU is in line with its industry, outperforming 54.25% of the companies in the same industry.
  • A Quick Ratio of 0.72 indicates that TOU may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.72, TOU is in line with its industry, outperforming 57.55% 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 0.72
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. TOU.CA Growth Analysis

3.1 Past

  • The earnings per share for TOU have decreased strongly by -21.22% in the last year.
  • Measured over the past years, TOU shows a very strong growth in Earnings Per Share. The EPS has been growing by 24.29% on average per year.
  • TOU shows a decrease in Revenue. In the last year, the revenue decreased by -3.01%.
  • 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 1.35% on average per year.
  • The Revenue is expected to grow by 7.93% on average over the next years.
EPS Next Y-9.42%
EPS Next 2Y11.56%
EPS Next 3Y12.29%
EPS Next 5Y1.35%
Revenue Next Year13.44%
Revenue Next 2Y15.98%
Revenue Next 3Y12.75%
Revenue Next 5Y7.93%

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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5

4. TOU.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 18.16, which indicates a rather expensive current 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 67.92% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of TOU to the average of the S&P500 Index (26.46), we can say TOU is valued slightly cheaper.
  • TOU is valuated correctly with a Price/Forward Earnings ratio of 14.55.
  • Based on the Price/Forward Earnings ratio, TOU is valued a bit cheaper than the industry average as 72.64% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of TOU to the average of the S&P500 Index (24.65), we can say TOU is valued slightly cheaper.
Industry RankSector Rank
PE 18.16
Fwd PE 14.55
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 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, TOU is valued cheaply inside the industry as 83.02% 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 60.38% of the companies in the same industry.
Industry RankSector Rank
P/FCF 45.27
EV/EBITDA 7.48
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

  • TOU has an outstanding profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as TOU's earnings are expected to grow with 12.29% in the coming years.
PEG (NY)N/A
PEG (5Y)0.75
EPS Next 2Y11.56%
EPS Next 3Y12.29%

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

5

5. TOU.CA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.23%, TOU has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 4.17, 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 3.23%

5.2 History

  • On average, the dividend of TOU grows each year by 48.01%, which is quite nice.
  • 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.
  • The dividend of TOU is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP84.49%
EPS Next 2Y11.56%
EPS Next 3Y12.29%
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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TOU.CA Fundamentals: All Metrics, Ratios and Statistics

TOURMALINE OIL CORP

TSX:TOU (3/6/2026, 7:00:00 PM)

63.37

+1.48 (+2.39%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-05
Earnings (Next)03-11
Inst Owners42.33%
Inst Owner ChangeN/A
Ins Owners0.72%
Ins Owner ChangeN/A
Market Cap24.53B
Revenue(TTM)5.37B
Net Income(TTM)1.49B
Analysts78.4
Price Target72.42 (14.28%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.23%
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)0.13%
PT rev (3m)-2.26%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-4.01%
EPS NY rev (3m)-8.34%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)4.41%
Revenue NY rev (3m)6.55%
Valuation
Industry RankSector Rank
PE 18.16
Fwd PE 14.55
P/S 4.08
P/FCF 45.27
P/OCF 7.6
P/B 1.49
P/tB 1.49
EV/EBITDA 7.48
EPS(TTM)3.49
EY5.51%
EPS(NY)4.36
Fwd EY6.87%
FCF(TTM)1.4
FCFY2.21%
OCF(TTM)8.33
OCFY13.15%
SpS15.55
BVpS42.57
TBVpS42.57
PEG (NY)N/A
PEG (5Y)0.75
Graham Number57.82
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 2.95
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-9.42%
EPS Next 2Y11.56%
EPS Next 3Y12.29%
EPS Next 5Y1.35%
Revenue 1Y (TTM)-3.01%
Revenue growth 3Y7.8%
Revenue growth 5Y20.93%
Sales Q2Q%59.02%
Revenue Next Year13.44%
Revenue Next 2Y15.98%
Revenue Next 3Y12.75%
Revenue Next 5Y7.93%
EBIT growth 1Y-3.08%
EBIT growth 3Y-6.65%
EBIT growth 5Y31.39%
EBIT Next Year118.91%
EBIT Next 3Y41.34%
EBIT Next 5Y22.54%
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 18.16 and the Price/Book (PB) ratio is 1.49.


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 -9.42% in the next year.