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

Canada - TSX:TSL - CA89467Q2009 - Common Stock

2.7 CAD
+0.06 (+2.27%)
Last: 10/3/2025, 7:00:00 PM
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to TSL. TSL was compared to 822 industry peers in the Metals & Mining industry. TSL scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. TSL is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year TSL has reported negative net income.
In the past year TSL has reported a negative cash flow from operations.
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

TSL has a better Return On Assets (-3.06%) than 77.74% of its industry peers.
TSL has a better Return On Equity (-4.33%) than 76.89% of its industry peers.
Industry RankSector Rank
ROA -3.06%
ROE -4.33%
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

Looking at the Gross Margin, with a value of 5.38%, TSL belongs to the top of the industry, outperforming 85.77% of the companies in the same industry.
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 5.38%
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.
Compared to 1 year ago, TSL has less shares outstanding
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 1.64, we must say that TSL is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.64, TSL perfoms like the industry average, outperforming 47.57% of the companies in the same industry.
A Debt/Equity ratio of 0.21 indicates that TSL is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.21, TSL is not doing good in the industry: 67.03% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.21
Debt/FCF N/A
Altman-Z 1.64
ROIC/WACCN/A
WACC8.75%
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 4.87. This indicates that TSL is financially healthy and has no problem in meeting its short term obligations.
TSL has a Current ratio of 4.87. This is in the better half of the industry: TSL outperforms 73.60% of its industry peers.
TSL has a Quick Ratio of 1.98. This is a normal value and indicates that TSL is financially healthy and should not expect problems in meeting its short term obligations.
TSL has a Quick ratio (1.98) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 4.87
Quick Ratio 1.98
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 -542.33%.
TSL shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -10.56%.
TSL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.65% yearly.
EPS 1Y (TTM)-542.33%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-83.5%
Revenue 1Y (TTM)-10.56%
Revenue growth 3Y-11.81%
Revenue growth 5Y0.65%
Sales Q2Q%-21.58%

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 89.29% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 38.09
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 2.27%.
Compared to an average industry Dividend Yield of 9.53, TSL pays a better dividend. On top of this TSL pays more dividend than 98.05% of the companies listed in the same industry.
TSL's Dividend Yield is comparable with the S&P500 average which is at 2.44.
Industry RankSector Rank
Dividend Yield 2.27%

5.2 History

The dividend of TSL is nicely growing with an annual growth rate of 8.48%!
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

The earnings of TSL are negative and hence is the payout ratio. TSL will probably not be able to sustain this dividend level.
DP-54.01%
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 (10/3/2025, 7:00:00 PM)

2.7

+0.06 (+2.27%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)08-07 2025-08-07
Earnings (Next)11-03 2025-11-03
Inst Owners0.55%
Inst Owner ChangeN/A
Ins Owners0.97%
Ins Owner ChangeN/A
Market Cap70.01M
Analysts45.71
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.27%
Yearly Dividend0.12
Dividend Growth(5Y)8.48%
DP-54.01%
Div Incr Years0
Div Non Decr Years0
Ex-Date09-29 2025-09-29 (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 0.37
P/FCF N/A
P/OCF N/A
P/B 0.6
P/tB 0.6
EV/EBITDA 38.09
EPS(TTM)-0.19
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.07
FCFYN/A
OCF(TTM)0
OCFYN/A
SpS7.29
BVpS4.51
TBVpS4.51
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -3.06%
ROE -4.33%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 5.38%
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-Score3
Asset Turnover1.14
Health
Industry RankSector Rank
Debt/Equity 0.21
Debt/FCF N/A
Debt/EBITDA 9.77
Cap/Depr 29.77%
Cap/Sales 0.87%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 4.87
Quick Ratio 1.98
Altman-Z 1.64
F-Score3
WACC8.75%
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)-542.33%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-83.5%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-10.56%
Revenue growth 3Y-11.81%
Revenue growth 5Y0.65%
Sales Q2Q%-21.58%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-156.58%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-103.25%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-100.22%
OCF growth 3YN/A
OCF growth 5YN/A