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

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

2.48  -0.03 (-1.2%)

Fundamental Rating

3

Taking everything into account, TSL scores 3 out of 10 in our fundamental rating. TSL was compared to 805 industry peers in the Metals & Mining industry. While TSL seems to be doing ok healthwise, 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

In the past year TSL has reported negative net income.
TSL had a negative operating cash flow in the past year.
Of the past 5 years TSL 4 years were profitable.
Of the past 5 years TSL 4 years had a positive operating cash flow.
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

With a decent Return On Assets value of -2.70%, TSL is doing good in the industry, outperforming 77.89% of the companies in the same industry.
TSL has a Return On Equity of -3.83%. This is in the better half of the industry: TSL outperforms 77.39% of its industry peers.
Industry RankSector Rank
ROA -2.7%
ROE -3.83%
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

TSL's Gross Margin of 5.44% is amongst the best of the industry. TSL outperforms 85.59% of its industry peers.
In the last couple of years the Gross Margin of TSL has declined.
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 5.44%
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 1.65, we must say that TSL is in the distress zone and has some risk of bankruptcy.
TSL has a Altman-Z score (1.65) which is in line with its industry peers.
A Debt/Equity ratio of 0.21 indicates that TSL is not too dependend on debt financing.
TSL has a Debt to Equity ratio of 0.21. This is in the lower half of the industry: TSL underperforms 67.08% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.21
Debt/FCF N/A
Altman-Z 1.65
ROIC/WACCN/A
WACC8.87%
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 5.07. This indicates that TSL is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 5.07, TSL is in the better half of the industry, outperforming 75.53% of the companies in the same industry.
TSL has a Quick Ratio of 2.23. This indicates that TSL is financially healthy and has no problem in meeting its short term obligations.
TSL has a Quick ratio (2.23) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 5.07
Quick Ratio 2.23
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 -308.36%.
TSL shows a decrease in Revenue. In the last year, the revenue decreased by -9.18%.
The Revenue has been growing slightly by 0.65% on average over the past years.
EPS 1Y (TTM)-308.36%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-99.57%
Revenue 1Y (TTM)-9.18%
Revenue growth 3Y-11.81%
Revenue growth 5Y0.65%
Sales Q2Q%-11.25%

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

TSL reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
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

Based on the Enterprise Value to EBITDA ratio, TSL is valued cheaply inside the industry as 89.19% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 28.34
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 2.39%.
TSL's Dividend Yield is rather good when compared to the industry average which is at 14.98. TSL pays more dividend than 97.76% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.35, TSL has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.39%

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

The earnings of TSL are negative and hence is the payout ratio. TSL will probably not be able to sustain this dividend level.
DP-69.71%
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 (7/11/2025, 7:00:00 PM)

2.48

-0.03 (-1.2%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)05-09 2025-05-09
Earnings (Next)07-23 2025-07-23
Inst Owners0.54%
Inst Owner ChangeN/A
Ins Owners0.97%
Ins Owner ChangeN/A
Market Cap64.48M
Analysts45.71
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.39%
Yearly Dividend0.12
Dividend Growth(5Y)8.48%
DP-69.71%
Div Incr Years0
Div Non Decr Years0
Ex-Date06-30 2025-06-30 (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 0.32
P/FCF N/A
P/OCF N/A
P/B 0.54
P/tB 0.54
EV/EBITDA 28.34
EPS(TTM)-0.17
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.28
FCFYN/A
OCF(TTM)-0.22
OCFYN/A
SpS7.72
BVpS4.56
TBVpS4.56
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -2.7%
ROE -3.83%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 5.44%
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-Score1
Asset Turnover1.2
Health
Industry RankSector Rank
Debt/Equity 0.21
Debt/FCF N/A
Debt/EBITDA 8.22
Cap/Depr 28.4%
Cap/Sales 0.78%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 5.07
Quick Ratio 2.23
Altman-Z 1.65
F-Score1
WACC8.87%
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)-308.36%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-99.57%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-9.18%
Revenue growth 3Y-11.81%
Revenue growth 5Y0.65%
Sales Q2Q%-11.25%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-125.2%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-110.6%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-108.07%
OCF growth 3YN/A
OCF growth 5YN/A