TIDEWATER RENEWABLES LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.9 CAD | -0.63% |
|
+5.90% | -2.11% |
| 05-10 | Tidewater Midstream and Infrastructure Downgraded to Sector Perform at RBC | MT |
| 05-09 | Transcript : Tidewater Renewables Ltd., Q1 2024 Earnings Call, May 09, 2024 |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 509.8 | 399.5 | 280.3 | 275.1 | - | - |
| Enterprise Value (EV) 1 | 590.7 | 607.5 | 280.3 | 568.7 | 487.1 | 420.1 |
| P/E ratio | 105 x | 15.6 x | -6.84 x | 8.29 x | 5.27 x | - |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 22.1 x | 5.25 x | 2.87 x | 0.63 x | 0.6 x | 0.6 x |
| EV / Revenue | 25.6 x | 7.98 x | 2.87 x | 1.31 x | 1.07 x | 0.92 x |
| EV / EBITDA | 37 x | 9.73 x | 6.1 x | 5.09 x | 3.43 x | 2.8 x |
| EV / FCF | -25.9 x | -3.43 x | - | 8.59 x | 5.51 x | - |
| FCF Yield | -3.86% | -29.2% | - | 11.6% | 18.1% | - |
| Price to Book | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 34,635 | 34,712 | 34,733 | 34,818 | - | - |
| Reference price 2 | 14.72 | 11.51 | 8.070 | 7.900 | 7.900 | 7.900 |
| Announcement Date | 22-03-10 | 23-03-09 | 24-03-14 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net sales 1 | 23.06 | 76.1 | 97.68 | 433.7 | 456.3 | 459 |
| EBITDA 1 | 15.96 | 62.44 | 45.94 | 111.7 | 141.9 | 150 |
| EBIT 1 | 9.258 | 17.63 | 4.018 | 83.47 | 106 | 99 |
| Operating Margin | 40.16% | 23.17% | 4.11% | 19.25% | 23.22% | 21.57% |
| Earnings before Tax (EBT) 1 | 3.997 | 35.91 | -63.85 | 58 | 104 | 84 |
| Net income 1 | 2.763 | 25.94 | -41.02 | 48 | 53.75 | - |
| Net margin | 11.98% | 34.09% | -41.99% | 11.07% | 11.78% | - |
| EPS 2 | 0.1400 | 0.7400 | -1.180 | 0.9533 | 1.500 | - |
| Free Cash Flow 1 | -22.79 | -177.1 | - | 66.23 | 88.35 | - |
| FCF margin | -98.84% | -232.77% | - | 15.27% | 19.36% | - |
| FCF Conversion (EBITDA) | - | - | - | 59.32% | 62.25% | - |
| FCF Conversion (Net income) | - | - | - | 137.99% | 164.37% | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 22-03-10 | 23-03-09 | 24-03-14 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 16.92 | 17.25 | 19.73 | 19.7 | 19.42 | 19.9 | 13.16 | 24.24 | 40.38 | 111.2 | 113.7 | 114.9 | 114.9 | - | - |
| EBITDA 1 | 10.64 | 12.74 | 16.9 | 16.08 | 16.72 | 12.64 | 8.067 | 14.53 | 10.71 | 25.27 | 28 | 30.13 | 30.53 | 36 | 35.5 |
| EBIT 1 | 6.043 | - | - | 3.902 | 4.06 | - | 2.803 | 3.478 | -0.011 | - | 21.79 | 23.27 | 22.52 | - | - |
| Operating Margin | 35.7% | - | - | 19.81% | 20.9% | - | 21.29% | 14.35% | -0.03% | - | 19.17% | 20.25% | 19.6% | - | - |
| Earnings before Tax (EBT) | 0.255 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 0.08 | 17.51 | 4.363 | -10.07 | 14.13 | -21.48 | 2.654 | -9.449 | -12.75 | 7.72 | 7 | 9.5 | 10 | - | - |
| Net margin | 0.47% | 101.53% | 22.11% | -51.11% | 72.76% | -107.95% | 20.16% | -38.97% | -31.57% | 6.94% | 6.16% | 8.27% | 8.7% | - | - |
| EPS 2 | - | 0.5000 | 0.1300 | -0.2900 | 0.4000 | -0.6200 | 0.0700 | -0.2700 | -0.3700 | 0.2100 | 0.3000 | 0.3300 | 0.2800 | 0.4000 | 0.4100 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 22-03-10 | 22-05-12 | 22-08-11 | 22-11-10 | 23-03-09 | 23-05-11 | 23-08-10 | 23-11-09 | 24-03-14 | 24-05-09 | - | - | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 80.8 | 208 | - | 294 | 212 | 145 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.064 x | 3.331 x | - | 2.63 x | 1.494 x | 0.9667 x |
| Free Cash Flow 1 | -22.8 | -177 | - | 66.2 | 88.4 | - |
| ROE (net income / shareholders' equity) | 0.95% | 4.9% | - | 4.47% | 7.53% | - |
| ROA (Net income/ Total Assets) | - | 3.01% | - | 4% | 6% | - |
| Assets 1 | - | 862.1 | - | 1,200 | 895.8 | - |
| Book Value Per Share | - | - | - | - | - | - |
| Cash Flow per Share 2 | 0.4100 | - | 0.6600 | 2.880 | 3.430 | - |
| Capex 1 | 31 | 245 | - | 37.5 | 38 | 60 |
| Capex / Sales | 134.35% | 321.39% | - | 8.65% | 8.33% | 13.07% |
| Announcement Date | 22-03-10 | 23-03-09 | 24-03-14 | - | - | - |
1CAD in Million2CAD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
7.9
CAD
Average target price
12.09
CAD
Spread / Average Target
+53.09%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -2.11% | 201M | |
| +9.01% | 1.95B | |
| -.--% | 209M | |
| -38.30% | 164M |
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- Financials Tidewater Renewables Ltd.