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Last update at 2024-12-23T21:00:00Z
Tree Island Steel Announces Third Quarter 2023 Results
Thu 09 Nov 23, 09:46 PMTree Island Renews Normal Course Issuer Bid
Tue 07 Nov 23, 01:00 PMTree Island Receives Notices of Reassessment from CRA
Wed 20 Sep 23, 10:45 PMTree Island Steel Announces Quarterly Dividend
Fri 15 Sep 23, 12:00 PMTree Island Steel Announces Executive Appointments and Second Quarter 2023 Results
Thu 27 Jul 23, 09:00 PMTree Island Steel Announces Quarterly and Special Dividend
Thu 15 Jun 23, 12:00 PMTree Island Completes Renewal of its Banking Facility
Mon 08 May 23, 12:00 PM| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 44.21M | 113.48M | 7.18M | -5.22100M | 4.76M |
| Minority interest | - | - | - | - | - |
| Net income | 33.11M | 87.97M | 5.13M | -5.19000M | 2.59M |
| Selling general administrative | 14.85M | 16.37M | 13.95M | 15.76M | 16.65M |
| Selling and marketing expenses | - | - | - | - | - |
| Gross profit | 65.33M | 68.63M | 25.85M | 17.77M | 25.84M |
| Reconciled depreciation | 5.50M | 5.84M | 6.04M | 6.23M | 3.49M |
| Ebit | 50.48M | 52.26M | 11.90M | 2.01M | 8.17M |
| Ebitda | 53.57M | 58.09M | 17.91M | 8.20M | 11.66M |
| Depreciation and amortization | 3.08M | 5.83M | 6.02M | 6.19M | 3.49M |
| Non operating income net other | - | - | - | - | - |
| Operating income | 50.48M | 52.26M | 11.90M | 2.01M | 9.19M |
| Other operating expenses | 290.18M | 249.59M | 204.00M | 198.39M | 226.12M |
| Interest expense | 2.25M | 2.52M | 4.32M | 4.63M | 3.41M |
| Tax provision | 11.11M | 25.51M | 2.04M | -0.03100M | 2.17M |
| Interest income | 1.61M | 2.09M | 2.24M | 3.77M | 0.98M |
| Net interest income | -2.27400M | -2.53200M | -4.33500M | -4.66200M | -3.50000M |
| Extraordinary items | - | - | - | - | - |
| Non recurring | - | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | 11.11M | 25.51M | 2.04M | -0.03100M | 2.17M |
| Total revenue | 338.43M | 301.85M | 215.89M | 200.41M | 235.31M |
| Total operating expenses | 17.08M | 16.37M | 13.95M | 15.76M | 16.65M |
| Cost of revenue | 273.10M | 233.22M | 190.04M | 182.63M | 209.47M |
| Total other income expense net | -6.27100M | 61.22M | -4.72000M | -7.23500M | -4.42800M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | 33.11M | 87.97M | 5.13M | -5.19000M | 2.59M |
| Net income applicable to common shares | 33.11M | 87.97M | 5.13M | -5.19000M | 2.59M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 171.98M | 176.33M | 225.81M | 146.55M | 159.12M |
| Intangible assets | - | - | - | - | - |
| Earning assets | - | - | - | - | - |
| Other current assets | 4.69M | 5.22M | 6.79M | 3.21M | 3.33M |
| Total liab | 45.10M | 48.23M | 93.19M | 95.48M | 110.47M |
| Total stockholder equity | 126.88M | 128.10M | 132.62M | 51.07M | 48.65M |
| Deferred long term liab | - | 0.01M | 0.04M | 0.06M | 0.06M |
| Other current liab | 0.03M | 1.43M | 20.64M | 2.05M | 0.81M |
| Common stock | 218.98M | 222.63M | 223.16M | 223.36M | 223.99M |
| Capital stock | 218.98M | 222.63M | 223.16M | 223.36M | 223.99M |
| Retained earnings | -91.01900M | -94.13300M | -88.01200M | -169.72600M | -172.56600M |
| Other liab | - | 3.94M | 4.25M | 4.07M | 3.70M |
| Good will | - | - | - | - | - |
| Other assets | - | 1.31M | 1.28M | 1.42M | 1.49M |
| Cash | 20.34M | 14.98M | 33.25M | 1.25M | 0.91M |
| Cash and equivalents | - | - | - | - | - |
| Total current liabilities | 16.66M | 20.67M | 54.28M | 24.24M | 24.84M |
| Current deferred revenue | 0.81M | - | - | 1.95M | 0.58M |
| Net debt | 3.46M | 10.94M | 7.77M | 70.34M | 86.64M |
| Short term debt | 0.74M | 2.30M | 6.37M | 4.42M | 5.62M |
| Short long term debt | - | - | - | 2.83M | 4.06M |
| Short long term debt total | 23.80M | 25.91M | 41.02M | 71.59M | 87.55M |
| Other stockholder equity | - | -0.40000M | -13.93000M | -13.96800M | -14.17500M |
| Property plant equipment | - | 65.70M | 68.93M | 69.05M | 73.68M |
| Total current assets | 102.52M | 109.32M | 155.60M | 76.08M | 83.95M |
| Long term investments | - | - | - | - | - |
| Net tangible assets | - | 128.10M | 132.62M | 51.07M | 48.65M |
| Short term investments | - | - | - | - | - |
| Net receivables | 25.42M | 31.59M | 38.05M | 24.82M | 24.68M |
| Long term debt | - | 0.00000M | 10.36M | 38.61M | 51.41M |
| Inventory | 52.07M | 57.53M | 77.51M | 46.81M | 55.03M |
| Accounts payable | 15.08M | 16.94M | 27.28M | 17.77M | 18.40M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | -1.08000M | -0.40000M | -2.53000M | -2.56800M | -2.77500M |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | - | - | 223.36M | 223.99M |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | - | - | - | - |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 2.82M | 1.31M | 1.28M | 1.42M | 1.49M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 69.45M | 67.01M | 70.20M | 70.47M | 75.17M |
| Capital lease obligations | 23.80M | 25.91M | 27.84M | 30.15M | 32.09M |
| Long term debt total | - | 23.62M | 34.65M | 67.16M | 81.92M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -1.45600M | 57.11M | -1.92200M | -1.94200M | -8.50700M |
| Change to liabilities | -10.23000M | 9.64M | -0.57000M | -4.61600M | 3.70M |
| Total cashflows from investing activities | -1.45600M | 57.11M | -1.92200M | -1.94200M | -8.50700M |
| Net borrowings | -17.44000M | -29.71600M | -16.70900M | -17.58900M | 18.17M |
| Total cash from financing activities | -60.25200M | -36.98600M | -22.40000M | -24.59000M | 11.97M |
| Change to operating activities | 1.50M | -3.30100M | 0.17M | 0.23M | -1.13300M |
| Net income | 33.11M | 87.97M | 5.13M | -5.19000M | 2.59M |
| Change in cash | -18.27500M | 32.01M | 0.34M | -0.37000M | -0.37400M |
| Begin period cash flow | 33.25M | 1.25M | 0.91M | 1.28M | 1.65M |
| End period cash flow | 14.98M | 33.25M | 1.25M | 0.91M | 1.28M |
| Total cash from operating activities | 43.38M | 11.87M | 24.68M | 26.21M | -3.90100M |
| Issuance of capital stock | - | - | - | - | - |
| Depreciation | 5.50M | 5.84M | 6.04M | 6.23M | 3.49M |
| Other cashflows from investing activities | 0.00000M | 69.24M | 0.80M | 0.20M | 0.20M |
| Dividends paid | 40.09M | 4.55M | 2.30M | 2.32M | 2.36M |
| Change to inventory | 19.98M | -30.70400M | 8.26M | 26.57M | -21.67400M |
| Change to account receivables | 7.61M | -13.23600M | -0.56900M | -0.12200M | 2.02M |
| Sale purchase of stock | -0.53400M | -0.20000M | -0.63100M | -0.72100M | -1.26200M |
| Other cashflows from financing activities | -2.19100M | -2.51800M | 2.48M | -4.00700M | 17.47M |
| Change to netincome | 5.33M | -61.27600M | 2.87M | 3.29M | 5.75M |
| Capital expenditures | 1.46M | 12.13M | 2.72M | 1.94M | 8.54M |
| Change receivables | - | - | - | - | - |
| Cash flows other operating | - | - | - | - | - |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | - | - | - | - | - |
| Change in working capital | -0.58600M | -20.67700M | 8.94M | 21.09M | -16.75800M |
| Stock based compensation | - | - | -0.16600M | -0.52800M | - |
| Other non cash items | 5.61M | -61.41900M | 4.17M | 4.13M | 4.93M |
| Free cash flow | 41.92M | -0.25800M | 21.95M | 24.27M | -12.44100M |
Sector: Basic Materials Industry: Steel
| Company | Change (CAD) | Price (CAD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| TSL Tree Island Steel Ltd. |
0.01 0.33% | 3.06 | 58.80 | 7.03 | 0.37 | 0.63 | 0.41 | 8.33 |
| CIA Champion Iron Ltd |
0.06 1.16% | 5.23 | 11.15 | 12.44 | 1.64 | 1.88 | 1.86 | 5.23 |
| LIF Labrador Iron Ore Royalty Corp |
0.47 1.61% | 29.61 | 9.75 | 8.03 | 9.23 | 2.88 | 9.03 | 11.48 |
| ASTL Algoma Steel Group Inc |
0.28 2.07% | 13.79 | - | 9.30 | 0.68 | 1.20 | 0.75 | 134.45 |
Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products in Canada, the United States, and internationally. It offers low-carbon and high-carbon galvanized steel wires; clean and bright wire for industrial and original equipment manufacturer customers; agricultural products, including fencing, barbed wire, galvanized wire, and bright wire, as well as other fabricated wire products specifically for farming, ranching, and vineyards; welded wire concrete reinforcing mesh and other fabricated wire products for heavy construction industry and infrastructure projects; and nails and stucco reinforcing products for residential and light commercial construction. The company also provides black annealed wires, woven and welded wires, corners, and accessories. It markets its products under the Tree Island, Halsteel, True Spec, K-Lath, TI Wire, Tough Strand, and ToughPanel brand names. The company was formerly known as Tree Island Wire Income Fund and changed its name to Tree Island Steel Ltd. in October 2012. Tree Island Steel Ltd. was founded in 1964 and is headquartered in Richmond, Canada.
3933 Boundary Road, Richmond, BC, Canada, V6V 1T8
| Name | Title | Year Born |
|---|---|---|
| Mr. Amardeip Singh Doman | Exec. Chairman | NA |
| Mr. Remy Stachowiak | Pres & COO | NA |
| Ms. Nancy Davies | CFO & VP of Fin. | NA |
| Ali Mahdavi | Head of Investor Relations | NA |
| Mr. Dean Patterson | Gen. Mang. of Sales & Marketing | NA |
| Mr. Amardeip Singh Doman | Executive Chairman of the Board | NA |
| Mr. Brian Liu | VP of Finance & CFO | NA |
| Ms. Nancy Davies | Chief Operating Officer | NA |
| Mr. Dean Patterson | General Manager of Sales & Marketing | NA |
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