Tree Island Steel Ltd
TSX:TSL

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Tree Island Steel Ltd
TSX:TSL
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Price: 3.11 CAD 0.65% Market Closed
Market Cap: 80.5m CAD
Section:
 

Relative Value

The Relative Value of one TSL stock under the Base Case scenario is 4.88 CAD. Compared to the current market price of 3.11 CAD, Tree Island Steel Ltd is Undervalued by 36%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

TSL Relative Value
Base Case
4.88 CAD
Undervaluation 36%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

0.5
P/S
P/S
Price to Sales
0.5
vs History
0
vs Industry
83
Median 3Y
0.3
Median 5Y
0.3
Industry
2
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
7
Median 3Y
2.9
Median 5Y
3.2
Industry
18.8
More Details
Negative
P/OCF
P/OCF
Price to OCF
N/A
vs History
vs Industry
21
Median 3Y
1.5
Median 5Y
2.1
Industry
10.9
More Details
Negative
P/FCFE
P/FCFE
Price to FCFE
N/A
vs History
vs Industry
12
Median 3Y
-3.5
Median 5Y
1.7
Industry
18.2
More Details
0.7
P/B
P/B
Price to Book Value
0.7
vs History
57
vs Industry
70
Median 3Y
0.7
Median 5Y
0.7
Industry
2.1
More Details
0.6
EV/S
EV/S
Enterprise Value to Sales
0.6
vs History
9
vs Industry
82
Median 3Y
0.4
Median 5Y
0.4
Industry
2.5
More Details
10.8
EV/GP
EV/GP
Enterprise Value to Gross Profit
10.8
vs History
0
vs Industry
40
Median 3Y
4
Median 5Y
3.6
Industry
8.3
More Details
40.3
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
40.3
vs History
0
vs Industry
8
Median 3Y
6.4
Median 5Y
4.5
Industry
12.3
More Details
Negative
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
N/A
vs History
vs Industry
20
Median 3Y
2.4
Median 5Y
3.2
Industry
14.9
More Details
Negative
EV/OCF
EV/OCF
Enterprise Value to OCF
N/A
vs History
vs Industry
23
Median 3Y
1.5
Median 5Y
3.3
Industry
12.2
More Details
Negative
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
N/A
vs History
vs Industry
15
Median 3Y
-12.4
Median 5Y
1.6
Industry
16.4
More Details
0.7
EV/IC
EV/IC
Enterprise Value to IC
0.7
vs History
34
vs Industry
65
Median 3Y
0.7
Median 5Y
0.7
Industry
1.9
More Details

Multiples Across Competitors

TSL Competitors Multiples
Tree Island Steel Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Tree Island Steel Ltd
TSX:TSL
80.6m CAD 0.5 -15.1 40.3 -37.3
ZA
Kumba Iron Ore Ltd
JSE:KIO
108.5B Zac 0 0 0 0
BR
Vale SA
BOVESPA:VALE3
302.4B BRL 1.4 10 4.8 6.2
AU
Fortescue Ltd
XMUN:FVJ
38.3B EUR 2.9 13.3 8.9 8.9
AU
Fortescue Metals Group Ltd
ASX:FMG
67.3B AUD 2.9 13.2 8.8 8.8
US
Nucor Corp
NYSE:NUE
36.4B USD 1.1 22.1 10.2 16.1
LU
ArcelorMittal SA
AEX:MT
29.3B EUR 0.6 13.3 6.4 12.3
IN
JSW Steel Ltd
NSE:JSWSTEEL
2.6T INR 1.5 43.7 12.8 20.2
US
Steel Dynamics Inc
NASDAQ:STLD
25.7B USD 1.5 22.8 14.8 20.4
IN
Tata Steel Ltd
NSE:TATASTEEL
2.1T INR 0.9 30.9 9.5 15.2
CN
Baoshan Iron & Steel Co Ltd
SSE:600019
157B CNY 0.5 16.6 16.1 16.1
P/E Multiple
Earnings Growth PEG
CA
Tree Island Steel Ltd
TSX:TSL
Average P/E: 20.7
Negative Multiple: -15.1 		N/A N/A
ZA
K
Kumba Iron Ore Ltd
JSE:KIO
Not Available
-9%
N/A
BR
Vale SA
BOVESPA:VALE3
10
16%
0.6
AU
F
Fortescue Ltd
XMUN:FVJ
13.3
-6%
N/A
AU
Fortescue Metals Group Ltd
ASX:FMG
13.2
-6%
N/A
US
Nucor Corp
NYSE:NUE
22.1
15%
1.5
LU
ArcelorMittal SA
AEX:MT
13.3
50%
0.3
IN
JSW Steel Ltd
NSE:JSWSTEEL
43.7
74%
0.6
US
Steel Dynamics Inc
NASDAQ:STLD
22.8
12%
1.9
IN
Tata Steel Ltd
NSE:TATASTEEL
30.9
79%
0.4
CN
Baoshan Iron & Steel Co Ltd
SSE:600019
16.6
26%
0.6
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Tree Island Steel Ltd
TSX:TSL
Average EV/EBITDA: 13.2
40.3
N/A N/A
ZA
K
Kumba Iron Ore Ltd
JSE:KIO
Not Available
6%
N/A
BR
Vale SA
BOVESPA:VALE3
4.8
8%
0.6
AU
F
Fortescue Ltd
XMUN:FVJ
8.9
10%
0.9
AU
Fortescue Metals Group Ltd
ASX:FMG
8.8
10%
0.9
US
Nucor Corp
NYSE:NUE
10.2
10%
1
LU
ArcelorMittal SA
AEX:MT
6.4
13%
0.5
IN
JSW Steel Ltd
NSE:JSWSTEEL
12.8
24%
0.5
US
Steel Dynamics Inc
NASDAQ:STLD
14.8
13%
1.1
IN
Tata Steel Ltd
NSE:TATASTEEL
9.5
20%
0.5
CN
Baoshan Iron & Steel Co Ltd
SSE:600019
16.1
59%
0.3
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Tree Island Steel Ltd
TSX:TSL
Average EV/EBIT: 13.8
Negative Multiple: -37.3 		N/A N/A
ZA
K
Kumba Iron Ore Ltd
JSE:KIO
Not Available
-4%
N/A
BR
Vale SA
BOVESPA:VALE3
6.2
6%
1
AU
F
Fortescue Ltd
XMUN:FVJ
8.9
-8%
N/A
AU
Fortescue Metals Group Ltd
ASX:FMG
8.8
-8%
N/A
US
Nucor Corp
NYSE:NUE
16.1
13%
1.2
LU
ArcelorMittal SA
AEX:MT
12.3
15%
0.8
IN
JSW Steel Ltd
NSE:JSWSTEEL
20.2
37%
0.5
US
Steel Dynamics Inc
NASDAQ:STLD
20.4
13%
1.6
IN
Tata Steel Ltd
NSE:TATASTEEL
15.2
30%
0.5
CN
Baoshan Iron & Steel Co Ltd
SSE:600019
16.1
24%
0.7

See Also

Summary
TSL intrinsic value, competitors valuation, and company profile.
DCF Valuation
TSL stock valuation using Discount Cash Flow valuation method.
Relative Valuation
TSL stock valuation using valuation multiples.
Wall Street Estimates
TSL price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
TSL stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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