Tidewater Renewables Ltd. (LCFS) AI Stock Analysis

• Market Cap: C$145.66M
• Dividend Yield: N/A
• Average Volume (3M): 11.21K
• Price to Earnings (P/E): 10.5
• Beta (1Y): -1.52
• Revenue Growth: -30.92%
• EPS Growth: N/A
• Country: CA
• Employees: 83
• Sector: Utilities
• Sector Strength: 65
• Industry: Renewable Utilities
• EPS (TTM): -0.03
• Shares Outstanding: 36,414,000
• 10 Day Avg. Volume: 12,968
• 30 Day Avg. Volume: 11,206
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.19
• Price to Sales (P/S): 0.07
• P/FCF Ratio: 0.93
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$6.00
• Price Target Upside: 50.00% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: C$4.00 ▲(0.00% Upside)

The overall stock score for Tidewater Renewables Ltd. is primarily influenced by its mixed financial performance, with improved profitability but declining revenue growth and cash flow challenges. Technical indicators suggest a neutral to bearish trend, while the valuation appears reasonable. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Improved Profitability

The improvement in net profit margin indicates better cost management and profitability, which can enhance long-term financial stability.

Government Incentives

Government incentives provide a stable revenue stream, supporting the company's growth in the renewable energy sector and enhancing its competitive edge.

Return on Equity

Improved return on equity suggests efficient use of equity to generate profits, indicating effective management and potential for shareholder value creation.

Negative Factors

Declining Revenue Growth

The decline in revenue growth indicates challenges in maintaining sales momentum, which could impact the company's ability to expand and capture market share.

High Leverage

High leverage poses financial risks, potentially limiting the company's ability to invest in growth opportunities and increasing vulnerability to economic downturns.

Cash Flow Challenges

Cash flow constraints can hinder operational flexibility and investment capacity, affecting the company's ability to sustain long-term growth and financial health.

Tidewater Renewables Ltd. Business Overview & Revenue Model

Company Description

Tidewater Renewables Ltd. engages in production of renewable fuel in North America. It intends to focus on the production of low carbon fuels, including renewable diesel, renewable hydrogen, and renewable natural gas, as well as carbon capture. The company intends to supply low carbon fuels to investment grade offtakers, existing customers, government entities, first nations groups, and others in the transportation, utilities, refining, marketing, power, and other industries. Tidewater Renewables Ltd. was incorporated in 2021 and is headquartered in Calgary, Canada.

How the Company Makes Money

Tidewater Renewables generates revenue primarily through the production and sale of renewable diesel and sustainable aviation fuel, which are sold to various end-users including transportation and aviation companies. The company benefits from government incentives and credits associated with low-carbon fuel standards (LCFS), allowing it to monetize its carbon reduction efforts. Additionally, partnerships with feedstock suppliers and distribution networks enhance its operational efficiency and market reach. The demand for renewable fuels driven by regulatory frameworks and increasing consumer preference for sustainable energy solutions further contributes to its revenue streams.

Tidewater Renewables Ltd. Financial Statement Overview

Summary

Tidewater Renewables Ltd. faces significant financial challenges, including declining revenues, negative net income, and high leverage. The income statement, balance sheet, and cash flow analysis all indicate weak financial health, with negative profit margins and cash flow difficulties.

Income Statement

The income statement shows significant challenges with negative net income and declining revenue growth. The TTM data indicates a negative net profit margin of -96.61%, and a revenue decline of 19.74% compared to the previous period. Gross profit margin has also decreased from 27.70% to 22.81%. The company is struggling with profitability as reflected in negative EBIT and EBITDA margins.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 1.10 in the TTM period, indicating significant leverage. Return on equity is negative, reflecting ongoing losses. However, the equity ratio remains relatively stable, suggesting some balance in asset financing.

Cash Flow

Cash flow analysis shows a concerning trend with negative free cash flow and a low operating cash flow to net income ratio of 0.11 in the TTM period. Free cash flow to net income is also negative, indicating cash flow challenges. Despite a slight improvement in free cash flow growth, the overall cash flow position remains weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	269.73M	426.54M	97.68M	76.10M	23.05M	4.17M
Gross Profit	43.48M	118.15M	44.05M	46.13M	8.93M	-1.78M
EBITDA	54.45M	-404.94M	-17.12M	62.30M	12.11M	-3.93M
Net Income	13.92M	-357.85M	-41.02M	25.94M	2.76M	-12.70M
Balance Sheet
Total Assets	398.45M	406.53M	1.09B	993.32M	730.99M	73.30M
Cash, Cash Equivalents and Short-Term Investments	2.04M	44.00K	105.00K	11.38M	1.02M	-25.35M
Total Debt	186.77M	192.98M	345.60M	219.37M	81.86M	25.35M
Total Liabilities	229.37M	248.75M	573.57M	443.20M	215.40M	33.38M
Stockholders Equity	169.08M	151.27M	506.63M	543.63M	515.60M	39.92M
Cash Flow
Free Cash Flow	-9.24M	30.60M	-180.02M	-177.13M	-24.62M	-8.01M
Operating Cash Flow	9.15M	54.65M	22.78M	67.44M	6.36M	-4.43M
Investing Cash Flow	11.09M	129.08M	-136.04M	-194.50M	-213.15M	-3.02M
Financing Cash Flow	-18.21M	-183.79M	101.98M	137.41M	207.81M	7.45M

Tidewater Renewables Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 4.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:LCFS, the sentiment is Neutral. The current price of 4 is below the 20-day moving average (MA) of 4.04, below the 50-day MA of 4.07, and above the 200-day MA of 3.31, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 46.85 is Neutral, neither overbought nor oversold. The STOCH value of 28.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:LCFS.

Tidewater Renewables Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INE	72 Outperform	―	―	―	―	0.97%	―
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
REVV	59 Neutral	C$14.25M	-4.00	-69.20%	―	-31.40%	-354.49%
WEB	54 Neutral	C$53.09M	3.21	42.58%	―	―	-51.92%
LCFS	50 Neutral	C$145.66M	10.46	8.55%	―	-30.92%	―
BLX	47 Neutral	C$2.59B	-112.77	-1.47%	2.61%	-11.91%	-132.41%
GIP	45 Neutral	C$64.57M	-3.48	-23.88%	―	-19.22%	11.82%

Tidewater Renewables Ltd. Corporate Events

Tidewater Renewables Reports Improved Q3 Results and Strategic Advancements

Tidewater Renewables Ltd. reported a net loss of $1.0 million for the third quarter of 2025, showing significant improvement from the previous year’s loss. The company achieved a 21% increase in Adjusted EBITDA, driven by contributions from its joint venture with Rimrock Cattle Company. The Canadian government’s new Biofuels Production Incentive is expected to enhance the company’s cash flow and returns, while additional BC LCFS Credits will support its sustainable aviation fuel project. The company also completed a scheduled turnaround at its HDRD Complex, with plans to restore full capacity by December 2025.

Tidewater Renewables Reports Improved Q3 2025 Results and Anticipates Benefits from New Biofuels Incentive

Tidewater Renewables Ltd. reported a net loss of $1.0 million for the third quarter of 2025, a significant improvement from the $367.1 million loss in the same period last year. The company’s Adjusted EBITDA increased by 21% year-over-year, driven by higher contributions from its joint venture with Rimrock Cattle Company Ltd. The Canadian government’s new $370 million Biofuels Production Incentive is expected to benefit Tidewater Renewables, enhancing cash flow and returns. Additionally, the company completed a scheduled turnaround at its renewable diesel and hydrogen complex, although it faced a short unplanned outage due to equipment issues.