Education
About Us
Working with TipRanks
Follow Us
Tidewater Renewables Ltd. (TSE:LCFS)
TSX:LCFS
RESEARCH TOOLSreports
Top Page
Tidewater Renewables Ltd.
(TSX:LCFS)
Rating:50Neutral
Price Target:
C$2.50
▼(-13.79% Downside)
Tidewater Renewables Ltd. (LCFS) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$105.59M
Dividend YieldN/A
Average Volume (3M)4.35K
Price to Earnings (P/E)―
Beta (1Y)-1.10
Revenue Growth97.32%
EPS Growth-2916.07%
CountryCA
Employees83
SectorUtilities
Sector Strength87
IndustryRenewable Utilities
Share Statistics
EPS (TTM)0.36
Shares Outstanding36,411,503
10 Day Avg. Volume8,894
30 Day Avg. Volume4,353
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$4.00Price Target Upside37.93% Upside
Rating ConsensusHold
Number of Analyst Covering2
Tidewater Renewables Ltd. Business Overview & Revenue Model
Company DescriptionTidewater Renewables Ltd. (LCFS) is a Canadian energy company focused on producing low-carbon fuels and renewable energy solutions. Operating within the renewable energy sector, the company primarily engages in the production of renewable diesel, hydrogen, and other clean energy products aimed at reducing carbon emissions. Tidewater Renewables leverages its strategic infrastructure and partnerships to deliver sustainable energy solutions that meet the evolving needs of the energy market.
How the Company Makes MoneyTidewater Renewables Ltd. generates revenue through the production and sale of low-carbon fuels and renewable energy products, including renewable diesel and hydrogen. The company capitalizes on its existing infrastructure and strategic location to access feedstock and deliver its products efficiently. Revenue streams include sales contracts with fuel distributors, partnerships with other energy companies, and government incentives or credits for producing low-carbon fuels. Additionally, the company benefits from participating in carbon credit markets, allowing it to monetize reductions in carbon emissions. These diverse revenue streams enable Tidewater Renewables to maintain a robust financial foundation while contributing to a sustainable energy future.
Tidewater Renewables Ltd. Earnings Call Summary
Earnings Call Date:Aug 14, 2025
(Q3-2024)
| % Change Since: 9.43%|
Next Earnings Date:Nov 06, 2025
Earnings Call Sentiment Negative
The earnings call highlighted significant asset sales and debt reduction, strong operational performance at the HDRD Complex, and progress on a sustainable aviation fuel project. However, these positives were overshadowed by a significant decline in adjusted EBITDA, weak emission credit markets, and challenges related to trade remedies against U.S. imports.Q3-2024 Updates
Positive Updates
Asset Sale and Debt Reduction
Completed a significant transaction with Tidewater Midstream, selling key assets for $122 million, which was used to reduce outstanding debt on the senior credit facility.
HDRD Complex Performance
The HDRD Complex achieved a 95% utilization rate in Q3 2024, producing and selling over 140 million liters of renewable diesel since November 2023.
Sustainable Aviation Fuel Project Progress
Continued progress on the front-end engineering design for a 6,500-barrel per day sustainable aviation fuel project, fully funded through BC LCFS credits.
Negative Updates
Decline in Adjusted EBITDA
Adjusted EBITDA fell to $13.6 million in Q3 2024, down from $29.6 million in Q2 2024, due to the sale of EBITDA-generating assets and termination of take-or-pay contracts.
Weak Emission Credit Market
The demand and price for emission credits remain weak, impacting the company’s ability to compete with subsidized U.S. producers.
Trade Remedy Challenges
Engaged in trade remedy complaints against U.S. renewable diesel imports, which are unfairly priced and affect competitiveness. The outcome and timeline of this complaint are uncertain.
Company Guidance
During the Q3 2024 earnings call for Tidewater Renewables, the company provided significant guidance on its operations and financial performance. The company completed the sale of key assets to Tidewater Midstream, generating $122 million in cash proceeds, which were used to reduce debt. Tidewater Renewables also secured $7.7 million in BC LCFS credits from this transaction. The HDRD Complex achieved a 95% utilization rate, producing over 140 million liters of renewable diesel. The company reported adjusted EBITDA of $13.6 million for Q3, down from $29.6 million in Q2, primarily due to the asset sale. The first lien credit facility was reduced to $30 million and extended to February 2026. In addition, Tidewater Renewables is pursuing a trade remedy complaint against U.S. imports, anticipating potential duty relief by late Q2 2025. The company remains optimistic about policy support to create a level playing field with U.S. producers and continues to advance its sustainable aviation fuel project, funded by BC LCFS credits.Tidewater Renewables Ltd. Financial Statement Overview
Summary
Tidewater Renewables Ltd. is facing financial headwinds with negative profitability and cash flow metrics. The income statement shows a challenging situation with a negative net income trend and declining gross profit margins. Cash flow analysis indicates negative free cash flow growth, impacting future investments and financial health. The balance sheet shows moderate stability but with increasing leverage.Income Statement
The income statement shows a challenging financial situation with a negative net income trend and declining gross profit margins. Revenue growth is inconsistent, with significant fluctuations over the years. Despite a positive EBIT margin, the negative EBITDA highlights ongoing operational challenges.40
Negative
Balance Sheet
The balance sheet reflects moderate financial stability with a manageable debt-to-equity ratio. However, a declining equity ratio suggests increasing leverage. Return on equity metrics are negative due to consistent net losses, which is a concern for long-term sustainability.55
Neutral
Cash Flow
Cash flow analysis indicates negative free cash flow growth and a decreasing operating cash flow to net income ratio. This suggests that the company is struggling to generate cash from its operations, which could impact future investments and financial health.35
Negative
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 426.54M | 97.68M | 76.10M | 23.05M | 4.17M |
| Gross Profit | 118.15M | 44.05M | 46.13M | 8.93M | -1.78M |
| EBITDA | -409.47M | -17.12M | 62.30M | 12.11M | -4.01M |
| Net Income | -357.85M | -41.02M | 25.94M | 2.76M | -12.70M |
Balance Sheet | |||||
| Total Assets | 406.53M | 1.09B | 993.32M | 730.99M | 73.30M |
| Cash, Cash Equivalents and Short-Term Investments | 44.00K | 105.00K | 11.38M | 1.02M | -25.35M |
| Total Debt | 192.98M | 345.60M | 219.37M | 81.86M | 25.35M |
| Total Liabilities | 248.75M | 573.57M | 443.20M | 215.40M | 33.38M |
| Stockholders Equity | 151.27M | 506.63M | 543.63M | 515.60M | 39.92M |
Cash Flow | |||||
| Free Cash Flow | 30.60M | -180.02M | -177.13M | -24.62M | -8.01M |
| Operating Cash Flow | 54.65M | 22.78M | 67.44M | 6.36M | -4.43M |
| Investing Cash Flow | 129.08M | -136.04M | -194.50M | -213.15M | -3.02M |
| Financing Cash Flow | -183.79M | 101.98M | 137.41M | 207.81M | 7.45M |
Tidewater Renewables Ltd. Technical Analysis
Positive
2.90
Price Trends
2.63
Positive
2.74
Positive
1.95
Positive
Market Momentum
0.09
Negative
60.88
Neutral
81.02
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:LCFS, the sentiment is Positive. The current price of 2.9 is above the 20-day moving average (MA) of 2.76, above the 50-day MA of 2.63, and above the 200-day MA of 1.95, indicating a bullish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 60.88 is Neutral, neither overbought nor oversold. The STOCH value of 81.02 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:LCFS.
Tidewater Renewables Ltd. Peers Comparison
Overall Rating
UnderperformOutperform
Sector (56)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
59 Neutral | C$15.60M | 6.39 | 73.47% | ― | 371.84% | ― | |
56 Neutral | AU$1.98B | 1.74 | 5.21% | 4.09% | 24.08% | -117.07% | |
54 Neutral | C$61.70M | 3.51 | 39.75% | ― | ― | -46.57% | |
51 Neutral | C$3.05B | 271.12 | -0.61% | 2.24% | -13.45% | -112.19% | |
50 Neutral | C$105.59M | ― | -107.29% | ― | 97.32% | -2916.07% | |
50 Neutral | C$75.38M | ― | -24.89% | ― | -5.41% | -170.13% |
* Utilities Sector Average
Performance Comparison
TSE:LCFS
Tidewater Renewables Ltd.
3.01
-0.76
-20.16%
TSE:BLX
Boralex Inc Cl A
29.53
-4.26
-12.61%
TSE:WEB
Westbridge Energy
0.62
-0.23
-27.06%
TSE:GIP
Green Impact Partners Inc
3.80
0.00
0.00%
TSE:REVV
ReVolve Renewable Power Corp
0.23
-0.04
-14.81%
Tidewater Renewables Ltd. Corporate Events
Executive/Board ChangesShareholder MeetingsBusiness Operations and Strategy
Tidewater Renewables Announces AGM Results and Strategic Decisions
Neutral
May 28, 2025
Tidewater Renewables Ltd. announced the results of its annual general meeting, where 82.431% of outstanding shares were voted. Key outcomes included the election of four directors, re-appointment of Deloitte LLP as auditors, and approval of the executive compensation approach. These decisions are pivotal for the company’s governance and strategic direction as it continues to focus on renewable energy solutions.
The most recent analyst rating on (TSE:LCFS) stock is a Hold with a C$5.00 price target. To see the full list of analyst forecasts on Tidewater Renewables Ltd. stock, see the TSE:LCFS Stock Forecast page.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.