Tree Island Steel (TSE:TSL)
TSX:TSL
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Tree Island Steel
(TSX:TSL)
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Rating:47Neutral
Price Target:
C$2.50
▼(-19.09% Downside)
Action:ReiteratedDate:03/15/26
The score is primarily held back by weak financial performance, driven by multi-year revenue declines, recent operating/net losses, and negative operating/free cash flow, partially offset by a comparatively stable balance sheet. Technical indicators are neutral and do not show strong trend support. Valuation is difficult to assess due to losses, though the dividend yield provides modest support.
Positive Factors
Manageable leverage / strong equity cushion
A relatively low and stable debt-to-equity ratio and sizable equity base provide a durable financial cushion through cyclical downturns. This reduces near-term refinancing pressure, preserves liquidity optionality for operational fixes, and supports credibility with lenders over months.
Negative Factors
Multi-year revenue decline
Sustained revenue contraction erodes scale economics and fixed-cost absorption, pressuring gross and operating margins. If top-line declines persist, recovery will require either market share gains, product mix improvement, or new channels — any of which can take many quarters to execute.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage / strong equity cushion
A relatively low and stable debt-to-equity ratio and sizable equity base provide a durable financial cushion through cyclical downturns. This reduces near-term refinancing pressure, preserves liquidity optionality for operational fixes, and supports credibility with lenders over months.
Read all positive factors
Tree Island Steel (TSL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$66.81M
Dividend Yield2.63%
Average Volume (3M)3.23K
Price to Earnings (P/E)―
Beta (1Y)0.28
Revenue Growth-16.85%
EPS Growth-117.65%
CountryCA
Employees420
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)-0.13
Shares Outstanding25,895,264
10 Day Avg. Volume2,529
30 Day Avg. Volume3,226
Financial Highlights & Ratios
PEG Ratio-0.36
Price to Book (P/B)0.71
Price to Sales (P/S)0.45
P/FCF Ratio-27.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Tree Island Steel Business Overview & Revenue Model
Company Description
Tree Island Steel Ltd. is a leading manufacturer of steel products in North America, specializing in the production of wire and wire products for various sectors, including construction, agriculture, and industrial applications. The company operat...
How the Company Makes Money
Tree Island Steel makes money primarily by manufacturing and selling steel wire and fabricated wire products to customers (e.g., construction-related distributors, industrial users, and agricultural markets). Its core revenue stream is product sal...
Tree Island Steel Financial Statement Overview
Summary
Income Statement
36
Negative
Balance Sheet
72
Positive
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 170.83M | 206.99M | 239.57M | 359.56M | 301.85M |
| Gross Profit | 9.45M | 11.79M | 30.29M | 65.33M | 68.63M |
| EBITDA | 2.83M | 4.81M | 18.34M | 51.98M | 121.85M |
| Net Income | -5.33M | -3.91M | 7.55M | 33.11M | 87.97M |
Balance Sheet | |||||
| Total Assets | 154.88M | 168.82M | 171.98M | 176.33M | 225.81M |
| Cash, Cash Equivalents and Short-Term Investments | 1.43M | 8.70M | 20.34M | 14.98M | 33.25M |
| Total Debt | 25.57M | 26.95M | 23.80M | 25.91M | 41.02M |
| Total Liabilities | 46.51M | 49.95M | 45.10M | 48.23M | 93.19M |
| Stockholders Equity | 108.37M | 118.86M | 126.88M | 128.10M | 132.62M |
Cash Flow | |||||
| Free Cash Flow | -2.81M | -3.24M | 18.20M | 41.92M | -258.00K |
| Operating Cash Flow | -914.00K | -1.43M | 23.73M | 43.38M | 11.87M |
| Investing Cash Flow | -1.89M | -1.39M | -4.77M | -1.32M | 57.11M |
| Financing Cash Flow | -3.90M | -10.15M | -13.32M | -60.25M | -36.99M |
Tree Island Steel Technical Analysis
Negative
3.09
Price Trends
2.64
Negative
2.72
Negative
2.65
Negative
Market Momentum
-0.03
Positive
46.97
Neutral
39.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TSL, the sentiment is Negative. The current price of 3.09 is above the 20-day moving average (MA) of 2.60, above the 50-day MA of 2.64, and above the 200-day MA of 2.65, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 46.97 is Neutral, neither overbought nor oversold. The STOCH value of 39.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:TSL.
Tree Island Steel Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | C$1.90B | 19.01 | 15.70% | 6.37% | -10.99% | -43.30% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | C$94.68M | 17.52 | -5.33% | ― | ― | 16.24% | |
48 Neutral | C$605.47M | -0.62 | -95.10% | 4.87% | ― | ― | |
47 Neutral | C$66.81M | -14.38 | -4.54% | 2.63% | -16.85% | -117.65% | |
47 Neutral | C$109.18M | -1.53 | -12.25% | ― | 13.25% | 31.69% |
* Basic Materials Sector Average
TSE:TSL
Tree Island Steel
2.58
0.10
4.03%
TSE:FEO
Oceanic Iron Ore
0.85
0.69
431.25%
TSE:LIF
Labrador Iron Ore
29.67
4.01
15.62%
TSE:S
Sherritt International
0.22
0.09
69.23%
TSE:NKL
Nickel 28 Capital Corp
1.09
0.49
81.67%
TSE:ASTL
Algoma Steel Group
5.77
-0.97
-14.33%
Tree Island Steel Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
Tree Island Steel Hit by Tariffs as 2025 Revenue Falls and Dividend Suspended
Negative
Mar 13, 2026
Tree Island Steel reported a sharp revenue decline for 2025, with full-year sales falling to $161.8 million from $207.0 million and adjusted EBITDA slipping to $3.0 million from $4.3 million, leading to a net loss of $5.3 million. The downturn was...
Financial Disclosures
Tree Island Steel Sets March 12, 2026 Date for Q4 and Full-Year 2025 Results
Neutral
Feb 19, 2026
Tree Island Steel Ltd. announced it will release its fourth quarter and full year 2025 financial results for the period ended Dec. 31, 2025, after market close on March 12, 2026. The timing signals an upcoming update on the company’s operati...
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.