Titanium Transportation (TTNM) AI Stock Analysis

• Market Cap: C$73.43M
• Dividend Yield: N/A
• Average Volume (3M): 27.42K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.64
• Revenue Growth: 0.46%
• EPS Growth: -1160.80%
• Country: CA
• Employees: 1,100
• Sector: Industrials
• Sector Strength: 72
• Industry: Integrated Freight & Logistics
• EPS (TTM): 0.01
• Shares Outstanding: 46,477,330
• 10 Day Avg. Volume: 26,704
• 30 Day Avg. Volume: 27,421
• PEG Ratio: 0.01
• Price to Book (P/B): 1.31
• Price to Sales (P/S): 0.23
• P/FCF Ratio: 7.67
• 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$2.63
• Price Target Upside: 66.46% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: C$1.50 ▼(-5.06% Downside)

The score is held back primarily by weak financial performance (sharp revenue contraction, net losses, and still-elevated leverage). Offsetting this are constructive cash generation and an improving operational picture from the earnings call, while technicals show a positive trend. Valuation remains challenged due to negative earnings and no stated dividend yield.

Positive Factors

Operational Efficiency

The strong EBITDA margin in the Truck Transportation segment indicates improved operational efficiency, which can enhance profitability and competitiveness in the long term.

Debt Reduction

Debt reduction enhances financial flexibility, allowing the company to invest in growth opportunities and reduce financial risk, supporting long-term stability.

Revenue Growth in Logistics

The growth in the Logistics segment, driven by organic volume increases, suggests strong demand and effective market penetration, supporting future revenue expansion.

Negative Factors

High Leverage

High leverage indicates financial risk, as it can limit the company's ability to invest in growth and make it vulnerable to interest rate increases, impacting long-term viability.

Negative Profitability

Negative profitability suggests operational inefficiencies and challenges in converting revenue into profit, which can hinder long-term financial health and growth potential.

Margin Compression

Margin compression due to external pressures can reduce earnings potential and limit the company's ability to reinvest in business growth, affecting long-term competitiveness.

Titanium Transportation Business Overview & Revenue Model

Company Description

Titanium Transportation Group Inc., together with its subsidiaries, provides asset-based transportation and logistics services in North America. It operates in two segments, Truck Transportation and Logistics. The Truck Transportation segment provides pickup and delivery of general merchandise by long-haul, dedicated, and local trucking services through various trailer types, including 53' dry vans, flatbeds, step-decks, heavy axle trailers, and other specialty equipment. The Logistics segment provides non-asset-based broker services, which include ancillary transportation services, such as third party logistics and freight forwarding services. This segment also provides truckload and less than truckload freight services on vans, flatbeds, and other specialty equipment; and intermodal services, international ocean and air shipping, and emergency and expedited services, as well as specialty services for hazardous and fragile products. The company also offers inventory warehousing and distribution services. It serves customers across various industries, including multinational corporations. The company was founded in 2002 and is headquartered in Bolton, Canada.

How the Company Makes Money

Titanium Transportation generates revenue primarily through its freight transportation services, which include full truckload and less-than-truckload shipments. The company earns money by charging clients for the transportation of goods, often based on distance, weight, and type of cargo. Additional revenue streams include logistics services, where TTNM offers supply chain management, warehousing, and distribution solutions. Strategic partnerships with various manufacturers and retailers also contribute to its earnings, allowing the company to secure long-term contracts and expand its customer base. Furthermore, the utilization of technology, such as route optimization and fleet management systems, enhances operational efficiency, ultimately supporting profit margins.

Titanium Transportation Financial Statement Overview

Summary

Financials are mixed: TTM revenue fell ~56.6% and the company remains loss-making (about -4.8% net margin), while leverage is still elevated (~1.85x debt-to-equity) despite improvement. Offsetting this, cash flow is a relative strength with positive TTM operating cash flow (~$30.4M) and free cash flow (~$27.2M), supporting liquidity and ongoing deleveraging.

Income Statement

TTM (Trailing-Twelve-Months) results show a sharp revenue contraction (down ~56.6%) and a net loss (about -4.8% net margin), following another loss in 2024. Profitability has clearly deteriorated versus 2022–2023 when the company was profitable with meaningfully stronger operating and EBITDA margins. Gross margin remains thin (mid-single digits), leaving limited cushion if pricing or volumes weaken, though EBITDA is still positive in TTM, suggesting some underlying operating capacity remains if demand stabilizes.

Balance Sheet

Leverage is elevated with debt running at ~1.85x equity in TTM (improving from ~2.16x in 2024, but still high), which reduces flexibility in a cyclical freight environment. Equity has declined versus 2023, and returns on equity are negative in TTM and 2024, reflecting losses and pressuring balance-sheet quality. The positive is that total debt has come down meaningfully since 2023, indicating some deleveraging progress.

Cash Flow

Cash generation is a relative bright spot: TTM operating cash flow (~$30.4M) and free cash flow (~$27.2M) are positive, and free cash flow improved substantially versus 2024. However, the company’s operating cash flow relative to debt remains modest (~0.26x in TTM), and cash flow strength is not perfectly aligned with earnings given net losses in TTM and 2024, which raises some quality-of-earnings questions. Still, compared with 2022–2023 when free cash flow was negative, the recent trajectory is constructive.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	470.09M	460.25M	413.69M	496.37M	399.44M	200.74M
Gross Profit	25.74M	20.68M	32.86M	45.50M	20.66M	15.35M
EBITDA	15.59M	21.77M	55.33M	66.00M	32.07M	25.04M
Net Income	-22.67M	-24.01M	10.23M	24.88M	5.04M	6.27M
Balance Sheet
Total Assets	286.18M	299.93M	356.00M	281.14M	233.67M	138.76M
Cash, Cash Equivalents and Short-Term Investments	20.74M	4.32M	9.33M	34.89M	18.05M	3.09M
Total Debt	148.26M	172.26M	207.21M	130.32M	104.83M	60.34M
Total Liabilities	206.18M	220.02M	251.45M	182.92M	159.95M	91.69M
Stockholders Equity	80.00M	79.91M	104.55M	98.22M	73.71M	47.07M
Cash Flow
Free Cash Flow	27.20M	13.59M	-41.41M	-27.06M	12.65M	15.78M
Operating Cash Flow	30.39M	25.70M	37.61M	43.47M	13.30M	15.84M
Investing Cash Flow	7.30M	11.46M	-108.29M	-46.14M	-28.59M	4.78M
Financing Cash Flow	-22.96M	-43.65M	45.13M	19.52M	30.24M	-17.98M

Titanium Transportation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.58
• 50DMA: Positive
• 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:TTNM, the sentiment is Positive. The current price of 1.58 is above the 20-day moving average (MA) of 1.58, above the 50-day MA of 1.44, and above the 200-day MA of 1.43, indicating a bullish trend. The MACD of 0.05 indicates Positive momentum. The RSI at 54.40 is Neutral, neither overbought nor oversold. The STOCH value of 24.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:TTNM.

Titanium Transportation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CNR	77 Outperform	C$83.45B	18.41	22.24%	2.62%	0.23%	-13.22%
MTL	74 Outperform	C$1.58B	15.17	9.33%	5.21%	5.53%	-21.87%
ALC	72 Outperform	C$786.61M	7.82	11.43%	4.27%	8.54%	33.89%
TFII	67 Neutral	C$12.74B	28.77	11.98%	1.75%	-0.25%	-28.71%
CJT	67 Neutral	C$1.37B	11.42	16.75%	1.67%	7.71%	3170.43%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
TTNM	56 Neutral	C$73.43M	-4.36	-23.32%	―	0.46%	-1160.80%

Titanium Transportation Corporate Events

Titanium Tightens Disclosure After OSC Review, Plans New Investor Presentation for 2026

Titanium Transportation Group has updated its corporate disclosure practices following a review by the Ontario Securities Commission, removing its Q1 2025 corporate presentation and committing to clearer, more balanced treatment of forward-looking information and revenue forecasts in future materials. The company has also eliminated certain long-dated forward-looking statements on fleet maintenance savings from its MD&A, plans to release a revised corporate presentation in early 2026, and will appear on the OSC’s public Refiling and Errors list for three years, underscoring heightened regulatory scrutiny but also signaling a move toward more transparent, regulator-aligned disclosure for investors and other stakeholders.

The most recent analyst rating on (TSE:TTNM) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Titanium Transportation stock, see the TSE:TTNM Stock Forecast page.

Titanium Transportation Achieves Positive Q3 Results with Strong Logistics Growth and Debt Reduction

Titanium Transportation Group Inc. reported positive financial results for the third quarter of 2025, showcasing a 3.3% growth in logistics revenue and a significant reduction in debt by $8.9 million. The company achieved positive operating income for the second consecutive quarter, bolstered by strategic pricing and asset management, which enhanced its cash position to $20.7 million. Despite a slight decline in consolidated revenue compared to the previous year, Titanium’s focus on margin protection and operational discipline positions it well for navigating market challenges and capitalizing on future opportunities.

The most recent analyst rating on (TSE:TTNM) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Titanium Transportation stock, see the TSE:TTNM Stock Forecast page.

Titanium Transportation to Release Q3 2025 Financial Results and Host Conference Call

Titanium Transportation Group Inc. announced it will release its financial results for the third quarter of 2025 on November 10, 2025, after market close. The company will hold a conference call on November 11, 2025, at 8:00 a.m. Eastern Time for analysts and investors to discuss these results, with business media also invited to listen. This announcement is significant as it provides stakeholders with insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and investor relations.

The most recent analyst rating on (TSE:TTNM) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Titanium Transportation stock, see the TSE:TTNM Stock Forecast page.