TWC Enterprises (TWC) AI Stock Analysis

• Market Cap: C$560.06M
• Dividend Yield: 1.5%
• Average Volume (3M): 1.06K
• Price to Earnings (P/E): 10.7
• Beta (1Y): 0.41
• Revenue Growth: -12.81%
• EPS Growth: -31.89%
• Country: CA
• Employees: 500
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Leisure
• EPS (TTM): 0.76
• Shares Outstanding: 24,151,064
• 10 Day Avg. Volume: 1,061
• 30 Day Avg. Volume: 1,058
• PEG Ratio: 0.29
• Price to Book (P/B): 0.98
• Price to Sales (P/S): 2.60
• P/FCF Ratio: 16.54
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: C$24.50 ▲(1.16% Upside)
• Action: Reiterated Date: 03/15/26
• Date: Action: Reiterated 03/15/26

The score is driven primarily by solid financial footing (notably low leverage and generally positive free cash flow) and a supportive valuation (low P/E). These positives are tempered by weaker technical signals (price below key moving averages with negative MACD) and uneven recent operating performance (2025 revenue decline and margin compression).

Positive Factors

Conservative Balance Sheet

Low leverage and a conservative balance sheet reduce refinancing and interest-rate risk, giving TWC flexibility to fund capital upkeep and renovations at golf properties. This resilience supports operations through seasonal swings and economic variability over the next several months.

Consistent Free Cash Flow

Sustained free cash flow provides durable internal funding for maintenance, modest dividends, and reinvestment in amenities. For a facilities-heavy business like golf courses, reliable cash generation enables steady capex and working-capital management across seasons.

Solid Net Margin

A high net margin indicates the company retains a meaningful portion of revenue after costs and taxes, suggesting pricing power or low financing costs. This earnings quality supports long-term cash generation and the ability to absorb periodic revenue dips.

Negative Factors

Revenue Volatility

Uneven revenue growth and a recent decline reduce predictability of cash flows and hinder planning for memberships, staffing, and capex. For a seasonal leisure operator, persistent revenue variability can pressure margins and make multi-period budgeting more difficult.

Operating Margin Compression

A marked drop in operating profitability suggests rising costs or adverse revenue mix, which directly reduces operational cash available for reinvestment or dividends. If sustained, margin compression will limit the company's ability to fund improvements or absorb slower demand.

Transparency Gaps in Latest Ratios

Missing or invalid 2025 ratio and coverage data reduce clarity on current leverage and liquidity. This transparency gap makes it harder for investors and lenders to assess short-term covenant risk and the true state of financial flexibility over the coming months.

TWC Enterprises Business Overview & Revenue Model

Company Description

TWC Enterprises Limited owns, operates, and manages golf clubs under the ClubLink One Membership More Golf brand in Canada and the United States. The company was formerly known as ClubLink Enterprises Limited and changed its name to TWC Enterprises Limited in May 2014. The company was incorporated in 1997 and is based in King City, Canada. TWC Enterprises Limited is a subsidiary of Paros Enterprises Limited.

How the Company Makes Money

TWC generates revenue primarily from operating its portfolio of golf facilities. Key revenue streams include: (1) Membership-related revenue: recurring fees paid by members (e.g., annual dues and other member charges, where applicable) for access and privileges at member-based clubs. (2) Green fees and golf play revenue: fees paid by non-members (and sometimes members) for rounds of golf, including daily-fee/public play, as well as related charges such as cart rentals and practice facility usage. (3) Food and beverage: sales from restaurants, bars, and catering at golf properties, including banquets and tournaments. (4) Merchandise and services: retail sales through pro shops (e.g., apparel and equipment) and service revenues such as golf lessons, club fitting, and other instruction programs, where offered. (5) Events and corporate outings: revenue from hosting tournaments, weddings, meetings, and other functions that bundle facility rental with catering and services. Earnings are influenced by factors such as seasonal demand and weather, local market conditions, utilization/occupancy of memberships, pricing for tee times and ancillary services, and the company’s ability to drive on-site spend per visitor across golf, food and beverage, and retail. null

TWC Enterprises Financial Statement Overview

Summary

Fundamentals are supported by a strong balance sheet (low leverage historically) and generally positive free cash flow. Offsetting this, revenue dipped in 2025 (-1.7%) and operating profitability weakened (EBITDA margin fell vs. 2024), indicating less consistent operating momentum. Some 2025 ratio/coverage fields are missing (shown as 0.0), reducing latest-period visibility.

Income Statement

Revenue has been volatile: strong growth in 2021–2023, modest growth in 2024, and a decline in 2025 (-1.7%). Profitability is mixed—2025 shows a strong net margin (~24%), but operating profitability weakened versus 2024 (EBITDA margin fell from ~28% to ~18%), suggesting higher costs or less favorable mix. Overall, earnings power looks decent but not consistently improving year to year.

Balance Sheet

Balance sheet appears conservatively positioned with modest debt relative to equity in recent years (debt-to-equity ~0.05 in 2024 and ~0.12–0.17 in 2022–2023, down meaningfully from 2020–2021 levels). Equity and assets are sizable and generally stable, which supports resilience. A key weakness is that 2025 ratio fields are shown as 0.0 (likely missing/invalid), limiting visibility into the latest leverage and shareholder return metrics.

Cash Flow

Cash generation is generally solid, with positive free cash flow in most years and particularly strong levels in 2024–2025 (despite a 2025 free cash flow decline of ~16% year over year). The main blemish is 2022, which showed slightly negative free cash flow, highlighting that cash conversion can fluctuate. Coverage-style metrics are unavailable/invalid in 2025 (shown as 0.0), which reduces transparency into the most recent cash quality.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	227.53M	246.10M	230.47M	190.81M	178.42M
Gross Profit	85.70M	158.70M	150.68M	155.73M	135.54M
EBITDA	40.85M	69.00M	47.87M	53.32M	136.57M
Net Income	55.63M	40.84M	22.04M	18.67M	89.94M
Balance Sheet
Total Assets	722.54M	707.02M	702.08M	727.34M	746.81M
Cash, Cash Equivalents and Short-Term Investments	162.99M	158.82M	157.18M	44.15M	204.49M
Total Debt	32.84M	28.66M	64.71M	86.60M	119.59M
Total Liabilities	109.59M	131.59M	164.49M	203.29M	243.42M
Stockholders Equity	607.38M	567.97M	529.88M	515.46M	494.70M
Cash Flow
Free Cash Flow	35.81M	62.61M	23.01M	-1.07M	56.90M
Operating Cash Flow	55.07M	79.77M	37.98M	12.03M	67.73M
Investing Cash Flow	-72.67M	-16.93M	-9.36M	-22.14M	629.00K
Financing Cash Flow	9.79M	-64.95M	-18.36M	-40.94M	-33.90M

TWC Enterprises Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 24.22
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TWC, the sentiment is Positive. The current price of 24.22 is above the 20-day moving average (MA) of 22.71, above the 50-day MA of 23.18, and above the 200-day MA of 22.83, indicating a bullish trend. The MACD of -0.08 indicates Negative momentum. The RSI at 54.13 is Neutral, neither overbought nor oversold. The STOCH value of 50.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:TWC.

TWC Enterprises Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
QSP.UN	73 Outperform	C$46.61B	50.42	25.66%	3.58%	19.92%	-18.34%
PZA	73 Outperform	C$532.99M	16.65	10.35%	5.98%	1.35%	-1.11%
MTY	72 Outperform	C$897.44M	7.28	3.64%	3.51%	1.38%	-64.10%
TWC	68 Neutral	C$560.06M	10.65	9.61%	1.50%	-12.81%	-31.89%
AW	62 Neutral	C$865.93M	16.42	27.32%	5.07%	-2.54%	-10.57%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
FOOD	49 Neutral	C$23.58M	-2.15	32.72%	―	-20.91%	-109.64%

TWC Enterprises Corporate Events

TWC Enterprises Profit Jumps as Golf Operations Offset Real Estate Slowdown

TWC Enterprises reported a sharp turnaround in 2025, with net earnings rising to $55.6 million from $40.6 million a year earlier and earnings per share climbing to $2.29 from $1.66, despite a 5.8% drop in operating revenue driven by lower real estate sales at its Highland Gate development. The company’s golf operations, particularly in Canada, were buoyed by strong demand and the acquisition of Deer Creek in Ontario, which helped lift net operating income and offset weaker real estate revenues, while lower real estate cost of sales and tighter expenses further strengthened profitability.

Canadian golf club net operating income climbed to $53.5 million from $44.3 million, reflecting Deer Creek’s contribution across golf, corporate events and food and beverage lines as well as healthier performance across existing courses. While interest and investment income declined due to cash deployed for the Deer Creek purchase, the business mix shifted toward recurring golf-related revenues and away from lumpy property sales, suggesting a more stable earnings base and reinforcing TWC’s position as a leading operator of championship golf facilities in North America.

The most recent analyst rating on (TSE:TWC) stock is a Buy with a C$27.00 price target. To see the full list of analyst forecasts on TWC Enterprises stock, see the TSE:TWC Stock Forecast page.