TWC Enterprises Ltd. (TSE:TWC)
TSX:TWC
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TWC Enterprises
(TSX:TWC)
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Rating:76Outperform
Price Target:
C$28.00
▲(15.61% Upside)
Action:Upgraded
Date:05/03/26
The score is driven mainly by strong financial stability (very low leverage) and healthy profitability/cash generation, supported by a modest valuation (P/E 10.65). Technicals are constructive with the price above major moving averages and positive MACD, but limited recent revenue momentum and some historical variability in margins/cash conversion keep the score from being higher.
Positive Factors
Very low leverage
A near-zero debt-to-equity ratio gives the company durable financial flexibility: it can absorb seasonality, fund maintenance capex, and sustain distributions without relying on markets. Low leverage also reduces refinancing risk and supports strategic optionality over months.
Negative Factors
Limited top-line momentum
Weak or declining revenue constrains long-term earnings growth even with strong margins. Over a multi-month horizon, lack of top-line momentum limits the ability to expand margins meaningfully, fund new initiatives from operating growth, or demonstrate sustainable demand improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
A near-zero debt-to-equity ratio gives the company durable financial flexibility: it can absorb seasonality, fund maintenance capex, and sustain distributions without relying on markets. Low leverage also reduces refinancing risk and supports strategic optionality over months.
Read all positive factors
TWC Enterprises (TWC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$608.64M
Dividend Yield1.5%
Average Volume (3M)1.06K
Price to Earnings (P/E)22.5
Beta (1Y)0.29
Revenue Growth2.68%
EPS Growth49.77%
CountryCA
Employees500
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)2.50
Shares Outstanding24,152,422
10 Day Avg. Volume1,061
30 Day Avg. Volume1,058
Financial Highlights & Ratios
PEG Ratio0.29
Price to Book (P/B)0.98
Price to Sales (P/S)2.60
P/FCF Ratio16.54
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
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 Enterprise...
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 ...
TWC Enterprises Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
86
Very Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 222.69M | 227.53M | 246.10M | 230.47M | 190.81M | 178.42M |
| Gross Profit | 141.82M | 85.70M | 158.70M | 150.68M | 155.73M | 135.54M |
| EBITDA | 46.70M | 40.85M | 69.00M | 47.87M | 53.32M | 136.57M |
| Net Income | 62.65M | 55.63M | 40.84M | 22.04M | 18.67M | 89.94M |
Balance Sheet | ||||||
| Total Assets | 764.48M | 722.54M | 707.02M | 702.08M | 727.34M | 746.81M |
| Cash, Cash Equivalents and Short-Term Investments | 190.40M | 162.99M | 158.82M | 157.18M | 44.15M | 204.49M |
| Total Debt | 16.42M | 32.84M | 28.66M | 64.71M | 86.60M | 119.59M |
| Total Liabilities | 146.23M | 109.59M | 131.59M | 164.49M | 203.29M | 243.42M |
| Stockholders Equity | 612.62M | 607.38M | 567.97M | 529.88M | 515.46M | 494.70M |
Cash Flow | ||||||
| Free Cash Flow | 44.89M | 35.81M | 62.61M | 23.01M | -1.07M | 56.90M |
| Operating Cash Flow | 60.44M | 55.07M | 79.77M | 37.98M | 12.03M | 67.73M |
| Investing Cash Flow | -27.19M | -72.67M | -16.93M | -9.36M | -22.14M | 629.00K |
| Financing Cash Flow | -21.71M | 9.79M | -64.95M | -18.36M | -40.94M | -33.90M |
TWC Enterprises Technical Analysis
Positive
24.22
Price Trends
23.72
Positive
23.53
Positive
23.32
Positive
Market Momentum
0.39
Positive
61.71
Neutral
97.87
Negative
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 below the 20-day moving average (MA) of 24.80, above the 50-day MA of 23.72, and above the 200-day MA of 23.32, indicating a bullish trend. The MACD of 0.39 indicates Positive momentum. The RSI at 61.71 is Neutral, neither overbought nor oversold. The STOCH value of 97.87 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:TWC.
TWC Enterprises Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | C$608.64M | 22.54 | 10.48% | 1.50% | 2.68% | 49.77% | |
69 Neutral | C$863.63M | 6.40 | 18.59% | 3.51% | 0.63% | 2106.19% | |
64 Neutral | C$429.66M | 17.18 | 10.21% | 5.98% | 1.17% | -1.36% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
| ― | C$47.91B | 18.97 | 27.14% | 3.58% | 8.57% | -4.22% | |
55 Neutral | C$864.97M | 23.45 | 25.77% | 5.07% | -0.78% | 313.58% | |
46 Neutral | C$23.88M | -0.93 | 32.72% | ― | -23.24% | -51.96% |
* Consumer Cyclical Sector Average
TSE:TWC
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TWC Enterprises Corporate Events
Business Operations and StrategyFinancial Disclosures
TWC Enterprises Profit Jumps as Golf Operations Offset Real Estate Slowdown
Positive
Mar 6, 2026
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 est...
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.