Tree Island Steel Ltd
TSX:TSL

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Tree Island Steel Ltd
TSX:TSL
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Price: 3.06 CAD
Market Cap: 79.6m CAD
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Relative Value

The Relative Value of one TSL stock under the Base Case scenario is 3.72 CAD. Compared to the current market price of 3.06 CAD, Tree Island Steel Ltd is Undervalued by 18%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

TSL Relative Value
Base Case
3.72 CAD
Undervaluation 18%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

0.4
P/S
P/S
Price to Sales
0.4
vs History
25
vs Industry
80
Median 3Y
0.3
Median 5Y
0.3
Industry
1.7
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
7
Median 3Y
3.2
Median 5Y
3.2
Industry
15.4
More Details
Negative
P/OCF
P/OCF
Price to OCF
N/A
vs History
vs Industry
21
Median 3Y
3.9
Median 5Y
2.1
Industry
9.1
More Details
Negative
P/FCFE
P/FCFE
Price to FCFE
N/A
vs History
vs Industry
12
Median 3Y
1.7
Median 5Y
4.1
Industry
15
More Details
0.7
P/B
P/B
Price to Book Value
0.7
vs History
87
vs Industry
67
Median 3Y
0.7
Median 5Y
0.8
Industry
1.4
More Details
0.5
EV/S
EV/S
Enterprise Value to Sales
0.5
vs History
46
vs Industry
82
Median 3Y
0.4
Median 5Y
0.4
Industry
2.1
More Details
6.4
EV/GP
EV/GP
Enterprise Value to Gross Profit
6.4
vs History
9
vs Industry
57
Median 3Y
2.1
Median 5Y
3.6
Industry
7.2
More Details
14.4
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
14.4
vs History
9
vs Industry
23
Median 3Y
2.7
Median 5Y
4.5
Industry
9.9
More Details
72.8
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
72.8
vs History
0
vs Industry
20
Median 3Y
3.2
Median 5Y
5.8
Industry
12.6
More Details
Negative
EV/OCF
EV/OCF
Enterprise Value to OCF
N/A
vs History
vs Industry
23
Median 3Y
4.1
Median 5Y
4.6
Industry
10.3
More Details
Negative
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
N/A
vs History
vs Industry
15
Median 3Y
1.6
Median 5Y
4.1
Industry
13
More Details
0.7
EV/IC
EV/IC
Enterprise Value to IC
0.7
vs History
85
vs Industry
64
Median 3Y
0.7
Median 5Y
0.7
Industry
1.3
More Details

Multiples Across Competitors

TSL Competitors Multiples
Tree Island Steel Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Tree Island Steel Ltd
TSX:TSL
79.7m CAD 0.4 -31.8 14.4 72.8
ZA
Kumba Iron Ore Ltd
JSE:KIO
105.8B Zac 0 0 0 0
BR
Vale SA
BOVESPA:VALE3
233.1B BRL 1.1 4.9 3.3 4
AU
Fortescue Metals Group Ltd
ASX:FMG
56.6B AUD 1.9 6.2 4.2 4.2
AU
Fortescue Ltd
XMUN:FVJ
33.8B EUR 1.9 6.2 4.2 4.2
US
Nucor Corp
NYSE:NUE
27.3B USD 0.7 8.2 4.6 5.8
IN
JSW Steel Ltd
NSE:JSWSTEEL
2.2T INR 1.3 44.6 11.8 18.2
CN
Baoshan Iron & Steel Co Ltd
SSE:600019
154.6B CNY 0.5 16.6 15.9 15.9
IN
Tata Steel Ltd
NSE:TATASTEEL
1.8T INR 0.8 -42.5 9.4 16.1
JP
Nippon Steel Corp
TSE:5401
3.2T JPY 0.4 6.5 5.4 9
LU
ArcelorMittal SA
AEX:MT
18.2B EUR 0.3 -15.3 3.7 6.6
P/E Multiple
Earnings Growth P/E to Growth
CA
Tree Island Steel Ltd
TSX:TSL
Average P/E: 13.3
Negative Multiple: -31.8 		N/A N/A
ZA
K
Kumba Iron Ore Ltd
JSE:KIO
Not Available
-35%
N/A
BR
Vale SA
BOVESPA:VALE3
4.9
44%
0.1
AU
Fortescue Metals Group Ltd
ASX:FMG
6.2
-53%
N/A
AU
F
Fortescue Ltd
XMUN:FVJ
6.2
-53%
N/A
US
Nucor Corp
NYSE:NUE
8.2
-37%
N/A
IN
JSW Steel Ltd
NSE:JSWSTEEL
44.6
115%
0.4
CN
Baoshan Iron & Steel Co Ltd
SSE:600019
16.6
17%
1
IN
Tata Steel Ltd
NSE:TATASTEEL
Negative Multiple: -42.5 N/A N/A
JP
Nippon Steel Corp
TSE:5401
6.5
19%
0.3
LU
ArcelorMittal SA
AEX:MT
Negative Multiple: -15.3
371%
N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Tree Island Steel Ltd
TSX:TSL
Average EV/EBITDA: 7.7
14.4
N/A N/A
ZA
K
Kumba Iron Ore Ltd
JSE:KIO
Not Available
-20%
N/A
BR
Vale SA
BOVESPA:VALE3
3.3
17%
0.2
AU
Fortescue Metals Group Ltd
ASX:FMG
4.2
-24%
N/A
AU
F
Fortescue Ltd
XMUN:FVJ
4.2
-24%
N/A
US
Nucor Corp
NYSE:NUE
4.6
-21%
N/A
IN
JSW Steel Ltd
NSE:JSWSTEEL
11.8
53%
0.2
CN
Baoshan Iron & Steel Co Ltd
SSE:600019
15.9
211%
0.1
IN
Tata Steel Ltd
NSE:TATASTEEL
9.4
93%
0.1
JP
Nippon Steel Corp
TSE:5401
5.4
30%
0.2
LU
ArcelorMittal SA
AEX:MT
3.7
11%
0.3
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Tree Island Steel Ltd
TSX:TSL
Average EV/EBIT: 15.7
72.8
N/A N/A
ZA
K
Kumba Iron Ore Ltd
JSE:KIO
Not Available
-40%
N/A
BR
Vale SA
BOVESPA:VALE3
4
-5%
N/A
AU
Fortescue Metals Group Ltd
ASX:FMG
4.2
-49%
N/A
AU
F
Fortescue Ltd
XMUN:FVJ
4.2
-49%
N/A
US
Nucor Corp
NYSE:NUE
5.8
-35%
N/A
IN
JSW Steel Ltd
NSE:JSWSTEEL
18.2
63%
0.3
CN
Baoshan Iron & Steel Co Ltd
SSE:600019
15.9
39%
0.4
IN
Tata Steel Ltd
NSE:TATASTEEL
16.1
155%
0.1
JP
Nippon Steel Corp
TSE:5401
9
N/A N/A
LU
ArcelorMittal SA
AEX:MT
6.6
4%
1.6

See Also

Summary
TSL intrinsic value, competitors valuation, and company profile.
DCF Valuation
TSL stock valuation using Discount Cash Flow valuation method.
Relative Valuation
TSL stock valuation using valuation multiples.
Wall Street Estimates
TSL price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
TSL stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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