Pinetree Capital Ltd.

TSX:PNP Stock Report

Market Cap: CA$98.1m

Pinetree Capital Valuation

Is PNP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PNP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PNP (CA$11.09) is trading above our estimate of fair value (CA$8.43)

Significantly Below Fair Value: PNP is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PNP?

Key metric: As PNP is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PNP. This is calculated by dividing PNP's market cap by their current earnings.
What is PNP's PE Ratio?
PE Ratio5.5x
EarningsCA$18.94m
Market CapCA$98.09m

Price to Earnings Ratio vs Peers

How does PNP's PE Ratio compare to its peers?

The above table shows the PE ratio for PNP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.1x
LPC Lorne Park Capital Partners
42.9xn/aCA$68.9m
OLY Olympia Financial Group
9.9x-11.1%CA$242.8m
WED Westaim
11.3xn/aCA$646.0m
WCM.A Wilmington Capital Management
36.3xn/aCA$39.2m
PNP Pinetree Capital
5.5xn/aCA$98.1m

Price-To-Earnings vs Peers: PNP is good value based on its Price-To-Earnings Ratio (5.5x) compared to the peer average (25.1x).

Price to Earnings Ratio vs Industry

How does PNP's PE Ratio compare vs other companies in the CA Capital Markets Industry?

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
INXD INX Digital Company
0.2xn/aUS$10.95m
MAR.UN Marwest Apartment Real Estate Investment Trust
0.8xn/aUS$10.84m
CSOC.A Canso Select Opportunities
1.7xn/aUS$9.53m
IDK ThreeD Capital
2.5xn/aUS$7.67m
PNP 5.5xIndustry Avg. 11.4xNo. of Companies8PE01224364860+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PNP is good value based on its Price-To-Earnings Ratio (5.5x) compared to the Canadian Capital Markets industry average (11.4x).

Price to Earnings Ratio vs Fair Ratio

What is PNP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PNP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PNP's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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