Tidewater Midstream and Infrastructure Valuation
Is TWM undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of TWM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate TWM's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate TWM's fair value for valuation analysis.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for TWM?
Key metric: As TWM is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is TWM's PS Ratio? | |
|---|---|
| PS Ratio | 0.03x |
| Sales | CA$1.78b |
| Market Cap | CA$58.08m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.4x |
| Enterprise Value/EBITDA | 9.1x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does TWM's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 1.7x | ||
ZEFI Zefiro Methane | 1.1x | n/a | CA$51.9m |
SRR Source Rock Royalties | 5.3x | n/a | CA$39.4m |
LCFS Tidewater Renewables | 0.09x | -38.3% | CA$35.2m |
PEA Pieridae Energy | 0.3x | n/a | CA$65.3m |
TWM Tidewater Midstream and Infrastructure | 0.03x | 8.5% | CA$58.1m |
Price-To-Sales vs Peers: TWM is good value based on its Price-To-Sales Ratio (0x) compared to the peer average (1.7x).
Price to Sales Ratio vs Industry
How does TWM's PS Ratio compare vs other companies in the CA Oil and Gas Industry?
| 19 Companies | Price / Sales | Estimated Growth | Market Cap |
|---|---|---|---|
| Industry Avg. | 1.9x | 1.7% | |
TWM Tidewater Midstream and Infrastructure | 0.03x | 8.5% | US$41.22m |
PKI Parkland | 0.2x | 2.2% | US$4.15b |
SES Secure Energy Services | 0.4x | -56.0% | US$2.80b |
| 19 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
| Industry Avg. | 1.9x | 4.7% | |
TWM Tidewater Midstream and Infrastructure | 0.03x | 110.6% | US$41.22m |
Price-To-Sales vs Industry: TWM is good value based on its Price-To-Sales Ratio (0x) compared to the Canadian Oil and Gas industry average (1.9x).
Price to Sales Ratio vs Fair Ratio
What is TWM's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 0.03x |
| Fair PS Ratio | 0.3x |
Price-To-Sales vs Fair Ratio: TWM is good value based on its Price-To-Sales Ratio (0x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | CA$0.14 | CA$0.32 +134.6% | 38.3% | CA$0.50 | CA$0.10 | n/a | 6 |
| Nov ’25 | CA$0.29 | CA$0.47 +60.9% | 21.1% | CA$0.60 | CA$0.30 | n/a | 6 |
| Oct ’25 | CA$0.28 | CA$0.52 +84.5% | 28.9% | CA$0.80 | CA$0.30 | n/a | 6 |
| Sep ’25 | CA$0.33 | CA$0.52 +56.6% | 28.9% | CA$0.80 | CA$0.30 | n/a | 6 |
| Aug ’25 | CA$0.57 | CA$0.93 +63.7% | 13.0% | CA$1.10 | CA$0.80 | n/a | 6 |
| Jul ’25 | CA$0.61 | CA$0.93 +53.0% | 13.0% | CA$1.10 | CA$0.80 | n/a | 6 |
| Jun ’25 | CA$0.62 | CA$0.95 +53.2% | 12.2% | CA$1.10 | CA$0.80 | n/a | 6 |
| May ’25 | CA$0.70 | CA$1.09 +55.1% | 11.2% | CA$1.25 | CA$0.90 | n/a | 7 |
| Apr ’25 | CA$0.81 | CA$1.17 +44.6% | 14.0% | CA$1.50 | CA$1.00 | n/a | 7 |
| Mar ’25 | CA$0.83 | CA$1.39 +67.8% | 10.6% | CA$1.50 | CA$1.10 | n/a | 7 |
| Feb ’25 | CA$0.91 | CA$1.39 +53.1% | 10.6% | CA$1.50 | CA$1.10 | n/a | 7 |
| Jan ’25 | CA$1.06 | CA$1.42 +33.6% | 8.3% | CA$1.50 | CA$1.25 | n/a | 6 |
| Dec ’24 | CA$1.02 | CA$1.40 +37.3% | 8.7% | CA$1.50 | CA$1.25 | n/a | 5 |
| Nov ’24 | CA$1.01 | CA$1.41 +39.4% | 8.0% | CA$1.50 | CA$1.25 | CA$0.29 | 6 |
| Oct ’24 | CA$1.03 | CA$1.40 +35.9% | 7.6% | CA$1.50 | CA$1.25 | CA$0.28 | 7 |
| Sep ’24 | CA$1.09 | CA$1.38 +26.1% | 8.7% | CA$1.50 | CA$1.20 | CA$0.33 | 8 |
| Aug ’24 | CA$1.07 | CA$1.31 +22.5% | 9.8% | CA$1.50 | CA$1.10 | CA$0.57 | 9 |
| Jul ’24 | CA$0.94 | CA$1.32 +40.8% | 10.0% | CA$1.50 | CA$1.10 | CA$0.61 | 9 |
| Jun ’24 | CA$0.86 | CA$1.32 +53.1% | 10.0% | CA$1.50 | CA$1.10 | CA$0.62 | 9 |
| May ’24 | CA$0.92 | CA$1.34 +46.1% | 10.4% | CA$1.50 | CA$1.10 | CA$0.70 | 9 |
| Apr ’24 | CA$0.90 | CA$1.41 +56.2% | 12.4% | CA$1.60 | CA$1.10 | CA$0.81 | 9 |
| Mar ’24 | CA$1.07 | CA$1.63 +52.1% | 6.5% | CA$1.80 | CA$1.50 | CA$0.83 | 9 |
| Feb ’24 | CA$1.07 | CA$1.62 +51.1% | 7.6% | CA$1.80 | CA$1.40 | CA$0.91 | 9 |
| Jan ’24 | CA$1.01 | CA$1.62 +60.6% | 8.0% | CA$1.80 | CA$1.40 | CA$1.06 | 9 |
| Dec ’23 | CA$1.12 | CA$1.62 +44.3% | 8.6% | CA$1.80 | CA$1.35 | CA$1.02 | 9 |
| Nov ’23 | CA$1.14 | CA$1.67 +46.7% | 10.2% | CA$1.90 | CA$1.35 | CA$1.01 | 9 |
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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