TWM Stock Overview
Tidewater Midstream and Infrastructure Ltd., through its subsidiaries, operates as a diversified midstream and infrastructure company in North America.
Tidewater Midstream and Infrastructure Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$1.28|
|52 Week High||CA$1.58|
|52 Week Low||CA$0.70|
|1 Month Change||-14.09%|
|3 Month Change||-1.54%|
|1 Year Change||77.78%|
|3 Year Change||-3.76%|
|5 Year Change||-24.26%|
|Change since IPO||-17.42%|
Recent News & Updates
|TWM||CA Oil and Gas||CA Market|
Return vs Industry: TWM exceeded the Canadian Oil and Gas industry which returned 53% over the past year.
Return vs Market: TWM exceeded the Canadian Market which returned 23.7% over the past year.
|TWM Average Weekly Movement||5.0%|
|Oil and Gas Industry Average Movement||9.9%|
|Market Average Movement||9.4%|
|10% most volatile stocks in CA Market||17.1%|
|10% least volatile stocks in CA Market||3.5%|
Stable Share Price: TWM is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: TWM's weekly volatility (5%) has been stable over the past year.
About the Company
Tidewater Midstream and Infrastructure Ltd., through its subsidiaries, operates as a diversified midstream and infrastructure company in North America. It primarily focuses on natural gas, natural gas liquids (NGLs), and crude oil operations and processing plants located in the Deep Basin, Edmonton, and Montney regions of Alberta and British Columbia. The company engages in gathering, processing, and transportation; crude oil refining and refined products marketing; NGL extraction and marketing; and crude oil marketing and transportation.
Tidewater Midstream and Infrastructure Fundamentals Summary
|TWM fundamental statistics|
Is TWM overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TWM income statement (TTM)|
|Cost of Revenue||CA$1.27b|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.24|
|Net Profit Margin||5.67%|
How did TWM perform over the long term?See historical performance and comparison
3.1%Current Dividend Yield
Is Tidewater Midstream and Infrastructure undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TWM (CA$1.28) is trading below our estimate of fair value (CA$5.24)
Significantly Below Fair Value: TWM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TWM is good value based on its PE Ratio (5.3x) compared to the Canadian Oil and Gas industry average (7.6x).
PE vs Market: TWM is good value based on its PE Ratio (5.3x) compared to the Canadian market (12.5x).
Price to Earnings Growth Ratio
PEG Ratio: TWM's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: TWM is good value based on its PB Ratio (0.7x) compared to the CA Oil and Gas industry average (1.9x).
How is Tidewater Midstream and Infrastructure forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TWM's earnings are forecast to decline over the next 3 years (-19.2% per year).
Earnings vs Market: TWM's earnings are forecast to decline over the next 3 years (-19.2% per year).
High Growth Earnings: TWM's earnings are forecast to decline over the next 3 years.
Revenue vs Market: TWM's revenue is expected to decline over the next 3 years (-6.6% per year).
High Growth Revenue: TWM's revenue is forecast to decline over the next 3 years (-6.6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TWM's Return on Equity is forecast to be low in 3 years time (8.2%).
How has Tidewater Midstream and Infrastructure performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TWM has a large one-off gain of CA$21.7M impacting its September 30 2021 financial results.
Growing Profit Margin: TWM became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: TWM's earnings have declined by 2.1% per year over the past 5 years.
Accelerating Growth: TWM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: TWM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (132.3%).
Return on Equity
High ROE: TWM's Return on Equity (12.7%) is considered low.
How is Tidewater Midstream and Infrastructure's financial position?
Financial Position Analysis
Short Term Liabilities: TWM's short term assets (CA$393.2M) exceed its short term liabilities (CA$391.0M).
Long Term Liabilities: TWM's short term assets (CA$393.2M) do not cover its long term liabilities (CA$885.8M).
Debt to Equity History and Analysis
Debt Level: TWM's net debt to equity ratio (97.7%) is considered high.
Reducing Debt: TWM's debt to equity ratio has increased from 0.1% to 101.7% over the past 5 years.
Debt Coverage: TWM's debt is well covered by operating cash flow (22.5%).
Interest Coverage: TWM's interest payments on its debt are not well covered by EBIT (2.1x coverage).
What is Tidewater Midstream and Infrastructure current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TWM's dividend (3.12%) is higher than the bottom 25% of dividend payers in the Canadian market (1.57%).
High Dividend: TWM's dividend (3.12%) is low compared to the top 25% of dividend payers in the Canadian market (4.6%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, TWM has been paying a dividend for less than 10 years.
Growing Dividend: TWM has only been paying a dividend for 6 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (16.9%), TWM's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TWM's dividends in 3 years are forecast to be well covered by earnings (22.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Joel MacLeod (42 yo)
Mr. Joel A. MacLeod has been the Chief Executive Officer and President of Tidewater Midstream and Infrastructure Ltd. since April 20, 2015 and its Chairman of the Board since February 4, 2015. Mr. MacLeod...
CEO Compensation Analysis
Compensation vs Market: Joel's total compensation ($USD517.94K) is below average for companies of similar size in the Canadian market ($USD817.03K).
Compensation vs Earnings: Joel's compensation has been consistent with company performance over the past year.
Experienced Management: TWM's management team is considered experienced (2 years average tenure).
Experienced Board: TWM's board of directors are considered experienced (4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Tidewater Midstream and Infrastructure Ltd.'s employee growth, exchange listings and data sources
- Name: Tidewater Midstream and Infrastructure Ltd.
- Ticker: TWM
- Exchange: TSX
- Founded: 2015
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: CA$436.155m
- Shares outstanding: 340.75m
- Website: https://www.tidewatermidstream.com
Number of Employees
- Tidewater Midstream and Infrastructure Ltd.
- 222 – 3rd Avenue S.W.
- Suite 900
- T2P 0B4
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/11/30 00:29|
|End of Day Share Price||2021/11/29 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.