How does TPC's PS Ratio compare to its peers?

TPC is good value based on its Price-To-Sales Ratio (1x) compared to the peer average (5x).

How does TPC's PS Ratio compare vs other companies in the CA Oil and Gas Industry?

TPC is good value based on its Price-To-Sales Ratio (1x) compared to the Canadian Oil and Gas industry average (2x).

What is TPC'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.

Insufficient data to calculate TPC's Price-To-Sales Fair Ratio for valuation analysis.

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

TPC (CA$0.08) is trading below our estimate of [[fair value]] (CA$0.36)

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

Insufficient data to show price forecast.

Tenth Avenue Petroleum (TSXV:TPC) - Stock Price, News & Analysis

TPC Stock Overview

Engages in the exploration, development, and production of crude oil and natural gas properties in Western Canada. More details

TPC fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Rewards

Trading at 77.7% below our estimate of its fair value

Risk Analysis

Does not have a meaningful market cap (CA$3M)

Earnings have declined by 45.5% per year over past 5 years

Does not have meaningful revenue (CA$3M)

Tenth Avenue Petroleum Corp. Competitors

Trans Canada Gold

TSXV:TTG

CA$2.8m

WesCan Energy

TSXV:WCE

CA$4.7m

EF EnergyFunders Ventures

TSXV:EFV

CA$2.7m

Altai Resources

TSXV:ATI

CA$4.0m

Price History & Performance

Summary of all time highs, changes and price drops for Tenth Avenue Petroleum
Historical stock prices
Current Share Price	CA$0.08
52 Week High	CA$0.16
52 Week Low	CA$0.07
Beta	0.87
11 Month Change	-20.00%
3 Month Change	-20.00%
1 Year Change	-30.43%
33 Year Change	-50.00%
5 Year Change	220.00%
Change since IPO	-99.20%

Recent updates

Shareholder Returns

	TPC	CA Oil and Gas	CA Market
7D	-15.8%	3.0%	0.4%
1Y	-30.4%	16.5%	21.4%

Return vs Industry: TPC underperformed the Canadian Oil and Gas industry which returned 16.5% over the past year.

Return vs Market: TPC underperformed the Canadian Market which returned 21.4% over the past year.

Price Volatility

Is TPC's price volatile compared to industry and market?
TPC volatility
TPC Average Weekly Movement	n/a
Oil and Gas Industry Average Movement	6.7%
Market Average Movement	8.3%
10% most volatile stocks in CA Market	17.7%
10% least volatile stocks in CA Market	2.9%

Stable Share Price: Data is not available.

Volatility Over Time: Insufficient data to determine TPC's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2011	n/a	Cameron MacDonald	tenthavenuepetroleum.com

Tenth Avenue Petroleum Corp. engages in the exploration, development, and production of crude oil and natural gas properties in Western Canada. The company was formerly known as Jadela Oil Corp. and changed its name to Tenth Avenue Petroleum Corp. in May 2015. Tenth Avenue Petroleum Corp. was incorporated in 2011 and is headquartered in Calgary, Canada.

Tenth Avenue Petroleum Corp. Fundamentals Summary

How do Tenth Avenue Petroleum's earnings and revenue compare to its market cap?
TPC fundamental statistics
Market cap	CA$3.20m
Earnings (TTM)	-CA$1.13m
Revenue (TTM)	CA$3.23m

1.0x

P/S Ratio

-2.8x

P/E Ratio

Is TPC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TPC income statement (TTM)
Revenue	CA$3.23m
Cost of Revenue	CA$2.50m
Gross Profit	CA$726.41k
Other Expenses	CA$1.85m
Earnings	-CA$1.13m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.028
Gross Margin	22.51%
Net Profit Margin	-34.88%
Debt/Equity Ratio	0%

How did TPC perform over the long term?

See historical performance and comparison

TPC Stock Overview

Rewards

Risk Analysis

Tenth Avenue Petroleum Corp. Competitors

TSXV:TTG

CA$2.8m

TSXV:WCE

CA$4.7m

TSXV:EFV

CA$2.7m

TSXV:ATI

CA$4.0m

Price History & Performance

Recent News & Updates

Tenth Avenue Petroleum Corp. (TSXV:TPC) y has signed a non-binding Letter of Intent to acquire 82 boe/d (492 mcf/d) of low decline, long-life producing natural gas assets located north in Alberta for CAD 0.05 million.

Tenth Avenue Petroleum Corp. announced that it expects to receive CAD 1.7 million in funding

Tenth Avenue Petroleum Corp., Annual General Meeting, Nov 27, 2024

Second quarter 2024 earnings released: CA$0.01 loss per share (vs CA$0.012 loss in 2Q 2023)

Tenth Avenue Petroleum Announces Murray Lake Operational Update & Increases Injection Capacity with New Horizontal Well

First quarter 2024 earnings released: CA$0.01 loss per share (vs CA$0.007 loss in 1Q 2023)

Recent updates

Tenth Avenue Petroleum Corp. (TSXV:TPC) y has signed a non-binding Letter of Intent to acquire 82 boe/d (492 mcf/d) of low decline, long-life producing natural gas assets located north in Alberta for CAD 0.05 million.

Tenth Avenue Petroleum Corp. announced that it expects to receive CAD 1.7 million in funding

Tenth Avenue Petroleum Corp., Annual General Meeting, Nov 27, 2024

Second quarter 2024 earnings released: CA$0.01 loss per share (vs CA$0.012 loss in 2Q 2023)

Tenth Avenue Petroleum Announces Murray Lake Operational Update & Increases Injection Capacity with New Horizontal Well

First quarter 2024 earnings released: CA$0.01 loss per share (vs CA$0.007 loss in 1Q 2023)

Full year 2023 earnings released: CA$0.04 loss per share (vs CA$0.067 loss in FY 2022)

Third quarter 2023 earnings released: CA$0.003 loss per share (vs CA$0.007 loss in 3Q 2022)

Second quarter 2023 earnings released: CA$0.01 loss per share (vs CA$0.005 profit in 2Q 2022)

Tenth Avenue Petroleum Corp., Annual General Meeting, Sep 12, 2023

Tenth Avenue Petroleum Corp. Announces Chief Financial Officer Changes

High number of new and inexperienced directors

Tenth Avenue Petroleum Corp. (TSXV:TPC) agreed to acquire light oil, high netback asset in Southern Alberta from Danzig Resources Ltd. for CAD 0.76 million.

Tenth Avenue Petroleum Corp. Announces Project Update Including Successful Completion of Facility Upgrades and Cost Reductions

Full year 2021 earnings released: EPS: CA$0.03 (vs CA$0.014 loss in FY 2020)

High number of new and inexperienced directors

Tenth Avenue Petroleum Corp. acquired Crude Oil Assets in Murray Lake and Hays of Avalon Energy Ltd. for CAD 2.5 million.

Tenth Avenue Petroleum Corp. acquired Crude Oil Assets in Murray Lake and Hays of Avalon Energy Ltd. for CAD 2.5 million.

Tenth Avenue Petroleum Corp. announced that it has received CAD 3.13875 million in funding

Tenth Avenue Petroleum Corp. announced that it expects to receive CAD 3 million in funding

Tenth Avenue Petroleum Corp. (TSXV:TPC) entered into an agreement to acquire Crude Oil Assets in Murray Lake and Hays of Avalon Energy Ltd. for CAD 2.5 million.

Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations

No independent directors

Second quarter 2021 earnings released: CA$0.003 loss per share (vs CA$0.003 loss in 2Q 2020)

Full year 2020 earnings released: CA$0.01 loss per share (vs CA$0.05 loss in FY 2019)

Tenth Avenue Petroleum Corp. announced that it expects to receive CAD 0.5 million in funding

Tenth Avenue Petroleum Corp., Annual General Meeting, Apr 30, 2021

Third quarter 2020 earnings released: CA$0.008 loss per share

First half earnings released