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Trisura Group Ltd.TSX:TSU Stock Report

Market Cap CA$1.9b
Share Price
CA$40.92
CA$57.47
28.8% undervalued intrinsic discount
1Y1.2%
7D-0.6%
1D
Portfolio Value
View

Trisura Group Ltd.

TSX:TSU Stock Report

Market Cap: CA$1.9b

Trisura Group (TSU) Stock Overview

A specialty insurance company, operates in the surety, warranty, corporate insurance, and program and fronting businesses in Canada and the United States. More details

TSU fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance5/6
Financial Health4/6
Dividends0/6

TSU Community Fair Values

Create Narrative

See what 34 others think this stock is worth. Follow their fair value or set your own to get alerts.

Trisura Group Ltd. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Trisura Group
Historical stock prices
Current Share PriceCA$40.92
52 Week HighCA$51.00
52 Week LowCA$36.02
Beta0.65
1 Month Change-8.21%
3 Month Change-12.30%
1 Year Change1.19%
3 Year Change14.53%
5 Year Change10.32%
Change since IPO698.05%

Recent News & Updates

Narrative Update May 17

TSU: U.S. Expansion And C$59 Consensus Support A Stronger Forward Outlook

Analysts made a modest adjustment to the CA$59 consensus price target on Trisura Group, reflecting mixed recent calls that include a CA$4 cut from CIBC, a CA$1 lift from RBC Capital, and earlier target increases from both RBC Capital and BMO Capital. These moves are tied to views on U.S. expansion and the U.S. Programs segment, which is now being described as operating from a position of strength.
Narrative Update Apr 28

TSU: U.S. Expansion And C$59 Outlook Will Support Future Upside

Analysts have slightly raised their average price target on Trisura Group to about CA$59, reflecting a modest increase in fair value estimates, along with commentary that earlier U.S. Programs setbacks are now behind the company and that U.S. expansion offers an additional growth channel. Analyst Commentary Recent Street research has been broadly constructive on Trisura Group, with several firms aligning around a CA$59 price target and positive views on execution, especially in the U.S. Programs segment.
Narrative Update Apr 13

TSU: U.S. Expansion Recovery And C$59 Outlook Will Support Future Upside

Narrative Update on Trisura Group Analyst price targets for Trisura Group have converged around CA$59, reflecting a series of recent target increases as analysts point to setbacks in the U.S. fading and renewed confidence in the company’s position and expansion plans. Analyst Commentary Recent Street research on Trisura Group points to a cluster of price targets around C$59, with several firms maintaining positive ratings while acknowledging past execution issues in the U.S. Programs segment.

Recent updates

Narrative Update May 17

TSU: U.S. Expansion And C$59 Consensus Support A Stronger Forward Outlook

Analysts made a modest adjustment to the CA$59 consensus price target on Trisura Group, reflecting mixed recent calls that include a CA$4 cut from CIBC, a CA$1 lift from RBC Capital, and earlier target increases from both RBC Capital and BMO Capital. These moves are tied to views on U.S. expansion and the U.S. Programs segment, which is now being described as operating from a position of strength.
Narrative Update Apr 28

TSU: U.S. Expansion And C$59 Outlook Will Support Future Upside

Analysts have slightly raised their average price target on Trisura Group to about CA$59, reflecting a modest increase in fair value estimates, along with commentary that earlier U.S. Programs setbacks are now behind the company and that U.S. expansion offers an additional growth channel. Analyst Commentary Recent Street research has been broadly constructive on Trisura Group, with several firms aligning around a CA$59 price target and positive views on execution, especially in the U.S. Programs segment.
Narrative Update Apr 13

TSU: U.S. Expansion Recovery And C$59 Outlook Will Support Future Upside

Narrative Update on Trisura Group Analyst price targets for Trisura Group have converged around CA$59, reflecting a series of recent target increases as analysts point to setbacks in the U.S. fading and renewed confidence in the company’s position and expansion plans. Analyst Commentary Recent Street research on Trisura Group points to a cluster of price targets around C$59, with several firms maintaining positive ratings while acknowledging past execution issues in the U.S. Programs segment.
Narrative Update Mar 29

TSU: U.S. Programs Recovery And Expansion Will Support Future Upside

Analysts have recently aligned around a higher CA$59 price target for Trisura Group, citing confidence that earlier setbacks in the U.S. Programs segment are now behind the company and that ongoing U.S. expansion offers an additional growth channel. Analyst Commentary Recent Street research on Trisura Group has centered on a cluster of price targets at CA$59 and positive views on the U.S. Programs business, with several firms reiterating or assigning Outperform ratings around that level.
Narrative Update Mar 15

TSU: U.S. Expansion From A Position Of Strength Will Drive Future Upside

Analysts have raised their average price target on Trisura Group to CA$59. The change is mainly tied to views that earlier issues in the U.S. Programs segment are now behind the company and that U.S. expansion offers an additional growth channel.
Narrative Update Mar 01

TSU: U.S. Expansion And Share Buybacks Will Support Future Upside Potential

Analysts nudged their fair value estimate for Trisura Group higher to CA$57.22 from CA$56.75, pointing to fresh CA$59 price targets and recent research that highlights improved U.S. Programs execution and renewed confidence in the company’s growth channels. Analyst Commentary Recent research points to a cluster of positive views on Trisura Group, with several firms aligning around a CA$59 price target and highlighting execution in U.S. Programs as a key driver behind their updated work.
Narrative Update Feb 15

TSU: Share Repurchases And Margin Assumptions Will Support Future Upside Potential

Analysts have raised their price target on Trisura Group to CA$56.75 from CA$54.29, citing updated expectations for revenue growth, profit margins and future P/E assumptions. Analyst Commentary Recent research updates around the CA$56.75 price target focus on how Trisura Group might balance growth expectations with valuation and execution risks.
Analysis Article Jan 31

Here's Why We Think Trisura Group (TSE:TSU) Might Deserve Your Attention Today

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article Nov 11

Revenue Beat: Trisura Group Ltd. Beat Analyst Estimates By 5.6%

Trisura Group Ltd. ( TSE:TSU ) just released its latest quarterly results and things are looking bullish. Results were...
Analysis Article Apr 28

With EPS Growth And More, Trisura Group (TSE:TSU) Makes An Interesting Case

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article Apr 02

Trisura Group Ltd.'s (TSE:TSU) Shareholders Might Be Looking For Exit

It's not a stretch to say that Trisura Group Ltd.'s ( TSE:TSU ) price-to-earnings (or "P/E") ratio of 14.2x right now...
User avatar
New Narrative Feb 11

Expansion In US Insurance Platforms Will Improve Competitive Positioning

Expanding U.S. operations and building distribution relationships could drive premium growth and revenue increases.
Analysis Article Dec 20

Little Excitement Around Trisura Group Ltd.'s (TSE:TSU) Revenues

When you see that almost half of the companies in the Insurance industry in Canada have price-to-sales ratios (or...
Analysis Article Nov 12

Is Now The Time To Put Trisura Group (TSE:TSU) On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article Feb 17

Earnings Tell The Story For Trisura Group Ltd. (TSE:TSU) As Its Stock Soars 26%

Trisura Group Ltd. ( TSE:TSU ) shareholders have had their patience rewarded with a 26% share price jump in the last...
Analysis Article Dec 22

Potential Upside For Trisura Group Ltd. (TSE:TSU) Not Without Risk

It's not a stretch to say that Trisura Group Ltd.'s ( TSE:TSU ) price-to-sales (or "P/S") ratio of 1.4x right now seems...
Analysis Article Jan 24

Here's Why Trisura Group (TSE:TSU) Has Caught The Eye Of Investors

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article Oct 04

Does Trisura Group (TSE:TSU) Deserve A Spot On Your Watchlist?

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article Jun 27

If EPS Growth Is Important To You, Trisura Group (TSE:TSU) Presents An Opportunity

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article Feb 02

Here's Why I Think Trisura Group (TSE:TSU) Is An Interesting Stock

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Shareholder Returns

TSUCA InsuranceCA Market
7D-0.6%-0.7%0.4%
1Y1.2%16.2%32.9%

Return vs Industry: TSU underperformed the Canadian Insurance industry which returned 16.2% over the past year.

Return vs Market: TSU underperformed the Canadian Market which returned 32.3% over the past year.

Price Volatility

Is TSU's price volatile compared to industry and market?
TSU volatility
TSU Average Weekly Movement3.8%
Insurance Industry Average Movement3.5%
Market Average Movement10.2%
10% most volatile stocks in CA Market17.7%
10% least volatile stocks in CA Market3.8%

Stable Share Price: TSU has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: TSU's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006n/aDavid Clarewww.trisura.com

Trisura Group Ltd., a specialty insurance company, operates in the surety, warranty, corporate insurance, and program and fronting businesses in Canada and the United States. The company operates in two segments: Trisura Specialty and Trisura US Programs. It offers contract surety bonds, such as performance and labour and material payment bonds for construction industry; commercial surety bonds, including license and permit, tax and excise, and fiduciary bonds; Developer surety bonds, comprising bonds to secure real estate developers; and new home warranty insurance for residential homes.

Trisura Group Ltd. Fundamentals Summary

How do Trisura Group's earnings and revenue compare to its market cap?
TSU fundamental statistics
Market capCA$1.93b
Earnings (TTM)CA$150.67m
Revenue (TTM)CA$3.21b
12.8x
P/E Ratio
0.6x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TSU income statement (TTM)
RevenueCA$3.21b
Cost of RevenueCA$2.95b
Gross ProfitCA$256.60m
Other ExpensesCA$105.94m
EarningsCA$150.67m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)3.19
Gross Margin8.00%
Net Profit Margin4.70%
Debt/Equity Ratio21.0%

How did TSU perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/29 12:01
End of Day Share Price 2026/05/29 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Trisura Group Ltd. is covered by 10 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jeffrey FenwickATB Cormark
Tom MacKinnonBMO Capital Markets Equity Research
Scott FletcherCIBC Capital Markets