Transat A.T. Inc.

TSX:TRZ Stock Report

Market Cap: CA$87.1m

Transat A.T Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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 TRZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

CA$251.47
Fair Value
99.2% undervalued intrinsic discount
5
Number of Analysts

Below Fair Value: TRZ (CA$2.12) is trading below our estimate of fair value (CA$251.47)

Significantly Below Fair Value: TRZ is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TRZ. This is calculated by dividing TRZ's market cap by their current earnings.
What is TRZ's PE Ratio?
PE Ratio0.3x
EarningsCA$295.63m
Market CapCA$87.09m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TRZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18x
EIF Exchange Income
29x24.24%CA$4.2b
9206 Star Flyer
6.3xn/aJP¥7.3b
NOKP.F Nok Airlines
33.2xn/aUS$63.8m
AQZ Alliance Aviation Services
3.5x-22.06%AU$202.1m
TRZ Transat A.T
0.3x-95.09%CA$87.1m

Price-To-Earnings vs Peers: TRZ is good value based on its Price-To-Earnings Ratio (0.3x) compared to the peer average (18x).

Price to Earnings Ratio vs Industry

How does TRZ's PE Ratio compare vs other companies in the Global Airlines Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.8.7x15.7%
TRZ Transat A.T
 0.3x-95.09%US$61.76m
TRZ 0.3xIndustry Avg. 8.7xNo. of Companies11PE0612182430+
3 CompaniesEstimated GrowthMarket Cap
Industry Avg.8.7x15.7%
TRZ Transat A.T
 0.3x-95.09%US$61.76m
No more companies

Price-To-Earnings vs Industry: TRZ is good value based on its Price-To-Earnings Ratio (0.3x) compared to the Global Airlines industry average (8.7x).

Price to Earnings Ratio vs Fair Ratio

What is TRZ'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.

TRZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio0.3x
Fair PE Ratio0.7x

Price-To-Earnings vs Fair Ratio: TRZ is good value based on its Price-To-Earnings Ratio (0.3x) compared to the estimated Fair Price-To-Earnings Ratio (0.7x).

Analyst Price Targets

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

The above table shows the analyst TRZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$2.12
CA$3.23
+52.36%
36.39%CA$5.50CA$2.25n/a5
Nov ’26CA$2.11
CA$3.23
+53.08%
36.39%CA$5.50CA$2.25n/a5
Oct ’26CA$2.52
CA$3.23
+28.17%
36.39%CA$5.50CA$2.25n/a5
Sep ’26CA$2.71
CA$3.05
+12.55%
42.56%CA$5.50CA$2.00n/a5
Aug ’26CA$2.45
CA$3.05
+24.49%
42.56%CA$5.50CA$2.00n/a5
Jul ’26CA$2.77
CA$3.05
+10.11%
42.56%CA$5.50CA$2.00n/a5
Jun ’26CA$1.65
CA$1.60
-3.03%
15.93%CA$2.00CA$1.25n/a5
May ’26CA$1.52
CA$1.54
+1.32%
19.63%CA$2.00CA$1.20n/a5
Apr ’26CA$1.48
CA$1.54
+4.05%
19.63%CA$2.00CA$1.20n/a5
Mar ’26CA$1.82
CA$1.76
-3.30%
20.12%CA$2.25CA$1.25n/a5
Feb ’26CA$1.81
CA$1.86
+2.76%
18.10%CA$2.25CA$1.50n/a5
Jan ’26CA$1.95
CA$1.86
-4.62%
18.10%CA$2.25CA$1.50n/a5
Dec ’25CA$1.81
CA$1.75
-3.31%
12.78%CA$2.00CA$1.50n/a5
Nov ’25CA$1.76
CA$1.75
-0.57%
12.78%CA$2.00CA$1.50CA$2.115
Oct ’25CA$1.72
CA$1.75
+1.74%
12.78%CA$2.00CA$1.50CA$2.525
Sep ’25CA$1.90
CA$2.56
+34.74%
14.05%CA$3.00CA$2.25CA$2.715
Aug ’25CA$2.15
CA$2.56
+19.07%
14.05%CA$3.00CA$2.25CA$2.455
Jul ’25CA$2.31
CA$2.56
+10.82%
14.05%CA$3.00CA$2.25CA$2.775
Jun ’25CA$3.04
CA$2.84
-6.58%
18.21%CA$3.75CA$2.25CA$1.655
May ’25CA$3.65
CA$3.23
-11.51%
17.28%CA$4.00CA$2.50CA$1.525
Apr ’25CA$3.83
CA$3.23
-15.67%
17.28%CA$4.00CA$2.50CA$1.485
Mar ’25CA$4.18
CA$4.20
+0.48%
28.02%CA$5.75CA$3.00CA$1.825
Feb ’25CA$4.26
CA$4.05
-4.93%
25.72%CA$5.75CA$3.00CA$1.815
Jan ’25CA$3.73
CA$4.05
+8.58%
25.72%CA$5.75CA$3.00CA$1.955
Dec ’24CA$3.08
CA$4.20
+36.36%
22.40%CA$5.75CA$3.00CA$1.815
Nov ’24CA$3.00
CA$4.40
+46.67%
17.08%CA$5.75CA$3.50CA$1.765
CA$3.23
Fair Value
34.4% undervalued intrinsic discount
5
Number of Analysts

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/20 04:51
End of Day Share Price 2025/11/20 00:00
Earnings2025/07/31
Annual Earnings2024/10/31

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

Transat A.T. Inc. is covered by 14 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ahmad ShaathBeacon Securities Limited
Claude ProulxBMO Capital Markets Equity Research
David TyermanCanaccord Genuity