Titanium Transportation Group (TSXV:TTR) - Share price, News & Analysis

TTR fundamental analysis
Snowflake Score
Valuation	6/6
Future Growth	2/6
Past Performance	3/6
Financial Health	3/6
Dividends	3/6

TTR Stock Overview

Titanium Transportation Group Inc., together with its subsidiaries, provides asset-based transportation and logistics services in North America.

Rewards

Trading at 41.5% below our estimate of its fair value

Earnings are forecast to grow 12.81% per year

Earnings grew by 44.8% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

Unstable dividend track record

Does not have a meaningful market cap (CA$107M)

Titanium Transportation Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Titanium Transportation Group
Historical stock prices
Current Share Price	CA$2.39
52 Week High	CA$3.99
52 Week Low	CA$2.15
Beta	1.79
1 Month Change	-0.42%
3 Month Change	0.42%
1 Year Change	-38.56%
3 Year Change	83.85%
5 Year Change	99.17%
Change since IPO	-15.85%

Shareholder Returns

	TTR	CA Transportation	CA Market
7D	0%	-4.5%	-0.7%
1Y	-38.6%	-1.9%	5.2%

Return vs Industry: TTR underperformed the Canadian Transportation industry which returned 0.2% over the past year.

Return vs Market: TTR underperformed the Canadian Market which returned 4.8% over the past year.

Price Volatility

Is TTR's price volatile compared to industry and market?
TTR volatility
TTR Average Weekly Movement	5.6%
Transportation Industry Average Movement	5.0%
Market Average Movement	9.8%
10% most volatile stocks in CA Market	16.9%
10% least volatile stocks in CA Market	4.3%

Stable Share Price: TTR is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: TTR's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2002	1,100	Ted Daniel	https://www.ttgi.com

Titanium Transportation Group Inc., together with its subsidiaries, provides asset-based transportation and logistics services in North America. It operates in two segments, Truck Transportation and Logistics. The Truck Transportation segment provides pickup and delivery of general merchandise by long-haul, dedicated, and local trucking services through various trailer types, including 53’ dry vans, flatbeds, step-decks, heavy axle trailers, and other specialty equipment.

Titanium Transportation Group Fundamentals Summary

How do Titanium Transportation Group's earnings and revenue compare to its market cap?
TTR fundamental statistics
Market Cap	CA$106.64m
Earnings (TTM)	CA$9.84m
Revenue (TTM)	CA$449.76m

10.8x

P/E Ratio

0.2x

P/S Ratio

Is TTR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
TTR income statement (TTM)
Revenue	CA$449.76m
Cost of Revenue	CA$400.83m
Gross Profit	CA$48.92m
Other Expenses	CA$39.09m
Earnings	CA$9.84m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.22
Gross Margin	10.88%
Net Profit Margin	2.19%
Debt/Equity Ratio	95.2%

How did TTR perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

34%

Payout Ratio

Does TTR pay a reliable dividends?

See TTR dividend history and benchmarks

When do you need to buy TTR by to receive an upcoming dividend?
Titanium Transportation Group dividend dates
Ex Dividend Date	May 30 2022
Dividend Pay Date	Jun 15 2022
Days until Ex dividend	4 days
Days until Dividend pay date	20 days

Does TTR pay a reliable dividends?

See TTR dividend history and benchmarks

Valuation

Is Titanium Transportation Group undervalued compared to its fair value and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

41.5%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: TTR (CA$2.39) is trading below our estimate of fair value (CA$4.09)

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

Price To Earnings Ratio

PE vs Industry: TTR is good value based on its Price-To-Earnings Ratio (10.8x) compared to the Canadian Transportation industry average (15.1x).

PE vs Market: TTR is good value based on its Price-To-Earnings Ratio (10.8x) compared to the Canadian market (11.3x).

Price to Earnings Growth Ratio

PEG Ratio: TTR is good value based on its PEG Ratio (0.8x)

Price to Book Ratio

PB vs Industry: TTR is good value based on its Price-To-Book Ratio (1.3x) compared to the CA Transportation industry average (2.8x).

Future Growth

How is Titanium Transportation Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

12.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TTR's forecast earnings growth (12.8% per year) is above the savings rate (1.6%).

Earnings vs Market: TTR's earnings (12.8% per year) are forecast to grow faster than the Canadian market (7.6% per year).

High Growth Earnings: TTR's earnings are forecast to grow, but not significantly.

Revenue vs Market: TTR's revenue (6.1% per year) is forecast to grow slower than the Canadian market (6.4% per year).

High Growth Revenue: TTR's revenue (6.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if TTR's Return on Equity is forecast to be high in 3 years time

Past Performance

How has Titanium Transportation Group performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

47.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TTR has high quality earnings.

Growing Profit Margin: TTR's current net profit margins (2.2%) are lower than last year (2.8%).

Past Earnings Growth Analysis

Earnings Trend: TTR's earnings have grown significantly by 47.5% per year over the past 5 years.

Accelerating Growth: TTR's earnings growth over the past year (44.8%) is below its 5-year average (47.5% per year).

Earnings vs Industry: TTR earnings growth over the past year (44.8%) exceeded the Transportation industry 37.1%.

Return on Equity

High ROE: TTR's Return on Equity (12.2%) is considered low.

Financial Health

How is Titanium Transportation Group's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: TTR's short term assets (CA$107.7M) exceed its short term liabilities (CA$105.4M).

Long Term Liabilities: TTR's short term assets (CA$107.7M) exceed its long term liabilities (CA$67.4M).

Debt to Equity History and Analysis

Debt Level: TTR's net debt to equity ratio (77.6%) is considered high.

Reducing Debt: TTR's debt to equity ratio has increased from 91.1% to 95.2% over the past 5 years.

Debt Coverage: TTR's debt is not well covered by operating cash flow (8.3%).

Interest Coverage: TTR's interest payments on its debt are well covered by EBIT (5.3x coverage).

Balance Sheet

Dividend

What is Titanium Transportation Group current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

3.35%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: TTR's dividend (3.35%) is higher than the bottom 25% of dividend payers in the Canadian market (1.9%).

High Dividend: TTR's dividend (3.35%) is low compared to the top 25% of dividend payers in the Canadian market (4.91%).

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, TTR has been paying a dividend for less than 10 years.

Growing Dividend: TTR has only been paying a dividend for 2 years, and since then payments have not increased.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (33.9%), TTR's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (62%), TTR's dividend payments are covered by cash flows.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

7.1yrs

Average management tenure

CEO

Ted Daniel

7.08yrs

Tenure

CA$240,000

Compensation

Mr. Theodor Daniel, also known as Ted, CA, CPA, has been the Chief Executive Officer, President and Director of Titanium Transportation Group Inc. since April 1, 2015. Mr. Daniel serves as the Chief Execut...

CEO Compensation Analysis

Compensation vs Market: Ted's total compensation ($USD186.64K) is about average for companies of similar size in the Canadian market ($USD169.88K).

Compensation vs Earnings: Ted's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: TTR's management team is seasoned and experienced (7.1 years average tenure).

Board Members

Experienced Board: TTR's board of directors are considered experienced (7.1 years average tenure).

Ownership

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.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/24 00:00
End of Day Share Price	2022/05/24 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31