Tidewater Midstream and Infrastructure Ltd., through its subsidiaries, engages in the gathering, processing, and transportation of natural gas liquids (NGLs) primarily in North America.
High growth potential and good value.
Share Price & News
How has Tidewater Midstream and Infrastructure's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TL5 has not had significant price volatility in the past 3 months.
7 Day Return
DE Oil and Gas
1 Year Return
DE Oil and Gas
Return vs Industry: TL5 underperformed the German Oil and Gas industry which returned 74.7% over the past year.
Return vs Market: TL5 underperformed the German Market which returned 12.8% over the past year.
Price Volatility Vs. Market
How volatile is Tidewater Midstream and Infrastructure's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
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: TL5 (€0.7) is trading below our estimate of fair value (€2.05)
Significantly Below Fair Value: TL5 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TL5 is poor value based on its PE Ratio (25.8x) compared to the Oil and Gas industry average (10.7x).
PE vs Market: TL5 is poor value based on its PE Ratio (25.8x) compared to the German market (20.8x).
Price to Earnings Growth Ratio
PEG Ratio: TL5 is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: TL5 is good value based on its PB Ratio (0.7x) compared to the DE Oil and Gas industry average (1.4x).
How is Tidewater Midstream and Infrastructure forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TL5's forecast earnings growth (72% per year) is above the savings rate (-0.4%).
Earnings vs Market: TL5's earnings (72% per year) are forecast to grow faster than the German market (13% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TL5's revenue (33.8% per year) is forecast to grow faster than the German market (5.2% per year).
High Growth Revenue: TL5's revenue (33.8% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TL5's Return on Equity is forecast to be low in 3 years time (12.1%).
How has Tidewater Midstream and Infrastructure performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TL5 has a high level of non-cash earnings.
Growing Profit Margin: TL5's current net profit margins (2.5%) are higher than last year (2.5%).
Past Earnings Growth Analysis
Earnings Trend: TL5's earnings have declined by -16.3% per year over the past 5 years.
Accelerating Growth: TL5's earnings growth over the past year (73.9%) exceeds its 5-year average (-16.3% per year).
Earnings vs Industry: TL5 earnings growth over the past year (73.9%) exceeded the Oil and Gas industry -5.1%.
Return on Equity
High ROE: TL5's Return on Equity (2.5%) is considered low.
Return on Assets
Return on Capital Employed
How is Tidewater Midstream and Infrastructure's financial position?
Financial Position Analysis
Short Term Liabilities: TL5's short term assets (CA$160.7M) do not cover its short term liabilities (CA$216.3M).
Long Term Liabilities: TL5's short term assets (CA$160.7M) do not cover its long term liabilities (CA$899.3M).
Debt to Equity History and Analysis
Debt Level: TL5's debt to equity ratio (111%) is considered high.
Reducing Debt: Insufficient data to determine if TL5's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: TL5's debt is not well covered by operating cash flow (9.6%).
Interest Coverage: TL5's interest payments on its debt are not well covered by EBIT (2.4x coverage).
Inventory Level: TL5 has a high level of physical assets or inventory.
Debt Coverage by Assets: TL5's debt is not covered by short term assets (assets are 0.3x debt).
What is Tidewater Midstream and Infrastructure's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: TL5's dividend (3.92%) is higher than the bottom 25% of dividend payers in the German market (1.31%).
High Dividend: TL5's dividend (3.92%) is in the top 25% of dividend payers in the German market (3.63%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, TL5 has been paying a dividend for less than 10 years.
Growing Dividend: TL5 has only been paying a dividend for 4 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (101.1%), TL5's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TL5's dividends in 3 years are forecast to be well covered by earnings (19.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Joel MacLeod (40yo)
Mr. Joel A. MacLeod has been the Chief Executive Officer and President of Tidewater Midstream and Infrastructure Ltd. since April 20, 2015 and its Chairman of the Board since February 4, 2015. Mr. MacLeod ...
CEO Compensation Analysis
Compensation vs Market: Joel's total compensation ($USD622.73K) is about average for companies of similar size in the German market ($USD616.99K).
Compensation vs Earnings: Joel's compensation has been consistent with company performance over the past year.
|Chief Financial Officer||5yrs||CA$860.95k||0.25% CA$600.1k|
|Vice President of Business Development & Marketing||0yrs||CA$860.95k||0.48% CA$1.2m|
|VP of Legal||2.4yrs||no data||0.010% CA$24.7k|
|Vice President of Field Operations||5yrs||CA$542.37k||no data|
Experienced Management: TL5's management team is considered experienced (4.9 years average tenure).
|Independent Director||2.8yrs||CA$107.05k||0.0040% CA$9.6k|
|Lead Director||2.3yrs||CA$117.05k||0.088% CA$211.5k|
|Independent Director||2.8yrs||CA$107.05k||0.0055% CA$13.2k|
|Independent Director||5yrs||CA$107.05k||0.23% CA$544.5k|
Experienced Board: TL5's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Tidewater Midstream and Infrastructure Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Tidewater Midstream and Infrastructure Ltd.
- Ticker: TL5
- Exchange: DB
- Founded: 2015
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: CA$344.124m
- Listing Market Cap: CA$239.751m
- Shares outstanding: 337.38m
- Website: https://www.tidewatermidstream.com
Number of Employees
- Tidewater Midstream and Infrastructure Ltd.
- 222 – 3rd Avenue SW
- Suite 900
- T2P 0B4
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TWM||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Apr 2015|
|TL5||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Apr 2015|
|TWMI.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Apr 2015|
Tidewater Midstream and Infrastructure Ltd., through its subsidiaries, engages in the gathering, processing, and transportation of natural gas liquids (NGLs) primarily in North America. The company transports ethane, propane, butane, and natural gasoline through gathering systems, processing plants, and pipelines. It also exports its products. In addition, the company extracts, produces, and markets natural gas and NGLs; retails propane; and rents railcars. The company was incorporated in 2015 and is headquartered in Calgary, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/22 22:54|
|End of Day Share Price||2020/02/21 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.