Jade Power Trust Valuation

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

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate TNST.F's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate TNST.F's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TNST.F?

Key metric: As TNST.F is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for TNST.F. This is calculated by dividing TNST.F's market cap by their current book value.
What is TNST.F's PB Ratio?
PB Ratio	0.04x
Book	CA$2.99m
Market Cap	CA$133.52k

TNST.F key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does TNST.F's PB Ratio compare to its peers?

The above table shows the PB ratio for TNST.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	1.6x
EUSP EuroSite Power	0.4x	n/a	US$3.7m
ELLO Ellomay Capital	1.7x	n/a	US$205.9m
HPFL.N0000 Lotus Hydro Power	1.8x	n/a	LK₨1.2b
MNTK Montauk Renewables	2.3x	1.1%	US$636.2m
TNST.F Jade Power Trust	0.04x	n/a	US$133.5k

Price-To-Book vs Peers: Insufficient data to calculate TNST.F's Price-To-Book Ratio vs. peers for valuation analysis.

Price to Book Ratio vs Industry

How does TNST.F's PB Ratio compare vs other companies in the US Renewable Energy Industry?

3 Companies	Price / Book	Estimated Growth	Market Cap
Industry Avg.	1.8x	12.4%
TNST.F Jade Power Trust	0.04x	n/a	US$97.37k
AZRE.F Azure Power Global	0.1x	n/a	US$48.12m
ETRX.F Etrion	0.005x	n/a	US$33.41k

No more companies available in this PB range

3 Companies		Estimated Growth	Market Cap
Industry Avg.	1.8x	12.4%
TNST.F Jade Power Trust	0.04x	n/a	US$97.37k

No more companies

Price-To-Book vs Industry: TNST.F is good value based on its Price-To-Book Ratio (0x) compared to the North American Renewable Energy industry average (1.8x).

Price to Book Ratio vs Fair Ratio

What is TNST.F's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TNST.F PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	0.04x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate TNST.F's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

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