Stock TWM TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD.
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Financials Tidewater Midstream and Infrastructure Ltd.

Equities

TWM

CA8864531097

Oil & Gas Refining and Marketing

Market Closed - Toronto S.E.
Other stock markets
 03:59:32 2024-07-12 pm EDT 		5-day change 1st Jan Change
0.57 CAD -1.72% Intraday chart for Tidewater Midstream and Infrastructure Ltd. 0.00% -46.23%
Jun. 04 Tidewater Midstream Says Completed $100 Million Convertible Debenture Underwritten Offering and Announcing Redemption of Convertible Debentures Due Sept. 30, 2024 MT
Jun. 04 Tidewater Midstream and Infrastructure Brief: Says Completed $100 Million Convertible Debenture Underwritten Offering and Announcing Redemption of Convertible Debentures Due Sept. 30, 2024 MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 394 277.8 443 428.1 453.1 244.7 - -
Enterprise Value (EV) 1 1,236 1,132 1,043 1,148 1,197 703.4 665 838.7
P/E ratio -29.3 x -8.2 x 7.22 x 50.5 x -1.16 x - 7.6 x 4.38 x
Yield 3.42% 4.88% 3.08% 3.96% 2.83% - - -
Capitalization / Revenue 0.57 x 0.28 x 0.26 x 0.15 x 0.21 x 0.11 x 0.1 x 0.09 x
EV / Revenue 1.79 x 1.16 x 0.61 x 0.4 x 0.54 x 0.33 x 0.27 x 0.3 x
EV / EBITDA 11.3 x 6.3 x 4.96 x 4.59 x 7.35 x 4.38 x 3.18 x 3.79 x
EV / FCF -3.17 x 8.41 x 106 x -10.8 x -7.72 x 26.9 x 8.69 x 17.1 x
FCF Yield -31.5% 11.9% 0.94% -9.27% -13% 3.72% 11.5% 5.84%
Price to Book 0.88 x - 0.72 x 0.61 x - - - -
Nbr of stocks (in thousands) 336,778 338,783 340,746 423,868 427,413 429,358 - -
Reference price 2 1.170 0.8200 1.300 1.010 1.060 0.5700 0.5700 0.5700
Announcement Date 3/12/20 3/11/21 3/10/22 3/9/23 3/14/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 692.3 979.4 1,698 2,875 2,208 2,133 2,421 2,760
EBITDA 1 109.7 179.8 210.4 249.8 162.9 160.6 209.2 221.5
EBIT 1 -2.347 48.39 52.37 96.6 -5.6 94 168 175
Operating Margin -0.34% 4.94% 3.08% 3.36% -0.25% 4.41% 6.94% 6.34%
Earnings before Tax (EBT) 1 -24.82 - 94.22 26.5 -450.2 17 71 77
Net income 1 -13.99 -33.77 71.54 8.5 -385.9 -20 14 19
Net margin -2.02% -3.45% 4.21% 0.3% -17.47% -0.94% 0.58% 0.69%
EPS 2 -0.0400 -0.1000 0.1800 0.0200 -0.9100 - 0.0750 0.1300
Free Cash Flow 1 -389.8 134.6 9.853 -106.4 -155.1 26.15 76.5 49
FCF margin -56.3% 13.74% 0.58% -3.7% -7.02% 1.23% 3.16% 1.78%
FCF Conversion (EBITDA) - 74.88% 4.68% - - 16.28% 36.57% 22.12%
FCF Conversion (Net income) - - 13.77% - - - 546.43% 257.89%
Dividend per Share 2 0.0400 0.0400 0.0400 0.0400 0.0300 - - -
Announcement Date 3/12/20 3/11/21 3/10/22 3/9/23 3/14/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales - 658.4 793.6 712.1 711.1 614.5 508.7 582.1 - - - - - - -
EBITDA 1 53.9 57.41 69.92 62.08 60.4 48.9 44 48.6 21.4 39.8 35.92 44.08 46.6 60 60
EBIT - 20.83 33.68 20.07 22.01 14.2 -4.2 - - - - - - - -
Operating Margin - 3.16% 4.24% 2.82% 3.1% 2.31% -0.83% - - - - - - - -
Earnings before Tax (EBT) - - 26.56 -29.04 -33.75 -40 -5.7 - - - - - - - -
Net income 1 - - 16.07 -18.85 -30 -24.8 -6.4 -22.9 -331.8 -11.3 -9 1 - - -
Net margin - - 2.02% -2.65% -4.22% -4.04% -1.26% -3.93% - - - - - - -
EPS 2 -0.0100 0.1000 0.0400 -0.0500 -0.0700 -0.0600 -0.0200 -0.0500 -0.7800 -0.0300 0.0100 0.0100 0.0100 0.0300 0.0300
Dividend per Share 2 0.0100 0.0100 0.0100 0.0100 0.0100 0.0100 0.0100 0.0100 - - - - - - -
Announcement Date 3/10/22 5/12/22 8/11/22 11/10/22 3/9/23 5/11/23 8/10/23 11/9/23 3/14/24 5/9/24 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 842 854 600 720 744 459 420 594
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 7.678 x 4.751 x 2.851 x 2.881 x 4.567 x 2.856 x 2.009 x 2.682 x
Free Cash Flow 1 -390 135 9.85 -106 -155 26.2 76.5 49
ROE (net income / shareholders' equity) -3.1% -7.24% 13.7% 2.88% -78.7% -0.45% 13.1% 5.1%
ROA (Net income/ Total Assets) - -1.76% 3.73% 0.89% -20.6% 2.2% 7.4% -
Assets 1 - 1,921 1,917 954.6 1,874 -909.1 189.2 -
Book Value Per Share 1.330 - 1.810 1.660 - - - -
Cash Flow per Share 2 0.2200 0.6100 0.3700 0.5900 0.1400 0.1900 0.2700 -
Capex 1 481 71 127 349 293 71.7 89.3 114
Capex / Sales 69.52% 7.25% 7.46% 12.15% 13.25% 3.36% 3.69% 4.11%
Announcement Date 3/12/20 3/11/21 3/10/22 3/9/23 3/14/24 - - -
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Tidewater Midstream and Infrastructure Ltd.

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
0.57 CAD
Average target price
0.9333 CAD
Spread / Average Target
+63.74%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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