Taiga Building Products Ltd. (TBL.TO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+201.5%

CA$11.10

vs CA$3.68 price

Levered DCF

CA$9.84

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

4.68

Safe zone

Rating

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	13.73×	8.7×	5×	3.66×	3.08×	3.59×	5×	6.82×
P/B	1.26×	0.91×	0.78×	0.89×	1.06×	1.24×	0.94×	1.14×
P/S	0.24×	0.25×	0.18×	0.15×	0.13×	0.16×	0.1×	0.09×
EV / EBITDA	6×	3.72×	3.29×	2.36×	2.3×	4.07×	6.89×	6.77×
Gross margin	10.8%	10.6%	11.8%	13.3%	13.5%	14.2%	10.0%	8.4%
Operating margin	3.8%	4.1%	4.7%	5.8%	6.0%	6.6%	3.6%	2.5%
Net margin	1.8%	2.9%	3.6%	4.0%	4.2%	4.5%	2.0%	1.4%
Current ratio	3.18×	3.81×	3.54×	3.02×	2.09×	2.34×	1.87×	1.78×
Debt / equity	0.34×	0.21×	0.24×	0.27×	0.45×	0.61×	1.2×	1.09×
Interest coverage	11.87×	11.87×	15.61×	18.66×	16.58×	11.7×	4.35×	4.57×
Dividend yield	46.7%	0.0%	8.2%	0.0%	10.6%	0.0%	0.0%	0.0%
Payout ratio	630.3%	0.0%	40.8%	0.0%	32.4%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	9.3%	10.5%	15.5%	24.4%	34.7%	34.5%	18.5%	17.1%
Return on invested capital	10.9%	8.4%	12.7%	19.9%	24.9%	22.3%	10.6%	9.8%
Return on assets	5.5%	6.9%	9.8%	14.3%	15.9%	14.9%	6.6%	6.2%
Free cash flow yield	14.3%	10.7%	33.5%	15.3%	40.6%	19.5%	30.7%	22.1%
Earnings yield	7.4%	11.5%	20.0%	27.3%	32.6%	27.9%	19.7%	15.0%
Enterprise value	CA$454.6M	CA$318.4M	CA$309.1M	CA$327.5M	CA$333.8M	CA$474.1M	CA$395.9M	CA$286.6M
Net debt / EBITDA	0.91×	-1.11×	0.03×	0.02×	0.34×	1.89×	4.6×	3.58×
Cash conversion cycle (days)	56	56	53	51	49	60	56	51