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StockVS

TSX · Steel · CAD

Tree Island Steel Ltd. (TSL.TO) Stock Analysis

Tree Island Steel Ltd. (TSL.TO) is a Steel stock listed on TSX and quoted in Canadian Dollar.

TSL.TO

CA$2.78

+CA$0.19 (+7.34%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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TSL.TO Key Statistics

As of Sep 4, 2026
Trading
Open
CA$2.39
Previous Close
CA$2.59
Day's Range
2.20–2.79
52-Week Range
0.01–3.11
Volume
42.80K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.47
Valuation
Market Cap
CA$71.85M
P/E Ratio
unprofitable
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
12.09
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
0.44
EPS (ttm)Profit attributable to each share over the last twelve months.
−0.27
Financials (FY)
Revenue (FY)
CA$170.83M−22.74%
Net Income (FY)
−CA$5.33M
Profit marginThe share of revenue left as profit after all costs and taxes.
−4.18%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
25.85M
1-Year Return
+10.24%
Dividend and dates
Dividend
CA$0.06+2.30%
Ex-Dividend Date
December 31, 2025
Earnings Date
November 12, 2026estimated
Avg Volume
4.82K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

TSL.TO Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−5.76%
2025−4.47%
2024−4.64%
2023+8.56%
2022−18.01%
2021+102.27%
2020+29.27%
2019+5.54%
2018−17.57%
2017−42.53%
2016 (partial year)+5.14%

As of September 4, 2026.

TSL.TO Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025CA$170.83M−CA$5.33M−3.1%
2024CA$221.11M−CA$4.10M−1.9%
2023CA$254.57MCA$7.55M3.0%
2022CA$359.56MCA$33.11M9.2%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025CA$170.83MCA$9.45M−CA$2.69M−CA$5.33M−3.1%
2024CA$221.11MCA$11.79M−CA$1.69M−CA$4.10M−1.9%
2023CA$254.57MCA$30.29MCA$16.70MCA$7.55M3.0%
2022CA$359.56MCA$65.33MCA$50.48MCA$33.11M9.2%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

TSL.TO Dividend History

CA$0.06−50.0% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2025CA$0.064−50.0%
2024CA$0.124−25.0%
2023CA$0.164−88.4%
2022CA$1.384+527.3%
YearDividends per sharePaymentsChange
2025CA$0.064−50.0%
2024CA$0.124−25.0%
2023CA$0.164−88.4%
2022CA$1.384+527.3%
2021CA$0.224+175.0%
2020CA$0.084+0.0%
2019CA$0.084+0.0%
2018CA$0.084+0.0%
2017CA$0.084+100.0%
2016CA$0.042—

Most recent payment: CA$0.02 per share, ex-dividend December 31, 2025. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

TSL.TO Valuation vs Steel Median

Median of 26 stocks
MetricTSL.TOSteel medianvs median
P/S ratio0.440.9454% below
Profit margin−4.18%2.39%6.6 pts below

Medians across 26 Steel stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Analysis

Data-derived

Company Overview

Tree Island Steel Ltd. (TSL.TO) carries a market capitalisation of CA$71.85M. The company sits in the Basic Materials sector, in the Steel industry. Headcount on file is 300.

The 52-week range on file runs from CA$0.01 to CA$3.11. The most recent close on file for TSL.TO is CA$2.78, dated September 4, 2026. That is +CA$0.19 (+7.34%) against the previous close. The latest close sits 27,700% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to CA$170.83M. Against the prior fiscal year total of CA$221.11M, that is a change of −22.74%. The same year closed with a net loss of CA$5.33M. Profit margin runs at −4.18%. That is 6.6 percentage points below the Steel median of 2.39%. Earnings per share on a trailing basis come to −0.27.

Across the 4 fiscal years on file, revenue moves from CA$359.56M in 2022 to CA$170.83M in 2025. Of those 4 years, 2 report positive net income.

Valuation Assessment

No trailing P/E applies: the last reported earnings figure is negative. The forward P/E on file is 12.09. The price-to-sales ratio is 0.44. On price-to-sales that is 53.8% below the Steel median of 0.94. The medians here are taken across 26 Steel companies that report the metric.

Beta against the wider market is reported at 0.47. Annualized volatility over the trailing 10 years is 43.32%. The trailing one-year price return is +10.24%. Measured over 10 years, that is −1.28% a year compounded.

Growth & Income

TSL.TO pays a dividend yielding 2.3%. That is 0.3 percentage points above the Steel median yield of 2.04%. The indicated annual rate is CA$0.06 a share. The ex-dividend date on file is December 31, 2025. Dividends are recorded for 10 calendar years; 2025 shows 4 payments totalling CA$0.06 a share. The year before, 2024, totalled CA$0.12 a share.

Across the complete calendar years on file, 2021 returned +102.27% and 2017 returned −42.53%. Of the 9 complete calendar years on file, 4 finished higher. So far in 2026 the price is −5.76%.

Peer Comparison

Tree Island Steel Ltd. (TSL.TO) operates in the Steel industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Tree Island Steel Ltd. TSL.TO CA$71.85M —
ArcelorMittal S.A. MT CA$59.37B 33.1
Nucor Corporation NUE CA$59.23B 21.0
Steel Dynamics, Inc. STLD CA$34.69B 22.0

The Steel industry average P/E ratio is 22.3x. Tree Island Steel Ltd. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Tree Island Steel Ltd.

Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products in Canada, the United States, and internationally. It offers industrial wire that include high and low carbon wires and black annealed wires; nails, such as bulk, packaged, and collated nails; agricultural products, including rolled fencing, fence panels, and agricultural wires; and welded wire reinforcement products. The company also provides woven and welded wires, corners, and accessories. It markets its products under the Tree Island, Halsteel, True Spec, K-Lath, TI Wire, Tough Strand, and ToughPanel brand names. The company was formerly known as Tree Island Wire Income Fund and changed its name to Tree Island Steel Ltd. in October 2012. Tree Island Steel Ltd. was founded in 1964 and is based in Richmond, Canada.

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