# Tidewater Renewables Ltd. (LCFS.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Basic Materials / Chemicals. Price C$21.22, market value C$775 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Tidewater Renewables Ltd. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **PEG: 4.21**. A PEG of 4.21 means the P/E is high relative to expected earnings growth; the price already assumes a lot.
- **Price / sales: 2.1×**. Each dollar of revenue is priced at 2.1×.
- **Price / book: 4.5×**. The shares trade at 4.5× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 21.2×**. Enterprise value is 21.2× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 3.5%** (5-yr avg 2.9%). Free cash flow equals 3.5% of the market value, in line with its five-year average of 2.9%.

## Profitability
- **Gross margin: 26.2%**. Tidewater Renewables Ltd. keeps 26.2% of revenue after the direct cost of what it sells.
- **Operating margin: 19.6%**. 19.6% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 1.4%**. 1.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 2.3%**. 2.3% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 16.2%**. Return on all capital, debt included, is 16.2%: comfortably above what that capital costs.
- **Return on assets: 0.1%**. Each dollar of assets produces 0.1% of profit.

## Growth
- **Revenue growth (1 yr): -41.9%** (3-yr 48.3%/yr). Revenue fell 41.9% over the last year.
- **EPS growth (1 yr): 100.9%** (3-yr -50.5%/yr). Earnings per share rose 100.9%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 1.28**. Debt is 1.28 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 4.2×**. It would take 4.2 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 3.1×**. Operating profit covers interest 3.1× over, a safe margin.
- **Current ratio: 1.38** (quick 0.27). Current assets cover the next year's liabilities 1.38 times.
- **Altman Z-score: 3.13**. A Z-score of 3.13 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Tidewater Renewables Ltd. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (4 analysts). 4 analysts cover Tidewater Renewables Ltd.; the consensus is buy, with an average price target of C$23.00 (+8% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 407.9%** (YTD 368.5%, 3-mo 20.3%). The shares are up 407.9% over twelve months including dividends.
- **From 52-week high: -17.8%** (526.0% above the low). Trading 18% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 38**. An RSI of 38 is neutral.
- **Beta (1 yr): -0.10** (volatility 55%). Beta of -0.10 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=LCFS.TO · Page: https://foliofundamentals.com/stocks/lcfs.to

Not investment advice.