# Timbercreek Financial Corp. (TF.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Financial Services / Thrifts & Mortgage Finance. Price C$5.80, market value C$480 million.

## Valuation
- **P/E (trailing): 18.7×** (5-yr avg 13.3×, 3-yr avg 11.3×). Timbercreek Financial Corp. trades at 18.7× trailing earnings, well above its own five-year average of 13.3×: investors are paying up relative to the company's past. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 9.8×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 3.2×**. Each dollar of revenue is priced at 3.2×.
- **Price / book: 0.7×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 34.7×**. Enterprise value is 34.7× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 23.2%** (5-yr avg 16.0%). Free cash flow equals 23.2% of the market value, above its five-year average of 16.0%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 5.3%**. The inverse of the P/E: 5.3% of the price is earned each year.

## Profitability
- **Gross margin: 52.4%**. Timbercreek Financial Corp. keeps 52.4% of revenue after the direct cost of what it sells.
- **Operating margin: 34.1%**. 34.1% of revenue is left after running the business, an exceptional level.
- **Net margin: 23.4%**. 23.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 5.2%**. 5.2% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 2.0%**. Return on all capital, debt included, is 2.0%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 1.3%**. Each dollar of assets produces 1.3% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -8.6%** (3-yr -0.3%/yr, 5-yr 3.2%/yr). Revenue fell 8.6% over the last year, against 3.2% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -25.0%** (3-yr 11.9%/yr, 5-yr 9.2%/yr). Earnings per share fell 25.0%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -25.8%/yr**. Free cash flow has compounded at -25.8% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.
- **Cash and short-term investments: C$8 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 11.90%** (C$0.69 per share, trailing). Timbercreek Financial Corp. yields 11.90%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 150%** (46% of free cash flow). The dividend exceeds earnings (150% payout), though free cash flow still covers it.
- **Dividend growth (5 yr): 0.0%/yr** (1-yr -7.7%). The dividend has not grown over five years.
- **Shareholder yield: 13.1%**. Dividends plus net buybacks return 13.1% of the market value a year.

## Price and momentum
- **Total return (1 yr): -17.8%** (YTD -10.7%, 3-mo -10.0%). The shares are down 17.8% over twelve months including dividends.
- **From 52-week high: -24.9%** (3.8% above the low). Trading 25% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 35**. An RSI of 35 is neutral.
- **Beta (1 yr): 0.52** (volatility 18%). Beta of 0.52 against the S&P/TSX Composite: the shares move much less than the market.

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

Not investment advice.