# TerraVest Industries Inc. (TVK.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Energy / Energy Equipment & Services. Price C$123.77, market value C$2.7 billion.

## Valuation
- **P/E (trailing): 29.8×** (5-yr avg 19.9×, 3-yr avg 26.2×). TerraVest Industries Inc. trades at 29.8× trailing earnings, well above its own five-year average of 19.9×: investors are paying up relative to the company's past. The Energy median in the September 2026 study was 16.8×. Forward P/E is 22.9×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.90**. A PEG of 0.90 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.5×**. Each dollar of revenue is priced at 1.5×.
- **Price / book: 3.5×**. The shares trade at 3.5× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 9.9×**. Enterprise value is 9.9× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 4.1%** (5-yr avg 2.7%). Free cash flow equals 4.1% of the market value, above its five-year average of 2.7%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 3.4%**. The inverse of the P/E: 3.4% of the price is earned each year.

## Profitability
- **Gross margin: 22.8%**. TerraVest Industries Inc. keeps 22.8% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 8.3%**. 8.3% of revenue is left after running the business.
- **Net margin: 6.3%**. 6.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 12.0%**. 12.0% on shareholders' equity is solid.
- **Return on invested capital: 6.6%**. Return on all capital, debt included, is 6.6%.
- **Return on assets: 4.3%**. Each dollar of assets produces 4.3% of profit.

## Growth
- **Revenue growth (1 yr): 50.4%** (3-yr 33.5%/yr, 5-yr 35.1%/yr). Revenue grew 50.4% over the last year, against 35.1% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 25.5%** (3-yr 18.2%/yr, 5-yr 23.8%/yr). Earnings per share rose 25.5%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 1.37**. Debt is 1.37 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 2.7×**. It would take 2.7 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 2.2×**. Operating profit covers interest 2.2×, thin but manageable.
- **Current ratio: 1.49** (quick 0.64). Current assets cover the next year's liabilities 1.49 times.
- **Altman Z-score: 2.56**. A Z-score of 2.56 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend yield: 0.65%** (C$0.78 per share, trailing). TerraVest Industries Inc. yields 0.65%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 16%** (15% of free cash flow). 16% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 10**. 10 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 12.6%/yr** (1-yr 16.0%). The dividend has compounded at 12.6% a year over five years, doubling roughly every 6 years at that pace.

## Price and momentum
- **Total return (1 yr): -13.3%** (YTD -24.5%, 3-mo 14.4%). The shares are down 13.3% over twelve months including dividends.
- **From 52-week high: -29.4%** (30.3% above the low). Trading 29% 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): 57**. An RSI of 57 is neutral.
- **Beta (1 yr): 1.71** (volatility 58%). Beta of 1.71 against the S&P/TSX Composite: the shares move much more than the market.

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

Not investment advice.