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Taiga Building Products

TSX:TBL
Snowflake Description

Undervalued with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TBL
TSX
CA$95M
Market Cap
  1. Home
  2. CA
  3. Capital Goods
Company description

Taiga Building Products Ltd. operates as a wholesale distributor of building products in Canada and the United States. The last earnings update was 42 days ago. More info.


Add to Portfolio Compare Print
  • Taiga Building Products has significant price volatility in the past 3 months.
TBL Share Price and Events
7 Day Returns
6.3%
TSX:TBL
0.4%
CA Trade Distributors
-0.1%
CA Market
1 Year Returns
-19%
TSX:TBL
-26.5%
CA Trade Distributors
-24.6%
CA Market
TBL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Taiga Building Products (TBL) 6.3% -22.7% -24.1% -19% -16.7% 0%
CA Trade Distributors 0.4% -20.8% -28.2% -26.5% -21.5% -10.5%
CA Market -0.1% -21.2% -24.7% -24.6% -22.1% -16.5%
1 Year Return vs Industry and Market
  • TBL outperformed the Trade Distributors industry which returned -26.5% over the past year.
  • TBL outperformed the Market in Canada which returned -24.6% over the past year.
Price Volatility
TBL
Industry
5yr Volatility vs Market

Value

 Is Taiga Building Products undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Taiga Building Products to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Taiga Building Products.

TSX:TBL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:TBL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 5.4%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.868 (1 + (1- 26.5%) (177.03%))
1.668
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.67
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.44% + (1.668 * 5.44%)
10.51%

Discounted Cash Flow Calculation for TSX:TBL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Taiga Building Products is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

TSX:TBL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 10.51%)
2020 45.65 Est @ 15.51% 41.31
2021 50.80 Est @ 11.29% 41.60
2022 55.03 Est @ 8.33% 40.78
2023 58.48 Est @ 6.26% 39.21
2024 61.30 Est @ 4.82% 37.19
2025 63.63 Est @ 3.8% 34.93
2026 65.60 Est @ 3.09% 32.59
2027 67.30 Est @ 2.6% 30.25
2028 68.82 Est @ 2.25% 27.99
2029 70.20 Est @ 2.01% 25.84
Present value of next 10 years cash flows CA$351.00
TSX:TBL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$70.20 × (1 + 1.44%) ÷ (10.51% – 1.44%)
CA$784.99
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$784.99 ÷ (1 + 10.51%)10
CA$288.92
TSX:TBL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$351.00 + CA$288.92
CA$639.92
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$639.92 / 111.52
CA$5.74
TSX:TBL Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$5.74
Current discount Discount to share price of CA$0.85
= -1 x (CA$0.85 - CA$5.74) / CA$5.74
85.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Taiga Building Products is available for.
Intrinsic value
>50%
Share price is CA$0.85 vs Future cash flow value of CA$5.74
Current Discount Checks
For Taiga Building Products to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Taiga Building Products's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Taiga Building Products's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Taiga Building Products's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Taiga Building Products's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:TBL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$0.23
TSX:TBL Share Price ** TSX (2020-04-01) in CAD CA$0.85
Canada Trade Distributors Industry PE Ratio Median Figure of 10 Publicly-Listed Trade Distributors Companies 10.03x
Canada Market PE Ratio Median Figure of 497 Publicly-Listed Companies 10.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Taiga Building Products.

TSX:TBL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:TBL Share Price ÷ EPS (both in CAD)

= 0.85 ÷ 0.23

3.76x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Taiga Building Products is good value based on earnings compared to the CA Trade Distributors industry average.
  • Taiga Building Products is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does Taiga Building Products's expected growth come at a high price?
Raw Data
TSX:TBL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Trade Distributors Industry PEG Ratio Median Figure of 5 Publicly-Listed Trade Distributors Companies 0.44x
Canada Market PEG Ratio Median Figure of 233 Publicly-Listed Companies 0.67x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Taiga Building Products, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Taiga Building Products's assets?
Raw Data
TSX:TBL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$1.25
TSX:TBL Share Price * TSX (2020-04-01) in CAD CA$0.85
Canada Trade Distributors Industry PB Ratio Median Figure of 18 Publicly-Listed Trade Distributors Companies 0.7x
Canada Market PB Ratio Median Figure of 2,356 Publicly-Listed Companies 0.98x
TSX:TBL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:TBL Share Price ÷ Book Value per Share (both in CAD)

= 0.85 ÷ 1.25

0.68x

* Primary Listing of Taiga Building Products.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Taiga Building Products is good value based on assets compared to the CA Trade Distributors industry average.
X
Value checks
We assess Taiga Building Products's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Trade Distributors industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Trade Distributors industry average (and greater than 0)? (1 check)
  5. Taiga Building Products has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Taiga Building Products expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Taiga Building Products has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.3%
Expected Trade Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Taiga Building Products expected to grow at an attractive rate?
  • Unable to compare Taiga Building Products's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Taiga Building Products's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Taiga Building Products's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:TBL Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 5.3%
Canada Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Canada Market Earnings Growth Rate Market Cap Weighted Average 7%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:TBL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:TBL Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,299 42 26
2019-09-30 1,305 87 22
2019-06-30 1,346 70 19
2019-03-31 1,414 49 18
2018-12-31 1,451 34 20
2018-09-30 1,477 -3 4
2018-06-30 1,474 1 4
2018-03-31 1,431 16 3
2017-12-31 1,392 28 -4
2017-09-30 1,340 19 11
2017-06-30 1,278 -9 8
2017-03-31 1,224 2 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Taiga Building Products is high growth as no earnings estimate data is available.
  • Unable to determine if Taiga Building Products is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:TBL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Taiga Building Products Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:TBL Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 0.23
2019-09-30 0.19
2019-06-30 0.16
2019-03-31 0.16
2018-12-31 0.17
2018-09-30 0.03
2018-06-30 0.05
2018-03-31 0.04
2017-12-31 -0.09
2017-09-30 0.34
2017-06-30 0.25
2017-03-31 0.25

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Taiga Building Products will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Taiga Building Products is trading at Taiga Building Products'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Taiga Building Products's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Taiga Building Products's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Taiga Building Products's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Taiga Building Products has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Taiga Building Products performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Taiga Building Products's growth in the last year to its industry (Trade Distributors).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Taiga Building Products's year on year earnings growth rate has been positive over the past 5 years.
  • Taiga Building Products's 1-year earnings growth exceeds its 5-year average (27.8% vs 13.5%)
  • Taiga Building Products's earnings growth has exceeded the CA Trade Distributors industry average in the past year (27.8% vs 4.3%).
Earnings and Revenue History
Taiga Building Products's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Taiga Building Products Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:TBL Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,299.12 25.91 82.78
2019-09-30 1,304.88 21.68 81.75
2019-06-30 1,345.64 18.89 80.02
2019-03-31 1,413.79 18.17 83.19
2018-12-31 1,450.99 20.27 84.63
2018-09-30 1,476.93 3.53 84.57
2018-06-30 1,473.92 3.93 87.06
2018-03-31 1,430.81 2.60 83.13
2017-12-31 1,392.26 -3.94 80.35
2017-09-30 1,339.85 11.10 77.14
2017-06-30 1,278.27 8.26 73.62
2017-03-31 1,223.98 7.99 72.11
2016-12-31 1,217.81 8.46 70.90
2016-09-30 1,232.88 8.56 73.47
2016-06-30 1,285.82 10.04 75.99
2016-03-31 1,364.32 11.72 76.67
2015-12-31 1,378.76 10.44 78.50
2015-09-30 1,382.36 10.90 77.95
2015-06-30 1,377.93 11.94 77.63
2015-03-31 1,348.72 11.08 75.82
2014-12-31 1,303.85 11.75 74.02
2014-09-30 1,271.86 10.83 71.48
2014-06-30 1,233.22 9.14 68.07
2014-03-31 1,194.26 5.08 67.37
2013-12-31 1,204.40 5.34 66.15
2013-09-30 1,188.04 6.22 65.96
2013-06-30 1,159.04 6.03 65.04

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Taiga Building Products has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Taiga Building Products used its assets more efficiently than the CA Trade Distributors industry average last year based on Return on Assets.
  • Taiga Building Products's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Taiga Building Products's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Trade Distributors industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Taiga Building Products has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Taiga Building Products's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Taiga Building Products's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Taiga Building Products is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Taiga Building Products's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Taiga Building Products's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Taiga Building Products Company Filings, last reported 3 months ago.

TSX:TBL Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 139.68 71.35
2019-09-30 138.09 93.05
2019-06-30 131.63 154.33
2019-03-31 126.90 152.74
2018-12-31 118.31 105.85
2018-09-30 115.66 130.39
2018-06-30 110.79 152.73
2018-03-31 104.07 129.50
2017-12-31 95.84 68.24
2017-09-30 -9.01 192.42
2017-06-30 -13.67 241.46
2017-03-31 -17.87 231.51
2016-12-31 -17.80 177.61
2016-09-30 -18.37 190.01
2016-06-30 -21.97 212.03
2016-03-31 -26.54 211.79
2015-12-31 -25.47 160.46
2015-09-30 -26.75 182.10
2015-06-30 -32.88 252.69
2015-03-31 -38.92 258.09
2014-12-31 -40.25 198.30
2014-09-30 -41.64 211.84
2014-06-30 -48.62 254.51
2014-03-31 -53.27 258.77
2013-12-31 -54.36 217.56
2013-09-30 -54.57 229.20
2013-06-30 -58.09 275.25
  • Taiga Building Products's level of debt (51.1%) compared to net worth is high (greater than 40%).
  • Taiga Building Products had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is well covered by operating cash flow (59.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.2x coverage).
X
Financial health checks
We assess Taiga Building Products's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Taiga Building Products has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Taiga Building Products's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Taiga Building Products dividends.
If you bought CA$2,000 of Taiga Building Products shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Taiga Building Products's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Taiga Building Products's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:TBL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 4.3%
Canada Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 4.7%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.4%
Canada Bottom 25% Dividend Yield 25th Percentile 2.7%
Canada Top 25% Dividend Yield 75th Percentile 8.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:TBL Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2014-02-06 0.000 0.000
2013-11-08 0.000 0.000
2013-08-08 0.000 0.000
2013-06-20 0.000 0.000
2013-02-07 0.029 2.898
2012-11-08 0.029 3.390
2012-02-09 0.000 0.000
2011-11-08 0.000 0.000
2011-11-07 0.000 0.000
2011-09-12 0.000 0.000
2011-07-04 0.000 0.000
2011-06-27 0.000 0.000
2010-06-07 0.092 9.043
2010-02-10 0.000 0.000
2009-11-17 0.000 0.000
2009-11-13 0.000 0.000
2009-08-05 0.000 0.000
2009-07-31 0.000 0.000
2009-06-02 0.000 0.000
2009-05-22 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Taiga Building Products has not reported any payouts.
  • Unable to verify if Taiga Building Products's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Taiga Building Products's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Taiga Building Products has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Taiga Building Products's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Taiga Building Products afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Taiga Building Products has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Taiga Building Products's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Trent Balog
COMPENSATION CA$1,113,718
TENURE AS CEO 5.1 years
CEO Bio

Mr. Trent Balog has been the Chief Executive Officer and President at Taiga Building Products Ltd. since March 31, 2015. Mr. Balog served as the Chief Operating Officer at Taiga Building Products Ltd. since April 1, 2010 and as its Executive Vice President of Operations until March 31, 2015. He served as Executive Vice President of Operations at Taiga Building Products Ltd. since January 1, 2010. Trent began his career working for Weldwood of Canada in Edmonton, starting in the warehouse and ending up with a distribution sales osition working out of Saskatoon and covering North Eastern Saskatchewan. He then moved to Calgary, taking a sales supervisor job with McMillan Bloedel. He was promoted to National Accounts Manager for M&B before moving to Taiga in 1994. At Taiga, Trent has worked in a number of different roles including pressure treated wood sales manager, Vice President ­ Western Canadian Operations and most recently Chief Operating Officer.

CEO Compensation
  • Trent's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Trent's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Taiga Building Products management team in years:

5.1
Average Tenure
  • The average tenure for the Taiga Building Products management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Trent Balog

TITLE
CEO & President
COMPENSATION
CA$1M
TENURE
5.1 yrs

Mark Schneidereit-Hsu

TITLE
CFO, VP of Finance & Administration and Corporate Secretary
COMPENSATION
CA$453K
TENURE
6.8 yrs

Russ Permann

TITLE
Executive VP of Operations & COO
COMPENSATION
CA$848K
TENURE
5.1 yrs
Board of Directors Tenure

Average tenure of the Taiga Building Products board of directors in years:

10.1
Average Tenure
  • The average tenure for the Taiga Building Products board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Ian Tong

TITLE
Chairman of the Board
COMPENSATION
CA$40K

Kooi Tong

TITLE
Director
AGE
60
TENURE
14.9 yrs

Doug Morris

TITLE
Independent Director
COMPENSATION
CA$40K
TENURE
10.8 yrs

Brian Flagel

TITLE
Independent Director
COMPENSATION
CA$60K
TENURE
9.4 yrs

Garson David Lee

TITLE
Independent Director
AGE
46
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Taiga Building Products's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Taiga Building Products has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Understanding Your Return On Investment In Taiga Building Products Ltd (TSE:TBL)

and want to better understand how you can grow your money by investing in Taiga Building Products Ltd (TSE:TBL). … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … To understand Taiga Building Products’s capital returns we will look at a useful metric called return on capital employed.

Simply Wall St -

What Should Investors Know About Taiga Building Products Ltd's (TSE:TBL) Capital Returns?

and looking to gauge the potential return on investment in Taiga Building Products Ltd (TSE:TBL). … This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … Therefore, looking at how efficiently Taiga Building Products is able to use capital to create earnings will help us understand your potential return.

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Is Taiga Building Products Ltd's (TSE:TBL) Balance Sheet A Threat To Its Future?

While small-cap stocks, such as Taiga Building Products Ltd (TSE:TBL) with its market cap of CA$193.93m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

How Taiga Building Products Ltd (TSE:TBL) Can Impact Your Portfolio Volatility

Based on this beta value, TBL appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … TBL, with its market capitalisation of CA$161.22M, is a small-cap stock, which generally have higher beta than similar companies of larger size. … How TBL's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

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Who Are The Major Shareholders Of Taiga Building Products Ltd (TSE:TBL)?

The company hardly has institutions in its ownership structure, indicating limited concern for investors to worry about potential sell-offs that could arise due to extensive liquidation. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … Private Company Ownership Potential investors in TBL should also look at another important group of investors: private companies, with a stake of 0.12%, who are primarily invested because of strategic and capital gain interests.

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What You Must Know About Taiga Building Products Ltd's (TSE:TBL) Financial Strength

How does TBL’s operating cash flow stack up against its debt? … Additionally, TBL has generated CA$101.01M in operating cash flow over the same time period, leading to an operating cash to total debt ratio of 108.66%, meaning that TBL’s operating cash is sufficient to cover its debt. … Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate.Next Steps: TBL’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

Interested In Capital Goods? Why Taiga Building Products Ltd (TSE:TBL) May Be The Entry Point

Taiga Building Products Ltd (TSX:TBL), a CA$163.55M small-cap, is a trading and distribution company operating in an industry which is facing massive upheavals from industry convergence, and new forms of competition and business models. … Below, I will examine the sector growth prospects, and also determine whether Taiga Building Products is a laggard or leader relative to its capital goods sector peers. … See our latest analysis for Taiga Building Products What’s the catalyst for Taiga Building Products's sector growth?

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Is Taiga Building Products Ltd's (TSE:TBL) CEO Paid Enough Relative To Peers?

Earnings is a powerful indication of TBL's ability to invest shareholders' funds and generate returns. … Based on TBL's size and performance, in terms of market cap and earnings, it appears that Balog is compensated higher than other Canadian CEOs of profitable small-caps. … If you are not interested in Taiga Building Products anymore, you can use our free platform to see my list of over 50 sustainable companies producing great returns.

Simply Wall St -

Should You Be Tempted To Buy Taiga Building Products Ltd (TSE:TBL) Because Of Its PE Ratio?

Taiga Building Products Ltd (TSX:TBL) is currently trading at a trailing P/E of 4.1x, which is lower than the industry average of 26.6x. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for TBL Price per share = CA$1.4 Earnings per share = CA$0.342 ∴ Price-Earnings Ratio = CA$1.4 ÷ CA$0.342 = 4.1x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … TBL’s P/E of 4.1x is lower than its industry peers (26.6x), which implies that each dollar of TBL’s earnings is being undervalued by investors.

Simply Wall St -

Want To Invest In Taiga Building Products Ltd (TSX:TBL)? Here's How It Performed Lately

When Taiga Building Products Ltd (TSX:TBL) announced its most recent earnings (30 September 2017), I did two things: looked at its past earnings track record, then look at what is happening in the industry. … Though Taiga Building Products's past data is helpful, it is only one aspect of my investment thesis. … Companies that have performed well in the past, such as Taiga Building Products gives investors conviction.

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Company Info

Description

Taiga Building Products Ltd. operates as a wholesale distributor of building products in Canada and the United States. It offers composite decking products, railings, and accessories; engineered wood products; laminate and vinyl floorings; insulation products; dimension lumber products; moldings; panels, such as plywood, oriented strand boards, and particleboards, as well as medium density fiber boards; polyethylene sheeting products; and preserved wood products. The company also provides roofing products, including mineral surfaced roofing, roofing vents, shingles, weatherproofing materials, building papers, felts, and underlayment; siding and trim products; and wall paneling and accessories. In addition, it produces pressure-treated wood products. The company distributes its building products through 15 distribution centers in Canada, 2 distribution centers in California, and a distribution center in Washington state to ‘big-box’ and other building products retailers, building supply yards, and industrial manufacturers. It also exports its products. The company was founded in 1973 and is headquartered in Burnaby, Canada. Taiga Building Products Ltd. is a subsidiary of Avarga Limited.

Details
Name: Taiga Building Products Ltd.
TBL
Exchange: TSX
Founded: 1973
CA$94,792,495
111,520,583
Website: http://www.taigabuilding.com
Address: Taiga Building Products Ltd.
4710 Kingsway,
Suite 800,
Burnaby,
British Columbia, V5H 4M2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX TBL New Common Shares The Toronto Stock Exchange CA CAD 04. May 2006
OTCPK TGAF.F New Common Shares Pink Sheets LLC US USD 04. May 2006
Number of employees
Current staff
Staff numbers
584
Taiga Building Products employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 06:31
End of day share price update: 2020/04/01 00:00
Last earnings filing: 2020/02/21
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.