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 low-carbon and high-carbon galvanized steel wires; clean and bright wire for industrial and original equipment manufacturer customers; agricultural products, including fencing, barbed wire, galvanized wire, and bright wire, as well as other fabri… Read more
Tree Island Steel Ltd (TWIRF) - Net Assets
Latest net assets as of September 2025: $114.64 Million USD
Based on the latest financial reports, Tree Island Steel Ltd (TWIRF) has net assets worth $114.64 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($165.20 Million) and total liabilities ($50.56 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $114.64 Million |
| % of Total Assets | 69.39% |
| Annual Growth Rate | -2.41% |
| 5-Year Change | 132.75% |
| 10-Year Change | 105.59% |
| Growth Volatility | 44.42 |
Tree Island Steel Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Tree Island Steel Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tree Island Steel Ltd (2002–2024)
The table below shows the annual net assets of Tree Island Steel Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $118.86 Million | -6.32% |
| 2023-12-31 | $126.88 Million | -0.95% |
| 2022-12-31 | $128.10 Million | -3.41% |
| 2021-12-31 | $132.62 Million | +159.69% |
| 2020-12-31 | $51.07 Million | +4.97% |
| 2019-12-31 | $48.65 Million | -17.01% |
| 2018-12-31 | $58.63 Million | -1.08% |
| 2017-12-31 | $59.27 Million | -13.57% |
| 2016-12-31 | $68.57 Million | +18.61% |
| 2015-12-31 | $57.82 Million | +31.11% |
| 2014-12-31 | $44.10 Million | +58.74% |
| 2013-12-31 | $27.78 Million | +10.66% |
| 2012-12-31 | $25.11 Million | +71.49% |
| 2011-12-31 | $14.64 Million | -47.08% |
| 2010-12-31 | $27.66 Million | -29.70% |
| 2009-12-31 | $39.35 Million | -35.51% |
| 2008-12-31 | $61.02 Million | -54.74% |
| 2007-12-31 | $134.81 Million | -13.45% |
| 2006-12-31 | $155.75 Million | -9.91% |
| 2005-12-31 | $172.88 Million | -8.47% |
| 2004-12-31 | $188.88 Million | +5.97% |
| 2003-12-31 | $178.24 Million | -12.32% |
| 2002-12-31 | $203.29 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tree Island Steel Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 9758100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $215.46 Million | 181.27% |
| Other Comprehensive Income | $984.00K | 0.83% |
| Total Equity | $118.86 Million | 100.00% |
Tree Island Steel Ltd Competitors by Market Cap
The table below lists competitors of Tree Island Steel Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Portmeirion Group PLC
PINK:POTMF
|
$16.76 Million |
|
A.J. Plast Public Company Limited
BK:AJ
|
$16.76 Million |
|
Global Fashion Group S.A
PINK:GLFGF
|
$16.76 Million |
|
Tekcapital plc
PINK:TEKCF
|
$16.78 Million |
|
CORERO NETWORK SEC.LS-01
F:NYA1
|
$16.75 Million |
|
Telcoware
KO:078000
|
$16.74 Million |
|
HCT Co. Ltd
KQ:072990
|
$16.74 Million |
|
0DG8
LSE:0DG8
|
$16.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tree Island Steel Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 126,877,000 to 118,862,000, a change of -8,015,000 (-6.3%).
- Net loss of 3,910,000 reduced equity.
- Dividend payments of 3,193,000 reduced retained earnings.
- Share repurchases of 3,446,000 reduced equity.
- Other comprehensive income increased equity by 2,064,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.91 Million | -3.29% |
| Dividends Paid | $3.19 Million | -2.69% |
| Share Repurchases | $3.45 Million | -2.9% |
| Other Comprehensive Income | $2.06 Million | +1.74% |
| Other Changes | $470.00K | +0.4% |
| Total Change | $- | -6.32% |
Book Value vs Market Value Analysis
This analysis compares Tree Island Steel Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.40x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.10x to 0.40x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $18.14 | $1.80 | x |
| 2003-12-31 | $15.63 | $1.80 | x |
| 2004-12-31 | $20.10 | $1.80 | x |
| 2005-12-31 | $15.78 | $1.80 | x |
| 2006-12-31 | $14.21 | $1.80 | x |
| 2007-12-31 | $12.26 | $1.80 | x |
| 2008-12-31 | $5.56 | $1.80 | x |
| 2009-12-31 | $3.57 | $1.80 | x |
| 2010-12-31 | $2.44 | $1.80 | x |
| 2011-12-31 | $1.28 | $1.80 | x |
| 2012-12-31 | $2.23 | $1.80 | x |
| 2013-12-31 | $2.29 | $1.80 | x |
| 2014-12-31 | $1.47 | $1.80 | x |
| 2015-12-31 | $1.86 | $1.80 | x |
| 2016-12-31 | $2.21 | $1.80 | x |
| 2017-12-31 | $1.94 | $1.80 | x |
| 2018-12-31 | $1.99 | $1.80 | x |
| 2019-12-31 | $1.68 | $1.80 | x |
| 2020-12-31 | $1.77 | $1.80 | x |
| 2021-12-31 | $4.66 | $1.80 | x |
| 2022-12-31 | $4.51 | $1.80 | x |
| 2023-12-31 | $4.56 | $1.80 | x |
| 2024-12-31 | $4.46 | $1.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tree Island Steel Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.77%
- • Asset Turnover: 1.31x
- • Equity Multiplier: 1.42x
- Recent ROE (-3.29%) is below the historical average (-3.20%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -0.88% | -4.01% | 0.09x | 2.34x | $-16.22 Million |
| 2003 | 10.15% | 4.36% | 1.03x | 2.25x | $186.80K |
| 2004 | 19.32% | 9.52% | 1.23x | 1.65x | $17.60 Million |
| 2005 | 11.22% | 5.77% | 1.30x | 1.50x | $2.12 Million |
| 2006 | 10.28% | 5.90% | 1.13x | 1.55x | $442.70K |
| 2007 | 7.73% | 3.94% | 1.09x | 1.79x | $-3.06 Million |
| 2008 | -106.51% | -20.14% | 1.59x | 3.33x | $-71.09 Million |
| 2009 | -68.30% | -16.23% | 1.66x | 2.53x | $-30.81 Million |
| 2010 | -53.42% | -11.16% | 1.53x | 3.14x | $-17.55 Million |
| 2011 | -87.85% | -8.57% | 1.65x | 6.22x | $-14.32 Million |
| 2012 | 41.31% | 7.09% | 1.80x | 3.23x | $7.86 Million |
| 2013 | -2.36% | -0.43% | 1.79x | 3.08x | $-3.43 Million |
| 2014 | 2.22% | 0.53% | 1.64x | 2.54x | $-3.43 Million |
| 2015 | 27.93% | 6.98% | 1.76x | 2.28x | $10.37 Million |
| 2016 | 19.79% | 5.87% | 1.68x | 2.00x | $6.71 Million |
| 2017 | -2.76% | -0.70% | 1.76x | 2.26x | $-7.56 Million |
| 2018 | 4.42% | 1.10% | 1.49x | 2.70x | $-3.27 Million |
| 2019 | -10.67% | -2.59% | 1.26x | 3.27x | $-10.06 Million |
| 2020 | 10.05% | 2.38% | 1.47x | 2.87x | $24.10K |
| 2021 | 66.33% | 29.14% | 1.34x | 1.70x | $74.71 Million |
| 2022 | 25.84% | 9.78% | 1.92x | 1.38x | $20.30 Million |
| 2023 | 5.95% | 3.15% | 1.39x | 1.36x | $-5.14 Million |
| 2024 | -3.29% | -1.77% | 1.31x | 1.42x | $-15.80 Million |
Industry Comparison
This section compares Tree Island Steel Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $10,879,360,340
- Average return on equity (ROE) among peers: 3.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tree Island Steel Ltd (TWIRF) | $114.64 Million | -0.88% | 0.44x | $16.75 Million |
| Acerinox S.A. (ACRXF) | $1.93 Billion | -3.09% | 1.28x | $1.71 Billion |
| ArcelorMittal SA (AMSYF) | $11.98 Billion | 27.55% | 1.59x | $12.85 Billion |
| Angang Steel Company Limited (ANGGF) | $50.39 Billion | 11.12% | 0.77x | $641.51 Million |
| Aperam PK (APEMY) | $3.79 Billion | 7.21% | 0.73x | $1.17 Billion |
| Aperam SA (APMSF) | $2.52 Billion | 11.35% | 0.72x | $1.31 Billion |
| ArcelorMittal South Africa Ltd (ARCXF) | $28.00 Billion | 33.51% | 0.34x | $14.02 Million |
| Algoma Steel Group Inc (ASTL) | $173.80 Million | -92.29% | 7.94x | $280.31 Million |
| Algoma Steel Group Inc. Warrant (ASTLW) | $-530.90 Million | 0.00% | 0.00x | $6.74 Million |
| BCI Minerals Limited (BIRNF) | $103.61 Million | 12.45% | 0.26x | $227.67 Million |
| BlueScope Steel Limited (BLSFF) | $10.45 Billion | 26.90% | 0.59x | $5.72 Billion |