Tree Island Steel Ltd. (TSL) - Net Assets
Based on the latest financial reports, Tree Island Steel Ltd. (TSL) has net assets worth CA$107.44 Million CAD (≈ $77.72 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$162.55 Million ≈ $117.59 Million USD) and total liabilities (CA$55.11 Million ≈ $39.87 Million USD). 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. Check Tree Island Steel Ltd. (TSL) strategic investment index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$107.44 Million |
| % of Total Assets | 66.1% |
| Annual Growth Rate | -2.7% |
| 5-Year Change | -18.29% |
| 10-Year Change | 58.03% |
| Growth Volatility | 43.52 |
Tree Island Steel Ltd. - Net Assets Trend (2002–2025)
This chart illustrates how Tree Island Steel Ltd.'s net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Tree Island Steel Ltd. stock valuation.
Annual Net Assets for Tree Island Steel Ltd. (2002–2025)
The table below shows the annual net assets of Tree Island Steel Ltd. from 2002 to 2025. Also explore net asset growth rate of Tree Island Steel Ltd. to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$108.37 Million ≈ $78.39 Million |
-8.83% |
| 2024-12-31 | CA$118.86 Million ≈ $85.98 Million |
-6.32% |
| 2023-12-31 | CA$126.88 Million ≈ $91.78 Million |
-0.95% |
| 2022-12-31 | CA$128.10 Million ≈ $92.66 Million |
-3.41% |
| 2021-12-31 | CA$132.62 Million ≈ $95.94 Million |
+159.69% |
| 2020-12-31 | CA$51.07 Million ≈ $36.94 Million |
+4.97% |
| 2019-12-31 | CA$48.65 Million ≈ $35.19 Million |
-17.01% |
| 2018-12-31 | CA$58.63 Million ≈ $42.41 Million |
-1.08% |
| 2017-12-31 | CA$59.27 Million ≈ $42.87 Million |
-13.57% |
| 2016-12-31 | CA$68.57 Million ≈ $49.60 Million |
+18.61% |
| 2015-12-31 | CA$57.82 Million ≈ $41.82 Million |
+31.11% |
| 2014-12-31 | CA$44.10 Million ≈ $31.90 Million |
+58.74% |
| 2013-12-31 | CA$27.78 Million ≈ $20.10 Million |
+10.66% |
| 2012-12-31 | CA$25.11 Million ≈ $18.16 Million |
+71.49% |
| 2011-12-31 | CA$14.64 Million ≈ $10.59 Million |
-45.49% |
| 2010-12-31 | CA$26.86 Million ≈ $19.43 Million |
-31.76% |
| 2009-12-31 | CA$39.35 Million ≈ $28.47 Million |
-35.51% |
| 2008-12-31 | CA$61.02 Million ≈ $44.14 Million |
-54.74% |
| 2007-12-31 | CA$134.81 Million ≈ $97.52 Million |
-13.45% |
| 2006-12-31 | CA$155.75 Million ≈ $112.67 Million |
-9.91% |
| 2005-12-31 | CA$172.88 Million ≈ $125.06 Million |
-8.47% |
| 2004-12-31 | CA$188.88 Million ≈ $136.63 Million |
+5.97% |
| 2003-12-31 | CA$178.24 Million ≈ $128.94 Million |
-12.32% |
| 2002-12-31 | CA$203.29 Million ≈ $147.06 Million |
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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 10677000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$215.17 Million | 198.55% |
| Other Comprehensive Income | CA$-30.00K | -0.03% |
| Total Equity | CA$108.37 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 |
|---|---|
|
Korea Parts & Fasteners Co.Ltd
KQ:024880
|
$50.75 Million |
|
Cloud Air Co.Ltd
KQ:036170
|
$50.75 Million |
|
Akin Tekstil AS
IS:ATEKS
|
$50.80 Million |
|
Broadwind Energy Inc
NASDAQ:BWEN
|
$50.81 Million |
|
United Drilling Tools Limited
NSE:UNIDT
|
$50.71 Million |
|
DURECT CORP. DL-001
F:DC8A
|
$50.69 Million |
|
Krungdhep Sophon Public Company Limited
BK:KWC
|
$50.68 Million |
|
Edesa Holding SA
BA:EDSH
|
$50.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tree Island Steel Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 118,862,000 to 108,369,000, a change of -10,493,000 (-8.8%).
- Net loss of 5,328,000 reduced equity.
- Dividend payments of 1,949,000 reduced retained earnings.
- Share repurchases of 290,000 reduced equity.
- Other comprehensive income decreased equity by 1,014,000.
- Other factors decreased equity by 1,912,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-5.33 Million | -4.92% |
| Dividends Paid | CA$1.95 Million | -1.8% |
| Share Repurchases | CA$290.00K | -0.27% |
| Other Comprehensive Income | CA$-1.01 Million | -0.94% |
| Other Changes | CA$-1.91 Million | -1.76% |
| Total Change | CA$- | -8.83% |
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: 0.65x
- 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 0.15x to 0.65x 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 | CA$18.14 | CA$2.71 | x |
| 2003-12-31 | CA$15.63 | CA$2.71 | x |
| 2004-12-31 | CA$20.10 | CA$2.71 | x |
| 2005-12-31 | CA$15.78 | CA$2.71 | x |
| 2006-12-31 | CA$14.21 | CA$2.71 | x |
| 2007-12-31 | CA$12.26 | CA$2.71 | x |
| 2008-12-31 | CA$5.56 | CA$2.71 | x |
| 2009-12-31 | CA$3.57 | CA$2.71 | x |
| 2010-12-31 | CA$2.37 | CA$2.71 | x |
| 2011-12-31 | CA$1.28 | CA$2.71 | x |
| 2012-12-31 | CA$0.83 | CA$2.71 | x |
| 2013-12-31 | CA$2.29 | CA$2.71 | x |
| 2014-12-31 | CA$1.47 | CA$2.71 | x |
| 2015-12-31 | CA$1.86 | CA$2.71 | x |
| 2016-12-31 | CA$2.21 | CA$2.71 | x |
| 2017-12-31 | CA$1.94 | CA$2.71 | x |
| 2018-12-31 | CA$1.99 | CA$2.71 | x |
| 2019-12-31 | CA$1.68 | CA$2.71 | x |
| 2020-12-31 | CA$1.77 | CA$2.71 | x |
| 2021-12-31 | CA$4.66 | CA$2.71 | x |
| 2022-12-31 | CA$4.51 | CA$2.71 | x |
| 2023-12-31 | CA$4.56 | CA$2.71 | x |
| 2024-12-31 | CA$4.49 | CA$2.71 | x |
| 2025-12-31 | CA$4.17 | CA$2.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tree Island Steel Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -4.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.12%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 1.43x
- Recent ROE (-4.92%) is below the historical average (-2.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -0.88% | -4.01% | 0.09x | 2.34x | CA$-16.22 Million |
| 2003 | 10.15% | 4.36% | 1.03x | 2.25x | CA$186.80K |
| 2004 | 19.32% | 9.52% | 1.23x | 1.65x | CA$17.60 Million |
| 2005 | 11.22% | 5.77% | 1.29x | 1.51x | CA$2.12 Million |
| 2006 | 10.28% | 5.90% | 1.13x | 1.55x | CA$442.70K |
| 2007 | 7.73% | 3.94% | 1.09x | 1.79x | CA$-3.06 Million |
| 2008 | -106.51% | -20.14% | 1.59x | 3.33x | CA$-71.09 Million |
| 2009 | -68.30% | -16.23% | 1.66x | 2.53x | CA$-30.81 Million |
| 2010 | -41.74% | -8.47% | 1.51x | 3.26x | CA$-13.90 Million |
| 2011 | -87.85% | -8.57% | 1.65x | 6.22x | CA$-14.32 Million |
| 2012 | 41.31% | 7.09% | 1.80x | 3.23x | CA$7.86 Million |
| 2013 | -2.36% | -0.43% | 1.79x | 3.08x | CA$-3.43 Million |
| 2014 | 2.22% | 0.53% | 1.64x | 2.54x | CA$-3.43 Million |
| 2015 | 27.93% | 6.98% | 1.76x | 2.28x | CA$10.37 Million |
| 2016 | 19.79% | 5.87% | 1.68x | 2.00x | CA$6.71 Million |
| 2017 | -2.76% | -0.70% | 1.76x | 2.26x | CA$-7.56 Million |
| 2018 | 4.42% | 1.10% | 1.49x | 2.70x | CA$-3.27 Million |
| 2019 | -10.67% | -2.59% | 1.26x | 3.27x | CA$-10.06 Million |
| 2020 | 10.05% | 2.38% | 1.47x | 2.87x | CA$24.10K |
| 2021 | 66.33% | 29.14% | 1.34x | 1.70x | CA$74.71 Million |
| 2022 | 25.84% | 9.21% | 2.04x | 1.38x | CA$20.30 Million |
| 2023 | 5.95% | 3.15% | 1.39x | 1.36x | CA$-5.14 Million |
| 2024 | -3.29% | -1.89% | 1.23x | 1.42x | CA$-15.80 Million |
| 2025 | -4.92% | -3.12% | 1.10x | 1.43x | CA$-16.16 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: $347,981,766
- Average return on equity (ROE) among peers: 21.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tree Island Steel Ltd. (TSL) | CA$107.44 Million | -0.88% | 0.51x | $50.73 Million |
| Algoma Steel Group Inc (ASTL) | $-530.90 Million | 0.00% | 0.00x | $444.46 Million |
| Champion Iron Ltd (CIA) | $1.16 Billion | 44.98% | 0.71x | $1.19 Billion |
| Labrador Iron Ore Royalty Corp (LIF) | $413.15 Million | 18.17% | 0.31x | $1.18 Billion |
About 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 industrial wire that include high and low carbon wires and black annealed wires; nails, such as bulk, packaged, and collated nails; agricultural products, including rolled fencing, fence panels, and agricultural wires; and welded wire reinforceme… Read more