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Tree Island Steel Stock

Tree Island Steel P/E 2024

Tree Island Steel P/E

12.41

Ticker

TSL.TO

ISIN

CA89467Q2009

WKN

A114A7

As of Dec 4, 2024, Tree Island Steel's P/E ratio was 12.41, a 221.5% change from the 3.86 P/E ratio recorded in the previous year.

The Tree Island Steel P/E history

Tree Island Steel Aktienanalyse

What does Tree Island Steel do?

Tree Island Steel Ltd is a Canadian company specializing in the production of steel wire products. Founded in 1964 in Victoria, British Columbia, the company has been listed on the Toronto Stock Exchange since 1968. The company has continually realigned itself throughout its history to meet market needs. In the 1970s and 1980s, it primarily produced products for the construction industry, such as reinforcing steel for concrete. At the beginning of the 21st century, Tree Island Steel withdrew from this market and focused on manufacturing steel wire products for the processing industry. This includes fence products, gabion stones, wire ties, and various specialty products. Tree Island Steel's business model is based on vertical integration. This means that the company performs most steps in the production of its products itself. This includes steel rolling, wire drawing, surface finishing, and manufacturing of end products. This allows Tree Island Steel to guarantee high product quality and quickly respond to customer demands. The company operates in various sectors. The most important sector is the production of galvanized steel wire. In this process, the steel is coated with a thin layer of zinc to protect it from corrosion. These products are primarily used for outdoor applications, such as fences or gabion stones. Another sector of Tree Island Steel is the production of steel grids. These grids can be manufactured in various sizes and shapes and are primarily used in the construction industry. They can be used, for example, as reinforcement for concrete floors or as covers for channels. In addition to these two main sectors, Tree Island Steel also offers a range of specialty products. This includes steel wire products for agriculture, such as wire ropes for vineyards, as well as steel wire products for the transportation of goods, such as wire straps for bottles or bowls. Furthermore, Tree Island Steel has a subsidiary specializing in the production of galvanized wire. This wire is primarily used in the production of electrical products, such as wiring harnesses. Overall, Tree Island Steel employs around 450 employees at its three locations in Canada. All employees strive to continually improve the company's products and provide customers with the best possible service. After all, Tree Island Steel has been an important player in the Canadian and international market for steel wire products for almost six decades. Tree Island Steel ist eines der beliebtesten Unternehmen auf Eulerpool.com.

P/E Details

Deciphering Tree Island Steel's P/E Ratio

The Price to Earnings (P/E) Ratio of Tree Island Steel is a vital metric that investors and analysts use to determine the company’s market value relative to its earnings. It is calculated by dividing the current stock price by the earnings per share (EPS). A higher P/E ratio could suggest that investors are expecting higher future growth, while a lower ratio may indicate a potentially undervalued company or lower growth expectations.

Year-to-Year Comparison

Assessing Tree Island Steel's P/E ratio on a yearly basis provides insights into the valuation trends and investor sentiment. An increasing P/E ratio over the years signifies growing investor confidence and expectations for future earnings growth, while a decreasing ratio may reflect concerns over the company's profitability or growth prospects.

Impact on Investments

The P/E ratio of Tree Island Steel is a key consideration for investors aiming to balance risk and reward. A comprehensive analysis of this ratio, in conjunction with other financial indicators, aids investors in making informed decisions regarding buying, holding, or selling the company’s stocks.

Interpreting P/E Ratio Fluctuations

Fluctuations in Tree Island Steel’s P/E ratio can be attributed to various factors including changes in earnings, stock price movements, and shifts in investor expectations. Understanding the underlying reasons for these fluctuations is essential for predicting future stock performance and assessing the company's intrinsic value.

Frequently Asked Questions about Tree Island Steel stock

What is the price-to-earnings ratio of Tree Island Steel?

The price-earnings ratio of Tree Island Steel is currently 12.41.

How has the price-earnings ratio of Tree Island Steel changed compared to last year?

The price-to-earnings ratio of Tree Island Steel has increased by 221.5% increased compared to last year.

What consequences does a high price-earnings ratio have for investors?

A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.

What does a low price-earnings ratio mean?

A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.

Is the price-earnings ratio of Tree Island Steel high compared to other companies?

Yes, the price-to-earnings ratio of Tree Island Steel is high compared to other companies.

How does an increase in the price-earnings ratio of Tree Island Steel affect the company?

An increase in the price-earnings ratio of Tree Island Steel would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.

How does a reduction in the price-to-earnings ratio of Tree Island Steel affect the company?

A decrease in the price-earnings ratio of Tree Island Steel would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.

What are some factors that influence the price-earnings ratio of Tree Island Steel?

Some factors that influence the price-earnings ratio of Tree Island Steel are the company's growth, financial position, industry development, and the overall economic situation.

How much dividend does Tree Island Steel pay?

Over the past 12 months, Tree Island Steel paid a dividend of 0.11 CAD . This corresponds to a dividend yield of about 3.54 %. For the coming 12 months, Tree Island Steel is expected to pay a dividend of 0.11 CAD.

What is the dividend yield of Tree Island Steel?

The current dividend yield of Tree Island Steel is 3.54 %.

When does Tree Island Steel pay dividends?

Tree Island Steel pays a quarterly dividend. This is distributed in the months of January, April, July, October.

How secure is the dividend of Tree Island Steel?

Tree Island Steel paid dividends every year for the past 9 years.

What is the dividend of Tree Island Steel?

For the upcoming 12 months, dividends amounting to 0.11 CAD are expected. This corresponds to a dividend yield of 3.54 %.

In which sector is Tree Island Steel located?

Tree Island Steel is assigned to the 'Commodities' sector.

Wann musste ich die Aktien von Tree Island Steel kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Tree Island Steel from 10/15/2024 amounting to 0.03 CAD, you needed to have the stock in your portfolio before the ex-date on 9/27/2024.

When did Tree Island Steel pay the last dividend?

The last dividend was paid out on 10/15/2024.

What was the dividend of Tree Island Steel in the year 2023?

In the year 2023, Tree Island Steel distributed 1.28 CAD as dividends.

In which currency does Tree Island Steel pay out the dividend?

The dividends of Tree Island Steel are distributed in CAD.

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Andere Kennzahlen von Tree Island Steel

Our stock analysis for Tree Island Steel Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Tree Island Steel Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.