This report should not be construed as providing investment advice. It is for educational purposes only.  Before making any investment decision, you should always do your own research or consult a investment professional. Estimates Estimates Estimates
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Q3 2024
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Titanium Transportation Group Inc TSX TTNM OTC TTNMF https://www.ttgi.com/ Fiscal Yr: Dec 31
Year 12/31/12 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 12/31/26 12/31/27 Value Description #Y Item Total G Currency
Accounting Rules IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS Accounting Rules
Statements in CDN$
USD - CDN$ 0.9949 1.0636 1.1601 1.3847 1.3427 1.2545 1.3642 1.2988 1.2732 1.2678 1.3544 1.3226 1.4389 1.3769 1.3769 1.3769 -0.62% <-IRR #YR-> 5 USD - CDN$
Change -2.17% 6.91% 9.07% 19.36% -3.04% -6.57% 8.74% -4.79% -1.97% -0.42% 6.83% -2.35% 8.79% -4.31% 0.00% 0.00% 2.20% <-IRR #YR-> 10 USD - CDN$
Revenue estimates  $374.0 $501.0 $455.0 Revenue estimates 
Change 33.96% -9.18% Change
Difference from actual -6.37% 0.93% 3.72% Difference from actual
$470 <-12 mths 2.14%
Revenue $171.8 $155.0 $189.1 $366.1 $428.8 $382.9 $406.4
Fuel Surchange $13.1 $12.0 $11.6 $33.4 $67.6 $55.8 $53.8
Revenue* $71.737 $110.000 $116.562 $129.584 $184.818 $167.029 $200.742 $399.443 $496.374 $438.685 $460.246 $471.4 $496.1 541.57% <-Total Growth 10 Revenue CDN$
Increase 0.00% 53.34% 5.97% 11.17% 42.62% -9.63% 20.18% 98.98% 24.27% -11.62% 4.91% 2.42% 5.24% 20.43% <-IRR #YR-> 10 Revenue 541.57% CDN$
5 year Running Average $122.540 $141.599 $159.747 $216.323 $289.681 $340.455 $399.098 $453.230 $472.561 22.47% <-IRR #YR-> 5 Revenue 175.55% CDN$
Revenue per Share $6.51 $3.03 $3.12 $3.58 $5.04 $4.59 $5.46 $9.07 $11.00 $9.80 $10.16 $10.15 $10.68 21.75% <-IRR #YR-> 6 5 yr Running Average #DIV/0! CDN$
Increase -53.37% 2.79% 14.94% 40.70% -8.88% 18.94% 66.01% 21.28% -10.94% 3.75% -0.13% 5.24% 23.03% <-IRR #YR-> 5 5 yr Running Average 181.85% CDN$
5 year Running Average $4.26 $3.87 $4.36 $5.55 $7.03 $7.99 $9.10 $10.04 $10.36 4.56% <-IRR #YR-> 10 Revenue per Share 56.26% CDN$
P/S (Price/Sales) Med 0.00 0.89 0.59 0.34 0.30 0.30 0.33 0.36 0.23 0.29 0.23 0.18 0.00 17.21% <-IRR #YR-> 5 Revenue per Share 121.26% CDN$
P/S (Price/Sales) Close 0.23 0.86 0.50 0.27 0.25 0.34 0.45 0.34 0.22 0.57 0.23 0.15 0.15 13.50% <-IRR #YR-> 6 5 yr Running Average #DIV/0! CDN$
P/S 10 Year Median  0.00 0.45 0.59 0.47 0.34 0.32 0.33 0.34 0.33 0.31 0.31 0.30 0.29 18.62% <-IRR #YR-> 5 5 yr Running Average 134.88% CDN$
*Revenue in M CDN $  P/S Med 20 yr  0.30 15 yr  0.30 10 yr  0.31 5 yr  0.29 -51.37% Diff M/C
-$71.7 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $460.2
-$167.0 $0.0 $0.0 $0.0 $0.0 $460.2
-$122.5 $0.0 $0.0 $0.0 $0.0 $0.0 $399.1
-$141.6 $0.0 $0.0 $0.0 $0.0 $399.1
-$6.51 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.16
-$4.59 $0.00 $0.00 $0.00 $0.00 $10.16
-$2.80 <-12 mths 44.21%
-$0.14 <-12 mths -27.27%
Adjusted Net Income  $2.3 $3.6 $1.4 $1.8 $5.7 $1.6 $6.3 $5.4 $25.0 $10.2 -$5.0 145.11% <-Total Growth 10 Adjusted Net Income  CDN$
Basic $0.10 $0.12 $0.04 $0.05 $0.16 $0.04 $0.17 $0.14 $0.57 $0.23 -$0.11 188.16% <-Total Growth 10 AEPS CDN$
AEPS* Dilued $0.10 $0.11 $0.04 $0.05 $0.16 $0.04 $0.17 $0.12 $0.55 $0.22 -$0.11 -$0.05 $0.04 188.16% <-Total Growth 10 AEPS CDN$
Increase 18.06% -65.88% 24.04% 220.49% -72.18% 288.68% -28.53% 358.33% -60.00% -150.00% 54.55% 180.00% 9 1 10 Years of Data, EPS P or N 90.00% CDN$
AEPS Yield 6.42% 4.40% 2.52% 5.05% 12.23% 2.79% 6.77% 3.93% 22.73% 3.96% -4.68% -3.23% 2.58% #NUM! <-IRR #YR-> 10 AEPS -213.43% CDN$
5 year Running Average $0.09 $0.08 $0.09 $0.11 $0.21 $0.22 $0.19 $0.15 $0.13 #NUM! <-IRR #YR-> 5 AEPS -354.64% CDN$
Payout Ratio 11.91% 66.67% 14.55% 36.36% -72.73% 0.00% 0.00% 13.04% <-IRR #YR-> 6 5 yr Running Average #DIV/0! CDN$
5 year Running Average 15.72% 18.62% 25.90% 11.35% 8.97% -4.36% 18.81% <-IRR #YR-> 5 5 yr Running Average 136.71% CDN$
Price/AEPS Median 23.63 47.37 25.39 9.73 31.83 10.69 27.50 4.58 12.70 -21.09 -36.20 0.00 18.17 <-Median-> 10 Price/AEPS Median CDN$
Price/AEPS High 27.51 65.29 30.96 14.04 35.88 14.83 34.50 5.71 15.14 -24.27 -47.40 0.00 21.33 <-Median-> 10 Price/AEPS High CDN$
Price/AEPS Low 19.74 29.44 19.82 5.41 27.78 6.55 20.50 3.45 10.27 -17.91 -25.00 0.00 15.01 <-Median-> 10 Price/AEPS Low CDN$
Price/AEPS Close 15.58 22.71 39.68 19.82 8.18 35.88 14.77 25.42 4.40 25.27 -21.36 -31.00 38.75 21.26 <-Median-> 10 Price/AEPS Close CDN$
Trailing P/AEPS Close 26.81 13.54 24.58 26.21 9.98 57.41 18.17 20.17 10.11 10.68 -14.09 -31.00 19.17 <-Median-> 10 Trailing P/AEPS Close CDN$
Median Values Historical   in order 18.17 21.33 15.01 19.82 P/AEPS 5 Yrs   in order 10.69 14.83 6.55 14.77 -389.97% Diff M/C DPR 75% to 95% best CDN$
EPS estimates  $0.19 $0.40 $0.24 -$0.02 EPS estimates 
Change 110.53% -40.00% -108.33% Change
Difference from actual 100.74% -1.50% 44.28% 94.57% Difference from actual
-$0.36 <-12 mths 1.41%
EPS Basic $0.07 $0.03 $0.00 -$0.06 $0.12 $0.03 $0.13 $0.10 $0.41 $0.17 -$0.38 118.38% <-Total Growth 10 EPS Basic Not covered US$
EPS Diluted* $0.07 $0.03 $0.00 -$0.06 $0.12 $0.03 $0.13 $0.09 $0.41 $0.17 -$0.37 -$0.33 $0.03 118.72% <-Total Growth 10 EPS Diluted in Q22 US$
Increase 0.00% -58.11% -104.28% -5055.94% 283.92% -73.74% 333.55% -29.11% 329.03% -59.04% -321.44% 11.27% 107.78% 7 3 10 Years of Data, EPS P or N US$
Earnings Yield 2.29% -0.13% -6.60% 10.26% 3.17% 7.07% 3.79% 25.38% 9.45% -22.56% -29.05% 2.26% #NUM! <-IRR #YR-> 10 Earnings per Share -634.13% US$
5 year Running Average $0.03 $0.02 $0.04 $0.06 $0.16 $0.17 $0.09 -$0.01 -$0.02 #NUM! <-IRR #YR-> 5 Earnings per Share -1295.99% US$
10 year Running Average $0.10 $0.05 $0.02 $0.02 19.28% <-IRR #YR-> 6 5 yr Running Average #DIV/0! US$
* Diluted ESP per share  E/P 10 Yrs 3.48% 5Yrs 7.07% 31.02% <-IRR #YR-> 5 5 yr Running Average 286.08% US$
-$0.07 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -$0.37
-$0.03 $0.00 $0.00 $0.00 $0.00 -$0.37
-$0.03 $0.00 $0.00 $0.00 $0.00 $0.00 $0.09
-$0.02 $0.00 $0.00 $0.00 $0.00 $0.09
-$0.50 <-12 mths 5.66%
EPS Basic $0.08 $0.04 -$0.002 -$0.08 $0.16 $0.04 $0.17 $0.13 $0.56 $0.23 -$0.54 114.81% <-Total Growth 10 EPS Basic Not covered CDN$
EPS Diluted* $0.08 $0.04 -$0.002 -$0.08 $0.16 $0.04 $0.17 $0.12 $0.55 $0.22 -$0.53 -$0.45 $0.035 115.09% <-Total Growth 10 EPS Diluted in Q22 CDN$
Increase 0.00% -50.00% -104.15% -4717.25% 300.00% -75.00% 325.00% -29.41% 358.33% -60.00% -340.91% 15.09% 107.78% 7 3 10 Years of Data, EPS P or N CDN$
Earnings Yield 1.54% -0.11% -8.33% 12.60% 2.58% 6.85% 3.93% 22.73% 3.96% -22.55% -29.03% 2.26% #NUM! <-IRR #YR-> 10 Earnings per Share -762.50% CDN$
5 year Running Average $0.04 $0.03 $0.06 $0.08 $0.21 $0.22 $0.11 -$0.02 -$0.04 #NUM! <-IRR #YR-> 5 Earnings per Share -1425.00% CDN$
10 year Running Average $0.13 $0.07 $0.02 $0.02 17.80% <-IRR #YR-> 6 5 yr Running Average #DIV/0! CDN$
* Diluted ESP per share  E/P 10 Yrs 3.26% 5Yrs 3.96% 27.33% <-IRR #YR-> 5 5 yr Running Average 234.72% CDN$
-$0.08 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -$0.53
-$0.04 $0.00 $0.00 $0.00 $0.00 -$0.53
-$0.04 $0.00 $0.00 $0.00 $0.00 $0.00 $0.11
-$0.03 $0.00 $0.00 $0.00 $0.00 $0.11
Dividend* $0.00 $0.00 $0.00 Estimates Dividend*
Increase 0.00% 0.00% 0.00% Estimates Increase
Payout Ratio EPS 0.00% 0.00% #DIV/0! Estimates Payout Ratio EPS
Special Dividends Paid in CDN$ $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 5 Special Dividends
Dividend* $0.02 $0.08 $0.08 $0.08 $0.08 $0.00 $0.00 $0.00 300.00% <-Total Growth 4 Dividends
Increase 0.00% 300.00% 0.00% 0.00% 0.00% -100.00% 0.00% 0.00% 1 0 4 Years of data, Count P, N 25.00%
5 year Increases 300.00% -100.00% -100.00% -100.00% 300.00% <-Median-> 1 5 year Increases % inc
Dividends 5 Yr Running $0.07 $0.06 $0.05 $0.03 #DIV/0! <-Total Growth 0 Dividends 5 Yr Running
Yield H/L Price 1.11% 2.42% 3.17% 2.86% 3.45% 2.86% <-Median-> 5 Yield H/L Price
Yield on High  Price 0.80% 1.93% 2.55% 2.40% 3.00% 2.40% <-Median-> 5 Yield on High  Price
Yield on Low Price 1.82% 3.25% 4.21% 3.54% 4.06% 3.54% <-Median-> 5 Yield on Low Price
Yield on Close Price 0.81% 2.62% 3.31% 1.44% 3.40% 0.00% 0.00% 0.00% 2.62% <-Median-> 5 Yield on Close Price
Payout Ratio EPS 11.76% 66.67% 14.55% 36.36% 0.00% 0.00% 0.00% #DIV/0! $0.15 <-Median-> 5 DPR EPS
DPR EPS 5 Yr Running 0.00% 0.00% #DIV/0! #NUM! <-Median-> 0 DPR EPS 5 Yr Running
Payout Ratio CFPS 4.64% 26.49% 8.30% 9.52% 14.09% 0.00% #VALUE! #DIV/0! $0.10 <-Median-> 5 DPR CF
DPR CF 5 Yr Running 0.00% 0.00% 0.00% 0.00% 10.95% 9.62% #VALUE! #DIV/0! $0.00 <-Median-> 5 DPR CF 5 Yr Running
Payout Ratio CFPS WC 3.40% 13.35% 7.67% 6.82% 9.21% 0.00% #VALUE! #DIV/0! $0.08 <-Median-> 5 DPR CF WC
DPR CF WC 5 Yr Running 7.96% 7.38% #VALUE! #DIV/0! $0.08 <-Median-> 1 DPR CF WC 5 Yr Running
Median Values 10 Yr Med 10 Yr Cl 2.86% 2.62% 5 Yr Med 5 Yr Cl 2.86% 2.62% 5 Yr Med Payout 14.55% 9.52% 7.67% 0.00% <-IRR #YR-> 4 Dividends #DIV/0!
* Dividends per share  10 Yr Med and Cur. -100.00% -100.00% 5 Yr Med and Cur. -100.00% -100.00% Last Div Inc ---> $0.02 $0.02 0.00% 0.00% <-IRR #YR-> 4 Dividends #DIV/0!
Dividends Growth 5 -$0.08 $0.00 $0.00 $0.00 $0.08 Dividends Growth 5
Dividends Growth 10 -$0.08 $0.00 $0.00 $0.00 $0.08 Dividends Growth 10
Historical Dividends Historical High Div 3.54% Low Div 2.40% 10 Yr High 3.54% 10 Yr Low 2.40% Med Div 2.86% Close Div 2.62% Historical Dividends
High/Ave/Median Values Curr diff Exp. -100.00% #DIV/0! #DIV/0! Exp. -100.00% -100.00% Exp. -100.00% Exp. -100.00% High/Ave/Median 
Future Dividend Yield Div Yield $0.00 earning in 5 Years at IRR of 0.00% Div Inc. #DIV/0! Future Dividend Yield
Future Dividend Yield Div Yield 0.00% earning in 10 Years at IRR of 0.00% Div Inc. #DIV/0! Future Dividend Yield
Future Dividend Yield Div Yield 0.00% earning in 15 Years at IRR of 0.00% Div Inc. #DIV/0! Future Dividend Yield
Future Dividend Paid Div Paid $0.00 earning in 5 Years at IRR of 0.00% Div Inc. #DIV/0! Future Dividend Paid
Future Dividend Paid Div Paid $0.00 earning in 10 Years at IRR of 0.00% Div Inc. #DIV/0! Future Dividend Paid
Future Dividend Paid Div Paid $0.00 earning in 15 Years at IRR of 0.00% Div Inc. #DIV/0! Future Dividend Paid
Dividend Covering Cost Total Div $0.00 over 5 Years at IRR of 0.00% Div Cov. 0.00% Dividend Covering Cost
Dividend Covering Cost Total Div $0.00 over 10 Years at IRR of 0.00% Div Cov. 0.00% Dividend Covering Cost
Dividend Covering Cost Total Div $0.00 over 15 Years at IRR of 0.00% Div Cov. 0.00% Dividend Covering Cost
Yield if held 5 years 0.74% 4.32% 6.50% 5.30% 5.82% 0.00% 0.00% 0.00% 5.30% <-Median-> 5 Paid Median Price
Yield if held 10 years 0.00% 0.00% 0.00% #NUM! <-Median-> 0 Paid Median Price
Yield if held 15 years #DIV/0! #NUM! <-Median-> 0 Paid Median Price Item Cur
EPS 0.00%
Cost covered if held 5 years 0.74% 5.41% 14.63% 17.22% 24.73% 17.83% 7.27% 6.35% 14.63% <-Median-> 5 Paid Median Price AEPS -72.73%
Cost covered if held 10 years 12.57% 18.38% 27.64% #NUM! <-Median-> 0 Paid Median Price CFPS 9.21%
Cost covered if held 15 years #DIV/0! #NUM! <-Median-> 0 Paid Median Price FCF  26.43%
Yr  Item Tot. Growth Per Year
Revenue Growth  $167.0 $200.7 $399.4 $496.4 $438.7 $460.2 $470.1 <-12 mths 2.14% 175.55% <-Total Growth 5 Revenue Growth  175.55% 22.47%
AOI Growth $0.04 $0.17 $0.12 $0.55 $0.22 -$0.11 -$0.14 <-12 mths -27.27% -354.64% <-Total Growth 5 AOI Growth -354.64% N/C
Net Income Growth $1.6 $6.3 $5.0 $24.9 $10.2 $24.0 $25.4 <-12 mths 5.57% 1414.99% <-Total Growth 5 Net Income Growth 1414.99% 72.22%
Cash Flow Growth $18.8 $15.8 $13.3 $43.5 $37.6 $25.7 $30.4 <-12 mths 18.21% 36.35% <-Total Growth 5 Cash Flow Growth 36.35% 6.40%
Dividend Growth $0.08 $0.08 $0.08 $0.08 $0.08 $0.00 <-12 mths -100.00% 0.00% <-Total Growth 4 Dividend Growth 0.00% 0.00%
Stock Price Growth $1.55 $2.48 $3.05 $2.42 $5.56 $2.35 $1.55 <-12 mths -34.04% 51.61% <-Total Growth 5 Stock Price Growth 51.61% 8.68%
Revenue Growth  $71.7 $110.0 $116.6 $129.6 $184.8 $167.0 $200.7 $399.4 $496.4 $438.7 $460.2 $471.4 <-this year 2.42% 541.57% <-Total Growth 10 Revenue Growth  <-Total Growth #VALUE!
AOI Growth $0.10 $0.11 $0.04 $0.05 $0.16 $0.04 $0.17 $0.12 $0.55 $0.22 -$0.11 -$0.05 <-this year 54.55% -213.43% <-Total Growth 10 AOI Growth -213.43% N/C
Net Income Growth $2.0 $1.2 -$0.1 -$3.1 $5.8 $1.6 $6.3 $5.0 $24.9 $10.2 $24.0 -$2.0 <-this year -108.12% 1117.42% <-Total Growth 10 Net Income Growth 1117.42% 32.01%
Cash Flow Growth $2.4 $9.8 $10.3 $9.8 $18.1 $18.8 $15.8 $13.3 $43.5 $37.6 $25.7 $30.4 <-this year 18.21% 950.09% <-Total Growth 10 Cash Flow Growth 950.09% 29.86%
Dividend Growth $0.08 $0.08 $0.08 $0.08 $0.08 $0.0 <-this year -100.00% 0.00% <-Total Growth 4 Dividend Growth 0.00% 0.00%
Stock Price Growth $1.51 $2.60 $1.55 $0.96 $1.27 $1.55 $2.48 $3.05 $2.42 $5.56 $2.35 $1.55 <-this year -34.04% 55.50% <-Total Growth 10 Stock Price Growth 55.50% 5.03%
Dividends on Shares $0.00 $0.00 $0.00 $0.00 $0.00 $13.24 $52.96 $52.96 $52.96 $52.96 $0.00 $0.00 $0.00 $225.08 No of Years 10 Total Divs 12/31/16
Paid  $1,000.48 $1,721.20 $1,026.10 $635.52 $840.74 $1,026.10 $1,641.76 $2,019.10 $1,602.04 $3,679.79 $1,555.70 $1,026.10 $1,026.10 $2,101.85 $1,555.70 No of Years 10 Worth $1.51 661.68
Total $1,780.78
Graham Number AEPS $1.16 $1.55 $0.92 $0.99 $1.93 $1.04 $2.20 $2.13 $5.19 $3.40 $1.26 $1.25 $1.25 $0.00 9.07% <-Total Growth 10 Graham Number AEPS
Increase 34.52% -40.63% 7.47% 94.55% -46.01% 111.17% -3.37% 144.13% -34.50% -62.93% -1.20% 0.00% -100.00% 2.05% <-Median-> 10 Increase
Price/GP Ratio Med 0.00 1.74 2.00 1.24 0.78 1.32 0.82 1.55 0.49 0.82 1.84 1.45 1.28 <-Median-> 10 Price/GP Ratio Med
Price/GP Ratio High 0.00 2.03 2.76 1.51 1.13 1.49 1.13 1.95 0.60 0.98 2.12 1.90 1.50 <-Median-> 10 Price/GP Ratio High
Price/GP Ratio Low 0.00 1.45 1.25 0.97 0.44 1.15 0.50 1.16 0.37 0.66 1.56 1.00 1.06 <-Median-> 10 Price/GP Ratio Low
Price/GP Ratio Close 1.31 1.67 1.68 0.97 0.66 1.49 1.13 1.43 0.47 1.64 1.86 1.24 1.24 #DIV/0! 1.46 <-Median-> 10 Price/GP Ratio Close
Prem/Disc Close 30.79% 67.26% 67.95% -3.22% -34.19% 48.77% 12.73% 43.47% -53.37% 63.50% 86.47% 24.48% 24.48% #DIV/0! 46.12% <-Median-> 10 Graham Price
Graham Number EPS $1.05 $0.92 $0.93 $1.80 $1.96 $1.00 $2.21 $2.13 $5.19 $3.40 $1.18 $1.16 $1.16 $0.00 12.33% <-Total Growth 10 Graham Number EPS
Increase -12.45% 1.65% 93.00% 8.68% -48.82% 120.81% -3.97% 144.13% -34.50% -65.32% -1.20% 0.00% -100.00% -1.16% <-Median-> 10 Increase
Price/GP Ratio Med 0.00 2.94 1.98 0.68 0.77 1.37 0.81 1.55 0.49 0.82 1.97 1.55 1.10 <-Median-> 10 Price/GP Ratio Med
Price/GP Ratio High 0.00 3.43 2.73 0.83 1.11 1.55 1.12 1.95 0.60 0.98 2.26 2.03 1.34 <-Median-> 10 Price/GP Ratio High
Price/GP Ratio Low 0.00 2.46 1.23 0.53 0.43 1.20 0.50 1.16 0.37 0.66 1.67 1.07 0.91 <-Median-> 10 Price/GP Ratio Low
Price/GP Ratio Close 1.44 2.83 1.66 0.53 0.65 1.55 1.12 1.43 0.47 1.64 1.99 1.33 1.33 #DIV/0! 1.49 <-Median-> 10 Price/GP Ratio Close
Prem/Disc Close 44.00% 182.97% 65.96% -46.74% -35.17% 54.61% 12.03% 43.47% -53.37% 63.50% 99.34% 33.08% 33.08% #DIV/0! 49.04% <-Median-> 10 Graham Price
Based on EPS 3 Yrs EPS $0.90 $0.90 $0.81 $1.07 $2.16 $2.32 $3.84 $3.43 $1.76 #NUM! #NUM! 283.47% <-Total Growth 7 Based on EPS 3 Yrs EPS
Increase 0.00% -9.50% 32.57% 100.71% 7.69% 65.24% -10.51% -48.69% #NUM! #NUM! 7.69% <-Median-> 7 Increase
Price/GP Ratio Med 1.37 1.69 1.70 1.67 1.53 1.09 0.73 0.68 1.03 145.27% <-Median-> 8 Price/GP Ratio Med
Price/GP Ratio High 1.68 2.44 1.91 2.32 1.92 1.35 0.87 0.78 1.35 1.79 <-Median-> 8 Price/GP Ratio High
Price/GP Ratio Low 1.07 0.94 1.48 1.02 1.14 0.82 0.59 0.57 0.71 0.98 <-Median-> 8 Price/GP Ratio Low
Price/GP Ratio Close 1.07 1.42 1.91 2.31 1.42 1.04 1.45 0.68 0.88 #NUM! #NUM! 1.42 <-Median-> 8 Price/GP Ratio Close
Prem/Disc Close 7.26% 41.89% 91.35% 130.95% 41.52% 4.26% 44.93% -31.53% -11.98% #NUM! #NUM! 0.42 <-Median-> 8 Graham Price
Month, Year CDN$ Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Dec-26 Dec-27 9.00 <Count Years> Month, Year CDN$
Price Close $1.51 $2.60 $1.55 $0.96 $1.27 $1.55 $2.48 $3.05 $2.42 $5.56 $2.35 $1.55 $1.55 $3.18 55.50% <-Total Growth 10 Stock Price CDN$
Increase 72.04% -40.38% -38.06% 32.29% 22.05% 60.00% 22.98% -20.66% 129.69% -57.72% -34.04% 0.00% 104.84% 34.56 <-Median-> 10 CAPE (10 Yr P/E) CDN$
P/E Ratio 65.00 -933.34 -12.00 7.94 38.75 14.59 25.42 4.40 25.27 -4.43 -3.44 44.29 #DIV/0! 8.68% <-IRR #YR-> 5 Stock Price 51.61% CDN$
Trailing P/E Ratio 32.50 38.75 -578.07 -15.88 9.69 62.00 17.94 20.17 10.11 10.68 -2.92 -3.44 90.71 4.51% <-IRR #YR-> 10 Stock Price 55.50% CDN$
CAPE (10 Yr P/E) 34.56 114.64 96.76 #DIV/0! 12.28% <-IRR #YR-> 5 Price & Dividend 1225.74% CDN$
Median 10, 5 Yrs D.  per yr 1.56% 3.60% % Tot Ret 25.70% 29.31% T P/E $14.31 $17.94 P/E:  $11.26 $14.59 -134.45% Diff M/C 6.07% <-IRR #YR-> 10 Price & Dividend 721.72% CDN$
CAPE Diff -109.97% #DIV/0!
Price  5 -$1.55 $0.00 $0.00 $0.00 $0.00 $2.35 Price  5
Price 10 -$1.51 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.35 Price 10
Price & Dividend 5 -$1.55 $0.02 $0.08 $0.08 $0.08 $2.43 Price & Dividend 5
Price & Dividend 10 -$1.51 $0.00 $0.00 $0.00 $0.00 $0.00 $0.02 $0.08 $0.08 $0.08 $2.43 Price & Dividend 10
Price H/L Median CDN$ $2.71 $1.85 $1.23 $1.51 $1.38 $1.80 $3.30 $2.52 $2.80 $2.32 $1.81 -14.23% <-Total Growth 9 Stock Price CDN$
Increase -31.61% -33.51% 22.76% -8.94% 30.55% 83.84% -23.64% 10.91% -16.99% -21.98% 11.03% <-IRR #YR-> 5 Stock Price 68.73% CDN$
P/E Ratio 67.63 -1113.99 -15.38 9.44 34.38 10.56 27.50 4.58 12.70 -4.38 -4.02 -1.69% <-IRR #YR-> 9 Stock Price #DIV/0! CDN$
Trailing P/E Ratio 33.81 46.25 -740.65 -18.88 8.59 44.88 19.41 21.00 5.08 10.55 -3.42 14.90% <-IRR #YR-> 5 Price & Dividend 93.45% CDN$
P/E on Running 5 yr Average 43.42 31.13 40.24 12.12 12.70 21.89 -100.56 -0.19% <-IRR #YR-> 9 Price & Dividend #DIV/0! CDN$
P/E on Running 10 yr Average 33.70 91.26 10.00 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs D.  per yr 3.87% 1.50% % Tot Ret 25.98% -787.12% T P/E 14.98 19.41 P/E:  10.00 10.56 Count 9 Years of data CDN$
-$1.38 $0.00 $0.00 $0.00 $0.00 $2.32
-$2.71 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.32
-$1.38 $0.02 $0.08 $0.08 $0.08 $2.40
-$2.71 $0.00 $0.00 $0.00 $0.00 $0.02 $0.08 $0.08 $0.08 $2.40
High Months CDN$ Jun Jan Jan Aug Jan/Dec Dec May Jan Apr Mar Jan
Price High $3.15 $2.55 $1.50 $2.18 $1.55 $2.49 $4.14 $3.14 $3.33 $2.67 $2.37 -15.24% <-Total Growth 9 Stock Price CDN$
Increase -19.05% -41.18% 45.33% -28.90% 60.65% 66.27% -24.15% 6.05% -19.82% -11.24% 11.49% <-IRR #YR-> 5 Stock Price 72.26% CDN$
P/E Ratio 78.75 -1535.50 -18.75 13.63 38.75 14.65 34.50 5.71 15.14 -5.04 -5.27 -1.82% <-IRR #YR-> 9 Stock Price #DIV/0! CDN$
Trailing P/E Ratio 39.38 63.75 -903.24 -27.25 9.69 62.25 24.35 26.17 6.05 12.14 -4.47 14.14 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs T P/E 18.24 24.35 P/E:  14.14 14.65 37.90 P/E Ratio Historical High CDN$
-$1.55 $0.00 $0.00 $0.00 $0.00 $2.67
-$3.15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.67
Low Months CDN$ May Dec Dec Feb May Apr Dec Jul Feb Aug Nov
Price Low $2.26 $1.15 $0.96 $0.84 $1.20 $1.10 $2.46 $1.90 $2.26 $1.97 $1.25 -12.83% <-Total Growth 9 Stock Price CDN$
Increase -49.12% -16.52% -12.50% 42.86% -8.33% 123.64% -22.76% 18.95% -12.83% -36.55% 10.42% <-IRR #YR-> 5 Stock Price 64.17% CDN$
P/E Ratio 56.50 -692.48 -12.00 5.25 30.00 6.47 20.50 3.45 10.27 -3.72 -2.78 -1.51% <-IRR #YR-> 9 Stock Price #DIV/0! CDN$
Trailing P/E Ratio 28.25 28.75 -578.07 -10.50 7.50 27.50 14.47 15.83 4.11 8.95 -2.36 5.86 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs T P/E 11.71 14.47 P/E:  5.86 6.47 -10.34 P/E Ratio Historical Low CDN$
-$2.26 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.97
Price US$ using Exchange Rate $1.88 $1.15 $0.77 $0.93 $1.19 $1.95 $2.41 $1.79 $4.20 $1.63 $1.13 $1.13 $2.31
Month, Year US$ Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Dec-26 Dec-27 9.00 <Count Years> Month, Year US$
Price Close $1.26 $0.97 $0.97 $1.14 $0.97 $1.89 $2.50 $1.60 $1.76 $1.63 $1.13 $1.13 $1.13 29.56% <-Total Growth 9 Stock Price US$
Increase -23.23% -0.18% 18.33% -14.94% 94.29% 32.39% -36.00% 10.00% -7.24% -31.09% 0.00% 0.00% #NUM! <-Median-> 9 CAPE (10 Yr P/E) US$
P/E Ratio 43.62 -782.08 -15.14 9.74 31.56 14.14 26.41 3.94 10.58 -4.43 -3.44 44.26 #DIV/0! 10.93% <-IRR #YR-> 5 Stock Price 51.51% US$
Trailing P/E Ratio 18.27 33.49 -780.70 -17.92 8.29 61.31 18.72 3.94 10.58 -4.43 -3.44 44.26 #DIV/0! 2.92% <-IRR #YR-> 9 Stock Price #DIV/0! US$
CAPE (10 Yr P/E) 77.20 68.37 #DIV/0! 15.05% <-IRR #YR-> 5 Price & Dividend -203.35% US$
Median 10, 5 Yrs D.  per yr 1.80% 4.13% % Tot Ret 38.09% 27.40% T P/E $9.43 $10.58 P/E:  $10.16 $10.58 -146.35% Diff M/C 4.72% <-IRR #YR-> 9 Price & Dividend #DIV/0! US$
CAPE Diff #NUM!
Price  5 -$0.97 $0.00 $0.00 $0.00 $0.00 $1.63 Price  5
Price 10 -$1.26 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.63 Price 10
Price & Dividend 5 -$0.97 $0.02 $0.06 $0.06 $0.06 $1.69 Price & Dividend 5
Price & Dividend 10 -$1.26 $0.00 $0.00 $0.00 $0.00 $0.02 $0.06 $0.06 $0.06 $1.69 Price & Dividend 10
Price H/L Median US$ $1.11 $0.93 $1.23 $0.61 $0.99 $2.71 $2.06 $2.08 $1.51 $1.20 35.59% <-Total Growth 8 Stock Price
Increase -16.69% 32.37% -50.50% 63.14% 173.27% -24.17% 1.21% -27.40% -20.53% 19.96% <-IRR #YR-> 5 Stock Price 148.42% US$
P/E Ratio -900.40 -14.55 10.47 19.74 7.43 28.63 5.06 12.50 -4.10 -3.67 3.88% <-IRR #YR-> 8 Stock Price #DIV/0! US$
Trailing P/E Ratio 38.55 -750.14 -19.26 5.18 32.20 20.30 21.71 5.12 9.08 -3.26 25.58% <-IRR #YR-> 5 Price & Dividend 2003.72% US$
P/E on Running 5 yr Average 43.36 13.13 12.51 17.47 -213.65 6.12% <-IRR #YR-> 8 Price & Dividend #DIV/0! US$
P/E on Running 10 yr Average 7.43 P/E Ratio Historical Median US$
Median 10, 5 Yrs D.  per yr 5.62% 2.24% % Tot Ret 21.98% 36.66% T P/E 9.08 20.30 P/E:  7.43 7.43 Count 8 Years of data US$
-$0.61 $0.00 $0.00 $0.00 $0.00 $1.51
-$1.11 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.51
-$0.61 $0.02 $0.06 $0.06 $0.06 $1.57
-$1.11 $0.00 $0.00 $0.00 $0.02 $0.06 $0.06 $0.06 $1.57
High Months US$ May  Oct Aug Mar Dec May Jan Apr Mar Jan
Price High $1.26 $0.97 $1.59 $1.12 $1.89 $3.42 $2.50 $2.49 $1.91 $1.65 51.59% <-Total Growth 8 Stock Price US$
Increase -23.37% 64.66% -29.52% 68.49% 81.10% -26.90% -0.46% -23.24% -13.61% 11.25% <-IRR #YR-> 5 Stock Price 70.43% US$
P/E Ratio -1018.73 -15.14 13.56 36.39 14.14 36.13 6.16 14.96 -5.19 -5.05 5.34% <-IRR #YR-> 8 Stock Price #DIV/0! US$
Trailing P/E Ratio 43.62 -780.70 -24.93 9.56 61.31 25.61 26.41 6.13 11.48 -4.48 13.56 P/E Ratio Historical Median US$
Median 10, 5 Yrs T P/E 11.48 25.61 P/E:  13.56 14.14 36.13 P/E Ratio Historical High US$
-$1.12 $0.00 $0.00 $0.00 $0.00 $1.91
-$1.26 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.91
Low Months US$ Nov  Aug Mar Aug Aug Dec Jul Jan  Jun Mar
Price Low $0.97 $0.89 $0.87 $0.10 $0.10 $2.00 $1.61 $1.67 $1.11 $0.75 14.75% <-Total Growth 8 Stock Price US$
Increase -7.99% -2.67% -89.03% 0.00% 2005.26% -19.50% 3.81% -33.58% -32.43% 63.50% <-IRR #YR-> 5 Stock Price 1068.42% US$
P/E Ratio -782.08 -13.96 7.39 3.08 0.71 21.13 3.96 10.05 -3.01 -2.29 1.73% <-IRR #YR-> 8 Stock Price #DIV/0! US$
Trailing P/E Ratio 33.49 -719.58 -13.58 0.81 3.08 14.98 17.01 4.12 6.67 -2.04 3.08 P/E Ratio Historical Median US$
Median 10, 5 Yrs T P/E 4.12 6.67 P/E:  3.08 3.96 -782.08 P/E Ratio Historical Low US$
-$0.97 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.11
Free Cash Flow Mkt Sc $15.78 $12.65 -$27.06 -$41.40 $13.59 $34.80 $25.00 <-Total Growth 4 Free Cash Flow Mkt Sc
Change -19.84% -313.91% -52.99% 132.83% 156.07% -28.16% -36.41% <-Median-> 4 Change
$27 <-12 mths 100.10%
Free Cash Flow WSJ $2.01 $5.12 -$0.80 $8.36 $13.27 $17.71 $15.78 $12.65 -$27.1 -$41.4 $13.6 $34.8 $25.0 576.22% <-Total Growth 10 Free Cash Flow WSJ &
Change 154.73% -115.63% 1145.00% 58.73% 33.46% -10.90% -19.83% -313.88% -53.02% 132.83% 156.03% -28.16% -5.16% <-IRR #YR-> 5 Free Cash Flow MS -23.25% Mkt Sc
FCF/CF from Op Ratio 0.82 0.52 -0.08 0.86 0.73 0.94 1.00 0.95 -0.62 -1.10 0.53 1.15 #VALUE! 21.06% <-IRR #YR-> 10 Free Cash Flow MS 576.22% Agree
Dividends paid $0.73 $3.37 $3.58 $3.60 $3.59 $0.00 $0.00 389.78% <-Total Growth 4 Dividends paid
Percentage paid 4.65% 26.67% -13.23% -8.69% 26.43% 0.00% 0.00% 4.65% <-Median-> 5 Percentage paid
5 Year Coverage 6.06% 23.76% -50.56% -56.27% -190.62% 218.50% 5 Year Coverage
Dividend Coverage Ratio 21.52 3.75 -7.56 -11.51 3.78 0.00 0.00 3.75 <-Median-> 5 Dividend Coverage Ratio
5 Year of Coverage 74.07 16.50 4.21 -1.98 -1.78 -0.52 0.46 5 Year of Coverage
Market Cap in $M $16.7 $94.3 $58.0 $34.7 $46.6 $56.4 $91.1 $134.3 $109.2 $248.9 $106.4 $72.0 $72.0 $147.4 538.44% <-Total Growth 10 Market Cap 538.44%
Diluted # of Shares in Million 23.32 31.44 36.87 37.28 36.48 36.69 37.32 41.34 45.19 45.54 45.59 46.07 46.07 46.07 95.51% <-Total Growth 10 Diluted # of Shares in Million
Change 34.84% 17.29% 1.10% -2.15% 0.59% 1.70% 10.77% 9.31% 0.78% 0.10% 1.05% 0.00% 0.00% 6.93% <-IRR #YR-> 10 Change
Difference Diluted/Basic 0.0% -1.7% 0.0% 0.0% -0.6% -1.3% -3.4% -3.5% -2.4% -2.5% -2.6% -2.1% -2.1% -2.1% 4.44% <-IRR #YR-> 5 Difference Diluted/Basic
Basic # of Shares in Millions 23.32 30.92 36.87 37.28 36.26 36.21 36.06 39.89 44.10 44.42 44.38 45.08 45.08 45.08 90.33% <-Total Growth 10 Basic
Change 32.60% 19.27% 1.10% -2.74% -0.12% -0.43% 10.62% 10.56% 0.71% -0.08% 1.58% 0.00% 0.00% 0.91% <-Median-> 10 Change
Difference Basic/Outstanding -52.70% 17.31% 1.39% -3.00% 1.09% 0.39% 1.89% 10.40% 2.32% 0.81% 2.03% 3.01% 3.01% 3.01% 1.64% <-Median-> 10 Difference Basic/Outstanding
$30.381 <-12 mths 18.21%
# of Share in Millions 10.763 11.028 36.268 37.389 36.162 36.655 36.358 36.739 44.038 45.123 44.775 45.279 46.437 46.437 46.437 310.58% <-Total Growth 10 Shares 310.58%
Change 2.46% 228.87% 3.09% -3.28% 1.37% -0.81% 1.05% 19.87% 2.46% -0.77% 1.13% 2.56% 0.00% 0.00% 4.49% <-IRR #YR-> 5 Shares 24.54%
Cash Flow from Operations $M $2.448 $9.822 $10.322 $9.763 $18.055 $18.850 $15.843 $13.301 $43.471 $37.607 $25.701 $30.381 <-12 mths 15.17% <-IRR #YR-> 10 Shares
Increase 301.32% 5.09% -5.42% 84.94% 4.40% -15.95% -16.05% 226.83% -13.49% -31.66% 18.21% <-12 mths Options Stock Issue Share repurchase
5 year Running Average $10.1 $13.4 $14.6 $15.2 $21.9 $25.8 $27.2 $30.1 <-12 mths 169.64% <-Total Growth 6 CF 5 Yr Running
CFPS $0.22 $0.27 $0.28 $0.27 $0.49 $0.52 $0.43 $0.30 $0.96 $0.84 $0.57 $0.65 <-12 mths 155.76% <-Total Growth 10 Cash Flow per Share
Increase 22.03% 1.94% -2.21% 82.45% 5.26% -16.82% -29.96% 218.97% -12.82% -32.42% 15.26% <-12 mths 26.51% <-IRR #YR-> 10 Cash Flow 950.09%
5 year Running Average $0.31 $0.37 $0.40 $0.40 $0.54 $0.61 $0.62 $0.67 <-12 mths 6.40% <-IRR #YR-> 5 Cash Flow 36.35%
P/CF on Med Price 0.00 9.99 6.70 4.56 3.07 2.65 4.16 10.93 2.62 3.33 4.09 2.77 <-12 mths 9.85% <-IRR #YR-> 10 Cash Flow per Share 155.76%
P/CF on Closing Price 6.81 9.60 5.61 3.56 2.58 2.99 5.75 10.10 2.51 6.62 4.14 2.37 <-12 mths 1.83% <-IRR #YR-> 5 Cash Flow per Share 9.48%
-42.56% Diff M/C 12.50% <-IRR #YR-> 6 CFPS 5 yr Running #DIV/0!
$39.60 <-12 mths 0.74%
Excl.Working Capital CF $3.986 $3.344 -$0.183 $2.873 $4.727 -$0.127 $5.757 $13.096 $3.563 $14.892 $13.612 $0.000 <-12 mths 11.17% <-IRR #YR-> 5 CFPS 5 yr Running 69.82%
Cash Flow from Operations $M WC $6.434 $13.167 $10.139 $12.635 $22.782 $18.723 $21.600 $26.397 $47.034 $52.499 $39.313 $30.381 <-12 mths 511.03% <-Total Growth 10 Cash Flow less WC
Increase 104.64% -23.00% 24.62% 80.30% -17.82% 15.37% 22.21% 78.18% 11.62% -25.12% -22.72% <-12 mths 19.84% <-IRR #YR-> 10 Cash Flow less WC 511.03%
5 year Running Average $13.031 $15.489 $17.176 $20.427 $27.307 $33.251 $37.369 $39.125 <-12 mths 15.99% <-IRR #YR-> 5 Cash Flow less WC 109.98%
CFPS Excl. WC $0.58 $0.36 $0.27 $0.35 $0.62 $0.51 $0.59 $0.60 $1.04 $1.17 $0.87 $0.65 <-12 mths 19.19% <-IRR #YR-> 6 CF less WC 5 Yr Run #DIV/0!
Increase -37.77% -25.30% 28.85% 77.87% -17.14% 14.17% 1.95% 73.89% 12.49% -25.95% -24.65% <-12 mths 19.26% <-IRR #YR-> 5 CF less WC 5 Yr Run 141.26%
5 year Running Average $0.44 $0.42 $0.47 $0.53 $0.67 $0.78 $0.85 $0.87 <-12 mths 4.06% <-IRR #YR-> 10 CFPS - Less WC 48.82%
P/CF on Median Price 0.00 7.45 6.82 3.52 2.43 2.67 3.05 5.51 2.42 2.38 2.67 2.77 <-12 mths 11.01% <-IRR #YR-> 5 CFPS - Less WC 68.60%
P/CF on Closing Price 2.59 7.16 5.72 2.75 2.04 3.01 4.22 5.09 2.32 4.74 2.71 2.37 <-12 mths 11.79% <-IRR #YR-> 6 CFPS 5 yr Running #DIV/0!
*Operational Cash Flow. CF/-WC P/CF Med 10 yr 4.12 5 yr  4.09 P/CF Med 10 yr 2.86 5 yr  2.67 -17.24% Diff M/C 15.03% <-IRR #YR-> 5 CFPS 5 yr Running 101.43%
-$0.22 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.57 Cash Flow per Share
-$0.52 $0.00 $0.00 $0.00 $0.00 $0.57 Cash Flow per Share
-$0.31 $0.00 $0.00 $0.00 $0.00 $0.00 $0.62 CFPS 5 yr Running
-$0.37 $0.00 $0.00 $0.00 $0.00 $0.62 CFPS 5 yr Running
-$6.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $39.3 Cash Flow less WC
-$18.7 $0.0 $0.0 $0.0 $0.0 $39.3 Cash Flow less WC
-$13.0 $0.0 $0.0 $0.0 $0.0 $0.0 $37.4 CF less WC 5 Yr Run
-$15.5 $0.0 $0.0 $0.0 $0.0 $37.4 CF less WC 5 Yr Run
-$0.58 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.87 CFPS - Less WC
-$0.51 $0.00 $0.00 $0.00 $0.00 $0.87 CFPS - Less WC
For banks, use Net Income, not CF
OPM Ratio 3.41% 8.93% 8.86% 7.53% 9.77% 11.29% 7.89% 3.33% 8.76% 8.57% 5.58% 6.44% 63.68% <-Total Growth 10 OPM
Increase 161.72% -0.83% -14.93% 29.67% 15.52% -30.07% -57.81% 163.00% -2.11% -34.86% 15.41% Should increase  or be stable.
Diff from Median -60.6% 3.0% 2.2% -13.1% 12.7% 30.2% -8.9% -61.6% 1.1% -1.1% -35.6% -25.6% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 8.67% 5 Yrs 7.89% should be  zero, it is a   check on calculations
$39.40 <-12 mths -6.03%
EBITDA $6.46 $11.70 $3.10 $3.50 $24.08 $18.45 $23.09 $31.30 $60.69 $52.94 $41.93 $37.60 $43.20 549.07% <-Total Growth 10 EBITDA
Change 81.11% -73.50% 12.90% 588.13% -23.38% 25.14% 35.55% 93.87% -12.78% -20.79% -10.33% 14.89% 19.02% <-Median-> 10 Change Type Year End
Margin Net Revenue 9.01% 10.64% 2.66% 2.70% 13.03% 11.05% 11.50% 7.84% 12.23% 12.07% 9.11% 7.98% 8.71% 10.84% <-Median-> 10 Margin Net Revenue Lg Term R 1.05
Intang/GW 0.00
EBIT Mkt Sc $9.76 $10.93 $34.47 $20.32 $8.65 $9.30 $13.97 <-Total Growth 4 EBIT Mkt Sc Liquidity 0.85
Change 11.96% 215.37% -41.05% -57.45% 7.56% 50.22% -14.54% <-Median-> 4 Change Liq. + CF 1.19
Margin Net Revenue 2.74% 6.94% 4.63% 1.88% 1.97% 2.82% 3.68% <-Median-> 4 Margin Net Revenue Debt Ratio 1.36
Leverage 3.75
Long Term Debt $5.00 $16.71 $19.18 $16.88 $16.53 $13.49 $12.46 $23.75 $84.08 $133.35 $111.40 $82.47 2127.44% <-Total Growth 10 Debt D/E Ratio 2.75
Change 0.00% 234.14% 14.80% -12.04% -2.02% -18.44% -7.64% 90.67% 254.00% 58.61% -16.46% -25.97% 6.39% <-Median-> 10 Change
Debt/Market Cap Ratio 0.30 0.18 0.33 0.49 0.36 0.24 0.14 0.18 0.77 0.54 1.05 1.15 0.34 <-Median-> 10 Debt/Market Cap Ratio
Assets/Current Liabilities Ratio 1.63 3.83 3.37 2.64 2.80 3.78 3.87 2.42 3.54 3.61 2.98 2.47 3.46 <-Median-> 10 Assets/Current Liab Ratio
Debt to Cash Flow (Years) 2.04 1.70 1.86 1.73 0.92 0.72 0.79 1.79 1.93 3.55 4.33 2.71 1.76 <-Median-> 10 Debt to Cash Flow (Years)
Intangibles $0.840 $0.840 $0.718 $1.543 $1.314 $1.086 $0.857 $6.690 $5.382 $13.112 $0.000 $0.000 #DIV/0! <-Total Growth 10 Intangibles Customer Lists
Goodwill $2.699 $4.516 $4.516 $1.968 $1.968 $1.968 $1.968 $3.543 $4.335 $7.970 $0.000 $0.000 #DIV/0! <-Total Growth 10 Goodwill
Total $3.538 $5.356 $5.234 $3.511 $3.283 $3.054 $2.825 $10.233 $9.717 $21.082 $0.000 $0.000 #DIV/0! <-Total Growth 10 Total
Change 0.00% 51.36% -2.27% -32.92% -6.51% -6.96% -7.49% 262.19% -5.04% 116.96% -100.00% 0.00% -5.78% <-Median-> 10 Change
Intangible/Market Cap Ratio 0.21 0.06 0.09 0.10 0.07 0.05 0.03 0.08 0.09 0.08 0.00 0.00 0.07 <-Median-> 10 Intangible/Market Cap Ratio
Current Assets $21.850 $21.092 $25.885 $29.022 $32.735 $30.829 $44.516 $100.508 $110.921 $79.461 $85.063 $98.567 289.31% <-Total Growth 10 Current Assets
Current Liabilities $25.887 $22.892 $33.257 $43.248 $40.225 $35.778 $35.880 $96.382 $79.452 $98.689 $100.664 $115.862 288.87% <-Total Growth 10 Current Liabilities
Liquidity Ratio 0.84 0.92 0.78 0.67 0.81 0.86 1.24 1.04 1.40 0.81 0.85 0.85 0.85 <-Median-> 10 Ratio
Liq. with CF aft div 0.94 1.35 1.09 0.90 1.26 1.39 1.65 1.14 1.86 1.14 1.06 1.11 1.14 <-Median-> 5 Ratio
Liq. with CF aft div (WC) 1.09 1.50 1.08 0.96 1.38 1.38 1.81 1.27 1.90 1.29 1.19 1.11
Liq. CF re  Inv+Div  0.88 1.03 1.09 0.90 1.23 1.39 1.63 0.84 1.18 0.50 0.82 1.11 0.84 <-Median-> 5 Ratio
Curr Long Term Debt $2.469 $7.709 $7.491 $8.697 $8.748 $6.156 $5.076 $9.724 $21.309 $44.738 $39.504 $39.341 $21.3 <-Median-> 5 Ratio
Liquidity Less CLTD 0.93 1.39 1.00 0.84 1.04 1.04 1.45 1.16 1.91 1.47 1.39 1.29 1.45 <-Median-> 5 Ratio
Liq. with CF aft div 1.04 2.04 1.41 1.12 1.61 1.68 1.91 1.26 2.50 2.03 1.71 1.69 1.91 <-Median-> 5 Ratio
Assets $42.067 $87.773 $112.146 $114.210 $112.671 $135.390 $138.764 $233.666 $281.142 $355.995 $299.926 $286.177 612.97% <-Total Growth 10 Assets
Liabilities $35.319 $53.751 $75.908 $81.571 $73.596 $94.786 $91.693 $159.952 $182.922 $251.446 $220.017 $206.180 522.95% <-Total Growth 10 Liabilities
Debt Ratio 1.19 1.63 1.48 1.40 1.53 1.43 1.51 1.46 1.54 1.42 1.36 1.39 1.47 <-Median-> 10 Ratio
Estimates BVPS $2.66 Estimates Estimates BVPS
Estimate Book Value $118.1 Estimates Estimate Book Value
P/B Ratio (Close) 0.88 Estimates P/B Ratio (Close)
Difference from 10 year median #VALUE! Diff M/C Estimates Difference from 10 yr med.
Book Value $6.749 $34.021 $36.238 $32.639 $39.075 $40.603 $47.071 $73.714 $98.220 $104.549 $79.909 $79.997 $79.997 $79.997 1084.07% <-Total Growth 10 Book Value
Book Value per share $0.61 $0.94 $0.97 $0.90 $1.07 $1.12 $1.28 $1.67 $2.18 $2.33 $1.76 $1.72 $1.72 $1.72 188.39% <-Total Growth 10 Book Value per Share
Increase 53.29% 3.32% -6.88% 18.10% 4.76% 14.73% 30.65% 30.04% 7.27% -24.42% -2.39% 0.00% 0.00% -33.97% P/B Ratio Current/Historical Median
P/B Ratio (Median) 0.00 2.88 1.91 1.36 1.42 1.23 1.40 1.97 1.16 1.20 1.31 1.05 0.00 0.00 1.36 P/B Ratio Historical Median
P/B Ratio (Close) 2.47 2.77 1.60 1.06 1.19 1.39 1.94 1.82 1.11 2.38 1.33 0.90 0.90 1.84 11.17% <-IRR #YR-> 10 Book Value per Share 188.39%
Change 12.23% -42.30% -33.49% 12.01% 16.50% 39.46% -5.87% -38.98% 114.13% -44.06% -32.43% 0.00% 104.84% 9.58% <-IRR #YR-> 5 Book Value per Share 58.03%
Median 10 year P/B Ratio 0.00 1.44 1.91 1.64 1.42 1.39 1.40 1.41 1.40 1.38 1.38 1.34 1.27 1.21
Leverage (A/BK) 6.23 2.58 3.09 3.50 2.88 3.33 2.95 3.17 2.86 3.41 3.75 3.58 3.17 <-Median-> 5 A/BV
Debt/Equity Ratio 5.23 1.58 2.09 2.50 1.88 2.33 1.95 2.17 1.86 2.41 2.75 2.58 2.17 <-Median-> 5 Debt/Eq Ratio
Shareholders' Equity (Assets less Liabilities) P/B Ratios 10 yr Med 1.38 5 yr Med 1.31 -34.89% Diff M/C 3.17 Historical Leverage (A/BK)
-$0.61 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.76
-$1.12 $0.00 $0.00 $0.00 $0.00 $1.76
-$22.56 <-12 mths 0.15%
Comprehensive Income $1.972 $1.195 -$0.062 -$3.058 $5.801 $1.585 $6.266 $5.035 $24.882 $10.619 -$22.592 108.73% <-Total Growth 10 Comprehensive Income
Increase -39.41% -105% -4824.96% 289.70% -72.68% 295.30% -19.64% 394.18% -57.32% -312.75% -19.64% <-Median-> 5 Comprehensive Income
5 Yr Running Average $1.170 $1.092 $2.106 $3.126 $8.714 $9.677 $4.842 #NUM! <-IRR #YR-> 10 Comprehensive Income -1245.38%
ROE 29.2% 3.5% 0.0% 0.0% 14.8% 3.9% 13.3% 6.8% 25.3% 10.2% 0.0% #NUM! <-IRR #YR-> 5 Comprehensive Income -1525.34%
5Yr Median 3.5% 3.5% 3.9% 6.8% 13.3% 10.2% 10.2% 26.71% <-IRR #YR-> 6 5 Yr Running Average #DIV/0!
% Difference from Net Income 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 3.8% 0.0% 34.69% <-IRR #YR-> 5 5 Yr Running Average 343.32%
Median Values Diff 5, 10 yr 0.0% 0.0% 10.2% <-Median-> 5 Return on Equity
-$2.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 -$22.6
-$1.6 $0.0 $0.0 $0.0 $0.0 -$22.6
-$1.2 $0.0 $0.0 $0.0 $0.0 $0.0 $4.8
-$1.1 $0.0 $0.0 $0.0 $0.0 $4.8
Current Liability Coverage Ratio 0.25 0.58 0.30 0.29 0.57 0.52 0.60 0.27 0.59 0.53 0.39 0.26   CFO / Current Liabilities
5 year Median 0.25 0.41 0.30 0.30 0.30 0.52 0.52 0.52 0.57 0.53 0.53 0.39 0.53 <-Median-> 10 Current Liability Cov Ratio
Asset Efficiency Ratio 15.29% 15.00% 9.04% 11.06% 20.22% 13.83% 15.57% 11.30% 16.73% 14.75% 13.11% 10.62% CFO / Total Assets
5 year Median 15.29% 15.15% 15.00% 13.03% 15.00% 13.83% 13.83% 13.83% 15.57% 14.75% 14.75% 13.11% 14.3% <-Median-> 10 Return on Assets 
Return on Assets ROA 4.69% 1.36% -0.06% -2.70% 5.15% 1.17% 4.52% 2.15% 8.85% 2.87% 8.01% -0.68% Net  Income/Assets Return on Assets
5Yr Median 4.69% 3.03% 1.36% 0.65% 1.36% 1.17% 1.17% 2.15% 4.52% 2.87% 4.52% 2.87% 2.5% <-Median-> 10 Asset Efficiency Ratio
Return on Equity ROE 29.23% 3.51% 0.00% 0.00% 14.85% 3.90% 13.31% 6.83% 25.33% 9.78% 30.05% 0.00% Net Inc/ Shareholders' equity Return on Equity
5Yr Median 29.23% 16.37% 3.51% 1.76% 3.51% 3.51% 3.90% 6.83% 13.31% 9.78% 13.31% 9.78% 8.3% <-Median-> 10 Return on Equity
$25.35 <-12 mths 5.57%
Net Income $1.972 $1.195 -$0.062 -$3.088 $5.801 $1.585 $6.266 $5.035 $24.882 $10.229 $24.013 -$2.0 $1.8 1117.42% <-Total Growth 10 Net Income
Increase -39.41% -105.20% -4873.28% 287.86% -72.68% 295.30% -19.64% 394.18% -58.89% 134.75% -108.12% 189.74% EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $1.164 $1.086 $2.100 $3.120 $8.714 $9.599 $14.085 $12.442 $11.785 28.39% <-IRR #YR-> 10 Net Income 1117.42%
Operating Cash Flow $2.448 $9.822 $10.322 $9.763 $18.055 $18.850 $15.843 $13.301 $43.471 $37.607 $25.701 72.22% <-IRR #YR-> 5 Net Income 1414.99%
Investment Cash Flow -$1.737 -$7.155 $0.187 $0.761 -$1.132 $1.973 $4.781 -$28.585 -$46.142 -$108.291 $11.465 51.53% <-IRR #YR-> 6 5 Yr Running Average #DIV/0!
Total Accruals $1.262 -$1.473 -$10.571 -$13.612 -$11.122 -$19.238 -$14.359 $20.319 $27.553 $80.913 -$13.153 66.94% <-IRR #YR-> 5 5 Yr Running Average 1196.72%
Total Assets $42.067 $87.773 $112.146 $114.210 $112.671 $135.390 $138.764 $233.666 $281.142 $355.995 $299.926 Balance Sheet Assets
Accruals Ratio 3.00% -1.68% -9.43% -11.92% -9.87% -14.21% -10.35% 8.70% 9.80% 22.73% -4.39% 8.70% <-Median-> 5 Ratio
EPS/CF Ratio (WC) 0.14 0.11 -0.01 -0.23 0.26 0.08 0.29 0.20 0.53 0.19 -0.61 0.15 <-Median-> 10 EPS/CF Ratio
-$2.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $24.0
-$1.6 $0.0 $0.0 $0.0 $0.0 $24.0
-$1.2 $0.0 $0.0 $0.0 $0.0 $0.0 $14.1
-$1.1 $0.0 $0.0 $0.0 $0.0 $14.1
Change in Close 0.00% 72.04% -40.38% -38.06% 32.29% 22.05% 60.00% 22.98% -20.66% 129.69% -57.72% -34.04% 0.00% 104.84% Count 12 Years of data
up/down up up up up up Down Down Down Count 8 66.67%
Meet Prediction? Yes Yes Yes Yes Yes Yes % right Count 6 75.00%
Financial Cash Flow $4.460 -$7.862 -$11.145 -$10.198 -$17.165 -$20.618 -$17.978 $30.241 $19.517 $45.126 -$43.649 C F Statement  Financial Cash Flow
Total Accruals -$3.198 $6.389 $0.574 -$3.414 $6.042 $1.380 $3.619 -$9.922 $8.036 $35.787 $30.496 Accruals
Accruals Ratio -7.60% 7.28% 0.51% -2.99% 5.36% 1.02% 2.61% -4.25% 2.86% 10.05% 10.17% 2.86% <-Median-> 5 Ratio
Cash $5.983 $0.789 $0.153 $0.479 $0.237 $0.443 $3.089 $18.046 $34.892 $9.334 $4.317 $20.743 Cash
Cash per Share $0.54 $0.02 $0.00 $0.01 $0.01 $0.01 $0.08 $0.41 $0.77 $0.21 $0.10 $0.45 $0.21 <-Median-> 5 Cash per Share
Percentage of Stock Price 35.90% 0.84% 0.26% 1.38% 0.51% 0.79% 3.39% 13.44% 31.95% 3.75% 4.06% 28.82% 4.06% <-Median-> 5 % of Stock Price
Notes:
December 14, 2025.  Last estimates were for 2024, 2025, 2026 of 461.3M, $495.6M, $515.8M Revenue, -$.02, $0.12, $0.26 Adjusted Operating Income. /td>
-$0.02, $0.10, $0.15 EPS, $0.08, $0.08, $0.08 dividends, $39.9<, $32.4M, $35M FCF, $40.2M, $49.33M, $55.7M EBITDA, $.66 2024 BVPS, -$0.5M, $4.3M, $6.8M Net Income.
December 19, 2024.  Last estimates were for 2023, 2024, 2025 of $455M, $541M, $600M Revenue, $0.26, $0.32, $0.37 AEPS, $0.24, $0.28, $0.33 EPS, 
$1.8M, $16.9M, $29M FCF, $51.2M, $63.9M, $69.4M EBITDA, $2.36. $2.66 2023/4 BVPS, $12.3M, $16.1M, $14.7M Net Income.
August 26, 2023.  Last estimates were for 2022, 2023 and 2024 of $501M, $512M and $483M for Revenue, $0.40, $0.27 and $0.27 for EPS, 
$30.3M, $15.2M and $22.6M for FCF, and $17.7M, $12.2M and $12.3M for Net Income.
August 28, 2022.  Last estimates were for 2021, 2022 and 2023 of $374M, $429M and $431M for Revenue, $0.19, $0.30 and $0.32 for EPS, 
$0.6, $14.1 and $15.9 for FCF and $7.9M, $13.2M and $14.2M for Net Income.
Started Worksheet October 23, 2021
August 2, 2022.  Listing on TSX as TTNM.  OTC symbol changed from TITFG to TTNMF
April 16, 2015.  Company was listed on the TSX Venture Exchange as TTR. 
Titanium Transportation Group Inc did a reverse tae over of  Northeastern Group 
2002.  Ted and Marilyn Daniel started the firm.
Sector:
Industrial, Services
Industrial, Transportation
What should this stock accomplish?
Would I buy this company and Why.
Why am I following this stock. 
I found this stock on a blog of <a href="https://ourlifefinancial.com/" target="_top"> Our Life Financial</a>. 
Why I bought this stock.
Dividends
Dividends are paid quarterly in Cycle 3 of March, June, September, December.  Dividends are declared in one month for shareholders of record of that month and paid in the next month.
For example, the dividends declared on August 17, 2021 was for shareholders of record of August 31, 2021 and paid on September 15, 2021.
Misson Statement or closes thing I can find.
What I am looking for is a statement that the company wants to do well by their customers, employees, and community and and thereby earn shareholders a reasonable return.
For customers 
For employees 
For community 
For investors 
How they make their money.
Titanium Transportation Group Inc is assets-based transportation and logistics firm that provides services like truckload, dedicated, cross-border
 trucking services, freight logistics, warehousing, and distribution. Majority of its revenue is earned through the Truck transportation segment. 
The group has a business presence in Canada and the United States.  
Ted Daniels  Founder and CEO
Shares; '%, Value $M Tot Ret Cap Gain Div. Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M   Change
Date -0.78% -0.94% 0.16% -0.78% 2020 Oct 24 2021 Aug 29 2022 Dec 21 2023 Dec 19 2024 Dec 14 2025
Daniel, Theodor (Ted) 8.75% 8.61% 0.15% 8.76% 3.668 9.98% 3.197 7.26% 3.297 7.31% 3.297 7.36% 3.297 7.28% 3.397 7.32% Last update Jan 2023 3.03%
CEO - Shares - Amount $9.096 $9.751 $7.979 $18.327 $7.748 $5.266
Options - percentage Tot Ret Cap Gain Div. 0.200 0.54% 0.000 0.00% 0.100 0.22% 0.150 0.34% 0.150 0.33% 0.050 0.11% No options in 2021 -66.67%
Options - amount 20.29% 19.64% 0.65% 20.29% $0.496 $0.000 $0.242 $0.834 $0.353 $0.078
14.52% 14.08% 0.44% 14.52%
Fu, Chun Kit 0.111 0.30% 0.115 0.26% 0.115 0.26% 0.115 0.26% 0.115 0.25% 0.115 0.25% WSJ, says CFO 0.00%
CFO - Shares - Amount Tot Ret Cap Gain Div. check $0.275 $0.352 $0.279 $0.641 $0.271 $0.179 Last update Jan 2023
Options - percentage 15.26% 14.50% 0.76% 15.26% 0.085 0.23% 0.185 0.42% 0.250 0.55% 0.300 0.67% 0.300 0.66% 0.300 0.65% 0.00%
Options - amount 11.07% 10.55% 0.52% 11.07% $0.211 $0.564 $0.605 $1.668 $0.705 $0.465
Warrington, Donald Kirby Tot Ret Cap Gain Div. check 9.912 21.89% 9.912 21.34% last reported 2011 0.00%
Officer - Shares - Amount 22.31% 20.31% 2.00% 22.31% $23.293 $15.364
Options - percentage 7.06% 6.06% 1.00% 7.06% 1.006 2.22% 1.006 2.17% 0.00%
Options - amount $2.363 $1.559
Tot Ret Cap Gain Div. check
Daniel, Marilyn 15.68% 12.81% 2.87% 15.68% 0.050 0.11% not listed 2024 #DIV/0!
Officer - Shares - Amount 6.21% 4.88% 1.33% 6.21% $0.078
Options - percentage 0.000 0.00% #DIV/0!
Options - amount Tot Ret Cap Gain Div. check $0.000
12.28% 8.68% 3.60% 12.28%
Bradley, David 6.07% 4.51% 1.56% 6.07% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% #DIV/0!
Director - Shares - Amount $0.000 $0.000 $0.000 $0.000 $0.000 $0.000
Options - percentage 0.114 0.31% 0.149 0.34% 0.183 0.41% 0.224 0.50% 0.275 0.61% 0.334 0.72% 21.49%
Options - amount $0.282 $0.454 $0.443 $1.247 $0.646 $0.518
Palombo, Grace 0.000 0.00% #DIV/0!
Director - Shares - Amount $0.000
Options - percentage 0.151 0.32% #DIV/0!
Options - amount $0.234
Glassaso, Luciano 0.000 0.00% 0.000 0.00% 0.050 0.11% 0.050 0.11% 0.050 0.11% 0.150 0.32% No stock in 2021 200.00%
Chairman - Shares - Amt $0.000 $0.000 $0.121 $0.278 $0.118 $0.233
Options - percentage 0.227 0.62% 0.262 0.59% 0.296 0.66% 0.337 0.75% 0.388 0.86% 0.347 0.75% -10.54%
Options - amount $0.562 $0.798 $0.717 $1.875 $0.912 $0.538
De Zen, Vic 1.055 2.36% 1.870 4.13% 1.870 4.03% Last report 2024 0.00%
10% holder $5.865 $4.394 $2.898
Trunkest Invetments Canada Ltd 12.567 28.07% 10.967 24.22% 10.967 23.62% Last report 2024 0.00%
10% holder $69.856 $25.773 $16.999
Increase in O/S Shares 0.416 1.15% 0.464 1.29% 0.318 0.88% 0.120 0.27% 0.051 0.11% 0.004 0.01%
Due to Stock Options $0.333 $0.719 $0.492 $0.290 $0.282 $0.008
Book Value $0.114 $0.341 $0.856 $0.283 $0.115 $0.011
Insider Buying $0.000 $0.000 -$0.119 $0.000 $0.000 $0.000 No Buys, Sells 2020,21, 24,25
Insider Selling $0.000 $0.000 $0.000 $0.012 $0.000 $0.000
Net Insider Selling $0.000 $0.000 -$0.119 $0.012 $0.000 $0.000
Net Selling % of Market Cap 0.00% 0.00% -0.11% 0.00% 0.00% 0.00%
Directors 4 4 5 5 5
Women 0 0% 0 0% 1 20% 1 20% 1 20%
Minorities 0 0% 0 0% 0 0% 0 0% 0 0%
Institutions/Holdings 14 43.52% 7 43.52% 3 1.42% 1 0.00%
Total Shares Held 19.083 51.94% 1.411 3.13% 0.640 1.43% 0.000 0.00%
Increase/Decrease 3 Mths -0.189 -0.98% -0.712 -33.55% -0.224 -25.93% -0.043 -100.00%
Starting No. of Shares 19.272 Top 20 MS 2.123 Top 20 MS 0.865 Top 20 MS 0.043 Top 20 MS
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My Stock
10/26/21 -$755.99 $3.78 200
08/29/22 -$265.99 $2.66 100
09/01/23 -$774.99 $2.58 300
11/30/25 $816.00 $2.99 600
-22.59% XIRR $1.36 600
-17.51% Total Return
5.08% Dividend Ret.
% from $942.00 Total Value Gain
$0.00 Less Sale of Stock
-$816.00 Less Stock Value
14.74% $126.00 Dividends Paid 7.01%
$1,796.97 Cost of Stock
$0.00 Sale of Stock
-114.74% -$980.97 Capital Gains/Loss -54.59%
-100.00% -$854.97 Total Return -47.58%
Start Date 26-Oct-21 Shares 600
End date 30-Nov-25 Dividends paid per Share $0.21
Years 4.10 Div less cost -$7.91
Cost $8.12
% paid by div 2.59%