TerraVest Capital Inc is a Canadian stock, trading under the symbol TVK-T on the Toronto Stock Exchange (TVK-CT). It is usually referred to as TSX:TVK or TVK-T
In the last year, 1 stock analyst published opinions about TVK-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for TerraVest Capital Inc.
TerraVest Capital Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for TerraVest Capital Inc.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered TerraVest Capital Inc In the last year. It is a trending stock that is worth watching.
On 2023-09-22, TerraVest Capital Inc (TVK-T) stock closed at a price of $37.99.
TVK’s growth was driven mainly through its acquisition strateg and it is now trading at 8.3x times' EV/EBITDA. In the 3Q, TVK’s revenue grew 4% to $150.4M, compared to last year of $145M and cash available for distribution also grew slightly by 9% to $13.2M compared to last year of $ 12.2 M. Growth was slower compared to previous quarters of more than 20%, but the deceleration in growth was expected after two booming years of explosive demand for oil and gas processing equipment and services. Overall, an okay quarter. It has no analysts and thus no estimates, but we are comfortable with the outlook.
The balance sheet is strong, with net debt of $250M and net debt/EBITDA is around 2.3x. TVK generated healthy cash flow which was mostly reinvested back into the business through acquisitions (TVK pays dividends but the payout ratio was only 17%). We like TVK, the company is trading at a reasonable valuation with a track record of growing EBITDA consistently while opportunistically buying back shares too, we expect TVK continues to demonstrate execution going forward, would be comfortable to average into the position over time.
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