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How to buy Taiga Building Products stock in Canada | $2.59

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Taiga Building Products Historical Pricing See Current Price Now

Taiga Building Products Ltd is a building materials business based in Canada. Taiga Building Products shares (TBL) are listed on the TO and all prices are listed in Canadian Dollars. Taiga Building Products employs 563 staff and has a trailing 12-month revenue of around CADC$2.2 billion.

How to buy shares in Taiga Building Products

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – TBL – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

Is it a good time to buy Taiga Building Products stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

How has Coronavirus impacted Taiga Building Products's stock price?

Since the stock market crash in March caused by coronavirus, Taiga Building Products's stock price has had significant positive movement.

Its last market close was C$2.59, which is 55.21% up on its pre-crash value of C$1.16 and 407.84% up on the lowest point reached during the March crash when the stocks fell as low as C$0.51.

If you had bought C$1,000 worth of Taiga Building Products stocks at the start of February 2020, those stocks would have been worth C$631.58 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth C$2,271.92.

Taiga Building Products stock price

Use our graph to track the performance of TBL stocks over time.

Taiga Building Products shares at a glance

Information last updated 2021-10-13.
Latest market closeC$2.59
52-week rangeC$1.17 - C$3.23
50-day moving average C$2.56
200-day moving average C$2.66
Wall St. target priceN/A
PE ratio 1.9639
Dividend yield C$3.5 (109.03%)
Earnings per share (TTM) C$1.27

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Taiga Building Products price performance over time

Historical closes compared with the close of C$2.59 from 2021-10-14

1 week (2021-10-08) 3.60%
1 month (2021-09-16) 2.59
3 months (2021-07-16) 4.44%
6 months (2021-04-15) -4.43%
1 year (2020-10-15) 90.44%
2 years (2019-10-15) 159.00%
3 years (2018-10-12) 70.39%
5 years (2016-10-12) N/A

Is Taiga Building Products under- or over-valued?

Valuing Taiga Building Products stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Taiga Building Products's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Taiga Building Products's P/E ratio

Taiga Building Products's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 2x. In other words, Taiga Building Products shares trade at around 2x recent earnings.

Taiga Building Products's EBITDA

Taiga Building Products's EBITDA (earnings before interest, taxes, depreciation and amortisation) is C$204 million.

The EBITDA is a measure of a Taiga Building Products's overall financial performance and is widely used to measure a its profitability.

Taiga Building Products financials

Revenue TTM C$2.2 billion
Operating margin TTM 8.88%
Gross profit TTM C$225.2 million
Return on assets TTM 20.69%
Return on equity TTM 65.97%
Profit margin 6.21%
Book value C$2.40
Market capitalisation C$271.4 million

TTM: trailing 12 months

Shorting Taiga Building Products shares

There are currently 951 Taiga Building Products shares held short by investors – that's known as Taiga Building Products's "short interest". This figure is 96.7% down from 29,066 last month.

There are a few different ways that this level of interest in shorting Taiga Building Products shares can be evaluated.

Taiga Building Products's "short interest ratio" (SIR)

Taiga Building Products's "short interest ratio" (SIR) is the quantity of Taiga Building Products shares currently shorted divided by the average quantity of Taiga Building Products shares traded daily (recently around 19020). Taiga Building Products's SIR currently stands at 0.05. In other words for every 100,000 Taiga Building Products shares traded daily on the market, roughly 50 shares are currently held short.

However Taiga Building Products's short interest can also be evaluated against the total number of Taiga Building Products shares, or, against the total number of tradable Taiga Building Products shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Taiga Building Products's short interest could be expressed as 0% of the outstanding shares (for every 100,000 Taiga Building Products shares in existence, roughly 0 shares are currently held short) or 0% of the tradable shares (for every 100,000 tradable Taiga Building Products shares, roughly 0 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Taiga Building Products.

Taiga Building Products share dividends

30%

Dividend payout ratio: 29.85% of net profits

Recently Taiga Building Products has paid out, on average, around 29.85% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Taiga Building Products shareholders could enjoy a 0% return on their shares, in the form of dividend payments. In Taiga Building Products's case, that would currently equate to about C$3.5 per share.

While Taiga Building Products's payout ratio might seem fairly standard, it's worth remembering that Taiga Building Products may be investing much of the rest of its net profits in future growth.

Taiga Building Products's most recent dividend payout was on 19 March 2021. The latest dividend was paid out to all shareholders who bought their shares by 4 March 2021 (the "ex-dividend date").

Taiga Building Products share price volatility

Over the last 12 months, Taiga Building Products's shares have ranged in value from as little as C$1.1677 up to C$3.23. A popular way to gauge a stock's volatility is its "beta".

TBL.TO volatility(beta: 1.04)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (TO average) beta is 1, while Taiga Building Products's is 1.0427. This would suggest that Taiga Building Products's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Taiga Building Products overview

Taiga Building Products Ltd. operates as a wholesale distributor of building products in Canada and the United States. It offers composite decking products, railings, and accessories; engineered wood products; laminate and vinyl floorings; insulation products; dimension lumber products; moldings; panels, such as plywood, oriented strand boards, and particleboards; polyethylene sheeting products; and preserved wood products, including fencing, landscape timbers, plywoods, preserved wood foundation, and pre-stained products. The company also provides roofing materials; batt and foam insulation products; siding and trim products; and wall coverings and accessories. In addition, it produces pressure-treated wood products. The company distributes its building products through 15 distribution centers in Canada, 3 distribution centers in the United States to building products retailers, building supply yards, and industrial manufacturers. It also exports its products to Asia, Central America, South America, and the Middle East.

Frequently asked questions

Taiga Building Products in the news

There are no recent company news
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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