Is it a good company at a reasonable price? This is a small cap that I purchased with my fooling around money. It is not a good sign when dividends are suspended. However, I am not willing to give up on this company at this point in time. The stock price testing is showing the stock price as relatively cheap.
I own this stock of Titanium Transportation Group Inc (TSX-TTNM, OTCQX-TTNMF). I found this stock on a blog of Our Life Financial.
When I was updating my spreadsheet, I noticed I bought this stock in 2021. So far, I have lost 17.51% per year with a 22.59% capital loss and 5.08% from dividends. I bought this with my fooling around money.
The dividends have been suspended so there is currently no dividend yield nor Dividend Payout Ratios (DPR).
If you had invested in this company in December 2014, for $1,000.48 you would have bought 662 shares at $1.51 per share. In December 2024, after 10 years you would have received $225.08 in dividends. The stock would be worth $1,555.70. Your total return would have been $1,780.78. This would be a total return of 6.07% per year with 4.51% from capital gain and 1.56% from dividends.
| Cost | Tot. Cost | Shares | Years | Dividends | Stock Val | Tot Ret |
|---|---|---|---|---|---|---|
| $1.51 | $1,000.48 | 662 | 10 | $225.08 | $1,555.70 | $1,780.78 |
Debt Ratios need improving. The Long Term Debt/Market Cap Ratio for 2024 is too high at 1.05 and currently at 1.16. The stock price has been falling since 2021. The Liquidity Ratio for 2024 is too low at 0.85 and 0.85 currently. If you added in Cash Flow after dividends, the ratios are still too low at 1.19 and currently at 1.11. I prefer to see this ratio at 1.50 or higher. The Debt Ratio for 2024 is too low at 1.36 and 1.39 currently. I prefer to see this ratio at 1.50 to higher. The Leverage and Debt/Equity Ratios for 2024 are too high at 3.75and 2.75 and currently at 3.58 and 2.58. I prefer to these ratios less than 3.00 and 2.00.
| Type | Year End | Ratio Curr |
|---|---|---|
| Lg Term R | 1.05 | 1.16 |
| Intang/GW | 0.00 | 0.00 |
| Liquidity | 0.85 | 0.85 |
| Liq. + CF | 1.19 | 1.11 |
| Debt Ratio | 1.36 | 1.39 |
| Leverage | 3.75 | 3.58 |
| D/E Ratio | 2.75 | 2.58 |
The Total Return per year is shown below for years of 5 to 10 to the end of 2024. Under the Capital Gain column is the portion of the Total Return attributable to capital gains. Under the Dividend column is the portion of the Total Return attributable to dividends. See chart below.
| From | Years | Div. Gth | Tot Ret | Cap Gain | Div. |
|---|---|---|---|---|---|
| 2019 | 5 | 0.00% | 12.28% | 8.68% | 3.60% |
| 2014 | 10 | 0.00% | 6.07% | 4.51% | 1.56% |
The 5-year low, median, and high median Price/Earnings per Share Ratios are 6.47, 10.56 and 14.65. The corresponding 10 year ratios are 5.86, 10.00 and 14.14. The corresponding historical ratios are 5.86, 10.00 and 14.14. The current ratio is negative, so I cannot use that in testing. The P/E Ratio for 2026 is 44.29 based on a stock price of $1.55 and Earnings per Share estimate for 2026 of $0.035. This ratio is above the high ratio for the 10 year median ratios. This stock price testing suggests that the stock price is relatively expensive.
I also have Adjusted Earnings per Share (AEPS) data. The 5-year low, median, and high median Price/Adjusted Earnings per Share Ratios are 6.55, 10.69 and 14.83. The corresponding 10 year ratios are 15.01, 18.17 and 21.33. The corresponding historical ratios are 15.01, 18.17 and 21.33. The current ratio is negative, so I cannot use that in testing. The P/E Ratio for 2026 is 38.75 based on a stock price of $1.55 and AEPS estimate $0.04. This ratio is above the high ratio for the 10 year median ratios. This stock price testing suggests that the stock price is relatively expensive.
I get a Graham Price of $1.25 for 2026. The 10-year low, median, and high median Price/Graham Price Ratios are 1.06, 1.28 and 1.50. The current ratio is 1.24 based on a stock price of $1.55. The current ratio is between the low and median ratios of the 10 year median ratios. This stock price testing suggests that the stock price is relatively reasonable and below the median.
I get a 10-year median Price/Book Value per Share Ratio of 1.38. The current ratio is 0.90 based on a Book Value of $79,997M, Book Value per Share of $1.72 and a stock price of $1.55. The current ratio is 35% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively cheap.
I get a 10-year median Price/Cash Flow per Share Ratio of 4.12. The current ratio is 2.37 based on Cash Flow for the last 12 months of $30.381M, Cash Flow per Share of $0.65 and a stock price of $1.55. The current ratio is 43% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively cheap.
The dividends have been suspended so I cannot do any dividend yield testing.
The 10-year median Price/Sales (Revenue) Ratio is 0.31. The current ratio is 0.15 based on Revenue estimate for 2025 of $471.4M, Revenue per Share of $10.15 and a stock price of $1.55. The current ratio is 51% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively cheap.
Results of stock price testing is that the stock price is probably cheap. The P/S Ratio test says this. There are problems with the P/E Ratio, and P/AEPS Ratio tests. However, the P/GP Ratio, P/B Ratio and P/CF Ratio tests appear good. They vary from Reasonable and below the Median to Cheap.
When I look at analysts’ recommendations, I find Strong Buy (2), and Buy (2). The consensus would be a Strong Buy. The 12 months stock price consensus is $3.175 with a High of $4.20 and low of $2.25. The consensus stock price of $3.175 implies a total return of 104.84% all from capital gains based on a current price of $1.55.
There is not many analysts following on Stock Chase for this stock. The last entry was in 2021 and analysts said he had it on a Watch list. There is a page on Motley Fool for this stock, but no one has commented on it. The company put out a press release via Globe Newswire about their fourth quarter of 2024. The company put out a press release via Globe Newswire about their third quarter of 2025.
Simply Wall Street via Yahoo Finance has recently put out a very negative review of this stock. They say long story short, while Titanium Transportation Group has been reinvesting its capital, the returns that it's generating haven't increased. They have two warnings out on this stock of interest payments are not well covered by earnings; and does not have a meaningful market cap (CA$71M). They say if you are looking for a multi-bagger stock, this it not the one you want to invest in.
If you use Google AI and ask what analysts think, the return is analysts generally view Titanium Transportation Group (TTNM) as a "Moderate Buy" or "Strong Buy," seeing potential upside due to resilient operations, good valuation (low EBITDA/P/B), and focus on efficiency, but concerns exist around high debt, mixed financial health (negative P/E, high leverage), and industry macro issues like the freight recession, with some downgrades occurring despite overall optimism. On a site I used, they said that analysts’ recommendations are Moderate Buy or Strong Buy.
It would seem that Simply Wall Street is the only one that is reviewing this stock. They have another report here that talks about the company’s second quarter where the company beats expectations.
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. Its web site is here Titanium Transportation Group Inc.
The last stock I wrote about was about was Agnico Eagle Mines Ltd (TSX-AEM, NYSE-AEM) ... learn more. The next stock I will write about will be Propel Holdings Inc. (TSX-PRL, OTC-PRLPF) ... learn more on Wednesday, December 24, 2025 around 5 pm. Tomorrow on my other blog I will write about Dividend Stock Recommendation .... learn more on Tuesday, December 23, 2025 around 5 pm.
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