TWC Enterprises Ltd (TWC) fair value: what the stock is really worth
As of Nov 12, 2026: fair value (intrinsic value) of TWC Enterprises Ltd stock C$23.09, price C$25.93, that is 11.0% below the price, quality 66 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 13, 2026.
How to read this chart
60‑month range C$14.79 – C$29.82 · fair‑value band C$16.21 – C$27.22 · the C$25.93 price screens above the C$23.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 13, 2026.
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TWC Enterprises Limited owns, operates, and manages golf clubs under the ClubLink One Membership More Golf brand in Canada and the United States. The company was formerly known as ClubLink Enterprises Limited and changed its name to TWC Enterprises Limited in May 2014.
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TWC Enterprises Limited is based in King City, Canada. TWC Enterprises Limited is a subsidiary of Paros Enterprises Limited.
Stock analysis
TWC Enterprises Ltd (TWC) currently trades at C$25.93, while our model-based Fair Value estimate is C$23.09, 11% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of C$44.37 per share, and 6 of the 26 models we run sit above the C$25.93 price.
Bear case: the Asset-Based group reads lowest at C$4.92, and 20 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: C$16.21 (bear) to C$27.22 (bull), the price of C$25.93 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 66/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Spin-off in 2018: revenue and profit before it include the divested business. Growth is measured afresh from 2018.
TWC Enterprises Ltd reported revenue of C$228M in FY2025 versus C$178M in FY2021, a compound +6.3%/yr. Reported net income was C$55.6M in FY2025, compounding −11.3%/yr from FY2021.
Key figures
Market cap C$623M (≈ $437M) Small · P/E ratio 10.7 · P/S ratio 2.78 · EPS (TTM) C$2.43 · Dividend yield 0.3% · Net margin 31.8% · Return on equity 11.0% · Return on assets (EBIT) 4.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 73 out of 100 (low confidence).
What moves the price
The share trades about 13% below its 52-week high and 19% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 43% fair-value upside, at −11%, TWC screens richer than that median.
Fair Value models
BearC$16.21Fair Value C$23.09BullC$27.22
Price C$25.93 · Downside -11.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (C$2.03 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Spin-off in 2018: revenue and profit before it include the divested business. Growth is measured afresh from 2018.
Revenue growth 1 year
−7.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.5%
Start year 2020 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.0%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
≈ −4.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.0%
Dividend (yield on the price)0.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 66.1% / 30.8%
Profit margin 2019 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.12% → 12%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 155% above its own trend.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+2.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Canada: IMF forecast 2.1% a year to 2030, 2.6% from 2016 to 2025) that is about +0.3% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Leisure · 183 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside−11.0% · Below median
Profitability
Return on equity (12 months)11.0% · Above median
Return on assets7.7% · Top 25%
Net margin (12 months)31.8% · Top 25%
Operating margin (12 months)31.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)1.6% · Below median
Dividend yield (12 months)0.3% · Bottom 25%
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Leisure median · lower = cheaper
P/E (12 months)10.7× · Cheapest 25%
P/B1.03× · Cheaper than median
P/S (12 months)2.78× · Priciest 25%
Price / free cash flow (fiscal year)17.4× · Pricier than median
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Is TWC Enterprises Ltd (TWC) overvalued or undervalued?
As of Nov 13, 2026, our model estimates a fair value of C$23.09 versus a price of C$25.93, about 11% lower (overvalued).
What is the fair value of TWC?
Our model-based fair value for TWC Enterprises Ltd is C$23.09 (as of Nov 13, 2026), built from audited fundamentals. The current price: C$25.93.
What is the quality score of TWC?
TWC Enterprises Ltd has a Quality Score of 66/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for TWC Enterprises Ltd (TWC)?
Our model-based price target is the fair value of C$23.09 (as of Nov 13, 2026) from 26 valuation models. Cautious scenario C$16.21, optimistic scenario C$27.22. It is a calculation from audited fundamentals, not an analyst target.
What is the TWC Enterprises Ltd stock forecast for 2026?
Our models put fair value at C$23.09, about 11% lower versus a price of C$25.93 (overvalued). Cautious scenario C$16.21, optimistic scenario C$27.22. The calculation is refreshed regularly with new filings.
What is the revenue of TWC Enterprises Ltd (TWC)?
TWC Enterprises Ltd reported trailing-twelve-month revenue of about C$224M (latest available figure, as of Nov 13, 2026).
Does TWC Enterprises Ltd pay a dividend?
TWC Enterprises Ltd currently shows a dividend yield of 0.35% relative to its recent price (as of Nov 13, 2026).
How much is the dividend of TWC Enterprises Ltd (TWC) and when is the ex-dividend date?
TWC Enterprises Ltd pays a dividend of C$0.09 per share a year, a dividend yield of 0.3%. The last ex-dividend date was Aug 31, 2026. A dividend has been paid every year since at least 2000. The payout ratio is 3.7% of earnings. Free cash flow covers the dividend 16.49 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into TWC Enterprises Ltd (TWC)?
For today's price to be fair in a discounted-cash-flow model, TWC Enterprises Ltd would have to grow free cash flow by +2.5 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.5 % per year. As of Nov 13, 2026.
What discount rate (WACC) does the fair value of TWC use?
Our models discount TWC Enterprises Ltd at 9.6 %: a base by market capitalisation (small), damped by beta 0.38, country premium for Canada. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For TWC Enterprises Ltd that is +2.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has TWC Enterprises Ltd (TWC) delivered so far?
Over the past 5 years revenue at TWC Enterprises Ltd grew +11.5 % a year. The price currently implies free-cash-flow growth of +2.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of TWC Enterprises Ltd (TWC) growing?
The median revenue growth in the sector is +4.4 % a year. That is the yardstick for the growth priced into TWC Enterprises Ltd (+2.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of TWC Enterprises Ltd (TWC)?
The free-cash-flow yield on the price is 5.75 %: that much free cash flow TWC Enterprises Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TWC Enterprises Ltd (TWC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TWC Enterprises Ltd it is C$23.09 per share (as of Nov 13, 2026), against a price of C$25.93. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is TWC Enterprises Ltd stock overvalued or undervalued in 2026?
As of Nov 13, 2026, TWC trades above its calculated fair value: price C$25.93, fair value C$23.09, a gap of about −11% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TWC?
No. The price is what the market pays today (C$25.93); the fair value is what the company's own numbers justify (C$23.09). For TWC Enterprises Ltd the two are C$2.84 per share apart. That gap is exactly why we show both numbers side by side.
How much is TWC Enterprises Ltd worth?
The market values TWC Enterprises Ltd at about C$623M (market capitalisation, as of Nov 13, 2026). Per share that is C$25.93; our models calculate a fair value of C$23.09 per share.
What do the bullish and bearish scenarios say about TWC?
Our models span a range for TWC Enterprises Ltd: cautious scenario C$16.21, base C$23.09, optimistic C$27.22 per share (as of Nov 13, 2026, price C$25.93). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TWC?
TWC Enterprises Ltd trades at a price-to-earnings ratio of 10.7 (as of Nov 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$23.09 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 17.8. Other multiples: P/B 1.0, P/S 2.8, EV/EBITDA 13.5.
How solid is the balance sheet of TWC Enterprises Ltd (TWC)?
Balance-sheet figures for TWC Enterprises Ltd (as of Nov 13, 2026): return on equity 11.0%, debt of 0.03 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is TWC from its 52-week high?
TWC Enterprises Ltd trades at C$25.93, about 13% below its 52-week high of C$29.82 and 19% above the low of C$21.82 (as of Nov 12, 2026). Distance from the high says nothing about value: that is what the fair value of C$23.09 is for.
Which stocks are comparable to TWC Enterprises Ltd?
From the same area (Consumer Cyclical) we also value Pop Mart International Group, Amer Sports, Inc, Hasbro, Inc, Life Time Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is TWC Enterprises Ltd stock attractive at the current price?
The data as of Nov 13, 2026: price C$25.93, calculated fair value C$23.09 (−11%), Quality Score 66/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TWC calculated?
We run TWC Enterprises Ltd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of C$23.09 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.3% above its aggregate fair value. TWC Enterprises Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of TWC Enterprises Ltd (TWC)?
The closing price on Nov 12, 2026 was C$25.93. Our model-based fair value is C$23.09, about 11% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TWC Enterprises Ltd right now?
The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of TWC Enterprises Ltd (TWC) come from?
Earnings per share at TWC Enterprises Ltd grew +20.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.8 %, EBIT margin −2.0 %, tax rate +1.7 %, residual (interest, one-offs) +18.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of TWC Enterprises Ltd
How large is the market capitalisation of TWC Enterprises Ltd (TWC)?
The market capitalisation of TWC Enterprises Ltd is C$623M (≈ $437M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of TWC Enterprises Ltd (TWC)?
The price-to-sales ratio of TWC Enterprises Ltd is 2.78 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of TWC Enterprises Ltd (TWC)?
Earnings per share at TWC Enterprises Ltd are C$2.43 (price ÷ EPS = P/E 10.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of TWC Enterprises Ltd (TWC)?
The dividend yield of TWC Enterprises Ltd is 0.3% (payout 3.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of TWC Enterprises Ltd (TWC)?
The net margin of TWC Enterprises Ltd is 31.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of TWC Enterprises Ltd (TWC)?
The return on equity (ROE) of TWC Enterprises Ltd is 11.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of TWC Enterprises Ltd (TWC)?
On an EBIT basis the return on assets of TWC Enterprises Ltd is 4.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of TWC Enterprises Ltd (TWC)?
The operating margin of TWC Enterprises Ltd is 31.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TWC Enterprises Ltd (TWC)?
Revenue at TWC Enterprises Ltd is growing +1.6% versus a year earlier (3y avg +6.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at TWC Enterprises Ltd (TWC)?
Earnings per share at TWC Enterprises Ltd are growing +64.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does TWC Enterprises Ltd (TWC) hold?
TWC Enterprises Ltd holds more cash than debt, C$16.2M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 13, 2026