A Business at a Glance
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ITEM I. Business We are an integrated provider of non-hazardous solid waste and recycling collection, transportation and disposal services. We conduct our business primarily through our principal operating subsidiary, Standard Waste Services, LLC (“SWS”), which provides waste and recycling collection and disposal services to industrial generators and commercial contractors located in Michigan and commenced operations in 2017. We acquired SWS in May 2024 through our Titan Trucking, LLC (“Titan Trucking”) subsidiary, a non-hazardous solid waste management company that commenced operations in May 2017. Through these companies, we currently operate a fleet of 32 waste collection vehicles. All of the revenues of these companies for the years ended December 31, 2024 and 2023 was derived from the provision of commercial front load, roll-off, rubber wheel and long-haul tractor trailer services to their customers.
| Metric | TTM | FY2021 | FY2020 |
|---|---|---|---|
| Revenue | 1.8M | - | 1.0M |
| Net Income | -4.7M | -6.4M | -608K |
| EPS | $-1.08 | $-1.64 | $-0.16 |
| Free Cash Flow | -2.5M | -3.2M | -191K |
| ROIC | -70797.9% | -45.7% | -15.7% |
| Gross Margin | 8.6% | - | 45.9% |
| Debt/Equity | 0.00 | -0.01 | -0.03 |
| Dividends/Share | $0.00 | - | - |
| Operating Income | -2.6M | -5.0M | -355K |
| Operating Margin | -143.4% | - | -35.1% |
| ROE | 0.0% | - | - |
| Shares Outstanding | 4M | 4M | 4M |
| Metric | |||
|---|---|---|---|
| Income Statement | |||
| Revenue | 1.0M | N/A | 1.8M |
| Gross Margin | 45.9% | N/A | 8.6% |
| R&D | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A |
| EBIT | -355K | -5.0M | -2.6M |
| Op. Margin | -35.1% | N/A | -143.4% |
| Net Income | -608K | -6.4M | -4.7M |
| Net Margin | -60.2% | N/A | -261.1% |
| Non-Recurring | 0 | 0 | 0 |
| Returns on Capital | |||
| ROIC | -15.7% | -45.7% | N/M |
| ROE | N/A | N/A | 0.0% |
| ROA | -31.0% | -124.8% | -163196.9% |
| Cash Flow | |||
| Op. Cash Flow | -187K | -3.2M | -2.5M |
| Free Cash Flow | -191K | -3.2M | -2.5M |
| Owner Earnings | -340K | -3.9M | -3.2M |
| CapEx | 4K | 6K | 36K |
| Maint. CapEx | 48K | 78K | 78K |
| Growth CapEx | 0 | 0 | 0 |
| D&A | 48K | 78K | 78K |
| CapEx/OCF | N/A | N/A | 0.0% |
| Capital Allocation | |||
| Dividends Paid | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | 0.0% |
| Stock-Based Comp | 105K | 641K | 641K |
| Debt Repayment | 196K | 214K | 214K |
| Balance Sheet | |||
| Net Debt | 164K | 199K | 710K |
| Cash & Equiv. | N/A | N/A | 63K |
| Long-Term Debt | 60K | 36K | 36K |
| Debt/Equity | -0.03 | -0.01 | 0.00 |
| Interest Coverage | -1.1 | -3.7 | -3.7 |
| Equity | -2.4M | -2.4M | -4.3M |
| Total Assets | 1.8M | 8.6M | 3K |
| Total Liabilities | 4.1M | 11M | 12M |
| Intangibles | 889K | 7.1M | 7.1M |
| Retained Earnings | -2.5M | -9.0M | -9.0M |
| Working Capital | -2.9M | -9.8M | -9.8M |
| Current Assets | 1.1M | 981K | 981K |
| Current Liabilities | 4.0M | 11M | 11M |
| Per Share Data | |||
| EPS | -0.16 | -1.64 | -1.08 |
| Owner EPS | -0.09 | -0.99 | -0.71 |
| Book Value | -0.62 | -0.61 | -0.95 |
| Cash Flow/Share | -0.05 | -0.80 | -1.02 |
| Dividends/Share | N/A | N/A | 0.00 |
| Shares Out. | 3.8M | 3.9M | 4.5M |
| Valuation | |||
| P/E Ratio | N/A | N/A | -0.0 |
| P/FCF | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A |
| Price/Book | N/A | N/A | N/A |
| Price/Sales | 23.5 | N/A | 0.1 |
| FCF Yield | -0.8% | -15.5% | -2662.3% |
| Market Cap | 23M | 20M | 94K |
| Avg. Price | 6.26 | 9.53 | 0.02 |
| Year-End Price | 6.00 | 5.20 | 0.02 |
Titan Environmental Solutions Inc. passes 0 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 45.9%.
Titan Environmental Solutions Inc. (TESI) has a 5-year average return on invested capital (ROIC) of -30.7%. This is below average and may indicate limited pricing power.
Titan Environmental Solutions Inc. (TESI) has a market capitalization of $94K. It is classified as a small-cap stock.
Titan Environmental Solutions Inc. (TESI) does not currently pay a regular dividend.
Titan Environmental Solutions Inc. (TESI) operates in the Services-Computer Programming Services industry, within the Technology sector.
Titan Environmental Solutions Inc. (TESI) generated $-3 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Titan Environmental Solutions Inc. (TESI) reported earnings per share (EPS) of $-1.64 in its most recent fiscal year.
Titan Environmental Solutions Inc. (TESI) has a 5-year average gross margin of 45.9%. This indicates decent pricing power.
The Ledger Terminal provides 2 years of financial data for Titan Environmental Solutions Inc. (TESI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Titan Environmental Solutions Inc. (TESI) has a book value per share of $-0.61, based on its most recent annual SEC filing.