Added to YB: 2026-04-27
Pitch date: 2026-04-24
PNP.TO [neutral]
Pinetree Capital Ltd.
-7.12%
current return
Author Info
Company Info
Pinetree Capital Ltd. is a venture capital and private equity firm specializing in early, later stage venture, middle market, mature, later stage, turnaround and growth capital investments in micro and small cap companies.
Market Cap
CAD 90.3M
Pitch Price
CAD 9.97
Price Target
10.50 (+9%)
Dividend
N/A
EV/EBITDA
N/A
P/E
9.13
EV/Sales
6.99
Sector
Capital Markets
Category
value
Pinetree FY 2025
PNP.TO (update): Trubridge acquired at $26.25/share, delivering 37% CAGR for Pinetree (though largest tranche lost 3.6% annually). Portfolio turnover 40-50%, value-weighted CAGR on closed positions 45%, 10 of 21 investees acquired. NAV CAD 9.3/share. Author's fair value CAD 10.5 (10% discount rate) assumes 15yr to use tax shields. Needs CAD 7 (15% IRR) to invest.
Read full article (8 min)