EMERGE COMMERCE LTD (ECOM.CA) Stock Fundamental Analysis

Canada • TSX Venture Exchange • TSX-V:ECOM • CA29104G1081

0.11 CAD
-0.01 (-4.35%)
Last: Feb 5, 2026, 07:00 PM
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to ECOM. ECOM was compared to 11 industry peers in the IT Services industry. While ECOM is still in line with the averages on profitability rating, there are concerns on its financial health. ECOM is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year ECOM has reported negative net income.
  • In the past year ECOM had a positive cash flow from operations.
  • In the past 5 years ECOM always reported negative net income.
  • In multiple years ECOM reported negative operating cash flow during the last 5 years.
ECOM.CA Yearly Net Income VS EBIT VS OCF VS FCFECOM.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 2024 0 -5M -10M -15M -20M

1.2 Ratios

  • ECOM has a Return On Assets of 8.24%. This is amongst the best in the industry. ECOM outperforms 81.82% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 16.04%, ECOM belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
Industry RankSector Rank
ROA 8.24%
ROE N/A
ROIC 16.04%
ROA(3y)-42.68%
ROA(5y)-29.28%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ECOM.CA Yearly ROA, ROE, ROICECOM.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 0 100 -100 200

1.3 Margins

  • The Profit Margin of ECOM (3.51%) is better than 72.73% of its industry peers.
  • ECOM's Operating Margin of 1.69% is fine compared to the rest of the industry. ECOM outperforms 63.64% of its industry peers.
  • ECOM has a Gross Margin of 36.72%. This is in the better half of the industry: ECOM outperforms 63.64% of its industry peers.
  • In the last couple of years the Gross Margin of ECOM has declined.
Industry RankSector Rank
OM 1.69%
PM (TTM) 3.51%
GM 36.72%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.37%
GM growth 5Y-12.96%
ECOM.CA Yearly Profit, Operating, Gross MarginsECOM.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 0 50 -50 -100

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • ECOM has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • ECOM has more shares outstanding than it did 1 year ago.
  • ECOM has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, ECOM has a worse debt to assets ratio.
ECOM.CA Yearly Shares OutstandingECOM.CA Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
ECOM.CA Yearly Total Debt VS Total AssetsECOM.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M

2.2 Solvency

  • ECOM has an Altman-Z score of -4.17. This is a bad value and indicates that ECOM is not financially healthy and even has some risk of bankruptcy.
  • With a Altman-Z score value of -4.17, ECOM perfoms like the industry average, outperforming 54.55% of the companies in the same industry.
  • The Debt to FCF ratio of ECOM is 2.21, which is a good value as it means it would take ECOM, 2.21 years of fcf income to pay off all of its debts.
  • ECOM has a Debt to FCF ratio of 2.21. This is in the better half of the industry: ECOM outperforms 72.73% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 2.21
Altman-Z -4.17
ROIC/WACC1.77
WACC9.06%
ECOM.CA Yearly LT Debt VS Equity VS FCFECOM.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 2024 0 10M 20M

2.3 Liquidity

  • A Current Ratio of 0.86 indicates that ECOM may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.86, ECOM is doing worse than 63.64% of the companies in the same industry.
  • A Quick Ratio of 0.57 indicates that ECOM may have some problems paying its short term obligations.
  • ECOM's Quick ratio of 0.57 is on the low side compared to the rest of the industry. ECOM is outperformed by 81.82% of its industry peers.
Industry RankSector Rank
Current Ratio 0.86
Quick Ratio 0.57
ECOM.CA Yearly Current Assets VS Current LiabilitesECOM.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • ECOM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 101.94%, which is quite impressive.
  • The Revenue has grown by 24.43% in the past year. This is a very strong growth!
  • ECOM shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 37.47% yearly.
EPS 1Y (TTM)101.94%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%101.75%
Revenue 1Y (TTM)24.43%
Revenue growth 3Y-16.3%
Revenue growth 5Y37.47%
Sales Q2Q%52.55%

3.2 Future

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
ECOM.CA Yearly Revenue VS EstimatesECOM.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
ECOM.CA Yearly EPS VS EstimatesECOM.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 -0.05 -0.1 -0.15

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

Industry RankSector Rank
PE N/A
Fwd PE N/A
ECOM.CA Price Earnings VS Forward Price EarningsECOM.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

  • ECOM's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ECOM is cheaper than 63.64% of the companies in the same industry.
  • 100.00% of the companies in the same industry are more expensive than ECOM, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 4.7
EV/EBITDA 28.7
ECOM.CA Per share dataECOM.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.05 -0.05 0.1 0.15

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • ECOM does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

EMERGE COMMERCE LTD

TSX-V:ECOM (2/5/2026, 7:00:00 PM)

0.11

-0.01 (-4.35%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)04-28
Earnings (Next)N/A
Inst OwnersN/A
Inst Owner ChangeN/A
Ins Owners15%
Ins Owner ChangeN/A
Market Cap16.44M
Revenue(TTM)26.15M
Net Income(TTM)917.30K
Analysts80
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.63
P/FCF 4.7
P/OCF 4.7
P/B N/A
P/tB N/A
EV/EBITDA 28.7
EPS(TTM)0
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.02
FCFY21.28%
OCF(TTM)0.02
OCFY21.29%
SpS0.17
BVpS-0.05
TBVpS-0.07
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 8.24%
ROE N/A
ROCE 24.77%
ROIC 16.04%
ROICexc N/A
ROICexgc N/A
OM 1.69%
PM (TTM) 3.51%
GM 36.72%
FCFM 13.38%
ROA(3y)-42.68%
ROA(5y)-29.28%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.37%
GM growth 5Y-12.96%
F-Score5
Asset Turnover2.35
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 2.21
Debt/EBITDA 10.57
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 0.48
Cash Conversion 506.01%
Profit Quality 381.42%
Current Ratio 0.86
Quick Ratio 0.57
Altman-Z -4.17
F-Score5
WACC9.06%
ROIC/WACC1.77
Cap/Depr(3y)0.54%
Cap/Depr(5y)1.38%
Cap/Sales(3y)0.08%
Cap/Sales(5y)0.22%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)101.94%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%101.75%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)24.43%
Revenue growth 3Y-16.3%
Revenue growth 5Y37.47%
Sales Q2Q%52.55%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y147.13%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-12.54%
FCF growth 3YN/A
FCF growth 5Y-48.26%
OCF growth 1Y-12.96%
OCF growth 3YN/A
OCF growth 5Y-48.9%

EMERGE COMMERCE LTD / ECOM.CA FAQ

What is the fundamental rating for ECOM stock?

ChartMill assigns a fundamental rating of 3 / 10 to ECOM.CA.


What is the valuation status of EMERGE COMMERCE LTD (ECOM.CA) stock?

ChartMill assigns a valuation rating of 2 / 10 to EMERGE COMMERCE LTD (ECOM.CA). This can be considered as Overvalued.


What is the profitability of ECOM stock?

EMERGE COMMERCE LTD (ECOM.CA) has a profitability rating of 4 / 10.