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EMERGE COMMERCE LTD (ECOM.CA) Stock Fundamental Analysis

Canada - TSX Venture Exchange - TSX-V:ECOM - CA29104G1081 - Common Stock

0.135 CAD
-0.01 (-3.57%)
Last: 1/8/2026, 7:00:00 PM
Fundamental Rating

3

Taking everything into account, ECOM scores 3 out of 10 in our fundamental rating. ECOM was compared to 12 industry peers in the IT Services industry. ECOM has a bad profitability rating. Also its financial health evaluation is rather negative. While showing a medium growth rate, ECOM is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

In the past year ECOM has reported negative net income.
ECOM had a positive operating cash flow in the past year.
ECOM had negative earnings in each of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: ECOM reported negative operating cash flow in multiple 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

With a decent Return On Assets value of 8.24%, ECOM is doing good in the industry, outperforming 75.00% of the companies in the same industry.
ECOM has a Return On Invested Capital of 16.04%. This is amongst the best in the industry. ECOM outperforms 100.00% of its industry peers.
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

ECOM has a Profit Margin of 3.51%. This is in the better half of the industry: ECOM outperforms 75.00% of its industry peers.
ECOM has a better Operating Margin (1.69%) than 66.67% of its industry peers.
The Gross Margin of ECOM (36.72%) is better than 66.67% 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

3

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), ECOM is creating value.
ECOM has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, ECOM has more shares outstanding
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 -4.05. This is a bad value and indicates that ECOM is not financially healthy and even has some risk of bankruptcy.
ECOM has a Altman-Z score (-4.05) which is comparable to the rest of the 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's Debt to FCF ratio of 2.21 is amongst the best of the industry. ECOM outperforms 83.33% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 2.21
Altman-Z -4.05
ROIC/WACC1.8
WACC8.9%
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.
With a Current ratio value of 0.86, ECOM perfoms like the industry average, outperforming 41.67% 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 has a Quick ratio of 0.57. This is in the lower half of the industry: ECOM underperforms 75.00% 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

4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 101.94% over the past year.
ECOM shows a strong growth in Revenue. In the last year, the Revenue has grown by 24.43%.
Measured over the past years, ECOM shows a very strong growth in Revenue. The Revenue has been growing by 37.47% on average per year.
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

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

Based on the Enterprise Value to EBITDA ratio, ECOM is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ECOM indicates a rather cheap valuation: ECOM is cheaper than 100.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 5.77
EV/EBITDA 34.1
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

0

5. Dividend

5.1 Amount

No dividends for ECOM!.
Industry RankSector Rank
Dividend Yield 0%

EMERGE COMMERCE LTD

TSX-V:ECOM (1/8/2026, 7:00:00 PM)

0.135

-0.01 (-3.57%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)04-28 2025-04-28
Earnings (Next)N/A N/A
Inst OwnersN/A
Inst Owner ChangeN/A
Ins Owners15%
Ins Owner ChangeN/A
Market Cap20.18M
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 0.77
P/FCF 5.77
P/OCF 5.76
P/B N/A
P/tB N/A
EV/EBITDA 34.1
EPS(TTM)0
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.02
FCFY17.34%
OCF(TTM)0.02
OCFY17.35%
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 -4.05
F-Score5
WACC8.9%
ROIC/WACC1.8
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 3 / 10.