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VERTICALSCOPE HD SUB VOT (FORA.CA) Stock Fundamental Analysis

TSX:FORA - CA92537Y1043 - Common Stock

3.36 CAD
+0.09 (+2.75%)
Last: 8/29/2025, 7:00:00 PM
Fundamental Rating

4

Overall FORA gets a fundamental rating of 4 out of 10. We evaluated FORA against 11 industry peers in the Interactive Media & Services industry. While FORA has a great health rating, its profitability is only average at the moment. FORA is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

FORA had negative earnings in the past year.
FORA had a positive operating cash flow in the past year.
FORA had negative earnings in each of the past 5 years.
FORA had a positive operating cash flow in each of the past 5 years.
FORA.CA Yearly Net Income VS EBIT VS OCF VS FCFFORA.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 0 10M -10M 20M -20M

1.2 Ratios

Looking at the Return On Assets, with a value of -2.77%, FORA is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
FORA has a better Return On Equity (-4.43%) than 80.00% of its industry peers.
FORA has a Return On Invested Capital of 0.77%. This is in the better half of the industry: FORA outperforms 80.00% of its industry peers.
Industry RankSector Rank
ROA -2.77%
ROE -4.43%
ROIC 0.77%
ROA(3y)-5.73%
ROA(5y)-4.91%
ROE(3y)-12.18%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
FORA.CA Yearly ROA, ROE, ROICFORA.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 0 -10 -20 -30

1.3 Margins

FORA has a better Operating Margin (1.98%) than 80.00% of its industry peers.
In the last couple of years the Operating Margin of FORA has grown nicely.
The Profit Margin and Gross Margin are not available for FORA so they could not be analyzed.
Industry RankSector Rank
OM 1.98%
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5Y10.75%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
FORA.CA Yearly Profit, Operating, Gross MarginsFORA.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20 -30

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7

2. Health

2.1 Basic Checks

FORA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for FORA has been reduced compared to 1 year ago.
The number of shares outstanding for FORA has been increased compared to 5 years ago.
The debt/assets ratio for FORA has been reduced compared to a year ago.
FORA.CA Yearly Shares OutstandingFORA.CA Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M
FORA.CA Yearly Total Debt VS Total AssetsFORA.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

2.2 Solvency

FORA has an Altman-Z score of 0.15. This is a bad value and indicates that FORA is not financially healthy and even has some risk of bankruptcy.
FORA has a Altman-Z score of 0.15. This is in the better half of the industry: FORA outperforms 70.00% of its industry peers.
The Debt to FCF ratio of FORA is 2.00, which is an excellent value as it means it would take FORA, only 2.00 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of FORA (2.00) is better than 80.00% of its industry peers.
FORA has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.47, FORA is doing good in the industry, outperforming 70.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 2
Altman-Z 0.15
ROIC/WACC0.09
WACC8.88%
FORA.CA Yearly LT Debt VS Equity VS FCFFORA.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M 60M 80M 100M

2.3 Liquidity

A Current Ratio of 2.16 indicates that FORA has no problem at all paying its short term obligations.
FORA has a Current ratio of 2.16. This is in the better half of the industry: FORA outperforms 70.00% of its industry peers.
FORA has a Quick Ratio of 2.16. This indicates that FORA is financially healthy and has no problem in meeting its short term obligations.
FORA has a better Quick ratio (2.16) than 70.00% of its industry peers.
Industry RankSector Rank
Current Ratio 2.16
Quick Ratio 2.16
FORA.CA Yearly Current Assets VS Current LiabilitesFORA.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 10M 20M 30M

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1

3. Growth

3.1 Past

The earnings per share for FORA have decreased strongly by -400.00% in the last year.
Looking at the last year, FORA shows a small growth in Revenue. The Revenue has grown by 1.50% in the last year.
Measured over the past years, FORA shows a small growth in Revenue. The Revenue has been growing by 3.39% on average per year.
EPS 1Y (TTM)-400%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-500%
Revenue 1Y (TTM)1.5%
Revenue growth 3Y1.64%
Revenue growth 5Y3.39%
Sales Q2Q%-12.87%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
Based on estimates for the next years, FORA will show a decrease in Revenue. The Revenue will decrease by -4.44% on average per year.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-11.2%
Revenue Next 2Y-4.57%
Revenue Next 3Y-4.44%
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
FORA.CA Yearly Revenue VS EstimatesFORA.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M 80M
FORA.CA Yearly EPS VS EstimatesFORA.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 0 -0.5 -1

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2

4. Valuation

4.1 Price/Earnings Ratio

FORA reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for FORA. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
FORA.CA Price Earnings VS Forward Price EarningsFORA.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20

4.2 Price Multiples

80.00% of the companies in the same industry are more expensive than FORA, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, FORA is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 2.57
EV/EBITDA 4.55
FORA.CA Per share dataFORA.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3 4 5

4.3 Compensation for Growth

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

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0

5. Dividend

5.1 Amount

FORA does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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VERTICALSCOPE HD SUB VOT

TSX:FORA (8/29/2025, 7:00:00 PM)

3.36

+0.09 (+2.75%)

Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryInteractive Media & Services
Earnings (Last)08-12 2025-08-12/amc
Earnings (Next)11-10 2025-11-10
Inst Owners3.49%
Inst Owner ChangeN/A
Ins Owners3.77%
Ins Owner ChangeN/A
Market Cap72.21M
Analysts75.71
Price Target5.8 (72.62%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
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)0
Avg EPS beat(2)-16.94%
Min EPS beat(2)-25.69%
Max EPS beat(2)-8.18%
EPS beat(4)1
Avg EPS beat(4)-11.13%
Min EPS beat(4)-145.96%
Max EPS beat(4)135.29%
EPS beat(8)5
Avg EPS beat(8)221.9%
EPS beat(12)8
Avg EPS beat(12)161.63%
EPS beat(16)8
Avg EPS beat(16)31.38%
Revenue beat(2)1
Avg Revenue beat(2)1.08%
Min Revenue beat(2)-0.98%
Max Revenue beat(2)3.14%
Revenue beat(4)2
Avg Revenue beat(4)1.07%
Min Revenue beat(4)-0.98%
Max Revenue beat(4)3.14%
Revenue beat(8)5
Avg Revenue beat(8)1.71%
Revenue beat(12)5
Avg Revenue beat(12)-1.5%
Revenue beat(16)7
Avg Revenue beat(16)-1.44%
PT rev (1m)-13.33%
PT rev (3m)-35.92%
EPS NQ rev (1m)-49.98%
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1570.37%
EPS NY rev (3m)-1570.37%
Revenue NQ rev (1m)0.57%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)1.16%
Revenue NY rev (3m)-2.1%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.8
P/FCF 2.57
P/OCF 2.36
P/B 0.64
P/tB N/A
EV/EBITDA 4.55
EPS(TTM)-0.21
EYN/A
EPS(NY)-0.08
Fwd EYN/A
FCF(TTM)1.31
FCFY38.91%
OCF(TTM)1.43
OCFY42.42%
SpS4.21
BVpS5.29
TBVpS-0.48
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -2.77%
ROE -4.43%
ROCE 1.07%
ROIC 0.77%
ROICexc 0.8%
ROICexgc 3.5%
OM 1.98%
PM (TTM) N/A
GM N/A
FCFM 31.08%
ROA(3y)-5.73%
ROA(5y)-4.91%
ROE(3y)-12.18%
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
ROICexcg growth 3YN/A
ROICexcg growth 5Y7.68%
ROICexc growth 3YN/A
ROICexc growth 5Y5.77%
OM growth 3YN/A
OM growth 5Y10.75%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.5
Health
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 2
Debt/EBITDA 2.02
Cap/Depr 10.18%
Cap/Sales 2.8%
Interest Coverage 0.39
Cash Conversion 114.91%
Profit Quality N/A
Current Ratio 2.16
Quick Ratio 2.16
Altman-Z 0.15
F-Score6
WACC8.88%
ROIC/WACC0.09
Cap/Depr(3y)15.93%
Cap/Depr(5y)37.19%
Cap/Sales(3y)6.3%
Cap/Sales(5y)12.65%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-400%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-500%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)1.5%
Revenue growth 3Y1.64%
Revenue growth 5Y3.39%
Sales Q2Q%-12.87%
Revenue Next Year-11.2%
Revenue Next 2Y-4.57%
Revenue Next 3Y-4.44%
Revenue Next 5YN/A
EBIT growth 1Y-75.07%
EBIT growth 3YN/A
EBIT growth 5Y14.5%
EBIT Next Year147.87%
EBIT Next 3Y42.71%
EBIT Next 5Y26.45%
FCF growth 1Y52.48%
FCF growth 3YN/A
FCF growth 5Y15.71%
OCF growth 1Y29.49%
OCF growth 3Y8.45%
OCF growth 5Y8.37%