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

Canada • Toronto Stock Exchange • TSX:FORA • CA92537Y1043

2.71 CAD
-0.12 (-4.24%)
Last: Feb 6, 2026, 07:00 PM
Fundamental Rating

4

FORA gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 11 industry peers in the Interactive Media & Services industry. No worries on liquidiy or solvency for FORA as it has an excellent financial health rating, but there are worries on the profitability. FORA does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

3

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.
  • In the past 5 years FORA always reported negative net income.
  • In the past 5 years FORA always reported a positive cash flow from operatings.
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

  • FORA's Return On Assets of -4.00% is amongst the best of the industry. FORA outperforms 90.91% of its industry peers.
  • The Return On Equity of FORA (-6.40%) is better than 90.91% of its industry peers.
Industry RankSector Rank
ROA -4%
ROE -6.4%
ROIC N/A
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's Operating Margin has improved in the last couple of years.
  • FORA does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
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

8

2. Health

2.1 Basic Checks

  • FORA does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • 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.
  • Compared to 1 year ago, FORA has an improved debt to assets ratio.
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 -0.05. This is a bad value and indicates that FORA is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of -0.05, FORA belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
  • FORA has a debt to FCF ratio of 2.10. This is a good value and a sign of high solvency as FORA would need 2.10 years to pay back of all of its debts.
  • FORA has a better Debt to FCF ratio (2.10) than 90.91% 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.
  • Looking at the Debt to Equity ratio, with a value of 0.47, FORA belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 2.1
Altman-Z -0.05
ROIC/WACCN/A
WACC6.98%
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

  • FORA has a Current 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 Current ratio (2.16) than 81.82% of its industry peers.
  • A Quick Ratio of 2.16 indicates that FORA has no problem at all paying its short term obligations.
  • FORA's Quick ratio of 2.16 is amongst the best of the industry. FORA outperforms 81.82% 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

1

3. Growth

3.1 Past

  • FORA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -276.92%.
  • The Revenue has decreased by -6.57% in the past year.
  • FORA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.39% yearly.
EPS 1Y (TTM)-276.92%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-133.33%
Revenue 1Y (TTM)-6.57%
Revenue growth 3Y1.64%
Revenue growth 5Y3.39%
Sales Q2Q%-17.42%

3.2 Future

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • The Revenue is expected to decrease by -1.84% on average over the next years.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-12.84%
Revenue Next 2Y-5.28%
Revenue Next 3Y-1.84%
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

2

4. Valuation

4.1 Price/Earnings Ratio

  • FORA reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Also next year FORA is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
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 10 -10 20 -20

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, FORA is valued cheaply inside the industry as 90.91% of the companies are valued more expensively.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of FORA indicates a rather cheap valuation: FORA is cheaper than 100.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 2.19
EV/EBITDA 4.51
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

0

5. Dividend

5.1 Amount

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

VERTICALSCOPE HD SUB VOT

TSX:FORA (2/6/2026, 7:00:00 PM)

2.71

-0.12 (-4.24%)

Chartmill FA Rating
GICS IndustryGroupMedia & Entertainment
GICS IndustryInteractive Media & Services
Earnings (Last)11-05
Earnings (Next)03-10
Inst Owners19.76%
Inst Owner ChangeN/A
Ins Owners3.82%
Ins Owner ChangeN/A
Market Cap58.29M
Revenue(TTM)62.65M
Net Income(TTM)-5.29M
Analysts74.29
Price Target5.66 (108.86%)
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)1
Avg EPS beat(2)8.56%
Min EPS beat(2)-22.55%
Max EPS beat(2)39.67%
EPS beat(4)1
Avg EPS beat(4)-38.63%
Min EPS beat(4)-145.96%
Max EPS beat(4)39.67%
EPS beat(8)5
Avg EPS beat(8)215.29%
EPS beat(12)9
Avg EPS beat(12)166.73%
EPS beat(16)9
Avg EPS beat(16)56.44%
Revenue beat(2)1
Avg Revenue beat(2)-1.66%
Min Revenue beat(2)-6.46%
Max Revenue beat(2)3.14%
Revenue beat(4)1
Avg Revenue beat(4)-1.27%
Min Revenue beat(4)-6.46%
Max Revenue beat(4)3.14%
Revenue beat(8)4
Avg Revenue beat(8)0.11%
Revenue beat(12)5
Avg Revenue beat(12)-1.79%
Revenue beat(16)7
Avg Revenue beat(16)-1.36%
PT rev (1m)-2.2%
PT rev (3m)-2.49%
EPS NQ rev (1m)33.33%
EPS NQ rev (3m)-76.47%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.17%
Revenue NQ rev (1m)-1.19%
Revenue NQ rev (3m)-5.08%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.85%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.68
P/FCF 2.19
P/OCF 2.02
P/B 0.52
P/tB N/A
EV/EBITDA 4.51
EPS(TTM)-0.31
EYN/A
EPS(NY)-0.11
Fwd EYN/A
FCF(TTM)1.24
FCFY45.64%
OCF(TTM)1.34
OCFY49.52%
SpS3.98
BVpS5.25
TBVpS-0.48
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -4%
ROE -6.4%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM 31.07%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/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
F-Score6
Asset Turnover0.47
Health
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 2.1
Debt/EBITDA 2.26
Cap/Depr 8.98%
Cap/Sales 2.64%
Interest Coverage N/A
Cash Conversion 121.62%
Profit Quality N/A
Current Ratio 2.16
Quick Ratio 2.16
Altman-Z -0.05
F-Score6
WACC6.98%
ROIC/WACCN/A
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)-276.92%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-133.33%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-6.57%
Revenue growth 3Y1.64%
Revenue growth 5Y3.39%
Sales Q2Q%-17.42%
Revenue Next Year-12.84%
Revenue Next 2Y-5.28%
Revenue Next 3Y-1.84%
Revenue Next 5YN/A
EBIT growth 1Y-114.57%
EBIT growth 3YN/A
EBIT growth 5Y14.5%
EBIT Next Year162.83%
EBIT Next 3Y44.35%
EBIT Next 5Y24.24%
FCF growth 1Y69.13%
FCF growth 3YN/A
FCF growth 5Y15.71%
OCF growth 1Y46.98%
OCF growth 3Y8.45%
OCF growth 5Y8.37%

VERTICALSCOPE HD SUB VOT / FORA.CA FAQ

What is the ChartMill fundamental rating of VERTICALSCOPE HD SUB VOT (FORA.CA) stock?

ChartMill assigns a fundamental rating of 4 / 10 to FORA.CA.


Can you provide the valuation status for VERTICALSCOPE HD SUB VOT?

ChartMill assigns a valuation rating of 2 / 10 to VERTICALSCOPE HD SUB VOT (FORA.CA). This can be considered as Overvalued.


How profitable is VERTICALSCOPE HD SUB VOT (FORA.CA) stock?

VERTICALSCOPE HD SUB VOT (FORA.CA) has a profitability rating of 3 / 10.


What is the financial health of VERTICALSCOPE HD SUB VOT (FORA.CA) stock?

The financial health rating of VERTICALSCOPE HD SUB VOT (FORA.CA) is 8 / 10.