TANTALUS SYSTEMS HOLDING INC (GRID.CA) Stock Fundamental Analysis
TSX:GRID - Toronto Stock Exchange - CA87601F1062 - Common Stock - Currency: CAD
We assign a fundamental rating of 3 out of 10 to GRID. GRID was compared to 14 industry peers in the Electronic Equipment, Instruments & Components industry. GRID may be in some trouble as it scores bad on both profitability and health. GRID is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
GRID had negative earnings in the past year.
In the past year GRID had a positive cash flow from operations.
GRID had negative earnings in 4 of the past 5 years.
In multiple years GRID reported negative operating cash flow during the last 5 years.
1.2 Ratios
GRID has a Return On Assets of -6.32%. This is comparable to the rest of the industry: GRID outperforms 50.00% of its industry peers.
The Return On Equity of GRID (-37.86%) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -6.32% | ||
| ROE | -37.86% | ||
| ROIC | N/A |
ROA(3y)-8.36%
ROA(5y)-8.28%
ROE(3y)-85.26%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Gross Margin, with a value of 54.21%, GRID belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
GRID's Gross Margin has improved in the last couple of years.
GRID does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 54.21% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y6.72%
GM growth 5Y4.17%
2. Health
2.1 Basic Checks
GRID does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, GRID has more shares outstanding
GRID has more shares outstanding than it did 5 years ago.
The debt/assets ratio for GRID has been reduced compared to a year ago.
2.2 Solvency
GRID has an Altman-Z score of -0.46. This is a bad value and indicates that GRID is not financially healthy and even has some risk of bankruptcy.
GRID's Altman-Z score of -0.46 is on the low side compared to the rest of the industry. GRID is outperformed by 64.29% of its industry peers.
GRID has a debt to FCF ratio of 5.75. This is a neutral value as GRID would need 5.75 years to pay back of all of its debts.
GRID has a better Debt to FCF ratio (5.75) than 71.43% of its industry peers.
A Debt/Equity ratio of 1.50 is on the high side and indicates that GRID has dependencies on debt financing.
GRID has a worse Debt to Equity ratio (1.50) than 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.5 | ||
| Debt/FCF | 5.75 | ||
| Altman-Z | -0.46 |
ROIC/WACCN/A
WACC7.95%
2.3 Liquidity
GRID has a Current Ratio of 1.08. This is a normal value and indicates that GRID is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.08, GRID is not doing good in the industry: 78.57% of the companies in the same industry are doing better.
A Quick Ratio of 0.90 indicates that GRID may have some problems paying its short term obligations.
With a Quick ratio value of 0.90, GRID is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.08 | ||
| Quick Ratio | 0.9 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 43.18% over the past year.
The Revenue has been growing slightly by 5.15% in the past year.
GRID shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.28% yearly.
EPS 1Y (TTM)43.18%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%200%
Revenue 1Y (TTM)5.15%
Revenue growth 3Y11.26%
Revenue growth 5Y1.28%
Sales Q2Q%21.4%
3.2 Future
Based on estimates for the next years, GRID will show a very strong growth in Earnings Per Share. The EPS will grow by 66.93% on average per year.
GRID is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 36.34% yearly.
EPS Next Y83.68%
EPS Next 2Y61.62%
EPS Next 3Y66.93%
EPS Next 5YN/A
Revenue Next Year17.21%
Revenue Next 2Y17.72%
Revenue Next 3Y22.38%
Revenue Next 5Y36.34%
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
GRID 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 GRID. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
GRID's Enterprise Value to EBITDA is on the same level as the industry average.
GRID's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. GRID is cheaper than 71.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 39.61 | ||
| EV/EBITDA | 171.79 |
4.3 Compensation for Growth
A more expensive valuation may be justified as GRID's earnings are expected to grow with 66.93% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y61.62%
EPS Next 3Y66.93%
5. Dividend
5.1 Amount
GRID does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TSX:GRID (5/2/2025, 7:00:00 PM)
2.39
+0.04 (+1.7%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners16.82%
Inst Owner ChangeN/A
Ins Owners3.92%
Ins Owner ChangeN/A
Market Cap121.96M
Analysts83.33
Price Target3.47 (45.19%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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)2
Avg EPS beat(2)136.72%
Min EPS beat(2)26.45%
Max EPS beat(2)246.99%
EPS beat(4)3
Avg EPS beat(4)60.58%
Min EPS beat(4)-47.06%
Max EPS beat(4)246.99%
EPS beat(8)6
Avg EPS beat(8)44.34%
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)2
Avg Revenue beat(2)2.45%
Min Revenue beat(2)1.93%
Max Revenue beat(2)2.97%
Revenue beat(4)3
Avg Revenue beat(4)-0.2%
Min Revenue beat(4)-7.52%
Max Revenue beat(4)2.97%
Revenue beat(8)4
Avg Revenue beat(8)-1.38%
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)11.48%
PT rev (3m)11.48%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-6.67%
EPS NY rev (3m)-100%
Revenue NQ rev (1m)-2.92%
Revenue NQ rev (3m)-2.92%
Revenue NY rev (1m)0.23%
Revenue NY rev (3m)0.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 1.99 | ||
| P/FCF | 39.61 | ||
| P/OCF | 33.46 | ||
| P/B | 12.72 | ||
| P/tB | N/A | ||
| EV/EBITDA | 171.79 |
EPS(TTM)-0.07
EYN/A
EPS(NY)-0.01
Fwd EYN/A
FCF(TTM)0.06
FCFY2.52%
OCF(TTM)0.07
OCFY2.99%
SpS1.2
BVpS0.19
TBVpS-0.05
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -6.32% | ||
| ROE | -37.86% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 54.21% | ||
| FCFM | 5.03% |
ROA(3y)-8.36%
ROA(5y)-8.28%
ROE(3y)-85.26%
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 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 3Y6.72%
GM growth 5Y4.17%
F-Score4
Asset Turnover1.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.5 | ||
| Debt/FCF | 5.75 | ||
| Debt/EBITDA | 21.31 | ||
| Cap/Depr | 23.36% | ||
| Cap/Sales | 0.92% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 538.29% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.08 | ||
| Quick Ratio | 0.9 | ||
| Altman-Z | -0.46 |
F-Score4
WACC7.95%
ROIC/WACCN/A
Cap/Depr(3y)15.84%
Cap/Depr(5y)26.23%
Cap/Sales(3y)0.67%
Cap/Sales(5y)1.25%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)43.18%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%200%
EPS Next Y83.68%
EPS Next 2Y61.62%
EPS Next 3Y66.93%
EPS Next 5YN/A
Revenue 1Y (TTM)5.15%
Revenue growth 3Y11.26%
Revenue growth 5Y1.28%
Sales Q2Q%21.4%
Revenue Next Year17.21%
Revenue Next 2Y17.72%
Revenue Next 3Y22.38%
Revenue Next 5Y36.34%
EBIT growth 1Y44.86%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year195.73%
EBIT Next 3Y81.23%
EBIT Next 5Y100.86%
FCF growth 1Y300.91%
FCF growth 3YN/A
FCF growth 5Y1.1%
OCF growth 1Y414.11%
OCF growth 3YN/A
OCF growth 5Y-3.79%