TANTALUS SYSTEMS HOLDING INC (GRID.CA) Stock Fundamental Analysis
TSX:GRID - CA87601F1062 - Common Stock
2.87 CAD
+0.14 (+5.13%)
GRID gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 14 industry peers in the Electronic Equipment, Instruments & Components industry. There are concerns on the financial health of GRID while its profitability can be described as average. 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.
The reported operating cash flow has been mixed in the past 5 years: GRID reported negative operating cash flow in multiple years.
1.2 Ratios
The Return On Assets of GRID (-4.14%) is better than 64.29% of its industry peers.
GRID has a Return On Equity (-27.25%) which is in line with its industry peers.
The Return On Invested Capital of GRID (0.53%) is better than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.14% | ||
| ROE | -27.25% | ||
| ROIC | 0.53% |
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
With a decent Operating Margin value of 0.20%, GRID is doing good in the industry, outperforming 71.43% of the companies in the same industry.
GRID has a better Gross Margin (54.07%) than 85.71% of its industry peers.
In the last couple of years the Gross Margin of GRID has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.2% | ||
| PM (TTM) | N/A | ||
| GM | 54.07% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so GRID is destroying value.
GRID has more shares outstanding than it did 1 year ago.
GRID has more shares outstanding than it did 5 years ago.
GRID has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.00, we must say that GRID is in the distress zone and has some risk of bankruptcy.
GRID has a worse Altman-Z score (0.00) than 71.43% of its industry peers.
GRID has a debt to FCF ratio of 2.10. This is a good value and a sign of high solvency as GRID would need 2.10 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.10, GRID belongs to the top of the industry, outperforming 92.86% of the companies in the same industry.
A Debt/Equity ratio of 1.18 is on the high side and indicates that GRID has dependencies on debt financing.
With a Debt to Equity ratio value of 1.18, GRID is not doing good in the industry: 78.57% of the companies in the same industry are doing better.
Although GRID does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | 2.1 | ||
| Altman-Z | 0 |
ROIC/WACC0.06
WACC8.92%
2.3 Liquidity
A Current Ratio of 1.07 indicates that GRID should not have too much problems paying its short term obligations.
GRID has a worse Current ratio (1.07) than 78.57% of its industry peers.
A Quick Ratio of 0.87 indicates that GRID may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.87, GRID is in line with its industry, outperforming 42.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.07 | ||
| Quick Ratio | 0.87 |
3. Growth
3.1 Past
GRID shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 62.50%, which is quite impressive.
Looking at the last year, GRID shows a very strong growth in Revenue. The Revenue has grown by 20.98%.
The Revenue has been growing slightly by 1.28% on average over the past years.
EPS 1Y (TTM)62.5%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0%
Revenue 1Y (TTM)20.98%
Revenue growth 3Y11.26%
Revenue growth 5Y1.28%
Sales Q2Q%21.89%
3.2 Future
GRID is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 46.15% yearly.
GRID is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 36.34% yearly.
EPS Next Y23.5%
EPS Next 2Y58.43%
EPS Next 3Y46.15%
EPS Next 5YN/A
Revenue Next Year19.42%
Revenue Next 2Y19.57%
Revenue Next 3Y20.25%
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.
The Price/Forward Earnings ratio is 81.87, which means the current valuation is very expensive for GRID.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GRID indicates a somewhat cheap valuation: GRID is cheaper than 78.57% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.76, GRID is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 81.87 |
4.2 Price Multiples
GRID's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. GRID is cheaper than 71.43% of the companies in the same industry.
GRID's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. GRID is cheaper than 78.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.47 | ||
| EV/EBITDA | 58.43 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
GRID's earnings are expected to grow with 46.15% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y58.43%
EPS Next 3Y46.15%
5. Dividend
5.1 Amount
GRID does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TSX:GRID (8/29/2025, 7:00:00 PM)
2.87
+0.14 (+5.13%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners16.56%
Inst Owner ChangeN/A
Ins Owners4.51%
Ins Owner ChangeN/A
Market Cap146.97M
Analysts83.33
Price Target4.76 (65.85%)
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)1
Avg EPS beat(2)-47.06%
Min EPS beat(2)-96.08%
Max EPS beat(2)1.96%
EPS beat(4)3
Avg EPS beat(4)44.83%
Min EPS beat(4)-96.08%
Max EPS beat(4)246.99%
EPS beat(8)6
Avg EPS beat(8)31.27%
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)3.94%
Min Revenue beat(2)3.78%
Max Revenue beat(2)4.1%
Revenue beat(4)4
Avg Revenue beat(4)3.2%
Min Revenue beat(4)1.93%
Max Revenue beat(4)4.1%
Revenue beat(8)5
Avg Revenue beat(8)-1.4%
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)4.87%
PT rev (3m)35.27%
EPS NQ rev (1m)-100%
EPS NQ rev (3m)N/A
EPS NY rev (1m)-368.75%
EPS NY rev (3m)-368.75%
Revenue NQ rev (1m)-0.82%
Revenue NQ rev (3m)0.59%
Revenue NY rev (1m)0.37%
Revenue NY rev (3m)1.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 81.87 | ||
| P/S | 2.17 | ||
| P/FCF | 25.47 | ||
| P/OCF | 21.85 | ||
| P/B | 17.92 | ||
| P/tB | N/A | ||
| EV/EBITDA | 58.43 |
EPS(TTM)-0.04
EYN/A
EPS(NY)0.04
Fwd EY1.22%
FCF(TTM)0.11
FCFY3.93%
OCF(TTM)0.13
OCFY4.58%
SpS1.32
BVpS0.16
TBVpS-0.07
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.14% | ||
| ROE | -27.25% | ||
| ROCE | 0.74% | ||
| ROIC | 0.53% | ||
| ROICexc | 3.71% | ||
| ROICexgc | N/A | ||
| OM | 0.2% | ||
| PM (TTM) | N/A | ||
| GM | 54.07% | ||
| FCFM | 8.54% |
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-Score6
Asset Turnover1.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | 2.1 | ||
| Debt/EBITDA | 3.92 | ||
| Cap/Depr | 41.13% | ||
| Cap/Sales | 1.42% | ||
| Interest Coverage | 0.07 | ||
| Cash Conversion | 273.5% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.07 | ||
| Quick Ratio | 0.87 | ||
| Altman-Z | 0 |
F-Score6
WACC8.92%
ROIC/WACC0.06
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)62.5%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0%
EPS Next Y23.5%
EPS Next 2Y58.43%
EPS Next 3Y46.15%
EPS Next 5YN/A
Revenue 1Y (TTM)20.98%
Revenue growth 3Y11.26%
Revenue growth 5Y1.28%
Sales Q2Q%21.89%
Revenue Next Year19.42%
Revenue Next 2Y19.57%
Revenue Next 3Y20.25%
Revenue Next 5Y36.34%
EBIT growth 1Y103.81%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year166.63%
EBIT Next 3Y78.71%
EBIT Next 5Y100.86%
FCF growth 1Y308.83%
FCF growth 3YN/A
FCF growth 5Y1.1%
OCF growth 1Y349.68%
OCF growth 3YN/A
OCF growth 5Y-3.79%