TANTALUS SYSTEMS HOLDING INC (GRID.CA) Fundamental Analysis & Valuation

TSX:GRID • CA87601F1062

Current stock price

4.31 CAD
-0.29 (-6.3%)
Last:

This GRID.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. GRID.CA Profitability Analysis

1.1 Basic Checks

  • GRID had negative earnings in the past year.
  • GRID had a positive operating cash flow in the past year.
  • 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.
GRID.CA Yearly Net Income VS EBIT VS OCF VS FCFGRID.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 -5M -10M -15M

1.2 Ratios

  • With a decent Return On Assets value of -2.44%, GRID is doing good in the industry, outperforming 66.67% of the companies in the same industry.
  • GRID has a Return On Equity (-12.95%) which is in line with its industry peers.
  • Looking at the Return On Invested Capital, with a value of 2.92%, GRID is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
Industry RankSector Rank
ROA -2.44%
ROE -12.95%
ROIC 2.92%
ROA(3y)-8.36%
ROA(5y)-8.28%
ROE(3y)-85.26%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
GRID.CA Yearly ROA, ROE, ROICGRID.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 -100

1.3 Margins

  • GRID's Operating Margin of 1.06% is fine compared to the rest of the industry. GRID outperforms 66.67% of its industry peers.
  • Looking at the Gross Margin, with a value of 53.77%, GRID is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
  • In the last couple of years the Gross Margin of GRID has grown nicely.
Industry RankSector Rank
OM 1.06%
PM (TTM) N/A
GM 53.77%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y6.72%
GM growth 5Y4.17%
GRID.CA Yearly Profit, Operating, Gross MarginsGRID.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40

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3

2. GRID.CA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), GRID is destroying value.
  • GRID has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, GRID has more shares outstanding
  • The debt/assets ratio for GRID has been reduced compared to a year ago.
GRID.CA Yearly Shares OutstandingGRID.CA Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
GRID.CA Yearly Total Debt VS Total AssetsGRID.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M

2.2 Solvency

  • Based on the Altman-Z score of 1.67, we must say that GRID is in the distress zone and has some risk of bankruptcy.
  • GRID has a worse Altman-Z score (1.67) than 60.00% of its industry peers.
  • GRID has a debt to FCF ratio of 2.55. This is a good value and a sign of high solvency as GRID would need 2.55 years to pay back of all of its debts.
  • The Debt to FCF ratio of GRID (2.55) is better than 86.67% of its industry peers.
  • A Debt/Equity ratio of 0.98 indicates that GRID is somewhat dependend on debt financing.
  • GRID has a Debt to Equity ratio of 0.98. This is in the lower half of the industry: GRID underperforms 73.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.98
Debt/FCF 2.55
Altman-Z 1.67
ROIC/WACC0.34
WACC8.61%
GRID.CA Yearly LT Debt VS Equity VS FCFGRID.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 2M -2M 4M -4M 6M

2.3 Liquidity

  • A Current Ratio of 1.11 indicates that GRID should not have too much problems paying its short term obligations.
  • GRID has a Current ratio of 1.11. This is in the lower half of the industry: GRID underperforms 66.67% of its industry peers.
  • GRID has a Quick Ratio of 1.11. This is a bad value and indicates that GRID is not financially healthy enough and could expect problems in meeting its short term obligations.
  • GRID has a worse Quick ratio (0.84) than 66.67% of its industry peers.
Industry RankSector Rank
Current Ratio 1.11
Quick Ratio 0.84
GRID.CA Yearly Current Assets VS Current LiabilitesGRID.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. GRID.CA Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 85.71% over the past year.
  • The Revenue has grown by 23.01% in the past year. This is a very strong growth!
  • Measured over the past years, GRID shows a small growth in Revenue. The Revenue has been growing by 1.28% on average per year.
EPS 1Y (TTM)85.71%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%200%
Revenue 1Y (TTM)23.01%
Revenue growth 3Y11.26%
Revenue growth 5Y1.28%
Sales Q2Q%22.5%

3.2 Future

  • The Earnings Per Share is expected to grow by 50.08% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 36.34% on average over the next years. This is a very strong growth
EPS Next Y54.1%
EPS Next 2Y50.17%
EPS Next 3Y50.08%
EPS Next 5YN/A
Revenue Next Year22.1%
Revenue Next 2Y19.32%
Revenue Next 3Y20.54%
Revenue Next 5Y36.34%

3.3 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 accelerating.
GRID.CA Yearly Revenue VS EstimatesGRID.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 50M 100M 150M
GRID.CA Yearly EPS VS EstimatesGRID.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 0 0.05 -0.05 -0.1 -0.15

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3

4. GRID.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • GRID reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • A Price/Forward Earnings ratio of 246.45 indicates a quite expensive valuation of GRID.
  • GRID's Price/Forward Earnings is on the same level as the industry average.
  • GRID's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.42.
Industry RankSector Rank
PE N/A
Fwd PE 246.45
GRID.CA Price Earnings VS Forward Price EarningsGRID.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 200 -200 -400

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GRID indicates a somewhat cheap valuation: GRID is cheaper than 73.33% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, GRID is valued a bit cheaper than 80.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 50.71
EV/EBITDA 78.71
GRID.CA Per share dataGRID.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.2 0.4 0.6 0.8 1

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 50.08% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y50.17%
EPS Next 3Y50.08%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. GRID.CA Dividend Analysis

5.1 Amount

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

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GRID.CA Fundamentals: All Metrics, Ratios and Statistics

TANTALUS SYSTEMS HOLDING INC

TSX:GRID (3/20/2026, 7:00:00 PM)

4.31

-0.29 (-6.3%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)03-18
Earnings (Next)05-05
Inst Owners18.25%
Inst Owner ChangeN/A
Ins Owners5.56%
Ins Owner ChangeN/A
Market Cap241.40M
Revenue(TTM)51.78M
Net Income(TTM)-880.50K
Analysts85
Price Target6.99 (62.18%)
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)75.45%
Min EPS beat(2)-96.08%
Max EPS beat(2)246.99%
EPS beat(4)3
Avg EPS beat(4)99.96%
Min EPS beat(4)-96.08%
Max EPS beat(4)246.99%
EPS beat(8)6
Avg EPS beat(8)55.77%
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)4.6%
Min Revenue beat(2)4.1%
Max Revenue beat(2)5.1%
Revenue beat(4)4
Avg Revenue beat(4)3.99%
Min Revenue beat(4)2.97%
Max Revenue beat(4)5.1%
Revenue beat(8)6
Avg Revenue beat(8)-0.33%
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)-2.34%
PT rev (3m)26.51%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)3.56%
Revenue NQ rev (1m)-0.22%
Revenue NQ rev (3m)0.23%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)0.08%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 246.45
P/S 3.4
P/FCF 50.71
P/OCF 40.43
P/B 25.88
P/tB N/A
EV/EBITDA 78.71
EPS(TTM)-0.01
EYN/A
EPS(NY)0.02
Fwd EY0.41%
FCF(TTM)0.08
FCFY1.97%
OCF(TTM)0.11
OCFY2.47%
SpS1.27
BVpS0.17
TBVpS-0.04
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -2.44%
ROE -12.95%
ROCE 4.05%
ROIC 2.92%
ROICexc 10.67%
ROICexgc N/A
OM 1.06%
PM (TTM) N/A
GM 53.77%
FCFM 6.7%
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
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 3Y6.72%
GM growth 5Y4.17%
F-Score5
Asset Turnover1.44
Health
Industry RankSector Rank
Debt/Equity 0.98
Debt/FCF 2.55
Debt/EBITDA 3
Cap/Depr 52.64%
Cap/Sales 1.7%
Interest Coverage 0.43
Cash Conversion 195.75%
Profit Quality N/A
Current Ratio 1.11
Quick Ratio 0.84
Altman-Z 1.67
F-Score5
WACC8.61%
ROIC/WACC0.34
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)85.71%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%200%
EPS Next Y54.1%
EPS Next 2Y50.17%
EPS Next 3Y50.08%
EPS Next 5YN/A
Revenue 1Y (TTM)23.01%
Revenue growth 3Y11.26%
Revenue growth 5Y1.28%
Sales Q2Q%22.5%
Revenue Next Year22.1%
Revenue Next 2Y19.32%
Revenue Next 3Y20.54%
Revenue Next 5Y36.34%
EBIT growth 1Y128.07%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year204.82%
EBIT Next 3Y71.03%
EBIT Next 5Y100.86%
FCF growth 1Y294.97%
FCF growth 3YN/A
FCF growth 5Y1.1%
OCF growth 1Y340.48%
OCF growth 3YN/A
OCF growth 5Y-3.79%

TANTALUS SYSTEMS HOLDING INC / GRID.CA Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for TANTALUS SYSTEMS HOLDING INC?

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


What is the valuation status of TANTALUS SYSTEMS HOLDING INC (GRID.CA) stock?

ChartMill assigns a valuation rating of 4 / 10 to TANTALUS SYSTEMS HOLDING INC (GRID.CA). This can be considered as Fairly Valued.


Can you provide the profitability details for TANTALUS SYSTEMS HOLDING INC?

TANTALUS SYSTEMS HOLDING INC (GRID.CA) has a profitability rating of 4 / 10.


What is the expected EPS growth for TANTALUS SYSTEMS HOLDING INC (GRID.CA) stock?

The Earnings per Share (EPS) of TANTALUS SYSTEMS HOLDING INC (GRID.CA) is expected to grow by 54.1% in the next year.