TANTALUS SYSTEMS HOLDING INC (GRID.CA) Stock Fundamental Analysis
Canada - TSX:GRID - CA87601F1062 - Common Stock
4.09 CAD
+0.14 (+3.54%)
Taking everything into account, GRID scores 4 out of 10 in our fundamental rating. GRID was compared to 12 industry peers in the Electronic Equipment, Instruments & Components industry. While GRID is still in line with the averages on profitability rating, there are concerns on its financial health. GRID has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year GRID has reported negative net income.
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 better Return On Assets (-4.14%) than 66.67% of its industry peers.
Looking at the Return On Equity, with a value of -27.25%, GRID is in line with its industry, outperforming 50.00% of the companies in the same industry.
The Return On Invested Capital of GRID (0.53%) is better than 75.00% 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
The Operating Margin of GRID (0.20%) is better than 75.00% of its industry peers.
With an excellent Gross Margin value of 54.07%, GRID belongs to the best of the industry, outperforming 91.67% of the companies in the same industry.
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.
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
Based on the Altman-Z score of 0.78, we must say that GRID is in the distress zone and has some risk of bankruptcy.
GRID has a Altman-Z score (0.78) which is comparable to the rest of the industry.
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.
GRID has a Debt to FCF ratio of 2.10. This is amongst the best in the industry. GRID outperforms 91.67% of its industry peers.
GRID has a Debt/Equity ratio of 1.18. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of GRID (1.18) is worse than 83.33% of its industry peers.
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 | 0.78 |
ROIC/WACC0.06
WACC8.47%
2.3 Liquidity
GRID has a Current Ratio of 1.07. This is a normal value and indicates that GRID is financially healthy and should not expect problems in meeting its short term obligations.
GRID has a Current ratio of 1.07. This is amonst the worse of the industry: GRID underperforms 83.33% of its industry peers.
GRID has a Quick Ratio of 1.07. This is a bad value and indicates that GRID is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.87, GRID is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
| 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.
The Revenue has grown by 20.98% 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)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 53.71% yearly.
The Revenue is expected to grow by 36.34% on average over the next years. This is a very strong growth
EPS Next Y23.5%
EPS Next 2Y56.81%
EPS Next 3Y53.71%
EPS Next 5YN/A
Revenue Next Year19.73%
Revenue Next 2Y19.34%
Revenue Next 3Y19.04%
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
The Price/Earnings Ratio is negative for GRID. In the last year negative earnings were reported.
GRID is valuated quite expensively with a Price/Forward Earnings ratio of 127.19.
GRID's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. GRID is cheaper than 75.00% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of GRID to the average of the S&P500 Index (35.42), we can say GRID is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 127.19 |
4.2 Price Multiples
75.00% of the companies in the same industry are more expensive than GRID, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, GRID is valued cheaper than 83.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 35.77 | ||
| EV/EBITDA | 82.58 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates GRID does not grow enough to justify the current Price/Earnings ratio.
GRID's earnings are expected to grow with 53.71% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y56.81%
EPS Next 3Y53.71%
5. Dividend
5.1 Amount
No dividends for GRID!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TSX:GRID (11/19/2025, 7:00:00 PM)
4.09
+0.14 (+3.54%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners18.74%
Inst Owner ChangeN/A
Ins Owners4.39%
Ins Owner ChangeN/A
Market Cap210.35M
Revenue(TTM)49.17M
Net Income(TTM)-1.63M
Analysts83.33
Price Target4.89 (19.56%)
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)2.68%
PT rev (3m)7.68%
EPS NQ rev (1m)33.3%
EPS NQ rev (3m)33.3%
EPS NY rev (1m)0%
EPS NY rev (3m)-368.75%
Revenue NQ rev (1m)1.93%
Revenue NQ rev (3m)1.53%
Revenue NY rev (1m)0.26%
Revenue NY rev (3m)0.63%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 127.19 | ||
| P/S | 3.05 | ||
| P/FCF | 35.77 | ||
| P/OCF | 30.68 | ||
| P/B | 25.16 | ||
| P/tB | N/A | ||
| EV/EBITDA | 82.58 |
EPS(TTM)-0.04
EYN/A
EPS(NY)0.03
Fwd EY0.79%
FCF(TTM)0.11
FCFY2.8%
OCF(TTM)0.13
OCFY3.26%
SpS1.34
BVpS0.16
TBVpS-0.07
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/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
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-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 | 0.78 |
F-Score6
WACC8.47%
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 2Y56.81%
EPS Next 3Y53.71%
EPS Next 5YN/A
Revenue 1Y (TTM)20.98%
Revenue growth 3Y11.26%
Revenue growth 5Y1.28%
Sales Q2Q%21.89%
Revenue Next Year19.73%
Revenue Next 2Y19.34%
Revenue Next 3Y19.04%
Revenue Next 5Y36.34%
EBIT growth 1Y103.81%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year183.07%
EBIT Next 3Y77.68%
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%
TANTALUS SYSTEMS HOLDING INC / GRID.CA FAQ
Can you provide the ChartMill fundamental rating for TANTALUS SYSTEMS HOLDING INC?
ChartMill assigns a fundamental rating of 4 / 10 to GRID.CA.
Can you provide the valuation status for TANTALUS SYSTEMS HOLDING INC?
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 earnings growth outlook for TANTALUS SYSTEMS HOLDING INC?
The Earnings per Share (EPS) of TANTALUS SYSTEMS HOLDING INC (GRID.CA) is expected to grow by 23.5% in the next year.