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 4 out of 10 to GRID. GRID was compared to 13 industry peers in the Electronic Equipment, Instruments & Components industry. Both the profitability and financial health of GRID have multiple concerns. GRID has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year GRID has reported negative net income.
GRID had a positive operating cash flow in the past year.
In the past 5 years GRID reported 4 times negative net income.
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
GRID has a Return On Assets of -3.92%. This is in the better half of the industry: GRID outperforms 61.54% of its industry peers.
GRID's Return On Equity of -26.83% is in line compared to the rest of the industry. GRID outperforms 46.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.92% | ||
| ROE | -26.83% | ||
| 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
The Gross Margin of GRID (54.50%) is better than 84.62% of its industry peers.
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 | 54.5% |
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
The number of shares outstanding for GRID has been increased compared to 5 years ago.
GRID has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.01, we must say that GRID is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.01, GRID is not doing good in the industry: 69.23% of the companies in the same industry are doing better.
GRID has a debt to FCF ratio of 2.25. This is a good value and a sign of high solvency as GRID would need 2.25 years to pay back of all of its debts.
GRID has a Debt to FCF ratio of 2.25. This is amongst the best in the industry. GRID outperforms 84.62% of its industry peers.
A Debt/Equity ratio of 1.52 is on the high side and indicates that GRID has dependencies on debt financing.
GRID has a Debt to Equity ratio of 1.52. This is amonst the worse of the industry: GRID underperforms 84.62% of its industry peers.
Even though the debt/equity ratio score it not favorable for GRID, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.52 | ||
| Debt/FCF | 2.25 | ||
| Altman-Z | 0.01 |
ROIC/WACCN/A
WACC8.65%
2.3 Liquidity
A Current Ratio of 1.04 indicates that GRID should not have too much problems paying its short term obligations.
With a Current ratio value of 1.04, GRID is not doing good in the industry: 84.62% of the companies in the same industry are doing better.
A Quick Ratio of 0.88 indicates that GRID may have some problems paying its short term obligations.
With a Quick ratio value of 0.88, GRID is not doing good in the industry: 61.54% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.04 | ||
| Quick Ratio | 0.88 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 62.96% over the past year.
The Revenue has grown by 13.85% in the past year. This is quite good.
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)62.96%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%66.67%
Revenue 1Y (TTM)13.85%
Revenue growth 3Y11.26%
Revenue growth 5Y1.28%
Sales Q2Q%26.71%
3.2 Future
GRID is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 66.93% yearly.
The Revenue is expected to grow by 36.34% on average over the next years. This is a very strong growth
EPS Next Y83.68%
EPS Next 2Y61.62%
EPS Next 3Y66.93%
EPS Next 5YN/A
Revenue Next Year18.98%
Revenue Next 2Y19.19%
Revenue Next 3Y20.75%
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.
4. Valuation
4.1 Price/Earnings Ratio
GRID reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
With a Price/Forward Earnings ratio of 72.44, GRID can be considered very expensive at the moment.
76.92% of the companies in the same industry are more expensive than GRID, based on the Price/Forward Earnings ratio.
GRID is valuated expensively when we compare the Price/Forward Earnings ratio to 35.78, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 72.44 |
4.2 Price Multiples
61.54% of the companies in the same industry are more expensive than GRID, based on the Enterprise Value to EBITDA ratio.
GRID's Price/Free Cash Flow ratio is rather cheap when compared to the industry. GRID is cheaper than 84.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.38 | ||
| EV/EBITDA | 80.35 |
4.3 Compensation for Growth
GRID's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
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 (8/13/2025, 7:00:00 PM)
3.05
0 (0%)
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 Cap156.19M
Analysts83.33
Price Target4.54 (48.85%)
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)2
Avg EPS beat(2)124.47%
Min EPS beat(2)1.96%
Max EPS beat(2)246.99%
EPS beat(4)4
Avg EPS beat(4)72.84%
Min EPS beat(4)1.96%
Max EPS beat(4)246.99%
EPS beat(8)7
Avg EPS beat(8)47.2%
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)3.38%
Min Revenue beat(2)2.97%
Max Revenue beat(2)3.78%
Revenue beat(4)4
Avg Revenue beat(4)2.63%
Min Revenue beat(4)1.83%
Max Revenue beat(4)3.78%
Revenue beat(8)5
Avg Revenue beat(8)-0.79%
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)24.48%
PT rev (3m)28.99%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.28%
Revenue NY rev (1m)1.01%
Revenue NY rev (3m)1.01%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 72.44 | ||
| P/S | 2.42 | ||
| P/FCF | 20.38 | ||
| P/OCF | 18.54 | ||
| P/B | 17.67 | ||
| P/tB | N/A | ||
| EV/EBITDA | 80.35 |
EPS(TTM)-0.04
EYN/A
EPS(NY)0.04
Fwd EY1.38%
FCF(TTM)0.15
FCFY4.91%
OCF(TTM)0.16
OCFY5.39%
SpS1.26
BVpS0.17
TBVpS-0.06
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.92% | ||
| ROE | -26.83% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 54.5% | ||
| FCFM | 11.9% |
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-Score5
Asset Turnover1.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.52 | ||
| Debt/FCF | 2.25 | ||
| Debt/EBITDA | 7.39 | ||
| Cap/Depr | 31.98% | ||
| Cap/Sales | 1.18% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 462.2% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.04 | ||
| Quick Ratio | 0.88 | ||
| Altman-Z | 0.01 |
F-Score5
WACC8.65%
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)62.96%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%66.67%
EPS Next Y83.68%
EPS Next 2Y61.62%
EPS Next 3Y66.93%
EPS Next 5YN/A
Revenue 1Y (TTM)13.85%
Revenue growth 3Y11.26%
Revenue growth 5Y1.28%
Sales Q2Q%26.71%
Revenue Next Year18.98%
Revenue Next 2Y19.19%
Revenue Next 3Y20.75%
Revenue Next 5Y36.34%
EBIT growth 1Y82.05%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year166.63%
EBIT Next 3Y78.71%
EBIT Next 5Y100.86%
FCF growth 1Y538.58%
FCF growth 3YN/A
FCF growth 5Y1.1%
OCF growth 1Y637%
OCF growth 3YN/A
OCF growth 5Y-3.79%