Logo image of TMG.CA

THERMAL ENERGY INTL INC (TMG.CA) Stock Fundamental Analysis

TSX-V:TMG - TSX Venture Exchange - CA88346B1031 - Common Stock - Currency: CAD

0.15  -0.01 (-3.23%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to TMG. TMG was compared to 20 industry peers in the Machinery industry. While TMG is still in line with the averages on profitability rating, there are concerns on its financial health. TMG is growing strongly while it is still valued neutral. This is a good combination!


Dividend Valuation Growth Profitability Health

Quickly go to:

5

1. Profitability

1.1 Basic Checks

TMG had negative earnings in the past year.
In the past year TMG has reported a negative cash flow from operations.
The reported net income has been mixed in the past 5 years: TMG reported negative net income in multiple years.
The reported operating cash flow has been mixed in the past 5 years: TMG reported negative operating cash flow in multiple years.
TMG.CA Yearly Net Income VS EBIT VS OCF VS FCFTMG.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2M -2M 4M

1.2 Ratios

Looking at the Return On Assets, with a value of 1.06%, TMG belongs to the top of the industry, outperforming 85.00% of the companies in the same industry.
TMG's Return On Equity of 4.32% is amongst the best of the industry. TMG outperforms 90.00% of its industry peers.
TMG has a Return On Invested Capital of 2.97%. This is comparable to the rest of the industry: TMG outperforms 60.00% of its industry peers.
Industry RankSector Rank
ROA 1.06%
ROE 4.32%
ROIC 2.97%
ROA(3y)-3.05%
ROA(5y)-5.12%
ROE(3y)-38.39%
ROE(5y)-39.79%
ROIC(3y)N/A
ROIC(5y)N/A
TMG.CA Yearly ROA, ROE, ROICTMG.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100 -150

1.3 Margins

Looking at the Profit Margin, with a value of 0.50%, TMG is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
TMG's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 0.62%, TMG perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
With an excellent Gross Margin value of 38.71%, TMG belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
TMG's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 0.62%
PM (TTM) 0.5%
GM 38.71%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y40.66%
PM growth 5YN/A
GM growth 3Y3.04%
GM growth 5Y1.9%
TMG.CA Yearly Profit, Operating, Gross MarginsTMG.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40

More info and screens

2

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TMG is destroying value.
Compared to 1 year ago, TMG has more shares outstanding
The number of shares outstanding for TMG has been increased compared to 5 years ago.
Compared to 1 year ago, TMG has an improved debt to assets ratio.
TMG.CA Yearly Shares OutstandingTMG.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
TMG.CA Yearly Total Debt VS Total AssetsTMG.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M

2.2 Solvency

TMG has an Altman-Z score of 0.40. This is a bad value and indicates that TMG is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.40, TMG is not doing good in the industry: 65.00% of the companies in the same industry are doing better.
TMG has a Debt/Equity ratio of 0.29. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.29, TMG perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.29
Debt/FCF N/A
Altman-Z 0.4
ROIC/WACC0.32
WACC9.27%
TMG.CA Yearly LT Debt VS Equity VS FCFTMG.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2M 4M

2.3 Liquidity

TMG has a Current Ratio of 1.24. This is a normal value and indicates that TMG is financially healthy and should not expect problems in meeting its short term obligations.
TMG's Current ratio of 1.24 is on the low side compared to the rest of the industry. TMG is outperformed by 70.00% of its industry peers.
TMG has a Quick Ratio of 1.05. This is a normal value and indicates that TMG is financially healthy and should not expect problems in meeting its short term obligations.
TMG has a Quick ratio (1.05) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.24
Quick Ratio 1.05
TMG.CA Yearly Current Assets VS Current LiabilitesTMG.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M

More info and screens

7

3. Growth

3.1 Past

TMG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -85.33%.
The Earnings Per Share has been growing by 66.11% on average over the past years. This is a very strong growth
Looking at the last year, TMG shows a quite strong growth in Revenue. The Revenue has grown by 14.78% in the last year.
Measured over the past years, TMG shows a small growth in Revenue. The Revenue has been growing by 4.19% on average per year.
EPS 1Y (TTM)-85.33%
EPS 3Y66.11%
EPS 5YN/A
EPS Q2Q%-1300%
Revenue 1Y (TTM)14.78%
Revenue growth 3Y19.02%
Revenue growth 5Y4.19%
Sales Q2Q%-4.09%

3.2 Future

Based on estimates for the next years, TMG will show a very strong growth in Earnings Per Share. The EPS will grow by 138.60% on average per year.
The Revenue is expected to grow by 39.32% on average over the next years. This is a very strong growth
EPS Next Y89.15%
EPS Next 2Y138.6%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year37.74%
Revenue Next 2Y39.32%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
TMG.CA Yearly Revenue VS EstimatesTMG.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 10M 20M 30M 40M 50M
TMG.CA Yearly EPS VS EstimatesTMG.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2025 2026 0.01 0.02 0.03

More info and screens

5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Forward Earnings ratio of 4.79, the valuation of TMG can be described as very cheap.
TMG's Price/Forward Earnings ratio is rather cheap when compared to the industry. TMG is cheaper than 100.00% of the companies in the same industry.
TMG is valuated cheaply when we compare the Price/Forward Earnings ratio to 35.31, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 4.79
TMG.CA Price Earnings VS Forward Price EarningsTMG.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

TMG's Enterprise Value to EBITDA is on the same level as the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 24.42
TMG.CA Per share dataTMG.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.05 0.1 0.15

4.3 Compensation for Growth

TMG'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 TMG's earnings are expected to grow with 138.60% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y138.6%
EPS Next 3YN/A

More info and screens

0

5. Dividend

5.1 Amount

No dividends for TMG!.
Industry RankSector Rank
Dividend Yield N/A

More info and screens

THERMAL ENERGY INTL INC

TSX-V:TMG (8/14/2025, 7:00:00 PM)

0.15

-0.01 (-3.23%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)04-29 2025-04-29
Earnings (Next)09-17 2025-09-17
Inst OwnersN/A
Inst Owner ChangeN/A
Ins Owners6.84%
Ins Owner ChangeN/A
Market Cap25.97M
Analysts84.44
Price Target0.31 (106.67%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
Dividend Growth(5Y)24.57%
DP37.86%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
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)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
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)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 4.79
P/S 0.85
P/FCF N/A
P/OCF N/A
P/B 7.32
P/tB 8.6
EV/EBITDA 24.42
EPS(TTM)0
EYN/A
EPS(NY)0.03
Fwd EY20.87%
FCF(TTM)0
FCFYN/A
OCF(TTM)0
OCFYN/A
SpS0.18
BVpS0.02
TBVpS0.02
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.06%
ROE 4.32%
ROCE 4.13%
ROIC 2.97%
ROICexc N/A
ROICexgc N/A
OM 0.62%
PM (TTM) 0.5%
GM 38.71%
FCFM N/A
ROA(3y)-3.05%
ROA(5y)-5.12%
ROE(3y)-38.39%
ROE(5y)-39.79%
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 3Y40.66%
PM growth 5YN/A
GM growth 3Y3.04%
GM growth 5Y1.9%
F-Score3
Asset Turnover2.11
Health
Industry RankSector Rank
Debt/Equity 0.29
Debt/FCF N/A
Debt/EBITDA 1.07
Cap/Depr 12.23%
Cap/Sales 0.31%
Interest Coverage 0.57
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.24
Quick Ratio 1.05
Altman-Z 0.4
F-Score3
WACC9.27%
ROIC/WACC0.32
Cap/Depr(3y)38.6%
Cap/Depr(5y)38.5%
Cap/Sales(3y)1.35%
Cap/Sales(5y)1.24%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-85.33%
EPS 3Y66.11%
EPS 5YN/A
EPS Q2Q%-1300%
EPS Next Y89.15%
EPS Next 2Y138.6%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)14.78%
Revenue growth 3Y19.02%
Revenue growth 5Y4.19%
Sales Q2Q%-4.09%
Revenue Next Year37.74%
Revenue Next 2Y39.32%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-92.06%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year61.52%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-148.8%
FCF growth 3YN/A
FCF growth 5Y58.83%
OCF growth 1Y-140.15%
OCF growth 3YN/A
OCF growth 5Y56.76%