TOPICUS.COM INC-SUB VOTING (TOI.CA) Fundamental Analysis & Valuation

TSX-V:TOI • CA89072T1021

Current stock price

97.51 CAD
+0.97 (+1%)
Last:

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

6

1. TOI.CA Profitability Analysis

1.1 Basic Checks

  • In the past year TOI was profitable.
  • In the past year TOI had a positive cash flow from operations.
  • TOI had positive earnings in 4 of the past 5 years.
  • Each year in the past 5 years TOI had a positive operating cash flow.
TOI.CA Yearly Net Income VS EBIT VS OCF VS FCFTOI.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 2024 2025 0 -500M -1B -1.5B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 0.86%, TOI is in the better half of the industry, outperforming 61.97% of the companies in the same industry.
  • TOI has a Return On Equity of 4.58%. This is in the better half of the industry: TOI outperforms 71.83% of its industry peers.
  • TOI's Return On Invested Capital of 9.33% is fine compared to the rest of the industry. TOI outperforms 74.65% of its industry peers.
  • TOI had an Average Return On Invested Capital over the past 3 years of 11.83%. This is in line with the industry average of 12.41%.
Industry RankSector Rank
ROA 0.86%
ROE 4.58%
ROIC 9.33%
ROA(3y)4.22%
ROA(5y)-33.29%
ROE(3y)19.84%
ROE(5y)N/A
ROIC(3y)11.83%
ROIC(5y)11.52%
TOI.CA Yearly ROA, ROE, ROICTOI.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 2025 0 100 -100 200

1.3 Margins

  • The Profit Margin of TOI (1.40%) is better than 66.20% of its industry peers.
  • In the last couple of years the Profit Margin of TOI has declined.
  • TOI has a Operating Margin of 15.05%. This is amongst the best in the industry. TOI outperforms 81.69% of its industry peers.
  • In the last couple of years the Operating Margin of TOI has declined.
  • The Gross Margin of TOI (89.87%) is better than 94.37% of its industry peers.
  • TOI's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 15.05%
PM (TTM) 1.4%
GM 89.87%
OM growth 3Y6.72%
OM growth 5Y-4.04%
PM growth 3Y-22.48%
PM growth 5Y-26.9%
GM growth 3Y-0.42%
GM growth 5Y-0.07%
TOI.CA Yearly Profit, Operating, Gross MarginsTOI.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 2025 0 -100 -200

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3

2. TOI.CA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), TOI is creating some value.
  • The number of shares outstanding for TOI has been increased compared to 1 year ago.
  • Compared to 5 years ago, TOI has more shares outstanding
  • Compared to 1 year ago, TOI has a worse debt to assets ratio.
TOI.CA Yearly Shares OutstandingTOI.CA Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
TOI.CA Yearly Total Debt VS Total AssetsTOI.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

2.2 Solvency

  • TOI has an Altman-Z score of 2.41. This is not the best score and indicates that TOI is in the grey zone with still only limited risk for bankruptcy at the moment.
  • TOI has a Altman-Z score of 2.41. This is in the better half of the industry: TOI outperforms 66.20% of its industry peers.
  • The Debt to FCF ratio of TOI is 1.97, which is an excellent value as it means it would take TOI, only 1.97 years of fcf income to pay off all of its debts.
  • With a decent Debt to FCF ratio value of 1.97, TOI is doing good in the industry, outperforming 78.87% of the companies in the same industry.
  • A Debt/Equity ratio of 1.58 is on the high side and indicates that TOI has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 1.58, TOI is doing worse than 63.38% of the companies in the same industry.
  • Even though the debt/equity ratio score it not favorable for TOI, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 1.58
Debt/FCF 1.97
Altman-Z 2.41
ROIC/WACC0.95
WACC9.82%
TOI.CA Yearly LT Debt VS Equity VS FCFTOI.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M -400M -600M

2.3 Liquidity

  • A Current Ratio of 0.62 indicates that TOI may have some problems paying its short term obligations.
  • TOI has a worse Current ratio (0.62) than 66.20% of its industry peers.
  • TOI has a Quick Ratio of 0.62. This is a bad value and indicates that TOI is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Quick ratio value of 0.61, TOI is not doing good in the industry: 66.20% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.62
Quick Ratio 0.61
TOI.CA Yearly Current Assets VS Current LiabilitesTOI.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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

6

3. TOI.CA Growth Analysis

3.1 Past

  • TOI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 163.06%, which is quite impressive.
  • Measured over the past years, TOI shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -21.59% on average per year.
  • TOI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 19.88%.
  • Measured over the past years, TOI shows a very strong growth in Revenue. The Revenue has been growing by 25.73% on average per year.
EPS 1Y (TTM)163.06%
EPS 3Y-7.17%
EPS 5Y-21.59%
EPS Q2Q%47.5%
Revenue 1Y (TTM)19.88%
Revenue growth 3Y19.19%
Revenue growth 5Y25.73%
Sales Q2Q%17.68%

3.2 Future

  • TOI is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.38% yearly.
  • TOI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.75% yearly.
EPS Next Y-16.31%
EPS Next 2Y-0.38%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year17.3%
Revenue Next 2Y15.75%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
TOI.CA Yearly Revenue VS EstimatesTOI.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B 2B
TOI.CA Yearly EPS VS EstimatesTOI.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2023 2024 2025 2026 2027 0.5 1 1.5 2 2.5

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4

4. TOI.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 21.20, the valuation of TOI can be described as rather expensive.
  • 76.06% of the companies in the same industry are more expensive than TOI, based on the Price/Earnings ratio.
  • TOI is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.23, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 25.30 indicates a quite expensive valuation of TOI.
  • Based on the Price/Forward Earnings ratio, TOI is valued a bit cheaper than 67.61% of the companies in the same industry.
  • TOI is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.28, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 21.2
Fwd PE 25.3
TOI.CA Price Earnings VS Forward Price EarningsTOI.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, TOI is valued a bit cheaper than 69.01% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, TOI is valued cheaper than 84.51% of the companies in the same industry.
Industry RankSector Rank
P/FCF 12.82
EV/EBITDA 11.95
TOI.CA Per share dataTOI.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20

4.3 Compensation for Growth

  • The decent profitability rating of TOI may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-0.38%
EPS Next 3YN/A

More info and screens

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

0

5. TOI.CA Dividend Analysis

5.1 Amount

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

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TOI.CA Fundamentals: All Metrics, Ratios and Statistics

TOPICUS.COM INC-SUB VOTING

TSX-V:TOI (3/20/2026, 7:00:00 PM)

97.51

+0.97 (+1%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-25
Earnings (Next)05-05
Inst Owners20.63%
Inst Owner ChangeN/A
Ins Owners0.47%
Ins Owner ChangeN/A
Market Cap8.13B
Revenue(TTM)1.55B
Net Income(TTM)21.69M
Analysts83.64
Price Target149.6 (53.42%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)114.86%
Min EPS beat(2)-18.17%
Max EPS beat(2)247.9%
EPS beat(4)1
Avg EPS beat(4)39.45%
Min EPS beat(4)-37.36%
Max EPS beat(4)247.9%
EPS beat(8)1
Avg EPS beat(8)5.79%
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)0
Avg Revenue beat(2)-3.52%
Min Revenue beat(2)-3.71%
Max Revenue beat(2)-3.33%
Revenue beat(4)0
Avg Revenue beat(4)-3.54%
Min Revenue beat(4)-4.57%
Max Revenue beat(4)-2.54%
Revenue beat(8)1
Avg Revenue beat(8)-3%
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)-20.15%
PT rev (3m)-24.98%
EPS NQ rev (1m)6.25%
EPS NQ rev (3m)6.25%
EPS NY rev (1m)-2.14%
EPS NY rev (3m)-16.46%
Revenue NQ rev (1m)1.03%
Revenue NQ rev (3m)1.03%
Revenue NY rev (1m)-1.05%
Revenue NY rev (3m)-1.31%
Valuation
Industry RankSector Rank
PE 21.2
Fwd PE 25.3
P/S 3.32
P/FCF 12.82
P/OCF 12.49
P/B 10.88
P/tB N/A
EV/EBITDA 11.95
EPS(TTM)4.6
EY4.72%
EPS(NY)3.85
Fwd EY3.95%
FCF(TTM)7.61
FCFY7.8%
OCF(TTM)7.81
OCFY8.01%
SpS29.37
BVpS8.97
TBVpS-13.77
PEG (NY)N/A
PEG (5Y)N/A
Graham Number30.46
Profitability
Industry RankSector Rank
ROA 0.86%
ROE 4.58%
ROCE 15.59%
ROIC 9.33%
ROICexc 11.35%
ROICexgc 56.36%
OM 15.05%
PM (TTM) 1.4%
GM 89.87%
FCFM 25.9%
ROA(3y)4.22%
ROA(5y)-33.29%
ROE(3y)19.84%
ROE(5y)N/A
ROIC(3y)11.83%
ROIC(5y)11.52%
ROICexc(3y)14.51%
ROICexc(5y)13.81%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)19.78%
ROCE(5y)18.62%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y-0.73%
ROICexc growth 5Y-7.99%
OM growth 3Y6.72%
OM growth 5Y-4.04%
PM growth 3Y-22.48%
PM growth 5Y-26.9%
GM growth 3Y-0.42%
GM growth 5Y-0.07%
F-Score3
Asset Turnover0.62
Health
Industry RankSector Rank
Debt/Equity 1.58
Debt/FCF 1.97
Debt/EBITDA 1.71
Cap/Depr 5.21%
Cap/Sales 0.69%
Interest Coverage 8.37
Cash Conversion 94.25%
Profit Quality 1853.32%
Current Ratio 0.62
Quick Ratio 0.61
Altman-Z 2.41
F-Score3
WACC9.82%
ROIC/WACC0.95
Cap/Depr(3y)5.08%
Cap/Depr(5y)5.11%
Cap/Sales(3y)0.67%
Cap/Sales(5y)0.71%
Profit Quality(3y)554.79%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)163.06%
EPS 3Y-7.17%
EPS 5Y-21.59%
EPS Q2Q%47.5%
EPS Next Y-16.31%
EPS Next 2Y-0.38%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)19.88%
Revenue growth 3Y19.19%
Revenue growth 5Y25.73%
Sales Q2Q%17.68%
Revenue Next Year17.3%
Revenue Next 2Y15.75%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y13.24%
EBIT growth 3Y27.21%
EBIT growth 5Y20.65%
EBIT Next Year105.75%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y18.47%
FCF growth 3Y27.12%
FCF growth 5Y21.88%
OCF growth 1Y18.71%
OCF growth 3Y26.68%
OCF growth 5Y22.13%

TOPICUS.COM INC-SUB VOTING / TOI.CA Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for TOPICUS.COM INC-SUB VOTING?

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


Can you provide the valuation status for TOPICUS.COM INC-SUB VOTING?

ChartMill assigns a valuation rating of 4 / 10 to TOPICUS.COM INC-SUB VOTING (TOI.CA). This can be considered as Fairly Valued.


How profitable is TOPICUS.COM INC-SUB VOTING (TOI.CA) stock?

TOPICUS.COM INC-SUB VOTING (TOI.CA) has a profitability rating of 6 / 10.


Can you provide the financial health for TOI stock?

The financial health rating of TOPICUS.COM INC-SUB VOTING (TOI.CA) is 3 / 10.


Can you provide the expected EPS growth for TOI stock?

The Earnings per Share (EPS) of TOPICUS.COM INC-SUB VOTING (TOI.CA) is expected to decline by -16.31% in the next year.