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

TSX-V:TOI • CA89072T1021

93.74 CAD
-0.76 (-0.8%)
Last: Feb 27, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to TOI. TOI was compared to 66 industry peers in the Software industry. TOI has a medium profitability rating, but doesn't score so well on its financial health evaluation. TOI is evaluated to be cheap and growing strongly. This does not happen too often!


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • TOI had positive earnings in the past year.
  • In the past year TOI had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: TOI reported negative net income in multiple years.
  • Of the past 5 years TOI 4 years 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 0 -500M -1B -1.5B

1.2 Ratios

  • The Return On Assets of TOI (0.25%) is better than 60.61% of its industry peers.
  • TOI's Return On Equity of 1.41% is fine compared to the rest of the industry. TOI outperforms 62.12% of its industry peers.
  • TOI has a Return On Invested Capital of 10.29%. This is amongst the best in the industry. TOI outperforms 83.33% of its industry peers.
  • TOI had an Average Return On Invested Capital over the past 3 years of 13.20%. This is in line with the industry average of 12.35%.
Industry RankSector Rank
ROA 0.25%
ROE 1.41%
ROIC 10.29%
ROA(3y)5.03%
ROA(5y)-31.64%
ROE(3y)23.53%
ROE(5y)N/A
ROIC(3y)13.2%
ROIC(5y)13.96%
TOI.CA Yearly ROA, ROE, ROICTOI.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 0 100 -100 200

1.3 Margins

  • With a decent Profit Margin value of 0.40%, TOI is doing good in the industry, outperforming 63.64% of the companies in the same industry.
  • TOI's Profit Margin has declined in the last couple of years.
  • The Operating Margin of TOI (15.38%) is better than 80.30% of its industry peers.
  • TOI's Operating Margin has been stable in the last couple of years.
  • TOI's Gross Margin of 90.36% is amongst the best of the industry. TOI outperforms 93.94% of its industry peers.
  • TOI's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 15.38%
PM (TTM) 0.4%
GM 90.36%
OM growth 3Y1.27%
OM growth 5Y1.03%
PM growth 3YN/A
PM growth 5Y-8.59%
GM growth 3Y0.4%
GM growth 5Y0.29%
TOI.CA Yearly Profit, Operating, Gross MarginsTOI.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 0 -100 -200

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), TOI is creating some value.
  • TOI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
TOI.CA Yearly Shares OutstandingTOI.CA Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 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 500M 1B 1.5B

2.2 Solvency

  • An Altman-Z score of 2.46 indicates that TOI is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • TOI's Altman-Z score of 2.46 is in line compared to the rest of the industry. TOI outperforms 59.09% of its industry peers.
  • The Debt to FCF ratio of TOI is 2.24, which is a good value as it means it would take TOI, 2.24 years of fcf income to pay off all of its debts.
  • TOI has a Debt to FCF ratio of 2.24. This is in the better half of the industry: TOI outperforms 71.21% of its industry peers.
  • TOI has a Debt/Equity ratio of 1.88. This is a high value indicating a heavy dependency on external financing.
  • TOI's Debt to Equity ratio of 1.88 is on the low side compared to the rest of the industry. TOI is outperformed by 66.67% of its industry peers.
  • 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 1.88
Debt/FCF 2.24
Altman-Z 2.46
ROIC/WACC0.99
WACC10.38%
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 0 200M -200M -400M -600M

2.3 Liquidity

  • A Current Ratio of 0.87 indicates that TOI may have some problems paying its short term obligations.
  • With a Current ratio value of 0.87, TOI is not doing good in the industry: 62.12% of the companies in the same industry are doing better.
  • TOI has a Quick Ratio of 0.87. This is a bad value and indicates that TOI is not financially healthy enough and could expect problems in meeting its short term obligations.
  • TOI has a worse Quick ratio (0.87) than 62.12% of its industry peers.
Industry RankSector Rank
Current Ratio 0.87
Quick Ratio 0.87
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 200M 400M 600M

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

8

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 162.53% over the past year.
  • Measured over the past years, TOI shows a decrease in Earnings Per Share. The EPS has been decreasing by -9.92% on average per year.
  • TOI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.10%.
  • Measured over the past years, TOI shows a very strong growth in Revenue. The Revenue has been growing by 25.41% on average per year.
EPS 1Y (TTM)162.53%
EPS 3YN/A
EPS 5Y-9.92%
EPS Q2Q%46.02%
Revenue 1Y (TTM)15.1%
Revenue growth 3Y20.37%
Revenue growth 5Y25.41%
Sales Q2Q%15.97%

3.2 Future

  • Based on estimates for the next years, TOI will show a very strong growth in Earnings Per Share. The EPS will grow by 42.22% on average per year.
  • Based on estimates for the next years, TOI will show a quite strong growth in Revenue. The Revenue will grow by 17.49% on average per year.
EPS Next Y119.92%
EPS Next 2Y62.34%
EPS Next 3Y42.22%
EPS Next 5YN/A
Revenue Next Year21.56%
Revenue Next 2Y20.02%
Revenue Next 3Y17.49%
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.
  • 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 1 2 3

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Find the best growth stocksShow best growing peers

7

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 19.90 indicates a rather expensive valuation of TOI.
  • Based on the Price/Earnings ratio, TOI is valued a bit cheaper than the industry average as 77.27% of the companies are valued more expensively.
  • TOI is valuated rather cheaply when we compare the Price/Earnings ratio to 27.10, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 19.84 indicates a rather expensive valuation of TOI.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of TOI indicates a somewhat cheap valuation: TOI is cheaper than 69.70% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.06, TOI is valued a bit cheaper.
Industry RankSector Rank
PE 19.9
Fwd PE 19.84
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TOI indicates a somewhat cheap valuation: TOI is cheaper than 72.73% of the companies listed in the same industry.
  • TOI's Price/Free Cash Flow ratio is rather cheap when compared to the industry. TOI is cheaper than 83.33% of the companies in the same industry.
Industry RankSector Rank
P/FCF 12.92
EV/EBITDA 11.93
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 low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • TOI has a very decent profitability rating, which may justify a higher PE ratio.
  • TOI's earnings are expected to grow with 42.22% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.17
PEG (5Y)N/A
EPS Next 2Y62.34%
EPS Next 3Y42.22%

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

0

5. Dividend

5.1 Amount

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

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Find the best dividend stocksShow peers with best dividend

TOPICUS.COM INC-SUB VOTING

TSX-V:TOI (2/27/2026, 7:00:00 PM)

93.74

-0.76 (-0.8%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-25
Earnings (Next)05-05
Inst Owners21.35%
Inst Owner ChangeN/A
Ins Owners0.47%
Ins Owner ChangeN/A
Market Cap7.81B
Revenue(TTM)1.29B
Net Income(TTM)5.96M
Analysts83.64
Price Target149.6 (59.59%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend2.5
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)106.66%
Min EPS beat(2)-34.57%
Max EPS beat(2)247.9%
EPS beat(4)1
Avg EPS beat(4)43.26%
Min EPS beat(4)-37.36%
Max EPS beat(4)247.9%
EPS beat(8)1
Avg EPS beat(8)7.7%
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)-4.14%
Min Revenue beat(2)-4.57%
Max Revenue beat(2)-3.71%
Revenue beat(4)1
Avg Revenue beat(4)-1.91%
Min Revenue beat(4)-4.57%
Max Revenue beat(4)3.2%
Revenue beat(8)1
Avg Revenue beat(8)-2.98%
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)-5.16%
PT rev (3m)-6.05%
EPS NQ rev (1m)0%
EPS NQ rev (3m)56.67%
EPS NY rev (1m)0%
EPS NY rev (3m)34.28%
Revenue NQ rev (1m)-0.91%
Revenue NQ rev (3m)-1.2%
Revenue NY rev (1m)-0.25%
Revenue NY rev (3m)-0.99%
Valuation
Industry RankSector Rank
PE 19.9
Fwd PE 19.84
P/S 3.27
P/FCF 12.92
P/OCF 12.58
P/B 11.45
P/tB N/A
EV/EBITDA 11.93
EPS(TTM)4.71
EY5.02%
EPS(NY)4.73
Fwd EY5.04%
FCF(TTM)7.26
FCFY7.74%
OCF(TTM)7.45
OCFY7.95%
SpS28.7
BVpS8.18
TBVpS-14.54
PEG (NY)0.17
PEG (5Y)N/A
Graham Number29.45
Profitability
Industry RankSector Rank
ROA 0.25%
ROE 1.41%
ROCE 16.34%
ROIC 10.29%
ROICexc 12.18%
ROICexgc 54.87%
OM 15.38%
PM (TTM) 0.4%
GM 90.36%
FCFM 25.28%
ROA(3y)5.03%
ROA(5y)-31.64%
ROE(3y)23.53%
ROE(5y)N/A
ROIC(3y)13.2%
ROIC(5y)13.96%
ROICexc(3y)16.09%
ROICexc(5y)16.51%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)19.8%
ROCE(5y)19.81%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y8.6%
ROICexc growth 5Y6.98%
OM growth 3Y1.27%
OM growth 5Y1.03%
PM growth 3YN/A
PM growth 5Y-8.59%
GM growth 3Y0.4%
GM growth 5Y0.29%
F-Score4
Asset Turnover0.61
Health
Industry RankSector Rank
Debt/Equity 1.88
Debt/FCF 2.24
Debt/EBITDA 1.88
Cap/Depr 5.24%
Cap/Sales 0.69%
Interest Coverage 11.18
Cash Conversion 90.94%
Profit Quality 6284.44%
Current Ratio 0.87
Quick Ratio 0.87
Altman-Z 2.46
F-Score4
WACC10.38%
ROIC/WACC0.99
Cap/Depr(3y)5.14%
Cap/Depr(5y)4.76%
Cap/Sales(3y)0.71%
Cap/Sales(5y)0.67%
Profit Quality(3y)357.14%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)162.53%
EPS 3YN/A
EPS 5Y-9.92%
EPS Q2Q%46.02%
EPS Next Y119.92%
EPS Next 2Y62.34%
EPS Next 3Y42.22%
EPS Next 5YN/A
Revenue 1Y (TTM)15.1%
Revenue growth 3Y20.37%
Revenue growth 5Y25.41%
Sales Q2Q%15.97%
Revenue Next Year21.56%
Revenue Next 2Y20.02%
Revenue Next 3Y17.49%
Revenue Next 5YN/A
EBIT growth 1Y21.21%
EBIT growth 3Y21.89%
EBIT growth 5Y26.7%
EBIT Next Year98.27%
EBIT Next 3Y34.86%
EBIT Next 5YN/A
FCF growth 1Y66.75%
FCF growth 3Y25.66%
FCF growth 5Y23.36%
OCF growth 1Y65.6%
OCF growth 3Y25.37%
OCF growth 5Y23.43%

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

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

ChartMill assigns a fundamental rating of 6 / 10 to TOI.CA.


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

ChartMill assigns a valuation rating of 7 / 10 to TOPICUS.COM INC-SUB VOTING (TOI.CA). This can be considered as Undervalued.


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

TOPICUS.COM INC-SUB VOTING (TOI.CA) has a profitability rating of 7 / 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 grow by 119.92% in the next year.