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VERTICALSCOPE HD SUB VOT (FORA.CA) Stock Fundamental Analysis

Canada - TSX:FORA - CA92537Y1043 - Common Stock

3.09 CAD
+0.05 (+1.64%)
Last: 9/17/2025, 7:00:00 PM
Fundamental Rating

4

Taking everything into account, FORA scores 4 out of 10 in our fundamental rating. FORA was compared to 11 industry peers in the Interactive Media & Services industry. FORA has an excellent financial health rating, but there are some minor concerns on its profitability. FORA does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

FORA had negative earnings in the past year.
FORA had a positive operating cash flow in the past year.
In the past 5 years FORA always reported negative net income.
FORA had a positive operating cash flow in each of the past 5 years.
FORA.CA Yearly Net Income VS EBIT VS OCF VS FCFFORA.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 0 10M -10M 20M -20M

1.2 Ratios

FORA's Return On Assets of -2.77% is amongst the best of the industry. FORA outperforms 81.82% of its industry peers.
Looking at the Return On Equity, with a value of -4.43%, FORA belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
FORA's Return On Invested Capital of 0.77% is amongst the best of the industry. FORA outperforms 81.82% of its industry peers.
Industry RankSector Rank
ROA -2.77%
ROE -4.43%
ROIC 0.77%
ROA(3y)-5.73%
ROA(5y)-4.91%
ROE(3y)-12.18%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
FORA.CA Yearly ROA, ROE, ROICFORA.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 0 -10 -20 -30

1.3 Margins

FORA has a Operating Margin of 1.98%. This is amongst the best in the industry. FORA outperforms 81.82% of its industry peers.
FORA's Operating Margin has improved in the last couple of years.
The Profit Margin and Gross Margin are not available for FORA so they could not be analyzed.
Industry RankSector Rank
OM 1.98%
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5Y10.75%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
FORA.CA Yearly Profit, Operating, Gross MarginsFORA.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20 -30

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7

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FORA is destroying value.
Compared to 1 year ago, FORA has less shares outstanding
Compared to 5 years ago, FORA has more shares outstanding
The debt/assets ratio for FORA has been reduced compared to a year ago.
FORA.CA Yearly Shares OutstandingFORA.CA Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M
FORA.CA Yearly Total Debt VS Total AssetsFORA.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

2.2 Solvency

Based on the Altman-Z score of 0.10, we must say that FORA is in the distress zone and has some risk of bankruptcy.
FORA has a better Altman-Z score (0.10) than 72.73% of its industry peers.
FORA has a debt to FCF ratio of 2.00. This is a very positive value and a sign of high solvency as it would only need 2.00 years to pay back of all of its debts.
FORA has a better Debt to FCF ratio (2.00) than 81.82% of its industry peers.
FORA has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.47, FORA is in the better half of the industry, outperforming 72.73% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 2
Altman-Z 0.1
ROIC/WACC0.08
WACC9.11%
FORA.CA Yearly LT Debt VS Equity VS FCFFORA.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M 60M 80M 100M

2.3 Liquidity

FORA has a Current Ratio of 2.16. This indicates that FORA is financially healthy and has no problem in meeting its short term obligations.
FORA has a Current ratio of 2.16. This is in the better half of the industry: FORA outperforms 72.73% of its industry peers.
FORA has a Quick Ratio of 2.16. This indicates that FORA is financially healthy and has no problem in meeting its short term obligations.
FORA's Quick ratio of 2.16 is fine compared to the rest of the industry. FORA outperforms 72.73% of its industry peers.
Industry RankSector Rank
Current Ratio 2.16
Quick Ratio 2.16
FORA.CA Yearly Current Assets VS Current LiabilitesFORA.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 10M 20M 30M

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1

3. Growth

3.1 Past

FORA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -400.00%.
FORA shows a small growth in Revenue. In the last year, the Revenue has grown by 1.50%.
FORA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.39% yearly.
EPS 1Y (TTM)-400%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-500%
Revenue 1Y (TTM)1.5%
Revenue growth 3Y1.64%
Revenue growth 5Y3.39%
Sales Q2Q%-12.87%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
FORA is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -4.44% yearly.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-11.2%
Revenue Next 2Y-4.26%
Revenue Next 3Y-4.44%
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and 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 decreasing.
FORA.CA Yearly Revenue VS EstimatesFORA.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M 80M
FORA.CA Yearly EPS VS EstimatesFORA.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 0 -0.5 -1

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2

4. Valuation

4.1 Price/Earnings Ratio

FORA reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for FORA. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
FORA.CA Price Earnings VS Forward Price EarningsFORA.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20

4.2 Price Multiples

90.91% of the companies in the same industry are more expensive than FORA, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FORA indicates a rather cheap valuation: FORA is cheaper than 100.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 2.36
EV/EBITDA 4.33
FORA.CA Per share dataFORA.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3 4 5

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

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

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VERTICALSCOPE HD SUB VOT

TSX:FORA (9/17/2025, 7:00:00 PM)

3.09

+0.05 (+1.64%)

Chartmill FA Rating
GICS IndustryGroupMedia & Entertainment
GICS IndustryInteractive Media & Services
Earnings (Last)08-12 2025-08-12/amc
Earnings (Next)11-10 2025-11-10
Inst Owners3.49%
Inst Owner ChangeN/A
Ins Owners3.77%
Ins Owner ChangeN/A
Market Cap66.40M
Analysts75.71
Price Target5.8 (87.7%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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)0
Avg EPS beat(2)-24.12%
Min EPS beat(2)-25.69%
Max EPS beat(2)-22.55%
EPS beat(4)1
Avg EPS beat(4)-14.73%
Min EPS beat(4)-145.96%
Max EPS beat(4)135.29%
EPS beat(8)5
Avg EPS beat(8)220.11%
EPS beat(12)8
Avg EPS beat(12)160.43%
EPS beat(16)8
Avg EPS beat(16)30.48%
Revenue beat(2)1
Avg Revenue beat(2)1.08%
Min Revenue beat(2)-0.98%
Max Revenue beat(2)3.14%
Revenue beat(4)2
Avg Revenue beat(4)1.07%
Min Revenue beat(4)-0.98%
Max Revenue beat(4)3.14%
Revenue beat(8)5
Avg Revenue beat(8)1.71%
Revenue beat(12)5
Avg Revenue beat(12)-1.5%
Revenue beat(16)7
Avg Revenue beat(16)-1.44%
PT rev (1m)-13.33%
PT rev (3m)-17.87%
EPS NQ rev (1m)-21.86%
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1570.37%
EPS NY rev (3m)-1570.37%
Revenue NQ rev (1m)0.57%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)1.16%
Revenue NY rev (3m)-2.1%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.73
P/FCF 2.36
P/OCF 2.17
P/B 0.58
P/tB N/A
EV/EBITDA 4.33
EPS(TTM)-0.21
EYN/A
EPS(NY)-0.08
Fwd EYN/A
FCF(TTM)1.31
FCFY42.32%
OCF(TTM)1.43
OCFY46.13%
SpS4.21
BVpS5.29
TBVpS-0.48
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -2.77%
ROE -4.43%
ROCE 1.07%
ROIC 0.77%
ROICexc 0.8%
ROICexgc 3.5%
OM 1.98%
PM (TTM) N/A
GM N/A
FCFM 31.08%
ROA(3y)-5.73%
ROA(5y)-4.91%
ROE(3y)-12.18%
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 5Y7.68%
ROICexc growth 3YN/A
ROICexc growth 5Y5.77%
OM growth 3YN/A
OM growth 5Y10.75%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.5
Health
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 2
Debt/EBITDA 2.02
Cap/Depr 10.18%
Cap/Sales 2.8%
Interest Coverage 0.39
Cash Conversion 114.91%
Profit Quality N/A
Current Ratio 2.16
Quick Ratio 2.16
Altman-Z 0.1
F-Score6
WACC9.11%
ROIC/WACC0.08
Cap/Depr(3y)15.93%
Cap/Depr(5y)37.19%
Cap/Sales(3y)6.3%
Cap/Sales(5y)12.65%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-400%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-500%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)1.5%
Revenue growth 3Y1.64%
Revenue growth 5Y3.39%
Sales Q2Q%-12.87%
Revenue Next Year-11.2%
Revenue Next 2Y-4.26%
Revenue Next 3Y-4.44%
Revenue Next 5YN/A
EBIT growth 1Y-75.07%
EBIT growth 3YN/A
EBIT growth 5Y14.5%
EBIT Next Year147.87%
EBIT Next 3Y42.71%
EBIT Next 5Y26.45%
FCF growth 1Y52.48%
FCF growth 3YN/A
FCF growth 5Y15.71%
OCF growth 1Y29.49%
OCF growth 3Y8.45%
OCF growth 5Y8.37%