VERTICALSCOPE HD SUB VOT (FORA.CA) Fundamental Analysis & Valuation

TSX:FORA • CA92537Y1043

3.1 CAD
+0.01 (+0.32%)
Last: Mar 12, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

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

Fundamental Rating

3

Overall FORA gets a fundamental rating of 3 out of 10. We evaluated FORA against 10 industry peers in the Interactive Media & Services industry. While FORA seems to be doing ok healthwise, there are quite some concerns on its profitability. FORA has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

2

1. FORA.CA Profitability Analysis

1.1 Basic Checks

  • In the past year FORA has reported negative net income.
  • In the past year FORA had a positive cash flow from operations.
  • 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 2025 0 10M -10M 20M -20M

1.2 Ratios

  • Looking at the Return On Assets, with a value of -6.06%, FORA is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
  • FORA has a better Return On Equity (-10.66%) than 70.00% of its industry peers.
Industry RankSector Rank
ROA -6.06%
ROE -10.66%
ROIC N/A
ROA(3y)-3.1%
ROA(5y)-5.78%
ROE(3y)-5.6%
ROE(5y)-11.99%
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 2025 0 -10 -20 -30

1.3 Margins

  • The Profit Margin and Operating Margin and Gross Margin are not available for FORA so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
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 2025 0 10 -10 -20 -30

More info and screens

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6

2. FORA.CA Health Analysis

2.1 Basic Checks

  • FORA does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • FORA has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for FORA has been increased compared to 5 years ago.
  • The debt/assets ratio for FORA is higher compared to a year ago.
FORA.CA Yearly Shares OutstandingFORA.CA Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 2025 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 2025 50M 100M 150M 200M

2.2 Solvency

  • FORA has an Altman-Z score of -0.13. This is a bad value and indicates that FORA is not financially healthy and even has some risk of bankruptcy.
  • FORA has a Altman-Z score of -0.13. This is in the better half of the industry: FORA outperforms 80.00% of its industry peers.
  • FORA has a debt to FCF ratio of 2.66. This is a good value and a sign of high solvency as FORA would need 2.66 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 2.66, FORA is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
  • FORA has a Debt/Equity ratio of 0.59. This is a neutral value indicating FORA is somewhat dependend on debt financing.
  • FORA has a Debt to Equity ratio of 0.59. This is in the better half of the industry: FORA outperforms 80.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.59
Debt/FCF 2.66
Altman-Z -0.13
ROIC/WACCN/A
WACC6.78%
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 2025 0 20M -20M 40M 60M 80M 100M

2.3 Liquidity

  • A Current Ratio of 2.62 indicates that FORA has no problem at all paying its short term obligations.
  • With an excellent Current ratio value of 2.62, FORA belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • FORA has a Quick Ratio of 2.62. This indicates that FORA is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 2.62, FORA belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.62
Quick Ratio 2.62
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 2025 10M 20M 30M

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

3

3. FORA.CA Growth Analysis

3.1 Past

  • FORA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -30866.67%.
  • FORA shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -15.79%.
  • Measured over the past years, FORA shows a small growth in Revenue. The Revenue has been growing by 0.43% on average per year.
EPS 1Y (TTM)-30866.67%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-411.69%
Revenue 1Y (TTM)-15.79%
Revenue growth 3Y-10.27%
Revenue growth 5Y0.43%
Sales Q2Q%-22.67%

3.2 Future

  • FORA is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 52.88% yearly.
  • The Revenue is expected to grow by 4.57% on average over the next years.
EPS Next Y63.86%
EPS Next 2Y52.88%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.32%
Revenue Next 2Y4.57%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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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Find the best growth stocksShow best growing peers

3

4. FORA.CA Valuation Analysis

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 10 -10 20 -20

4.2 Price Multiples

  • 80.00% of the companies in the same industry are more expensive than FORA, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, FORA is valued cheaper than 90.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 2.87
EV/EBITDA 4.98
FORA.CA Per share dataFORA.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3 4

4.3 Compensation for Growth

  • FORA's earnings are expected to grow with 52.88% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y52.88%
EPS Next 3YN/A

More info and screens

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

0

5. FORA.CA Dividend Analysis

5.1 Amount

  • FORA does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

FORA.CA Fundamentals: All Metrics, Ratios and Statistics

VERTICALSCOPE HD SUB VOT

TSX:FORA (3/12/2026, 7:00:00 PM)

3.1

+0.01 (+0.32%)

Chartmill FA Rating
GICS IndustryGroupMedia & Entertainment
GICS IndustryInteractive Media & Services
Earnings (Last)03-03
Earnings (Next)05-11
Inst Owners19.37%
Inst Owner ChangeN/A
Ins Owners4.11%
Ins Owner ChangeN/A
Market Cap66.99M
Revenue(TTM)58.15M
Net Income(TTM)-8.02M
Analysts73.85
Price Target5.74 (85.16%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)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)0
Avg Revenue beat(2)-8.47%
Min Revenue beat(2)-10.48%
Max Revenue beat(2)-6.46%
Revenue beat(4)1
Avg Revenue beat(4)-3.7%
Min Revenue beat(4)-10.48%
Max Revenue beat(4)3.14%
Revenue beat(8)3
Avg Revenue beat(8)-1.91%
Revenue beat(12)5
Avg Revenue beat(12)-2.15%
Revenue beat(16)7
Avg Revenue beat(16)-1.84%
PT rev (1m)1.41%
PT rev (3m)-0.83%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)6.25%
EPS NY rev (3m)6.25%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.4%
Revenue NY rev (3m)-0.4%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.85
P/FCF 2.87
P/OCF 2.67
P/B 0.65
P/tB N/A
EV/EBITDA 4.98
EPS(TTM)-0.51
EYN/A
EPS(NY)-0.1
Fwd EYN/A
FCF(TTM)1.08
FCFY34.82%
OCF(TTM)1.16
OCFY37.5%
SpS3.66
BVpS4.73
TBVpS-0.34
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -6.06%
ROE -10.66%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM 29.52%
ROA(3y)-3.1%
ROA(5y)-5.78%
ROE(3y)-5.6%
ROE(5y)-11.99%
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
ROICexgc growth 3YN/A
ROICexgc 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 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.44
Health
Industry RankSector Rank
Debt/Equity 0.59
Debt/FCF 2.66
Debt/EBITDA 2.83
Cap/Depr 6.22%
Cap/Sales 2.27%
Interest Coverage N/A
Cash Conversion 117.44%
Profit Quality N/A
Current Ratio 2.62
Quick Ratio 2.62
Altman-Z -0.13
F-Score4
WACC6.78%
ROIC/WACCN/A
Cap/Depr(3y)9.63%
Cap/Depr(5y)33.76%
Cap/Sales(3y)3.03%
Cap/Sales(5y)11.44%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-30866.67%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-411.69%
EPS Next Y63.86%
EPS Next 2Y52.88%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-15.79%
Revenue growth 3Y-10.27%
Revenue growth 5Y0.43%
Sales Q2Q%-22.67%
Revenue Next Year3.32%
Revenue Next 2Y4.57%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-177.41%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year1436.54%
EBIT Next 3Y148.45%
EBIT Next 5Y71.31%
FCF growth 1Y-24.09%
FCF growth 3Y16.05%
FCF growth 5Y12.84%
OCF growth 1Y-25.39%
OCF growth 3Y-3.71%
OCF growth 5Y5.56%

VERTICALSCOPE HD SUB VOT / FORA.CA FAQ

What is the ChartMill fundamental rating of VERTICALSCOPE HD SUB VOT (FORA.CA) stock?

ChartMill assigns a fundamental rating of 3 / 10 to FORA.CA.


Can you provide the valuation status for VERTICALSCOPE HD SUB VOT?

ChartMill assigns a valuation rating of 3 / 10 to VERTICALSCOPE HD SUB VOT (FORA.CA). This can be considered as Overvalued.


How profitable is VERTICALSCOPE HD SUB VOT (FORA.CA) stock?

VERTICALSCOPE HD SUB VOT (FORA.CA) has a profitability rating of 2 / 10.


What is the financial health of VERTICALSCOPE HD SUB VOT (FORA.CA) stock?

The financial health rating of VERTICALSCOPE HD SUB VOT (FORA.CA) is 6 / 10.