TMG Fundamental Analysis - THERMAL ENERGY INTL INC

Fundamental Rating

We assign a fundamental rating of 4 out of 10 to TMG. TMG was compared to 22 industry peers in the Machinery industry. Both the profitability and the financial health of TMG get a neutral evaluation. Nothing too spectacular is happening here. TMG has a valuation in line with the averages, but it does not seem to be growing.

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1. Profitability

1.1 Basic Checks

TMG had negative earnings in the past year.
In the past year TMG had a positive cash flow from operations.
TMG had positive earnings in 4 of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: TMG reported negative operating cash flow in multiple years.

1.2 Ratios

TMG has a Return On Assets (-0.43%) which is in line with its industry peers.
The Return On Equity of TMG (-1.54%) is better than 72.73% of its industry peers.
With a Return On Invested Capital value of 1.94%, TMG perfoms like the industry average, outperforming 59.09% of the companies in the same industry.
TMG had an Average Return On Invested Capital over the past 3 years of 12.36%. This is significantly above the industry average of 6.71%.
The last Return On Invested Capital (1.94%) for TMG is well below the 3 year average (12.36%), which needs to be investigated, but indicates that TMG had better years and this may not be a problem.

		Industry Rank	Sector Rank
ROA	-0.43%
ROE	-1.54%
ROIC	1.94%

ROA(3y)3.82%

ROA(5y)-1.37%

ROE(3y)21.78%

ROE(5y)-21.32%

ROIC(3y)12.36%

ROIC(5y)N/A

1.3 Margins

TMG has a Operating Margin (0.44%) which is in line with its industry peers.
In the last couple of years the Operating Margin of TMG has declined.
TMG has a better Gross Margin (42.64%) than 90.91% of its industry peers.
In the last couple of years the Gross Margin of TMG has remained more or less at the same level.

		Industry Rank	Sector Rank
OM	0.44%
PM (TTM)	N/A
GM	42.64%

OM growth 3YN/A

OM growth 5Y-21.43%

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y-0.69%

GM growth 5Y-0.17%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), TMG is creating some value.
The number of shares outstanding for TMG has been increased compared to 1 year ago.
The number of shares outstanding for TMG has been increased compared to 5 years ago.
The debt/assets ratio for TMG has been reduced compared to a year ago.

2.2 Solvency

TMG has an Altman-Z score of 0.38. This is a bad value and indicates that TMG is not financially healthy and even has some risk of bankruptcy.
TMG's Altman-Z score of 0.38 is on the low side compared to the rest of the industry. TMG is outperformed by 63.64% of its industry peers.
The Debt to FCF ratio of TMG is 0.81, which is an excellent value as it means it would take TMG, only 0.81 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.81, TMG belongs to the top of the industry, outperforming 95.45% of the companies in the same industry.
TMG has a Debt/Equity ratio of 0.22. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.22, TMG is doing good in the industry, outperforming 77.27% of the companies in the same industry.

		Industry Rank	Sector Rank
Debt/Equity	0.22
Debt/FCF	0.81
Altman-Z	0.38

ROIC/WACC0.21

WACC9.19%

2.3 Liquidity

TMG has a Current Ratio of 1.31. This is a normal value and indicates that TMG is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of TMG (1.31) is worse than 68.18% of its industry peers.
TMG has a Quick Ratio of 1.10. 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 of 1.10. This is in the better half of the industry: TMG outperforms 63.64% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	1.31
Quick Ratio	1.1

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

TMG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -103.03%.
TMG shows a decrease in Revenue. In the last year, the revenue decreased by -3.45%.
Measured over the past years, TMG shows a small growth in Revenue. The Revenue has been growing by 6.82% on average per year.

EPS 1Y (TTM)-103.03%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-43.75%

Revenue 1Y (TTM)-3.45%

Revenue growth 3Y23.24%

Revenue growth 5Y6.82%

Sales Q2Q%-19.12%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.

EPS Next Y200.99%

EPS Next 2YN/A

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next Year40.92%

Revenue Next 2YN/A

Revenue Next 3YN/A

Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Forward Earnings ratio is 4.79, which indicates a rather cheap valuation of TMG.
Based on the Price/Forward Earnings ratio, TMG is valued cheaper than 95.45% of the companies in the same industry.
TMG is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.29, which is the current average of the S&P500 Index.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	4.79

4.2 Price Multiples

TMG's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, TMG is valued cheaply inside the industry as 86.36% of the companies are valued more expensively.

		Industry Rank	Sector Rank
P/FCF	15.34
EV/EBITDA	26.82

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.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2YN/A

EPS Next 3YN/A

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5. Dividend

5.1 Amount

TMG does not give a dividend.

		Industry Rank	Sector Rank
Dividend Yield	0%

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THERMAL ENERGY INTL INC

TSX-V:TMG (1/19/2026, 7:00:00 PM)

0.15

0 (0%)

Chartmill FA Rating

GICS SectorIndustrials

GICS IndustryGroupCapital Goods

GICS IndustryMachinery

Earnings (Last)10-28 2025-10-28

Earnings (Next)01-26 2026-01-26

Inst Owners1.1%

Inst Owner ChangeN/A

Ins Owners8.73%

Ins Owner ChangeN/A

Market Cap25.97M

Revenue(TTM)28.16M

Net Income(TTM)-58.30K

Analysts84.44

Price Target0.31 (106.67%)

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector Rank
Dividend Yield	0%

Yearly Dividend0

Dividend Growth(5Y)24.57%

DP0%

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 Rank	Sector Rank
PE	N/A
Fwd PE	4.79
P/S	0.92
P/FCF	15.34
P/OCF	14.74
P/B	6.86
P/tB	7.84
EV/EBITDA	26.82

EPS(TTM)0

EYN/A

EPS(NY)0.03

Fwd EY20.87%

FCF(TTM)0.01

FCFY6.52%

OCF(TTM)0.01

OCFY6.78%

SpS0.16

BVpS0.02

TBVpS0.02

PEG (NY)N/A

PEG (5Y)N/A

Graham NumberN/A

Profitability

		Industry Rank	Sector Rank
ROA	-0.43%
ROE	-1.54%
ROCE	2.69%
ROIC	1.94%
ROICexc	27.08%
ROICexgc	N/A
OM	0.44%
PM (TTM)	N/A
GM	42.64%
FCFM	6.01%

ROA(3y)3.82%

ROA(5y)-1.37%

ROE(3y)21.78%

ROE(5y)-21.32%

ROIC(3y)12.36%

ROIC(5y)N/A

ROICexc(3y)N/A

ROICexc(5y)N/A

ROICexgc(3y)N/A

ROICexgc(5y)N/A

ROCE(3y)17.16%

ROCE(5y)N/A

ROICexgc growth 3YN/A

ROICexgc growth 5YN/A

ROICexc growth 3YN/A

ROICexc growth 5Y-34.4%

OM growth 3YN/A

OM growth 5Y-21.43%

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y-0.69%

GM growth 5Y-0.17%

F-Score5

Asset Turnover2.09

Health

		Industry Rank	Sector Rank
Debt/Equity	0.22
Debt/FCF	0.81
Debt/EBITDA	0.95
Cap/Depr	9.26%
Cap/Sales	0.24%
Interest Coverage	0.52
Cash Conversion	204.9%
Profit Quality	N/A
Current Ratio	1.31
Quick Ratio	1.1
Altman-Z	0.38

F-Score5

WACC9.19%

ROIC/WACC0.21

Cap/Depr(3y)25.12%

Cap/Depr(5y)29.69%

Cap/Sales(3y)0.7%

Cap/Sales(5y)1.03%

Profit Quality(3y)N/A

Profit Quality(5y)N/A

High Growth Momentum

Growth

EPS 1Y (TTM)-103.03%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-43.75%

EPS Next Y200.99%

EPS Next 2YN/A

EPS Next 3YN/A

EPS Next 5YN/A

Revenue 1Y (TTM)-3.45%

Revenue growth 3Y23.24%

Revenue growth 5Y6.82%

Sales Q2Q%-19.12%

Revenue Next Year40.92%

Revenue Next 2YN/A

Revenue Next 3YN/A

Revenue Next 5YN/A

EBIT growth 1Y-92.7%

EBIT growth 3YN/A

EBIT growth 5Y-16.08%

EBIT Next Year1505.84%

EBIT Next 3YN/A

EBIT Next 5YN/A

FCF growth 1Y-41.5%

FCF growth 3YN/A

FCF growth 5YN/A

OCF growth 1Y-41.24%

OCF growth 3YN/A

OCF growth 5YN/A

THERMAL ENERGY INTL INC / TMG.CA FAQ

What is the ChartMill fundamental rating of THERMAL ENERGY INTL INC (TMG.CA) stock?

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

Can you provide the valuation status for THERMAL ENERGY INTL INC?

ChartMill assigns a valuation rating of 5 / 10 to THERMAL ENERGY INTL INC (TMG.CA). This can be considered as Fairly Valued.

What is the profitability of TMG stock?

THERMAL ENERGY INTL INC (TMG.CA) has a profitability rating of 5 / 10.

How financially healthy is THERMAL ENERGY INTL INC?

The financial health rating of THERMAL ENERGY INTL INC (TMG.CA) is 5 / 10.

Can you provide the dividend sustainability for TMG stock?

The dividend rating of THERMAL ENERGY INTL INC (TMG.CA) is 0 / 10 and the dividend payout ratio is 0%.

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

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

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3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

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THERMAL ENERGY INTL INC / TMG.CA FAQ

What is the ChartMill fundamental rating of THERMAL ENERGY INTL INC (TMG.CA) stock?

Can you provide the valuation status for THERMAL ENERGY INTL INC?

What is the profitability of TMG stock?

How financially healthy is THERMAL ENERGY INTL INC?

Can you provide the dividend sustainability for TMG stock?