TOPICUS.COM INC-SUB VOTING (TOI.CA) Stock Fundamental Analysis
TSX-V:TOI • CA89072T1021
88.39 CAD
-0.41 (-0.46%)
Last: Feb 19, 2026, 07:00 PM
TOI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 69 industry peers in the Software industry. While TOI is still in line with the averages on profitability rating, there are concerns on its financial health. TOI is growing strongly while it also seems undervalued. This is an interesting combination
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.
- Of the past 5 years TOI 4 years were profitable.
- Each year in the past 5 years TOI had a positive operating cash flow.
1.2 Ratios
- TOI's Return On Assets of 0.25% is fine compared to the rest of the industry. TOI outperforms 60.87% of its industry peers.
- The Return On Equity of TOI (1.41%) is better than 63.77% of its industry peers.
- TOI has a better Return On Invested Capital (10.29%) than 84.06% 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 Rank | Sector 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%
1.3 Margins
- TOI's Profit Margin of 0.40% is fine compared to the rest of the industry. TOI outperforms 65.22% of its industry peers.
- TOI's Profit Margin has declined in the last couple of years.
- TOI has a Operating Margin of 15.38%. This is in the better half of the industry: TOI outperforms 79.71% of its industry peers.
- In the last couple of years the Operating Margin of TOI has remained more or less at the same level.
- TOI's Gross Margin of 90.36% is amongst the best of the industry. TOI outperforms 95.65% of its industry peers.
- In the last couple of years the Gross Margin of TOI has remained more or less at the same level.
| Industry Rank | Sector 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%
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.
- 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
- TOI has a worse debt/assets ratio than last year.
2.2 Solvency
- TOI has an Altman-Z score of 2.38. 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 2.38. This is comparable to the rest of the industry: TOI outperforms 59.42% of its industry peers.
- TOI has a debt to FCF ratio of 2.24. This is a good value and a sign of high solvency as TOI would need 2.24 years to pay back of all of its debts.
- With a decent Debt to FCF ratio value of 2.24, TOI is doing good in the industry, outperforming 72.46% of the companies in the same industry.
- A Debt/Equity ratio of 1.88 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 1.88, TOI is doing worse than 66.67% of the companies in the same industry.
- Although TOI does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.88 | ||
| Debt/FCF | 2.24 | ||
| Altman-Z | 2.38 |
ROIC/WACC0.99
WACC10.36%
2.3 Liquidity
- TOI has a Current 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's Current ratio of 0.87 is on the low side compared to the rest of the industry. TOI is outperformed by 62.32% of its industry peers.
- A Quick Ratio of 0.87 indicates that TOI may have some problems paying its short term obligations.
- TOI has a Quick ratio of 0.87. This is in the lower half of the industry: TOI underperforms 62.32% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.87 | ||
| Quick Ratio | 0.87 |
3. Growth
3.1 Past
- TOI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 167.65%, which is quite impressive.
- 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.
- Looking at the last year, TOI shows a quite strong growth in Revenue. The Revenue has grown by 19.42% in the last year.
- The Revenue has been growing by 25.41% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)167.65%
EPS 3YN/A
EPS 5Y-9.92%
EPS Q2Q%514.29%
Revenue 1Y (TTM)19.42%
Revenue growth 3Y20.37%
Revenue growth 5Y25.41%
Sales Q2Q%23.02%
3.2 Future
- The Earnings Per Share is expected to grow by 34.36% on average over the next years. This is a very strong growth
- The Revenue is expected to grow by 18.20% on average over the next years. This is quite good.
EPS Next Y119.92%
EPS Next 2Y49.99%
EPS Next 3Y34.36%
EPS Next 5YN/A
Revenue Next Year21.87%
Revenue Next 2Y20.05%
Revenue Next 3Y18.2%
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.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 20.04, the valuation of TOI can be described as rather expensive.
- 75.36% of the companies in the same industry are more expensive than TOI, based on the Price/Earnings ratio.
- TOI is valuated rather cheaply when we compare the Price/Earnings ratio to 27.09, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 21.90, which indicates a rather expensive current 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 66.67% of the companies listed in the same industry.
- TOI's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.98.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.04 | ||
| Fwd PE | 21.9 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, TOI is valued a bit cheaper than 72.46% of the companies in the same industry.
- 84.06% of the companies in the same industry are more expensive than TOI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.18 | ||
| EV/EBITDA | 11.23 |
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.
- The decent profitability rating of TOI may justify a higher PE ratio.
- TOI's earnings are expected to grow with 34.36% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.17
PEG (5Y)N/A
EPS Next 2Y49.99%
EPS Next 3Y34.36%
5. Dividend
5.1 Amount
- TOI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
TSX-V:TOI (2/19/2026, 7:00:00 PM)
88.39
-0.41 (-0.46%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-04 2025-11-04/amc
Earnings (Next)02-24 2026-02-24
Inst Owners21.35%
Inst Owner ChangeN/A
Ins Owners0.47%
Ins Owner ChangeN/A
Market Cap7.37B
Revenue(TTM)1.48B
Net Income(TTM)5.96M
Analysts83.64
Price Target187.34 (111.95%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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)-14.37%
EPS NQ rev (1m)18.49%
EPS NQ rev (3m)56.67%
EPS NY rev (1m)52.19%
EPS NY rev (3m)34.28%
Revenue NQ rev (1m)-0.91%
Revenue NQ rev (3m)-2.21%
Revenue NY rev (1m)1.65%
Revenue NY rev (3m)-0.74%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.04 | ||
| Fwd PE | 21.9 | ||
| P/S | 3.08 | ||
| P/FCF | 12.18 | ||
| P/OCF | 11.85 | ||
| P/B | 10.79 | ||
| P/tB | N/A | ||
| EV/EBITDA | 11.23 |
EPS(TTM)4.41
EY4.99%
EPS(NY)4.04
Fwd EY4.57%
FCF(TTM)7.26
FCFY8.21%
OCF(TTM)7.46
OCFY8.44%
SpS28.71
BVpS8.19
TBVpS-14.55
PEG (NY)0.17
PEG (5Y)N/A
Graham Number28.51
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 2.38 |
F-Score4
WACC10.36%
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)167.65%
EPS 3YN/A
EPS 5Y-9.92%
EPS Q2Q%514.29%
EPS Next Y119.92%
EPS Next 2Y49.99%
EPS Next 3Y34.36%
EPS Next 5YN/A
Revenue 1Y (TTM)19.42%
Revenue growth 3Y20.37%
Revenue growth 5Y25.41%
Sales Q2Q%23.02%
Revenue Next Year21.87%
Revenue Next 2Y20.05%
Revenue Next 3Y18.2%
Revenue Next 5YN/A
EBIT growth 1Y21.21%
EBIT growth 3Y21.89%
EBIT growth 5Y26.7%
EBIT Next Year98.27%
EBIT Next 3Y44.62%
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 5 / 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 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 grow by 119.92% in the next year.