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

TSX-V:TOI • CA89072T1021

Current stock price

96.31 CAD
+2.74 (+2.93%)
Last:

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

6

1. TOI.CA Profitability Analysis

1.1 Basic Checks

  • TOI had positive earnings in the past year.
  • In the past year TOI had a positive cash flow from operations.
  • TOI had positive earnings in 4 of the past 5 years.
  • TOI had a positive operating cash flow in each of the past 5 years.
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 2025 0 -500M -1B -1.5B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 0.86%, TOI is in the better half of the industry, outperforming 62.32% of the companies in the same industry.
  • TOI has a better Return On Equity (4.58%) than 69.57% of its industry peers.
  • TOI has a Return On Invested Capital of 9.33%. This is in the better half of the industry: TOI outperforms 76.81% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for TOI is in line with the industry average of 12.70%.
Industry RankSector Rank
ROA 0.86%
ROE 4.58%
ROIC 9.33%
ROA(3y)4.22%
ROA(5y)-33.29%
ROE(3y)19.84%
ROE(5y)N/A
ROIC(3y)11.83%
ROIC(5y)11.52%
TOI.CA Yearly ROA, ROE, ROICTOI.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 2025 0 100 -100 200

1.3 Margins

  • Looking at the Profit Margin, with a value of 1.40%, TOI is in the better half of the industry, outperforming 65.22% of the companies in the same industry.
  • TOI's Profit Margin has declined in the last couple of years.
  • TOI has a better Operating Margin (15.05%) than 81.16% of its industry peers.
  • In the last couple of years the Operating Margin of TOI has declined.
  • TOI's Gross Margin of 89.87% is amongst the best of the industry. TOI outperforms 91.30% 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 RankSector Rank
OM 15.05%
PM (TTM) 1.4%
GM 89.87%
OM growth 3Y6.72%
OM growth 5Y-4.04%
PM growth 3Y-22.48%
PM growth 5Y-26.9%
GM growth 3Y-0.42%
GM growth 5Y-0.07%
TOI.CA Yearly Profit, Operating, Gross MarginsTOI.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 2025 0 -100 -200

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3

2. TOI.CA Health Analysis

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.
  • TOI has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, TOI has a worse debt to assets ratio.
TOI.CA Yearly Shares OutstandingTOI.CA Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 2025 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 2025 500M 1B 1.5B 2B 2.5B

2.2 Solvency

  • An Altman-Z score of 2.39 indicates that TOI is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of TOI (2.39) is better than 62.32% of its industry peers.
  • TOI has a debt to FCF ratio of 1.97. This is a very positive value and a sign of high solvency as it would only need 1.97 years to pay back of all of its debts.
  • TOI has a Debt to FCF ratio of 1.97. This is in the better half of the industry: TOI outperforms 78.26% of its industry peers.
  • A Debt/Equity ratio of 1.58 is on the high side and indicates that TOI has dependencies on debt financing.
  • TOI's Debt to Equity ratio of 1.58 is on the low side compared to the rest of the industry. TOI is outperformed by 65.22% 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 1.58
Debt/FCF 1.97
Altman-Z 2.39
ROIC/WACC0.95
WACC9.86%
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 2025 0 200M -200M 400M -400M -600M

2.3 Liquidity

  • TOI has a Current Ratio of 0.62. 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 Current ratio of 0.62. This is in the lower half of the industry: TOI underperforms 68.12% of its industry peers.
  • TOI has a Quick Ratio of 0.62. 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 (0.61) than 68.12% of its industry peers.
Industry RankSector Rank
Current Ratio 0.62
Quick Ratio 0.61
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 2025 200M 400M 600M 800M 1B

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

6

3. TOI.CA Growth Analysis

3.1 Past

  • TOI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 163.06%, which is quite impressive.
  • Measured over the past years, TOI shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -21.59% on average per year.
  • Looking at the last year, TOI shows a quite strong growth in Revenue. The Revenue has grown by 19.88% in the last year.
  • TOI shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 25.73% yearly.
EPS 1Y (TTM)163.06%
EPS 3Y-7.17%
EPS 5Y-21.59%
EPS Q2Q%47.5%
Revenue 1Y (TTM)19.88%
Revenue growth 3Y19.19%
Revenue growth 5Y25.73%
Sales Q2Q%17.68%

3.2 Future

  • TOI is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -1.89% yearly.
  • The Revenue is expected to grow by 13.98% on average over the next years. This is quite good.
EPS Next Y-18.83%
EPS Next 2Y-1.89%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year13.8%
Revenue Next 2Y13.98%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • 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 0.5 1 1.5 2 2.5

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5

4. TOI.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 20.62, TOI is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Earnings ratio of TOI indicates a somewhat cheap valuation: TOI is cheaper than 78.26% of the companies listed in the same industry.
  • TOI is valuated rather cheaply when we compare the Price/Earnings ratio to 26.64, which is the current average of the S&P500 Index.
  • TOI is valuated quite expensively with a Price/Forward Earnings ratio of 25.41.
  • 68.12% of the companies in the same industry are more expensive than TOI, based on the Price/Forward Earnings ratio.
  • TOI's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.36.
Industry RankSector Rank
PE 20.62
Fwd PE 25.41
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

  • Based on the Enterprise Value to EBITDA ratio, TOI is valued a bit cheaper than the industry average as 71.01% of the companies are valued more expensively.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of TOI indicates a rather cheap valuation: TOI is cheaper than 85.51% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 12.48
EV/EBITDA 11.76
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 decent profitability rating of TOI may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-1.89%
EPS Next 3YN/A

More info and screens

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

0

5. TOI.CA Dividend Analysis

5.1 Amount

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

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TOI.CA Fundamentals: All Metrics, Ratios and Statistics

TOPICUS.COM INC-SUB VOTING

TSX-V:TOI (5/1/2026, 7:00:00 PM)

96.31

+2.74 (+2.93%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Industry Strength11.81
Industry Growth43.28
Earnings (Last)02-25
Earnings (Next)05-05
Inst Owners20.54%
Inst Owner ChangeN/A
Ins Owners0.47%
Ins Owner ChangeN/A
Market Cap8.03B
Revenue(TTM)1.55B
Net Income(TTM)21.69M
Analysts83.64
Price Target146.2 (51.8%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend0
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)114.86%
Min EPS beat(2)-18.17%
Max EPS beat(2)247.9%
EPS beat(4)1
Avg EPS beat(4)39.45%
Min EPS beat(4)-37.36%
Max EPS beat(4)247.9%
EPS beat(8)1
Avg EPS beat(8)5.79%
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)-3.52%
Min Revenue beat(2)-3.71%
Max Revenue beat(2)-3.33%
Revenue beat(4)0
Avg Revenue beat(4)-3.54%
Min Revenue beat(4)-4.57%
Max Revenue beat(4)-2.54%
Revenue beat(8)1
Avg Revenue beat(8)-3%
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)-2.27%
PT rev (3m)-25.99%
EPS NQ rev (1m)0%
EPS NQ rev (3m)6.25%
EPS NY rev (1m)-3.01%
EPS NY rev (3m)-18.98%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.8%
Revenue NY rev (1m)-2.98%
Revenue NY rev (3m)-4.26%
Valuation
Industry RankSector Rank
PE 20.62
Fwd PE 25.41
P/S 3.23
P/FCF 12.48
P/OCF 12.16
P/B 10.59
P/tB N/A
EV/EBITDA 11.76
EPS(TTM)4.67
EY4.85%
EPS(NY)3.79
Fwd EY3.94%
FCF(TTM)7.72
FCFY8.01%
OCF(TTM)7.92
OCFY8.22%
SpS29.79
BVpS9.09
TBVpS-13.96
PEG (NY)N/A
PEG (5Y)N/A
Graham Number30.9108 (-67.9%)
Profitability
Industry RankSector Rank
ROA 0.86%
ROE 4.58%
ROCE 15.59%
ROIC 9.33%
ROICexc 11.35%
ROICexgc 56.36%
OM 15.05%
PM (TTM) 1.4%
GM 89.87%
FCFM 25.9%
ROA(3y)4.22%
ROA(5y)-33.29%
ROE(3y)19.84%
ROE(5y)N/A
ROIC(3y)11.83%
ROIC(5y)11.52%
ROICexc(3y)14.51%
ROICexc(5y)13.81%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)19.78%
ROCE(5y)18.62%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y-0.73%
ROICexc growth 5Y-7.99%
OM growth 3Y6.72%
OM growth 5Y-4.04%
PM growth 3Y-22.48%
PM growth 5Y-26.9%
GM growth 3Y-0.42%
GM growth 5Y-0.07%
F-Score3
Asset Turnover0.62
Health
Industry RankSector Rank
Debt/Equity 1.58
Debt/FCF 1.97
Debt/EBITDA 1.71
Cap/Depr 5.21%
Cap/Sales 0.69%
Interest Coverage 8.37
Cash Conversion 94.25%
Profit Quality 1853.32%
Current Ratio 0.62
Quick Ratio 0.61
Altman-Z 2.39
F-Score3
WACC9.86%
ROIC/WACC0.95
Cap/Depr(3y)5.08%
Cap/Depr(5y)5.11%
Cap/Sales(3y)0.67%
Cap/Sales(5y)0.71%
Profit Quality(3y)554.79%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)163.06%
EPS 3Y-7.17%
EPS 5Y-21.59%
EPS Q2Q%47.5%
EPS Next Y-18.83%
EPS Next 2Y-1.89%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)19.88%
Revenue growth 3Y19.19%
Revenue growth 5Y25.73%
Sales Q2Q%17.68%
Revenue Next Year13.8%
Revenue Next 2Y13.98%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y13.24%
EBIT growth 3Y27.21%
EBIT growth 5Y20.65%
EBIT Next Year99.56%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y18.47%
FCF growth 3Y27.12%
FCF growth 5Y21.88%
OCF growth 1Y18.71%
OCF growth 3Y26.68%
OCF growth 5Y22.13%

TOPICUS.COM INC-SUB VOTING / TOI.CA Fundamental Analysis 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 5 / 10 to TOPICUS.COM INC-SUB VOTING (TOI.CA). This can be considered as Fairly Valued.


Can you provide the profitability details for TOPICUS.COM INC-SUB VOTING?

TOPICUS.COM INC-SUB VOTING (TOI.CA) has a profitability rating of 6 / 10.


What is the valuation of TOPICUS.COM INC-SUB VOTING based on its PE and PB ratios?

The Price/Earnings (PE) ratio for TOPICUS.COM INC-SUB VOTING (TOI.CA) is 20.62 and the Price/Book (PB) ratio is 10.59.


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 decline by -18.83% in the next year.