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

Canada • TSX Venture Exchange • TSX-V:TOI • CA89072T1021

90.41 CAD
-1.72 (-1.87%)
Last: Feb 10, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to TOI. TOI was compared to 67 industry peers in the Software industry. TOI has a medium profitability rating, but doesn't score so well on its financial health evaluation. TOI has both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare combination!


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year TOI was profitable.
  • In the past year TOI had a positive cash flow from operations.
  • Of the past 5 years TOI 4 years were profitable.
  • In the past 5 years TOI always reported a positive cash flow from operatings.
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 0 -500M -1B -1.5B

1.2 Ratios

  • TOI has a Return On Assets (0.25%) which is comparable to the rest of the industry.
  • TOI's Return On Equity of 1.41% is fine compared to the rest of the industry. TOI outperforms 62.69% of its industry peers.
  • TOI has a better Return On Invested Capital (10.29%) than 83.58% 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 12.66%.
Industry RankSector 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%
TOI.CA Yearly ROA, ROE, ROICTOI.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 0 100 -100 200

1.3 Margins

  • The Profit Margin of TOI (0.40%) is better than 64.18% of its industry peers.
  • TOI's Profit Margin has declined in the last couple of years.
  • TOI has a better Operating Margin (15.38%) than 80.60% of its industry peers.
  • TOI's Operating Margin has been stable in the last couple of years.
  • With an excellent Gross Margin value of 90.36%, TOI belongs to the best of the industry, outperforming 95.52% of the companies in the same industry.
  • TOI's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
TOI.CA Yearly Profit, Operating, Gross MarginsTOI.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 0 -100 -200

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

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.
  • TOI has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for TOI has been increased compared to 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 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 500M 1B 1.5B

2.2 Solvency

  • An Altman-Z score of 2.40 indicates that TOI is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • TOI's Altman-Z score of 2.40 is in line compared to the rest of the industry. TOI outperforms 56.72% 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.
  • The Debt to FCF ratio of TOI (2.24) is better than 71.64% of its industry peers.
  • TOI has a Debt/Equity ratio of 1.88. This is a high value indicating a heavy dependency on external financing.
  • TOI has a worse Debt to Equity ratio (1.88) than 67.16% 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 1.88
Debt/FCF 2.24
Altman-Z 2.4
ROIC/WACC0.99
WACC10.38%
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 0 200M -200M -400M -600M

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 has a worse Current ratio (0.87) than 62.69% of its industry peers.
  • TOI has a Quick 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 Quick ratio of 0.87 is on the low side compared to the rest of the industry. TOI is outperformed by 62.69% of its industry peers.
Industry RankSector Rank
Current Ratio 0.87
Quick Ratio 0.87
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 200M 400M 600M

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

8

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 167.65% over the past year.
  • 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.
  • The Revenue has grown by 19.42% in the past year. This is quite good.
  • TOI shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 25.41% yearly.
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

  • Based on estimates for the next years, TOI will show a very strong growth in Earnings Per Share. The EPS will grow by 42.22% on average per year.
  • TOI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 18.27% yearly.
EPS Next Y119.92%
EPS Next 2Y62.34%
EPS Next 3Y42.22%
EPS Next 5YN/A
Revenue Next Year21.87%
Revenue Next 2Y20.21%
Revenue Next 3Y18.27%
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.
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 1 2 3

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Find the best growth stocksShow best growing peers

7

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 20.50, the valuation of TOI can be described as rather expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of TOI indicates a somewhat cheap valuation: TOI is cheaper than 74.63% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 28.03. TOI is valued slightly cheaper when compared to this.
  • With a Price/Forward Earnings ratio of 19.15, TOI is valued on the expensive side.
  • 70.15% of the companies in the same industry are more expensive than TOI, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.97, TOI is valued a bit cheaper.
Industry RankSector Rank
PE 20.5
Fwd PE 19.15
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 40

4.2 Price Multiples

  • 73.13% of the companies in the same industry are more expensive than TOI, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, TOI is valued cheaper than 85.07% of the companies in the same industry.
Industry RankSector Rank
P/FCF 12.47
EV/EBITDA 11.44
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 low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • TOI has a very decent profitability rating, which may justify a higher PE ratio.
  • TOI's earnings are expected to grow with 42.22% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.17
PEG (5Y)N/A
EPS Next 2Y62.34%
EPS Next 3Y42.22%

More info and screens

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

0

5. Dividend

5.1 Amount

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

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Find the best dividend stocksShow peers with best dividend

TOPICUS.COM INC-SUB VOTING

TSX-V:TOI (2/10/2026, 7:00:00 PM)

90.41

-1.72 (-1.87%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-04
Earnings (Next)02-10
Inst Owners21.35%
Inst Owner ChangeN/A
Ins Owners0.47%
Ins Owner ChangeN/A
Market Cap7.53B
Revenue(TTM)1.48B
Net Income(TTM)5.96M
Analysts83.64
Price Target187.34 (107.21%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend2.49
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)17.33%
EPS NY rev (3m)34.28%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.32%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.74%
Valuation
Industry RankSector Rank
PE 20.5
Fwd PE 19.15
P/S 3.15
P/FCF 12.47
P/OCF 12.14
P/B 11.06
P/tB N/A
EV/EBITDA 11.44
EPS(TTM)4.41
EY4.88%
EPS(NY)4.72
Fwd EY5.22%
FCF(TTM)7.25
FCFY8.02%
OCF(TTM)7.45
OCFY8.24%
SpS28.67
BVpS8.18
TBVpS-14.53
PEG (NY)0.17
PEG (5Y)N/A
Graham Number28.49
Profitability
Industry RankSector 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 RankSector 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 2.4
F-Score4
WACC10.38%
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 2Y62.34%
EPS Next 3Y42.22%
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 2Y20.21%
Revenue Next 3Y18.27%
Revenue Next 5YN/A
EBIT growth 1Y21.21%
EBIT growth 3Y21.89%
EBIT growth 5Y26.7%
EBIT Next Year98.27%
EBIT Next 3Y34.86%
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.