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

TSX-V:TOI • CA89072T1021

Current stock price

93.85 CAD
+3.01 (+3.31%)
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.
  • Of the past 5 years TOI 4 years were profitable.
  • Each year in the past 5 years TOI had a positive operating cash flow.
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

  • TOI has a better Return On Assets (0.86%) than 60.61% of its industry peers.
  • The Return On Equity of TOI (4.58%) is better than 69.70% of its industry peers.
  • With a decent Return On Invested Capital value of 9.33%, TOI is doing good in the industry, outperforming 74.24% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for TOI is in line with the industry average of 12.88%.
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

  • TOI has a Profit Margin of 1.40%. This is in the better half of the industry: TOI outperforms 63.64% of its industry peers.
  • In the last couple of years the Profit Margin of TOI has declined.
  • With an excellent Operating Margin value of 15.05%, TOI belongs to the best of the industry, outperforming 80.30% of the companies in the same industry.
  • TOI's Operating Margin has declined in the last couple of years.
  • Looking at the Gross Margin, with a value of 89.87%, TOI belongs to the top of the industry, outperforming 90.91% of the companies in the same industry.
  • 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

  • TOI has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • Compared to 1 year ago, TOI has more shares outstanding
  • The number of shares outstanding for TOI has been increased compared to 5 years ago.
  • TOI has a worse debt/assets ratio than last year.
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

  • TOI has an Altman-Z score of 2.31. 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 2.31. This is in the better half of the industry: TOI outperforms 60.61% of its industry peers.
  • The Debt to FCF ratio of TOI is 1.97, which is an excellent value as it means it would take TOI, only 1.97 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 1.97, TOI is in the better half of the industry, outperforming 77.27% of the companies in the same industry.
  • A Debt/Equity ratio of 1.58 is on the high side and indicates that TOI has dependencies on debt financing.
  • TOI has a Debt to Equity ratio of 1.58. This is in the lower half of the industry: TOI underperforms 66.67% 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 2.31
ROIC/WACC0.95
WACC9.85%
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's Current ratio of 0.62 is on the low side compared to the rest of the industry. TOI is outperformed by 69.70% 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's Quick ratio of 0.61 is on the low side compared to the rest of the industry. TOI is outperformed by 69.70% 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.
  • The earnings per share for TOI have been decreasing by -21.59% on average. This is quite bad
  • Looking at the last year, TOI shows a quite strong growth in Revenue. The Revenue has grown by 19.88% in the last year.
  • The Revenue has been growing by 25.73% on average over the past years. This is a very strong growth!
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

  • Based on estimates for the next years, TOI will show a decrease in Earnings Per Share. The EPS will decrease by -0.38% on average per year.
  • TOI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.75% yearly.
EPS Next Y-16.31%
EPS Next 2Y-0.38%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year17.3%
Revenue Next 2Y15.75%
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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4

4. TOI.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • TOI is valuated rather expensively with a Price/Earnings ratio of 20.14.
  • 77.27% of the companies in the same industry are more expensive than TOI, based on the Price/Earnings ratio.
  • TOI is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 24.75, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 24.04, which indicates a rather expensive current valuation of TOI.
  • Based on the Price/Forward Earnings ratio, TOI is valued a bit cheaper than the industry average as 65.15% of the companies are valued more expensively.
  • TOI's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.10.
Industry RankSector Rank
PE 20.14
Fwd PE 24.04
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

  • 68.18% 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 cheaply inside the industry as 84.85% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 12.18
EV/EBITDA 11.12
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

  • TOI has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-0.38%
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

  • TOI does not give a dividend.
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 (3/30/2026, 7:00:00 PM)

93.85

+3.01 (+3.31%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-25
Earnings (Next)05-05
Inst Owners20.63%
Inst Owner ChangeN/A
Ins Owners0.47%
Ins Owner ChangeN/A
Market Cap7.82B
Revenue(TTM)1.55B
Net Income(TTM)21.69M
Analysts83.64
Price Target149.6 (59.4%)
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)0%
PT rev (3m)-24.27%
EPS NQ rev (1m)6.25%
EPS NQ rev (3m)6.25%
EPS NY rev (1m)-16.46%
EPS NY rev (3m)-16.46%
Revenue NQ rev (1m)-1.99%
Revenue NQ rev (3m)1.03%
Revenue NY rev (1m)-1%
Revenue NY rev (3m)-1.31%
Valuation
Industry RankSector Rank
PE 20.14
Fwd PE 24.04
P/S 3.15
P/FCF 12.18
P/OCF 11.86
P/B 10.33
P/tB N/A
EV/EBITDA 11.12
EPS(TTM)4.66
EY4.97%
EPS(NY)3.9
Fwd EY4.16%
FCF(TTM)7.71
FCFY8.21%
OCF(TTM)7.91
OCFY8.43%
SpS29.75
BVpS9.08
TBVpS-13.94
PEG (NY)N/A
PEG (5Y)N/A
Graham Number30.86
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 2.31
F-Score3
WACC9.85%
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-16.31%
EPS Next 2Y-0.38%
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 Year17.3%
Revenue Next 2Y15.75%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y13.24%
EBIT growth 3Y27.21%
EBIT growth 5Y20.65%
EBIT Next Year105.75%
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 4 / 10 to TOI.CA.


Can you provide the valuation status for TOPICUS.COM INC-SUB VOTING?

ChartMill assigns a valuation rating of 4 / 10 to TOPICUS.COM INC-SUB VOTING (TOI.CA). This can be considered as Fairly Valued.


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 decline by -16.31% in the next year.