TOPICUS.COM INC-SUB VOTING (TOI.CA) Stock Fundamental Analysis
Canada • TSX Venture Exchange • TSX-V:TOI • CA89072T1021
90.41 CAD
-4.31 (-4.55%)
Last: Feb 10, 2026, 07:00 PM
Overall TOI gets a fundamental rating of 5 out of 10. We evaluated TOI against 67 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.
- TOI had a positive operating cash flow in the past year.
- TOI had positive earnings in 4 of the past 5 years.
- 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 in line compared to the rest of the industry. TOI outperforms 59.70% of its industry peers.
- The Return On Equity of TOI (1.41%) is better than 62.69% of its industry peers.
- TOI's Return On Invested Capital of 10.29% is amongst the best of the industry. TOI outperforms 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 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 64.18% of its industry peers.
- In the last couple of years the Profit Margin of TOI has declined.
- TOI has a Operating Margin of 15.38%. This is amongst the best in the industry. TOI outperforms 80.60% of its industry peers.
- TOI's Operating Margin has been stable in the last couple of years.
- The Gross Margin of TOI (90.36%) is better than 95.52% of its industry peers.
- TOI's Gross Margin has been stable in the last couple of years.
| 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
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so TOI is still 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.
- The debt/assets ratio for TOI is higher compared to a year ago.
2.2 Solvency
- An Altman-Z score of 2.43 indicates that TOI is not a great score, but indicates only limited risk for bankruptcy at the moment.
- With a Altman-Z score value of 2.43, TOI perfoms like the industry average, outperforming 56.72% of the companies in the same industry.
- The Debt to FCF ratio of TOI is 2.24, which is a good value as it means it would take TOI, 2.24 years of fcf income to pay off all of its debts.
- Looking at the Debt to FCF ratio, with a value of 2.24, TOI is in the better half of the industry, outperforming 71.64% of the companies in the same industry.
- TOI has a Debt/Equity ratio of 1.88. This is a high value indicating a heavy dependency on external financing.
- The Debt to Equity ratio of TOI (1.88) is worse than 67.16% of its industry peers.
- 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 | 2.43 |
ROIC/WACC0.99
WACC10.39%
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.
- The Current ratio of TOI (0.87) is worse 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 has a worse Quick ratio (0.87) than 62.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.87 | ||
| Quick Ratio | 0.87 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 167.65% over the past year.
- TOI shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -9.92% yearly.
- Looking at the last year, TOI shows a quite strong growth in Revenue. The Revenue has grown by 19.42% in the last year.
- Measured over the past years, TOI shows a very strong growth in Revenue. The Revenue has been growing by 25.41% on average per year.
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
- TOI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 42.22% yearly.
- Based on estimates for the next years, TOI will show a quite strong growth in Revenue. The Revenue will grow by 18.27% on average per year.
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
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
- TOI is valuated rather expensively with a Price/Earnings ratio of 20.45.
- TOI's Price/Earnings ratio is a bit cheaper when compared to the industry. TOI is cheaper than 74.63% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 28.03. TOI is valued slightly cheaper when compared to this.
- Based on the Price/Forward Earnings ratio of 19.11, the valuation of TOI can be described as rather expensive.
- Based on the Price/Forward Earnings ratio, TOI is valued a bit cheaper than the industry average as 70.15% of the companies are valued more expensively.
- TOI's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.97.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.45 | ||
| Fwd PE | 19.11 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, TOI is valued a bit cheaper than 71.64% of the companies in the same industry.
- TOI's Price/Free Cash Flow ratio is rather cheap when compared to the industry. TOI is cheaper than 85.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.45 | ||
| EV/EBITDA | 11.63 |
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%
5. Dividend
5.1 Amount
- TOI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
TSX-V:TOI (2/10/2026, 7:00:00 PM)
90.41
-4.31 (-4.55%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-04 2025-11-04/amc
Earnings (Next)02-10 2026-02-10
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 Rank | Sector 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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.45 | ||
| Fwd PE | 19.11 | ||
| P/S | 3.15 | ||
| P/FCF | 12.45 | ||
| P/OCF | 12.11 | ||
| P/B | 11.03 | ||
| P/tB | N/A | ||
| EV/EBITDA | 11.63 |
EPS(TTM)4.42
EY4.89%
EPS(NY)4.73
Fwd EY5.23%
FCF(TTM)7.26
FCFY8.03%
OCF(TTM)7.46
OCFY8.25%
SpS28.73
BVpS8.19
TBVpS-14.56
PEG (NY)0.17
PEG (5Y)N/A
Graham Number28.55
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 | 2.43 |
F-Score4
WACC10.39%
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.