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

TSX-V:TOI • CA89072T1021

93.74 CAD
-0.76 (-0.8%)
Last: Feb 27, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Taking everything into account, TOI scores 4 out of 10 in our fundamental rating. TOI was compared to 70 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 has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

6

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.
  • In multiple years TOI reported negative net income over the last 5 years.
  • TOI had a positive operating cash flow in 4 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 0 -500M -1B -1.5B

1.2 Ratios

  • With a decent Return On Assets value of 0.25%, TOI is doing good in the industry, outperforming 61.19% of the companies in the same industry.
  • TOI's Return On Equity of 1.41% is fine compared to the rest of the industry. TOI outperforms 64.18% of its industry peers.
  • With an excellent Return On Invested Capital value of 10.29%, TOI belongs to the best of the industry, outperforming 83.58% of the companies in the same industry.
  • 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 12.20%.
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 65.67% of its industry peers.
  • TOI's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 15.38%, TOI belongs to the top of the industry, outperforming 80.60% of the companies in the same industry.
  • In the last couple of years the Operating Margin of TOI has remained more or less at the same level.
  • TOI has a Gross Margin of 90.36%. This is amongst the best in the industry. TOI outperforms 94.03% of its industry peers.
  • 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

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so TOI is still creating some value.
  • There is no outstanding debt for TOI. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
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

  • TOI has an Altman-Z score of 2.45. 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.
  • Looking at the Altman-Z score, with a value of 2.45, TOI is in line with its industry, outperforming 58.21% of the companies in the same industry.
  • 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 73.13% 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.
  • With a Debt to Equity ratio value of 1.88, TOI is not doing good in the industry: 65.67% of the companies in the same industry are doing better.
  • 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 2.45
ROIC/WACC0.99
WACC10.35%
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.
  • With a Current ratio value of 0.87, TOI is not doing good in the industry: 61.19% of the companies in the same industry are doing better.
  • 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 61.19% 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

3

3. Growth

3.1 Past

  • TOI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 162.53%, which is quite impressive.
EPS 1Y (TTM)162.53%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%46.02%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%15.97%

3.2 Future

  • TOI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.68% yearly.
  • Based on estimates for the next years, TOI will show a quite strong growth in Revenue. The Revenue will grow by 15.51% on average per year.
EPS Next Y0.38%
EPS Next 2Y4.68%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year18.49%
Revenue Next 2Y15.51%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

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

More info and screens

Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 19.94, TOI is valued on the expensive side.
  • Based on the Price/Earnings ratio, TOI is valued a bit cheaper than 77.61% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of TOI to the average of the S&P500 Index (27.07), we can say TOI is valued slightly cheaper.
  • The Price/Forward Earnings ratio is 19.86, which indicates a rather expensive current valuation of TOI.
  • 68.66% of the companies in the same industry are more expensive than TOI, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 28.05. TOI is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 19.94
Fwd PE 19.86
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TOI indicates a somewhat cheap valuation: TOI is cheaper than 71.64% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of TOI indicates a rather cheap valuation: TOI is cheaper than 85.07% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 12.93
EV/EBITDA 11.85
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 high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates TOI does not grow enough to justify the current Price/Earnings ratio.
  • The decent profitability rating of TOI may justify a higher PE ratio.
PEG (NY)52.29
PEG (5Y)N/A
EPS Next 2Y4.68%
EPS Next 3YN/A

More info and screens

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

0

5. Dividend

5.1 Amount

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

More info and screens

Find the best dividend stocksShow peers with best dividend

TOPICUS.COM INC-SUB VOTING

TSX-V:TOI (2/27/2026, 7:00:00 PM)

93.74

-0.76 (-0.8%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-25
Earnings (Next)05-05
Inst Owners21.35%
Inst Owner ChangeN/A
Ins Owners0.47%
Ins Owner ChangeN/A
Market Cap7.81B
Revenue(TTM)N/A
Net Income(TTM)5.96M
Analysts83.64
Price Target149.6 (59.59%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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)-24.27%
PT rev (3m)-24.98%
EPS NQ rev (1m)-0.71%
EPS NQ rev (3m)55.56%
EPS NY rev (1m)0%
EPS NY rev (3m)34.28%
Revenue NQ rev (1m)-0.91%
Revenue NQ rev (3m)-0.91%
Revenue NY rev (1m)-0.25%
Revenue NY rev (3m)-0.99%
Valuation
Industry RankSector Rank
PE 19.94
Fwd PE 19.86
P/S 3.27
P/FCF 12.93
P/OCF 12.59
P/B 11.46
P/tB N/A
EV/EBITDA 11.85
EPS(TTM)4.7
EY5.01%
EPS(NY)4.72
Fwd EY5.04%
FCF(TTM)7.25
FCFY7.73%
OCF(TTM)7.45
OCFY7.94%
SpS28.67
BVpS8.18
TBVpS-14.52
PEG (NY)52.29
PEG (5Y)N/A
Graham Number29.41
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 2.45
F-Score4
WACC10.35%
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)162.53%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%46.02%
EPS Next Y0.38%
EPS Next 2Y4.68%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%15.97%
Revenue Next Year18.49%
Revenue Next 2Y15.51%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y21.21%
EBIT growth 3Y21.89%
EBIT growth 5Y26.7%
EBIT Next Year98.27%
EBIT Next 3Y38.44%
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 4 / 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.


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 0.38% in the next year.