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

TSX-V:TOI • CA89072T1021

Current stock price

91.15 CAD
-1.68 (-1.81%)
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

  • 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.
  • 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 62.50% of the companies in the same industry.
  • TOI's Return On Equity of 4.58% is fine compared to the rest of the industry. TOI outperforms 68.75% of its industry peers.
  • TOI has a better Return On Invested Capital (9.33%) than 73.44% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for TOI is in line with the industry average of 12.99%.
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 62.50% of the companies in the same industry.
  • TOI's Profit Margin has declined in the last couple of years.
  • The Operating Margin of TOI (15.05%) is better than 79.69% of its industry peers.
  • In the last couple of years the Operating Margin of TOI has declined.
  • TOI has a better Gross Margin (89.87%) than 90.63% 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

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so TOI is still 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

  • An Altman-Z score of 2.30 indicates that TOI is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • TOI has a Altman-Z score (2.30) which is in line with 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.
  • The Debt to FCF ratio of TOI (1.97) is better than 76.56% of its industry peers.
  • TOI has a Debt/Equity ratio of 1.58. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 1.58, TOI is not doing good in the industry: 68.75% of the companies in the same industry are doing better.
  • Although TOI's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. 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 RankSector Rank
Debt/Equity 1.58
Debt/FCF 1.97
Altman-Z 2.3
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 71.88% 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 71.88% 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.
  • 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 -0.38% yearly.
  • Based on estimates for the next years, TOI will show a quite strong growth in Revenue. The Revenue will grow by 15.75% on average per year.
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

  • 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 0.5 1 1.5 2 2.5

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5

4. TOI.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 19.31, which indicates a rather expensive current valuation of TOI.
  • Based on the Price/Earnings ratio, TOI is valued a bit cheaper than 78.13% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.91, TOI is valued a bit cheaper.
  • The Price/Forward Earnings ratio is 23.06, which indicates a rather expensive current valuation of TOI.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of TOI indicates a somewhat cheap valuation: TOI is cheaper than 65.63% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.68, TOI is valued at the same level.
Industry RankSector Rank
PE 19.31
Fwd PE 23.06
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

  • TOI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. TOI is cheaper than 65.63% of the companies in the same industry.
  • 84.38% of the companies in the same industry are more expensive than TOI, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 11.68
EV/EBITDA 11.03
TOI.CA Per share dataTOI.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20 30

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

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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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Find the best dividend stocksShow peers with best dividend

TOI.CA Fundamentals: All Metrics, Ratios and Statistics

TOPICUS.COM INC-SUB VOTING

TSX-V:TOI (4/9/2026, 7:00:00 PM)

91.15

-1.68 (-1.81%)

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 Cap7.60B
Revenue(TTM)1.55B
Net Income(TTM)21.69M
Analysts83.64
Price Target149.6 (64.13%)
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)0%
EPS NQ rev (3m)6.25%
EPS NY rev (1m)0%
EPS NY rev (3m)-16.46%
Revenue NQ rev (1m)-0.23%
Revenue NQ rev (3m)0.8%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.31%
Valuation
Industry RankSector Rank
PE 19.31
Fwd PE 23.06
P/S 3.03
P/FCF 11.68
P/OCF 11.38
P/B 9.91
P/tB N/A
EV/EBITDA 11.03
EPS(TTM)4.72
EY5.18%
EPS(NY)3.95
Fwd EY4.34%
FCF(TTM)7.8
FCFY8.56%
OCF(TTM)8.01
OCFY8.79%
SpS30.13
BVpS9.2
TBVpS-14.12
PEG (NY)N/A
PEG (5Y)N/A
Graham Number31.25
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 2.3
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 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 19.31 and the Price/Book (PB) ratio is 9.91.


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.