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

TSX-V:TOI • CA89072T1021

Current stock price

104.03 CAD
+3.86 (+3.85%)
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.
  • 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.
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 63.64% of its industry peers.
  • The Return On Equity of TOI (4.58%) is better than 68.18% of its industry peers.
  • With a decent Return On Invested Capital value of 9.33%, TOI is doing good in the industry, outperforming 75.76% of the companies in the same industry.
  • TOI had an Average Return On Invested Capital over the past 3 years of 11.83%. This is in line with the industry average of 13.06%.
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

  • The Profit Margin of TOI (1.40%) is better than 63.64% of its industry peers.
  • TOI's Profit Margin has declined in the last couple of years.
  • The Operating Margin of TOI (15.05%) is better than 80.30% of its industry peers.
  • 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.
  • TOI's Gross Margin has been stable in the last couple of years.
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.
  • The number of shares outstanding for TOI has been increased compared to 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 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 2.50 indicates that TOI is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of TOI (2.50) is better than 62.12% 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.
  • TOI's Debt to FCF ratio of 1.97 is fine compared to the rest of the industry. TOI outperforms 77.27% 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.
  • TOI's Debt to Equity ratio of 1.58 is on the low side compared to the rest of the industry. TOI is outperformed by 63.64% 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 2.5
ROIC/WACC0.97
WACC9.66%
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.
  • The Current ratio of TOI (0.62) is worse than 66.67% of its industry peers.
  • A Quick Ratio of 0.61 indicates that TOI may have some problems paying 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 66.67% 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 -0.86% yearly.
  • Based on estimates for the next years, TOI will show a quite strong growth in Revenue. The Revenue will grow by 15.18% on average per year.
EPS Next Y-17.11%
EPS Next 2Y-0.86%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year16.18%
Revenue Next 2Y15.18%
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

  • The Price/Earnings ratio is 22.23, which indicates a rather expensive current valuation of TOI.
  • Compared to the rest of the industry, the Price/Earnings ratio of TOI indicates a somewhat cheap valuation: TOI is cheaper than 77.27% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.50, TOI is valued at the same level.
  • With a Price/Forward Earnings ratio of 26.80, TOI can be considered very expensive at the moment.
  • Based on the Price/Forward Earnings ratio, TOI is valued a bit cheaper than 66.67% of the companies in the same industry.
  • TOI is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.62, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 22.23
Fwd PE 26.8
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 68.18% of the companies listed in the same industry.
  • TOI's Price/Free Cash Flow ratio is rather cheap when compared to the industry. TOI is cheaper than 83.33% of the companies in the same industry.
Industry RankSector Rank
P/FCF 13.45
EV/EBITDA 12.65
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-0.86%
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

  • 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 (4/22/2026, 7:00:00 PM)

104.03

+3.86 (+3.85%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-25
Earnings (Next)05-05
Inst Owners20.54%
Inst Owner ChangeN/A
Ins Owners0.47%
Ins Owner ChangeN/A
Market Cap8.67B
Revenue(TTM)1.55B
Net Income(TTM)21.69M
Analysts83.64
Price Target146.2 (40.54%)
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)-2.27%
PT rev (3m)-25.99%
EPS NQ rev (1m)0%
EPS NQ rev (3m)6.25%
EPS NY rev (1m)-0.95%
EPS NY rev (3m)-1.68%
Revenue NQ rev (1m)-0.23%
Revenue NQ rev (3m)0.8%
Revenue NY rev (1m)-0.96%
Revenue NY rev (3m)-0.59%
Valuation
Industry RankSector Rank
PE 22.23
Fwd PE 26.8
P/S 3.48
P/FCF 13.45
P/OCF 13.1
P/B 11.41
P/tB N/A
EV/EBITDA 12.65
EPS(TTM)4.68
EY4.5%
EPS(NY)3.88
Fwd EY3.73%
FCF(TTM)7.73
FCFY7.43%
OCF(TTM)7.94
OCFY7.63%
SpS29.87
BVpS9.12
TBVpS-14
PEG (NY)N/A
PEG (5Y)N/A
Graham Number30.9826 (-70.22%)
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 2.5
F-Score3
WACC9.66%
ROIC/WACC0.97
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-17.11%
EPS Next 2Y-0.86%
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 Year16.18%
Revenue Next 2Y15.18%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y13.24%
EBIT growth 3Y27.21%
EBIT growth 5Y20.65%
EBIT Next Year103.8%
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 22.23 and the Price/Book (PB) ratio is 11.41.


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 -17.11% in the next year.