TIMIA Capital (MONT) AI Stock Analysis

• Market Cap: C$433.65K
• Dividend Yield: N/A
• Average Volume (3M): 61.02K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.39
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: 7
• Sector: General
• Sector Strength: N/A
• Industry: Asset Management
• EPS (TTM): >-0.01
• Shares Outstanding: 86,730,910
• 10 Day Avg. Volume: 94,070
• 30 Day Avg. Volume: 61,025
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.34
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.09
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: C$0.01 ▲(0.00% Upside)

The score is driven primarily by very weak financial performance (sharp revenue decline, large losses, persistent cash burn, and extremely high leverage). Technicals add additional downside risk with a clear downtrend versus key moving averages. Valuation provides limited support due to negative earnings and no dividend yield data.

Positive Factors

Business model — Revenue-based financing

RBF aligns repayments with borrower revenue, creating cashflow-linked returns and fee income potential. As a non-dilutive option for growth firms, this model can sustain origination demand long-term, embedding contractual repayment caps that provide predictable payoff profiles when underwriting holds.

Scale of invested assets

A large asset base supports diversified RBF exposures and gives the firm scale to originate or hold meaningful portfolios. Size can improve risk spreading across borrowers, enhance negotiation with funding providers, and provide a platform to rebuild origination volume without needing immediate equity raises.

Demonstrated prior profitability

Prior profitable years show the business model can generate positive returns under better funding and portfolio performance. This historical capability implies management and underwriting have delivered profitable vintages before, supporting a credible path to recovery if origination volumes and portfolio revenue growth normalize.

Negative Factors

Extremely high leverage

Leverage at ~28x equity meaningfully magnifies losses and raises refinancing and covenant risk. With limited equity cushion, adverse portfolio performance or higher funding costs could force asset sales, restructurings, or distress, reducing long-term strategic flexibility and increasing solvency risk across market cycles.

Severe revenue decline and cash burn

A 72% revenue drop and persistent negative operating cash flow indicate weak origination or collection performance and high ongoing burn. Sustained cash outflows increase reliance on external funding, elevate refinancing risk, and constrain the company's ability to scale originations or absorb borrower defaults over the medium term.

Negative gross profit and equity erosion

Negative gross profit signals the core lending portfolio is not covering funding and credit costs, a structural breach of unit economics. Concurrent equity contraction reduces capital available to underwrite new deals, making recovery harder and increasing the likelihood of dilutive or costly recapitalization needs over the medium term.

TIMIA Capital Business Overview & Revenue Model

Company Description

Montfort Capital Corp. acquires, manages, and builds companies that delivers private credit to diversified markets in North America. The company offers asset-based private credit for mid-market borrowers; revenue-based investment to business-to-business Software-as-a-Service businesses; and loan management services. The company was formerly known as TIMIA Capital Corp. and changed its name to Montfort Capital Corp. in June 2022. Montfort Capital Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.

How the Company Makes Money

TIMIA Capital generates revenue primarily through interest income on its financing agreements with technology companies. The company provides capital in exchange for a percentage of the companies' future revenues, which allows TIMIA to earn returns based on the performance of its portfolio companies. Additionally, TIMIA may charge fees related to the origination and management of these financing agreements. Its revenue model is enhanced by strategic partnerships with venture capital firms and technology accelerators, which can lead to a pipeline of potential clients needing growth capital.

TIMIA Capital Financial Statement Overview

Summary

Financials are highly stressed: TTM revenue fell ~72% to ~4.9M, gross profit is negative, and net income is about -15.5M (net margin roughly -314%). The balance sheet is extremely leveraged (TTM debt ~253.5M vs equity ~8.9M; ~28x debt-to-equity) with shrinking equity, and cash generation is weak with TTM operating cash flow/free cash flow around -33.4M, increasing funding and solvency risk.

Income Statement

Profitability has deteriorated sharply. In TTM (Trailing-Twelve-Months), revenue fell to ~4.9M (down ~72%), gross profit is negative, and the company is deeply unprofitable with net income around -15.5M (net margin roughly -314%). While results were profitable in 2021–2022 (positive net income and strong margins), the business swung back to sizable losses in 2023 and worsened further into 2024–TTM, highlighting high earnings volatility and weak operating leverage.

Balance Sheet

Leverage is the primary concern. TTM (Trailing-Twelve-Months) debt is ~253.5M versus equity of ~8.9M, implying extremely high balance-sheet risk (debt-to-equity ~28x). Equity has contracted meaningfully from 2022–2023 levels, and returns on equity are deeply negative in TTM, consistent with ongoing losses. While total assets remain sizable (~267.1M TTM), the capital structure leaves limited room for adverse performance or refinancing stress.

Cash Flow

Cash generation is weak and trending negative. TTM (Trailing-Twelve-Months) operating cash flow and free cash flow are both about -33.4M, following similarly negative outflows in 2022–2024. Cash flow has not been consistently supported by profits (and is negative while net income is also negative), which increases reliance on external funding. The only clear positive point is the one-time rebound versus the prior period implied by the positive free cash flow growth, but the absolute cash burn remains significant.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.95M	0.00	25.56M	31.27M	8.02M	6.09M
Gross Profit	-1.68M	-19.55M	25.56M	31.27M	8.84M	6.09M
EBITDA	-698.39K	14.87M	12.10M	20.63M	5.52M	3.49M
Net Income	-15.52M	-23.69M	-12.50M	591.08K	2.26M	-586.34K
Balance Sheet
Total Assets	267.14M	413.08M	402.51M	455.47M	125.08M	41.92M
Cash, Cash Equivalents and Short-Term Investments	962.34K	2.03M	6.85M	7.01M	9.31M	12.87M
Total Debt	253.50M	211.21M	371.49M	373.73M	73.98M	6.95M
Total Liabilities	258.24M	401.23M	364.28M	402.60M	111.95M	7.57M
Stockholders Equity	8.90M	11.85M	35.77M	50.27M	13.13M	7.56M
Cash Flow
Free Cash Flow	-33.44M	-43.69M	-30.20M	-49.33M	7.04M	-4.42M
Operating Cash Flow	-33.44M	-43.69M	-30.20M	-49.33M	7.04M	-4.42M
Investing Cash Flow	2.47M	3.76M	256.82K	-2.23M	-4.57M	0.00
Financing Cash Flow	20.77M	36.82M	31.22M	47.02M	-5.15M	13.18M

TIMIA Capital Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MONT, the sentiment is Negative. The current price of 0.01 is above the 20-day moving average (MA) of <0.01, below the 50-day MA of 0.01, and below the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 42.92 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MONT.

TIMIA Capital Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IDK	51 Neutral	C$8.01M	-0.30	-55.73%	―	53.55%	-289.42%
QCA	48 Neutral	C$4.21M	-0.98	-37.19%	―	26.42%	-1217.14%
MONT	42 Neutral	C$433.65K	-0.07	―	―	―	―
FGFL	37 Underperform	C$1.56M	-2.74	-31.04%	―	-1041.39%	60.33%
LLL	32 Underperform	C$1.03M	-0.57	-527.67%	―	―	-91.35%
BLR.X	24 Underperform	C$308.88K	4.55	―	―	―	―

TIMIA Capital Corporate Events

Montfort Capital Reports Q3 2025 Results Amid Restructuring and Leadership Changes

Montfort Capital Corp. reported its financial results for the third quarter of 2025, highlighting the positive impact of restructuring efforts focused on reducing overhead expenses and concentrating operations in Toronto. Despite a decrease in total revenue by 8% due to lower transaction fees and interest rates, the company saw a significant decrease in net loss from discontinued operations, driven by the gain from the sale of Brightpath. The company also announced the departure of its CFO, with Catapult Consulting Group stepping in to manage financial reporting until a replacement is appointed.

Montfort Capital Finalizes Pivot Group Sale and Share Repurchase

Montfort Capital Corp. has completed the sale of its Pivot Group to Pivot Endgame Corp. and concurrently repurchased and canceled a significant number of shares from Dan Flaro, the president of the Pivot Group. The sale involved a cash consideration and promissory notes, while the share repurchase reduced Montfort’s outstanding common and preferred shares, reflecting strategic financial restructuring.

Montfort Capital Updates Pivot Sale Agreement and Announces Auditor Change

Montfort Capital Corp. has amended its agreement to sell the Pivot Group to a third-party investment fund, revising the payment terms to include a $1,000,000 cash consideration and a non-interest bearing promissory note. The sale’s closing date has been extended to October 31, 2025, with Montfort providing a $250,000 guarantee for certain loan receivables. Additionally, Montfort has announced a change of auditor, with PricewaterhouseCoopers LLP resigning and discussions underway to appoint a successor auditor.