Topicus.Com, Inc. (TSE:TOI)
OTHER OTC:TOI
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Topicus.com
(OTC:TOI)
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Rating:62Neutral
Price Target:
C$99.00
▼(-3.51% Downside)
Action:Reiterated
Date:05/09/26
The score is supported primarily by strong cash flow generation and generally solid financial performance, but is held back by significant margin compression and leverage risk. Technicals are notably weak (price below major moving averages and negative MACD), and valuation looks demanding given the recent slowdown.
Positive Factors
Durable free cash flow generation
Topicus produces large, stable operating and free cash flows with FCF roughly tracking net income (~0.97), indicating high cash conversion and earnings quality. This durable cash generation underpins reinvestment, M&A funding, and resilience through cycles, improving strategic optionality.
Negative Factors
Significant margin compression
Net and gross margins have compressed materially over recent years, eroding profitability and return on capital. Sustained margin weakness reduces internal funding for R&D and acquisitions, heightens sensitivity to revenue swings, and limits the payoff from the company’s growth initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Durable free cash flow generation
Topicus produces large, stable operating and free cash flows with FCF roughly tracking net income (~0.97), indicating high cash conversion and earnings quality. This durable cash generation underpins reinvestment, M&A funding, and resilience through cycles, improving strategic optionality.
Read all positive factors
Topicus.com (TOI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$7.83B
Dividend YieldN/A
Average Volume (3M)86.49K
Price to Earnings (P/E)34.9
Beta (1Y)0.71
Revenue Growth30.33%
EPS Growth-66.37%
CountryCA
Employees4,250
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.58
Shares Outstanding83,338,850
10 Day Avg. Volume111,225
30 Day Avg. Volume86,490
Financial Highlights & Ratios
PEG Ratio-2.88
Price to Book (P/B)13.87
Price to Sales (P/S)4.32
P/FCF Ratio17.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$145.00Price Target Upside41.33% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)2.86
Revenue Forecast (FY)C$1.81B
Topicus.com Business Overview & Revenue Model
Company Description
Topicus.com Inc. provides vertical market software and vertical market platforms in Europe. The company acquires, builds, and manages various vertical market software businesses, which offer software solutions that address the particular needs of ...
How the Company Makes Money
Topicus primarily makes money by selling and supporting vertical market software solutions to organizations within specific industries. Its revenue model is typically weighted toward recurring and repeatable income streams because the software it ...
Topicus.com Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
63
Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.63B | 1.52B | 1.29B | 1.12B | 916.68M | 742.54M |
| Gross Profit | 424.94M | 347.75M | 471.35M | 399.63M | 325.55M | 269.36M |
| EBITDA | 317.29M | 428.18M | 376.30M | 313.11M | 251.99M | -2.08B |
| Net Income | 32.65M | 40.84M | 91.99M | 71.75M | 87.61M | -2.22B |
Balance Sheet | ||||||
| Total Assets | 2.59B | 2.51B | 1.54B | 1.44B | 1.29B | 1.03B |
| Cash, Cash Equivalents and Short-Term Investments | 331.92M | 326.13M | 206.16M | 179.06M | 136.77M | 75.33M |
| Total Debt | 547.10M | 856.86M | 351.83M | 287.83M | 328.88M | 226.91M |
| Total Liabilities | 1.75B | 1.73B | 1.00B | 842.67M | 827.01M | 672.69M |
| Stockholders Equity | 511.49M | 473.01M | 311.28M | 339.18M | 266.10M | -705.60M |
Cash Flow | ||||||
| Free Cash Flow | 394.82M | 378.15M | 339.34M | 238.78M | 195.71M | 171.04M |
| Operating Cash Flow | 405.85M | 388.56M | 347.63M | 246.56M | 203.01M | 176.42M |
| Investing Cash Flow | -484.27M | -664.51M | -110.22M | -127.20M | -133.41M | -213.43M |
| Financing Cash Flow | 116.12M | 396.95M | -211.60M | -77.98M | -8.15M | 56.69M |
Topicus.com Technical Analysis
Neutral
102.60
Price Trends
96.49
Negative
101.46
Negative
124.91
Negative
Market Momentum
-1.25
Positive
50.37
Neutral
55.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TOI, the sentiment is Neutral. The current price of 102.6 is above the 20-day moving average (MA) of 95.07, above the 50-day MA of 96.49, and below the 200-day MA of 124.91, indicating a bearish trend. The MACD of -1.25 indicates Positive momentum. The RSI at 50.37 is Neutral, neither overbought nor oversold. The STOCH value of 55.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:TOI.
Topicus.com Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | C$4.98B | 37.14 | 7.27% | ― | -4.13% | ― | |
62 Neutral | C$7.83B | 34.86 | 6.84% | ― | 30.33% | -66.37% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | C$168.84M | -322.84 | 1.08% | ― | 17.53% | -52.23% | |
53 Neutral | C$402.19M | -16.02 | -28.39% | ― | 12.64% | -218.91% | |
45 Neutral | C$2.92M | -0.41 | ― | ― | -16.78% | -139.62% | |
44 Neutral | C$201.60M | 1.00 | -9.67% | 1.80% | -12.23% | 84.72% |
* Technology Sector Average
TSE:TOI
Topicus.com
98.52
-75.66
-43.44%
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Topicus.com Corporate Events
Financial DisclosuresRegulatory Filings and Compliance
Topicus.com Sets May 5 Release Date for First-Quarter Results
Neutral
Apr 15, 2026
Topicus.com Inc. plans to release its first-quarter 2026 financial results after markets close on May 5, with the figures to be made available by press release and posted on both the company’s website and the SEDAR+ regulatory platform. The ...
Business Operations and StrategyShareholder Meetings
Constellation, Topicus and Lumine Set Hybrid AGMs and Joint Q&A for May 15, 2026
Neutral
Apr 10, 2026
Topicus.com Inc., Lumine Group Inc. and Constellation Software Inc. will hold their annual shareholder meetings on May 15, 2026 in Toronto, using a hybrid format that allows both in-person attendance and online participation via live webcasts. Sha...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.