Tribe Property Technologies (TSE:TRBE)
:TRBE
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Tribe Property Technologies
(TRBE)
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Rating:42Neutral
Price Target:
C$0.24
▲(0.00% Upside)
Action:Reiterated
Date:05/05/26
The score is primarily constrained by weak financial performance (profitability still negative, persistent cash burn, and elevated leverage) and a bearish technical trend (price below key moving averages with negative MACD). Valuation contributes slightly but is limited by a negative P/E and no dividend data.
Positive Factors
Recurring revenue model
A contract-based recurring fee model tied to number of units and services creates durable revenue predictability and economies of scale. As the managed portfolio grows, recurring fees and ancillary services can compound, supporting steady cash inflows and higher long-term customer lifetime value.
Negative Factors
Negative cash generation
Persistent negative operating and free cash flow forces reliance on external financing and limits reinvestment. Continued cash burn increases execution risk over months ahead, making the company vulnerable if capital markets tighten or if it cannot convert improving EBITDA into positive operating cash.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring revenue model
A contract-based recurring fee model tied to number of units and services creates durable revenue predictability and economies of scale. As the managed portfolio grows, recurring fees and ancillary services can compound, supporting steady cash inflows and higher long-term customer lifetime value.
Read all positive factors
Tribe Property Technologies (TRBE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$11.50M
Dividend YieldN/A
Average Volume (3M)53.03K
Price to Earnings (P/E)―
Beta (1Y)-0.43
Revenue Growth15.56%
EPS Growth63.96%
CountryCA
Employees283
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.11
Shares Outstanding50,020,740
10 Day Avg. Volume30,050
30 Day Avg. Volume53,035
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)2.59
Price to Sales (P/S)0.37
P/FCF Ratio-4.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$0.20Price Target Upside-16.67% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering1
EPS Forecast (FY)0.02
Revenue Forecast (FY)C$38.70M
Tribe Property Technologies Business Overview & Revenue Model
Company Description
Tribe Property Technologies Inc., a property technology company, provides technology-enabled property management services. It operates through Software and Services, and Software Licensing Fees segments. The company engages in the tech-enabled man...
How the Company Makes Money
Tribe primarily makes money through (1) recurring property management and administration fees earned for managing condominium corporations/strata communities and rental buildings (e.g., contract-based management fees tied to the number of units/bu...
Tribe Property Technologies Earnings Call Summary
Earnings Call Date:Nov 28, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:May 26, 2026
Earnings Call Sentiment Positive
The earnings call highlighted impressive revenue growth and profitability improvements, driven by strategic acquisitions and market expansion, particularly in the condo management sector. However, there are some challenges related to market conditions and one-time costs affecting gross margins. Overall, the sentiment is positive, with a strong outlook for future profitability and cash flow generation.Positive Updates
Record Revenue Growth
Tribe achieved record revenue of $8.33 million, a 74% increase compared to $4.8 million in Q3 last year.
Negative Updates
One-time Costs Impacting Gross Margin
Gross margin percentage remained stable due to onetime costs from workforce reductions, despite revenue growth.
Read all updates
Q3-2024 Updates
Positive
Negative
Record Revenue Growth
Tribe achieved record revenue of $8.33 million, a 74% increase compared to $4.8 million in Q3 last year.
Read all positive updates
Company Guidance
During the Q3 2024 earnings call for Tribe Properties Technologies (TRBE.V), the company provided robust guidance and highlighted several metrics. Tribe reported a record revenue of $8.33 million, marking a 74% increase from $4.8 million in the same quarter last year. The company's gross profit also saw a significant rise, reaching $3.03 million, which represents a 99% increase year-over-year. The gross margin percentage remained stable at 38.8%. A notable improvement was seen in adjusted EBITDA, which was an outflow of $0.11 million, a 93% improvement compared to an outflow of $1.44 million in Q3 2023. The revenue growth was fueled by organic growth and recent acquisitions, specifically DMS and Meritus in Ontario, which contributed to the strengthening of Tribe's market position. Joseph Nakhla, CEO, highlighted the company's status as the third-largest condo operator in Canada and emphasized the strategic integration and efficiency projects that have driven cost optimizations and profitability improvements. The company is on track to end the year in an EBITDA positive state, with expectations for a strong cash generation in 2025.Tribe Property Technologies Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
28
Negative
Cash Flow
18
Very Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2023 | Mar 2022 | Apr 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 32.65M | 28.26M | 17.81M | 15.83M | 4.21M |
| Gross Profit | 11.61M | 11.35M | 6.93M | 7.51M | 1.17M |
| EBITDA | -319.65K | -3.40M | -8.36M | -4.98M | -1.34M |
| Net Income | -4.48M | -7.54M | -10.54M | -7.61M | -2.06M |
Balance Sheet | |||||
| Total Assets | 25.03M | 27.72M | 26.05M | 18.38M | 2.93M |
| Cash, Cash Equivalents and Short-Term Investments | 1.34M | 1.91M | 1.60M | 1.29M | 119.43K |
| Total Debt | 13.71M | 17.94M | 6.68M | 8.75M | 696.95K |
| Total Liabilities | 20.31M | 25.53M | 8.41M | 10.39M | 3.35M |
| Stockholders Equity | 4.71M | 2.19M | 17.65M | 7.99M | -416.11K |
Cash Flow | |||||
| Free Cash Flow | -2.69M | -2.02M | -9.82M | -6.19M | -1.30M |
| Operating Cash Flow | -2.55M | -1.94M | -9.11M | -5.76M | -1.25M |
| Investing Cash Flow | -116.38K | -10.04M | -980.60K | -4.76M | -51.16K |
| Financing Cash Flow | 2.09M | 12.47M | 16.97M | 10.82M | 1.40M |
Tribe Property Technologies Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | C$1.54B | -51.32 | -2.76% | 1.07% | -15.83% | 72.51% | |
61 Neutral | C$8.32B | 81.14 | 12.07% | 0.71% | 4.15% | 23.20% | |
61 Neutral | C$127.70M | -23.02 | 9.18% | ― | -4.57% | ― | |
58 Neutral | C$6.79B | -57.80 | 5.79% | 0.21% | 14.75% | -42.56% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | C$126.42M | -10.18 | -8.54% | 10.31% | -4.10% | 48.99% | |
42 Neutral | C$11.50M | -2.72 | -130.35% | ― | 15.56% | 63.96% |
* General Sector Average
TSE:TRBE
Tribe Property Technologies
0.23
-0.29
-55.77%
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TSE:BRE
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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.