TSXV/TMG (TSXV/TMG)

TSX Venture Exchange: TSXV/TMG · CAD

CA$0.15

+0.01 (+3.5%)· Recorded snapshot

Market cap	25.6M
Revenue (ttm)	32.9M
Net income (ttm)	801.2K
EPS (ttm)	CA$0.00
Shares out	171M
P/E (trailing)	34.2x
Volume	570,860
Beta	0.02

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 32.9M
Net income (ttm): 801.2K
EPS (ttm): CA$0.00
P/E (trailing): 34.2x
Market cap: 25.6M

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-29 19:55 UTC

Forward P/En/a

P25 n/aP50 n/aP75 n/a

Trailing P/E34.2

P25 n/aP50 n/aP75 n/a

ROE20.5

P25 n/aP50 n/aP75 n/a

ROIC31.4

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All TSXV/TMG indicators

Market & fundamental data

Available fields

227

Groups with data

Currency

CAD

Showing 227 of 227 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	CAD
Country	Canada
Country code	CA
Earnings date	2026-10-27
Enterprise value	CAD 23.3M
Exchange	TSX Venture Exchange
Financial currency	CAD
Financial report date	2026-08-31
First seen	2026-05-10
Fiscal year end	May
Founded	1991
Industry	Pollution & Treatment Controls
Is primary listing	Yes
ISIN number	CA88346B1031
Last earnings date	2026-10-27
Last refreshed	2026-10-29
Market cap	CAD 25.6M
Next earnings date	2027-01-27
Price	CAD 0.15
Price currency	CAD
Sector	Industrials
SIC code	3560
Stock price date	2026-10-29
Symbol	tsxv/TMG
Website	https://www.thermalenergy.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Average P/E ratio (10Y)	57.32x
Average P/E ratio (3Y)	69.03x
Average P/E ratio (5Y)	61.21x
Earnings yield	2.93%
EV/Earnings	28.03x
EV/EBIT	22.61x
EV/EBITDA	14.52x
EV/FCF	28.85x
EV/Sales	0.68x
FCF / EV yield	3.47%
FCF yield	3.14%
Graham number	0.05724
Graham upside	-60.52%
Lynch fair value	CAD 0.11
Lynch upside	-24.31%
P/(FCF - SBC) ratio	48.46x
P/(OCF - SBC) ratio	25.34x
P/B ratio	4.95x
P/E ratio	34.17x
P/FCF ratio	31.85x
P/OCF ratio	19.91x
P/S ratio	0.75x
Price / tangible book value	5.49x
Price/EBITDA ratio	20.11x
Sector forward P/E	22.05x
Sector P/E	30.3x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	3.02%
EBITDA margin	3.75%
FCF margin	2.36%
Gross margin	42.36%
Operating margin	3.02%
Pretax margin	2.72%
Profit margin	2.43%
Profitable years	4
ROA	4.45%
ROA (5Y)	1.98%
ROCE	14.2%
ROE	20.51%
ROE (5Y)	5.76%
ROIC	31.38%
SBC / revenue	0.81%
Tax / revenue	-0.02%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth 10Y	1.05%
EPS growth 3Y	-18.75%
EPS growth 5Y	26.56%
EPS growth years	1
FCF growth	-54.02%
FCF growth (Q)	-49.8%
FCF growth 3Y	-35.45%
FCF growth 5Y	15.25%
Gross profit growth	16.13%
Gross profit growth (Q)	-6.42%
Gross profit growth 3Y	8.27%
Gross profit growth 5Y	14.55%
Net income growth 3Y	-16.77%
Net income growth 5Y	27.07%
Net income growth years	1
OCF growth	-29.3%
OCF growth (Q)	-49.73%
OCF growth 10Y	22.63%
OCF growth 3Y	-25.38%
OCF growth 5Y	19.18%
Operating income growth	326.61%
Operating income growth 3Y	-18.22%
Revenue growth	16.89%
Revenue growth (Q)	-9.25%
Revenue growth (QoQ)	-12.32%
Revenue growth 10Y	10.64%
Revenue growth 3Y	12.45%
Revenue growth 5Y	14.95%
Revenue growth years	5

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	CAD -466,851
Depreciation and amortization	CAD 239,632
EBIT	CAD 993,316
EBITDA	CAD 1.2M
EPS	CAD 0.00
FCF per share	CAD 0.00
Financing cash flow	CAD -519,535
Free cash flow	CAD 778,447
Free cash flow minus SBC	CAD 511,590
Gross profit	CAD 13.9M
Income taxes	CAD -7,866
Investing cash flow	CAD -466,851
Net borrowing	CAD -263,822
Net cash flow	CAD 186,524
Net income	CAD 801,216
Operating cash flow minus SBC	CAD 978,441
Operating income	CAD 993,316
Revenue	CAD 32.9M
Stock-based compensation	CAD 266,857

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	CAD 0.03
Debt / EBITDA	1.35
Debt / equity	0.42
Debt / FCF	2.67
Interest coverage	8.4
Long-term assets	CAD 3.1M
Long-term liabilities	CAD 2M
Net cash (debt)	CAD 2.4M
Net cash / market cap	9.66%
Net cash growth	-17.87%
Net debt / EBITDA	-1.94
Net debt / equity	-0.48
Net debt / FCF	-3.08
Piotroski F-Score	6
Property, plant and equipment	CAD 2.4M
Shareholders' equity	CAD 5M
Tangible book value	CAD 4.5M
Tangible book value per share	CAD 0.03
Total assets	CAD 14.4M
Total cash	CAD 4.5M
Total debt	CAD 2.1M
Total liabilities	CAD 9.4M
WACC	4.37%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	2.36
Current assets	CAD 11.3M
Current liabilities	CAD 7.4M
Current ratio	1.52
Inventory turnover	10.2
Net working capital	CAD -289,192
Quick ratio	1.15
Working capital	CAD 3.8M
Working capital turnover	9.99

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	1.36%
Shareholder yield	1.36%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	10.71%
10Y return CAGR	1.02%
10Y total return	10.71%
150-day SMA	CAD 0.16
15Y price change	138.46%
15Y return CAGR	5.96%
15Y total return	138.46%
1D price change	3.45%
1W price change	6.9%
1W total return	6.9%
1Y price change	19.23%
1Y return CAGR	19.25%
1Y total return	19.23%
20-day SMA	CAD 0.15
200-day SMA	CAD 0.16
20Y price change	-8.82%
20Y return CAGR	-0.46%
20Y total return	-8.82%
3M price change	3.33%
3M total return	3.33%
3Y price change	-22.5%
3Y return CAGR	-8.14%
3Y total return	-22.5%
50-day SMA	CAD 0.15
50-day SMA vs 200-day SMA	50under200
52-week high	CAD 0.20
52-week high date	2026-02-03
52-week low	CAD 0.12
52-week low date	2025-12-11
5Y price change	10.71%
5Y return CAGR	2.06%
5Y total return	10.71%
6M price change	-6.06%
6M total return	-6.06%
All-time high	CAD 3.50
All-time high date	2000-03-23
All-time low	CAD 0.03
All-time low date	2012-09-13
Average true range (ATR)	CAD 0.01
Average volume	123.5K
Beta (1Y)	-0.29
Beta (2Y)	0.31
Beta (5Y)	0.02
Change from 52-week high	-25%
Change from 52-week low	30.44%
Change from all-time high	-95.57%
Change from all-time low	416.67%
Change from open	0%
Day's gap	3.45%
Dollar volume	CAD 85,629
High price	CAD 0.16
Low price	CAD 0.15
Monthly RSI	49.48
Open price	CAD 0.15
Position in 52-week range	0%
Previous close	CAD 0.15
Price vs 150-day SMA	-0.39%
Price vs 20-day SMA	4.8%
Price vs 200-day SMA	-1.59%
Price vs 50-day SMA	0.45%
Relative volume	4.62
RSI	54.79
Sharpe ratio	0.38
Sharpe ratio (3Y)	0.14
Sharpe ratio (5Y)	0.22
Sortino ratio	0.71
Sortino ratio (3Y)	0.29
Sortino ratio (5Y)	0.42
Volume	570.9K
Weekly RSI	50.74
YTD price change	19.23%
YTD total return	19.23%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	154.6M
Shares change (QoQ)	-8.56%
Shares change (YoY)	-1.36%
Shares held by insiders	9.59%
Shares held by institutions	1.81%
Shares outstanding	171M

Deeper analysis on TSXV/TMG

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

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Risks

Kill scenarios, soft-pass flags, and downside catalysts.

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Earnings

Next earnings setup and beat / inline / miss thresholds.

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Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

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Financials

Revenue, margins, cash flow, and balance-sheet context.

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Peers

Relative valuation and profitability against the cohort.

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Moat

Economic-profit evidence and competitive advantage risk.

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Industry cycle

Sector phase, capital cycle, and secular tailwinds.

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Frequently asked questions

About this TSXV/TMG report

Is a complete TSXV/TMG research report available?

No complete published report is available for tsxv/TMG (TSXV/TMG) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

TSXV/TMG (TSXV/TMG)

Price

Financial snapshot

Fair-value bridge

Latest news · TSXV/TMG

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All TSXV/TMG indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on TSXV/TMG

Frequently asked questions