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Topicus.com
(TOI)
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Rating:59Neutral
Price Target:
C$99.00
▼(-5.03% Downside)
Action:Reiterated
Date:08/10/26
The score is primarily supported by strong and improving cash generation and generally positive technical momentum. Offsetting these positives are meaningful profitability compression and leverage risk, while the very high P/E ratio materially weakens the valuation component.
Positive Factors
Mission-critical vertical software
Mission-critical, industry-specific software can support durable customer relationships because it is embedded in important workflows and tailored to specific end-markets. Topicus’s decentralized portfolio gives it exposure to multiple verticals while preserving specialized operating expertise.
Negative Factors
Margin compression
The decline in gross and net margins shows that recent revenue growth has not translated proportionally into profitability. If the weaker margin profile persists, Topicus may have less earnings leverage from future growth and reduced flexibility to absorb higher costs or mix pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Mission-critical vertical software
Mission-critical, industry-specific software can support durable customer relationships because it is embedded in important workflows and tailored to specific end-markets. Topicus’s decentralized portfolio gives it exposure to multiple verticals while preserving specialized operating expertise.
Read all positive factors
Topicus.com (TOI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$7.92B
Dividend Yield1.98%
Average Volume (3M)75.94K
Price to Earnings (P/E)134.8
Beta (1Y)0.69
Revenue Growth28.27%
EPS Growth-64.80%
CountryCA
Employees163
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.45
Shares Outstanding83,528,870
10 Day Avg. Volume64,461
30 Day Avg. Volume75,938
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 Upside39.10% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)2.57
Revenue Forecast (FY)C$1.79B
Topicus.com Business Overview & Revenue Model
Company Description
Topicus.com Inc. provides vertical market software and vertical market platforms in the Netherlands and internationally. It develops, installs, and customizes software solutions, as well as provides related professional services and support. The c...
How the Company Makes Money
Topicus primarily makes money by owning and operating vertical market software businesses that sell and support specialized, mission-critical software. Its key revenue streams generally include: (1) recurring software revenue from maintenance/supp...
Topicus.com Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
56
Neutral
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.69B | 1.52B | 1.29B | 1.12B | 916.68M | 742.54M |
| Gross Profit | 448.81M | 347.75M | 471.35M | 399.63M | 325.55M | 269.36M |
| EBITDA | 336.12M | 428.18M | 376.30M | 313.11M | 251.99M | -2.08B |
| Net Income | 36.93M | 40.84M | 91.99M | 71.75M | 87.61M | -2.22B |
Balance Sheet | ||||||
| Total Assets | 2.52B | 2.51B | 1.54B | 1.44B | 1.29B | 1.03B |
| Cash, Cash Equivalents and Short-Term Investments | 323.47M | 326.13M | 206.16M | 179.06M | 136.77M | 75.33M |
| Total Debt | 561.59M | 790.89M | 351.83M | 287.83M | 328.88M | 226.91M |
| Total Liabilities | 1.63B | 1.73B | 1.00B | 842.67M | 827.01M | 672.69M |
| Stockholders Equity | 542.60M | 473.01M | 311.28M | 339.18M | 266.10M | -705.60M |
Cash Flow | ||||||
| Free Cash Flow | 397.75M | 378.15M | 339.34M | 238.78M | 195.71M | 171.04M |
| Operating Cash Flow | 408.12M | 388.56M | 347.63M | 246.56M | 203.01M | 176.42M |
| Investing Cash Flow | -277.49M | -664.51M | -110.22M | -127.20M | -133.41M | -213.43M |
| Financing Cash Flow | -57.48M | 396.95M | -211.60M | -77.98M | -8.15M | 56.69M |
Topicus.com Technical Analysis
Neutral
104.24
Price Trends
94.11
Positive
95.72
Negative
96.83
Negative
Market Momentum
1.07
Negative
54.58
Neutral
44.13
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 104.24 is above the 20-day moving average (MA) of 92.04, above the 50-day MA of 94.11, and above the 200-day MA of 96.83, indicating a neutral trend. The MACD of 1.07 indicates Negative momentum. The RSI at 54.58 is Neutral, neither overbought nor oversold. The STOCH value of 44.13 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$7.54B | 66.79 | 10.62% | ― | 13.76% | ― | |
64 Neutral | C$467.98M | -16.53 | -19.77% | ― | 9.70% | 11.90% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | C$7.92B | 134.80 | 7.58% | 1.98% | 28.27% | -64.80% | |
56 Neutral | C$96.11M | -127.76 | -0.73% | ― | 11.64% | 42.73% | |
55 Neutral | C$105.50M | -7.85 | -5.58% | 3.91% | -9.57% | 82.23% | |
41 Neutral | C$2.92M | -0.28 | 70.08% | 714.29% | -15.68% | -47.54% |
* Technology Sector Average
TSE:TOI
Topicus.com
97.88
-40.12
-29.07%
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Topicus.com Corporate Events
Financial DisclosuresRegulatory Filings and Compliance
Topicus.com Sets November 4 Date for Third-Quarter Results Release
Neutral
Oct 16, 2026
Topicus.com Inc. plans to release its third quarter financial results after markets close on November 4, 2026, via press release and postings on its corporate website and the SEDAR+ platform. The scheduled disclosure signals an upcoming update on ...
Business Operations and StrategyFinancial Disclosures
Topicus.com lifts Q2 revenue 18% as acquisitions boost cash flow
Positive
Aug 5, 2026
Topicus.com Inc. reported strong top-line growth for the second quarter ended June 30, 2026, with revenue rising 18% year-on-year to €437.3 million, driven mainly by acquisitions and supported by 4% organic growth. Net income for the quarter...
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.