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Topicus.com
(TOI)
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Rating:59Neutral
Price Target:
C$98.00
▼(-5.99% 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 portfolio
Topicus operates mission-critical, industry-specific software businesses with specialized customer relationships and high switching costs. This portfolio structure can support recurring demand, customer retention, and durable competitive positioning while decentralized operations preserve local expertise across multiple end markets.
Negative Factors
Significant margin compression
The sharp decline in gross and net margins signals weaker profitability quality than in prior years and may reduce the earnings benefit of continued revenue growth. If the compressed margin profile persists, Topicus will have less flexibility to fund investment and acquisitions from each dollar of sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Mission-critical vertical software portfolio
Topicus operates mission-critical, industry-specific software businesses with specialized customer relationships and high switching costs. This portfolio structure can support recurring demand, customer retention, and durable competitive positioning while decentralized operations preserve local expertise across multiple end markets.
Read all positive factors
Topicus.com (TOI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$7.85B
Dividend Yield1.98%
Average Volume (3M)84.68K
Price to Earnings (P/E)129.8
Beta (1Y)0.70
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. Volume74,125
30 Day Avg. Volume84,679
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)2.86
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 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
Negative
104.24
Price Trends
98.26
Negative
97.77
Negative
102.64
Negative
Market Momentum
-1.25
Positive
37.45
Neutral
7.92
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TOI, the sentiment is Negative. The current price of 104.24 is above the 20-day moving average (MA) of 100.88, above the 50-day MA of 98.26, and above the 200-day MA of 102.64, indicating a bearish trend. The MACD of -1.25 indicates Positive momentum. The RSI at 37.45 is Neutral, neither overbought nor oversold. The STOCH value of 7.92 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | C$6.22B | 76.70 | 8.07% | ― | 4.05% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | C$7.85B | 129.80 | 7.58% | 1.98% | 28.27% | -64.80% | |
59 Neutral | C$380.13M | -14.28 | -19.77% | ― | 9.70% | 11.90% | |
54 Neutral | C$103.88M | -138.08 | -0.73% | ― | 11.64% | 42.73% | |
43 Neutral | C$49.06M | -1.49 | -9.67% | 2.57% | -12.23% | 84.72% | |
41 Neutral | C$2.92M | -0.28 | 70.08% | 714.29% | -15.68% | -47.54% |
* Technology Sector Average
TSE:TOI
Topicus.com
94.01
-71.00
-43.03%
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Topicus.com Corporate Events
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.