Added to YB: 2025-09-25
Pitch date: 2025-09-23
TMG.V [neutral]
Thermal Energy International Inc.
-11.11%
current return
Author Info
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Company Info
Thermal Energy International Inc. engages in the development, engineering, and supply of pollution control, heat recovery systems, and condensate return solutions in North America, Europe, and internationally.
Market Cap
CAD 21.3M
Pitch Price
CAD 0.14
Price Target
N/A
Dividend
N/A
EV/EBITDA
18.99
P/E
-375.38
EV/Sales
0.65
Sector
Machinery
Category
N/A
Thermal Energy International ($TMG.V) FINS Review
TMG.V (2.75/5 stars): Revenue +15% to $29.8M but gross margins collapsed 700bps to 41.4%, destroying profitability despite debt paydown. Net income fell 84% to $158k. Strong Q4 backlog of $11.4M but won't hit until H2 2026. Trading 164x P/E, 19x EV/EBITDA. 2.75/5 stars, off radar.
Read full article (4 min)