Added to YB: 2026-03-18
Pitch date: 2026-03-15
TOI.V [bullish]
Topicus.com Inc.
-0.79%
current return
Author Info
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Company Info
Topicus.com Inc. provides vertical market software and vertical market platforms in the Netherlands and internationally.
Market Cap
CAD 5.2B
Pitch Price
CAD 99.50
Price Target
N/A
Dividend
N/A
EV/EBITDA
43.75
P/E
124.06
EV/Sales
3.84
Sector
Software
Category
growth
Topicus: Q4 2025
TOI.V (earnings): Q4 FCFA2S +40%, FY25 +23% despite 53% GAAP NI drop (non-cash Asseco accounting switch). Organic maintenance rev +6% (AI disruption fears unfounded). €390M M&A deployed in 2025, €366M net debt (conservative). R&D costs +32% Q4 signals AI-augmented productivity. Earn-outs rising, impairments flat (strong M&A quality). €20.3M deployed post-Q4. Trading ~20x NTM FCF, half off ATH on baseless AI panic.
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