Added to YB: 2026-07-10
Pitch date: 2026-07-08
TMG.V [neutral]
Thermal Energy International Inc.
Author Info
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 27.4M
Pitch Price
CAD 0.16
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.19
P/E
27.36
EV/Sales
0.73
Sector
Machinery
Category
growth
Companies I’m invested in – July 2026 - Thermal Energy International Inc.
TMG.V (holding update): Heat-recovery systems for manufacturers (3-5yr ROI, repeat clients like Pepsi). EV ~C$24M, ~5x normalized EV/EBIT. Margins depressed from capacity investment (4% op vs ~12% normalized). Grew 60% last Q, ~$40M run rate. <7% penetration of 1,000 customer sites; CEO targets 15-25%+ growth, buybacks, clean balance sheet.
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