Added to YB: 2026-08-24
Pitch date: 2026-08-19
TOI.V [neutral]
Topicus.com Inc.
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 5.3B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
37.40
P/E
150.27
EV/Sales
3.47
Sector
Software
Category
growth
3 Quality European Compounders by The Dutch Investors - Topicus.com Inc.
TOI.V (overview): European VMS serial acquirer spun from Constellation Software. ~18.5% CAGR since IPO, €5.2B mkt cap, FY25 rev ~€1.55B, 71% recurring. FCF CAGR >22%, 21-30% margins, P/FCF 13-21. Deep switching-cost moats across dozens of niche businesses. AI fears pressure stock but fundamentals strong; valuation now more attractive despite complex decentralized model & minority interests obscuring cash attribution.
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