Added to YB: 2025-01-30
Pitch date: 2025-01-28
TMG.V [neutral]
Thermal Energy International Inc.
-25%
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 0.16
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 position exited: Record Q2 rev $8.7M (+22% YoY) but GM plummeted 1600bps to 33.1%. YTD rev +39% but GP +2% due to margin collapse. Net income -94% Q2, -48% YTD. Cash -58% since FY start. P/E 70x at $40M mkt cap. Backlog concerns, high valuation despite poor profitability.
Read full article (4 min)