Thermal Energy International Inc. engages in the development, engineering, and supply of pollution control products, heat recovery systems, and condensate return solutions in North America, Europe, China, and internationally.
Adequate balance sheet and slightly overvalued.
Share Price & News
How has Thermal Energy International's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TMG has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: TMG underperformed the Canadian Machinery industry which returned 12.7% over the past year.
Return vs Market: TMG underperformed the Canadian Market which returned 10.4% over the past year.
Price Volatility Vs. Market
How volatile is Thermal Energy International's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StThermal Energy International Inc. (CVE:TMG): What Does Its Beta Value Mean For Your Portfolio?
2 months ago | Simply Wall StDid You Manage To Avoid Thermal Energy International's (CVE:TMG) 35% Share Price Drop?
3 months ago | Simply Wall StIs Thermal Energy International (CVE:TMG) Using Debt Sensibly?
Is Thermal Energy International undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TMG (CA$0.08) is trading below our estimate of fair value (CA$2.08)
Significantly Below Fair Value: TMG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TMG is unprofitable, so we can't compare its PE Ratio to the Machinery industry average.
PE vs Market: TMG is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TMG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TMG is overvalued based on its PB Ratio (2.9x) compared to the CA Machinery industry average (2.4x).
How is Thermal Energy International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Capital Goods industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Thermal Energy International has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine Thermal Energy International's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Thermal Energy International competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
How has Thermal Energy International performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TMG is currently unprofitable.
Growing Profit Margin: TMG is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TMG is unprofitable, but has reduced losses over the past 5 years at a rate of 40.1% per year.
Accelerating Growth: Unable to compare TMG's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TMG is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (-20.7%).
Return on Equity
High ROE: TMG has a negative Return on Equity (-3.98%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Thermal Energy International's financial position?
Financial Position Analysis
Short Term Liabilities: TMG's short term assets (CA$9.5M) exceed its short term liabilities (CA$7.4M).
Long Term Liabilities: TMG's short term assets (CA$9.5M) exceed its long term liabilities (CA$3.1M).
Debt to Equity History and Analysis
Debt Level: TMG's debt to equity ratio (71.7%) is considered high.
Reducing Debt: Insufficient data to determine if TMG's debt to equity ratio has reduced over the past 5 years.
Inventory Level: TMG has a low level of unsold assets or inventory.
Debt Coverage by Assets: TMG's debt is covered by short term assets (assets are 3.3x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable TMG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TMG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 50% per year.
What is Thermal Energy International's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate TMG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TMG's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TMG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TMG's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TMG's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
What is the CEO of Thermal Energy International's salary, the management and board of directors tenure and is there insider trading?
Average management tenure
Bill Crossland 0
Mr. William M. Crossland, also known as Bill, B. Sc., MBA, has been the Chief Executive Officer and President of Thermal Energy International Inc. since August 07, 2009. Mr. Crossland served as the Managin ...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD216.61K) is above average for companies of similar size in the Canadian market ($USD165.67K).
Compensation vs Earnings: Bill's compensation has increased whilst the company is unprofitable.
Management Age and Tenure
Experienced Management: TMG's management team is seasoned and experienced (7.3 years average tenure).
Board Age and Tenure
Experienced Board: TMG's board of directors are considered experienced (9.3 years average tenure).
Insider Buying: TMG insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Member of the Board of Directors
Chairman of the Board
Chairman of the Board
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Deborah Weinstein (59yo)
Chief Operating Officer
- Tenure: 14.8yrs
- Compensation: CA$207.88k
- Tenure: 10.4yrs
- Compensation: CA$283.00k
Director of Business Development & Technology
- Tenure: 4.3yrs
- Compensation: CA$153.11k
Chief Financial Officer
- Tenure: 1.5yrs
- Compensation: CA$135.33k
John Kelly (84yo)
Chairman of the Board
- Tenure: 10.3yrs
- Compensation: CA$37.35k
- Tenure: 14.9yrs
- Compensation: CA$29.25k
Bill White (66yo)
- Tenure: 3.2yrs
- Compensation: CA$18.50k
- Tenure: 10.4yrs
- Compensation: CA$283.00k
- Tenure: 8.3yrs
- Compensation: CA$33.65k
- Tenure: 5.2yrs
- Compensation: CA$20.25k
Thermal Energy International Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Thermal Energy International Inc.
- Ticker: TMG
- Exchange: TSXV
- Founded: 1991
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: CA$12.086m
- Shares outstanding: 161.15m
- Website: https://www.thermalenergy.com
- Thermal Energy International Inc.
- 36 Antares Drive
- Suite 850
- K2E 7W5
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TMG||TSXV (TSX Venture Exchange)||Yes||Class A Common Shares||CA||CAD||Aug 1994|
|EUW||DB (Deutsche Boerse AG)||Yes||Class A Common Shares||DE||EUR||Aug 1994|
|TMGE.F||OTCPK (Pink Sheets LLC)||Yes||Class A Common Shares||US||USD||Aug 1994|
Thermal Energy International Inc. engages in the development, engineering, and supply of pollution control products, heat recovery systems, and condensate return solutions in North America, Europe, China, and internationally. Its products include GEM steam traps; FLU-ACE, a direct contact condensing heat recovery system that recycles the heat lost through the boiler flue gas exhaust; and DRY-REX, a low temperature biomass drying system. The company also provides turn-key thermal energy solutions; and sells water treatment products and services. It serves food and beverage, pulp and paper, hospital, pharmaceutical, chemical and petrochemical, and other industry sectors. The company was founded in 1991 and is headquartered in Ottawa, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/01/26 00:20|
|End of Day Share Price||2020/01/24 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.