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. More Details
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 exceeded the Canadian Machinery industry which returned -9.1% over the past year.
Return vs Market: TMG exceeded the Canadian Market which returned -4.3% 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
13 hours ago | Simply Wall StHow Does Thermal Energy International's (CVE:TMG) CEO Pay Compare With Company Performance?
1 month ago | Simply Wall StThese 4 Measures Indicate That Thermal Energy International (CVE:TMG) Is Using Debt Reasonably Well
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$0.43)
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 CA 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 (5.7x) compared to the CA Machinery industry average (2.7x).
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 30.8% 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 (53.6%).
Return on Equity
High ROE: TMG has a negative Return on Equity (-94.55%), as it is currently unprofitable.
How is Thermal Energy International's financial position?
Financial Position Analysis
Short Term Liabilities: TMG's short term assets (CA$8.1M) exceed its short term liabilities (CA$5.2M).
Long Term Liabilities: TMG's short term assets (CA$8.1M) exceed its long term liabilities (CA$3.2M).
Debt to Equity History and Analysis
Debt Level: TMG's debt to equity ratio (137.5%) is considered high.
Reducing Debt: Insufficient data to determine if TMG's debt to equity ratio has reduced over the past 5 years.
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 48.8% per year.
What is Thermal Energy International current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TMG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TMG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
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 ($USD222.72K) is about average for companies of similar size in the Canadian market ($USD171.76K).
Compensation vs Earnings: Bill's compensation has increased whilst the company is unprofitable.
|Chief Financial Officer||2.25yrs||CA$153.90k||no data|
|Chief Operating Officer||15.58yrs||CA$220.41k||0.42% |
|Corporate Secretary||no data||no data||no data|
|Founder & President of Boilerroom Equipment Inc||0.75yr||no data||no data|
|Director of Business Development & Technology||5yrs||CA$153.11k||0.16% |
Experienced Management: TMG's management team is seasoned and experienced (5 years average tenure).
|Independent Chairman of the Board||11.08yrs||CA$25.20k||1.49% |
|Independent Director||15.67yrs||CA$16.25k||0.61% |
|Independent Director||3.92yrs||CA$17.25k||0.091% |
|Independent Director||9yrs||CA$22.55k||1.5% |
|Independent Director||5.92yrs||CA$22.55k||0.17% |
Experienced Board: TMG's board of directors are seasoned and experienced ( 10 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
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$12.011m
- Shares outstanding: 160.15m
- 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, ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/23 23:38|
|End of Day Share Price||2020/10/23 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.