Tecsys Inc.

TSX:TCS Stock Report

Market Cap: CA$587.1m

Tecsys Valuation

Is TCS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TCS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
CA$49.15
Fair Value
20.0% undervalued intrinsic discount
5
Number of Analysts

Below Fair Value: TCS (CA$39.33) is trading below our estimate of fair value (CA$49.15)

Significantly Below Fair Value: TCS is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TCS?

Key metric: As TCS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TCS. This is calculated by dividing TCS's market cap by their current earnings.
What is TCS's PE Ratio?
PE Ratio130.9x
EarningsCA$4.46m
Market CapCA$587.07m

Price to Earnings Ratio vs Peers

How does TCS's PE Ratio compare to its peers?

The above table shows the PE ratio for TCS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.8x
QIS Quorum Information Technologies
37.5xn/aCA$54.5m
CMG Computer Modelling Group
27.6x5.29%CA$620.7m
ENGH Enghouse Systems
16.7x2.50%CA$1.3b
DCBO Docebo
37.4x25.30%CA$1.2b
TCS Tecsys
130.9xn/aCA$587.1m

Price-To-Earnings vs Peers: TCS is expensive based on its Price-To-Earnings Ratio (130.9x) compared to the peer average (29.8x).

Price to Earnings Ratio vs Industry

How does TCS's PE Ratio compare vs other companies in the CA Software Industry?

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GRDI Griid Infrastructure
3.3xn/aUS$70.78m
AXE Acceleware
4.4xn/aUS$8.67m
IDLE.X Generative AI Solutions
0.08xn/aUS$8.15m
LIQD Liquid Meta Capital Holdings
2.4xn/aUS$2.74m
TCS 130.9xIndustry Avg. 43.1xNo. of Companies9PE020406080100+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TCS is expensive based on its Price-To-Earnings Ratio (130.9x) compared to the Canadian Software industry average (43.5x).

Price to Earnings Ratio vs Fair Ratio

What is TCS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TCS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio130.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TCS's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TCS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$39.33
CA$48.20
+22.55%
3.32%CA$50.00CA$46.00n/a5
Jul ’26CA$38.65
CA$48.40
+25.23%
2.80%CA$50.00CA$47.00n/a5
Jun ’26CA$42.78
CA$49.40
+15.47%
3.53%CA$52.00CA$47.00n/a5
May ’26CA$41.60
CA$49.40
+18.75%
3.53%CA$52.00CA$47.00n/a5
Apr ’26CA$40.23
CA$49.40
+22.79%
3.53%CA$52.00CA$47.00n/a5
Mar ’26CA$45.47
CA$47.00
+3.36%
8.93%CA$52.00CA$40.00n/a5
Feb ’26CA$44.57
CA$47.00
+5.45%
8.93%CA$52.00CA$40.00n/a5
Jan ’26CA$45.85
CA$47.00
+2.51%
8.93%CA$52.00CA$40.00n/a5
Dec ’25CA$44.77
CA$45.60
+1.85%
7.42%CA$50.00CA$40.00n/a5
Nov ’25CA$39.80
CA$45.60
+14.57%
7.42%CA$50.00CA$40.00n/a5
Oct ’25CA$40.78
CA$45.60
+11.82%
7.42%CA$50.00CA$40.00n/a5
Sep ’25CA$43.65
CA$45.80
+4.93%
6.68%CA$50.00CA$41.00n/a5
Aug ’25CA$40.25
CA$45.80
+13.79%
6.68%CA$50.00CA$41.00n/a5
Jul ’25CA$34.99
CA$46.33
+32.42%
4.26%CA$50.00CA$45.00CA$38.656
Jun ’25CA$35.40
CA$46.60
+31.64%
4.42%CA$50.00CA$45.00CA$42.785
May ’25CA$37.90
CA$46.60
+22.96%
4.42%CA$50.00CA$45.00CA$41.605
Apr ’25CA$38.66
CA$46.60
+20.54%
4.42%CA$50.00CA$45.00CA$40.235
Mar ’25CA$38.87
CA$46.40
+19.37%
4.84%CA$50.00CA$44.00CA$45.475
Feb ’25CA$34.07
CA$46.40
+36.19%
4.84%CA$50.00CA$44.00CA$44.575
Jan ’25CA$32.81
CA$46.40
+41.42%
4.84%CA$50.00CA$44.00CA$45.855
Dec ’24CA$33.75
CA$46.40
+37.48%
4.84%CA$50.00CA$44.00CA$44.775
Nov ’24CA$25.50
CA$46.75
+83.33%
5.10%CA$50.00CA$44.00CA$39.804
Oct ’24CA$28.00
CA$46.40
+65.71%
4.84%CA$50.00CA$44.00CA$40.785
Sep ’24CA$29.00
CA$46.40
+60.00%
4.84%CA$50.00CA$44.00CA$43.655
Aug ’24CA$28.00
CA$46.75
+66.96%
5.10%CA$50.00CA$44.00CA$40.254
Jul ’24CA$27.86
CA$46.50
+66.91%
5.79%CA$50.00CA$43.00CA$34.994
AnalystConsensusTarget
Consensus Narrative from 5 Analysts
CA$48.20
Fair Value
18.4% undervalued intrinsic discount
5
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/08 03:41
End of Day Share Price 2025/07/08 00:00
Earnings2025/04/30
Annual Earnings2025/04/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Tecsys Inc. is covered by 12 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Deepak KaushalBMO Capital Markets Equity Research
Ralph GarceaCantor Fitzgerald Canada Corporation
Gavin FairweatherCormark Securities Inc.