Tiny Valuation

Is TINY 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-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: TINY (CA$1.35) is trading above our estimate of fair value (CA$0.51)

Significantly Below Fair Value: TINY is trading above our estimate of fair value.

Key Valuation Metric

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

Key metric: As TINY is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for TINY. This is calculated by dividing TINY's market cap by their current revenue.
What is TINY's PS Ratio?
PS Ratio	1.3x
Sales	CA$197.81m
Market Cap	CA$266.16m

TINY key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.9x
Enterprise Value/EBITDA	26x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does TINY's PS Ratio compare to its peers?

The above table shows the PS ratio for TINY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	3.2x
QFOR Q4	3.1x	12.3%	CA$243.4m
THNC Thinkific Labs	2.1x	12.9%	CA$192.5m
WE WeCommerce Holdings	3.9x	17.3%	CA$184.8m
CVO Coveo Solutions	3.6x	11.4%	CA$655.9m
TINY Tiny	1.3x	3.5%	CA$266.2m

Price-To-Sales vs Peers: TINY is good value based on its Price-To-Sales Ratio (1.3x) compared to the peer average (3x).

Price to Sales Ratio vs Industry

How does TINY's PS Ratio compare vs other companies in the CA Software Industry?

27 Companies	Price / Sales	Estimated Growth	Market Cap
QUIS Quisitive Technology Solutions	0.6x	6.2%	US$69.52m
BTCW Bitcoin Well	0.5x	n/a	US$26.53m
PLUR Plurilock Security	0.4x	n/a	US$18.46m
NOW NowVertical Group	0.4x	6.2%	US$17.81m

27 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: TINY is good value based on its Price-To-Sales Ratio (1.3x) compared to the Canadian Software industry average (3.6x).

Price to Sales Ratio vs Fair Ratio

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

TINY PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.3x
Fair PS Ratio	1.2x

Price-To-Sales vs Fair Ratio: TINY is expensive based on its Price-To-Sales Ratio (1.3x) compared to the estimated Fair Price-To-Sales Ratio (1.2x).

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 TINY forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CA$1.35	CA$1.83 +35.2%	9.6%	CA$2.00	CA$1.65	n/a	2
Nov ’25	CA$1.94	CA$2.13 +9.5%	5.9%	CA$2.25	CA$2.00	n/a	2
Oct ’25	CA$1.51	CA$2.13 +40.7%	5.9%	CA$2.25	CA$2.00	n/a	2
Sep ’25	CA$1.51	CA$2.13 +40.7%	5.9%	CA$2.25	CA$2.00	n/a	2
Jun ’25	CA$2.55	CA$3.33 +30.7%	35.4%	CA$5.00	CA$2.50	n/a	3
May ’25	CA$2.72	CA$3.25 +19.5%	38.2%	CA$5.00	CA$2.25	n/a	3
Apr ’25	CA$2.35	CA$3.67 +56.0%	35.8%	CA$5.50	CA$2.50	n/a	3
Mar ’25	CA$2.41	CA$4.00 +66.0%	27.0%	CA$5.50	CA$3.00	n/a	3
Feb ’25	CA$2.60	CA$4.00 +53.8%	27.0%	CA$5.50	CA$3.00	n/a	3
Jan ’25	CA$2.21	CA$4.00 +81.0%	27.0%	CA$5.50	CA$3.00	n/a	3
Dec ’24	CA$3.00	CA$4.00 +33.3%	27.0%	CA$5.50	CA$3.00	n/a	3
Nov ’24	CA$2.84	CA$4.25 +49.6%	20.9%	CA$5.50	CA$3.50	CA$1.94	3
Oct ’24	CA$3.33	CA$4.25 +27.6%	20.9%	CA$5.50	CA$3.50	CA$1.51	3
Sep ’24	CA$3.40	CA$4.63 +36.0%	18.9%	CA$5.50	CA$3.75	CA$1.51	2

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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