Tantalus Systems Holding Inc.

TSX:GRID Stock Report

Market Cap: CA$345.0m

Tantalus Systems Holding Dividends and Buybacks

Dividend criteria checks 0/6

Tantalus Systems Holding does not have a record of paying a dividend.

Key information

n/a

Dividend yield

-0.1%

Buyback Yield

Total Shareholder Yield-0.1%
Future Dividend Yieldn/a
Dividend Growthn/a
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Payout ration/a

Recent dividend and buyback updates

No updates

Recent updates

Narrative Update Apr 24

GRID: Future Upside Will Be Anchored By New Outperform Coverage

Narrative Update on Tantalus Systems Holding The analyst price target for Tantalus Systems Holding is now set at CA$7.00, with analysts pointing to the recent initiation of coverage at CA$7.00 and an Outperform rating as key support for this updated view. Analyst Commentary Bullish analysts see the CA$7.00 price target as supported by the recent initiation at this same level.
Narrative Update Apr 10

GRID: Future Upside Will Be Led By New Coverage And Grid Modernization

Analysts have inched their average price target for Tantalus Systems higher to CA$7.06 from CA$6.97, citing fresh coverage with an Outperform rating and a CA$7.00 target, along with ongoing refinement of fair value and P/E assumptions. Analyst Commentary Bullish Takeaways Bullish analysts point to the fresh Outperform rating as a signal of confidence that Tantalus Systems can execute on its business plan well enough to support the current CA$7.06 average price target.
Narrative Update Mar 26

GRID: Future Upside Will Be Driven By New Coverage And Grid Modernization

Analysts recently nudged their average price target on Tantalus Systems higher to around CA$7, citing fresh coverage and target increases that reflect updated assumptions for fair value, discount rate, growth, margins, and future P/E. Analyst Commentary Bullish Takeaways Bullish analysts see the CA$7 price target as aligned with their updated view of fair value, suggesting they are comfortable with the company’s current execution and assumptions for future margins and P/E.
Narrative Update Mar 12

GRID: Future Upside Will Be Driven By Lower Risk And Grid Modernization

Narrative Update on Tantalus Systems Holding Analysts have lifted their price target on Tantalus Systems Holding by CA$1, citing updated assumptions for the discount rate and future P/E. These changes support a slightly higher valuation outlook.
Narrative Update Feb 26

GRID: Future Upside Will Be Driven By Improved Risk Profile And Grid Modernization

Analysts lifted their price target on Tantalus Systems Holding by CA$1, citing updated assumptions for fair value and discount rate, along with a slightly lower future P/E outlook. Analyst Commentary Bullish Takeaways Bullish analysts see the CA$1 price target lift as a reflection of updated fair value work that better aligns the stock with their current assumptions.
Narrative Update Feb 11

GRID: Future Upside Will Be Driven By Higher Confidence In Grid Modernization Execution

Analysts have lifted their price target on Tantalus Systems Holdings by C$1, reflecting updated fair value estimates, a revised discount rate, modest adjustments to revenue growth and profit margin assumptions, and a higher future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts view the C$1 price target lift as a sign that their fair value framework has shifted higher, supported by refreshed assumptions around revenue growth and profit margins.
New Narrative Feb 03

Grid Modernization Demand Will Support Recurring Revenue While Hardware Margins Remain Constrained

Catalysts About Tantalus Systems Holding Tantalus Systems Holding provides connected devices, software applications and services that help electric utilities modernize and manage their distribution grids. What are the underlying business or industry changes driving this perspective?
Narrative Update Jan 25

GRID: Future Upside Will Be Driven By Proactive Grid Modernization Execution

Analysts lifted their price target on Tantalus Systems Holding by C$1, citing updated assumptions around fair value, revenue growth, profit margin, and a lower future P/E as key drivers behind the change. Analyst Commentary Bullish Takeaways Bullish analysts view the C$1 price target lift as a sign that updated fair value work supports a higher implied equity value, even with more conservative P/E assumptions baked into their models.
Narrative Update Jan 10

GRID: Future Upside Will Be Driven By Rerated Earnings Framework

Analysts have lifted their price target on Tantalus Systems Holding to C$5.00 from C$4.25, pointing to updated assumptions on discount rates and forward P/E that support a modestly higher valuation framework. Analyst Commentary Recent research points to a valuation reset for Tantalus Systems Holding, with the price target moving to C$5.00 from C$4.25 after updates to discount rate assumptions and forward P/E inputs.
Narrative Update Dec 25

GRID: Future Upside Will Be Driven By Expanding Utility Customer Base

Analysts have modestly increased their price target for Tantalus Systems Holding, lifting fair value from approximately C$5.42 to C$5.54. They reaffirm a positive outlook that is reflected in recent target hikes and sustained growth expectations.
Analysis Article Dec 12

Tantalus Systems Holding Inc.'s (TSE:GRID) 31% Price Boost Is Out Of Tune With Revenues

Despite an already strong run, Tantalus Systems Holding Inc. ( TSE:GRID ) shares have been powering on, with a gain of...
Narrative Update Dec 11

GRID: Future Upside Will Likely Be Driven By Margin Expansion

Analysts have raised their price target on Tantalus Systems Holding to C$5.00 from C$4.25, reflecting increased confidence in the company's growth outlook and earnings potential. Analyst Commentary Analysts describe the higher price target as a reflection of growing conviction in Tantalus Systems Holding's ability to execute on its strategic roadmap and translate its pipeline into sustainable revenue growth.
Narrative Update Nov 27

GRID: Future Expansion Will Likely Be Driven By Margin Improvement And Core Demand

The analyst price target for Tantalus Systems Holding has been raised from C$4.25 to C$5.00. Analysts cite improved fair value estimates, rising revenue growth expectations, and stronger profit margins as factors for the increase.
Narrative Update Nov 12

GRID: Future Expansion Will Likely Be Driven By Strong Core Market Demand

Narrative Update on Tantalus Systems Holding Analysts have raised their price target for Tantalus Systems Holding from C$4.25 to C$5.00, citing increased confidence in the company's outlook and potential for future growth. Analyst Commentary Bullish Takeaways Bullish analysts highlight the decision to raise the price target as a reflection of strengthened confidence in Tantalus Systems Holding's growth trajectory.
Narrative Update Oct 28

Growth Prospects Will Strengthen With Market Confidence And Execution Momentum

Analysts have raised their price target for Tantalus Systems Holding from C$4.25 to C$5.00, citing updated valuation models and continued confidence in the company’s growth prospects. Analyst Commentary Bullish Takeaways Bullish analysts highlight the company's robust execution on its growth strategy as a primary driver for the revised price target.
Analysis Article Sep 27

Tantalus Systems Holding Inc. (TSE:GRID) Stock Catapults 26% Though Its Price And Business Still Lag The Industry

Tantalus Systems Holding Inc. ( TSE:GRID ) shareholders would be excited to see that the share price has had a great...
Analysis Article Sep 05

The Return Trends At Tantalus Systems Holding (TSE:GRID) Look Promising

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
Analysis Article Jun 26

Is Tantalus Systems Holding (TSE:GRID) Using Debt In A Risky Way?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analysis Article Jun 26

Market Participants Recognise Tantalus Systems Holding Inc.'s (TSE:GRID) Revenues Pushing Shares 27% Higher

Tantalus Systems Holding Inc. ( TSE:GRID ) shares have continued their recent momentum with a 27% gain in the last...
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New Narrative May 17

Grid Modernization And Electrification Will Create New Utility Opportunities

Strong revenue growth and increased orders indicate rising demand and promising future revenue for Tantalus' grid modernization platform.
Analysis Article Mar 23

Is Tantalus Systems Holding (TSE:GRID) Using Debt Sensibly?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Jan 23

Here's Why Tantalus Systems Holding (TSE:GRID) Can Afford Some Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Dec 17

Investors Aren't Entirely Convinced By Tantalus Systems Holding Inc.'s (TSE:GRID) Revenues

You may think that with a price-to-sales (or "P/S") ratio of 1.7x Tantalus Systems Holding Inc. ( TSE:GRID ) is a stock...
Analysis Article Aug 16

Tantalus Systems Holding Inc. (TSE:GRID) Might Not Be As Mispriced As It Looks

Tantalus Systems Holding Inc.'s ( TSE:GRID ) price-to-sales (or "P/S") ratio of 1.2x might make it look like a strong...
Analysis Article Apr 19

Investors Still Aren't Entirely Convinced By Tantalus Systems Holding Inc.'s (TSE:GRID) Revenues Despite 26% Price Jump

Despite an already strong run, Tantalus Systems Holding Inc. ( TSE:GRID ) shares have been powering on, with a gain of...
Analysis Article Mar 29

Does Tantalus Systems Holding (TSE:GRID) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Analysis Article Mar 01

Tantalus Systems Holding Inc.'s (TSE:GRID) Revenues Are Not Doing Enough For Some Investors

You may think that with a price-to-sales (or "P/S") ratio of 0.8x Tantalus Systems Holding Inc. ( TSE:GRID ) is a stock...
Analysis Article Oct 17

Sentiment Still Eluding Tantalus Systems Holding Inc. (TSE:GRID)

Tantalus Systems Holding Inc.'s ( TSE:GRID ) price-to-sales (or "P/S") ratio of 0.5x might make it look like a strong...
Analysis Article Mar 27

Earnings Release: Here's Why Analysts Cut Their Tantalus Systems Holding Inc. (TSE:GRID) Price Target To CA$2.80

Tantalus Systems Holding Inc. ( TSE:GRID ) came out with its annual results last week, and we wanted to see how the...

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: Insufficient data to determine if GRID's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GRID's dividend payments have been increasing.


Dividend Yield vs Market

Tantalus Systems Holding Dividend Yield vs Market
How does GRID dividend yield compare to the market?
SegmentDividend Yield
Company (GRID)n/a
Market Bottom 25% (CA)1.7%
Market Top 25% (CA)5.4%
Industry Average (Electronic)0.8%
Analyst forecast (GRID) (up to 3 years)n/a

Notable Dividend: Unable to evaluate GRID's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GRID's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate GRID's payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as GRID has not reported any payouts.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/06 19:10
End of Day Share Price 2026/05/06 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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

Tantalus Systems Holding Inc. is covered by 9 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nicholas BoychukATB Cormark
Gabriel LeungBeacon Securities Limited
Yuri LynkCanaccord Genuity