Added to YB: 2025-12-05
Pitch date: 2025-12-03
TMG.V [neutral]
Thermal Energy International Inc.
Author Info
No bio for this author
Company Info
Thermal Energy International Inc. engages in the development, engineering, and supply of pollution control, heat recovery systems, and condensate return solutions in North America, Europe, and internationally.
Market Cap
CAD 21.3M
Pitch Price
CAD 0.12
Price Target
N/A
Dividend
N/A
EV/EBITDA
18.99
P/E
-375.38
EV/Sales
0.65
Sector
Machinery
Category
growth
Thermal Energy International: Questions to William Crossland | Value Bridge
TMG.V (overview): Energy efficiency solutions co serving multinationals. $30M revenue with $4-5M order lumpiness. 35-40% gross margins, slight pressure as turnkey grows from 1/3 to target 2/3 mix. Key growth drivers: European expansion driven by stricter carbon reduction rules/higher energy costs, a new UK facility wth 3x more capacity, the CREST digital platform with expected impact over 6-24 months, and potential acquisitions at 1x rev. Primary risks: 25% tariffs (could cost a few hundred thousand), order lumpiness, unrealistic founder valuation expectations, and macro uncertainty delaying projects.
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