Added to YB: 2026-09-04
Pitch date: 2026-09-02
TOI.V [bullish]
Topicus.com Inc.
-0.15%
current return
Author Info
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Company Info
Topicus.com Inc. provides vertical market software and vertical market platforms in the Netherlands and internationally.
Market Cap
CAD 5.4B
Pitch Price
CAD 102.82
Price Target
N/A
Dividend
N/A
EV/EBITDA
37.72
P/E
151.68
EV/Sales
3.50
Sector
Software
Category
value
A quick update on Topicus.com
TOI.V (added to position): Topicus remains compelling at 20.6x LTM levered free cash flow and 3.4x NTM revenue while software peers have rerated to 4-5x. Its 23.1% Asseco Poland stake adds roughly 10% to look-through earnings: Asseco’s Q2 revenue rose 16% ex-FX, EBITDA 39% and operating profit 47% ex-FX. Some growth reflected a one-off public-institution pull-forward, and the mechanical ownership-recognition benefit ends after next quarter.
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