Added to YB: 2024-05-02
Pitch date: 2024-04-30
TMG.V [neutral]
Thermal Energy International Inc.
-55.56%
current return
Author Info
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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 0.27
Price Target
N/A
Dividend
N/A
EV/EBITDA
18.99
P/E
-375.38
EV/Sales
0.65
Sector
Machinery
Category
turnaround
Thermal Energy Int. $TMG.V (3.75/5)
TMG.V: Mixed Q3 missed expectations, stock -18%. Strong balance sheet: $7.5M cash, $5.2M A/R, $1.6M inventory vs $5M liabilities. $4.5M Q3 OCF vs $1.8M LY. Revenue +8% QoQ, +42% YTD. 50%+ margins but expenses outpaced revenue growth. Backlog & deferred rev signal potential Q4 recovery. Downgraded to 3.75 stars on disappointing Q3 despite encouraging metrics.
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