# TIS Inc. (FTS-PF.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Technology / IT Services. Price C$23.32, market value C$9.9 billion.

## Valuation
- **P/E (trailing): 9.0×**. TIS Inc. trades at 9.0× trailing earnings. The Technology median in the September 2026 study was 32.1×.
- **Price / sales: 0.8×**. Each dollar of revenue is priced at 0.8×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.5×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 7.4×**. Enterprise value is 7.4× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: -20.9%**. Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 11.1%**. The inverse of the P/E: 11.1% of the price is earned each year.

## Profitability
- **Gross margin: 72.4%**. TIS Inc. keeps 72.4% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 28.3%**. 28.3% of revenue is left after running the business, an exceptional level.
- **Net margin: 14.8%**. 14.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 7.6%**. 7.6% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 5.1%**. Return on all capital, debt included, is 5.1%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 2.4%**. Each dollar of assets produces 2.4% of profit.

## Growth
- **Revenue growth (1 yr): 5.8%** (3-yr 3.3%/yr). Revenue grew 5.8% over the last year.

## Financial health
- **Debt to equity: 1.46**. Debt is 1.46 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 5.8×**. It would take 5.8 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 2.3×**. Operating profit covers interest 2.3×, thin but manageable.
- **Current ratio: 0.51** (quick 0.42). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 5.25%** (C$2.54 per share, trailing). TIS Inc. yields 5.25%, an income-level yield.
- **Payout ratio: 49%**. 49% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 9**. 9 straight years of increases.
- **Dividend growth (5 yr): 0.0%/yr** (1-yr 0.0%). The dividend has not grown over five years.
- **Shareholder yield: 4.7%**. Dividends plus net buybacks return 4.7% of the market value a year.

## Price and momentum
- **Total return (1 yr): 1.0%** (YTD -0.5%, 3-mo 1.4%). The shares are up 1.0% over twelve months including dividends.
- **From 52-week high: -4.0%** (7.3% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 46**. An RSI of 46 is neutral.
- **Beta (1 yr): 0.07** (volatility 9%). Beta of 0.07 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=FTS-PF.TO · Page: https://foliofundamentals.com/stocks/fts-pf.to

Not investment advice.