# Tantalus Systems Holding Inc. (GRID.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Industrials / Electrical Equipment. Price C$4.36, market value C$248 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Tantalus Systems Holding Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **PEG: 1.15**. A PEG of 1.15 is in the range usually read as fairly priced for its growth.
- **Price / sales: 4.2×**. Each dollar of revenue is priced at 4.2×.
- **Price / book: 7.8×**. The shares trade at 7.8× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 119.3×**. Enterprise value is 119.3× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 0.3%** (5-yr avg -1.7%). Free cash flow equals 0.3% of the market value, above its five-year average of -1.7%, so the shares are cheaper on cash than they have usually been.

## Profitability
- **Gross margin: 54.5%**. Tantalus Systems Holding Inc. keeps 54.5% of revenue after the direct cost of what it sells.
- **Operating margin: 0.3%**. 0.3% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: -1.8%**. The company reported a net loss over the last twelve months.
- **Return on equity: -13.2%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 5.0%**. Return on all capital, debt included, is 5.0%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -2.0%**. Each dollar of assets produces -2.0% of profit.

## Growth
- **Revenue growth (1 yr): 22.1%** (3-yr 11.0%/yr). Revenue grew 22.1% over the last year.
- **EPS growth (1 yr): 60.0%**. Earnings per share rose 60.0%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 1.13**. Debt is 1.13 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: net cash**. Tantalus Systems Holding Inc. holds more cash than debt.
- **Interest coverage: 0.2×**. Operating profit covers interest only 0.2×: fragile.
- **Current ratio: 1.12** (quick 0.84). Current assets cover the next year's liabilities 1.12 times.
- **Altman Z-score: 5.65**. A Z-score of 5.65 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend: none**. Tantalus Systems Holding Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (7 analysts). 7 analysts cover Tantalus Systems Holding Inc.; the consensus is strong_buy, with an average price target of C$7.52 (+72% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 1.7%** (YTD -10.3%, 3-mo -9.7%). The shares are up 1.7% over twelve months including dividends.
- **From 52-week high: -34.3%** (24.2% above the low). Trading 34% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 46**. An RSI of 46 is neutral.
- **Beta (1 yr): 1.17** (volatility 55%). Beta of 1.17 against the S&P/TSX Composite: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=GRID.TO · Page: https://foliofundamentals.com/stocks/grid.to

Not investment advice.