# Real Matters Inc. (REAL.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Technology / Software. Price C$4.42, market value C$328 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Real Matters 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.
- **Price / sales: 1.2×**. Each dollar of revenue is priced at 1.2×.
- **Price / book: 2.7×**. The shares trade at 2.7× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 47.6×**. Enterprise value is 47.6× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: -0.9%** (5-yr avg 1.1%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 26.4%**. Real Matters Inc. keeps 26.4% of revenue after the direct cost of what it sells.
- **Operating margin: -1.6%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -13.3%**. The company reported a net loss over the last twelve months.
- **Return on equity: -24.9%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -2.9%**. Return on all capital, debt included, is -2.9%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -17.2%**. Each dollar of assets produces -17.2% of profit.

## Growth
- **Revenue growth (1 yr): -1.7%** (3-yr -20.6%/yr, 5-yr -17.9%/yr). Revenue fell 1.7% over the last year, against -17.9% a year compounded over five years: growth is accelerating.

## Financial health
- **Debt to equity: 0.02**. Debt is 0.02 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Real Matters Inc. holds more cash than debt.
- **Interest coverage: -11.0×**. Operating profit covers interest only -11.0×: fragile.
- **Current ratio: 3.73** (quick 3.73). Current assets cover the next year's liabilities 3.73 times.
- **Altman Z-score: 12.43**. A Z-score of 12.43 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend: none**. Real Matters Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (6 analysts). 6 analysts cover Real Matters Inc.; the consensus is buy, with an average price target of C$6.35 (+44% 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): -30.4%** (YTD -23.8%, 3-mo -14.0%). The shares are down 30.4% over twelve months including dividends.
- **From 52-week high: -44.8%** (2.3% above the low). Trading 45% 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): 34**. An RSI of 34 is neutral.
- **Beta (1 yr): 0.98** (volatility 45%). Beta of 0.98 against the S&P/TSX Composite: the shares move roughly with the market.

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

Not investment advice.