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Tantalus Systems Holding Inc
TSX:GRID

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Tantalus Systems Holding Inc
TSX:GRID
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Price: 5.91 CAD -1.5% Market Closed
Market Cap: CA$331m

EV/EBITDA

88.2
Current
962%
Cheaper
vs 3-y average of -10.2

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
88.2
=
Enterprise Value
CA$223.7m
/
EBITDA
$2.2m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
88.2
=
Enterprise Value
CA$223.7m
/
EBITDA
$2.2m

Valuation Scenarios

Tantalus Systems Holding Inc is trading above its industry average

If EV/EBITDA returns to its Industry Average (26.5), the stock would be worth CA$1.78 (70% downside from current price).

Statistics
Positive Scenarios
0/2
Maximum Downside
-88%
Maximum Upside
No Upside Scenarios
Average Downside
79%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 88.2 CA$5.91
0%
Industry Average 26.5 CA$1.78
-70%
Country Average 10.2 CA$0.68
-88%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
CA$223.7m
/
Jan 2026
$2.2m
=
88.2
Current
CA$223.7m
/
Dec 2026
$3.7m
=
60.6
Forward
CA$223.7m
/
Dec 2027
$7.2m
=
31
Forward
CA$223.7m
/
Dec 2028
$17.3m
=
12.9
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
CA
Tantalus Systems Holding Inc
TSX:GRID
305.6m CAD 88.2 -199.7
JP
Keyence Corp
TSE:6861
15.3T JPY 23.9 36.6
US
Keysight Technologies Inc
NYSE:KEYS
57.6B USD 47.4 59.9
CN
Hangzhou Hikvision Digital Technology Co Ltd
SZSE:002415
316.3B CNY 22.3 30.7
TW
Chroma ATE Inc
TWSE:2360
955.2B TWD 94.7 81.7
SE
Hexagon AB
STO:HEXA B
274.3B SEK 12.7 41.5
US
Teledyne Technologies Inc
NYSE:TDY
29.8B USD 21.2 33.3
CN
Zhonghang Electronic Measuring Instruments Co Ltd
SZSE:300114
192.9B CNY 2 350.2 1 890.2
UK
Halma PLC
LSE:HLMA
17B GBP 29 49.1
CN
Huagong Tech Co Ltd
SZSE:000988
115.6B CNY 74.5 78.6
US
Trimble Inc
NASDAQ:TRMB
16.4B USD 21.2 38.6

Market Distribution

Higher than 94% of companies in Canada
Percentile
94rd
Based on 2 002 companies
94rd percentile
88.2
Low
0 — 7
Typical Range
7 — 14.5
High
14.5 —
Distribution Statistics
Canada
Min 0
30th Percentile 7
Median 10.2
70th Percentile 14.5
Max 13 731.1

Tantalus Systems Holding Inc
Glance View

Tantalus Systems Holding, Inc. provides mission-critical smart grid solutions that include a market edge computing platform, robust software applications and an advanced IoT communications network. The company is headquartered in Burnaby, British Columbia. The company went IPO on 2018-11-21. The firm transforms aging one-way grids into multi-directional grids, which improves the efficiency, reliability and sustainability of public power and electric cooperative utilities and the communities they serve. The company operates through two segments: Connected Devices and Infrastructure, and Utility Software Applications and Services. The Connected Devices and Infrastructure segment is engaged in edge computing modules, which are integrated into multiple devices deployed across a utility’s distribution grid including meters, sensors, street lighting fixtures and distribution automation equipment. The Utility Software Applications and Services segment is engaged in mission-critical software applications and a suite of professional services to support utilities. The segment sales software licenses, hosting services and professional services. The Company’s business operations are in Canada and in the United States.

GRID Intrinsic Value
2.57 CAD
Overvaluation 57%
Intrinsic Value
Price CA$5.91
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