Goodwill - Tiny Ltd (XTSX:TINY)

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Price: 8.71 CAD 706.48% Market Closed

Market Cap: CA$522.9m

Tiny Ltd
Goodwill

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Tiny Ltd
Goodwill Peer Comparison

Company		Goodwill	CAGR 3Y	CAGR 5Y	CAGR 10Y
	Tiny Ltd XTSX:TINY	Goodwill CA$106.9m	CAGR 3-Years -1%	CAGR 5-Years N/A	CAGR 10-Years N/A
	Open Text Corp TSX:OTEX	Goodwill $7.4B	CAGR 3-Years 12%	CAGR 5-Years 10%	CAGR 10-Years 13%
	Descartes Systems Group Inc TSX:DSG	Goodwill $1B	CAGR 3-Years 16%	CAGR 5-Years 13%	CAGR 10-Years 18%
	Topicus.com Inc XTSX:TOI	Goodwill €250.5m	CAGR 3-Years 9%	CAGR 5-Years 18%	CAGR 10-Years N/A
	Constellation Software Inc TSX:CSU	Goodwill $1.6B	CAGR 3-Years N/A	CAGR 5-Years 33%	CAGR 10-Years N/A
D	D-Wave Quantum Inc NYSE:QBTS	Goodwill N/A	CAGR 3-Years N/A	CAGR 5-Years N/A	CAGR 10-Years N/A

Tiny Ltd
Glance View

Market Cap

522.9m CAD

Industry

Technology

Tiny is a leading technology holding company with a strategy of acquiring majority stakes in wonderful businesses. Tiny has three core business segments, Beam, WeCommerce and Dribbble, with other standalone businesses. Beam, and its subsidiary companies including MetaLab, helps start-ups to Fortune 500 companies to design, build and ship premium digital products for both mobile and web. WeCommerce provides merchants with a suite of ecommerce software tools to start and grow their online stores. Dribbble is a creative network and community that design professionals use to meet, collaborate, and showcase their work. Other standalone businesses include software and internet companies and the operation of a private equity fund (the "Tiny Fund").

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TINY Intrinsic Value

Overvaluation 3%

Intrinsic Value

Price

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

Tiny Ltd
XTSX:TINY

Tiny Ltd
Goodwill

Tiny Ltd
Goodwill Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Tiny Ltd
Glance View

See Also

What is Tiny Ltd's Goodwill?

Goodwill
106.9m CAD

What is Tiny Ltd's Goodwill growth rate?

Goodwill CAGR 3Y
-1%

Company

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52 Week Range	1.1 11.52
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Tiny Ltd XTSX:TINY

Tiny Ltd Goodwill

Tiny Ltd Goodwill Peer Comparison

Competitors Analysis Latest Figures & CAGR of Competitors

Tiny Ltd Glance View

See Also

What is Tiny Ltd's Goodwill? Goodwill 106.9m CAD

What is Tiny Ltd's Goodwill growth rate? Goodwill CAGR 3Y -1%

Company

Help

Tools

Stocks

Tiny Ltd
XTSX:TINY

Tiny Ltd
Goodwill

Tiny Ltd
Goodwill Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Tiny Ltd
Glance View

What is Tiny Ltd's Goodwill?

Goodwill
106.9m CAD

What is Tiny Ltd's Goodwill growth rate?

Goodwill CAGR 3Y
-1%