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Tantalus Systems Holding Inc. (GRID.TO)

CAD4.68 -0.06 (-1.27%)
CA TSX Industrials Electrical Equipment & Parts
Address 3555 Gilmore Way V5G 0B3
Burnaby, BC, CA
CEO Peter A. Londa
IPO 2021-02-09
ISIN CA87601F1062

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Also trades on Other OTC · TGMPF (USD) Other OTC · TNTLF (USD) Toronto Stock Exchange · GRID.TO (CAD)
Description

Tantalus Systems Holding Inc., headquartered in Burnaby, Canada, is a prominent smart grid technology provider serving utilities across North America and the Caribbean Basin. The company delivers an extensive portfolio of solutions designed to enhance the reliability, efficiency, and intelligence of electrical distribution grids. Its core offerings include TRUEdge Communication Modules, a Linux-based platform seamlessly integrating with various networked devices like meters, sensors, and switches, facilitating secure, real-time bidirectional data exchange across the utility's infrastructure. Complementing this are Tantalus Utility Network (TUNet) Infrastructure Devices, which collect near real-time operational data and control endpoints to significantly improve grid stability and performance. Tantalus also provides the TRUSense Fiber Gateway for fiber-to-the-home connectivity. On the software front, Tantalus offers TCC, a robust system for accumulating and processing near real-time data transmitted from the TUNet communications network. The TUNet Insight digital user interface serves as a comprehensive visualization tool, empowering utilities to monitor and manage their TUNet system. This interface supports a suite of critical utility applications, including advanced metering infrastructure (AMI), load management, distributed energy resource (DER) integration, grid optimization, and distribution automation. Further enhancing its software capabilities, C.IQ is a platform ensuring interoperability across a wide array of devices, while TRULight Intelligence provides advanced lighting control solutions. Beyond its product suite, Tantalus provides a full spectrum of professional services. These encompass program and project planning, radio frequency propagation and network systems design, system optimization, deployment assistance, third-party software and systems integration, and project management. The company also offers field maintenance, storm restoration, consulting, and training. Additionally, Tantalus delivers comprehensive project management services, including turnkey installations of meters and network infrastructure through strategic partnerships, along with managed services for monitoring TCC and network communications, issuing alerts, and planning disaster recovery. Dedicated technical support services round out their offerings.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD4.68 -0.06 (-1.27%)
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Volume Profile
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Liquidity & share structure
Average Volume
183.3K
Beta
0.36
Float Shares
44.90M
Free Float %
80.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+3.85% -0.32% +5.98% +21.57% +66.22% +32.48% +163.83% +694.87% +153.06% +79.71% +79.71%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
4.68
DCF (Unlevered) 22.15 +373.3%
DCF (Levered) 26.82 +473.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 6 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.15
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
D+
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Electrical Equipment & Parts: +13.1%
    +24.3% Q1'26: +24.7% (vs Q1'25)
  • EPS growth Electrical Equipment & Parts: +22.4%
    +64.6% Q1'26: +42.2% (vs Q1'25)
  • FCF margin FCF growth · Electrical Equipment & Parts: +27.2%
    +4.4% Q1'26: +30.5% (vs Q1'25)
  • EBIT margin Electrical Equipment & Parts: +8.2%
    +0.9% Q1'26: -0.1% (vs Q1'25)
  • ROIC Electrical Equipment & Parts: +6.4%
    +15.2% Q1'26: +19.2% (vs Q1'25)
  • Share dilution Electrical Equipment & Parts: +0.0%
    +8.5% Q1'26: +6.5% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Electrical Equipment & Parts: -0.54×
    3.83× Q1'26: 5.46× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.36) × ERP
WACC = 96% × Ke + 4% × Kd (14.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 22.15 Current price: 4.68
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
5 Rev. Ana.
3 EPS Ana.
Dec 2027
8 Rev. Ana.
4 EPS Ana.
Dec 2028
2 Rev. Ana.
2 EPS Ana.
Revenue
32.17M
est: 41.20M (-21.9%)
39.60M
est: 52.57M (-24.7%)
42.15M
est: 29.73M (+41.8%)
44.31M
est: 43.75M (+1.3%)
55.06M
est: 53.43M (+3.1%)
62.41M
60.71M – 64.35M
+16.8% YoY
73.51M
68.31M – 78.75M
+17.8% YoY
88.81M
84.30M – 93.50M
+20.8% YoY
EBITDA
-4.90M
est: -1.18M (-314.7%)
-3.23M
est: -1.51M (-114.2%)
1.52M
est: 7.06M (-78.5%)
722.7K
est: 10.39M (-93.0%)
2.21M
est: 12.69M (-82.6%)
14.83M
14.42M – 15.29M
+16.8% YoY
17.46M
16.23M – 18.71M
+17.8% YoY
21.10M
20.03M – 22.21M
+20.8% YoY
EBIT
-6.45M
est: -2.89M (-122.8%)
-5.13M
est: -3.69M (-38.9%)
-318.4K
est: 6.59M (-104.8%)
-1.03M
est: 9.70M (-110.6%)
510.8K
est: 11.85M (-95.7%)
13.84M
13.46M – 14.27M
+16.8% YoY
16.30M
15.15M – 17.47M
+17.8% YoY
19.70M
18.70M – 20.74M
+20.8% YoY
Net Income
-7.02M
est: -6.87M (-2.2%)
-5.20M
est: -6.37M (+18.4%)
-1.69M
est: -1.38M (-22.3%)
-2.63M
est: -3.59M (+26.8%)
-1.01M
est: -1.13M (+10.4%)
-246.9K
-263.5K – -230.3K
+78.1% YoY
1.89M
1.13M – 2.64M
+863.5% YoY
3.85M
3.69M – 4.02M
+104.3% YoY
SGA
13.62M
est: 15.06M (-9.5%)
15.12M
est: 19.21M (-21.3%)
14.40M
est: 11.29M (+27.5%)
16.53M
est: 16.62M (-0.5%)
20.90M
est: 20.29M (+3.0%)
23.71M
23.06M – 24.44M
+16.8% YoY
27.92M
25.95M – 29.92M
+17.8% YoY
33.74M
32.02M – 35.52M
+20.8% YoY
EPS
-0.17
est: -0.15 (-16.9%)
-0.12
est: -0.13 (+11.0%)
-0.04
est: -0.03 (-40.7%)
-0.06
est: -0.07 (+20.4%)
-0.02
est: -0.02 (+10.4%)
0.00
-0.01 – 0.00
+78.1% YoY
0.04
0.02 – 0.05
+864.6% YoY
0.08
0.07 – 0.08
+104.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-05-08 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-05-07 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-01 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
6.47M
OE per share TTM
0.11
Owner's Yield
1.93%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
7.8%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
3.8K
Shares Outstanding
56.01M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Peter A. Londa Chief Executive Officer, President & Director 834.6K male
Michael Grandis General Counsel, Chief Legal & Administrative Officer and Corporate Secretary 554.1K male
Michael J. Julian Chief Revenue Officer 468.5K male
Douglass Campbell Chief Solution Officer 444.5K male
Azim Lalani Chief Financial Officer 330.4K male
Leena Al-Hajjar Chief People & Culture Officer female
Christopher F. Allen Chief Operating Officer & EVice President of Solution Strategy male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits