Home / TMGEF : OTC

AI Analysis Fundamentals Valuation Video Analysis News Similar

AI Analysis

How does TMGEF make money? Does TMGEF have pricing power? What's the Earnings Whisper? Will TMGEF profit more as the business scales? What is TMGEF's management track record? Is TMGEF's current price justified?

Thermal Energy International Inc.

$0.11 +$0.02 (+16.33%)

OTC · 14 Sep 2026 20:00 UTC

Previous Close

$0.12

Day Range

$0.11$0.12

Year Range

$0.08$0.14

Market Cap

19.49M

AVG Volume

21.61K

Trailing/Forward PE

18.39/-

PEG ratio

-0.18

Dividend Yield

Next Earnings Date

2026-09-22

Primary Exchange

Other OTC

Revenue (CAD)

TMGEF Revenue (CAD) by year
Period	Revenue (CAD)
2025	29.78M
2024	25.88M
2023	21.09M
2022	15.91M
2021	15.35M
2020	21.42M
2019	21.08M
2018	17.41M
2017	13.19M
2016	12.4M

Net Income (CAD)

TMGEF Net Income (CAD) by year
Period	Net Income (CAD)
2025	73.17K
2024	929.5K
2023	717.96K
2022	-1.92M
2021	198.13K
2020	-1.9M
2019	-424.29K
2018	639K
2017	414.88K
2016	253.85K

Operating Income (CAD)

TMGEF Operating Income (CAD) by year
Period	Operating Income (CAD)
2025	406.41K
2024	1.37M
2023	1.14M
2022	-1.41M
2021	335.47K
2020	-1.79M
2019	-273.9K
2018	496.56K
2017	-1.87B
2016	330.94K

EBITDA (CAD)

TMGEF EBITDA (CAD) by year
Period	EBITDA (CAD)
2025	1.12M
2024	1.95M
2023	1.76M
2022	-716.46K
2021	894.88K
2020	-1.27M
2019	81.07K
2018	551.76K
2017	619.09K
2016	369.29K

Cash Flows (CAD)

TMGEF Cash Flows (CAD) by year
Period	Cash Flows (CAD)
2025	-1.75M
2024	5.02M
2023	1.33M
2022	-1.99M
2021	-1.31M
2020	1.03M
2019	496.81K
2018	258.14K
2017	1.64M
2016	368.88K

EPS (CAD)

TMGEF EPS (CAD) by year
Period	EPS (CAD)
2025	0
2024	0.01
2023	0
2022	-0.01
2021	0
2020	-0.01
2019	-0
2018	0
2017	0
2016	0

Expenses (CAD)

TMGEF Expenses (CAD) by year
Period	Expenses (CAD)
2025	11.83M
2024	11.04M
2023	8.49M
2022	6.54M
2021	6.54M
2020	8.09M
2019	8.75M
2018	7.89M
2017	6.9M
2016	6.51M

Cash & Debt (CAD)

TMGEF Cash & Debt (CAD) by year
Period	Cash & Debt (CAD)
2025	2.8M
2024	6.97M
2023	2.81M
2022	2.46M
2021	4.24M
2020	4.77M
2019	4.18M
2018	3.28M
2017	2.95M
2016	1.14M

Debt ratios

TMGEF Debt ratios by year
Period	Debt ratios
2025	-0.29
2024	-0.79
2023	2.87
2022	-2.82
2021	2.19
2020	101.54
2019	-0.72
2018	4.09

Margins

TMGEF Margins by year
Period	Margins
2025	41.45%
2024	47.38%
2023	45.37%
2022	42.32%
2021	43.98%
2020	41.81%
2019	39.83%
2018	47.87%
2017	56.39%
2016	54.78%

Return on Capital

TMGEF Return on Capital by year
Period	Return on Capital
2025	2.05%
2024	27.16%
2023	37.34%
2022	-184.07%
2021	6.69%
2020	-94.62%
2019	-10.89%
2018	15.56%
2017	11.82%
2016	8.17%

Shares Outstanding

TMGEF Shares Outstanding by year
Period	Shares Outstanding
2025	79.45M
2024	170.38M
2023	164.48M
2022	164.14M
2021	163.89M
2020	191.6M
2019	190.46M
2018	170.7M
2017	159.16M
2016	159.01M

Book Value Per Share (CAD)

TMGEF Book Value Per Share (CAD) by year
Period	Book Value Per Share (CAD)
2025	0.04
2024	0.02
2023	0.01
2022	0.01
2021	0.02
2020	0.01
2019	0.02
2018	0.02
2017	0.02
2016	0.02

Total Assets (CAD)

TMGEF Total Assets (CAD) by year
Period	Total Assets (CAD)
2025	11.95M
2024	16.79M
2023	13.51M
2022	9.6M
2021	11.55M
2020	10.44M
2019	13.05M
2018	8.69M
2017	8.38M
2016	5.98M

PE Ratio

TMGEF PE Ratio by year
Period	PE Ratio
Sep 26	21.7
Sep 26	21.89
Sep 26	21.26
Aug 26	21.22
Aug 26	21.92
Aug 26	20.91
Aug 26	21.96
Jul 26	21.16
Jul 26	21.07
Jul 26	21.8
Jul 26	21.17
Jul 26	21.63
Jun 26	22.77
Jun 26	21.32
Jun 26	21.14
Jun 26	22.12
May 26	20.48
May 26	53.06
May 26	55.62
May 26	55.75
May 26	52.32
Apr 26	55.21
Apr 26	51.95
Apr 26	49.6
Apr 26	49.75
Mar 26	47.88
Mar 26	48.66
Mar 26	51.26
Mar 26	53.95
Nov 25	130.76
Nov 25	134.23
Nov 25	142.63
Nov 25	143.35
Oct 25	143.15
Oct 25	151.94
Oct 25	146.27
Oct 25	148.63
Oct 25	148.32
Sep 25	145.29
Sep 25	158.21
Sep 25	168.96
Sep 25	163.76
Aug 25	159.31
Aug 25	196.3
Aug 25	206.74
Aug 25	210.33
Aug 25	201.77
Jul 25	214.31
Jul 25	232.55
Jul 25	225.47
Jul 25	225.58
Jun 25	184.74
Jun 25	177.49
Jun 25	173.46
Jun 25	184.46
May 25	155.66
May 25	33.11
May 25	29.85
May 25	29.78
May 25	30.04
Apr 25	33.48
Apr 25	31.92
Apr 25	33.19
Apr 25	33.57
Mar 25	33.65
Mar 25	36.88
Mar 25	37.31
Mar 25	38.53
Feb 25	43.92
Feb 25	25.44
Feb 25	25.78
Feb 25	24.32
Jan 25	25.43
Jan 25	37.16
Jan 25	37.52
Jan 25	35.62
Jan 25	34.02
Dec 24	31.83
Dec 24	31.64
Dec 24	32.04
Dec 24	31.12
Nov 24	31.82
Nov 24	36.54
Nov 24	38.32
Nov 24	42.81
Nov 24	36.14
Oct 24	39.46
Oct 24	38.11
Oct 24	38.33
Oct 24	39.83
Sep 24	45.52
Sep 24	38.13
Sep 24	44.32
Sep 24	44.4
Aug 24	42.02
Aug 24	23.21
Aug 24	22.45
Aug 24	23.01
Aug 24	23.81
Jul 24	25.1

Free Cash Flow Yield

TMGEF Free Cash Flow Yield by year
Period	Free Cash Flow Yield
Sep 26	3.32%
Sep 26	3.29%
Sep 26	3.39%
Aug 26	3.39%
Aug 26	3.28%
Aug 26	3.44%
Aug 26	3.28%
Jul 26	3.4%
Jul 26	3.42%
Jul 26	3.3%
Jul 26	3.4%
Jul 26	3.33%
Jun 26	3.16%
Jun 26	3.38%
Jun 26	3.41%
Jun 26	3.26%
May 26	3.52%
May 26	6.61%
May 26	6.3%
May 26	6.29%
May 26	6.7%
Apr 26	6.35%
Apr 26	6.75%
Apr 26	7.07%
Apr 26	7.05%
Mar 26	7.32%
Mar 26	7.21%
Mar 26	6.84%
Mar 26	6.5%
Feb 26	5.86%
Feb 26	5.71%
Feb 26	5.2%
Feb 26	5.57%
Jan 26	5.45%
Jan 26	6.8%
Jan 26	7.02%
Jan 26	6.79%
Jan 26	7.34%
Dec 25	7.59%
Dec 25	7.76%
Dec 25	9.19%
Dec 25	8.3%
Nov 25	-18.3%
Nov 25	-17.83%
Nov 25	-16.78%
Nov 25	-16.69%
Oct 25	-16.72%
Oct 25	-15.75%
Oct 25	-16.36%
Oct 25	-16.1%
Oct 25	-16.13%
Sep 25	-16.47%
Sep 25	-15.13%
Sep 25	-14.16%
Sep 25	-14.61%
Aug 25	-15.02%
Aug 25	-2.34%
Aug 25	-2.23%
Aug 25	-2.19%
Aug 25	-2.28%
Jul 25	-2.15%
Jul 25	-1.98%
Jul 25	-2.04%
Jul 25	-2.04%
Jun 25	-2.49%
Jun 25	-2.59%
Jun 25	-2.65%
Jun 25	-2.49%
May 25	-2.96%
May 25	3.8%
May 25	4.22%
May 25	4.23%
May 25	4.19%
Apr 25	3.76%
Apr 25	3.94%
Apr 25	3.79%
Apr 25	3.75%
Mar 25	3.74%
Mar 25	3.41%
Mar 25	3.37%
Mar 25	3.27%
Feb 25	2.87%
Feb 25	7.77%
Feb 25	7.67%
Feb 25	8.13%
Jan 25	7.77%
Jan 25	5.32%
Jan 25	5.27%
Jan 25	5.55%
Jan 25	5.81%
Dec 24	6.21%
Dec 24	6.25%
Dec 24	6.17%
Dec 24	6.35%
Nov 24	6.21%
Nov 24	14.78%
Nov 24	14.1%
Nov 24	12.62%
Nov 24	14.95%
Oct 24	13.69%

Price to Sales

TMGEF Price to Sales by year
Period	Price to Sales
Sep 26	0.81
Sep 26	0.82
Sep 26	0.8
Aug 26	0.79
Aug 26	0.82
Aug 26	0.78
Aug 26	0.82
Jul 26	0.79
Jul 26	0.79
Jul 26	0.82
Jul 26	0.79
Jul 26	0.81
Jun 26	0.85
Jun 26	0.8
Jun 26	0.79
Jun 26	0.83
May 26	0.77
May 26	0.91
May 26	0.95
May 26	0.95
May 26	0.89
Apr 26	0.94
Apr 26	0.89
Apr 26	0.85
Apr 26	0.85
Mar 26	0.82
Mar 26	0.83
Mar 26	0.87
Mar 26	0.92
Feb 26	1.03
Feb 26	1.05
Feb 26	1.15
Feb 26	1.08
Jan 26	1.1
Jan 26	0.88
Jan 26	0.86
Jan 26	0.89
Jan 26	0.82
Dec 25	0.79
Dec 25	0.77
Dec 25	0.65
Dec 25	0.72
Nov 25	0.32
Nov 25	0.33
Nov 25	0.35
Nov 25	0.35
Oct 25	0.35
Oct 25	0.37
Oct 25	0.36
Oct 25	0.37
Oct 25	0.36
Sep 25	0.36
Sep 25	0.39
Sep 25	0.42
Sep 25	0.4
Aug 25	0.39
Aug 25	0.99
Aug 25	1.04
Aug 25	1.06
Aug 25	1.01
Jul 25	1.08
Jul 25	1.17
Jul 25	1.13
Jul 25	1.13
Jun 25	0.93
Jun 25	0.89
Jun 25	0.87
Jun 25	0.93
May 25	0.78
May 25	0.65
May 25	0.58
May 25	0.58
May 25	0.59
Apr 25	0.65
Apr 25	0.62
Apr 25	0.65
Apr 25	0.65
Mar 25	0.66
Mar 25	0.72
Mar 25	0.73
Mar 25	0.75
Feb 25	0.86
Feb 25	0.91
Feb 25	0.93
Feb 25	0.87
Jan 25	0.91
Jan 25	1.34
Jan 25	1.35
Jan 25	1.28
Jan 25	1.22
Dec 24	1.14
Dec 24	1.14
Dec 24	1.15
Dec 24	1.12
Nov 24	1.14
Nov 24	1.31
Nov 24	1.38
Nov 24	1.54
Nov 24	1.3
Oct 24	1.42

EV/EBITDA

TMGEF EV/EBITDA by year
Period	EV/EBITDA
Sep 26	10.42
Sep 26	10.52
Sep 26	10.18
Aug 26	10.16
Aug 26	10.54
Aug 26	9.99
Aug 26	10.56
Jul 26	10.12
Jul 26	10.08
Jul 26	10.47
Jul 26	10.13
Jul 26	10.38
Jun 26	10.99
Jun 26	10.21
Jun 26	10.11
Jun 26	10.64
May 26	9.76
May 26	18.6
May 26	19.49
May 26	19.54
May 26	18.34
Apr 26	19.35
Apr 26	18.21
Apr 26	17.39
Apr 26	17.44
Mar 26	16.78
Mar 26	17.06
Mar 26	17.97
Mar 26	18.91
Feb 26	29.71
Feb 26	30.55
Feb 26	33.74
Feb 26	31.39
Jan 26	32.11
Jan 26	25.29
Jan 26	24.4
Jan 26	25.33
Jan 26	23.26
Dec 25	22.41
Dec 25	21.86
Dec 25	18.1
Dec 25	20.3
Nov 25	7.43
Nov 25	7.66
Nov 25	8.2
Nov 25	8.25
Oct 25	8.24
Oct 25	8.81
Oct 25	8.44
Oct 25	8.59
Oct 25	8.57
Sep 25	8.37
Sep 25	9.22
Sep 25	9.91
Sep 25	9.58
Aug 25	9.29
Aug 25	23.19
Aug 25	24.52
Aug 25	24.98
Aug 25	23.89
Jul 25	25.49
Jul 25	27.83
Jul 25	26.92
Jul 25	26.94
Jun 25	21.71
Jun 25	20.78
Jun 25	20.26
Jun 25	21.67
May 25	17.98
May 25	12.87
May 25	11.63
May 25	11.61
May 25	11.71
Apr 25	13.01
Apr 25	12.42
Apr 25	12.9
Apr 25	13.04
Mar 25	13.07
Mar 25	14.3
Mar 25	14.46
Mar 25	14.92
Feb 25	16.96
Feb 25	11.77
Feb 25	11.93
Feb 25	11.22
Jan 25	11.77
Jan 25	17.51
Jan 25	17.68
Jan 25	16.76
Jan 25	15.97
Dec 24	14.9
Dec 24	14.81
Dec 24	15
Dec 24	14.55
Nov 24	14.9
Nov 24	15.81
Nov 24	16.66
Nov 24	18.79
Nov 24	15.62
Oct 24	17.2

Price/Operating Cashflow

TMGEF Price/Operating Cashflow by year
Period	Price/Operating Cashflow
Sep 26	20.94
Sep 26	21.12
Sep 26	20.52
Aug 26	20.47
Aug 26	21.15
Aug 26	20.18
Aug 26	21.19
Jul 26	20.41
Jul 26	20.33
Jul 26	21.04
Jul 26	20.43
Jul 26	20.87
Jun 26	21.97
Jun 26	20.57
Jun 26	20.4
Jun 26	21.34
May 26	19.76
May 26	14.5
May 26	15.2
May 26	15.24
May 26	14.3
Apr 26	15.09
Apr 26	14.2
Apr 26	13.56
Apr 26	13.6
Mar 26	13.09
Mar 26	13.3
Mar 26	14.01
Mar 26	14.75
Feb 26	16.4
Feb 26	16.83
Feb 26	18.47
Feb 26	17.26
Jan 26	17.63
Jan 26	14.14
Jan 26	13.68
Jan 26	14.16
Jan 26	13.1
Dec 25	12.67
Dec 25	12.38
Dec 25	10.46
Dec 25	11.58
May 25	22.85
May 25	20.6
May 25	20.55
May 25	20.74
Apr 25	23.11
Apr 25	22.03
Apr 25	22.91
Apr 25	23.17
Mar 25	23.22
Mar 25	25.45
Mar 25	25.75
Mar 25	26.59
Feb 25	30.31
Feb 25	10.99
Feb 25	11.14
Feb 25	10.51
Jan 25	10.99
Jan 25	16.06
Jan 25	16.21
Jan 25	15.39
Jan 25	14.7
Dec 24	13.75
Dec 24	13.67
Dec 24	13.84
Dec 24	13.45
Nov 24	13.75
Nov 24	6.29
Nov 24	6.6
Nov 24	7.37
Nov 24	6.22
Oct 24	6.79
Oct 24	6.56
Oct 24	6.6
Oct 24	6.86
Sep 24	7.84
Sep 24	6.57
Sep 24	7.63
Sep 24	7.64
Aug 24	7.23
Aug 24	7.97
Aug 24	7.71
Aug 24	7.9
Aug 24	8.18
Jul 24	8.62
Jul 24	8.26
Jul 24	9.2
Jul 24	8.2
Jun 24	8.17
Jun 24	8.24
Jun 24	8.63
Jun 24	8.43
May 24	9.25
May 24	22.9
May 24	22.19
May 24	22.12
May 24	21.9
Apr 24	24.42
Apr 24	26.85

Price to Book

TMGEF Price to Book by year
Period	Price to Book
Sep 26	5.55
Sep 26	5.59
Sep 26	5.43
Aug 26	5.42
Aug 26	5.6
Aug 26	5.34
Aug 26	5.61
Jul 26	5.41
Jul 26	5.38
Jul 26	5.57
Jul 26	5.41
Jul 26	5.53
Jun 26	5.82
Jun 26	5.45
Jun 26	5.4
Jun 26	5.65
May 26	5.23
May 26	6.09
May 26	6.39
May 26	6.4
May 26	6.01
Apr 26	6.34
Apr 26	5.97
Apr 26	5.7
Apr 26	5.71
Mar 26	5.5
Mar 26	5.59
Mar 26	5.89
Mar 26	6.2
Feb 26	7.6
Feb 26	7.8
Feb 26	8.56
Feb 26	8
Jan 26	8.17
Jan 26	6.55
Jan 26	6.34
Jan 26	6.56
Jan 26	6.07
Dec 25	5.87
Dec 25	5.74
Dec 25	4.85
Dec 25	5.37
Nov 25	2.68
Nov 25	2.75
Nov 25	2.93
Nov 25	2.94
Oct 25	2.94
Oct 25	3.12
Oct 25	3
Oct 25	3.05
Oct 25	3.04
Sep 25	2.98
Sep 25	3.25
Sep 25	3.47
Sep 25	3.36
Aug 25	3.27
Aug 25	8.55
Aug 25	9
Aug 25	9.16
Aug 25	8.79
Jul 25	9.33
Jul 25	10.13
Jul 25	9.82
Jul 25	9.82
Jun 25	8.04
Jun 25	7.73
Jun 25	7.55
Jun 25	8.03
May 25	6.78
May 25	5.1
May 25	4.6
May 25	4.59
May 25	4.63
Apr 25	5.16
Apr 25	4.92
Apr 25	5.11
Apr 25	5.17
Mar 25	5.18
Mar 25	5.68
Mar 25	5.75
Mar 25	5.94
Feb 25	6.77
Feb 25	6.9
Feb 25	6.99
Feb 25	6.59
Jan 25	6.89
Jan 25	10.07
Jan 25	10.17
Jan 25	9.66
Jan 25	9.22
Dec 24	8.63
Dec 24	8.58
Dec 24	8.68
Dec 24	8.44
Nov 24	8.63
Nov 24	9.93
Nov 24	10.41
Nov 24	11.63
Nov 24	9.82
Oct 24	10.72

No video analysis for this stock yet. Request one from our team.

News: TMGEF

feeds.newsfilecorp.com · 14 Sep 2026

Thermal Energy International to Present at Smallcap Discoveries in Vancouver on Tuesday, September 29, 2026

Ottawa, Ontario--(Newsfile Corp. - September 14, 2026) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) (FSE: EUW) ("Thermal Energy" or

newsfilecorp.com · 24 Aug 2026

Thermal Energy Wins Three Heat Recovery Orders Totalling $2.1 Million with Global Nutrition Company

Recovered waste heat expected to provide customer with an additional $410-472 thousand in annual natural gas savings Ottawa, Ontario--(Newsfile Corp. - August 24, 2026) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) (FSE: EUW) ("Thermal Energy " or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, has received repeat business in the form of three orders worth approximately $2.1 million from a global nutrition company. The orders include two turnkey projects in the United States and a Major Equipment Package ("MEP") for a site in Indonesia, representing the Company's first heat recovery order in that country.

newsfilecorp.com · 23 Jul 2026

Thermal Energy International CEO Provides Letter to Shareholders

Ottawa, Ontario--(Newsfile Corp. - July 23, 2026) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) (FSE: EUW) ("Thermal Energy " or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, today provided the following letter to shareholders from its CEO, William Crossland. All figures are shown in CAD unless indicated otherwise.

newsfilecorp.com · 14 Jul 2026

Thermal Energy Announces $1.8 Million Heat Recovery Order from International Premium Beer and Beverage Company

Turnkey project to yield approximately $406 thousand in fuel savings while reducing site-wide CO2 emissions by 975 tonnes Ottawa, Ontario--(Newsfile Corp. - July 14, 2026) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, received an order for a turnkey heat recovery project worth approximately $1.8 million from an international premium beer and beverage company. The FLU-ACE system to be installed will recover waste heat from the exhausts of two boilers at one of the customer's breweries and is expected to provide the brewery annual fuel savings of approximately $406 thousand, while reducing its CO2 emissions by approximately 975 tonnes.