Is Thermal Energy International on Your Radar?

Thermal Energy International Inc. is a Canadian cleantech company with proprietary and proven energy efficiency and emission reduction solutions.  The company saves manufacturers and other industrial and institutional operations money, improving their bottom lines by reducing their fuel use and cutting their carbon emissions.  Thermal Energy's common shares are listed on the TSX Venture Exchange (TSX-V) under the symbol TMG.

Large, fast-growing market with strong fundamentals

Governments and businesses around the world are taking unprecedented action on emissions and climate change. Increasing energy productivity is the most cost-effective way to reduce GHG emissions. Not surprising then that $21.8 trillion is expected to be invested in end-use energy efficiency between 2015 and 2040(1). The global waste hear recovery market, the subset of the global cleantech market most relevant to Thermal Energy International, is expected to grow at a CAGR of 6.8% from now to 2022(2).

Proven products with application across many industry sectors

Thermal Energy has two main products - FLU-ACE Heat Recovery Systems and GEM Steam Traps.  Combined, these solutions can increase the efficiency of an industrial or institutional heating and steam system to as much as 95% with typical project paybacks within three to five years. These products have proven applications across many industry sectors, from food and beverage, pulp and paper, chemicals and petrochemicals, to hospitals, pharmaceuticals, tire manufacturing, laundries, and more. Customers include Fortune 500 and many other multinational companies.

Strong year-to-date financial performance

On April 18, 2017, Thermal Energy announced its financial results for the three months and nine months ended February 28, 2017.  Those financial results included revenue and profitability for the year-to-date that were ahead of last year’s pace. In fact, the company's gross profit for the year-to-date was the highest on record for the first nine months of the company's fiscal year. In addition, the company reported that it had no debt and its working capital and net cash balances were up from the end of fiscal 2016.

According to the Clayton News Review, Thermal Energy currently has a Gross Margin score of 6.00000. This score is derived from the Gross Margin (Marx) stability and growth over the previous eight years. The Gross Margin score lands on a scale from 1 to 100 where a score of 1 would be considered positive, and a score of 100 would be seen as negative.  The Clayton News Review also shows that Thermal Energy has a Piotroski F-Score of 8. The F-Score is a measure of a company's financial strength as demonstrated by its balance sheet. Joseph Piotroski developed the F-Score which employs nine different variables based on the company's financial statements. A single point is assigned to each test that a stock passes. Typically, a stock scoring an 8 or 9 would be seen as strong. On the other end, a stock with a score from 0-2 would be viewed as weak.

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(1) International Energy Agency World Energy Outlook 2015
(2) P&S Market Research Report on Global Waste Heat Recovery Market