Also trades as: TER.AX (ASX) · $vol 0M

$0.04

-0.01 (-13.29%)

Weekly Expected Move ±14.1%

$0 $0 $0 $0 $0

OTC · Energy · Coal · Tech Score Neutral · Power 48 · $82.0M mcap · 1.68B float · 0.024% daily turnover · Short 13% of daily vol

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Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

Oct 02, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. TERCF receives an overall rating of C. Strongest factors: P/B (4/5). Areas of concern: ROE (1/5), ROA (1/5), D/E (1/5), P/E (1/5).

Rating Change History

Date	From	To
2026-10-01	B-	C
2026-09-01	C+	B-
2026-08-04	C	C+
2026-08-03	C+	C
2026-07-30	C	C+
2026-07-01	C+	C
2026-05-04	C	C+
2026-04-24	C-	C
2026-04-01	C+	C-
2026-03-16	C	C+

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ — Grade D

Profitability

Balance Sheet

Earnings Quality

Growth

Value

—

Momentum

Safety

—

Cash Flow

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

—

Piotroski F-Score

2/9

✗ ✗ ✗ ✓ ✗ ✓ ✗ ✗ ✗

Beneish M-Score

-4.53

Unlikely Manipulator

Ohlson O-Score

-4.21

Bankruptcy prob: 1.5%

Low Risk

Credit Rating

BB-

Score: 37.8/100

Trend: Deteriorating

Earnings Quality

—

OCF/NI: 0.54x

Accruals: -12.7%

The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. TERCF scores 2/9, suggesting weak financial fundamentals — the company fails the majority of these accounting tests. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. TERCF's score of -4.53 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. TERCF's implied 1.5% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. TERCF receives an estimated rating of BB- (score: 37.8/100), with a deteriorating trend.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

-2.14x

PEG

0.07x

P/S

0.80x

P/B

0.95x

P/FCF

—

P/OCF

—

EV/EBITDA

—

EV/Revenue

—

EV/EBIT

—

EV/FCF

—

Earnings Yield

—

FCF Yield

—

Shareholder Yield

—

Graham Number

—

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. TERCF currently has negative earnings — the P/E ratio is not meaningful.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.836

NI / EBT

Interest Burden

1.099

EBT / EBIT

EBIT Margin

-0.211

EBIT / Rev

Asset Turnover

1.431

Rev / Assets

Equity Multiplier

1.872

Assets / Equity

ROE

-51.9%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. TERCF's ROE of -51.9% is driven by Asset Turnover (1.431), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

—

Price/Value

—

Margin of Safety

—

Premium

—

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1233 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$0.04

Median 1Y

$0.01

5th Pctile

$0.00

95th Pctile

$0.16

Ann. Volatility

166.3%

25th–75th percentile 5th–95th percentile Median path Historical

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
ROE	-1.4%	1.3%	2.3%	2.7%	6.4%	1.8%	66.5%	-4.8%	-37.0%	-51.9%	-51.85%
ROA	10.8%	46.5%	91.4%	1.3%	1.1%	78.2%	31.0%	-2.2%	-17.4%	-27.7%	-27.70%
ROIC	34.7%	2.0%	5.2%	3.4%	2.4%	1.4%	54.6%	6.4%	-22.6%	-41.6%	-41.57%
ROCE	67.4%	1.5%	2.4%	2.9%	2.5%	1.5%	60.8%	4.5%	-26.3%	-44.5%	-44.54%
Gross Margin	34.7%	60.5%	57.8%	37.0%	22.0%	1.2%	18.8%	-14.4%	-13.0%	-37.1%	-37.07%
Operating Margin	28.3%	57.4%	50.5%	37.0%	18.8%	-1.9%	10.7%	-22.4%	-19.2%	-48.3%	-48.27%
Net Margin	13.6%	34.4%	42.0%	35.3%	22.5%	-4.9%	2.8%	-31.3%	-14.0%	-39.5%	-39.46%
EBITDA Margin	32.0%	66.9%	52.6%	47.1%	34.5%	5.3%	10.7%	-14.1%	-19.1%	-30.5%	-30.49%
FCF Margin	14.1%	39.3%	41.4%	37.7%	39.9%	23.3%	4.2%	-1.9%	-2.5%	-13.0%	-13.02%
OCF Margin	15.8%	40.3%	42.5%	39.0%	41.5%	25.2%	6.5%	0.6%	-0.5%	-10.5%	-10.48%
ROE 3Y Avg	snapshot only										82.54%
ROA 3Y Avg	snapshot only										35.65%
ROIC 3Y Avg	snapshot only										67.50%
ROIC Economic	snapshot only										-41.49%
Cash ROA	snapshot only										-16.83%
Cash ROIC	snapshot only										-31.21%
CROIC	snapshot only										-38.78%
NOPAT Margin	snapshot only										-13.95%
Pretax Margin	snapshot only										-23.15%
R&D / Revenue	snapshot only										0.00%
SGA / Revenue	snapshot only										8.24%
SBC / Revenue	snapshot only										0.00%

Valuation

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
P/E Ratio	—	—	—	—	—	—	—	—	—	—	-2.141
P/S Ratio	—	—	—	—	—	—	—	—	—	—	0.805
P/B Ratio	—	—	—	—	—	—	—	—	—	—	0.948
P/FCF	—	—	—	—	—	—	—	—	—	—	—
P/OCF	—	—	—	—	—	—	—	—	—	—	—
EV/EBITDA	—	—	—	—	—	—	—	—	—	—	—
EV/Revenue	—	—	—	—	—	—	—	—	—	—	—
EV/EBIT	—	—	—	—	—	—	—	—	—	—	—
EV/FCF	—	—	—	—	—	—	—	—	—	—	—
Earnings Yield	—	—	—	—	—	—	—	—	—	—	—
FCF Yield	—	—	—	—	—	—	—	—	—	—	—
PEG Ratio	snapshot only										0.067

Leverage & Solvency

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
Current Ratio	0.24	0.84	0.86	0.69	0.70	0.65	0.60	0.65	0.43	0.65	0.649
Quick Ratio	0.19	0.80	0.80	0.55	0.58	0.53	0.35	0.53	0.29	0.42	0.419
Debt/Equity	-7.23	0.26	0.05	0.04	0.03	0.02	0.02	0.08	0.17	0.07	0.074
Net Debt/Equity	—	-0.22	-0.55	-0.22	-0.06	-0.02	-0.04	-0.02	0.11	0.01	0.012
Debt/Assets	0.55	0.09	0.02	0.02	0.02	0.01	0.01	0.04	0.07	0.04	0.039
Debt/EBITDA	2.15	0.09	0.01	0.01	0.01	0.01	0.02	0.22	-1.12	-0.21	-0.209
Net Debt/EBITDA	2.05	-0.08	-0.14	-0.05	-0.02	-0.01	-0.04	-0.05	-0.74	-0.03	-0.033
Interest Coverage	3.78	8.27	12.91	14.57	32.12	53.77	23.30	1.18	-3.63	-6.74	-6.740
Equity Multiplier	-13.18	2.90	2.49	2.13	1.93	1.87	1.80	2.28	2.44	1.88	1.876
Cash Ratio	snapshot only										0.138
Debt Service Coverage	snapshot only										-3.752
Cash to Debt	snapshot only										0.843
FCF to Debt	snapshot only										-5.318
Defensive Interval	snapshot only										248.0 days

Efficiency & Turnover

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
Asset Turnover	0.80	1.91	2.99	4.11	2.97	2.50	1.69	1.49	1.46	1.43	1.431
Inventory Turnover	15.64	69.56	64.76	47.82	45.98	73.25	35.68	35.82	42.18	38.58	38.578
Receivables Turnover	7.80	13.10	37.33	160.81	40.01	23.52	36.32	37.94	39.15	27.74	27.744
Payables Turnover	4.03	8.27	10.48	19.01	14.68	13.31	10.81	10.09	11.95	16.99	16.985
DSO	47	28	10	2	9	16	10	10	9	13	13.2 days
DIO	23	5	6	8	8	5	10	10	9	9	9.5 days
DPO	91	44	35	19	25	27	34	36	31	21	21.5 days
Cash Conversion Cycle	-20	-11	-19	-9	-8	-7	-13	-16	-13	1	1.1 days
Fixed Asset Turnover	snapshot only										6.397
Operating Cycle	snapshot only										22.6 days
Cash Velocity	snapshot only										48.444
Capital Intensity	snapshot only										0.622

Growth (YoY)

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
Revenue	—	—	—	—	2.1%	14.3%	-51.4%	-66.8%	-63.7%	-55.9%	-55.92%
Net Income	—	—	—	—	7.3%	46.9%	-70.7%	-1.0%	-1.1%	-1.3%	-1.27%
EPS	—	—	—	—	7.2%	38.7%	-70.7%	-1.0%	-1.1%	-1.1%	-1.14%
FCF	—	—	—	—	7.9%	-32.2%	-95.0%	-1.0%	-1.0%	-1.2%	-1.25%
EBITDA	—	—	—	—	4.3%	-3.4%	-72.2%	-93.1%	-1.0%	-1.1%	-1.12%
Op. Income	—	—	—	—	4.2%	-6.4%	-78.6%	-98.4%	-1.1%	-1.2%	-1.22%
OCF Growth	snapshot only										-1.18%
Asset Growth	snapshot only										-19.74%
Equity Growth	snapshot only										-20.04%
Debt Growth	snapshot only										1.38%
Shares Change	snapshot only										1.02%
Dividend Growth	snapshot only										-98.52%

Growth Quality

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
Revenue Stability	—	—	—	—	—	—	—	—	0.00	0.55	0.547
Earnings Stability	—	—	—	—	—	—	—	—	0.04	0.52	0.518
Margin Stability	—	—	—	—	—	—	—	—	0.04	0.00	0.000
Rev. Growth Consistency	0.00	0.00	0.00	0.00	0.50	0.50	0.00	0.00	0.00	0.00	0.000
Earn. Growth Consistency	0.00	0.00	0.00	0.00	0.50	0.50	0.00	0.00	0.00	0.00	0.000
FCF Positive Streak	0	0	0	0	1	1	1	0	0	0	0
Earnings Persistence	—	—	—	—	—	—	—	—	0.20	0.20	0.200
Earnings Smoothness	—	—	—	—	0.00	0.62	0.00	—	—	—	—
ROE Trend	—	—	—	—	—	—	—	—	—	-2.11	-2.113
Gross Margin Trend	—	—	—	—	—	—	—	—	-0.44	-0.53	-0.534
FCF Margin Trend	—	—	—	—	—	—	—	—	-0.29	-0.44	-0.443
Sustainable Growth Rate	—	1.3%	1.3%	1.3%	2.4%	12.8%	-3.5%	—	—	—	—
Internal Growth Rate	12.2%	85.2%	1.1%	1.5%	68.6%	5.7%	—	—	—	—	—

Cash Flow Quality

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
OCF/Net Income	1.16	1.65	1.39	1.25	1.16	0.81	0.35	-0.39	0.04	0.54	0.541
FCF/OCF	0.90	0.98	0.97	0.97	0.96	0.92	0.65	-3.38	4.73	1.24	1.242
FCF/Net Income	snapshot only										0.672
CapEx/Revenue	1.6%	1.0%	1.2%	1.3%	1.6%	2.5%	3.2%	3.6%	3.2%	2.5%	2.54%
CapEx/Depreciation	snapshot only										0.272
Accruals Ratio	-0.02	-0.30	-0.36	-0.32	-0.17	0.15	0.20	-0.03	-0.17	-0.13	-0.127
Sloan Accruals	snapshot only										-0.109
Cash Flow Adequacy	snapshot only										-2.320

Dividends & Buybacks

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
Dividend Yield	—	—	—	—	—	—	—	—	—	—	0.00%
Dividend/Share	$0.00	$0.00	$0.20	$0.31	$0.34	$0.33	$0.15	$0.04	$0.01	$0.00	$0.00
Payout Ratio	0.0%	1.0%	42.9%	53.7%	61.7%	93.1%	1.1%	—	—	—	—
FCF Payout Ratio	0.0%	0.6%	31.7%	44.5%	55.4%	1.3%	4.6%	—	—	—	—
Total Payout Ratio	0.0%	1.0%	42.9%	53.7%	61.7%	93.1%	1.1%	—	—	—	—
Div. Increase Streak	—	0	0	0	0	1	0	0	0	0	0
Chowder Number	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	—	—	—	—	—	—	—	—	—	—	—
Net Buyback Yield	—	—	—	—	—	—	—	—	—	—	—
Total Shareholder Return	—	—	—	—	—	—	—	—	—	—	—

DuPont Factors

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
Tax Burden (NI/EBT)	0.69	0.66	0.69	0.71	0.71	0.75	0.80	0.53	0.69	0.84	0.836
Interest Burden (EBT/EBIT)	0.72	0.79	0.92	0.93	0.97	1.07	0.97	-1.37	1.55	1.10	1.099
EBIT Margin	0.28	0.47	0.48	0.48	0.52	0.39	0.23	0.02	-0.11	-0.21	-0.211
Asset Turnover	0.80	1.91	2.99	4.11	2.97	2.50	1.69	1.49	1.46	1.43	1.431
Equity Multiplier	-13.18	2.90	2.49	2.13	6.00	2.35	2.14	2.19	2.13	1.87	1.872

Per Share

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
EPS (Diluted TTM)	$0.07	$0.26	$0.47	$0.57	$0.55	$0.36	$0.14	$-0.01	$-0.07	$-0.05	$-0.05
Book Value/Share	$-0.05	$0.19	$0.21	$0.21	$0.22	$0.21	$0.21	$0.16	$0.14	$0.08	$0.08
Tangible Book/Share	$-0.05	$0.17	$0.21	$0.20	$0.22	$0.21	$0.21	$0.16	$0.14	$0.08	$0.08
Revenue/Share	$0.49	$1.06	$1.55	$1.83	$1.52	$1.15	$0.75	$0.60	$0.55	$0.25	$0.11
FCF/Share	$0.07	$0.42	$0.64	$0.69	$0.61	$0.27	$0.03	$-0.01	$-0.01	$-0.03	$-0.04
OCF/Share	$0.08	$0.43	$0.66	$0.71	$0.63	$0.29	$0.05	$0.00	$-0.00	$-0.03	$-0.04
Cash/Share	$0.02	$0.09	$0.12	$0.05	$0.02	$0.01	$0.01	$0.02	$0.01	$0.01	$0.01
EBITDA/Share	$0.16	$0.53	$0.79	$0.92	$0.83	$0.49	$0.22	$0.06	$-0.02	$-0.03	$-0.03
Debt/Share	$0.34	$0.05	$0.01	$0.01	$0.01	$0.01	$0.01	$0.01	$0.02	$0.01	$0.01
Net Debt/Share	$0.32	$-0.04	$-0.11	$-0.05	$-0.01	$-0.01	$-0.01	$-0.00	$0.02	$0.00	$0.00

Academic Models

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—
Piotroski F-Score	4	4	4	4	7	5	4	2	2	2	2
Beneish M-Score	—	—	—	—	-4.05	23.24	-1.88	-4.72	-4.11	-4.53	-4.531
Ohlson O-Score	snapshot only										-4.208
ROIC (Greenblatt)	snapshot only										-2.03%
Net-Net WC	snapshot only										$-0.05
EVA	snapshot only										$-70181203.40

Credit

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
Credit Rating	snapshot only										BB-
Credit Score	20.00	76.75	80.25	80.25	82.75	82.75	82.75	46.40	37.80	37.80	37.800
Credit Grade	snapshot only										13
Credit Trend	snapshot only										-44.950
Implied Spread (bps)	snapshot only										550.000

TERCF OTC

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

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