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← CockpitCompetitor Analysis › CGY.TO Calian Group Ltd.Open in the cockpit ↗

Calian Group Ltd.CGY.TOCompetitor analysis, valuation and peers

Canada · CAD·Industrials›Miscellaneous Commercial Services
Momentum leader 82
Mkt cap
$699M
US dollars, full cap
Free float
99%
of shares outstanding
$/day
$2.00M
20-day average traded
Fwd P/E
18.7×
forward earnings
ROIC−WACC
+0.3 pp
WACC 7.3%
Hurdle
+1 pp
Req g minus delivered
Next earnings
24 days
30 Nov 2026
Close · CADC$84.97
1D+1.8%
1W+2.4%
1M+6.7%
3M+2.4%
6M+22.3%
YTD+53.0%
1Y+67.0%
ATR %3.0%
52w lowhigh11.0% off high

What Calian does

Employees: 6,100

Calian at a glance

Size Calian (CGY.TO) is a Canada Industrials company (Miscellaneous Commercial Services) with a market value of $699M, the 300th largest of 420 Canada companies the cockpit tracks. Shares closed at C$84.97 on 6 Nov 2026.

Performance Over six months the shares gained 22.3%, against -4.8% for the median peer and +5.2% for the Canada market (cap-weighted) — 4th highest of 21 in its peer set.

Growth Revenue grew 15.7% over the last twelve months (peer median +12.1%); the operating margin is 5.7% (peer median 7.6%).

Valuation It trades at 18.7× forward earnings against a peer median of 14.4× (7th most expensive of 15).

Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is +1 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 0.3 points above its cost of capital (7.3% WACC).

Next results Next results expected around 30 Nov 2026 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026CGY.TO 123Peer median 95
Six months, rebased to 100: Calian against the median of its 20 peers (local-currency closes).

Calian financials

Reported figures in CAD; fiscal year ends 2025-09-30. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueC$870MC$774MC$747MC$659MC$582M
Revenue growth—+4%+13%+13%—
Gross profitC$253MC$213MC$212MC$176MC$138M
EBITDAC$95.0MC$73.9MC$85.5MC$66.0MC$65.9M
Net incomeC$38.5MC$20.6MC$11.2MC$18.9MC$13.6M
Free cash flowC$26.3MC$34.8MC$75.4MC$48.4MC$36.0M
Capital expenditureC$11.7MC$10.6MC$11.8MC$8.44MC$7.33M
Total debtC$185MC$174MC$129MC$74.8MC$26.5M

Quarterly statements and history in the cockpit →

Calian competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%-25%0%+25%+50%-20%0%3013986030076027JSG688480603528AUBIPH60377868817008393007979757RWS301210WLN688079301528CCP301508CGY.TO6-month return →1-month return →
Up and to the right = strong over both horizons. Calian is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%+40%+60%0×25×50×75×6027JSG688480603528AUBIPH68817008393007979757301210WLNCGY.TORevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Calian is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%6027JSG688480AUBIPH3007979757RWSWLN301528CCP301508CGY.TOGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Calian is the large dot.

Calian competitors and peer comparison

How Calian compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Calian against its 20 peers (data as of 6 Nov 2026)
MeasureCGY.TOPeer medianRank in peer set
1-month return+6.7%-1.9%7th highest of 21
6-month return+22.3%-4.8%4th highest of 21
Distance from 52-week high-11.0%-37.9%4th highest of 21
Revenue growth (TTM)+15.7%+12.1%10th highest of 21
Operating margin5.7%7.6%10th lowest of 21
Forward P/E18.7×14.4×7th most expensive of 15
Growth the price implies (Req g, 7 yrs)13.4%9.9%6th most demanding of 13
Growth delivered (Del g)+12.4%+14.4%6th lowest of 13
Hurdle (Req g minus delivered)+1.1 pp-5.5 pp4th most demanding of 13
ROIC minus cost of capital+0.3 pp-2.6 pp6th highest of 21
EV / EBITDA11.8×6.8×3rd most expensive of 11
Net debt / EBITDA1.5×1.4×6th least indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Calian CGY.TOCanada$699M+22%+16%6%18.7×13.4%+12.4%
Ningbo Sinyuan ZM Technology 301398.SZChina$700M-5%+42%-18%n/an/an/a
Danyang Syngen Intelligent Technology 603007.SSChina$702M-25%+929%-34%n/an/an/a
Bengo4.com 6027.TJapan$695M+94%+19%14%51.8×18.7%+25.1%
Johnson Service JSG.LUnited Kingdom$704M+10%+2%11%11.0×8.3%+18.4%
Science Environmental Protection 688480.SSChina$694M-51%+37%10%29.7×28.2%+28.2%
Duolun Technology 603528.SSChina$706M-13%-6%-30%31.9×n/an/a
Aubay AUB.PAFrance$707M-5%+27%9%12.9×2.5%+7.1%
IPH IPH.AXAustralia$709M+13%+1%18%9.5×-7.3%+14.6%
Grand Sunergy Tech 603778.SSChina$686M-73%-54%-98%n/an/an/a
Suzhou Delphi Laser 688170.SSChina$717M-23%+20%1%78.7×n/an/a
China Education 0839.HKHong Kong$680M-4%+9%32%3.0×n/an/a
NCS Testing Technology 300797.SZChina$678M-26%+15%7%25.1×22.3%+15.0%
Funai Soken 9757.TJapan$721M+5%+6%26%16.0×-8.3%+5.9%
RWS RWS.LUnited Kingdom$677M+46%-1%4%10.3×11.5%+14.2%
Wuxi Jinyang Precision Manufacturing 301210.SZChina$729M+8%+57%6%40.6×n/an/a
Worldline WLN.PAFrance$732M+9%-18%2%5.4×17.6%+10.4%
Hangzhou MDK Opto Electronic 688079.SSChina$666M-28%+30%-26%n/an/an/a
Guangzhou Doppler Electronic Technologies 301528.SZChina$663M-5%+35%22%n/a42.2%+11.8%
Credit CCP.AXAustralia$738M+37%+7%26%9.5×2.1%+11.1%
China Machinery Huanyu Certification & Inspection 301508.SZChina$738M-20%+10%21%n/a6.8%+15.4%

Questions

Which companies are Calian's closest peers?
The cockpit's peer set: Ningbo Sinyuan ZM Technology (301398.SZ), Danyang Syngen Intelligent Technology (603007.SS), Bengo4.com (6027.T), Johnson Service (JSG.L), Science Environmental Protection (688480.SS), Duolun Technology (603528.SS), Aubay (AUB.PA), IPH (IPH.AX).
Is Calian expensive compared with its peers?
On forward p/e it trades at 18.7× against a peer median of 14.4×, 7th most expensive of 15 in its peer set. For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is +1 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Calian stock performed?
Over six months to 6 Nov 2026 the shares returned +22.3% against -4.8% for the median peer; over one year +67.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.