TrustBIX Inc. (TBIX.V)

TrustBIX Inc. (TBIX.V) — VMCI valuation read

Headline read on TBIX.V: VMCI of 32/100 versus a Technology sector median of 50. The 18-point below-median position is what makes TrustBIX Inc. a relative-value laggard in the mid-cap cohort, before any pillar-level review.

Form 4 filings on TBIX.V: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on TBIX.V: value (TBIX.V trades at 17.0x earnings, 6% below the Technology median of 18.0x), quality (ROIC of 19.0% sits 9.0pp above the Technology median (10.0%)), and risk (net debt to EBITDA of 3.2x is the binding constraint on the bear case). The value read also implies an EV/EBITDA gap of +4.0x against the Technology 12.0x baseline.

TBIX.V rose 2.7% over the trailing 7 days, with a -6.2% read on a 30-day basis.