| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 156.90 | 8815 |
| Intrinsic value (DCF) | 12.36 | 602 |
| Graham-Dodd Method | 0.50 | -72 |
| Graham Formula | 14.00 | 695 |
Intermap Technologies Corporation (TSX: IMP) is a leading geospatial intelligence company specializing in Data-as-a-Service (DaaS) solutions, geospatial analytics, and software applications. Headquartered in Englewood, Colorado, Intermap serves clients across the U.S., Asia Pacific, and Europe with high-precision terrain and obstacle awareness solutions, including InsitePro for insurance underwriting and NEXTView for aviation safety. The company’s geospatial data is utilized in diverse industries such as insurance, aviation, energy, telecommunications, and environmental planning. Founded in 1996, Intermap leverages proprietary data collection and processing technologies to deliver actionable insights for risk assessment, infrastructure planning, and 3D visualization. As industries increasingly rely on location-based intelligence, Intermap is well-positioned to capitalize on growing demand for geospatial analytics in sectors like autonomous navigation, climate resilience, and smart city development.
Intermap Technologies presents a high-risk, high-reward investment opportunity due to its niche focus on geospatial intelligence and emerging applications in insurance, aviation, and infrastructure. The company’s recent profitability (net income of CAD 2.46M in the latest period) and modest market cap (~CAD 139M) suggest potential for growth, but its high beta (1.64) indicates volatility. While revenue remains relatively low (CAD 17.6M), Intermap’s asset-light DaaS model could scale efficiently. Key risks include reliance on government and enterprise contracts, competition from larger geospatial players, and cash flow challenges (negative operating cash flow of CAD -1.79M). Investors should monitor adoption of NEXTView in aviation and InsitePro in insurance markets for traction.
Intermap Technologies competes in the geospatial analytics sector by differentiating with proprietary elevation data and niche software solutions like NEXTView (aviation) and InsitePro (insurance). Unlike satellite-based competitors, Intermap’s radar-based terrain mapping offers higher precision, a key advantage for aviation safety and flood risk modeling. However, its small scale limits R&D and global sales reach compared to giants like Maxar or Airbus. The company’s focus on DaaS aligns with industry trends toward subscription models but requires sustained tech investment. Intermap’s partnerships with insurers and governments provide stable demand, yet its U.S.-centric revenue base (despite global operations) exposes it to regional economic shifts. The lack of dividends and inconsistent cash flow may deter conservative investors, but its IP portfolio and aviation safety certifications create barriers to entry in specialized markets.