Stock CTS CONVERGE TECHNOLOGY SOLUTIONS CORP.
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Financials Converge Technology Solutions Corp.

Equities

CTS

CA21250C1068

IT Services & Consulting

Market Closed - Toronto S.E.
Other stock markets
 01:30:00 27/04/2024 am IST 		5-day change 1st Jan Change
5.5 CAD -0.72% Intraday chart for Converge Technology Solutions Corp. +1.48% +32.85%
18/04 Converge Technology Solutions Reports GenAI Focused Partnership With Forum Systems MT
18/04 Converge Technology Solutions Corp. Announces GenAI Focused Partnership with Forum Systems, Inc CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 110.7 709.8 2,330 958.4 845.5 1,111 - -
Enterprise Value (EV) 1 110.7 784.2 2,084 1,421 845.5 1,283 1,196 970
P/E ratio - -124 x 128 x 36.6 x -132 x 91.7 x 31.9 x 11.7 x
Yield - - - - - - - -
Capitalization / Revenue 0.16 x 0.75 x 1.53 x 0.38 x 0.31 x 0.4 x 0.38 x 0.37 x
EV / Revenue 0.16 x 0.83 x 1.36 x 0.56 x 0.31 x 0.46 x 0.41 x 0.32 x
EV / EBITDA 3.5 x 13 x 22.2 x 9.95 x 4.96 x 6.7 x 5.7 x 4.29 x
EV / FCF 4.43 x 16.8 x 25.8 x 80.6 x - 12 x 8.97 x 6.21 x
FCF Yield 22.6% 5.94% 3.88% 1.24% - 8.36% 11.2% 16.1%
Price to Book - - 3.8 x 1.6 x - 1.61 x 1.38 x 1.18 x
Nbr of stocks (in thousands) 79,077 1,42,824 2,14,396 2,08,812 2,04,225 2,02,070 - -
Reference price 2 1.400 4.970 10.87 4.590 4.140 5.500 5.500 5.500
Announcement Date 01/04/20 09/03/21 22/03/22 15/03/23 06/03/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 687.8 948.8 1,528 2,521 2,705 2,810 2,950 3,041
EBITDA 1 31.62 60.49 94.04 142.9 170.3 191.3 209.7 226
EBIT 1 - 33.84 54.43 62.01 50.31 48.41 69.86 -
Operating Margin - 3.57% 3.56% 2.46% 1.86% 1.72% 2.37% -
Earnings before Tax (EBT) 1 - -2.501 23.97 18.78 -18.56 24.83 68.37 -
Net income 1 - -4.175 15.95 22.84 -6.393 14.43 41.85 -
Net margin - -0.44% 1.04% 0.91% -0.24% 0.51% 1.42% -
EPS 2 - -0.0400 0.0852 0.1255 -0.0313 0.0600 0.1725 0.4700
Free Cash Flow 1 25.01 46.61 80.76 17.64 - 107.3 133.4 156.3
FCF margin 3.64% 4.91% 5.29% 0.7% - 3.82% 4.52% 5.14%
FCF Conversion (EBITDA) 79.09% 77.06% 85.88% 12.35% - 56.07% 63.61% 69.16%
FCF Conversion (Net income) - - 506.43% 77.24% - 743.44% 318.7% -
Dividend per Share - - - - - - - -
Announcement Date 01/04/20 09/03/21 22/03/22 15/03/23 06/03/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 367.3 505 550 596.7 603.2 771.6 678.2 665.8 710.1 651.1 672.9 683.3 719.6 724.7 700.2
EBITDA 1 18.86 34.68 29.65 39.19 30.97 43.06 41.21 41.53 41.26 46.5 40.96 45.86 48.62 55.57 46.27
EBIT 1 -1.185 22.53 14.15 20.15 5.528 22.18 13.66 12.08 9.699 14.87 1.912 9.1 16.87 16.59 -
Operating Margin -0.32% 4.46% 2.57% 3.38% 0.92% 2.87% 2.01% 1.81% 1.37% 2.28% 0.28% 1.33% 2.34% 2.29% -
Earnings before Tax (EBT) 1 - 10.57 -1.002 13.08 15.73 -9.019 -3.286 -6.452 -4.373 -4.454 -2.494 3.3 6.342 17.41 -
Net income 1 4.596 6.66 -1.794 11.68 18.23 -4.656 -1.957 -3.548 -3.316 4.781 -3.005 1.455 5.337 10.51 -
Net margin 1.25% 1.32% -0.33% 1.96% 3.02% -0.6% -0.29% -0.53% -0.47% 0.73% -0.45% 0.21% 0.74% 1.45% -
EPS 2 0.0200 0.0314 -0.008000 0.0500 0.1000 -0.0172 -0.009600 -0.0169 -0.0161 0.0238 -0.0200 -0.003330 0.0200 0.0300 -
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 10/11/21 22/03/22 10/05/22 09/08/22 08/11/22 15/03/23 09/05/23 09/08/23 14/11/23 06/03/24 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 74.4 - 463 - 172 84.6 -
Net Cash position 1 - - 247 - - - - 141
Leverage (Debt/EBITDA) - 1.23 x - 3.24 x - 0.8965 x 0.4035 x -
Free Cash Flow 1 25 46.6 80.8 17.6 - 107 133 156
ROE (net income / shareholders' equity) - 10.7% 4.46% 3.77% - 19.7% 20.5% 20.3%
ROA (Net income/ Total Assets) - -0.58% 1.53% 1.26% - - - -
Assets 1 - 720.6 1,045 1,809 - - - -
Book Value Per Share 2 - - 2.860 2.870 - 3.410 3.980 4.650
Cash Flow per Share 2 - - - 0.1900 - 0.7500 0.8100 0.9000
Capex 1 1.8 4.99 6.31 23.9 - 12 12 -
Capex / Sales 0.26% 0.53% 0.41% 0.95% - 0.43% 0.41% -
Announcement Date 01/04/20 09/03/21 22/03/22 15/03/23 06/03/24 - - -
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Converge Technology Solutions Corp.

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
5.5 CAD
Average target price
6.773 CAD
Spread / Average Target
+23.14%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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