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Calian Group Ltd. provides business services and solutions in Canada and internationally. It operates through four segments: Advanced Technologies, Health, Learning, and IT and Cyber Solutions. The company offers communication and connectivity products, such as antennas, RF solutions, software solutions, GNSS, satellite flight operations, and carrier and spectrum monitoring; and cybersecurity solutions, including risk assessment and compliance, penetration testing, IT infrastructure protection, penetration testing, cybersecurity training and awareness, RF emissions security, cyberattack simulations, incident response services, and cloud security services. It also provides enterprise IT solutions comprising managed IT services, 24/7 help desk outsourcing, managed XDR security, hardware asset management, and NOC services; healthcare, pharmaceutical solutions, and digital health solutions; and corporate training, immersive and blended learning, and instructor-led learning solutions. In addition, the company offers composites manufacturing, circuit card assembly, wiring harnesses and cables, fibreglass canopies, and product assembly services; custom software, integration and embedded design, operational management and lifecycle support, modelling and simulation-enabled design, composites engineering and technology, research and development, qualification testing, and asset management services; and emergency response and emergency resilience, hazard-informed risk assessment, emergency response plans, and after-action review solutions. It serves defense, health, transportation, agriculture, government and public service, public safety and security, energy, resources and environment, space, retail and hospitality, manufacturing, and network and communication infrastructure industries. The company was formerly known as Calian Technologies Ltd. and changed its name to Calian Group Ltd. in April 2016. The company was incorporated in 1982 and is based in Ottawa, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Calian Technologies is a Canadian services firm that provides systems engineering, IT and cybersecurity solutions, healthcare staffing, plus training and simulation to government and commercial clients. Long-term growth may be driven by defence and government contracts, sustained healthcare staffing demand, and rising corporate spending on digital and cybersecurity services; its contract-based, diversified revenue mix appears positioned to generate recurring cash and support inorganic growth.
Key risks include dependence on large public-sector contract renewals, competition for specialized talent, acquisition execution and integration risk, and exposure to public spending and regulatory shifts.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
| Income before tax | 25.50M | 22.32M | 29.96M | 24.16M | 17.71M |
| Net income | 20.56M | 11.18M | 18.89M | 13.60M | 11.15M |
| Selling general administrative | 173.58M | 101.40M | 126.77M | 65.41M | 53.45M |
| Selling and marketing expenses | - | 55.12M | - | 32.51M | 16.33M |
| Gross profit | 259.29M | 254.01M | 204.21M | 169.23M | 126.74M |
| Reconciled depreciation | 46.70M | 41.83M | 28.42M | 31.16M | 19.07M |
| Ebit | 34.09M | 28.95M | - | 30.46M | 28.85M |
| Ebitda | 80.79M | 70.78M | - | 61.62M | 47.92M |
| Depreciation and amortization | 46.70M | 41.83M | - | 31.16M | 19.07M |
| Operating income | 27.21M | 43.71M | 37.57M | 30.46M | 28.85M |
| Other operating expenses | 746.90M | 702.90M | - | 547.40M | 485.55M |
| Interest expense | 8.60M | 6.63M | 0.90M | 0.75M | 0.81M |
| Tax provision | 4.94M | 11.14M | 11.08M | 10.55M | 6.55M |
| Interest income | 8.22M | 6.43M | - | 0.75M | 0.81M |
| Net interest income | -8.60M | -6.63M | -0.90M | -0.75M | -0.81M |
| Income tax expense | 4.94M | 11.14M | - | 10.55M | 6.55M |
| Total revenue | 774.11M | 746.61M | 658.58M | 582.17M | 518.40M |
| Total operating expenses | 232.07M | 210.31M | 621.01M | 134.45M | 93.88M |
| Cost of revenue | 514.82M | 492.60M | 454.37M | 412.95M | 391.67M |
| Total other income expense net | -1.72M | -21.39M | -6.71M | -6.30M | -11.15M |
| Net income from continuing ops | 20.56M | 11.18M | 18.89M | 13.60M | 11.15M |
| Net income applicable to common shares | 20.56M | 11.18M | - | 13.60M | 11.15M |
| Breakdown | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
| Total assets | 721.50M | 707.92M | 585.72M | 547.16M | 457.97M |
| Intangible assets | 118.00M | 130.00M | 85.67M | 69.67M | 65.75M |
| Other current assets | 23.02M | - | - | 23.90M | 10.50M |
| Total liab | 400.22M | 381.17M | 257.35M | 241.98M | 165.61M |
| Total stockholder equity | 321.28M | 326.75M | 328.37M | 305.19M | 292.36M |
| Deferred long term liab | - | - | - | 2.19M | 3.22M |
| Other current liab | 52.95M | 39.23M | 11.62M | 62.18M | 51.16M |
| Common stock | 220.34M | - | - | 213.28M | 194.96M |
| Capital stock | 220.34M | 225.75M | 225.54M | 213.28M | 194.96M |
| Retained earnings | 84.36M | 91.27M | 96.86M | 92.20M | 91.36M |
| Other liab | - | - | - | 15.40M | 29.98M |
| Good will | 224.48M | 210.39M | 159.13M | 145.96M | 100.10M |
| Other assets | - | - | - | 3.24M | 4.69M |
| Cash | 46.10M | 51.79M | 33.73M | 42.65M | 78.61M |
| Cash and equivalents | - | - | - | 42.65M | 78.61M |
| Total current liabilities | 198.22M | 214.56M | 195.14M | 211.66M | 121.18M |
| Current deferred revenue | 39.65M | - | - | 46.21M | 23.32M |
| Net debt | 128.10M | 37.96M | 4.02M | -16.11M | -61.13M |
| Short term debt | 5.82M | - | - | 11.62M | 3.03M |
| Short long term debt | - | - | 37.75M | 7.50M | - |
| Short long term debt total | 174.20M | - | - | 26.54M | 17.48M |
| Other stockholder equity | 7.31M | - | - | 3.48M | 5.22M |
| Property plant equipment | - | - | - | 33.30M | 27.79M |
| Total current assets | 293.01M | 276.81M | 264.54M | 296.51M | 262.17M |
| Long term investments | 4.25M | 3.88M | 3.67M | 0.67M | 0.67M |
| Net tangible assets | - | - | - | 91.75M | 129.72M |
| Net receivables | 171.15M | 151.02M | 173.05M | 171.45M | 111.14M |
| Long term debt | 130.75M | 89.75M | - | - | - |
| Inventory | 52.74M | 43.64M | 38.56M | 58.51M | 61.92M |
| Accounts payable | 98.21M | 89.93M | - | 91.65M | 43.67M |
| Accumulated other comprehensive income | 9.26M | - | - | -3.77M | 0.82M |
| Non currrent assets other | 6.01M | - | - | - | - |
| Non current assets total | 428.49M | 431.11M | 321.18M | 250.65M | 195.79M |
| Capital lease obligations | 43.45M | 39.44M | 37.01M | 19.04M | 17.48M |
| Long term debt total | - | - | - | 14.92M | 14.45M |
| Breakdown | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
| Investments | -49.69M | -99.67M | -79.62M | -72.89M | -56.61M |
| Change to liabilities | - | - | - | 26.48M | 0.40M |
| Total cashflows from investing activities | -49.69M | -99.67M | - | -72.89M | -56.61M |
| Net borrowings | 34.59M | 46.71M | - | 3.85M | -3.03M |
| Total cash from financing activities | -1.43M | 30.50M | 13.94M | -6.21M | 64.44M |
| Change to operating activities | - | - | - | -20.14M | -2.75M |
| Net income | 20.56M | 11.18M | 18.89M | 13.60M | 11.15M |
| Change in cash | -5.69M | 18.05M | -8.91M | -35.97M | 54.38M |
| Begin period cash flow | 51.79M | 33.73M | 42.65M | 78.61M | 24.23M |
| End period cash flow | 46.10M | 51.79M | 33.73M | 42.65M | 78.61M |
| Total cash from operating activities | 45.43M | 87.22M | 56.77M | 43.14M | 46.54M |
| Issuance of capital stock | 2.45M | 2.79M | 2.90M | 2.71M | 79.30M |
| Depreciation | 46.70M | 41.83M | 28.42M | 31.16M | 19.07M |
| Other cashflows from investing activities | -39.09M | -87.86M | - | -65.57M | -48.76M |
| Dividends paid | -12.97M | -13.35M | 13.16M | 12.77M | 11.83M |
| Change to inventory | -8.61M | 0.29M | 19.95M | 11.10M | 30.49M |
| Change to account receivables | -7.40M | 17.62M | 1.39M | -28.82M | -24.11M |
| Sale purchase of stock | -25.51M | -5.65M | -1.67M | 2.71M | 79.30M |
| Other cashflows from financing activities | - | -5.29M | - | 7.50M | -56.61M |
| Change to netincome | - | - | - | 16.24M | 12.29M |
| Capital expenditures | 10.60M | 11.80M | 8.44M | 7.33M | 7.85M |
| Change in working capital | -5.22M | 17.18M | 3.49M | -11.38M | 4.02M |
| Stock based compensation | 4.51M | 4.37M | 3.87M | 2.44M | 2.33M |
| Other non cash items | -26.05M | 1.52M | 4.99M | -3.24M | 3.41M |
| Free cash flow | 34.84M | 75.42M | 48.34M | 35.82M | 38.69M |
Sector: Industrials Industry: Specialty Business Services
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| CGY Calian Technologies Ltd |
2.16 2.59% |
85.50 | 31.41 | 16.50 | 1.02 | 2.54 | 1.21 | 10.99 |
| TRI Thomson Reuters Corp |
-12.32 7.23% |
158.09 | 29.30 | 21.14 | 7.86 | 3.53 | 5.88 | 14.42 |
| RBA RB Global |
-0.26 0.20% |
130.60 | 50.85 | 23.64 | 5.75 | 3.45 | 5.12 | 17.13 |
| DXT Dexterra Group Inc |
0.56 2.96% |
19.64 | 18.32 | 15.38 | 0.71 | 2.64 | 0.93 | 8.97 |
| DIV Diversified Royalty Corp |
-0.02 0.48% |
4.14 | 20.29 | 18.69 | 10.29 | 2.55 | 14.36 | 14.84 |
Calian Group Ltd. provides business services and solutions in Canada and internationally. It operates through four segments: Advanced Technologies, Health, Learning, and IT and Cyber Solutions. The company offers communication and connectivity products, such as antennas, RF solutions, software solutions, GNSS, satellite flight operations, and carrier and spectrum monitoring; and cybersecurity solutions, including risk assessment and compliance, penetration testing, IT infrastructure protection, penetration testing, cybersecurity training and awareness, RF emissions security, cyberattack simulations, incident response services, and cloud security services. It also provides enterprise IT solutions comprising managed IT services, 24/7 help desk outsourcing, managed XDR security, hardware asset management, and NOC services; healthcare, pharmaceutical solutions, and digital health solutions; and corporate training, immersive and blended learning, and instructor-led learning solutions. In addition, the company offers composites manufacturing, circuit card assembly, wiring harnesses and cables, fibreglass canopies, and product assembly services; custom software, integration and embedded design, operational management and lifecycle support, modelling and simulation-enabled design, composites engineering and technology, research and development, qualification testing, and asset management services; and emergency response and emergency resilience, hazard-informed risk assessment, emergency response plans, and after-action review solutions. It serves defense, health, transportation, agriculture, government and public service, public safety and security, energy, resources and environment, space, retail and hospitality, manufacturing, and network and communication infrastructure industries. The company was formerly known as Calian Technologies Ltd. and changed its name to Calian Group Ltd. in April 2016. The company was incorporated in 1982 and is based in Ottawa, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Kevin Ford | Pres, CEO & Director | NA |
| Mr. Patrick Houston C.A., CPA | CFO & Corp. Sec. | NA |
| Mr. Seann Hamer | Chief Technology Officer | NA |
| Mr. Patrick Joseph Thera | Pres of Advanced Technologies | NA |
| Mr. Michael Muldner | Chief Information Officer | NA |
| Ms. Jennifer F. McCaughey C.F.A. | Director of Investor Relations | NA |
| Ms. Sue Ivay | Chief HR Officer | NA |
| Mr. Donald Whitty | Pres of Learning | NA |
| Mr. Gordon McDonald P.Eng. | Pres of Health Services | NA |
| Ms. Michele Bedford | Chief Commercial Officer | NA |
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