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Converge Technology Solutions Corp

Technology CA CTS

5.53CAD
0.15(2.79%)

Last update at 2024-05-06T20:00:00Z

Day Range

5.345.55
LowHigh

52 Week Range

2.246.18
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 18.79M 23.97M -2.50100M -12.75700M -15.58800M
Minority interest -4.43900M -0.42000M - - -
Net income 22.84M 15.95M -4.17500M -10.84000M -18.23600M
Selling general administrative 421.94M 259.49M 181.41M 134.87M 74.45M
Selling and marketing expenses 0.24M 0.34M 0.42M 2.08M 1.20M
Gross profit 550.77M 345.70M 233.01M 161.59M 89.97M
Reconciled depreciation 80.06M 39.59M 27.05M 17.89M 6.96M
Ebit 70.99M 48.11M 24.41M 17.87M 1.99M
Ebitda 151.06M 87.69M 51.46M 35.76M 8.95M
Depreciation and amortization 80.06M 39.59M 27.05M 17.89M 6.96M
Non operating income net other - - - - -
Operating income 70.99M 48.11M 24.41M 17.87M 1.99M
Other operating expenses 2110.69M 1477.76M 919.08M 676.22M 449.98M
Interest expense 19.86M 7.80M 19.67M 30.63M 7.55M
Tax provision -4.05900M 7.61M 1.67M -1.91700M 2.65M
Interest income 0.28M 7.80M 19.67M 16.03M 7.55M
Net interest income -23.20200M -9.15100M -23.36400M -16.02600M -7.54900M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense -4.05900M 7.61M 1.67M -1.91700M 2.65M
Total revenue 2164.65M 1527.84M 948.80M 687.80M 459.19M
Total operating expenses 496.81M 295.62M 203.29M 150.01M 80.75M
Cost of revenue 1613.88M 1182.14M 715.79M 526.21M 369.22M
Total other income expense net -52.20800M -24.13200M -26.91500M -30.62800M -17.57900M
Discontinued operations - - - - -
Net income from continuing ops 22.84M 16.37M -4.17500M -10.84000M -18.23600M
Net income applicable to common shares 27.28M 15.95M -4.17500M -10.84000M -18.23600M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 2248.88M 1368.84M 720.62M 488.88M 256.30M
Intangible assets 463.75M 233.59M 108.92M 92.05M 46.03M
Earning assets - - - - -
Other current assets 28.28M 11.76M 10.38M 23.08M 10.00M
Total liab 1618.07M 720.01M 618.87M 498.76M 260.80M
Total stockholder equity 599.91M 613.49M 101.75M -9.87700M -4.50400M
Deferred long term liab - - - - -
Other current liab 131.04M 43.38M 22.89M 36.39M 19.88M
Common stock 595.02M 633.49M 135.35M 20.61M 17.83M
Capital stock 595.02M 633.49M 135.35M 20.61M 17.83M
Retained earnings -18.44100M -25.05000M -39.27700M -37.88100M -22.42700M
Other liab 142.32M 117.43M 33.40M 26.08M 7.93M
Good will 563.85M 323.28M 110.07M 80.27M 32.61M
Other assets 4.65M 0.62M 0.00100M 1.95M 7.44M
Cash 159.89M 248.19M 64.77M 20.59M 10.48M
Cash and equivalents - - - - -
Total current liabilities 1437.91M 591.22M 571.55M 445.21M 236.71M
Current deferred revenue 60.21M 27.58M 17.38M 9.74M 4.63M
Net debt 261.84M -246.96500M 74.40M 144.85M 78.01M
Short term debt 421.73M 0.82M 133.28M 150.87M 75.99M
Short long term debt 421.73M 0.82M 133.28M 150.87M 75.99M
Short long term debt total 421.73M 1.23M 139.16M 165.44M 88.49M
Other stockholder equity 9.62M 4.72M 4.85M 7.32M 0.81M
Property plant equipment 88.35M 30.64M 23.56M 27.43M 7.36M
Total current assets 1128.28M 780.71M 477.32M 287.18M 162.85M
Long term investments - - - - -
Net tangible assets -427.68900M 56.62M -117.24700M -182.19500M -83.15100M
Short term investments - - - - -
Net receivables 781.68M 416.50M 364.31M 220.14M 129.98M
Long term debt 0.00000M 0.41M 5.88M 14.57M 12.50M
Inventory 158.43M 104.25M 37.87M 23.38M 12.39M
Accounts payable 824.92M 519.43M 398.00M 248.22M 136.21M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 13.71M 0.33M 0.82M 0.07M -0.71500M
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 4.65M 0.62M 0.75M 1.95M 7.44M
Deferred long term asset charges - - - - -
Non current assets total 1120.60M 588.13M 243.30M 201.70M 93.45M
Capital lease obligations - - - - -
Long term debt total 37.84M 11.36M 13.92M 27.46M 12.50M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -463.42600M -277.80200M -66.59200M -66.76800M -33.66200M
Change to liabilities 30.73M 31.18M 131.15M 44.85M 83.64M
Total cashflows from investing activities -463.42600M -277.80200M -66.59200M -62.85100M -43.06100M
Net borrowings 392.11M -149.95700M -36.19300M 63.72M 43.08M
Total cash from financing activities 336.31M 371.38M 58.54M 52.41M 35.60M
Change to operating activities 0.50M 0.99M 5.89M -12.43000M -5.67400M
Net income 22.84M 16.37M -4.17500M -10.84000M -18.23600M
Change in cash -88.30300M 183.43M 44.18M 10.11M 2.70M
Begin period cash flow 248.19M 64.77M 20.59M 10.48M 7.79M
End period cash flow 159.89M 248.19M 64.77M 20.59M 10.48M
Total cash from operating activities 41.59M 87.06M 51.60M 26.81M 1.07M
Issuance of capital stock 0.00000M 493.88M 103.60M 2.34M 12.23M
Depreciation 80.06M 39.59M 27.05M 17.89M 6.96M
Other cashflows from investing activities -439.48400M -271.49200M -61.60100M -3.83700M -6.50000M
Dividends paid 1.08M 1.08M 1117.37M 1.08M 0.00000M
Change to inventory 38.15M -56.54500M -10.89000M -7.73300M -1.22900M
Change to account receivables -125.83800M 37.05M -114.00000M -32.76400M -82.03300M
Sale purchase of stock -40.00000M 493.88M -2.12500M 2.34M 12.23M
Other cashflows from financing activities 389.92M 27.46M 1125.48M 879.87M 247.90M
Change to netincome 11.41M 23.90M 22.47M 15.41M 17.64M
Capital expenditures 23.94M 6.31M 4.99M 1.80M 2.28M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -77.17000M 7.63M 6.26M 4.36M -4.60500M
Stock based compensation 5.59M 2.33M - - -
Other non cash items 14.31M 13.55M 20.80M 17.32M 14.30M
Free cash flow 17.64M 80.75M 46.61M 25.01M -1.20800M

Fundamentals

  • Previous Close 5.38
  • Market Cap792.84M
  • Volume457657
  • P/E Ratio-
  • Dividend Yield1.07%
  • EBITDA151.58M
  • Revenue TTM2695.04M
  • Revenue Per Share TTM12.97
  • Gross Profit TTM 550.77M
  • Diluted EPS TTM-0.05

Peer Comparison

Sector: Technology Industry: Information Technology Services

Company 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)
CTS
Converge Technology Solutions Corp		 0.15 2.79% 5.53 - 6.45 0.29 1.31 0.40 8.43
ALYA
Alithya Group inc Class A		 0.05 2.37% 2.16 - 79.37 0.37 1.09 0.64 54.09

Reports Covered

Stock Research & News

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Profile

Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions in the United States and Canada. Its solutions approach delivers advanced analytics, application modernization, cloud, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. The company also offers managed and talent services, and hardware and software products and solutions. Converge Technology Solutions Corp. was incorporated in 2016 and is headquartered in Gatineau, Canada.

Converge Technology Solutions Corp

85 rue Victoria, Gatineau, QC, Canada, J8X 2A3

Key Executives

Name Title Year Born
Mr. Shaun Peter Maine CEO & Director NA
Mr. Greg Berard Pres & North American CEO NA
Mr. Cory Reid COO & Chief Information Officer NA
Ms. Julianne Belaga Chief Legal Officer NA
Mr. Richard A. Lecoutre Global Chief Financial Officer NA
Mr. Don Cuthbertson CTO & Pres of Canada NA
Ms. Karie Timion VP of Marketing NA
Ms. Rhonda Hanes VP of People Operations NA
Mr. Tommy Whatley Exec. VP of Services & Vendor Alliances NA
Ms. Cari Hash Sr. VP of Enterprise Sales NA

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