C

Converge Technology Solutions Corp
TSX:CTS

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Converge Technology Solutions Corp
TSX:CTS
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Price: 3.64 CAD 0.28% Market Closed
Market Cap: 708.9m CAD
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Intrinsic Value

The intrinsic value of one CTS stock under the Base Case scenario is 6.25 CAD. Compared to the current market price of 3.64 CAD, Converge Technology Solutions Corp is Undervalued by 42%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

CTS Intrinsic Value
6.25 CAD
Undervaluation 42%
Intrinsic Value
Price
C
Worst Case
Base Case
Best Case

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Converge Technology Solutions Corp

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Converge Technology Solutions Corp

Current Assets 1.2B
Cash & Short-Term Investments 173.8m
Receivables 882.4m
Other Current Assets 116.2m
Non-Current Assets 892.2m
Long-Term Investments 29.9m
PP&E 68.9m
Intangibles 678.1m
Other Non-Current Assets 115.3m
Current Liabilities 1.3B
Accounts Payable 1.2B
Other Current Liabilities 111.1m
Non-Current Liabilities 410.2m
Long-Term Debt 351.8m
Other Non-Current Liabilities 58.4m
Efficiency

Earnings Waterfall
Converge Technology Solutions Corp

Revenue
2.6B CAD
Cost of Revenue
-1.9B CAD
Gross Profit
710.2m CAD
Operating Expenses
-656m CAD
Operating Income
54.2m CAD
Other Expenses
-215.4m CAD
Net Income
-161.2m CAD

Free Cash Flow Analysis
Converge Technology Solutions Corp

Last Value
3-Years Average
FCF Margin
Conversion Rate
Fundamental Scores

CTS Profitability Score
Profitability Due Diligence

Converge Technology Solutions Corp's profitability score is 44/100. The higher the profitability score, the more profitable the company is.

Exceptional 3-Years Revenue Growth
Positive Gross Profit
Positive Free Cash Flow
Positive 1-Year Revenue Growth
44/100
Profitability
Score

Converge Technology Solutions Corp's profitability score is 44/100. The higher the profitability score, the more profitable the company is.

CTS Solvency Score
Solvency Due Diligence

Converge Technology Solutions Corp's solvency score is 35/100. The higher the solvency score, the more solvent the company is.

Low D/E
Long-Term Solvency
Positive Net Debt
Short-Term Solvency
35/100
Solvency
Score

Converge Technology Solutions Corp's solvency score is 35/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

CTS Price Targets Summary
Converge Technology Solutions Corp

Wall Street analysts forecast CTS stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for CTS is 6.37 CAD with a low forecast of 2.73 CAD and a high forecast of 9.45 CAD.

Lowest
Price Target
2.73 CAD
25% Downside
Average
Price Target
6.37 CAD
75% Upside
Highest
Price Target
9.45 CAD
160% Upside
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Dividends

Dividend Yield
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Dividend Per Share
N/A
Growth 3Y
Growth 5Y
Growth 10Y
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Shareholder Yield

Current shareholder yield for CTS is .

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Debt Paydown Yield
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Profile

Converge Technology Solutions Corp

Country

Canada

Industry

Technology

Market Cap

711.3m CAD

Dividend Yield

1.65%

Description

Converge Technology Solutions Corp. engages in combining accelerators and foundational infrastructure solutions to deliver best-of-breed solutions and services to customers. The company is headquartered in Toronto, Ontario. The company went IPO on 2018-04-30. The firm offers Hybrid IT solutions to assist them in their provision of multi-cloud solutions, blockchain and resiliency services, which enables the Company to address the business and IT issues that public and private-sector organizations face. The Company’s regional sales and services organizations deliver advanced analytics, cloud, cybersecurity, digital infrastructure and managed services offerings. The firm supports these solutions and digital infrastructure offerings across all IT vendors in the marketplace.

Contact

ONTARIO
TORONTO
161 Bay St Suite 2325
+14163603995.0
convergetp.com

IPO

2018-04-30

Employees

-

Officers

Group CEO & Director
Mr. Shaun Peter Maine
Chief Executive Officer
Mr. Greg Berard
Chief Financial Officer
Mr. Avjitpal Kamboj
COO & Chief Information Officer
Mr. Cory Reid
Chief Revenue Officer
Mr. John G. Teltsch Jr.
Chief Legal Officer
Ms. Julianne Belaga
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Chief Marketing Officer
Ms. Emily Harnish
Executive Vice President of People Operations
Ms. Rhonda Hanes
Executive Vice President of Strategy & Solutions
Mr. David Luftig
Executive Vice President of Hybrid Platforms
Ms. Emily Martin
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See Also

Discover More
What is the Intrinsic Value of one CTS stock?

The intrinsic value of one CTS stock under the Base Case scenario is 6.25 CAD.

Is CTS stock undervalued or overvalued?

Compared to the current market price of 3.64 CAD, Converge Technology Solutions Corp is Undervalued by 42%.

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