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Converge Technology Solutions Corp
TSX:CTS

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Converge Technology Solutions Corp
TSX:CTS
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Price: 5.46 CAD 1.3% Market Closed
Updated: Apr 20, 2024

Intrinsic Value

Converge Technology Solutions Corp. engages in combining accelerators and foundational infrastructure solutions to deliver best-of-breed solutions and services to customers. [ Read More ]

The intrinsic value of one CTS stock under the Base Case scenario is 6.77 CAD. Compared to the current market price of 5.46 CAD, Converge Technology Solutions Corp is Undervalued by 19%.

Key Points:
CTS Intrinsic Value
Base Case
6.77 CAD
Undervaluation 19%
Intrinsic Value
Price
C
Worst Case
Base Case
Best Case

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Converge Technology Solutions Corp

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Fundamental Analysis

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Converge Technology Solutions Corp

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of Converge Technology Solutions Corp against its competitors.

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(gross, operating, and net) of Converge Technology Solutions Corp compared to its peers.

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Financials

Balance Sheet Decomposition
Converge Technology Solutions Corp

Current Assets 1.1B
Cash & Short-Term Investments 169.9m
Receivables 814.2m
Other Current Assets 100.2m
Non-Current Assets 1.1B
PP&E 75.5m
Intangibles 940m
Other Non-Current Assets 53.6m
Current Liabilities 1B
Accounts Payable 914m
Other Current Liabilities 124.4m
Non-Current Liabilities 528.8m
Long-Term Debt 414.7m
Other Non-Current Liabilities 114.1m
Efficiency

Earnings Waterfall
Converge Technology Solutions Corp

Revenue
2.7B CAD
Cost of Revenue
-2B CAD
Gross Profit
702.9m CAD
Operating Expenses
-656.3m CAD
Operating Income
46.6m CAD
Other Expenses
-48.1m CAD
Net Income
-1.4m CAD

Free Cash Flow Analysis
Converge Technology Solutions Corp

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Fundamental Scores

CTS Profitability Score
Profitability Due Diligence

Converge Technology Solutions Corp's profitability score is 49/100. The higher the profitability score, the more profitable the company is.

Exceptional 3-Years Revenue Growth
Positive Gross Profit
Exceptional 1-Year Revenue Growth
Positive Free Cash Flow
49/100
Profitability
Score

Converge Technology Solutions Corp's profitability score is 49/100. 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 37/100. The higher the solvency score, the more solvent the company is.

Low D/E
Long-Term Solvency
Short-Term Solvency
Positive Net Debt
37/100
Solvency
Score

Converge Technology Solutions Corp's solvency score is 37/100. 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 6.96 CAD with a low forecast of 5.05 CAD and a high forecast of 9.45 CAD.

Lowest
Price Target
5.05 CAD
8% Downside
Average
Price Target
6.96 CAD
28% Upside
Highest
Price Target
9.45 CAD
73% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

CTS Price
Converge Technology Solutions Corp

1M 1M
-6%
6M 6M
+99%
1Y 1Y
+50%
3Y 3Y
+5%
5Y 5Y
+293%
10Y 10Y
+1 720%
Annual Price Range
5.46
52w Low
2.33
52w High
6
Price Metrics
Average Annual Return 77.07%
Standard Deviation of Annual Returns 131.36%
Max Drawdown -82%
Shares Statistics
Market Capitalization 1.1B CAD
Shares Outstanding 203 411 000
Percentage of Shares Shorted 0.74%

CTS Return Decomposition
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Company Profile

Converge Technology Solutions Corp

Country

Canada

Industry

Technology

Market Cap

1.1B CAD

Dividend Yield

0.74%

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
https://convergetp.com/

IPO

2018-04-30

Employees

-

Officers

Chief Executive Officer
Mr. Greg Berard
Chief Legal Officer
Ms. Julianne Belaga
Group CEO & Director
Mr. Shaun Peter Maine
Chief Revenue Officer
Mr. John G. Teltsch Jr.
Chief Financial Officer
Mr. Avjitpal Kamboj
COO & Chief Information Officer
Mr. Cory Reid
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Vice President of Marketing
Ms. Karie Timion
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 6.77 CAD.

Is CTS stock undervalued or overvalued?

Compared to the current market price of 5.46 CAD, Converge Technology Solutions Corp is Undervalued by 19%.