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ProntoForms Corp
XTSX:PFM

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ProntoForms Corp Logo
ProntoForms Corp
XTSX:PFM
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Price: 0.79 CAD 6.76% Market Closed
Updated: Mar 28, 2024

Intrinsic Value

ProntoForms Corp. engages in the field-focused low-code application platforms for enterprise. [ Read More ]

The intrinsic value of one PFM stock under the Base Case scenario is 0.42 CAD. Compared to the current market price of 0.79 CAD, ProntoForms Corp is Overvalued by 47%.

Key Points:
PFM Intrinsic Value
Base Case
0.42 CAD
Overvaluation 47%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
ProntoForms Corp

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Fundamental Analysis

Revenue Growth and Path to Profitability
2023-Q3 Earnings Call

Revenue Growth and Path to Profitability

In Q3 2023, the company reported a total revenue of $6.2 million, marking a 13% increase compared to the previous year. Recurring revenue climbed by 14% from the previous year, while professional services revenue for the first 9 months rose by 40%. With a gross margin on total revenue at 87%, the company reduced its operating expenses by 11% from the previous quarter, resulting in a $221,000 operating loss—an improvement from a $970,000 loss in Q2. Achieving non-GAAP operating breakeven reflects a nearly $700,000 improvement and signals a strong focus on sustainable profitability, supported by a $600,000 reduction in cash operating costs from the last quarter. Significant engagements, such as adding multi-language functionality for enterprise customers, contribute to the growth, alongside a disciplined investment strategy in the face of extended sales cycles owing to macroeconomic challenges. Cash flows are expected to improve, aligning with Q4 seasonality.

Financials

Balance Sheet Decomposition
ProntoForms Corp

Current Assets 11.3m
Cash & Short-Term Investments 6.3m
Receivables 2.7m
Other Current Assets 2.4m
Non-Current Assets 1.9m
PP&E 1.4m
Other Non-Current Assets 460.6k
Current Liabilities 10.2m
Accounts Payable 2.7m
Other Current Liabilities 7.5m
Non-Current Liabilities 7.3m
Long-Term Debt 7.1m
Other Non-Current Liabilities 260.3k
Efficiency

Earnings Waterfall
ProntoForms Corp

Revenue
23m USD
Cost of Revenue
-3.2m USD
Gross Profit
19.8m USD
Operating Expenses
-23.3m USD
Operating Income
-3.5m USD
Other Expenses
-318.2k USD
Net Income
-3.8m USD

Free Cash Flow Analysis
ProntoForms Corp

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

PFM Profitability Score
Profitability Due Diligence

ProntoForms Corp's profitability score is 32/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Exceptional ROE
ROE is Increasing
Positive 3-Years Revenue Growth
32/100
Profitability
Score

ProntoForms Corp's profitability score is 32/100. The higher the profitability score, the more profitable the company is.

PFM Solvency Score
Solvency Due Diligence

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

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

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

Wall St
Price Targets

PFM Price Targets Summary
ProntoForms Corp

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

According to Wall Street analysts, the average 1-year price target for PFM is 1.04 CAD .

Lowest
Price Target
Not Available
Average
Price Target
1.04 CAD
32% Upside
Highest
Price Target
Not Available
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

PFM Price
ProntoForms Corp

1M 1M
-
6M 6M
+41%
1Y 1Y
+55%
3Y 3Y
-31%
5Y 5Y
+46%
10Y 10Y
+147%
Annual Price Range
0.79
52w Low
0.45
52w High
0.79
Price Metrics
Average Annual Return 5.51%
Standard Deviation of Annual Returns 52.18%
Max Drawdown -76%
Shares Statistics
Market Capitalization 105.1m CAD
Shares Outstanding 133 459 208
Percentage of Shares Shorted
N/A

PFM Return Decomposition
Main factors of price return

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Company Profile

ProntoForms Corp Logo
ProntoForms Corp

Country

Canada

Industry

Technology

Market Cap

105.1m CAD

Dividend Yield

0%

Description

ProntoForms Corp. engages in the field-focused low-code application platforms for enterprise. The company is headquartered in Kanata, Ontario. The company went IPO on 2007-05-22. The firm provides field-focused low-code application platforms for enterprises. The firm's solution is used to create applications and forms to collect and analyze field data with smartphones and tablets. Its solution capabilities include app & form builder, ProntoForms app, workflows, integrations and reporting and analytics. The company provides field service management, safety management, fleet management and enterprise asset management. The company serves various industries, such as heavy manufacturing, medical device manufacturing, oil and gas and utilities. The firm's subsidiaries include ProntoForms Inc., TrueContext Limited and TrueContext Incorporated.

Contact

ONTARIO
Kanata
250-2500 Solandt Rd
+16135998288.0
https://www.prontoforms.com/

IPO

2007-05-22

Employees

-

Officers

Founder, CEO, Pres & Director
Mr. Alvaro Pombo
Chief Financial Officer
Mr. David Croucher CA, CPA, (Illinois)
Chief Product Officer
Mr. Glenn Michael Chenier
Sr. VP of Bus. Devel.
Mr. Mansell Nelson
Chief Revenue Officer
Mr. Michael Kramer
VP of Client Issues & Operations
Mr. Aly Mawani
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Gen. Counsel
Ms. Cindy McGann
VP of Marketing
Mr. Mark Scott
VP of People & Culture
Ms. Lisa Scian
Show Less

See Also

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

The intrinsic value of one PFM stock under the Base Case scenario is 0.42 CAD.

Is PFM stock undervalued or overvalued?

Compared to the current market price of 0.79 CAD, ProntoForms Corp is Overvalued by 47%.