View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest Eventsmdf commerce 将来の成長Future 基準チェック /06mdf commerceは、59.2%と4.1%でそれぞれ年率59.2%で利益と収益が成長すると予測される一方、EPSはgrowで113.1%年率。主要情報59.2%収益成長率113.05%EPS成長率Interactive Media and Services 収益成長29.8%収益成長率4.1%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日17 May 2024今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesお知らせ • Jul 09mdf commerce inc. acquired EcoInteractive, Inc. from Alpine SG, LLC.mdf commerce inc. acquired EcoInteractive, Inc. from Alpine SG, LLC on July 9, 2024. SEG Capital Advisors, LLC acted as financial advisor for EcoInteractive, Inc. William Blair & Company, L.L.C. acted as financial advisor for mdf commerce inc.mdf commerce inc. completed the acquisition of EcoInteractive, Inc. from Alpine SG, LLC on July 9, 2024.お知らせ • May 19Funds managed by Kohlberg Kravis Roberts & Co. L.P. completed the acquisition of mdf commerce inc. (TSX:MDF) from Long Path Partners L.P and others.Funds managed by Kohlberg Kravis Roberts & Co. L.P. entered into an arrangement agreement to acquire mdf commerce inc. (TSX:MDF) from Long Path Partners L.P and others for approximately CAD 260 million on March 11, 2024. As reported, mdf commerce shareholders will receive CAD 5.80 in cash per share, representing CAD 255 million in total equity value. KKR has obtained an equity commitment letter in an aggregate amount in cash equal to CAD 275 million to fund the consideration. Upon completion of the transaction, mdf commerce will become a privately held company. Upon closing of the Transaction, KKR intends to cause the Common Shares to be delisted from the TSX. A termination fee of CAD 7.65 million would be payable by mdf to KKR in certain circumstances, in case of termination of agreement. KKR shall pay a reverse termination fee to mdf in an amount equal to CAD 7.65 million in case of termination event. The transaction is subject to the receipt of the required approvals from mdf’s shareholders, the Interim Order and the Final Order have each been obtained, certain regulatory approvals including HSR Act Clearance, the shareholders shall not have exercised their Dissent Rights in connection with the arrangement with respect to more than 10% of the issued and outstanding shares, as well as the satisfaction of other customary closing conditions. The transaction is not subject to any financing condition and KKR is providing an equity-back stop for all the Consideration payable pursuant to the transaction. The mdf Board unanimously recommends that shareholders vote in favour of the transaction. The special meeting of mdf’s shareholders will be held on May 10, 2024. As of May 15, 2024, the transaction was approved by the court. The transaction is expected to close in the second quarter of calendar 2024. As of May 10, 2024, the transaction was approved by the target's shareholders and expected to close on or about May 17, 2024. Scotia Capital Inc. and Desjardins Securities Inc. are acting as financial advisors and fairness opinion providers to the Board of Directors of mdf. Scotiabank and Desjardins provided a verbal opinion to the Board that the consideration to be received by the shareholders is fair. Hadrien Montagne of McCarthy Tétrault LLP and Rachael V. Martinez, Dovi Adlerstein, Gregory Husisian, Casey D. Knapp, Gregory E. Neppl, Aaron K. Tantleff and Jordan J. Bergmann of Foley & Lardner LLP are acting as legal advisors to mdf. Stikeman Elliott LLP and Soo-ah Nah, David Passey, Ken Young, Jonathan Stott, and Stephanie Haas of Dechert LLP are acting as legal advisors to KKR. Computershare Investor Services Inc. acted as transfer agent to mdf. William Blair & Company, L.L.C. acted as buy side advisor to KKR. Funds managed by Kohlberg Kravis Roberts & Co. L.P. completed the acquisition of mdf commerce inc. (TSX:MDF) from Long Path Partners L.P and others on March 17, 2024.お知らせ • May 18The Shares of mdf commerce Expects to Be Delisted from the Toronto Stock Exchange at the Close of Trading on or About May 22, 2024mdf commerce inc. announced the closing of the previously announced plan of arrangement under the Canada Business Corporations Act (the Arrangement) involving the Company and an entity affiliated with funds managed by KKR, a leading global investment firm. As a result of the Arrangement, the Shares are expected to be delisted from the Toronto Stock Exchange (TSX) at the close of trading on or about May 22, 2024. The Company intends to submit an application to cease to be a reporting issuer under applicable Canadian securities laws and to otherwise terminate the Company's public reporting requirements.お知らせ • May 11MDF Commerce Obtains Shareholder OK for Go-Private Deal and KKR Intends to Cause MDF Commerce's Shares to be Delisted from the Toronto Stock ExchangeAt mdf commerce Inc.'s special meeting of its shareholders held earlier May 10, 2024, an overwhelming majority of shareholders voted in favour of the special resolution approving the previously announced statutory plan of arrangement under the Canada Business Corporations Act involving the company and 9511-1357 Quebec Inc. (the purchaser), an entity affiliated with funds managed by KKR & Co. Inc. (NYSE:KKR), pursuant to which the purchaser will acquire all of the issued and outstanding common shares in the capital of the company for $5.80 in cash per share, the whole subject to the terms and conditions of the arrangement agreement dated March 11, 2024, between the company and the purchaser. Approval of the arrangement resolution required the affirmative vote of at least two-thirds (66 2/3 per cent) of the votes cast by shareholders virtually present or represented by proxy and entitled to vote at the meeting (each holder of shares being entitled to one vote per share). MDF anticipates returning to the Superior Court of Quebec (the ‘Court’) on May 15, 2024 to seek a final order of the Court approving the arrangement. Completion of the arrangement remains subject to closing conditions as set forth in the arrangement agreement, including approval of the Court. Assuming that the conditions to closing are satisfied or waived (if permitted), it is expected that the arrangement will be completed on or about May 17, 2024. Following completion of the arrangement, KKR intends to cause the shares to be delisted from the Toronto Stock Exchange (‘TSX’) and applications will be made for MDF to cease to be a reporting issuer under applicable securities laws.お知らせ • Mar 12+ 1 more updateKKR Intends to Delist Common Shares of mdf commerce from TSX Upon Closing of the TransactionMDF Commerce Inc. has entered into an arrangement agreement to be acquired by funds managed by KKR, a leading global investment firm, in an all-cash transaction. Upon completion of the Transaction, mdf commerce will become a privately held company. Upon closing of the Transaction, KKR intends to cause the Common Shares to be delisted from the TSX, and to cause the Company to submit an application to cease to be a reporting issuer under applicable Canadian securities laws.Reported Earnings • Feb 15Third quarter 2024 earnings released: CA$0.095 loss per share (vs CA$0.34 profit in 3Q 2023)Third quarter 2024 results: CA$0.095 loss per share (down from CA$0.34 profit in 3Q 2023). Revenue: CA$30.2m (down 4.6% from 3Q 2023). Net loss: CA$4.18m (down 128% from profit in 3Q 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Interactive Media and Services industry in Europe.New Risk • Feb 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 36% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 36% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.お知らせ • Jan 31mdf commerce inc. to Report Q3, 2024 Results on Feb 14, 2024mdf commerce inc. announced that they will report Q3, 2024 results on Feb 14, 2024Reported Earnings • Nov 09Second quarter 2024 earnings released: CA$0.018 loss per share (vs CA$2.04 loss in 2Q 2023)Second quarter 2024 results: CA$0.018 loss per share (improved from CA$2.04 loss in 2Q 2023). Revenue: CA$30.7m (down 7.4% from 2Q 2023). Net loss: CA$784.0k (loss narrowed 99% from 2Q 2023). Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 10.0% growth forecast for the Interactive Media and Services industry in Europe.お知らせ • Oct 14mdf commerce inc. to Report Q2, 2024 Results on Nov 08, 2023mdf commerce inc. announced that they will report Q2, 2024 results on Nov 08, 2023New Risk • Oct 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 52% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$27m). Share price has been volatile over the past 3 months (6.1% average weekly change).New Risk • Aug 13New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$27m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$27m free cash flow). Earnings have declined by 52% per year over the past 5 years.Reported Earnings • Aug 11First quarter 2024 earnings released: CA$0.12 loss per share (vs CA$0.14 loss in 1Q 2023)First quarter 2024 results: CA$0.12 loss per share (improved from CA$0.14 loss in 1Q 2023). Revenue: CA$31.0m (down 3.7% from 1Q 2023). Net loss: CA$5.12m (loss narrowed 19% from 1Q 2023). Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Interactive Media and Services industry in Germany.New Risk • Jul 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 54% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$30m). Currently unprofitable and not forecast to become profitable next year (CA$11m net loss next year). Share price has been volatile over the past 3 months (6.8% average weekly change).New Risk • Jun 29New major risk - Revenue and earnings growthEarnings have declined by 54% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$30m free cash flow). Earnings have declined by 54% per year over the past 5 years. Minor Risk Currently unprofitable and not forecast to become profitable next year (CA$8.9m net loss next year).お知らせ • Jun 29mdf commerce inc., Annual General Meeting, Sep 19, 2023mdf commerce inc., Annual General Meeting, Sep 19, 2023. Agenda: Annual General and Special Meeting.Reported Earnings • Jun 29Full year 2023 earnings released: CA$1.93 loss per share (vs CA$0.64 loss in FY 2022)Full year 2023 results: CA$1.93 loss per share (further deteriorated from CA$0.64 loss in FY 2022). Revenue: CA$128.3m (up 19% from FY 2022). Net loss: CA$85.0m (loss widened 255% from FY 2022).お知らせ • Jun 16mdf commerce inc. to Report Q4, 2023 Results on Jun 28, 2023mdf commerce inc. announced that they will report Q4, 2023 results on Jun 28, 2023お知らせ • May 17mdf Commerce Inc. Appoints Martial Vincent as Member of its Board of Directorsmdf commerce Inc. announced that Martial Vincent, CPA, an experienced corporate director with extensive experience in the electrical and electronic manufacturing industry, will be joining its team as a member of its Board of Directors. Mr. Vincent will serve on the Human Resources and Governance Committee, as well as on the Audit Committee, where he will be replacing Pierre Chadi, who will continue to serve as Board Chair and Chair of the Human Resources and Governance Committee. Leveraging his highly active role in the business community, Mr. Vincent plays a strategic advisory role for a variety of organizations. Since 2022, he is a Board member of Sharethrough, a leader in the programmatic advertising industry, and the Centre de Collaboration MiQro Innovation (C2MI), a collaborative marketing solution for digital technology components. Since 2021, he has been the Board Chair of Astus, which designs adapted management solutions for vehicle fleets and mobile assets. In addition, he has been a member of the University of Sherbrooke Assembly since 2018. From 2018 to 2022, Mr. Vincent served as President and CEO of TCP Cable, a Canadian leader in the manufacturing of electric harnesses. From 2014 to 2022, he was Board Chair of Développement économique Longueuil (DEL). He is also a founding member of Propulsion Quebec, the electric and smart transportation cluster. From 2019 to 2021, Mr. Vincent was the Board Chair of R3D, a company specializing in IT and digital management solutions. And from 2017 to 2020, he was a Board member of Fresche Solutions, a key player in IBM modernization and systems management. In addition, from 2013 to 2018, he was Board Chair of the Pôle d’excellence québécois en transport terrestre (ground transportation cluster). It should also be noted that in 2015, during his tenure as CEO of Varitron, Mr. Vincent successfully transformed this company into the #1 SME in Quebec, based on the rankings of business publication Les Affaires.Reported Earnings • Feb 14Third quarter 2023 earnings released: EPS: CA$0.34 (vs CA$0.11 loss in 3Q 2022)Third quarter 2023 results: EPS: CA$0.34 (up from CA$0.11 loss in 3Q 2022). Revenue: CA$31.7m (up 3.3% from 3Q 2022). Net income: CA$15.1m (up CA$19.8m from 3Q 2022). Profit margin: 48% (up from net loss in 3Q 2022). Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Interactive Media and Services industry in Europe.お知らせ • Feb 04mdf commerce inc. to Report Q3, 2023 Results on Feb 13, 2023mdf commerce inc. announced that they will report Q3, 2023 results on Feb 13, 2023Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Mary-Ann Bell was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Aug 13First quarter 2023 earnings released: CA$0.14 loss per share (vs CA$0.15 loss in 1Q 2022)First quarter 2023 results: CA$0.14 loss per share. Revenue: CA$32.2m (up 43% from 1Q 2022). Net loss: CA$6.32m (loss widened 48% from 1Q 2022). Over the next year, revenue is forecast to grow 13%, compared to a 16% growth forecast for the industry in Germany.Board Change • Aug 01High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Chairman Pierre Chadi was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Board Change • Jul 05High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Chairman Pierre Chadi was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Jul 01Full year 2022 earnings released: CA$0.64 loss per share (vs CA$0.38 loss in FY 2021)Full year 2022 results: CA$0.64 loss per share (down from CA$0.38 loss in FY 2021). Revenue: CA$108.3m (up 28% from FY 2021). Net loss: CA$23.9m (loss widened 215% from FY 2021). Over the next year, revenue is forecast to grow 20%, compared to a 17% growth forecast for the industry in Germany.Reported Earnings • Feb 11Third quarter 2022 earnings: EPS in line with expectations, revenues disappointThird quarter 2022 results: CA$0.11 loss per share (up from CA$0.14 loss in 3Q 2021). Revenue: CA$30.7m (up 43% from 3Q 2021). Net loss: CA$4.67m (loss widened 64% from 3Q 2021). Revenue missed analyst estimates by 7.3%. Over the next year, revenue is forecast to grow 40%, compared to a 36% growth forecast for the industry in Germany.Reported Earnings • Nov 12Second quarter 2022 earnings released: CA$0.19 loss per share (vs CA$0.036 loss in 2Q 2021)The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: CA$25.1m (up 21% from 2Q 2021). Net loss: CA$6.31m (loss widened CA$5.67m from 2Q 2021).Recent Insider Transactions • Oct 03Independent Director recently bought €51k worth of stockOn the 30th of September, Christian Dumont bought around 12k shares on-market at roughly €4.11 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €371k more in shares than they have sold in the last 12 months.Board Change • Sep 21High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Mary-Ann Bell was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.業績と収益の成長予測DB:6QT - アナリストの将来予測と過去の財務データ ( )CAD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/2026135-3-1N/A13/31/2025129-42N/A23/31/2024123-115N/A212/31/2023123-14-3-1N/A9/30/20231255-13-10N/A6/30/2023127-84-27-24N/A3/31/2023128-85-30-27N/A12/31/2022127-90-23-19N/A9/30/2022126-109-8-3N/A6/30/2022118-26-7-2N/A3/31/2022108-24-50N/A12/31/2021100-18-50N/A9/30/202191-16-15-11N/A6/30/202187-11-31N/A3/31/202185-8-31N/A12/31/202082-1125N/A9/30/202078-11-22N/A6/30/202076-804N/A3/31/202075-604N/A12/31/201977-3316N/A9/30/201980-2859N/A6/30/201982-27711N/A3/31/201983-26813N/A12/31/201883111015N/A9/30/20188291519N/A6/30/20188271418N/A3/31/20188171418N/A12/31/20178091519N/A9/30/20177912N/A18N/A6/30/20177915N/A21N/A3/31/20177816N/A24N/A12/31/20167715N/A21N/A9/30/20167616N/A24N/A6/30/20167416N/A23N/A3/31/20167316N/A22N/A12/31/20157218N/A23N/A9/30/20157117N/A24N/A6/30/20157016N/A24N/A3/31/20157016N/A24N/A12/31/20147015N/A24N/A9/30/20146914N/A22N/A6/30/20146713N/A20N/A3/31/20146513N/A22N/A12/31/20136312N/A20N/A9/30/20136213N/A21N/A6/30/20136113N/A21N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 6QT今後 3 年間、利益が出ない状態が続くと予測されています。収益対市場: 6QT今後 3 年間、利益が出ない状態が続くと予測されています。高成長収益: 6QT今後 3 年間、利益が出ない状態が続くと予測されています。収益対市場: 6QTの収益 ( 4.1% ) German市場 ( 6.8% ) よりも低い成長が予測されています。高い収益成長: 6QTの収益 ( 4.1% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 6QTの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YMedia 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2024/05/17 15:11終値2024/05/17 00:00収益2023/12/31年間収益2023/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋mdf commerce inc. 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。10 アナリスト機関Nick CorcoranAcumen Capital Finance Partners LimitedJesse PytlakATB Cormark Historical (Cormark Securities)Deepak KaushalBMO Capital Markets Equity Research7 その他のアナリストを表示
お知らせ • Jul 09mdf commerce inc. acquired EcoInteractive, Inc. from Alpine SG, LLC.mdf commerce inc. acquired EcoInteractive, Inc. from Alpine SG, LLC on July 9, 2024. SEG Capital Advisors, LLC acted as financial advisor for EcoInteractive, Inc. William Blair & Company, L.L.C. acted as financial advisor for mdf commerce inc.mdf commerce inc. completed the acquisition of EcoInteractive, Inc. from Alpine SG, LLC on July 9, 2024.
お知らせ • May 19Funds managed by Kohlberg Kravis Roberts & Co. L.P. completed the acquisition of mdf commerce inc. (TSX:MDF) from Long Path Partners L.P and others.Funds managed by Kohlberg Kravis Roberts & Co. L.P. entered into an arrangement agreement to acquire mdf commerce inc. (TSX:MDF) from Long Path Partners L.P and others for approximately CAD 260 million on March 11, 2024. As reported, mdf commerce shareholders will receive CAD 5.80 in cash per share, representing CAD 255 million in total equity value. KKR has obtained an equity commitment letter in an aggregate amount in cash equal to CAD 275 million to fund the consideration. Upon completion of the transaction, mdf commerce will become a privately held company. Upon closing of the Transaction, KKR intends to cause the Common Shares to be delisted from the TSX. A termination fee of CAD 7.65 million would be payable by mdf to KKR in certain circumstances, in case of termination of agreement. KKR shall pay a reverse termination fee to mdf in an amount equal to CAD 7.65 million in case of termination event. The transaction is subject to the receipt of the required approvals from mdf’s shareholders, the Interim Order and the Final Order have each been obtained, certain regulatory approvals including HSR Act Clearance, the shareholders shall not have exercised their Dissent Rights in connection with the arrangement with respect to more than 10% of the issued and outstanding shares, as well as the satisfaction of other customary closing conditions. The transaction is not subject to any financing condition and KKR is providing an equity-back stop for all the Consideration payable pursuant to the transaction. The mdf Board unanimously recommends that shareholders vote in favour of the transaction. The special meeting of mdf’s shareholders will be held on May 10, 2024. As of May 15, 2024, the transaction was approved by the court. The transaction is expected to close in the second quarter of calendar 2024. As of May 10, 2024, the transaction was approved by the target's shareholders and expected to close on or about May 17, 2024. Scotia Capital Inc. and Desjardins Securities Inc. are acting as financial advisors and fairness opinion providers to the Board of Directors of mdf. Scotiabank and Desjardins provided a verbal opinion to the Board that the consideration to be received by the shareholders is fair. Hadrien Montagne of McCarthy Tétrault LLP and Rachael V. Martinez, Dovi Adlerstein, Gregory Husisian, Casey D. Knapp, Gregory E. Neppl, Aaron K. Tantleff and Jordan J. Bergmann of Foley & Lardner LLP are acting as legal advisors to mdf. Stikeman Elliott LLP and Soo-ah Nah, David Passey, Ken Young, Jonathan Stott, and Stephanie Haas of Dechert LLP are acting as legal advisors to KKR. Computershare Investor Services Inc. acted as transfer agent to mdf. William Blair & Company, L.L.C. acted as buy side advisor to KKR. Funds managed by Kohlberg Kravis Roberts & Co. L.P. completed the acquisition of mdf commerce inc. (TSX:MDF) from Long Path Partners L.P and others on March 17, 2024.
お知らせ • May 18The Shares of mdf commerce Expects to Be Delisted from the Toronto Stock Exchange at the Close of Trading on or About May 22, 2024mdf commerce inc. announced the closing of the previously announced plan of arrangement under the Canada Business Corporations Act (the Arrangement) involving the Company and an entity affiliated with funds managed by KKR, a leading global investment firm. As a result of the Arrangement, the Shares are expected to be delisted from the Toronto Stock Exchange (TSX) at the close of trading on or about May 22, 2024. The Company intends to submit an application to cease to be a reporting issuer under applicable Canadian securities laws and to otherwise terminate the Company's public reporting requirements.
お知らせ • May 11MDF Commerce Obtains Shareholder OK for Go-Private Deal and KKR Intends to Cause MDF Commerce's Shares to be Delisted from the Toronto Stock ExchangeAt mdf commerce Inc.'s special meeting of its shareholders held earlier May 10, 2024, an overwhelming majority of shareholders voted in favour of the special resolution approving the previously announced statutory plan of arrangement under the Canada Business Corporations Act involving the company and 9511-1357 Quebec Inc. (the purchaser), an entity affiliated with funds managed by KKR & Co. Inc. (NYSE:KKR), pursuant to which the purchaser will acquire all of the issued and outstanding common shares in the capital of the company for $5.80 in cash per share, the whole subject to the terms and conditions of the arrangement agreement dated March 11, 2024, between the company and the purchaser. Approval of the arrangement resolution required the affirmative vote of at least two-thirds (66 2/3 per cent) of the votes cast by shareholders virtually present or represented by proxy and entitled to vote at the meeting (each holder of shares being entitled to one vote per share). MDF anticipates returning to the Superior Court of Quebec (the ‘Court’) on May 15, 2024 to seek a final order of the Court approving the arrangement. Completion of the arrangement remains subject to closing conditions as set forth in the arrangement agreement, including approval of the Court. Assuming that the conditions to closing are satisfied or waived (if permitted), it is expected that the arrangement will be completed on or about May 17, 2024. Following completion of the arrangement, KKR intends to cause the shares to be delisted from the Toronto Stock Exchange (‘TSX’) and applications will be made for MDF to cease to be a reporting issuer under applicable securities laws.
お知らせ • Mar 12+ 1 more updateKKR Intends to Delist Common Shares of mdf commerce from TSX Upon Closing of the TransactionMDF Commerce Inc. has entered into an arrangement agreement to be acquired by funds managed by KKR, a leading global investment firm, in an all-cash transaction. Upon completion of the Transaction, mdf commerce will become a privately held company. Upon closing of the Transaction, KKR intends to cause the Common Shares to be delisted from the TSX, and to cause the Company to submit an application to cease to be a reporting issuer under applicable Canadian securities laws.
Reported Earnings • Feb 15Third quarter 2024 earnings released: CA$0.095 loss per share (vs CA$0.34 profit in 3Q 2023)Third quarter 2024 results: CA$0.095 loss per share (down from CA$0.34 profit in 3Q 2023). Revenue: CA$30.2m (down 4.6% from 3Q 2023). Net loss: CA$4.18m (down 128% from profit in 3Q 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Interactive Media and Services industry in Europe.
New Risk • Feb 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 36% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 36% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.
お知らせ • Jan 31mdf commerce inc. to Report Q3, 2024 Results on Feb 14, 2024mdf commerce inc. announced that they will report Q3, 2024 results on Feb 14, 2024
Reported Earnings • Nov 09Second quarter 2024 earnings released: CA$0.018 loss per share (vs CA$2.04 loss in 2Q 2023)Second quarter 2024 results: CA$0.018 loss per share (improved from CA$2.04 loss in 2Q 2023). Revenue: CA$30.7m (down 7.4% from 2Q 2023). Net loss: CA$784.0k (loss narrowed 99% from 2Q 2023). Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 10.0% growth forecast for the Interactive Media and Services industry in Europe.
お知らせ • Oct 14mdf commerce inc. to Report Q2, 2024 Results on Nov 08, 2023mdf commerce inc. announced that they will report Q2, 2024 results on Nov 08, 2023
New Risk • Oct 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 52% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$27m). Share price has been volatile over the past 3 months (6.1% average weekly change).
New Risk • Aug 13New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$27m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$27m free cash flow). Earnings have declined by 52% per year over the past 5 years.
Reported Earnings • Aug 11First quarter 2024 earnings released: CA$0.12 loss per share (vs CA$0.14 loss in 1Q 2023)First quarter 2024 results: CA$0.12 loss per share (improved from CA$0.14 loss in 1Q 2023). Revenue: CA$31.0m (down 3.7% from 1Q 2023). Net loss: CA$5.12m (loss narrowed 19% from 1Q 2023). Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Interactive Media and Services industry in Germany.
New Risk • Jul 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 54% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$30m). Currently unprofitable and not forecast to become profitable next year (CA$11m net loss next year). Share price has been volatile over the past 3 months (6.8% average weekly change).
New Risk • Jun 29New major risk - Revenue and earnings growthEarnings have declined by 54% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$30m free cash flow). Earnings have declined by 54% per year over the past 5 years. Minor Risk Currently unprofitable and not forecast to become profitable next year (CA$8.9m net loss next year).
お知らせ • Jun 29mdf commerce inc., Annual General Meeting, Sep 19, 2023mdf commerce inc., Annual General Meeting, Sep 19, 2023. Agenda: Annual General and Special Meeting.
Reported Earnings • Jun 29Full year 2023 earnings released: CA$1.93 loss per share (vs CA$0.64 loss in FY 2022)Full year 2023 results: CA$1.93 loss per share (further deteriorated from CA$0.64 loss in FY 2022). Revenue: CA$128.3m (up 19% from FY 2022). Net loss: CA$85.0m (loss widened 255% from FY 2022).
お知らせ • Jun 16mdf commerce inc. to Report Q4, 2023 Results on Jun 28, 2023mdf commerce inc. announced that they will report Q4, 2023 results on Jun 28, 2023
お知らせ • May 17mdf Commerce Inc. Appoints Martial Vincent as Member of its Board of Directorsmdf commerce Inc. announced that Martial Vincent, CPA, an experienced corporate director with extensive experience in the electrical and electronic manufacturing industry, will be joining its team as a member of its Board of Directors. Mr. Vincent will serve on the Human Resources and Governance Committee, as well as on the Audit Committee, where he will be replacing Pierre Chadi, who will continue to serve as Board Chair and Chair of the Human Resources and Governance Committee. Leveraging his highly active role in the business community, Mr. Vincent plays a strategic advisory role for a variety of organizations. Since 2022, he is a Board member of Sharethrough, a leader in the programmatic advertising industry, and the Centre de Collaboration MiQro Innovation (C2MI), a collaborative marketing solution for digital technology components. Since 2021, he has been the Board Chair of Astus, which designs adapted management solutions for vehicle fleets and mobile assets. In addition, he has been a member of the University of Sherbrooke Assembly since 2018. From 2018 to 2022, Mr. Vincent served as President and CEO of TCP Cable, a Canadian leader in the manufacturing of electric harnesses. From 2014 to 2022, he was Board Chair of Développement économique Longueuil (DEL). He is also a founding member of Propulsion Quebec, the electric and smart transportation cluster. From 2019 to 2021, Mr. Vincent was the Board Chair of R3D, a company specializing in IT and digital management solutions. And from 2017 to 2020, he was a Board member of Fresche Solutions, a key player in IBM modernization and systems management. In addition, from 2013 to 2018, he was Board Chair of the Pôle d’excellence québécois en transport terrestre (ground transportation cluster). It should also be noted that in 2015, during his tenure as CEO of Varitron, Mr. Vincent successfully transformed this company into the #1 SME in Quebec, based on the rankings of business publication Les Affaires.
Reported Earnings • Feb 14Third quarter 2023 earnings released: EPS: CA$0.34 (vs CA$0.11 loss in 3Q 2022)Third quarter 2023 results: EPS: CA$0.34 (up from CA$0.11 loss in 3Q 2022). Revenue: CA$31.7m (up 3.3% from 3Q 2022). Net income: CA$15.1m (up CA$19.8m from 3Q 2022). Profit margin: 48% (up from net loss in 3Q 2022). Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Interactive Media and Services industry in Europe.
お知らせ • Feb 04mdf commerce inc. to Report Q3, 2023 Results on Feb 13, 2023mdf commerce inc. announced that they will report Q3, 2023 results on Feb 13, 2023
Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Mary-Ann Bell was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Aug 13First quarter 2023 earnings released: CA$0.14 loss per share (vs CA$0.15 loss in 1Q 2022)First quarter 2023 results: CA$0.14 loss per share. Revenue: CA$32.2m (up 43% from 1Q 2022). Net loss: CA$6.32m (loss widened 48% from 1Q 2022). Over the next year, revenue is forecast to grow 13%, compared to a 16% growth forecast for the industry in Germany.
Board Change • Aug 01High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Chairman Pierre Chadi was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Board Change • Jul 05High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Chairman Pierre Chadi was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Jul 01Full year 2022 earnings released: CA$0.64 loss per share (vs CA$0.38 loss in FY 2021)Full year 2022 results: CA$0.64 loss per share (down from CA$0.38 loss in FY 2021). Revenue: CA$108.3m (up 28% from FY 2021). Net loss: CA$23.9m (loss widened 215% from FY 2021). Over the next year, revenue is forecast to grow 20%, compared to a 17% growth forecast for the industry in Germany.
Reported Earnings • Feb 11Third quarter 2022 earnings: EPS in line with expectations, revenues disappointThird quarter 2022 results: CA$0.11 loss per share (up from CA$0.14 loss in 3Q 2021). Revenue: CA$30.7m (up 43% from 3Q 2021). Net loss: CA$4.67m (loss widened 64% from 3Q 2021). Revenue missed analyst estimates by 7.3%. Over the next year, revenue is forecast to grow 40%, compared to a 36% growth forecast for the industry in Germany.
Reported Earnings • Nov 12Second quarter 2022 earnings released: CA$0.19 loss per share (vs CA$0.036 loss in 2Q 2021)The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: CA$25.1m (up 21% from 2Q 2021). Net loss: CA$6.31m (loss widened CA$5.67m from 2Q 2021).
Recent Insider Transactions • Oct 03Independent Director recently bought €51k worth of stockOn the 30th of September, Christian Dumont bought around 12k shares on-market at roughly €4.11 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €371k more in shares than they have sold in the last 12 months.
Board Change • Sep 21High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Mary-Ann Bell was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.