View Financial HealthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active.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 EventsSoftchoice 配当と自社株買い配当金 基準チェック /36Softchoice配当を支払う会社であり、現在の利回りは2.1%で、収益によって十分にカバーされています。主要情報2.1%配当利回り0.004%バイバック利回り総株主利回り2.1%将来の配当利回り3.0%配当成長n/a次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向58%最近の配当と自社株買いの更新お知らせ • Nov 08Softchoice Corporation Declares Quarterly Dividend for the Period from October 1, 2024 to December 31, 2024, Payable on January 10, 2025On November 7, 2024, the board of Softchoice Corporation declared a quarterly dividend of CAD 0.13 per common share for the period from October 1, 2024 to December 31, 2024 to be paid on January 10, 2025 to shareholders of record at the close of business on December 31, 2024.Upcoming Dividend • Sep 20Upcoming dividend of CA$0.13 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 11 October 2024. Payout ratio is a comfortable 55% but the company is paying out more than the cash it is generating. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.8%).Declared Dividend • Aug 14Second quarter dividend of CA$0.13 announcedShareholders will receive a dividend of CA$0.13. Ex-date: 27th September 2024 Payment date: 11th October 2024 Dividend yield will be 25%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 19% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Aug 09Softchoice Corporation Declares Quarterly Dividend for the Period from July 1, 2024 to September 30, 2024, payable October 11, 2024Softchoice Corporation declared a quarterly dividend of CAD. $0.13 per Common Share for the period from July 1, 2024 to September 30, 2024 to be paid on October 11, 2024 to shareholders of record at the close of business on September 30, 2024, representing an approximate 18% increase over Third Quarter 2023. The dividend to which this notice relates is an eligible dividend for tax purposes.Declared Dividend • May 12First quarter dividend of CA$0.13 announcedShareholders will receive a dividend of CA$0.13. Ex-date: 28th June 2024 Payment date: 12th July 2024 Dividend yield will be 26%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 19% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • May 09Softchoice Corporation Declares Quarterly Dividend for the Period from April 1, 2024 to June 30, 2024, Payable on July 12, 2024On May 7, 2024, the Board of Softchoice Corporation declared a quarterly dividend of CAD 0.13 per Common Share for the period from April 1, 2024 to June 30, 2024 to be paid on July 12, 2024 to shareholders of record at the close of business on June 28, 2024, representing an approximate 18% increase over Second Quarter 2023.すべての更新を表示Recent updatesお知らせ • Mar 14Softchoice Corporation's Shares Expects to Delist from TSX on or About March 14, 2025Softchoice Corporation (“Softchoice” or the “Company”) and World Wide Technology Holding Co. LLC (“WWT”) announced that an affiliate of WWT, 2672989 Alberta ULC (the “Purchaser”), has completed its previously announced acquisition of Softchoice pursuant to a plan of arrangement (the “Arrangement”) whereby the Purchaser has acquired all of the issued and outstanding common shares of Softchoice (the “Shares”) for CAD 24.50 in cash per Share. The Arrangement, which was announced on December 31, 2024, was approved by shareholders of the Company at a special meeting held on March 4, 2025. In connection with the closing of the Arrangement, it is expected that the Shares will be delisted from the Toronto Stock Exchange (the “TSX”) on or about March 14, 2025. Softchoice has also applied to cease to be a reporting issuer under applicable Canadian securities laws.お知らせ • Mar 13World Wide Technology Holding Co, LLC completed the acquisition of Softchoice Corporation (TSX:SFTC) from Birch Hill Equity Partners IV, L.P., managed by Birch Hill Equity Partners and others.World Wide Technology Holding Co, LLC entered into an arrangement agreement to acquire Softchoice Corporation (TSX:SFTC) from Birch Hill Equity Partners IV, L.P., managed by Birch Hill Equity Partners and others for CAD 1.5 billion on December 30, 2024. Under the terms of the agreement, WWT, through an affiliate, will acquire all the issued and outstanding common shares of Softchoice for a price of CAD 24.50 per share. Following completion of the Transaction, it is expected that the outstanding shares will be delisted from the TSX and that Softchoice will cease to be a reporting issuer in all applicable Canadian jurisdictions. A termination fee of CAD 49 million would be payable by Softchoice in certain circumstances. The transaction is subject to the approval of Softchoice shareholders, court approval and customary closing conditions, including receipt of key regulatory approvals. The transaction is not subject to any financing condition. The board of directors of Softchoice unanimously approved the transaction following receipt of the unanimous recommendation of a committee of independent directors. The transaction is expected to close in late Q1 or early Q2 2025. As of March 4, 2025, the transaction has been approved by the target shareholders. As of March 6, 2025, the transaction was approved by the Ontario Superior Court of Justice. The transaction is expected to close on or about March 13, 2025. TD Securities Inc. is acting as lead financial advisor to Softchoice, and RBC Dominion Securities Inc. is acting as co-lead financial advisor to Softchoice. Origin Merchant Partners is acting as an independent financial advisor to the Board of Directors of Softchoice. TD Securities Inc. and RBC Dominion Securities Inc. acted as fairness opinion provider to the board of directors of Softchoice and Origin Merchant Partners acted as fairness opinion provider to its Special Committee. Stikeman Elliott LLP is acting as legal advisor to the Softchoice. BDT & MSD and BofA Securities are acting as financial advisors to WWT, while Blake, Cassels & Graydon LLP and Bryan Cave Leighton Paisner LLP are acting as legal advisors to WWT. Laurel Hill Advisory Group acted as information agent to Softchoice. Laurel Hill will be paid fees which are not expected to exceed CAD 0.06 million. TSX Trust Company acted as transfer agent and depositary bank to Softchoice. KPMG LLP acted as an auditor to Softchoice. World Wide Technology Holding Co, LLC completed the acquisition of Softchoice Corporation (TSX:SFTC) from Birch Hill Equity Partners IV, L.P., managed by Birch Hill Equity Partners and others on March 13, 2025. Pursuant to the Arrangement, World Wide Technology acquired all of the issued and outstanding Shares, for a price of CAD 24.50 per Share, or CAD 1,478.242241 million in the aggregate. In connection with the closing of the Arrangement, it is expected that the Shares will be delisted from the Toronto Stock Exchange on or about March 14, 2025. Softchoice has also applied to cease to be a reporting issuer under applicable Canadian securities laws.お知らせ • Jan 02Softchoice Expects to Delist from TSXSoftchoice Corporation and World Wide Technology announced that they have entered into an arrangement agreement for Softchoice to be acquired by WWT, via an all-cash transaction, which values Softchoice at an enterprise value of approximately CAD 1.8 billion. The company intends to hold the shareholders' meeting in March 2025, where the transaction will be considered and voted upon by shareholders of record. The transaction is also subject to court approval and customary closing conditions, including receipt of key regulatory approvals, is not subject to any financing condition and, assuming the timely receipt of all required key regulatory approvals, is expected to close in late First Quarter or early Second Quarter 2025. Following completion of the transaction, it is expected that the outstanding shares will be delisted from the TSX and that Softchoice will cease to be a reporting issuer in all applicable Canadian jurisdictions.お知らせ • Jan 01World Wide Technology Holding Co, LLC entered into an arrangement agreement to acquire Softchoice Corporation (TSX:SFTC) from Birch Hill Equity Partners and others for CAD 1.5 billion.World Wide Technology Holding Co, LLC ("WWT") entered into an arrangement agreement to acquire Softchoice Corporation (TSX:SFTC) from Birch Hill Equity Partners and others for CAD 1.5 billion on December 31, 2024. Under the terms of the agreement, WWT, through an affiliate, will acquire all the issued and outstanding common shares of Softchoice for a price of CAD 24.50 per share. Following completion of the Transaction, it is expected that the outstanding shares will be delisted from the TSX and that Softchoice will cease to be a reporting issuer in all applicable Canadian jurisdictions. A termination fee of CAD 49 million would be payable by Softchoice in certain circumstances. The transaction is subject to the approval of Softchoice shareholders, court approval and customary closing conditions, including receipt of key regulatory approvals. The transaction is not subject to any financing condition. The board of directors of Softchoice unanimously approved the transaction following receipt of the unanimous recommendation of a committee of independent directors. The transaction is expected to close in late Q1 or early Q2 2025. TD Securities Inc. is acting as lead financial advisor to Softchoice, and RBC Dominion Securities Inc. is acting as co-lead financial advisor to Softchoice. Origin Merchant Partners is acting as an independent financial advisor to the Board of Directors of Softchoice. TD Securities Inc. and RBC Dominion Securities Inc. acted as fairness opinion provider to the board of directors of Softchoice and Origin Merchant Partners acted as fairness opinion provider to its Special Committee. Stikeman Elliott LLP is acting as legal advisor to the Softchoice. BDT & MSD and BofA Securities are acting as financial advisors to WWT, while Blake, Cassels & Graydon LLP and Bryan Cave Leighton Paisner LLP are acting as legal advisors to WWT.Reported Earnings • Nov 10Third quarter 2024 earnings released: EPS: US$0.15 (vs US$0.14 in 3Q 2023)Third quarter 2024 results: EPS: US$0.15 (up from US$0.14 in 3Q 2023). Revenue: US$189.2m (up 3.9% from 3Q 2023). Net income: US$9.03m (up 8.0% from 3Q 2023). Profit margin: 4.8% (up from 4.6% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.お知らせ • Nov 08Softchoice Corporation Declares Quarterly Dividend for the Period from October 1, 2024 to December 31, 2024, Payable on January 10, 2025On November 7, 2024, the board of Softchoice Corporation declared a quarterly dividend of CAD 0.13 per common share for the period from October 1, 2024 to December 31, 2024 to be paid on January 10, 2025 to shareholders of record at the close of business on December 31, 2024.お知らせ • Oct 07Softchoice Corporation to Report Q3, 2024 Results on Nov 08, 2024Softchoice Corporation announced that they will report Q3, 2024 results Pre-Market on Nov 08, 2024Upcoming Dividend • Sep 20Upcoming dividend of CA$0.13 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 11 October 2024. Payout ratio is a comfortable 55% but the company is paying out more than the cash it is generating. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.8%).Declared Dividend • Aug 14Second quarter dividend of CA$0.13 announcedShareholders will receive a dividend of CA$0.13. Ex-date: 27th September 2024 Payment date: 11th October 2024 Dividend yield will be 25%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 19% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 11Second quarter 2024 earnings released: EPS: US$0.20 (vs US$0.24 in 2Q 2023)Second quarter 2024 results: EPS: US$0.20 (down from US$0.24 in 2Q 2023). Revenue: US$193.0m (down 7.0% from 2Q 2023). Net income: US$12.1m (down 14% from 2Q 2023). Profit margin: 6.3% (down from 6.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.お知らせ • Aug 09Softchoice Corporation Declares Quarterly Dividend for the Period from July 1, 2024 to September 30, 2024, payable October 11, 2024Softchoice Corporation declared a quarterly dividend of CAD. $0.13 per Common Share for the period from July 1, 2024 to September 30, 2024 to be paid on October 11, 2024 to shareholders of record at the close of business on September 30, 2024, representing an approximate 18% increase over Third Quarter 2023. The dividend to which this notice relates is an eligible dividend for tax purposes.お知らせ • Jul 10Softchoice Corporation to Report Q2, 2024 Results on Aug 09, 2024Softchoice Corporation announced that they will report Q2, 2024 results Pre-Market on Aug 09, 2024お知らせ • May 31Softchoice Corporation Elects New Director, Martha ToryAt the AGM, held on May 30, 2024, Softchoice Corporation's shareholders elected one new director, Martha Tory.Declared Dividend • May 12First quarter dividend of CA$0.13 announcedShareholders will receive a dividend of CA$0.13. Ex-date: 28th June 2024 Payment date: 12th July 2024 Dividend yield will be 26%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 19% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • May 09Softchoice Corporation Declares Quarterly Dividend for the Period from April 1, 2024 to June 30, 2024, Payable on July 12, 2024On May 7, 2024, the Board of Softchoice Corporation declared a quarterly dividend of CAD 0.13 per Common Share for the period from April 1, 2024 to June 30, 2024 to be paid on July 12, 2024 to shareholders of record at the close of business on June 28, 2024, representing an approximate 18% increase over Second Quarter 2023.Reported Earnings • May 08First quarter 2024 earnings released: US$0.02 loss per share (vs US$0.078 profit in 1Q 2023)First quarter 2024 results: US$0.02 loss per share (down from US$0.078 profit in 1Q 2023). Revenue: US$169.8m (down 19% from 1Q 2023). Net loss: US$1.03m (down 123% from profit in 1Q 2023). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany.お知らせ • Apr 09Softchoice Corporation to Report Q1, 2024 Results on May 08, 2024Softchoice Corporation announced that they will report Q1, 2024 results Pre-Market on May 08, 2024Valuation Update With 7 Day Price Move • Mar 28Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to €11.80, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 19x in the Electronic industry in Germany. Total returns to shareholders of 36% over the past year.Upcoming Dividend • Mar 20Upcoming dividend of CA$4.13 per shareEligible shareholders must have bought the stock before 27 March 2024. Payment date: 12 April 2024. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (5.0%). Higher than average of industry peers (1.4%).お知らせ • Mar 19Softchoice Corporation, Annual General Meeting, May 30, 2024Softchoice Corporation, Annual General Meeting, May 30, 2024.Declared Dividend • Mar 11Fourth quarter dividend of CA$4.13 announcedShareholders will receive a dividend of CA$4.13. Ex-date: 27th March 2024 Payment date: 12th April 2024 Dividend yield will be 31%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 20% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 06+ 1 more updateSoftchoice Corporation Declares Special Dividend, Payable on April 12, 2024The Board of Softchoice Corporation declared a special dividend of CAD 4.00 per Common Share to be paid on April 12, 2024 to shareholders of record at the close of business on March 28, 2024.Reported Earnings • Mar 06Full year 2023 earnings released: EPS: US$0.79 (vs US$0.37 in FY 2022)Full year 2023 results: EPS: US$0.79 (up from US$0.37 in FY 2022). Revenue: US$816.4m (down 12% from FY 2022). Net income: US$46.0m (up 112% from FY 2022). Profit margin: 5.6% (up from 2.3% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electronic industry in Germany.お知らせ • Feb 02Softchoice Launches Subscription Licensing ServicesSoftchoice has launched SAM+, a suite of software asset management solutions and services to efficiently manage the complexities of subscription-based licensing. SAM+ comprises solutions for every stage of the subscription journey, including assessment, planning, transition, and deployment and adoption services that can be implemented independently or integrated, depending on an organization's maturity. With more than 680 technical resources, including partner-specific experts, Softchoice currently manages more than 6,400 enterprise agreements and software contracts, and delivers more than 630 software assessments and more than 1,000 Software Lifecycle Service engagements annually. Customers benefit from Softchoice's extensive multi-vendor support, with industry partnerships across major software vendors, including Microsoft, VMware, Cisco, Adobe, and Red Hat. A range of high value and low commitment offers with several fully funded services also mean that companies partnering with Softchoice can see cost savings without upfront investments.お知らせ • Jan 30Softchoice Corporation to Report Q4, 2023 Results on Mar 05, 2024Softchoice Corporation announced that they will report Q4, 2023 results Pre-Market on Mar 05, 2024New Risk • Dec 31New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (180% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.4% increase in shares outstanding).Upcoming Dividend • Dec 21Upcoming dividend of CA$0.11 per share at 2.8% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 12 January 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.5%).お知らせ • Nov 10+ 1 more updateSoftchoice Corporation Announces Board ChangesSoftchoice Corporation announced the appointment of John MacIntyre to its Board of Directors. Mr. MacIntyre is co-founder and Partner at Birch Hill Equity Partners. Prior to Birch Hill, he co-founded the Canadian mid-market Private Equity Group within TD Capital. Mr. MacIntyre currently serves on the Board of TD Bank and Sport Maska Inc. and previously served as Chair of HomeEquity Bank. Mr. MacIntyre will replace Felix-Etienne Lebel as Lead Independent Director of Softchoice’s Board and chair of the corporate governance and nominating committee of the Board.Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: US$0.14 (vs US$0.14 loss in 3Q 2022)Third quarter 2023 results: EPS: US$0.14 (up from US$0.14 loss in 3Q 2022). Revenue: US$182.2m (down 18% from 3Q 2022). Net income: US$8.35m (up US$16.3m from 3Q 2022). Profit margin: 4.6% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany.お知らせ • Oct 12Softchoice Corporation to Report Q3, 2023 Results on Nov 09, 2023Softchoice Corporation announced that they will report Q3, 2023 results on Nov 09, 2023Upcoming Dividend • Sep 21Upcoming dividend of CA$0.11 per share at 2.8% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 13 October 2023. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.5%).Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: US$0.24 (vs US$0.13 in 2Q 2022)Second quarter 2023 results: EPS: US$0.24 (up from US$0.13 in 2Q 2022). Revenue: US$207.6m (down 18% from 2Q 2022). Net income: US$14.1m (up 81% from 2Q 2022). Profit margin: 6.8% (up from 3.1% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany.お知らせ • Aug 12Softchoice Corporation Declares Quarterly Dividend, Payable on October 13, 2023On August 10, 2023, the Softchoice Corporation declared a quarterly dividend of CAD 0.11 per Common Share for the period from July 1, 2023, to September 30, 2023, to be paid on October 13, 2023, to shareholders of record at the close of business on September 29, 2023, representing an approximate 22% increase over third quarter of 2022.お知らせ • Jul 12Softchoice Corporation to Report Q2, 2023 Results on Aug 11, 2023Softchoice Corporation announced that they will report Q2, 2023 results Pre-Market on Aug 11, 2023Upcoming Dividend • Jun 22Upcoming dividend of CA$0.11 per share at 2.5% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.2%).お知らせ • Jun 03Softchoice Corporation Announces Election of Andrew Caprara as DirectorSoftchoice Corporation announced election of Andrew Caprara as director at the Annual General Meeting held on May 31, 2023.Recent Insider Transactions • May 22Senior VP of Legal recently sold €233k worth of stockOn the 16th of May, Habeeb Syed sold around 20k shares on-market at roughly €11.63 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.9m more than they bought in the last 12 months.Reported Earnings • May 14First quarter 2023 earnings released: EPS: US$0.08 (vs US$0.063 in 1Q 2022)First quarter 2023 results: EPS: US$0.08 (up from US$0.063 in 1Q 2022). Revenue: US$208.8m (down 6.3% from 1Q 2022). Net income: US$4.54m (up 22% from 1Q 2022). Profit margin: 2.2% (up from 1.7% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Germany.お知らせ • May 13Softchoice Corporation Declares Quarterly Dividend for the Period from April 1, 2023, to June 30, 2023, Payable on July 14, 2023Softchoice Corporation announced that on May 11, 2023, the Board declared a quarterly dividend of CAD 0.11 per Common Share for the period from April 1, 2023, to June 30, 2023, to be paid on July 14, 2023, to shareholders of record at the close of business on June 30, 2023.Valuation Update With 7 Day Price Move • Apr 27Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €10.70, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Electronic industry in Germany. Total loss to shareholders of 34% over the past year.Upcoming Dividend • Mar 23Upcoming dividend of CA$0.11 per share at 2.8% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 14 April 2023. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.0%).Reported Earnings • Mar 10Full year 2022 earnings released: EPS: US$0.37 (vs US$0.21 loss in FY 2021)Full year 2022 results: EPS: US$0.37 (up from US$0.21 loss in FY 2021). Revenue: US$928.2m (up 2.8% from FY 2021). Net income: US$21.8m (up US$33.3m from FY 2021). Profit margin: 2.3% (up from net loss in FY 2021). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electronic industry in Germany.お知らせ • Feb 09Softchoice Corporation to Report Q4, 2022 Results on Mar 09, 2023Softchoice Corporation announced that they will report Q4, 2022 results Pre-Market on Mar 09, 2023お知らせ • Jan 11Softchoice Announces Leadership Transition PlanSoftchoice Corporation announced a phased leadership transition plan for Management and the Board. Effective, Chief Operating Officer Andrew Caprara has been appointed President, in addition to his current role, and will become President & CEO following the Company’s Annual General Meeting (“AGM”), anticipated to be on May 31, 2023. At this time and subject to applicable shareholder approval, Chief Executive Officer Vince De Palma will become Executive Chair for an anticipated period of one to two years as part of the leadership transition. Current Board Chair Félix-Etienne Lebel is anticipated to become Lead Independent Director. Today’s announcement aligns with the first day of Softchoice’s annual Company-wide internal conference.Upcoming Dividend • Dec 22Upcoming dividend of CA$0.09 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 13 January 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.1%).Valuation Update With 7 Day Price Move • Dec 08Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €9.45, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 19x in the Electronic industry in Germany. Total loss to shareholders of 40% over the past year.Reported Earnings • Nov 16Third quarter 2022 earnings released: US$0.14 loss per share (vs US$0.037 loss in 3Q 2021)Third quarter 2022 results: US$0.14 loss per share (further deteriorated from US$0.037 loss in 3Q 2021). Revenue: US$222.1m (up 12% from 3Q 2021). Net loss: US$7.96m (loss widened 259% from 3Q 2021). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany.Reported Earnings • Nov 11Third quarter 2022 earnings released: US$0.14 loss per share (vs US$0.037 loss in 3Q 2021)Third quarter 2022 results: US$0.14 loss per share (further deteriorated from US$0.037 loss in 3Q 2021). Revenue: US$222.1m (up 12% from 3Q 2021). Net loss: US$7.96m (loss widened 259% from 3Q 2021). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany.Upcoming Dividend • Sep 21Upcoming dividend of CA$0.09 per shareEligible shareholders must have bought the stock before 28 September 2022. Payment date: 14 October 2022. Payout ratio is on the higher end at 96%, however this is supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (5.0%). Higher than average of industry peers (1.2%).Recent Insider Transactions • Aug 27Independent Director recently sold €50k worth of stockOn the 19th of August, Anthony Gibbons sold around 3k shares on-market at roughly €16.71 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €5.4m more than they bought in the last 12 months.Reported Earnings • Aug 13Second quarter 2022 earnings released: EPS: US$0.13 (vs US$0.30 loss in 2Q 2021)Second quarter 2022 results: EPS: US$0.13 (up from US$0.30 loss in 2Q 2021). Revenue: US$254.3m (up 20% from 2Q 2021). Net income: US$7.79m (up US$22.7m from 2Q 2021). Profit margin: 3.1% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 10%, compared to a 18% growth forecast for the industry in Germany.Upcoming Dividend • Jun 22Upcoming dividend of CA$0.09 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 15 July 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (1.2%).お知らせ • Jun 01Softchoice Corporation Elects Sylvie Veilleux as DirectorSoftchoice Corporation at the annual general meeting of shareholders held on May 31, 2022 approved election of Sylvie Veilleux as director.Reported Earnings • May 13First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: US$222.9m (down 4.4% from 1Q 2021). Net income: US$3.73m (up US$5.51m from 1Q 2021). Profit margin: 1.7% (up from net loss in 1Q 2021). Over the next year, revenue is forecast to grow 14%, compared to a 25% growth forecast for the industry in Germany.お知らせ • Apr 13Softchoice Corporation to Report Q1, 2022 Results on May 12, 2022Softchoice Corporation announced that they will report Q1, 2022 results Pre-Market on May 12, 2022Upcoming Dividend • Mar 23Upcoming dividend of CA$0.09 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 14 April 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (0.8%).Recent Insider Transactions • Mar 12Independent Director recently sold €85k worth of stockOn the 8th of March, Anthony Gibbons sold around 5k shares on-market at roughly €16.98 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.6m more than they bought in the last 12 months.お知らせ • Mar 06Softchoice Corporation Declares Quarterly Cash Dividend for the Period from January 1, 2022 to March 31, 2022, Payable on April 14, 2022On March 3, 2022, Softchoice Corporation's Board of Directors approved a 29% increase in quarterly cash dividends to CAD 0.09 per common share from CAD 0.07 per Common Share. As such, the Company has declared a cash dividend (the “Dividend”) in the amount of CAD 0.09 per Common Share of the Company for the period from January 1, 2022 to March 31, 2022, payable as of April 14, 2022, to shareholders of record at the close of business on March 31, 2022.Reported Earnings • Mar 05Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: US$0.22 loss per share (down from US$0.011 loss in FY 2020). Revenue: US$903.1m (up 7.9% from FY 2020). Net loss: US$11.5m (loss widened US$11.0m from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 14%, compared to a 24% growth forecast for the industry in Germany.お知らせ • Feb 15Softchoice Corporation to Report Q4, 2021 Results on Mar 04, 2022Softchoice Corporation announced that they will report Q4, 2021 results Pre-Market on Mar 04, 2022Upcoming Dividend • Dec 23Upcoming dividend of CA$0.07 per shareEligible shareholders must have bought the stock before 30 December 2021. Payment date: 14 January 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (0.6%).Reported Earnings • Nov 13Third quarter 2021 earnings released: US$0.04 loss per shareThe company reported a soft third quarter result with weaker control over costs, although losses were stable and revenues were flat. Third quarter 2021 results: Revenue: US$199.0m (flat on 3Q 2020). Net loss: US$2.21m (flat on 3Q 2020).Recent Insider Transactions • Oct 20Director recently sold €2.1m worth of stockOn the 15th of October, David MacDonald sold around 104k shares on-market at roughly €20.56 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.6m more than they bought in the last 12 months.Breakeven Date Change • Sep 22Forecast to breakeven in 2021The 5 analysts covering Softchoice expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$6.36m in 2021. Earnings growth of 46% is required to achieve expected profit on schedule.お知らせ • Aug 14Softchoice Corporation Anticipates Paying Quarterly Cash Dividend, Payable on or About October 15, 2021Softchoice Corporation anticipates paying quarterly cash dividends estimated to be approximately CAD 0.07 per common share. The Company’s first cash dividend, which will be for the period from and including the initial public offering closing date to September 30, 2021, is expected to be paid on or about October 15, 2021 to shareholders of record on September 30, 2021 and is estimated to be CAD 0.093 per Common Share.Breakeven Date Change • Aug 14Forecast to breakeven in 2021The 4 analysts covering Softchoice expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$23.6m in 2021. Earnings growth of 35% is required to achieve expected profit on schedule.Valuation Update With 7 Day Price Move • Jul 17Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to US$16.46, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 26x in the Electronic industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €24.90 per share.決済の安定と成長配当データの取得安定した配当: 90Qは 10 年未満配当金を支払っており、この間、支払額は 変動性 が高かった。増加する配当: 90Qの配当金は増加していますが、同社は4年間しか配当金を支払っていません。配当利回り対市場Softchoice 配当利回り対市場90Q 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (90Q)2.1%市場下位25% (DE)1.5%市場トップ25% (DE)4.5%業界平均 (Electronic)0.9%アナリスト予想 (90Q) (最長3年)3.0%注目すべき配当: 90Qの配当金 ( 2.1% ) はGerman市場の配当金支払者の下位 25% ( 1.51% ) よりも高くなっています。高配当: 90Qの配当金 ( 2.1% ) はGerman市場の配当金支払者の上位 25% ( 4.51% ) と比較すると低いです。株主への利益配当収益カバレッジ: 90Qの配当金は、合理的な 配当性向 ( 57.9% ) により、利益によって賄われています。株主配当金キャッシュフローカバレッジ: 90Qは低い 現金配当性向 ( 23.7% ) であるため、配当金の支払いはキャッシュフローによって十分にカバーされています。高配当企業の発掘7D1Y7D1Y7D1YDE 市場の強力な配当支払い企業。View Management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2025/03/13 20:54終値2025/03/13 00:00収益2024/09/30年間収益2023/12/31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Softchoice Corporation 4 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。7 アナリスト機関Thanos MoschopoulosBMO Capital Markets Equity ResearchBrian EssexGoldman SachsJames SchneiderGoldman Sachs4 その他のアナリストを表示
お知らせ • Nov 08Softchoice Corporation Declares Quarterly Dividend for the Period from October 1, 2024 to December 31, 2024, Payable on January 10, 2025On November 7, 2024, the board of Softchoice Corporation declared a quarterly dividend of CAD 0.13 per common share for the period from October 1, 2024 to December 31, 2024 to be paid on January 10, 2025 to shareholders of record at the close of business on December 31, 2024.
Upcoming Dividend • Sep 20Upcoming dividend of CA$0.13 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 11 October 2024. Payout ratio is a comfortable 55% but the company is paying out more than the cash it is generating. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.8%).
Declared Dividend • Aug 14Second quarter dividend of CA$0.13 announcedShareholders will receive a dividend of CA$0.13. Ex-date: 27th September 2024 Payment date: 11th October 2024 Dividend yield will be 25%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 19% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Aug 09Softchoice Corporation Declares Quarterly Dividend for the Period from July 1, 2024 to September 30, 2024, payable October 11, 2024Softchoice Corporation declared a quarterly dividend of CAD. $0.13 per Common Share for the period from July 1, 2024 to September 30, 2024 to be paid on October 11, 2024 to shareholders of record at the close of business on September 30, 2024, representing an approximate 18% increase over Third Quarter 2023. The dividend to which this notice relates is an eligible dividend for tax purposes.
Declared Dividend • May 12First quarter dividend of CA$0.13 announcedShareholders will receive a dividend of CA$0.13. Ex-date: 28th June 2024 Payment date: 12th July 2024 Dividend yield will be 26%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 19% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • May 09Softchoice Corporation Declares Quarterly Dividend for the Period from April 1, 2024 to June 30, 2024, Payable on July 12, 2024On May 7, 2024, the Board of Softchoice Corporation declared a quarterly dividend of CAD 0.13 per Common Share for the period from April 1, 2024 to June 30, 2024 to be paid on July 12, 2024 to shareholders of record at the close of business on June 28, 2024, representing an approximate 18% increase over Second Quarter 2023.
お知らせ • Mar 14Softchoice Corporation's Shares Expects to Delist from TSX on or About March 14, 2025Softchoice Corporation (“Softchoice” or the “Company”) and World Wide Technology Holding Co. LLC (“WWT”) announced that an affiliate of WWT, 2672989 Alberta ULC (the “Purchaser”), has completed its previously announced acquisition of Softchoice pursuant to a plan of arrangement (the “Arrangement”) whereby the Purchaser has acquired all of the issued and outstanding common shares of Softchoice (the “Shares”) for CAD 24.50 in cash per Share. The Arrangement, which was announced on December 31, 2024, was approved by shareholders of the Company at a special meeting held on March 4, 2025. In connection with the closing of the Arrangement, it is expected that the Shares will be delisted from the Toronto Stock Exchange (the “TSX”) on or about March 14, 2025. Softchoice has also applied to cease to be a reporting issuer under applicable Canadian securities laws.
お知らせ • Mar 13World Wide Technology Holding Co, LLC completed the acquisition of Softchoice Corporation (TSX:SFTC) from Birch Hill Equity Partners IV, L.P., managed by Birch Hill Equity Partners and others.World Wide Technology Holding Co, LLC entered into an arrangement agreement to acquire Softchoice Corporation (TSX:SFTC) from Birch Hill Equity Partners IV, L.P., managed by Birch Hill Equity Partners and others for CAD 1.5 billion on December 30, 2024. Under the terms of the agreement, WWT, through an affiliate, will acquire all the issued and outstanding common shares of Softchoice for a price of CAD 24.50 per share. Following completion of the Transaction, it is expected that the outstanding shares will be delisted from the TSX and that Softchoice will cease to be a reporting issuer in all applicable Canadian jurisdictions. A termination fee of CAD 49 million would be payable by Softchoice in certain circumstances. The transaction is subject to the approval of Softchoice shareholders, court approval and customary closing conditions, including receipt of key regulatory approvals. The transaction is not subject to any financing condition. The board of directors of Softchoice unanimously approved the transaction following receipt of the unanimous recommendation of a committee of independent directors. The transaction is expected to close in late Q1 or early Q2 2025. As of March 4, 2025, the transaction has been approved by the target shareholders. As of March 6, 2025, the transaction was approved by the Ontario Superior Court of Justice. The transaction is expected to close on or about March 13, 2025. TD Securities Inc. is acting as lead financial advisor to Softchoice, and RBC Dominion Securities Inc. is acting as co-lead financial advisor to Softchoice. Origin Merchant Partners is acting as an independent financial advisor to the Board of Directors of Softchoice. TD Securities Inc. and RBC Dominion Securities Inc. acted as fairness opinion provider to the board of directors of Softchoice and Origin Merchant Partners acted as fairness opinion provider to its Special Committee. Stikeman Elliott LLP is acting as legal advisor to the Softchoice. BDT & MSD and BofA Securities are acting as financial advisors to WWT, while Blake, Cassels & Graydon LLP and Bryan Cave Leighton Paisner LLP are acting as legal advisors to WWT. Laurel Hill Advisory Group acted as information agent to Softchoice. Laurel Hill will be paid fees which are not expected to exceed CAD 0.06 million. TSX Trust Company acted as transfer agent and depositary bank to Softchoice. KPMG LLP acted as an auditor to Softchoice. World Wide Technology Holding Co, LLC completed the acquisition of Softchoice Corporation (TSX:SFTC) from Birch Hill Equity Partners IV, L.P., managed by Birch Hill Equity Partners and others on March 13, 2025. Pursuant to the Arrangement, World Wide Technology acquired all of the issued and outstanding Shares, for a price of CAD 24.50 per Share, or CAD 1,478.242241 million in the aggregate. In connection with the closing of the Arrangement, it is expected that the Shares will be delisted from the Toronto Stock Exchange on or about March 14, 2025. Softchoice has also applied to cease to be a reporting issuer under applicable Canadian securities laws.
お知らせ • Jan 02Softchoice Expects to Delist from TSXSoftchoice Corporation and World Wide Technology announced that they have entered into an arrangement agreement for Softchoice to be acquired by WWT, via an all-cash transaction, which values Softchoice at an enterprise value of approximately CAD 1.8 billion. The company intends to hold the shareholders' meeting in March 2025, where the transaction will be considered and voted upon by shareholders of record. The transaction is also subject to court approval and customary closing conditions, including receipt of key regulatory approvals, is not subject to any financing condition and, assuming the timely receipt of all required key regulatory approvals, is expected to close in late First Quarter or early Second Quarter 2025. Following completion of the transaction, it is expected that the outstanding shares will be delisted from the TSX and that Softchoice will cease to be a reporting issuer in all applicable Canadian jurisdictions.
お知らせ • Jan 01World Wide Technology Holding Co, LLC entered into an arrangement agreement to acquire Softchoice Corporation (TSX:SFTC) from Birch Hill Equity Partners and others for CAD 1.5 billion.World Wide Technology Holding Co, LLC ("WWT") entered into an arrangement agreement to acquire Softchoice Corporation (TSX:SFTC) from Birch Hill Equity Partners and others for CAD 1.5 billion on December 31, 2024. Under the terms of the agreement, WWT, through an affiliate, will acquire all the issued and outstanding common shares of Softchoice for a price of CAD 24.50 per share. Following completion of the Transaction, it is expected that the outstanding shares will be delisted from the TSX and that Softchoice will cease to be a reporting issuer in all applicable Canadian jurisdictions. A termination fee of CAD 49 million would be payable by Softchoice in certain circumstances. The transaction is subject to the approval of Softchoice shareholders, court approval and customary closing conditions, including receipt of key regulatory approvals. The transaction is not subject to any financing condition. The board of directors of Softchoice unanimously approved the transaction following receipt of the unanimous recommendation of a committee of independent directors. The transaction is expected to close in late Q1 or early Q2 2025. TD Securities Inc. is acting as lead financial advisor to Softchoice, and RBC Dominion Securities Inc. is acting as co-lead financial advisor to Softchoice. Origin Merchant Partners is acting as an independent financial advisor to the Board of Directors of Softchoice. TD Securities Inc. and RBC Dominion Securities Inc. acted as fairness opinion provider to the board of directors of Softchoice and Origin Merchant Partners acted as fairness opinion provider to its Special Committee. Stikeman Elliott LLP is acting as legal advisor to the Softchoice. BDT & MSD and BofA Securities are acting as financial advisors to WWT, while Blake, Cassels & Graydon LLP and Bryan Cave Leighton Paisner LLP are acting as legal advisors to WWT.
Reported Earnings • Nov 10Third quarter 2024 earnings released: EPS: US$0.15 (vs US$0.14 in 3Q 2023)Third quarter 2024 results: EPS: US$0.15 (up from US$0.14 in 3Q 2023). Revenue: US$189.2m (up 3.9% from 3Q 2023). Net income: US$9.03m (up 8.0% from 3Q 2023). Profit margin: 4.8% (up from 4.6% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
お知らせ • Nov 08Softchoice Corporation Declares Quarterly Dividend for the Period from October 1, 2024 to December 31, 2024, Payable on January 10, 2025On November 7, 2024, the board of Softchoice Corporation declared a quarterly dividend of CAD 0.13 per common share for the period from October 1, 2024 to December 31, 2024 to be paid on January 10, 2025 to shareholders of record at the close of business on December 31, 2024.
お知らせ • Oct 07Softchoice Corporation to Report Q3, 2024 Results on Nov 08, 2024Softchoice Corporation announced that they will report Q3, 2024 results Pre-Market on Nov 08, 2024
Upcoming Dividend • Sep 20Upcoming dividend of CA$0.13 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 11 October 2024. Payout ratio is a comfortable 55% but the company is paying out more than the cash it is generating. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.8%).
Declared Dividend • Aug 14Second quarter dividend of CA$0.13 announcedShareholders will receive a dividend of CA$0.13. Ex-date: 27th September 2024 Payment date: 11th October 2024 Dividend yield will be 25%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 19% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 11Second quarter 2024 earnings released: EPS: US$0.20 (vs US$0.24 in 2Q 2023)Second quarter 2024 results: EPS: US$0.20 (down from US$0.24 in 2Q 2023). Revenue: US$193.0m (down 7.0% from 2Q 2023). Net income: US$12.1m (down 14% from 2Q 2023). Profit margin: 6.3% (down from 6.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.
お知らせ • Aug 09Softchoice Corporation Declares Quarterly Dividend for the Period from July 1, 2024 to September 30, 2024, payable October 11, 2024Softchoice Corporation declared a quarterly dividend of CAD. $0.13 per Common Share for the period from July 1, 2024 to September 30, 2024 to be paid on October 11, 2024 to shareholders of record at the close of business on September 30, 2024, representing an approximate 18% increase over Third Quarter 2023. The dividend to which this notice relates is an eligible dividend for tax purposes.
お知らせ • Jul 10Softchoice Corporation to Report Q2, 2024 Results on Aug 09, 2024Softchoice Corporation announced that they will report Q2, 2024 results Pre-Market on Aug 09, 2024
お知らせ • May 31Softchoice Corporation Elects New Director, Martha ToryAt the AGM, held on May 30, 2024, Softchoice Corporation's shareholders elected one new director, Martha Tory.
Declared Dividend • May 12First quarter dividend of CA$0.13 announcedShareholders will receive a dividend of CA$0.13. Ex-date: 28th June 2024 Payment date: 12th July 2024 Dividend yield will be 26%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 19% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • May 09Softchoice Corporation Declares Quarterly Dividend for the Period from April 1, 2024 to June 30, 2024, Payable on July 12, 2024On May 7, 2024, the Board of Softchoice Corporation declared a quarterly dividend of CAD 0.13 per Common Share for the period from April 1, 2024 to June 30, 2024 to be paid on July 12, 2024 to shareholders of record at the close of business on June 28, 2024, representing an approximate 18% increase over Second Quarter 2023.
Reported Earnings • May 08First quarter 2024 earnings released: US$0.02 loss per share (vs US$0.078 profit in 1Q 2023)First quarter 2024 results: US$0.02 loss per share (down from US$0.078 profit in 1Q 2023). Revenue: US$169.8m (down 19% from 1Q 2023). Net loss: US$1.03m (down 123% from profit in 1Q 2023). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany.
お知らせ • Apr 09Softchoice Corporation to Report Q1, 2024 Results on May 08, 2024Softchoice Corporation announced that they will report Q1, 2024 results Pre-Market on May 08, 2024
Valuation Update With 7 Day Price Move • Mar 28Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to €11.80, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 19x in the Electronic industry in Germany. Total returns to shareholders of 36% over the past year.
Upcoming Dividend • Mar 20Upcoming dividend of CA$4.13 per shareEligible shareholders must have bought the stock before 27 March 2024. Payment date: 12 April 2024. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (5.0%). Higher than average of industry peers (1.4%).
お知らせ • Mar 19Softchoice Corporation, Annual General Meeting, May 30, 2024Softchoice Corporation, Annual General Meeting, May 30, 2024.
Declared Dividend • Mar 11Fourth quarter dividend of CA$4.13 announcedShareholders will receive a dividend of CA$4.13. Ex-date: 27th March 2024 Payment date: 12th April 2024 Dividend yield will be 31%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 20% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 06+ 1 more updateSoftchoice Corporation Declares Special Dividend, Payable on April 12, 2024The Board of Softchoice Corporation declared a special dividend of CAD 4.00 per Common Share to be paid on April 12, 2024 to shareholders of record at the close of business on March 28, 2024.
Reported Earnings • Mar 06Full year 2023 earnings released: EPS: US$0.79 (vs US$0.37 in FY 2022)Full year 2023 results: EPS: US$0.79 (up from US$0.37 in FY 2022). Revenue: US$816.4m (down 12% from FY 2022). Net income: US$46.0m (up 112% from FY 2022). Profit margin: 5.6% (up from 2.3% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electronic industry in Germany.
お知らせ • Feb 02Softchoice Launches Subscription Licensing ServicesSoftchoice has launched SAM+, a suite of software asset management solutions and services to efficiently manage the complexities of subscription-based licensing. SAM+ comprises solutions for every stage of the subscription journey, including assessment, planning, transition, and deployment and adoption services that can be implemented independently or integrated, depending on an organization's maturity. With more than 680 technical resources, including partner-specific experts, Softchoice currently manages more than 6,400 enterprise agreements and software contracts, and delivers more than 630 software assessments and more than 1,000 Software Lifecycle Service engagements annually. Customers benefit from Softchoice's extensive multi-vendor support, with industry partnerships across major software vendors, including Microsoft, VMware, Cisco, Adobe, and Red Hat. A range of high value and low commitment offers with several fully funded services also mean that companies partnering with Softchoice can see cost savings without upfront investments.
お知らせ • Jan 30Softchoice Corporation to Report Q4, 2023 Results on Mar 05, 2024Softchoice Corporation announced that they will report Q4, 2023 results Pre-Market on Mar 05, 2024
New Risk • Dec 31New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (180% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.4% increase in shares outstanding).
Upcoming Dividend • Dec 21Upcoming dividend of CA$0.11 per share at 2.8% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 12 January 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.5%).
お知らせ • Nov 10+ 1 more updateSoftchoice Corporation Announces Board ChangesSoftchoice Corporation announced the appointment of John MacIntyre to its Board of Directors. Mr. MacIntyre is co-founder and Partner at Birch Hill Equity Partners. Prior to Birch Hill, he co-founded the Canadian mid-market Private Equity Group within TD Capital. Mr. MacIntyre currently serves on the Board of TD Bank and Sport Maska Inc. and previously served as Chair of HomeEquity Bank. Mr. MacIntyre will replace Felix-Etienne Lebel as Lead Independent Director of Softchoice’s Board and chair of the corporate governance and nominating committee of the Board.
Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: US$0.14 (vs US$0.14 loss in 3Q 2022)Third quarter 2023 results: EPS: US$0.14 (up from US$0.14 loss in 3Q 2022). Revenue: US$182.2m (down 18% from 3Q 2022). Net income: US$8.35m (up US$16.3m from 3Q 2022). Profit margin: 4.6% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany.
お知らせ • Oct 12Softchoice Corporation to Report Q3, 2023 Results on Nov 09, 2023Softchoice Corporation announced that they will report Q3, 2023 results on Nov 09, 2023
Upcoming Dividend • Sep 21Upcoming dividend of CA$0.11 per share at 2.8% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 13 October 2023. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.5%).
Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: US$0.24 (vs US$0.13 in 2Q 2022)Second quarter 2023 results: EPS: US$0.24 (up from US$0.13 in 2Q 2022). Revenue: US$207.6m (down 18% from 2Q 2022). Net income: US$14.1m (up 81% from 2Q 2022). Profit margin: 6.8% (up from 3.1% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany.
お知らせ • Aug 12Softchoice Corporation Declares Quarterly Dividend, Payable on October 13, 2023On August 10, 2023, the Softchoice Corporation declared a quarterly dividend of CAD 0.11 per Common Share for the period from July 1, 2023, to September 30, 2023, to be paid on October 13, 2023, to shareholders of record at the close of business on September 29, 2023, representing an approximate 22% increase over third quarter of 2022.
お知らせ • Jul 12Softchoice Corporation to Report Q2, 2023 Results on Aug 11, 2023Softchoice Corporation announced that they will report Q2, 2023 results Pre-Market on Aug 11, 2023
Upcoming Dividend • Jun 22Upcoming dividend of CA$0.11 per share at 2.5% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.2%).
お知らせ • Jun 03Softchoice Corporation Announces Election of Andrew Caprara as DirectorSoftchoice Corporation announced election of Andrew Caprara as director at the Annual General Meeting held on May 31, 2023.
Recent Insider Transactions • May 22Senior VP of Legal recently sold €233k worth of stockOn the 16th of May, Habeeb Syed sold around 20k shares on-market at roughly €11.63 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.9m more than they bought in the last 12 months.
Reported Earnings • May 14First quarter 2023 earnings released: EPS: US$0.08 (vs US$0.063 in 1Q 2022)First quarter 2023 results: EPS: US$0.08 (up from US$0.063 in 1Q 2022). Revenue: US$208.8m (down 6.3% from 1Q 2022). Net income: US$4.54m (up 22% from 1Q 2022). Profit margin: 2.2% (up from 1.7% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Germany.
お知らせ • May 13Softchoice Corporation Declares Quarterly Dividend for the Period from April 1, 2023, to June 30, 2023, Payable on July 14, 2023Softchoice Corporation announced that on May 11, 2023, the Board declared a quarterly dividend of CAD 0.11 per Common Share for the period from April 1, 2023, to June 30, 2023, to be paid on July 14, 2023, to shareholders of record at the close of business on June 30, 2023.
Valuation Update With 7 Day Price Move • Apr 27Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €10.70, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Electronic industry in Germany. Total loss to shareholders of 34% over the past year.
Upcoming Dividend • Mar 23Upcoming dividend of CA$0.11 per share at 2.8% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 14 April 2023. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.0%).
Reported Earnings • Mar 10Full year 2022 earnings released: EPS: US$0.37 (vs US$0.21 loss in FY 2021)Full year 2022 results: EPS: US$0.37 (up from US$0.21 loss in FY 2021). Revenue: US$928.2m (up 2.8% from FY 2021). Net income: US$21.8m (up US$33.3m from FY 2021). Profit margin: 2.3% (up from net loss in FY 2021). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electronic industry in Germany.
お知らせ • Feb 09Softchoice Corporation to Report Q4, 2022 Results on Mar 09, 2023Softchoice Corporation announced that they will report Q4, 2022 results Pre-Market on Mar 09, 2023
お知らせ • Jan 11Softchoice Announces Leadership Transition PlanSoftchoice Corporation announced a phased leadership transition plan for Management and the Board. Effective, Chief Operating Officer Andrew Caprara has been appointed President, in addition to his current role, and will become President & CEO following the Company’s Annual General Meeting (“AGM”), anticipated to be on May 31, 2023. At this time and subject to applicable shareholder approval, Chief Executive Officer Vince De Palma will become Executive Chair for an anticipated period of one to two years as part of the leadership transition. Current Board Chair Félix-Etienne Lebel is anticipated to become Lead Independent Director. Today’s announcement aligns with the first day of Softchoice’s annual Company-wide internal conference.
Upcoming Dividend • Dec 22Upcoming dividend of CA$0.09 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 13 January 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.1%).
Valuation Update With 7 Day Price Move • Dec 08Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €9.45, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 19x in the Electronic industry in Germany. Total loss to shareholders of 40% over the past year.
Reported Earnings • Nov 16Third quarter 2022 earnings released: US$0.14 loss per share (vs US$0.037 loss in 3Q 2021)Third quarter 2022 results: US$0.14 loss per share (further deteriorated from US$0.037 loss in 3Q 2021). Revenue: US$222.1m (up 12% from 3Q 2021). Net loss: US$7.96m (loss widened 259% from 3Q 2021). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany.
Reported Earnings • Nov 11Third quarter 2022 earnings released: US$0.14 loss per share (vs US$0.037 loss in 3Q 2021)Third quarter 2022 results: US$0.14 loss per share (further deteriorated from US$0.037 loss in 3Q 2021). Revenue: US$222.1m (up 12% from 3Q 2021). Net loss: US$7.96m (loss widened 259% from 3Q 2021). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany.
Upcoming Dividend • Sep 21Upcoming dividend of CA$0.09 per shareEligible shareholders must have bought the stock before 28 September 2022. Payment date: 14 October 2022. Payout ratio is on the higher end at 96%, however this is supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (5.0%). Higher than average of industry peers (1.2%).
Recent Insider Transactions • Aug 27Independent Director recently sold €50k worth of stockOn the 19th of August, Anthony Gibbons sold around 3k shares on-market at roughly €16.71 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €5.4m more than they bought in the last 12 months.
Reported Earnings • Aug 13Second quarter 2022 earnings released: EPS: US$0.13 (vs US$0.30 loss in 2Q 2021)Second quarter 2022 results: EPS: US$0.13 (up from US$0.30 loss in 2Q 2021). Revenue: US$254.3m (up 20% from 2Q 2021). Net income: US$7.79m (up US$22.7m from 2Q 2021). Profit margin: 3.1% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 10%, compared to a 18% growth forecast for the industry in Germany.
Upcoming Dividend • Jun 22Upcoming dividend of CA$0.09 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 15 July 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (1.2%).
お知らせ • Jun 01Softchoice Corporation Elects Sylvie Veilleux as DirectorSoftchoice Corporation at the annual general meeting of shareholders held on May 31, 2022 approved election of Sylvie Veilleux as director.
Reported Earnings • May 13First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: US$222.9m (down 4.4% from 1Q 2021). Net income: US$3.73m (up US$5.51m from 1Q 2021). Profit margin: 1.7% (up from net loss in 1Q 2021). Over the next year, revenue is forecast to grow 14%, compared to a 25% growth forecast for the industry in Germany.
お知らせ • Apr 13Softchoice Corporation to Report Q1, 2022 Results on May 12, 2022Softchoice Corporation announced that they will report Q1, 2022 results Pre-Market on May 12, 2022
Upcoming Dividend • Mar 23Upcoming dividend of CA$0.09 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 14 April 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (0.8%).
Recent Insider Transactions • Mar 12Independent Director recently sold €85k worth of stockOn the 8th of March, Anthony Gibbons sold around 5k shares on-market at roughly €16.98 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.6m more than they bought in the last 12 months.
お知らせ • Mar 06Softchoice Corporation Declares Quarterly Cash Dividend for the Period from January 1, 2022 to March 31, 2022, Payable on April 14, 2022On March 3, 2022, Softchoice Corporation's Board of Directors approved a 29% increase in quarterly cash dividends to CAD 0.09 per common share from CAD 0.07 per Common Share. As such, the Company has declared a cash dividend (the “Dividend”) in the amount of CAD 0.09 per Common Share of the Company for the period from January 1, 2022 to March 31, 2022, payable as of April 14, 2022, to shareholders of record at the close of business on March 31, 2022.
Reported Earnings • Mar 05Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: US$0.22 loss per share (down from US$0.011 loss in FY 2020). Revenue: US$903.1m (up 7.9% from FY 2020). Net loss: US$11.5m (loss widened US$11.0m from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 14%, compared to a 24% growth forecast for the industry in Germany.
お知らせ • Feb 15Softchoice Corporation to Report Q4, 2021 Results on Mar 04, 2022Softchoice Corporation announced that they will report Q4, 2021 results Pre-Market on Mar 04, 2022
Upcoming Dividend • Dec 23Upcoming dividend of CA$0.07 per shareEligible shareholders must have bought the stock before 30 December 2021. Payment date: 14 January 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (0.6%).
Reported Earnings • Nov 13Third quarter 2021 earnings released: US$0.04 loss per shareThe company reported a soft third quarter result with weaker control over costs, although losses were stable and revenues were flat. Third quarter 2021 results: Revenue: US$199.0m (flat on 3Q 2020). Net loss: US$2.21m (flat on 3Q 2020).
Recent Insider Transactions • Oct 20Director recently sold €2.1m worth of stockOn the 15th of October, David MacDonald sold around 104k shares on-market at roughly €20.56 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.6m more than they bought in the last 12 months.
Breakeven Date Change • Sep 22Forecast to breakeven in 2021The 5 analysts covering Softchoice expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$6.36m in 2021. Earnings growth of 46% is required to achieve expected profit on schedule.
お知らせ • Aug 14Softchoice Corporation Anticipates Paying Quarterly Cash Dividend, Payable on or About October 15, 2021Softchoice Corporation anticipates paying quarterly cash dividends estimated to be approximately CAD 0.07 per common share. The Company’s first cash dividend, which will be for the period from and including the initial public offering closing date to September 30, 2021, is expected to be paid on or about October 15, 2021 to shareholders of record on September 30, 2021 and is estimated to be CAD 0.093 per Common Share.
Breakeven Date Change • Aug 14Forecast to breakeven in 2021The 4 analysts covering Softchoice expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$23.6m in 2021. Earnings growth of 35% is required to achieve expected profit on schedule.
Valuation Update With 7 Day Price Move • Jul 17Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to US$16.46, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 26x in the Electronic industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €24.90 per share.