View Past PerformanceThis company listing is no longer activeThis company may still be operating, however this listing is no longer active.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 대차대조표 건전성재무 건전성 기준 점검 4/6mdf commerce 의 총 주주 지분은 CA$238.5M 이고 총 부채는 CA$1.2M, 이는 부채 대 자기자본 비율을 0.5% 로 가져옵니다. 총자산과 총부채는 각각 CA$304.8M 및 CA$66.4M 입니다.핵심 정보0.52%부채/자본 비율CA$1.24m부채이자보상배율n/a현금CA$5.02m자본CA$238.45m총부채CA$66.36m총자산CA$304.81m최근 재무 건전성 업데이트공시 • 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.공시 • 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.공시 • 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.모든 업데이트 보기Recent updates공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.New Risk • Feb 16New major risk - Revenue and earnings growthEarnings have declined by 30% 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. This is currently the only risk that has been identified for the company.공시 • 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, 2024분석 기사 • Nov 14We Think That There Are Some Issues For mdf commerce (TSE:MDF) Beyond Its Promising Earningsmdf commerce inc.'s ( TSE:MDF ) robust recent earnings didn't do much to move the stock. We believe that shareholders...Reported Earnings • Nov 10Second 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 6.8% growth forecast for the Interactive Media and Services industry in Canada. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.공시 • 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, 2023분석 기사 • Sep 13Shareholders May Be Wary Of Increasing mdf commerce inc.'s (TSE:MDF) CEO Compensation PackageKey Insights mdf commerce's Annual General Meeting to take place on 19th of September CEO Luc Filiatreault's total...Price Target Changed • Sep 03Price target increased by 13% to CA$4.50Up from CA$4.00, the current price target is an average from 4 analysts. New target price is 34% above last closing price of CA$3.37. Stock is up 48% over the past year. The company posted a net loss per share of CA$1.93 last year.New Risk • Aug 12New 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 9.3% growth forecast for the Interactive Media and Services industry in Canada. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.Buying Opportunity • Jul 06Now 20% undervaluedOver the last 90 days, the stock is up 19%. The fair value is estimated to be CA$4.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has declined by 59%. Revenue is forecast to grow by 0.3% in a year. Earnings is forecast to grow by 87% in the next year.분석 기사 • Jul 05Estimating The Fair Value Of mdf commerce inc. (TSE:MDF)Key Insights mdf commerce's estimated fair value is CA$4.73 based on 2 Stage Free Cash Flow to Equity mdf commerce's...공시 • Jun 29mdf commerce inc., Annual General Meeting, Sep 19, 2023mdf commerce inc., Annual General Meeting, Sep 19, 2023. Agenda: Annual General and Special Meeting.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).Reported Earnings • Jun 29Full year 2023 earnings: EPS exceeds analyst expectationsFull 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). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.공시 • 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, 2023Price Target Changed • Jun 12Price target decreased by 13% to CA$4.00Down from CA$4.62, the current price target is an average from 4 analysts. New target price is 16% above last closing price of CA$3.46. Stock is up 21% over the past year. The company is forecast to post a net loss per share of CA$2.59 next year compared to a net loss per share of CA$0.64 last year.공시 • 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.Major Estimate Revision • Feb 20Consensus EPS estimates upgraded to CA$1.92 lossThe consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -CA$2.23 to -CA$1.92 per share. Revenue forecast steady at CA$127.8m. Interactive Media and Services industry in Canada expected to see average net income growth of 17% next year. Consensus price target up from CA$4.62 to CA$4.92. Share price was steady at CA$3.64 over the past week.Reported Earnings • Feb 14Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird 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 exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to stay flat during the next 2 years compared to a 5.0% growth forecast for the Interactive Media and Services industry in Canada. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.공시 • 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, 2023Major Estimate Revision • Nov 21Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 expected loss increased from -CA$0.44 to -CA$2.23 per share. Revenue forecast unchanged at CA$126.1m. Interactive Media and Services industry in Canada expected to see average net income growth of 2.7% next year. Consensus price target broadly unchanged at CA$4.45. Share price fell 13% to CA$2.96 over the past week.Reported Earnings • Nov 16Second quarter 2023 earnings: EPS misses analyst expectationsSecond quarter 2023 results: CA$2.04 loss per share (further deteriorated from CA$0.19 loss in 2Q 2022). Revenue: CA$33.2m (up 32% from 2Q 2022). Net loss: CA$89.8m (loss widened CA$83.5m from 2Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Interactive Media and Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.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.Price Target Changed • Oct 06Price target increased to CA$4.33Up from CA$3.50, the current price target is an average from 6 analysts. New target price is 44% above last closing price of CA$3.01. Stock is down 52% over the past year. The company is forecast to post a net loss per share of CA$0.39 next year compared to a net loss per share of CA$0.64 last year.공시 • Oct 06SPS Commerce, Inc. (NasdaqGS:SPSC) acquired InterTrade Systems, Inc. from mdf commerce inc. (TSX:MDF) for CAD 65.8 million.SPS Commerce, Inc. (NasdaqGS:SPSC) acquired InterTrade Systems, Inc. from mdf commerce inc. (TSX:MDF) for CAD 65.8 million on October 5, 2022. SPS acquired all the issued and outstanding shares of InterTrade for a total, all-cash consideration, subject to certain customary post-closing adjustments. The total consideration consists of an upfront payment of CAD 62.7 million, which is net of amounts in escrow for customary indemnification purposes and the completion of certain transition services within prescribed timing, the whole subject to customary purchase price adjustments. The proceeds from the sale will be used to repay the mdf commerce’s term facility of CAD 21.7 million in full at Closing. The balance of net proceeds will go towards repaying the mdf commerce’s revolving facility drawn in US and Canadian dollars. SPS Commerce, Inc. (NasdaqGS:SPSC) completed the acquisition of InterTrade Systems, Inc. from mdf commerce inc. (TSX:MDF) on October 5, 2022.공시 • Sep 21mdf commerce inc. Announces Executive Changesmdf commerce inc. at the annual general meeting held on September 20, 2022, elected Brian Nelson on the Board of Directors and Ms. Catherine Roy, Mr. Gilles Laporte and Mr. Jean-François Sabourin did not stand for re-election at the Meeting.Major Estimate Revision • Aug 18Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 revenue forecast increased from CA$130.8m to CA$132.9m. Forecast EPS reduced from -CA$0.31 to -CA$0.40 per share. Interactive Media and Services industry in Canada expected to see average net income growth of 1.7% next year. Consensus price target down from CA$3.80 to CA$3.60. Share price rose 21% to CA$2.03 over the past week.Price Target Changed • Aug 15Price target decreased to CA$3.60Down from CA$4.00, the current price target is an average from 4 analysts. New target price is 74% above last closing price of CA$2.07. Stock is down 73% over the past year. The company is forecast to post a net loss per share of CA$0.33 next year compared to a net loss per share of CA$0.64 last year.Reported Earnings • Aug 12First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFirst 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). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 70%. Over the next year, revenue is forecast to grow 13%, compared to a 18% growth forecast for the industry in Canada.공시 • Aug 04mdf commerce inc. to Report Q1, 2023 Results on Aug 11, 2022mdf commerce inc. announced that they will report Q1, 2023 results on Aug 11, 2022Board 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.Major Estimate Revision • Jul 06Consensus revenue estimates fall by 12%The consensus outlook for revenues in 2023 has deteriorated. 2023 revenue forecast decreased from CA$147.9m to CA$130.8m. Forecast losses increased from -CA$0.28 to -CA$0.31 per share. Interactive Media and Services industry in Canada expected to see average net income growth of 3.4% next year. Consensus price target down from CA$6.80 to CA$4.00. Share price fell 42% to CA$1.92 over the past week.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.공시 • Jul 01mdf commerce inc., Annual General Meeting, Sep 20, 2022mdf commerce inc., Annual General Meeting, Sep 20, 2022.Reported Earnings • Jun 30Full year 2022 earnings: EPS and revenues miss analyst expectationsFull 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). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 25%. Over the next year, revenue is forecast to grow 37%, compared to a 23% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings.공시 • Jun 01mdf commerce inc. to Report Q4, 2022 Results on Jun 29, 2022mdf commerce inc. announced that they will report Q4, 2022 results on Jun 29, 2022Price Target Changed • May 12Price target decreased to CA$6.80Down from CA$7.33, the current price target is an average from 4 analysts. New target price is 182% above last closing price of CA$2.41. Stock is down 80% over the past year. The company is forecast to post a net loss per share of CA$0.51 next year compared to a net loss per share of CA$0.38 last year.분석 기사 • Apr 22At CA$2.63, Is It Time To Put mdf commerce inc. (TSE:MDF) On Your Watch List?mdf commerce inc. ( TSE:MDF ), is not the largest company out there, but it received a lot of attention from a...Major Estimate Revision • Feb 16Consensus EPS estimates fall by 21%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CA$116.0m to CA$111.4m. Losses expected to increase from CA$0.42 per share to CA$0.51. Interactive Media and Services industry in Canada expected to see average net income growth of 1.6% next year. Consensus price target down from CA$10.10 to CA$8.00. Share price rose 13% to CA$4.86 over the past week.Reported Earnings • Feb 12Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird 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%. Earnings per share (EPS) exceeded analyst estimates by 57%. Over the next year, revenue is forecast to grow 40%, compared to a 38% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.공시 • Feb 04mdf commerce inc. to Report Q3, 2022 Results on Feb 09, 2022mdf commerce inc. announced that they will report Q3, 2022 results on Feb 09, 2022Buying Opportunity • Jan 19Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 19%. The fair value is estimated to be CA$6.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has been flat over the last 3 years.분석 기사 • Dec 16Is It Too Late To Consider Buying mdf commerce inc. (TSE:MDF)?mdf commerce inc. ( TSE:MDF ), is not the largest company out there, but it received a lot of attention from a...Reported Earnings • Nov 13Second 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). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.Recent Insider Transactions • Oct 03Independent Director recently bought CA$74k worth of stockOn the 30th of September, Christian Dumont bought around 12k shares on-market at roughly CA$6.03 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$564k more in shares than they have sold in the last 12 months.Executive Departure • Sep 17Independent Director Gilles Laurin has left the companyOn the 9th of September, Gilles Laurin's tenure as Independent Director ended after 12.6 years in the role. As of June 2021, Gilles still personally held only 3.00k shares (CA$33k worth at the time). A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 1.83 years, which is considered inexperienced in the Simply Wall St Risk Model.공시 • Sep 02mdf commerce inc. has completed a Follow-on Equity Offering in the amount of CAD 67.84 million.mdf commerce inc. has completed a Follow-on Equity Offering in the amount of CAD 67.84 million. Security Name: Subscription Receipts Security Type: Common Stock Securities Offered: 8,480,000 Price\Range: CAD 8 Discount Per Security: CAD 0.4공시 • Sep 01+ 1 more updatemdf commerce inc. announced that it has received CAD 52.619112 million in funding from Fonds de solidarité FTQ, Investissement QuébecOn August 31, 2021, mdf commerce inc. closed the transaction.Reported Earnings • Aug 13First quarter 2022 earnings released: CA$0.15 loss per share (vs CA$0.075 loss in 1Q 2021)The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: CA$22.6m (up 9.9% from 1Q 2021). Net loss: CA$4.29m (loss widened 246% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.공시 • Aug 12+ 1 more updatemdf commerce inc. announced that it expects to receive CAD 52.619112 million in funding from Fonds de solidarité FTQ, Investissement Québecmdf commerce inc. announced a private placement of 6,577,389 subscription receipts at an issue price of CAD 8 per receipt for gross proceeds of CAD 52,619,112 on August 11, 2021. The transaction will include participation from returning investors Fonds de solidarité FTQ for 3,587,667 receipts and Investissement Québec for 2,989,722 receipts. Each subscription receipt will entitle the holder thereof to receive, upon the satisfaction of certain conditions, one common share. The receipts will be subject to a four month hold from the closing date of the transaction. The transaction is subject to the approval of the TSX. The transaction is expected to close concurrently with the public offering.Major Estimate Revision • Jun 16Consensus forecasts updatedThe consensus outlook for 2022 has been updated. Expected to report loss instead of -CA$0.15 instead of CA$0.013 per share profit previously forecast. . Revenue forecast unchanged at CA$96.9m Interactive Media and Services industry in Canada expected to see average net income decline 3.3% next year. Consensus price target down from CA$18.50 to CA$16.30. Share price fell 3.7% to CA$10.00 over the past week.Reported Earnings • Jun 12Full year 2021 earnings released: CA$0.38 loss per share (vs CA$0.39 loss in FY 2020)The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: CA$84.7m (up 12% from FY 2020). Net loss: CA$7.59m (loss widened 32% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Price Target Changed • Jun 12Price target decreased to CA$16.30Down from CA$18.50, the current price target is an average from 5 analysts. New target price is 56% above last closing price of CA$10.43. Stock is up 74% over the past year.분석 기사 • May 04Estimating The Fair Value Of mdf commerce inc. (TSE:MDF)Today we'll do a simple run through of a valuation method used to estimate the attractiveness of mdf commerce inc...분석 기사 • Mar 21Why mdf commerce inc. (TSE:MDF) Could Be Worth WatchingWhile mdf commerce inc. ( TSE:MDF ) might not be the most widely known stock at the moment, it received a lot of...Price Target Changed • Mar 20Price target decreased to CA$17.90Down from CA$19.75, the current price target is an average from 5 analysts. New target price is 43% above last closing price of CA$12.56. Stock is up 357% over the past year.Recent Insider Transactions • Mar 18Independent Director recently bought CA$102k worth of stockOn the 15th of March, Jean-François Sabourin bought around 7k shares on-market at roughly CA$14.50 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold CA$4.4m more in shares than they bought in the last 12 months.공시 • Mar 16mdf commerce inc. has completed a Follow-on Equity Offering in the amount of CAD 80.000009 million.mdf commerce inc. has completed a Follow-on Equity Offering in the amount of CAD 80.000009 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 5,517,242 Price\Range: CAD 14.5 Discount Per Security: CAD 0.8265공시 • Mar 11mdf Commerce Inc. Signs Five-Year Strategic Sourcing Renewal for Its Contract Lifecycle Management Solution with Premier Alaska Native Corporationmdf commerce inc. announced a five-year renewal agreement with Alutiiq Professional Consulting, LLC. APC is a sister company to Alutiiq, LLC. The renewed mdf commerce contract lifecycle management solution for APC has dramatically improved team collaboration and operational efficiency. This enterprise-grade solution streamlines the complete contract lifecycle, which provides uniform and comprehensive visibility to all contracts and ensures proactive and automated CLM processes. Included is efficient document storage and administration as well as dynamic search capability and reporting. Complying with US Federal Government regulations is of paramount importance to all federal contractors, and APC, Alutiiq and its companies can count on the CLM system’s integrated clause management feature to ensure the tracking of Federal Acquisition Regulation and Defense Federal Acquisition Regulation Supplement clauses, the associated versions, and the subsequent government regulations consistent with contracted tasks.공시 • Mar 05mdf commerce inc. Commerce Adds Enhanced Collaboration Features to its Contract Lifecycle Management Solutionmdf commerce inc. announced the launch of significant enhancements to its contract lifecycle management (CLM) solution called ASC. These improved features boost efficiencies for clients and underscore the commitment of mdf commerce to innovation and maintaining market leadership in the strategic sourcing and contract lifecycle management industries. These new capabilities include a complete workflow integration with the CLM and RFx modules allowing users to easily perform and track online document editing and review functions directly within the mdf commerce Strategic Sourcing modules. The advances equip users with progressive online document collaboration features such as: A single-view of in-progress collaborations; Task management such as task filters, collaborator status, review reminders and assignment delegation; Real-time notifications when reviewers are tagged for review or comments or tasks are assigned; The ability to add unlimited unlicensed and/or external collaborators; A version history which records a complete list of all document revisions and who made each change. These features are available standard in both out-of-the-box value and configurable premium solution offerings. The mdf commerce CLM and sourcing solutions are designed to create efficiencies for contract, RFx and invoicing management for international clients, including AIMCo (Alberta, Canada), BGIS and AMD (International), and thousands of government, education and healthcare agencies and systems across North America.공시 • Mar 04Mdf Commerce and Contentserv Join Forces to Deliver A Seamless Product Data Experience to Customersmdf commerce inc. delighted to announce a partnership between its Supply Chain platform InterTrade and Contentserv, a global Product Experience Platform leader. By combining the InterTrade Product Catalogue and Contentserv’s integrated Product Information Management (PIM) and Digital Asset Management (DAM) solution, clients will be able to easily manage and enrich large volumes of product data from multiple sources. This will enable them to deliver high-quality and consistent product content across all sales channels, in turn providing an outstanding product experience for end consumers. InterTrade’s Product Catalogue is used by major retailers to aggregate detailed and clean product data from many suppliers at once before it enters a PIM system. Contentserv’s PIM and DAM solution enables manufacturers and retailers to centrally enrich, validate, manage and share product information. This partnership allows both parties to provide an improved end-to-end information flow to clients that are seeking to reduce time to market while boosting efficiencies and global market opportunities.Executive Departure • Feb 21VP of Corporate Development & Chief Legal Officer has left the companyOn the 16th of February, Hélène Hallak's tenure as VP of Corporate Development & Chief Legal Officer ended after 1.2 years in the role. As of December 2020, Hélène personally held 21.42k shares (CA$263k worth at the time). A total of 2 executives have left over the last 12 months.Reported Earnings • Feb 12Third quarter 2021 earnings released: CA$0.14 loss per share (vs CA$0.13 loss in 3Q 2020)The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: CA$21.4m (up 18% from 3Q 2020). Net loss: CA$2.85m (loss widened 52% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Analyst Estimate Surprise Post Earnings • Feb 12Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 300%. Over the next year, revenue is forecast to grow 13%, compared to a 79% growth forecast for the Interactive Media and Services industry in Canada.분석 기사 • Feb 12Did You Miss mdf commerce's (TSE:MDF) Impressive 145% Share Price Gain?The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But if you pick the right...공시 • Feb 11+ 2 more updatesmdf commerce inc. Appoints Clément Gignac to Its Board of Directorsmdf commerce inc. appointed Clément Gignac to its Board of Directors. Mr. Gignac was nominated at the company’s Board meeting on February 10, 2021. Clément Gignac is a world-renowned expert in the fields of economy and finance, and a sought-after speaker. He is currently Senior Vice President, Investments and Chief Economist at iA Financial Group. In addition to his prolific political career where he was Minister for Economic Development and Minister of Natural Resources for the Québec government, he also worked as special advisor to the Canadian Finance deputy minister and represented Canada on one of the four G20 working groups. Mr. Gignac also worked for important financial institutions, notably the National Bank of Canada, and joined key committees of the World Economic Forum, as well as Washington’s prestigious Conference of Business Economists.공시 • Feb 05+ 1 more updatemdf commerce inc. Appoints Nicolas Vanasse as Vice President, Chief Legal Officer and Corporate SecretaryMDF COMMERCE INC announced appointment of Nicolas Vanasse as Vice-President, Chief Legal Officer and Corporate Secretary. Nicolas will be succeeding Helene Hallak, Vice-President, Corporate Development and Chief Legal Officer, who has decided to take up new challenges after 14 years with the company. Helene and Nicolas will be working together to ensure a smooth transition until her departure on February 19, 2021. Nicolas legal and management expertise combined with his experience in analyzing, structuring, negotiating and closing sophisticated commercial and corporate transactions will help facilitate mdf commerce M&A strategies.Is New 90 Day High Low • Feb 05New 90-day high: CA$15.95The company is up 61% from its price of CA$9.91 on 06 November 2020. The Canadian market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Interactive Media and Services industry, which is up 76% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CA$6.96 per share.공시 • Jan 26InterTrade Solution of Mdf Commerce to Provide Essential Digital Supply Chain Services to Indigomdf commerce inc. announces that Indigo Books & Music Inc. has signed a service agreement with InterTrade, the supply chain solution of mdf commerce for EDI fulfilment services. With this new partnership, Indigo underscores InterTrade’s reliable advanced supply chain technology and superior customer service. Through this agreement, mdf commerce provides cloud-based electronic fulfillment (EDI) services and vendor enablement support to Indigo. This helps to support Indigo’s growth objectives and improve operating efficiencies with vendors. This partnership also includes extensive additional support to further help Indigo implement industry best practices and optimize vendor supply chain processes.Is New 90 Day High Low • Jan 19New 90-day high: CA$14.01The company is up 40% from its price of CA$10.01 on 20 October 2020. The Canadian market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Interactive Media and Services industry, which is up 78% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CA$5.69 per share.공시 • Jan 13Mdf Commerce Strategic Sourcing Platform Successfully Implements Comprehensive Contract Lifecycle Management Solution for Alberta Investment Management Corporationmdf commerce inc. announced an agreement with the Alberta Investment Management Corporation and the successful implementation of CLM tools and services from its Strategic Sourcing ASC solution. The solution implemented for AIMCo enables effective online contract and invoice management, document storage and administration, robust searching and reporting as well as many other powerful features designed to streamline the contract and invoicing process and save the organization thousands of work hours through automation. From February to June 2020, close to 1,000 invoices were processed on the mdf commerce CLM system, representing $19 million in invoices.재무 상태 분석단기부채: MDF 의 단기 자산 ( CA$36.9M )은 단기 부채( CA$51.8M ).장기 부채: MDF의 단기 자산(CA$36.9M)이 장기 부채(CA$14.5M)를 초과합니다.부채/자본 비율 추이 및 분석부채 수준: MDF 총 부채보다 더 많은 현금을 보유하고 있습니다.부채 감소: MDF의 부채 대비 자본 비율은 지난 5년 동안 19.8%에서 0.5%로 감소했습니다.대차대조표현금 보유 기간 분석과거에 평균적으로 손실을 기록해 온 기업의 경우, 최소 1년 이상의 현금 보유 기간이 있는지 평가합니다.안정적인 현금 활주로: MDF 현재 무료 현금 흐름을 기준으로 1년 이상 충분한 현금 활주로를 보유하고 있습니다.예측 현금 활주로: MDF 의 여유 현금 흐름이 역사적 비율에 따라 계속 증가하거나 감소하는 경우 충분한 현금 활주로가 있는지 판단하기에는 데이터가 부족합니다.건전한 기업 찾아보기7D1Y7D1Y7D1YMedia 산업의 건실한 기업.View Dividend기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/05/17 20:10종가2024/05/17 00:00수익2023/12/31연간 수익2023/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스mdf commerce inc.는 10명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Nick CorcoranAcumen Capital Finance Partners LimitedJesse PytlakATB Cormark Historical (Cormark Securities)Deepak KaushalBMO Capital Markets Equity Research7명의 분석가 더 보기
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
New Risk • Feb 16New major risk - Revenue and earnings growthEarnings have declined by 30% 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. This is currently the only risk that has been identified for the company.
공시 • 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
분석 기사 • Nov 14We Think That There Are Some Issues For mdf commerce (TSE:MDF) Beyond Its Promising Earningsmdf commerce inc.'s ( TSE:MDF ) robust recent earnings didn't do much to move the stock. We believe that shareholders...
Reported Earnings • Nov 10Second 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 6.8% growth forecast for the Interactive Media and Services industry in Canada. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.
공시 • 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
분석 기사 • Sep 13Shareholders May Be Wary Of Increasing mdf commerce inc.'s (TSE:MDF) CEO Compensation PackageKey Insights mdf commerce's Annual General Meeting to take place on 19th of September CEO Luc Filiatreault's total...
Price Target Changed • Sep 03Price target increased by 13% to CA$4.50Up from CA$4.00, the current price target is an average from 4 analysts. New target price is 34% above last closing price of CA$3.37. Stock is up 48% over the past year. The company posted a net loss per share of CA$1.93 last year.
New Risk • Aug 12New 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 9.3% growth forecast for the Interactive Media and Services industry in Canada. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.
Buying Opportunity • Jul 06Now 20% undervaluedOver the last 90 days, the stock is up 19%. The fair value is estimated to be CA$4.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has declined by 59%. Revenue is forecast to grow by 0.3% in a year. Earnings is forecast to grow by 87% in the next year.
분석 기사 • Jul 05Estimating The Fair Value Of mdf commerce inc. (TSE:MDF)Key Insights mdf commerce's estimated fair value is CA$4.73 based on 2 Stage Free Cash Flow to Equity mdf commerce's...
공시 • Jun 29mdf commerce inc., Annual General Meeting, Sep 19, 2023mdf commerce inc., Annual General Meeting, Sep 19, 2023. Agenda: Annual General and Special Meeting.
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).
Reported Earnings • Jun 29Full year 2023 earnings: EPS exceeds analyst expectationsFull 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). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.
공시 • 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
Price Target Changed • Jun 12Price target decreased by 13% to CA$4.00Down from CA$4.62, the current price target is an average from 4 analysts. New target price is 16% above last closing price of CA$3.46. Stock is up 21% over the past year. The company is forecast to post a net loss per share of CA$2.59 next year compared to a net loss per share of CA$0.64 last year.
공시 • 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.
Major Estimate Revision • Feb 20Consensus EPS estimates upgraded to CA$1.92 lossThe consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -CA$2.23 to -CA$1.92 per share. Revenue forecast steady at CA$127.8m. Interactive Media and Services industry in Canada expected to see average net income growth of 17% next year. Consensus price target up from CA$4.62 to CA$4.92. Share price was steady at CA$3.64 over the past week.
Reported Earnings • Feb 14Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird 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 exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to stay flat during the next 2 years compared to a 5.0% growth forecast for the Interactive Media and Services industry in Canada. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
공시 • 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
Major Estimate Revision • Nov 21Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 expected loss increased from -CA$0.44 to -CA$2.23 per share. Revenue forecast unchanged at CA$126.1m. Interactive Media and Services industry in Canada expected to see average net income growth of 2.7% next year. Consensus price target broadly unchanged at CA$4.45. Share price fell 13% to CA$2.96 over the past week.
Reported Earnings • Nov 16Second quarter 2023 earnings: EPS misses analyst expectationsSecond quarter 2023 results: CA$2.04 loss per share (further deteriorated from CA$0.19 loss in 2Q 2022). Revenue: CA$33.2m (up 32% from 2Q 2022). Net loss: CA$89.8m (loss widened CA$83.5m from 2Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Interactive Media and Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
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.
Price Target Changed • Oct 06Price target increased to CA$4.33Up from CA$3.50, the current price target is an average from 6 analysts. New target price is 44% above last closing price of CA$3.01. Stock is down 52% over the past year. The company is forecast to post a net loss per share of CA$0.39 next year compared to a net loss per share of CA$0.64 last year.
공시 • Oct 06SPS Commerce, Inc. (NasdaqGS:SPSC) acquired InterTrade Systems, Inc. from mdf commerce inc. (TSX:MDF) for CAD 65.8 million.SPS Commerce, Inc. (NasdaqGS:SPSC) acquired InterTrade Systems, Inc. from mdf commerce inc. (TSX:MDF) for CAD 65.8 million on October 5, 2022. SPS acquired all the issued and outstanding shares of InterTrade for a total, all-cash consideration, subject to certain customary post-closing adjustments. The total consideration consists of an upfront payment of CAD 62.7 million, which is net of amounts in escrow for customary indemnification purposes and the completion of certain transition services within prescribed timing, the whole subject to customary purchase price adjustments. The proceeds from the sale will be used to repay the mdf commerce’s term facility of CAD 21.7 million in full at Closing. The balance of net proceeds will go towards repaying the mdf commerce’s revolving facility drawn in US and Canadian dollars. SPS Commerce, Inc. (NasdaqGS:SPSC) completed the acquisition of InterTrade Systems, Inc. from mdf commerce inc. (TSX:MDF) on October 5, 2022.
공시 • Sep 21mdf commerce inc. Announces Executive Changesmdf commerce inc. at the annual general meeting held on September 20, 2022, elected Brian Nelson on the Board of Directors and Ms. Catherine Roy, Mr. Gilles Laporte and Mr. Jean-François Sabourin did not stand for re-election at the Meeting.
Major Estimate Revision • Aug 18Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 revenue forecast increased from CA$130.8m to CA$132.9m. Forecast EPS reduced from -CA$0.31 to -CA$0.40 per share. Interactive Media and Services industry in Canada expected to see average net income growth of 1.7% next year. Consensus price target down from CA$3.80 to CA$3.60. Share price rose 21% to CA$2.03 over the past week.
Price Target Changed • Aug 15Price target decreased to CA$3.60Down from CA$4.00, the current price target is an average from 4 analysts. New target price is 74% above last closing price of CA$2.07. Stock is down 73% over the past year. The company is forecast to post a net loss per share of CA$0.33 next year compared to a net loss per share of CA$0.64 last year.
Reported Earnings • Aug 12First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFirst 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). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 70%. Over the next year, revenue is forecast to grow 13%, compared to a 18% growth forecast for the industry in Canada.
공시 • Aug 04mdf commerce inc. to Report Q1, 2023 Results on Aug 11, 2022mdf commerce inc. announced that they will report Q1, 2023 results on Aug 11, 2022
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.
Major Estimate Revision • Jul 06Consensus revenue estimates fall by 12%The consensus outlook for revenues in 2023 has deteriorated. 2023 revenue forecast decreased from CA$147.9m to CA$130.8m. Forecast losses increased from -CA$0.28 to -CA$0.31 per share. Interactive Media and Services industry in Canada expected to see average net income growth of 3.4% next year. Consensus price target down from CA$6.80 to CA$4.00. Share price fell 42% to CA$1.92 over the past week.
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.
공시 • Jul 01mdf commerce inc., Annual General Meeting, Sep 20, 2022mdf commerce inc., Annual General Meeting, Sep 20, 2022.
Reported Earnings • Jun 30Full year 2022 earnings: EPS and revenues miss analyst expectationsFull 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). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 25%. Over the next year, revenue is forecast to grow 37%, compared to a 23% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings.
공시 • Jun 01mdf commerce inc. to Report Q4, 2022 Results on Jun 29, 2022mdf commerce inc. announced that they will report Q4, 2022 results on Jun 29, 2022
Price Target Changed • May 12Price target decreased to CA$6.80Down from CA$7.33, the current price target is an average from 4 analysts. New target price is 182% above last closing price of CA$2.41. Stock is down 80% over the past year. The company is forecast to post a net loss per share of CA$0.51 next year compared to a net loss per share of CA$0.38 last year.
분석 기사 • Apr 22At CA$2.63, Is It Time To Put mdf commerce inc. (TSE:MDF) On Your Watch List?mdf commerce inc. ( TSE:MDF ), is not the largest company out there, but it received a lot of attention from a...
Major Estimate Revision • Feb 16Consensus EPS estimates fall by 21%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CA$116.0m to CA$111.4m. Losses expected to increase from CA$0.42 per share to CA$0.51. Interactive Media and Services industry in Canada expected to see average net income growth of 1.6% next year. Consensus price target down from CA$10.10 to CA$8.00. Share price rose 13% to CA$4.86 over the past week.
Reported Earnings • Feb 12Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird 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%. Earnings per share (EPS) exceeded analyst estimates by 57%. Over the next year, revenue is forecast to grow 40%, compared to a 38% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.
공시 • Feb 04mdf commerce inc. to Report Q3, 2022 Results on Feb 09, 2022mdf commerce inc. announced that they will report Q3, 2022 results on Feb 09, 2022
Buying Opportunity • Jan 19Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 19%. The fair value is estimated to be CA$6.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has been flat over the last 3 years.
분석 기사 • Dec 16Is It Too Late To Consider Buying mdf commerce inc. (TSE:MDF)?mdf commerce inc. ( TSE:MDF ), is not the largest company out there, but it received a lot of attention from a...
Reported Earnings • Nov 13Second 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). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
Recent Insider Transactions • Oct 03Independent Director recently bought CA$74k worth of stockOn the 30th of September, Christian Dumont bought around 12k shares on-market at roughly CA$6.03 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$564k more in shares than they have sold in the last 12 months.
Executive Departure • Sep 17Independent Director Gilles Laurin has left the companyOn the 9th of September, Gilles Laurin's tenure as Independent Director ended after 12.6 years in the role. As of June 2021, Gilles still personally held only 3.00k shares (CA$33k worth at the time). A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 1.83 years, which is considered inexperienced in the Simply Wall St Risk Model.
공시 • Sep 02mdf commerce inc. has completed a Follow-on Equity Offering in the amount of CAD 67.84 million.mdf commerce inc. has completed a Follow-on Equity Offering in the amount of CAD 67.84 million. Security Name: Subscription Receipts Security Type: Common Stock Securities Offered: 8,480,000 Price\Range: CAD 8 Discount Per Security: CAD 0.4
공시 • Sep 01+ 1 more updatemdf commerce inc. announced that it has received CAD 52.619112 million in funding from Fonds de solidarité FTQ, Investissement QuébecOn August 31, 2021, mdf commerce inc. closed the transaction.
Reported Earnings • Aug 13First quarter 2022 earnings released: CA$0.15 loss per share (vs CA$0.075 loss in 1Q 2021)The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: CA$22.6m (up 9.9% from 1Q 2021). Net loss: CA$4.29m (loss widened 246% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
공시 • Aug 12+ 1 more updatemdf commerce inc. announced that it expects to receive CAD 52.619112 million in funding from Fonds de solidarité FTQ, Investissement Québecmdf commerce inc. announced a private placement of 6,577,389 subscription receipts at an issue price of CAD 8 per receipt for gross proceeds of CAD 52,619,112 on August 11, 2021. The transaction will include participation from returning investors Fonds de solidarité FTQ for 3,587,667 receipts and Investissement Québec for 2,989,722 receipts. Each subscription receipt will entitle the holder thereof to receive, upon the satisfaction of certain conditions, one common share. The receipts will be subject to a four month hold from the closing date of the transaction. The transaction is subject to the approval of the TSX. The transaction is expected to close concurrently with the public offering.
Major Estimate Revision • Jun 16Consensus forecasts updatedThe consensus outlook for 2022 has been updated. Expected to report loss instead of -CA$0.15 instead of CA$0.013 per share profit previously forecast. . Revenue forecast unchanged at CA$96.9m Interactive Media and Services industry in Canada expected to see average net income decline 3.3% next year. Consensus price target down from CA$18.50 to CA$16.30. Share price fell 3.7% to CA$10.00 over the past week.
Reported Earnings • Jun 12Full year 2021 earnings released: CA$0.38 loss per share (vs CA$0.39 loss in FY 2020)The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: CA$84.7m (up 12% from FY 2020). Net loss: CA$7.59m (loss widened 32% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Price Target Changed • Jun 12Price target decreased to CA$16.30Down from CA$18.50, the current price target is an average from 5 analysts. New target price is 56% above last closing price of CA$10.43. Stock is up 74% over the past year.
분석 기사 • May 04Estimating The Fair Value Of mdf commerce inc. (TSE:MDF)Today we'll do a simple run through of a valuation method used to estimate the attractiveness of mdf commerce inc...
분석 기사 • Mar 21Why mdf commerce inc. (TSE:MDF) Could Be Worth WatchingWhile mdf commerce inc. ( TSE:MDF ) might not be the most widely known stock at the moment, it received a lot of...
Price Target Changed • Mar 20Price target decreased to CA$17.90Down from CA$19.75, the current price target is an average from 5 analysts. New target price is 43% above last closing price of CA$12.56. Stock is up 357% over the past year.
Recent Insider Transactions • Mar 18Independent Director recently bought CA$102k worth of stockOn the 15th of March, Jean-François Sabourin bought around 7k shares on-market at roughly CA$14.50 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold CA$4.4m more in shares than they bought in the last 12 months.
공시 • Mar 16mdf commerce inc. has completed a Follow-on Equity Offering in the amount of CAD 80.000009 million.mdf commerce inc. has completed a Follow-on Equity Offering in the amount of CAD 80.000009 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 5,517,242 Price\Range: CAD 14.5 Discount Per Security: CAD 0.8265
공시 • Mar 11mdf Commerce Inc. Signs Five-Year Strategic Sourcing Renewal for Its Contract Lifecycle Management Solution with Premier Alaska Native Corporationmdf commerce inc. announced a five-year renewal agreement with Alutiiq Professional Consulting, LLC. APC is a sister company to Alutiiq, LLC. The renewed mdf commerce contract lifecycle management solution for APC has dramatically improved team collaboration and operational efficiency. This enterprise-grade solution streamlines the complete contract lifecycle, which provides uniform and comprehensive visibility to all contracts and ensures proactive and automated CLM processes. Included is efficient document storage and administration as well as dynamic search capability and reporting. Complying with US Federal Government regulations is of paramount importance to all federal contractors, and APC, Alutiiq and its companies can count on the CLM system’s integrated clause management feature to ensure the tracking of Federal Acquisition Regulation and Defense Federal Acquisition Regulation Supplement clauses, the associated versions, and the subsequent government regulations consistent with contracted tasks.
공시 • Mar 05mdf commerce inc. Commerce Adds Enhanced Collaboration Features to its Contract Lifecycle Management Solutionmdf commerce inc. announced the launch of significant enhancements to its contract lifecycle management (CLM) solution called ASC. These improved features boost efficiencies for clients and underscore the commitment of mdf commerce to innovation and maintaining market leadership in the strategic sourcing and contract lifecycle management industries. These new capabilities include a complete workflow integration with the CLM and RFx modules allowing users to easily perform and track online document editing and review functions directly within the mdf commerce Strategic Sourcing modules. The advances equip users with progressive online document collaboration features such as: A single-view of in-progress collaborations; Task management such as task filters, collaborator status, review reminders and assignment delegation; Real-time notifications when reviewers are tagged for review or comments or tasks are assigned; The ability to add unlimited unlicensed and/or external collaborators; A version history which records a complete list of all document revisions and who made each change. These features are available standard in both out-of-the-box value and configurable premium solution offerings. The mdf commerce CLM and sourcing solutions are designed to create efficiencies for contract, RFx and invoicing management for international clients, including AIMCo (Alberta, Canada), BGIS and AMD (International), and thousands of government, education and healthcare agencies and systems across North America.
공시 • Mar 04Mdf Commerce and Contentserv Join Forces to Deliver A Seamless Product Data Experience to Customersmdf commerce inc. delighted to announce a partnership between its Supply Chain platform InterTrade and Contentserv, a global Product Experience Platform leader. By combining the InterTrade Product Catalogue and Contentserv’s integrated Product Information Management (PIM) and Digital Asset Management (DAM) solution, clients will be able to easily manage and enrich large volumes of product data from multiple sources. This will enable them to deliver high-quality and consistent product content across all sales channels, in turn providing an outstanding product experience for end consumers. InterTrade’s Product Catalogue is used by major retailers to aggregate detailed and clean product data from many suppliers at once before it enters a PIM system. Contentserv’s PIM and DAM solution enables manufacturers and retailers to centrally enrich, validate, manage and share product information. This partnership allows both parties to provide an improved end-to-end information flow to clients that are seeking to reduce time to market while boosting efficiencies and global market opportunities.
Executive Departure • Feb 21VP of Corporate Development & Chief Legal Officer has left the companyOn the 16th of February, Hélène Hallak's tenure as VP of Corporate Development & Chief Legal Officer ended after 1.2 years in the role. As of December 2020, Hélène personally held 21.42k shares (CA$263k worth at the time). A total of 2 executives have left over the last 12 months.
Reported Earnings • Feb 12Third quarter 2021 earnings released: CA$0.14 loss per share (vs CA$0.13 loss in 3Q 2020)The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: CA$21.4m (up 18% from 3Q 2020). Net loss: CA$2.85m (loss widened 52% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Analyst Estimate Surprise Post Earnings • Feb 12Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 300%. Over the next year, revenue is forecast to grow 13%, compared to a 79% growth forecast for the Interactive Media and Services industry in Canada.
분석 기사 • Feb 12Did You Miss mdf commerce's (TSE:MDF) Impressive 145% Share Price Gain?The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But if you pick the right...
공시 • Feb 11+ 2 more updatesmdf commerce inc. Appoints Clément Gignac to Its Board of Directorsmdf commerce inc. appointed Clément Gignac to its Board of Directors. Mr. Gignac was nominated at the company’s Board meeting on February 10, 2021. Clément Gignac is a world-renowned expert in the fields of economy and finance, and a sought-after speaker. He is currently Senior Vice President, Investments and Chief Economist at iA Financial Group. In addition to his prolific political career where he was Minister for Economic Development and Minister of Natural Resources for the Québec government, he also worked as special advisor to the Canadian Finance deputy minister and represented Canada on one of the four G20 working groups. Mr. Gignac also worked for important financial institutions, notably the National Bank of Canada, and joined key committees of the World Economic Forum, as well as Washington’s prestigious Conference of Business Economists.
공시 • Feb 05+ 1 more updatemdf commerce inc. Appoints Nicolas Vanasse as Vice President, Chief Legal Officer and Corporate SecretaryMDF COMMERCE INC announced appointment of Nicolas Vanasse as Vice-President, Chief Legal Officer and Corporate Secretary. Nicolas will be succeeding Helene Hallak, Vice-President, Corporate Development and Chief Legal Officer, who has decided to take up new challenges after 14 years with the company. Helene and Nicolas will be working together to ensure a smooth transition until her departure on February 19, 2021. Nicolas legal and management expertise combined with his experience in analyzing, structuring, negotiating and closing sophisticated commercial and corporate transactions will help facilitate mdf commerce M&A strategies.
Is New 90 Day High Low • Feb 05New 90-day high: CA$15.95The company is up 61% from its price of CA$9.91 on 06 November 2020. The Canadian market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Interactive Media and Services industry, which is up 76% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CA$6.96 per share.
공시 • Jan 26InterTrade Solution of Mdf Commerce to Provide Essential Digital Supply Chain Services to Indigomdf commerce inc. announces that Indigo Books & Music Inc. has signed a service agreement with InterTrade, the supply chain solution of mdf commerce for EDI fulfilment services. With this new partnership, Indigo underscores InterTrade’s reliable advanced supply chain technology and superior customer service. Through this agreement, mdf commerce provides cloud-based electronic fulfillment (EDI) services and vendor enablement support to Indigo. This helps to support Indigo’s growth objectives and improve operating efficiencies with vendors. This partnership also includes extensive additional support to further help Indigo implement industry best practices and optimize vendor supply chain processes.
Is New 90 Day High Low • Jan 19New 90-day high: CA$14.01The company is up 40% from its price of CA$10.01 on 20 October 2020. The Canadian market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Interactive Media and Services industry, which is up 78% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CA$5.69 per share.
공시 • Jan 13Mdf Commerce Strategic Sourcing Platform Successfully Implements Comprehensive Contract Lifecycle Management Solution for Alberta Investment Management Corporationmdf commerce inc. announced an agreement with the Alberta Investment Management Corporation and the successful implementation of CLM tools and services from its Strategic Sourcing ASC solution. The solution implemented for AIMCo enables effective online contract and invoice management, document storage and administration, robust searching and reporting as well as many other powerful features designed to streamline the contract and invoicing process and save the organization thousands of work hours through automation. From February to June 2020, close to 1,000 invoices were processed on the mdf commerce CLM system, representing $19 million in invoices.