View Future GrowthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsSoftchoice 과거 순이익 실적과거 기준 점검 2/6Softchoice은 연평균 61.1%의 비율로 수입이 증가해 온 반면, Electronic 산업은 연평균 3.8%의 비율로 증가했습니다. 매출은 연평균 3.1%의 비율로 감소했습니다.핵심 정보61.08%순이익 성장률59.72%주당순이익(EPS) 성장률Electronic 산업 성장률18.24%매출 성장률-3.11%자기자본이익률n/a순이익률5.09%최근 순이익 업데이트30 Sep 2024최근 과거 실적 업데이트분석 기사 • Nov 15Softchoice's (TSE:SFTC) Conservative Accounting Might Explain Soft EarningsShareholders appeared unconcerned with Softchoice Corporation's ( TSE:SFTC ) lackluster earnings report last week. Our...Reported Earnings • Nov 09Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: US$0.15 (up from US$0.14 in 3Q 2023). Revenue: US$189.2m (up 3.9% from 3Q 2023). Net income: US$9.03m (up 8.0% from 3Q 2023). Profit margin: 4.8% (up from 4.6% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) missed analyst estimates by 3.2%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Canada. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.공시 • Oct 07Softchoice Corporation to Report Q3, 2024 Results on Nov 08, 2024Softchoice Corporation announced that they will report Q3, 2024 results Pre-Market on Nov 08, 2024Reported Earnings • Aug 11Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: US$0.20 (down from US$0.24 in 2Q 2023). Revenue: US$193.0m (down 7.0% from 2Q 2023). Net income: US$12.1m (down 14% from 2Q 2023). Profit margin: 6.3% (down from 6.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) also missed analyst estimates by 3.6%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Canada. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.공시 • Jul 10Softchoice Corporation to Report Q2, 2024 Results on Aug 09, 2024Softchoice Corporation announced that they will report Q2, 2024 results Pre-Market on Aug 09, 2024Reported Earnings • May 08First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: US$0.02 loss per share (down from US$0.078 profit in 1Q 2023). Revenue: US$169.8m (down 19% from 1Q 2023). Net loss: US$1.03m (down 123% from profit in 1Q 2023). Revenue missed analyst estimates by 16%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Electronic industry in Canada.모든 업데이트 보기Recent updates공시 • Mar 14Softchoice Corporation's Shares Expects to Delist from TSX on or About March 14, 2025Softchoice Corporation (“Softchoice” or the “Company”) and World Wide Technology Holding Co. LLC (“WWT”) announced that an affiliate of WWT, 2672989 Alberta ULC (the “Purchaser”), has completed its previously announced acquisition of Softchoice pursuant to a plan of arrangement (the “Arrangement”) whereby the Purchaser has acquired all of the issued and outstanding common shares of Softchoice (the “Shares”) for CAD 24.50 in cash per Share. The Arrangement, which was announced on December 31, 2024, was approved by shareholders of the Company at a special meeting held on March 4, 2025. In connection with the closing of the Arrangement, it is expected that the Shares will be delisted from the Toronto Stock Exchange (the “TSX”) on or about March 14, 2025. Softchoice has also applied to cease to be a reporting issuer under applicable Canadian securities laws.공시 • Mar 13World Wide Technology Holding Co, LLC completed the acquisition of Softchoice Corporation (TSX:SFTC) from Birch Hill Equity Partners IV, L.P., managed by Birch Hill Equity Partners and others.World Wide Technology Holding Co, LLC entered into an arrangement agreement to acquire Softchoice Corporation (TSX:SFTC) from Birch Hill Equity Partners IV, L.P., managed by Birch Hill Equity Partners and others for CAD 1.5 billion on December 30, 2024. Under the terms of the agreement, WWT, through an affiliate, will acquire all the issued and outstanding common shares of Softchoice for a price of CAD 24.50 per share. Following completion of the Transaction, it is expected that the outstanding shares will be delisted from the TSX and that Softchoice will cease to be a reporting issuer in all applicable Canadian jurisdictions. A termination fee of CAD 49 million would be payable by Softchoice in certain circumstances. The transaction is subject to the approval of Softchoice shareholders, court approval and customary closing conditions, including receipt of key regulatory approvals. The transaction is not subject to any financing condition. The board of directors of Softchoice unanimously approved the transaction following receipt of the unanimous recommendation of a committee of independent directors. The transaction is expected to close in late Q1 or early Q2 2025. As of March 4, 2025, the transaction has been approved by the target shareholders. As of March 6, 2025, the transaction was approved by the Ontario Superior Court of Justice. The transaction is expected to close on or about March 13, 2025. TD Securities Inc. is acting as lead financial advisor to Softchoice, and RBC Dominion Securities Inc. is acting as co-lead financial advisor to Softchoice. Origin Merchant Partners is acting as an independent financial advisor to the Board of Directors of Softchoice. TD Securities Inc. and RBC Dominion Securities Inc. acted as fairness opinion provider to the board of directors of Softchoice and Origin Merchant Partners acted as fairness opinion provider to its Special Committee. Stikeman Elliott LLP is acting as legal advisor to the Softchoice. BDT & MSD and BofA Securities are acting as financial advisors to WWT, while Blake, Cassels & Graydon LLP and Bryan Cave Leighton Paisner LLP are acting as legal advisors to WWT. Laurel Hill Advisory Group acted as information agent to Softchoice. Laurel Hill will be paid fees which are not expected to exceed CAD 0.06 million. TSX Trust Company acted as transfer agent and depositary bank to Softchoice. KPMG LLP acted as an auditor to Softchoice. World Wide Technology Holding Co, LLC completed the acquisition of Softchoice Corporation (TSX:SFTC) from Birch Hill Equity Partners IV, L.P., managed by Birch Hill Equity Partners and others on March 13, 2025. Pursuant to the Arrangement, World Wide Technology acquired all of the issued and outstanding Shares, for a price of CAD 24.50 per Share, or CAD 1,478.242241 million in the aggregate. In connection with the closing of the Arrangement, it is expected that the Shares will be delisted from the Toronto Stock Exchange on or about March 14, 2025. Softchoice has also applied to cease to be a reporting issuer under applicable Canadian securities laws.새로운 내러티브 • Feb 10Sales Expansion And AI Services Will Position The Company For Future Success Increased sales force and new software management tools are set to propel revenue growth and customer base expansion in the U.S. 공시 • Jan 02Softchoice Expects to Delist from TSXSoftchoice Corporation and World Wide Technology announced that they have entered into an arrangement agreement for Softchoice to be acquired by WWT, via an all-cash transaction, which values Softchoice at an enterprise value of approximately CAD 1.8 billion. The company intends to hold the shareholders' meeting in March 2025, where the transaction will be considered and voted upon by shareholders of record. The transaction is also subject to court approval and customary closing conditions, including receipt of key regulatory approvals, is not subject to any financing condition and, assuming the timely receipt of all required key regulatory approvals, is expected to close in late First Quarter or early Second Quarter 2025. Following completion of the transaction, it is expected that the outstanding shares will be delisted from the TSX and that Softchoice will cease to be a reporting issuer in all applicable Canadian jurisdictions.공시 • Jan 01World Wide Technology Holding Co, LLC entered into an arrangement agreement to acquire Softchoice Corporation (TSX:SFTC) from Birch Hill Equity Partners and others for CAD 1.5 billion.World Wide Technology Holding Co, LLC ("WWT") entered into an arrangement agreement to acquire Softchoice Corporation (TSX:SFTC) from Birch Hill Equity Partners and others for CAD 1.5 billion on December 31, 2024. Under the terms of the agreement, WWT, through an affiliate, will acquire all the issued and outstanding common shares of Softchoice for a price of CAD 24.50 per share. Following completion of the Transaction, it is expected that the outstanding shares will be delisted from the TSX and that Softchoice will cease to be a reporting issuer in all applicable Canadian jurisdictions. A termination fee of CAD 49 million would be payable by Softchoice in certain circumstances. The transaction is subject to the approval of Softchoice shareholders, court approval and customary closing conditions, including receipt of key regulatory approvals. The transaction is not subject to any financing condition. The board of directors of Softchoice unanimously approved the transaction following receipt of the unanimous recommendation of a committee of independent directors. The transaction is expected to close in late Q1 or early Q2 2025. TD Securities Inc. is acting as lead financial advisor to Softchoice, and RBC Dominion Securities Inc. is acting as co-lead financial advisor to Softchoice. Origin Merchant Partners is acting as an independent financial advisor to the Board of Directors of Softchoice. TD Securities Inc. and RBC Dominion Securities Inc. acted as fairness opinion provider to the board of directors of Softchoice and Origin Merchant Partners acted as fairness opinion provider to its Special Committee. Stikeman Elliott LLP is acting as legal advisor to the Softchoice. BDT & MSD and BofA Securities are acting as financial advisors to WWT, while Blake, Cassels & Graydon LLP and Bryan Cave Leighton Paisner LLP are acting as legal advisors to WWT.Upcoming Dividend • Dec 24Upcoming dividend of CA$0.13 per shareEligible shareholders must have bought the stock before 31 December 2024. Payment date: 10 January 2025. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Canadian dividend payers (6.4%). In line with average of industry peers (2.4%).분석 기사 • Nov 15Softchoice's (TSE:SFTC) Conservative Accounting Might Explain Soft EarningsShareholders appeared unconcerned with Softchoice Corporation's ( TSE:SFTC ) lackluster earnings report last week. Our...Declared Dividend • Nov 11Third quarter dividend of CA$0.13 announcedShareholders will receive a dividend of CA$0.13. Ex-date: 31st December 2024 Payment date: 10th January 2025 Dividend yield will be 21%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 19% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to grow by 47% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Nov 09Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: US$0.15 (up from US$0.14 in 3Q 2023). Revenue: US$189.2m (up 3.9% from 3Q 2023). Net income: US$9.03m (up 8.0% from 3Q 2023). Profit margin: 4.8% (up from 4.6% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) missed analyst estimates by 3.2%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Canada. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.공시 • Nov 08Softchoice Corporation Declares Quarterly Dividend for the Period from October 1, 2024 to December 31, 2024, Payable on January 10, 2025On November 7, 2024, the board of Softchoice Corporation declared a quarterly dividend of CAD 0.13 per common share for the period from October 1, 2024 to December 31, 2024 to be paid on January 10, 2025 to shareholders of record at the close of business on December 31, 2024.분석 기사 • Oct 17Some Confidence Is Lacking In Softchoice Corporation's (TSE:SFTC) P/EWhen close to half the companies in Canada have price-to-earnings ratios (or "P/E's") below 15x, you may consider...공시 • Oct 07Softchoice Corporation to Report Q3, 2024 Results on Nov 08, 2024Softchoice Corporation announced that they will report Q3, 2024 results Pre-Market on Nov 08, 2024Upcoming Dividend • Sep 20Upcoming dividend of CA$0.13 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 11 October 2024. Payout ratio is a comfortable 55% but the company is paying out more than the cash it is generating. Trailing yield: 2.8%. Lower than top quartile of Canadian dividend payers (5.8%). Higher than average of industry peers (1.3%).분석 기사 • Sep 09Here's Why We Think Softchoice (TSE:SFTC) Might Deserve Your Attention TodayFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Declared Dividend • Aug 14Second quarter dividend of CA$0.13 announcedShareholders will receive a dividend of CA$0.13. Ex-date: 27th September 2024 Payment date: 11th October 2024 Dividend yield will be 25%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 19% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 11Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: US$0.20 (down from US$0.24 in 2Q 2023). Revenue: US$193.0m (down 7.0% from 2Q 2023). Net income: US$12.1m (down 14% from 2Q 2023). Profit margin: 6.3% (down from 6.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) also missed analyst estimates by 3.6%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Canada. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.공시 • Aug 09Softchoice Corporation Declares Quarterly Dividend for the Period from July 1, 2024 to September 30, 2024, payable October 11, 2024Softchoice Corporation declared a quarterly dividend of CAD. $0.13 per Common Share for the period from July 1, 2024 to September 30, 2024 to be paid on October 11, 2024 to shareholders of record at the close of business on September 30, 2024, representing an approximate 18% increase over Third Quarter 2023. The dividend to which this notice relates is an eligible dividend for tax purposes.공시 • Jul 10Softchoice Corporation to Report Q2, 2024 Results on Aug 09, 2024Softchoice Corporation announced that they will report Q2, 2024 results Pre-Market on Aug 09, 2024공시 • May 31Softchoice Corporation Elects New Director, Martha ToryAt the AGM, held on May 30, 2024, Softchoice Corporation's shareholders elected one new director, Martha Tory.Major Estimate Revision • May 15Consensus EPS estimates fall by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$839.4m to US$783.5m. EPS estimate also fell from US$0.80 per share to US$0.625 per share. Net income forecast to grow 3.9% next year vs 13% growth forecast for Electronic industry in Canada. Consensus price target down from CA$21.95 to CA$20.60. Share price fell 7.6% to CA$16.83 over the past week.Declared Dividend • May 12First quarter dividend of CA$0.13 announcedShareholders will receive a dividend of CA$0.13. Ex-date: 28th June 2024 Payment date: 12th July 2024 Dividend yield will be 27%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 19% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • May 09Softchoice Corporation Declares Quarterly Dividend for the Period from April 1, 2024 to June 30, 2024, Payable on July 12, 2024On May 7, 2024, the Board of Softchoice Corporation declared a quarterly dividend of CAD 0.13 per Common Share for the period from April 1, 2024 to June 30, 2024 to be paid on July 12, 2024 to shareholders of record at the close of business on June 28, 2024, representing an approximate 18% increase over Second Quarter 2023.Reported Earnings • May 08First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: US$0.02 loss per share (down from US$0.078 profit in 1Q 2023). Revenue: US$169.8m (down 19% from 1Q 2023). Net loss: US$1.03m (down 123% from profit in 1Q 2023). Revenue missed analyst estimates by 16%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Electronic industry in Canada.공시 • Apr 09Softchoice Corporation to Report Q1, 2024 Results on May 08, 2024Softchoice Corporation announced that they will report Q1, 2024 results Pre-Market on May 08, 2024Valuation Update With 7 Day Price Move • Mar 27Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CA$17.61, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Electronic industry in North America. Total returns to shareholders of 32% over the past year.분석 기사 • Mar 20Softchoice's (TSE:SFTC) Upcoming Dividend Will Be Larger Than Last Year'sSoftchoice Corporation's ( TSE:SFTC ) dividend will be increasing from last year's payment of the same period to $4.13...Upcoming Dividend • Mar 20Upcoming dividend of CA$4.13 per shareEligible shareholders must have bought the stock before 27 March 2024. Payment date: 12 April 2024. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Canadian dividend payers (6.4%). Higher than average of industry peers (1.3%).공시 • Mar 19Softchoice Corporation, Annual General Meeting, May 30, 2024Softchoice Corporation, Annual General Meeting, May 30, 2024.Recent Insider Transactions Derivative • Mar 14Insider exercised options to buy CA$2.8m worth of stock.On the 7th of March, Jeff Reis exercised options to buy 132k shares at a strike price of around CA$2.02, costing a total of CA$267k. This transaction amounted to 207% of their direct individual holding at the time of the trade. Since March 2023, Jeff has owned 63.96k shares directly. Company insiders have collectively bought CA$1.5m more than they sold, via options and on-market transactions, in the last 12 months.분석 기사 • Mar 12Why Softchoice's (TSE:SFTC) Earnings Are Better Than They SeemInvestors signalled that they were pleased with Softchoice Corporation's ( TSE:SFTC ) most recent earnings report...Declared Dividend • Mar 08Fourth quarter dividend of CA$4.13 announcedShareholders will receive a dividend of CA$4.13. Ex-date: 27th March 2024 Payment date: 12th April 2024 Dividend yield will be 21%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 13% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Mar 06+ 1 more updateSoftchoice Corporation Declares Special Dividend, Payable on April 12, 2024The Board of Softchoice Corporation declared a special dividend of CAD 4.00 per Common Share to be paid on April 12, 2024 to shareholders of record at the close of business on March 28, 2024.분석 기사 • Mar 06Softchoice Corporation's (TSE:SFTC) Business Is Yet to Catch Up With Its Share PriceSoftchoice Corporation's ( TSE:SFTC ) price-to-earnings (or "P/E") ratio of 20.2x might make it look like a sell right...Reported Earnings • Mar 06Third quarter 2023 earnings released: EPS: US$0.14 (vs US$0.14 loss in 3Q 2022)Third quarter 2023 results: EPS: US$0.14 (up from US$0.14 loss in 3Q 2022). Revenue: US$182.2m (down 18% from 3Q 2022). Net income: US$8.35m (up US$16.3m from 3Q 2022). Profit margin: 4.6% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Electronic industry in Canada.Valuation Update With 7 Day Price Move • Mar 05Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CA$21.14, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 17x in the Electronic industry in North America. Total returns to shareholders of 32% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CA$40.64 per share.분석 기사 • Feb 08Does Softchoice (TSE:SFTC) Have A Healthy Balance Sheet?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...공시 • Feb 02Softchoice Launches Subscription Licensing ServicesSoftchoice has launched SAM+, a suite of software asset management solutions and services to efficiently manage the complexities of subscription-based licensing. SAM+ comprises solutions for every stage of the subscription journey, including assessment, planning, transition, and deployment and adoption services that can be implemented independently or integrated, depending on an organization's maturity. With more than 680 technical resources, including partner-specific experts, Softchoice currently manages more than 6,400 enterprise agreements and software contracts, and delivers more than 630 software assessments and more than 1,000 Software Lifecycle Service engagements annually. Customers benefit from Softchoice's extensive multi-vendor support, with industry partnerships across major software vendors, including Microsoft, VMware, Cisco, Adobe, and Red Hat. A range of high value and low commitment offers with several fully funded services also mean that companies partnering with Softchoice can see cost savings without upfront investments.공시 • Jan 30Softchoice Corporation to Report Q4, 2023 Results on Mar 05, 2024Softchoice Corporation announced that they will report Q4, 2023 results Pre-Market on Mar 05, 2024분석 기사 • Jan 11Softchoice (TSE:SFTC) Could Become A Multi-BaggerIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...New Risk • Dec 31New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (180% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.4% increase in shares outstanding).Upcoming Dividend • Dec 21Upcoming dividend of CA$0.11 per share at 2.8% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 12 January 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Canadian dividend payers (6.5%). Higher than average of industry peers (1.4%).Recent Insider Transactions Derivative • Nov 19Insider exercised options and sold CA$806k worth of stockOn the 15th of November, Karen Scott exercised options to acquire 45k shares at no cost and sold these for an average price of CA$17.90 per share. This trade did not impact their existing holding. Since March 2023, Karen has owned 8.43k shares directly. Company insiders have collectively bought CA$608k more than they sold, via options and on-market transactions, in the last 12 months.공시 • Nov 10+ 1 more updateSoftchoice Corporation Announces Board ChangesSoftchoice Corporation announced the appointment of John MacIntyre to its Board of Directors. Mr. MacIntyre is co-founder and Partner at Birch Hill Equity Partners. Prior to Birch Hill, he co-founded the Canadian mid-market Private Equity Group within TD Capital. Mr. MacIntyre currently serves on the Board of TD Bank and Sport Maska Inc. and previously served as Chair of HomeEquity Bank. Mr. MacIntyre will replace Felix-Etienne Lebel as Lead Independent Director of Softchoice’s Board and chair of the corporate governance and nominating committee of the Board.Reported Earnings • Nov 10Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: US$0.14 (up from US$0.14 loss in 3Q 2022). Revenue: US$182.2m (down 18% from 3Q 2022). Net income: US$8.35m (up US$16.3m from 3Q 2022). Profit margin: 4.6% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 6.7%. Earnings per share (EPS) also missed analyst estimates by 3.4%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in Canada.분석 기사 • Nov 03We Ran A Stock Scan For Earnings Growth And Softchoice (TSE:SFTC) Passed With EaseFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...공시 • Oct 12Softchoice Corporation to Report Q3, 2023 Results on Nov 09, 2023Softchoice Corporation announced that they will report Q3, 2023 results on Nov 09, 2023Valuation Update With 7 Day Price Move • Oct 11Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CA$18.00, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the Electronic industry in North America. Total loss to shareholders of 5.2% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CA$31.53 per share.Recent Insider Transactions Derivative • Sep 21CEO, President & Director exercised options to buy CA$2.0m worth of stock.On the 15th of September, Andrew Caprara exercised options to buy 127k shares at a strike price of around CA$15.05, costing a total of CA$1.9m. This transaction amounted to 82% of their direct individual holding at the time of the trade. Since December 2022, Andrew's direct individual holding has increased from 94.44k shares to 154.25k. Company insiders have collectively bought CA$1.1m more than they sold, via options and on-market transactions, in the last 12 months.Upcoming Dividend • Sep 21Upcoming dividend of CA$0.11 per share at 2.8% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 13 October 2023. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Canadian dividend payers (6.3%). Higher than average of industry peers (1.5%).Major Estimate Revision • Aug 18Consensus revenue estimates decrease by 11%, EPS upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$942.5m to US$838.3m. EPS estimate increased from US$0.688 to US$0.71 per share. Net income forecast to grow 55% next year vs 10% growth forecast for Electronic industry in Canada. Consensus price target broadly unchanged at CA$20.85. Share price was steady at CA$15.30 over the past week.분석 기사 • Aug 15The Softchoice Corporation (TSE:SFTC) Analysts Have Been Trimming Their Sales ForecastsThe analysts covering Softchoice Corporation ( TSE:SFTC ) delivered a dose of negativity to shareholders today, by...Reported Earnings • Aug 13Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: US$0.24 (up from US$0.13 in 2Q 2022). Revenue: US$207.6m (down 18% from 2Q 2022). Net income: US$14.1m (up 81% from 2Q 2022). Profit margin: 6.8% (up from 3.1% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 18%. Earnings per share (EPS) exceeded analyst estimates by 53%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Electronic industry in Canada.공시 • Aug 12Softchoice Corporation Declares Quarterly Dividend, Payable on October 13, 2023On August 10, 2023, the Softchoice Corporation declared a quarterly dividend of CAD 0.11 per Common Share for the period from July 1, 2023, to September 30, 2023, to be paid on October 13, 2023, to shareholders of record at the close of business on September 29, 2023, representing an approximate 22% increase over third quarter of 2022.공시 • Jul 12Softchoice Corporation to Report Q2, 2023 Results on Aug 11, 2023Softchoice Corporation announced that they will report Q2, 2023 results Pre-Market on Aug 11, 2023Upcoming Dividend • Jun 22Upcoming dividend of CA$0.11 per share at 2.5% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Canadian dividend payers (6.3%). Higher than average of industry peers (1.5%).공시 • Jun 03Softchoice Corporation Announces Election of Andrew Caprara as DirectorSoftchoice Corporation announced election of Andrew Caprara as director at the Annual General Meeting held on May 31, 2023.Recent Insider Transactions Derivative • May 29Senior Vice President of Sales exercised options and sold CA$131k worth of stockOn the 24th of May, Jeff Knowlton exercised options to acquire 8k shares at no cost and sold these for an average price of CA$17.40 per share. This trade did not impact their existing holding. Since September 2022, Jeff has owned 56.59k shares directly. Company insiders have collectively sold CA$3.2m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • May 22Senior VP of Legal recently sold CA$340k worth of stockOn the 16th of May, Habeeb Syed sold around 20k shares on-market at roughly CA$17.00 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$2.5m more than they bought in the last 12 months.공시 • May 13Softchoice Corporation Declares Quarterly Dividend for the Period from April 1, 2023, to June 30, 2023, Payable on July 14, 2023Softchoice Corporation announced that on May 11, 2023, the Board declared a quarterly dividend of CAD 0.11 per Common Share for the period from April 1, 2023, to June 30, 2023, to be paid on July 14, 2023, to shareholders of record at the close of business on June 30, 2023.Reported Earnings • May 12First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2023 results: EPS: US$0.08 (up from US$0.063 in 1Q 2022). Revenue: US$208.8m (down 6.3% from 1Q 2022). Net income: US$4.54m (up 22% from 1Q 2022). Profit margin: 2.2% (up from 1.7% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 7.6%. Earnings per share (EPS) exceeded analyst estimates by 129%. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Canada.Valuation Update With 7 Day Price Move • Apr 27Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CA$16.16, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Electronic industry in North America. Total loss to shareholders of 27% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CA$31.30 per share.분석 기사 • Apr 17Earnings Tell The Story For Softchoice Corporation (TSE:SFTC) As Its Stock Soars 32%Softchoice Corporation ( TSE:SFTC ) shares have had a really impressive month, gaining 32% after a shaky period...Upcoming Dividend • Mar 23Upcoming dividend of CA$0.11 per share at 2.8% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 14 April 2023. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Canadian dividend payers (6.0%). Higher than average of industry peers (1.5%).분석 기사 • Mar 16Statutory Profit Doesn't Reflect How Good Softchoice's (TSE:SFTC) Earnings AreEven though Softchoice Corporation ( TSE:SFTC ) posted strong earnings, investors appeared to be underwhelmed. We have...Reported Earnings • Mar 10Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: EPS: US$0.37 (up from US$0.21 loss in FY 2021). Revenue: US$928.2m (up 2.8% from FY 2021). Net income: US$21.8m (up US$33.3m from FY 2021). Profit margin: 2.3% (up from net loss in FY 2021). Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) exceeded analyst estimates by 24%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electronic industry in Canada.공시 • Feb 09Softchoice Corporation to Report Q4, 2022 Results on Mar 09, 2023Softchoice Corporation announced that they will report Q4, 2022 results Pre-Market on Mar 09, 2023공시 • Jan 11+ 1 more updateSoftchoice Corporation, Annual General Meeting, May 31, 2023Softchoice Corporation, Annual General Meeting, May 31, 2023.Upcoming Dividend • Dec 22Upcoming dividend of CA$0.09 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 13 January 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.1%. Lower than top quartile of Canadian dividend payers (6.0%). Higher than average of industry peers (1.6%).Valuation Update With 7 Day Price Move • Dec 13Investor sentiment improved over the past weekAfter last week's 21% share price gain to CA$16.45, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Electronic industry in North America. Total loss to shareholders of 20% over the past year.분석 기사 • Dec 07Returns Are Gaining Momentum At Softchoice (TSE:SFTC)Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'll want...Recent Insider Transactions Derivative • Nov 24SVP of People & Growth exercised options and sold CA$311k worth of stockOn the 18th of November, Karen Scott exercised options to acquire 21k shares at no cost and sold these for an average price of CA$15.09 per share. This trade did not impact their existing holding. Since March 2022, Karen has owned 8.43k shares directly. Company insiders have collectively sold CA$5.5m more than they bought, via options and on-market transactions in the last 12 months.Major Estimate Revision • Nov 17Consensus EPS estimates fall by 48%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from US$999.8m to US$981.8m. EPS estimate also fell from US$0.53 per share to US$0.28 per share. Net income forecast to grow 237% next year vs 11% growth forecast for Electronic industry in Canada. Consensus price target down from CA$26.00 to CA$23.41. Share price fell 6.1% to CA$16.03 over the past week.Reported Earnings • Nov 12Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: US$0.14 loss per share (further deteriorated from US$0.037 loss in 3Q 2021). Revenue: US$222.1m (up 12% from 3Q 2021). Net loss: US$7.96m (loss widened 259% from 3Q 2021). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Electronic industry in Canada.공시 • Nov 11Softchoice Corporation Declares Quarterly Dividend for the Period from October 1, 2022 to December 31, 2022, Payable on January 13, 2023Softchoice Corporation announced On November 9, 2022, the Board declared a quarterly dividend of CAD 0.09 per Common Share for the period from October 1, 2022 to December 31, 2022, to be paid on January 13, 2023 to shareholders of record at the close of business on December 31, 2022.공시 • Oct 12+ 1 more updateSoftchoice Corporation to Report Q3, 2022 Results on Nov 10, 2022Softchoice Corporation announced that they will report Q3, 2022 results at 9:30 AM, US Eastern Standard Time on Nov 10, 2022Upcoming Dividend • Sep 21Upcoming dividend of CA$0.09 per shareEligible shareholders must have bought the stock before 28 September 2022. Payment date: 14 October 2022. Payout ratio is on the higher end at 96%, however this is supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Canadian dividend payers (5.7%). Higher than average of industry peers (1.6%).Recent Insider Transactions • Aug 27Independent Director recently sold CA$65k worth of stockOn the 19th of August, Anthony Gibbons sold around 3k shares on-market at roughly CA$21.81 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$7.7m more than they bought in the last 12 months.분석 기사 • Aug 16Results: Softchoice Corporation Exceeded Expectations And The Consensus Has Updated Its EstimatesSoftchoice Corporation ( TSE:SFTC ) just released its latest quarterly results and things are looking bullish. It was...공시 • Aug 13+ 1 more updateSoftchoice Corporation Announces Chief Financial Officer Transition, Effective September 9, 2022Softchoice Corporation announced that Bryan Rocco, the Company's Chief Financial Officer, has made the decision to resign from his role effective September 9, 2022. The Company and Softchoice’s Board of Directors (the “Board”) have engaged an executive search firm as part of a formal process to identify Mr. Rocco’s permanent replacement. The Board has approved the appointment of Yota Skederidis, CPA, Softchoice’s Vice President, Financial Reporting & Tax, as Interim CFO, effective upon Mr. Rocco’s departure. Mr. Rocco will work with Ms. Skederidis to ensure a smooth transition.Reported Earnings • Aug 12Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: US$0.13 (up from US$0.30 loss in 2Q 2021). Revenue: US$254.3m (up 20% from 2Q 2021). Net income: US$7.79m (up US$22.7m from 2Q 2021). Profit margin: 3.1% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 9.2%. Earnings per share (EPS) missed analyst estimates by 33%. Over the next year, revenue is forecast to grow 9.1%, compared to a 17% growth forecast for the industry in Canada.공시 • Jul 06Softchoice Corporation to Report Q2, 2022 Results on Aug 12, 2022Softchoice Corporation announced that they will report Q2, 2022 results Pre-Market on Aug 12, 2022Upcoming Dividend • Jun 22Upcoming dividend of CA$0.09 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 15 July 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Canadian dividend payers (5.2%). In line with average of industry peers (1.7%).매출 및 비용 세부 내역Softchoice가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TSX:SFTC 매출, 비용 및 순이익 (USD Millions)날짜매출순이익일반관리비연구개발비30 Sep 2477039268030 Jun 2476338261031 Mar 2477740253031 Dec 2381646252030 Sep 2382745249030 Jun 2386729259031 Mar 2391423260031 Dec 2292822258030 Sep 2295711273030 Jun 2293417264031 Mar 22893-6285031 Dec 21903-12284030 Sep 21876-7260030 Jun 21847-6250031 Mar 2185313219031 Dec 208370223031 Dec 19954-3230031 Dec 18950-112070양질의 수익: SFTC는 고품질 수익을 보유하고 있습니다.이익 마진 증가: SFTC의 현재 순 이익률 (5.1%)은 지난해 (5.5%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: SFTC는 지난 5년 동안 흑자전환하며 연평균 61.1%의 수익 성장을 기록했습니다.성장 가속화: SFTC은 지난 1년 동안 수익이 감소하여 5년 평균과 비교할 수 없습니다.수익 대 산업: SFTC은 지난 1년 동안 수익이 감소(-13.4%)하여 Electronic 업계 평균(13.4%)과 비교하기 어렵습니다.자기자본이익률높은 ROE: SFTC의 부채가 자산을 초과하여 자본 수익률을 계산하기 어렵습니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YTech 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2025/03/13 16:32종가2025/03/13 00:00수익2024/09/30연간 수익2023/12/31데이터 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 소스Softchoice Corporation는 7명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Thanos MoschopoulosBMO Capital Markets Equity ResearchBrian EssexGoldman SachsJames SchneiderGoldman Sachs4명의 분석가 더 보기
분석 기사 • Nov 15Softchoice's (TSE:SFTC) Conservative Accounting Might Explain Soft EarningsShareholders appeared unconcerned with Softchoice Corporation's ( TSE:SFTC ) lackluster earnings report last week. Our...
Reported Earnings • Nov 09Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: US$0.15 (up from US$0.14 in 3Q 2023). Revenue: US$189.2m (up 3.9% from 3Q 2023). Net income: US$9.03m (up 8.0% from 3Q 2023). Profit margin: 4.8% (up from 4.6% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) missed analyst estimates by 3.2%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Canada. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
공시 • Oct 07Softchoice Corporation to Report Q3, 2024 Results on Nov 08, 2024Softchoice Corporation announced that they will report Q3, 2024 results Pre-Market on Nov 08, 2024
Reported Earnings • Aug 11Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: US$0.20 (down from US$0.24 in 2Q 2023). Revenue: US$193.0m (down 7.0% from 2Q 2023). Net income: US$12.1m (down 14% from 2Q 2023). Profit margin: 6.3% (down from 6.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) also missed analyst estimates by 3.6%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Canada. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.
공시 • Jul 10Softchoice Corporation to Report Q2, 2024 Results on Aug 09, 2024Softchoice Corporation announced that they will report Q2, 2024 results Pre-Market on Aug 09, 2024
Reported Earnings • May 08First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: US$0.02 loss per share (down from US$0.078 profit in 1Q 2023). Revenue: US$169.8m (down 19% from 1Q 2023). Net loss: US$1.03m (down 123% from profit in 1Q 2023). Revenue missed analyst estimates by 16%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Electronic industry in Canada.
공시 • Mar 14Softchoice Corporation's Shares Expects to Delist from TSX on or About March 14, 2025Softchoice Corporation (“Softchoice” or the “Company”) and World Wide Technology Holding Co. LLC (“WWT”) announced that an affiliate of WWT, 2672989 Alberta ULC (the “Purchaser”), has completed its previously announced acquisition of Softchoice pursuant to a plan of arrangement (the “Arrangement”) whereby the Purchaser has acquired all of the issued and outstanding common shares of Softchoice (the “Shares”) for CAD 24.50 in cash per Share. The Arrangement, which was announced on December 31, 2024, was approved by shareholders of the Company at a special meeting held on March 4, 2025. In connection with the closing of the Arrangement, it is expected that the Shares will be delisted from the Toronto Stock Exchange (the “TSX”) on or about March 14, 2025. Softchoice has also applied to cease to be a reporting issuer under applicable Canadian securities laws.
공시 • Mar 13World Wide Technology Holding Co, LLC completed the acquisition of Softchoice Corporation (TSX:SFTC) from Birch Hill Equity Partners IV, L.P., managed by Birch Hill Equity Partners and others.World Wide Technology Holding Co, LLC entered into an arrangement agreement to acquire Softchoice Corporation (TSX:SFTC) from Birch Hill Equity Partners IV, L.P., managed by Birch Hill Equity Partners and others for CAD 1.5 billion on December 30, 2024. Under the terms of the agreement, WWT, through an affiliate, will acquire all the issued and outstanding common shares of Softchoice for a price of CAD 24.50 per share. Following completion of the Transaction, it is expected that the outstanding shares will be delisted from the TSX and that Softchoice will cease to be a reporting issuer in all applicable Canadian jurisdictions. A termination fee of CAD 49 million would be payable by Softchoice in certain circumstances. The transaction is subject to the approval of Softchoice shareholders, court approval and customary closing conditions, including receipt of key regulatory approvals. The transaction is not subject to any financing condition. The board of directors of Softchoice unanimously approved the transaction following receipt of the unanimous recommendation of a committee of independent directors. The transaction is expected to close in late Q1 or early Q2 2025. As of March 4, 2025, the transaction has been approved by the target shareholders. As of March 6, 2025, the transaction was approved by the Ontario Superior Court of Justice. The transaction is expected to close on or about March 13, 2025. TD Securities Inc. is acting as lead financial advisor to Softchoice, and RBC Dominion Securities Inc. is acting as co-lead financial advisor to Softchoice. Origin Merchant Partners is acting as an independent financial advisor to the Board of Directors of Softchoice. TD Securities Inc. and RBC Dominion Securities Inc. acted as fairness opinion provider to the board of directors of Softchoice and Origin Merchant Partners acted as fairness opinion provider to its Special Committee. Stikeman Elliott LLP is acting as legal advisor to the Softchoice. BDT & MSD and BofA Securities are acting as financial advisors to WWT, while Blake, Cassels & Graydon LLP and Bryan Cave Leighton Paisner LLP are acting as legal advisors to WWT. Laurel Hill Advisory Group acted as information agent to Softchoice. Laurel Hill will be paid fees which are not expected to exceed CAD 0.06 million. TSX Trust Company acted as transfer agent and depositary bank to Softchoice. KPMG LLP acted as an auditor to Softchoice. World Wide Technology Holding Co, LLC completed the acquisition of Softchoice Corporation (TSX:SFTC) from Birch Hill Equity Partners IV, L.P., managed by Birch Hill Equity Partners and others on March 13, 2025. Pursuant to the Arrangement, World Wide Technology acquired all of the issued and outstanding Shares, for a price of CAD 24.50 per Share, or CAD 1,478.242241 million in the aggregate. In connection with the closing of the Arrangement, it is expected that the Shares will be delisted from the Toronto Stock Exchange on or about March 14, 2025. Softchoice has also applied to cease to be a reporting issuer under applicable Canadian securities laws.
새로운 내러티브 • Feb 10Sales Expansion And AI Services Will Position The Company For Future Success Increased sales force and new software management tools are set to propel revenue growth and customer base expansion in the U.S.
공시 • Jan 02Softchoice Expects to Delist from TSXSoftchoice Corporation and World Wide Technology announced that they have entered into an arrangement agreement for Softchoice to be acquired by WWT, via an all-cash transaction, which values Softchoice at an enterprise value of approximately CAD 1.8 billion. The company intends to hold the shareholders' meeting in March 2025, where the transaction will be considered and voted upon by shareholders of record. The transaction is also subject to court approval and customary closing conditions, including receipt of key regulatory approvals, is not subject to any financing condition and, assuming the timely receipt of all required key regulatory approvals, is expected to close in late First Quarter or early Second Quarter 2025. Following completion of the transaction, it is expected that the outstanding shares will be delisted from the TSX and that Softchoice will cease to be a reporting issuer in all applicable Canadian jurisdictions.
공시 • Jan 01World Wide Technology Holding Co, LLC entered into an arrangement agreement to acquire Softchoice Corporation (TSX:SFTC) from Birch Hill Equity Partners and others for CAD 1.5 billion.World Wide Technology Holding Co, LLC ("WWT") entered into an arrangement agreement to acquire Softchoice Corporation (TSX:SFTC) from Birch Hill Equity Partners and others for CAD 1.5 billion on December 31, 2024. Under the terms of the agreement, WWT, through an affiliate, will acquire all the issued and outstanding common shares of Softchoice for a price of CAD 24.50 per share. Following completion of the Transaction, it is expected that the outstanding shares will be delisted from the TSX and that Softchoice will cease to be a reporting issuer in all applicable Canadian jurisdictions. A termination fee of CAD 49 million would be payable by Softchoice in certain circumstances. The transaction is subject to the approval of Softchoice shareholders, court approval and customary closing conditions, including receipt of key regulatory approvals. The transaction is not subject to any financing condition. The board of directors of Softchoice unanimously approved the transaction following receipt of the unanimous recommendation of a committee of independent directors. The transaction is expected to close in late Q1 or early Q2 2025. TD Securities Inc. is acting as lead financial advisor to Softchoice, and RBC Dominion Securities Inc. is acting as co-lead financial advisor to Softchoice. Origin Merchant Partners is acting as an independent financial advisor to the Board of Directors of Softchoice. TD Securities Inc. and RBC Dominion Securities Inc. acted as fairness opinion provider to the board of directors of Softchoice and Origin Merchant Partners acted as fairness opinion provider to its Special Committee. Stikeman Elliott LLP is acting as legal advisor to the Softchoice. BDT & MSD and BofA Securities are acting as financial advisors to WWT, while Blake, Cassels & Graydon LLP and Bryan Cave Leighton Paisner LLP are acting as legal advisors to WWT.
Upcoming Dividend • Dec 24Upcoming dividend of CA$0.13 per shareEligible shareholders must have bought the stock before 31 December 2024. Payment date: 10 January 2025. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Canadian dividend payers (6.4%). In line with average of industry peers (2.4%).
분석 기사 • Nov 15Softchoice's (TSE:SFTC) Conservative Accounting Might Explain Soft EarningsShareholders appeared unconcerned with Softchoice Corporation's ( TSE:SFTC ) lackluster earnings report last week. Our...
Declared Dividend • Nov 11Third quarter dividend of CA$0.13 announcedShareholders will receive a dividend of CA$0.13. Ex-date: 31st December 2024 Payment date: 10th January 2025 Dividend yield will be 21%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 19% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to grow by 47% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Nov 09Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: US$0.15 (up from US$0.14 in 3Q 2023). Revenue: US$189.2m (up 3.9% from 3Q 2023). Net income: US$9.03m (up 8.0% from 3Q 2023). Profit margin: 4.8% (up from 4.6% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) missed analyst estimates by 3.2%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Canada. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
공시 • Nov 08Softchoice Corporation Declares Quarterly Dividend for the Period from October 1, 2024 to December 31, 2024, Payable on January 10, 2025On November 7, 2024, the board of Softchoice Corporation declared a quarterly dividend of CAD 0.13 per common share for the period from October 1, 2024 to December 31, 2024 to be paid on January 10, 2025 to shareholders of record at the close of business on December 31, 2024.
분석 기사 • Oct 17Some Confidence Is Lacking In Softchoice Corporation's (TSE:SFTC) P/EWhen close to half the companies in Canada have price-to-earnings ratios (or "P/E's") below 15x, you may consider...
공시 • Oct 07Softchoice Corporation to Report Q3, 2024 Results on Nov 08, 2024Softchoice Corporation announced that they will report Q3, 2024 results Pre-Market on Nov 08, 2024
Upcoming Dividend • Sep 20Upcoming dividend of CA$0.13 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 11 October 2024. Payout ratio is a comfortable 55% but the company is paying out more than the cash it is generating. Trailing yield: 2.8%. Lower than top quartile of Canadian dividend payers (5.8%). Higher than average of industry peers (1.3%).
분석 기사 • Sep 09Here's Why We Think Softchoice (TSE:SFTC) Might Deserve Your Attention TodayFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Declared Dividend • Aug 14Second quarter dividend of CA$0.13 announcedShareholders will receive a dividend of CA$0.13. Ex-date: 27th September 2024 Payment date: 11th October 2024 Dividend yield will be 25%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 19% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 11Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: US$0.20 (down from US$0.24 in 2Q 2023). Revenue: US$193.0m (down 7.0% from 2Q 2023). Net income: US$12.1m (down 14% from 2Q 2023). Profit margin: 6.3% (down from 6.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) also missed analyst estimates by 3.6%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Canada. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.
공시 • Aug 09Softchoice Corporation Declares Quarterly Dividend for the Period from July 1, 2024 to September 30, 2024, payable October 11, 2024Softchoice Corporation declared a quarterly dividend of CAD. $0.13 per Common Share for the period from July 1, 2024 to September 30, 2024 to be paid on October 11, 2024 to shareholders of record at the close of business on September 30, 2024, representing an approximate 18% increase over Third Quarter 2023. The dividend to which this notice relates is an eligible dividend for tax purposes.
공시 • Jul 10Softchoice Corporation to Report Q2, 2024 Results on Aug 09, 2024Softchoice Corporation announced that they will report Q2, 2024 results Pre-Market on Aug 09, 2024
공시 • May 31Softchoice Corporation Elects New Director, Martha ToryAt the AGM, held on May 30, 2024, Softchoice Corporation's shareholders elected one new director, Martha Tory.
Major Estimate Revision • May 15Consensus EPS estimates fall by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$839.4m to US$783.5m. EPS estimate also fell from US$0.80 per share to US$0.625 per share. Net income forecast to grow 3.9% next year vs 13% growth forecast for Electronic industry in Canada. Consensus price target down from CA$21.95 to CA$20.60. Share price fell 7.6% to CA$16.83 over the past week.
Declared Dividend • May 12First quarter dividend of CA$0.13 announcedShareholders will receive a dividend of CA$0.13. Ex-date: 28th June 2024 Payment date: 12th July 2024 Dividend yield will be 27%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 19% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • May 09Softchoice Corporation Declares Quarterly Dividend for the Period from April 1, 2024 to June 30, 2024, Payable on July 12, 2024On May 7, 2024, the Board of Softchoice Corporation declared a quarterly dividend of CAD 0.13 per Common Share for the period from April 1, 2024 to June 30, 2024 to be paid on July 12, 2024 to shareholders of record at the close of business on June 28, 2024, representing an approximate 18% increase over Second Quarter 2023.
Reported Earnings • May 08First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: US$0.02 loss per share (down from US$0.078 profit in 1Q 2023). Revenue: US$169.8m (down 19% from 1Q 2023). Net loss: US$1.03m (down 123% from profit in 1Q 2023). Revenue missed analyst estimates by 16%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Electronic industry in Canada.
공시 • Apr 09Softchoice Corporation to Report Q1, 2024 Results on May 08, 2024Softchoice Corporation announced that they will report Q1, 2024 results Pre-Market on May 08, 2024
Valuation Update With 7 Day Price Move • Mar 27Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CA$17.61, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Electronic industry in North America. Total returns to shareholders of 32% over the past year.
분석 기사 • Mar 20Softchoice's (TSE:SFTC) Upcoming Dividend Will Be Larger Than Last Year'sSoftchoice Corporation's ( TSE:SFTC ) dividend will be increasing from last year's payment of the same period to $4.13...
Upcoming Dividend • Mar 20Upcoming dividend of CA$4.13 per shareEligible shareholders must have bought the stock before 27 March 2024. Payment date: 12 April 2024. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Canadian dividend payers (6.4%). Higher than average of industry peers (1.3%).
공시 • Mar 19Softchoice Corporation, Annual General Meeting, May 30, 2024Softchoice Corporation, Annual General Meeting, May 30, 2024.
Recent Insider Transactions Derivative • Mar 14Insider exercised options to buy CA$2.8m worth of stock.On the 7th of March, Jeff Reis exercised options to buy 132k shares at a strike price of around CA$2.02, costing a total of CA$267k. This transaction amounted to 207% of their direct individual holding at the time of the trade. Since March 2023, Jeff has owned 63.96k shares directly. Company insiders have collectively bought CA$1.5m more than they sold, via options and on-market transactions, in the last 12 months.
분석 기사 • Mar 12Why Softchoice's (TSE:SFTC) Earnings Are Better Than They SeemInvestors signalled that they were pleased with Softchoice Corporation's ( TSE:SFTC ) most recent earnings report...
Declared Dividend • Mar 08Fourth quarter dividend of CA$4.13 announcedShareholders will receive a dividend of CA$4.13. Ex-date: 27th March 2024 Payment date: 12th April 2024 Dividend yield will be 21%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 13% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Mar 06+ 1 more updateSoftchoice Corporation Declares Special Dividend, Payable on April 12, 2024The Board of Softchoice Corporation declared a special dividend of CAD 4.00 per Common Share to be paid on April 12, 2024 to shareholders of record at the close of business on March 28, 2024.
분석 기사 • Mar 06Softchoice Corporation's (TSE:SFTC) Business Is Yet to Catch Up With Its Share PriceSoftchoice Corporation's ( TSE:SFTC ) price-to-earnings (or "P/E") ratio of 20.2x might make it look like a sell right...
Reported Earnings • Mar 06Third quarter 2023 earnings released: EPS: US$0.14 (vs US$0.14 loss in 3Q 2022)Third quarter 2023 results: EPS: US$0.14 (up from US$0.14 loss in 3Q 2022). Revenue: US$182.2m (down 18% from 3Q 2022). Net income: US$8.35m (up US$16.3m from 3Q 2022). Profit margin: 4.6% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Electronic industry in Canada.
Valuation Update With 7 Day Price Move • Mar 05Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CA$21.14, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 17x in the Electronic industry in North America. Total returns to shareholders of 32% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CA$40.64 per share.
분석 기사 • Feb 08Does Softchoice (TSE:SFTC) Have A Healthy Balance Sheet?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
공시 • Feb 02Softchoice Launches Subscription Licensing ServicesSoftchoice has launched SAM+, a suite of software asset management solutions and services to efficiently manage the complexities of subscription-based licensing. SAM+ comprises solutions for every stage of the subscription journey, including assessment, planning, transition, and deployment and adoption services that can be implemented independently or integrated, depending on an organization's maturity. With more than 680 technical resources, including partner-specific experts, Softchoice currently manages more than 6,400 enterprise agreements and software contracts, and delivers more than 630 software assessments and more than 1,000 Software Lifecycle Service engagements annually. Customers benefit from Softchoice's extensive multi-vendor support, with industry partnerships across major software vendors, including Microsoft, VMware, Cisco, Adobe, and Red Hat. A range of high value and low commitment offers with several fully funded services also mean that companies partnering with Softchoice can see cost savings without upfront investments.
공시 • Jan 30Softchoice Corporation to Report Q4, 2023 Results on Mar 05, 2024Softchoice Corporation announced that they will report Q4, 2023 results Pre-Market on Mar 05, 2024
분석 기사 • Jan 11Softchoice (TSE:SFTC) Could Become A Multi-BaggerIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
New Risk • Dec 31New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (180% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.4% increase in shares outstanding).
Upcoming Dividend • Dec 21Upcoming dividend of CA$0.11 per share at 2.8% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 12 January 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Canadian dividend payers (6.5%). Higher than average of industry peers (1.4%).
Recent Insider Transactions Derivative • Nov 19Insider exercised options and sold CA$806k worth of stockOn the 15th of November, Karen Scott exercised options to acquire 45k shares at no cost and sold these for an average price of CA$17.90 per share. This trade did not impact their existing holding. Since March 2023, Karen has owned 8.43k shares directly. Company insiders have collectively bought CA$608k more than they sold, via options and on-market transactions, in the last 12 months.
공시 • Nov 10+ 1 more updateSoftchoice Corporation Announces Board ChangesSoftchoice Corporation announced the appointment of John MacIntyre to its Board of Directors. Mr. MacIntyre is co-founder and Partner at Birch Hill Equity Partners. Prior to Birch Hill, he co-founded the Canadian mid-market Private Equity Group within TD Capital. Mr. MacIntyre currently serves on the Board of TD Bank and Sport Maska Inc. and previously served as Chair of HomeEquity Bank. Mr. MacIntyre will replace Felix-Etienne Lebel as Lead Independent Director of Softchoice’s Board and chair of the corporate governance and nominating committee of the Board.
Reported Earnings • Nov 10Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: US$0.14 (up from US$0.14 loss in 3Q 2022). Revenue: US$182.2m (down 18% from 3Q 2022). Net income: US$8.35m (up US$16.3m from 3Q 2022). Profit margin: 4.6% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 6.7%. Earnings per share (EPS) also missed analyst estimates by 3.4%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in Canada.
분석 기사 • Nov 03We Ran A Stock Scan For Earnings Growth And Softchoice (TSE:SFTC) Passed With EaseFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
공시 • Oct 12Softchoice Corporation to Report Q3, 2023 Results on Nov 09, 2023Softchoice Corporation announced that they will report Q3, 2023 results on Nov 09, 2023
Valuation Update With 7 Day Price Move • Oct 11Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CA$18.00, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the Electronic industry in North America. Total loss to shareholders of 5.2% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CA$31.53 per share.
Recent Insider Transactions Derivative • Sep 21CEO, President & Director exercised options to buy CA$2.0m worth of stock.On the 15th of September, Andrew Caprara exercised options to buy 127k shares at a strike price of around CA$15.05, costing a total of CA$1.9m. This transaction amounted to 82% of their direct individual holding at the time of the trade. Since December 2022, Andrew's direct individual holding has increased from 94.44k shares to 154.25k. Company insiders have collectively bought CA$1.1m more than they sold, via options and on-market transactions, in the last 12 months.
Upcoming Dividend • Sep 21Upcoming dividend of CA$0.11 per share at 2.8% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 13 October 2023. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Canadian dividend payers (6.3%). Higher than average of industry peers (1.5%).
Major Estimate Revision • Aug 18Consensus revenue estimates decrease by 11%, EPS upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$942.5m to US$838.3m. EPS estimate increased from US$0.688 to US$0.71 per share. Net income forecast to grow 55% next year vs 10% growth forecast for Electronic industry in Canada. Consensus price target broadly unchanged at CA$20.85. Share price was steady at CA$15.30 over the past week.
분석 기사 • Aug 15The Softchoice Corporation (TSE:SFTC) Analysts Have Been Trimming Their Sales ForecastsThe analysts covering Softchoice Corporation ( TSE:SFTC ) delivered a dose of negativity to shareholders today, by...
Reported Earnings • Aug 13Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: US$0.24 (up from US$0.13 in 2Q 2022). Revenue: US$207.6m (down 18% from 2Q 2022). Net income: US$14.1m (up 81% from 2Q 2022). Profit margin: 6.8% (up from 3.1% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 18%. Earnings per share (EPS) exceeded analyst estimates by 53%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Electronic industry in Canada.
공시 • Aug 12Softchoice Corporation Declares Quarterly Dividend, Payable on October 13, 2023On August 10, 2023, the Softchoice Corporation declared a quarterly dividend of CAD 0.11 per Common Share for the period from July 1, 2023, to September 30, 2023, to be paid on October 13, 2023, to shareholders of record at the close of business on September 29, 2023, representing an approximate 22% increase over third quarter of 2022.
공시 • Jul 12Softchoice Corporation to Report Q2, 2023 Results on Aug 11, 2023Softchoice Corporation announced that they will report Q2, 2023 results Pre-Market on Aug 11, 2023
Upcoming Dividend • Jun 22Upcoming dividend of CA$0.11 per share at 2.5% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Canadian dividend payers (6.3%). Higher than average of industry peers (1.5%).
공시 • Jun 03Softchoice Corporation Announces Election of Andrew Caprara as DirectorSoftchoice Corporation announced election of Andrew Caprara as director at the Annual General Meeting held on May 31, 2023.
Recent Insider Transactions Derivative • May 29Senior Vice President of Sales exercised options and sold CA$131k worth of stockOn the 24th of May, Jeff Knowlton exercised options to acquire 8k shares at no cost and sold these for an average price of CA$17.40 per share. This trade did not impact their existing holding. Since September 2022, Jeff has owned 56.59k shares directly. Company insiders have collectively sold CA$3.2m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • May 22Senior VP of Legal recently sold CA$340k worth of stockOn the 16th of May, Habeeb Syed sold around 20k shares on-market at roughly CA$17.00 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$2.5m more than they bought in the last 12 months.
공시 • May 13Softchoice Corporation Declares Quarterly Dividend for the Period from April 1, 2023, to June 30, 2023, Payable on July 14, 2023Softchoice Corporation announced that on May 11, 2023, the Board declared a quarterly dividend of CAD 0.11 per Common Share for the period from April 1, 2023, to June 30, 2023, to be paid on July 14, 2023, to shareholders of record at the close of business on June 30, 2023.
Reported Earnings • May 12First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2023 results: EPS: US$0.08 (up from US$0.063 in 1Q 2022). Revenue: US$208.8m (down 6.3% from 1Q 2022). Net income: US$4.54m (up 22% from 1Q 2022). Profit margin: 2.2% (up from 1.7% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 7.6%. Earnings per share (EPS) exceeded analyst estimates by 129%. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Canada.
Valuation Update With 7 Day Price Move • Apr 27Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CA$16.16, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Electronic industry in North America. Total loss to shareholders of 27% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CA$31.30 per share.
분석 기사 • Apr 17Earnings Tell The Story For Softchoice Corporation (TSE:SFTC) As Its Stock Soars 32%Softchoice Corporation ( TSE:SFTC ) shares have had a really impressive month, gaining 32% after a shaky period...
Upcoming Dividend • Mar 23Upcoming dividend of CA$0.11 per share at 2.8% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 14 April 2023. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Canadian dividend payers (6.0%). Higher than average of industry peers (1.5%).
분석 기사 • Mar 16Statutory Profit Doesn't Reflect How Good Softchoice's (TSE:SFTC) Earnings AreEven though Softchoice Corporation ( TSE:SFTC ) posted strong earnings, investors appeared to be underwhelmed. We have...
Reported Earnings • Mar 10Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: EPS: US$0.37 (up from US$0.21 loss in FY 2021). Revenue: US$928.2m (up 2.8% from FY 2021). Net income: US$21.8m (up US$33.3m from FY 2021). Profit margin: 2.3% (up from net loss in FY 2021). Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) exceeded analyst estimates by 24%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electronic industry in Canada.
공시 • Feb 09Softchoice Corporation to Report Q4, 2022 Results on Mar 09, 2023Softchoice Corporation announced that they will report Q4, 2022 results Pre-Market on Mar 09, 2023
공시 • Jan 11+ 1 more updateSoftchoice Corporation, Annual General Meeting, May 31, 2023Softchoice Corporation, Annual General Meeting, May 31, 2023.
Upcoming Dividend • Dec 22Upcoming dividend of CA$0.09 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 13 January 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.1%. Lower than top quartile of Canadian dividend payers (6.0%). Higher than average of industry peers (1.6%).
Valuation Update With 7 Day Price Move • Dec 13Investor sentiment improved over the past weekAfter last week's 21% share price gain to CA$16.45, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Electronic industry in North America. Total loss to shareholders of 20% over the past year.
분석 기사 • Dec 07Returns Are Gaining Momentum At Softchoice (TSE:SFTC)Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'll want...
Recent Insider Transactions Derivative • Nov 24SVP of People & Growth exercised options and sold CA$311k worth of stockOn the 18th of November, Karen Scott exercised options to acquire 21k shares at no cost and sold these for an average price of CA$15.09 per share. This trade did not impact their existing holding. Since March 2022, Karen has owned 8.43k shares directly. Company insiders have collectively sold CA$5.5m more than they bought, via options and on-market transactions in the last 12 months.
Major Estimate Revision • Nov 17Consensus EPS estimates fall by 48%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from US$999.8m to US$981.8m. EPS estimate also fell from US$0.53 per share to US$0.28 per share. Net income forecast to grow 237% next year vs 11% growth forecast for Electronic industry in Canada. Consensus price target down from CA$26.00 to CA$23.41. Share price fell 6.1% to CA$16.03 over the past week.
Reported Earnings • Nov 12Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: US$0.14 loss per share (further deteriorated from US$0.037 loss in 3Q 2021). Revenue: US$222.1m (up 12% from 3Q 2021). Net loss: US$7.96m (loss widened 259% from 3Q 2021). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Electronic industry in Canada.
공시 • Nov 11Softchoice Corporation Declares Quarterly Dividend for the Period from October 1, 2022 to December 31, 2022, Payable on January 13, 2023Softchoice Corporation announced On November 9, 2022, the Board declared a quarterly dividend of CAD 0.09 per Common Share for the period from October 1, 2022 to December 31, 2022, to be paid on January 13, 2023 to shareholders of record at the close of business on December 31, 2022.
공시 • Oct 12+ 1 more updateSoftchoice Corporation to Report Q3, 2022 Results on Nov 10, 2022Softchoice Corporation announced that they will report Q3, 2022 results at 9:30 AM, US Eastern Standard Time on Nov 10, 2022
Upcoming Dividend • Sep 21Upcoming dividend of CA$0.09 per shareEligible shareholders must have bought the stock before 28 September 2022. Payment date: 14 October 2022. Payout ratio is on the higher end at 96%, however this is supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Canadian dividend payers (5.7%). Higher than average of industry peers (1.6%).
Recent Insider Transactions • Aug 27Independent Director recently sold CA$65k worth of stockOn the 19th of August, Anthony Gibbons sold around 3k shares on-market at roughly CA$21.81 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$7.7m more than they bought in the last 12 months.
분석 기사 • Aug 16Results: Softchoice Corporation Exceeded Expectations And The Consensus Has Updated Its EstimatesSoftchoice Corporation ( TSE:SFTC ) just released its latest quarterly results and things are looking bullish. It was...
공시 • Aug 13+ 1 more updateSoftchoice Corporation Announces Chief Financial Officer Transition, Effective September 9, 2022Softchoice Corporation announced that Bryan Rocco, the Company's Chief Financial Officer, has made the decision to resign from his role effective September 9, 2022. The Company and Softchoice’s Board of Directors (the “Board”) have engaged an executive search firm as part of a formal process to identify Mr. Rocco’s permanent replacement. The Board has approved the appointment of Yota Skederidis, CPA, Softchoice’s Vice President, Financial Reporting & Tax, as Interim CFO, effective upon Mr. Rocco’s departure. Mr. Rocco will work with Ms. Skederidis to ensure a smooth transition.
Reported Earnings • Aug 12Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: US$0.13 (up from US$0.30 loss in 2Q 2021). Revenue: US$254.3m (up 20% from 2Q 2021). Net income: US$7.79m (up US$22.7m from 2Q 2021). Profit margin: 3.1% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 9.2%. Earnings per share (EPS) missed analyst estimates by 33%. Over the next year, revenue is forecast to grow 9.1%, compared to a 17% growth forecast for the industry in Canada.
공시 • Jul 06Softchoice Corporation to Report Q2, 2022 Results on Aug 12, 2022Softchoice Corporation announced that they will report Q2, 2022 results Pre-Market on Aug 12, 2022
Upcoming Dividend • Jun 22Upcoming dividend of CA$0.09 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 15 July 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Canadian dividend payers (5.2%). In line with average of industry peers (1.7%).
