View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest Eventsmdf commerce 향후 성장Future 기준 점검 0/6mdf commerce은 연간 수입과 매출이 각각 59.2%와 4.1% 증가할 것으로 예상되고 EPS는 연간 113.1%만큼 증가할 것으로 예상됩니다.핵심 정보59.2%이익 성장률113.05%EPS 성장률Interactive Media and Services 이익 성장29.8%매출 성장률4.1%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트17 May 2024최근 향후 성장 업데이트업데이트 없음모든 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.Reported Earnings • Feb 15Third quarter 2024 earnings released: CA$0.095 loss per share (vs CA$0.34 profit in 3Q 2023)Third quarter 2024 results: CA$0.095 loss per share (down from CA$0.34 profit in 3Q 2023). Revenue: CA$30.2m (down 4.6% from 3Q 2023). Net loss: CA$4.18m (down 128% from profit in 3Q 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Interactive Media and Services industry in Europe.New Risk • Feb 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 36% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 36% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.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, 2024Reported Earnings • Nov 09Second quarter 2024 earnings released: CA$0.018 loss per share (vs CA$2.04 loss in 2Q 2023)Second quarter 2024 results: CA$0.018 loss per share (improved from CA$2.04 loss in 2Q 2023). Revenue: CA$30.7m (down 7.4% from 2Q 2023). Net loss: CA$784.0k (loss narrowed 99% from 2Q 2023). Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 10.0% growth forecast for the Interactive Media and Services industry in Europe.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, 2023New Risk • Oct 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 52% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$27m). Share price has been volatile over the past 3 months (6.1% average weekly change).New Risk • Aug 13New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$27m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$27m free cash flow). Earnings have declined by 52% per year over the past 5 years.Reported Earnings • Aug 11First quarter 2024 earnings released: CA$0.12 loss per share (vs CA$0.14 loss in 1Q 2023)First quarter 2024 results: CA$0.12 loss per share (improved from CA$0.14 loss in 1Q 2023). Revenue: CA$31.0m (down 3.7% from 1Q 2023). Net loss: CA$5.12m (loss narrowed 19% from 1Q 2023). Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Interactive Media and Services industry in Germany.New Risk • Jul 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 54% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$30m). Currently unprofitable and not forecast to become profitable next year (CA$11m net loss next year). Share price has been volatile over the past 3 months (6.8% average weekly change).New Risk • Jun 29New major risk - Revenue and earnings growthEarnings have declined by 54% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$30m free cash flow). Earnings have declined by 54% per year over the past 5 years. Minor Risk Currently unprofitable and not forecast to become profitable next year (CA$8.9m net loss next year).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.Reported Earnings • Jun 29Full year 2023 earnings released: CA$1.93 loss per share (vs CA$0.64 loss in FY 2022)Full year 2023 results: CA$1.93 loss per share (further deteriorated from CA$0.64 loss in FY 2022). Revenue: CA$128.3m (up 19% from FY 2022). Net loss: CA$85.0m (loss widened 255% from FY 2022).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, 2023공시 • May 17mdf Commerce Inc. Appoints Martial Vincent as Member of its Board of Directorsmdf commerce Inc. announced that Martial Vincent, CPA, an experienced corporate director with extensive experience in the electrical and electronic manufacturing industry, will be joining its team as a member of its Board of Directors. Mr. Vincent will serve on the Human Resources and Governance Committee, as well as on the Audit Committee, where he will be replacing Pierre Chadi, who will continue to serve as Board Chair and Chair of the Human Resources and Governance Committee. Leveraging his highly active role in the business community, Mr. Vincent plays a strategic advisory role for a variety of organizations. Since 2022, he is a Board member of Sharethrough, a leader in the programmatic advertising industry, and the Centre de Collaboration MiQro Innovation (C2MI), a collaborative marketing solution for digital technology components. Since 2021, he has been the Board Chair of Astus, which designs adapted management solutions for vehicle fleets and mobile assets. In addition, he has been a member of the University of Sherbrooke Assembly since 2018. From 2018 to 2022, Mr. Vincent served as President and CEO of TCP Cable, a Canadian leader in the manufacturing of electric harnesses. From 2014 to 2022, he was Board Chair of Développement économique Longueuil (DEL). He is also a founding member of Propulsion Quebec, the electric and smart transportation cluster. From 2019 to 2021, Mr. Vincent was the Board Chair of R3D, a company specializing in IT and digital management solutions. And from 2017 to 2020, he was a Board member of Fresche Solutions, a key player in IBM modernization and systems management. In addition, from 2013 to 2018, he was Board Chair of the Pôle d’excellence québécois en transport terrestre (ground transportation cluster). It should also be noted that in 2015, during his tenure as CEO of Varitron, Mr. Vincent successfully transformed this company into the #1 SME in Quebec, based on the rankings of business publication Les Affaires.Reported Earnings • Feb 14Third quarter 2023 earnings released: EPS: CA$0.34 (vs CA$0.11 loss in 3Q 2022)Third quarter 2023 results: EPS: CA$0.34 (up from CA$0.11 loss in 3Q 2022). Revenue: CA$31.7m (up 3.3% from 3Q 2022). Net income: CA$15.1m (up CA$19.8m from 3Q 2022). Profit margin: 48% (up from net loss in 3Q 2022). Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Interactive Media and Services industry in Europe.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, 2023Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Mary-Ann Bell was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Aug 13First quarter 2023 earnings released: CA$0.14 loss per share (vs CA$0.15 loss in 1Q 2022)First quarter 2023 results: CA$0.14 loss per share. Revenue: CA$32.2m (up 43% from 1Q 2022). Net loss: CA$6.32m (loss widened 48% from 1Q 2022). Over the next year, revenue is forecast to grow 13%, compared to a 16% growth forecast for the industry in Germany.Board Change • Aug 01High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Chairman Pierre Chadi was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Board Change • Jul 05High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Chairman Pierre Chadi was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Jul 01Full year 2022 earnings released: CA$0.64 loss per share (vs CA$0.38 loss in FY 2021)Full year 2022 results: CA$0.64 loss per share (down from CA$0.38 loss in FY 2021). Revenue: CA$108.3m (up 28% from FY 2021). Net loss: CA$23.9m (loss widened 215% from FY 2021). Over the next year, revenue is forecast to grow 20%, compared to a 17% growth forecast for the industry in Germany.Reported Earnings • Feb 11Third quarter 2022 earnings: EPS in line with expectations, revenues disappointThird quarter 2022 results: CA$0.11 loss per share (up from CA$0.14 loss in 3Q 2021). Revenue: CA$30.7m (up 43% from 3Q 2021). Net loss: CA$4.67m (loss widened 64% from 3Q 2021). Revenue missed analyst estimates by 7.3%. Over the next year, revenue is forecast to grow 40%, compared to a 36% growth forecast for the industry in Germany.Reported Earnings • Nov 12Second quarter 2022 earnings released: CA$0.19 loss per share (vs CA$0.036 loss in 2Q 2021)The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: CA$25.1m (up 21% from 2Q 2021). Net loss: CA$6.31m (loss widened CA$5.67m from 2Q 2021).Recent Insider Transactions • Oct 03Independent Director recently bought €51k worth of stockOn the 30th of September, Christian Dumont bought around 12k shares on-market at roughly €4.11 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €371k more in shares than they have sold in the last 12 months.Board Change • Sep 21High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Mary-Ann Bell was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.이익 및 매출 성장 예측DB:6QT - 애널리스트 향후 추정치 및 과거 재무 데이터 (CAD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수3/31/2026135-3-1N/A13/31/2025129-42N/A23/31/2024123-115N/A212/31/2023123-14-3-1N/A9/30/20231255-13-10N/A6/30/2023127-84-27-24N/A3/31/2023128-85-30-27N/A12/31/2022127-90-23-19N/A9/30/2022126-109-8-3N/A6/30/2022118-26-7-2N/A3/31/2022108-24-50N/A12/31/2021100-18-50N/A9/30/202191-16-15-11N/A6/30/202187-11-31N/A3/31/202185-8-31N/A12/31/202082-1125N/A9/30/202078-11-22N/A6/30/202076-804N/A3/31/202075-604N/A12/31/201977-3316N/A9/30/201980-2859N/A6/30/201982-27711N/A3/31/201983-26813N/A12/31/201883111015N/A9/30/20188291519N/A6/30/20188271418N/A3/31/20188171418N/A12/31/20178091519N/A9/30/20177912N/A18N/A6/30/20177915N/A21N/A3/31/20177816N/A24N/A12/31/20167715N/A21N/A9/30/20167616N/A24N/A6/30/20167416N/A23N/A3/31/20167316N/A22N/A12/31/20157218N/A23N/A9/30/20157117N/A24N/A6/30/20157016N/A24N/A3/31/20157016N/A24N/A12/31/20147015N/A24N/A9/30/20146914N/A22N/A6/30/20146713N/A20N/A3/31/20146513N/A22N/A12/31/20136312N/A20N/A9/30/20136213N/A21N/A6/30/20136113N/A21N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 6QT 향후 3년 동안 수익성이 없을 것으로 예상됩니다.수익 vs 시장: 6QT 향후 3년 동안 수익성이 없을 것으로 예상됩니다.고성장 수익: 6QT 향후 3년 동안 수익성이 없을 것으로 예상됩니다.수익 대 시장: 6QT 의 수익(연간 4.1%)이 German 시장(연간 6.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 6QT 의 수익(연간 4.1%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 6QT의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YMedia 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/05/17 13:47종가2024/05/17 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 • 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.
Reported Earnings • Feb 15Third quarter 2024 earnings released: CA$0.095 loss per share (vs CA$0.34 profit in 3Q 2023)Third quarter 2024 results: CA$0.095 loss per share (down from CA$0.34 profit in 3Q 2023). Revenue: CA$30.2m (down 4.6% from 3Q 2023). Net loss: CA$4.18m (down 128% from profit in 3Q 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Interactive Media and Services industry in Europe.
New Risk • Feb 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 36% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 36% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.
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
Reported Earnings • Nov 09Second quarter 2024 earnings released: CA$0.018 loss per share (vs CA$2.04 loss in 2Q 2023)Second quarter 2024 results: CA$0.018 loss per share (improved from CA$2.04 loss in 2Q 2023). Revenue: CA$30.7m (down 7.4% from 2Q 2023). Net loss: CA$784.0k (loss narrowed 99% from 2Q 2023). Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 10.0% growth forecast for the Interactive Media and Services industry in Europe.
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
New Risk • Oct 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 52% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$27m). Share price has been volatile over the past 3 months (6.1% average weekly change).
New Risk • Aug 13New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$27m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$27m free cash flow). Earnings have declined by 52% per year over the past 5 years.
Reported Earnings • Aug 11First quarter 2024 earnings released: CA$0.12 loss per share (vs CA$0.14 loss in 1Q 2023)First quarter 2024 results: CA$0.12 loss per share (improved from CA$0.14 loss in 1Q 2023). Revenue: CA$31.0m (down 3.7% from 1Q 2023). Net loss: CA$5.12m (loss narrowed 19% from 1Q 2023). Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Interactive Media and Services industry in Germany.
New Risk • Jul 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 54% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$30m). Currently unprofitable and not forecast to become profitable next year (CA$11m net loss next year). Share price has been volatile over the past 3 months (6.8% average weekly change).
New Risk • Jun 29New major risk - Revenue and earnings growthEarnings have declined by 54% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$30m free cash flow). Earnings have declined by 54% per year over the past 5 years. Minor Risk Currently unprofitable and not forecast to become profitable next year (CA$8.9m net loss next year).
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.
Reported Earnings • Jun 29Full year 2023 earnings released: CA$1.93 loss per share (vs CA$0.64 loss in FY 2022)Full year 2023 results: CA$1.93 loss per share (further deteriorated from CA$0.64 loss in FY 2022). Revenue: CA$128.3m (up 19% from FY 2022). Net loss: CA$85.0m (loss widened 255% from FY 2022).
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
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.
Reported Earnings • Feb 14Third quarter 2023 earnings released: EPS: CA$0.34 (vs CA$0.11 loss in 3Q 2022)Third quarter 2023 results: EPS: CA$0.34 (up from CA$0.11 loss in 3Q 2022). Revenue: CA$31.7m (up 3.3% from 3Q 2022). Net income: CA$15.1m (up CA$19.8m from 3Q 2022). Profit margin: 48% (up from net loss in 3Q 2022). Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Interactive Media and Services industry in Europe.
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
Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Mary-Ann Bell was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Aug 13First quarter 2023 earnings released: CA$0.14 loss per share (vs CA$0.15 loss in 1Q 2022)First quarter 2023 results: CA$0.14 loss per share. Revenue: CA$32.2m (up 43% from 1Q 2022). Net loss: CA$6.32m (loss widened 48% from 1Q 2022). Over the next year, revenue is forecast to grow 13%, compared to a 16% growth forecast for the industry in Germany.
Board Change • Aug 01High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Chairman Pierre Chadi was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Board Change • Jul 05High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Chairman Pierre Chadi was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Jul 01Full year 2022 earnings released: CA$0.64 loss per share (vs CA$0.38 loss in FY 2021)Full year 2022 results: CA$0.64 loss per share (down from CA$0.38 loss in FY 2021). Revenue: CA$108.3m (up 28% from FY 2021). Net loss: CA$23.9m (loss widened 215% from FY 2021). Over the next year, revenue is forecast to grow 20%, compared to a 17% growth forecast for the industry in Germany.
Reported Earnings • Feb 11Third quarter 2022 earnings: EPS in line with expectations, revenues disappointThird quarter 2022 results: CA$0.11 loss per share (up from CA$0.14 loss in 3Q 2021). Revenue: CA$30.7m (up 43% from 3Q 2021). Net loss: CA$4.67m (loss widened 64% from 3Q 2021). Revenue missed analyst estimates by 7.3%. Over the next year, revenue is forecast to grow 40%, compared to a 36% growth forecast for the industry in Germany.
Reported Earnings • Nov 12Second quarter 2022 earnings released: CA$0.19 loss per share (vs CA$0.036 loss in 2Q 2021)The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: CA$25.1m (up 21% from 2Q 2021). Net loss: CA$6.31m (loss widened CA$5.67m from 2Q 2021).
Recent Insider Transactions • Oct 03Independent Director recently bought €51k worth of stockOn the 30th of September, Christian Dumont bought around 12k shares on-market at roughly €4.11 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €371k more in shares than they have sold in the last 12 months.
Board Change • Sep 21High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Mary-Ann Bell was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.