Reported Earnings • May 17
First quarter 2026 earnings: EPS exceeds analyst expectations First quarter 2026 results: EPS: CA$0.03 (down from CA$0.038 in 1Q 2025). Revenue: CA$12.0m (up 16% from 1Q 2025). Net income: CA$2.41m (down 19% from 1Q 2025). Profit margin: 20% (down from 29% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 50%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Trade Distributors industry in Canada. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings. Announcement • May 14
Enterprise Group, Inc. to Report Q1, 2026 Results on May 14, 2026 Enterprise Group, Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 14, 2026 Announcement • Apr 15
Enterprise Group, Inc., Annual General Meeting, Jun 25, 2026 Enterprise Group, Inc., Annual General Meeting, Jun 25, 2026. Price Target Changed • Mar 17
Price target decreased by 8.8% to CA$1.95 Down from CA$2.13, the current price target is an average from 4 analysts. New target price is 89% above last closing price of CA$1.03. Stock is down 42% over the past year. The company is forecast to post earnings per share of CA$0.083 for next year compared to CA$0.045 last year. Reported Earnings • Mar 15
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: CA$0.045 (down from CA$0.074 in FY 2024). Revenue: CA$36.4m (up 4.9% from FY 2024). Net income: CA$3.53m (down 22% from FY 2024). Profit margin: 9.7% (down from 13% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 27%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Trade Distributors industry in Canada. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings. Price Target Changed • Mar 13
Price target decreased by 10% to CA$2.01 Down from CA$2.24, the current price target is an average from 4 analysts. New target price is 82% above last closing price of CA$1.10. Stock is down 40% over the past year. The company is forecast to post earnings per share of CA$0.093 for next year compared to CA$0.046 last year. New Risk • Dec 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major 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: Major Risk Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (10% net profit margin). Market cap is less than US$100m (CA$116.3m market cap, or US$84.1m). Reported Earnings • Nov 16
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: CA$0.011 (up from CA$0.003 loss in 3Q 2024). Revenue: CA$9.21m (up 35% from 3Q 2024). Net income: CA$819.6k (up CA$1.02m from 3Q 2024). Profit margin: 8.9% (up from net loss in 3Q 2024). Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 50%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Trade Distributors industry in Canada. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions Derivative • Nov 14
President & Director exercised options to buy CA$835k worth of stock. On the 13th of November, Desmond O'Kell exercised options to buy 668k shares at a strike price of around CA$0.45, costing a total of CA$300k. This transaction amounted to 27% of their direct individual holding at the time of the trade. Since March 2025, Desmond has owned 2.44m shares directly. Company insiders have collectively bought CA$406k more than they sold, via options and on-market transactions, in the last 12 months. Buy Or Sell Opportunity • Sep 12
Now 21% overvalued Over the last 90 days, the stock has fallen 11% to CA$1.50. The fair value is estimated to be CA$1.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings are also forecast to grow by 30% per annum over the same time period. Major Estimate Revision • Aug 21
Consensus EPS estimates fall by 36% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CA$43.0m to CA$39.5m. EPS estimate also fell from CA$0.11 per share to CA$0.07 per share. Net income forecast to grow 227% next year vs 14% growth forecast for Trade Distributors industry in Canada. Consensus price target down from CA$2.46 to CA$2.24. Share price was steady at CA$1.43 over the past week. Price Target Changed • Aug 17
Price target decreased by 7.1% to CA$2.28 Down from CA$2.46, the current price target is an average from 4 analysts. New target price is 62% above last closing price of CA$1.41. Stock is down 2.8% over the past year. The company is forecast to post earnings per share of CA$0.07 for next year compared to CA$0.074 last year. Reported Earnings • Aug 15
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: CA$0.012 loss per share (down from CA$0.001 profit in 2Q 2024). Revenue: CA$6.49m (down 16% from 2Q 2024). Net loss: CA$929.0k (down CA$1.01m from profit in 2Q 2024). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Trade Distributors industry in Canada. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 09
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 33% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (CA$129.5m market cap, or US$93.0m). Reported Earnings • May 09
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: EPS: CA$0.038 (down from CA$0.078 in 1Q 2024). Revenue: CA$10.3m (down 16% from 1Q 2024). Net income: CA$2.98m (down 25% from 1Q 2024). Profit margin: 29% (down from 32% in 1Q 2024). Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) exceeded analyst estimates by 33%. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Trade Distributors industry in Canada. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CA$1.50, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 10x in the Trade Distributors industry in Canada. Total returns to shareholders of 305% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$2.83 per share. New Risk • May 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% 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 Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (CA$116.3m market cap, or US$84.2m). Announcement • May 02
Enterprise Group, Inc. (TSX:E) entered into a Purchase and Sale Agreement to acquire Flex Leasing Power And Service ULC from FlexEnergy Green Solutions, Inc. Enterprise Group, Inc. (TSX:E) entered into a Purchase and Sale Agreement to acquire Flex Leasing Power And Service ULC from FlexEnergy Green Solutions, Inc. on May 1, 2025. The transaction is expected to close within the next few days. Price Target Changed • Apr 17
Price target decreased by 20% to CA$2.33 Down from CA$2.92, the current price target is an average from 4 analysts. New target price is 85% above last closing price of CA$1.26. Stock is up 15% over the past year. The company is forecast to post earnings per share of CA$0.098 for next year compared to CA$0.074 last year. Announcement • Apr 07
Enterprise Group, Inc., Annual General Meeting, Jun 12, 2025 Enterprise Group, Inc., Annual General Meeting, Jun 12, 2025. Major Estimate Revision • Mar 30
Consensus revenue estimates decrease by 14%, EPS upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CA$53.0m to CA$45.6m. EPS estimate increased from CA$0.09 to CA$0.108 per share. Net income forecast to grow 86% next year vs 39% growth forecast for Trade Distributors industry in Canada. Consensus price target down from CA$3.15 to CA$2.92. Share price rose 3.8% to CA$1.37 over the past week. Major Estimate Revision • Mar 27
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CA$49.9m to CA$47.2m. EPS estimate also fell from CA$0.143 per share to CA$0.113 per share. Net income forecast to grow 89% next year vs 39% growth forecast for Trade Distributors industry in Canada. Consensus price target down from CA$3.30 to CA$3.01. Share price fell 2.1% to CA$1.37 over the past week. Price Target Changed • Mar 21
Price target decreased by 8.8% to CA$3.01 Down from CA$3.30, the current price target is an average from 5 analysts. New target price is 128% above last closing price of CA$1.32. Stock is up 53% over the past year. The company is forecast to post earnings per share of CA$0.085 for next year compared to CA$0.074 last year. Reported Earnings • Mar 20
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CA$0.074 (down from CA$0.12 in FY 2023). Revenue: CA$34.6m (up 3.4% from FY 2023). Net income: CA$4.54m (down 26% from FY 2023). Profit margin: 13% (down from 18% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) also missed analyst estimates by 28%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Trade Distributors industry in Canada. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. New Risk • Mar 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$139.5m (US$97.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risk Market cap is less than US$100m (CA$139.5m market cap, or US$97.0m). Announcement • Mar 05
Enterprise Group, Inc. to Report Q4, 2024 Results on Mar 20, 2025 Enterprise Group, Inc. announced that they will report Q4, 2024 results on Mar 20, 2025 Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CA$2.11, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Trade Distributors industry in Canada. Total returns to shareholders of 494% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$4.17 per share. Recent Insider Transactions Derivative • Jan 07
Senior VP exercised options to buy CA$827k worth of stock. On the 6th of January, Desmond O'Kell exercised options to buy 333k shares at a strike price of around CA$0.45, costing a total of CA$150k. This transaction amounted to 16% of their direct individual holding at the time of the trade. Since June 2024, Desmond has owned 2.11m shares directly. Company insiders have collectively bought CA$211k more than they sold, via options and on-market transactions, in the last 12 months. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CA$2.30, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Trade Distributors industry in Canada. Total returns to shareholders of 680% over the past three years. New Risk • Jan 05
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major 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: Major Risk Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Significant insider selling over the past 3 months (CA$232k sold). Announcement • Dec 12
Enterprise Group, Inc. has completed a Follow-on Equity Offering in the amount of CAD 25.00001 million. Enterprise Group, Inc. has completed a Follow-on Equity Offering in the amount of CAD 25.00001 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 13,157,900
Price\Range: CAD 1.9
Discount Per Security: CAD 0.114 Announcement • Nov 28
Enterprise Group, Inc. has filed a Follow-on Equity Offering in the amount of CAD 20.0013 million. Enterprise Group, Inc. has filed a Follow-on Equity Offering in the amount of CAD 20.0013 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 10,527,000
Price\Range: CAD 1.9 Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CA$1.76, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Trade Distributors industry in Canada. Total returns to shareholders of 389% over the past three years. Reported Earnings • Nov 09
Third quarter 2024 earnings released: CA$0.004 loss per share (vs CA$0.033 profit in 3Q 2023) Third quarter 2024 results: CA$0.004 loss per share (down from CA$0.033 profit in 3Q 2023). Revenue: CA$6.80m (down 19% from 3Q 2023). Net loss: CA$197.6k (down 112% from profit in 3Q 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Trade Distributors industry in Canada. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 79% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Oct 16
Independent Director recently sold CA$139k worth of stock On the 11th of October, John Harold Pinsent sold around 60k shares on-market at roughly CA$2.31 per share. This transaction amounted to 16% 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$131k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CA$2.40, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Trade Distributors industry in Canada. Total returns to shareholders of 700% over the past three years. Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CA$2.04, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Trade Distributors industry in Canada. Total returns to shareholders of 670% over the past three years. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CA$1.63, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Trade Distributors industry in Canada. Total returns to shareholders of 552% over the past three years. Major Estimate Revision • Aug 15
Consensus revenue estimates increase by 11% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from CA$37.7m to CA$41.9m. EPS estimate increased from CA$0.12 to CA$0.16 per share. Net income forecast to grow 29% next year vs 2.6% growth forecast for Trade Distributors industry in Canada. Consensus price target up from CA$1.62 to CA$3.35. Share price rose 9.7% to CA$1.47 over the past week. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: CA$0.001 (vs CA$0.011 loss in 2Q 2023) Second quarter 2024 results: EPS: CA$0.001 (up from CA$0.011 loss in 2Q 2023). Revenue: CA$7.71m (up 41% from 2Q 2023). Net income: CA$76.4k (up CA$602.2k from 2Q 2023). Profit margin: 1.0% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Trade Distributors industry in Canada. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 78% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CA$1.36, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Trade Distributors industry in Canada. Total returns to shareholders of 467% over the past three years. Recent Insider Transactions Derivative • Jul 09
Chairman exercised options to buy CA$667k worth of stock. On the 7th of July, Leonard Jaroszuk exercised options to buy 556k shares at a strike price of around CA$0.45, costing a total of CA$250k. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. Since September 2023, Leonard's direct individual holding has increased from 18.31m shares to 18.32m. Company insiders have collectively bought CA$296k more than they sold, via options and on-market transactions, in the last 12 months. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CA$1.42, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Trade Distributors industry in Canada. Total returns to shareholders of 492% over the past three years. Price Target Changed • May 17
Price target increased by 22% to CA$1.62 Up from CA$1.33, the current price target is provided by 1 analyst. New target price is 29% above last closing price of CA$1.26. Stock is up 174% over the past year. The company is forecast to post earnings per share of CA$0.12 for next year compared to CA$0.12 last year. Reported Earnings • May 09
First quarter 2024 earnings released: EPS: CA$0.08 (vs CA$0.055 in 1Q 2023) First quarter 2024 results: EPS: CA$0.08 (up from CA$0.055 in 1Q 2023). Revenue: CA$12.3m (up 23% from 1Q 2023). Net income: CA$3.99m (up 43% from 1Q 2023). Profit margin: 32% (up from 28% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Trade Distributors industry in Canada. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 82% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 45% After last week's 45% share price gain to CA$1.23, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Trade Distributors industry in Canada. Total returns to shareholders of 547% over the past three years. Announcement • Apr 05
Enterprise Group, Inc., Annual General Meeting, Jun 13, 2024 Enterprise Group, Inc., Annual General Meeting, Jun 13, 2024. New Risk • Mar 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% 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 (40% net debt to equity). Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (CA$48.2m market cap, or US$35.8m). New Risk • Mar 08
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 43% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (43% net debt to equity). Market cap is less than US$100m (CA$45.8m market cap, or US$34.0m). Announcement • Feb 07
Enterprise Group, Inc. to Report Q4, 2023 Results on Feb 07, 2024 Enterprise Group, Inc. announced that they will report Q4, 2023 results After-Market on Feb 07, 2024 Major Estimate Revision • Nov 18
Consensus revenue estimates increase by 12% The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from CA$32.1m to CA$35.9m. EPS estimate increased from CA$0.07 to CA$0.11 per share. Net income forecast to grow 5.3% next year vs 1.0% growth forecast for Trade Distributors industry in Canada. Consensus price target up from CA$1.07 to CA$1.26. Share price fell 5.4% to CA$0.70 over the past week. Price Target Changed • Nov 17
Price target increased by 13% to CA$1.26 Up from CA$1.12, the current price target is provided by 1 analyst. New target price is 85% above last closing price of CA$0.68. Stock is up 60% over the past year. The company is forecast to post earnings per share of CA$0.11 for next year compared to CA$0.046 last year. Major Estimate Revision • Aug 18
Consensus EPS estimates fall by 12%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from CA$31.7m to CA$32.1m. EPS estimate fell from CA$0.08 to CA$0.07 per share. Net income forecast to grow 11% next year vs 1.1% decline forecast for Trade Distributors industry in Canada. Consensus price target down from CA$1.12 to CA$1.07. Share price was steady at CA$0.46 over the past week. Reported Earnings • Aug 13
Second quarter 2023 earnings released: CA$0.01 loss per share (vs CA$0.011 loss in 2Q 2022) Second quarter 2023 results: CA$0.01 loss per share. Revenue: CA$5.46m (up 3.1% from 2Q 2022). Net loss: CA$525.7k (loss widened 2.4% from 2Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 2 years, while revenues in the Trade Distributors industry in Canada are expected to remain flat. Price Target Changed • May 19
Price target increased by 9.8% to CA$1.12 Up from CA$1.02, the current price target is provided by 1 analyst. New target price is 141% above last closing price of CA$0.47. Stock is up 16% over the past year. The company is forecast to post earnings per share of CA$0.08 for next year compared to CA$0.046 last year. Reported Earnings • May 12
First quarter 2023 earnings released: EPS: CA$0.06 (vs CA$0.035 in 1Q 2022) First quarter 2023 results: EPS: CA$0.06 (up from CA$0.035 in 1Q 2022). Revenue: CA$10.0m (up 31% from 1Q 2022). Net income: CA$2.80m (up 67% from 1Q 2022). Profit margin: 28% (up from 22% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 3.0% decline forecast for the Trade Distributors 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 only increased by 51% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Apr 15
Insider recently sold CA$475k worth of stock On the 11th of April, Brian Nilsson sold around 1m shares on-market at roughly CA$0.44 per share. This transaction amounted to 17% 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$1.3m more than they bought in the last 12 months. Reported Earnings • Mar 21
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: CA$0.05 (up from CA$0.049 loss in FY 2021). Revenue: CA$26.9m (up 44% from FY 2021). Net income: CA$2.28m (up CA$4.65m from FY 2021). Profit margin: 8.5% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 67%. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 4 highly experienced directors. Independent Director Neil B. Darling was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Third quarter 2022 earnings released: CA$0.01 loss per share (vs CA$0.02 loss in 3Q 2021) Third quarter 2022 results: CA$0.01 loss per share (improved from CA$0.02 loss in 3Q 2021). Revenue: CA$5.23m (up 34% from 3Q 2021). Net loss: CA$677.7k (loss narrowed 30% from 3Q 2021). Revenue is forecast to grow 10% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Canada are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions Derivative • Aug 25
Chairman exercised options to buy CA$820k worth of stock. On the 18th of August, Leonard Jaroszuk exercised options to buy 2m shares at a strike price of around CA$0.18, costing a total of CA$360k. This transaction amounted to 12% of their direct individual holding at the time of the trade. Since December 2021, Leonard has owned 16.23m shares directly. Company insiders have collectively bought CA$801k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Aug 12
Second quarter 2022 earnings released: CA$0.01 loss per share (vs CA$0.033 loss in 2Q 2021) Second quarter 2022 results: CA$0.01 loss per share (up from CA$0.033 loss in 2Q 2021). Revenue: CA$5.30m (up 64% from 2Q 2021). Net loss: CA$513.3k (loss narrowed 68% from 2Q 2021). Over the next year, revenue is forecast to grow 19%, compared to a 4.3% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 22
Insider recently sold CA$94k worth of stock On the 20th of June, Brian Nilsson sold around 230k shares on-market at roughly CA$0.41 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought CA$188k more than they sold in the last 12 months. Recent Insider Transactions • May 18
Insider recently sold CA$64k worth of stock On the 16th of May, Brian Nilsson sold around 163k shares on-market at roughly CA$0.40 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought CA$492k more than they sold in the last 12 months. Reported Earnings • May 13
First quarter 2022 earnings released: EPS: CA$0.04 (vs CA$0.002 in 1Q 2021) First quarter 2022 results: EPS: CA$0.04 (up from CA$0.002 in 1Q 2021). Revenue: CA$7.63m (up 30% from 1Q 2021). Net income: CA$1.68m (up CA$1.58m from 1Q 2021). Profit margin: 22% (up from 1.6% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Announcement • May 07
Enterprise Group, Inc., Annual General Meeting, Jun 23, 2022 Enterprise Group, Inc., Annual General Meeting, Jun 23, 2022. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. Independent Director Neil B. Darling was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 21
Enterprise Group, Inc. (TSX:E) acquired Johnson Power Systems. Enterprise Group, Inc. (TSX:E) acquired Johnson Power Systems recently. Reported Earnings • Mar 16
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: CA$0.05 loss per share (up from CA$0.089 loss in FY 2020). Revenue: CA$18.7m (up 21% from FY 2020). Net loss: CA$2.38m (loss narrowed 47% from FY 2020). Revenue missed analyst estimates by 10%. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Feb 10
Insider recently sold CA$66k worth of stock On the 4th of February, Brian Nilsson sold around 167k shares on-market at roughly CA$0.40 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought CA$585k more than they sold in the last 12 months.