Executive Summary
Computer Modelling Group Ltd., a computer software technology company, develops and licenses reservoir simulation software in Canada. More Details
Risk Analysis
Snowflake Analysis
Flawless balance sheet with questionable track record.
Share Price & News
How has Computer Modelling Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CMG is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: CMG's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
0.2%
CMG
-0.9%
CA Energy Services
-0.2%
CA Market
1 Year Return
-33.8%
CMG
-32.9%
CA Energy Services
1.5%
CA Market
Return vs Industry: CMG underperformed the Canadian Energy Services industry which returned -32.4% over the past year.
Return vs Market: CMG underperformed the Canadian Market which returned 2.1% over the past year.
Shareholder returns
| CMG | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.2% | -0.9% | -0.2% |
| 30 Day | 7.4% | 14.2% | 4.0% |
| 90 Day | -1.8% | 45.3% | 12.9% |
| 1 Year | -30.9%-33.8% | -30.4%-32.9% | 5.2%1.5% |
| 3 Year | -36.8%-45.6% | -61.8%-65.3% | 14.2%3.4% |
| 5 Year | -20.9%-37.3% | -49.7%-56.7% | 63.2%38.1% |
Long-Term Price Volatility Vs. Market
How volatile is Computer Modelling Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
A Look At Computer Modelling Group's (TSE:CMG) CEO Remuneration3 weeks ago | Simply Wall St
What Kind Of Shareholders Hold The Majority In Computer Modelling Group Ltd.'s (TSE:CMG) Shares?1 month ago | Simply Wall St
Computer Modelling Group's(TSE:CMG) Share Price Is Down 48% Over The Past Three Years.Valuation
Is Computer Modelling Group undervalued compared to its fair value and its price relative to the market?
19.38x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CMG (CA$5.36) is trading above our estimate of fair value (CA$3.98)
Significantly Below Fair Value: CMG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CMG is poor value based on its PE Ratio (19.4x) compared to the CA Energy Services industry average (14.7x).
PE vs Market: CMG is poor value based on its PE Ratio (19.4x) compared to the Canadian market (16.9x).
Price to Earnings Growth Ratio
PEG Ratio: CMG is poor value based on its PEG Ratio (16.8x)
Price to Book Ratio
PB vs Industry: CMG is overvalued based on its PB Ratio (10.5x) compared to the CA Energy Services industry average (0.5x).
Next Steps
Future Growth
How is Computer Modelling Group forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
1.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CMG's forecast earnings growth (1.2% per year) is below the savings rate (1.5%).
Earnings vs Market: CMG's earnings (1.2% per year) are forecast to grow slower than the Canadian market (27.6% per year).
High Growth Earnings: CMG's earnings are forecast to grow, but not significantly.
Revenue vs Market: CMG's revenue (1% per year) is forecast to grow slower than the Canadian market (8% per year).
High Growth Revenue: CMG's revenue (1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CMG's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Computer Modelling Group performed over the past 5 years?
-4.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CMG has high quality earnings.
Growing Profit Margin: CMG's current net profit margins (30.7%) are lower than last year (30.8%).
Past Earnings Growth Analysis
Earnings Trend: CMG's earnings have declined by 4.7% per year over the past 5 years.
Accelerating Growth: CMG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CMG had negative earnings growth (-7.9%) over the past year, making it difficult to compare to the Energy Services industry average (-56.7%).
Return on Equity
High ROE: CMG's Return on Equity (54.3%) is considered outstanding.
Next Steps
Financial Health
How is Computer Modelling Group's financial position?
Financial Position Analysis
Short Term Liabilities: CMG's short term assets (CA$56.2M) exceed its short term liabilities (CA$25.9M).
Long Term Liabilities: CMG's short term assets (CA$56.2M) exceed its long term liabilities (CA$40.4M).
Debt to Equity History and Analysis
Debt Level: CMG is debt free.
Reducing Debt: CMG has not had any debt for past 5 years.
Debt Coverage: CMG has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: CMG has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Computer Modelling Group current dividend yield, its reliability and sustainability?
3.73%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CMG's dividend (3.73%) is higher than the bottom 25% of dividend payers in the Canadian market (1.53%).
High Dividend: CMG's dividend (3.73%) is low compared to the top 25% of dividend payers in the Canadian market (4.96%).
Stability and Growth of Payments
Stable Dividend: CMG's dividend payments have been volatile in the past 10 years.
Growing Dividend: CMG's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (108.5%), CMG's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.1yrs
Average management tenure
CEO
Ryan Schneider (43 yo)
2.5yrs
Tenure
CA$900,953
Compensation
Mr. Ryan N. Schneider has been President, Chief Executive Officer of Computer Modelling Group Ltd., since July 12, 2018 and serves its Director since July 12, 2018. Mr. Schneider servesd as the Chief Opera...
CEO Compensation Analysis
Compensation vs Market: Ryan's total compensation ($USD713.82K) is about average for companies of similar size in the Canadian market ($USD769.99K).
Compensation vs Earnings: Ryan's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.5yrs | CA$900.95k | 0.042% CA$ 172.8k | |
| CTO and VP of Research & Development | 1.92yrs | CA$604.97k | 0.95% CA$ 3.9m | |
| VP of Finance & CFO (Leave of Absence) | 0.33yr | CA$494.65k | 0.081% CA$ 334.8k | |
| Interim VP of Finance & CFO | 0.33yr | no data | no data | |
| Manager of Administration & Compliance | no data | no data | no data |
1.1yrs
Average Tenure
Experienced Management: CMG's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.5yrs | CA$900.95k | 0.042% CA$ 172.8k | |
| Independent Chairman of the Board | 3.5yrs | CA$144.60k | 0.13% CA$ 537.1k | |
| Independent Director | 16.58yrs | CA$119.76k | 0.070% CA$ 287.8k | |
| Vice Chairman of the Board | 2.5yrs | CA$84.76k | 2.03% CA$ 8.4m | |
| Independent Director | 1.25yrs | CA$80.23k | no data | |
| Independent Director | 13.67yrs | CA$113.76k | 0.015% CA$ 61.1k | |
| Director | no data | no data | no data | |
| Independent Director | 3.5yrs | CA$101.76k | 0.017% CA$ 71.6k | |
| Independent Director | 8.92yrs | CA$116.76k | 0.024% CA$ 97.7k |
3.5yrs
Average Tenure
64yo
Average Age
Experienced Board: CMG's board of directors are considered experienced (3.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CMG insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Computer Modelling Group Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Computer Modelling Group Ltd.
- Ticker: CMG
- Exchange: TSX
- Founded: 1978
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: CA$412.671m
- Shares outstanding: 80.29m
- Website: https://www.cmgl.ca
Number of Employees
Location
- Computer Modelling Group Ltd.
- 3710 33 Street NW
- Calgary
- Alberta
- T2L 2M1
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CMG | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Apr 1997 |
| 5TJ | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Apr 1997 |
| CMDX.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Apr 1997 |
Biography
Computer Modelling Group Ltd., a computer software technology company, develops and licenses reservoir simulation software in Canada. The company offers CMOST AI, an intelligent optimization and analysis t...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 23:32 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.