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Market Cap

CA$160.0m

Last Updated

2021/05/16 00:16 UTC

Data Sources

Company Financials +

Executive Summary

Think Research Corp., an investment holding company, gathers, develops, and delivers knowledge-based Software-as-a-Service solutions for the health care industry in Canada, the United States, and internationally. More Details


Snowflake Analysis

Fair value with limited growth.

Share Price & News

How has Think Research's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: THNK is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: Insufficient data to determine THNK's volatility change over the past year.


Market Performance


7 Day Return

0.8%

THNK

0.2%

CA Healthcare Services

-0.7%

CA Market


1 Year Return

n/a

THNK

116.5%

CA Healthcare Services

39.3%

CA Market

Return vs Industry: Insufficient data to determine how THNK performed against the Canadian Healthcare Services industry.

Return vs Market: Insufficient data to determine how THNK performed against the Canadian Market.


Shareholder returns

THNKIndustryMarket
7 Day0.8%0.2%-0.7%
30 Day4.2%2.9%1.0%
90 Day15.4%-7.4%6.1%
1 Yearn/a116.5%116.5%43.8%39.3%
3 Yearn/a-49.0%-49.0%28.6%16.4%
5 Yearn/a-61.8%-61.8%58.6%34.7%

Long-Term Price Volatility Vs. Market

How volatile is Think Research's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Think Research undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: THNK (CA$3.75) is trading below our estimate of fair value (CA$9.3)

Significantly Below Fair Value: THNK is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: THNK is unprofitable, so we can't compare its PE Ratio to the North American Healthcare Services industry average.

PE vs Market: THNK is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate THNK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: THNK is good value based on its PB Ratio (4.1x) compared to the CA Healthcare Services industry average (7.7x).


Future Growth

How is Think Research forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

113.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: THNK is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: THNK is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: THNK is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: THNK's revenue (21.3% per year) is forecast to grow faster than the Canadian market (6.3% per year).

High Growth Revenue: THNK's revenue (21.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if THNK's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Think Research performed over the past 5 years?

-365.3%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: THNK is currently unprofitable.

Growing Profit Margin: THNK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if THNK's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare THNK's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: THNK is unprofitable, making it difficult to compare its past year earnings growth to the Healthcare Services industry (18.1%).


Return on Equity

High ROE: THNK has a negative Return on Equity (-150.39%), as it is currently unprofitable.


Financial Health

How is Think Research's financial position?


Financial Position Analysis

Short Term Liabilities: THNK's short term assets (CA$18.7M) do not cover its short term liabilities (CA$30.0M).

Long Term Liabilities: THNK's short term assets (CA$18.7M) exceed its long term liabilities (CA$6.7M).


Debt to Equity History and Analysis

Debt Level: THNK's debt to equity ratio (27.2%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if THNK's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: THNK has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: THNK has less than a year of cash runway if free cash flow continues to reduce at historical rates of 21% each year


Dividend

What is Think Research current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate THNK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate THNK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if THNK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if THNK's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of THNK's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.5yrs

Average management tenure


CEO

Sachin Aggarwal

7.33yrs

Tenure

Mr. Sachin Aggarwal has been Chief Executive Officer at Think Research Corporation since 2014 and serves as its Director since September 2010. He served as Chief Operating Officer at Think Research Corpora...


Leadership Team

Experienced Management: THNK's management team is seasoned and experienced (6.5 years average tenure).


Board Members

Experienced Board: THNK's board of directors are not considered experienced ( 0.4 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: THNK only recently listed within the past 12 months.


Top Shareholders

Company Information

Think Research Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Think Research Corporation
  • Ticker: THNK
  • Exchange: TSXV
  • Founded: 2014
  • Industry: Health Care Technology
  • Sector: Healthcare
  • Market Cap: CA$159.960m
  • Shares outstanding: 42.66m
  • Website: https://www.thinkresearch.com/ca/

Number of Employees


Location

  • Think Research Corporation
  • 351 King Street East
  • Suite 500
  • Toronto
  • Ontario
  • M5A 0L6
  • Canada

Listings


Biography

Think Research Corp., an investment holding company, gathers, develops, and delivers knowledge-based Software-as-a-Service solutions for the health care industry in Canada, the United States, and internati...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/16 00:16
End of Day Share Price2021/05/14 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.