mdf commerce (TSX:MDF) - Share price, News & Analysis

MDF fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	2/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

MDF Stock Overview

mdf commerce inc., through its subsidiaries, provides software as a service (SaaS) solutions for consumers and businesses in Canada, the United States, Europe, Asia, and internationally.

Rewards

Revenue is forecast to grow 31.04% per year

Risk Analysis

Shareholders have been substantially diluted in the past year

Currently unprofitable and not forecast to become profitable over the next 3 years

Does not have a meaningful market cap (CA$110M)

mdf commerce Competitors

Price History & Performance

Summary of all time highs, changes and price drops for mdf commerce
Historical stock prices
Current Share Price	CA$2.51
52 Week High	CA$11.67
52 Week Low	CA$2.25
Beta	1.59
1 Month Change	-3.09%
3 Month Change	-40.10%
1 Year Change	-77.87%
3 Year Change	-74.12%
5 Year Change	-83.22%
Change since IPO	-80.54%

Recent News & Updates

Apr 22

At CA$2.63, Is It Time To Put mdf commerce inc. (TSE:MDF) On Your Watch List?

mdf commerce inc. ( TSE:MDF ), is not the largest company out there, but it received a lot of attention from a...

Shareholder Returns

	MDF	CA Interactive Media and Services	CA Market
7D	-6.0%	0.6%	0.2%
1Y	-77.9%	-68.3%	4.8%

Return vs Industry: MDF underperformed the Canadian Interactive Media and Services industry which returned -68.3% over the past year.

Return vs Market: MDF underperformed the Canadian Market which returned 4.8% over the past year.

Price Volatility

Is MDF's price volatile compared to industry and market?
MDF volatility
MDF Average Weekly Movement	9.0%
Interactive Media and Services Industry Average Movement	11.5%
Market Average Movement	9.8%
10% most volatile stocks in CA Market	17.0%
10% least volatile stocks in CA Market	4.3%

Stable Share Price: MDF is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: MDF's weekly volatility (9%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1996	800	Luc Filiatreault	https://www.mdfcommerce.com

mdf commerce inc., through its subsidiaries, provides software as a service (SaaS) solutions for consumers and businesses in Canada, the United States, Europe, Asia, and internationally. The company’s SaaS solutions optimizes and accelerates commercial interactions between buyers and sellers. Its solutions include strategic sourcing, ecommerce, supply chain collaboration, and emarketplace.

mdf commerce Fundamentals Summary

How do mdf commerce's earnings and revenue compare to its market cap?
MDF fundamental statistics
Market Cap	CA$110.37m
Earnings (TTM)	-CA$18.12m
Revenue (TTM)	CA$100.34m

1.1x

P/S Ratio

-6.1x

P/E Ratio

Is MDF overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
MDF income statement (TTM)
Revenue	CA$100.34m
Cost of Revenue	CA$42.36m
Gross Profit	CA$57.98m
Other Expenses	CA$76.10m
Earnings	-CA$18.12m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	-0.41
Gross Margin	57.78%
Net Profit Margin	-18.06%
Debt/Equity Ratio	14.3%

How did MDF perform over the long term?

See historical performance and comparison

Valuation

Is mdf commerce undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

0.33x

Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: MDF (CA$2.51) is trading above our estimate of fair value (CA$1.31)

Significantly Below Fair Value: MDF is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: MDF is unprofitable, so we can't compare its PE Ratio to the North American Interactive Media and Services industry average.

PE vs Market: MDF 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 MDF's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: MDF is good value based on its PB Ratio (0.3x) compared to the CA Interactive Media and Services industry average (1.8x).

Future Growth

How is mdf commerce forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

36.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: MDF's revenue (31% per year) is forecast to grow faster than the Canadian market (6.4% per year).

High Growth Revenue: MDF's revenue (31% 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 MDF's Return on Equity is forecast to be high in 3 years time

Past Performance

How has mdf commerce performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-49.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MDF is currently unprofitable.

Growing Profit Margin: MDF is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: MDF is unprofitable, and losses have increased over the past 5 years at a rate of 49.1% per year.

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

Earnings vs Industry: MDF is unprofitable, making it difficult to compare its past year earnings growth to the Interactive Media and Services industry (-28%).

Return on Equity

High ROE: MDF has a negative Return on Equity (-5.48%), as it is currently unprofitable.

Financial Health

How is mdf commerce's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: MDF's short term assets (CA$67.5M) do not cover its short term liabilities (CA$70.8M).

Long Term Liabilities: MDF's short term assets (CA$67.5M) do not cover its long term liabilities (CA$70.1M).

Debt to Equity History and Analysis

Debt Level: MDF's net debt to equity ratio (11.8%) is considered satisfactory.

Reducing Debt: MDF's debt to equity ratio has reduced from 26.6% to 14.3% 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: MDF has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if MDF has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.

Dividend

What is mdf commerce current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate MDF'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 MDF's dividends per share have been stable in the past.

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

Earnings Payout to Shareholders

Earnings Coverage: MDF is not paying a notable dividend for the Canadian market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as MDF has not reported any payouts.

Discover strong dividend paying companies

Management

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

2.3yrs

Average management tenure

CEO

Luc Filiatreault (55 yo)

2.67yrs

Tenure

CA$731,725

Compensation

Mr. Luc Filiatreault has been President, Chief Executive Officer and Director at mdf commerce inc. (formerly known as Mediagrif Interactive Technologies Inc.). since September 16, 2019. He has been Preside...

CEO Compensation Analysis

Compensation vs Market: Luc's total compensation ($USD572.82K) is above average for companies of similar size in the Canadian market ($USD168.83K).

Compensation vs Earnings: Luc's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: MDF's management team is considered experienced (2.3 years average tenure).

Board Members

Experienced Board: MDF's board of directors are not considered experienced ( 2.7 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.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 54.8%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/23 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2021/12/31
Annual Earnings	2021/03/31