How does MDF's PS Ratio compare to its peers?

MDF is good value based on its Price-To-Sales Ratio (2.1x) compared to the peer average (2.8x).

How does MDF's PS Ratio compare vs other companies in the CA Interactive Media and Services Industry?

MDF is expensive based on its Price-To-Sales Ratio (2.1x) compared to the North American Interactive Media and Services industry average (1.5x).

What is MDF's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MDF is expensive based on its Price-To-Sales Ratio (2.1x) compared to the estimated Fair Price-To-Sales Ratio (0.7x).

What is the Fair Price of MDF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate MDF's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is lower than the current share price.

mdf commerce (TSX:MDF) - Stock Price, News & Analysis

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

MDF Stock Overview

Through its subsidiaries, provides software as a service (SaaS) solutions for consumers and businesses in Canada, the United States, Europe, Asia, and internationally. More details

MDF fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Risk Analysis

Volatile share price over the past 3 months

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

mdf commerce inc. Competitors

VerticalScope Holdings

TSX:FORA

CA$181.7m

Yellow Pages

TSX:Y

CA$155.3m

illumin Holdings

TSX:ILLM

CA$89.0m

TSXV:EQ

CA$76.6m

Price History & Performance

Summary of all time highs, changes and price drops for mdf commerce
Historical stock prices
Current Share Price	CA$5.79
52 Week High	CA$5.79
52 Week Low	CA$3.13
Beta	1.64
11 Month Change	0.70%
3 Month Change	57.77%
1 Year Change	65.43%
33 Year Change	-48.94%
5 Year Change	-40.92%
Change since IPO	-55.12%

Recent updates

We Think That There Are Some Issues For mdf commerce (TSE:MDF) Beyond Its Promising Earnings

Nov 14

Shareholders May Be Wary Of Increasing mdf commerce inc.'s (TSE:MDF) CEO Compensation Package

Sep 13

Shareholder Returns

	MDF	CA Interactive Media and Services	CA Market
7D	0.5%	2.2%	2.2%
1Y	65.4%	8.3%	23.4%

Return vs Industry: MDF exceeded the Canadian Interactive Media and Services industry which returned 3.1% over the past year.

Return vs Market: MDF exceeded the Canadian Market which returned 10.3% over the past year.

Price Volatility

Is MDF's price volatile compared to industry and market?
MDF volatility
MDF Average Weekly Movement	15.4%
Interactive Media and Services Industry Average Movement	8.4%
Market Average Movement	8.3%
10% most volatile stocks in CA Market	17.7%
10% least volatile stocks in CA Market	2.9%

Stable Share Price: MDF's share price has been volatile over the past 3 months.

Volatility Over Time: MDF's weekly volatility has increased from 9% to 15% over the past year.

About the Company

Founded	Employees	CEO	Website
1996	650	Luc Filiatreault	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 ecommerce, eprocurement, and emarketplace.

mdf commerce inc. Fundamentals Summary

How do mdf commerce's earnings and revenue compare to its market cap?
MDF fundamental statistics
Market cap	CA$254.15m
Earnings (TTM)	-CA$14.07m
Revenue (TTM)	CA$123.17m

2.1x

P/S Ratio

-18.1x

P/E Ratio

Is MDF overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MDF income statement (TTM)
Revenue	CA$123.17m
Cost of Revenue	CA$51.80m
Gross Profit	CA$71.37m
Other Expenses	CA$85.44m
Earnings	-CA$14.07m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.32
Gross Margin	57.94%
Net Profit Margin	-11.43%
Debt/Equity Ratio	0.5%

How did MDF perform over the long term?

See historical performance and comparison

This company listing is no longer active

MDF Stock Overview

Risk Analysis

mdf commerce inc. Competitors

TSX:FORA

CA$181.7m

TSX:Y

CA$155.3m

TSX:ILLM

CA$89.0m

TSXV:EQ

CA$76.6m

Price History & Performance

Recent News & Updates

mdf commerce inc. acquired EcoInteractive, Inc. from Alpine SG, LLC.

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.

The Shares of mdf commerce Expects to Be Delisted from the Toronto Stock Exchange at the Close of Trading on or About May 22, 2024

MDF Commerce Obtains Shareholder OK for Go-Private Deal and KKR Intends to Cause MDF Commerce's Shares to be Delisted from the Toronto Stock Exchange

KKR Intends to Delist Common Shares of mdf commerce from TSX Upon Closing of the Transaction

New major risk - Revenue and earnings growth

Recent updates

mdf commerce inc. acquired EcoInteractive, Inc. from Alpine SG, LLC.

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.

The Shares of mdf commerce Expects to Be Delisted from the Toronto Stock Exchange at the Close of Trading on or About May 22, 2024

MDF Commerce Obtains Shareholder OK for Go-Private Deal and KKR Intends to Cause MDF Commerce's Shares to be Delisted from the Toronto Stock Exchange

KKR Intends to Delist Common Shares of mdf commerce from TSX Upon Closing of the Transaction

New major risk - Revenue and earnings growth

mdf commerce inc. to Report Q3, 2024 Results on Feb 14, 2024

We Think That There Are Some Issues For mdf commerce (TSE:MDF) Beyond Its Promising Earnings

Second quarter 2024 earnings released: CA$0.018 loss per share (vs CA$2.04 loss in 2Q 2023)

mdf commerce inc. to Report Q2, 2024 Results on Nov 08, 2023

Shareholders May Be Wary Of Increasing mdf commerce inc.'s (TSE:MDF) CEO Compensation Package

Price target increased by 13% to CA$4.50

New major risk - Financial position

First quarter 2024 earnings released: CA$0.12 loss per share (vs CA$0.14 loss in 1Q 2023)

Now 20% undervalued

Estimating The Fair Value Of mdf commerce inc. (TSE:MDF)

mdf commerce inc., Annual General Meeting, Sep 19, 2023

New major risk - Revenue and earnings growth

Full year 2023 earnings: EPS exceeds analyst expectations

mdf commerce inc. to Report Q4, 2023 Results on Jun 28, 2023

Price target decreased by 13% to CA$4.00

mdf Commerce Inc. Appoints Martial Vincent as Member of its Board of Directors

Consensus EPS estimates upgraded to CA$1.92 loss

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

mdf commerce inc. to Report Q3, 2023 Results on Feb 13, 2023

Consensus forecasts updated

Second quarter 2023 earnings: EPS misses analyst expectations

Less than half of directors are independent

Price target increased to CA$4.33

SPS Commerce, Inc. (NasdaqGS:SPSC) acquired InterTrade Systems, Inc. from mdf commerce inc. (TSX:MDF) for CAD 65.8 million.

mdf commerce inc. Announces Executive Changes

Consensus forecasts updated

Price target decreased to CA$3.60

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

mdf commerce inc. to Report Q1, 2023 Results on Aug 11, 2022

High number of new directors

Consensus revenue estimates fall by 12%

High number of new directors

mdf commerce inc., Annual General Meeting, Sep 20, 2022

Full year 2022 earnings: EPS and revenues miss analyst expectations

mdf commerce inc. to Report Q4, 2022 Results on Jun 29, 2022

Price target decreased to CA$6.80

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

Consensus EPS estimates fall by 21%

Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

mdf commerce inc. to Report Q3, 2022 Results on Feb 09, 2022

Now 20% undervalued after recent price drop

Is It Too Late To Consider Buying mdf commerce inc. (TSE:MDF)?

Second quarter 2022 earnings released: CA$0.19 loss per share (vs CA$0.036 loss in 2Q 2021)

Independent Director recently bought CA$74k worth of stock

Independent Director Gilles Laurin has left the company

mdf commerce inc. has completed a Follow-on Equity Offering in the amount of CAD 67.84 million.

mdf commerce inc. announced that it has received CAD 52.619112 million in funding from Fonds de solidarité FTQ, Investissement Québec

First quarter 2022 earnings released: CA$0.15 loss per share (vs CA$0.075 loss in 1Q 2021)

mdf commerce inc. announced that it expects to receive CAD 52.619112 million in funding from Fonds de solidarité FTQ, Investissement Québec

Consensus forecasts updated

Full year 2021 earnings released: CA$0.38 loss per share (vs CA$0.39 loss in FY 2020)

Price target decreased to CA$16.30

Estimating The Fair Value Of mdf commerce inc. (TSE:MDF)