TSX:ISV

Stock Analysis Report

Information Services

Executive Summary

Information Services Corporation, together with its subsidiaries, provides registry and information management services for public data and records in Canada and internationally.

Snowflake

Fundamentals

Excellent balance sheet and slightly overvalued.

Share Price & News

How has Information Services's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.0%

ISV

0.1%

CA Real Estate

-0.3%

CA Market


1 Year Return

3.4%

ISV

17.0%

CA Real Estate

0.9%

CA Market

Return vs Industry: ISV underperformed the Canadian Real Estate industry which returned 17% over the past year.

Return vs Market: ISV exceeded the Canadian Market which returned 0.9% over the past year.


Share holder returns

ISVIndustryMarket
7 Day2.0%0.1%-0.3%
30 Day-0.2%2.8%-2.1%
90 Day-3.1%4.7%-1.5%
1 Year8.7%3.4%19.2%17.0%4.4%0.9%
3 Year-0.2%-13.3%54.6%44.6%15.7%5.4%
5 Year10.4%-13.3%82.3%45.5%26.1%7.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Information Services undervalued based on future cash flows and its price relative to the stock market?

7%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: ISV (CA$16.03) is trading below our estimate of fair value (CA$17.22)

Significantly Undervalued: ISV is trading below fair value, but not by a significant amount.


Price Based on Earnings

PE vs Industry: ISV is good value based on its PE Ratio (14.2x) compared to the Real Estate industry average (14.2x).

PE vs Market: ISV is poor value based on its PE Ratio (14.2x) compared to the Canadian market (13.7x).


Price Based on Expected Growth

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


Price Based on Value of Assets

PB vs Industry: ISV is overvalued based on its PB Ratio (2.5x) compared to the CA Real Estate industry average (0.9x).


Next Steps

Future Growth

How is Information Services expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

-15.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: ISV's earnings are forecast to decline over the next 3 years (-15.8% per year).

Earnings vs Market: ISV's earnings are forecast to decline over the next 3 years (-15.8% per year).

High Growth Earnings: ISV's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ISV's revenue (4.1% per year) is forecast to grow slower than the Canadian market (5.7% per year).

High Growth Revenue: ISV's revenue (4.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

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


Next Steps

Past Performance

How has Information Services performed over the past 5 years?

7.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ISV's earnings have grown by 7.7% per year over the past 5 years.

Accelerating Growth: ISV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ISV had negative earnings growth (-30.3%) over the past year, making it difficult to compare to the Real Estate industry average (-29.6%).


Return on Equity

High ROE: ISV's Return on Equity (17.9%) is considered low.


Return on Assets

ROA vs Industry: ISV has a higher Return on Assets than the Real Estate industry average last year.


Return on Capital Employed

ROCE Improving: ISV's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Information Services's financial position?


Financial Position Analysis

Short Term Liabilities: ISV's short term assets (CA$35.9M) exceeds its short term liabilities (CA$24.9M)

Long Term Liabilities: ISV's short term assets (35.9M) exceeds its long term liabilities (34.1M)


Debt to Equity History and Analysis

Debt Level: ISV's debt to equity ratio (17.2%) is considered satisfactory

Reducing Debt: ISV's debt to equity ratio has increased from 12.1% to 17.2% over the past 5 years.

Debt Coverage: ISV's debt is well covered by operating cash flow (133.8%).

Interest Coverage: ISV earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: ISV has a low level of unsold assets or inventory.

Debt Coverage by Assets: ISV's debt is covered by short term assets (assets are 1.886940x debt).


Next Steps

Dividend

What is Information Services's current dividend yield, its reliability and sustainability?

4.99%

Current Dividend Yield


Dividend Yield vs Market

company5.0%marketbottom25%2.0%markettop25%6.0%industryaverage3.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: ISV's dividend (4.99%) is higher than the bottom 25% of dividend payers in the Canadian market (2.03%).

High Dividend: ISV's dividend (4.99%) is low compared to the top 25% of dividend payers in the Canadian market (5.98%).

Stable Dividend: Whilst dividend payments have been stable, ISV has been paying a dividend for less than 10 years.

Growing Dividend: ISV has only been paying a dividend for 6 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (70.9%), ISV's dividend payments are 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

What is the CEO of Information Services's salary, the management and board of directors tenure and is there insider trading?

2.0yrs

Average management tenure


CEO

Jeff Stusek 0

11.3yrs

Tenure

CA$876,387

Compensation

Mr. Jeff Stusek, MBA, B.Admin has been the Chief Executive Officer and President at Information Services Corporation since July 1, 2008. Mr. Stusek served as Chief Operating Officer at Information Services ...


CEO Compensation Analysis

Compensation vs. Market: Jeff's total compensation ($USD665.33K) is about average for companies of similar size in the Canadian market ($USD684.65K).

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


Management Age and Tenure

2.0yrs

Average Tenure

Experienced Management: ISV's management team is considered experienced (2 years average tenure).


Board Age and Tenure

6.8yrs

Average Tenure

61yo

Average Age

Experienced Board: ISV's board of directors are considered experienced (6.8 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyCA$20,08302 Jan 19
Jonathan Hackshaw
EntityIndividual
Role
Head of Investor Relations
Director of Investor Relations & Capital Markets
Shares1,300
Max PriceCA$15.56
BuyCA$79,79319 Dec 18
William Musgrave
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares5,287
Max PriceCA$15.10
BuyCA$40,50029 Nov 18
Anthony Guglielmin
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,500
Max PriceCA$16.20

Ownership Breakdown


Management Team

  • Jeff Stusek

    President & CEO

    • Tenure: 11.3yrs
    • Compensation: CA$876.39k
  • Shawn Peters

    Executive VP & CFO

    • Tenure: 7.8yrs
    • Compensation: CA$445.86k
  • Ken Budzak

    Executive Vice President of Registry Operations

    • Tenure: 0yrs
    • Compensation: CA$384.34k
  • Kathy Hillman-Weir

    Executive VP

    • Tenure: 8.8yrs
    • Compensation: CA$395.79k
  • Jonathan Hackshaw

    Director of Investor Relations & Capital Markets

    • Tenure: 5.9yrs
  • Chris Valentine

    • Tenure: 0.9yrs
    • Compensation: CA$469.90k
  • Loren Cisyk

    Executive Vice President of Technology Solutions

    • Tenure: 2yrs
    • Compensation: CA$442.00k
  • Dennis White

    Vice President of Marketing & Business Development

    • Tenure: 2yrs
    • Compensation: CA$454.06k
  • Catherine McLean

    Vice President of People & Culture

    • Tenure: 2yrs
  • Clare Colledge

    President & COO of ESC Corporate Services

    • Tenure: 0.9yrs

Board Members

  • Karyn Brooks (64yo)

    Independent Director

    • Tenure: 3.4yrs
    • Compensation: CA$71.00k
  • Iraj Pourian (61yo)

    Independent Director

    • Tenure: 3.4yrs
    • Compensation: CA$69.50k
  • Laurie Powers

    Independent Director

    • Tenure: 1.4yrs
    • Compensation: CA$51.86k
  • Joel Teal (72yo)

    Independent Chairman of the Board

    • Tenure: 6.8yrs
    • Compensation: CA$113.00k
  • Doug Emsley (61yo)

    Independent Director

    • Tenure: 6.8yrs
    • Compensation: CA$70.00k
  • Tony Guglielmin

    Independent Director

    • Tenure: 6.8yrs
    • Compensation: CA$79.00k
  • Tom Christiansen

    Independent Director

    • Tenure: 10.8yrs
    • Compensation: CA$69.80k
  • William Musgrave

    Independent Director

    • Tenure: 9.8yrs
    • Compensation: CA$71.00k
  • Dion Tchorzewski

    Independent Director

    • Tenure: 6.8yrs
    • Compensation: CA$70.00k
  • Heather Ross (57yo)

    Independent Director

    • Tenure: 1.4yrs
    • Compensation: CA$54.86k

Company Information

Information Services Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Information Services Corporation
  • Ticker: ISV
  • Exchange: TSX
  • Founded: 2000
  • Industry: Real Estate Services
  • Sector: Real Estate
  • Market Cap: CA$280.525m
  • Shares outstanding: 17.50m
  • Website: https://www.company.isc.ca

Number of Employees


Location

  • Information Services Corporation
  • 300-10 Research Drive
  • Regina
  • Saskatchewan
  • S4S 7J7
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ISVTSX (The Toronto Stock Exchange)YesClass A SharesCACADJul 2013
IRMT.FOTCPK (Pink Sheets LLC)YesClass A SharesUSUSDJul 2013

Biography

Information Services Corporation, together with its subsidiaries, provides registry and information management services for public data and records in Canada and internationally. It operates through three  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 03:01
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.

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