Information Services
Market Cap
CA$288.8m
Last Updated
2020/02/17 01:11 UTC
Data Sources
Company Financials +
Executive Summary
Information Services Corporation, together with its subsidiaries, provides registry and information management services for public data and records in Canada and internationally.
Rewards
Risk Analysis
Snowflake Analysis
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
Stable Share Price: ISV has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.3%
ISV
1.9%
CA Real Estate
0.6%
CA Market
1 Year Return
0.2%
ISV
23.9%
CA Real Estate
5.8%
CA Market
Return vs Industry: ISV underperformed the Canadian Real Estate industry which returned 23.9% over the past year.
Return vs Market: ISV underperformed the Canadian Market which returned 5.8% over the past year.
Shareholder returns
| ISV | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.3% | 1.9% | 0.6% |
| 30 Day | 12.3% | 5.6% | 0.5% |
| 90 Day | 2.2% | 11.8% | 3.6% |
| 1 Year | 5.3%0.2% | 25.8%23.9% | 9.1%5.8% |
| 3 Year | -2.7%-15.6% | 55.0%46.1% | 15.4%5.0% |
| 5 Year | 24.5%-2.4% | 92.1%51.2% | 33.6%14.0% |
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
1 day ago | Simply Wall St
Is Now An Opportune Moment To Examine Information Services Corporation (TSE:ISV)?1 week ago | Simply Wall St
Is There An Opportunity With Information Services Corporation's (TSE:ISV) 26% Undervaluation?3 weeks ago | Simply Wall St
Should You Be Tempted To Sell Information Services Corporation (TSE:ISV) Because Of Its P/E Ratio?Valuation
Is Information Services undervalued compared to its fair value and its price relative to the market?
25.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ISV (CA$16.5) is trading below our estimate of fair value (CA$22.26)
Significantly Below Fair Value: ISV is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ISV is poor value based on its PE Ratio (18.9x) compared to the Real Estate industry average (13.7x).
PE vs Market: ISV is poor value based on its PE Ratio (18.9x) compared to the Canadian market (15.9x).
Price to Earnings Growth Ratio
PEG Ratio: ISV is poor value based on its PEG Ratio (29.6x)
Price to Book Ratio
PB vs Industry: ISV is overvalued based on its PB Ratio (2.6x) compared to the CA Real Estate industry average (0.8x).
Next Steps
Future Growth
How is Information Services forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
0.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ISV's forecast earnings growth (0.6% per year) is below the savings rate (1.4%).
Earnings vs Market: ISV's earnings (0.6% per year) are forecast to grow slower than the Canadian market (10.4% per year).
High Growth Earnings: ISV's earnings are forecast to grow, but not significantly.
Revenue vs Market: ISV's revenue (3.6% per year) is forecast to grow slower than the Canadian market (4.9% per year).
High Growth Revenue: ISV's revenue (3.6% 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 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?
6.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ISV has high quality earnings.
Growing Profit Margin: ISV's current net profit margins (12.1%) are lower than last year (30.7%).
Past Earnings Growth Analysis
Earnings Trend: ISV's earnings have grown by 6.5% 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 (-55.5%) over the past year, making it difficult to compare to the Real Estate industry average (-22.9%).
Return on Equity
High ROE: ISV's Return on Equity (13.8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Information Services's financial position?
Financial Position Analysis
Short Term Liabilities: ISV's short term assets (CA$36.6M) exceed its short term liabilities (CA$23.7M).
Long Term Liabilities: ISV's short term assets (CA$36.6M) exceed its long term liabilities (CA$33.1M).
Debt to Equity History and Analysis
Debt Level: ISV's debt to equity ratio (16.8%) is considered satisfactory.
Reducing Debt: ISV's debt to equity ratio has increased from 11.7% to 16.8% over the past 5 years.
Debt Coverage: ISV's debt is well covered by operating cash flow (109.6%).
Interest Coverage: ISV's interest payments on its debt are well covered by EBIT (35.4x coverage).
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 2x debt).
Next Steps
Dividend
What is Information Services's current dividend yield, its reliability and sustainability?
4.85%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: ISV's dividend (4.85%) is higher than the bottom 25% of dividend payers in the Canadian market (1.91%).
High Dividend: ISV's dividend (4.85%) is low compared to the top 25% of dividend payers in the Canadian market (5.32%).
Stability and Growth of Payments
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 7 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (91.8%), ISV'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?
2.3yrs
Average management tenure
CEO
Jeff Stusek 0
11.6yrs
Tenure
CA$876,387
Compensation
Mr. Jeff Stusek, MBA, B.Admin has been the Chief Executive Officer and President at Information Services Corporation since July 1, 2008. Mr. Stusek served as Chief Operating Officer at Information Services ...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD661.32K) is about average for companies of similar size in the Canadian market ($USD680.27K).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 11.6yrs | CA$876.39k | 0.029% CA$84.1k | |
| Executive VP & CFO | 8.1yrs | CA$445.86k | 0.020% CA$57.8k | |
| Executive Vice President of Technology Solutions | 2.3yrs | CA$442.00k | no data | |
| Vice President of Marketing & Business Development | 2.3yrs | CA$454.06k | no data | |
| 1.3yrs | CA$469.90k | no data | ||
| Director of Investor Relations & Capital Markets | 6.3yrs | no data | 0.0074% CA$21.5k | |
| Executive VP | 9.1yrs | CA$395.79k | 0.057% CA$165.0k | |
| Vice President of People & Culture | 2.3yrs | no data | no data | |
| Executive Vice President of Registry Operations | 0yrs | CA$384.34k | 0.011% CA$30.5k | |
| President & COO of ESC Corporate Services | 1.3yrs | no data | no data |
2.3yrs
Average Tenure
Experienced Management: ISV's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 3.8yrs | CA$71.00k | 0.014% CA$41.3k | |
| Independent Director | 3.8yrs | CA$69.50k | no data | |
| Independent Director | 1.8yrs | CA$51.86k | no data | |
| Independent Chairman of the Board | 7.1yrs | CA$113.00k | 0.017% CA$49.5k | |
| Independent Director | 7.1yrs | CA$70.00k | 0.017% CA$48.7k | |
| Independent Director | 7.1yrs | CA$79.00k | 0.043% CA$123.8k | |
| Independent Director | 11.1yrs | CA$69.80k | no data | |
| Independent Director | 10.1yrs | CA$71.00k | 0.059% CA$169.7k | |
| Independent Director | 7.1yrs | CA$70.00k | 0.013% CA$38.0k | |
| Independent Director | 1.8yrs | CA$54.86k | no data |
7.1yrs
Average Tenure
61yo
Average Age
Experienced Board: ISV's board of directors are considered experienced (7.1 years average tenure).
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: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$288.750m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ISV | TSX (The Toronto Stock Exchange) | Yes | Class A Shares | CA | CAD | Jul 2013 |
| IRMT.F | OTCPK (Pink Sheets LLC) | Yes | Class A Shares | US | USD | Jul 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 segments: Registries, Services, and Technology Solutions. The company provides land titles registry services that issues titles to land and registers transactions affecting titles, including changes of ownership and the registration of interests in land; land surveys directory that plans and creates a representation of Saskatchewan land parcels in the cadastral parcel mapping system; and geomatics services that manages geographic data in relation to the cadastral parcel mapping system. It also offers personal property registry, a notice-based public registry to search and register interests against personal property; and corporate registry, which is a province-wide system for registering business corporations, non-profit corporations, co-operatives, sole proprietorships, partnerships, and business names. In addition, the company provides search and registration services through online customer channel for the Ontario business information system; know-your-customer services; and corporate supplies for companies to organize and maintain corporate legal documents. Information Services Corporation serves law firms, financial institutions, and corporations, as well as lending, leasing, and credit issuing businesses and institutions. The company was formerly known as Saskatchewan Land Information Services Corporation and changed its name to Information Services Corporation in November 2000. Information Services Corporation was founded in 2000 and is headquartered in Regina, Canada.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/17 01:11 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.