TSX:ISV

Stock Analysis Report

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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. More Details


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

0.05%

ISV

-1.1%

CA Real Estate

-0.9%

CA Market


1 Year Return

15.0%

ISV

8.6%

CA Real Estate

-4.2%

CA Market

Return vs Industry: ISV exceeded the Canadian Real Estate industry which returned 8.6% over the past year.

Return vs Market: ISV exceeded the Canadian Market which returned -4.2% over the past year.


Shareholder returns

ISVIndustryMarket
7 Day0.05%-1.1%-0.9%
30 Day2.6%4.1%1.2%
90 Day13.8%11.1%1.4%
1 Year21.2%15.0%9.7%8.6%-0.7%-4.2%
3 Year22.1%5.3%36.7%32.0%6.6%-3.8%
5 Year63.7%28.3%80.0%68.9%34.2%13.5%

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 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: ISV (CA$18.66) is trading below our estimate of fair value (CA$39.26)

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 (17.6x) compared to the CA Real Estate industry average (15x).

PE vs Market: ISV is poor value based on its PE Ratio (17.6x) compared to the Canadian market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: ISV is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: ISV is overvalued based on its PB Ratio (2.8x) compared to the CA Real Estate industry average (0.7x).


Next Steps

Future Growth

How is Information Services forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

13.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ISV's forecast earnings growth (13.6% per year) is above the savings rate (1.7%).

Earnings vs Market: ISV's earnings (13.6% per year) are forecast to grow slower than the Canadian market (21.1% per year).

High Growth Earnings: ISV's earnings are forecast to grow, but not significantly.

Revenue vs Market: ISV's revenue (7.2% per year) is forecast to grow faster than the Canadian market (5.8% per year).

High Growth Revenue: ISV's revenue (7.2% 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?

5.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ISV has high quality earnings.

Growing Profit Margin: ISV's current net profit margins (14.2%) are lower than last year (15.9%).


Past Earnings Growth Analysis

Earnings Trend: ISV's earnings have grown by 5.6% 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 (-5.5%) over the past year, making it difficult to compare to the Real Estate industry average (-21.6%).


Return on Equity

High ROE: ISV's Return on Equity (16%) is considered low.


Next Steps

Financial Health

How is Information Services's financial position?


Financial Position Analysis

Short Term Liabilities: ISV's short term assets (CA$45.0M) exceed its short term liabilities (CA$22.5M).

Long Term Liabilities: ISV's short term assets (CA$45.0M) exceed its long term liabilities (CA$30.1M).


Debt to Equity History and Analysis

Debt Level: ISV's debt to equity ratio (14.7%) is considered satisfactory.

Reducing Debt: ISV's debt to equity ratio has increased from 11.7% to 14.7% over the past 5 years.

Debt Coverage: ISV's debt is well covered by operating cash flow (148.9%).

Interest Coverage: ISV's interest payments on its debt are well covered by EBIT (23.6x coverage).


Balance Sheet


Next Steps

Dividend

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

4.29%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ISV's dividend (4.29%) is higher than the bottom 25% of dividend payers in the Canadian market (1.69%).

High Dividend: ISV's dividend (4.29%) is low compared to the top 25% of dividend payers in the Canadian market (5.78%).


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: At its current payout ratio (75.3%), ISV's 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

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

3.0yrs

Average management tenure


CEO

Jeff Stusek

12.25yrs

Tenure

CA$992,082

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 ($USD755.88K) is about average for companies of similar size in the Canadian market ($USD624.31K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jeff Stusek
President & CEO12.25yrsCA$992.08k0.029%
CA$ 95.2k
Shawn Peters
Executive VP & CFO8.75yrsCA$489.37k0.020%
CA$ 65.3k
Loren Cisyk
Executive Vice President of Technology Solutions3yrsCA$444.60kno data
Kathy Hillman-Weir
Executive VP9.75yrsCA$432.50k0.057%
CA$ 186.6k
Clare Colledge
President of ESC Corporate Services Ltd.1.92yrsCA$436.54kno data
Jonathan Hackshaw
Director of Investor Relations & Capital Markets6.92yrsno data0.0086%
CA$ 28.0k
Dennis White
Vice President of Marketing & Business Development3yrsCA$454.06kno data
Catherine McLean
Vice President of People & Culture3yrsno datano data
Kenneth Budzak
Executive Vice President of Registry Operationsno dataCA$384.34k0.011%
CA$ 34.5k
Chris Valentine
1.92yrsCA$469.90kno data

3.0yrs

Average Tenure

Experienced Management: ISV's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Karyn Brooks
Independent Director4.42yrsCA$79.77k0.014%
CA$ 46.7k
Iraj Pourian
Independent Director4.42yrsCA$77.65kno data
Laurie Powers
Independent Director2.42yrsCA$72.65kno data
Joel Teal
Independent Chairman of the Board7.75yrsCA$121.65k0.017%
CA$ 56.0k
Douglas Emsley
Independent Director7.75yrsCA$78.40k0.017%
CA$ 55.1k
Anthony Guglielmin
Independent Director7.75yrsCA$89.40k0.057%
CA$ 186.6k
Thomas Christiansen
Independent Director11.75yrsCA$75.15kno data
William Musgrave
Independent Director10.75yrsCA$79.77k0.059%
CA$ 191.9k
Dion Tchorzewski
Independent Director7.75yrsCA$78.40k0.013%
CA$ 43.0k
Heather Ross
Independent Director2.42yrsCA$76.65kno data

7.8yrs

Average Tenure

62yo

Average Age

Experienced Board: ISV's board of directors are considered experienced (7.8 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.


Recent Insider Transactions

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$326.550m
  • Shares outstanding: 17.50m
  • Website: https://www.company.isc.ca

Number of Employees


Location

  • Information Services Corporation
  • 10 Research Drive
  • Suite 300
  • 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 Analysis2020/10/21 00:47
End of Day Share Price2020/10/20 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.