ICEsoft Technologies Canada Valuation

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

ISFT (CA$0.03) is trading below our estimate of [[fair value]] (CA$0.1)

Is ISFT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: ISFT (CA$0.03) is trading below our estimate of fair value (CA$0.1)

Significantly Below Fair Value: ISFT is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ISFT?

Key metric: As ISFT is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for ISFT. This is calculated by dividing ISFT's market cap by their current revenue.
What is ISFT's PS Ratio?
PS Ratio	1.9x
Sales	CA$1.82m
Market Cap	CA$3.36m

ISFT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2.4x
Enterprise Value/EBITDA	53x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for ISFT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	1.5x
GOK GINSMS	1x	n/a	CA$2.8m
VSBY VSBLTY Groupe Technologies	1.7x	n/a	CA$4.2m
NPA.H Alphinat	2.7x	n/a	CA$4.1m
HANK Hank Payments	0.8x	n/a	CA$6.6m
ISFT ICEsoft Technologies Canada	1.9x	n/a	CA$3.4m

Price-To-Sales vs Peers: ISFT is expensive based on its Price-To-Sales Ratio (1.9x) compared to the peer average (1.6x).

Price to Sales Ratio vs Industry

How does ISFT's PS Ratio compare vs other companies in the CA Software Industry?

27 Companies	Price / Sales	Estimated Growth	Market Cap
QUIS Quisitive Technology Solutions	0.6x	6.2%	US$69.47m
BTCW Bitcoin Well	0.6x	n/a	US$28.86m
PLUR Plurilock Security	0.4x	n/a	US$18.45m
NOW NowVertical Group	0.5x	5.3%	US$17.79m

27 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: ISFT is good value based on its Price-To-Sales Ratio (1.9x) compared to the Canadian Software industry average (3.6x).

Price to Sales Ratio vs Fair Ratio

What is ISFT'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.

ISFT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.9x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate ISFT's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

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