CTS Stock Overview
Provides software-enabled IT and cloud solutions in the United States and Canada. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 2/6 |
My Notes
Capture your thoughts, links and company narrative
Converge Technology Solutions Corp. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$3.17 |
| 52 Week High | CA$6.06 |
| 52 Week Low | CA$2.90 |
| Beta | 1.79 |
| 1 Month Change | -7.31% |
| 3 Month Change | -27.63% |
| 1 Year Change | -22.49% |
| 3 Year Change | -70.57% |
| 5 Year Change | 131.39% |
| Change since IPO | 244.57% |
Recent News & Updates
Converge Technology Solutions (TSE:CTS) Has Announced A Dividend Of CA$0.015
Dec 02
Some Converge Technology Solutions Corp. (TSE:CTS) Shareholders Look For Exit As Shares Take 25% Pounding
Nov 16Converge Technology Solutions' (TSE:CTS) Dividend Will Be CA$0.015
Nov 15Recent updates
Converge Technology Solutions (TSE:CTS) Has Announced A Dividend Of CA$0.015
Dec 02Some Converge Technology Solutions Corp. (TSE:CTS) Shareholders Look For Exit As Shares Take 25% Pounding
Nov 16Converge Technology Solutions' (TSE:CTS) Dividend Will Be CA$0.015
Nov 15Is Converge Technology Solutions (TSE:CTS) Using Too Much Debt?
Sep 04Pinning Down Converge Technology Solutions Corp.'s (TSE:CTS) P/S Is Difficult Right Now
Jun 21We Think Converge Technology Solutions (TSE:CTS) Is Taking Some Risk With Its Debt
May 23Is Converge Technology Solutions Corp. (TSE:CTS) Trading At A 49% Discount?
May 02Capital Allocation Trends At Converge Technology Solutions (TSE:CTS) Aren't Ideal
Apr 11Converge Technology Solutions Corp. (TSE:CTS) Held Back By Insufficient Growth Even After Shares Climb 28%
Mar 16Converge Technology Solutions Corp.'s (TSE:CTS) Share Price Is Matching Sentiment Around Its Revenues
Jan 31Is Converge Technology Solutions (TSE:CTS) Using Too Much Debt?
Nov 08Some Investors May Be Worried About Converge Technology Solutions' (TSE:CTS) Returns On Capital
Oct 18Should You Investigate Converge Technology Solutions Corp. (TSE:CTS) At CA$2.59?
Aug 11Here's What's Concerning About Converge Technology Solutions' (TSE:CTS) Returns On Capital
May 31Is There Now An Opportunity In Converge Technology Solutions Corp. (TSE:CTS)?
May 11We Like These Underlying Return On Capital Trends At Converge Technology Solutions (TSE:CTS)
Feb 11Should You Be Adding Converge Technology Solutions (TSE:CTS) To Your Watchlist Today?
Jan 20Is Now The Time To Look At Buying Converge Technology Solutions Corp. (TSE:CTS)?
Jan 04Converge Technology Solutions (TSE:CTS) Has A Pretty Healthy Balance Sheet
Nov 29Converge Technology Solutions (TSE:CTS) Is Looking To Continue Growing Its Returns On Capital
Oct 04We Ran A Stock Scan For Earnings Growth And Converge Technology Solutions (TSE:CTS) Passed With Ease
Sep 16Converge Technology Solutions (TSE:CTS) Has A Pretty Healthy Balance Sheet
Aug 29Converge Technology Solutions Corp.'s (TSE:CTS) 32% Jump Shows Its Popularity With Investors
Aug 11Shareholder Returns
| CTS | CA IT | CA Market | |
|---|---|---|---|
| 7D | -6.5% | 0.03% | -2.0% |
| 1Y | -22.5% | 10.2% | 15.2% |
Return vs Industry: CTS underperformed the Canadian IT industry which returned 10.2% over the past year.
Return vs Market: CTS underperformed the Canadian Market which returned 15.2% over the past year.
Price Volatility
| CTS volatility | |
|---|---|
| CTS Average Weekly Movement | 9.0% |
| IT Industry Average Movement | 8.6% |
| Market Average Movement | 8.2% |
| 10% most volatile stocks in CA Market | 17.4% |
| 10% least volatile stocks in CA Market | 2.9% |
Stable Share Price: CTS has not had significant price volatility in the past 3 months compared to the Canadian market.
Volatility Over Time: CTS's weekly volatility (9%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2016 | 2,700 | Greg Berard | www.convergetp.com |
Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions in the United States and Canada. Its solutions approach delivers advanced analytics, artificial intelligence, application modernization, cloud, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. The company also offers managed and talent services, and hardware and software products and solutions.
Converge Technology Solutions Corp. Fundamentals Summary
| CTS fundamental statistics | |
|---|---|
| Market cap | CA$631.33m |
| Earnings (TTM) | -CA$162.68m |
| Revenue (TTM) | CA$2.56b |
0.2x
P/S Ratio-3.8x
P/E RatioIs CTS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CTS income statement (TTM) | |
|---|---|
| Revenue | CA$2.56b |
| Cost of Revenue | CA$1.87b |
| Gross Profit | CA$694.34m |
| Other Expenses | CA$857.02m |
| Earnings | -CA$162.68m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.84 |
| Gross Margin | 27.10% |
| Net Profit Margin | -6.35% |
| Debt/Equity Ratio | 85.8% |
How did CTS perform over the long term?
See historical performance and comparisonDividends
1.9%
Current Dividend Yield-6%
Payout RatioDoes CTS pay a reliable dividends?
See CTS dividend history and benchmarks| Converge Technology Solutions dividend dates | |
|---|---|
| Ex Dividend Date | Dec 10 2024 |
| Dividend Pay Date | Dec 27 2024 |
| Days until Ex dividend | 14 days |
| Days until Dividend pay date | 3 days |
Does CTS pay a reliable dividends?
See CTS dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 00:06 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Converge Technology Solutions Corp. is covered by 19 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Benjamin May | Berenberg |
| Deepak Kaushal | BMO Capital Markets Equity Research |
| Robert Young | Canaccord Genuity |