Converge Technology Solutions Corp.

TSX:CTS Stock Report

Market Cap: CA$629.4m

Converge Technology Solutions Past Earnings Performance

Past criteria checks 0/6

Converge Technology Solutions's earnings have been declining at an average annual rate of -46.9%, while the IT industry saw earnings growing at 5.9% annually. Revenues have been growing at an average rate of 29.4% per year.

Key information

-46.9%

Earnings growth rate

-29.3%

EPS growth rate

IT Industry Growth-3.5%
Revenue growth rate29.4%
Return on equity-46.5%
Net Margin-6.3%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Converge Technology Solutions (TSE:CTS) Has Announced A Dividend Of CA$0.015

Dec 02
Converge Technology Solutions (TSE:CTS) Has Announced A Dividend Of CA$0.015

Some Converge Technology Solutions Corp. (TSE:CTS) Shareholders Look For Exit As Shares Take 25% Pounding

Nov 16
Some Converge Technology Solutions Corp. (TSE:CTS) Shareholders Look For Exit As Shares Take 25% Pounding

Converge Technology Solutions' (TSE:CTS) Dividend Will Be CA$0.015

Nov 15
Converge Technology Solutions' (TSE:CTS) Dividend Will Be CA$0.015

Is Converge Technology Solutions (TSE:CTS) Using Too Much Debt?

Sep 04
Is Converge Technology Solutions (TSE:CTS) Using Too Much Debt?

Pinning Down Converge Technology Solutions Corp.'s (TSE:CTS) P/S Is Difficult Right Now

Jun 21
Pinning Down Converge Technology Solutions Corp.'s (TSE:CTS) P/S Is Difficult Right Now

We Think Converge Technology Solutions (TSE:CTS) Is Taking Some Risk With Its Debt

May 23
We Think Converge Technology Solutions (TSE:CTS) Is Taking Some Risk With Its Debt

Is Converge Technology Solutions Corp. (TSE:CTS) Trading At A 49% Discount?

May 02
Is Converge Technology Solutions Corp. (TSE:CTS) Trading At A 49% Discount?

Capital Allocation Trends At Converge Technology Solutions (TSE:CTS) Aren't Ideal

Apr 11
Capital Allocation Trends At Converge Technology Solutions (TSE:CTS) Aren't Ideal

Converge Technology Solutions Corp. (TSE:CTS) Held Back By Insufficient Growth Even After Shares Climb 28%

Mar 16
Converge Technology Solutions Corp. (TSE:CTS) Held Back By Insufficient Growth Even After Shares Climb 28%

Converge Technology Solutions Corp.'s (TSE:CTS) Share Price Is Matching Sentiment Around Its Revenues

Jan 31
Converge Technology Solutions Corp.'s (TSE:CTS) Share Price Is Matching Sentiment Around Its Revenues

Is Converge Technology Solutions (TSE:CTS) Using Too Much Debt?

Nov 08
Is Converge Technology Solutions (TSE:CTS) Using Too Much Debt?

Some Investors May Be Worried About Converge Technology Solutions' (TSE:CTS) Returns On Capital

Oct 18
Some Investors May Be Worried About Converge Technology Solutions' (TSE:CTS) Returns On Capital

Should You Investigate Converge Technology Solutions Corp. (TSE:CTS) At CA$2.59?

Aug 11
Should You Investigate Converge Technology Solutions Corp. (TSE:CTS) At CA$2.59?

Here's What's Concerning About Converge Technology Solutions' (TSE:CTS) Returns On Capital

May 31
Here's What's Concerning About Converge Technology Solutions' (TSE:CTS) Returns On Capital

Is There Now An Opportunity In Converge Technology Solutions Corp. (TSE:CTS)?

May 11
Is There Now An Opportunity In Converge Technology Solutions Corp. (TSE:CTS)?

We Like These Underlying Return On Capital Trends At Converge Technology Solutions (TSE:CTS)

Feb 11
We Like These Underlying Return On Capital Trends At Converge Technology Solutions (TSE:CTS)

Should You Be Adding Converge Technology Solutions (TSE:CTS) To Your Watchlist Today?

Jan 20
Should You Be Adding Converge Technology Solutions (TSE:CTS) To Your Watchlist Today?

Is Now The Time To Look At Buying Converge Technology Solutions Corp. (TSE:CTS)?

Jan 04
Is Now The Time To Look At Buying Converge Technology Solutions Corp. (TSE:CTS)?

Converge Technology Solutions (TSE:CTS) Has A Pretty Healthy Balance Sheet

Nov 29
Converge Technology Solutions (TSE:CTS) Has A Pretty Healthy Balance Sheet

Converge Technology Solutions (TSE:CTS) Is Looking To Continue Growing Its Returns On Capital

Oct 04
Converge Technology Solutions (TSE:CTS) Is Looking To Continue Growing Its Returns On Capital

We Ran A Stock Scan For Earnings Growth And Converge Technology Solutions (TSE:CTS) Passed With Ease

Sep 16
We Ran A Stock Scan For Earnings Growth And Converge Technology Solutions (TSE:CTS) Passed With Ease

Converge Technology Solutions (TSE:CTS) Has A Pretty Healthy Balance Sheet

Aug 29
Converge Technology Solutions (TSE:CTS) Has A Pretty Healthy Balance Sheet

Converge Technology Solutions Corp.'s (TSE:CTS) 32% Jump Shows Its Popularity With Investors

Aug 11
Converge Technology Solutions Corp.'s (TSE:CTS) 32% Jump Shows Its Popularity With Investors

Revenue & Expenses Breakdown

How Converge Technology Solutions makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

TSX:CTS Revenue, expenses and earnings (CAD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 242,562-1635440
30 Jun 242,642-1615480
31 Mar 242,656-15490
31 Dec 232,705-15450
30 Sep 232,695-115340
30 Jun 232,499125110
31 Mar 232,349274700
31 Dec 222,165274190
30 Sep 221,831373740
30 Jun 221,683213290
31 Mar 221,514102890
31 Dec 211,330162570
30 Sep 211,312102240
30 Jun 211,13561950
31 Mar 211,01711820
31 Dec 20949-41780
30 Sep 20874-41710
30 Jun 20829-111620
31 Mar 20759-91490
31 Dec 19688-111340
30 Sep 19609-171160
30 Jun 19565-161080
31 Mar 19510-20940
31 Dec 18459-18760
30 Sep 18376-18610
30 Jun 18276-11400
31 Mar 18173-5230
31 Dec 1753-4110

Quality Earnings: CTS is currently unprofitable.

Growing Profit Margin: CTS is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: CTS is unprofitable, and losses have increased over the past 5 years at a rate of 46.9% per year.

Accelerating Growth: Unable to compare CTS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CTS is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (-2.6%).


Return on Equity

High ROE: CTS has a negative Return on Equity (-46.47%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/24 22:05
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

AnalystInstitution
Benjamin MayBerenberg
Deepak KaushalBMO Capital Markets Equity Research
Robert YoungCanaccord Genuity