Enghouse Systems Future Growth
Future criteria checks 1/6
Enghouse Systems is forecast to grow earnings and revenue by 7.9% and 4.3% per annum respectively. EPS is expected to grow by 7.7% per annum. Return on equity is forecast to be 14% in 3 years.
Key information
7.9%
Earnings growth rate
7.69%
EPS growth rate
| Software earnings growth | 21.8% |
| Revenue growth rate | 4.3% |
| Future return on equity | 13.95% |
| Analyst coverage | Low |
| Last updated | 25 Apr 2026 |
Recent future growth updates
Recent updates
Narrative Update • May 05
ENGH: Shareholder Returns And Cautious Outlook Will Shape Future Trading Range
Narrative Update Analysts have trimmed their targets on Enghouse Systems to a CA$17 to CA$20 range, down from CA$22 to CA$24 previously. This reflects more cautious views that leave the updated fair value estimate broadly unchanged.Narrative Update • Apr 18
ENGH: Share Repurchases And Dividend Increase Will Support Tempered Outlook
Enghouse Systems' refreshed narrative reflects a modest recalibration in analyst expectations after recent price target cuts to CA$17, CA$18.50, and CA$20 from prior levels of CA$22 and CA$24, with updated assumptions showing only slight adjustments to the discount rate, revenue growth, profit margin, and future P/E inputs. Analyst Commentary Recent research commentary around Enghouse Systems centers on recalibrated price targets clustered between CA$17 and CA$20, paired with mid range rating language such as Hold, Sector Perform, and Neutral.Narrative Update • Apr 03
ENGH: Share Repurchases And Dividend Policy Will Balance Softer Outlook
Enghouse Systems' updated analyst price target edges down by CA$0.25 to reflect slightly softer revenue growth assumptions. This is partly offset by a modestly higher profit margin outlook and a small adjustment to the discount rate and future P/E expectations, in line with recent target cuts from CA$17 to CA$20 across several firms.Narrative Update • Mar 20
ENGH: Share Repurchases And Dividend Policy Will Support Future Upside Potential
Enghouse Systems' updated Analyst Price Target has shifted from CA$21.25 to CA$18.13 as analysts factor in lower fair value estimates, along with more cautious assumptions for revenue growth, profit margins and future P/E multiples, as reflected in recent Street target cuts to CA$17, CA$18.50 and CA$20. Analyst Commentary Recent Street commentary on Enghouse Systems centers on lower price targets in a relatively tight range of CA$17 to CA$20, with ratings clustered around Hold, Neutral and Sector Perform.Narrative Update • Mar 04
ENGH: Acquisition And Share Repurchase Focus Will Support Future Upside Potential
Analysts have kept their CA$21.25 price target for Enghouse Systems unchanged, citing largely stable inputs such as the discount rate, revenue growth, profit margin, and forward P/E assumptions in their updated models. What's in the News Enghouse Systems intends to pursue acquisitions, with the CEO indicating there are substantial opportunities that the company believes can provide a return on its investment (Key Developments).
New Narrative • Feb 23
AI And Mobility Platforms Will Reshape Future Earnings Power For This Undervalued Software Vendor
Catalysts About Enghouse Systems Enghouse Systems supplies software and services for contact centers, telecom networks and public transportation, with a strong focus on recurring revenue and profitability. What are the underlying business or industry changes driving this perspective?Narrative Update • Feb 18
ENGH: Acquisition Pipeline And Share Buybacks Will Support Future Upside Potential
Analysts have modestly reduced their price target for Enghouse Systems from CA$21.75 to CA$21.25, reflecting updated assumptions around discount rates and P/E expectations, while keeping revenue growth and profit margin forecasts broadly in line with prior views. What's in the News Management is actively looking for acquisitions, with the CEO highlighting what he describes as substantial opportunities and an intention to expand the acquisition team to support higher capital deployment toward deals.
New Narrative • Feb 08
AI Monetization And M&A Constraints Will Shape A Cautious Long Term Outlook
Catalysts About Enghouse Systems Enghouse Systems provides software and services across contact centers, networks and transportation, with a focus on recurring SaaS and maintenance revenue. What are the underlying business or industry changes driving this perspective?Narrative Update • Feb 03
ENGH: Acquisition-Focused Capital Deployment And Buybacks Will Drive Future Upside Potential
Analysts have nudged their price target for Enghouse Systems slightly lower from $22.00 to $21.75, reflecting modest adjustments to fair value and assumed future P/E, while keeping revenue growth and profit margin expectations broadly in line. What's in the News Management plans to pursue acquisitions, with the CEO highlighting what he describes as substantial opportunities that he believes can provide a return on invested capital (Key Developments).Narrative Update • Jan 20
ENGH: Acquisition Pipeline And Buybacks Will Support Future Upside Potential
Analysts have kept their price target for Enghouse Systems broadly steady at about $22.00 per share, citing only minor tweaks to inputs such as discount rate, revenue growth, profit margin, and expected future P/E in their valuation work. What's in the News Management plans to pursue acquisitions, with the CEO indicating that the company sees acquisition opportunities that it expects to provide a return on invested capital, and is looking to expand its acquisition team to support this focus (company comments).Narrative Update • Jan 05
ENGH: Acquisition Focus And Buybacks Will Support Fairly Valued Outlook
Analysts have trimmed their fair value estimate for Enghouse Systems to $22.00 from $22.25, reflecting small updates to discount rate assumptions, revenue growth expectations, profit margin estimates and the future P/E they apply to the shares. What's in the News Management plans to pursue acquisitions, citing what they describe as substantial opportunities that they believe can provide a return on invested capital.Narrative Update • Dec 16
ENGH: Softer Revenue Outlook Will Be Offset By Improved Profit Margins
Analysts have modestly lowered their price target on Enghouse Systems from approximately $23.67 to $22.25. This reflects softer expected revenue growth, which is partially offset by slightly stronger profit margins and a marginally lower future valuation multiple.Narrative Update • Sep 08
Acquisitions Of Aculab And Margento Will Expand Services In High-Demand Sectors
Despite improved revenue growth forecasts, a substantial decline in Enghouse Systems' future P/E ratio suggests the market is assigning a lower valuation multiple, resulting in a reduced analyst price target from CA$25.17 to CA$23.67. What's in the News Enghouse Systems completed the integration of Trafi into its asset management group, strengthening its transportation portfolio and vertical SaaS strategy.Analysis Article • Sep 06
Earnings Miss: Enghouse Systems Limited Missed EPS By 16% And Analysts Are Revising Their Forecasts
The analysts might have been a bit too bullish on Enghouse Systems Limited ( TSE:ENGH ), given that the company fell...Analysis Article • Apr 14
Enghouse Systems (TSE:ENGH) Is Increasing Its Dividend To CA$0.30
Enghouse Systems Limited's ( TSE:ENGH ) dividend will be increasing from last year's payment of the same period to...Analysis Article • Mar 14
Enghouse Systems' (TSE:ENGH) Upcoming Dividend Will Be Larger Than Last Year's
The board of Enghouse Systems Limited ( TSE:ENGH ) has announced that it will be paying its dividend of CA$0.30 on the...
New Narrative • Feb 03
Transition To SaaS Will Increase Recurring Revenue Stability
Transition to SaaS and disciplined AI integration enhance revenue predictability and operational efficiencies, boosting net margins and earnings.Analysis Article • Dec 05
Is Enghouse Systems Limited (TSE:ENGH) Trading At A 48% Discount?
Key Insights Enghouse Systems' estimated fair value is CA$59.25 based on 2 Stage Free Cash Flow to Equity Enghouse...Analysis Article • Sep 22
Investors Met With Slowing Returns on Capital At Enghouse Systems (TSE:ENGH)
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...Analysis Article • Jun 22
Investors Can Find Comfort In Enghouse Systems' (TSE:ENGH) Earnings Quality
Enghouse Systems Limited's ( TSE:ENGH ) stock was strong despite it releasing a soft earnings report last week. We...Analysis Article • Apr 26
Enghouse Systems (TSE:ENGH) Is Increasing Its Dividend To CA$0.26
Enghouse Systems Limited ( TSE:ENGH ) has announced that it will be increasing its dividend from last year's comparable...Analysis Article • Mar 17
Enghouse Systems (TSE:ENGH) Is Paying Out A Larger Dividend Than Last Year
Enghouse Systems Limited ( TSE:ENGH ) will increase its dividend from last year's comparable payment on the 31st of May...Analysis Article • Jan 10
Enghouse Systems (TSE:ENGH) Will Be Hoping To Turn Its Returns On Capital Around
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...Analysis Article • Dec 22
Enghouse Systems' (TSE:ENGH) Soft Earnings Don't Show The Whole Picture
The market for Enghouse Systems Limited's ( TSE:ENGH ) shares didn't move much after it posted weak earnings recently...Analysis Article • Oct 10
Enghouse Systems (TSE:ENGH) May Have Issues Allocating Its Capital
To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 10/31/2028 | 560 | 87 | 131 | 134 | 2 |
| 10/31/2027 | 517 | 80 | 112 | 114 | 4 |
| 10/31/2026 | 491 | 76 | 99 | 102 | 4 |
| 1/31/2026 | 495 | 69 | 103 | 104 | N/A |
| 10/31/2025 | 499 | 74 | 103 | 105 | N/A |
| 7/31/2025 | 500 | 75 | 115 | 117 | N/A |
| 4/30/2025 | 505 | 79 | 128 | 130 | N/A |
| 1/31/2025 | 506 | 85 | 131 | 133 | N/A |
| 10/31/2024 | 503 | 81 | 130 | 132 | N/A |
| 7/31/2024 | 500 | 84 | 127 | 129 | N/A |
| 4/30/2024 | 480 | 81 | 126 | 127 | N/A |
| 1/31/2024 | 468 | 73 | 105 | 106 | N/A |
| 10/31/2023 | 454 | 72 | 114 | 115 | N/A |
| 7/31/2023 | 439 | 84 | 105 | 106 | N/A |
| 4/30/2023 | 430 | 85 | 95 | 96 | N/A |
| 1/31/2023 | 423 | 90 | 107 | 108 | N/A |
| 10/31/2022 | 428 | 94 | 102 | 103 | N/A |
| 7/31/2022 | 433 | 88 | 108 | 110 | N/A |
| 4/30/2022 | 448 | 91 | 112 | 114 | N/A |
| 1/31/2022 | 459 | 94 | 120 | 122 | N/A |
| 10/31/2021 | 467 | 93 | 115 | 118 | N/A |
| 7/31/2021 | 475 | 92 | 126 | 128 | N/A |
| 4/30/2021 | 489 | 97 | 148 | 150 | N/A |
| 1/31/2021 | 512 | 103 | 166 | 169 | N/A |
| 10/31/2020 | 504 | 99 | 166 | 168 | N/A |
| 7/31/2020 | 492 | 94 | 152 | 155 | N/A |
| 4/30/2020 | 462 | 83 | 110 | 113 | N/A |
| 1/31/2020 | 410 | 72 | 75 | 77 | N/A |
| 10/31/2019 | 386 | 71 | N/A | 81 | N/A |
| 7/31/2019 | 362 | 66 | N/A | 84 | N/A |
| 4/30/2019 | 348 | 67 | N/A | 99 | N/A |
| 1/31/2019 | 344 | 66 | N/A | 99 | N/A |
| 10/31/2018 | 343 | 58 | N/A | 98 | N/A |
| 7/31/2018 | 341 | 57 | N/A | 103 | N/A |
| 4/30/2018 | 337 | 52 | N/A | 99 | N/A |
| 1/31/2018 | 332 | 46 | N/A | 96 | N/A |
| 10/31/2017 | 325 | 51 | N/A | 83 | N/A |
| 7/31/2017 | 320 | 52 | N/A | 70 | N/A |
| 4/30/2017 | 313 | 51 | N/A | 61 | N/A |
| 1/31/2017 | 312 | 51 | N/A | 64 | N/A |
| 10/31/2016 | 308 | 47 | N/A | 60 | N/A |
| 7/31/2016 | 306 | 41 | N/A | 55 | N/A |
| 4/30/2016 | 301 | 38 | N/A | 48 | N/A |
| 1/31/2016 | 291 | 37 | N/A | 40 | N/A |
| 10/31/2015 | 279 | 31 | N/A | 50 | N/A |
| 7/31/2015 | 265 | 28 | N/A | 46 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ENGH's forecast earnings growth (7.9% per year) is above the savings rate (3%).
Earnings vs Market: ENGH's earnings (7.9% per year) are forecast to grow slower than the Canadian market (11% per year).
High Growth Earnings: ENGH's earnings are forecast to grow, but not significantly.
Revenue vs Market: ENGH's revenue (4.3% per year) is forecast to grow slower than the Canadian market (4.8% per year).
High Growth Revenue: ENGH's revenue (4.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ENGH's Return on Equity is forecast to be low in 3 years time (14%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/07 16:11 |
| End of Day Share Price | 2026/05/07 00:00 |
| Earnings | 2026/01/31 |
| Annual Earnings | 2025/10/31 |
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 |
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| 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.
Analysis Model and Snowflake
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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 Github.
Analyst Sources
Enghouse Systems Limited is covered by 9 analysts. 4 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 |
|---|---|
| Deepak Kaushal | BMO Capital Markets Equity Research |
| Stephanie Price | CIBC Capital Markets |
| Erin Kyle | CIBC Capital Markets |