TSXV:CTZ

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

NamSys Inc. provides software solutions for currency management and processing for the banking and merchant industries principally in North America. More Details


Snowflake Analysis

Flawless balance sheet and good value.

Share Price & News

How has NamSys's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CTZ is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: CTZ's weekly volatility (11%) has been stable over the past year.


Market Performance


7 Day Return

1.9%

CTZ

6.2%

CA Software

0.7%

CA Market


1 Year Return

-4.5%

CTZ

46.9%

CA Software

2.1%

CA Market

Return vs Industry: CTZ underperformed the Canadian Software industry which returned 45.9% over the past year.

Return vs Market: CTZ underperformed the Canadian Market which returned 2% over the past year.


Shareholder returns

CTZIndustryMarket
7 Day1.9%6.2%0.7%
30 Day21.6%8.9%4.6%
90 Day16.3%30.9%13.5%
1 Year-4.5%-4.5%47.5%46.9%5.8%2.1%
3 Year62.1%62.1%76.1%72.4%13.9%3.1%
5 Year311.5%311.5%182.3%173.3%67.3%41.6%

Long-Term Price Volatility Vs. Market

How volatile is NamSys's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is NamSys undervalued compared to its fair value and its price relative to the market?

33.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CTZ (CA$1.07) is trading below our estimate of fair value (CA$1.6)

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


Price To Earnings Ratio

PE vs Industry: CTZ is good value based on its PE Ratio (27.1x) compared to the CA Software industry average (52.2x).

PE vs Market: CTZ is poor value based on its PE Ratio (27.1x) compared to the Canadian market (16.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CTZ's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CTZ is good value based on its PB Ratio (5.5x) compared to the CA Software industry average (7.8x).


Next Steps

Future Growth

How is NamSys forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.0%

Forecasted Software industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as NamSys has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has NamSys performed over the past 5 years?

6.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CTZ has high quality earnings.

Growing Profit Margin: CTZ's current net profit margins (23.3%) are lower than last year (34.2%).


Past Earnings Growth Analysis

Earnings Trend: CTZ's earnings have grown by 6.7% per year over the past 5 years.

Accelerating Growth: CTZ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CTZ had negative earnings growth (-18.5%) over the past year, making it difficult to compare to the Software industry average (31.8%).


Return on Equity

High ROE: CTZ's Return on Equity (20.3%) is considered high.


Next Steps

Financial Health

How is NamSys's financial position?


Financial Position Analysis

Short Term Liabilities: CTZ's short term assets (CA$6.8M) exceed its short term liabilities (CA$1.1M).

Long Term Liabilities: CTZ's short term assets (CA$6.8M) exceed its long term liabilities (CA$687.6K).


Debt to Equity History and Analysis

Debt Level: CTZ is debt free.

Reducing Debt: CTZ had no debt 5 years ago.

Debt Coverage: CTZ has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CTZ has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CTZ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CTZ's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CTZ's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CTZ's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CTZ's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

12.8yrs

Average board tenure


CEO

Kenneth Sparks

no data

Tenure

CA$60,872

Compensation

Mr. Kenneth Barry Sparks, B.Comm., F.I.C.B., serves as Vice Chairman of the Board at Metalo Manufacturing Inc. since December 3, 2019. He serves as Chief Executive Officer at NamSys Inc. (formerly, Cencote...


CEO Compensation Analysis

Compensation vs Market: Kenneth's total compensation ($USD48.15K) is below average for companies of similar size in the Canadian market ($USD153.63K).

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


Board Members

NamePositionTenureCompensationOwnership
Kenneth Sparks
CEO & Directorno dataCA$60.87k37.5%
CA$ 11.2m
Jason Siemens
President3.75yrsCA$445.59k0.82%
CA$ 244.2k
Leslie Gord
Corporate Secretary & Independent Director21.75yrsCA$15.00k0.055%
CA$ 16.3k
Eric Stait-Gardner
Independent Chairman of the Boardno dataCA$17.60k0.22%
CA$ 66.5k
G. Johnson
Independent Director23.92yrsCA$16.40k0.73%
CA$ 218.0k
H. Prodan
Independent Director3.75yrsCA$16.40kno data
Nicole Sparks
Independent Non-Executive Director2.75yrsCA$12.40kno data

12.8yrs

Average Tenure

Experienced Board: CTZ's board of directors are seasoned and experienced ( 12.8 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

NamSys Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: NamSys Inc.
  • Ticker: CTZ
  • Exchange: TSXV
  • Founded: 1997
  • Industry: Application Software
  • Sector: Software
  • Market Cap: CA$29.742m
  • Shares outstanding: 27.29m
  • Website: https://www.namsys.com

Location

  • NamSys Inc.
  • 141 Adelaide Street West
  • Suite 1400
  • Toronto
  • Ontario
  • M5H 3L5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CTZTSXV (TSX Venture Exchange)YesCommon SharesCACADJul 1997
NMYS.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJul 1997

Biography

NamSys Inc. provides software solutions for currency management and processing for the banking and merchant industries principally in North America. The company offers Cirreon software-as-a-service platfor...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/20 23:33
End of Day Share Price2021/01/20 00:00
Earnings2020/07/31
Annual Earnings2019/10/31


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.