TSXV:CTZ

Stock Analysis Report

Executive Summary

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


Snowflake Analysis

Flawless balance sheet with solid track record.

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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-8.7%

CTZ

-2.9%

CA Software

0.1%

CA Market


1 Year Return

52.2%

CTZ

16.5%

CA Software

4.7%

CA Market

Return vs Industry: CTZ exceeded the Canadian Software industry which returned 16.5% over the past year.

Return vs Market: CTZ exceeded the Canadian Market which returned 4.7% over the past year.


Shareholder returns

CTZIndustryMarket
7 Day-8.7%-2.9%0.1%
30 Day-7.9%-0.06%0.8%
90 Day38.2%5.6%3.7%
1 Year52.2%52.2%18.6%16.5%7.9%4.7%
3 Year40.0%40.0%88.4%83.8%17.9%7.3%
5 Year1135.3%1135.3%129.8%122.4%33.8%14.4%

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?

4.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CTZ (CA$1.05) is trading below our estimate of fair value (CA$1.1)

Significantly Below Fair Value: CTZ is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: CTZ is good value based on its PE Ratio (22.1x) compared to the Software industry average (24.4x).

PE vs Market: CTZ is poor value based on its PE Ratio (22.1x) compared to the Canadian market (16.2x).


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 overvalued based on its PB Ratio (6.4x) compared to the CA Software industry average (3.1x).


Next Steps

Future Growth

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

18.3%

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?

2.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CTZ has high quality earnings.

Growing Profit Margin: CTZ's current net profit margins (31.5%) are lower than last year (35.4%).


Past Earnings Growth Analysis

Earnings Trend: CTZ's earnings have grown by 2.7% per year over the past 5 years.

Accelerating Growth: CTZ's earnings growth over the past year (13.2%) exceeds its 5-year average (2.7% per year).

Earnings vs Industry: CTZ earnings growth over the past year (13.2%) exceeded the Software industry 12.3%.


Return on Equity

High ROE: CTZ's Return on Equity (29%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is NamSys's financial position?


Financial Position Analysis

Short Term Liabilities: CTZ's short term assets (CA$5.5M) exceed its short term liabilities (CA$914.7K).

Long Term Liabilities: CTZ's short term assets (CA$5.5M) exceed its long term liabilities (CA$163.7K).


Debt to Equity History and Analysis

Debt Level: CTZ is debt free.

Reducing Debt: CTZ has no debt compared to 5 years ago when its debt to equity ratio was 32.4%.

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

Inventory Level: CTZ has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if CTZ's debt is covered by short term assets.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.4%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

21.9yrs

Average board tenure


CEO

Kenneth Sparks 0

CA$60,845

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 ($USD46.05K) is below average for companies of similar size in the Canadian market ($USD154.65K).

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


Board Members

NamePositionTenureCompensationOwnership
Kenneth Sparks
CEO & Director0yrsCA$60.85k37.5% CA$10.7m
Jason Siemens
President2.8yrsCA$252.87k0.82% CA$235.2k
Leslie Gord
Corporate Secretary & Director20.8yrsCA$15.80k0.055% CA$15.7k
Derek Hedley Buntain
Independent Non-Executive Director23yrsCA$10.00kno data
Eric Stait-Gardner
Independent Chairman of the Board0yrsCA$17.60k0.22% CA$64.1k
G. Johnson
Independent Director23yrsCA$16.40k0.73% CA$210.0k
Nicole Sparks
Independent Non-Executive Director1.8yrsCA$7.40kno data

21.9yrs

Average Tenure

Experienced Board: CTZ's board of directors are seasoned and experienced ( 21.9 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.


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$28.651m
  • 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 platform, which helps banks and armored carriers for smart safe and daily credit offerings; cash-in-transit logistics that provides barcode track-and-trace, routing, and real-time fleet services using the Cirreon SaaS platform; and Currency Controller, a cash vault management and logistics system that manages various aspects of cash processing for banks and cash-in-transit providers. It serves financial institutions, armored carriers, retailers, and public transit authorities. The company was formerly known as Cencotech Inc. and changed its name to NamSys Inc. in November 2016. NamSys Inc. was founded in 1997 and is headquartered in Toronto, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 00:45
End of Day Share Price2020/02/21 00:00
Earnings2019/10/31
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.