Executive Summary
Prodigy Ventures Inc. provides technology services to financial institutions and other large enterprises in Canada. More Details
Risk Analysis
Snowflake Analysis
Flawless balance sheet and overvalued.
Similar Companies
Share Price & News
How has Prodigy Ventures's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PGV is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 15% a week.
Volatility Over Time: PGV's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of Canadian stocks.
Market Performance
7 Day Return
-10.5%
PGV
2.1%
CA IT
1.7%
CA Market
1 Year Return
-59.5%
PGV
-11.8%
CA IT
0.2%
CA Market
Return vs Industry: PGV underperformed the Canadian IT industry which returned -11.8% over the past year.
Return vs Market: PGV underperformed the Canadian Market which returned 0.2% over the past year.
Shareholder returns
| PGV | Industry | Market | |
|---|---|---|---|
| 7 Day | -10.5% | 2.1% | 1.7% |
| 30 Day | 6.3% | 7.8% | 7.0% |
| 90 Day | -10.5% | 2.7% | 5.1% |
| 1 Year | -58.9%-59.5% | -11.8%-11.8% | 3.9%0.2% |
| 3 Year | -40.2%-41.4% | 31.1%30.8% | 13.1%2.1% |
| 5 Year | 8.4%6.3% | 57.9%57.4% | 46.5%24.1% |
Long-Term Price Volatility Vs. Market
How volatile is Prodigy Ventures's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Prodigy Ventures Inc.'s (CVE:PGV) Stock Going Strong But Fundamentals Look Weak: What Implications Could This Have On The Stock?3 months ago | Simply Wall St
Unpleasant Surprises Could Be In Store For Prodigy Ventures Inc.'s (CVE:PGV) Shares5 months ago | Simply Wall St
Imagine Owning Prodigy Ventures (CVE:PGV) And Trying To Stomach The 71% Share Price DropValuation
Is Prodigy Ventures undervalued compared to its fair value and its price relative to the market?
59.52x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PGV (CA$0.09) is trading above our estimate of fair value (CA$0)
Significantly Below Fair Value: PGV is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PGV is poor value based on its PE Ratio (59.5x) compared to the CA IT industry average (18.6x).
PE vs Market: PGV is poor value based on its PE Ratio (59.5x) compared to the Canadian market (15.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PGV's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PGV is good value based on its PB Ratio (3x) compared to the CA IT industry average (4.8x).
Next Steps
Future Growth
How is Prodigy Ventures forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
23.0%
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 Prodigy Ventures 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
- Examine Prodigy Ventures's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Prodigy Ventures competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Software industry.
Past Performance
How has Prodigy Ventures performed over the past 5 years?
-31.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PGV has high quality earnings.
Growing Profit Margin: PGV's current net profit margins (1%) are lower than last year (2%).
Past Earnings Growth Analysis
Earnings Trend: PGV's earnings have declined by 31.3% per year over the past 5 years.
Accelerating Growth: PGV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PGV had negative earnings growth (-57.8%) over the past year, making it difficult to compare to the IT industry average (2.3%).
Return on Equity
High ROE: PGV's Return on Equity (5%) is considered low.
Next Steps
Financial Health
How is Prodigy Ventures's financial position?
Financial Position Analysis
Short Term Liabilities: PGV's short term assets (CA$4.3M) exceed its short term liabilities (CA$1.8M).
Long Term Liabilities: PGV's short term assets (CA$4.3M) exceed its long term liabilities (CA$47.4K).
Debt to Equity History and Analysis
Debt Level: PGV is debt free.
Reducing Debt: PGV has no debt compared to 5 years ago when its debt to equity ratio was 39.8%.
Debt Coverage: PGV has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: PGV has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Prodigy Ventures's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PGV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PGV'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 PGV's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PGV's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: PGV is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PGV'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?
0.9yrs
Average management tenure
CEO
Jeff Watts (60 yo)
0.83
Tenure
CA$366,451
Compensation
Mr. Jeffrey S. Watts, also known as Jeff, has been Chief Executive Officer and Director at Prodigy Ventures Inc. since January 1, 2020. He has served as President of Prodigy Ventures Inc. since April 2018....
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD281.22K) is above average for companies of similar size in the Canadian market ($USD165.62K).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Executive Chairman | 1.92yrs | CA$526.00k | 68.43% CA$ 6.4m | |
| President | 0.83yr | CA$366.45k | 2.44% CA$ 228.0k | |
| CFO & Corporate Secretary | 5.17yrs | CA$202.33k | 1.47% CA$ 137.2k | |
| Vice President of Human Resource | no data | no data | no data | |
| VP & Head of Insurance | 0.92yr | no data | no data | |
| Senior Vice President of Issuance of Options | 0.25yr | no data | no data |
0.9yrs
Average Tenure
60yo
Average Age
Experienced Management: PGV's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Executive Chairman | 1.92yrs | CA$526.00k | 68.43% CA$ 6.4m | |
| President | 0.83yr | CA$366.45k | 2.44% CA$ 228.0k | |
| Independent Director | 5.17yrs | CA$23.75k | 0.57% CA$ 53.0k | |
| Independent Director | 5.17yrs | CA$25.00k | 0.76% CA$ 71.0k | |
| Member of Advisory Board | 1.58yrs | CA$241.61k | no data | |
| Chairman of Advisory Board | no data | no data | no data | |
| Member of Advisory Board | 2.5yrs | no data | no data | |
| Independent Director | 1.58yrs | CA$18.75k | 0.26% CA$ 24.5k |
1.9yrs
Average Tenure
57.5yo
Average Age
Experienced Board: PGV's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.
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
Prodigy Ventures Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Prodigy Ventures Inc.
- Ticker: PGV
- Exchange: TSXV
- Founded:
- Industry: IT Consulting and Other Services
- Sector: Software
- Market Cap: CA$9.334m
- Shares outstanding: 116.68m
- Website: https://www.prodigy.ventures
Location
- Prodigy Ventures Inc.
- TD Canada Trust Tower
- Suite 4420
- Toronto
- Ontario
- M5J 2S1
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PGV | TSXV (TSX Venture Exchange) | Yes | New Common Shares | CA | CAD | Sep 2015 |
Biography
Prodigy Ventures Inc. provides technology services to financial institutions and other large enterprises in Canada. It offers consulting services for strategy, design, project management, application devel...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/24 23:39 |
| End of Day Share Price | 2020/11/24 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.