TSXV:PGV

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Prodigy Ventures

Executive Summary

Prodigy Ventures Inc. provides technology services to financial institutions and other large enterprises in Canada. More Details


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

PGVIndustryMarket
7 Day-10.5%2.1%1.7%
30 Day6.3%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 Year8.4%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

Valuation

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

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

NamePositionTenureCompensationOwnership
Thomas Beckerman
Founder & Executive Chairman1.92yrsCA$526.00k68.43%
CA$ 6.4m
Jeffrey Watts
President0.83yrCA$366.45k2.44%
CA$ 228.0k
Andrew Hilton
CFO & Corporate Secretary5.17yrsCA$202.33k1.47%
CA$ 137.2k
Natalie Mohammed
Vice President of Human Resourceno datano datano data
Jamie Rodgers
VP & Head of Insurance0.92yrno datano data
George Colwell
Senior Vice President of Issuance of Options0.25yrno datano 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

NamePositionTenureCompensationOwnership
Thomas Beckerman
Founder & Executive Chairman1.92yrsCA$526.00k68.43%
CA$ 6.4m
Jeffrey Watts
President0.83yrCA$366.45k2.44%
CA$ 228.0k
T. MacLean
Independent Director5.17yrsCA$23.75k0.57%
CA$ 53.0k
Stephen Moore
Independent Director5.17yrsCA$25.00k0.76%
CA$ 71.0k
Pierre Roberge
Member of Advisory Board1.58yrsCA$241.61kno data
Jeffrey Shaul
Chairman of Advisory Boardno datano datano data
Anatol Von Hahn
Member of Advisory Board2.5yrsno datano data
Gayemarie Brown
Independent Director1.58yrsCA$18.75k0.26%
CA$ 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PGVTSXV (TSX Venture Exchange)YesNew Common SharesCACADSep 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 23:39
End of Day Share Price2020/11/24 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.