TSXV:PVT

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Executive Summary

Pivotree Inc. provides services focused on the design, implementation, management, and maintenance of complex ecommerce solutions for large enterprises worldwide. More Details

Rewards

Earnings are forecast to grow 138.53% per year

Revenue grew by 10.2% over the past year

Risk Analysis

No risks detected for PVT from our risk checks.


Snowflake Analysis

Reasonable growth potential with adequate balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: PVT is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: Insufficient data to determine PVT's volatility change over the past year.


Market Performance


7 Day Return

-0.3%

PVT

-0.2%

CA IT

-0.5%

CA Market


1 Year Return

n/a

PVT

-5.4%

CA IT

1.6%

CA Market

Return vs Industry: Insufficient data to determine how PVT performed against the Canadian IT industry.

Return vs Market: Insufficient data to determine how PVT performed against the Canadian Market.


Shareholder returns

PVTIndustryMarket
7 Day-0.3%-0.2%-0.5%
30 Day5.6%-0.6%2.9%
90 Dayn/a17.2%12.2%
1 Yearn/a-5.4%-5.4%5.3%1.6%
3 Yearn/a43.2%43.1%13.1%2.3%
5 Yearn/a81.5%81.1%66.1%40.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

232.16x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: PVT (CA$11.52) is trading above our estimate of fair value (CA$4.8)

Significantly Below Fair Value: PVT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PVT is unprofitable, so we can't compare its PE Ratio to the CA IT industry average.

PE vs Market: PVT is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PVT is overvalued based on its PB Ratio (232.2x) compared to the CA IT industry average (6.1x).


Next Steps

Future Growth

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

138.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PVT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).

Earnings vs Market: PVT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PVT's is expected to become profitable in the next 3 years.

Revenue vs Market: PVT's revenue (18.4% per year) is forecast to grow faster than the Canadian market (7.9% per year).

High Growth Revenue: PVT's revenue (18.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PVT's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Pivotree performed over the past 5 years?

31.5%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: PVT is currently unprofitable.

Growing Profit Margin: PVT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if PVT's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare PVT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PVT is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (2.4%).


Return on Equity

High ROE: PVT has a negative Return on Equity (-13.12%), as it is currently unprofitable.


Next Steps

Financial Health

How is Pivotree's financial position?


Financial Position Analysis

Short Term Liabilities: PVT's short term assets (CA$20.2M) exceed its short term liabilities (CA$12.7M).

Long Term Liabilities: PVT's short term assets (CA$20.2M) exceed its long term liabilities (CA$19.7M).


Debt to Equity History and Analysis

Debt Level: PVT's debt to equity ratio (136.2%) is considered high.

Reducing Debt: Insufficient data to determine if PVT's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable PVT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: PVT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 130.7% per year.


Next Steps

Dividend

What is Pivotree current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate PVT'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 PVT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PVT'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 PVT'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?

1.5yrs

Average management tenure


CEO

Bill Di Nardo

5.5yrs

Tenure

Mr. Bill Di Nardo has been the Chief Executive Officer of Pivotree Inc. (formerly known as Tenzing, Inc.). since July 21, 2015 and serves as its Chairman. Mr. Di Nardo is a Managing Partner at Eventi Capit...


Leadership Team

NamePositionTenureCompensationOwnership
William Di Nardo
Chairman and Chief Executive Officer5.5yrsno data6.2%
CA$ 17.6m
Ted Smith
Chief Operations Officer1yrno data0.12%
CA$ 354.3k
Chris MacLean
Vice President of Technologyno datano datano data
Joel Farquhar
Vice President of Technology0.83yrno datano data
Mo Ashoor
Chief Administration Officerno datano data0.065%
CA$ 184.3k
Raj Atwal
Senior Vice President of Sales1yrno datano data
Ira Kapoor
Vice President of Talent Management3.58yrsno datano data
Elizabeth Scott
Senior Vice President of Strategic Account Management1yrno datano data
Greg Wong
Chief Revenue Officer3.58yrsno data0.21%
CA$ 591.2k
James Urbati
Senior Vice President of Product Management2.08yrsno datano data
Joanne Desforges
Senior Vice President of Professional Servicesno datano datano data
Peter Lui-Hing
Senior Vice President of Product Innovationno datano data0.44%
CA$ 1.3m

1.5yrs

Average Tenure

Experienced Management: PVT's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


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: PVT only recently listed within the past 12 months.


Top Shareholders

Company Information

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


Key Information

  • Name: Pivotree Inc.
  • Ticker: PVT
  • Exchange: TSXV
  • Founded: 1998
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: CA$284.649m
  • Shares outstanding: 24.71m
  • Website: https://pivotree.com

Number of Employees


Location

  • Pivotree Inc.
  • 250 Yonge Street
  • 16th Floor
  • Toronto
  • Ontario
  • M5B 2L7
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PVTTSXV (TSX Venture Exchange)YesSubordinate Voting SharesCACADOct 2020

Biography

Pivotree Inc. provides services focused on the design, implementation, management, and maintenance of complex ecommerce solutions for large enterprises worldwide. The company operates through two segments,...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 23:31
End of Day Share Price2021/01/15 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.