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QIS

Quorum Information TechnologiesTSXV:QIS Stock Report

Market Cap

CA$82.3m

7D

-1.7%

1Y

13.0%

Updated

02 Dec, 2021

Data

Company Financials +
QIS fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance0/6
Financial Health4/6
Dividends0/6

QIS Stock Overview

Quorum Information Technologies Inc., an information technology company, focuses on the automotive retail business in Canada and the United States.

Price History & Performance

Summary of all time highs, changes and price drops for Quorum Information Technologies
Historical stock prices
Current Share PriceCA$1.13
52 Week HighCA$1.50
52 Week LowCA$0.93
Beta-0.19
1 Month Change1.80%
3 Month Change0%
1 Year Change13.00%
3 Year Change76.56%
5 Year Change91.53%
Change since IPO151.11%

Recent News & Updates

Oct 01
It's Unlikely That Quorum Information Technologies Inc.'s (CVE:QIS) CEO Will See A Huge Pay Rise This Year

It's Unlikely That Quorum Information Technologies Inc.'s (CVE:QIS) CEO Will See A Huge Pay Rise This Year

Quorum Information Technologies Inc. ( CVE:QIS ) has exhibited strong share price growth in the past few years...

Sep 02
Does Quorum Information Technologies (CVE:QIS) Have A Healthy Balance Sheet?

Does Quorum Information Technologies (CVE:QIS) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

QISCA SoftwareCA Market
7D-1.7%-6.0%-3.6%
1Y13.0%27.1%20.3%

Return vs Industry: QIS underperformed the Canadian Software industry which returned 26.9% over the past year.

Return vs Market: QIS underperformed the Canadian Market which returned 19% over the past year.

Price Volatility

Is QIS's price volatile compared to industry and market?
QIS volatility
QIS Average Weekly Movement6.4%
Software Industry Average Movement11.8%
Market Average Movement9.4%
10% most volatile stocks in CA Market17.0%
10% least volatile stocks in CA Market3.6%

Stable Share Price: QIS is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: QIS's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1996n/aMaury Markshttps://www.quoruminformationsystems.com

Quorum Information Technologies Inc., an information technology company, focuses on the automotive retail business in Canada and the United States. The company develops, markets, implements, and supports XSellerator, a dealership management system that automates, integrates, and streamlines processes across departments in a dealership; and DealerMine CRM, a sales and service customer relationship management system, as well as a set of business development center services. It also offers Autovance, a retailing platform that helps dealerships attract more business through digital retailing, and enhances in-store profits and closing rates through its desking tool; and Advantage, a showroom system for franchised and independent dealerships, as well as a management system that includes accounting for the independent markets.

Quorum Information Technologies Fundamentals Summary

How do Quorum Information Technologies's earnings and revenue compare to its market cap?
QIS fundamental statistics
Market CapCA$82.35m
Earnings (TTM)-CA$1.17m
Revenue (TTM)CA$35.15m

2.3x

P/S Ratio

-70.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
QIS income statement (TTM)
RevenueCA$35.15m
Cost of RevenueCA$19.37m
Gross ProfitCA$15.77m
ExpensesCA$16.95m
Earnings-CA$1.17m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.016
Gross Margin44.88%
Net Profit Margin-3.33%
Debt/Equity Ratio30.0%

How did QIS perform over the long term?

See historical performance and comparison

Valuation

Is Quorum Information Technologies undervalued compared to its fair value and its price relative to the market?

2.78x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate QIS's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate QIS's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: QIS is unprofitable, so we can't compare its PE Ratio to the Canadian Software industry average.

PE vs Market: QIS 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 QIS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: QIS is good value based on its PB Ratio (2.8x) compared to the CA Software industry average (4.7x).


Future Growth

How is Quorum Information Technologies forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

11.5%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if QIS's forecast earnings growth is above the savings rate (1.6%).

Earnings vs Market: Insufficient data to determine if QIS's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: QIS's revenue (11.5% per year) is forecast to grow faster than the Canadian market (5.7% per year).

High Growth Revenue: QIS's revenue (11.5% 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 QIS's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Quorum Information Technologies performed over the past 5 years?

-58.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: QIS is currently unprofitable.

Growing Profit Margin: QIS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: QIS is unprofitable, and losses have increased over the past 5 years at a rate of 58.1% per year.

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

Earnings vs Industry: QIS is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (35.4%).


Return on Equity

High ROE: QIS has a negative Return on Equity (-3.96%), as it is currently unprofitable.


Financial Health

How is Quorum Information Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: QIS's short term assets (CA$12.0M) exceed its short term liabilities (CA$4.4M).

Long Term Liabilities: QIS's short term assets (CA$12.0M) do not cover its long term liabilities (CA$14.1M).


Debt to Equity History and Analysis

Debt Level: QIS's net debt to equity ratio (4.6%) is considered satisfactory.

Reducing Debt: QIS's debt to equity ratio has increased from 1.9% to 30% 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: QIS has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: QIS has sufficient cash runway for 2.3 years if free cash flow continues to grow at historical rates of 2.2% each year.


Dividend

What is Quorum Information Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

3.5yrs

Average management tenure


CEO

Maury Marks

25.25yrs

Tenure

CA$281,919

Compensation

Mr. Maury R. Marks, B.Mgt., CA Founded Quorum Information Technologies Inc. and serves as its President and Chief Executive Officer since September 1996. Mr. Marks has been Director of Quorum Information T...


CEO Compensation Analysis

Compensation vs Market: Maury's total compensation ($USD220.09K) is above average for companies of similar size in the Canadian market ($USD165.14K).

Compensation vs Earnings: Maury's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: QIS's management team is considered experienced (3.5 years average tenure).


Board Members

Experienced Board: QIS's board of directors are considered experienced (5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: QIS insiders have only sold shares 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

Quorum Information Technologies Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Quorum Information Technologies Inc.
  • Ticker: QIS
  • Exchange: TSXV
  • Founded: 1996
  • Industry: Systems Software
  • Sector: Software
  • Market Cap: CA$82.347m
  • Shares outstanding: 72.87m
  • Website: https://www.quoruminformationsystems.com

Location

  • Quorum Information Technologies Inc.
  • B28
  • 6020-2nd Street SE
  • Calgary
  • Alberta
  • T2H 2L8
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/02 23:22
End of Day Share Price2021/12/01 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.