OTCPK:CTVE.F

Stock Analysis Report

Executive Summary

Certive Solutions Inc. provides revenue cycle management services to hospitals in the United States.

Snowflake

Fundamentals

Weak fundamentals or lack of information.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

CTVE.F

-2.1%

US Healthcare Services

0.07%

US Market


1 Year Return

42.9%

CTVE.F

18.1%

US Healthcare Services

8.9%

US Market

Return vs Industry: CTVE.F exceeded the US Healthcare Services industry which returned 18.1% over the past year.

Return vs Market: CTVE.F exceeded the US Market which returned 8.9% over the past year.


Shareholder returns

CTVE.FIndustryMarket
7 Day0%-2.1%0.07%
30 Day25.0%-5.4%-0.3%
90 Day35.1%-10.1%-1.6%
1 Year42.9%42.9%18.3%18.1%11.3%8.9%
3 Year-69.4%-69.4%65.0%64.5%46.3%36.8%
5 Year-75.0%-75.0%60.9%59.6%62.1%44.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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


In this section, we usually try to help investors determine whether Certive Solutions is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Certive Solutions has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of CTVE.F’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Certive Solutions regulatory filings here.
  • Explore potentially undervalued companies in the Healthcare industry.

Future Growth

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

29.1%

Forecasted Healthcare 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 Certive Solutions 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

  • Take a look at our analysis of CTVE.F’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Certive Solutions's filings and announcements here.
  • Explore growth companies in the Healthcare industry.

Past Performance

How has Certive Solutions performed over the past 5 years?

-10.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CTVE.F is unprofitable, and losses have increased over the past 5 years at a rate of -10.5% per year.

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

Earnings vs Industry: CTVE.F is unprofitable, making it difficult to compare its past year earnings growth to the Healthcare Services industry (-5.7%).


Return on Equity

High ROE: CTVE.F's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets

ROA vs Industry: CTVE.F is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: CTVE.F is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Certive Solutions's financial position?


Financial Position Analysis

Short Term Liabilities: CTVE.F has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: CTVE.F has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: CTVE.F has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: CTVE.F's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

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

Debt Coverage by Assets: CTVE.F has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


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: CTVE.F has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: CTVE.F has less than a year of cash runway if free cash flow continues to grow at historical rates of 43.1% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

Stable Dividend: Insufficient data to determine if CTVE.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CTVE.F'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 CTVE.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Certive Solutions's salary, the management and board of directors tenure and is there insider trading?

1.2yrs

Average management tenure


CEO

Tom Marreel 0

0yrs

Tenure

0

Mr. Tom Marreel has serves as the Acting Chief Executive Officer and Member of Advisory Council at Certive Solutions, Inc. He served as Senior Vice President of Schaller Anderson. He has been the Chairman  ...


Management Age and Tenure

1.2yrs

Average Tenure

Experienced Management: CTVE.F's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Age and Tenure

2.7yrs

Average Tenure

Experienced Board: CTVE.F's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: CTVE.F insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

BuyUS$3817 Oct 19
Scott Thomas
EntityIndividual
Shares1,000
Max PriceUS$0.038
BuyUS$4210 Oct 19
Scott Thomas
EntityIndividual
Shares1,000
Max PriceUS$0.042
SellUS$86507 Oct 19
Jeff Wareham
EntityIndividual
Role
Member of the Board of Directors
Director
Shares23,000
Max PriceUS$0.038
BuyUS$5003 Oct 19
Scott Thomas
EntityIndividual
Shares1,100
Max PriceUS$0.045
BuyUS$8426 Aug 19
Scott Thomas
EntityIndividual
Shares2,100
Max PriceUS$0.04
BuyUS$17621 Aug 19
Scott Thomas
EntityIndividual
Shares5,000
Max PriceUS$0.035
BuyUS$38823 May 19
Scott Thomas
EntityIndividual
Shares14,000
Max PriceUS$0.029
BuyUS$5811 Feb 19
Scott Thomas
EntityIndividual
Shares1,800
Max PriceUS$0.032

Ownership Breakdown


Management Team

  • Van Potter (60yo)

    Vice President of Marketing

    • Tenure: 0.7yrs
    • Compensation: US$285.00k
  • Ann Fierro

    President of Omega Technologies Solutions

    • Tenure: 0.7yrs
  • Tim Hyland

    CFO, Treasurer

    • Tenure: 0yrs
  • Tom Marreel

    Chairman

    • Tenure: 0yrs
  • Robert, Rob Kang (53yo)

    Director of Finance & Regulatory Compliance

    • Tenure: 0yrs
  • Mike Miller

    Chief Internal Counsel & Secretary

    • Tenure: 3.5yrs
    • Compensation: US$240.00k
  • Peggy Turner

    Controller

    • Tenure: 0yrs
  • Tim Tolchin

    Chief Growth Officer

    • Tenure: 1.6yrs
  • Fred Erickson

    President of Knowledge Capital Alliance

    • Tenure: 0.7yrs

Board Members

  • Jack Saltich (76yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: US$500.00k
  • Fred Hatfield

    Member of Advisory Council

    • Tenure: 0yrs
  • Jeffrey Benton

    Member of Advisory Council

    • Tenure: 4.3yrs
  • Arthur Pelburg

    Member of Advisory Council

    • Tenure: 0yrs
  • Tim Hyland

    CFO, Treasurer

    • Tenure: 0yrs
  • Tom Marreel

    Chairman

    • Tenure: 0yrs
  • Steve Schramm

    Member of Advisory Council

    • Tenure: 0yrs
  • Charlotte Jacobs

    Member of Advisory Council

    • Tenure: 4.3yrs
  • Robert, Rob Kang (53yo)

    Director of Finance & Regulatory Compliance

    • Tenure: 0yrs
  • Jeff Wareham

    Director

    • Tenure: 2.7yrs
    • Compensation: US$52.00k

Company Information

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


Key Information

  • Name: Certive Solutions Inc.
  • Ticker: CTVE.F
  • Exchange: OTCPK
  • Founded: 2010
  • Industry: Health Care Technology
  • Sector: Healthcare
  • Market Cap: CA$4.084m
  • Listing Market Cap: CA$3.117m
  • Shares outstanding: 102.11m
  • Website: https://www.certive.com

Number of Employees


Location

  • Certive Solutions Inc.
  • 7373 East Doubletree Ranch Road
  • Suite 210
  • Scottsdale
  • Arizona
  • 85258
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CTVE.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMay 2013
CBPCNSX (Canadian National Stock Exchange)YesCommon SharesCACADMay 2013
5CEDB (Deutsche Boerse AG)YesCommon SharesDEEURMay 2013

Biography

Certive Solutions Inc. provides revenue cycle management services to hospitals in the United States. The company operates through two segments, Omega and KCA. It offers solutions, such as revenue integrity ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 00:35
End of Day Share Price2019/10/14 00:00
Earnings2019/05/31
Annual Earnings2019/05/31


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.