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Invesque

OTCPK:MHIV.F
Snowflake Description

Moderate growth potential unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MHIV.F
OTCPK
$361M
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Invesque Inc. operates as a real estate investment company in Canada and the United States. The last earnings update was 6 days ago. More info.


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MHIV.F Share Price and Events
7 Day Returns
-0%
OTCPK:MHIV.F
-0.9%
US Real Estate
-0.7%
US Market
1 Year Returns
-24.5%
OTCPK:MHIV.F
-15.7%
US Real Estate
3%
US Market
MHIV.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Invesque (MHIV.F) -0% -2.9% -13.7% -24.5% - -
US Real Estate -0.9% -6.6% -8.6% -15.7% 22.9% 4.2%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • MHIV.F underperformed the Real Estate industry which returned -15.7% over the past year.
  • MHIV.F underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

MHIV.F Value

 Is Invesque undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Invesque to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Invesque.

OTCPK:MHIV.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:MHIV.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.11 (1 + (1- 26.5%) (215.99%))
2.255
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%)
14.65%

Discounted Cash Flow Calculation for OTCPK:MHIV.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Invesque is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:MHIV.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 14.65%)
2019 21.54 Est @ -14.76% 18.79
2020 19.49 Est @ -9.51% 14.83
2021 18.36 Est @ -5.84% 12.18
2022 17.76 Est @ -3.27% 10.28
2023 17.50 Est @ -1.47% 8.83
2024 17.46 Est @ -0.21% 7.69
2025 17.58 Est @ 0.67% 6.75
2026 17.80 Est @ 1.29% 5.96
2027 18.11 Est @ 1.72% 5.29
2028 18.48 Est @ 2.02% 4.71
Present value of next 10 years cash flows $95.31
OTCPK:MHIV.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $18.48 × (1 + 2.73%) ÷ (14.65% – 2.73%)
$159.23
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $159.23 ÷ (1 + 14.65%)10
$40.58
OTCPK:MHIV.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $95.31 + $40.58
$135.89
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $135.89 / 53.88
$2.52
OTCPK:MHIV.F Discount to Share Price
Calculation Result
Value per share (USD) From above. $2.56
Current discount Discount to share price of $6.80
= -1 x ($6.80 - $2.56) / $2.56
-165.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Invesque is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Invesque's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Invesque's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:MHIV.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.14
TSX:IVQ.U Share Price ** TSX (2019-05-16) in USD $6.7
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 15.37x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Invesque.

OTCPK:MHIV.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:IVQ.U Share Price ÷ EPS (both in USD)

= 6.7 ÷ -0.14

-46.74x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Invesque is loss making, we can't compare its value to the US Real Estate industry average.
  • Invesque is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Invesque's expected growth come at a high price?
Raw Data
OTCPK:MHIV.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -46.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
32.1%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.44x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Invesque, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Invesque's assets?
Raw Data
OTCPK:MHIV.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $8.23
TSX:IVQ.U Share Price * TSX (2019-05-16) in USD $6.7
United States of America Real Estate Industry PB Ratio Median Figure of 52 Publicly-Listed Real Estate Companies 1.44x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
OTCPK:MHIV.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:IVQ.U Share Price ÷ Book Value per Share (both in USD)

= 6.7 ÷ 8.23

0.81x

* Primary Listing of Invesque.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Invesque is good value based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Invesque's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Invesque has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MHIV.F Future Performance

 How is Invesque expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

  • No analysts cover Invesque, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
32.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Invesque expected to grow at an attractive rate?
  • Invesque's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Invesque's earnings growth is expected to exceed the United States of America market average.
  • Invesque's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:MHIV.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:MHIV.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 32.1%
OTCPK:MHIV.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -1.7%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:MHIV.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:MHIV.F Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 121 77 2
2019-12-31 123 41 1
OTCPK:MHIV.F Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 125 25 -7
2018-12-31 119 25 -12
2018-09-30 108 33 24
2018-06-30 92 32 19
2018-03-31 77 32 14
2017-12-31 64 41 16
2017-09-30 61 29 19
2017-06-30 55 25 17
2017-03-31 48 20 11
2016-12-31 41 9 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Invesque's earnings are expected to grow significantly at over 20% yearly.
  • Invesque's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:MHIV.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Invesque Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MHIV.F Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
OTCPK:MHIV.F Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.14
2018-12-31 -0.24
2018-09-30 0.44
2018-06-30 0.49
2018-03-31 0.39
2017-12-31 0.50
2017-09-30 0.61
2017-06-30 0.56
2017-03-31 0.47
2016-12-31 0.30

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Invesque will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Invesque's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Invesque has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MHIV.F Past Performance

  How has Invesque performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Invesque's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Invesque does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Invesque's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Invesque's 1-year growth to the US Real Estate industry average as it is not currently profitable.
Earnings and Revenue History
Invesque's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Invesque Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MHIV.F Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 124.75 -7.39 15.94
2018-12-31 118.56 -12.28 15.19
2018-09-30 108.28 23.50 13.60
2018-06-30 92.33 19.42 10.06
2018-03-31 77.47 13.60 8.91
2017-12-31 64.00 16.26 8.57
2017-09-30 60.98 19.18 8.97
2017-06-30 55.41 16.74 7.76
2017-03-31 47.95 11.27 7.07
2016-12-31 40.87 4.88 5.18
2016-03-31 27.31 -24.37 5.56
2015-12-31 20.43 -23.02 5.06

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Invesque has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Invesque used its assets less efficiently than the US Real Estate industry average last year based on Return on Assets.
  • It is difficult to establish if Invesque improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Invesque's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Invesque has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MHIV.F Health

 How is Invesque's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Invesque's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Invesque's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Invesque's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Invesque's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Invesque Company Filings, last reported 1 month ago.

OTCPK:MHIV.F Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 497.49 779.76 25.68
2018-12-31 496.42 731.87 26.98
2018-09-30 558.00 751.31 11.75
2018-06-30 538.73 728.36 8.01
2018-03-31 506.36 623.80 14.89
2017-12-31 319.38 428.48 12.96
2017-09-30 296.27 400.57 3.91
2017-06-30 296.36 402.33 2.92
2017-03-31 296.97 364.78 7.13
2016-12-31 297.24 356.22 7.65
2016-03-31 13.57 260.41 6.43
2015-12-31 14.98 256.08 7.19
  • Invesque's level of debt (156.7%) compared to net worth is high (greater than 40%).
  • Unable to establish if Invesque's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (3.2%, less than 20% of total debt).
  • Invesque is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Invesque's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Invesque has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MHIV.F Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
11%
Current annual income from Invesque dividends. Estimated to be 11.04% next year.
If you bought $2,000 of Invesque shares you are expected to receive $220 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Invesque's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Invesque's dividend is above the markets top 25% of dividend payers in United States of America (3.69%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:MHIV.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:MHIV.F Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.74 4.00
2019-12-31 0.74 4.00
OTCPK:MHIV.F Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-13 0.737 10.879
2019-04-15 0.737 10.576
2019-03-15 0.737 10.541
2019-02-22 0.737 9.907
2019-01-16 0.737 9.604
2018-12-18 0.737 10.649
2018-11-16 0.737 10.949
2018-10-18 0.737 9.999
2018-09-18 0.737 9.375
2018-08-17 0.737 9.104
2018-07-17 0.737 8.975
2018-06-20 0.737 8.792
2018-05-17 0.737 8.341
2018-04-17 0.737 8.371
2018-03-15 0.737 8.446
2018-02-16 0.737 8.278
2018-01-16 0.737 8.124
2017-12-15 0.737 8.617
2017-11-15 0.737 8.631
2017-10-17 0.737 8.814
2017-09-15 0.737 8.454
2017-09-05 0.737 8.185

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Invesque has been paying a dividend for less than 10 years.
  • Invesque has only been paying a dividend for 2 years, and since then there has been no growth.
Current Payout to shareholders
What portion of Invesque's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Invesque's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Invesque afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Invesque has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MHIV.F Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Scott White
COMPENSATION $2,026,029
AGE 44
TENURE AS CEO 2.3 years
CEO Bio

Mr. Scott Eric White, J.D., CPA, has been the Chief Executive Officer of Invesque Inc. since January 09, 2017 and serves as its President. Mr. White is Chairman of the Board at Invesque Inc. since March 11, 2019. Mr. White served as Chief Operating Officer at Mainstreet Health Investments Inc., until January 09, 2017. Mr. White was responsible for capital development, operations and strategic initiatives. Prior to joining Mainstreet in April 2013, Mr. White served as a Senior Vice President in the Private Funds Group of Brookfield Asset Management Inc. from August 2009 to April 2013, where he was responsible for raising capital for various alternative asset vehicles across real estate, private equity and infrastructure. He was Investment Banking Professional at Citigroup Inc. He served as Head of Deal Execution and Deal Manager at Citigroup Alternative Investments LLC. Mr. White served as an Executive Vice President of Investments at Mainstreet Property Group, LLC, Mainstreet Health Investments Inc., HealthLease Properties Real Estate Investment Trust and Mainstreet Property Group LLC, Investment Arm. He served as Executive Vice President of Finance at Mainstreet Property Group, LLC since April 23, 2013. His career experience also includes a tenure as Director and Head of Deal Management at Citigroup’s Alternatives Distribution Group. At Citigroup, he advised clients on alternative capital raising activities in private equity, real estate, hedge and infrastructure funds; Mr. White was responsible for executing 25 capital raising assignments at over $30 billion. Before focusing his career on alternative assets, he was part of the Healthcare Group at Citi’s Investment Bank, working with clients in the healthcare sector on M&A and capital raising assignments. Prior to Citi, he began his career in public accounting as an Auditor for PricewaterhouseCoopers. Mr. White has more than 15 years of Wall Street Experience. He is a C.P.A., is admitted to the bars of New York and New Jersey and holds securities industry FINRA licenses Series 7, 24 and 63. Mr. White earned Bachelor’s degrees with highest honors in Political Science and Journalism from Rutgers University. He received his M.B.A. from Rutgers Graduate School of Management and his J.D. from the University of Pennsylvania Law School.

CEO Compensation
  • Scott's compensation has increased whilst company is loss making.
  • Scott's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Invesque management team in years:

1.6
Average Tenure
36
Average Age
  • The average tenure for the Invesque management team is less than 2 years, this suggests a new team.
Management Team

Scott White

TITLE
Chairman
COMPENSATION
$2M
AGE
44
TENURE
2.3 yrs

Scott Higgs

TITLE
Chief Financial Officer
COMPENSATION
$900K
AGE
35
TENURE
3.3 yrs

Adlai Chester

TITLE
Chief Investment Officer & Director
COMPENSATION
$1M
AGE
36
TENURE
1.6 yrs

John Petelik

TITLE
Vice President of Operations

Jim Rees

TITLE
Director of Accounting

Randy Henry

TITLE
Director

Azin Lotfi

TITLE
General Counsel & Secretary
TENURE
1.3 yrs

Christine Johnson

TITLE
Director of Marketing

Dennis Dechow

TITLE
Vice President of Asset Management Services

Adam Zeiger

TITLE
Senior VP & Chief Relationship Officer
TENURE
1.1 yrs
Board of Directors Tenure

Average tenure and age of the Invesque board of directors in years:

2.2
Average Tenure
45
Average Age
  • The average tenure for the Invesque board of directors is less than 3 years, this suggests a new board.
Board of Directors

Scott White

TITLE
Chairman
COMPENSATION
$2M
AGE
44
TENURE
0.2 yrs

Adlai Chester

TITLE
Chief Investment Officer & Director
COMPENSATION
$1M
AGE
36

Dan Amadori

TITLE
Director
COMPENSATION
$110K
AGE
66
TENURE
7.8 yrs

Shaun Hawkins

TITLE
Director
COMPENSATION
$84K
AGE
45
TENURE
3.1 yrs

Chuck Herman

TITLE
Lead Director
COMPENSATION
$98K
AGE
52
TENURE
0.2 yrs

Brad Benbow

TITLE
Director
COMPENSATION
$93K
AGE
57
TENURE
3.1 yrs

Randy Maultsby

TITLE
Director
AGE
44
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
17. May 19 Buy Magnetar Capital, LLC Company 15. May 19 15. May 19 51,203 $6.58 $336,742
17. May 19 Buy Magnetar Capital, LLC Company 15. May 19 15. May 19 28,917 $6.58 $190,176
19. Apr 19 Buy Magnetar Capital, LLC Company 15. Apr 19 15. Apr 19 75,910 $5.15 $391,106
10. Apr 19 Sell Shaun Hawkins Individual 13. Sep 18 17. Sep 18 -6,000 $8.06 $-47,860
20. Mar 19 Buy Magnetar Capital, LLC Company 15. Mar 19 15. Mar 19 76,141 $5.12 $389,784
20. Feb 19 Buy Magnetar Capital, LLC Company 15. Feb 19 15. Feb 19 67,997 $7.60 $516,573
20. Dec 18 Buy Elisabeth Wigmore Individual 20. Dec 18 20. Dec 18 2,220 $6.82 $15,140
27. Sep 18 Buy Scott Higgs Individual 27. Sep 18 27. Sep 18 2,500 $8.10 $20,250
27. Sep 18 Buy Scott White Individual 27. Sep 18 27. Sep 18 5,000 $8.04 $40,200
28. Aug 18 Buy Thomas Turner Individual 17. Aug 18 17. Aug 18 300 $8.27 $2,481
20. Aug 18 Buy Thomas Turner Individual 17. Aug 18 17. Aug 18 2,000 $8.27 $16,540
X
Management checks
We assess Invesque's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Invesque has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MHIV.F News

Simply Wall St News

MHIV.F Company Info

Description

Invesque Inc. operates as a real estate investment company in Canada and the United States. The company invests in health care and senior living properties, such as post-acute transitional care, long-term care, memory care, assisted living, independent living, and medical office properties. As of December 31, 2018, it owns a portfolio of 98 health care and senior living properties. The company was formerly known as Mainstreet Health Investments Inc. and changed its name to Invesque Inc. in January 2018. Invesque Inc. is headquartered in Toronto, Canada.

Details
Name: Invesque Inc.
MHIV.F
Exchange: OTCPK
Founded:
$361,021,647
53,883,828
Website: http://invesque.com
Address: Invesque Inc.
333 Bay Street,
Suite 3400,
Toronto,
Ontario, M5H 2S7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX IVQ.U Common Shares The Toronto Stock Exchange CA USD 02. Jun 2016
OTCPK MHIV.F Common Shares Pink Sheets LLC US USD 02. Jun 2016
Number of employees
Current staff
Staff numbers
26
Invesque employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 03:13
End of day share price update: 2019/05/16 00:00
Last estimates confirmation: 2019/05/16
Last earnings filing: 2019/05/14
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.