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Pivot Technology Solutions

OTCPK:PVVT.F
Snowflake Description

Mediocre balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PVVT.F
OTCPK
CA$50M
Market Cap
  1. Home
  2. US
  3. Software
Company description

Pivot Technology Solutions, Inc. provides IT solutions to businesses, government, and education institutions, and healthcare organizations in North America and Europe. The last earnings update was 128 days ago. More info.


Add to Portfolio Compare Print
  • Pivot Technology Solutions has significant price volatility in the past 3 months.
PVVT.F Share Price and Events
7 Day Returns
-1.9%
OTCPK:PVVT.F
1.7%
US IT
1.2%
US Market
1 Year Returns
-41.5%
OTCPK:PVVT.F
15.5%
US IT
3%
US Market
PVVT.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pivot Technology Solutions (PVVT.F) -1.9% 13.2% 36.6% -41.5% -27% -
US IT 1.7% 4.9% 22.3% 15.5% 80.2% 94.8%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • PVVT.F underperformed the IT industry which returned 15.5% over the past year.
  • PVVT.F underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
PVVT.F
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Pivot Technology Solutions 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 Pivot Technology Solutions 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 Pivot Technology Solutions.

OTCPK:PVVT.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 1 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:PVVT.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
IT Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.064 (1 + (1- 26.5%) (312.16%))
2.679
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:PVVT.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Pivot Technology Solutions 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:PVVT.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 14.65%)
2019 46.89 Est @ 0.83% 40.90
2020 47.55 Est @ 1.4% 36.17
2021 48.40 Est @ 1.8% 32.12
2022 49.41 Est @ 2.08% 28.60
2023 50.53 Est @ 2.27% 25.51
2024 51.75 Est @ 2.41% 22.79
2025 53.05 Est @ 2.51% 20.37
2026 54.42 Est @ 2.57% 18.23
2027 55.84 Est @ 2.62% 16.32
2028 57.32 Est @ 2.65% 14.61
Present value of next 10 years cash flows $255.61
OTCPK:PVVT.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $57.32 × (1 + 2.73%) ÷ (14.65% – 2.73%)
$494.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $494.03 ÷ (1 + 14.65%)10
$125.90
OTCPK:PVVT.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $255.61 + $125.90
$381.50
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $381.50 / 39.47
$12.64
OTCPK:PVVT.F Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:PTG)
1.333
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $9.67 x 1.333
CA$12.88
Non-primary Listing Adjustment Factor 1 share in OTCPK:PVVT.F represents 0.76457x of TSX:PTG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.76457x
Value per Share
(Listing Adjusted, USD)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 12.88 x 0.76457
$9.85
Value per share (USD) From above. $9.85
Current discount Discount to share price of $0.97
= -1 x ($0.97 - $9.85) / $9.85
90.1%

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

Current Discount
Amount off the current price Pivot Technology Solutions is available for.
Intrinsic value
>50%
Share price is $0.97 vs Future cash flow value of $9.85
Current Discount Checks
For Pivot Technology Solutions to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Pivot Technology Solutions's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Pivot Technology Solutions's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Pivot Technology Solutions's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pivot Technology Solutions's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:PVVT.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-0.20
TSX:PTG Share Price ** TSX (2019-03-20) in CAD CA$1.27
TSX:PTG Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.75 $0.95
United States of America IT Industry PE Ratio Median Figure of 78 Publicly-Listed IT Companies 30.36x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

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

** Primary Listing of Pivot Technology Solutions.

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

= TSX:PTG Share Price ÷ EPS (both in USD)

= 0.95 ÷ -0.20

-4.86x

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

  • Pivot Technology Solutions is loss making, we can't compare its value to the US IT industry average.
  • Pivot Technology Solutions 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 Pivot Technology Solutions's expected growth come at a high price?
Raw Data
OTCPK:PVVT.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
United States of America IT Industry PEG Ratio Median Figure of 64 Publicly-Listed IT Companies 2.42x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*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 Pivot Technology Solutions, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pivot Technology Solutions's assets?
Raw Data
OTCPK:PVVT.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $0.12
TSX:PTG Share Price * TSX (2019-03-20) in CAD CA$1.27
TSX:PTG Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.75 $0.95
United States of America IT Industry PB Ratio Median Figure of 122 Publicly-Listed IT Companies 4.43x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
OTCPK:PVVT.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:PTG Share Price ÷ Book Value per Share (both in USD)

= 0.95 ÷ 0.12

7.68x

* Primary Listing of Pivot Technology Solutions.

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

  • Pivot Technology Solutions is overvalued based on assets compared to the US IT industry average.
X
Value checks
We assess Pivot Technology Solutions'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 IT 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 IT industry average (and greater than 0)? (1 check)
  5. Pivot Technology Solutions has a total score of 2/6, 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.

Future Performance

 How is Pivot Technology Solutions expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
96.9%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is Pivot Technology Solutions expected to grow at an attractive rate?
  • Pivot Technology Solutions's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Pivot Technology Solutions's earnings growth is expected to exceed the United States of America market average.
  • Pivot Technology Solutions'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:PVVT.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:PVVT.F Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 96.9%
OTCPK:PVVT.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -1.1%
United States of America IT Industry Earnings Growth Rate Market Cap Weighted Average 15.7%
United States of America IT Industry Revenue Growth Rate Market Cap Weighted Average 9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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:PVVT.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:PVVT.F Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,393 1
2020-12-31 1,359 1
2019-12-31 1,319 1
2018-12-31 1,384 1
OTCPK:PVVT.F Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 1,471 49 -8
2018-06-30 1,539 -9 -6
2018-03-31 1,558 -25 -4
2017-12-31 1,512 11 -6
2017-09-30 1,506 0 -1
2017-06-30 1,483 28 -3
2017-03-31 1,456 65 -5
2016-12-31 1,466 25 -5
2016-09-30 1,492 49 -1
2016-06-30 1,541 11 -1
2016-03-31 1,525 18 2
2015-12-31 1,489 26 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pivot Technology Solutions's earnings are expected to grow significantly at over 20% yearly.
  • Pivot Technology Solutions'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:PVVT.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Pivot Technology Solutions Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:PVVT.F Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.28 0.28 0.28 1.00
2020-12-31 0.08 0.08 0.08 1.00
2019-12-31 0.01 0.01 0.01 1.00
2018-12-31 -0.14 -0.14 -0.14 1.00
OTCPK:PVVT.F Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -0.20
2018-06-30 -0.15
2018-03-31 -0.11
2017-12-31 -0.15
2017-09-30 -0.02
2017-06-30 -0.07
2017-03-31 -0.13
2016-12-31 -0.12
2016-09-30 -0.03
2016-06-30 -0.01
2016-03-31 0.05
2015-12-31 0.06

*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 Pivot Technology Solutions will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Pivot Technology Solutions'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.
Pivot Technology Solutions 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.

Past Performance

  How has Pivot Technology Solutions 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 Pivot Technology Solutions's growth in the last year to its industry (IT).
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.
  • Pivot Technology Solutions does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Pivot Technology Solutions's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Pivot Technology Solutions's 1-year growth to the US IT industry average as it is not currently profitable.
Earnings and Revenue History
Pivot Technology Solutions'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 Pivot Technology Solutions Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:PVVT.F Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 1,471.41 -8.05 147.63
2018-06-30 1,539.09 -6.21 146.60
2018-03-31 1,558.48 -4.39 146.76
2017-12-31 1,511.64 -6.06 144.63
2017-09-30 1,506.24 -0.69 146.88
2017-06-30 1,482.64 -2.97 147.88
2017-03-31 1,455.61 -5.28 149.73
2016-12-31 1,465.97 -4.94 150.61
2016-09-30 1,492.16 -1.27 148.98
2016-06-30 1,541.20 -0.64 146.76
2016-03-31 1,525.37 2.31 144.62
2015-12-31 1,488.96 2.54 138.96
2015-09-30 1,446.25 -1.19 135.11
2015-06-30 1,391.45 2.03 132.42
2015-03-31 1,336.28 -0.37 127.56
2014-12-31 1,359.23 1.53 125.93
2014-09-30 1,319.76 -0.96 120.03
2014-06-30 1,286.30 -0.97 116.68
2014-03-31 1,305.27 -1.67 115.37
2013-12-31 1,240.22 -4.82 112.58
2013-09-30 1,230.89 -9.64 113.42
2013-06-30 1,257.73 -18.21 112.34
2013-03-31 1,405.13 -22.09 108.35
2012-12-31 1,429.58 -22.10 102.58
2012-09-30 1,358.16 -16.84 92.71

*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 Pivot Technology Solutions has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Pivot Technology Solutions has efficiently used its assets last year compared to the US IT industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Pivot Technology Solutions 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 Pivot Technology Solutions'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 IT 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.
Pivot Technology Solutions 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.

Health

 How is Pivot Technology Solutions'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 Pivot Technology Solutions's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pivot Technology Solutions's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Pivot Technology Solutions's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Pivot Technology Solutions'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.7x 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 Pivot Technology Solutions Company Filings, last reported 5 months ago.

OTCPK:PVVT.F Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 8.33 117.38 7.41
2018-06-30 12.41 177.04 4.28
2018-03-31 14.17 142.81 3.98
2017-12-31 17.52 158.78 5.25
2017-09-30 21.62 154.11 5.71
2017-06-30 23.45 164.44 9.66
2017-03-31 23.48 113.33 7.67
2016-12-31 29.09 163.74 8.15
2016-09-30 28.39 145.59 7.54
2016-06-30 32.86 190.56 18.85
2016-03-31 34.53 174.59 14.50
2015-12-31 39.02 177.35 7.98
2015-09-30 33.01 254.36 12.54
2015-06-30 36.37 175.29 11.64
2015-03-31 33.67 174.35 8.76
2014-12-31 37.24 190.13 8.53
2014-09-30 34.92 162.52 9.66
2014-06-30 34.30 159.04 16.20
2014-03-31 34.04 143.14 9.56
2013-12-31 35.71 141.06 22.02
2013-09-30 35.87 126.87 16.25
2013-06-30 35.25 129.23 5.21
2013-03-31 35.69 97.80 10.49
2012-12-31 -45.64 203.59 16.55
2012-09-30 -40.67 228.26 24.70
  • Pivot Technology Solutions's level of debt (1408.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (354.1% vs 1408.7% today).
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.

  • Whilst loss making Pivot Technology Solutions has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Pivot Technology Solutions has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 4.2% per year.
X
Financial health checks
We assess Pivot Technology Solutions'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. Pivot Technology Solutions has a total score of 3/6, 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.

Dividends

 What is Pivot Technology Solutions'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
12.49%
Current annual income from Pivot Technology Solutions dividends.
If you bought $2,000 of Pivot Technology Solutions shares you are expected to receive $250 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?
  • Pivot Technology Solutions's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Pivot Technology Solutions's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
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:PVVT.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 1 Analyst Estimates (S&P Global) See Below
United States of America IT Industry Average Dividend Yield Market Cap Weighted Average of 33 Stocks 1.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 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 3.6%

Industry and Market average data is calculated daily.

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

OTCPK:PVVT.F Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2018-12-31
OTCPK:PVVT.F Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-12 0.119 13.059
2018-10-31 0.117 15.555
2018-08-14 0.121 11.955
2018-05-14 0.120 8.257
2018-02-20 0.122 7.776
2017-11-14 0.124 7.409
2017-11-13 0.126 6.753
2017-08-08 0.124 6.374
2017-02-21 0.116 8.409
2016-11-21 0.118 9.680
2016-08-22 0.118 9.009
2016-05-05 0.121 9.392
2016-02-16 0.086 7.008
2015-11-23 0.082 5.671
2015-08-21 0.089 5.539
2015-04-24 0.091 5.687

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

  • Pivot Technology Solutions has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Pivot Technology Solutions only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Pivot Technology Solutions'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 Pivot Technology Solutions'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 Pivot Technology Solutions afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pivot Technology Solutions 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.

Management

 What is the CEO of Pivot Technology Solutions'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
Kevin Shank
COMPENSATION $1,011,648
TENURE AS CEO 2.8 years
CEO Bio

Mr. Kevin A. Shank has been the Chief Executive Officer of Pivot Technology Solutions, Inc. since May 1, 2016 and has also been its President since January 12, 2016. Mr. Shank joined Services at CompuCom Systems, Inc in 2004 and served as its Executive Vice President. He served as the Chief Services Officer of CompuCom Systems, Inc. and also served as its Senior Vice President of Services Sales & Delivery. Mr. Shank served as Vice President of Service and Delivery of Compucom Systems Inc. Mr. Shank was responsible for leading the sales and service delivery functions for CompuCom's IT Outsourcing business with existing clients in the United States. Prior to being named to this position, Mr. Shank led sales and operations for CompuCom Systems’ largest services region, which comprised the GE and the Central and Eastern U.S. accounts. He joined CompuCom with the acquisition of GE’s IT Solutions (GE ITS) division in November 2004. At GE ITS, he led sales and operations for the vertical organizations, GE ITS’ largest services region. During his eight-year tenure with GE, Mr. Shank also co-led the commercial launch of a strategic joint venture between GE and an India- and Mexico-based organization that provided IT infrastructure services. Over the past decade, Mr. Shank has developed extensive expertise in building strong, productive teams, as well as creating and implementing go-to-market strategies for vertical market segments. He led a services sales training session across the business and assisted in the development of a PC utility-based program that CompuCom now offers to its clients. He began his career in the IT industry during his college years, when he worked as a marketing co-op student at IBM. Mr. Shank has been Director of Pivot Technology Solutions, Inc. since June 21, 2016. He won a number of performance-based awards in various sales and management areas during his tenure at GE and currently holds a Six Sigma Green Belt and ITIL Foundations certifications. Mr. Shank has 20 years of senior leadership experience in the IT industry. Mr. Shank graduated with a Dual Bachelor’S Degree in finance and marketing from Indiana University, where he was an NCAA Academic All-American.

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

Average tenure of the Pivot Technology Solutions management team in years:

1.8
Average Tenure
  • The average tenure for the Pivot Technology Solutions management team is less than 2 years, this suggests a new team.
Management Team

Kevin Shank

TITLE
President
COMPENSATION
$1M
TENURE
2.8 yrs

Dave Toews

TITLE
Chief Financial Officer
COMPENSATION
$314K
AGE
50
TENURE
1.8 yrs

Matt Olson

TITLE
Chief Operating Officer
COMPENSATION
$474K
TENURE
0.4 yrs

Matthew Girardot

TITLE
Chief Legal Officer
COMPENSATION
$389K
TENURE
2.9 yrs

Kurt Steinhauer

TITLE
Chief Executive Officer of Smart-Edge
COMPENSATION
$1M

Mike Flanagan

TITLE
CIO & CTO
TENURE
1.2 yrs

John Flores

TITLE
Vice President of Marketing
TENURE
4.6 yrs

Mary Tullao

TITLE
Vice President and Corporate Controller

Scott Ward

TITLE
Executive Vice President of Business Alliance Company
TENURE
1.2 yrs

Ryan Grant

TITLE
President of ARC Acquisition (US) Inc
COMPENSATION
$878K
Board of Directors Tenure

Average tenure and age of the Pivot Technology Solutions board of directors in years:

3
Average Tenure
63.5
Average Age
  • The average tenure for the Pivot Technology Solutions board of directors is less than 3 years, this suggests a new board.
Board of Directors

Wade Dawe

TITLE
Chairman of the Board
COMPENSATION
$161K
AGE
48
TENURE
3.2 yrs

Kevin Shank

TITLE
President
COMPENSATION
$1M
TENURE
2.8 yrs

Matthew Girardot

TITLE
Chief Legal Officer
COMPENSATION
$389K
TENURE
1.8 yrs

Stephen Moore

TITLE
Director
COMPENSATION
$142K
AGE
64
TENURE
7.2 yrs

M. Smith

TITLE
Director
COMPENSATION
$133K
AGE
63
TENURE
1.8 yrs

John Anderson

TITLE
Director
COMPENSATION
$147K
AGE
72
TENURE
7.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
19. Nov 18 Buy Brigus Capital Incorporated Company 16. Nov 18 16. Nov 18 106,250 $0.82 $87,239
23. Nov 18 Buy John Anderson Individual 21. Nov 18 21. Nov 18 10,000 $0.82 $8,178
23. Nov 18 Buy David Toews Individual 21. Nov 18 21. Nov 18 5,500 $0.86 $4,719
20. Nov 18 Buy David Toews Individual 19. Nov 18 20. Nov 18 47,400 $0.88 $40,760
19. Nov 18 Buy Kevin Shank Individual 16. Nov 18 16. Nov 18 20,000 $0.82 $16,410
19. Nov 18 Buy David Toews Individual 16. Nov 18 16. Nov 18 18,800 $0.84 $15,287
19. Nov 18 Buy M. Smith Individual 16. Nov 18 16. Nov 18 25,000 $0.82 $20,485
28. Sep 18 Buy Kevin Shank Individual 28. Sep 18 28. Sep 18 20,000 $1.14 $22,635
09. Jul 18 Buy Torrent Capital Ltd. Company 13. Jun 18 13. Jun 18 12,000 $1.54 $18,499
19. Jun 18 Buy Kevin Shank Individual 18. Jun 18 18. Jun 18 13,000 $1.47 $19,135
15. Jun 18 Buy Kevin Shank Individual 14. Jun 18 14. Jun 18 37,000 $1.49 $55,024
18. May 18 Buy Torrent Capital Ltd. Company 17. May 18 17. May 18 25,000 $1.55 $38,666
X
Management checks
We assess Pivot Technology Solutions'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. Pivot Technology Solutions 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.

News

Simply Wall St News

Company Info

Description

Pivot Technology Solutions, Inc. provides IT solutions to businesses, government, and education institutions, and healthcare organizations in North America and Europe. The company operates through ACS, ARC, ProSys, Sigma, and TeraMach segments. The ACS segment provides systems, storage, security, and networking solutions. The ARC segment offers analysis, planning, design, procurement, installation, and consultation services. The ProSys segment provides IT infrastructure, hardware, and software solutions, as well as professional services. The Sigma segment offers implementation, maintenance, data centers, cloud, and mobility services. The TeraMach segment provides technical solutions, staffing, and cloud services. The company serves in IT spectrum, including data centers, unified communications, networking and storage, mobile and handheld devices, laptops and desktops, and computer peripherals. Pivot Technology Solutions, Inc. has a strategic partnership with VIQ Solutions Inc. The company was founded in 2010 and is headquartered in Markham, Canada.

Details
Name: Pivot Technology Solutions, Inc.
PVVT.F
Exchange: OTCPK
Founded: 2010
CA$37,604,166
39,471,643
Website: http://www.pivotts.com
Address: Pivot Technology Solutions, Inc.
55 Renfrew Drive,
Suite 200,
Markham,
Ontario, L3R 8H3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX PTG Common Shares The Toronto Stock Exchange CA CAD 01. Apr 2013
OTCPK PVVT.F Common Shares Pink Sheets LLC US USD 01. Apr 2013
DB PV9N Common Shares Deutsche Boerse AG DE EUR 01. Apr 2013
TSXV PTG Common Shares TSX Venture Exchange CA CAD 01. Apr 2013
Number of employees
Current staff
Staff numbers
770
Pivot Technology Solutions employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:53
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/01/11
Last earnings filing: 2018/11/13
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.