Information Services Corp IRMTF

Primary Symbol: T.ISV

Information Services Corporation is a Canada-based provider of registry and information management services for public data and records. The Company provides solutions to manage, secure and administer information through its Registry Operations, Services and Technology Solutions segments. Registry Operations segment delivers registry and information services on behalf of governments and private sector organizations. The segment provides registry and information services on behalf of the Province of Saskatchewan. Additionally, through its wholly owned subsidiary, Reamined Systems Inc., it provides property tax assessment services to the Province of Ontario and its municipalities. Services segment delivers products and services that utilize public records and data to provide value to customers in the financial and legal sectors. Technology Solutions segment provides the development, delivery and support of registry (and related) technology solutions.

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Information Services Corp > Saskatchewan registries extension

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Comment by Torontojayon Jul 06, 2023 9:11pm

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Post# 35530181

RE:Saskatchewan registries extension

It is on the higher end of the debt to ebitda ratio but I'm encouraged by the following:

1) they generate $40m in fcf (prior to deal) which can significantly reduce their leverage in a short period of time.

2) most of that incremental ebitda will flow towards fcf and take it well north of $50m per annum.

3) earnings stability given the long term contract

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