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Bullboard - Stock Discussion Forum Clairvest Group Inc T.CVG

Alternate Symbol(s):  CVTGF

Clairvest Group Inc. is a Canada-based private equity management company. The Company is specialized in partnering with management teams and other stakeholders of both emerging and established companies. It seeks to form mutually beneficial investments with entrepreneurial businesses. It invests its own capital, and that of third parties, through Clairvest Equity Partners III Limited... see more

TSX:CVG - Post Discussion

Clairvest Group Inc > Estimating potential future returns
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Post by Torontojay on Jan 13, 2024 9:05am

Estimating potential future returns

The company rewards shareholders by paying some dividends, growing its book value and buying back its shares. Over the last 5 years, the total "fundamental" returns  to shareholders is 12.27% compounded annually. If the company can repeat this performance going forward and price to book multiples remain unchanged, then shareholders would receive similar returns in the future.  Currently the company is trading slightly below book value which provides further potential if this multiple re-rates higher. 

Over the last 3 years total fundamental returns to shareholders is 13.77% 

Fundamental returns attempts to eliminate changes to earnings multiples and focuses solely on earnings, dividends and share buybacks.

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