Sangoma Technologies Corp T.STC

Fiscal 2023 - SP target

[Captain71]

For fiscal 2023, I’m taking the CEO’s mean estimate of Revenue 280 mil and EBITA 50 mil. Also estimating EPS of -0.33 (CFRA report).
 
With the further reduced tech valuations that gives me a 2023 fair value of $8.20 US.
 
Of course I don’t know if valuations will continue to get worst but I’m thinking as soon as we get a confirmation that inflation has peaked we should see improved investor confidence in this sector. Please correct me if I’m wrong but a minor recession (if it happens) should not have a major impact on sales or services for STC.
 
CFRA is estimating EPS of -0.10 for 2024, and that can easily turn into a positive estimate as the economy starts to improve.
 
Don’t get me wrong I am completely disgusted (and far less wealthy) with the underperformance of this company. Will be great when we see quarterly reports again that investors are excited about and analysts start increasing instead of decreasing the price targets. Hopefully that starts to happen in the not too distant future.
 
GLTA

[masfortuna]

Hi Captain. As an fyi, I think 2023 may be a better year for tech in general BUT at this point I am not sure if STC is going to be a "turn around story" in 2023.  i think possibly 2024 but maybe later.  In other words , this is dead money for a couple of years. GL!

[Captain71]

I agree it may be fiscal 2024 before we see the financial improvements many investors are looking for. With that being said I hope to start seeing some improvement in fiscal 2023. So with fiscal 2024 beginning in July 2023 and the market usually looking ahead, we may see some SP improvement sooner than we think.   I do disagree however on calling STC a “turn around” story. Unlike many

[Torontojay]

Core Cpi will peak with the September data and therefore moderate to a 4-6% range thereafter. If month over month numbers for September reach 0.50% then core Cpi will reach a peak of about 6.6%.    Historically speaking, core Cpi does a much better job at predicting market bottoms than many other indicators including Cpi. I've looked at all recessions post world war 2 and the