Avante Corp V.XX

Alternate Symbol(s): ALXXF

Consumer Cyclical Personal Services

Avante Corp. is a provider of technology-enabled security services. The Company's activities are conducted through its subsidiary, Avante Security Inc, which offers residential and condominium customers in Toronto and Muskoka, Ontario, through the use of technology and a focus on client service. Its business provides a complete offering ranging from system design, sales, installations, and monitoring to services, such as alarm response and patrols, personal protection, house staff training, and secure transportation. It has a specialized skillset in security integration, monitoring and electronic building management. It also provides consulting and installation of automation and security solutions for the residential market. Its signature offerings are its Rapid Alarm Response services, and its Intelligent Perimeter Protection Video Analytics. It also provides Closed Circuit Television (CCTV), access control and security services for traveling executives.

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Avante Corp > Trading way too low

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Comment by Stonksonlyup90on Feb 15, 2022 2:57pm

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Post# 34431109

RE:RE:RE:RE:RE:Trading way too low

Hmmm interesting @knicksman - thanks for the #s.

My preference is to look at it on an EV/EBITDA basis - so would add the $28M in net debt to the market cap - total of $88M.

So, more conservatively 8.8x EV/EBITDA. Although, certainly generating FCF and reducing debt at a pretty fast clip (10% EBITDA conversion on $100M of revenue = $10M per year).

I do think there will be additional bolt-on transactions over time as well. No solely a 'physical security guard" type business and maybe expanding into other verticals

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