Topicus.Com Inc V.TOI

Alternate Symbol(s): TOITF

Technology Software - Application

Topicus.com Inc. is a Canada-based provider of vertical market software and vertical market platforms to clients in a select group of public and private sector markets. The Company is engaged principally in the development, installation and customization of software and the provision of related professional services and support for customers across several diverse markets primarily in Europe. Its companies include Total Specific Solutions (TSS) Public and Topicus. Its Topics are engaged in acquiring, developing and managing businesses. Topicus is a provider of consumer centric platforms and common workspaces in the realms of finance, education, healthcare and social services by connecting organizations, professionals and end users. Its TSS software solutions offers its customers financial security, strategic guidance, and share their best practices so that they can be leaders in their respective domains. Its software solutions provide customers with real business value.

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Topicus.Com Inc > Topicus vs Constellation

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Comment by Capharnaumon Jun 26, 2021 4:07pm

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Post# 33456505

RE:RE:RE:RE:RE:Topicus vs Constellation

Alright, for my cashflow projections, I only use cash flows from operations minus changes in working capital (which are usually temporary) and net income tax, then apply a capex cost when required.

For Topicus Q1 2021, I used 163M - 113M (changes in working capital) = 50M. In comparison, on the same basis Q1 2020 was 35M.

50M x 4 = 200M + 55M (dividends on prefs that won't be paid) = 255M per year + 30M in growth from acquisitions = 285M for FY 2021. 285M / 130 = 2.20 $ per share per year.

Same calc for CSU except I didn't put any growth in their cashflows since I wasn't certain of the net impact of Topicus vs their acquisitions getting in.

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