IBI Group Inc T.IBG.DB.E

Comment on the performance numbers

[Oakboy1110]

For the 12 months ending Sept 30/21, IBI Group outperformed Stantec on most metrics EXCEPT FOR SHARE PRICE. 
We all have many reasons why IBI is not recognized but if the company continues to perform as they did in this 3rd quarter, the market hopefully will start to value IBI more in line with its peers.

It should be noted that IBI had a diastrous quarter ending Dec 31, 20 reporting a loss of 2 cents per share(dragged down by an impairment charge against one of its rental properties and a negative adj re the adj to market re the convertibles(now redeemed). Adj EBITDA was 13.9%. If they can have a fourth quarter more like this past quarter, the annual performance numbers will be better.

Just extraploating some numbers-  IF IBI WERE TO TRADE AT STANTEC NUMBERS 
                                                                        IBI SHARE PRICE WOULD BE

PRICE/SALES-2.1                                                            $24.02
PRICE/ADJ EBITDA.                                                        $23.90
EARNINGS PER SHARE.                                                $15.60