mdf commerce Ord Shs T.MDF

Primary Symbol: MECVF

Communication Services

mdf Commerce Inc. is a Canada-based company, which enables the flow of commerce by providing a set of software-as-a-service (SaaS) solutions designed to optimize and accelerate commercial interactions between buyers and sellers. It offers procurement, ecommerce and emarketplace solutions. Its emarketplaces connect buyers and sellers across multiple industries and offer transactional platforms that are safe, secure and increase their business performance. The eprocurement solutions are designed to ensure the required flexibility to respond to the specific needs of its clients and to connect them with supplier networks across North America. The ecommerce solutions serve the needs of businesses of all sizes by providing platforms and services ranging from ERP-connected all-in-one ecommerce solutions to commerce platforms specifically built for complex commercial ecosystems. It operates in Canada, the United States, Ukraine and China.

OTCPK:MECVF - Post by User

mdf commerce Ord Shs > Q2 out

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Comment by Chosekdon Nov 11, 2021 5:50pm

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Post# 34117199

RE:RE:RE:RE:Q2 out

Hard to say if they overpaid it or not. MDF paid US$207.3m or ~9.0x 2020 sales (6.3x 2021, or closer to 4.6x including C$15m of synergies).

Recent comparaisons would be Mercell’s acquisition of Cloudia at 11.1x 2020 and Fortive’s deal for ServiceChannel at 13x 2020/10x 2021E.

I think what market didn't like is MDF was around the same market cap as their acquisition, while MDF got 2.5x more sales. But if Periscope's growth can stand to 30% for the years to come, then the price for the acquisition was all right. Future will tell.

When you say "They wanted to put in much more", how do you know ? Did they say it in a CC or are you an insider yourself ?

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