TSX:IBG.DB.E - Post by User
Comment by
Calgaryrideron Mar 10, 2022 7:55pm
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Post# 34505018
RE:Q4 2021 Earnings Out looks decent
RE:Q4 2021 Earnings Out looks decent Great quarter. They'll get criticized for modest (as usual) future year projections, but they aim low and allways over deliver....even this past quarter.
$20M in cash flow. Total debt of $22M, so just ONE QUARTER's worth of debt left.
Astonishing! They are essentially forced to address how they plan to deploy capital this year....and every year.
Cash is king, yes, but nobody wants a balance sheet flush with it.
Dividend? Escalating Buybacks? More tuck-ins?
Stantec - Nearest Competitors - has 0% Growth and is trading at 2x Sales and P/E of 26.
IBG has 13% growth and is trading at just 1x Sales and P/E of 22!
Steady as she goes!
CR