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Converge Technology Solutions Corp T.CTS

Alternate Symbol(s):  CTSDF

Converge Technology Solutions Corp. is a services-led, software-enabled, information technology (IT) and cloud solutions provider. Its global approach delivers advanced analytics, artificial intelligence (AI), application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. It supports these solutions with advisory, implementation, and managed services across all IT vendors in the marketplace. Its segments include Converge Hybrid IT Solutions (Converge), and Portage Software-as-a-Solution (SaaS) Solutions. Converge is focused on delivering advanced analytics, application modernization, cloud, cybersecurity, digital infrastructure, digital workplace, and managed services offerings and provision of hardware and software products and solutions to clients across various industries and organizations. SaaS is focused on digital transactions between individuals, businesses, and government organizations.


TSX:CTS - Post by User

Comment by retiredcfon Aug 13, 2022 9:01am
216 Views
Post# 34893768

RE:More Support

RE:More SupportYet another comment. GLTA

Can you tell me the valuation ratios for Converge Technology and how they compare to competitors? 

CTS currently trades at 14x forward earnings (P/E), 0.5x sales and 8.3x EV/EBITDA. This compares to Canadian peers like SFTC, GIB, and ALYA who trade in the 10-12x EV/EBITDA and 17x-40x range for P/E. Given CTS's revenue growth and profitability, it looks attractive to us compared to its peers. (5iResearch)

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