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mdf commerce Ord Shs MECVF

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

Post by davgroon Oct 06, 2022 12:32pm
213 Views
Post# 35009740

National Bank Raises MDF Target to $3

National Bank Raises MDF Target to $3National Bank Assesses MDF Commerce's Sale of InterTrade Systems Raises Target to $3

2022-10-05 02:03:50 PM ET (MT Newswires)

02:03 PM EDT, 10/05/2022 (MT Newswires) -- MDF Commerce announced that it closed the sale of its wholly owned subsidiary - InterTrade Systems to SPS Commerce for gross proceeds of $65.8 million (US$48.5 million) in an all-cash transaction.
 
"In our view, that's an attractive valuation given the growth profile of this business (~5% Y/Y in FQ1'2023)," writes National Bank analyst Richard Tse, who has a moderate view on MDF. "We view this transaction positively in that it deleverages MDF Commerce's balance sheet, while honing its focus on its two core platforms of ecommerce and eprocurement."
 
Still, it is premature to conclude the remaining businesses are fundamentally undervalued as the divested business had a mid-20s EBITDA margin (NBFe); as such, the divestiture will have a negative impact the company's EBITDA profile, Tse notes.
 
Maintain Sector Perform. Target raised to $3 (from $2).
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