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Descartes Systems Group Inc T.DSG

Alternate Symbol(s):  DSGX

The Descartes Systems Group Inc. is focused on logistics and supply chain management business processes. It provides on-demand, software-as-a-service (SaaS) solutions focused on improving the security and sustainability of logistics-intensive businesses. The Company allows customers to use its modular, SaaS solutions to route, track and help improve the safety, compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete other logistics processes by participating in the multimodal logistics community. Its solutions include cloud-based and consist of B2B service connectivity and messaging, broker and forwarder enterprise systems, global trade intelligence, regulatory compliance, e-commerce shipping, transportation management and routing. It also provides customs declaration software for logistics services providers and shippers.


TSX:DSG - Post by User

Post by retiredcfon Oct 21, 2024 7:01am
22 Views
Post# 36274254

Assessment

AssessmentDSG has proven itself to be a good compounder. The stock is up about 10-fold in the past decade. It is up 33% this year alone. At 57X earnings, it is certainly not cheap, but it has a strong balance sheet and good growth. The last quarter was mixed, but the forecast is much better. It has a clean balance sheet with $250M net cash. Free cash flow looks good as well. We would be very comfortable buying this. (5iResearch)


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