Financials Enghouse Systems Limited

Equities

ENGH

CA2929491041

Software

Market Closed - Toronto S.E. Other stock markets 04:00:00 2025-01-14 pm EST			5-day change	1st Jan Change
26.13 ^CAD	-1.95%		-2.43%	-3.54%

Dec. 16	Enghouse Acquires AI Software Company Aculab PLC	MT
Dec. 16	Enghouse Systems Brief: Acquiring Aculab PLC; No Financial Details Given	MT

Projected Income Statement: Enghouse Systems Limited

income-statement-evolution-chart ENGHOUSE-SYSTEMS-LIMITED

Fiscal Period: October	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	503.8	467.2	427.6	454	502.5	521.7	560.6	600
Change	-	-7.27%	-8.47%	6.18%	10.68%	3.83%	7.44%	7.04%
EBITDA ¹	176.8	168.5	140.6	133.8	143.8	150.6	163	180
Change	-	-4.7%	-16.55%	-4.85%	7.46%	4.76%	8.23%	10.42%
EBIT ¹	117.9	113.7	93.9	84.98	94.95	125.5	136.9	171.9
Change	-	-3.53%	-17.43%	-9.5%	11.73%	32.16%	9.12%	25.51%
Interest Paid	-	-1.036	-0.735	-	-	-	-	-
Earnings before Tax (EBT) ¹	121.8	107.4	96.24	87.22	101.3	102.4	110.6	-
Change	-	-11.8%	-10.41%	-9.37%	16.1%	1.17%	7.91%	-100%
Net income ¹	98.59	92.79	94.5	72.25	81.33	88.27	94.97	-
Change	-	-5.88%	1.84%	-23.55%	12.57%	8.53%	7.59%	-100%
Announcement Date	12/17/20	12/16/21	12/15/22	12/14/23	12/12/24	-	-	-

¹CAD in Million

Estimates

Fiscal Period: October	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	110.7	140.9	131.3	120.9	119.1	117.3	117.6	113.1	111.1	106.3	102.1	108.1	106.4	113.5	111	123.1	120.5	125.8	130.5	125.7	126.6	129.5	131.9	132.8	136	142.2	147	149.7
Change	-	27.33%	-6.8%	-7.94%	-1.49%	-1.48%	0.26%	-3.86%	-1.77%	-4.31%	-3.95%	5.83%	-1.5%	6.6%	-2.17%	10.93%	-2.14%	4.42%	3.73%	-3.68%	0.72%	2.31%	1.84%	0.68%	2.39%	4.6%	3.31%	1.87%
EBITDA ¹	35.33	49.28	45.57	46.64	44.52	40.2	41.66	42.12	38.56	33.78	32.49	35.8	32.28	30.19	33.42	37.92	34.73	35.7	37.72	35.63	36.04	37.98	38.43	38.16	39.99	41.03	42.95	44.13
Change	-	39.49%	-7.53%	2.35%	-4.54%	-9.71%	3.65%	1.1%	-8.47%	-12.4%	-3.82%	10.21%	-9.85%	-6.48%	10.69%	13.48%	-8.42%	2.81%	5.66%	-5.54%	1.15%	5.39%	1.19%	-0.7%	4.78%	2.6%	4.69%	2.75%
EBIT ¹	22.34	34.68	30.7	31.74	30.31	26.1	28.58	28.73	26.07	19.18	21.49	24.45	21.08	17.8	21.49	24.6	22.35	22.44	25.88	24.28	29.8	31.24	32.1	32.35	32.22	32.97	35.26	36.54
Change	-	55.23%	-11.48%	3.4%	-4.51%	-13.9%	9.54%	0.5%	-9.27%	-26.44%	12.07%	13.76%	-13.75%	-15.56%	20.72%	14.43%	-9.12%	0.37%	15.36%	-6.19%	22.74%	4.82%	2.76%	0.8%	-0.42%	2.35%	6.94%	3.61%
Charge d'intérêts	-	-	-	-	-0.329	-0.277	-	-	-	-0.196	-0.173	-0.164	-0.167	-0.192	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	20.77	34.91	33.32	32.79	26.16	26.28	27	27.97	26.62	22.09	22.32	25.21	20.68	15.18	21.73	29.64	22.64	24.9	25.47	28.25	25.6	27	26.9	28.4	28.6	28.1	30.4	32
Change	-	68.1%	-4.54%	-1.59%	-20.23%	0.45%	2.76%	3.58%	-4.85%	-17%	1.05%	12.91%	-17.96%	-26.61%	43.19%	36.39%	-23.61%	9.99%	2.27%	10.9%	-9.37%	5.47%	-0.37%	5.58%	0.7%	-1.75%	8.19%	5.26%
Net income ¹	16.14	27.09	25.99	29.37	20.64	20.74	21.23	30.19	21.6	17.87	18.08	36.95	17.02	12.54	17.57	25.12	18.13	19.97	20.58	22.64	21.4	21.6	21.5	23.8	22.9	22.5	24.3	26.2
Change	-	67.88%	-4.05%	13%	-29.72%	0.47%	2.35%	42.21%	-28.45%	-17.25%	1.18%	104.35%	-53.93%	-26.36%	40.13%	43.01%	-27.82%	10.15%	3.03%	10.01%	-5.48%	0.93%	-0.46%	10.7%	-3.78%	-1.75%	8%	7.82%
Announcement Date	3/5/20	6/4/20	9/10/20	12/17/20	3/11/21	6/10/21	9/9/21	12/16/21	3/3/22	6/7/22	9/8/22	12/15/22	3/9/23	6/12/23	9/7/23	12/14/23	3/13/24	6/10/24	9/5/24	12/12/24	-	-	-	-	-	-	-	-

¹CAD in Million

Estimates

Forecast Balance Sheet: Enghouse Systems Limited

balance-sheet-analysis-chart ENGHOUSE-SYSTEMS-LIMITED

Fiscal Period: October	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-210	-171	-208	-228	-262	-273	-273	-346
Change	-	-181.43%	-221.64%	-209.62%	-214.91%	-204.37%	-200%	-226.74%
Announcement Date	12/17/20	12/16/21	12/15/22	12/14/23	12/12/24	-	-	-

¹CAD in Million

Estimates

Cash Flow Forecast: Enghouse Systems Limited

Fiscal Period: October	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	2.54	3.333	0.919	1.06	1.977	2	2
Change	-	31.22%	-72.43%	15.34%	86.51%	1.16%	0%
Free Cash Flow (FCF) ¹	165.6	115.1	102.3	114.2	130.1	115.4	136.5
Change	-	-30.48%	-11.17%	11.71%	13.88%	-11.26%	18.23%
Announcement Date	12/17/20	12/16/21	12/15/22	12/14/23	12/12/24	-	-

¹CAD in Million

Estimates

Forecast Financial Ratios: Enghouse Systems Limited

Fiscal Period: October	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	35.1%	36.07%	32.89%	29.47%	28.61%	28.87%	29.08%	30%
EBIT Margin (%)	23.4%	24.34%	21.96%	18.72%	18.9%	24.05%	24.43%	28.65%
EBT Margin (%)	24.18%	22.99%	22.51%	19.21%	20.15%	19.64%	19.72%	-
Net margin (%)	19.57%	19.86%	22.1%	15.91%	16.18%	16.92%	16.94%	-
FCF margin (%)	32.87%	24.64%	23.92%	25.16%	25.89%	22.13%	24.35%	-
FCF / Net Income (%)	167.97%	124.07%	108.22%	158.12%	159.96%	130.8%	143.73%	-
Profitability
ROA	-	-	-	-	-	-	-	-
ROE	21.95%	-	-	-	14.13%	14.79%	15.1%	15.67%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	0.5%	0.71%	0.21%	0.23%	0.39%	0.38%	0.36%	-
CAPEX / EBITDA (%)	1.44%	1.98%	0.65%	0.79%	1.37%	1.33%	1.23%	-
CAPEX / FCF (%)	1.53%	2.9%	0.9%	0.93%	1.52%	1.73%	1.47%	-
Items per share
Cash flow per share ¹	3.019	2.119	-	-	-	-	-	-
Change	-	-29.8%	-	-	-	-	-	-
Dividend per Share ¹	0.515	2.14	0.74	-	1	1.12	1.28	1.44
Change	-	315.53%	-65.42%	-	-	12%	14.29%	12.5%
Book Value Per Share ¹	-	-	-	-	10.76	11.26	11.68	12.04
Change	-	-	-	-	-	4.66%	3.74%	3.08%
EPS ¹	1.77	1.66	1.7	1.31	1.47	1.59	1.705	1.8
Change	-	-6.21%	2.41%	-22.94%	12.21%	8.18%	7.22%	5.54%
Nbr of stocks (in thousands)	55,349	55,533	55,263	55,257	55,367	55,274	55,274	55,274
Announcement Date	12/17/20	12/16/21	12/15/22	12/14/23	12/12/24	-	-	-