Added to YB: 2026-07-16
Pitch date: 2026-07-14
CTZ.V [neutral]
NamSys Inc.
Author Info
No bio for this author
Company Info
NamSys Inc. provides software solutions for currency management and processing for the banking and merchant industries in North America.
Market Cap
CAD 30.9M
Pitch Price
CAD 1.16
Price Target
1.65 (+47%)
Dividend
N/A
EV/EBITDA
7.11
P/E
12.78
EV/Sales
2.87
Sector
Software
Category
value
NamSys ($CTZ.V) — Q2 2026
CTZ.V (earnings): Cash mgmt software niche. Q2 rev +6% (98.8% recurring); H1 +8% organic. Mexico +46% YoY key driver. Debt-free, $7.37M net cash, special $4.03M dividend + buybacks. Warning: gross margin -4.7pts (2nd qtr) on hires; net income +17.5% inflated by $118K FX. 37% rev from 3 clients, 90d+ receivables +87%. ~3x EV/Rev, 7.1x EV/EBITDA, 12.2x P/E; 40% op margin. Base $1.20-1.30, bull $1.55-1.65, bear $0.90-1.00. Low liquidity. 6.5/10.
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