Professional
Added to YB: 2024-04-18
Pitch date: 2024-04-14
CTS.TO [bullish]
Converge Technology Solutions Corp.
+12.31%
current return
Author Info
White Falcon Capital is a value-investing fund that aspires to buy and hold a collection of wonderful publicly listed businesses run by aligned and like-minded managers and owners. Follow on Twitter/X.
Company Info
Converge Technology Solutions Corp., together with its subsidiaries, provides software-enabled IT and cloud solutions in the United States, Canada, Germany, rest of Europe, the United Kingdom, and Ireland.
Market Cap
CAD 1.1B
Pitch Price
CAD 5.33
Price Target
10.60 (+77%)
Dividend
1.01%
EV/EBITDA
9.58
P/E
-6.62
EV/Sales
0.49
Sector
IT Services
Category
growth
White Falcon Capital Management Portfolio Holding: Converge Technology Solutions Corp.
CTS.TO: IT solutions provider turned roll-up focused on integration & organic growth post-M&A. Targeting margin expansion to 7-8% through front/back-end integration, managed services push. Cash conversion to normalize, enabling deleveraging & buybacks. Trades 6.5x EBITDA vs 10x+ potential. Upside: 100%+ in 3 years.
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