Added to YB: 2026-10-09
Pitch date: 2026-10-05
CTZ.V [bullish]
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 30.6M
Pitch Price
CAD 1.13
Price Target
1.40 (+22%)
Dividend
N/A
EV/EBITDA
6.86
P/E
12.67
EV/Sales
2.66
Sector
Software
Category
value
Cloud software for the business of physical cash: smart safes, armored carriers and cash vaults - NamSys Inc.
CTZ.V (monitor): NamSys is a sticky, 99%-recurring cash-logistics software franchise trading at 12x trailing earnings, 7x EV/EBITDA and an 8.6% free-cash-flow yield despite Q3 revenue reaccelerating 16.5%. The C$1.40 target implies 22% upside, but the preferred timing is after the founder’s family finishes selling its remaining ~20% stake. Risks include shrinking anchor customer Brink’s, declining U.S. cash usage, staffing-related margin pressure and thin liquidity.
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