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. provides software-enabled IT and cloud solutions. Its products and services include advanced analytics, artificial intelligence (AI), application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings.
Market Cap
CAD 1.1B
Pitch Price
CAD 5.33
Price Target
10.60 (+77%)
Dividend
N/A
EV/EBITDA
9.62
P/E
-6.66
EV/Sales
0.50
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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