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Calian Group

TSX:CGY
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CGY
TSX
CA$289M
Market Cap
  1. Home
  2. CA
  3. Commercial Services
Company description

Calian Group Ltd. provides systems engineering, manufacturing, training, information technology (IT), and healthcare solutions to industries and government in Canada, the United States, Europe, and internationally. The last earnings update was 97 days ago. More info.


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CGY Share Price and Events
7 Day Returns
-2.7%
TSX:CGY
1.6%
CA Commercial Services
1.1%
CA Market
1 Year Returns
33.3%
TSX:CGY
-6.3%
CA Commercial Services
6.6%
CA Market
CGY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Calian Group (CGY) -2.7% 8.6% 7.8% 33.3% 53.9% 102.2%
CA Commercial Services 1.6% 5.5% 0.9% -6.3% 3.2% -27.7%
CA Market 1.1% 2.5% 2.8% 6.6% 8.7% 8.7%
1 Year Return vs Industry and Market
  • CGY outperformed the Commercial Services industry which returned -6.3% over the past year.
  • CGY outperformed the Market in Canada which returned 6.6% over the past year.
Price Volatility
CGY
Industry
5yr Volatility vs Market

CGY Value

 Is Calian Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Calian Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Calian Group.

TSX:CGY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.7%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:CGY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.66
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.66 (1 + (1- 26.5%) (4.16%))
0.786
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (0.8 * 5.96%)
6.72%

Discounted Cash Flow Calculation for TSX:CGY using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Calian Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

TSX:CGY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 6.72%)
2020 19.31 Analyst x3 18.09
2021 23.11 Analyst x1 20.29
2022 24.55 Est @ 6.23% 20.20
2023 25.76 Est @ 4.94% 19.86
2024 26.80 Est @ 4.04% 19.36
2025 27.72 Est @ 3.42% 18.77
2026 28.54 Est @ 2.97% 18.11
2027 29.30 Est @ 2.67% 17.42
2028 30.02 Est @ 2.45% 16.73
2029 30.71 Est @ 2.3% 16.03
Present value of next 10 years cash flows CA$184.00
TSX:CGY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$30.71 × (1 + 1.95%) ÷ (6.72% – 1.95%)
CA$656.63
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$656.63 ÷ (1 + 6.72%)10
CA$342.82
TSX:CGY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$184.00 + CA$342.82
CA$526.82
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$526.82 / 7.93
CA$66.44
TSX:CGY Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$66.44
Current discount Discount to share price of CA$36.40
= -1 x (CA$36.40 - CA$66.44) / CA$66.44
45.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Calian Group is available for.
Intrinsic value
45%
Share price is CA$36.4 vs Future cash flow value of CA$66.44
Current Discount Checks
For Calian Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Calian Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Calian Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Calian Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Calian Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:CGY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CAD CA$2.00
TSX:CGY Share Price ** TSX (2019-11-12) in CAD CA$36.4
Canada Commercial Services Industry PE Ratio Median Figure of 9 Publicly-Listed Commercial Services Companies 12.92x
Canada Market PE Ratio Median Figure of 515 Publicly-Listed Companies 14.64x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Calian Group.

TSX:CGY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:CGY Share Price ÷ EPS (both in CAD)

= 36.4 ÷ 2.00

18.16x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Calian Group is overvalued based on earnings compared to the CA Commercial Services industry average.
  • Calian Group is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does Calian Group's expected growth come at a high price?
Raw Data
TSX:CGY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
17%per year
North America Commercial Services Industry PEG Ratio Median Figure of 37 Publicly-Listed Commercial Services Companies 1.39x
Canada Market PEG Ratio Median Figure of 232 Publicly-Listed Companies 1.05x

*Line of best fit is calculated by linear regression .

TSX:CGY PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.16x ÷ 17%

1.07x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Calian Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Calian Group's assets?
Raw Data
TSX:CGY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CAD CA$13.74
TSX:CGY Share Price * TSX (2019-11-12) in CAD CA$36.4
Canada Commercial Services Industry PB Ratio Median Figure of 21 Publicly-Listed Commercial Services Companies 0.85x
Canada Market PB Ratio Median Figure of 2,291 Publicly-Listed Companies 1.27x
TSX:CGY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:CGY Share Price ÷ Book Value per Share (both in CAD)

= 36.4 ÷ 13.74

2.65x

* Primary Listing of Calian Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Calian Group is overvalued based on assets compared to the CA Commercial Services industry average.
X
Value checks
We assess Calian Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Calian Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CGY Future Performance

 How is Calian Group expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Calian Group expected to grow at an attractive rate?
  • Calian Group's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Calian Group's earnings growth is expected to exceed the Canada market average.
  • Calian Group's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:CGY Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:CGY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 17%
TSX:CGY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 7.2%
Canada Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 59.7%
Canada Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 10%
Canada Market Earnings Growth Rate Market Cap Weighted Average 11.2%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:CGY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:CGY Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-09-30 389 26 1
2020-09-30 373 25 19 4
2019-11-12
2019-09-30 344 18 16 4
TSX:CGY Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-06-30 331 23 16
2019-03-31 315 20 15
2018-12-31 309 20 15
2018-09-30 305 11 16
2018-06-30 299 0 16
2018-03-31 293 6 16
2017-12-31 283 14 16
2017-09-30 275 25 15
2017-06-30 272 31 14
2017-03-31 278 29 15
2016-12-31 279 23 14
2016-09-30 275 15 14

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Calian Group's earnings are expected to grow by 17% yearly, however this is not considered high growth (20% yearly).
  • Calian Group's revenue is expected to grow by 7.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:CGY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Calian Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:CGY Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-09-30
2020-09-30 2.41 2.43 2.38 2.00
2019-11-12
2019-09-30 2.08 2.13 2.03 2.00
TSX:CGY Past Financials Data
Date (Data in CAD Millions) EPS *
2019-06-30 2.00
2019-03-31 1.96
2018-12-31 1.97
2018-09-30 2.08
2018-06-30 2.12
2018-03-31 2.07
2017-12-31 2.12
2017-09-30 2.03
2017-06-30 1.92
2017-03-31 1.98
2016-12-31 1.87
2016-09-30 1.83

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Calian Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Calian Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Calian Group has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CGY Past Performance

  How has Calian Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Calian Group's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Calian Group's year on year earnings growth rate has been positive over the past 5 years.
  • Calian Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Calian Group's 1-year earnings growth is negative, it can't be compared to the CA Commercial Services industry average.
Earnings and Revenue History
Calian Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Calian Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:CGY Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 330.56 15.64 40.33
2019-03-31 314.75 15.24 38.00
2018-12-31 308.71 15.25 36.21
2018-09-30 304.96 16.08 34.56
2018-06-30 298.85 16.28 33.61
2018-03-31 293.20 15.88 32.09
2017-12-31 282.89 16.19 30.58
2017-09-30 275.42 15.39 29.43
2017-06-30 271.86 14.44 28.53
2017-03-31 277.72 14.83 28.02
2016-12-31 278.76 13.91 27.48
2016-09-30 274.59 13.59 26.82
2016-06-30 266.77 13.09 25.96
2016-03-31 257.84 11.42 25.07
2015-12-31 250.79 10.36 24.64
2015-09-30 242.25 9.77 24.29
2015-06-30 235.74 9.47 23.82
2015-03-31 225.31 10.12 23.61
2014-12-31 215.46 10.27 23.03
2014-09-30 211.26 10.58 22.74
2014-06-30 214.33 11.03 22.08
2014-03-31 218.61 11.44 22.37
2013-12-31 226.36 12.43 23.07
2013-09-30 232.46 13.06 23.65
2013-06-30 233.10 13.40 25.09
2013-03-31 234.32 13.60 25.72
2012-12-31 237.02 13.92 26.03

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Calian Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Calian Group used its assets more efficiently than the CA Commercial Services industry average last year based on Return on Assets.
  • Calian Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Calian Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Calian Group has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CGY Health

 How is Calian Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Calian Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Calian Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Calian Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Calian Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 10.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Calian Group Company Filings, last reported 4 months ago.

TSX:CGY Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 108.75 12.00 17.99
2019-03-31 104.62 17.00 27.79
2018-12-31 99.44 12.00 20.38
2018-09-30 99.71 0.00 21.84
2018-06-30 96.29 0.00 18.27
2018-03-31 94.32 0.00 20.92
2017-12-31 92.54 0.00 19.27
2017-09-30 89.49 0.00 28.64
2017-06-30 86.96 0.00 31.86
2017-03-31 85.15 0.00 30.64
2016-12-31 80.91 0.00 19.21
2016-09-30 78.32 0.00 16.76
2016-06-30 75.32 0.00 13.34
2016-03-31 72.83 0.00 8.83
2015-12-31 69.41 0.00 5.21
2015-09-30 68.72 0.00 10.62
2015-06-30 69.68 0.00 13.10
2015-03-31 68.73 0.00 12.38
2014-12-31 69.35 0.00 12.98
2014-09-30 69.55 0.00 25.20
2014-06-30 69.67 0.00 22.28
2014-03-31 68.24 0.00 23.06
2013-12-31 65.64 0.00 27.03
2013-09-30 66.80 0.00 29.78
2013-06-30 67.73 0.00 31.29
2013-03-31 68.63 0.00 29.94
2012-12-31 67.72 0.00 31.36
  • Calian Group's level of debt (11%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Calian Group's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (193%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 34.4x coverage).
X
Financial health checks
We assess Calian Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Calian Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CGY Dividends

 What is Calian Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.08%
Current annual income from Calian Group dividends. Estimated to be 3.08% next year.
If you bought CA$2,000 of Calian Group shares you are expected to receive CA$62 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Calian Group's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.02%).
  • Calian Group's dividend is below the markets top 25% of dividend payers in Canada (5.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:CGY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
North America Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 1.7%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:CGY Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-09-30
2020-09-30 1.12 2.00
2019-11-12
2019-09-30 1.12 2.00
TSX:CGY Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-08-07 1.120 3.232
2019-05-14 1.120 3.318
2019-02-06 1.120 3.502
2018-11-14 1.120 3.803
2018-08-09 1.120 3.808
2018-05-09 1.120 3.504
2018-02-07 1.120 3.570
2017-11-15 1.120 3.469
2017-08-10 1.120 3.769
2017-05-10 1.120 4.149
2017-02-01 1.120 4.234
2016-11-09 1.120 4.469
2016-08-04 1.120 4.744
2016-05-04 1.120 5.554
2016-02-03 1.120 5.849
2015-11-10 1.120 6.839
2015-08-06 1.120 6.651
2015-05-06 1.120 6.029
2015-02-04 1.120 5.933
2014-11-12 1.120 6.214
2014-08-06 1.120 5.916
2014-05-07 1.120 5.859
2014-02-05 1.120 5.863
2013-11-13 1.120 5.355
2013-08-08 1.120 5.634
2013-05-08 1.120 5.742
2013-02-06 1.120 5.393
2012-11-14 1.120 5.352
2012-08-08 1.120 5.469
2012-05-09 1.040 5.056
2012-02-08 1.040 5.213
2011-11-09 1.040 5.779
2011-08-10 1.000 5.471
2011-05-11 1.000 5.234
2011-02-09 1.000 5.434
2010-11-10 0.880 4.822
2010-08-04 0.880 4.824
2010-05-05 0.800 4.578
2010-02-03 0.800 4.470
2009-11-12 0.680 3.904
2009-08-05 0.680 3.922
2009-05-06 0.680 4.179
2009-02-04 0.600 4.441

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Calian Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Calian Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Calian Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Calian Group has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CGY Management

 What is the CEO of Calian Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kevin Ford
COMPENSATION CA$858,385
TENURE AS CEO 4.6 years
CEO Bio

Mr. Kevin Ford has been the Chief Executive Officer of Calian Ltd. since April 2015 and serves as its President. Mr. Ford has been the Chief Executive Officer and President of Calian Group Ltd. (alternate name: Calian Technologies Ltd.) since April 1, 2015. Mr. Ford served as the President of BTS Division (Business and Technology Services Division) at Calian Technologies Ltd. for over 4 years. Mr. Ford served as Vice President and General Manager of the Business and Technology Services Division of Calian Technologies Ltd. from October 1, 2010 to March 31, 2015. Mr. Ford's enthusiastic leadership style and team building skills have created a motivated environment in which total customer satisfaction is the ultimate goal. Capitalizing on the strength of Calian's highly qualified Senior Management Team, Mr. Ford focuses his considerable energy and talents on nurturing and expanding the company's client base. He is an experienced sales and delivery professional with over 30 years of experience in the professional services industry. Mr. Ford has built his experience as a manager with a number of leading Canadian enterprises including DMR, LGS and IBM. For the past 11 years, he served as Partner in Global Business Services at IBM Canada Ltd. where he was responsible for a portfolio of in-country and global services engagements in the management consulting, systems integration and staff augmentation domains. He has been a Director of Calian Group Ltd. since 2015. Mr. Ford is active in the community, acting as a coach for local sports teams and is a Member of numerous industry associations.

CEO Compensation
  • Kevin's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kevin's remuneration is about average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Calian Group management team in years:

0.8
Average Tenure
  • The average tenure for the Calian Group management team is less than 2 years, this suggests a new team.
Management Team

Kevin Ford

TITLE
President
COMPENSATION
CA$858K
TENURE
4.6 yrs

Jerry Johnston

TITLE
Chief Information Officer
COMPENSATION
CA$411K
TENURE
1.7 yrs

Jacqueline Gauthier

TITLE
Senior Vice-President of Corporate Development
COMPENSATION
CA$563K
TENURE
0.7 yrs

Patrick Thera

TITLE
VP & GM of Systems Engineering Division
COMPENSATION
CA$495K

Patrick Houston

TITLE
CFO & Corporate Secretary
TENURE
0.7 yrs

Sue Ivay

TITLE
Chief Human Resources Officer
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure of the Calian Group board of directors in years:

6.9
Average Tenure
  • The tenure for the Calian Group board of directors is about average.
Board of Directors

Ken Loeb

TITLE
Chairman of the Board
COMPENSATION
CA$81K
TENURE
13 yrs

Kevin Ford

TITLE
President
COMPENSATION
CA$858K
TENURE
4.8 yrs

Rich Vickers

TITLE
Independent Director
COMPENSATION
CA$54K
TENURE
16.8 yrs

George Weber

TITLE
Independent Director
COMPENSATION
CA$54K
TENURE
6.9 yrs

Jo-Anne Poirier

TITLE
Independent Director
COMPENSATION
CA$54K
TENURE
3.6 yrs

Ray Basler

TITLE
Director
COMPENSATION
CA$54K
TENURE
14.8 yrs

Young Park

TITLE
Independent Director
COMPENSATION
CA$54K
TENURE
2.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
27. May 19 Sell Raymond Basler Individual 27. May 19 27. May 19 -214 CA$33.98 CA$-7,272
24. May 19 Sell Raymond Basler Individual 22. May 19 23. May 19 -5,400 CA$33.62 CA$-181,250
19. Mar 19 Sell Raymond Basler Individual 18. Mar 19 18. Mar 19 -1,503 CA$30.93 CA$-46,488
13. Mar 19 Buy Jacqueline Gauthier Individual 12. Mar 19 12. Mar 19 20 CA$29.80 CA$596
X
Management checks
We assess Calian Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Calian Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CGY News

Simply Wall St News

These 4 Measures Indicate That Calian Group (TSE:CGY) Is Using Debt Reasonably Well

Succinctly put, Calian Group boasts net cash, so it's fair to say it does not have a heavy debt load! … Calian Group may have net cash on the balance sheet, but it is still interesting to look at how well the business converts its earnings before interest and tax (EBIT) to free cash flow, because that will influence both its need for, and its capacity to manage debt. … Summing up While it is always sensible to investigate a company's debt, in this case Calian Group has CA$5.99m in net cash and a decent-looking balance sheet.

Simply Wall St -

Is Calian Group Ltd.'s (TSE:CGY) 14% ROE Better Than Average?

See our latest analysis for Calian Group How Do You Calculate Return On Equity? … The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Calian Group: 14% = CA$16m ÷ CA$109m (Based on the trailing twelve months to June 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … A company that can achieve a high return on equity without debt could be considered a high quality business.

Simply Wall St -

Is It Time To Consider Buying Calian Group Ltd. (TSE:CGY)?

I find that Calian Group’s ratio of 17.26x is trading slightly above its industry peers’ ratio of 17.13x, which means if you buy Calian Group today, you’d be paying a relatively fair price for it. … And if you believe Calian Group should be trading in this range, then there isn’t really any room for the share price grow beyond what it’s currently trading. … CGY’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value.

Simply Wall St -

What Type Of Shareholder Owns Calian Group Ltd.'s (TSE:CGY)?

See our latest analysis for Calian Group TSX:CGY Ownership Summary, July 30th 2019 What Does The Institutional Ownership Tell Us About Calian Group? … We can see that Calian Group does have institutional investors; and they hold 29% of the stock. … General Public Ownership The general public, who are mostly retail investors, collectively hold 69% of Calian Group shares.

Simply Wall St -

Calian Group Ltd. (TSE:CGY): Is Growth Priced In?

CGY is trading at price-to-earnings (PE) ratio of 17.08x, which suggests that Calian Group is undervalued based on its latest annual earnings update compared to the Commercial Services average of 17.08x , and overvalued compared to the CA market average ratio of 15.49x. … But, to be able to properly assess the value of a high-growth stock such as Calian Group, we must incorporate its earnings growth in our valuation. … A PE ratio of 17.08x and expected year-on-year earnings growth of 13% give Calian Group a higher PEG ratio of 1.32x.

Simply Wall St -

Should You Be Worried About Insider Transactions At Calian Group Ltd. (TSE:CGY)?

As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' See our latest analysis for Calian Group Calian Group Insider Transactions Over The Last Year In the last twelve months, the biggest single sale by an insider was when the Director, Raymond Basler, sold CA$181k worth of shares at a price of CA$33.62 per share. … TSX:CGY Recent Insider Trading, July 15th 2019 Insider Ownership For a common shareholder, it is worth checking how many shares are held by company insiders. … Our data suggests Calian Group insiders own 1.3% of the company, worth about CA$3.5m.

Simply Wall St -

These Factors Make Calian Group Ltd. (TSE:CGY) An Interesting Investment

By this I mean, I look at stocks holistically, from their financial health to their future outlook. … Excellent balance sheet established dividend payer CGY's strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings. … Take a look at our free research report of analyst consensus for CGY’s outlook.

Simply Wall St -

Why Calian Group Ltd.’s (TSE:CGY) Return On Capital Employed Is Impressive

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Calian Group: 0.19 = CA$22m ÷ (CA$175m - CA$63m) (Based on the trailing twelve months to March 2019.) So, Calian Group has an ROCE of 19%. … What Are Current Liabilities, And How Do They Affect Calian Group's ROCE? … The Bottom Line On Calian Group's ROCE Calian Group's ROCE does look good, but the level of current liabilities also contribute to that.

Simply Wall St -

What Kind Of Share Price Volatility Should You Expect For Calian Group Ltd. (TSE:CGY)?

A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … If the future looks like the past, we could therefore consider it likely that the stock price will experience share price volatility that is roughly similar to the overall market. … What this means for you: It is probable that there is a link between the share price of Calian Group and the broader market, since it has a beta value quite close to one.

Simply Wall St -

If You Had Bought Calian Group (TSE:CGY) Stock Five Years Ago, You Could Pocket A 85% Gain Today

(TSE:CGY) shareholders have enjoyed a 85% share price rise over the last half decade, well in excess of the market return of around 4.2% (not including dividends). … During five years of share price growth, Calian Group achieved compound earnings per share (EPS) growth of 5.0% per year. … We note that for Calian Group the TSR over the last 5 years was 134%, which is better than the share price return mentioned above.

Simply Wall St -

CGY Company Info

Description

Calian Group Ltd. provides systems engineering, manufacturing, training, information technology (IT), and healthcare solutions to industries and government in Canada, the United States, Europe, and internationally. The company’s Systems Engineering division plans, designs, and implements solutions in satellite communications; and provides contract manufacturing services for private sector and military customers. It offers gateway, capacity planning and management, and broadcast systems; and radio frequency earth stations and communication products for communications and control of spacecraft for commercial and government applications. This division also provides engineering services to design, modify, or enhance commercial, military, and aerospace equipment; supplies in-orbit test systems for commercial satellites; and operates space missions. Its Business and Technology Services division provides services and solutions in healthcare, training and engineering, and IT professional services. It offers clinic management, occupational health, and clinician services; training development and training delivery in the areas of emergency preparedness, trades training, simulation-based training, and career development leveraging e-learning and instructor led training delivery methods; cyber and security, enterprise resource planning, and general IT technologies; and services in the areas of radiation and nuclear safety, air worthiness, and other technical skills. This division also provides project management, recruiting, and contract and workforce management services. It serves defense, government, northern and remote communities, corrections, nuclear, oil and gas, information and communications technology, satellite communications, broadcast, media, cable, and wireless industries. The company was formerly known as Calian Technologies Ltd. and changed its name to Calian Group Ltd. in April 2016. The company was founded in 1982 and is headquartered in Ottawa, Canada.

Details
Name: Calian Group Ltd.
CGY
Exchange: TSX
Founded: 1982
CA$288,624,263
7,929,238
Website: http://www.calian.com
Address: Calian Group Ltd.
770 Palladium Drive,
Suite 400,
Ottawa,
Ontario, K2V 1C8,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX CGY Common Shares The Toronto Stock Exchange CA CAD 16. Sep 1993
OTCPK CLNF.F Common Shares Pink Sheets LLC US USD 16. Sep 1993
Number of employees
Current staff
Staff numbers
3,200
Calian Group employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/12 23:59
End of day share price update: 2019/11/12 00:00
Last estimates confirmation: 2019/10/09
Last earnings filing: 2019/08/07
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.