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Pivot Technology Solutions

TSX:PTG
Snowflake Description

Moderate growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PTG
TSX
CA$42M
Market Cap
  1. Home
  2. CA
  3. Software
Company description

Pivot Technology Solutions, Inc. provides IT services and solutions in North America and Europe. The last earnings update was 139 days ago. More info.


Add to Portfolio Compare Print
  • Pivot Technology Solutions has significant price volatility in the past 3 months.
PTG Share Price and Events
7 Day Returns
21.8%
TSX:PTG
2.5%
CA IT
11.7%
CA Market
1 Year Returns
-15.9%
TSX:PTG
-24.1%
CA IT
-26%
CA Market
PTG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pivot Technology Solutions (PTG) 21.8% -37.3% -36.9% -15.9% -42.7% -32.1%
CA IT 2.5% -25.4% -34.8% -24.1% 9.1% 30%
CA Market 11.7% -21.9% -26.6% -26% -23.6% -17.8%
1 Year Return vs Industry and Market
  • PTG outperformed the IT industry which returned -24.1% over the past year.
  • PTG outperformed the Market in Canada which returned -26% over the past year.
Price Volatility
PTG
Industry
5yr Volatility vs Market

PTG Value

 Is Pivot Technology Solutions 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 Pivot Technology Solutions 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 Pivot Technology Solutions.

TSX:PTG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in USD $ .110010
Payout Ratio Company Filings (2019-09-30) -10673.1%
Discount Rate (Cost of Equity) See below 6.9%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.4%

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:PTG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 5.4%
IT Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.899 (1 + (1- 26.5%) (515.59%))
0.995
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.44% + (0.995 * 5.44%)
6.85%

Discounted Cash Flow Calculation for TSX:PTG using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Pivot Technology Solutions is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

TSX:PTG Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $0.11 / (6.85% - 1.44%)
$0.27
TSX:PTG Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:PTG)
1.414
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $0.19 x 1.414
CA$0.27
Value per share (CAD) From above. CA$0.27
Current discount Discount to share price of CA$1.06
= -1 x (CA$1.06 - CA$0.27) / CA$0.27
-286.9%

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

  • The current share price of Pivot Technology Solutions is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Pivot Technology Solutions's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pivot Technology Solutions's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:PTG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-0.05
TSX:PTG Share Price ** TSX (2020-03-30) in CAD CA$1.06
TSX:PTG Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.707 $0.75
North America IT Industry PE Ratio Median Figure of 76 Publicly-Listed IT Companies 23.1x
Canada Market PE Ratio Median Figure of 498 Publicly-Listed Companies 10.58x

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

** Primary Listing of Pivot Technology Solutions.

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

= TSX:PTG Share Price ÷ EPS (both in USD)

= 0.75 ÷ -0.05

-16.3x

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

  • Pivot Technology Solutions is loss making, we can't compare its value to the North America IT industry average.
  • Pivot Technology Solutions is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Pivot Technology Solutions's expected growth come at a high price?
Raw Data
TSX:PTG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -16.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
North America IT Industry PEG Ratio Median Figure of 62 Publicly-Listed IT Companies 1.83x
Canada Market PEG Ratio Median Figure of 235 Publicly-Listed Companies 0.71x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Pivot Technology Solutions, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pivot Technology Solutions's assets?
Raw Data
TSX:PTG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $-0.03
TSX:PTG Share Price * TSX (2020-03-30) in CAD CA$1.06
TSX:PTG Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.707 $0.75
Canada IT Industry PB Ratio Median Figure of 24 Publicly-Listed IT Companies 1.92x
Canada Market PB Ratio Median Figure of 2,349 Publicly-Listed Companies 0.99x
TSX:PTG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:PTG Share Price ÷ Book Value per Share (both in USD)

= 0.75 ÷ -0.03

-22.47x

* Primary Listing of Pivot Technology Solutions.

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

  • Pivot Technology Solutions has negative assets, we can't compare the value of its assets to the CA IT industry average.
X
Value checks
We assess Pivot Technology Solutions'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 IT 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 IT industry average (and greater than 0)? (1 check)
  5. Pivot Technology Solutions has a total score of 0/6, 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.

PTG Future Performance

 How is Pivot Technology Solutions expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
43.5%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is Pivot Technology Solutions expected to grow at an attractive rate?
  • Pivot Technology Solutions's earnings growth is expected to exceed the low risk savings rate of 1.4%.
Growth vs Market Checks
  • Pivot Technology Solutions's earnings growth is expected to exceed the Canada market average.
  • Pivot Technology Solutions's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:PTG Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:PTG Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 43.5%
TSX:PTG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 0.4%
North America IT Industry Earnings Growth Rate Market Cap Weighted Average 16.4%
Canada IT Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Canada Market Earnings Growth Rate Market Cap Weighted Average 7.5%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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:PTG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:PTG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,235 1
2021-12-31 1,204 1
2020-12-31 1,174 1
2020-03-31
2019-12-31 1,214 1
TSX:PTG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 1,213 -3 -2
2019-06-30 1,264 83 -4
2019-03-31 1,300 12 -6
2018-12-31 1,374 62 -5
2018-09-30 1,471 49 -8
2018-06-30 1,539 -9 -6
2018-03-31 1,558 -25 -4
2017-12-31 1,512 11 -6
2017-09-30 1,506 0 -1
2017-06-30 1,483 28 -3
2017-03-31 1,456 65 -5
2016-12-31 1,466 25 -5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pivot Technology Solutions's earnings are expected to grow significantly at over 20% yearly.
  • Pivot Technology Solutions's revenue is expected to grow by 0.4% 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:PTG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Pivot Technology Solutions Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PTG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.42 0.42 0.42 1.00
2021-12-31 0.30 0.30 0.30 1.00
2020-12-31 0.12 0.12 0.12 1.00
2020-03-31
2019-12-31 0.28 0.28 0.28 1.00
TSX:PTG Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -0.05
2019-06-30 -0.11
2019-03-31 -0.14
2018-12-31 -0.12
2018-09-30 -0.19
2018-06-30 -0.15
2018-03-31 -0.11
2017-12-31 -0.15
2017-09-30 -0.02
2017-06-30 -0.07
2017-03-31 -0.13
2016-12-31 -0.12

*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.
  • Unable to establish if Pivot Technology Solutions will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Pivot Technology Solutions'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 North America 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.
Pivot Technology Solutions 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.

PTG Past Performance

  How has Pivot Technology Solutions 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 Pivot Technology Solutions's growth in the last year to its industry (IT).
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.
  • Pivot Technology Solutions does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Pivot Technology Solutions's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Pivot Technology Solutions's 1-year growth to the North America IT industry average as it is not currently profitable.
Earnings and Revenue History
Pivot Technology Solutions'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 Pivot Technology Solutions Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PTG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 1,212.54 -1.82 139.90
2019-06-30 1,264.31 -4.31 143.22
2019-03-31 1,299.96 -5.71 143.46
2018-12-31 1,373.63 -4.59 147.61
2018-09-30 1,471.41 -8.05 147.63
2018-06-30 1,539.09 -6.21 146.60
2018-03-31 1,558.48 -4.39 146.76
2017-12-31 1,511.64 -6.06 144.63
2017-09-30 1,506.24 -0.69 146.88
2017-06-30 1,482.64 -2.97 147.88
2017-03-31 1,455.61 -5.28 149.73
2016-12-31 1,465.97 -4.94 150.61
2016-09-30 1,492.16 -1.27 148.98
2016-06-30 1,541.20 -0.64 146.76
2016-03-31 1,525.37 2.31 144.62
2015-12-31 1,488.96 2.54 138.96
2015-09-30 1,446.25 -1.19 135.11
2015-06-30 1,391.45 2.03 132.42
2015-03-31 1,336.28 -0.37 127.56
2014-12-31 1,359.23 1.53 125.93
2014-09-30 1,319.76 -0.96 120.03
2014-06-30 1,286.30 -0.97 116.68
2014-03-31 1,305.27 -1.67 115.37
2013-12-31 1,240.22 -4.82 112.58
2013-09-30 1,230.89 -9.64 113.42
2013-06-30 1,257.73 -18.21 112.34

*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.
  • It is difficult to establish if Pivot Technology Solutions has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Pivot Technology Solutions used its assets less efficiently than the North America IT industry average last year based on Return on Assets.
  • It is difficult to establish if Pivot Technology Solutions improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Pivot Technology Solutions'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 IT 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.
Pivot Technology Solutions has a total score of 0/6, 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.

PTG Health

 How is Pivot Technology Solutions'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 Pivot Technology Solutions's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pivot Technology Solutions's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Pivot Technology Solutions's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Pivot Technology Solutions'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 2.4x 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 Pivot Technology Solutions Company Filings, last reported 6 months ago.

TSX:PTG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 1.32 136.68 9.42
2019-06-30 2.11 118.02 15.08
2019-03-31 2.13 144.09 4.58
2018-12-31 7.25 117.31 15.31
2018-09-30 8.33 117.38 7.41
2018-06-30 12.41 177.04 4.28
2018-03-31 14.17 142.81 3.98
2017-12-31 17.52 158.78 5.25
2017-09-30 21.62 154.11 5.71
2017-06-30 23.45 164.44 9.66
2017-03-31 23.48 113.33 7.67
2016-12-31 29.09 163.74 8.15
2016-09-30 28.39 145.59 7.54
2016-06-30 32.86 190.56 18.85
2016-03-31 34.53 174.59 14.50
2015-12-31 39.02 177.35 7.98
2015-09-30 33.01 254.36 12.54
2015-06-30 36.37 175.29 11.64
2015-03-31 33.67 174.35 8.76
2014-12-31 37.24 190.13 8.53
2014-09-30 34.92 162.52 9.66
2014-06-30 34.30 159.04 16.20
2014-03-31 34.04 143.14 9.56
2013-12-31 35.71 141.06 22.02
2013-09-30 35.87 126.87 16.25
2013-06-30 35.25 129.23 5.21
  • Pivot Technology Solutions's level of debt (10378.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (466% vs 10378.1% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Pivot Technology Solutions has sufficient cash runway for 1.4 years based on current free cash flow.
  • Pivot Technology Solutions has sufficient cash runway for 1.7 years if free cash flow continues to reduce at historical rates of -23.4% each year.
X
Financial health checks
We assess Pivot Technology Solutions'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. Pivot Technology Solutions has a total score of 3/6, 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.

PTG Dividends

 What is Pivot Technology Solutions'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
14.67%
Current annual income from Pivot Technology Solutions dividends.
If you bought CA$2,000 of Pivot Technology Solutions shares you are expected to receive CA$293 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?
  • Pivot Technology Solutions's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.73%).
  • Pivot Technology Solutions's dividend is above the markets top 25% of dividend payers in Canada (8.76%).
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:PTG 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 1 Analyst Estimates (S&P Global) See Below
North America IT Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 1.6%
Canada Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 4.9%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.3%
Canada Bottom 25% Dividend Yield 25th Percentile 2.7%
Canada Top 25% Dividend Yield 75th Percentile 8.8%

Industry and Market average data is calculated daily.

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

TSX:PTG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2020-03-31
2019-12-31
TSX:PTG Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-14 0.110 11.867
2019-08-14 0.120 10.179
2019-05-15 0.118 11.393
2019-02-12 0.119 12.925
2018-10-31 0.117 15.555
2018-08-14 0.121 11.955
2018-05-14 0.120 8.257
2018-02-20 0.122 7.776
2017-11-14 0.124 7.409
2017-11-13 0.126 6.753
2017-08-08 0.124 6.374
2017-02-21 0.116 8.409
2016-11-21 0.118 9.680
2016-08-22 0.118 9.009
2016-05-05 0.121 9.392
2016-02-16 0.086 7.008
2015-11-23 0.082 5.671
2015-08-21 0.089 5.539
2015-04-24 0.091 5.687

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

  • Pivot Technology Solutions has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Pivot Technology Solutions only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Pivot Technology Solutions's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
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 Pivot Technology Solutions's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Pivot Technology Solutions afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pivot Technology Solutions has a total score of 2/6, see the detailed checks below.


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

PTG Management

 What is the CEO of Pivot Technology Solutions'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 Shank
COMPENSATION $641,661
TENURE AS CEO 3.8 years
CEO Bio

Mr. Kevin A. Shank has been the Chief Executive Officer of Pivot Technology Solutions, Inc. since May 1, 2016 and has also been its President since January 12, 2016. Mr. Shank joined Services at CompuCom Systems, Inc in 2004 and served as its Executive Vice President. He served as the Chief Services Officer of CompuCom Systems, Inc. and also served as its Senior Vice President of Services Sales & Delivery. Mr. Shank served as Vice President of Service and Delivery of Compucom Systems Inc. Mr. Shank was responsible for leading the sales and service delivery functions for CompuCom's IT Outsourcing business with existing clients in the United States. Prior to being named to this position, Mr. Shank led sales and operations for CompuCom Systems’ largest services region, which comprised the GE and the Central and Eastern U.S. accounts. He joined CompuCom with the acquisition of GE’s IT Solutions (GE ITS) division in November 2004. At GE ITS, he led sales and operations for the vertical organizations, GE ITS’ largest services region. During his eight-year tenure with GE, Mr. Shank also co-led the commercial launch of a strategic joint venture between GE and an India- and Mexico-based organization that provided IT infrastructure services. Over the past decade, Mr. Shank has developed extensive expertise in building strong, productive teams, as well as creating and implementing go-to-market strategies for vertical market segments. He led a services sales training session across the business and assisted in the development of a PC utility-based program that CompuCom now offers to its clients. He began his career in the IT industry during his college years, when he worked as a marketing co-op student at IBM. Mr. Shank has been Director of Pivot Technology Solutions, Inc. since June 21, 2016. He won a number of performance-based awards in various sales and management areas during his tenure at GE and currently holds a Six Sigma Green Belt and ITIL Foundations certifications. Mr. Shank has 20 years of senior leadership experience in the IT industry. Mr. Shank graduated with a Dual Bachelor’S Degree in finance and marketing from Indiana University, where he was an NCAA Academic All-American.

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

Average tenure of the Pivot Technology Solutions management team in years:

2.7
Average Tenure
  • The tenure for the Pivot Technology Solutions management team is about average.
Management Team

Kevin Shank

TITLE
President
COMPENSATION
$642K
TENURE
3.8 yrs

Dave Toews

TITLE
Chief Financial Officer
COMPENSATION
$323K
AGE
51
TENURE
2.7 yrs

Matt Olson

TITLE
Chief Operating Officer
COMPENSATION
$394K
TENURE
1.4 yrs

Matthew Girardot

TITLE
Chief Legal Officer
COMPENSATION
$368K
TENURE
3.8 yrs

Scott Ward

TITLE
Chief Revenue Officer
COMPENSATION
$553K
TENURE
2.4 yrs

Mike Flanagan

TITLE
CIO & CTO
TENURE
2.2 yrs

Bill Mitoulas

TITLE
Head of Investor Relations

Wendy Coticchia

TITLE
Chief Compliance Officer

John Flores

TITLE
Vice President of Marketing
TENURE
5.6 yrs

Mary Tullao

TITLE
Vice President and Corporate Controller
Board of Directors Tenure

Average tenure and age of the Pivot Technology Solutions board of directors in years:

2.7
Average Tenure
64.5
Average Age
  • The average tenure for the Pivot Technology Solutions board of directors is less than 3 years, this suggests a new board.
Board of Directors

Wade Dawe

TITLE
Chairman of the Board
COMPENSATION
$135K
AGE
49
TENURE
4.2 yrs

Kevin Shank

TITLE
President
COMPENSATION
$642K
TENURE
3.7 yrs

Matthew Girardot

TITLE
Chief Legal Officer
COMPENSATION
$368K
TENURE
2.7 yrs

Stephen Moore

TITLE
Independent Director
COMPENSATION
$122K
AGE
65
TENURE
8.2 yrs

M. Smith

TITLE
Independent Director
COMPENSATION
$131K
AGE
64
TENURE
2.7 yrs

Chris Formant

TITLE
Independent Director
AGE
66
TENURE
0.8 yrs

Vic Bhagat

TITLE
Director
TENURE
0.7 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$) Value (CA$)
19. Nov 19 Buy Kevin Shank Individual 18. Nov 19 18. Nov 19 20,000 CA$1.55 CA$31,083
X
Management checks
We assess Pivot Technology Solutions'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. Pivot Technology Solutions 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.

PTG News

Simply Wall St News

Does Pivot Technology Solutions, Inc.'s (TSE:PTG) CEO Salary Reflect Performance?

View our latest analysis for Pivot Technology Solutions How Does Kevin Shank's Compensation Compare With Similar Sized Companies? … Thus we can conclude that Kevin Shank receives more in total compensation than the median of a group of companies in the same market, and of similar size to Pivot Technology Solutions, Inc.. … We compared the total CEO remuneration paid by Pivot Technology Solutions, Inc., and compared it to remuneration at a group of similar sized companies.

Simply Wall St -

Should Pivot Technology Solutions (TSE:PTG) Be Disappointed With Their 95% Profit?

Check out our latest analysis for Pivot Technology Solutions Pivot Technology Solutions isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … For the last half decade, Pivot Technology Solutions can boast revenue growth at a rate of 1.9% per year. … So it makes a lot of sense to check out what analysts think Pivot Technology Solutions will earn in the future (free profit forecasts).

Simply Wall St -

Pivot Technology Solutions (TSE:PTG) Use Of Debt Could Be Considered Risky

TSX:PTG Historical Debt, July 9th 2019 A Look At Pivot Technology Solutions's Liabilities Zooming in on the latest balance sheet data, we can see that Pivot Technology Solutions had liabilities of US$422.2m due within 12 months and liabilities of US$28.3m due beyond that. … Because it carries more debt than cash, we think it's worth watching Pivot Technology Solutions's balance sheet over time. … Over the last three years, Pivot Technology Solutions actually produced more free cash flow than EBIT.

Simply Wall St -

Are Insiders Buying Pivot Technology Solutions, Inc. (TSE:PTG) Stock?

View our latest analysis for Pivot Technology Solutions The Last 12 Months Of Insider Transactions At Pivot Technology Solutions Over the last year, we can see that the biggest insider purchase was by President Kevin Shank for CA$72k worth of shares, at about CA$1.94 per share. … While Pivot Technology Solutions insiders bought shares last year, they didn't sell. … What Might The Insider Transactions At Pivot Technology Solutions Tell Us?

Simply Wall St -

Is Pivot Technology Solutions, Inc.'s (TSE:PTG) CEO Pay Justified?

Kevin Shank became the CEO of Pivot Technology Solutions, Inc. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Kevin Shank's Compensation Compare With Similar Sized Companies?

Simply Wall St -

What Kind Of Share Price Volatility Should You Expect For Pivot Technology Solutions, Inc. (TSE:PTG)?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Did Pivot Technology Solutions, Inc. (TSE:PTG) Insiders Buy Up More Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So shareholders might well want to know whether insiders have been buying or selling shares in Pivot Technology Solutions, Inc. … Overall, Pivot Technology Solutions insiders were net buyers last year

Simply Wall St -

What Kind Of Shareholder Appears On The Pivot Technology Solutions, Inc.'s (TSE:PTG) Shareholder Register?

If you want to know who really controls Pivot Technology Solutions, Inc. … Pivot Technology Solutions is a smaller company with a market capitalization of CA$42m, so it may still be flying under the radar of many institutional investors. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

What Should Investors Know About Pivot Technology Solutions Inc's (TSE:PTG) Return On Capital?

This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … Therefore, looking at how efficiently Pivot Technology Solutions is able to use capital to create earnings will help us understand your potential return. … Pivot Technology Solutions's Return On Capital Employed

Simply Wall St -

Does Pivot Technology Solutions Inc's (TSE:PTG) CEO Salary Reflect Performance?

Kevin Shank became the CEO of Pivot Technology Solutions Inc (TSE:PTG) in 2016. … According to our data, Pivot Technology Solutions Inc has a market capitalization of CA$44m, and pays its CEO total annual compensation worth US$1.0m. … It would therefore appear that Pivot Technology Solutions Inc pays Kevin Shank more than the median CEO remuneration at companies of a similar size, in the same market

Simply Wall St -

PTG Company Info

Description

Pivot Technology Solutions, Inc. provides IT services and solutions in North America and Europe. The company operates through ACS, ARC, ProSys, Sigma, and TeraMach segments. The ACS segment provides IT solutions and system integration services that include IT solutions focused on enterprise infrastructures, such as systems, storage, security, networking, and compliance; and IT services that enable businesses to optimize their IT infrastructure and enhance mission-critical processes. The ARC segment offers analysis, planning, design, procurement, installation, and consultation services to end users, as well as to suppliers of the State of Texas Department of Information Resources program. The ProSys segment provides IT hardware, software, and professional services to enterprise, public sector, and educational customers. The Sigma segment offers advisory, implementation, and maintenance services of enterprise data centres; centered on private cloud; and mobility and managed services. The TeraMach segment provides technical solutions and various other related services, as well as staffing and cloud expertise services to governments, the public sector, and commercial enterprises. Pivot Technology Solutions, Inc. was founded in 2010 and is headquartered in Markham, Canada.

Details
Name: Pivot Technology Solutions, Inc.
PTG
Exchange: TSX
Founded: 2010
CA$41,815,713
39,448,786
Website: http://www.pivotts.com
Address: Pivot Technology Solutions, Inc.
55 Renfrew Drive,
Suite 200,
Markham,
Ontario, L3R 8H3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX PTG Common Shares The Toronto Stock Exchange CA CAD 01. Apr 2013
OTCPK PVVT.F Common Shares Pink Sheets LLC US USD 01. Apr 2013
DB PV9N Common Shares Deutsche Boerse AG DE EUR 01. Apr 2013
TSXV PTG Common Shares TSX Venture Exchange CA CAD 01. Apr 2013
Number of employees
Current staff
Staff numbers
829
Pivot Technology Solutions employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 01:38
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/24
Last earnings filing: 2019/11/13
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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.