Main menu
Edison Group
  • Home
  • Equities

    Equities

    View All Equities

    Equities by Sector

    Pharnext

    MCap

    1m

    Last close

    EUR0.10

    ▲ 0.03 (42.86%)

    MGI – Media and Games Invest

    MCap

    EUR235m

    Last close

    EUR1.50

    ▲ 0.35 (30.21%)

    AGBA

    MCap

    USD211m

    Last close

    USD2.83

    ▲ 0.48 (20.43%)

  • Sectors

    Sectors

  • Investment Strategy

    Investment Strategy

    View All

    Latest

  • Thematics

    Thematics

    View All Thematics

    Latest

  • Audiovisual

    Audiovisual

    View All Audiovisual

    Latest

Information Services Corporation (TSX: ISV)

Last close As at 01/05/2024

CAD26.51

▲ −0.07 (−0.26%)

Market capitalisation

CAD481m

Information Services Corporation, headquartered in Canada, is a leading provider of registry and information management services for public data and records.

Governments and financial institutions are seeking cost-saving opportunities that enable them to focus on their core business without comprising service quality. Consequently, they are reassessing their public service delivery models and pursuing innovative forms of public-private partnerships. With ISC’s expertise, technology and proven experience in managing data authentication and security, it is well positioned to expand in the global registry market and continue onboarding new customers.

Latest Insights

View More

Industrials | Update

Information Services Corporation — A busy end to a record FY23

Industrials | Flash note

Information Services Corporation — Services division set to be a key organic driver

Industrials | edison tv

Information Services Corporation – executive interview

Industrials | Update

Information Services Corporation — Gaining momentum with new contract win
Visit Website

Sector

Industrials

Equity Analyst

Natalya Davies

Natalya Davies

Analyst

Andy Murphy

Andy Murphy

Director, Financials & Industrials

Key Management

  • Jonathan Hackshaw

    Senior Director, Investor Relations & Capital

  • Mitch Lipon

    IRO

  • Robert (Bob) Antochow

    CFO

  • Shawn B Peters

    CEO

Balance Sheet

Forecast net debt (C$m)

139.8

Forecast gearing ratio (%)

76

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (4.3) 8.7 17.8
Relative (2.3) 5.2 12.0
52 week high/low C$28.5/C$19.5

Financials

In FY23, Information Services Corporation enjoyed year-on-year top-line and adjusted operating profit growth, augmented by consistent organic expansion of its Services division and incremental earnings from fee uplifts linked to the Master Service Agreement (MSA) extension. Management’s encouraging FY24 guidance reflects organic growth potential from the Services division, alongside a full-year impact of earnings accretion from fee adjustments. We have raised our valuation modestly from C$37/share to C$40/share, which implies c 50% upside.

Y/E Dec Revenue (C$m) EBITDA (C$m) PBT (C$m) EPS (fd) (c) P/E (x) P/CF (x)
2022A 189.9 64.4 46.5 190.78 13.9 7.4
2023A 214.5 72.9 39.2 163.30 16.2 6.5
2024E 242.0 85.5 46.5 189.16 14.0 5.6
2025E 258.1 90.4 51.7 209.98 12.6 5.3

Research

Flash note

Industrials

Information Services Corporation — Services division set to be a key organic driver

edison tv

Industrials

Information Services Corporation – executive interview

Industrials

Update

Information Services Corporation — A busy end to a record FY23

Thematics

thematic

Industrials

Deutsches Eigenkapitalforum (EKF) 2023 industrials

thematic

Industrials

The long and winding road

thematic

Industrials

Quantum computing: A booming industry

thematic

Industrials

UK housebuilders
View All

Subscribe to Edison

Get access to the very latest content matched to your personal investment style.

Sign up for free