ABST:TSX-Absolute Software Corporation (CAD)

COMMON STOCK | Software-Application | TSX

Last Closing Price

CAD 13.04

Change

-0.05 (-0.38)%

Market Cap

CAD 0.68B

Volume

0.05M

Avg Analyst Target

CAD 14.72 (+12.90%)

Avg User Target

CAD
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict


ABST Stock Forecast & Price:
Based on the Absolute Software Corporation stock forecasts from 5 analysts, the average analyst target price for Absolute Software Corporation is CAD 14.72 over the next 12 months. Absolute Software Corporation’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Absolute Software Corporation is Bearish, which is based on 3 positive signals and 8 negative signals. At the last closing, Absolute Software Corporation’s stock price was CAD 13.04. Absolute Software Corporation’s stock price has changed by +0.23% over the past week, -19.90% over the past month and +15.91% over the last year.

About Absolute Software Corporation (ABST:CA:TSX)

Absolute Software Corporation develops, markets, and provides software services that support the management and security of computing devices, applications, data, and networks for various organizations. The company's Absolute platform offer Absolute Visibility that provides infor ...Read More

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2022-11-29 )

Largest Industry Peers for Software-Application

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
SHOP:CA Shopify Inc

-0.89 (-1.73%)

CAD65.17B 302.00 -16.87
CSU:CA Constellation Software Inc.

+8.21 (+0.39%)

CAD44.52B 68.92 29.93
CDAY:CA Ceridian HCM Holding Inc

-0.66 (-0.75%)

CAD13.46B 1,643.70 354.37
OTEX:CA Open Text Corp

-0.59 (-1.48%)

CAD10.80B 54.77 15.80
DSG:CA Descartes Systems Group Inc

-1.35 (-1.50%)

CAD7.64B 64.33 41.70
KXS:CA Kinaxis Inc

-4.30 (-2.90%)

CAD4.12B 370.08 91.58
LSPD:CA Lightspeed Commerce Inc

+0.51 (+2.51%)

CAD3.18B N/A -8.44
LWRK:CA LifeWorks Inc

N/A

CAD2.24B 87.22 18.59
ENGH:CA Enghouse Systems Ltd

+0.23 (+0.76%)

CAD1.66B 19.18 9.82
MAGT:CA Magnet Forensics Inc

+0.82 (+2.29%)

CAD1.45B 3,544.00 252.61

ETFs Containing ABST:CA

Symbol Name Weight Mer Price(Change) Market Cap

N/A

Market Performance

  Market Performance vs.
Industry/Classification (Software-Application)
Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 9.95% 84% B 91% A-
Dividend Return N/A N/A N/A N/A N/A
Total Return 9.95% 84% B 90% A-
Trailing 12 Months  
Capital Gain 13.99% 88% B+ 91% A-
Dividend Return N/A N/A N/A N/A N/A
Total Return 13.99% 88% B+ 91% A-
Trailing 5 Years  
Capital Gain N/A N/A N/A N/A N/A
Dividend Return N/A N/A N/A N/A N/A
Total Return N/A N/A N/A N/A N/A
Average Annual (5 Year Horizon)  
Capital Gain -11.61% 24% F 7% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -11.61% 20% F 7% F
Risk Return Profile  
Volatility (Standard Deviation) 18.20% 92% A- 49% F
Risk Adjusted Return -63.78% 16% F 10% F
Market Capitalization 0.68B 60% D- 67% D+
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 87%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Software-Application)
Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 155.86 42% F 4% F
Price/Book Ratio 161.81 4% F 1% F
Price / Cash Flow Ratio 17.12 36% F 13% F
EV/EBITDA 60.10 21% F 3% F
Management Effectiveness  
Return on Equity -399.92% 12% F 2% F
Return on Invested Capital -2.34% 56% F 28% F
Return on Assets -0.06% 52% F 29% F
Debt to Equity Ratio 8,259.77% 9% F 0% N/A
Technical Ratios  
Dividend Yield 2.44% 57% F 30% F
Short Ratio 2.74 64% D 52% F
Short Percent 1.38% 26% F 40% F
Beta 0.65 81% B- 84% B
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Ratings

Target Price Action Rating Action Analyst Rating Price Date

Discussions

User / Independent Analyst Ratings

User Name Target Rating Target Horizon (Months) Target Price User Analysis Date Comment

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Low Earnings Growth

This stock has shown below median earnings growth in the previous 5 years compared to its sector