Main menu
Edison Group
  • Home
  • Equities

    Equities

    View All Equities

    Equities by Sector

    MGI – Media and Games Invest

    MCap

    EUR235m

    Last close

    EUR1.50

    ▲ 0.35 (30.21%)

    Melrose Industries

    MCap

    GBP8,167m

    Last close

    GBP6.70

    ▲ 74.80 (12.57%)

    Pan American Silver

    MCap

    USD6,794m

    Last close

    USD20.63

    ▲ 2.00 (10.74%)

  • 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 09/05/2024

CAD25.62

▲ −0.13 (−0.50%)

Market capitalisation

CAD467m

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 — Strong underlying growth, guidance reiterated

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
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 (10.1) 11.9 16.6
Relative (10.2) 5.1 7.2
52 week high/low C$28.5/C$19.5

Financials

Information Services Corporation’s (ISC’s) Q124 results highlight the strength of the underlying business, with topline and adjusted EBITDA growth of 15% and 34%, respectively, augmented by the sustained organic growth of the Services division and CPI fee adjustments. This progress was made less obvious at the statutory net income level by increases in interest costs and share-based compensation expenses of C$5.0m and C$5.8m, respectively. FY24 guidance has been reiterated, and we maintain our forecasts and valuation of C$40/share, implying 58% 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 13.4 7.2
2023A 214.5 72.9 39.2 163.30 15.7 6.3
2024E 242.0 85.5 46.5 189.16 13.5 5.4
2025E 258.1 90.4 51.7 209.98 12.2 5.1

Research

Concept of energy storage unit consisting of multiple conected containers with batteries. 3d rednering.

thematic

Industrials

Battery energy storage

thematic

Consumer

IPO apocalypse

thematic

TMT

ESG, moving beyond the box tick

thematic

Industrials

A new paradigm for space

thematic

Industrials

The emergence of mega-constellations

thematic

Industrials

Internet in the sky

thematic

Industrials

Truth creates light

thematic

Industrials

All-seeing eye in the sky

thematic

Consumer

Circular economy business models

thematic

Industrials

BayWa – Focus on sustainability

thematic

Industrials

Investment themes: IPO boom in London

thematic

Industrials

The circular economy

thematic

Industrials

EV outlook #1 – Growth, policy and net zero

thematic

Industrials

Battery charge: The rise of lithium-ion – options and implications

thematic

Industrials

Water – The real liquidity crisis

thematic

Industrials

Greece – Changing the narrative

thematic

Consumer

Illuminator: August Update

thematic

Industrials

Renewables rising – Sector primer

thematic

Consumer

Deutsche Börse Eigenkapitalforum 2014 Research Guide

thematic

Industrials

German Mittelstand Conference

thematic

Industrials

German industrials spotlight: Sand in the gears

thematic

Industrials

German industrials spotlight: Industrial machinery

thematic

Industrials

German industrials: Global ambitions

thematic

Industrials

DSEi: Feedback and thoughts