Information Services Corporation

Information Services Corporation (TSX: ISV)

Currency in CAD

Last close As at 04/12/2023

CAD20.82

▲ 0.07 (0.34%)

Market capitalisation

CAD374m

Overview
Price performance
Financials
Research
Thematics

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

Latest Insights

Industrials |
Update

09.11.23

Information Services Corporation — Sustained growth with FY23 guidance reiterated

Industrials |
Initiation

26.10.23

Information Services Corporation — Registering growth

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Sector

Industrials

Equity Analyst

Natalya Davies

Analyst

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)

148.6

Forecast gearing ratio (%)

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	4.9	(14.9)	(10.6)
Relative	(2.3)	(14.2)	(9.8)
52 week high/low	C$27.0/C$19.5

Financials

Despite prevailing macroeconomic headwinds and a subdued Canadian property market, Information Services Corporation (ISC) demonstrated year-on-year top-line and adjusted EBITDA growth in Q323. This was largely attributable to the MSA extension, augmented by sustained organic growth of the Services division. Net income was affected by heightened net finance costs, as a result of a rise in net debt from the C$150m upfront payment for the MSA extension. Nevertheless, ISC remains on a trajectory of securing new contracts and management reaffirms its FY23 revenue and adjusted EBITDA guidance. We maintain our forecasts and valuation of C$37, implying 79% upside.