TOPICUS.COM INC. $124 is a hold. The company (Toronto Venture symbol TOI; Manufacturing sector; Shares outstanding: 39.9 million; Market cap: $4.9 billion; No dividend paid; Takeover Target Rating: Medium; www.topicus.com) is a Netherlands-based provider of education, finance and health-care software. On January 5, 2021, Constellation Software Inc. (Toronto symbol CSU) spun off Topicus as a separate firm. Constellation investors received 1.86 subordinate voting shares of Topicus for each CSU common share they held. Topicus still maintains a 30.35% voting stake.
The company’s revenue in the three months ended September 30, 2021, jumped 46.1%, to 177.1 million euros from 121.2 million euros a year earlier (1 euro = $1.43 Canadian). Factoring out acquisitions, revenue gained just 5%. Costs to integrate those new businesses cut its earnings per share by 43.8%, to 0.09 euros from 0.16 euros.
The shares have doubled since the spinoff. However, the company’s aggressive growth-by-acquisition strategy adds risk.
Topicus.com is okay to hold. hold…
Privacy Policy and Terms of Use
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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