Goeasy Ltd

Sound bite for Twitter is: Dividend Consumer Stock. Results of stock price testing is that the stock price is probably cheap. Debt Ratios are mostly awful. The Dividend Payout Ratios (DPR) were reasonable for Earnings until this year, but it is a problem that the Cash Flow is generally negative. The current dividend yield is 0% with dividend suspended. See my spreadsheet on Goeasy Ltd .

Is it a good company at a reasonable price? This is a finance company in financial difficulties. Yes, it is cheap but it is also a big risk. Just because a stock is cheap, it does not make it a good buy.

I do not own this stock of Goeasy Ltd (TSX-GSY, OTC-EHMEF). In April of 2016 Investment Reporter said to seek stocks with growing dividends from The Investment Reporter Key stock buys. This is one stock that was named. However, I would still rather invest in companies that are not in the business of charging very high interest rates.

When I was updating my spreadsheet, I noticed stock fell a lot in 2026. This occurred after the company suspending its dividend. They revealed substantial loan losses and reported discrepancies tied to its vehicle financing business. The stock price has fallen some 68% so far this year.

If you had invested in this company in December 2015, for $1,000.00 you would have bought 6 shares at $179.21 per share. In June 19, 2026, after 10 years you would have received $104.12 in dividends. The stock would be worth $232.13. Your total return would have been $336.25. This would be a total loss of 21.54% per year with 25.33% from capital loss and 3.79% from dividends.

Cost	Tot. Cost	Shares	Years	Dividends	Stock Val	Tot Ret
$179.21	$1,000.00	5.58	5	$104.12	$232.13	$336.25

The dividend was suspended after one dividend was paid in 2026. The 5, 10 and historical dividend yields are moderate (2% to 4% ranges) at 2.51%, 2.35% and 2.42%. Analyst think that the dividend might be resorted in 2027.

The Dividend Payout Ratios (DPR) were reasonable for Earnings until this year, but it is a problem that the Cash Flow is generally negative. The DPR for 2025 for Earnings per Share (EPS) is non-calculatable due to earning losses with 5 year coverage good at 37%. The DPR for 2025 for Adjusted Earnings per Share (AEPS) is too high at 183% with 5 year coverage high at 58%. The DPR for 2025 for Cash Flow per Share (CFPS) is non-calculatable due to negative cash flows with 5 year coverage non-calculatable due to negative cash flows. I also looked at the DPR for Cash Flow per Share without Working Capital and the current CFPS WC is good at 9% with 5 year coverage at 9%. The DPR for 2025 for Free Cash Flow (FCF) is good non-calculable due to negative FCF and so is the 5 year DPR. The FCF varies in 2025 from 807M to a negative 713M. I am using the negative 713M.

Item	Cur	5 Years
EPS	-2642.86%	36.62%
AEPS	183.17%	57.85%
CFPS	-10.41%	-13.48%
CFPS WC	8.89%	9.27%
FCF	-11.68%	-12.26%

Debt Ratios are mostly awful. The Long Term Debt/Market Cap Ratio for 2025 is very high at 2.17 and currently at 7.11. This ratio has always been too high, but this year, the Stock Price crashed because of the company’s problems. The Liquidity Ratio for 2025 is good at 1.56 and 5.16 currently. The Debt Ratio for 2025 is low at 1.17 and 1.16 currently. The Leverage and Debt/Equity Ratios for 2025 are far too high at 6.77 and 5.77 and currently at 7.27 and 6.27.

Type	Year End	Ratio Curr
Lg Term R	2.17	7.11
Intang/GW	0.06	0.19
Liquidity	1.56	5.16
Liq. + CF	0.93	3.99
Debt Ratio	1.17	1.16
Leverage	6.77	7.27
D/E Ratio	5.77	6.27

The Total Return per year is shown below for years of 5 to 30 to the end of 2025. Under the Capital Gain column is the portion of the Total Return attributable to capital gains. Under the Dividend column is the portion of the Total Return attributable to dividends. See chart below.

From	Years	Div. Gth	Tot Ret	Cap Gain	Div.
2020	5	27.30%	9.81%	6.32%	3.50%
2015	10	30.41%	25.43%	21.36%	4.07%
2010	15	20.01%	22.76%	19.34%	3.42%
2005	20	18.52%	13.55%	11.17%	2.38%
2000	25	21.13%	20.54%	18.06%	2.48%
1995	30		7.36%	6.53%	0.82%

The 5-year low, median, and high median Price/Earnings per Share Ratios are 6.39, 10.64, and 12.58. The corresponding 10 year ratios are 8.05, 10.79 and 13.54. The corresponding historical ratios are 9.31, 11.97 and 15.04. The current ratio is negative, so that cannot be used. The ratio for 2027 is 8.22 based on a stock price of $40.10 and EPS of $4.88. This ratio is between the low and median ratio of the 10 year median ratios. This stock price testing suggests that the stock price is relatively reasonable and below the median. Note that stock price is down around 69%, but the EPS is also down around 70%.

I also have Adjusted Earnings per Share (AEPS) data. The 5-year low, median, and high median Price/Earnings per Share Ratios are 8.96, 11.95, and 15.57. The corresponding 10 year ratios are 8.23, 10.73 and 13.58. The corresponding historical ratios are 8.74, 11.57 and 15.57. The current ratio is negative, so that cannot be used. The ratio for 2027 is 6.61 based on a stock price of $40.10 and EPS of $6.07. This ratio is below the low ratio of the 10 year median ratios. This stock price testing suggests that the stock price is relatively cheap. You get a similar situation here with the drop in both stock price and AEPS.

I get a Graham Price of $82.63. The 10-year low, median, and high median Price/Graham Price Ratios are 0.76, 1.06 and 1.36. The current ratio is 0.49 based on a stock price of $41.10. The current ratio is below the low ratio of the 10 year median ratios. This stock price testing suggests that the stock price is relatively cheap.

I get a 10-year median Price/Book Value per Share Ratio of 2.24. The current ratio is 0.80 based on a stock price of $40.10, Book Value of $801M and Book Value per Share of $50.00. The current ratio is 64% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively cheap. Note that Book Value per Share has not fallen as much as the stock price.

I get a 10-year median Price/Cash Flow per Share Ratio is negative. I can do no testing here.

Since the dividends have been suspended, I can do not dividend yield testing.

The 10-year median Price/Sales (Revenue) Ratio is 1.48. The current ratio is 0.40 based on Revenue estimate for 2026 of $1,591M, Revenue per Share of $99.28 and a stock price of $40.10. The current ratio is 73% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively cheap. Note that the Revenue has not fall as much as the stock price and so you get a relatively cheap stock price.

Results of stock price testing is that the stock price is probably cheap. The P/S Ratio test is saying that the stock price is relatively cheap. Another good test is the P/B Ratio test and it also says that the stock price is relatively cheap.

When I look at analysts’ recommendations, I find Strong Buy (1), Buy (1), Hold (6) and Underperform (2). The consensus would be a Hold. The 12 month stock price consensus is $39.90 with a high of $80.00 and a low of $30.00. The consensus stock price of $39.90 implies a total loss of 0.50% with 0.50% from a capital loss and 0.00% from dividends.

The last entry on Stock Chase for this company is 2022. It is never a good sign when analysts lose interest in a stock. Aditya Raghunath on Motley Fool says this stock is a buy for investors who can stomach volatility and think in years, not weeks. Brian Paradza on Motley Fool this this stock is a screaming buy. The company put out a press release via Newswire about their 2025 annual results. The company put out a press release via Newswire about their first quarter of 2026.

Financial Post via Yahoo Finance talks about this stock as the stock of the week in May 2026. Simply Wall Street via Yahoo Finance review this stock. They said to stay invested in this company, you need to believe its pivot toward tighter underwriting and cost control can eventually offset recent losses and portfolio stress. Simply Wall Street has one warning out on this stock of debt is not well covered by operating cash flow.

Goeasy Ltd is a financial services company. The principal operating activities of the company include providing loans and other financial services to consumers and leasing household products to consumers. The company operates in two reportable segments: easyfinancial and easyhome. Its web site is here Goeasy Ltd .

The last stock I wrote about was about was Algonquin Power & Utilities Corp (TSX-AQN, NTSE-AQN) ... learn more. The next stock I will write about will be Lassonde Industries Inc (TSX-LAS.A, OTC-LSDAF) ... learn more on Monday, June 29, 2026 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Also, on my book blog I have put a review of the book Recession by Tyler Goodspeed learn more...

Algonquin Power & Utilities Corp

Sound bite for Twitter is: Dividend Paying Utility. Debt Ratios need improving and the company has too much debt. The Dividend Payout Ratios (DPR) need improving. The current dividend yield is moderate with dividend growth negative. See my spreadsheet on Algonquin Power & Utilities Corp.

Is it a good company at a reasonable price? This stock has not been doing well, but they are making a lot of changes. Some analysts feel that this stock will be a good investment because of the changes being made and especially the change to a pure-play regulated utility. There is a risk here. On the other hand, the stock is cheap. If you buy cheap stocks, there is always a bigger risk that when buying stock that is at a reasonable price.

I do not own this stock of Algonquin Power & Utilities Corp (TSX-AQN, NTSE-AQN). This is a dividend paying utility stock. I got it off a list of dividend paying utility stocks. Also, I own Emera Inc. and this company owns shares in Algonquin Power.

When I was updating my spreadsheet, I noticed there seems to be a change in the directors and management. I follow a few directors and officers and two of the directors I was following and two of the officers I was following are gone. This is unusual. Sometimes there is one people gone, but not generally two directors and two officers.

If you had invested in this company in December 2015, for $1,003.72 CDN$ you would have bought 92 shares at $10.91 per share. In December 2025, after 10 years you would have received $608.50 in dividends. The stock would be worth $776.48. Your total return would have been $1,384.98. This would be a total return of 4.21% per year with 2.53% from capital loss and 6.47% from dividends. This is in CDN$.

Cost	Tot. Cost	Shares	Years	Dividends	Stock Val	Tot Ret
$10.91	$1,003.72	92	10	$608.50	$776.48	$1,384.98

If you had invested in this company in December 2015, for $1,000.76 US$ you would have bought 127 shares at $7.88 per share. In December 2025, after 10 years you would have received $635.18 in dividends. The stock would be worth $781.05. Your total return would have been $1,416.23. This would be a total return of 4.59% per year with 2.45% from capital loss and 7.04% from dividends. This is in US$.

Cost	Tot. Cost	Shares	Years	Dividends	Stock Val	Tot Ret
$7.88	$1,000.76	127	10	$635.18	$781.05	$1,416.23

The current dividend yield is moderate with dividend growth negative. The current dividend yield is moderate (2% to 4% ranges) at 4.40%. The 5 year dividend yield is good (5% to 6% ranges) at 6.24%. The 10 year and historical median dividend yields are moderate at 4.79% and 4.91%. Dividends were cut in 2022 and 2023. They have been flat since then. Dividend were just over 40%. Analysts expect dividends to increase slightly in 2028.

The Dividend Payout Ratios (DPR) need improving. The DPR for 2025 for Earnings per Share (EPS) is far too high at 118% with 5 year coverage non-calculable due to earning losses. The DPR for 2025 for Adjusted Earnings per Share (AEPS) is too high at 76% with 5 year coverage also too high at 99%. The DPR for 2025 for Cash Flow per Share (CFPS) is good at 31% with 5 year coverage is high at 47%. The DPR for 2025 for Adjusted Funds from Operations (AFFO) is good at 34% with 5 year coverage at 47%. The DPR for 2025 for Free Cash Flow (FCF) is non-calculable due to negative FCF with 5 year coverage non-calculable due to negative FCF. FCF varied in 2025 for a negative $133M to a negative $182M.

Item	Cur	5 Years
EPS	118.18%	-148.35%
AEPS	76.47%	99.15%
CFPS	31.24%	46.67%
AFFO	33.83%	49.37%
FCF	-151.81%	-92.86%

Debt Ratios need improving and the company has too much debt. The Long Term Debt/Market Cap Ratio for 2025 is far too high at 1.31 and currently at 1.36. The Liquidity Ratio for 2025 is too low at 1.00 and 1.05 currently. If you added in Cash Flow after dividends, the ratios are still low at 1.333 and currently at 1.47. The Debt Ratio for 2025 is good at 1.56 and 1.56 currently. The Leverage and Debt/Equity Ratios for 2025 are too high at 3.17 and 2.04 and currently at 3.14 and 2.01.

Type	Year End	Ratio Curr
Lg Term	1.31	1.36
Intang/GW	0.29	0.31
Liquidity	1.00	1.05
Liq. + CF	1.33	1.47
Debt Ratio	1.56	1.56
Leverage	3.17	3.14
D/E Ratio	2.04	2.01

The Total Return per year is shown below for years of 5 to 28 to the end of 2025 in CDN$. Under the Capital Gain column is the portion of the Total Return attributable to capital gains. Under the Dividend column is the portion of the Total Return attributable to dividends. See chart below.

From	Years	Div. Gth	Tot Ret	Cap Gain	Div.
2020	5	-13.92%	-12.18%	-16.63%	4.44%
2015	10	-3.50%	4.21%	-2.53%	6.74%
2010	15	3.93%	11.65%	3.52%	8.13%
2005	20	-4.63%	4.88%	-1.06%	5.95%
2000	25	-3.93%	6.44%	-0.72%	7.16%
1997	28	-3.10%	6.71%	-0.76%	7.47%

The Total Return per year is shown below for years of 5 to 22 to the end of 2025 in US$. Under the Capital Gain column is the portion of the Total Return attributable to capital gains. Under the Dividend column is the portion of the Total Return attributable to dividends. See chart below.

From	Years	Div. Gth	Tot Ret	Cap Gain	Div.
2020	5	-15.18%	-13.56%	-17.87%	4.31%
2015	10	-3.40%	4.59%	-2.45%	7.04%
2010	15	1.73%	8.81%	1.34%	7.48%
2005	20	-5.40%	4.31%	-1.87%	6.17%
2003	22	-4.47%	5.91%	-1.26%	7.16%

The 5-year low, median, and high median Price/Earnings per Share Ratios are 20.33, 24.84 and 29.35. The corresponding 10 year ratios are 21.97, 25.32 and 28.12. The corresponding historical ratios are 23.61, 27.13 and 29.84. The current ratio is 17.40 based on a stock price of $8.40 and EPS estimate for 2026 of $0.48 ($0.34 US$). The current ratio is below the low ratio of the 10 year median ratios. This stock price testing suggests that the stock price is relatively cheap. This testing is in CDN$.

I also have Adjusted Earnings per Share (AEPS) data. The 5-year low, median, and high median Price/Earnings per Share Ratios are 12.56, 16.31 and 22.50. The corresponding 10 year ratios are 14.37, 17.54 and 22.55. The corresponding historical ratios are 14.69, 22.68 and 14.69. The current ratio is 16.42 based on a stock price of $5.91 and EPS estimate for 2026 of $0.36. The current ratio is between the low ratio and median ratios of the 10 year median ratios. T This stock price testing suggests that the stock price is relatively reasonable and below the median. This testing is in US$. You will get a similar result in CDN$.

I get a Graham Price of $9.75. The 10-year low, median, and high median Price/Graham Price Ratios are 0.97, 1.09 and 1.34. The current ratio is 0.86 based on a stock price of $8.40. The current ratio is below the low ratio of the 10 year median ratios. This stock price testing suggests that the stock price is relatively cheap. This testing is in CDN$.

I get a 10-year median Price/Book Value per Share Ratio of 1.62. The current ratio is 1.02 based on a stock price of $5.91, Book Value of $4,472M, and Book Value per Share of $5.82. The current ratio is 37% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively cheap. This testing is in US$. You will get a similar result in CDN$.

I also have a Book Value per Share estimate for 2026 of $6.16 US$. The analyst calculates the Book Value differently that I do and, in this case, the 10 year median ratio is 1.54. The Book Value per Share estimate for 2026 of $6.16 implies a Book Value of $4,735M and a ratio of 0.96 with a stock price of $9.51. This ratio is 38% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively cheap. This testing is in US$. You will get a similar result in CDN$.

I get a 10-year median Price/Cash Flow per Share Ratio of 10.11. The current ratio is 6.72 based on Cash Flow per Share estimate for 2026 of $0.88, Cash Flow of $676M and a stock price of $5.91. The current ratio is 34% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively cheap. This testing is in US$. You will get a similar result in CDN$.

I get an historical median dividend yield of 4.91%. The current dividend yield is 4.40% based on dividends of $0.26 and a stock price $5.91. The current dividend yield is 10% below the historical median dividend yield. This stock price testing suggests that the stock price is relatively reasonable but above the median. This testing is in US$. A similar test in CDN$ show that the stock price is relatively cheap. This may not be a good test because of dividend cuts.

I get a 10 year median dividend yield of 4.79%. The current dividend yield is 4.40% based on dividends of $0.26 and a stock price $5.91. The current dividend yield is 8% below the 10 year median dividend yield. This stock price testing suggests that the stock price is relatively reasonable but above the median. This testing is in US$. You will get a similar result in CDN$. This may not be a good test because of dividend cuts.

The 10-year median Price/Sales (Revenue) Ratio is 2.80. The current ratio is 1.74 based on Revenue estimate for 2026 of $2,613M, Revenue per share of $3.40 and a stock price of $5.91. The current ratio is 38% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively cheap. This testing is in US$. You will get a similar result in CDN$.

Results of stock price testing is that the stock price is probably cheap. The Dividend Yield tests are probably not good because of dividend cuts. The P/S Ratio testing is good and says that the stock price is relatively cheap. Most of the rest of the testing is saying that the stock price is either cheap or relatively reasonable and below the median. I did most of the testing in US$ as the financials are in US$ and the dividend is paid in US$.

When I look at analysts’ recommendations, I find Buy (5), and Hold (7). The consensus is Buy. The 12 month consensus stock price of $10.01 ($7.05 US$) with a high of $10.27 ($7.23 US$) and a low of $9.27($6.53 US$). The consensus stock price of $10.01 implies a total return of $23.57% with 19.18% from capital gains and 4.40% from dividends based on a current stock price of $8.40.

Interestingly, a number of analysts on Stock Chase thinks that they will be a good company now that they sold their renewable business. Christopher Liew on Motley Fool thinks this is a undervalued stock, but says be cautious mainly because the high DPRs. Jitendra Parashar on Motley Fool says you might want to consider this company because of its focus on being a pure-play regulated utility. The company put out a press release via Business Wire about their fourth quarter of 2025 results. The company put out a press release via Business Wire about their first quarter results for 2026.

Simply Wall Street via Yahoo Finance. Simply Wall Street says to own Algonquin today, you need to believe its shift to a pure-play regulated utility and “Back-to-Basics” plan can eventually translate into more stable, higher-quality earnings, despite low current returns on equity and operational growing pains. Simply Wall Street has two warnings of dividend of 4.39% is not well covered by earnings or free cash flows; and interest payments are not well covered by earnings.

Algonquin Power & Utilities Corp is a Canada-based diversified international generation, transmission, and distribution company. It operates in the United States, Canada, Bermuda, and Chile. Its web site is here Algonquin Power & Utilities Corp.

The last stock I wrote about was about was Sylogist Ltd (TSX-SYZ, OTC-SYZLF) ... learn more. The next stock I will write about will be Goeasy Ltd (TSX-GSY, OTC-EHMEF) ... learn more on Friday, June 26, 2026 around 5 pm. Tomorrow on my other blog I will write about 5 Dividend Stocks to Own.... learn more on Tuesday, June 23, 2016 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Sylogist Ltd

Sound bite for Twitter is: Dividend Paying Tech. Debt Ratios are mostly fine, but Liquidity Ratio needs to be improved. The Dividend Payout Ratios (DPR) are too high. The current dividend yield is low with dividend growth negative. See my spreadsheet on Sylogist Ltd.

Is it a good company at a reasonable price? This is a small cap stock with problems. It seems like it is trying to solve their problems. Analysts are hopeful. This is a high risk because the company is small and it has problems. It is an interesting stock to follow. It would seem to be quite cheap at this point.

I do not own this stock of Sylogist Ltd (TSX-SYZ, OTC-SYZLF). I learned about this stock from the newsletter I subscribe to.

When I was updating my spreadsheet, I noticed their web site says that they have annual and quarterly reports, you cannot download them. So, we have a software company that cannot set up a web site properly. I got all the information for the spreadsheets from other sites. This is the second year in which I cannot download financials for the company using their site. I also notice that there has been a large shareholder called OneMove Capital pushing for change.

If you had invested in this company in December 2015, for $1,007.76 you would have bought 114 shares at $8.84 per share. In December 2025, after 10 years you would have received $350.55 in dividends. The stock would be worth $657.78. Your total return would have been $1,008.33. This would be a total return of 1.01% per year with 4.18% from capital loss and 4.19% from dividends.

Cost	Tot. Cost	Shares	Years	Dividends	Stock Val	Tot Ret
$8.84	$1,007.76	114	10	$350.55	$657.78	$1,008.33

The current dividend yield is low with dividend growth negative. The current dividend yield is low (below 2% per year) at 1.08%. The 5 year median dividend yield is also low at 0.65%. The 10 year and historical median dividend yields are moderate (2% to 4% ranges) at 3.02% and 3.02%.

The Dividend Payout Ratios (DPR) are too high. The DPR for 2025 for Earnings per Share (EPS) is non-calculable due to negative EPS with 5 year coverage far too high at 933%. The DPR for 2025 for Adjusted Earnings per Share (AEPS) non-calculable due to negative AEPS with 5 year coverage too high at 90%. The DPR for 2025 for Cash Flow per Share (CFPS) is good at 29% with 5 year coverage too high at 51%. The DPR for 2025 for Free Cash Flow (FCF) is too high at 54% with 5 year coverage too high at 88%. There is no agreement on what the FCF is and it goes from a negative $0.11M to $1.74M. I am using the $1.74M.

Item	Cur	5 Years
EPS	-20.00%	933.33%
AEPS	NC	90.48%
CFPS	28.56%	51.48%
FCF	53.79%	87.57%

Debt Ratios are mostly fine, but Liquidity Ratio needs to be improved. The Long Term Debt/Market Cap Ratio for 2025 is good at 0.14 and currently at 0.23. The Liquidity Ratio for 2025 is far too low at 0.82 and 0.76 currently. If you added in Cash Flow after dividends, the ratios are still far too low at 0.84 and currently at 0.73. The Debt Ratio for 2025 is good at 1.61 and 1.54 currently. The Leverage and Debt/Equity Ratios for 2025 are fine at 2.64 and 1.64 and currently at 2.86 and 1.86.

Type	Year End	Ratio Curr
Lg Term R	0.14	0.23
Intang/GW	0.46	0.67
Liquidity	0.82	0.76
Liq. + CF	0.84	0.73
Debt Ratio	1.61	1.54
Leverage	2.64	2.86
D/E Ratio	1.64	1.86

The Total Return per year is shown below for years of 5 to 27 to the end of 2025. Under the Capital Gain column is the portion of the Total Return attributable to capital gains. Under the Dividend column is the portion of the Total Return attributable to dividends. See chart below.

From	Years	Div. Gth	Tot Ret	Cap Gain	Div.
2020	5	-37.95%	-11.13%	-13.33%	2.20%
2015	10	-16.58%	0.01%	-4.18%	4.18%
2010	15	-3.08%	14.14%	6.23%	7.90%
2005	20		11.17%	6.00%	5.17%
2000	25		7.26%	3.95%	3.31%
1998	27		0.58%	-1.45%	2.02%

The 5-year low, median, and high median Price/Earnings per Share Ratios are 45.25, 76.39, and 98.61. The corresponding 10 year ratios are 24.24, 30.17 and 37.33. The corresponding historical ratios are 13.95, 19.50 and 23.66. The current ratio is negative because of earning losses. I can do not testing here.

I also have Adjusted Earnings per Share (AEPS) data. The 5-year low, median, and high median Price/Adjusted Earnings per Share Ratios are 18.72, 32.09 and 45.45. The corresponding 10 year ratios are 20.40, 29.00 and 33.77. The corresponding historical ratios are 17.53, 23.48 and 31.65. The current ratio is negative because of earning losses. I unfortunately can do no testing here either.

I get a Graham Price of $1.14. The 10-year low, median, and high median Price/Graham Price Ratios are 2.15, 2.68 and 3.59. The current ratio is 3.24 based on a stock price $3.70. The current ratio is between the median and high ratio of the 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable but above the median. However, you must wonder how good this test is because I had to sort of guess at some of the Graham Prices because of earning losses.

I get a 10-year median Price/Book Value per Share Ratio of 5.28. The current ratio is 3.19 based on a stock price of $3.70, Book Value of $27M and Book Value per Share of $1.16. The current ratio is 40% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively cheap.

I get a 10-year median Price/Cash Flow per Share Ratio of 17.48. However, the Cash Flow is negative and I can do no testing here.

I get an historical median dividend yield of 3.02%. The current ratio is 1.08% based on dividends of $0.04 and a stock price of $3.70. This dividend yield is 64% below the historical median dividend yield. This stock price testing suggests that the stock price is relatively expensive. This is not a good test because of decreasing dividends.

I get a 10 year median dividend yield of 3.02%. The current ratio is 1.08% based on dividends of $0.04 and a stock price of $3.70. This dividend yield is 64% below the 10 year median dividend yield. This stock price testing suggests that the stock price is relatively expensive. This is not a good test because of decreasing dividends.

The 10-year median Price/Sales (Revenue) Ratio is 6.08. The current ratio is 1.42 based on Revenue estimate for 2026 of $60.6M, Revenue per Share of $2.60 and a stock price of $3.70. The current ratio is 77% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively cheap.

Results of stock price testing is that the stock price is probably cheap. The dividend yield tests are probably not valid tests but the P/S Ratio test is a good one and it says that the stock price is relatively cheap. The only other good test is the P/B Ratio test and it also says that the stock price is relatively cheap.

When I look at analysts’ recommendations, I find Strong Buy (2), Buy (1) and Hold (2). The current consensus is a Buy. The 12 month stock price consensus is $5.06 with a high of $6.00 and low of $3.75. The consensus stock price of $5.06 implies a total return of 37.84%, with 36.76% from capital gains and 1.08% from dividends based on a current stock price of $3.70.

This stock was liked by analysts on Stock Chase in 2025. There have been no further entries since May 2025. Aditya Raghunath on Motley Fool says it is down 79% from its all-time high and since the company’s transformation is nearly complete, and the upside could be enormous. The company put out a Press Release about their fourth quarter of 2025. The company put out a press release via Globe Newswire about their first quarter of 2026.

Simply Wall Street via Yahoo Finance and talks about the Independent Chairman of Sylogist Ltd buying stock. Simply Wall Street has two warnings on this stock of debt is not well covered by operating cash flow; and does not have a meaningful market cap (CA$87M).

OneMove Capital Calls for Urgent Change at Sylogist. This news release talks about board elections in 2026 with Board recommended directors and one board recommended dissident director elected. This notice fromSylogist talks about the appointment of a new CEO. See what Wolf of Oakville says.

Sylogist Ltd is a software company that provides software-as-a-service (SaaS) solutions that provides ERP, CRM, fundraising, education administration, and payments solutions to education verticals, including fund accounting, grant management, and payroll to public service organizations. The majority of the revenue comes from the United States of America. Its web site is here Sylogist Ltd.

The last stock I wrote about was about was Ensign Energy Services (TSX-ESI, OTC-ESVIF) ... learn more. The next stock I will write about will be Algonquin Power & Utilities Corp (TSX-AQN, NTSE-AQN) ... learn more on Wednesday, June 24, 2026 around 5 pm. Tomorrow on my other blog I will write about Marriages and Wage Gaps .... learn more on Tuesday, June 23, 2016 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Ensign Energy Services

Sound bite for Twitter is: Small Cap Industrial. Results of stock price testing is that the stock price is probably still reasonable, but it is above the median. Debt Ratios are fine, but it does have a high debt level. The company stopped paying dividends in 2020 after having paid dividends since 1995. See my spreadsheet on Ensign Energy Services.

Is it a good company at a reasonable price? I plan to hold on to the shares I have at this time. I have no intentions of buying more. My purchase of this stock is with my fooling around money. This stock tends to cyclical in nature. I do not think that it is really cheap enough to buy at this time. My testing is saying that it is reasonable, but above the median.

I own this stock of Ensign Energy Services (TSX-ESI, OTC-ESVIF). I bought this stock in June 2012. I had been following this stock for some time. I sold this stock in December 2014 to buy Mullen instead. I know I would be selling Ensign at a loss, but I also could buy Mullen cheaply. See my post on Ensign and Mullen. In June 2020, Ensign was selling at $0.74. It was quite a low, so I bought some. I again bought more in May 2021 at $1.33. If you consider my adventure in this stock from 2012, I have still made a profit of 3.78% per year. If you just consider what I bought from 2020, my total return is 29.51% per year.

When I was updating my spreadsheet, I noticed I have had this stock twice. The first time I bought in 2012 and sole in 2014 at a loss. When I was very cheap in 2020 and 2021, I bought again.

I see that revenue has declined both of the last 2 years. However, insider hold a lot of stocks. The CEO and one director both have over 1M shares. The chairman has 43M shares.

In the chart below, I am showing 5 and 10 year total growth and per year growth in columns 3 and 4. Column 5 shows growth over 12 months to the first quarter in 2026 and expected growth over this year. You can see that there is growth in the last 5 years, but not in the last 10 years. There is also not much growth in the first part of this year but growth is expected this year.

Yr	Item	Tot. Growth	Per Year	Growth	Coverage
5	Revenue Growth	74.94%	11.84%	-1.13%	<-12 mths
5	FFO Growth	53.85%	9.00%	-2.00%	<-12 mths
5	Net Income Growth	51.14%	8.61%	-38.12%	<-12 mths
5	Cash Flow Growth	33.61%	5.97%	-2.71%	<-12 mths
5	Dividend Growth	0.00%	0.00%	0.00%	<-12 mths
5	Stock Price Growth	179.12%	22.79%	57.09%	<-12 mths
10	Revenue Growth	17.82%	1.65%	4.34%	<-this year
10	FFO Growth	3.09%	0.31%	-4.50%	<-this year
10	Net Income Growth	0.00%	0.00%	36.40%	<-this year
10	Cash Flow Growth	-19.96%	-2.20%	0.43%	<-this year
10	Dividend Growth	0.00%	0.00%	0.00%	<-this year
10	Stock Price Growth	-65.58%	-10.12%	57.09%	<-this year

If you had invested in this company in December 2015, for $1,003.68 you would have bought 136 shares at $7.38 per share. In December 2025, after 10 years you would have received $277.44 in dividends. The stock would be worth $345.44. Your total return would have been $622.88. This would be a total loss of 6.43% per year with 10.12% from capital loss and 3.68% from dividends.

Cost	Tot. Cost	Shares	Years	Dividends	Stock Val	Tot Ret
$7.38	$1,003.68	136	10	$277.44	$345.44	$622.88

If you had invested in this company in December 2020, for $1,000.09 you would have bought 1,099 shares at $0.91 per share. In December 2025, after 10 years you would have received $0.00 in dividends. The stock would be worth $2,791.46. Your total return would have been $2,791.46. This would be a total gain of 22.79% per year with 22.79% from capital gain and 0.00% from dividends.

Cost	Tot. Cost	Shares	Years	Dividends	Stock Val	Tot Ret
$0.91	$1,000.09	1,099	5	$0.00	$2,791.46	$2,791.46

The company stopped paying dividends in 2020 after having paid dividends since 1995. It is not clear when or if they will pay dividends again. According to AI the company suspended its dividend in early 2020 due to market instability and has not reinstated it, choosing instead to prioritize significant corporate debt reduction and balance sheet deleveraging

Debt Ratios are fine, but it does have a high debt level. The Long Term Debt/Market Cap Ratio for 2025 is too high at 2.01 and currently at 1.28. The Liquidity Ratio for 2025 is low at 1.35 and 1.31 currently. If you added in Cash Flow after dividends, the ratios are fine at 2.58 and currently at 2.44. The Debt Ratio for 2025 is good at 1.94 and 1.93 currently. The Leverage and Debt/Equity Ratios for 2025 are fine at 2.06 and 1.06 and currently at 2.08and 1.08.

Type	Year End	Ratio Curr
Lg Term	2.01	1.28
Intang/GW	0.00	0.00
Liquidity	1.34	1.31
Liq. + CF	2.58	2.44
Debt Ratio	1.94	1.93
Leverage	2.06	2.08
D/E Ratio	1.06	1.08

The Total Return per year is shown below for years of 5 to 34 to the end of 2025. Under the Capital Gain column is the portion of the Total Return attributable to capital gains. Under the Dividend column is the portion of the Total Return attributable to dividends. See chart below.

From	Years	Div. Gth	Tot Ret	Cap Gain	Div.
2020	5	0.00%	22.79%	22.79%	0.00%
2015	10	0.00%	-6.43%	-10.12%	3.68%
2010	15	0.00%	-7.68%	-11.18%	3.50%
2005	20	0.00%	-7.40%	-10.52%	3.12%
2000	25	0.00%	-0.14%	-5.04%	4.90%
1995	30	0.00%	13.35%	2.63%	10.72%
1991	34	0.00%	25.35%	8.34%	17.01%

The 5-year low, median, and high median Price/Earnings per Share Ratios are all negative and so useless. The corresponding 10 year ratios are negative and therefore useless. The corresponding historical ratios are 8.23, 12.18 and 16.24. The current ratio is negative and so no testing can be done here.

I also have Funds Flow from Operations (FFO) data. The 5-year low, median, and high median Price/ Funds Flow from Operations Ratios are 0.86, 1.31 and 1.72. The corresponding 10 year ratios are 0.89, 1.53 and 2.33. The corresponding historical ratios are 3.16, 4.68 and 5.52. The current ratio is 1.88 based on FFO of $1.91 and a stock price of $3.60. This ratio is between median and high ratios of the 10 year median ratios. This stock price testing suggests that the stock price is relatively reasonable but above the median.

I get a Graham Price of $3.77 (with EPS in the formula). The 10-year low, median, and high median Price/Graham Price Ratios are 0.44, 0.67 and 0.89. The current ratio is 0.96 based on a stock price of $3.60. This ratio is above the high ratio of the 10 year median ratio. However, since the EPS was negative so often, I had to guess at the Graham Price for a number of years, this is probably not a good test.

I get a Graham Price of $17.35 (with FFO in the formula). The 10-year low, median, and high median Price/Graham Price Ratios are 0.10, 0.16 and 0.23. The current ratio is 0.21 based on a stock price of $3.60. This ratio is between the median and high ratios of the 10 year median ratios. This stock price testing suggests that the stock price is relatively reasonable but above the median.

I get a 10-year median Price/Book Value per Share Ratio of 0.44. The current ratio is 0.51 based on a Book Value of $1,291M, Book Value per Share of $7.00 and a stock price of $3.60. The current ratio is 17% above the 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable but above the median.

I also have a Book Value per Share estimate for 2026 of $7.03. In this case the ratio is 0.51 based on a Book Value per Share of $7.03, Book Value of $1,295M and a stock price of $3.60. the current ratio is 16% above the 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable but above the median.

I get a 10-year median Price/Cash Flow per Share Ratio of 1.73. The current ratio is 2.00 based on Cash Flow per Share estimate for 2026 of $1.80, Cash Flow of $331.4M and a stock price of $3.60. The current ratio is 15% above the 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable but above the median.

I cannot do any dividend yield testing as this stock does not have a dividend.

The 10-year median Price/Sales (Revenue) Ratio is 0.34. The current P/S Ratio is 0.39 based on Revenue estimate for 2026 of $1,710M, Revenue per Share of $9.28 and a stock price of $3.60. The current ratio is 14% above the 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable but above the median.

Results of stock price testing is that the stock price is probably still reasonable, but it is above the median. The P/S Ratio testing is saying that the stock price is reasonable but above the median. In fact, all the good tests are saying the same thing.

When I look at analysts’ recommendations, I find Buy (1) and Hold (4). The consensus is a Hold. The 12 month stock price consensus is $4.30 with a high of $5.00 and a low of $3.75. This implies a total return of 19.44% with 19.44% from capital gains and 0.00% from dividends based on a current stock price of $3.60.

Analysts on Stock Chase have entries for 2025 but not 2026. The reviews for 2025 are a mixed bag. One said that the company was caught in challenging times with a lot of debt. The was probably the best comment. Some thought it a buy and others said Do Not Buy. Most were just comments. Aditya Raghunath on Motley Fool says to buy undervalued Canadian stock that are growing. My spreadsheet shows this company has been growing over the past 5 years. Amy Legate-Wolfe on Motley Fool also says to buy for potential strong growth. The company put out a Press Release about their fourth quarter of 2025. The company put out a Press Release about their first quarter of 2026.

Simply Wall Street via Yahoo Finance reviews this company. They give the pros and cons of investing in this company. Simply Wall Street has one warning of Significant insider selling over the past 3 months. Sites seem to confuse not taking up options and sell. However, the CEO and two officers I follow bought shares over the past year. The CFO is new and I have not data on him. Also, one of the directors I follow bought shares in the past year. The rest of the officers and directors I follow did not change the number of shares held in the past year.

Ensign Energy Services Inc provides oilfield services to the crude oil and natural gas industries in Canada, the United States, and internationally. Geographically the company operates in nine countries; Canada, the United States, Argentina, Australia, Bahrain, Kuwait, Oman, United Arab Emirates, and Venezuela. Its web site is here Ensign Energy Services.

The last stock I wrote about was about was Adentra Inc (TSX-ADEN, OTC-HDIUF) ... learn more. The next stock I will write about will be Sylogist Ltd (TSX-SYZ, OTC-SYZLF) ... learn more on Monday, June 22, 2026 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Adentra Inc

Sound bite for Twitter is: Dividend Growth Materials. Results of stock price testing is that the stock price is probably still reasonable. Debt Ratios are fine. The Dividend Payout Ratios (DPR) are good. The current dividend yield is low with dividend growth moderate. See my spreadsheet on Adentra Inc.

Is it a good company at a reasonable price? This is a small cap stock that hit a high of $46.02 in 2022 and has not been able to top that since. It is risky because it is small. Analysts seem to think that the stock will have a break-out within the next 12 months. Maybe or maybe not. I think it is a good company, but the highs it is reaching are lower than in the past. I plan to hold on to the shares that I have. My testing is showing that it is at a reasonable price.

I own this stock of Adentra Inc (TSX-ADEN, OTC-HDIUF). In April 2017, I asked for suggestions on what stocks I should now follow because of a number that I had followed had been bought out. This was one of the suggestions. I bought the stock in 2020 as Hardwoods Distribution Inc (TSX-HDI, OTC- HDIUF). In 2022 the company changed its name to Adentra Inc (TSX-ADEN, OTC-HDIUF). So I have had this stock for around 6 years.

When I was updating my spreadsheet, I noticed I am currently doing well with this stock. My total return is 11.39% per year with 9.18% from capital gains and 2.21% from dividends. I have had this stock for 6 years with some in my Trading Account and some in my RIF account. Note that the financial statements are in US$ and the dividends are paid in CDN$.

If you had invested in this company in December 2015, for $1,004.85 you would have bought 55 shares at $18.27 per share. In December 2025, after 10 years you would have received $220.28 in dividends. The stock would be worth $1,868.90. Your total return would have been $2,089.18. This would be a total return of 7.99% per year with 6.40% from capital gain and 1.58% from dividends.

Cost	Tot. Cost	Shares	Years	Dividends	Stock Val	Tot Ret
$18.27	$1,004.85	55	10	$220.28	$1,868.90	$2,089.18

The current dividend yield is low with dividend growth moderate. The current dividend yield is low (below 2%) at 1.89%. The 5, 10 and historical dividend yields are also low at 1.66%, 1.69% and 1.88%. The dividend growth is moderate (between 8% and 14% per year) at 12% per year over the past 5 years. The last dividend increase was in 2026 and it was for 6.7%.

The Dividend Payout Ratios (DPR) are good. The DPR for 2025 for Earnings per Share (EPS) is good at 16% with 5 year coverage at 12%. The DPR for 2025 for Adjusted Earnings per Share (AEPS) is good at 17% with 5 year coverage at 12%. The DPR for 2025 for Cash Flow per Share (CFPS) is good at 5% with 5 year coverage at 4%. The DPR for 2025 for Free Cash Flow (FCF) is good at 7% with 5 year coverage at 5%. FCF varies from $147.30 to $150.15. I am using the $150.15 value.

Item	Cur	5 Years
EPS	16.15%	11.62%
AEPS	16.71%	11.71%
CFPS	5.17%	4.40%
FCF	7.10%	5.09%

Debt Ratios are fine. The Long Term Debt/Market Cap Ratio for 2025 is good at 0.35 and currently at 0.33. The Liquidity Ratio for 2025 is good at 1.55 and 1.50 currently. If you added in Cash Flow after dividends, the ratios are fine at 2.05 and currently at 1.76. The Debt Ratio for 2025 is good at 1.95 and 1.83 currently. The Leverage and Debt/Equity Ratios for 2025 are fine at 2.05 and 1.05 and currently at 2.21 and 1.21.

Type	Year End	Ratio Curr
Lg Term	0.35	0.33
Intang/GW	0.85	0.79
Liquidity	2.05	1.76
Liq. + CF	2.58	1.91
Debt Ratio	1.95	1.83
Leverage	2.05	2.21
D/E Ratio	1.05	1.21

The Total Return per year is shown below for years of 5 to 21 to the end of 2025 in CDN$. Under the Capital Gain column is the portion of the Total Return attributable to capital gains. Under the Dividend column is the portion of the Total Return attributable to dividends. See chart below.

From	Years	Div. Gth	Tot Ret	Cap Gain	Div.
2020	5	12.03%	7.84%	6.06%	1.78%
2015	10	11.61%	7.99%	6.40%	1.58%
2010	15	0.00%	22.92%	19.53%	3.39%
2005	20	-2.90%	11.49%	8.38%	3.11%
2004	21	-0.92%	7.52%	5.14%	2.38%

The Total Return per year is shown below for years of 5 to 21 to the end of 2025 in US$. Under the Capital Gain column is the portion of the Total Return attributable to capital gains. Under the Dividend column is the portion of the Total Return attributable to dividends. See chart below.

From	Years	Div. Gth	Tot Ret	Cap Gain	Div.
2020	5	10.39%	4.70%	2.93%	1.76%
2015	10	11.73%	7.78%	6.07%	1.71%
2010	15	0.00%	20.22%	16.92%	3.30%
2005	20	-3.68%	10.41%	7.12%	3.30%
2004	21	-1.53%	6.76%	4.18%	2.58%

The 5-year low, median, and high median Price/Earnings per Share Ratios are 6.68, 8.38 and 10.09. The corresponding 10 year ratios are 7.69, 10.43 and 14.83. The corresponding historical ratios are 7.69, 10.47 and 14.09. The current ratio is 9.90 based on a stock price of $33.91 and EPS estimate for 2026 of $3.42. The current ratio is between the low and median ratios of the 10 year median ratios. This stock price testing suggests that the stock price is relatively reasonable and below the median. This is in CDN$.

I also have Adjusted Earnings per Share (AEPS) data. The 5-year low, median, and high median Price/Adjusted Earnings per Share Ratios are 6.91, 8.67 and 10.43. The corresponding 10 year ratios are 7.05, 9.14 and 11.26. The corresponding historical ratios are 7.05, 9.30 and 11.43. The current ratio is 9.86 based on a stock price of $33.91 and EPS estimate for 2026 of $3.42. The current ratio is between the median and high ratios of the 10 year median ratios. This stock price testing suggests that the stock price is relatively reasonable but above the median. This is in CDN$.

I get a Graham Price of $46.23. The 10-year low, median, and high median Price/Graham Price Ratios are 0.57, 0.77 and 0.93. The current ratio is 0.73 based on a stock price of $33.91. This ratio is between the low and median ratio of the 10 year median ratios. This stock price testing suggests that the stock price is relatively reasonable and below the median. This is in CDN$.

I get a 10-year median Price/Book Value per Share Ratio of 1.18. The current P/B Ratio is 0.83 based on a Book Value of $669.4M, Book Value per Share of $27.62 and a stock price of $22.86. The current ratio is 30% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively cheap. This testing is in US$ and you will get similar results in CDN$.

I also have a Book Value per Share estimate for 2026 of $28.61. This implies a ratio of 0.80 with a Book Value of $693.1M and a stock price of $22.86. This ratio is 32% below the 10 year median ratio of 1.18. This stock price testing suggests that the stock price is relatively cheap. This testing is in US$ and you will get similar results in CDN$.

I get a 10-year median Price/Cash Flow per Share Ratio of 3.82. The current ratio is 8.14 based on Cash Flow per Share estimate for 2026 of $2.81, Cash Flow of $68.08 and a stock price of $22.86. The current ratio is 113% above the 10 year median ratio. This stock price testing suggests that the stock price is relatively expensive. This testing is in US$ and you will get similar results in CDN$. (Note that Cash Flow per Share has varied a lot and the CFPS estimate for 2025 is 58% below the one for 2025. I do not think this is a good test.)

I get an historical median dividend yield of 1.88%. The current dividend yield is 1.89% based on dividends of $0.64 and a stock price of $33.91. The current dividend yield is 0.4% above the historical median dividend yield. This stock price testing suggests that the stock price is relatively reasonable but above the median. This is in CDN$.

I get a 10 year median dividend yield of 1.69%. The current dividend yield is 1.89% based on dividends of $0.64 and a stock price of $33.91. The current dividend yield is 11% above the 10 year median dividend yield. This stock price testing suggests that the stock price is relatively reasonable but above the median. This is in CDN$.

The 10-year median Price/Sales (Revenue) Ratio is 0.29. The current P/S Ratio is 0.24 based on a stock price of $22.86, Revenue estimate for 2026 of $2,274M and Revenue per Share of $93.86. The current ratio is 17% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable and below the median. This testing is in US$ and you will get similar results in CDN$.

Results of stock price testing is that the stock price is probably still reasonable. The dividend yield testing is saying that the stock price is reasonable but above the median. The P/S Ratio testing says it is reasonable and below the median. Most of the rest of the testing is saying that the stock price is reasonable but above or below the median.

When I look at analysts’ recommendations, I find Strong Buy (4), Buy (5). The consensus would be a Strong Buy. The 12 months stock price consensus is $49.27 ($35.11 US$), with a high of $62.76 ($44.72 US$) and low of $42.31 ($30.15 US$). The 12 months consensus stock price of $49.27 implies a total return of 47.19% with 45.31% from capital gains and 1.89% from dividends based on a current stock price of $33.91.

There are only two entries on Stock Chase for this stock dated in 2023 and 2024. Both are Top Pick. Amy Legate-Wolfe on Motley Fool says the stock is inexpensive but has risk, but the stock could benefit is if the TSX starts rewarding real execution over rate-driven hype. Sneha Nahata on Motley Fool says buy cheap small cap stocks are trading cheap and can deliver above-average capital gains as they scale and gain higher market share. The company put out a Press Release about their fourth quarter of 2025 results. The company put out a Press Release about their results for the first quarter of 2026.

Simply Wall Street via Yahoo Finance reviews this stock. They say it has a negative accrual ratio and that is a good thing. Simply Wall Street has two warnings of earnings are forecast to decline by an average of 30.1% per year for the next 3 years; and interest payments are not well covered by earnings.

ADENTRA Inc is a distributor of architectural building products serving residential, repair and remodel, and commercial construction markets through regional customer service centers with some light manufacturing capabilities. The Company operates across North America, with the majority of sales generated in the United States and additional operations in Canada. Its web site is here Adentra Inc.

The last stock I wrote about was about was IA Financial Corp (TSX-IAG, OTC-IDLLF) ... learn more. The next stock I will write about will be Ensign Energy Services (TSX-ESI, OTC-ESVIF) ... learn more on Friday, June 19, 2026 around 5 pm. Tomorrow on my other blog I will write about Manulife, Canadian Tire, Atkinsrealis.... learn more on Thursday, June 18, 2026 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Also, on my book blog I have put a review of the book Land between the Rivers by Bartle Bull learn more...