Is International Road Dynamics (TSX:IRD) a value stock?

Based in Saskatoon, International Road Dynamics Inc. (TSX:IRD) is a highway traffic management technology company. The Company develops technology solutions to detect and weigh vehicles at highway speeds. Their products also include toll systems and traffic data collection systems. IDC’s customers include State and Federal Departments of Transportation, Cities and Towns, Counties, Municipalities, and private businesses.

Quant Snapshot: International Road Dynamics

1. Price to sales: 0.42:

As of Q4 and FY 2009(February 24th, 2010) The Company had 14 million shares issued and outstanding. The price, as of Friday, February 26th was $.87 This gives The Company a market capitalization of $12.18 million. Sales in the trailing four quarters totaled $49.02 million.

2. Cash to Market Cap: 9.5%:

As of Q4 2009 (Feb 24th, 2010) International Road Dynamics had $1.16 million in cash and short term investments. The Company’s market cap, as of February 26th, 2010 was $12.18 million

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3. Debt to Market Cap: 19.5%:

As of Q4, 2009 International Road Dynamics had $2.37 in long term debt. The company’s market cap, as of February 26th, 2010 was $12.18 million.

4. Three Year Growth Rate: 13.09%.

The Company reported revenue of 34.48 million in 2006. This number grew to $49 million in 2009.

5. Enterprise Value to Sales: 27.3%:

Enterprise Value as of Q4 2009 is $13.39 million, based on a
market cap of $12.18 million plus $2.37 million long term debt, minus cash and short term investments of $1.16 million. Sales for the trailing four quarters totaled $49.02 million.

All financial information about International Road Dynamics is gleaned from their filings with the System for Electronic Document Analysis and
Retrieval (SEDAR) All calculations are based on The Company’s closing share price as of close February 26th, 2010: $0.87
Sales from trailing four quarters: $49.02
Cash and short term investments as of September 30,2009 (Q3 2009 Quarter): $1.16 million
Shares outstanding: 14 million.