Calgary’s CriticalControl Solutions isn’t all about the patch, but that’s where many believe their future growth will lie. The Company’s Enterprise Content Management Solutions (ECM) serve provincial government ministries and the health care field. But it’s the technology of ProTrend, which allows gas producers to schedule fluid sampling at the wellsite, manage fluid analysis and make sure they are complying with all the necessary regulations, that is gaining rapid acceptance in the industry. This past summer, CriticalControl announced there are now 100,000 active meters on this system. Shares of the company predictably dipped in late 2008, but bettered the market in its recovery. Despite steadily improving numbers the stock began to trail off again mid year. Do shares of CriticalControl now represent value? We examine the balance sheet in an updated Quant Snapshot.
1. Price to sales: .59 x Sales
As of June 30th, 2010 (Q2, 2010) CriticalControl had 46.33 million shares
outstanding.The price as of October 5, 2010 was $.55. This gives The Company a market capitalization of $25.4 million. In the trailing four quarters, sales totaled $43.41 million.
2. Cash to Market Cap: 2.48%
As of Q2, 2010, CriticalControl”s reported cash and short term investments was $630,000 The Company’s Market Cap, as of October 4th was $25.4 million.
3. Debt to market Cap: 27.2%
As of June 30th, 2010 (Q2, 2010) CriticalControl has $6.92 million Long Term Debt.
4. Trailing Three year growth rate: 10.8%
CriticalControl’s sales were $21.76 million in 2006. Sales grew to $29.63 million
5. Enterprise Value to Sales: .73 x Sales
Enterprise Value as of Q2, 2010 is $31.69 million, based on a
market cap of $25.4. million plus long term debt of $6.92 million, minus cash
and short term investments of of $630,000. Sales for the trailing four quarters totaled $43.41 million.
All financial information about CriticalControl is gleaned from
their filings with the System for Electronic Document Analysis and
All calculations are based on The Company’s closing share price as of
close October 5th, 2010: $.55
Sales from trailing four quarters: $43.41 million
Cash and short term investments as of June 30, 2010 (Q2, 2010): $630,000
Shares outstanding: $46.33 million.