NamSys (TSE:CTZ)
:CTZ
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NamSys
(CTZ)
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Rating:75Outperform
Price Target:
C$1.50
▲(8.70% Upside)
Action:ReiteratedDate:03/30/26
The score is driven primarily by strong financial performance—high margins, strong ROE, and a near debt-free balance sheet—partly offset by a mixed technical picture (below the 20DMA and 200DMA, neutral momentum) and only moderately supportive valuation (P/E ~14.9 with no dividend data).
Positive Factors
High Profitability
Sustained, very high margins across gross, EBIT and net lines indicate durable pricing power and operating leverage in a software business. For a payments/cash-management vendor, these margins support reinvestment in product, high free cash conversion and resilience to cyclical revenue swings.
Negative Factors
Cash-Flow Volatility History
Historical swings—such as negative cash flow in 2021 despite profitability—signal working-capital or timing volatility risk. Such episodes can pressure liquidity during stress periods and complicate multi-period planning for investments or client implementations.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability
Sustained, very high margins across gross, EBIT and net lines indicate durable pricing power and operating leverage in a software business. For a payments/cash-management vendor, these margins support reinvestment in product, high free cash conversion and resilience to cyclical revenue swings.
Read all positive factors
NamSys (CTZ) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$33.61M
Dividend YieldN/A
Average Volume (3M)40.28K
Price to Earnings (P/E)12.8
Beta (1Y)0.14
Revenue Growth12.32%
EPS Growth3.30%
CountryCA
Employees27
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.02
Shares Outstanding26,889,433
10 Day Avg. Volume65,638
30 Day Avg. Volume40,281
Financial Highlights & Ratios
PEG Ratio0.77
Price to Book (P/B)3.44
Price to Sales (P/S)4.70
P/FCF Ratio16.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
NamSys Business Overview & Revenue Model
Company Description
NamSys Inc. provides software solutions for currency management and processing for the banking and merchant industries principally in North America. The company offers Cirreon Smart Safe, a cloud-based digital platform for managing networks of sma...
How the Company Makes Money
NamSys makes money primarily by selling and licensing its enterprise software to financial institutions and related organizations, and by providing ongoing services tied to those deployments. Key revenue streams typically include: (1) software lic...
NamSys Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
93
Very Positive
Cash Flow
84
Very Positive
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.89M | 6.84M | 6.09M | 5.39M | 4.98M |
| Gross Profit | 5.07M | 4.27M | 3.65M | 3.15M | 2.99M |
| EBITDA | 3.15M | 2.58M | 2.11M | 1.78M | 1.90M |
| Net Income | 2.49M | 2.09M | 1.61M | 1.39M | 1.27M |
Balance Sheet | |||||
| Total Assets | 11.63M | 9.24M | 8.59M | 6.71M | 5.46M |
| Cash, Cash Equivalents and Short-Term Investments | 10.18M | 8.05M | 7.22M | 5.51M | 4.56M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 11.20K |
| Total Liabilities | 846.96K | 972.83K | 840.94K | 659.41K | 810.27K |
| Stockholders Equity | 10.79M | 8.26M | 7.75M | 6.05M | 4.65M |
Cash Flow | |||||
| Free Cash Flow | 2.19M | 2.50M | 1.65M | 952.71K | -1.62M |
| Operating Cash Flow | 2.20M | 2.51M | 1.66M | 962.02K | -1.61M |
| Investing Cash Flow | -2.16M | -1.12M | -5.15M | 1.21M | 2.69M |
| Financing Cash Flow | -9.30K | -1.69M | -103.42K | -11.25K | -67.50K |
NamSys Technical Analysis
Positive
1.38
Price Trends
1.14
Positive
1.15
Positive
1.23
Positive
Market Momentum
0.02
Negative
56.28
Neutral
73.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CTZ, the sentiment is Positive. The current price of 1.38 is above the 20-day moving average (MA) of 1.20, above the 50-day MA of 1.14, and above the 200-day MA of 1.23, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 56.28 is Neutral, neither overbought nor oversold. The STOCH value of 73.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:CTZ.
NamSys Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | C$33.61M | 12.78 | 23.36% | ― | 12.32% | 3.30% | |
68 Neutral | C$16.25M | 35.24 | 3.62% | ― | 9.74% | -19.20% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
51 Neutral | C$34.04M | -6.96 | 83.70% | ― | -43.06% | 77.47% | |
45 Neutral | C$7.68M | -2.20 | -8232.51% | ― | -1.99% | -63.78% | |
44 Neutral | C$36.32M | -3.37 | -23.29% | ― | 446.33% | 4.31% | |
44 Neutral | C$10.63M | 1,011.69 | 446.71% | ― | 11.48% | -84.85% |
* Technology Sector Average
TSE:CTZ
NamSys
1.26
0.11
9.85%
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NamSys Corporate Events
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
NamSys Grows Revenue and Cash Reserves While Boosting Shareholder Returns in Q1
Positive
Mar 27, 2026
NamSys reported first-quarter fiscal 2026 revenue of $2.13 million, up 10% year over year, with operating income rising 17% to $0.94 million and operating margin improving to 44% despite a slight decline in gross margin to 64%. Net income slipped ...
DividendsFinancial Disclosures
NamSys Declares One-Time Special Dividend Amid Strong Financial Performance
Positive
Feb 25, 2026
NamSys Inc., a TSXV-listed provider of cloud-based, software-as-a-service solutions for cash processing and transportation, develops proprietary systems that improve how retailers, banks, and cash-in-transit companies manage currency and other val...
Business Operations and StrategyFinancial Disclosures
NamSys Posts Record Fiscal 2025 With Double-Digit Revenue and Profit Growth
Positive
Feb 25, 2026
NamSys Inc., a Toronto-based cash management technology provider, reported a record fiscal 2025 driven by strong growth in its cloud-based SaaS solutions for retailers, financial institutions, and cash-in-transit operators. The company continues t...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.