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NamSys
(CTZ)
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Rating:77Outperform
Price Target:
C$1.50
▲(29.31% Upside)
Action:Reiterated
Date:09/26/26
The score is driven primarily by strong financial performance—excellent margins, robust returns with essentially no debt, and healthy cash conversion—offset by a more neutral technical picture (below key moving averages and slightly negative MACD). Valuation appears reasonable on a ~12.34 P/E, supporting the overall rating.
Positive Factors
Strong Profitability
Consistently high gross, operating, and net margins indicate that NamSys converts software revenue into substantial profits. This profitability can support product investment, customer servicing, and internal funding of growth while providing resilience if expansion moderates over the next several quarters.
Negative Factors
Moderating Revenue Growth
The slower latest revenue growth rate suggests that expansion is losing momentum even though margins remain excellent. For a software provider serving financial institutions, continued moderation could limit operating leverage, reduce the pace of market penetration, and place greater importance on retaining existing customers.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Profitability
Consistently high gross, operating, and net margins indicate that NamSys converts software revenue into substantial profits. This profitability can support product investment, customer servicing, and internal funding of growth while providing resilience if expansion moderates over the next several quarters.
Read all positive factors
NamSys (CTZ) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$30.34M
Dividend Yield12.71%
Average Volume (3M)20.71K
Price to Earnings (P/E)12.2
Beta (1Y)-0.08
Revenue Growth10.36%
EPS Growth3.87%
CountryCA
Employees27
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.09
Shares Outstanding26,851,933
10 Day Avg. Volume15,674
30 Day Avg. Volume20,708
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
Toronto, Canada-based NamSys Inc., originally founded in 1997 as Cencotech Inc. before adopting its current name in November 2016, specializes in providing sophisticated software solutions for currency management and processing. Primarily serving ...
How the Company Makes Money
NamSys generates revenue primarily by licensing its payment-processing and cash/liquidity management software to financial institutions and related participants in payment ecosystems. These software arrangements typically include (a) upfront or te...
NamSys Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.52M | 7.89M | 6.84M | 6.09M | 5.39M | 4.98M |
| Gross Profit | 5.24M | 5.07M | 4.27M | 3.65M | 3.15M | 2.99M |
| EBITDA | 3.31M | 3.15M | 2.58M | 2.11M | 1.78M | 1.90M |
| Net Income | 2.52M | 2.49M | 2.09M | 1.61M | 1.39M | 1.27M |
Balance Sheet | ||||||
| Total Assets | 9.64M | 11.63M | 9.24M | 8.59M | 6.71M | 5.46M |
| Cash, Cash Equivalents and Short-Term Investments | 7.91M | 10.18M | 8.05M | 7.22M | 5.51M | 4.56M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 11.20K |
| Total Liabilities | 981.41K | 846.96K | 972.83K | 840.94K | 659.41K | 810.27K |
| Stockholders Equity | 8.65M | 10.79M | 8.26M | 7.75M | 6.05M | 4.65M |
Cash Flow | ||||||
| Free Cash Flow | 2.66M | 2.19M | 2.50M | 1.65M | 952.71K | -1.62M |
| Operating Cash Flow | 2.67M | 2.20M | 2.51M | 1.66M | 962.02K | -1.61M |
| Investing Cash Flow | 1.49M | -2.16M | -1.12M | -5.15M | 1.21M | 2.69M |
| Financing Cash Flow | -4.24M | -9.30K | -1.69M | -103.42K | -11.25K | -67.50K |
NamSys Technical Analysis
Negative
1.16
Price Trends
1.16
Negative
1.18
Negative
1.17
Negative
Market Momentum
>-0.01
Negative
45.05
Neutral
31.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CTZ, the sentiment is Negative. The current price of 1.16 is above the 20-day moving average (MA) of 1.15, below the 50-day MA of 1.16, and below the 200-day MA of 1.17, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 45.05 is Neutral, neither overbought nor oversold. The STOCH value of 31.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:CTZ.
NamSys Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | C$30.34M | 12.23 | 26.14% | 12.71% | 10.36% | 3.87% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | C$12.11M | 76.85 | 1.92% | ― | 30.09% | 42.11% | |
46 Neutral | C$27.16M | -2.65 | -27.17% | ― | 258.49% | -111.67% | |
45 Neutral | C$8.19M | -24.68 | -181.34% | ― | -3.65% | -192.77% | |
42 Neutral | C$15.38M | -3.71 | 74.69% | ― | 18.40% | 36.36% | |
39 Underperform | C$7.05M | -0.80 | -8232.51% | ― | 1.68% | -8.17% |
* General Sector Average
TSE:CTZ
NamSys
1.15
-0.09
-6.88%
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0.79
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0.42
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-17.00%
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0.19
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-69.05%
NamSys Corporate Events
Business Operations and StrategyFinancial Disclosures
NamSys Grows Q3 Revenue 16% Amid Margin Pressure and Strong Cash Position
Positive
Sep 24, 2026
NamSys reported third-quarter fiscal 2026 revenue of $2.23 million, up 16% year over year, while operating income was essentially flat at $0.75 million and net income slipped 2% to $0.59 million, with earnings per share stable at $0.02. Gross and ...
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.