Last C$24.99 CAD
Change Today 0.00 / 0.00%
Volume 0.0
CVG On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 4:00 PM 09/15/14 All times are local (Market data is delayed by at least 15 minutes).

clairvest group inc (CVG) Snapshot

Open
C$25.05
Previous Close
C$24.99
Day High
C$25.05
Day Low
C$24.99
52 Week High
09/12/14 - C$25.24
52 Week Low
10/10/13 - C$21.56
Market Cap
378.2M
Average Volume 10 Days
7.3K
EPS TTM
C$2.38
Shares Outstanding
15.1M
EX-Date
07/7/14
P/E TM
10.5x
Dividend
C$0.10
Dividend Yield
1.00%
Current Stock Chart for CLAIRVEST GROUP INC (CVG)

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clairvest group inc (CVG) Details

Clairvest Group Inc. is a private equity firm specializing in mid market, growth equity investments, buyouts, and consolidating industries and add-on acquisitions. It seeks to invest in small and mid-sized gaming and casino, local market gaming, healthcare, equipment rental, oilfield services, waste management, business services, consumer services, aerospace, defense, document management, environmental services, rental services, gaming, healthcare services, insurance services, IT services, logistics, mining services, packaging, pest control, specialty aviation, software (mature), textile rental, utility services, and water. The firm typically invests in companies based in North America. It seeks to make equity investments between Cd$15 million ($15.03 million) and Cd$50 million ($51.4 million) in its portfolio company with EBITDA between Cd$5 million ($5.03 million) and Cd$40 million ($40.08 million). The firm can make either majority or controlling or minority investments and seeks to acquire between 20 percent and 80 percent stake. It invests its own capital and seeks to take a board seat on its portfolio companies. The firm typically exits its investments through market share offering, a strategic sale or sale to a financial buyer. Clairvest Group Inc. was founded in 1987 and is based in Toronto, Canada.

25 Employees
Last Reported Date: 06/25/14
Founded in 1987

clairvest group inc (CVG) Top Compensated Officers

Co-Chief Executive Officer, Managing Director...
Total Annual Compensation: C$326.9K
Co-Chief Executive Officer, Managing Director...
Total Annual Compensation: C$326.9K
Chief Financial Officer
Total Annual Compensation: C$162.5K
Compensation as of Fiscal Year 2014.

clairvest group inc (CVG) Key Developments

Clairvest Group Inc. Announces Unaudited Consolidated Earnings Results for First Quarter Ended June 30, 2014

Clairvest Group Inc. announced unaudited consolidated earnings results for first quarter ended June 30, 2014. For the quarter, the company reported net investment gains (non-GAAP) of CAD 10,493,000, net investment gains (IFRS) of CAD 12,916,000, net income (non-GAAP & IFRS) of CAD 9,541,000 or CAD 0.62 per diluted share compared to the net investment gains (non-GAAP) of CAD 1,457,000, net investment gains (IFRS) of CAD 3,926,000, net income (non-GAAP& IFRS) of CAD 4,403,000 or CAD 0.28 per diluted share for the same quarter a year ago. The company's book value, as prepared under IFRS, was CAD 405.2 million or CAD 26.78 per share at June 30, 2014, compared with CAD 26.39 per share, as prepared under IFRS, at March 31, 2014. The increase in book value per share for the quarter was primarily attributable to net income for the quarter of CAD 9.5 million, or CAD 0.63 per share, net of CAD 0.2492 of dividend per share accrued at June 30, 2014.

Clairvest Seeks Acquisitions

Clairvest Group Inc. (TSX:CVG) is looking for acquisition opportunities. Clairvest Group had approximately $740 million available for future acquisitions through treasury funds, credit facilities and uncalled capital in the CEP Funds.

Clairvest Declares Annual Ordinary Dividend and Special Dividend, Payable on July 25, 2014; Announces Earnings Results for the Fourth Quarter and Year Ended March 31, 2014

Clairvest declared an annual ordinary dividend of CAD 0.10 per share and a special dividend of CAD 0.1492 per share, such that in aggregate, the dividends represent 1% of the March 31, 2014 book value. Both dividends will be payable July 25, 2014 to common shareholders of record as of July 9, 2014 and are eligible dividends for Canadian income tax purposes. The company announced earnings results for the fourth quarter and year ended March 31, 2014. Net income for the quarter was CAD 1.5 million or CAD 0.10 per diluted share compared to net income of CAD 10.1 million or CAD 0.66 per diluted share a year ago. Net income for the year was CAD 30.7 million or CAD 2.03 per share compared to net income of CAD 35.8 million or CAD 2.32 per diluted share a year ago. Book value per share was CAD 24.92 per share at March 31, 2014.

 

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Industry Analysis

CVG

Industry Average

Valuation CVG Industry Range
Price/Earnings 10.4x
Price/Sales 5.6x
Price/Book 0.9x
Price/Cash Flow 10.2x
TEV/Sales 4.0x
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