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General information

Country: CANADA

Sector: Software — Infrastructure

Sangoma Technologies Corporation develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. The company offers Switchvox, a business phone system; PBXact, a phone system; Internet protocol (IP) phones; service provider and voice over Internet protocol gateways; Switchvox Cloud, a unified communications solution; SIPstation SIP Trunking, a hosted session initiation protocol trunking service; PBXact Cloud, a cloud based private branch exchange service; Asterisk and FreePBX, an open source IP PBX software; and FAXStation, a fax-over-IP solution. It also provides session border controllers; telephony and media transcoding cards; and open source communications software. The company serves small and medium sized businesses, enterprises, original equipment manufacturers, carriers, and service providers. Sangoma Technologies Corporation was founded in 1984 and is headquartered in Markham, Canada.
Website: sangoma.com



Growth: Good revenue growth rate 23.1%, there is slowdown compared to average historical growth rates 62.6%. The revenue growth dynamics is moderately stable

Profitability: LTM EBITDA margin is negative, -19.5%. On average the margin is improving unsteadily. Gross margin is high, +67.7%. In the last quarter the company beat the estimated EPS. The company was ahead of estimated EPS in 67% of quarters (showing a gain of +$0.04 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 0.0%. Free cash flow yield -27.6% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 126.5% higher than minimum and 78.2% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 3.0x by EV / Sales multiple , the company can be >100% undervalued

Key Financials (Download financials)

Ticker: SANG
Share price, USD:  (+0.6%)4.84
year average price 3.55  


year start price 3.76 2023-03-31

max close price 4.96 2023-08-01

min close price 2.41 2023-11-16

current price 4.84 2024-03-29
Common stocks: 32 952 999

Dividend Yield:  0.0%
Last revenue growth (y/y):  23.1%
Last growth of EBITDA (y/y):  > 200.0%
Historical revenue growth:  62.6%
Historical growth of EBITDA:  73.6%
EV / Sales: 1.1x
Margin (EBITDA LTM / Revenue): -19.5%
Fundamental value created in LTM:
Market Cap ($m): 159
Net Debt ($m): 110
EV (Enterprise Value): 269
Price to Book: 0.6x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2024-03-20Zacks Investment Research

Sangoma Technologies Corporation (SANG) Shows Fast-paced Momentum But Is Still a Bargain Stock

2024-03-01Zacks Investment Research

Here Is Why Bargain Hunters Would Love Fast-paced Mover Sangoma Technologies Corporation (SANG)

2024-02-13Zacks Investment Research

All You Need to Know About Sangoma Technologies Corporation (SANG) Rating Upgrade to Buy

2024-02-08Seeking Alpha

Sangoma Technologies Corporation (SANG) Q2 2024 Earnings Call Transcript

2024-01-29Business Wire

Sangoma Announces Date of Second Quarter Fiscal 2024 Financial Results and Conference Call

2023-10-26Business Wire

Sangoma Announces Date of First Quarter Fiscal 2024 Financial Results and Conference Call

2023-09-27Zacks Investment Research

Sangoma Technologies Corporation (SANG) Reports Q4 Loss, Tops Revenue Estimates

2023-09-13Business Wire

Sangoma Announces Date of Fourth Quarter and Fiscal Year 2023 Financial Results and Conference Call

2023-05-11Zacks Investment Research

Sangoma Technologies Corporation (SANG) Reports Q3 Loss, Misses Revenue Estimates

2023-04-26GlobeNewsWire

Sangoma Announces Date of Third Quarter Fiscal 2023 Financial Results and Conference Call
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol SANG SANG SANG SANG SANG SANG
reportedCurrency USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M
fillingDate 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
acceptedDate 2023-12-30 19:00:00 2023-09-29 20:00:00 2023-06-29 20:00:00 2023-03-31 00:00:00 2022-12-30 19:00:00 2022-09-29 20:00:00
calendarYear 2023.000 2023.000 2022.000 2022.000 2022.000 2023.000
period Q2 Q1 Q4 Q3 Q2 Q1
revenue 62M 63M 64M 63M 62M 64M
costOfRevenue 18M 19M 21M 18M 19M 21M
grossProfit 44M 44M 42M 44M 43M 43M
grossProfitRatio 0.706 0.699 0.663 0.708 0.690 0.677
researchAndDevelopmentExpenses 10M 9M 9M 9M 9M 9M
generalAndAdministrativeExpenses 11M 19M 19M 19M 20M 19M
sellingAndMarketingExpenses 15M 17M 16M 15M 16M 16M
sellingGeneralAndAdministrativeExpenses 26M 36M 34M 34M 35M 35M
otherExpenses 0 0 -810 000 2M 350 000 0
operatingExpenses 45M 45M 44M 43M 44M 44M
costAndExpenses 63M 64M 65M 62M 64M 65M
interestIncome 8000.000 5923.809 7000.000 4000.000 30 000 0
interestExpense 2M 2M 2M 2M 2M 2M
depreciationAndAmortization 11M 11M 11M 11M 11M 11M
ebitda 11M 10M 9M 14M 10M 10M
ebitdaratio 0.171 0.163 0.140 0.228 0.164 0.160
operatingIncome -543 000 -918 000 -2M 3M -1M -1M
operatingIncomeRatio -0.009 -0.015 -0.034 0.045 -0.019 -0.016
totalOtherIncomeExpensesNet -2M -211 000 -24M -4M -2M -85 000
incomeBeforeTax -4M -3M -27M -944 000 -3M -1M
incomeBeforeTaxRatio -0.062 -0.044 -0.421 -0.015 -0.050 -0.017
incomeTaxExpense -644 000 -347 000 -3M -259 000 -371 000 858 000
netIncome -3M -2M -24M -685 000 -3M -2M
netIncomeRatio -0.052 -0.039 -0.371 -0.011 -0.044 -0.031
eps -0.098 -0.074 -0.640 -0.022 -0.084 -0.060
epsdiluted -0.098 -0.074 -0.640 -0.022 -0.084 -0.060
weightedAverageShsOut 33M 33M 37M 31M 33M 33M
weightedAverageShsOutDil 33M 33M 37M 31M 33M 33M
link
finalLink

Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol SANG SANG SANG SANG SANG SANG
reportedCurrency USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M
fillingDate 2023-12-31 2023-09-30 2023-06-30 2023-04-11 2022-12-31 2022-09-30
acceptedDate 2023-12-30 19:00:00 2023-09-29 20:00:00 2023-06-29 20:00:00 2023-04-11 10:12:16 2022-12-30 19:00:00 2022-09-29 20:00:00
calendarYear 2023.000 2023.000 2022.000 2022.000 2022.000 2023.000
period Q2 Q1 Q4 Q3 Q2 Q1
cashAndCashEquivalents 11M 11M 11M 8M 7M 8M
shortTermInvestments 0 0 0 0 0 0
cashAndShortTermInvestments 11M 11M 11M 8M 7M 8M
netReceivables 25M 25M 27M 26M 25M 27M
inventory 17M 18M 18M 19M 19M 19M
otherCurrentAssets 3M 4M 4M 4M 2M 6M
totalCurrentAssets 57M 59M 62M 58M 55M 60M
propertyPlantEquipmentNet 20M 21M 22M 24M 25M 26M
goodwill 188M 188M 188M 210M 210M 210M
intangibleAssets 148M 156M 164M 172M 180M 187M
goodwillAndIntangibleAssets 336M 344M 352M 382M 390M 397M
longTermInvestments 3M 4M 4M 0 0 0
taxAssets 3M 3M 3M 3M 3M 3M
otherNonCurrentAssets 430 000 428 000 422 000 4M 5M 3M
totalNonCurrentAssets 362M 372M 381M 413M 422M 429M
otherAssets 0 0 0 0 0 0
totalAssets 419M 431M 443M 470M 478M 489M
accountPayables 20M 20M 24M 24M 24M 28M
shortTermDebt 21M 21M 20M 21M 21M 21M
taxPayables 6M 6M 6M 5M 6M 6M
deferredRevenue 10M 10M 11M 11M 11M 11M
otherCurrentLiabilities 6M 8M 8M 15M 16M 8M
totalCurrentLiabilities 56M 59M 63M 70M 71M 73M
longTermDebt 85M 90M 95M 91M 94M 96M
deferredRevenueNonCurrent 3M 4M 4M 4M 4M 4M
deferredTaxLiabilitiesNonCurrent 12M 13M 14M 16M 17M 18M
otherNonCurrentLiabilities 2M 2M 766 000 951 000 2M 5M
totalNonCurrentLiabilities 101M 108M 113M 112M 117M 123M
otherLiabilities 0 0 0 0 0 0
capitalLeaseObligations 13M 14M 14M 15M 16M 17M
totalLiabilities 157M 167M 177M 181M 188M 196M
preferredStock 0 0 0 0 0 0
commonStock 381M 380M 380M 242M 229M 216M
retainedEarnings -139M -136M -133M -110M -109M -106M
accumulatedOtherComprehensiveIncomeLoss 761 000 1M 1M 1M 1M 1M
othertotalStockholdersEquity 19M 18M 18M 156M 169M 182M
totalStockholdersEquity 261M 264M 266M 289M 290M 293M
totalEquity 261M 264M 266M 289M 290M 293M
totalLiabilitiesAndStockholdersEquity 419M 431M 443M 470M 478M 489M
minorityInterest 0 0 0 0 0 0
totalLiabilitiesAndTotalEquity 419M 431M 443M 470M 478M 489M
totalInvestments 3M 4M 4M 0 0 0
totalDebt 105M 110M 115M 112M 115M 117M
netDebt 95M 99M 104M 104M 108M 109M
link Link
finalLink Link

Cash Flow Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol SANG SANG SANG SANG SANG SANG
reportedCurrency USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M
fillingDate 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
acceptedDate 2023-12-30 19:00:00 2023-09-29 20:00:00 2023-06-29 20:00:00 2023-03-31 00:00:00 2022-12-30 19:00:00 2022-09-29 20:00:00
calendarYear 2023.000 2023.000 2022.000 2022.000 2022.000 2023.000
period Q2 Q1 Q4 Q3 Q2 Q1
netIncome -3M -2M -24M -685 000 -3M -2M
depreciationAndAmortization 11M 11M 11M 11M 11M 11M
deferredIncomeTax -644 000 -347 000 -3M -259 000 -371 000 858 000
stockBasedCompensation 856 000 662 000 362 000 541 000 1M 915 000
changeInWorkingCapital 721 000 -1M 3M -2M -3M -4M
accountsReceivables 346 000 1M 931 000 -326 000 554 000 -1M
inventory 766 000 80 000 683 000 644 000 -230 000 -2M
accountsPayables -484 000 -4M 540 000 -282 000 -4M -943 000
otherWorkingCapital 93 000 1M 554 000 -3M 126 000 111 000
otherNonCashItems 293 000 122 000 24M -2M -1M -4M
netCashProvidedByOperatingActivities 9M 8M 11M 7M 5M 4M
investmentsInPropertyPlantAndEquipment -2M -3M -3M -3M -4M -2M
acquisitionsNet 0 0 0 0 0 0
purchasesOfInvestments 0 0 0 0 0 0
salesMaturitiesOfInvestments 0 0 0 0 0 0
otherInvestingActivites 0 0 0 0 0 0
netCashUsedForInvestingActivites -2M -3M -3M -3M -4M -2M
debtRepayment -5M -5M -5M -5M -5M -5M
commonStockIssued 0 0 0 0 0 0
commonStockRepurchased 0 0 0 -128 000 -349 000 -128 000
dividendsPaid 0 0 0 0 0 0
otherFinancingActivites -2M 0 266 000 2M 3M 36 000
netCashUsedProvidedByFinancingActivities -7M -5M -5M -3M -3M -6M
effectOfForexChangesOnCash 0 0 0 0 0 0
netChangeInCash -577 000 -17 000 3M 1M -1M -4M
cashAtEndOfPeriod 11M 11M 11M 8M 7M 8M
cashAtBeginningOfPeriod 11M 11M 8M 7M 8M 13M
operatingCashFlow 9M 8M 11M 7M 5M 4M
capitalExpenditure -2M -3M -3M -3M -4M -2M
freeCashFlow 7M 5M 8M 4M 1M 1M
link
finalLink

Earning call transcript

2023 q4
2024-02-08 ET (fiscal 2024 q2)

Press-releases

Show financial reports only

2024-02-08 22:00 ET
Sangoma Announces Second Quarter Fiscal 2024 Results
2024-01-29 16:21 ET
Sangoma Announces Date of Second Quarter Fiscal 2024 Financial Results and Conference Call
2024-01-08 22:00 ET
Sangoma Named In The 2023 Gartner® Magic Quadrant™ For Unified Communications As A Service Report For Ninth Year
2023-12-12 23:56 ET
Sangoma Technologies Corporation Announces Voting Results from its Annual General and Special Meeting of Shareholders
2023-12-01 09:00 ET
Sangoma Technologies Partnership Powers UK PSTN Switch-Off Opportunities
2023-11-30 15:44 ET
Sangoma to Showcase Innovations at Benchmark Discovery One-on-One Conference in New York
2023-11-24 23:32 ET
Chair of Sangoma Technologies Corporation Reports Updated Ownership Position
2023-11-08 22:00 ET
Sangoma Announces First Quarter Fiscal 2024 Results
2023-10-26 14:21 ET
Sangoma Announces Date of First Quarter Fiscal 2024 Financial Results and Conference Call
2023-09-27 21:00 ET
Sangoma Announces Fourth Quarter Fiscal 2023 Results
2023-09-13 19:45 ET
Sangoma Announces Date of Fourth Quarter and Fiscal Year 2023 Financial Results and Conference Call
2023-09-11 21:00 ET
Sangoma Announces New Chief Operating Officer
2023-08-01 11:30 ET
Sangoma Announces New Chief Executive Officer, Charles Salameh
2023-06-05 21:00 ET
Sangoma Technologies Corporation Announces Planned Share Sale by Star2Star Holdings, LLC
2023-05-11 20:30 ET
Sangoma Announces Third Quarter Fiscal 2023 Results
2023-05-10 17:15 ET
Telarus Joins Sangoma's Technology Solution Broker Channel Program
2023-05-01 12:00 ET
Sangoma Announces 5G Wireless Broadband as Part of Managed Internet Connectivity Product Suite
2023-04-26 15:00 ET
Sangoma Announces Date of Third Quarter Fiscal 2023 Financial Results and Conference Call
2023-04-25 13:00 ET
Sangoma Introduces Sangoma Suite All-in-One Communications Bundle
2023-04-11 11:00 ET
Sangoma Announces New Board Member to Strengthen Go-to-Market Focus and Bring Diversity Perspective
2023-04-04 13:00 ET
Sangoma CX, the Cloud-based Contact Center Solution, Unveils New WebChat Channel Support for Improved Customer Interaction
2023-03-29 11:30 ET
Sangoma Announces Filing of Form F-3 Resale Registration Statement and Associated Amendment to StarBlue Inc. Purchase Agreement
2023-03-08 14:00 ET
AVANT Joins Sangoma's Technology Solution Broker Channel Program
2023-02-27 13:00 ET
Sangoma Announces Leadership Changes
2023-02-09 23:32 ET
Sangoma Announces Second Quarter Fiscal 2023 Results
2023-02-01 19:07 ET
Sangoma Announces Date of Second Quarter Fiscal Year 2023 Financial Results and Conference Call
2022-12-13 22:24 ET
Sangoma Technologies Corporation Announces Voting Results from its Annual General and Special Meeting of Shareholders
2022-11-30 14:00 ET
Sangoma Named in the 2022 Gartner® Magic Quadrant™ for Unified Communications as a Service Report for Eighth Year
2022-11-10 22:00 ET
Sangoma Announces First Quarter Fiscal 2023 Results
2022-11-03 17:58 ET
Sangoma Announces Date of First Quarter Fiscal Year 2023 Financial Results and Conference Call
2022-10-11 20:34 ET
Sangoma Announces Change of Auditor to KPMG LLP
2022-10-11 15:33 ET
Sangoma Announces The Release of New Series of IP Telephones For Its Complete Line of UCaaS and UC Offerings
2022-10-03 23:10 ET
Sangoma Announces Several Executive Appointments Including Chief Financial Officer Transition
2022-09-26 21:20 ET
Sangoma Announces Fourth Quarter Fiscal 2022 Results
2022-09-23 03:31 ET
Sangoma Announces Date of Fourth Quarter and Fiscal Year 2022 Financial Results and Conference Call
2022-09-19 16:19 ET
Sangoma Announces Shipment of its One Millionth Desk Phone
2022-08-31 21:00 ET
Chair of Sangoma Technologies Corporation Reports Updated Ownership Position
2022-08-02 14:10 ET
TBI Joins Sangoma's Channel Program
2022-07-05 13:00 ET
Sangoma Ranks Number One in Unified Communications Satisfaction Report
2022-06-21 11:00 ET
Sangoma Announces Normal Course Issuer Bid
2022-06-20 14:30 ET
Sangoma Announces General Availability Release of its TeamHub Collaboration Product
2022-05-12 21:01 ET
Sangoma Announces Third Quarter Fiscal 2022 Results
2022-05-02 18:56 ET
Sangoma Announces Date of Third Quarter 2022 Financial Results and Conference Call
2022-04-04 14:00 ET
Sangoma Is Serving Up the Perfect Mix of Communications at Channel Partners
2022-03-31 15:55 ET
CRN® Honors Sangoma With 5-Star Rating in 2022 Partner Program Guide
2022-03-29 11:00 ET
Sangoma Announces Acquisition of NetFortris
2022-03-15 16:00 ET
Temco Logistics Delivers Superior Customer Service with Sangoma
2022-02-10 22:03 ET
Sangoma Announces Second Quarter Fiscal 2022 Results
2022-02-04 13:59 ET
Sangoma Announces Date of Second Quarter 2022 Financial Results and Conference Call
2022-01-05 14:00 ET
Sangoma Placed #1 in the "Year's Top Mergers & Acquisitions in the Channel"
2021-12-30 15:14 ET
Sangoma Reports Results of Election of Directors
2021-12-15 23:54 ET
Sangoma Announces the Listing of its Common Shares on Nasdaq

SEC forms

Show financial reports only

SEC form 6
2024-02-08 17:09 ET
Sangoma Technologies Corporation published news for 2023 q4
SEC form 6
2024-02-08 17:09 ET
Sangoma Technologies Corporation published news for 2023 q4
SEC form 6
2024-02-08 17:09 ET
Sangoma Technologies Corporation published news for 2023 q4
SEC form 6
2024-02-08 17:09 ET
Sangoma Technologies Corporation published news for 2023 q4
SEC form 6
2024-02-08 17:09 ET
Sangoma Technologies Corporation published news for 2023 q4
SEC form 6
2024-02-08 17:09 ET
Sangoma Technologies Corporation published news for 2023 q4
SEC form 6
2023-11-08 17:02 ET
Sangoma Technologies Corporation published news for 2023 q3
SEC form 6
2023-10-13 14:50 ET
Sangoma Technologies Corporation published news for 2023 q3
SEC form 6
2023-09-27 17:07 ET
Sangoma Technologies Corporation published news for 2023 q2
SEC form 6
2023-08-01 16:15 ET
Sangoma Technologies Corporation published news for 2023 q2
SEC form 6
2023-05-11 16:37 ET
Sangoma Technologies Corporation published news for 2023 q1
SEC form 6
2023-04-11 10:12 ET
Sangoma Technologies Corporation published news for 2023 q1
SEC form 6
2023-03-29 07:30 ET
Sangoma Technologies Corporation published news for 2022 q4
SEC form 6
2023-02-28 17:18 ET
Sangoma Technologies Corporation published news for 2022 q4
SEC form 6
2023-02-27 08:00 ET
Sangoma Technologies Corporation published news for 2022 q4
SEC form 6
2023-02-09 21:13 ET
Sangoma Technologies Corporation published news for 2022 q4
SEC form 6
2022-12-13 17:33 ET
Sangoma Technologies Corporation published news for 2022 q3
SEC form 6
2022-11-16 06:01 ET
Sangoma Technologies Corporation published news for 2022 q3
SEC form 6
2022-11-10 21:44 ET
Sangoma Technologies Corporation reported for 2022 q3
SEC form 6
2022-10-14 16:51 ET
Sangoma Technologies Corporation published news for 2022 q3
SEC form 6
2022-10-11 21:24 ET
Sangoma Technologies Corporation published news for 2022 q3
SEC form 6
2022-10-03 20:40 ET
Sangoma Technologies Corporation published news for 2022 q3
SEC form 6
2022-09-27 06:38 ET
Sangoma Technologies Corporation published news for 2022 q2
SEC form 6
2022-09-26 17:22 ET
Sangoma Technologies Corporation published news for 2022 q2
SEC form 6
2022-06-21 07:00 ET
Sangoma Technologies Corporation published news for 2022 q1
SEC form 6
2022-05-12 17:01 ET
Sangoma Technologies Corporation published news for 2022 q1
SEC form 6
2022-03-29 07:00 ET
Sangoma Technologies Corporation published news for 2021 q4
SEC form 6
2022-02-10 17:15 ET
Sangoma Technologies Corporation published news for 2021 q4
SEC form 6
2021-12-30 12:52 ET
Sangoma Technologies Corporation published news for 2021 q3
SEC form 6
2021-12-16 08:28 ET
Sangoma Technologies Corporation published news for 2021 q3

SEDAR forms

Show financial reports only

SEDAR form
2023-05-11
SANG published news for 2023 q2
SEDAR form
2023-02-09
SANG published news for 2023 q1
SEDAR form
2022-11-10
SANG published news for 2022 q4
SEDAR form
2022-09-26
SANG published news for 2022 q3
SEDAR form
2022-09-26
SANG published news for 2022 q3
SEDAR form
2022-09-26
SANG published news for 2022 q3
SEDAR form
2022-05-12
SANG published news for 2022 q2
SEDAR form
2022-02-10
SANG published news for 2022 q1
SEDAR form
2021-11-12
SANG published news for 2021 q4
SEDAR form
2021-09-29
SANG published news for 2021 q3
SEDAR form
2021-09-29
SANG published news for 2021 q3
SEDAR form
2021-09-29
SANG published news for 2021 q3
SEDAR form
2021-05-20
SANG published news for 2021 q2
SEDAR form
2021-02-04
SANG published news for 2021 q1
SEDAR form
2020-11-10
SANG published news for 2020 q4
SEDAR form
2020-10-20
SANG published news for 2020 q4
SEDAR form
2020-10-20
SANG published news for 2020 q4
SEDAR form
2020-10-20
SANG published news for 2020 q4
SEDAR form
2020-06-29
SANG published news for 2020 q2
SEDAR form
2020-06-29
SANG published news for 2020 q2
SEDAR form
2020-05-27
SANG published news for 2020 q2
SEDAR form
2020-02-27
SANG published news for 2020 q1