19:58:45 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



Enghouse Systems Ltd
Symbol ENGH
Shares Issued 26,936,462
Close 2017-04-10 C$ 57.06
Market Cap C$ 1,536,994,522
Recent Sedar Documents

Globe says Open Text, others have high free cash flow

2017-04-11 07:03 ET - In the News

See In the News (C-OTEX) Open Text Corp

The Globe and Mail attempts to identify large-cap Canadian companies offering robust economic performance and high free cash flows in its Tuesday, April 12, edition. The Globe's Jean-Didier LaPointe writes in the Number Cruncher column that he screened for stocks using the following criteria: A minimum market cap of $1-billion; an economic performance index, or EPI (return on capital divided by cost of capital), of one or higher. An EPI ratio of one or more indicates a company's capacity to create wealth for its shareholders (a higher EPI displays a greater rate of wealth creation); a return on capital of 12 per cent or higher; a five-year average return on capital of 12 per cent or higher; a free-cash-flow-to-capital ratio of 5 per cent or higher. This ratio gives a sense of how well the company uses the invested capital to generate free cash flow, which could be used to stimulate growth or reduce debt; positive annualized dividend growth rate over one-, two-, three- and four-year horizons; and all companies must pay a dividend. Companies with robust performance are Open Text, Enghouse Systems, Jean Coutu Group, Cara Operations, Toromont Industries and Canadian National Railway.

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