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The Market Online
7 days ago
- Business
- The Market Online
Three Canadian dividend stocks with a strong case for value
Canadians' infatuation with dividend stocks is wholly understandable. The idea of getting paid to wait as you hold a stock in your portfolio is innately attractive, appealing to human nature's enduring preference for getting what it wants as soon as possible. However, a dividend does not make a stock desirable in itself. This content has been prepared as part of a partnership with Vecima Networks Inc., Computer Modelling Group Ltd. and Pason Systems Inc., and is intended for informational purposes only. The task of determining whether or not a dividend stock is suitable for you looks beyond the dividend towards the balance sheet, income statements and industry tailwinds, with the intention of valuing the underlying company versus the share price and assessing the conviction the dividend deserves for growing into the future. A straightforward way to conduct this assessment is to screen for Canadian dividend stocks that have fallen year-over-year, despite profitable operations on a net income basis, allowing you to delve into those with the highest losses in search of financials and prospects attractive enough to support a case for value. Here are three names that stood out. Vecima Networks After running the screen pictured below using The Globe and Mail's online tool, the first compelling Canadian dividend stock I stumbled upon was Vecima Networks, market capitalization C$255.55 million, a cloud-based software and services leader pushing the boundaries of broadband speed, video quality, content distribution, as well as fleet tracking and intelligence. (Source: The Globe and Mail) Over its 35-year history, Vecima has grown to serve more than 100 operators and more than 100 million people globally, developing a competitive edge in the marketplace – see slide 26 of the May 2025 investor deck – but sees further growth ahead driven by the rapid evolution of network technology, with more than $500 million invested over the past decade to capitalize on an estimated $8 billion opportunity (slide 9). Looking over the past five years, the company seems to be well on its way to claiming an increasing portion of this growth tailwind for itself, tripling revenue from C$94.88 million in F2020 to C$291.05 million in F2024, plus a solid C$63.98 million in Q1 F2025. The company justified these sales by remaining profitable over the period, achieving more than 10x net income growth from C$1.81 million in F2020 to C$19.39 million in F2024. Exceptions include a C$330,000 loss in F2021 because of COVID-19 pandemic-related restrictions, and a C$7.89 million loss in Q2 2025 because of restructuring costs expected to result in C$17.5 million in cost savings. From a dividend perspective, while Vecima has only increased its quarterly payout once since inception in 2014 – from C$0.045 to C$0.055 in 2015 – the company's specialization in network connectivity places it at the leading edge of an increasingly digital world, one where network providers must upgrade their operations to command differentiated returns. Finding itself in such a privileged position, not to mention guided by a leadership team with 56 per cent insider ownership, the company deserves better than what its stock has delivered. Vecima Networks stock (TSX:VCM) has given back 50.98 per cent year-over-year, last trading at C$10.51. Computer Modelling Group Another Canadian dividend stock that looks undervalued is Computer Modelling Group, market capitalization C$645.83 million, a global software and consulting company providing pioneering subsurface and surface solutions for oil and alternative energy clients in 60 countries around the world. Over CMG's more than 47-year operating history, the company has delivered decades of consistent cash flow and profitability, while building more than 450 long-term client relationships, granting it global brand recognition. We can see this brand cachet at work over the past five years, which yielded revenue growth from C$67.36 million in F2021 to C$129.45 million in F2025, supported by controlled debt levels and consistent net income averaging more than C$20 million per year, setting the company up to self-fund future growth. Over the short-term, management has responded to falling oil prices, lingering inflation and tariff-based instability by shifting from organic to inorganic growth, acquiring three companies since 2023 – most recently highlighted by SeisWare International – which are driving revenue and adjusted EBITDA and keeping the company in the black despite geopolitical uncertainty denting investor confidence. Over the long-term, CMG's imaging and reservoir simulation technology positions it to benefit from how about 70 per cent of remaining oil reserves are in geologically complex areas – see slide 3 of the Q4 2025 investor deck – favoring the achievement of further scale and pricing power. These prospects bode well for CMG's quarterly dividend, in place since 2013, which kept up a C$0.40 annual payout until 2020, when management cut it in half to weather the pandemic and re-establish the company's ongoing path to growth, substantiating an ability to balance investment and shareholder returns as dictated by market conditions. Struggling under energy demand uncertainty driven by US tariffs, Computer Modelling Group stock (TSX:CMG) has fallen by 43.47 per cent year-over-year, while remaining up by 52.12 per cent since 2020, undervaluing a history we have shown to be brimming with long-term value-creation potential. Shares last traded at C$7.79. Pason Systems Our final Canadian stock with dividend and value potential is Pason Systems, market capitalization C$918.17 million, whose underlying business – split into Intelligent Wellhead Systems and Energy Toolbase Software – is a global leader in data management systems for drilling rigs, covering data acquisition, wellsite reporting, analytics and remote communications. The company also provides products to model, control and monitor the economics and performance of solar and other energy storage projects. Pason' leadership position, built across a more than 40-year history, is anchored by a market presence of more than 70 per cent of drill rigs in the Western Hemisphere, but the company sees ample room to run thanks to the energy industry's increasing technological adoption – see slide 12 of the Q1 2025 investor deck – as well as management's proven skill at growing revenue in line with profitability. Revenue grew by 2.64x from C$156.64 million in F2020 to C$414.13 million in F2024, followed by a strong C$113.18 million in Q1 2025. This was paired with mammoth 18.49x net income growth from C$6.57 million to C$121.5 million, respectively, followed by a respectable C$20.01 million in Q1 2025. Looking further back, the numbers remain impressive, with Pason adding about C$100 million in revenue over the past decade, while delivering consistent free cash flow averaging more than C$50 million per year. Pason believes it can deliver more growth, regardless of trade disputes or North American drilling activity (slide 9), thanks to its portfolio's alignment with the energy industry's secular technological trend, coupled with ongoing tailwinds behind solar and other alternatives. As Jon Faber, president and chief executive officer, detailed in the Q1 2025 news release, 'We anticipate that companies may adjust their development plans should their commodity price forecasts change; however, even in the event of reductions in capital programs, we expect any activity decreases to be more modest in both depth and duration as compared to previous industry slowdowns.' 'Our experience through previous cycles has been that maintaining investments focused on service quality and technology development through periods of uncertainty provides the greatest opportunity to expand competitive gaps,' Faber added. 'We see opportunities for greater adoption of data-driven technologies over time in both drilling and completions, and we intend to ensure our product and service offerings continue to evolve to ensure we can capitalize on those opportunities.' Given the Canadian technology leader's long-term financials, even in the face of economic adversity, it's reasonable to be optimistic about the company's ability to continue delivering shareholder value and paying its quarterly dividend, which was established in 2013, cut drastically during the COVID pandemic, but has been growing steadily ever since from C$0.05 in 2021 to C$0.13 in 2025. Pason Systems stock (TSX:PSI) has given back 24.18 per cent year-over-year but remains up by 96.50 per cent since 2020. Shares last traded at C$11.79. Join the discussion: Find out what investors are saying about these Canadian dividend value stocks on the Vecima Networks Inc., Computer Modelling Group Ltd. and Pason Systems Inc. Bullboards and check out the rest of Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
National Post
05-08-2025
- Business
- National Post
Vecima to Highlight Efficient, AI-powered Video Streaming and Innovative Monetization Solutions at IBC 2025
Article content VICTORIA, British Columbia — Vecima Networks Inc. (TSX: VCM) today announced its MediaScale™ solution line-up for IBC 2025 in Amsterdam, highlighting multiple video industry innovations, including KeyFrame and MediaScale Open CDN. Article content The KeyFrame Media Optimization solution enables Content Providers to elevate video quality using real-time generative AI while simultaneously reducing bitrates. This patented technology not only continues to ensure true 1080p and 4K resolution but also features advanced capabilities such as denoising and artifact removal, spatial and temporal anti-aliasing, and artifact-free upscaling. In addition, it can significantly reduce bitrates, resulting in efficiencies in both storage and transmission. Article content Blue Stream Fiber Article content , Florida's fastest-growing fiber-optic telecommunications provider, recently announced its deployment of KeyFrame to enhance the video quality streaming experience for subscribers of its Blue Stream Fiber TV service. Article content With the MediaScale Open CDN solution, Content Providers can improve video streaming quality and cut public CDN costs, and Broadband Service Providers can reduce streaming congestion and monetize the content they're already delivering. Open CDN delivers video streaming at the highest available bitrates, with reduced rebuffering, while providing the lowest cost of ownership available. The subscriber's viewing experience is improved significantly since the content is cached deep inside the operator's network ― much closer to the subscriber than is currently possible using public CDNs. Article content Vecima's existing edge caching technology currently enables a broad set of operators around the world to deliver high-quality IP video content to millions of subscribers. Through the application of Open Caching technology, this large cache footprint can be used to bring significant value to content providers and improve customer satisfaction to millions of video subscribers. Article content Article content Broadband Service Providers gain control over content by supporting content rights, blackouts, and advertising. By manipulating content at the edge of the network, operators can deliver more efficient, personalized video content and more opportunities to monetize that content with targeted, high-value ads. Article content 'Vecima's MediaScale platform is used by operators around the world and continues to be the model for reliable, flexible, and simplified video streaming,' said Paul Strickland, Vice President and General Manager, Vecima Content Delivery & Storage. 'We're helping content owners and service providers alike reduce churn, drive greater revenues, and increase subscriber satisfaction with our comprehensive platform of video delivery solutions.' Article content Visit Vecima at IBC 2025, September 12-15, at the RAI in Amsterdam Article content Stand B15 in Hall 1 Article content About Vecima Networks Article content Vecima Networks Inc. (TSX: VCM) is leading the global evolution to the multigigabit, content-rich networks of the future. Our talented people deliver future-ready software, services, and integrated platforms that power broadband and video streaming networks, monitor and manage transportation, and transform experiences in homes, businesses, and everywhere people connect. We help our customers evolve their networks with cloud-based solutions that deliver ground-breaking speed, superior video quality, and exciting new services to their subscribers. Learn more at Article content This news release contains forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements regarding Vecima's business strategies and objectives, and the anticipated benefits, performance, capabilities, availability or adoption of its products and services. Such statements reflect current expectations and assumptions about future events and are subject to risks and uncertainties. Vecima undertakes no obligation to update any forward-looking statements unless required by law. Article content Article content
National Post
02-06-2025
- Business
- National Post
Vecima Introduces Industry's First Compact Generic Access Platform (GAP) Node Designed for 4 GHz
Article content Entra ® EN3400 is a compact, multi-services GAP node optimized for multi-dwelling unit (MDU) and enterprise applications, supporting Remote PHY and 10G EPON today Designed to support the transition to 50 Gbps PON, DOCSIS ® 4.0, and future services over hybrid fiber coax (HFC) up to 4 GHz Article content Article content VICTORIA, British Columbia — Vecima Networks Inc. (VCM: TSX) today announced the launch of its Entra EN3400 Compact Generic Access Platform (GAP) Node, deployed as either a two-port, Remote PHY (R-PHY)-enabled cable access node supporting DOCSIS 4.0 or a two-port All-PON™ node. Article content In October 2021, Vecima announced the Entra EN9000, the world's first commercially available GAP node, which is now in broad deployment with a Tier 1 Broadband Service Provider in North America. The EN3400 Compact GAP Node is a future-proof, 'Forever Node' with a 4.0 GHz-capable housing supporting the same DOCSIS 3.1 Remote PHY and 10G-EPON modules as the EN9000 today, while seamlessly evolving to XGS-PON, DOCSIS 4.0, NRoC (New Radio over Coax) and future HFC and PON solutions. Article content Building on the interoperability of the EN9000, its open architecture allows operators to select the best solutions from a variety of vendors, driving down costs and ensuring network agility and scalability. Through future module upgrades for Unified DOCSIS 4.0, the EN3400 is targeting delivery of up to 20 Gbps downstream and 6 Gbps upstream as a Distributed Access Architecture (DAA) cable access node. Article content In addition, the EN3400 offers flexible power options, including both standard AC power and 60/90V cable powering to support multi-dwelling unit, enterprise, and hospitality applications. This flexibility translates into significant long-term savings and operational efficiency by reducing the need for frequent hardware upgrades or replacements. Article content 'The Entra EN3400 is the latest product from Vecima, building on the success of the original EN9000 GAP Node,' said Ryan Nicometo, Senior Vice President and General Manager, Video & Broadband Solutions. 'Designed for 4 GHz, the EN3400 is a high-performance, multi-application solution with a unique form factor suitable for MDU, hospitality, and enterprise deployments long into the future.' Article content About Vecima Networks Vecima Networks Inc. (TSX: VCM) is leading the global evolution to the multi-gigabit, content-rich networks of the future. Our talented people deliver future-ready software, services, and integrated platforms that power broadband and video streaming networks, monitor and manage transportation, and transform experiences in homes, businesses, and everywhere people connect. We help our customers evolve their networks with cloud-based solutions that deliver ground-breaking speed, superior video quality, and exciting new services to their subscribers. There is power in connectivity – it enables people, businesses, and communities to grow and thrive. Learn more at Article content This news release contains forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements regarding Vecima's business strategies and objectives, and the anticipated benefits, performance, capabilities, availability or adoption of its products and services. Such statements reflect current expectations and assumptions about future events and are subject to risks and uncertainties. Vecima undertakes no obligation to update any forward-looking statements unless required by law. Article content Article content Article content Article content
Associated Press
02-06-2025
- Business
- Associated Press
Vecima Introduces Industry's First Compact Generic Access Platform (GAP) Node Designed for 4 GHz
VICTORIA, British Columbia--(BUSINESS WIRE)--Jun 2, 2025-- Vecima Networks Inc. (VCM: TSX) today announced the launch of its Entra EN3400 Compact Generic Access Platform (GAP) Node, deployed as either a two-port, Remote PHY (R-PHY)-enabled cable access node supporting DOCSIS 4.0 or a two-port All-PON™ node. In October 2021, Vecima announced the Entra EN9000, the world's first commercially available GAP node, which is now in broad deployment with a Tier 1 Broadband Service Provider in North America. The EN3400 Compact GAP Node is a future-proof, 'Forever Node' with a 4.0 GHz-capable housing supporting the same DOCSIS 3.1 Remote PHY and 10G-EPON modules as the EN9000 today, while seamlessly evolving to XGS-PON, DOCSIS 4.0, NRoC (New Radio over Coax) and future HFC and PON solutions. Building on the interoperability of the EN9000, its open architecture allows operators to select the best solutions from a variety of vendors, driving down costs and ensuring network agility and scalability. Through future module upgrades for Unified DOCSIS 4.0, the EN3400 is targeting delivery of up to 20 Gbps downstream and 6 Gbps upstream as a Distributed Access Architecture (DAA) cable access node. In addition, the EN3400 offers flexible power options, including both standard AC power and 60/90V cable powering to support multi-dwelling unit, enterprise, and hospitality applications. This flexibility translates into significant long-term savings and operational efficiency by reducing the need for frequent hardware upgrades or replacements. 'The Entra EN3400 is the latest product from Vecima, building on the success of the original EN9000 GAP Node,' said Ryan Nicometo, Senior Vice President and General Manager, Video & Broadband Solutions. 'Designed for 4 GHz, the EN3400 is a high-performance, multi-application solution with a unique form factor suitable for MDU, hospitality, and enterprise deployments long into the future.' Learn more about the Entra EN3400 at This news release contains forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements regarding Vecima's business strategies and objectives, and the anticipated benefits, performance, capabilities, availability or adoption of its products and services. Such statements reflect current expectations and assumptions about future events and are subject to risks and uncertainties. Vecima undertakes no obligation to update any forward-looking statements unless required by law. View source version on CONTACT: Vecima Networks, Inc. Media Relations:[email protected] Investor Relations: 250-881-1982,[email protected] KEYWORD: NORTH AMERICA CANADA INDUSTRY KEYWORD: TECHNOLOGY AUDIO/VIDEO TELECOMMUNICATIONS MOBILE/WIRELESS SOFTWARE NETWORKS INTERNET SOURCE: Vecima Networks Inc. Copyright Business Wire 2025. PUB: 06/02/2025 07:30 AM/DISC: 06/02/2025 07:28 AM
Globe and Mail
22-05-2025
- Business
- Globe and Mail
Vecima and Net-Com to Deploy Entra® DAA Remote MACPHY with Hanstholm Net in Denmark
Vecima Networks Inc. (TSX: VCM) today announced that Net-Com is deploying Vecima's Entra® SC-1D Access Node and Entra® Access Controller ('EAC') solutions for Hanstholm Net, an internet service provider in Denmark. Vecima's Entra SC-1D Remote MACPHY node, a key component of the Entra Distributed Access Architecture ('DAA') product portfolio, equips cable operators to transition their networks toward greater efficiency and scalability. By moving MAC and PHY layer functions to the access edge, the SC-1D reduces core network load, lowers latency, and increases bandwidth availability, supporting efficient delivery of high-throughput services. With enhanced DOCSIS® 3.1 support for Remote MACPHY nodes, the Entra SC-1D Access Node delivers fiber-comparable performance over existing HFC networks. It offers a cost-effective, easily deployable, and future-ready path to 10 Gigabit Internet access while preserving existing infrastructure investments. Complementing the SC-1D, Vecima's EAC serves as a centralized management platform that orchestrates the complex interactions between the core network and distributed access devices. The EAC ensures seamless integration and optimal performance of the DAA ecosystem, facilitating advanced features such as dynamic bandwidth allocation and network virtualization. 'Our transition to Distributed Access Architecture with Vecima's Remote MACPHY solutions represents a strategic leap forward in both performance and scalability,' said Lars Røge Hamer, Chairman at Hanstholm Net. 'Achieving a reduction in headend power consumption by around 60 percent, while unlocking the scalability needed for multigigabit services allows us to operate more efficiently and deliver next-generation connectivity without compromise.' 'Hanstholm Net's adoption of Vecima's technology through Net-Com, marks a strategic advancement in its network infrastructure to support high-performance broadband delivery', said Gert K. Hansen, CTO at Net-Com. 'This partnership represents an important step forward as Vecima's reliable products and solid support align well with our plans to expand DOCSIS® services and support other operators as we continue to grow in Denmark.' Equipped for multigigabit downstream capacity and fully licensed to support additional bandwidth without incremental costs, the Entra SC-1D Access Node offers operators a future-ready platform with simplified deployment and minimal operational overhead. 'As part of Vecima's Remote MACPHY suite, the Entra SC-1D Access Node and Entra Access Controller together deliver significant performance gains and centralized orchestration, bridging the core network with distributed access devices through simplified, scalable control,' said Ryan Nicometo, Senior Vice President and General Manager, Vecima Video & Broadband Solutions. 'We are excited that our partnership with Net-Com is bringing Vecima's industry-leading access solutions to more operators in Europe. This reinforces our global market leadership in Remote MACPHY technologies.' The Vecima DAA portfolio, recognized by the Dell'Oro Group for the fourth consecutive year as the global market share leader in R-MACPHY and Remote Optical Line Terminal solutions ('R-OLT'), is deployed by operators around the world. Vecima will showcase its industry-leading cable and fiber access solutions, including the SC-1D, at ANGA COM 2025. Vecima Networks at ANGA COM 2025 June 3-5 in Cologne, Germany Stand A20, Hall 8 About Hanstholm Net Hanstholm Net is a local provider in Denmark, serving over 600+ cable TV customers, offering both television channels and high-speed internet. Their services are delivered via a hybrid network utilizing both coaxial cable and fiber optic infrastructure. Learn more at About Net-Com Net-Com is a Danish distributor specializing in a broad range of network equipment to support both small-scale and enterprise-level network infrastructures. With expertise in telecommunications and networking solutions, Net-Com facilitates superior connectivity across Denmark. Learn more at About Vecima Networks Vecima Networks Inc. (TSX: VCM) is leading the global evolution to the multi-gigabit, content-rich networks of the future. Our talented people deliver future-ready software, services, and integrated platforms that power broadband and video streaming networks, monitor and manage transportation, and transform experiences in homes, businesses, and everywhere people connect. We help our customers evolve their networks with cloud-based solutions that deliver ground-breaking speed, superior video quality, and exciting new services to their subscribers. There is power in connectivity – it enables people, businesses, and communities to grow and thrive. Learn more at This news release contains forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements regarding Vecima's business strategies and objectives, and the anticipated benefits, performance, capabilities, availability or adoption of its products and services. Such statements reflect current expectations and assumptions about future events and are subject to risks and uncertainties. Vecima undertakes no obligation to update any forward-looking statements unless required by law.
