External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

Equity Bottom-Up

Key points (machine generated)<ul><li>CMG specializes in unconventional reservoir simulation software for oil and gas, with a CAD570 million market cap and 65-70% recurring revenue.</li><li>The company is transforming into a commercially-focused entity, influenced by major shareholder Edgepoint Investment Group and Constellation Software's heritage.</li><li>Recent acquisitions have diversified CMG's offerings and increased revenue past CAD100 million, but the company faced a 45% stock value drop in FY2025 due to declining oil prices.</li></ul>This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Key points (machine generated)CMG specializes in unconventional reservoir simulation software for oil and gas, with a CAD570 million market cap and 65-70% recurring revenue.The company is transforming into a commercially-focused entity, influenced by major shareholder Edgepoint Investment Group and Constellation Software's heritage.Recent acquisitions have diversified CMG's offerings and increased revenue past CAD100 million, but the company faced a 45% stock value drop in FY2025 due to declining oil prices.This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Computer Modelling Group Ltd (CMG.) - Friday, Jun 13, 2025

Research from Atrium Research, Atrium Research Corporation

Atrium Research

Research from Atrium Research

Atrium Research Corporation

Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis. 

Our research product includes in-depth initiation reports, research notes, thematic research pieces, and company fact sheets.

Thematic (Sector/Industry)

<ul>
<li>We anticipate oil prices to remain within the US$80-$90 range, which will sustain the current uptick in E&amp;P capital expenditure and foster a strong environment for oilfield services firms.</li>
<li>Our peer group continues to trade at deep-value multiples; currently at 4.5x/4.0x 2024E/2025E EBITDA.</li>
<li>We highlight a few of our favourite small-cap names that we believe have significant upside as we move into H2/24.</li>
</ul>


We anticipate oil prices to remain within the US$80-$90 range, which will sustain the current uptick in E&amp;P capital expenditure and foster a strong environment for oilfield services firms.
Our peer group continues to trade at deep-value multiples; currently at 4.5x/4.0x 2024E/2025E EBITDA.
We highlight a few of our favourite small-cap names that we believe have significant upside as we move into H2/24.


<ul><li>CMG is a small-cap company with a leading market share in the unconventional reservoir space</li><li>They see a significant opportunity for their software and machine learning offerings to help maximize asset value and reduce costs and risks in the energy industry</li><li>Under new leadership since mid-2022, the company has shifted towards a more commercially focused approach and is targeting clean energy opportunities such as carbon capture</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

CMG is a small-cap company with a leading market share in the unconventional reservoir spaceThey see a significant opportunity for their software and machine learning offerings to help maximize asset value and reduce costs and risks in the energy industryUnder new leadership since mid-2022, the company has shifted towards a more commercially focused approach and is targeting clean energy opportunities such as carbon captureThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Computer Modelling Group Ltd (CMG.) - Friday, Jan 26, 2024

<ul><li>We expect oilfield service stocks to continue to outperform in 2023 and beyond based on supportive oil price fundamentals, rising capex levels amongst E&amp;Ps, and pricing power leading to margin expansion </li><li>Despite the sector’s strong fundamental tailwinds and the probability for a multi-year commodity supercycle, oilfield service companies are still trading at trough-level multiples In order to end the oil supply deficit, additional rigs are required to be deployed; providing organic growth and pricing power for oilfield service names.</li><li>This will create another year of margin expansion for oilfield service stocks as they take advantage of operating leverage.</li></ul>

We expect oilfield service stocks to continue to outperform in 2023 and beyond based on supportive oil price fundamentals, rising capex levels amongst E&amp;Ps, and pricing power leading to margin expansion Despite the sector’s strong fundamental tailwinds and the probability for a multi-year commodity supercycle, oilfield service companies are still trading at trough-level multiples In order to end the oil supply deficit, additional rigs are required to be deployed; providing organic growth and pricing power for oilfield service names.This will create another year of margin expansion for oilfield service stocks as they take advantage of operating leverage.

Oilfield Services: Another Great Year Ahead

Canada

Computer Modelling Group Ltd. is an international computer software technology and consulting firm involved in the development and licensing of oil and gas reservoir simulation software. The Company's software assists petroleum company clients worldwide to extract significantly increased amounts of oil and gas from their reservoirs.

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Computer Modelling (CMG CN)

Computer Modelling Group Ltd (CMG.) - Friday, Jun 13, 2025

CMG specializes in unconventional reservoir simulation software for oil and gas, with a CAD570 million market cap and 65-70% recurring revenue.

Value Investors Club (VIC)

Oilfield Services: Still Way Too Cheap

We anticipate oil prices to remain within the US$80-$90 range, which will sustain the current uptick in E&P capital expenditure and foster a strong...

Atrium Research

Computer Modelling Group Ltd (CMG.) - Friday, Jan 26, 2024

They see a significant opportunity for their software and machine learning offerings to help maximize asset value and reduce costs and risks in the...

Value Investors Club (VIC)

Oilfield Services: Another Great Year Ahead

We expect oilfield service stocks to continue to outperform in 2023 and beyond based on supportive oil price fundamentals, rising capex levels...

Atrium Research

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