This report should not be construed as providing investment advice. It is for educational purposes only.  Before making any investment decision, you should always do your own research or consult a investment professional.
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Calian Technologies Ltd www.calian.com CTY Fiscal Yr: Sep 30
Year 9/30/00 9/30/01 9/30/02 9/30/03 9/30/04 9/30/05 9/30/06 9/30/07 9/30/08 9/30/09 9/30/10 9/30/11 9/29/12 9/29/13 #Y
Accounting Rules C GAAP C GAAP
Revenue* $126.5 $120.6 $131.9 $141.0 $169.7 $177.8 $182.8 $189.9 $193.2 $227.2 $215.7 $226.7 $227.0 87.86% <-Total Growth 10 Revenue
Increase 33.58% -4.66% 9.31% 6.95% 20.33% 4.76% 2.85% 3.84% 1.74% 17.64% -5.06% 5.06% 0.15% 6.51% <-IRR #YR-> 10 Revenue
Rev per Share $13.02 $12.34 $16.40 $17.17 $20.48 $20.91 $21.77 $22.75 $23.85 $29.34 $27.99 $29.55 $29.60 4.39% <-IRR #YR-> 5 Revenue
P/S (Price/Sales) 0.46 0.17 0.23 0.52 0.51 0.63 0.51 0.57 0.48 0.60 0.67 0.61 0.59 9.12% <-IRR #YR-> 10 Rev Per share
Median P/S 10 yr  0.54 5 yr  0.60 6.30% <-IRR #YR-> 5 Rev Per share
*Revenue in M CDN $ 
-$120.6 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $226.7
-$182.8 $0.0 $0.0 $0.0 $0.0 $226.7
-$12.34 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $29.55
-$21.77 $0.00 $0.00 $0.00 $0.00 $29.55
EPS* $1.19 -$1.51 $0.41 $0.58 $1.22 $1.03 $0.78 $1.10 $1.27 $2.11 $1.75 $1.71 $1.77 -213.25% <-Total Growth 10 Earnings
Increase 230.56% -226.89% -127% 41.46% 110.34% -15.57% -24.27% 41.03% 15.45% 66.14% -17.06% -2.29% 3.51% 17.20% <-IRR #YR-> 9 Earnings
Earnings Yield 19.7% -71.9% 10.8% 6.5% 11.8% 7.9% 7.1% 8.5% 11.0% 11.9% 9.3% 9.5% 10.1% 17.00% <-IRR #YR-> 5 Earnings
* ESP per share (Cdn GAAP) E/P 10 Yrs 9.39% 5Yrs 9.46%
-$0.41 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.71
-$0.78 $0.00 $0.00 $0.00 $0.00 $1.71
Sp Div $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.00 $0.00
Div* $0.17 $0.22 $0.32 $0.33 $0.42 $0.54 $0.64 $0.79 $0.97 $1.04 $1.04 470.59% <-Total Growth 8 Dividends
Increase 0.00% 29.41% 45.45% 3.12% 27.27% 28.57% 18.52% 23.44% 22.78% 7.22% 0.00% 23.44% <-Median-> 9 Dividends
Yield H/L Pr. 1.99% 1.78% 2.49% 2.93% 3.19% 5.09% 4.24% 4.42% 5.15% 3.19% <-Median-> 9 Dividends
Yield on High  Pr. 1.40% 1.43% 2.15% 2.62% 3.04% 4.15% 3.37% 4.14% 4.73% 3.04% <-Median-> 9 Dividends
Yield on Low Pr. 3.40% 2.37% 2.95% 3.32% 3.35% 6.57% 5.71% 4.73% 5.66% 3.40% <-Median-> 9 Dividends
Yield on Cl Pr. 1.91% 2.12% 2.44% 3.00% 3.23% 4.70% 3.62% 4.20% 5.37% 5.92% 5.92% 3.23% <-Median-> 9 Dividends
Payout Ratio 29.3% 18.0% 31.1% 42.3% 38.2% 42.5% 30.3% 45.1% 56.7% 58.8% #DIV/0! 38.18% <-Median-> 9 DPR EPS
Payout Ratio CF 7.5% 12.0% -25.6% 24.2% 53.1% 23.4% 19.0% 283.4% 111.2% #DIV/0! #DIV/0! 23.39% <-Median-> 9 DPR CF
Payout Ratio CF NC 14.6% 11.9% 26.0% 33.5% 32.7% 36.3% 26.6% 41.5% 51.3% #DIV/0! #DIV/0! 32.75% <-Median-> 9 DPR CF NC
Median 5 Yrs Div Yd $0.12 in 5 yrs 23.95% in 10 yrs Yield  4.42% 4.20% Payout 42.5% 36.3% #DIV/0! #DIV/0! 24.32% <-IRR #YR-> 8 Dividends
* Dividends per share  15.0% 5 15.0% 10 Curr diff 34.04% Last Div Inc ---> $0.25 $0.26 4.0% 24.07% <-IRR #YR-> 5 Dividends
-$0.17 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.97
-$0.33 $0.00 $0.00 $0.00 $0.00 $0.97
# yrs are----> 0 -4.14%
TFSA $18.85 2011 5.52% 0.05%
H/LYield held 5 yrs 5.76% 5.37% 5.12% 12.00% 10.43% 6.32% 5.18% 6.15% 8.60% 7.89% 9.80% 6.15% <-Median-> 9 Dividends
H/LYield held 10 yrs 2.99% 4.15% 6.81% 7.86% 13.33% 18.31% 15.63% 12.64% 35.27% 25.84% 12.16% 12.64% <-Median-> 9 Dividends
H/LYield held 15 yrs 9.49% 12.08% 16.81% 23.10% 33.02% 35.25% 14.44% <-Median-> 4 Dividends
H/LYield held 20 yrs 18.28% #NUM! <-Median-> 0 Dividends
Graham No. $10.79 $5.12 $5.45 $6.79 $10.95 $10.84 $9.74 $12.23 $13.49 $19.26 $17.38 $17.77 $18.07 247.21% <-Total Growth 10 Graham Price
Prem /Disc. High -9.15% -31.60% 0.87% 78.32% 40.70% 37.33% 29.42% 12.83% -3.66% -1.35% 9.76% 15.39% 14.11% <-Median-> 10 Graham Price
Prem /Disc. H/L Ave -42.06% -46.25% -26.18% 26.00% 12.83% 18.64% 15.81% 7.72% -21.37% -21.60% 2.91% 5.96% 6.84% <-Median-> 10 Graham Price
Prem /Disc. Low -74.97% -60.91% -53.23% -26.31% -15.03% -0.05% 2.20% 2.61% -39.08% -41.85% -3.93% -3.47% -9.48% <-Median-> 10 Graham Price
Prem /Disc. Cl -43.92% -58.96% -30.31% 30.87% -5.26% 20.99% 12.99% 6.29% -14.77% -8.10% 8.09% 1.71% -2.79% 4.00% <-Median-> 10 Graham Price
Price Cl $6.05 $2.10 $3.80 $8.88 $10.37 $13.11 $11.00 $13.00 $11.50 $17.70 $18.79 $18.07 $17.57 $17.57 760.48% <-Total Growth 10 Stock Price
Increase 40.70% -65.29% 80.95% 133.68% 16.78% 26.42% -16.09% 18.18% -11.54% 53.91% 6.16% -3.83% -2.77% 0.00% 24.01% <-IRR #YR-> 10 Stock Price
P/E 5.08 -1.39 9.27 15.31 8.50 12.73 14.10 11.82 9.06 8.39 10.74 10.57 9.93 #DIV/0! 10.44% <-IRR #YR-> 5 Stock Price
Trailing P/E 16.81 1.76 -2.52 21.66 17.88 10.75 10.68 16.67 10.45 13.94 8.91 10.33 10.27 9.93 30.75% <-IRR #YR-> 10 Price & Div
Median 5 Yrs D.  per yr 6.73% 6.08% % Tot Ret 21.89% 36.81% Price Inc 6.16% P/E:  10.65 10.57 16.52% <-IRR #YR-> 5 Price & Div
Yr End Sep 30
-$2.10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $18.07
-$11.00 $0.00 $0.00 $0.00 $0.00 $18.07
-$2.10 $0.00 $0.17 $0.22 $0.32 $0.33 $0.42 $0.54 $0.64 $1.79 $19.04
-$11.00 $0.42 $0.54 $0.64 $1.79 $19.04
Price H/L Median $6.25 $2.75 $4.03 $8.55 $12.35 $12.86 $11.28 $13.18 $10.61 $15.10 $17.89 $18.83 584.55% <-Total Growth 10 Stock Price
Increase 52.63% -56.00% 46.36% 112.42% 44.44% 4.09% -12.29% 16.85% -19.47% 42.32% 18.48% 5.23% 21.21% <-IRR #YR-> 10 Stock Price
P/E 5.25 -1.82 9.82 14.74 10.12 12.48 14.46 11.98 8.35 7.16 10.22 11.01 10.80% <-IRR #YR-> 5 Stock Price
Trailing P/E 17.36 2.31 -2.67 20.85 21.29 10.54 10.95 16.89 9.65 11.89 8.48 10.76 27.02% <-IRR #YR-> 10 Price & Div
Median 5 Yrs D.  per yr 5.81% 5.89% % Tot Ret 21.50% 35.31% Price Inc 16.85% P/E:  10.62 10.22 16.69% <-IRR #YR-> 5 Price & Div
Yr End Dec 31
-$2.75 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $18.83
-$11.28 $0.00 $0.00 $0.00 $0.00 $18.83
-$2.75 $0.00 $0.17 $0.22 $0.32 $0.33 $0.42 $0.54 $0.64 $1.79 $19.80
-$11.28 $0.42 $0.54 $0.64 $1.79 $19.80
Hi Mths Mar Jan/Mar Dec Dec Apr Jan Dec Jul May Nov Nov Jul Stock Price
Price Hi $9.80 $3.50 $5.50 $12.10 $15.40 $14.88 $12.60 $13.80 $13.00 $19.00 $19.08 $20.50 485.71% <-Total Growth 10 Stock Price
Increase 96.39% -64.29% 57.14% 120.00% 27.27% -3.38% -15.32% 9.52% -5.80% 46.15% 0.42% 7.44% 19.34% <-IRR #YR-> 10 Stock Price
P/E 8.24 -2.32 13.41 20.86 12.62 14.45 16.15 12.55 10.24 9.00 10.90 11.99 10.22% <-IRR #YR-> 5 Stock Price
Trailing P/E 27.22 2.94 -3.64 29.51 26.55 12.20 12.23 17.69 11.82 14.96 9.04 11.71 Yr End Dec 31 Stock Price
Median 5 Yrs Yr End Dec 31 Price Inc 7.44% P/E: Y-T 10.90 11.82 Stock Price
-$3.50 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $20.50
-$12.60 $0.00 $0.00 $0.00 $0.00 $20.50
Low Mths Dec  Sep Jan Jan Oct Dec Jan Aug Nov Jan Jun Dec Stock Price
Price Low $2.70 $2.00 $2.55 $5.00 $9.30 $10.83 $9.95 $12.55 $8.22 $11.20 $16.70 $17.15 757.50% <-Total Growth 10 Stock Price
Increase -15.63% -25.93% 27.50% 96.08% 86.00% 16.45% -8.13% 26.13% -34.50% 36.25% 49.11% 2.69% 23.97% <-IRR #YR-> 10 Stock Price
P/E 2.27 -1.32 6.22 8.62 7.62 10.51 12.76 11.41 6.47 5.31 9.54 10.03 11.50% <-IRR #YR-> 5 Stock Price
Trailing P/E 7.50 1.68 -1.69 12.20 16.03 8.88 9.66 16.09 7.47 8.82 7.91 9.80 Yr End Dec 31 Stock Price
Median 5 Yrs Yr End Dec 31 Price Inc 26.13% P/E: Y-T 9.54 8.82 Stock Price
-$2.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $17.15
Market Cap $59 $21 $31 $73 $86 $111 $92 $108 $93 $137 $145 $139 $135 0.022 0.28%
0.079 1.03%
# of Sh in M 9.718 9.775 8.039 8.212 8.288 8.503 8.399 8.346 8.098 7.745 7.707 7.670 7.670 Share Capital Shares
Increase 9.12% 0.58% -17.76% 2.16% 0.92% 2.60% -1.22% -0.64% -2.96% -4.37% -0.49% -0.48% -0.56% <-Median-> 10 Shares
CF fr Op $M -$1.8 $3.2 $3.2 $18.7 $15.2 -$10.6 $11.5 $6.6 $18.7 $26.1 $2.1 $6.7 108.64% <-Total Growth 10 Cash Flow
OPS -$0.18 $0.33 $0.39 $2.27 $1.83 -$1.25 $1.37 $0.79 $2.31 $3.36 $0.28 $0.87 165.89% <-Total Growth 10 Cash Flow
CF excl Non-Cash $7.1 -$2.1 $7.1 $9.5 $15.3 $10.5 $8.3 $10.7 $12.0 $18.6 $14.7 $14.5 10.27% <-IRR #YR-> 10 Cash Flow
OPS non-cash $0.73 -$0.21 $0.88 $1.16 $1.85 $1.23 $0.98 $1.28 $1.49 $2.40 $1.90 $1.89 2.49% <-IRR #YR-> 4 Cash Flow
P/OCF on Close 8.33 -9.77 4.32 7.64 5.62 10.63 11.17 10.14 7.73 7.36 9.88 9.56 8.85% <-IRR #YR-> 9 CF - non cash
Median Using CF excl Non-Cash in calculations P/CF 10 yr 8.65 5 yr  9.56 13.92% <-IRR #YR-> 5 CF - non cash
*Operational Cash Flow per share
-$0.33 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.87
-$0.79 $0.00 $0.00 $0.00 $0.87
-$0.88 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.89
-$0.98 $0.00 $0.00 $0.00 $0.00 $1.89
OPM 5.58% -1.74% 5.37% 6.77% 9.02% 5.90% 4.52% 5.64% 6.24% 8.19% 6.79% 6.39% should be zero, it is a check on calculations
Diff from Median -11.7% -127.6% -15.0% 7.2% 42.8% -6.6% -28.4% -10.7% -1.3% 29.7% 7.6% 1.3% 0.00 <-Median-> 10 #DIV/0!
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 6.31% 5 Yrs 6.39%
Curr Assets $43.16 $37.57 $42.32 $64.07 $56.93 $60.50 $50.80 $56.06 $68.67 $87.05 $74.72 $76.57 Liq ratio of 1.5 and up, best Assets
Curr Liab. $27.24 $26.36 $28.94 $35.09 $32.23 $31.66 $22.80 $22.22 $34.33 $43.81 $32.71 $27.67 1.99 <-Median-> 10 Liabilities
Liquidity 1.58 1.43 1.46 1.83 1.77 1.91 2.23 2.52 2.00 1.99 2.28 2.77 2.28 <-Median-> 5 Ratio
Assets $70.00 $54.45 $55.03 $64.07 $68.50 $74.78 $68.23 $72.66 $85.93 $104.33 $91.86 $90.59 A/L ratio of 1.5 and up, best Assets
Liabilities $27.76 $26.71 $29.12 $35.09 $32.33 $31.70 $22.87 $22.22 $34.33 $43.81 $32.71 $27.67 2.44 <-Median-> 10 Liabilities
A/L Ratio 2.52 2.04 1.89 1.83 2.12 2.36 2.98 3.27 2.50 2.38 2.81 3.27 2.81 <-Median-> 5 Ratio
Book Value $42.24 $27.74 $25.91 $28.97 $36.17 $43.08 $45.36 $50.44 $51.60 $60.51 $59.15 $62.92 $62.92 126.81% <-Total Growth 10 Book Value
BV per share $4.35 $2.84 $3.22 $3.53 $4.36 $5.07 $5.40 $6.04 $6.37 $7.81 $7.67 $8.20 $8.20 189.04% <-Total Growth 10 Book Value
Change 47.60% -34.70% 13.56% 9.47% 23.70% 16.07% 6.61% 11.92% 5.42% 22.63% -1.77% 6.88% 0.00% 0.9587 Current/Historical Book Value
P/BV (CL) 1.39 0.74 1.18 2.52 2.38 2.59 2.04 2.15 1.80 2.27 2.45 2.20 2.14 11.20% <-IRR #YR-> 10 Book Value
Change -4.68% -46.84% 59.35% 113.46% -5.59% 8.92% -21.29% 5.60% -16.09% 25.51% 8.08% -10.02% -2.77% 8.72% <-IRR #YR-> 5 Book Value
Leverage (A/BK) 1.66 1.96 2.12 2.21 1.89 1.74 1.50 1.44 1.67 1.72 1.55 1.44 0.00 1.69 <-Median-> 10 A/BV
Debt/Eq Ratio 0.66 0.96 1.12 1.21 0.89 0.74 0.50 0.44 0.67 0.72 0.55 0.44 0.00 0.69 <-Median-> 10 Debt/Eq Ratio
Median P/BV 10 yr Ave 2.23 5 yr Ave 2.20
-$2.84 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $8.20
-$5.40 $0.00 $0.00 $0.00 $0.00 $8.20
ROE 14.4% 20.2% 16.6% 117.7% 17.0% 19.8% 19.78% <-Median-> 5 Compreh. Inc
Comprehensive Inc $6.54 $10.17 $8.59 $71.22 $10.08 $12.44 Compreh. Inc
Increase 55.57% -15.53% 728.96% -85.85% 23.51%
ROE 29.5% -53.0% 13.2% 16.7% 28.9% 20.3% 14.6% 18.2% 20.4% 70.6% 23.0% 20.9% Net Income/Shareholders' equity
5Yr Median 6.2% 6.2% 13.1% 13.2% 16.7% 16.7% 16.7% 18.2% 20.3% 20.3% 20.4% 20.9%
Net Income $12.44 -$14.69 $3.42 $4.85 $10.44 $8.75 $6.62 $9.21 $10.51 $42.69 $13.61 $13.18 -41.31% <-Total Growth 11 Net Income
Oper C. F. -$1.78 $3.21 $3.17 $18.68 $15.17 -$10.62 $11.47 $6.60 $18.70 $26.06 $2.15 $6.69 Cash Flow Statement 
Invest. C. F -$6.46 -$1.06 -$0.49 -$1.04 -$5.23 -$0.62 -$8.01 -$0.94 -$2.03 -$1.39 -$1.38 $3.41 Cash Flow Statement
Total Accruals $20.69 -$16.84 $0.74 -$12.79 $0.50 $19.98 $3.16 $3.54 -$6.16 $18.03 $12.84 $3.08
Total Assets $70.00 $54.45 $55.03 $64.07 $68.50 $74.78 $68.23 $72.66 $85.93 $104.33 $91.86 $90.59 Balance Sheet
Accruals Ratio 29.55% -30.93% 1.34% -19.96% 0.73% 26.72% 4.62% 4.87% -7.17% 17.28% 13.98% 3.40%
up/down/neutral
Chge in Close 40.70% -65.29% 80.95% 133.68% 16.78% 26.42% -16.09% 18.18% -11.54% 53.91% 6.16% -3.83%
Any Predictions?
Fin. C. F -$0.79 -$0.51 -$5.40 -$1.94 -$4.13 -$1.88 -$4.02 -$4.41 -$7.55 -$8.41 -$15.33 -$8.44
Total Accruals $21.47 -$16.33 $6.14 -$10.85 $4.63 $21.86 $7.17 $7.95 $1.39 $26.44 $28.17 $11.52
Accruals Ratio 30.67% -29.99% 11.16% -16.93% 6.75% 29.23% 10.51% 10.94% 1.61% 25.34% 30.67% 12.71%
Jan 2012.  Last estimates were for 2011 Co. said $1.50 to $1.70 EPS, analysts $1.72.
Apr 2011. Scan on the Toronto Stock Exchange of companies that had low debt and strong dividend payouts to shareholders. Specifically, these businesses have debt-to-equity ratios of less than 10 per cent, 
dividend yields of 2 per cent or more and a dividend payout ratio (i.e. the percentage of earnings paid back to shareholders) of at least 30 per cent.  This is a company that showed up.
Dividend given on Webbroker and Yahoo differs from annual statement.  Annual statement seems to be one dividend behind. They do not seem to count the Nov div paid in Dec
Company says that they paid a dividend of $.18 in 1998.  they had planned to pay one also in 1999, but then decided not to.
Number of Shares are going down slightly, but they are doing repurchases that seem to cover issuing stock for Stock Option Plan and Employee Stock Purchase Plan.
How they make their money.
Calian sells technology services to industry and government in Canada and around the world. Calian provides customers with ready access to an exceptional team of engineers, telecommunications 
and technology professionals, health care professionals and other highly qualified staff.
0.214 2.79%
www.thefinancialblogger.com has blogged on this stock
http://www.thefinancialblogger.com/top-ten-canadian-dividend-stocks/ 
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.  
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
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Basler, Raymond Gregory; CEO 0.073 0.95% $1,280,853
O'Brien, Larry; Officer 0.183 2.39% $3,215,310