mdf Commerce (MDF.TO) Stock Price

mdf Commerce Price

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mdf Commerce (MDF.TO) Stock | ISIN CA55283M1032 | WKN A2QD3S. Revenue is 136.04 M CAD. Net income is -3.11 M CAD. mdf Commerce operates in the Communication sector.

Revenue has compounded at 5.2% per year over the past 19 years to 128.3 M CAD. Earnings per share have grown at 1.6% per year over the last 14 years. mdf Commerce's net margin stands at -66.3%, down from -30.9% several years earlier. The dividend has grown at 11.6% per year over the past 10 years.

mdf Commerce stock price

Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of mdf Commerce over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how mdf Commerce stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing mdf Commerce's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

mdf Commerce Stock Price History
Datemdf Commerce Price
Access this data via the Eulerpool API

mdf Commerce Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2004
48.68 M CAD
9.8 M CAD
7.3 M CAD
Jan 1, 2005
46.32 M CAD
11.31 M CAD
7.54 M CAD
Jan 1, 2006
50.13 M CAD
14.04 M CAD
9.78 M CAD
Jan 1, 2007
46.04 M CAD
6.69 M CAD
5.06 M CAD
Jan 1, 2008
47.75 M CAD
2.79 M CAD
1.95 M CAD
Jan 1, 2009
47.94 M CAD
-940,000 CAD
-1.29 M CAD
Jan 1, 2010
45.73 M CAD
9.48 M CAD
2.53 M CAD
Jan 1, 2011
47.08 M CAD
12.35 M CAD
8 M CAD
Jan 1, 2012
53.82 M CAD
13.23 M CAD
9.51 M CAD
Jan 1, 2013
60.71 M CAD
19.86 M CAD
13.97 M CAD
Jan 1, 2014
65.38 M CAD
17.09 M CAD
12.71 M CAD
Jan 1, 2015
70.25 M CAD
20.86 M CAD
15.63 M CAD
Jan 1, 2016
73.02 M CAD
23.04 M CAD
15.83 M CAD
Jan 1, 2017
77.74 M CAD
21.45 M CAD
15.84 M CAD
Jan 1, 2018
80.94 M CAD
14.92 M CAD
7.18 M CAD

mdf Commerce Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 22, 2026, 2:30 PM
 
REVENUE (M CAD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (M CAD)
NET INCOME (M CAD)
NET INCOME GROWTH (%)
SHARES (M)
DOCUMENTS
201920202021202220232024e2025e2026e
837578108128124130136
3.75-9.64438.4618.52-3.134.844.62
74.770.6760.2656.4857.0358.8756.1553.68
6253476173737373
-25-5-7-23-85-11-2-3
-457.14-8040228.57269.57-87.06-81.8250
14.8514.9119.7537.3743.9743.9743.9743.97
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales mdf Commerce generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue mdf Commerce retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare mdf Commerce's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares mdf Commerce has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against mdf Commerce's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

mdf Commerce stock margins

The mdf Commerce margin analysis displays the gross margin, EBIT margin, as well as the profit margin of mdf Commerce. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for mdf Commerce.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2004
85.23 %
20.13 %
15 %
Jan 1, 2005
83.74 %
24.42 %
16.28 %
Jan 1, 2006
83.96 %
28.01 %
19.51 %
Jan 1, 2007
81.52 %
14.53 %
10.99 %
Jan 1, 2008
78.97 %
5.84 %
4.08 %
Jan 1, 2009
76.8 %
-1.96 %
-2.69 %
Jan 1, 2010
77.48 %
20.73 %
5.53 %
Jan 1, 2011
78.21 %
26.23 %
16.99 %
Jan 1, 2012
79.84 %
24.58 %
17.67 %
Jan 1, 2013
79.81 %
32.71 %
23.01 %
Jan 1, 2014
78.8 %
26.14 %
19.44 %
Jan 1, 2015
80.11 %
29.69 %
22.25 %
Jan 1, 2016
80.32 %
31.55 %
21.68 %
Jan 1, 2017
80.63 %
27.59 %
20.38 %
Jan 1, 2018
77.72 %
18.43 %
8.87 %

mdf Commerce Stock Revenue, EBIT, Earnings per Share

The mdf Commerce earnings per share therefore indicates how much revenue mdf Commerce has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2004
2.59 CAD
0.52 CAD
0.39 CAD
Jan 1, 2005
2.47 CAD
0.6 CAD
0.4 CAD
Jan 1, 2006
2.7 CAD
0.76 CAD
0.53 CAD
Jan 1, 2007
2.58 CAD
0.37 CAD
0.28 CAD
Jan 1, 2008
2.94 CAD
0.17 CAD
0.12 CAD
Jan 1, 2009
3.36 CAD
-0.07 CAD
-0.09 CAD
Jan 1, 2010
3.28 CAD
0.68 CAD
0.18 CAD
Jan 1, 2011
3.41 CAD
0.89 CAD
0.58 CAD
Jan 1, 2012
3.91 CAD
0.96 CAD
0.69 CAD
Jan 1, 2013
4.2 CAD
1.37 CAD
0.97 CAD
Jan 1, 2014
4.13 CAD
1.08 CAD
0.8 CAD
Jan 1, 2015
4.47 CAD
1.33 CAD
0.99 CAD
Jan 1, 2016
4.82 CAD
1.52 CAD
1.05 CAD
Jan 1, 2017
5.19 CAD
1.43 CAD
1.06 CAD
Jan 1, 2018
5.44 CAD
1 CAD
0.48 CAD

mdf Commerce business model & stock analysis

Mdf Commerce Inc is a Canadian company specializing in the development of e-commerce technologies. It was founded in 1991 under the name Mediagrif Interactive Technologies and later rebranded as mdf Commerce Inc in 2020. The company's business model focuses on the development and marketing of B2B platforms for various industries. It offers cloud-based technology solutions that enable customers to conduct online business transactions. Mdf Commerce utilizes an integrated platform strategy to provide customers with a wide range of e-commerce solutions, including marketplace development for entrepreneurs to distribute their products and services online. The company also offers procurement and e-procurement solutions. Mdf Commerce is a significant player in the e-commerce technology industry, offering a diverse range of platforms and products for businesses looking to digitize and sell online.

mdf Commerce SWOT Analysis

Strengths

  • Wide Range of E-commerce Solutions
  • Mdf Commerce Inc offers a comprehensive suite of e-commerce solutions, catering to various industries and business sizes. This wide range allows for flexibility and customization, meeting diverse needs and requirements.
  • Established Market Presence
  • With years of industry experience, Mdf Commerce Inc has achieved a strong market position and brand recognition. This established presence provides the company with a competitive advantage and enhances customer trust and loyalty.
  • Strong Technological Expertise
  • Mdf Commerce Inc possesses deep technological expertise in the e-commerce domain. This expertise enables them to develop innovative solutions, stay ahead of market trends, and effectively meet customer expectations.

Weaknesses

  • Dependence on Third-Party Platforms
  • Mdf Commerce Inc relies on third-party platforms for certain functionalities of their e-commerce solutions. This dependence may limit the company's control over these features and expose them to potential risks associated with platform updates or changes.
  • Limited Global Reach
  • Currently, Mdf Commerce Inc's operations are primarily focused on specific regions, which restricts their global reach. Expanding into new international markets may pose challenges such as language barriers, cultural differences, and local competition.
  • Need for Continuous Innovation
  • The rapidly evolving nature of the e-commerce industry necessitates continuous innovation to stay competitive. Mdf Commerce Inc must invest in research and development to ensure their solutions remain up-to-date and aligned with emerging technologies and market trends.

Opportunities

  • Growth in E-commerce Market
  • The global e-commerce market is experiencing substantial growth, presenting opportunities for Mdf Commerce Inc to expand their customer base and increase market share. By capitalizing on this trend, the company can achieve significant revenue growth.
  • Integration of Artificial Intelligence
  • The integration of artificial intelligence (AI) in e-commerce offers various benefits, such as personalized recommendations, efficient inventory management, and enhanced customer service. Mdf Commerce Inc can explore AI-driven solutions to deliver advanced functionalities and improve customer experience.
  • Partnerships and Strategic Alliances
  • Collaborating with other industry players, strategic alliances, or forming partnerships can help Mdf Commerce Inc access new markets, leverage complementary strengths, and strengthen their product offerings. Such collaborations can create mutually beneficial opportunities for growth.

Threats

  • Intense Market Competition
  • The e-commerce industry is highly competitive, with numerous players vying for market share. Mdf Commerce Inc faces the risk of competitors offering similar or superior solutions at competitive prices, which could impact their market position and customer acquisition efforts.
  • Security and Data Privacy Concerns
  • As e-commerce involves the exchange of sensitive customer data, the threat of security breaches and data privacy concerns is significant. Mdf Commerce Inc must prioritize robust security measures, compliance with regulations, and build customer trust in their ability to protect data.
  • Changing Customer Preferences
  • Customer preferences and expectations in the e-commerce industry are continually evolving. Mdf Commerce Inc needs to stay attuned to these changes and quickly adapt their solutions to meet customer demands. Failure to do so could lead to a decline in customer satisfaction and loss of market share.

mdf Commerce Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

mdf Commerce historical P/E ratio, EBIT multiple, and P/S ratio

mdf Commerce annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

mdf Commerce shares outstanding

The number of shares was mdf Commerce in 2025 — This indicates how many shares 43.971 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2004
18.76 M base_Shares
Jan 1, 2005
18.77 M base_Shares
Jan 1, 2006
18.57 M base_Shares
Jan 1, 2007
17.87 M base_Shares
Jan 1, 2008
16.26 M base_Shares
Jan 1, 2009
14.26 M base_Shares
Jan 1, 2010
13.94 M base_Shares
Jan 1, 2011
13.8 M base_Shares
Jan 1, 2012
13.76 M base_Shares
Jan 1, 2013
14.45 M base_Shares
Jan 1, 2014
15.83 M base_Shares
Jan 1, 2015
15.71 M base_Shares
Jan 1, 2016
15.14 M base_Shares
Jan 1, 2017
14.99 M base_Shares
Jan 1, 2018
14.87 M base_Shares

mdf Commerce Dividend History

11 years of dividend payments

YearAnnual DividendYoY ChangePayments
20190.3CAD 25.0%
20180.4CAD 0.0%
20170.4CAD 0.0%
20160.4CAD 0.0%
20150.4CAD 0.0%
20140.4CAD 0.0%
20130.4CAD 14.3%
20120.35CAD 12.9%
20110.31CAD 10.7%
20100.28CAD 180.0%

mdf Commerce dividend payout ratio

In 2025, mdf Commerce had a payout ratio of 61.31%. The payout ratio indicates the percentage of the company's profits that mdf Commerce distributes as dividends.
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Payout ratio
Details
Date
Payout ratio
Jan 1, 2004
53.05 %
Jan 1, 2005
53.05 %
Jan 1, 2006
53.05 %
Jan 1, 2007
53.05 %
Jan 1, 2008
53.05 %
Jan 1, 2009
-111.11 %
Jan 1, 2010
155.56 %
Jan 1, 2011
53.45 %
Jan 1, 2012
50.72 %
Jan 1, 2013
41.24 %
Jan 1, 2014
50 %
Jan 1, 2015
40 %
Jan 1, 2016
38.1 %
Jan 1, 2017
37.74 %
Jan 1, 2018
83.33 %
Price targets and forecasts for mdf Commerce are not yet available.

mdf Commerce Earnings Estimates

mdf Commerce Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
6/25/2024-0.02CAD32.11 MCAD2024 Q4
2/12/2024-0.03CAD31.32 MCAD2024 Q3
8/9/2023-0.04CAD31.52 MCAD2024 Q1
6/27/2023-0.08CAD30.9 MCAD2023 Q4
2/7/2023-0.09CAD31.67 MCAD2023 Q3
11/8/2022-0.11CAD33.21 MCAD2023 Q2
8/10/2022-0.1CAD32.06 MCAD2023 Q1
6/29/2022-0.08CAD33.2 MCAD2022 Q4
2/9/2022-0.08CAD31.37 MCAD2022 Q3
11/10/2021-0.12CAD26.88 MCAD2022 Q2
...

EESG©

Eulerpool ESG Scorecard© for the mdf Commerce stock

35/100
38
Environment
45
Social
23
Governance
E

Environment

20
Scope 1 - Direct Emissions
Scope 2 - Indirect emissions from purchased energy
Scope 3 - Indirect emissions within the value chain
Total CO₂ emissions
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

mdf Commerce shareholder structure

% Name
13.58998%
Fonds de Solidarité FTQ
Fonds de Solidarité FTQ
12.21288%
Investissement Québec
Investissement Québec
12.1156%
Long Path Partners, LP
Long Path Partners, LP
3.52506%
Fidelity Investments Canada ULC
Fidelity Investments Canada ULC
0.30803%
Picton Mahoney Asset Management
Picton Mahoney Asset Management
0.24357%
ATB Investment Management Inc.
ATB Investment Management Inc.
0.19407%
Filiatreault (Luc)
Filiatreault (Luc)
0.10917%
abrdn Investments Limited
abrdn Investments Limited
0.08752%
Dimensional Fund Advisors, L.P.
Dimensional Fund Advisors, L.P.
0.05865%
Dimensional Fund Advisors, Ltd.
Dimensional Fund Advisors, Ltd.

mdf Commerce Executives and Management Board

LF

Mr. Luc Filiatreault

President, Chief Executive Officer, Director · since 2019

Compensation536,675 CAD
ME

Mr. Mark Eigenbauer

President - Eprocurement

Compensation510,015 CAD
DD

Ms. Deborah Dumoulin

Chief Financial Officer

Compensation419,016 CAD
NV

Mr. Nicolas Vanasse

(44)

Vice President, Chief Legal Officer and Corporate Secretary

Compensation400,601 CAD
PC

Mr. Pascal Cardinal

President - Ecommerce

Compensation317,356 CAD

Frequently asked questions about mdf Commerce

The business model of mdf Commerce Inc is focused on providing innovative e-commerce solutions and services to businesses worldwide. It operates through three segments: Strategic Sourcing, Unified Commerce, and E-commerce. The company offers a comprehensive suite of integrated solutions, including e-commerce platforms, digital marketplaces, supply chain management software, and online marketing services. Through its technology-driven approach, mdf Commerce Inc enables businesses to optimize their online presence, streamline operations, and enhance customer experiences. With a strong emphasis on digital transformation and customer-centric strategies, mdf Commerce Inc aims to empower businesses in driving growth and expanding their online capabilities.

All fundamentals and in-depth analysis of mdf Commerce

Our stock analysis for mdf Commerce Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of mdf Commerce Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.