Enghouse Systems Limited (ENGH $18.50)
- $18.50 P/E (TTM): 14.02X Cap: $1.01B
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Review of Enghouse Systems

NOV 20, 2025 - A growth acquisition could be a good catalyst, but ENGH’s particular niche in the tech sector has been less robust than the broader tech sector. We think a takeover/privatization may be possible as we feel management could be just as frustrated as public shareholders. Overall, this name has been fairly disappointing amid a tech boom in recent years, and as a result of its lagging performance and execution, we are dropping coverage on the name.

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Enghouse Systems Limited (ENGH $18.50)
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Open Text Corporation (OTEX $35.58)
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Hydro One Limited (H $53.70)
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Q: Can you please provide your analysis of whether AI software developments will negatively impact the businesses of OTEX and ENGH? Both companies seem solid, reasonably well-managed, and pay nice dividends to compensate for their low growth. Should I be concerned that their revenues will decline over time such that my retirement income will be in jeopardy? Should I move on to a more stable dividend payer, for example FTS, that is less likely to be hurt by AI?

Read Answer Asked by David on January 19, 2026

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Enghouse Systems Limited (ENGH $18.50)
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Q: I am not particularly proud to acknowledge that I own the above- but I do. ENGH and OTEX are in accounts that are structured for income and some growth, while DSG is in an account that is looking for primarily growth. Canadian traded is key for all. Looking for your input on these companies and whether there are better options that I am missing.
No hurry to reply; deduct credits as necessary.
Seconding the comment today regarding your recent report. Well done and I hope that now you have it you continue to update it as companies come and go. It is a great resource.

Read Answer Asked by Robert on January 19, 2026

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Enghouse Systems Limited (ENGH $18.50)
- $18.50 P/E (TTM): 14.02X Cap: $1.01B
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Q: Can you please provide your most likely Cdn takeover targets in 2026 and rank them both in terms of takeover likeliness and quality of the company if they are not bought out this year (comfortable holding if a bid doesn't materialize this year).

Read Answer Asked by Chris on January 13, 2026