Hi Adrian,
CTS is one i like - consider it a mini-CGI Group. An IT service provider that is doing some serious industry consolidation. Despite its run-up, the company is well priced, trading at only 1.4 times sales and EV/Revenue of 2.1. The company is not yet profitable, not surprising since it is an early stage growth company.
The good news is that EBITDA is positive and has been improving YoY since it went public. So the company is proving to be more efficient as it matures. While growth is expected to slow (+75% revenue growth this year, +38% in Fiscal 2022 and +24% in Fiscal 2023), these are still very healthy growth numbers. They also don't take into account any potential transformational acquisitions down the road.
Of note, I have a full position in GIB.A which is the industry leader and more established. However, I'd have no issues with taking a position in the company - especially if one is looking for a higher growth profile. Just be prepared for potential volatility given its status as a small cap.
Mat