Release date 09-30-2016 Page 1 of 3 Morningstar Analyst Rating Halogen Software Inc HGN — Last Price Day Change Open Price Day Range 52-Week Range $ 7.77 [-0.16 | -2.02 % $ 7.77 7.77-7.77 4.98-7.98 Proj. Yield Market Cap Volume Avg Vol. Forward P/E P/B P/S 167.43 mil 4,290 12,778 263.55 15.45 2.52 P/CF 82.8 Dividends Stock Price 2016-01-01 - 2016-09-30 XTSE:HGN: 3.03|42.38% Declared Date Ex-Dividend Date Latest Indicated Dividend Amount Projected Yield 15.00 10.00 --% 5.00 Recent Dividends & Splits Type Amount Competitors 2016 Morningstar’s Take Name Fair Value Estimate Consider Buying Consider Selling Fair Value Uncertainty Economic Moat Stewardship Growth Profitability Morningstar Credit Rating $$$— — — C - Halogen Software Inc Constellation Software Inc Open Text Corp Shopify Inc A The Descartes Systems Group Inc Kinaxis Inc Price % Chg TTM Sales $ mil 10.18 591.42 -2.02 [ -0.21 [ 69 1,988 84.98 56.29 28.23 -0.45 [ -0.53 [ -0.18 [ 1,824 282 195 66.83 1.00 ] 104 Recommendations Current Key Stats Stock Price/Earnings TTM Price/Book Price/Sales TTM Rev Growth (3 Yr Avg) Net Income Growth (3 Yr Avg) Operating Margin % TTM Net Margin % TTM ROA TTM ROE TTM Debt/Equity Ind Avg Relative to Industry 15.4 2.5 20 -9.2 -9 -10.7 -40.5 Avg + Financials Annual 2015-12 5.0 Buy 3.0 Hold 1.0 Sell Ownership Fund Owners - Income Statement 4.5 Total Analysts: 4 2014-12 2013-12 Quarterly 2016-06 Star Rating Fidelity Special Situations QQQQ Class T8 Fidelity Canadian Growth QQQQQ Company Cl F Dynamic Power Small Cap QQ Series F EdgePoint Cdn Port (non- QQQQ HST) Sr B(N) EdgePoint Cdn Gr & Inc Pt QQQQ (non-HST) B(N) % Shares Held % Total Assets 4.83 0.95 4.25 0.46 4.25 3.04 4.36 0.83 2.81 0.60 2015-06 Balance Sheet Cash Flow ©2016 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. Data as originally reported. The information contained herein is not represented or warranted to be accurate, correct, complete, or timely. This report is for information purposes only, and should not be considered a solicitation to buy or sell any security. Redistribution is prohibited without written permission. To order reprints, call +1 312-696-6100. To license the research, call +1 312-696-6869. ® ß Release date 09-30-2016 Page 2 of 3 Morningstar Analyst Rating Halogen Software Inc HGN — Last Price Day Change Open Price Day Range 52-Week Range $ 7.77 [-0.16 | -2.02 % $ 7.77 7.77-7.77 4.98-7.98 Proj. Yield Market Cap Volume Avg Vol. Forward P/E P/B P/S 167.43 mil 4,290 12,778 263.55 15.45 2.52 P/CF 82.8 Financials Annual Quarterly In millions except "EPS". Currency in USD. ©2016 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. Data as originally reported. The information contained herein is not represented or warranted to be accurate, correct, complete, or timely. This report is for information purposes only, and should not be considered a solicitation to buy or sell any security. Redistribution is prohibited without written permission. To order reprints, call +1 312-696-6100. To license the research, call +1 312-696-6869. ® ß Release date 09-30-2016 Page 3 of 3 Halogen Software Inc HGN Quote Stock Type Last Close 30/09/2016 Fair Value Estimate 7.77 $ ©2016 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. Data as originally reported. The information contained herein is not represented or warranted to be accurate, correct, complete, or timely. This report is for information purposes only, and should not be considered a solicitation to buy or sell any security. Redistribution is prohibited without written permission. To order reprints, call +1 312-696-6100. To license the research, call +1 312-696-6869. Morningstar Rating TM ® ß