CASCADES INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.18 CAD | -0.11% |
|
-1.18% | -27.89% |
| Apr. 11 | National Bank Previews Cascades' Q1 Results, Cuts Price Target | MT |
| Mar. 29 | Cascades Inc Receives a Shareholder Proposal from Shareholders' Education and Defense Movement | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,058 | 1,491 | 1,409 | 849.1 | 1,282 | 924.5 | - | - |
| Enterprise Value (EV) 1 | 3,011 | 3,170 | 2,760 | 2,815 | 3,164 | 2,700 | 2,534 | 924.5 |
| P/E ratio | 15.4 x | 7.2 x | - | - | -16.8 x | - | - | - |
| Yield | 2.14% | 2.2% | 3.44% | 5.67% | - | 5.23% | 5.23% | - |
| Capitalization / Revenue | 0.21 x | 0.29 x | 0.36 x | 0.19 x | 0.28 x | 0.2 x | 0.19 x | - |
| EV / Revenue | 0.6 x | 0.61 x | 0.7 x | 0.63 x | 0.68 x | 0.58 x | 0.53 x | - |
| EV / EBITDA | 4.98 x | 4.7 x | 7.1 x | 7.49 x | 5.67 x | 5.23 x | 4.4 x | 1.65 x |
| EV / FCF | 14.9 x | 9.41 x | -36.8 x | -7.89 x | 19.8 x | 12.1 x | 9.33 x | - |
| FCF Yield | 6.71% | 10.6% | -2.72% | -12.7% | 5.06% | 8.26% | 10.7% | - |
| Price to Book | 0.71 x | 0.85 x | 0.76 x | 0.46 x | 0.74 x | 0.51 x | 0.48 x | - |
| Nbr of stocks (in thousands) | 94,356 | 102,466 | 100,860 | 100,362 | 100,695 | 100,707 | - | - |
| Reference price 2 | 11.21 | 14.55 | 13.97 | 8.460 | 12.73 | 9.180 | 9.180 | 9.180 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 2/23/23 | 2/22/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,996 | 5,157 | 3,956 | 4,466 | 4,638 | 4,690 | 4,761 | - |
| EBITDA 1 | 604 | 675 | 389 | 376 | 558 | 516.4 | 575.8 | 560 |
| EBIT 1 | 315 | 376 | 137 | 124 | 286 | 258.5 | 302 | - |
| Operating Margin | 6.31% | 7.29% | 3.46% | 2.78% | 6.17% | 5.51% | 6.34% | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income | 69 | 198 | - | - | -76 | - | - | - |
| Net margin | 1.38% | 3.84% | - | - | -1.64% | - | - | - |
| EPS | 0.7300 | 2.020 | - | - | -0.7600 | - | - | - |
| Free Cash Flow 1 | 202 | 337 | -75 | -357 | 160 | 223 | 271.5 | - |
| FCF margin | 4.04% | 6.53% | -1.9% | -7.99% | 3.45% | 4.75% | 5.7% | - |
| FCF Conversion (EBITDA) | 33.44% | 49.93% | - | - | 28.67% | 43.19% | 47.15% | - |
| FCF Conversion (Net income) | 292.75% | 170.2% | - | - | - | - | - | - |
| Dividend per Share 2 | 0.2400 | 0.3200 | 0.4800 | 0.4800 | - | 0.4800 | 0.4800 | - |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 2/23/23 | 2/22/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,030 | 1,028 | 1,038 | 1,119 | 1,174 | 1,135 | 1,134 | 1,168 | 1,198 | 1,138 | 1,133 | 1,188 | 1,176 | 1,165 | - |
| EBITDA 1 | 107 | 62 | 58 | 91 | 111 | 116 | 134 | 141 | 161 | 122 | 96.8 | 129.3 | 145.8 | 145 | 95 |
| EBIT 1 | 44 | 2 | -2 | 28 | 44 | 54 | 72 | 64 | 81 | 49 | 30 | 66 | 81 | 81 | - |
| Operating Margin | 4.27% | 0.19% | -0.19% | 2.5% | 3.75% | 4.76% | 6.35% | 5.48% | 6.76% | 4.31% | 2.65% | 5.56% | 6.89% | 6.95% | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.1200 | 0.1600 | 0.1200 | 0.1200 | 0.1200 | 0.1200 | 0.1200 | 0.1200 | 0.1200 | - | 0.1200 | 0.1200 | 0.1200 | 0.1200 | - |
| Announcement Date | 11/11/21 | 2/24/22 | 5/12/22 | 8/4/22 | 11/10/22 | 2/23/23 | 5/11/23 | 8/3/23 | 11/9/23 | 2/22/24 | - | - | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,953 | 1,679 | 1,351 | 1,966 | 1,882 | 1,776 | 1,610 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.233 x | 2.487 x | 3.473 x | 5.229 x | 3.373 x | 3.439 x | 2.796 x | - |
| Free Cash Flow 1 | 202 | 337 | -75 | -357 | 160 | 223 | 272 | - |
| ROE (net income / shareholders' equity) | - | - | - | - | - | - | - | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 15.80 | 17.10 | 18.40 | 18.60 | 17.20 | 17.80 | 19.10 | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 258 | 250 | 286 | 501 | 350 | 175 | 186 | - |
| Capex / Sales | 5.16% | 4.85% | 7.23% | 11.22% | 7.55% | 3.73% | 3.91% | - |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 2/23/23 | 2/22/24 | - | - | - |
1CAD in Million2CAD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
6
Last Close Price
9.18
CAD
Average target price
11.67
CAD
Spread / Average Target
+27.09%
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -27.89% | 675M | |
| +6.10% | 15.4B | |
| +13.80% | 12.14B | |
| -6.42% | 11.75B | |
| +11.37% | 11.06B | |
| +1.48% | 10.71B | |
| +11.68% | 8.43B | |
| -10.81% | 8.28B | |
| +10.64% | 5.84B | |
| +1.15% | 5.55B |
- Stock Market
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- Financials Cascades Inc.
