FREEHOLD ROYALTIES LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 13.66 CAD | +0.37% |
|
-0.87% | -0.22% |
| May. 08 | Freehold Royalties Ltd. Announces Board Changes | CI |
| May. 07 | Transcript : Freehold Royalties Ltd. - Shareholder/Analyst Call |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 864.4 | 618.7 | 1,754 | 2,385 | 2,063 | 2,051 | - | - |
| Enterprise Value (EV) 1 | 959 | 684.4 | 1,856 | 2,513 | 2,157 | 2,184 | 2,084 | 1,972 |
| P/E ratio | 182 x | -43.4 x | 22 x | 11.4 x | 15.6 x | 12 x | 7.94 x | - |
| Yield | 8.64% | 5.71% | 4.21% | 5.94% | 7.89% | 7.91% | 7.91% | 7.91% |
| Capitalization / Revenue | 6.11 x | 6.88 x | 8.51 x | 6.07 x | 6.56 x | 6.37 x | 5.79 x | 6.09 x |
| EV / Revenue | 6.78 x | 7.61 x | 9 x | 6.39 x | 6.86 x | 6.78 x | 5.89 x | 5.85 x |
| EV / EBITDA | 7.88 x | 9.09 x | 9.83 x | 6.78 x | 7.43 x | 7.77 x | 6.31 x | - |
| EV / FCF | 14 x | 10.8 x | -9.9 x | 7.94 x | 10.5 x | 12.3 x | 8.44 x | 8.49 x |
| FCF Yield | 7.12% | 9.28% | -10.1% | 12.6% | 9.56% | 8.11% | 11.8% | 11.8% |
| Price to Book | - | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 118,568 | 118,746 | 150,585 | 150,654 | 150,684 | 150,689 | - | - |
| Reference price 2 | 7.290 | 5.210 | 11.65 | 15.83 | 13.69 | 13.66 | 13.66 | 13.66 |
| Announcement Date | 3/5/20 | 3/4/21 | 3/2/22 | 3/1/23 | 2/28/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 141.5 | 89.96 | 206.2 | 393 | 314.6 | 322.2 | 354 | 337 |
| EBITDA 1 | 121.7 | 75.29 | 188.8 | 370.4 | 290.4 | 281 | 330.5 | - |
| EBIT 1 | - | -13.7 | 98.3 | 275.1 | - | 300 | 384 | - |
| Operating Margin | - | -15.23% | 47.68% | 70.01% | - | 93.12% | 108.47% | - |
| Earnings before Tax (EBT) 1 | 8.461 | -17.08 | 94.81 | 269 | 172.4 | 179.7 | - | - |
| Net income 1 | 5.193 | -13.93 | 72.08 | 209.2 | 131.9 | 112.6 | - | - |
| Net margin | 3.67% | -15.49% | 34.96% | 53.23% | 41.93% | 34.93% | - | - |
| EPS 2 | 0.0400 | -0.1200 | 0.5300 | 1.390 | 0.8800 | 1.140 | 1.720 | - |
| Free Cash Flow 1 | 68.28 | 63.5 | -187.4 | 316.5 | 206.3 | 177.2 | 247 | 232.3 |
| FCF margin | 48.26% | 70.58% | -90.86% | 80.53% | 65.57% | 55.01% | 69.76% | 68.93% |
| FCF Conversion (EBITDA) | 56.12% | 84.33% | - | 85.46% | 71.04% | 63.07% | 74.73% | - |
| FCF Conversion (Net income) | 1,314.9% | - | - | 151.3% | 156.38% | 157.46% | - | - |
| Dividend per Share 2 | 0.6300 | 0.2975 | 0.4900 | 0.9400 | 1.080 | 1.080 | 1.080 | 1.080 |
| Announcement Date | 3/5/20 | 3/4/21 | 3/2/22 | 3/1/23 | 2/28/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 73.64 | 87.6 | 108.5 | 98.42 | 98.5 | 75.93 | 73.71 | 84.23 | - | 73.81 | 79.2 | 79.4 | 81.7 |
| EBITDA | 66.38 | 78.13 | 103.4 | 93.16 | 91.36 | 70.59 | 67.62 | 78.54 | 74.38 | 66.98 | - | - | - |
| EBIT 1 | 42.29 | 52.11 | 85.63 | 81.93 | 55.48 | 42.92 | 35.2 | 57.18 | - | 47.16 | 46.2 | 45.7 | 47.5 |
| Operating Margin | 57.43% | 59.48% | 78.93% | 83.25% | 56.32% | 56.52% | 47.76% | 67.89% | - | 63.9% | 58.33% | 57.56% | 58.14% |
| Earnings before Tax (EBT) 1 | 41.24 | 51.26 | 84.8 | 80.18 | 52.78 | 40.52 | 32.57 | 54.28 | - | 43.36 | 45.1 | 44.5 | 46.4 |
| Net income 1 | 31.18 | 38.4 | 66.88 | 63.18 | 40.74 | 31.1 | 24.3 | 42.27 | - | 34.02 | 25.7 | 25.4 | 26.4 |
| Net margin | 42.34% | 43.83% | 61.64% | 64.19% | 41.36% | 40.96% | 32.97% | 50.18% | - | 46.09% | 32.45% | 31.99% | 32.31% |
| EPS | 0.2100 | 0.2500 | 0.4400 | 0.4200 | 0.2700 | 0.2100 | 0.1600 | 0.2800 | - | 0.2300 | - | - | - |
| Dividend per Share 2 | 0.1700 | 0.1800 | 0.2400 | 0.2600 | 0.2700 | 0.2700 | 0.2700 | 0.2700 | 0.2700 | - | 0.2700 | 0.2700 | 0.2700 |
| Announcement Date | 3/2/22 | 5/10/22 | 8/9/22 | 11/8/22 | 3/1/23 | 5/10/23 | 7/31/23 | 11/8/23 | 2/28/24 | 5/6/24 | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 94.6 | 65.8 | 101 | 128 | 93.7 | 133 | 33.3 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 79 |
| Leverage (Debt/EBITDA) | 0.7777 x | 0.8735 x | 0.5361 x | 0.3454 x | 0.3227 x | 0.4744 x | 0.1008 x | - |
| Free Cash Flow 1 | 68.3 | 63.5 | -187 | 316 | 206 | 177 | 247 | 232 |
| ROE (net income / shareholders' equity) | - | - | - | - | - | - | - | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share | - | - | - | - | - | - | - | - |
| Cash Flow per Share 2 | 1.000 | 0.6100 | 1.390 | 2.100 | 1.580 | 1.640 | 1.740 | 1.760 |
| Capex 1 | 49.8 | 9.4 | 377 | 191 | 10.6 | 121 | - | - |
| Capex / Sales | 35.21% | 10.44% | 182.84% | 48.55% | 3.38% | 37.65% | - | - |
| Announcement Date | 3/5/20 | 3/4/21 | 3/2/22 | 3/1/23 | 2/28/24 | - | - | - |
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
BUY
Number of Analysts
14
Last Close Price
13.66
CAD
Average target price
17.93
CAD
Spread / Average Target
+31.25%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -0.22% | 1.51B | |
| +8.00% | 300B | |
| +3.24% | 141B | |
| +48.62% | 123B | |
| +18.86% | 81.24B | |
| +5.76% | 74.19B | |
| +5.28% | 56.2B | |
| +8.43% | 48.13B | |
| -10.59% | 35.42B | |
| +25.48% | 35.09B |
- Stock Market
- Equities
- FRU Stock
- Financials Freehold Royalties Ltd.