PREMIUM BRANDS HOLDINGS CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 90.03 CAD | +0.77% |
|
+2.56% | -4.25% |
| Mar. 15 | Transcript : Premium Brands Holdings Corporation, Q4 2023 Earnings Call, Mar 15, 2024 | |
| Mar. 15 | Toronto Stocks Inch Ahead; Premium Brands Down 4Q Misses | DJ |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,407 | 4,446 | 5,537 | 3,679 | 4,176 | 3,998 | - | - |
| Enterprise Value (EV) 1 | 4,388 | 5,413 | 7,457 | 6,227 | 4,176 | 5,618 | 5,658 | 5,180 |
| P/E ratio | 39 x | - | - | - | 44.4 x | 22 x | 17.2 x | - |
| Yield | 2.3% | 2.26% | 2.01% | 3.4% | - | 3.78% | 4.06% | - |
| Capitalization / Revenue | 0.93 x | 1.09 x | 1.12 x | 0.61 x | 0.67 x | 0.6 x | 0.56 x | 0.47 x |
| EV / Revenue | 1.2 x | 1.33 x | 1.51 x | 1.03 x | 0.67 x | 0.84 x | 0.79 x | 0.61 x |
| EV / EBITDA | 14.3 x | 17.3 x | 17.3 x | 12.4 x | 7.47 x | 8.94 x | 8.04 x | 5.74 x |
| EV / FCF | 57.5 x | 40.2 x | -97 x | -47.2 x | - | 132 x | 30.9 x | - |
| FCF Yield | 1.74% | 2.49% | -1.03% | -2.12% | - | 0.76% | 3.23% | - |
| Price to Book | 3.18 x | 2.78 x | 3.11 x | 2.03 x | - | 2.22 x | 2.12 x | - |
| Nbr of stocks (in thousands) | 37,309 | 43,594 | 43,819 | 44,716 | 44,412 | 44,412 | - | - |
| Reference price 2 | 91.32 | 102.0 | 126.4 | 82.28 | 94.03 | 90.03 | 90.03 | 90.03 |
| Announcement Date | 3/12/20 | 3/11/21 | 3/10/22 | 3/16/23 | 3/15/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,649 | 4,069 | 4,932 | 6,030 | 6,261 | 6,693 | 7,202 | 8,527 |
| EBITDA 1 | 307.7 | 312.6 | 430.7 | 504.2 | 559.1 | 628.3 | 704.1 | 903.1 |
| EBIT 1 | 227.1 | 187.6 | 295.9 | 372.7 | 412.4 | 460.3 | 502.4 | - |
| Operating Margin | 6.22% | 4.61% | 6% | 6.18% | 6.59% | 6.88% | 6.98% | - |
| Earnings before Tax (EBT) 1 | - | - | - | - | 133.2 | 275 | 338.1 | - |
| Net income 1 | - | 83.7 | 132.7 | 160.1 | 94.2 | 182.4 | 232.6 | - |
| Net margin | - | 2.06% | 2.69% | 2.66% | 1.5% | 2.72% | 3.23% | - |
| EPS 2 | 2.340 | - | - | - | 2.120 | 4.095 | 5.220 | - |
| Free Cash Flow 1 | 76.3 | 134.7 | -76.9 | -131.9 | - | 42.5 | 183 | - |
| FCF margin | 2.09% | 3.31% | -1.56% | -2.19% | - | 0.64% | 2.54% | - |
| FCF Conversion (EBITDA) | 24.8% | 43.09% | - | - | - | 6.76% | 25.99% | - |
| FCF Conversion (Net income) | - | 160.93% | - | - | - | 23.31% | 78.66% | - |
| Dividend per Share 2 | 2.100 | 2.310 | 2.540 | 2.800 | - | 3.400 | 3.655 | - |
| Announcement Date | 3/12/20 | 3/11/21 | 3/10/22 | 3/16/23 | 3/15/24 | - | - | - |
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 | 1,342 | 1,345 | 1,251 | 1,520 | 1,624 | 1,635 | 1,430 | 1,631 | 1,645 | 1,555 | 1,458 | 1,719 | 1,803 | 1,718 | 1,610 |
| EBITDA 1 | 122.6 | 113.4 | 95.8 | 130.8 | 141.2 | 136.4 | 110.7 | 152.4 | 158.8 | 137.2 | 113.9 | 165.8 | 184.5 | 165.9 | 137 |
| EBIT | - | - | - | - | 141.2 | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | 8.7% | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | 64.5 | 55.1 | 30.9 | 79.5 | 57.5 | 33.6 | 8.5 | 48.3 | 55 | 21.4 | 27.6 | 73.5 | 99 | 74.9 | - |
| Net income 1 | 46.9 | 38 | 22.4 | 63.3 | 43.5 | 30.9 | 5.9 | 33.9 | 39.4 | 15 | 21.2 | 56.6 | 76.2 | 57.7 | - |
| Net margin | 3.5% | 2.82% | 1.79% | 4.16% | 2.68% | 1.89% | 0.41% | 2.08% | 2.4% | 0.96% | 1.45% | 3.29% | 4.23% | 3.36% | - |
| EPS 2 | 1.070 | 0.8700 | 0.5000 | 1.410 | 0.9700 | 0.6900 | 0.1300 | 0.7600 | 0.8800 | 0.3400 | 0.4800 | 1.270 | 1.710 | 1.290 | - |
| Dividend per Share 2 | 0.6350 | 0.6350 | 0.7000 | 0.7000 | 0.7000 | 0.7000 | 0.7700 | 0.7700 | 0.7700 | - | 0.8500 | 0.8500 | 0.8500 | 0.8500 | - |
| Announcement Date | 11/4/21 | 3/10/22 | 5/6/22 | 8/5/22 | 11/3/22 | 3/16/23 | 5/15/23 | 8/14/23 | 11/14/23 | 3/15/24 | - | - | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 981 | 967 | 1,920 | 2,548 | - | 1,620 | 1,660 | 1,182 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.189 x | 3.092 x | 4.457 x | 5.053 x | - | 2.578 x | 2.357 x | 1.309 x |
| Free Cash Flow 1 | 76.3 | 135 | -76.9 | -132 | - | 42.5 | 183 | - |
| ROE (net income / shareholders' equity) | 12.5% | 8.87% | 11.6% | 12% | - | 11.7% | 14% | - |
| ROA (Net income/ Total Assets) | 4.4% | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 28.70 | 36.70 | 40.60 | 40.50 | - | 40.60 | 42.50 | - |
| Cash Flow per Share | 4.560 | 5.830 | 1.520 | 2.150 | - | - | - | - |
| Capex 1 | 87.9 | 92.6 | 143 | 228 | - | 280 | 231 | - |
| Capex / Sales | 2.41% | 2.28% | 2.9% | 3.79% | - | 4.18% | 3.21% | - |
| Announcement Date | 3/12/20 | 3/11/21 | 3/10/22 | 3/16/23 | 3/15/24 | - | - | - |
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
OUTPERFORM
Number of Analysts
10
Last Close Price
90.03
CAD
Average target price
111.3
CAD
Spread / Average Target
+23.63%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -4.25% | 2.92B | |
| -4.93% | 261B | |
| -2.51% | 94.98B | |
| +3.19% | 46.39B | |
| +8.74% | 39.99B | |
| -0.15% | 38.02B | |
| -16.78% | 30.16B | |
| -6.61% | 28.72B | |
| +11.32% | 24.54B | |
| -9.29% | 22.65B |
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- Financials Premium Brands Holdings Corporation
