POLLARD BANKNOTE LTD (PBL.CA) Stock Fundamental Analysis
TSX:PBL - Toronto Stock Exchange - CA73150R1055 - Common Stock - Currency: CAD
PBL gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 18 industry peers in the Hotels, Restaurants & Leisure industry. PBL has only an average score on both its financial health and profitability. PBL is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year PBL was profitable.
PBL had a positive operating cash flow in the past year.
PBL had positive earnings in each of the past 5 years.
Each year in the past 5 years PBL had a positive operating cash flow.
1.2 Ratios
PBL has a better Return On Assets (7.97%) than 82.35% of its industry peers.
PBL's Return On Equity of 14.88% is amongst the best of the industry. PBL outperforms 82.35% of its industry peers.
PBL has a Return On Invested Capital (3.67%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for PBL is below the industry average of 7.70%.
The 3 year average ROIC (2.74%) for PBL is below the current ROIC(3.67%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.97% | ||
| ROE | 14.88% | ||
| ROIC | 3.67% |
ROA(3y)4.72%
ROA(5y)5.73%
ROE(3y)9.53%
ROE(5y)13.97%
ROIC(3y)2.74%
ROIC(5y)5.75%
1.3 Margins
PBL has a better Profit Margin (8.72%) than 64.71% of its industry peers.
In the last couple of years the Profit Margin of PBL has grown nicely.
PBL has a Operating Margin (3.82%) which is in line with its industry peers.
PBL's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 19.42%, PBL is doing worse than 64.71% of the companies in the same industry.
In the last couple of years the Gross Margin of PBL has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.82% | ||
| PM (TTM) | 8.72% | ||
| GM | 19.42% |
OM growth 3Y-48.09%
OM growth 5Y-32.76%
PM growth 3Y-9.12%
PM growth 5Y6.1%
GM growth 3Y-9.13%
GM growth 5Y-6.28%
2. Health
2.1 Basic Checks
PBL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
PBL has more shares outstanding than it did 1 year ago.
PBL has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, PBL has an improved debt to assets ratio.
2.2 Solvency
PBL has an Altman-Z score of 3.24. This indicates that PBL is financially healthy and has little risk of bankruptcy at the moment.
PBL's Altman-Z score of 3.24 is amongst the best of the industry. PBL outperforms 88.24% of its industry peers.
The Debt to FCF ratio of PBL is 11.01, which is on the high side as it means it would take PBL, 11.01 years of fcf income to pay off all of its debts.
PBL has a Debt to FCF ratio (11.01) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.50 indicates that PBL is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.50, PBL perfoms like the industry average, outperforming 58.82% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | 11.01 | ||
| Altman-Z | 3.24 |
ROIC/WACC0.43
WACC8.64%
2.3 Liquidity
PBL has a Current Ratio of 1.87. This is a normal value and indicates that PBL is financially healthy and should not expect problems in meeting its short term obligations.
PBL has a better Current ratio (1.87) than 88.24% of its industry peers.
PBL has a Quick Ratio of 1.25. This is a normal value and indicates that PBL is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of PBL (1.25) is better than 88.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.87 | ||
| Quick Ratio | 1.25 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 56.25% over the past year.
The Earnings Per Share has been growing by 14.47% on average over the past years. This is quite good.
PBL shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.42%.
Measured over the past years, PBL shows a quite strong growth in Revenue. The Revenue has been growing by 9.41% on average per year.
EPS 1Y (TTM)56.25%
EPS 3Y-4.04%
EPS 5Y14.47%
EPS Q2Q%135.71%
Revenue 1Y (TTM)8.42%
Revenue growth 3Y7.92%
Revenue growth 5Y9.41%
Sales Q2Q%19.08%
3.2 Future
The Earnings Per Share is expected to grow by 31.39% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 6.23% on average over the next years.
EPS Next Y62.35%
EPS Next 2Y38.82%
EPS Next 3Y31.39%
EPS Next 5YN/A
Revenue Next Year9.18%
Revenue Next 2Y8.5%
Revenue Next 3Y6.23%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
PBL is valuated correctly with a Price/Earnings ratio of 15.96.
Compared to the rest of the industry, the Price/Earnings ratio of PBL indicates a somewhat cheap valuation: PBL is cheaper than 64.71% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of PBL to the average of the S&P500 Index (29.62), we can say PBL is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 12.71, the valuation of PBL can be described as correct.
Based on the Price/Forward Earnings ratio, PBL is valued cheaply inside the industry as 82.35% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 22.70. PBL is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.96 | ||
| Fwd PE | 12.71 |
4.2 Price Multiples
PBL's Enterprise Value to EBITDA is on the same level as the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as PBL.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 49.6 | ||
| EV/EBITDA | 14.08 |
4.3 Compensation for Growth
PBL's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PBL has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as PBL's earnings are expected to grow with 31.39% in the coming years.
PEG (NY)0.26
PEG (5Y)1.1
EPS Next 2Y38.82%
EPS Next 3Y31.39%
5. Dividend
5.1 Amount
With a yearly dividend of 0.71%, PBL is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.47, PBL has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.27, PBL's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.71% |
5.2 History
The dividend of PBL has a limited annual growth rate of 5.04%.
PBL has paid a dividend for at least 10 years, which is a reliable track record.
PBL has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)5.04%
Div Incr Years1
Div Non Decr Years13
5.3 Sustainability
10.07% of the earnings are spent on dividend by PBL. This is a low number and sustainable payout ratio.
The dividend of PBL is growing, but earnings are growing more, so the dividend growth is sustainable.
DP10.07%
EPS Next 2Y38.82%
EPS Next 3Y31.39%
TSX:PBL (2/21/2025, 7:00:00 PM)
27.93
-0.07 (-0.25%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners14.18%
Inst Owner ChangeN/A
Ins Owners64.24%
Ins Owner ChangeN/A
Market Cap755.51M
Analysts80
Price Target41.57 (48.84%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.71% |
Yearly Dividend0.16
Dividend Growth(5Y)5.04%
DP10.07%
Div Incr Years1
Div Non Decr Years13
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)56.9%
Min EPS beat(2)46.85%
Max EPS beat(2)66.96%
EPS beat(4)3
Avg EPS beat(4)41.15%
Min EPS beat(4)-11.6%
Max EPS beat(4)66.96%
EPS beat(8)6
Avg EPS beat(8)43.08%
EPS beat(12)7
Avg EPS beat(12)15.22%
EPS beat(16)10
Avg EPS beat(16)12.08%
Revenue beat(2)2
Avg Revenue beat(2)4.3%
Min Revenue beat(2)1.34%
Max Revenue beat(2)7.27%
Revenue beat(4)3
Avg Revenue beat(4)0.54%
Min Revenue beat(4)-6.58%
Max Revenue beat(4)7.27%
Revenue beat(8)6
Avg Revenue beat(8)0.28%
Revenue beat(12)7
Avg Revenue beat(12)-0.73%
Revenue beat(16)8
Avg Revenue beat(16)-1.43%
PT rev (1m)0%
PT rev (3m)5.84%
EPS NQ rev (1m)9.3%
EPS NQ rev (3m)9.3%
EPS NY rev (1m)0.55%
EPS NY rev (3m)17.28%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0.66%
Revenue NY rev (3m)2.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.96 | ||
| Fwd PE | 12.71 | ||
| P/S | 1.36 | ||
| P/FCF | 49.6 | ||
| P/OCF | 11.7 | ||
| P/B | 2.33 | ||
| P/tB | 9.1 | ||
| EV/EBITDA | 14.08 |
EPS(TTM)1.75
EY6.27%
EPS(NY)2.2
Fwd EY7.87%
FCF(TTM)0.56
FCFY2.02%
OCF(TTM)2.39
OCFY8.54%
SpS20.47
BVpS11.99
TBVpS3.07
PEG (NY)0.26
PEG (5Y)1.1
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.97% | ||
| ROE | 14.88% | ||
| ROCE | 4.31% | ||
| ROIC | 3.67% | ||
| ROICexc | 3.72% | ||
| ROICexgc | 7.4% | ||
| OM | 3.82% | ||
| PM (TTM) | 8.72% | ||
| GM | 19.42% | ||
| FCFM | 2.75% |
ROA(3y)4.72%
ROA(5y)5.73%
ROE(3y)9.53%
ROE(5y)13.97%
ROIC(3y)2.74%
ROIC(5y)5.75%
ROICexc(3y)2.76%
ROICexc(5y)5.83%
ROICexgc(3y)6.03%
ROICexgc(5y)11.33%
ROCE(3y)3.22%
ROCE(5y)6.75%
ROICexcg growth 3Y-46.72%
ROICexcg growth 5Y-32.25%
ROICexc growth 3Y-47.84%
ROICexc growth 5Y-33.43%
OM growth 3Y-48.09%
OM growth 5Y-32.76%
PM growth 3Y-9.12%
PM growth 5Y6.1%
GM growth 3Y-9.13%
GM growth 5Y-6.28%
F-Score6
Asset Turnover0.91
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | 11.01 | ||
| Debt/EBITDA | 2.49 | ||
| Cap/Depr | 111.96% | ||
| Cap/Sales | 8.91% | ||
| Interest Coverage | 2.2 | ||
| Cash Conversion | 99.02% | ||
| Profit Quality | 31.55% | ||
| Current Ratio | 1.87 | ||
| Quick Ratio | 1.25 | ||
| Altman-Z | 3.24 |
F-Score6
WACC8.64%
ROIC/WACC0.43
Cap/Depr(3y)84.6%
Cap/Depr(5y)84.91%
Cap/Sales(3y)7.26%
Cap/Sales(5y)6.8%
Profit Quality(3y)101.15%
Profit Quality(5y)85.39%
High Growth Momentum
Growth
EPS 1Y (TTM)56.25%
EPS 3Y-4.04%
EPS 5Y14.47%
EPS Q2Q%135.71%
EPS Next Y62.35%
EPS Next 2Y38.82%
EPS Next 3Y31.39%
EPS Next 5YN/A
Revenue 1Y (TTM)8.42%
Revenue growth 3Y7.92%
Revenue growth 5Y9.41%
Sales Q2Q%19.08%
Revenue Next Year9.18%
Revenue Next 2Y8.5%
Revenue Next 3Y6.23%
Revenue Next 5YN/A
EBIT growth 1Y523.11%
EBIT growth 3Y-43.98%
EBIT growth 5Y-26.43%
EBIT Next Year167.66%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y178.47%
FCF growth 3Y-9.52%
FCF growth 5Y8.78%
OCF growth 1Y289.61%
OCF growth 3Y2.71%
OCF growth 5Y10.26%