CASCADES INC (CAS.CA) Stock Fundamental Analysis
TSX:CAS - Toronto Stock Exchange - CA1469001053 - Common Stock - Currency: CAD
CAS gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 9 industry peers in the Containers & Packaging industry. CAS may be in some trouble as it scores bad on both profitability and health. CAS is valued quite cheap, while showing a decent growth score. This is a good combination! Finally CAS also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year CAS was profitable.
In the past year CAS had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: CAS reported negative net income in multiple years.
CAS had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of -0.08%, CAS is doing worse than 77.78% of the companies in the same industry.
The Return On Equity of CAS (-0.23%) is worse than 77.78% of its industry peers.
The Return On Invested Capital of CAS (4.40%) is worse than 77.78% of its industry peers.
CAS had an Average Return On Invested Capital over the past 3 years of 3.51%. This is significantly below the industry average of 8.56%.
The last Return On Invested Capital (4.40%) for CAS is above the 3 year average (3.51%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.08% | ||
| ROE | -0.23% | ||
| ROIC | 4.4% |
ROA(3y)-0.96%
ROA(5y)0.86%
ROE(3y)-2.66%
ROE(5y)2.39%
ROIC(3y)3.51%
ROIC(5y)3.81%
1.3 Margins
The Operating Margin of CAS (5.04%) is worse than 77.78% of its industry peers.
CAS's Operating Margin has declined in the last couple of years.
CAS has a Gross Margin of 39.78%. This is in the better half of the industry: CAS outperforms 77.78% of its industry peers.
CAS's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.04% | ||
| PM (TTM) | N/A | ||
| GM | 39.78% |
OM growth 3Y9.66%
OM growth 5Y-6.24%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y27.9%
GM growth 5Y20.84%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CAS is destroying value.
The number of shares outstanding for CAS has been increased compared to 1 year ago.
The number of shares outstanding for CAS has been increased compared to 5 years ago.
The debt/assets ratio for CAS is higher compared to a year ago.
2.2 Solvency
CAS has an Altman-Z score of 1.57. This is a bad value and indicates that CAS is not financially healthy and even has some risk of bankruptcy.
CAS has a worse Altman-Z score (1.57) than 88.89% of its industry peers.
CAS has a debt to FCF ratio of 22.01. This is a negative value and a sign of low solvency as CAS would need 22.01 years to pay back of all of its debts.
CAS has a Debt to FCF ratio of 22.01. This is in the lower half of the industry: CAS underperforms 77.78% of its industry peers.
CAS has a Debt/Equity ratio of 1.09. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.09, CAS is not doing good in the industry: 88.89% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.09 | ||
| Debt/FCF | 22.01 | ||
| Altman-Z | 1.57 |
ROIC/WACC0.71
WACC6.17%
2.3 Liquidity
A Current Ratio of 1.09 indicates that CAS should not have too much problems paying its short term obligations.
CAS has a Current ratio of 1.09. This is amonst the worse of the industry: CAS underperforms 88.89% of its industry peers.
A Quick Ratio of 0.45 indicates that CAS may have some problems paying its short term obligations.
CAS's Quick ratio of 0.45 is on the low side compared to the rest of the industry. CAS is outperformed by 88.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.09 | ||
| Quick Ratio | 0.45 |
3. Growth
3.1 Past
CAS shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.95%.
Measured over the past years, CAS shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -10.07% on average per year.
The Revenue has been growing slightly by 2.88% in the past year.
Measured over the past years, CAS shows a decrease in Revenue. The Revenue has been decreasing by -1.21% on average per year.
EPS 1Y (TTM)-3.95%
EPS 3Y32.15%
EPS 5Y-10.07%
EPS Q2Q%134.74%
Revenue 1Y (TTM)2.88%
Revenue growth 3Y5.92%
Revenue growth 5Y-1.21%
Sales Q2Q%4.06%
3.2 Future
CAS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 26.91% yearly.
CAS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.64% yearly.
EPS Next Y143.52%
EPS Next 2Y54.79%
EPS Next 3Y22.05%
EPS Next 5Y26.91%
Revenue Next Year1.48%
Revenue Next 2Y1.67%
Revenue Next 3Y0.64%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 12.41, which indicates a correct valuation of CAS.
Compared to the rest of the industry, the Price/Earnings ratio of CAS indicates a somewhat cheap valuation: CAS is cheaper than 66.67% of the companies listed in the same industry.
CAS's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.99.
A Price/Forward Earnings ratio of 6.30 indicates a rather cheap valuation of CAS.
CAS's Price/Forward Earnings ratio is rather cheap when compared to the industry. CAS is cheaper than 100.00% of the companies in the same industry.
CAS's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.41 | ||
| Fwd PE | 6.3 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CAS indicates a somewhat cheap valuation: CAS is cheaper than 66.67% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, CAS is valued a bit cheaper than 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.99 | ||
| EV/EBITDA | 5.98 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
CAS's earnings are expected to grow with 22.05% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.09
PEG (5Y)N/A
EPS Next 2Y54.79%
EPS Next 3Y22.05%
5. Dividend
5.1 Amount
CAS has a Yearly Dividend Yield of 5.32%, which is a nice return.
Compared to an average industry Dividend Yield of 3.14, CAS pays a better dividend. On top of this CAS pays more dividend than 100.00% of the companies listed in the same industry.
CAS's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.32% |
5.2 History
On average, the dividend of CAS grows each year by 14.28%, which is quite nice.
CAS has paid a dividend for at least 10 years, which is a reliable track record.
CAS has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)14.28%
Div Incr Years0
Div Non Decr Years23
5.3 Sustainability
CAS has negative earnings and hence a negative payout ratio. The dividend may be in danger.
CAS's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-1200%
EPS Next 2Y54.79%
EPS Next 3Y22.05%
TSX:CAS (8/5/2025, 7:00:00 PM)
9.06
+0.06 (+0.67%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryContainers & Packaging
Earnings (Last)
Earnings (Next)
Inst Owners26.11%
Inst Owner ChangeN/A
Ins Owners11.61%
Ins Owner ChangeN/A
Market Cap917.42M
Analysts70
Price Target10.29 (13.58%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.32% |
Yearly Dividend0.48
Dividend Growth(5Y)14.28%
DP-1200%
Div Incr Years0
Div Non Decr Years23
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-11.04%
Min EPS beat(2)-15.14%
Max EPS beat(2)-6.95%
EPS beat(4)2
Avg EPS beat(4)20.2%
Min EPS beat(4)-15.14%
Max EPS beat(4)67.08%
EPS beat(8)5
Avg EPS beat(8)15.21%
EPS beat(12)9
Avg EPS beat(12)21.69%
EPS beat(16)10
Avg EPS beat(16)-18.49%
Revenue beat(2)1
Avg Revenue beat(2)-1.34%
Min Revenue beat(2)-3.43%
Max Revenue beat(2)0.75%
Revenue beat(4)2
Avg Revenue beat(4)-0.59%
Min Revenue beat(4)-3.43%
Max Revenue beat(4)0.75%
Revenue beat(8)3
Avg Revenue beat(8)-1.44%
Revenue beat(12)6
Avg Revenue beat(12)-0.73%
Revenue beat(16)8
Avg Revenue beat(16)-1.09%
PT rev (1m)1.68%
PT rev (3m)-20.4%
EPS NQ rev (1m)-0.87%
EPS NQ rev (3m)-54.49%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-0.58%
Revenue NQ rev (3m)-6.18%
Revenue NY rev (1m)-3.15%
Revenue NY rev (3m)-5.01%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.41 | ||
| Fwd PE | 6.3 | ||
| P/S | 0.19 | ||
| P/FCF | 8.99 | ||
| P/OCF | 3.56 | ||
| P/B | 0.53 | ||
| P/tB | 0.78 | ||
| EV/EBITDA | 5.98 |
EPS(TTM)0.73
EY8.06%
EPS(NY)1.44
Fwd EY15.87%
FCF(TTM)1.01
FCFY11.12%
OCF(TTM)2.55
OCFY28.12%
SpS46.87
BVpS16.97
TBVpS11.6
PEG (NY)0.09
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.08% | ||
| ROE | -0.23% | ||
| ROCE | 6.12% | ||
| ROIC | 4.4% | ||
| ROICexc | 4.44% | ||
| ROICexgc | 5.16% | ||
| OM | 5.04% | ||
| PM (TTM) | N/A | ||
| GM | 39.78% | ||
| FCFM | 2.15% |
ROA(3y)-0.96%
ROA(5y)0.86%
ROE(3y)-2.66%
ROE(5y)2.39%
ROIC(3y)3.51%
ROIC(5y)3.81%
ROICexc(3y)3.56%
ROICexc(5y)3.99%
ROICexgc(3y)4.13%
ROICexgc(5y)4.7%
ROCE(3y)4.88%
ROCE(5y)5.31%
ROICexcg growth 3Y12.07%
ROICexcg growth 5Y-7.78%
ROICexc growth 3Y12.83%
ROICexc growth 5Y-6.94%
OM growth 3Y9.66%
OM growth 5Y-6.24%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y27.9%
GM growth 5Y20.84%
F-Score5
Asset Turnover0.94
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.09 | ||
| Debt/FCF | 22.01 | ||
| Debt/EBITDA | 3.59 | ||
| Cap/Depr | 54.93% | ||
| Cap/Sales | 3.29% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 49.33% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.09 | ||
| Quick Ratio | 0.45 | ||
| Altman-Z | 1.57 |
F-Score5
WACC6.17%
ROIC/WACC0.71
Cap/Depr(3y)128.19%
Cap/Depr(5y)116.34%
Cap/Sales(3y)7.4%
Cap/Sales(5y)6.85%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-3.95%
EPS 3Y32.15%
EPS 5Y-10.07%
EPS Q2Q%134.74%
EPS Next Y143.52%
EPS Next 2Y54.79%
EPS Next 3Y22.05%
EPS Next 5Y26.91%
Revenue 1Y (TTM)2.88%
Revenue growth 3Y5.92%
Revenue growth 5Y-1.21%
Sales Q2Q%4.06%
Revenue Next Year1.48%
Revenue Next 2Y1.67%
Revenue Next 3Y0.64%
Revenue Next 5YN/A
EBIT growth 1Y-4.4%
EBIT growth 3Y16.16%
EBIT growth 5Y-7.37%
EBIT Next Year200.31%
EBIT Next 3Y42.24%
EBIT Next 5Y35.53%
FCF growth 1Y136.56%
FCF growth 3Y-26.63%
FCF growth 5Y-11.29%
OCF growth 1Y-0.77%
OCF growth 3Y-21.72%
OCF growth 5Y-9.98%