POLLARD BANKNOTE LTD (PBL.CA) Stock Fundamental Analysis
TSX:PBL - Toronto Stock Exchange - CA73150R1055 - Common Stock - Currency: CAD
We assign a fundamental rating of 6 out of 10 to PBL. PBL was compared to 1 industry peers in the Hotels, Restaurants & Leisure industry. PBL has only an average score on both its financial health and profitability. PBL has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
PBL had positive earnings in the past year.
In the past year PBL had a positive cash flow from operations.
Each year in the past 5 years PBL has been profitable.
Each year in the past 5 years PBL had a positive operating cash flow.
1.2 Ratios
PBL's Return On Assets of 5.81% is fine compared to the rest of the industry. PBL outperforms 73.68% of its industry peers.
PBL's Return On Equity of 11.49% is fine compared to the rest of the industry. PBL outperforms 78.95% of its industry peers.
Looking at the Return On Invested Capital, with a value of 2.63%, PBL is in line with its industry, outperforming 42.11% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for PBL is in line with the industry average of 3.15%.
The 3 year average ROIC (2.12%) for PBL is below the current ROIC(2.63%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.81% | ||
| ROE | 11.49% | ||
| ROIC | 2.63% |
ROA(3y)5.14%
ROA(5y)5.59%
ROE(3y)9.87%
ROE(5y)12.5%
ROIC(3y)2.12%
ROIC(5y)3.81%
1.3 Margins
Looking at the Profit Margin, with a value of 6.92%, PBL is in the better half of the industry, outperforming 68.42% of the companies in the same industry.
PBL's Profit Margin has improved in the last couple of years.
PBL has a Operating Margin of 3.38%. This is comparable to the rest of the industry: PBL outperforms 47.37% of its industry peers.
PBL's Operating Margin has declined in the last couple of years.
PBL's Gross Margin of 18.81% is on the low side compared to the rest of the industry. PBL is outperformed by 63.16% of its industry peers.
In the last couple of years the Gross Margin of PBL has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.38% | ||
| PM (TTM) | 6.92% | ||
| GM | 18.81% |
OM growth 3Y-5.89%
OM growth 5Y-18.35%
PM growth 3Y13.76%
PM growth 5Y2.7%
GM growth 3Y-1.79%
GM growth 5Y-3.87%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PBL is destroying value.
Compared to 1 year ago, PBL has more shares outstanding
The number of shares outstanding for PBL has been increased compared to 5 years ago.
Compared to 1 year ago, PBL has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.57 indicates that PBL is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.57, PBL is in the better half of the industry, outperforming 78.95% of the companies in the same industry.
PBL has a Debt/Equity ratio of 0.60. This is a neutral value indicating PBL is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.60, PBL perfoms like the industry average, outperforming 57.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.57 |
ROIC/WACC0.36
WACC7.23%
2.3 Liquidity
PBL has a Current Ratio of 2.19. This indicates that PBL is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of PBL (2.19) is better than 89.47% of its industry peers.
PBL has a Quick Ratio of 1.62. 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 Quick ratio (1.62) than 89.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.19 | ||
| Quick Ratio | 1.62 |
3. Growth
3.1 Past
PBL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.66%, which is quite impressive.
Measured over the past years, PBL shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.28% on average per year.
PBL shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.75%.
The Revenue has been growing slightly by 6.97% on average over the past years.
EPS 1Y (TTM)20.66%
EPS 3Y20.04%
EPS 5Y8.28%
EPS Q2Q%72%
Revenue 1Y (TTM)10.75%
Revenue growth 3Y6.67%
Revenue growth 5Y6.97%
Sales Q2Q%16.36%
3.2 Future
PBL is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 33.24% yearly.
Based on estimates for the next years, PBL will show a small growth in Revenue. The Revenue will grow by 4.60% on average per year.
EPS Next Y53.28%
EPS Next 2Y33.24%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.66%
Revenue Next 2Y4.6%
Revenue Next 3YN/A
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 14.85, the valuation of PBL can be described as correct.
Based on the Price/Earnings ratio, PBL is valued a bit cheaper than the industry average as 78.95% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.28, PBL is valued a bit cheaper.
PBL is valuated reasonably with a Price/Forward Earnings ratio of 9.54.
94.74% of the companies in the same industry are more expensive than PBL, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 21.76. PBL is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.85 | ||
| Fwd PE | 9.54 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PBL is valued a bit cheaper than 68.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 11.98 |
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.
The decent profitability rating of PBL may justify a higher PE ratio.
A more expensive valuation may be justified as PBL's earnings are expected to grow with 33.24% in the coming years.
PEG (NY)0.28
PEG (5Y)1.79
EPS Next 2Y33.24%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a yearly dividend of 0.90%, PBL is not a good candidate for dividend investing.
PBL's Dividend Yield is comparable with the industry average which is at 4.96.
Compared to an average S&P500 Dividend Yield of 2.42, PBL's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.9% |
5.2 History
The dividend of PBL has a limited annual growth rate of 4.80%.
PBL has been paying a dividend for at least 10 years, so it has a reliable track record.
PBL has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.8%
Div Incr Years1
Div Non Decr Years13
5.3 Sustainability
12.85% 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.
DP12.85%
EPS Next 2Y33.24%
EPS Next 3YN/A
TSX:PBL (7/2/2025, 7:00:00 PM)
21.68
+0.03 (+0.14%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners11.55%
Inst Owner ChangeN/A
Ins Owners64.24%
Ins Owner ChangeN/A
Market Cap586.44M
Analysts80
Price Target35.45 (63.51%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.9% |
Yearly Dividend0.19
Dividend Growth(5Y)4.8%
DP12.85%
Div Incr Years1
Div Non Decr Years13
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-45.5%
Min EPS beat(2)-112.64%
Max EPS beat(2)21.64%
EPS beat(4)3
Avg EPS beat(4)5.7%
Min EPS beat(4)-112.64%
Max EPS beat(4)66.96%
EPS beat(8)6
Avg EPS beat(8)18.89%
EPS beat(12)7
Avg EPS beat(12)7.79%
EPS beat(16)9
Avg EPS beat(16)0.04%
Revenue beat(2)1
Avg Revenue beat(2)0%
Min Revenue beat(2)-5.62%
Max Revenue beat(2)5.63%
Revenue beat(4)3
Avg Revenue beat(4)2.15%
Min Revenue beat(4)-5.62%
Max Revenue beat(4)7.27%
Revenue beat(8)5
Avg Revenue beat(8)-0.09%
Revenue beat(12)8
Avg Revenue beat(12)-0.09%
Revenue beat(16)8
Avg Revenue beat(16)-1.01%
PT rev (1m)-0.71%
PT rev (3m)-4.79%
EPS NQ rev (1m)0%
EPS NQ rev (3m)17.11%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.21%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.49%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.85 | ||
| Fwd PE | 9.54 | ||
| P/S | 1.02 | ||
| P/FCF | N/A | ||
| P/OCF | 25.8 | ||
| P/B | 1.68 | ||
| P/tB | 6.31 | ||
| EV/EBITDA | 11.98 |
EPS(TTM)1.46
EY6.73%
EPS(NY)2.27
Fwd EY10.48%
FCF(TTM)-1.34
FCFYN/A
OCF(TTM)0.84
OCFY3.88%
SpS21.35
BVpS12.87
TBVpS3.44
PEG (NY)0.28
PEG (5Y)1.79
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.81% | ||
| ROE | 11.49% | ||
| ROCE | 3.47% | ||
| ROIC | 2.63% | ||
| ROICexc | 2.75% | ||
| ROICexgc | 5.25% | ||
| OM | 3.38% | ||
| PM (TTM) | 6.92% | ||
| GM | 18.81% | ||
| FCFM | N/A |
ROA(3y)5.14%
ROA(5y)5.59%
ROE(3y)9.87%
ROE(5y)12.5%
ROIC(3y)2.12%
ROIC(5y)3.81%
ROICexc(3y)2.17%
ROICexc(5y)3.86%
ROICexgc(3y)4.59%
ROICexgc(5y)7.98%
ROCE(3y)2.8%
ROCE(5y)5.04%
ROICexcg growth 3Y-10.01%
ROICexcg growth 5Y-17.9%
ROICexc growth 3Y-8.14%
ROICexc growth 5Y-20.92%
OM growth 3Y-5.89%
OM growth 5Y-18.35%
PM growth 3Y13.76%
PM growth 5Y2.7%
GM growth 3Y-1.79%
GM growth 5Y-3.87%
F-Score4
Asset Turnover0.84
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 3.25 | ||
| Cap/Depr | 131.01% | ||
| Cap/Sales | 10.23% | ||
| Interest Coverage | 1.93 | ||
| Cash Conversion | 35.17% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.19 | ||
| Quick Ratio | 1.62 | ||
| Altman-Z | 2.57 |
F-Score4
WACC7.23%
ROIC/WACC0.36
Cap/Depr(3y)95.92%
Cap/Depr(5y)90.31%
Cap/Sales(3y)7.96%
Cap/Sales(5y)7.44%
Profit Quality(3y)83.25%
Profit Quality(5y)93.5%
High Growth Momentum
Growth
EPS 1Y (TTM)20.66%
EPS 3Y20.04%
EPS 5Y8.28%
EPS Q2Q%72%
EPS Next Y53.28%
EPS Next 2Y33.24%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)10.75%
Revenue growth 3Y6.67%
Revenue growth 5Y6.97%
Sales Q2Q%16.36%
Revenue Next Year5.66%
Revenue Next 2Y4.6%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y112.97%
EBIT growth 3Y0.39%
EBIT growth 5Y-12.66%
EBIT Next Year75.58%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-1039.07%
FCF growth 3Y-2.82%
FCF growth 5Y41.52%
OCF growth 1Y-26.15%
OCF growth 3Y9.34%
OCF growth 5Y20.33%