Sound bite for Twitter and StockTwits is: Dividend growth industrial. It would appear on a number of tests that the stock price seems rather high. There is lots of insider buying and this has to be a plus. See my spreadsheet on Badger Daylighting Ltd.
I do not own this stock of Badger Daylighting Ltd. (TSX-BAD, OTC- BADFF). I started to follow this stock after reading a couple of articles in February 2012 in the G&M that talked about the company. The first article looked at what the pros who manage small-cap funds are buying. Badger was one of 10 stocks mentioned and it looked like an interesting stock. It is a dividend paying small cap. The second article looked at why stocks might appeal to a conservative investor looking for income.
What is worthwhile to mention is the amount of insider buying. In the past year the Net Insider Buying was at 0.23% of market cap. For 2016 it was 0.08% of market cap and for 2015 it was 0.07% of market cap. This is a lot. Generally you would not expect more that 0.01% or 0.02% of market cap in NIB. This certainly is a positive sign.
This company was an income trust from 2004 to December 2010. For 2011, the dividends were decreased by some 19%. There was a 5.9% increase in dividends in 2012, then a 10% increase in 2016. They increased the dividends again this year by 15.2%. Is this stock a dividend growth stock? It is looking like it might become one.
It looks like this stock will be paying a low dividend but have moderate dividend growth. The current dividend is 1.63%. The 5 year median dividend is 1.50%. The last two increases were 10% and 15% and I consider dividend growth between 8 and 15% to be moderate.
They can afford their dividends. The Dividend Payout Ratio for EPS is 49% in 2016. It is expected to be lower in 2017 and 2018. The 5 year coverage is at 35%. The DPR for CFPS is 14% with 5 year coverage at 17%.
The debt ratios are very good. The Liquidity Ratio for 2016 is 3.76 and the 5 year median is 2.86. The Debt Ratio for 2016 is 2.56 with a 5 year median of 2.50. The Leverage and Debt/Equity Ratios are good also at 1.64 and 0.64 with 5 year medians of 1.92 and 0.92, respectively.
The Return on Equity is good with none under 10% over the past 10 years. The ROE for 2016 was 10.4% and the 5 year median is 20.1%.
The 5 year low, median and high median Price/Earnings per Share Ratios are 17.31, 23.06 and 28.78. The 10 year values are much lower at 8.99, 11.27 and 13.79. The historical values are similar to the 10 year ratios at 8.99, 10.98 and 13.79. The price part of this ratio has risen much faster than the earnings part over the past few years. The current P/E Ratio is 23.45. The current P/E Ratio is based on a stock price of $27.90 and EPS estimate for 2017 of $1.19. It would seem that the current stock price is still on the high side or relatively expensive. A P/E Ratio of 23.45 is on the high side but not exceptionally so.
I get a Graham Price of $14.35. The 10 year low, median and high median price/Graham Price Ratios are 0.93, 1.25 and 1.56. The current P/GP Ratio is 1.94 based on a stock price of $27.90. This stock price testing suggests that the stock price is relatively expensive. On an absolute basis a P/GP Ratio of 1.94 is high.
The 10 year median Price/Book Value per Share Ratio is 3.18. The current P/B Ratio is 3.63 based on Book Value of $285.3M, BVPS of $7.69 and a stock price of $27.90. The current P/B Ratio is some 14% higher than the 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable but above the median.
Since this was an income trust company and because when these companies became corporations their dividend policies had to change. This means that the historical median dividend yield is not very useful. However, this company changed to a corporation in 2011 about 6 years ago. The 6 year median dividend yield is 1.66%. The current dividend yield is 1.63% based on dividends of $0.456 and a stock price of $27.90. The current dividend yield is some 1.5% below the 6 year median. This stock price testing might suggest that the stock price is reasonable and just above the median.
The 10 year median Price/Sales (Revenue) Ratio is 1.50. The current P/S Ratio is 2.13 based on 2017 Revenue estimate of $485M, Revenue per Share of $13.07 and a stock price of $27.90. The current ratio is some 42% above the 10 year median. This stock price testing suggests that the stock price is relatively expensive.
When I look at analysts' recommendations, I find that they are all over the place. There are recommendations of Strong Buy, Buy, Hold and Underperform. Most recommendations are a Buy and the consensus recommendation is a buy. The 12 months stock price is $34.25. This implies a total return of 24.39% with 22.76% from capital gains and 1.63% from dividends. This is based on a current stock price of $27.90.
There is an interesting article by Geoffrey Morgan in the Financial Post about this company being targeted by short sellers and a sharp drop in the stock price ending in mid-May 2017. Bay Street staff have put out a report on Bay Street Canada. They said stock has gone up because of an improved quartet and a higher dividend. Joseph Solitro of Motley Fool says why he likes this stock. See what analysts are saying about this stock on Stock Chase. Some like the company and some are shorting it.
Badger is North America's largest provider of non-destructive excavating services. Badger traditionally works for contractors and facility owners in the utility and petroleum industries. Badger's business model involves the provision of excavating services through two distinct entities: the Operating Partners (franchisees in the United States and agents in Canada), and Badger Corporate. Its web site is here Badger Daylighting Ltd.
The last stock I wrote about was about was Andrew Peller Ltd. (TSX-ADW.A, OTC-ADWPF)... learn more. The next stock I will write about will be Chemtrade Logistics Income Fund (TSX-CHE.UN, OTC-CGIFF)... learn more on Friday, September 1, 2017 before 11 am. Tomorrow on my other blog I will write about Dividend Growth Stocks Part 2... learn more on Thursday, August 31, 2017 around 5 pm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Wednesday, August 30, 2017
Monday, August 28, 2017
Andrew Peller Ltd
Sound bite for Twitter and StockTwits is: Dividend growth consumer. They have done very well lately, but I think that the price is too high. It would be a good one to keep an eye on and buy when the stock market gets into some difficulties. See my spreadsheet on Andrew Peller Ltd.
I do not own this stock of Andrew Peller Ltd. (TSX-ADW.A, OTC-ADWPF). This stock was on Mike Higgs' dividend growth stock list. I owned this stock as Andres Wines Ltd between 1996 and 2000.
What I noticed doing the spreadsheet is that this company has been doing quite well lately, especially from 2010. Revenue per Share growth is 4.50% and 4.65% per year over the past 5 and 10 years. The EPS growth is even better at 15.60% and 11.44% per year over the past 5 and 10 years. CFPS has grown at 6.61% and 10.28% per year over the past 5 and 10 years.
The total return for shareholders over the past 5 and 10 years is at28.65% and 15.62% per year. The portion of this total return attributable to dividends is 2.46% and 2.46% per year. The portion of this total return attributable to capital gain is 26.18% and 13.15% per year.
The company only started to increase their dividends in 2007. Before that dividends were flat for at least 18 years. My spreadsheet starts in 1988. The 5 and 10 year dividend growth rates are 3.63% and 6.61% per year. However, dividends have been higher for the past 3 years and the last dividend increase was for 10.3% in 2017.
The current dividend yield is low at just 1.67%. The dividends used to much higher. The historical median dividend yield is 3.84%. Even the 5 and 10 year median dividend yields are higher at 2.74% and 3.26%.
They can afford their dividends. The Dividend Payout Ratio for EPS was 25% in 2017. (Note that the financial year ends in March each year. So, the last annual statement is dated March 31, 2017.). It is interesting that the 5 year median DPR for EPS is higher at 34%.
The other thing was the current very good debt ratios. The Liquidity Ratio for 2017 is 1.96 with a 5 year median of 1.89. The Liquidity Ratio has been lower in the past as the 10 year median is just 1.38. The Debt Ratio for 2017 is 2.18 with a 5 year median ratio of 1.96. The Leverage and Debt/Equity Ratios for 2018 are 1.85 and 0.85. These also have been higher in the past with a 5 year median of 2.31 and 1.31.
The 5 year low, median and high median Price/Earnings per Share Ratios are 11.25, 13.08 and 14.35. The corresponding 10 year values are 10.52, 12.01 and 13.21. The historical values are 10.75, 12.78 and 14.30. The current P/E Ratio is 17.95 based on a stock price of $10.77 and 2018 EPS estimate of $0.60. This stock price testing suggests that the stock price is relatively expensive.
I get a Graham Price of $7.61. The 10 year low, median and high median Price/Graham Price Ratios are 0.71, 0.87 and 0.99. The current P/GP Ratio is 1.42 based on a stock price of $10.77. This stock price testing suggests that the stock price is relatively expensive.
I get a 10 year median Price/Book Value per Share Ratio of 1.38. The current P/B Ratio is 2.51 based on a Book Value of $182.6M, BVPS of $4.29 and a stock price of $10.77. The current P/B Ratio is some 83% higher than the 10 year median ratio. This stock price testing suggests that the stock price is relatively expensive.
The current dividend yield is 1.67% based on dividends of $0.18 and a stock price of $10.77. The historical dividend yield median is 3.84% a value some 56% higher. Even the 5 year median is quite a bit higher at 2.74% and 39% higher. This stock price testing suggests that the stock price is relatively expensive.
When I look at analysts' recommendations, I find one Buy recommendation. There seems to be only one analyst following this stock. The 12 month stock price consensus is $13.50. This implies a total return of 27.02% with 25.35% from capital gains and 1.67% from dividends.
SDR staff on Stock Daily Review says that tracking this stock's price shows a Hold signal. Will Ashworth of Motley Fool gives this stock a good review and talks about their win with Gretzky. See what analysts are saying about this stock on Stock Chase. They like this stock.
Andrew Peller Limited is a leading producer and marketer of quality wines in Canada. With wineries in British Columbia, Ontario and Nova Scotia, the Company markets wines produced from grapes grown in Ontario's Niagara Peninsula, British Columbia's Okanagan and Similkameen Valleys and vineyards around the world. They also market craft beer under the Granville Island brand. The Company produces and markets consumer-made wine kit products through Winexpert and Vineco International Products. The Company's products are sold predominantly in Canada. Class A shares are non-voting.. Its web site is here Andrew Peller Ltd.
The last stock I wrote about was about was Superior Plus Corp. (TSX-SPB, OTC-SUUIF)... learn more. The next stock I will write about will be Badger Daylighting Ltd. (TSX-BAD, OTC- BADFF)... learn more on August 30, 2017 around 5 pm. Tomorrow on my other blog I will write about Dividend Growth Stocks... learn more on August 29, 2017 around 5 pm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
I do not own this stock of Andrew Peller Ltd. (TSX-ADW.A, OTC-ADWPF). This stock was on Mike Higgs' dividend growth stock list. I owned this stock as Andres Wines Ltd between 1996 and 2000.
What I noticed doing the spreadsheet is that this company has been doing quite well lately, especially from 2010. Revenue per Share growth is 4.50% and 4.65% per year over the past 5 and 10 years. The EPS growth is even better at 15.60% and 11.44% per year over the past 5 and 10 years. CFPS has grown at 6.61% and 10.28% per year over the past 5 and 10 years.
The total return for shareholders over the past 5 and 10 years is at28.65% and 15.62% per year. The portion of this total return attributable to dividends is 2.46% and 2.46% per year. The portion of this total return attributable to capital gain is 26.18% and 13.15% per year.
The company only started to increase their dividends in 2007. Before that dividends were flat for at least 18 years. My spreadsheet starts in 1988. The 5 and 10 year dividend growth rates are 3.63% and 6.61% per year. However, dividends have been higher for the past 3 years and the last dividend increase was for 10.3% in 2017.
The current dividend yield is low at just 1.67%. The dividends used to much higher. The historical median dividend yield is 3.84%. Even the 5 and 10 year median dividend yields are higher at 2.74% and 3.26%.
They can afford their dividends. The Dividend Payout Ratio for EPS was 25% in 2017. (Note that the financial year ends in March each year. So, the last annual statement is dated March 31, 2017.). It is interesting that the 5 year median DPR for EPS is higher at 34%.
The other thing was the current very good debt ratios. The Liquidity Ratio for 2017 is 1.96 with a 5 year median of 1.89. The Liquidity Ratio has been lower in the past as the 10 year median is just 1.38. The Debt Ratio for 2017 is 2.18 with a 5 year median ratio of 1.96. The Leverage and Debt/Equity Ratios for 2018 are 1.85 and 0.85. These also have been higher in the past with a 5 year median of 2.31 and 1.31.
The 5 year low, median and high median Price/Earnings per Share Ratios are 11.25, 13.08 and 14.35. The corresponding 10 year values are 10.52, 12.01 and 13.21. The historical values are 10.75, 12.78 and 14.30. The current P/E Ratio is 17.95 based on a stock price of $10.77 and 2018 EPS estimate of $0.60. This stock price testing suggests that the stock price is relatively expensive.
I get a Graham Price of $7.61. The 10 year low, median and high median Price/Graham Price Ratios are 0.71, 0.87 and 0.99. The current P/GP Ratio is 1.42 based on a stock price of $10.77. This stock price testing suggests that the stock price is relatively expensive.
I get a 10 year median Price/Book Value per Share Ratio of 1.38. The current P/B Ratio is 2.51 based on a Book Value of $182.6M, BVPS of $4.29 and a stock price of $10.77. The current P/B Ratio is some 83% higher than the 10 year median ratio. This stock price testing suggests that the stock price is relatively expensive.
The current dividend yield is 1.67% based on dividends of $0.18 and a stock price of $10.77. The historical dividend yield median is 3.84% a value some 56% higher. Even the 5 year median is quite a bit higher at 2.74% and 39% higher. This stock price testing suggests that the stock price is relatively expensive.
When I look at analysts' recommendations, I find one Buy recommendation. There seems to be only one analyst following this stock. The 12 month stock price consensus is $13.50. This implies a total return of 27.02% with 25.35% from capital gains and 1.67% from dividends.
SDR staff on Stock Daily Review says that tracking this stock's price shows a Hold signal. Will Ashworth of Motley Fool gives this stock a good review and talks about their win with Gretzky. See what analysts are saying about this stock on Stock Chase. They like this stock.
Andrew Peller Limited is a leading producer and marketer of quality wines in Canada. With wineries in British Columbia, Ontario and Nova Scotia, the Company markets wines produced from grapes grown in Ontario's Niagara Peninsula, British Columbia's Okanagan and Similkameen Valleys and vineyards around the world. They also market craft beer under the Granville Island brand. The Company produces and markets consumer-made wine kit products through Winexpert and Vineco International Products. The Company's products are sold predominantly in Canada. Class A shares are non-voting.. Its web site is here Andrew Peller Ltd.
The last stock I wrote about was about was Superior Plus Corp. (TSX-SPB, OTC-SUUIF)... learn more. The next stock I will write about will be Badger Daylighting Ltd. (TSX-BAD, OTC- BADFF)... learn more on August 30, 2017 around 5 pm. Tomorrow on my other blog I will write about Dividend Growth Stocks... learn more on August 29, 2017 around 5 pm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Friday, August 25, 2017
Superior Plus Corp
Sound bite for Twitter and StockTwits is: Future dividend growth industrial. This stock used to be an income trust company, and was one of the ones that had to change to a corporation. All the old income trust companies are having a hard time covering dividends as a corporation. Some cut dividends, some left them level and some did both. Only the odd ones can raise dividends. See my spreadsheet on Superior Plus Corp.
I do not own this stock of Superior Plus Corp (TSX-SPB, OTC-SUUIF). I started to follow this stock as it was an income trust company that was talked about in the Money Reporter from MPL Communications. This company changed to a corporation from Income Trust (TSX-SPF.UN) in 2009.
They still cannot afford the dividends they are paying and I would suspect that they will not increase them until they can. The Dividend Payout Ratio for 2016 looks good at 35.8% but the EPS are high because of a discontinued business. The DPR for 2017 is expected to be above 100% again in 2018 at 122%. This is better than for 2015 where the DPR was 360%. The 5 year median coverage is 148%. A lot of old trust companies are having a hard time covering dividends.
However, a number of analysts feel that this company could become a dividend growth stock in the next few years. They do not see big increases, but maybe a couple of percentage points over the next two years. Analysts seem to feel that dividends will be covered by earnings by 2019. However, the further you look out the less certain the analyst's estimates are. Analysts often do not get this year's estimate right let alone a couple of years into the future.
In the meantime, the dividend yield is very good at 6.29%. So buying this stock you could collect a good dividend while waiting for future dividend increases. Once they start to increase the dividend the dividend yield is likely to go lower permanently.
The 5 year low, median and high median Price/Earnings per Share Ratios are 25.63, 29.15 and 32.68. The corresponding 10 year values are 9.99, 12.44 and 15.35. The historical values are 14.87, 17.44 and 20.02. Mainly the 5 year ratios are high because of depressed EPS. The current P/E Ratio is 19.41 based on a stock price of $11.45 and 2017 EPS estimate of $0.59. I think that this stock price test suggests that the stock price is relatively expensive.
I get a Graham Price of $9.22. The 10 year low, median and high median Price/Graham Price Ratios are 0.87, 1.17 and 1.54. The current P/GP Ratio is 1.24 based on a stock price of $11.45. This stock price testing suggests that the stock price is reasonable but above the median.
I get a 10 year median Price/Book Value per Share Ratio of 2.40. The current P/B Ratio is 1.79 based on a Book Value of $914M, BVPS of $6.40 and a stock price of $11.45. The current ratio is some 25.6% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively cheap. This may be the best test for the stock price.
There are problem with doing stock price testing on old income trust companies based on dividend yields. Income trust companies had dividend yields that will never be met in the future. The historical median dividend yield is 10.25% a very high value. The 5 and 10 year median dividend yields are 5.91% and 9.37%. The current dividend yield of 6.29% is 6% higher than the 5 year median, but it is lower than the others. It was thought that Income Trusts would end up with dividend yields in the 4 to 5% range. Obviously this one is still rather high.
The 10 year median Price/Sales (Revenue) Ratio is 0.42. The current P/S Ratio is 0.72 a value some 74% higher. This current P/S Ratio is biased on 2017 Revenue estimate of $2,256M, Revenue per Share of $15.80 and a stock price of $11.45. This stock price testing suggests that the stock price is relatively expensive. It is rather worry some when revenue is declining, but they did sell off some business.
When I look at analysts' recommendations, I find Buy (3) and Hold (6) recommendations. Most are Hold recommendations and the consensus recommendation is a Hold. The 12 month stock price consensus is $13.58. This implies a total return of 24.89% with 6.29% from dividends and 18.60% from capital gains based on a stock price of $11.45.
There is a press release on Market Wired by the company announcing their second quarterly results for 2017. Ashwin Virk talks about this stock on Simply Wall Street. See what analysts are saying on Stock Chase. They like it, especially the 6% dividend.
I look at stuff on the internet about stocks that I am reviewing. Sometimes I wonder if they are talking about the right stock, this is especially true on Simply Wall Street. He gets the current dividend right of $0.06. However, this is paid monthly so the current rate is $0.72. He says in three years' time analyst think it will be $.492? Any analysts I looked at think dividends will go up and not down. Simply Wall Street reviews often seem to be rather superficial. He does not seem to recognize that the good EPS in 2016 is because of a sale of a discontinue business. Of course EPS will go down, but quotes for 3 years' time are closer to $0.90 rather than $0.57.
Superior Plus Corp. (Superior) is a Canada-based diversified business company. The Company operates through two segments: Energy Distribution and Specialty Chemicals. The Company's Energy Distribution operating segment provides distribution, wholesale procurement and related services in relation to propane, heating oil and other refined fuels under Canadian propane division and the United States refined fuels division. The Company's Specialty Chemicals segment is a supplier of sodium chlorate and technology to the pulp and paper industry and a regional supplier of potassium and chlor-alkali products in the United States Midwest. Its web site is here Superior Plus Corp.
The last stock I wrote about was about was Jean Coutu Group Inc. (TSX-PJC.A, OTC-JCOUF)... learn more. The next stock I will write about will be Andrew Peller Ltd. (TSX-ADW.A, OTC-ADWPF)... learn more on Monday, August 28, 2017 around 5 pm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
I do not own this stock of Superior Plus Corp (TSX-SPB, OTC-SUUIF). I started to follow this stock as it was an income trust company that was talked about in the Money Reporter from MPL Communications. This company changed to a corporation from Income Trust (TSX-SPF.UN) in 2009.
They still cannot afford the dividends they are paying and I would suspect that they will not increase them until they can. The Dividend Payout Ratio for 2016 looks good at 35.8% but the EPS are high because of a discontinued business. The DPR for 2017 is expected to be above 100% again in 2018 at 122%. This is better than for 2015 where the DPR was 360%. The 5 year median coverage is 148%. A lot of old trust companies are having a hard time covering dividends.
However, a number of analysts feel that this company could become a dividend growth stock in the next few years. They do not see big increases, but maybe a couple of percentage points over the next two years. Analysts seem to feel that dividends will be covered by earnings by 2019. However, the further you look out the less certain the analyst's estimates are. Analysts often do not get this year's estimate right let alone a couple of years into the future.
In the meantime, the dividend yield is very good at 6.29%. So buying this stock you could collect a good dividend while waiting for future dividend increases. Once they start to increase the dividend the dividend yield is likely to go lower permanently.
The 5 year low, median and high median Price/Earnings per Share Ratios are 25.63, 29.15 and 32.68. The corresponding 10 year values are 9.99, 12.44 and 15.35. The historical values are 14.87, 17.44 and 20.02. Mainly the 5 year ratios are high because of depressed EPS. The current P/E Ratio is 19.41 based on a stock price of $11.45 and 2017 EPS estimate of $0.59. I think that this stock price test suggests that the stock price is relatively expensive.
I get a Graham Price of $9.22. The 10 year low, median and high median Price/Graham Price Ratios are 0.87, 1.17 and 1.54. The current P/GP Ratio is 1.24 based on a stock price of $11.45. This stock price testing suggests that the stock price is reasonable but above the median.
I get a 10 year median Price/Book Value per Share Ratio of 2.40. The current P/B Ratio is 1.79 based on a Book Value of $914M, BVPS of $6.40 and a stock price of $11.45. The current ratio is some 25.6% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively cheap. This may be the best test for the stock price.
There are problem with doing stock price testing on old income trust companies based on dividend yields. Income trust companies had dividend yields that will never be met in the future. The historical median dividend yield is 10.25% a very high value. The 5 and 10 year median dividend yields are 5.91% and 9.37%. The current dividend yield of 6.29% is 6% higher than the 5 year median, but it is lower than the others. It was thought that Income Trusts would end up with dividend yields in the 4 to 5% range. Obviously this one is still rather high.
The 10 year median Price/Sales (Revenue) Ratio is 0.42. The current P/S Ratio is 0.72 a value some 74% higher. This current P/S Ratio is biased on 2017 Revenue estimate of $2,256M, Revenue per Share of $15.80 and a stock price of $11.45. This stock price testing suggests that the stock price is relatively expensive. It is rather worry some when revenue is declining, but they did sell off some business.
When I look at analysts' recommendations, I find Buy (3) and Hold (6) recommendations. Most are Hold recommendations and the consensus recommendation is a Hold. The 12 month stock price consensus is $13.58. This implies a total return of 24.89% with 6.29% from dividends and 18.60% from capital gains based on a stock price of $11.45.
There is a press release on Market Wired by the company announcing their second quarterly results for 2017. Ashwin Virk talks about this stock on Simply Wall Street. See what analysts are saying on Stock Chase. They like it, especially the 6% dividend.
I look at stuff on the internet about stocks that I am reviewing. Sometimes I wonder if they are talking about the right stock, this is especially true on Simply Wall Street. He gets the current dividend right of $0.06. However, this is paid monthly so the current rate is $0.72. He says in three years' time analyst think it will be $.492? Any analysts I looked at think dividends will go up and not down. Simply Wall Street reviews often seem to be rather superficial. He does not seem to recognize that the good EPS in 2016 is because of a sale of a discontinue business. Of course EPS will go down, but quotes for 3 years' time are closer to $0.90 rather than $0.57.
Superior Plus Corp. (Superior) is a Canada-based diversified business company. The Company operates through two segments: Energy Distribution and Specialty Chemicals. The Company's Energy Distribution operating segment provides distribution, wholesale procurement and related services in relation to propane, heating oil and other refined fuels under Canadian propane division and the United States refined fuels division. The Company's Specialty Chemicals segment is a supplier of sodium chlorate and technology to the pulp and paper industry and a regional supplier of potassium and chlor-alkali products in the United States Midwest. Its web site is here Superior Plus Corp.
The last stock I wrote about was about was Jean Coutu Group Inc. (TSX-PJC.A, OTC-JCOUF)... learn more. The next stock I will write about will be Andrew Peller Ltd. (TSX-ADW.A, OTC-ADWPF)... learn more on Monday, August 28, 2017 around 5 pm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Wednesday, August 23, 2017
Jean Coutu Group Inc
Sound bite for Twitter and StockTwits is: Dividend growth consumer. The stock price testing varies, but it would seem that the price is reasonable. See my spreadsheet on Jean Coutu Group Inc.
I do not own this stock of Jean Coutu Group Inc. (TSX-PJC.A, OTC-JCOUF). I bought this stock first in 2000 for my RRSP account. In 2004, I bought some of this stock for my trading account. In 2007, I sold this stock in my RRSP account because I wanted money to invest in Saputo which I liked better at that time.
When updating the spreadsheet I noticed the very good current debt ratios. The Liquidity Ratio for 2017 is 2.46 and it has a 5 year median of 2.23. However, it has gone up and down a lot in the past with a low of 0.94 in 2012. It has been above 1.50 over the past 5 years. The Debt Ratio in 2017 is 4.85 with a 5 year median of 4.94. This too has gone up and down a lot in the past. Note that the current financial year end is of around March 1 each year.
The other thing I noticed with the Net Insider Selling as a percentage of the Market Cap. In this case it might as well as be called Net Insider Buying. NIB for 2017 is 0.01%. For the previous two years it was a 0.04%. There is obvious confidence in the company by insiders. Buy over the past year was by CFO and other officers.
The dividends are currently moderate but have been low in the past. The current dividend is 2.39% with a 5 and 10 year median of 1.94% and 2.11%. However, the historical median is just 0.76%. The historical median is so low because prior to 2006 the dividend yield was generally below 1%.
The current dividend increases are moderate. The 5 and 10 year dividend increases are 12.2% and 13.1% per year. The last increase occurred in this calendar year and was for 8.3%. I consider moderate increases at between 8% and 15%.
Over the past 5 and 10 years shareholders have done quite well. The total return over the past 5 and 10 years is at 11.69% and 9.34%. The total return from dividends is 3.25% and 2.43%. The portion of the total return from capital gains is at 8.43% and 6.91%.
The 5 year low, median and high median Price/Earnings per Share Ratios are 15.02, 17.95 and 18.70. The corresponding 10 year values are 10.21, 11.66 and 13.10. The historical ones are 14.29, 18.51 and 22.40. The current P/E Ratio is 22.69 based on a stock price of $21.78 and 2018 EPS estimate of $0.96. (Note that this company has a financial year end of March 1 each year.) This stock price testing suggests that the stock price is relatively expensive.
I get a Graham Price of $12.04. The 10 year low, median and high median Price/Graham Price Ratios are 1.30, 1.52 and 1.74. The current P/GP Ratio is 1.81 based on a stock price of $21.78. This stock price testing suggests that the stock price is relatively expensive.
The 10 year Price/Book Value per Share Ratio is 3.69. The current P/B Ratio is 3.24 based on Book Value of $1,233M, BVPS of $$6.72 and a stock price of $21.78. The current ratio is 12.2% lower than the 10 year median. This stock price testing suggests that the stock price is relatively reasonable and below the median.
The historical median dividend yield is 0.76%. The current dividend yield is 2.39% based on dividends of $0.52 and a stock price of $21.78. The 10 year dividend yield is 2.11%. The current dividend yield is some 214% higher than the historical median and some 13% above the 10 year median. This stock price testing suggests that the stock price is relatively reasonable and below the median or relatively cheap.
The 10 year median Price/Sales (Revenue) Ratio is 1.16. The current P/S Ratio is 1.35 based on 2018 Revenue estimate of $2.954, Revenue per Share of $15.08 and a stock price of $21.78. This stock price testing suggests that the stock price is relatively reasonable, but above the median.
When I look at analysts' recommendations, I find Buy, Hold and Underperform. Most are a Hold and the consensus recommendation is a Hold. The 12 month stock price is 20.78. This implies a total loss of 2.20% with a capital loss of $4.59% and dividend income of 2.39%.
Chris MacDonald of Motley Fool asks if a PJC and Metro merger is on the horizon. Sarah Dixon on Clayton News Review says the shareholder yield for this stock is 3.08. Richard Conner on Financial News Daily says there are 0 buy rating, 3 Sell ratings and 3 Hold ratings on this stock today. See what analysts are saying about this stock on Stock Chase . There is a divergence of opinion on this company.
When reviewing the Financial News Daily article on analysts ratings, note Reduce and Underperform are both a number 4 rating. Every site you look at will give a different number for each rating. I tend to use 4-Traders. See my blog for information on Analyst Ratings.
The Jean Coutu Group is one of the most trusted names in Canadian pharmacy retailing. The Corporation operates a network of 413 franchised stores located in the provinces of Québec, New Brunswick and Ontario under the banners of PJC Jean Coutu, PJC Clinique, PJC Santé and PJC Santé Beauté. Furthermore, the Jean Coutu Group owns Pro Doc Ltd ("Pro Doc"), a Québec-based subsidiary and manufacturer of generic drugs. Its web site is here Jean Coutu Group Inc.
The last stock I wrote about was about was Evertz Technologies (TSX-ET, OTC-EVTZF)... learn more. The next stock I will write about will be Superior Plus Corp. (TSX-SPB, OTC-SUUIF)... learn more on Friday, August 25, 2017 around 9 am. Tomorrow on my other blog I will write about Stable Economies... learn more on Thursday, August 23, 2017 around 5 pm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
I do not own this stock of Jean Coutu Group Inc. (TSX-PJC.A, OTC-JCOUF). I bought this stock first in 2000 for my RRSP account. In 2004, I bought some of this stock for my trading account. In 2007, I sold this stock in my RRSP account because I wanted money to invest in Saputo which I liked better at that time.
When updating the spreadsheet I noticed the very good current debt ratios. The Liquidity Ratio for 2017 is 2.46 and it has a 5 year median of 2.23. However, it has gone up and down a lot in the past with a low of 0.94 in 2012. It has been above 1.50 over the past 5 years. The Debt Ratio in 2017 is 4.85 with a 5 year median of 4.94. This too has gone up and down a lot in the past. Note that the current financial year end is of around March 1 each year.
The other thing I noticed with the Net Insider Selling as a percentage of the Market Cap. In this case it might as well as be called Net Insider Buying. NIB for 2017 is 0.01%. For the previous two years it was a 0.04%. There is obvious confidence in the company by insiders. Buy over the past year was by CFO and other officers.
The dividends are currently moderate but have been low in the past. The current dividend is 2.39% with a 5 and 10 year median of 1.94% and 2.11%. However, the historical median is just 0.76%. The historical median is so low because prior to 2006 the dividend yield was generally below 1%.
The current dividend increases are moderate. The 5 and 10 year dividend increases are 12.2% and 13.1% per year. The last increase occurred in this calendar year and was for 8.3%. I consider moderate increases at between 8% and 15%.
Over the past 5 and 10 years shareholders have done quite well. The total return over the past 5 and 10 years is at 11.69% and 9.34%. The total return from dividends is 3.25% and 2.43%. The portion of the total return from capital gains is at 8.43% and 6.91%.
The 5 year low, median and high median Price/Earnings per Share Ratios are 15.02, 17.95 and 18.70. The corresponding 10 year values are 10.21, 11.66 and 13.10. The historical ones are 14.29, 18.51 and 22.40. The current P/E Ratio is 22.69 based on a stock price of $21.78 and 2018 EPS estimate of $0.96. (Note that this company has a financial year end of March 1 each year.) This stock price testing suggests that the stock price is relatively expensive.
I get a Graham Price of $12.04. The 10 year low, median and high median Price/Graham Price Ratios are 1.30, 1.52 and 1.74. The current P/GP Ratio is 1.81 based on a stock price of $21.78. This stock price testing suggests that the stock price is relatively expensive.
The 10 year Price/Book Value per Share Ratio is 3.69. The current P/B Ratio is 3.24 based on Book Value of $1,233M, BVPS of $$6.72 and a stock price of $21.78. The current ratio is 12.2% lower than the 10 year median. This stock price testing suggests that the stock price is relatively reasonable and below the median.
The historical median dividend yield is 0.76%. The current dividend yield is 2.39% based on dividends of $0.52 and a stock price of $21.78. The 10 year dividend yield is 2.11%. The current dividend yield is some 214% higher than the historical median and some 13% above the 10 year median. This stock price testing suggests that the stock price is relatively reasonable and below the median or relatively cheap.
The 10 year median Price/Sales (Revenue) Ratio is 1.16. The current P/S Ratio is 1.35 based on 2018 Revenue estimate of $2.954, Revenue per Share of $15.08 and a stock price of $21.78. This stock price testing suggests that the stock price is relatively reasonable, but above the median.
When I look at analysts' recommendations, I find Buy, Hold and Underperform. Most are a Hold and the consensus recommendation is a Hold. The 12 month stock price is 20.78. This implies a total loss of 2.20% with a capital loss of $4.59% and dividend income of 2.39%.
Chris MacDonald of Motley Fool asks if a PJC and Metro merger is on the horizon. Sarah Dixon on Clayton News Review says the shareholder yield for this stock is 3.08. Richard Conner on Financial News Daily says there are 0 buy rating, 3 Sell ratings and 3 Hold ratings on this stock today. See what analysts are saying about this stock on Stock Chase . There is a divergence of opinion on this company.
When reviewing the Financial News Daily article on analysts ratings, note Reduce and Underperform are both a number 4 rating. Every site you look at will give a different number for each rating. I tend to use 4-Traders. See my blog for information on Analyst Ratings.
The Jean Coutu Group is one of the most trusted names in Canadian pharmacy retailing. The Corporation operates a network of 413 franchised stores located in the provinces of Québec, New Brunswick and Ontario under the banners of PJC Jean Coutu, PJC Clinique, PJC Santé and PJC Santé Beauté. Furthermore, the Jean Coutu Group owns Pro Doc Ltd ("Pro Doc"), a Québec-based subsidiary and manufacturer of generic drugs. Its web site is here Jean Coutu Group Inc.
The last stock I wrote about was about was Evertz Technologies (TSX-ET, OTC-EVTZF)... learn more. The next stock I will write about will be Superior Plus Corp. (TSX-SPB, OTC-SUUIF)... learn more on Friday, August 25, 2017 around 9 am. Tomorrow on my other blog I will write about Stable Economies... learn more on Thursday, August 23, 2017 around 5 pm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Monday, August 21, 2017
Evertz Technologies
Sound bite for Twitter and StockTwits is: Dividend growth tech. I still find this stock interesting. I purchased additional shares in January and February of this year. Price testing is all over the place, but it seems by most tests to be relatively reasonable. See my spreadsheet on Evertz Technologies.
I own this stock of Evertz Technologies (TSX-ET, OTC-EVTZF). I got the idea to investigate this stock from a G&M Article. It looked like something I might want to try out. This stock came up in a stock screen filter article that was looking for reliable dividend payers. That is companies that have reliable profits big enough to comfortably cover their dividend payments. The company also has a large amount of insider ownership.
What I found interesting in updating my spreadsheet was that although I was making a fairly good return, most of the return is in dividends. I have had this stock for 5.7 years. My total return is 12.96% per year with 5.76% from capital gains and 7.20% from dividends. Part of the reason for this is two special dividends given.
The other thing to mention is the company's great debt ratios. The Liquidity Ratio for 2017 is 4.16 with a 5 year median of 5.62. The Debt Ratio is 4.62 with a 5 year ratio of 6.15. The Leverage and Debt/Equity Ratios for 2017 are 1.28 and 0.28 respectively. These are all very good. Note that this company has a fiscal year end of April 30 of each year so I have reviewing the fiscal year ending in April 30, 2017.
They can cover their dividends. They gave out a special dividend from the cash they had and this cannot be covered by EPS, but ignoring the special dividend the Dividend Payout Ratio for 2017 would be 78%. The 5 year median DPR is also 78%. Both special dividends were paid from excess cash on hand.
Dividends on this company started off low from 0.9% to 1.5%. However, the dividends have grown faster than the stock so the current dividends are quite good at 4.02%. The ending April 2017 was the first year that dividends were not increased. But a special dividend was declared. Current cash is some 4.3% of the stock's price at $0.72 per share.
The 5 year low, median and high median Price/Earnings per Share Ratio are 15.18, 17.77 and 19.45. The corresponding 10 year values are 12.23, 17.72 and 19.96. This 12 year values are similar at 14.35, 17.72 and 19.84. The current P/E Ratio is 16.57 based 2018 EPS estimate of $1.08 and a stock price of $17.90. This stock price testing suggests that the stock price is relatively reasonable and below the median.
I get a Graham Price of $10.10. The 10 year low, median and high median Price/Graham Price Ratios are 1.37, 1.67 and 1.93. The current P/GP Ratio is 1.77 based on a stock price of $17.90. This stock price testing suggests that the stock price is relatively reasonable but above the median.
The 10 year Price/Book Value per Share Ratio is 3.54. The current P/B Ratio is 4.27 a value some 20.4% higher than the 10 year ratio. The current P/B Ratio is based on Book Value of $317.83, BVPS of $4.20 and a stock price of $17.90. This stock price testing suggests that the stock price is relatively expensive. It becomes expensive when the current ratio is 20% or more high than the 10 year median ratio.
The historical median dividend yield is 3.60%. The current dividend yield is 4.02% based on dividends of $0.72 and a stock price of $17.90. The current dividend yield is some 11.7% higher than the historical median dividend yield. This stock price testing suggests that the stock price is relatively reasonable and below the median.
The 10 year median Price/Sales (Revenue) Ratio is 3.55. The current P/S Ratio is 3.18 based on 2018 Revenue estimate of $426M, Revenue per Share of $5.62 and a stock price of$17.90. This stock price testing suggests that the stock price is relatively reasonable but above the median.
There are only 4 analysts following this stock. One gives a Strong Buy and 3 a Buy. The consensus recommendations would be a Buy. The 12 month stock price is $19.63. This implies a total return of 13.69% with 9.66% from capital gains and 4.02% from dividends.
This press release on Stock House talks about a large purchase by a US customer. Financial Newsweek Staff on Financial Newsweek says that the balance step shows a bullish trend. Raj Burman on Simply Wall Street says that Evertz shares are slightly overvalued. See what analysts are saying at Stock Chase.
Evertz Technologies Limited designs, manufactures and markets video and audio infrastructure equipment for the production, post production, broadcast and internet protocol television ("IPTV") industry. Its web site is here Evertz Technologies.
The last stock I wrote about was about was ONEX Corp. (TSX-OCX, OTC-ONEXF)... learn more. The next stock I will write about will be Jean Coutu Group Inc. (TSX-PJC.A, OTC-JCOUF)... learn more on Wednesday, August 21, 2017 around 5 pm. Tomorrow on my other blog I will write about Credit Card Debt is Deadly... learn more on Tuesday, August 22, 2017 around 5 pm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
I own this stock of Evertz Technologies (TSX-ET, OTC-EVTZF). I got the idea to investigate this stock from a G&M Article. It looked like something I might want to try out. This stock came up in a stock screen filter article that was looking for reliable dividend payers. That is companies that have reliable profits big enough to comfortably cover their dividend payments. The company also has a large amount of insider ownership.
What I found interesting in updating my spreadsheet was that although I was making a fairly good return, most of the return is in dividends. I have had this stock for 5.7 years. My total return is 12.96% per year with 5.76% from capital gains and 7.20% from dividends. Part of the reason for this is two special dividends given.
The other thing to mention is the company's great debt ratios. The Liquidity Ratio for 2017 is 4.16 with a 5 year median of 5.62. The Debt Ratio is 4.62 with a 5 year ratio of 6.15. The Leverage and Debt/Equity Ratios for 2017 are 1.28 and 0.28 respectively. These are all very good. Note that this company has a fiscal year end of April 30 of each year so I have reviewing the fiscal year ending in April 30, 2017.
They can cover their dividends. They gave out a special dividend from the cash they had and this cannot be covered by EPS, but ignoring the special dividend the Dividend Payout Ratio for 2017 would be 78%. The 5 year median DPR is also 78%. Both special dividends were paid from excess cash on hand.
Dividends on this company started off low from 0.9% to 1.5%. However, the dividends have grown faster than the stock so the current dividends are quite good at 4.02%. The ending April 2017 was the first year that dividends were not increased. But a special dividend was declared. Current cash is some 4.3% of the stock's price at $0.72 per share.
The 5 year low, median and high median Price/Earnings per Share Ratio are 15.18, 17.77 and 19.45. The corresponding 10 year values are 12.23, 17.72 and 19.96. This 12 year values are similar at 14.35, 17.72 and 19.84. The current P/E Ratio is 16.57 based 2018 EPS estimate of $1.08 and a stock price of $17.90. This stock price testing suggests that the stock price is relatively reasonable and below the median.
I get a Graham Price of $10.10. The 10 year low, median and high median Price/Graham Price Ratios are 1.37, 1.67 and 1.93. The current P/GP Ratio is 1.77 based on a stock price of $17.90. This stock price testing suggests that the stock price is relatively reasonable but above the median.
The 10 year Price/Book Value per Share Ratio is 3.54. The current P/B Ratio is 4.27 a value some 20.4% higher than the 10 year ratio. The current P/B Ratio is based on Book Value of $317.83, BVPS of $4.20 and a stock price of $17.90. This stock price testing suggests that the stock price is relatively expensive. It becomes expensive when the current ratio is 20% or more high than the 10 year median ratio.
The historical median dividend yield is 3.60%. The current dividend yield is 4.02% based on dividends of $0.72 and a stock price of $17.90. The current dividend yield is some 11.7% higher than the historical median dividend yield. This stock price testing suggests that the stock price is relatively reasonable and below the median.
The 10 year median Price/Sales (Revenue) Ratio is 3.55. The current P/S Ratio is 3.18 based on 2018 Revenue estimate of $426M, Revenue per Share of $5.62 and a stock price of$17.90. This stock price testing suggests that the stock price is relatively reasonable but above the median.
There are only 4 analysts following this stock. One gives a Strong Buy and 3 a Buy. The consensus recommendations would be a Buy. The 12 month stock price is $19.63. This implies a total return of 13.69% with 9.66% from capital gains and 4.02% from dividends.
This press release on Stock House talks about a large purchase by a US customer. Financial Newsweek Staff on Financial Newsweek says that the balance step shows a bullish trend. Raj Burman on Simply Wall Street says that Evertz shares are slightly overvalued. See what analysts are saying at Stock Chase.
Evertz Technologies Limited designs, manufactures and markets video and audio infrastructure equipment for the production, post production, broadcast and internet protocol television ("IPTV") industry. Its web site is here Evertz Technologies.
The last stock I wrote about was about was ONEX Corp. (TSX-OCX, OTC-ONEXF)... learn more. The next stock I will write about will be Jean Coutu Group Inc. (TSX-PJC.A, OTC-JCOUF)... learn more on Wednesday, August 21, 2017 around 5 pm. Tomorrow on my other blog I will write about Credit Card Debt is Deadly... learn more on Tuesday, August 22, 2017 around 5 pm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Friday, August 18, 2017
Onex Corp
Sound bite for Twitter and StockTwits is: Not real div stock. I would not buy again. I would not buy any company with a dividend yield less than 1% and this has never reached 1%. See my spreadsheet on ONEX Corp.
I do not own this stock of Onex Corp (TSX-ONEX, OTC-ONEXF), but I used to. I thought this was a dividend paying stock, but was mistaken. A stock that keeps its dividend level year after year is not a true dividend stock. I bought this stock in 2001 because it was on a stock hit list article I read. By April 2008, I knew that this was not the sort of stock I wanted to be invested, so I sold. Over 6 years I made 5.8% return per year.
Since 2013 they have started to raise the dividends. They report in US$, but they pay dividends in CDN$. Dividends have gone up recently by 19% and 9.1% per year over the past 5 and 10 years. However, the dividend yield is very, very low. The current dividend is 0.31% based on a stock price of $96.87 and dividends of $0.30. This may technically be a dividend growth company, but dividends are still far too low to call this a dividend paying stock.
Another problem is that fact that the Long Term Debt/Market Cap Ratio is 3.27 for 2016. Anything close to 1.00 is a big problem. This is way over 1.00. Other problem is the Intangible/Market Cap Ratio is 1.33 and the Goodwill/Market Cap ratio is 1.31 for 2016. These are also big problems when getting close to 1.00.
There are very few estimates for this company. However, I did get some for EPS at $0.26 and $0.50 US$. With the second quarter, ONEX is reporting EPS of $17.06 US$. However, this seems to be sale of discontinued business. At least with the second quarter, the book value for shareholders is now positive.
Because of all the earnings losses, especially since 2010, the 5 and 10 year Price/Earnings per Share ratios are negative. The historical ones are far too low to make sense. For example, the historical high is just 3.88. The current P/E Ratio is 292.10 based on a stock price of $96.87 and 2017 EPS estimate of $0.33 CDN$ or $0.26 US$. This is also not a rational P/E Ratio. This stock price testing suggests that the stock price is relatively expensive.
I get a Graham Price of $13.87 CDN$ (when I include the 2017 estimate of .33CDN$ in GP formula). The 10 year low median and high median Price/Graham Price Ratios are 1.04, 1.49 and 1.82. The current P/GP Ratio is 6.98 based on a stock price of $96.87 CDN$. This stock price testing suggests that the stock price is relatively expensive.
I get a 10 year median Price/Book Value per Share Ratio 2.14 CDN$. The current P/B Ratio is 3.76 CDN$ and this is 75% higher than the 10 year median ratio. Current ratio is based on Book Value of $26,533M CDN$, BVPS of $25.79 CDN$ and stock price of $96.87 CDN$. You get similar results in US$. This stock price testing suggests that the stock price is relatively expensive. (Note that until the second quarter BV was negative for 2 years.) In 2014 BVPS was only $8.58 CDN$.
The historical dividend yield is 0.54%. The current dividend yield is 0.31%. The current dividend is based on dividends of $0.30 CDM$and a stock price of $96.87 CDN$ or $76.41 US$. The current dividend yield is some 43% below the historical median dividend yield. This stock price testing suggests that the stock price is relatively expensive.
The 10 year median Price/Sales (Revenue) Ratio is 0.17 CDN$. The current P/S Ratio is 037 a value some 116% lower. The current P/S Ratio is based on Revenue for the last 12 months to the end of the second quarter of $26,645M CDN$ ($21,125M US$), Revenue per Share of $216.89 CDN$ and a stock price of $96.87 CDN$. This stock price testing suggests that the stock price is relatively expensive. However, the P/S Ratio of 0.37 is a very low one.
When I look at analysts' recommendations, I find Strong Buy (1) and Hold (4). The consensus would be a Hold recommendation. The 12 month stock price is $101.79. This implies a total return of 5.39% with 5.08% from capital gains and 0.31% from dividends.
Onex Corp reports on their second quarterly results on Market Wired. David Owens on Simply Wall Street discusses CEO compensation as it applied to Onex. See what analysts are saying about this company on Stock Chase. They seem to like it.
Onex is one of North America's oldest investment firm committed to acquiring and building high-quality businesses in partnership with talented management teams. Onex manages investment platforms focused on private equity, real estate and credit securities. Gerald Schwartz is a major owner. Its web site is here Onex Corp.
The last stock I wrote about was about was BlackBerry Ltd. (TSX-BB, NASDAQ-BBRY)... learn more. The next stock I will write about will be Evertz Technologies (TSX-ET, OTC-EVTZF)... learn more on Monday, August 21, 2017 around 5 pm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
I do not own this stock of Onex Corp (TSX-ONEX, OTC-ONEXF), but I used to. I thought this was a dividend paying stock, but was mistaken. A stock that keeps its dividend level year after year is not a true dividend stock. I bought this stock in 2001 because it was on a stock hit list article I read. By April 2008, I knew that this was not the sort of stock I wanted to be invested, so I sold. Over 6 years I made 5.8% return per year.
Since 2013 they have started to raise the dividends. They report in US$, but they pay dividends in CDN$. Dividends have gone up recently by 19% and 9.1% per year over the past 5 and 10 years. However, the dividend yield is very, very low. The current dividend is 0.31% based on a stock price of $96.87 and dividends of $0.30. This may technically be a dividend growth company, but dividends are still far too low to call this a dividend paying stock.
Another problem is that fact that the Long Term Debt/Market Cap Ratio is 3.27 for 2016. Anything close to 1.00 is a big problem. This is way over 1.00. Other problem is the Intangible/Market Cap Ratio is 1.33 and the Goodwill/Market Cap ratio is 1.31 for 2016. These are also big problems when getting close to 1.00.
There are very few estimates for this company. However, I did get some for EPS at $0.26 and $0.50 US$. With the second quarter, ONEX is reporting EPS of $17.06 US$. However, this seems to be sale of discontinued business. At least with the second quarter, the book value for shareholders is now positive.
Because of all the earnings losses, especially since 2010, the 5 and 10 year Price/Earnings per Share ratios are negative. The historical ones are far too low to make sense. For example, the historical high is just 3.88. The current P/E Ratio is 292.10 based on a stock price of $96.87 and 2017 EPS estimate of $0.33 CDN$ or $0.26 US$. This is also not a rational P/E Ratio. This stock price testing suggests that the stock price is relatively expensive.
I get a Graham Price of $13.87 CDN$ (when I include the 2017 estimate of .33CDN$ in GP formula). The 10 year low median and high median Price/Graham Price Ratios are 1.04, 1.49 and 1.82. The current P/GP Ratio is 6.98 based on a stock price of $96.87 CDN$. This stock price testing suggests that the stock price is relatively expensive.
I get a 10 year median Price/Book Value per Share Ratio 2.14 CDN$. The current P/B Ratio is 3.76 CDN$ and this is 75% higher than the 10 year median ratio. Current ratio is based on Book Value of $26,533M CDN$, BVPS of $25.79 CDN$ and stock price of $96.87 CDN$. You get similar results in US$. This stock price testing suggests that the stock price is relatively expensive. (Note that until the second quarter BV was negative for 2 years.) In 2014 BVPS was only $8.58 CDN$.
The historical dividend yield is 0.54%. The current dividend yield is 0.31%. The current dividend is based on dividends of $0.30 CDM$and a stock price of $96.87 CDN$ or $76.41 US$. The current dividend yield is some 43% below the historical median dividend yield. This stock price testing suggests that the stock price is relatively expensive.
The 10 year median Price/Sales (Revenue) Ratio is 0.17 CDN$. The current P/S Ratio is 037 a value some 116% lower. The current P/S Ratio is based on Revenue for the last 12 months to the end of the second quarter of $26,645M CDN$ ($21,125M US$), Revenue per Share of $216.89 CDN$ and a stock price of $96.87 CDN$. This stock price testing suggests that the stock price is relatively expensive. However, the P/S Ratio of 0.37 is a very low one.
When I look at analysts' recommendations, I find Strong Buy (1) and Hold (4). The consensus would be a Hold recommendation. The 12 month stock price is $101.79. This implies a total return of 5.39% with 5.08% from capital gains and 0.31% from dividends.
Onex Corp reports on their second quarterly results on Market Wired. David Owens on Simply Wall Street discusses CEO compensation as it applied to Onex. See what analysts are saying about this company on Stock Chase. They seem to like it.
Onex is one of North America's oldest investment firm committed to acquiring and building high-quality businesses in partnership with talented management teams. Onex manages investment platforms focused on private equity, real estate and credit securities. Gerald Schwartz is a major owner. Its web site is here Onex Corp.
The last stock I wrote about was about was BlackBerry Ltd. (TSX-BB, NASDAQ-BBRY)... learn more. The next stock I will write about will be Evertz Technologies (TSX-ET, OTC-EVTZF)... learn more on Monday, August 21, 2017 around 5 pm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Wednesday, August 16, 2017
BlackBerry Ltd
Sound bite for Twitter and StockTwits is: Damaged tech stock. Mostly the stock price testing shows a reasonable price unless you look at P/S Ratio. Unfortunately, when a stock is not earning any money, Revenue becomes more important. The problem with BlackBerry is that revenue is still falling. Perhaps a better time to buy is when we can see that Revenue may start to increase. See my spreadsheet on BlackBerry Ltd.
I do not own this stock of BlackBerry Ltd. (TSX-BB, NASDAQ-BBRY), but I used to. I always liked tech stocks and this was a fast rising tech stock when I bought it. I made money because I had bought and sold it before it peaked in 2010. I do not tend to hold tech stocks for the long term.
One thing that is noticeable is the amount of stock options John Chen, the Chairman and CEO has. Currently his options are 1.83% of the market cap. This is down from 2.51% he used to own but it is still quite high. John Chen now owns shares worth $21M CDN$. Prior to this year his ownership was under $1M CDN$. This may be a buy signal in itself.
When I look at my spreadsheet all I see is red. I think that whether John Chen can turn this company around or not is still up in the air. A lot of analysts think that John Chen will turn the company around, but it has not started to turn yet.
The only positive I see is the debt ratios. The Long Term Debt/Market Cap Ratio is very low at 0.16 for 2017. The Liquidity Ratio and Debt Ratios at 2.79 and 2.71 for 2017 are very good where I like them to be at 1.50 and above. The Leverage and Debt/Equity Ratios are also quite good at 1.59 and 0.59 respectively. This means that the company is still viable. Financial year ends in February of each year.
Because of the last 5 years have had negative earnings, Price/Earnings Ratios for the past 5 and 10 years are not viable measures. However, the historical ones are. The low, median and high median historical Price/Earnings per Share Ratios are 10.13, 18.09 and 30.32. The current P/E Ratio is 17.92 based on a stock price of $11.14 CDN$ and 2018 EPS estimate of $0.62 CDN$ ($0.49US$). This stock price testing suggests that the stock price is relatively reasonable and below the median.
The current Graham Price is $8.49 CDN$. The 10 year low, median and high median Price/Graham Price Ratios are 0.89, 1.25 and 1.59 CDN$. The current P/GP Ratio is 1.31 based on a stock price of $11.14 CDN$. This stock price testing suggests that the stock price is relatively reasonable but above the median.
The 10 year median Price/Book Value per Share Ratio is 1.91. The current P/B Ratio is 1.70 based on Book Value of $2,738M US$, Book Value per Share of $5.15 US$ and Stock Price of $8.78 US$. The current P/B Ratio is some 11% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable and below the median. You would get a similar results using CDN$ values.
The 10 year median Price/Sales (Revenue) Ratio is 1.80 US$. The current P/S Ratio is 4.59 US$ based on 2018 Revenue Estimate of 1,016M US$, 2018 Revenue per Share estimate of $1.91 US$ and a stock price of $8.78 US$. The current ratio is 156% higher than the 10 year median ratio. This stock price testing suggests that the stock price is relatively expensive. You would get a similar results using CDN$ values.
There are still a number of analysts following this stock. When I look at analysts' recommendations, I find Buy, Hold and Underperform recommendations. There is only one buy out of 20. Most of the recommends are a Hold. The 12 month price consensus is $8.84 US$ or $11.21 CDN$. This implies a total return of 0.66% all from capital gains.
Joey Frenette of Motley Fool thinks that the turnaround for this company is real, but it will take some time. Tom Taulli at Investor Place gives 3 reasons against the bullish case for this company. Alan Innes on Learn Bonds talks about Goldman Sachs starting coverage of this company with a Sell and the consequences of this. See what analysts are saying at Stock Chase. Their views are quite mixed.
BlackBerry Limited provides mobile communications solutions. The Company is engaged in the sale of smartphones and enterprise software and services. Based in Waterloo, Ontario, BlackBerry operates offices in North America, Europe, Middle East and Africa, Asia-Pacific, and Latin America. Its web site is here BlackBerry Ltd.
The last stock I wrote about was about was EnerCare Inc. (TSX-ECI, OTC-CSUWF)... learn more. The next stock I will write about will be ONEX Corp. (TSX-OCX, OTC-ONEXF)... learn more on Friday, August 18, 2017 around 9 am. Tomorrow on my other blog I will write about Liquidity Ratio... learn more on Thursday, August 17, 2017 around 5 pm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
I do not own this stock of BlackBerry Ltd. (TSX-BB, NASDAQ-BBRY), but I used to. I always liked tech stocks and this was a fast rising tech stock when I bought it. I made money because I had bought and sold it before it peaked in 2010. I do not tend to hold tech stocks for the long term.
One thing that is noticeable is the amount of stock options John Chen, the Chairman and CEO has. Currently his options are 1.83% of the market cap. This is down from 2.51% he used to own but it is still quite high. John Chen now owns shares worth $21M CDN$. Prior to this year his ownership was under $1M CDN$. This may be a buy signal in itself.
When I look at my spreadsheet all I see is red. I think that whether John Chen can turn this company around or not is still up in the air. A lot of analysts think that John Chen will turn the company around, but it has not started to turn yet.
The only positive I see is the debt ratios. The Long Term Debt/Market Cap Ratio is very low at 0.16 for 2017. The Liquidity Ratio and Debt Ratios at 2.79 and 2.71 for 2017 are very good where I like them to be at 1.50 and above. The Leverage and Debt/Equity Ratios are also quite good at 1.59 and 0.59 respectively. This means that the company is still viable. Financial year ends in February of each year.
Because of the last 5 years have had negative earnings, Price/Earnings Ratios for the past 5 and 10 years are not viable measures. However, the historical ones are. The low, median and high median historical Price/Earnings per Share Ratios are 10.13, 18.09 and 30.32. The current P/E Ratio is 17.92 based on a stock price of $11.14 CDN$ and 2018 EPS estimate of $0.62 CDN$ ($0.49US$). This stock price testing suggests that the stock price is relatively reasonable and below the median.
The current Graham Price is $8.49 CDN$. The 10 year low, median and high median Price/Graham Price Ratios are 0.89, 1.25 and 1.59 CDN$. The current P/GP Ratio is 1.31 based on a stock price of $11.14 CDN$. This stock price testing suggests that the stock price is relatively reasonable but above the median.
The 10 year median Price/Book Value per Share Ratio is 1.91. The current P/B Ratio is 1.70 based on Book Value of $2,738M US$, Book Value per Share of $5.15 US$ and Stock Price of $8.78 US$. The current P/B Ratio is some 11% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable and below the median. You would get a similar results using CDN$ values.
The 10 year median Price/Sales (Revenue) Ratio is 1.80 US$. The current P/S Ratio is 4.59 US$ based on 2018 Revenue Estimate of 1,016M US$, 2018 Revenue per Share estimate of $1.91 US$ and a stock price of $8.78 US$. The current ratio is 156% higher than the 10 year median ratio. This stock price testing suggests that the stock price is relatively expensive. You would get a similar results using CDN$ values.
There are still a number of analysts following this stock. When I look at analysts' recommendations, I find Buy, Hold and Underperform recommendations. There is only one buy out of 20. Most of the recommends are a Hold. The 12 month price consensus is $8.84 US$ or $11.21 CDN$. This implies a total return of 0.66% all from capital gains.
Joey Frenette of Motley Fool thinks that the turnaround for this company is real, but it will take some time. Tom Taulli at Investor Place gives 3 reasons against the bullish case for this company. Alan Innes on Learn Bonds talks about Goldman Sachs starting coverage of this company with a Sell and the consequences of this. See what analysts are saying at Stock Chase. Their views are quite mixed.
BlackBerry Limited provides mobile communications solutions. The Company is engaged in the sale of smartphones and enterprise software and services. Based in Waterloo, Ontario, BlackBerry operates offices in North America, Europe, Middle East and Africa, Asia-Pacific, and Latin America. Its web site is here BlackBerry Ltd.
The last stock I wrote about was about was EnerCare Inc. (TSX-ECI, OTC-CSUWF)... learn more. The next stock I will write about will be ONEX Corp. (TSX-OCX, OTC-ONEXF)... learn more on Friday, August 18, 2017 around 9 am. Tomorrow on my other blog I will write about Liquidity Ratio... learn more on Thursday, August 17, 2017 around 5 pm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Monday, August 14, 2017
EnerCare Inc.
Sound bite for Twitter and StockTwits is: Dividend growth utility. Price seems to be coming up in the relatively reasonable category. This would not be my first choice as a utility stock. I do not like the low Liquidity Ratio and the high Dividend Payout Ratios. I think it is overvalued judging by the high P/GP Ratio. See my spreadsheet on EnerCare Inc.
I do not own this stock of EnerCare Inc. (TSX-ECI, OTC-CSUWF). I started to follow this stock in 2009 when it was an income trust. This was one of a few income trusts that I followed because it was recommended by MPL communications.
What I do not like is the debt ratios and especially, the Liquidity Ratio. Bad debt ratios help a company get into trouble in bad times. There are always going to be bad times. The Liquidity Ratio for 2016 is 0.43. If this is not 1.00, then current assets cannot cover current liabilities. If you add in cash flow after dividends it is only 0.57. If you add back in the current portion of the long term debt, it is 0.86. If you then add back in the cash flow after dividends it reaches just 1.15. I like this ratio to be at least 1.50 or higher for safety's sake.
They have restarted dividend increases in 2015. That first increase was for 22.8%. Later increases were lower with the latest one in 2017 at 3.9%. The dividend increases for the past 5 year is at 6.53% per year. The dividends have declined by 2.9% per year over the past 10 years.
As shown above the dividend increases are low over all increasing at just 6.5% per year lately. Dividends are good. The current dividend yield is 4.69%. This dividend yield is based on dividends of $0.96 and a stock price of $20.45. The 5 year median dividend yield is 5.70%.
Another thing I do not like is that the Dividend Payout Ratio is still too high. Yes, it used to be an income trust and they could spend more on dividends than the EPS. However, it is not an income trust anymore. It must get its Dividend Payout Ratio for EPS under control. The DPR for EPS for 2016 was 143% with 5 year coverage of 234%. This is far too high. Analysts expect that they will be able to have a DPR under 100% in 2019. However, you cannot really trust analyst estimates that far out. They cut the dividend by 50% in 2009. This was obviously not enough.
The Dividend Payout Ratio for CFPS is also too high. The one for 2016 is 50.8%. The 5 year coverage is 42%. The 5 year coverage is not too bad as generally it is thought that the DPR for CFPS should be 40% or less.
The 5 year low, median and high median Price/Earnings per Share Ratios are 23.84, 27.80 and 31.76. The corresponding 10 year ratios are 25.89, 33.14 and 42.63. The historical ones are 27.94, 34.44 and 39.57. To me these seem quite high for a utility stock. The current P/E Ratio is 35.26 based on a stock price of $20.45 and 2017 EPS of $0.58. This stock price testing suggests that the stock price is relatively reasonable but above the median.
I get a Graham Price of $8.63. The low, median and high median Price/Graham Price Ratios are 1.87, 2.18 and 2.72. The current P/GP Price is 2.37 based on a stock price of $20.45. These are also very high ratios for a utility stock. This stock price testing suggests that the stock price is reasonable, but above the median.
The 10 year median Price/Book Value per Share Ratio is 3.03. The current P/B Ratio is 3.58 based on a stock price of $20.45, Book Value of $954.M and BVPS of $5.71. The current P/B Ratio is some 18% above the 10 year median ratio. The stock price testing suggests that the stock price is reasonable, but above the median. For the price to be relatively expensive, the current P/B Ratio would have to be 20% above the 10 year median ratio.
Because this used to be an income trust company, the dividend yield tests do not work as well as for other companies. The 5 year median dividend yield is 5.70%. The median dividend yield since 2011 is 6.53%. The current dividend yield is 4.69% a value some 17% below the 5 year median. The current dividend yield is 28% lower than the median dividend yield since 2011. This stock price testing suggests that the stock price is relatively expensive.
The 10 year median Price/Sales (or Revenue) Ratio is 1.93. The current P/S Ratio is 1.68 based on a stock price of $20.45 and 2017 Revenue estimate of $1,267M and Revenue per Share at $7.44. The current P/S ratio is some 13% lower than the 10 year median. This stock price testing suggests that the stock price is relatively reasonable and below the median.
When I look at analysts' recommendations, I find Buy and Hold recommendations. Most are Buy recommendations and the consensus recommendation would be a Buy. The 12 month stock price is $24.42. This implies a total return of 24.11% with 19.41% from capital gains and 4.69% from dividends.
Chris MacDonald of Motley Fool likes this stock because it is boring and has a high dividend yield. Sarah Dixon on Clayton News Review says this company has a Return on Equity of 10.26%, Return on Invested Capital of 3.31% and Return on Assets of 2.81%. Ploutos Investing on Seeking Alpha likes this stock and is invested in it. See what analysts are saying about this stock on Stock Chase. They mostly like the company.
EnerCare Inc. owns a portfolio of waterheaters and other portfolio assets, which they rent to primarily residential customers. They rent out waterheaters in the GTA and southern Ontario. EnerCare also owns EnerCare Connections Inc., a leading sub-metering company, with metering contracts for condominium and apartment suites in Ontario, Alberta and elsewhere in Canada. Its web site is here EnerCare Inc.
The last stock I wrote about was about was Newfoundland Capital Corp. (TSX-NCC, OTC-none)... learn more. The next stock I will write about will be BlackBerry Ltd. (TSX-BB, NASDAQ-BBRY)... learn more on Wednesday, August 16, 2017 around 5 pm. Tomorrow on my other blog I will write about The West... learn more on Tuesday, August 15, 2017 around 5 pm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
I do not own this stock of EnerCare Inc. (TSX-ECI, OTC-CSUWF). I started to follow this stock in 2009 when it was an income trust. This was one of a few income trusts that I followed because it was recommended by MPL communications.
What I do not like is the debt ratios and especially, the Liquidity Ratio. Bad debt ratios help a company get into trouble in bad times. There are always going to be bad times. The Liquidity Ratio for 2016 is 0.43. If this is not 1.00, then current assets cannot cover current liabilities. If you add in cash flow after dividends it is only 0.57. If you add back in the current portion of the long term debt, it is 0.86. If you then add back in the cash flow after dividends it reaches just 1.15. I like this ratio to be at least 1.50 or higher for safety's sake.
They have restarted dividend increases in 2015. That first increase was for 22.8%. Later increases were lower with the latest one in 2017 at 3.9%. The dividend increases for the past 5 year is at 6.53% per year. The dividends have declined by 2.9% per year over the past 10 years.
As shown above the dividend increases are low over all increasing at just 6.5% per year lately. Dividends are good. The current dividend yield is 4.69%. This dividend yield is based on dividends of $0.96 and a stock price of $20.45. The 5 year median dividend yield is 5.70%.
Another thing I do not like is that the Dividend Payout Ratio is still too high. Yes, it used to be an income trust and they could spend more on dividends than the EPS. However, it is not an income trust anymore. It must get its Dividend Payout Ratio for EPS under control. The DPR for EPS for 2016 was 143% with 5 year coverage of 234%. This is far too high. Analysts expect that they will be able to have a DPR under 100% in 2019. However, you cannot really trust analyst estimates that far out. They cut the dividend by 50% in 2009. This was obviously not enough.
The Dividend Payout Ratio for CFPS is also too high. The one for 2016 is 50.8%. The 5 year coverage is 42%. The 5 year coverage is not too bad as generally it is thought that the DPR for CFPS should be 40% or less.
The 5 year low, median and high median Price/Earnings per Share Ratios are 23.84, 27.80 and 31.76. The corresponding 10 year ratios are 25.89, 33.14 and 42.63. The historical ones are 27.94, 34.44 and 39.57. To me these seem quite high for a utility stock. The current P/E Ratio is 35.26 based on a stock price of $20.45 and 2017 EPS of $0.58. This stock price testing suggests that the stock price is relatively reasonable but above the median.
I get a Graham Price of $8.63. The low, median and high median Price/Graham Price Ratios are 1.87, 2.18 and 2.72. The current P/GP Price is 2.37 based on a stock price of $20.45. These are also very high ratios for a utility stock. This stock price testing suggests that the stock price is reasonable, but above the median.
The 10 year median Price/Book Value per Share Ratio is 3.03. The current P/B Ratio is 3.58 based on a stock price of $20.45, Book Value of $954.M and BVPS of $5.71. The current P/B Ratio is some 18% above the 10 year median ratio. The stock price testing suggests that the stock price is reasonable, but above the median. For the price to be relatively expensive, the current P/B Ratio would have to be 20% above the 10 year median ratio.
Because this used to be an income trust company, the dividend yield tests do not work as well as for other companies. The 5 year median dividend yield is 5.70%. The median dividend yield since 2011 is 6.53%. The current dividend yield is 4.69% a value some 17% below the 5 year median. The current dividend yield is 28% lower than the median dividend yield since 2011. This stock price testing suggests that the stock price is relatively expensive.
The 10 year median Price/Sales (or Revenue) Ratio is 1.93. The current P/S Ratio is 1.68 based on a stock price of $20.45 and 2017 Revenue estimate of $1,267M and Revenue per Share at $7.44. The current P/S ratio is some 13% lower than the 10 year median. This stock price testing suggests that the stock price is relatively reasonable and below the median.
When I look at analysts' recommendations, I find Buy and Hold recommendations. Most are Buy recommendations and the consensus recommendation would be a Buy. The 12 month stock price is $24.42. This implies a total return of 24.11% with 19.41% from capital gains and 4.69% from dividends.
Chris MacDonald of Motley Fool likes this stock because it is boring and has a high dividend yield. Sarah Dixon on Clayton News Review says this company has a Return on Equity of 10.26%, Return on Invested Capital of 3.31% and Return on Assets of 2.81%. Ploutos Investing on Seeking Alpha likes this stock and is invested in it. See what analysts are saying about this stock on Stock Chase. They mostly like the company.
EnerCare Inc. owns a portfolio of waterheaters and other portfolio assets, which they rent to primarily residential customers. They rent out waterheaters in the GTA and southern Ontario. EnerCare also owns EnerCare Connections Inc., a leading sub-metering company, with metering contracts for condominium and apartment suites in Ontario, Alberta and elsewhere in Canada. Its web site is here EnerCare Inc.
The last stock I wrote about was about was Newfoundland Capital Corp. (TSX-NCC, OTC-none)... learn more. The next stock I will write about will be BlackBerry Ltd. (TSX-BB, NASDAQ-BBRY)... learn more on Wednesday, August 16, 2017 around 5 pm. Tomorrow on my other blog I will write about The West... learn more on Tuesday, August 15, 2017 around 5 pm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Friday, August 11, 2017
Newfoundland Capital Corp
Second Quarter results are to be announced August 10. This report is available today. Revenue has declined again as but EPS is up a bit. The 12 month period to the end of the first quarter saw EPS at $1.09 and it is now $1.10 to the end of the second quarter. Cash Flow from operations is also up when compared to the second quarter of 2016.
Sound bite for Twitter and StockTwits is: Dividend growth consumer. This is a rather small cap company with in consistent dividends. It would not be my first choice as an investment. See my spreadsheet on Newfoundland Capital Corp.
I do not own this stock of Newfoundland Capital Corp. (TSX-NCC.A, OTC-none). I started to follow this stock as it was suggested as a decent dividend paying stock for investment purposes in the latter part of 2009. It is not on any dividend lists that I follow so I took a look at it.
This is a small cap stocks that analysts seem to no longer follow. The main question is, would investors be able to make money on this stock over the longer term. I think that the answer to that is yes. The worst showing is over the past 5 years.
The total return over the past 5, 10, 15 and 20 years is 5.96%, 7.10%, 10.34% and 33.68% per year. Why the total return for the 10 years is so high is that there was a big special dividend paid in 1998. Without this dividend the total return would have been 14.28% per year.
The portion of the total return over the past 5, 10, 15 and 20 years to dividends is 1.82%, 1.76%, 1.75% and 21.80%. Without that big special dividend the portion of the 20 year total return to dividends would be 3.94%. The portion of the total return over the past 5, 10, 15 and 10 years to capital gain was 4.14%, 5.34%, 8.60% and 11.88%.
The thing with dividends is that they have been inconsistent. They started to pay dividends in 1997. Since then there were 5 years with no dividends as dividends were suspended. There are lots of years with no dividend increases. Dividend increases tend to be good when made.
Dividends are also paid semi-annually. In lots of years, the second dividend paid is lower than the first one. A shareholder would not know what the dividends are going to be until they are actually declared. I think that a good dividend paying stock has consistency. This stock has none when it comes to dividends.
If you had a portfolio of other stocks with consistency with dividends, it might be fine to have this one that is inconsistent, especially if you are building your portfolio. This stock might also be worth to hold if the dividend yield was very good, but dividend yields on this stock are low with the historical median at just 1.54%.
The 5 year low, median and high median Price/Earnings per Share Ratios are 10.56, 12.69 and 14.81. The corresponding 10 year values are 10.09, 11.84 and 14.06. The historical values are 13.56, 15.86 and 19.07. It is interesting that the historical ratios are the highest, but then the company used to do better in the past. The current P/E Ratio is 10.00 based on a stock price of $11.00 and 12 month EPS to the end of the first quarter of $1.10. This stock price testing suggests that the stock price is relatively cheap.
I get a Graham Price of $12.56. The 10 year low, median and high median Price/Graham Price Ratios are 0.99, 1.15 and 1.33. The current P/GP Ratio is 0.88 based on a stock price of $11.00. This stock price testing suggests that the stock price is relatively cheap.
I get a 10 year median Price/Book Value of 2.02. The current P/B Ratio is 1.82 based on Book Value per Share of $154M, BVPS of $6.03 and a stock price of $11.00. The current P/B Ratio is 9.7% lower than the 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable and below the median.
The historical median dividend yield is 1.54%. The current dividend yield at 1.82% is some 18% higher. The current dividend yield is based on dividend of $.20 and a stock price of $11.00. This stock price testing suggests that the stock price is relatively reasonable and below the median.
One problem with dividends on this stock is that they are semi-annual and are only known when declared. The first dividend was for $0.10, but often the company has put the second one lower. In 2016, the second dividend was higher than the first, but this is unusual for this stock. I do not think, from past history that you can be assured that the September dividend will be $0.10.
Dane Simmons on Simply Wall Street says that EPS has grown by 22.91% over the past year. He says he is using 12 month trailing EPS. I do see how he is getting his figures from. According to their first quarterly report EPS are $0.11 in the first quarter of 2017and this is down from $0.16 in the first quarter of 2016. However, EPS for 2017 is at $1.14 compared to 2016 of $0.81 and this is an increase of 40.9%.
The 12 month trailing EPS to the end of the first quarter of 2016 is $0.99 and the 12 month trailing EPS to the end of the first quarter of 2017 is $1.09 and increase of only 10%. Growth in EPS over past 5 years is indeed lower at 6.55% per year. The change in EPS since 2012 is down 58%, up 157%, down 58%, up 113% and up 41%. This is rather inconsistent and does not to be show a trend that I like.
Highlights from the first quarterly report of 2017 is on Cision.
I cannot find any analyst that is currently following this stock. Some analysts did follow it is the past but they have not for at least the past 2 year.
Newfoundland Capital Corporation Limited also owns and operates Newcap Radio. Newcap Radio is one of Canada's leading radio broadcasters with 79 licenses across Canada. The Company reaches millions of listeners each week through a variety of formats and is a recognized industry leader in radio programming, sales and networking. Its web site is here Newfoundland Capital Corp.
The last stock I wrote about was about was Loblaw Companies Ltd. (TSX-L, OTC-LBLCF)... learn more. The next stock I will write about will be EnerCare Inc. (TSX-ECI, OTC-CSUWF)... learn more on Monday, August 14, 2017 around 5 pm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Sound bite for Twitter and StockTwits is: Dividend growth consumer. This is a rather small cap company with in consistent dividends. It would not be my first choice as an investment. See my spreadsheet on Newfoundland Capital Corp.
I do not own this stock of Newfoundland Capital Corp. (TSX-NCC.A, OTC-none). I started to follow this stock as it was suggested as a decent dividend paying stock for investment purposes in the latter part of 2009. It is not on any dividend lists that I follow so I took a look at it.
This is a small cap stocks that analysts seem to no longer follow. The main question is, would investors be able to make money on this stock over the longer term. I think that the answer to that is yes. The worst showing is over the past 5 years.
The total return over the past 5, 10, 15 and 20 years is 5.96%, 7.10%, 10.34% and 33.68% per year. Why the total return for the 10 years is so high is that there was a big special dividend paid in 1998. Without this dividend the total return would have been 14.28% per year.
The portion of the total return over the past 5, 10, 15 and 20 years to dividends is 1.82%, 1.76%, 1.75% and 21.80%. Without that big special dividend the portion of the 20 year total return to dividends would be 3.94%. The portion of the total return over the past 5, 10, 15 and 10 years to capital gain was 4.14%, 5.34%, 8.60% and 11.88%.
The thing with dividends is that they have been inconsistent. They started to pay dividends in 1997. Since then there were 5 years with no dividends as dividends were suspended. There are lots of years with no dividend increases. Dividend increases tend to be good when made.
Dividends are also paid semi-annually. In lots of years, the second dividend paid is lower than the first one. A shareholder would not know what the dividends are going to be until they are actually declared. I think that a good dividend paying stock has consistency. This stock has none when it comes to dividends.
If you had a portfolio of other stocks with consistency with dividends, it might be fine to have this one that is inconsistent, especially if you are building your portfolio. This stock might also be worth to hold if the dividend yield was very good, but dividend yields on this stock are low with the historical median at just 1.54%.
The 5 year low, median and high median Price/Earnings per Share Ratios are 10.56, 12.69 and 14.81. The corresponding 10 year values are 10.09, 11.84 and 14.06. The historical values are 13.56, 15.86 and 19.07. It is interesting that the historical ratios are the highest, but then the company used to do better in the past. The current P/E Ratio is 10.00 based on a stock price of $11.00 and 12 month EPS to the end of the first quarter of $1.10. This stock price testing suggests that the stock price is relatively cheap.
I get a Graham Price of $12.56. The 10 year low, median and high median Price/Graham Price Ratios are 0.99, 1.15 and 1.33. The current P/GP Ratio is 0.88 based on a stock price of $11.00. This stock price testing suggests that the stock price is relatively cheap.
I get a 10 year median Price/Book Value of 2.02. The current P/B Ratio is 1.82 based on Book Value per Share of $154M, BVPS of $6.03 and a stock price of $11.00. The current P/B Ratio is 9.7% lower than the 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable and below the median.
The historical median dividend yield is 1.54%. The current dividend yield at 1.82% is some 18% higher. The current dividend yield is based on dividend of $.20 and a stock price of $11.00. This stock price testing suggests that the stock price is relatively reasonable and below the median.
One problem with dividends on this stock is that they are semi-annual and are only known when declared. The first dividend was for $0.10, but often the company has put the second one lower. In 2016, the second dividend was higher than the first, but this is unusual for this stock. I do not think, from past history that you can be assured that the September dividend will be $0.10.
Dane Simmons on Simply Wall Street says that EPS has grown by 22.91% over the past year. He says he is using 12 month trailing EPS. I do see how he is getting his figures from. According to their first quarterly report EPS are $0.11 in the first quarter of 2017and this is down from $0.16 in the first quarter of 2016. However, EPS for 2017 is at $1.14 compared to 2016 of $0.81 and this is an increase of 40.9%.
The 12 month trailing EPS to the end of the first quarter of 2016 is $0.99 and the 12 month trailing EPS to the end of the first quarter of 2017 is $1.09 and increase of only 10%. Growth in EPS over past 5 years is indeed lower at 6.55% per year. The change in EPS since 2012 is down 58%, up 157%, down 58%, up 113% and up 41%. This is rather inconsistent and does not to be show a trend that I like.
Highlights from the first quarterly report of 2017 is on Cision.
I cannot find any analyst that is currently following this stock. Some analysts did follow it is the past but they have not for at least the past 2 year.
Newfoundland Capital Corporation Limited also owns and operates Newcap Radio. Newcap Radio is one of Canada's leading radio broadcasters with 79 licenses across Canada. The Company reaches millions of listeners each week through a variety of formats and is a recognized industry leader in radio programming, sales and networking. Its web site is here Newfoundland Capital Corp.
The last stock I wrote about was about was Loblaw Companies Ltd. (TSX-L, OTC-LBLCF)... learn more. The next stock I will write about will be EnerCare Inc. (TSX-ECI, OTC-CSUWF)... learn more on Monday, August 14, 2017 around 5 pm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Wednesday, August 9, 2017
Loblaw Companies Ltd
Sound bite for Twitter and StockTwits is: Dividend growth consumer. I will continue to do most of my shopping at Loblaws, but I will also continue to hold the Metro Inc. stocks rather than getting any Loblaw stock. See my spreadsheet on Loblaw Companies Ltd.
I do not own this stock of Loblaw Companies Ltd. (TSX-L, OTC-LBLCF). I owned it from 1996 to 2007. It was originally a great stock. I sold it in 2007 because it was having problems with its tech upgrade to its supply system and it did not seem that it would be fixed anytime soon.
Let's face it, I do like shopping at Loblaw's stores and I certainly like getting free groceries. However, they have never really fixed their supply chain IT. I go to Metro sometimes and when they run out of stuff, they get more the next day. With Loblaw it can be a week or more. This has been going on a very long time.
Well, at least Loblaw is back to earnings money and they restarted dividend increases in 2012. However, both the dividend yield and dividend increases are quite low. The current dividend yield is 1.59% and the 5 and 10 year growth is at 4.12% and 2.1% per year. The last increase was in 2017 and it was for 3.8%. The Dividend Payout Ratio is 43.5% in 2016 with 5 year coverage of 56%.
Looking at Metro Inc. (TSX-MRU, OTC-MTRAF) I find a dividend yield of 1.62% with dividend growth of 17.3% and 14.5% per year over the past 5 and 10 years. The last increase was in 2017 and it was for 16.1%. The Dividend Payout Ratio is 22.46%% in 2016 with 5 year coverage of 19.3%. I think these facts covers real difference between Metro and Loblaw.
The debt ratios for Loblaw are fine. Return on Equity is rather low with ROE above 10% only once in the past 5 years and twice in the past 10 years. The ROE for 2016 is 7.5% with a 5 year median of 7.5% also. The ROE on comprehensive income is a bit higher with the ROE for 2016 at 7.9% and the 5 year median also at 7.9%. (Bye the way, the ROE for 2016 for Metro was 21.3% with a 5 year median of 19.1%.
The 5 year low, median and high median Price/Earnings per Share Ratios are 26.28, 28.80 and 31.32. The corresponding 10 year values are 15.87, 18.25 and 20.63. The historical ones are 16.84, 19.10 and 21.19. The reason the 5 year values are so high as the EPS dropped in 2015 and P/E Ratio shot up to as high as 516. Yes, that is correct to a value over 500. The current P/E Ratio is 15.44. This is based on a stock price of $68.10 and 2017 EPS of $4.41. This stock price testing suggests that the stock price is relatively cheap.
I get a Graham Price of $56.38. The 10 year low, median and high median Price/Graham Price Ratios are 1.05, 1.18 and 1.33. The current P/GP Ratio is 1.21 based on a stock price of $68.10. This stock price testing suggests that the stock price is relatively reasonable but above the median.
I get a 10 year median Price/Book Value per Share Ratio of 1.74. The current P/B Ratio is 2.13 a values some 22% higher. The current P/B Ratio is based on Book Value of $12,664M, BVPS of $32.04 and a stock price of $68.10. This stock price testing suggests that the stock price is relatively expensive.
I get an historical median dividend yield of 1.21%. The current dividend yield is 1.59% based on a stock price of $68.10 and dividends of $1.08. The current dividend yield is some 31% above the historical median. This stock price testing suggests that the stock price is relatively cheap.
When I look at analysts' recommendations, I find Buy and Hold recommendations. Most are Buy recommendations and the consensus is a Buy recommendation. The 12 month consensus stock price is $79.55. This implies a total return of 18.40% with 16.81% from capital gains and 1.59% from dividends based on a current price of $68.10.
In this BNN article from Arathy S Nair of the Canadian Press Loblaws says it anticipates competition between supermarket chains will be fierce this year as food prices continue to stay low. Stephanie Bedard-Chateauneuf of Motley Fool says this company is not a buy currently. Ryan Goldsman of Motley Fool compares Metro and Loblaw companies. See what analysts are saying about this stock on Stock Chase.
Loblaw Companies Limited, a subsidiary of George Weston Limited, is Canada's largest food retailer and a leading provider of drugstore, general merchandise and financial products and services. Loblaw offers Canada's strongest control (private) label program, including the unique President's Choice, no name and Joe Fresh brands. In addition, the Company makes available to consumers President's Choice financial services and offers the PC point loyalty program. Its web site is here Loblaw Companies Ltd.
The last stock I wrote about was about was Ballard Power Systems Inc. (TSX-BLDP, NASDAQ-BLDP)... learn more. The next stock I will write about will be Newfoundland Capital Corp. (TSX-NCC, OTC-none)... learn more on Friday, August 11, 2017 around 5 pm. Tomorrow on my other blog I will write about Volatility... learn more on Thursday, August 10, 2017 around 5 pm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
I do not own this stock of Loblaw Companies Ltd. (TSX-L, OTC-LBLCF). I owned it from 1996 to 2007. It was originally a great stock. I sold it in 2007 because it was having problems with its tech upgrade to its supply system and it did not seem that it would be fixed anytime soon.
Let's face it, I do like shopping at Loblaw's stores and I certainly like getting free groceries. However, they have never really fixed their supply chain IT. I go to Metro sometimes and when they run out of stuff, they get more the next day. With Loblaw it can be a week or more. This has been going on a very long time.
Well, at least Loblaw is back to earnings money and they restarted dividend increases in 2012. However, both the dividend yield and dividend increases are quite low. The current dividend yield is 1.59% and the 5 and 10 year growth is at 4.12% and 2.1% per year. The last increase was in 2017 and it was for 3.8%. The Dividend Payout Ratio is 43.5% in 2016 with 5 year coverage of 56%.
Looking at Metro Inc. (TSX-MRU, OTC-MTRAF) I find a dividend yield of 1.62% with dividend growth of 17.3% and 14.5% per year over the past 5 and 10 years. The last increase was in 2017 and it was for 16.1%. The Dividend Payout Ratio is 22.46%% in 2016 with 5 year coverage of 19.3%. I think these facts covers real difference between Metro and Loblaw.
The debt ratios for Loblaw are fine. Return on Equity is rather low with ROE above 10% only once in the past 5 years and twice in the past 10 years. The ROE for 2016 is 7.5% with a 5 year median of 7.5% also. The ROE on comprehensive income is a bit higher with the ROE for 2016 at 7.9% and the 5 year median also at 7.9%. (Bye the way, the ROE for 2016 for Metro was 21.3% with a 5 year median of 19.1%.
The 5 year low, median and high median Price/Earnings per Share Ratios are 26.28, 28.80 and 31.32. The corresponding 10 year values are 15.87, 18.25 and 20.63. The historical ones are 16.84, 19.10 and 21.19. The reason the 5 year values are so high as the EPS dropped in 2015 and P/E Ratio shot up to as high as 516. Yes, that is correct to a value over 500. The current P/E Ratio is 15.44. This is based on a stock price of $68.10 and 2017 EPS of $4.41. This stock price testing suggests that the stock price is relatively cheap.
I get a Graham Price of $56.38. The 10 year low, median and high median Price/Graham Price Ratios are 1.05, 1.18 and 1.33. The current P/GP Ratio is 1.21 based on a stock price of $68.10. This stock price testing suggests that the stock price is relatively reasonable but above the median.
I get a 10 year median Price/Book Value per Share Ratio of 1.74. The current P/B Ratio is 2.13 a values some 22% higher. The current P/B Ratio is based on Book Value of $12,664M, BVPS of $32.04 and a stock price of $68.10. This stock price testing suggests that the stock price is relatively expensive.
I get an historical median dividend yield of 1.21%. The current dividend yield is 1.59% based on a stock price of $68.10 and dividends of $1.08. The current dividend yield is some 31% above the historical median. This stock price testing suggests that the stock price is relatively cheap.
When I look at analysts' recommendations, I find Buy and Hold recommendations. Most are Buy recommendations and the consensus is a Buy recommendation. The 12 month consensus stock price is $79.55. This implies a total return of 18.40% with 16.81% from capital gains and 1.59% from dividends based on a current price of $68.10.
In this BNN article from Arathy S Nair of the Canadian Press Loblaws says it anticipates competition between supermarket chains will be fierce this year as food prices continue to stay low. Stephanie Bedard-Chateauneuf of Motley Fool says this company is not a buy currently. Ryan Goldsman of Motley Fool compares Metro and Loblaw companies. See what analysts are saying about this stock on Stock Chase.
Loblaw Companies Limited, a subsidiary of George Weston Limited, is Canada's largest food retailer and a leading provider of drugstore, general merchandise and financial products and services. Loblaw offers Canada's strongest control (private) label program, including the unique President's Choice, no name and Joe Fresh brands. In addition, the Company makes available to consumers President's Choice financial services and offers the PC point loyalty program. Its web site is here Loblaw Companies Ltd.
The last stock I wrote about was about was Ballard Power Systems Inc. (TSX-BLDP, NASDAQ-BLDP)... learn more. The next stock I will write about will be Newfoundland Capital Corp. (TSX-NCC, OTC-none)... learn more on Friday, August 11, 2017 around 5 pm. Tomorrow on my other blog I will write about Volatility... learn more on Thursday, August 10, 2017 around 5 pm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Tuesday, August 8, 2017
Ballard Power Systems Inc.
Sound bite for Twitter and StockTwits is: Clean energy stock. There does not seem to be any way to value this stock. It is not making any money. It does not even have momentum currently. It has been declining since hitting a peak in April of this year. See my spreadsheet on Ballard Power Systems Inc.
I do not own this stock of Ballard Power Systems Inc. (TSX-BLDP, NASDAQ-BLDP), but I used to. Back in 1997, I read about Ballard and fell in love with the idea of cars running with fuel cells. I could help save the environment and also make some money. It was very attractive. I sold this stock in 2006 because it had lost its attraction. It did not seem that Ballard fuel cells would be in any car anytime soon.
I was ahead in 2000, but the stock started to fall in October 2000 and never recovered. If I had kept to today, I would have lost some 78% of my investment. The stock hit a low in 2012 and has recovered from there. That is why the 5 year total return is 15.08% per year and the 10 year total return is at a negative 10.40% per year. All the returns are capital gains as the company pays no dividends.
For this spreadsheet, any green shows results that are less bad. For example, the growth for EPS over the past 5 and 10 years are 20.13% and 22.20% per year. However for the 5 years, the EPS went from a loss of $0.40 to a loss of $0.13. The 10 years was a loss of $1.60 to a loss of $0.13. They loss is less now, but to me the EPS is just less bad.
I cannot do a price check using Price/Earnings per Share Ratios. Most past P/E Ratios are negative. There is no check using dividends yield as there has never been dividends.
The closes I can get to a current Graham Price is on of $0.70 CDN$. The 10 year low, median and high median Price/Graham Price Ratios are 0.32, 0.59 and 0.90. The current P/GP Ratio is 5.26 based on a stock price of $3.68 CDN$. This stock price testing suggests that the stock is relatively expensive. However, there is a problem coming up with a Graham price.
The 10 year median Price/Book Value per Share Ratio is 1.88 US$. This is a rather normal value for this ratio. The current P/B Ratio is 4.27. This is a very high value for this ratio. The current P/B Ratio is based on Book Value of $120M US$, BVPS of $0.68 US$ and a stock price of $2.91 US$. The current ratio is some 126% above the 10 year median ratio. This stock price testing suggests that the stock is relatively expensive. Of course the problem is that Book Value is dropping. The BVPS has dropped 8% per year over the past 5 years by 18% per year over the past 10 years.
The 10 year median Price/Sales (Revenue) Ratio is 3.06 US$. The current P/S Ratio is 4.75 based on a stock price of $2.91 US$, 2017 Revenue estimate of $108M US$, and Revenue per Share of $0.61 US$. The current P/S Ratio is some 55% above the 10 year median P/S Ratio. This stock price testing suggests that the stock is relatively expensive.
There does not seem to be many analysts following this stock. There are 3 with one Buy recommendation and 2 Hold recommendations. The consensus recommendation would be a Hold. The 12 month stock price is $2.38 US$. This implies a loss of 18.26% and all capital loss.
Karen Thomas of Motley Fool likes this stock. It has done well over the very short term in capital gains returns. Sarah Dixon on Clayton News Review gives another and more technical review of this stock.
Ballard Power Systems, Inc. is a global leader in PEM (proton exchange membrane) fuel cell technology. They provide clean energy fuel cell products enabling optimized power systems for a range of applications. Ballard offers smarter solutions for a clean energy future. Its web site is here Ballard Power Systems Inc.
The last stock I wrote about was about was Savaria Corporation (TSX-SIS, OTC-SISXF)... learn more. The next stock I will write about will be Loblaw Companies Ltd. (TSX-L, OTC-LBLCF)... learn more on Wednesday, August 9, 2017 around 5 pm. Today on my other blog I will write about Dividend Changes... learn more on Tuesday, August 8, 2017 around 5 pm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
I do not own this stock of Ballard Power Systems Inc. (TSX-BLDP, NASDAQ-BLDP), but I used to. Back in 1997, I read about Ballard and fell in love with the idea of cars running with fuel cells. I could help save the environment and also make some money. It was very attractive. I sold this stock in 2006 because it had lost its attraction. It did not seem that Ballard fuel cells would be in any car anytime soon.
I was ahead in 2000, but the stock started to fall in October 2000 and never recovered. If I had kept to today, I would have lost some 78% of my investment. The stock hit a low in 2012 and has recovered from there. That is why the 5 year total return is 15.08% per year and the 10 year total return is at a negative 10.40% per year. All the returns are capital gains as the company pays no dividends.
For this spreadsheet, any green shows results that are less bad. For example, the growth for EPS over the past 5 and 10 years are 20.13% and 22.20% per year. However for the 5 years, the EPS went from a loss of $0.40 to a loss of $0.13. The 10 years was a loss of $1.60 to a loss of $0.13. They loss is less now, but to me the EPS is just less bad.
I cannot do a price check using Price/Earnings per Share Ratios. Most past P/E Ratios are negative. There is no check using dividends yield as there has never been dividends.
The closes I can get to a current Graham Price is on of $0.70 CDN$. The 10 year low, median and high median Price/Graham Price Ratios are 0.32, 0.59 and 0.90. The current P/GP Ratio is 5.26 based on a stock price of $3.68 CDN$. This stock price testing suggests that the stock is relatively expensive. However, there is a problem coming up with a Graham price.
The 10 year median Price/Book Value per Share Ratio is 1.88 US$. This is a rather normal value for this ratio. The current P/B Ratio is 4.27. This is a very high value for this ratio. The current P/B Ratio is based on Book Value of $120M US$, BVPS of $0.68 US$ and a stock price of $2.91 US$. The current ratio is some 126% above the 10 year median ratio. This stock price testing suggests that the stock is relatively expensive. Of course the problem is that Book Value is dropping. The BVPS has dropped 8% per year over the past 5 years by 18% per year over the past 10 years.
The 10 year median Price/Sales (Revenue) Ratio is 3.06 US$. The current P/S Ratio is 4.75 based on a stock price of $2.91 US$, 2017 Revenue estimate of $108M US$, and Revenue per Share of $0.61 US$. The current P/S Ratio is some 55% above the 10 year median P/S Ratio. This stock price testing suggests that the stock is relatively expensive.
There does not seem to be many analysts following this stock. There are 3 with one Buy recommendation and 2 Hold recommendations. The consensus recommendation would be a Hold. The 12 month stock price is $2.38 US$. This implies a loss of 18.26% and all capital loss.
Karen Thomas of Motley Fool likes this stock. It has done well over the very short term in capital gains returns. Sarah Dixon on Clayton News Review gives another and more technical review of this stock.
Ballard Power Systems, Inc. is a global leader in PEM (proton exchange membrane) fuel cell technology. They provide clean energy fuel cell products enabling optimized power systems for a range of applications. Ballard offers smarter solutions for a clean energy future. Its web site is here Ballard Power Systems Inc.
The last stock I wrote about was about was Savaria Corporation (TSX-SIS, OTC-SISXF)... learn more. The next stock I will write about will be Loblaw Companies Ltd. (TSX-L, OTC-LBLCF)... learn more on Wednesday, August 9, 2017 around 5 pm. Today on my other blog I will write about Dividend Changes... learn more on Tuesday, August 8, 2017 around 5 pm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Friday, August 4, 2017
Savaria Corporation
Sound bite for Twitter and StockTwits is: Dividend Growth Consumer. From what I see, the stock price on this company is very high. The price is relatively very high for this type of stock. I guess people see companies supplying things for the old as very profitable. See my spreadsheet on Savaria Corporation .
I do not own this stock of Savaria Corporation (TSX-SIS, OTC-SISXF). I got this stock off the Dividend Blogger site that no longer exists. I am always interested in dividend growth small cap stock. The first few years of accounting were rather confusing, but I think I figured them out in the end.
What I noticed doing the spreadsheet update is the lack of consistency, especially in dividends. Overall growth is good through. They have just gone up and down a lot. Also there have been a couple of special dividends. Overall the dividends have increase by 12.4% and 25.6% per year over the past 5 and 10 years.
Dividends are currently low, but they have been moderate to good in the past. The current dividend is just 1.74%. The 5, 10 and historical median dividend yields are 3.54%, 4.64% and 3.89%. The historical high is very high at over 12% and this was because the stock took a dive in 2008.
Currently they can afford their dividends. The Dividend Payout Ratio for EPS for 2016 is 63% with 5 year coverage of 74.7%. The DPR for EPS is expected to go lower in the future. They did have DPR for EPS over 100% in 2011 which caused them to cut the dividends some 33%.
The 2011 dividend cut is the third time they cut or suspended dividends and dividends have just been paid since 2001. They have had big dividend increases and big dividend cuts in the past. So, I would not count on them doing anything different in the future.
Debt ratios have also varied, but are generally quite good. The 2016 Liquidity Ratio is 3.39 with a 5 year median of 2.49. The 2016 Debt Ratio is 2.92 with a 5 year median of 2.04. There are good as what is normally thought of as decent ratios is those 1.50 and above. The 2016 Leverage and Debt/Equity Ratios are 1.52 and 0.52 respectively with 5 year medians of 2.03 and 1.03. They have little long term debt with Long Term Debt/Market Cap at 0.03.
The Return on Equity has varied a lot, but it has only been below 10% once in the past 5 years, but 4 times in the past 10 years. The 2016 ROE is 14.8% with a 5 year median of 17.5%. The Comprehensive Income ROE for 2016 is 20.2% with a 5 year ROE of 11.4%. The difference between the ROE on Net Income and Comprehensive Income has also varied a lot.
The 5 year low, median and high median Price/Earnings per Share Ratios are 14.26, 18.41 and 22.18. Corresponding 10 year values are 10.91, 15.40 and 19.40. The historical ones are 13.37, 17.29 and 20.63. The current P/E Ratio is 29.37 based on a stock price of $14.98 and 2017 EPS estimate of $0.51. This stock price testing suggests that the stock price is relatively expensive.
I get a Graham Price of $5.27. The 10 year low, median and high Price/Graham Price Ratios are 0.93, 1.17 and 1.42. The current P/GP Ratio is 2.84 based on a stock price of $14.98. This is a very high Price/GP Ratio for this sort of a company. This stock price testing suggests that the stock price is relatively expensive.
I get a 10 year median Price/Book Value per Share Ratio of 1.85. The current P/B Ratio is 6.18 based on Book Value of $91.6M, BV of $2.42 and a stock price of $14.98. The current P/B Ratio is some 234% above the 10 year median ratio. A P/B Ratio of 6.18 is very high for this sort of a company. This stock price testing suggests that the stock price is relatively expensive.
The historical dividend yield is 3.89%. The current dividend yield is 1.74% based on dividends of $0.26 and a stock price of $14.98. The current dividend yield is some 55% below the historical yield. This stock price testing suggests that the stock price is relatively expensive.
The 10 year median Price/Sales (Revenue) Ratio is 0.61. The current P/S Ratio is 3.01 based on 2017 Revenue estimate of $188M, Revenue per Share of 4.98 and a stock price of $14.98. The current P/S Ratio is some 397% above the 10 year median P/S Ratio. This stock price testing suggests that the stock price is relatively expensive.
There is a lot of insider selling with the percentage of insider selling to market cap at 0.32%. Normally this ratio is around 0.02%. INK shows selling mostly by directors, but since I review this stock last year both the CEO and CFO are holding fewer shares. The problem of with selling is that you never know why and it could be unconnected with how the company is doing.
When I look at analysts' recommendations, I find Strong Buy and Buy recommendations. There are only 5 analysts following this stock. The consensus recommendation would be a Buy. The 12 month target price is $16.80. This implies a total return of 13.89% with 1.74% from dividends and 12.15% from capital gains.
From the Investment Reporter there is a good report via Daily Buy Sell Advisor. The Investment Reporter also thinks that the stock is costly but might be suitable for aggressive investors. Marguerite Chambers on Finance News Daily talks about this company getting Buy ratings. Staff of Financial News Week give some technical analysis on this stock. See what analysts are saying about this stock on Stock Chase. They mostly like this company.
Savaria Corporation is North America's leader in the accessibility industry focused on meeting the needs of people with mobility challenges. Savaria designs, manufactures, installs and distributes primarily elevators for home and commercial use, as well as stairlifts and vertical and inclined platform lifts. In addition, it converts and adapts minivans to be wheelchair accessible. Its web site is here Savaria Corporation .
The last stock I wrote about was about was TECSYS Inc. (TSX-TCS, OTC-TCYSF)... learn more. The next stock I will write about will be Ballard Power Systems Inc. (TSX-BLDP, NASDAQ-BLDP)... learn more on Tuesday, August 8, 2017 around 5 pm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
I do not own this stock of Savaria Corporation (TSX-SIS, OTC-SISXF). I got this stock off the Dividend Blogger site that no longer exists. I am always interested in dividend growth small cap stock. The first few years of accounting were rather confusing, but I think I figured them out in the end.
What I noticed doing the spreadsheet update is the lack of consistency, especially in dividends. Overall growth is good through. They have just gone up and down a lot. Also there have been a couple of special dividends. Overall the dividends have increase by 12.4% and 25.6% per year over the past 5 and 10 years.
Dividends are currently low, but they have been moderate to good in the past. The current dividend is just 1.74%. The 5, 10 and historical median dividend yields are 3.54%, 4.64% and 3.89%. The historical high is very high at over 12% and this was because the stock took a dive in 2008.
Currently they can afford their dividends. The Dividend Payout Ratio for EPS for 2016 is 63% with 5 year coverage of 74.7%. The DPR for EPS is expected to go lower in the future. They did have DPR for EPS over 100% in 2011 which caused them to cut the dividends some 33%.
The 2011 dividend cut is the third time they cut or suspended dividends and dividends have just been paid since 2001. They have had big dividend increases and big dividend cuts in the past. So, I would not count on them doing anything different in the future.
Debt ratios have also varied, but are generally quite good. The 2016 Liquidity Ratio is 3.39 with a 5 year median of 2.49. The 2016 Debt Ratio is 2.92 with a 5 year median of 2.04. There are good as what is normally thought of as decent ratios is those 1.50 and above. The 2016 Leverage and Debt/Equity Ratios are 1.52 and 0.52 respectively with 5 year medians of 2.03 and 1.03. They have little long term debt with Long Term Debt/Market Cap at 0.03.
The Return on Equity has varied a lot, but it has only been below 10% once in the past 5 years, but 4 times in the past 10 years. The 2016 ROE is 14.8% with a 5 year median of 17.5%. The Comprehensive Income ROE for 2016 is 20.2% with a 5 year ROE of 11.4%. The difference between the ROE on Net Income and Comprehensive Income has also varied a lot.
The 5 year low, median and high median Price/Earnings per Share Ratios are 14.26, 18.41 and 22.18. Corresponding 10 year values are 10.91, 15.40 and 19.40. The historical ones are 13.37, 17.29 and 20.63. The current P/E Ratio is 29.37 based on a stock price of $14.98 and 2017 EPS estimate of $0.51. This stock price testing suggests that the stock price is relatively expensive.
I get a Graham Price of $5.27. The 10 year low, median and high Price/Graham Price Ratios are 0.93, 1.17 and 1.42. The current P/GP Ratio is 2.84 based on a stock price of $14.98. This is a very high Price/GP Ratio for this sort of a company. This stock price testing suggests that the stock price is relatively expensive.
I get a 10 year median Price/Book Value per Share Ratio of 1.85. The current P/B Ratio is 6.18 based on Book Value of $91.6M, BV of $2.42 and a stock price of $14.98. The current P/B Ratio is some 234% above the 10 year median ratio. A P/B Ratio of 6.18 is very high for this sort of a company. This stock price testing suggests that the stock price is relatively expensive.
The historical dividend yield is 3.89%. The current dividend yield is 1.74% based on dividends of $0.26 and a stock price of $14.98. The current dividend yield is some 55% below the historical yield. This stock price testing suggests that the stock price is relatively expensive.
The 10 year median Price/Sales (Revenue) Ratio is 0.61. The current P/S Ratio is 3.01 based on 2017 Revenue estimate of $188M, Revenue per Share of 4.98 and a stock price of $14.98. The current P/S Ratio is some 397% above the 10 year median P/S Ratio. This stock price testing suggests that the stock price is relatively expensive.
There is a lot of insider selling with the percentage of insider selling to market cap at 0.32%. Normally this ratio is around 0.02%. INK shows selling mostly by directors, but since I review this stock last year both the CEO and CFO are holding fewer shares. The problem of with selling is that you never know why and it could be unconnected with how the company is doing.
When I look at analysts' recommendations, I find Strong Buy and Buy recommendations. There are only 5 analysts following this stock. The consensus recommendation would be a Buy. The 12 month target price is $16.80. This implies a total return of 13.89% with 1.74% from dividends and 12.15% from capital gains.
From the Investment Reporter there is a good report via Daily Buy Sell Advisor. The Investment Reporter also thinks that the stock is costly but might be suitable for aggressive investors. Marguerite Chambers on Finance News Daily talks about this company getting Buy ratings. Staff of Financial News Week give some technical analysis on this stock. See what analysts are saying about this stock on Stock Chase. They mostly like this company.
Savaria Corporation is North America's leader in the accessibility industry focused on meeting the needs of people with mobility challenges. Savaria designs, manufactures, installs and distributes primarily elevators for home and commercial use, as well as stairlifts and vertical and inclined platform lifts. In addition, it converts and adapts minivans to be wheelchair accessible. Its web site is here Savaria Corporation .
The last stock I wrote about was about was TECSYS Inc. (TSX-TCS, OTC-TCYSF)... learn more. The next stock I will write about will be Ballard Power Systems Inc. (TSX-BLDP, NASDAQ-BLDP)... learn more on Tuesday, August 8, 2017 around 5 pm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Wednesday, August 2, 2017
TECSYS Inc.
Sound bite for Twitter and StockTwits is: Dividend growth Industrial. This is rather a small cap. It also seems to be overpriced. It is a good stock though. There is a lot of insider selling over the past year at 0.80% of Market Cap according to INK. Generally insider selling would be at 0.02% of Market Cap. See my spreadsheet on TECSYS Inc .
I own this stock of TECSYS Inc. (TSX-TCS, OTC-TCYSF). I came across this stock when I was looking for a dividend paying small cap stock as a filler stock. I consider a filler stock to be one to soak up small amounts of investment money that I have left over in my account, especially in the TFSA after I have made my main purchase for the year.
Well, instead of buying a small amount of this stock, I should have bought lots more. I paid some $965 for 500 shares in 2017. Today those shares are worth $8,115. This stock has a total return of 42.87% per year. Also dividends have paid for some 30% of the cost of my stock. Unfortunately, it has been rather overpriced for a while.
Dividends are currently low, but they have been moderate in the past. The current dividend yield is 1.30% with a 10 year median yield of 2.43%. Dividend growth is good. The dividends have grown at 14% and 16.7% per year over the past 5 and 9 years.
This is another company when the spreadsheet shows a lot of green. They have good growth and generally good debt ratios. I prefer the Liquidity Ratio to be at 1.50 or above for safety's sake especially on industries that can be volatile. Return on Equity is not what I would like to see.
The Revenue has grown at 11.6% and 8.2% per year over the past 5 and 10 years. The Revenue per Share has grown at 10.3% and 9.4% per year. These are both good. Outstanding shares have not changed that much over the past 5 and 10 years.
The current Liquidity Ratio is 1.62 and it has a 5 year median of 1.60. However, the Liquidity Ratio has varied a lot and has been below 1.50. This happened last in 2012 when it was 1.45. The Debt Ratio has always been good. The one for 2017 is 2.41 and it has a 5 year median of 2.06. Leverage and Debt/Equity Ratios are good with the current ones at 1.71 and 0.71 respectively. The 5 year median values are 1.95 and 0.95 respectively. It has very little long term debt.
The Return on Equity has been below 10% twice in the past 5 years and 5 times over the past 10 years. It is currently good with a current ROE of $19.5% and a 5 year median of 10.8%. The Return on Comprehensive Income is a little lower with the current one at 16.6% and a 5 year median of 10.8%.
The 5 year low, median and high median Price/Earnings per Share Ratios are 21.69, 29.91 and 38.13. The 10 year corresponding ratios are 15.99, 20.16 and 24.33. The historical ratios are 9.47, 11.88 and 15.83. It would that the rise in price is also being pushed by a rising P/E Ratio. The current P/E Ratio is 32.09 based on a stock price of $13.80 and 2018 EPS estimate of $0.43. This stock price testing suggests that the stock price is relatively expensive. (Note that this stock has a year end at April 30 each year.)
Tech companies tend to have rather high P/E Ratios relative to other stock. This is sort of a tech company even though it is classified in the Industrial Services sector. However, to make money on tech companies you buy them when they have upward momentum. Currently this stock does not have this and it has been falling since reach a high in May of 2017.
I get a Graham Price of $4.91. The 10 year low, median and high median Price/Graham Price Ratios are 1.22, 1.58 and 1.89. The current P/GP Ratio is 2.81 based on a stock price of $13.80. This stock price testing suggests that the stock price is relatively expensive.
The 10 year median Price/Book Value per Share Ratio is 1.90. The current P/B Ratio is 5.53 a value some 190% higher. The current P/B Ratio is based on Book Value of $30.7M, BVPS of $2.49 and a stock price of $13.80. This stock price testing suggests that the stock price is relatively expensive.
This historical median dividend yield is 2.43. The current dividend yield is 1.30% based on dividends of $0.18 and a stock price of $13.80. The 5 year and 10 year median dividend yields are 1.35% and 2.43% respectively. The current yield is some 46% below the historical one but just 3% below the 5 year yield. This stock price testing suggests that the stock price is relatively expensive.
The 10 year median Price/Sales (or Revenue) Ratio is 0.70. The current P/S Ratio is 2.25 based on 2018 Revenues of $75.7M, Revenue per Share of $6.15 and a stock price of $13.80. The current ratio is some 220% higher than the 10 year median. This stock price testing suggests that the stock price is relatively expensive.
When I look at analysts' recommendations, I find only Buy recommendations for the 5 analysts that follow this stock. The 12 month stock price consensus is $17.60. This implies a total return of 25.04% with 23.77% from capital gains and 1.27% from dividends.
There is a Press Release on Cision talking about this company has signed a commercial agreement with Drone Delivery Canada. The Financial News Staff at Staff Talker comment on the high ratios this company has. Staff Writer at Oro Bulletin says that the .Williams Percent Range shows that this stock is oversold (i.e. low). There is not many analysts following this stock on Stock Chase. However, the analysts that do follow this stock like it.
TECSYS Inc. is a supply chain management software provider that delivers powerful enterprise distribution, warehouse and transportation logistics software solutions. The company's customers include about 600 mid-size and Fortune 1000 corporations in healthcare, heavy equipment, third-party logistics, and general wholesale high- volume distribution industries. Its web site is here TECSYS Inc .
On my other blog I wrote yesterday about Pulse Seismic Inc. (TSX-PSD, OTC- PLSDF)... learn more. Tomorrow, I will write about Savaria Corporation (TSX-SIS, OTC-SISXF)... learn more on Friday, August 4, 2017 around 5 pm. Tomorrow on my other blog I will write about Something to Buy August 2017... learn more on Thursday, August 3, 2017 around 5 pm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
I own this stock of TECSYS Inc. (TSX-TCS, OTC-TCYSF). I came across this stock when I was looking for a dividend paying small cap stock as a filler stock. I consider a filler stock to be one to soak up small amounts of investment money that I have left over in my account, especially in the TFSA after I have made my main purchase for the year.
Well, instead of buying a small amount of this stock, I should have bought lots more. I paid some $965 for 500 shares in 2017. Today those shares are worth $8,115. This stock has a total return of 42.87% per year. Also dividends have paid for some 30% of the cost of my stock. Unfortunately, it has been rather overpriced for a while.
Dividends are currently low, but they have been moderate in the past. The current dividend yield is 1.30% with a 10 year median yield of 2.43%. Dividend growth is good. The dividends have grown at 14% and 16.7% per year over the past 5 and 9 years.
This is another company when the spreadsheet shows a lot of green. They have good growth and generally good debt ratios. I prefer the Liquidity Ratio to be at 1.50 or above for safety's sake especially on industries that can be volatile. Return on Equity is not what I would like to see.
The Revenue has grown at 11.6% and 8.2% per year over the past 5 and 10 years. The Revenue per Share has grown at 10.3% and 9.4% per year. These are both good. Outstanding shares have not changed that much over the past 5 and 10 years.
The current Liquidity Ratio is 1.62 and it has a 5 year median of 1.60. However, the Liquidity Ratio has varied a lot and has been below 1.50. This happened last in 2012 when it was 1.45. The Debt Ratio has always been good. The one for 2017 is 2.41 and it has a 5 year median of 2.06. Leverage and Debt/Equity Ratios are good with the current ones at 1.71 and 0.71 respectively. The 5 year median values are 1.95 and 0.95 respectively. It has very little long term debt.
The Return on Equity has been below 10% twice in the past 5 years and 5 times over the past 10 years. It is currently good with a current ROE of $19.5% and a 5 year median of 10.8%. The Return on Comprehensive Income is a little lower with the current one at 16.6% and a 5 year median of 10.8%.
The 5 year low, median and high median Price/Earnings per Share Ratios are 21.69, 29.91 and 38.13. The 10 year corresponding ratios are 15.99, 20.16 and 24.33. The historical ratios are 9.47, 11.88 and 15.83. It would that the rise in price is also being pushed by a rising P/E Ratio. The current P/E Ratio is 32.09 based on a stock price of $13.80 and 2018 EPS estimate of $0.43. This stock price testing suggests that the stock price is relatively expensive. (Note that this stock has a year end at April 30 each year.)
Tech companies tend to have rather high P/E Ratios relative to other stock. This is sort of a tech company even though it is classified in the Industrial Services sector. However, to make money on tech companies you buy them when they have upward momentum. Currently this stock does not have this and it has been falling since reach a high in May of 2017.
I get a Graham Price of $4.91. The 10 year low, median and high median Price/Graham Price Ratios are 1.22, 1.58 and 1.89. The current P/GP Ratio is 2.81 based on a stock price of $13.80. This stock price testing suggests that the stock price is relatively expensive.
The 10 year median Price/Book Value per Share Ratio is 1.90. The current P/B Ratio is 5.53 a value some 190% higher. The current P/B Ratio is based on Book Value of $30.7M, BVPS of $2.49 and a stock price of $13.80. This stock price testing suggests that the stock price is relatively expensive.
This historical median dividend yield is 2.43. The current dividend yield is 1.30% based on dividends of $0.18 and a stock price of $13.80. The 5 year and 10 year median dividend yields are 1.35% and 2.43% respectively. The current yield is some 46% below the historical one but just 3% below the 5 year yield. This stock price testing suggests that the stock price is relatively expensive.
The 10 year median Price/Sales (or Revenue) Ratio is 0.70. The current P/S Ratio is 2.25 based on 2018 Revenues of $75.7M, Revenue per Share of $6.15 and a stock price of $13.80. The current ratio is some 220% higher than the 10 year median. This stock price testing suggests that the stock price is relatively expensive.
When I look at analysts' recommendations, I find only Buy recommendations for the 5 analysts that follow this stock. The 12 month stock price consensus is $17.60. This implies a total return of 25.04% with 23.77% from capital gains and 1.27% from dividends.
There is a Press Release on Cision talking about this company has signed a commercial agreement with Drone Delivery Canada. The Financial News Staff at Staff Talker comment on the high ratios this company has. Staff Writer at Oro Bulletin says that the .Williams Percent Range shows that this stock is oversold (i.e. low). There is not many analysts following this stock on Stock Chase. However, the analysts that do follow this stock like it.
TECSYS Inc. is a supply chain management software provider that delivers powerful enterprise distribution, warehouse and transportation logistics software solutions. The company's customers include about 600 mid-size and Fortune 1000 corporations in healthcare, heavy equipment, third-party logistics, and general wholesale high- volume distribution industries. Its web site is here TECSYS Inc .
On my other blog I wrote yesterday about Pulse Seismic Inc. (TSX-PSD, OTC- PLSDF)... learn more. Tomorrow, I will write about Savaria Corporation (TSX-SIS, OTC-SISXF)... learn more on Friday, August 4, 2017 around 5 pm. Tomorrow on my other blog I will write about Something to Buy August 2017... learn more on Thursday, August 3, 2017 around 5 pm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
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