Sound bite for Twitter and StockTwits is: Dividend Growth Energy. Long term investors seem to have done well with this stock. Price might still be relatively reasonable. See my spreadsheet on Suncor Energy Inc.
I do not own this stock of Suncor Energy Inc. (TSX-SU, NYSE-SU). I started following this stock as Petro-Canada (TSX-PCA). It was on Mike Higgs' list of dividend growth stocks. This was also a key stock for the Investment Reporter. My spreadsheet follows PCA into SU. PCA and SU merged in 2009. I also note that a number of Canadian Equity Funds have this stock listed in their top 10 holdings.
This stock currently has a very high dividend at 3.38%. Recently they have had a hard time covering the dividend with EPS. There was an earrings loss in 2015 and dividend coverage was 430%, which means they paid out for more than they earned. However, the 5 year Dividend Payout Ratio is 89%, which is not that bad. Analysts expect dividends to be covered handily in 2017 with an estimate DPR of 60%.
Shareholders have done well lately with this stock. Over the past 5 and 10 years long time shareholders would have made 10.92% and 4.72% per year total return. Because I have the data, I also looked at 15 and 20 year total return. These are at 8.59% and 10.44% per year. Total return includes capital gains and dividends. It would seem that the 10 year total return is the lowest.
With oil and gas stocks there is a lot of volatility. So, debt ratios are quite important. The Liquidity Ratio for 2016 is 1.36 with a 5 year median of 1.46. If you added in cash flow after dividends, the ratios are much better with a ratio of 1.82 for 2016 and a 5 year median of 2.24. The Debt Ratio for 2016 was 2.01 and this has a 5 year median of 2.05.
Leverage and Debt/Equity Ratios for 2016 are 1.99 and 0.99 with a 5 year median of 1.96 and 0.96. These are good as is the Long Term Debt/Market Cap Ratio for 2016 of 0.22.
The 5 year low, median and high median Price/Earnings per Share Ratios are 15.31, 17.98 and 20.65. The 10 year values are 12.94, 16.85 and 21.99. The historical values are 19.93, 26.21 and 30.93. You do not often see the historical ratios higher than the more recent ones. The current P/E Ratio is 17.71 based on a stock price of $37.89 and 2017 EPS estimate of $2.14. This stock price testing suggests that the stock price is relatively reasonable and around the median.
I get a Graham Price of $36.84. The 10 year low, median and high median Price/Graham Price Ratios are 0.83, 1.01 and 1.28. The current P/GP Ratio is 1.05 based on a stock price of $37.89. 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 1.35. The current P/B Ratio is 1.39 based on BV of $45,515M, BVPS of $27.29 and a stock price of $37.89. The current P/B Ratio is some 3% above the 10 year median. This stock price testing suggests that the stock price is relatively reasonable but above the median (but not much above the median).
The historical dividend yield is 0.62%. This is because the dividends started out very low and have been increasing. Also, do not forget that my spreadsheet is tracing the company from PCA which merged with SU in 2009. The current dividend is 3.38% based on dividends of $1.28 and a stock price of $37.89. This testing suggests that the stock is relatively cheap.
The 5 year dividend yield is 2.61%. This is still quite a bit lower than the current dividend yield of 3.38%. The current dividend yield at 3.38% is some 29% higher than the 5 year median dividend yield. This still suggests that the stock price is relatively cheap.
The 10 year P/S Ratio is 1.40. The current P/S Ratio is 1.86 based on 2017 Revenue estimate of $33,952M, Revenue per Share of 20.36 and a currently stock price of $37.89. The current P/S Ratio is some 33% higher than the 10 year median P/S Ratio. This stock price testing suggests that the stock price is relatively expensive.
When I look at analysts' recommendations, I find Strong Buy, Buy, Hold and Underperform Recommendations. Most of the recommendations are a Buy and consensus recommendation would be a Buy. The 12 months stock price consensus is $47.68. This implies a total return of 29.22% with 3.38% from dividends and 25.84% from capital gains.
Jason Phillips talks about owning this company or Imperial Oil in your portfolio on Motley Fool. Reb123z on Weekly Hub talks about what analysts are saying about this stock. Note this is US coverage and US prices. See what analysts are saying about this stock on Stock Chase.
Suncor Energy Inc. is an integrated energy company. Suncor's operations include oil sands development and upgrading, conventional and offshore oil and gas production, petroleum refining, and product marketing under the Petro-Canada brand. Suncor is also developing a growing renewable energy portfolio. Their international and offshore business includes operations in the North Sea (United Kingdom, Netherlands and Norway) and the East Coast of Canada. They are also in Libya, Syria and Trinidad and Tobago. Its web site is here Suncor Energy Inc. The mostly like this company.
The last stock I wrote about was about was Premium Brands Holdings Corp (TSX-PBH, OTC-PRBZF)... learn more. The next stock I will write about will be Empire Company Ltd (TSX-EMP.A, OTC- EMLAF)... learn more on July 7, 2017 around 5 pm. Tomorrow on my other blog I will write about Dividend Stocks July 2017... learn more on July 6, 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, July 5, 2017
Monday, July 3, 2017
Premium Brands Holdings Corp
Sound bite for Twitter and StockTwits is: Dividend Growth Consumer. The stock has recently had a great run but it seems currently to have lost it momentum. It would seem to be expensive. All my tests show that the current stock price is relatively expensive. See my spreadsheet on Premium Brands Holdings Corp.
I do not own this stock of Premium Brands Holdings Corp (TSX-PBH, OTC-PRBZF). I was looking for another stock to follow and I found this is one of the top stocks in TD Bank's Canadian Equity Fund.
This company used to be an income trust. It did not really reduce it dividends when it became a corporation, but changed the frequency from monthly to quarterly. Dividends were rather flat and then lately it has increased the dividends. The last dividend increase was in 2017 and the increase was for 10.5%. The growth over the past 5 and 10 years is at 4.8% and 2.4% per year.
The company was not covering their dividends with EPS until 2016. In that year the Dividend Payout Ratio was 62%. In the previous year the cover ages at 274%. It is expected that the DPR will be good going forward from 2017.
The current dividend yield is low at just 1.81%. In the past it was very high with an historical high of over 17% and with an historical median of 8.05%. It might settle into a stock with a moderate dividend with moderate growth. That would be a dividend in the 2% range and increases around 10 to 12%.
The company has good debt ratios currently. The Liquidity Ratio for 2016 is 2.00. The Debt Ratio for 2016 is 2.55 and the Leverage and Debt/Equity Ratios for 2016 are 2.63 and 1.63. It did not always have good debt ratios. From 2009 to 2013, the Liquidity Ratio was below 1.50 and sometimes below 1.50. In the same time period the Debt Ratio was below 1.50.
The Return on Equity for 2016 was good at 16.2%, but the 5 year median is 6.1%. This is because the ROE has been low over the past 5 year. The ROE was slightly better on comprehensive income with a 2016 ROE of 15.1% and a 5 year median of 8.6%. During the past 5 years the Revenue has been going up, the problem was that the EPS was not.
The 5 year low, median and high median Price/Earnings per Share Ratios are 28.73, 33.58 and 38.42. The corresponding 10 year ratios are 17.88, 22.87 and 25.71. The historical ratios are 11.21, 13.91 and 15.42. It would appear that a big component of the rise in stock price has been a rise in P/E Ratio. The current P/E Ratio is 30.21 based on a stock price of $93.04 and 2017 EPS estimate of $3.08. This is a rather high P/E Ratio and it would suggest that the stock price is relatively expensive.
I get a Graham price of 31.56. The 10 year low, median and high median Price/Graham Price Ratios are 1.21, 1.33 and 1.44. The current P/GP Ratio is 2.95 based on a stock price of $93.04. This stock price testing would suggest that the stock price is relatively expensive.
The 10 year median Price/Book Value per Share Ratio is 1.79. The current ratio is 6.47 based on Book Value of $426.8M, $14.37 per share and a stock price of $93.04. The current P/B Ratio is some 262% higher than the 10 year median. This stock price testing would suggest that the stock price is relatively expensive.
The current dividend yield is 1.81% based on dividends of $1.68 and a stock price of $93.04. I cannot use the historical median as this stock was an income trust and reached rates it will probably never get to again. However, the 5 year median is 5.50%. This is some 67% above the current dividend yield. This stock price testing would suggest that the stock price is relatively expensive.
The 10 year median P/S Ratio is 0.41. The current P/S Ratio is 1.25 based on a stock price of $93.04 and 2017 Revenue estimate of $2,215M and Revenue per share of $74.58. This stock price testing would suggest that the stock price is relatively expensive.
When I look at analysts' recommendations, I find Strong Buy, Buy and Hold recommendations. Most of the recommendations are a Hold, but Buy is the consensus recommendations. The 12 month stock price is $93.09. This implies a total return of 1.86% with 1.81% from dividends and 0.05% from capital gain based on a current Price of $93.04.
Harper Lund on Chaffey Breeze talks about BMO giving this stock a market perform (Hold) and a target price of $97.00. In the meantime RY lifted their target to $100.00 and gave it a recommendation of Outperform (Buy). Ryan Vanzo of Motley Fools wrote about this stock last year. See what analysts are saying about this stock on Stock Chase. They mostly like it.
Premium Brands Holdings Corporation, through its subsidiaries, owns a range of specialty food manufacturing and premium food distribution and wholesale businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, Ohio and Washington State.. Its web site is here Premium Brands Holdings Corp.
The last stock I wrote about was about was Intact Financial Corp (TSX-IFC, OTC-IFCZF)... learn more. The next stock I will write about will be Suncor Energy Inc. (TSX-SU, NYSE-SU)... learn more on Wednesday, July 5, 2017 around 5 pm. Tomorrow on my other blog I will write about Something to Buy July 2017... learn more on Tuesday, July 4, 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 Premium Brands Holdings Corp (TSX-PBH, OTC-PRBZF). I was looking for another stock to follow and I found this is one of the top stocks in TD Bank's Canadian Equity Fund.
This company used to be an income trust. It did not really reduce it dividends when it became a corporation, but changed the frequency from monthly to quarterly. Dividends were rather flat and then lately it has increased the dividends. The last dividend increase was in 2017 and the increase was for 10.5%. The growth over the past 5 and 10 years is at 4.8% and 2.4% per year.
The company was not covering their dividends with EPS until 2016. In that year the Dividend Payout Ratio was 62%. In the previous year the cover ages at 274%. It is expected that the DPR will be good going forward from 2017.
The current dividend yield is low at just 1.81%. In the past it was very high with an historical high of over 17% and with an historical median of 8.05%. It might settle into a stock with a moderate dividend with moderate growth. That would be a dividend in the 2% range and increases around 10 to 12%.
The company has good debt ratios currently. The Liquidity Ratio for 2016 is 2.00. The Debt Ratio for 2016 is 2.55 and the Leverage and Debt/Equity Ratios for 2016 are 2.63 and 1.63. It did not always have good debt ratios. From 2009 to 2013, the Liquidity Ratio was below 1.50 and sometimes below 1.50. In the same time period the Debt Ratio was below 1.50.
The Return on Equity for 2016 was good at 16.2%, but the 5 year median is 6.1%. This is because the ROE has been low over the past 5 year. The ROE was slightly better on comprehensive income with a 2016 ROE of 15.1% and a 5 year median of 8.6%. During the past 5 years the Revenue has been going up, the problem was that the EPS was not.
The 5 year low, median and high median Price/Earnings per Share Ratios are 28.73, 33.58 and 38.42. The corresponding 10 year ratios are 17.88, 22.87 and 25.71. The historical ratios are 11.21, 13.91 and 15.42. It would appear that a big component of the rise in stock price has been a rise in P/E Ratio. The current P/E Ratio is 30.21 based on a stock price of $93.04 and 2017 EPS estimate of $3.08. This is a rather high P/E Ratio and it would suggest that the stock price is relatively expensive.
I get a Graham price of 31.56. The 10 year low, median and high median Price/Graham Price Ratios are 1.21, 1.33 and 1.44. The current P/GP Ratio is 2.95 based on a stock price of $93.04. This stock price testing would suggest that the stock price is relatively expensive.
The 10 year median Price/Book Value per Share Ratio is 1.79. The current ratio is 6.47 based on Book Value of $426.8M, $14.37 per share and a stock price of $93.04. The current P/B Ratio is some 262% higher than the 10 year median. This stock price testing would suggest that the stock price is relatively expensive.
The current dividend yield is 1.81% based on dividends of $1.68 and a stock price of $93.04. I cannot use the historical median as this stock was an income trust and reached rates it will probably never get to again. However, the 5 year median is 5.50%. This is some 67% above the current dividend yield. This stock price testing would suggest that the stock price is relatively expensive.
The 10 year median P/S Ratio is 0.41. The current P/S Ratio is 1.25 based on a stock price of $93.04 and 2017 Revenue estimate of $2,215M and Revenue per share of $74.58. This stock price testing would suggest that the stock price is relatively expensive.
When I look at analysts' recommendations, I find Strong Buy, Buy and Hold recommendations. Most of the recommendations are a Hold, but Buy is the consensus recommendations. The 12 month stock price is $93.09. This implies a total return of 1.86% with 1.81% from dividends and 0.05% from capital gain based on a current Price of $93.04.
Harper Lund on Chaffey Breeze talks about BMO giving this stock a market perform (Hold) and a target price of $97.00. In the meantime RY lifted their target to $100.00 and gave it a recommendation of Outperform (Buy). Ryan Vanzo of Motley Fools wrote about this stock last year. See what analysts are saying about this stock on Stock Chase. They mostly like it.
Premium Brands Holdings Corporation, through its subsidiaries, owns a range of specialty food manufacturing and premium food distribution and wholesale businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, Ohio and Washington State.. Its web site is here Premium Brands Holdings Corp.
The last stock I wrote about was about was Intact Financial Corp (TSX-IFC, OTC-IFCZF)... learn more. The next stock I will write about will be Suncor Energy Inc. (TSX-SU, NYSE-SU)... learn more on Wednesday, July 5, 2017 around 5 pm. Tomorrow on my other blog I will write about Something to Buy July 2017... learn more on Tuesday, July 4, 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, June 30, 2017
Intact Financial Corp
Sound bite for Twitter and StockTwits is: Dividend Growth Financial. The Stock Price seems to be in a reasonable range. See my spreadsheet on Intact Financial Corp.
I do not own this stock of Intact Financial Corp (TSX-IFC, OTC-IFCZF). I am following this stock because in November 2011, the TD Bank put out a special report on the merits of dividend investing. At the end of the report they listed a number of Canadian stocks as Equity Yield ideas. This was one stock listed that I did not follow. This and Wajax are from TD Report on dividend investing.
The dividends are moderate as is the dividend growth. The current dividend is 2.66% with a historical median of 2.69% and a 5 year median of 2.62%. The dividends have grown at 9.4% and 8.8% per year over the past 5 and 10 years. The last dividend increase was for 10.3% and it occurred in 2017.
They can afford their dividends. The Dividend Payout Ratio for EPS is 58% in 2017 with a 5 year payout of 43%. The DPR for CFPS is 38% in 2017 and the 5 year payout is 30%.
The Return on Equity for 2016 was 8.9% with a 5 year median of 12%. It has been below 10% twice in the last 5 years and 4 times in the last 10 years. It is desirable to have the ROE at 10% or better. But general insurance can be a volatile business. The 5 year median ROE has been above 10% each year of the past 5 years.
The 5 year low, median and high median Price/Earnings per Share Ratios are 15.92, 17.19 and 18.46. The corresponding 10 year ratios are 14.41, 15.57 and 16.73. The corresponding 13 year ratios are 11.93, 13.42 and 14.90. It would seem that P/E Ratios have been increasing. The current P/E Ratio is 15.97. This is based on a stock price of $96.14 and 2017 EPS estimate of $6.02. This stock price testing suggests that the stock price is reasonable and around the median.
I get a Graham Price of $76.43. The 10 year low, median and high median Price/Graham Price Ratios are 1.03, 1.19 and 1.30. The current P/GP Ratio is 1.26 based on a stock price of $96.14. 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 1.81. The current P/B Ratio is 2.23 based on BV of $5,652M, $43.13 BVPS and a stock price of $96.14. The current ratio is some 23% higher than the 10 year median. This stock price testing suggests that the stock price is relatively expensive.
I get a historical median dividend yield of 2.69%. The current dividend is 2.66% based on dividends of $2.56 and a stock price of $96.14. The current dividend yield is lower than the historical median yield by 1%. This stock price testing suggests that the stock price is reasonable and around the median.
I get a P/S Ratio of 1.34. The current P/S Ratio is 1.50 based on 2017 Revenue Estimate of $8,396M, Revenue per Share at 64.07 and a stock price of $96.14. The current P/S Ratio is some 12% higher than the 10 year median ratio. This stock price testing suggests that the stock price is reasonable but above the median.
When I look at analysts' recommendations I find Strong Buy, Buy and Hold recommendations. Most of the recommendations are a Buy and the consensus recommendation is a Buy. The 12 month stock price target is $103.34. This implies a total return of 10.15% with 7.49% from capital gains and $2.66% from dividends.
Ryan Goldsman on Motley Fool likes this company. Cole Patterson on Simply Wall Street looks at what sort of dividend stock this company is. Jacob Falcon on Weekly Register talks about what analysts are giving as recommendations. See what analysts are saying about this company on Stock Chase. There is not much coverage but what there is, is positive.
Intact Financial Corporation is the largest provider of property and casualty insurance in Canada. Intact offers home, auto and business insurance through Intact Insurance and a network of brokers including Belair Direct and BrokerLink. Its web site is here Intact Financial Corp.
The last stock I wrote about was about was AGT Food and Ingredients Inc. (TSX-AGT, OTC-AGXXF)... learn more. The next stock I will write about will be Premium Brands Holdings Corp (TSX-PBH, OTC-PRBZF)... learn more on Monday, July 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 do not own this stock of Intact Financial Corp (TSX-IFC, OTC-IFCZF). I am following this stock because in November 2011, the TD Bank put out a special report on the merits of dividend investing. At the end of the report they listed a number of Canadian stocks as Equity Yield ideas. This was one stock listed that I did not follow. This and Wajax are from TD Report on dividend investing.
The dividends are moderate as is the dividend growth. The current dividend is 2.66% with a historical median of 2.69% and a 5 year median of 2.62%. The dividends have grown at 9.4% and 8.8% per year over the past 5 and 10 years. The last dividend increase was for 10.3% and it occurred in 2017.
They can afford their dividends. The Dividend Payout Ratio for EPS is 58% in 2017 with a 5 year payout of 43%. The DPR for CFPS is 38% in 2017 and the 5 year payout is 30%.
The Return on Equity for 2016 was 8.9% with a 5 year median of 12%. It has been below 10% twice in the last 5 years and 4 times in the last 10 years. It is desirable to have the ROE at 10% or better. But general insurance can be a volatile business. The 5 year median ROE has been above 10% each year of the past 5 years.
The 5 year low, median and high median Price/Earnings per Share Ratios are 15.92, 17.19 and 18.46. The corresponding 10 year ratios are 14.41, 15.57 and 16.73. The corresponding 13 year ratios are 11.93, 13.42 and 14.90. It would seem that P/E Ratios have been increasing. The current P/E Ratio is 15.97. This is based on a stock price of $96.14 and 2017 EPS estimate of $6.02. This stock price testing suggests that the stock price is reasonable and around the median.
I get a Graham Price of $76.43. The 10 year low, median and high median Price/Graham Price Ratios are 1.03, 1.19 and 1.30. The current P/GP Ratio is 1.26 based on a stock price of $96.14. 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 1.81. The current P/B Ratio is 2.23 based on BV of $5,652M, $43.13 BVPS and a stock price of $96.14. The current ratio is some 23% higher than the 10 year median. This stock price testing suggests that the stock price is relatively expensive.
I get a historical median dividend yield of 2.69%. The current dividend is 2.66% based on dividends of $2.56 and a stock price of $96.14. The current dividend yield is lower than the historical median yield by 1%. This stock price testing suggests that the stock price is reasonable and around the median.
I get a P/S Ratio of 1.34. The current P/S Ratio is 1.50 based on 2017 Revenue Estimate of $8,396M, Revenue per Share at 64.07 and a stock price of $96.14. The current P/S Ratio is some 12% higher than the 10 year median ratio. This stock price testing suggests that the stock price is reasonable but above the median.
When I look at analysts' recommendations I find Strong Buy, Buy and Hold recommendations. Most of the recommendations are a Buy and the consensus recommendation is a Buy. The 12 month stock price target is $103.34. This implies a total return of 10.15% with 7.49% from capital gains and $2.66% from dividends.
Ryan Goldsman on Motley Fool likes this company. Cole Patterson on Simply Wall Street looks at what sort of dividend stock this company is. Jacob Falcon on Weekly Register talks about what analysts are giving as recommendations. See what analysts are saying about this company on Stock Chase. There is not much coverage but what there is, is positive.
Intact Financial Corporation is the largest provider of property and casualty insurance in Canada. Intact offers home, auto and business insurance through Intact Insurance and a network of brokers including Belair Direct and BrokerLink. Its web site is here Intact Financial Corp.
The last stock I wrote about was about was AGT Food and Ingredients Inc. (TSX-AGT, OTC-AGXXF)... learn more. The next stock I will write about will be Premium Brands Holdings Corp (TSX-PBH, OTC-PRBZF)... learn more on Monday, July 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.
Wednesday, June 28, 2017
AGT Food and Ingredients Inc.
Sound bite for Twitter and StockTwits is: Interesting Consumer Stock. I like my companies to be dividend growth companies and at the moment this company cannot be characterized as one. The stock price testing varies greatly. Part of the reason is the revenues are growing, but not the EPS. However, analysts expect the EPS to improve. So I would not personally be interested in this company. See my spreadsheet on AGT Food and Ingredients Inc.
I do not own this stock of AGT Food and Ingredients Inc. (TSX-AGT, OTC-AGXXF). I wanted to review all the income trust stocks touted in the 2009 Money Show. There was a lot of talk at this show about some of the Unit Trust being currently good buys with very good yield. This stock converted to a corporation in 2009.
The company did not reduce the dividends when it because a corporation. In fact they raised their dividend once in 2011, but it has remained flat ever since. At first the Dividend Payout Ratio was high, but for 2016 it was 69% but with a 5 year DPR of 127%.
The dividend yield currently is moderate at 2.51%. It used to be higher when the stock was first on the TSX and has an historical dividend yield high over 10%. However, the historical low dividend yield is just 1.49%. This is a very broad range. Currently the historical median dividend yield is 3.38% but the 10 year and 5 year median dividend yields are a lower at 2.73% and 2.63% respectively.
No analyst seems to think that the dividends will be increase over the next few years. I would suspect that the dividend yields will be low to moderate in the future. The company itself says that they do not anticipate any reduction in dividends. They also say that dividends are paid at the discretion of the Board of Directors and may vary. Whether this will be a dividend growth company in the future is unknown, but it appears not to be at present.
The debt ratios are not very good. The Liquidity Ratio for 2016 is just 1.37. If you add in cash flow after dividends it is still low at 1.40. The Debt Ratio is 1.31. I like both of these ratios, for safety’s sake to be at 1.50 or above. The Leverage and Debt/Equity Ratios are quite high at 4.27 and 3.27 respectively. When debt ratios are not good it makes the company vulnerable in bad times.
The Return on Equity is rather low with the one for 2016 at 7% with a 5 year median of 4.5%. This has not been above 10% in the last 5 years. The ROE on Comprehensive Income for 2016 was a negative 14% with a 5 year median of just 3.3%.
The 5 year low, median and high median Price/Earnings per Share Ratios are 29.56, 41.60 and 46.79. The corresponding 10 year ratios are 11.04, 16.08 and 21.11. The 12 year ratios are lower still at 8.08, 9.16 and 11.33%. The stock price has been rising without a corresponding rise in the EPS. The current P/E Ratio is 22.73 based on a stock price of $23.87 and 2017 EPS estimate of $1.05. This is lower than for the past 5 years, but not for the corresponding 10 years. It is a rather high P/E Ratio. I would be inclined to suggest that the stock price based on P/E Ratio is relatively expensive.
I get a Graham price of $16.94. The 10 year low, median and high median Price/Graham Price Ratios are 1.04, 1.48 and 1.82. The current P/GP Ratio is 1.41 based on a stock price of $23.87. This stock price testing suggests that the stock price is relatively reasonable and below the median.
I get a 10 year median Price/Book Value per Share Ratio is 1.54. The current P/B Ratio is 1.96 based on a stock price of $23.87 and BVPS of 12.15. The current ratio is some 28% higher than the 10 year median ratio. This stock price testing suggests that the stock price is relatively expensive.
Using the dividend yield for testing, the current stock price is quite high. The historical median dividend yield is 3.38%. The current dividend yield is 2.51% based on a stock price of $23.87 and dividends of $0.60. The current dividend yield is some 26% lower than the historical dividend yield. This stock price testing suggests that the stock price is relatively expensive.
The 10 year median P/S Ratio is 0.47. The current P/S Ratio is 0.27 based on 2017 revenue estimate of $2124M, 2017 Revenue per Share estimate of $88.73 and a stock price of $23.87. The current P/S Ratio is some 43% lower than the 10 year median ratio. 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 of the recommendations are a Buy and the consensus recommendation is a Buy. The 12 month stock price consensus is $34.06. This implies a total return of 45.20% with 2.51% from dividends and 42.69% from capital gains based on a stock price of $23.87.
Cynthia Vaughn on Community Financial News talks about some analysts commenting on this stock. CIBC trimmed its target price from $39.00 to $33.00, but BMO Capital Markets issued a target price of $40.00. A Cision New Wire report says that Murad Al-Katib of this company was named ED World Entrepreneur of the Year 2017. See what analysts are saying about this stock on Stock Chase. Views are bit mixed.
AGT Food and Ingredients is one of the largest suppliers of value-added pulses, staple foods and food ingredients in the world. They buy lentils, peas, beans and chickpeas from farmers around their 34 facilities located in the best pulse growing regions in Canada, the United States, Turkey, Australia, China and South Africa and ship their products to over 100 countries around the globe. Its web site is here AGT Food and Ingredients Inc.
The last stock I wrote about was about was Saputo Inc. (TSX-SAP, OTC-SAPIF)... learn more. The next stock I will write about will be Intact Financial Corp (TSX-IFC, OTC-IFCZF)... learn more on Friday, June 30, 2017 around 5 pm. Tomorrow on my other blog I will write about Debt and Dividends... learn more on Thursday, June 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 AGT Food and Ingredients Inc. (TSX-AGT, OTC-AGXXF). I wanted to review all the income trust stocks touted in the 2009 Money Show. There was a lot of talk at this show about some of the Unit Trust being currently good buys with very good yield. This stock converted to a corporation in 2009.
The company did not reduce the dividends when it because a corporation. In fact they raised their dividend once in 2011, but it has remained flat ever since. At first the Dividend Payout Ratio was high, but for 2016 it was 69% but with a 5 year DPR of 127%.
The dividend yield currently is moderate at 2.51%. It used to be higher when the stock was first on the TSX and has an historical dividend yield high over 10%. However, the historical low dividend yield is just 1.49%. This is a very broad range. Currently the historical median dividend yield is 3.38% but the 10 year and 5 year median dividend yields are a lower at 2.73% and 2.63% respectively.
No analyst seems to think that the dividends will be increase over the next few years. I would suspect that the dividend yields will be low to moderate in the future. The company itself says that they do not anticipate any reduction in dividends. They also say that dividends are paid at the discretion of the Board of Directors and may vary. Whether this will be a dividend growth company in the future is unknown, but it appears not to be at present.
The debt ratios are not very good. The Liquidity Ratio for 2016 is just 1.37. If you add in cash flow after dividends it is still low at 1.40. The Debt Ratio is 1.31. I like both of these ratios, for safety’s sake to be at 1.50 or above. The Leverage and Debt/Equity Ratios are quite high at 4.27 and 3.27 respectively. When debt ratios are not good it makes the company vulnerable in bad times.
The Return on Equity is rather low with the one for 2016 at 7% with a 5 year median of 4.5%. This has not been above 10% in the last 5 years. The ROE on Comprehensive Income for 2016 was a negative 14% with a 5 year median of just 3.3%.
The 5 year low, median and high median Price/Earnings per Share Ratios are 29.56, 41.60 and 46.79. The corresponding 10 year ratios are 11.04, 16.08 and 21.11. The 12 year ratios are lower still at 8.08, 9.16 and 11.33%. The stock price has been rising without a corresponding rise in the EPS. The current P/E Ratio is 22.73 based on a stock price of $23.87 and 2017 EPS estimate of $1.05. This is lower than for the past 5 years, but not for the corresponding 10 years. It is a rather high P/E Ratio. I would be inclined to suggest that the stock price based on P/E Ratio is relatively expensive.
I get a Graham price of $16.94. The 10 year low, median and high median Price/Graham Price Ratios are 1.04, 1.48 and 1.82. The current P/GP Ratio is 1.41 based on a stock price of $23.87. This stock price testing suggests that the stock price is relatively reasonable and below the median.
I get a 10 year median Price/Book Value per Share Ratio is 1.54. The current P/B Ratio is 1.96 based on a stock price of $23.87 and BVPS of 12.15. The current ratio is some 28% higher than the 10 year median ratio. This stock price testing suggests that the stock price is relatively expensive.
Using the dividend yield for testing, the current stock price is quite high. The historical median dividend yield is 3.38%. The current dividend yield is 2.51% based on a stock price of $23.87 and dividends of $0.60. The current dividend yield is some 26% lower than the historical dividend yield. This stock price testing suggests that the stock price is relatively expensive.
The 10 year median P/S Ratio is 0.47. The current P/S Ratio is 0.27 based on 2017 revenue estimate of $2124M, 2017 Revenue per Share estimate of $88.73 and a stock price of $23.87. The current P/S Ratio is some 43% lower than the 10 year median ratio. 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 of the recommendations are a Buy and the consensus recommendation is a Buy. The 12 month stock price consensus is $34.06. This implies a total return of 45.20% with 2.51% from dividends and 42.69% from capital gains based on a stock price of $23.87.
Cynthia Vaughn on Community Financial News talks about some analysts commenting on this stock. CIBC trimmed its target price from $39.00 to $33.00, but BMO Capital Markets issued a target price of $40.00. A Cision New Wire report says that Murad Al-Katib of this company was named ED World Entrepreneur of the Year 2017. See what analysts are saying about this stock on Stock Chase. Views are bit mixed.
AGT Food and Ingredients is one of the largest suppliers of value-added pulses, staple foods and food ingredients in the world. They buy lentils, peas, beans and chickpeas from farmers around their 34 facilities located in the best pulse growing regions in Canada, the United States, Turkey, Australia, China and South Africa and ship their products to over 100 countries around the globe. Its web site is here AGT Food and Ingredients Inc.
The last stock I wrote about was about was Saputo Inc. (TSX-SAP, OTC-SAPIF)... learn more. The next stock I will write about will be Intact Financial Corp (TSX-IFC, OTC-IFCZF)... learn more on Friday, June 30, 2017 around 5 pm. Tomorrow on my other blog I will write about Debt and Dividends... learn more on Thursday, June 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.
Monday, June 26, 2017
Saputo Inc
Sound bite for Twitter and StockTwits is: Dividend Growth Consumer. Price is reasonable, but above the median. That means that the price is relatively high but not excessively so. This is a good stock and it is a dividend growth stock in the consumer sector. It is a bit pricy, but that is all. See my spreadsheet on Saputo Inc.
I own this stock of Saputo Inc. (TSX-SAP, OTC-SAPIF). This was a stock on Mike Higgs' Canadian Dividend Growth Stock list and on the dividend lists that I followed. I bought this stock first in 2006 for my RRSP account. Because I am now taking money from my RRSP accounts, I have been selling this stock because of the low dividend. I still like this stock so I have been buying it in my TFSA.
Dividends have generally been low. The current dividend yield is 1.44%. The historical median yield is 1.73% and the 5 and 10 year median dividend yields are 1.56% and 1.75%. The dividend growth used to be good and it has a 10 year growth of 21.8% per year. However, lately it has been moderate with the 5 year dividend growth at 9.9%. The last dividend change was for 11.1% and it occurred in 2016.
They can afford their dividends. The Dividend Payout Ratio for EPS for 2016 is 31.8% and the 5 year coverage is 33.4%. The DPR for CFPS is 17.1% and the 5 year coverage is 17.8%. The dividend growth is down because the growth in EPS is down.
The debt ratios are quite good. The Liquidity Ratio is 1.99 and the Debt Ratio is 2.98 for 2016. Good ratios are 1.50 and above, so these are quite good. The Leverage and Debt/Equity Ratios are also quite good at 1.76 and 0.76.
The other thing to mention is the Return on Equity (ROE). I have about 22 years of data and the ROE has not been lower than 10% in any of these years. The current ROE is 16.9% and the 5 year median is also 16.9%.
I look at my spreadsheet and all I see is green. There is good growth in Revenue, Earnings and Cash Flow.
I get 5 year Price/Earnings per Share of $17.99, 21.17 and 24.35. The 10 year corresponding ratios are 16.97, 19.12 and 22.02. The corresponding historical ratios are 14.79, 18.19 and 21.18. The current P/E Ratio is 19.77 based on a stock price of $41.71 and 2017 EPS estimate of $2.11. This stock price testing suggests that the stock price is relatively reasonable. It is basically around the median.
I get a Graham price of $23.05. The 10 year low, median and high median Price/Graham Price Ratios are 1.55, 1.79 and 2.01. The current P/GP Ratio is 1.81. This stock price testing suggests that the stock price is relatively reasonable and around the median.
I get a 10 year median Price/Book Value per Share Ratio of 3.51. The current P/B Ratio is 3.73. This is based on a stock price of $41.71 and BVPS of $11.19 (BV $4.323M). The current P/B Ratio is some 6% above the 10 year median. This stock price testing suggests that the stock price is relatively reasonable but above the median.
The historical dividend yield is 1.73%. The current dividend yield is 1.44% based on a stock price of $41.71 and dividends of $0.60. The current dividend yield is some 16.9% lower than the historical one. This stock price testing suggests that the stock price is relatively reasonable but above the median.
The 10 year P/S Ratio is 1.20. The current P/S Ratio is 1.37 based on a stock price of $41.71, 2017 Revenue estimate of $11,754M and 2017 Revenue per Share estimate of $30.43. The current ratio is some 14.4% above the 10 year median ratio. 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 recommendations. Most of the recommendations are a Hold and the consensus recommendation would be a Hold. The 12 month stock price is $47.67. This implies a total return of 15.73% with 14.29% from capital gains and 1.44% from dividends based on a current stock price of $41.71%.
Ryan Goldsman at Motley Fool seems to like this stock. Staff at Union Trade Journal gives some technical scores for this stock. They say that the Piotroski F-Score is 8 which mean the stock is a high value stock. Daniel Jordon on Sports Perspectives talks about what some analysts are recently saying about this stock. See what analysts are saying about this stock on Stock Chase. They mostly like it.
Saputo produces, markets, and distributes a wide array of products of the utmost quality, including cheese, fluid milk, yogurt, dairy ingredients and snack-cakes. Saputo is the twelfth largest dairy processor in the world, the largest in Canada; the third largest in Argentina and among the top three cheese producers in the United States. Their products are sold in more than 50 countries under well-known brand names. Its web site is here Saputo Inc.
The last stock I wrote about was about was Parkland Fuel Corp. (TSX-PKI, OTC-PKIUF)... learn more. The next stock I will write about will be AGT Food and Ingredients Inc. (TSX-AGT, OTC-AGXXF)... learn more on Wednesday, June 28, 2017 around 5 pm. Tomorrow on my other blog I will write about T-Bills and Stocks ... learn more on Tuesday, June 27m 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 Saputo Inc. (TSX-SAP, OTC-SAPIF). This was a stock on Mike Higgs' Canadian Dividend Growth Stock list and on the dividend lists that I followed. I bought this stock first in 2006 for my RRSP account. Because I am now taking money from my RRSP accounts, I have been selling this stock because of the low dividend. I still like this stock so I have been buying it in my TFSA.
Dividends have generally been low. The current dividend yield is 1.44%. The historical median yield is 1.73% and the 5 and 10 year median dividend yields are 1.56% and 1.75%. The dividend growth used to be good and it has a 10 year growth of 21.8% per year. However, lately it has been moderate with the 5 year dividend growth at 9.9%. The last dividend change was for 11.1% and it occurred in 2016.
They can afford their dividends. The Dividend Payout Ratio for EPS for 2016 is 31.8% and the 5 year coverage is 33.4%. The DPR for CFPS is 17.1% and the 5 year coverage is 17.8%. The dividend growth is down because the growth in EPS is down.
The debt ratios are quite good. The Liquidity Ratio is 1.99 and the Debt Ratio is 2.98 for 2016. Good ratios are 1.50 and above, so these are quite good. The Leverage and Debt/Equity Ratios are also quite good at 1.76 and 0.76.
The other thing to mention is the Return on Equity (ROE). I have about 22 years of data and the ROE has not been lower than 10% in any of these years. The current ROE is 16.9% and the 5 year median is also 16.9%.
I look at my spreadsheet and all I see is green. There is good growth in Revenue, Earnings and Cash Flow.
I get 5 year Price/Earnings per Share of $17.99, 21.17 and 24.35. The 10 year corresponding ratios are 16.97, 19.12 and 22.02. The corresponding historical ratios are 14.79, 18.19 and 21.18. The current P/E Ratio is 19.77 based on a stock price of $41.71 and 2017 EPS estimate of $2.11. This stock price testing suggests that the stock price is relatively reasonable. It is basically around the median.
I get a Graham price of $23.05. The 10 year low, median and high median Price/Graham Price Ratios are 1.55, 1.79 and 2.01. The current P/GP Ratio is 1.81. This stock price testing suggests that the stock price is relatively reasonable and around the median.
I get a 10 year median Price/Book Value per Share Ratio of 3.51. The current P/B Ratio is 3.73. This is based on a stock price of $41.71 and BVPS of $11.19 (BV $4.323M). The current P/B Ratio is some 6% above the 10 year median. This stock price testing suggests that the stock price is relatively reasonable but above the median.
The historical dividend yield is 1.73%. The current dividend yield is 1.44% based on a stock price of $41.71 and dividends of $0.60. The current dividend yield is some 16.9% lower than the historical one. This stock price testing suggests that the stock price is relatively reasonable but above the median.
The 10 year P/S Ratio is 1.20. The current P/S Ratio is 1.37 based on a stock price of $41.71, 2017 Revenue estimate of $11,754M and 2017 Revenue per Share estimate of $30.43. The current ratio is some 14.4% above the 10 year median ratio. 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 recommendations. Most of the recommendations are a Hold and the consensus recommendation would be a Hold. The 12 month stock price is $47.67. This implies a total return of 15.73% with 14.29% from capital gains and 1.44% from dividends based on a current stock price of $41.71%.
Ryan Goldsman at Motley Fool seems to like this stock. Staff at Union Trade Journal gives some technical scores for this stock. They say that the Piotroski F-Score is 8 which mean the stock is a high value stock. Daniel Jordon on Sports Perspectives talks about what some analysts are recently saying about this stock. See what analysts are saying about this stock on Stock Chase. They mostly like it.
Saputo produces, markets, and distributes a wide array of products of the utmost quality, including cheese, fluid milk, yogurt, dairy ingredients and snack-cakes. Saputo is the twelfth largest dairy processor in the world, the largest in Canada; the third largest in Argentina and among the top three cheese producers in the United States. Their products are sold in more than 50 countries under well-known brand names. Its web site is here Saputo Inc.
The last stock I wrote about was about was Parkland Fuel Corp. (TSX-PKI, OTC-PKIUF)... learn more. The next stock I will write about will be AGT Food and Ingredients Inc. (TSX-AGT, OTC-AGXXF)... learn more on Wednesday, June 28, 2017 around 5 pm. Tomorrow on my other blog I will write about T-Bills and Stocks ... learn more on Tuesday, June 27m 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, June 23, 2017
Parkland Fuel Corp
Sound bite for Twitter and StockTwits is: Dividend Growth Industrial. All my testing is showing that the stock is relatively expensive currently. It has certainly done well for its shareholders being up some 23.54% over the past 5 years with 17.26% from capital gains and 6.28% from dividends. See my spreadsheet on Parkland Fuel Corp.
I do not own this stock of Parkland Fuel Corp (TSX-PKI, OTC-PKIUF). I decided to do a spreadsheet on this stock as it was a stock recommended by Roger Conrad in Money Show 2013.
For this stock, dividends and their growth is all over the place. There have been big increases and decreases in the past. In 2008, dividends were increased by 43%. They did not change in the next two years and then in 2011 they were decreased by 19%. The current dividend is moderate at 3.81%, but it has been much higher in the past with a 10 year median of 6.19%, a historical one of 8.94% and an adjusted historical yield of 7.24%.
The dividend growth over the past 5 and 10 years is at 1.50% and 4.28% per year. The last increase was for 1.8% and it was in 2017. They cannot afford the dividends any longer so increase percentages are going down.
The Dividend Payout Ratio for 2016 was 228% with a 5 year ratio of 130%. The DPR is expected to go to 155% this year and analysts' think that it can cover their dividends again in 2019. Of course, the longer the look out the more inaccurate it tends to be.
This is a stock that was written up in the Money Letter from MPL Communications that puts out the Investment Reporter. This publication company is known for recommending good solid investment stocks. See the item on this here.
The company has not done that well lately, but it is connected to the oil and gas industry. The ROE for 2016 was just 5.5% with a 5 year median of 8.8%. Earnings per Share (EPS) are down by 7.7% and 10.6% per year over the past 5 and 10 years. Analysts expect the earnings to go up by 51% to $0.74 in 2017. However, for the first quarter EPS is down by 8% if you compared the 12 months ending at the end of the first quarter to the EPS of 2016.
The outstanding shares have been increasing over the past 5 and 10 years at 8.4% and 9.6% per year. This means that it is per share growth that one to look at. Revenue per Share is only up by 1% and 7.7% per year over the past 5 and 10 years compared to the growth in Revenue at 9.5% and 18% per year.
The 5 year low, median and high median Price/Earnings per Share Ratios are 26.36, 30.67 and 34.77. The 10 year corresponding ratios are 12.01, 14.42 and 17.80. The historical ratios are 11.48, 15.51 and 20.08. The reason for the most recent P/E Ratios to be high is that as EPS declined, the stock price did not. The current P/E Ratio is 40.96. This is based on a stock price of $30.31 and 2017 EPS estimates of $0.74. This stock price testing suggests that the stock is relatively expensive.
I get a Graham Price of $11.79. The 10 year low, median and high median Price/Graham Price Ratios are 1.14, 1.36 and 1.71. The current P/GP Ratio is 2.57 based on a stock price of $30.31. I must admit I find that the P/GP Ratios rather high for an industrial stock. In any event, this stock price testing also shows that the stock price is relatively expensive.
I get a 10 year median Price/Book Value per Share Ratio of 2.94. The current P/B Ratio is 3.63 based on BVPS of $8.35 ($806.7M BV) and a stock price of $30.31. The current ratio is some 23.6% higher than the 10 year median. This stock price testing suggests that the stock is relatively expensive.
The dividend yield on this stock has been very high in the past. The adjusted historical median dividend yield is 7.25%. The 5 year median dividend yield is 5.21%. The current dividend yield is 3.81% based on dividends of $1.15 and stock price of $30.31. No matter how you look at dividend yield, it shows that the stock is relatively expensive.
When I look at analysts' recommendations, I find Strong Buy, Buy and Hold recommendations. Most are a Buy recommendations and the consensus is a Buy recommendations. The 12 month stock price consensus is $35.82. This implies a total return of 21.99% with 18.18% from capital gain and 3.81% from dividends.
EBU staff rider at the Business Union says that this company has a 14-day Commodity Channel Index of -144.20 which implies the stock is oversold and ready for a rally. Renata Jones on Sports Perspectives says a number of companies are rating this stock a Buy. Kay Ng of Motley Fool likes this stock. See what analysts are saying about this stock on Stock Chase. They rather like this company.
Parkland Fuel Corporation is a marketer and distributor of fuels, managing a nationwide network of sales channels for retail, commercial, wholesale and home heating fuel customers. Its web site is here Parkland Fuel Corp.
The last stock I wrote about was about was Computer Modelling Group Ltd. (TSX-CMG, OTC-CMDXF)... learn more. The next stock I will write about will be Saputo Inc. (TSX-SAP, OTC-SAPIF)... learn more on Monday, June 26, 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 Parkland Fuel Corp (TSX-PKI, OTC-PKIUF). I decided to do a spreadsheet on this stock as it was a stock recommended by Roger Conrad in Money Show 2013.
For this stock, dividends and their growth is all over the place. There have been big increases and decreases in the past. In 2008, dividends were increased by 43%. They did not change in the next two years and then in 2011 they were decreased by 19%. The current dividend is moderate at 3.81%, but it has been much higher in the past with a 10 year median of 6.19%, a historical one of 8.94% and an adjusted historical yield of 7.24%.
The dividend growth over the past 5 and 10 years is at 1.50% and 4.28% per year. The last increase was for 1.8% and it was in 2017. They cannot afford the dividends any longer so increase percentages are going down.
The Dividend Payout Ratio for 2016 was 228% with a 5 year ratio of 130%. The DPR is expected to go to 155% this year and analysts' think that it can cover their dividends again in 2019. Of course, the longer the look out the more inaccurate it tends to be.
This is a stock that was written up in the Money Letter from MPL Communications that puts out the Investment Reporter. This publication company is known for recommending good solid investment stocks. See the item on this here.
The company has not done that well lately, but it is connected to the oil and gas industry. The ROE for 2016 was just 5.5% with a 5 year median of 8.8%. Earnings per Share (EPS) are down by 7.7% and 10.6% per year over the past 5 and 10 years. Analysts expect the earnings to go up by 51% to $0.74 in 2017. However, for the first quarter EPS is down by 8% if you compared the 12 months ending at the end of the first quarter to the EPS of 2016.
The outstanding shares have been increasing over the past 5 and 10 years at 8.4% and 9.6% per year. This means that it is per share growth that one to look at. Revenue per Share is only up by 1% and 7.7% per year over the past 5 and 10 years compared to the growth in Revenue at 9.5% and 18% per year.
The 5 year low, median and high median Price/Earnings per Share Ratios are 26.36, 30.67 and 34.77. The 10 year corresponding ratios are 12.01, 14.42 and 17.80. The historical ratios are 11.48, 15.51 and 20.08. The reason for the most recent P/E Ratios to be high is that as EPS declined, the stock price did not. The current P/E Ratio is 40.96. This is based on a stock price of $30.31 and 2017 EPS estimates of $0.74. This stock price testing suggests that the stock is relatively expensive.
I get a Graham Price of $11.79. The 10 year low, median and high median Price/Graham Price Ratios are 1.14, 1.36 and 1.71. The current P/GP Ratio is 2.57 based on a stock price of $30.31. I must admit I find that the P/GP Ratios rather high for an industrial stock. In any event, this stock price testing also shows that the stock price is relatively expensive.
I get a 10 year median Price/Book Value per Share Ratio of 2.94. The current P/B Ratio is 3.63 based on BVPS of $8.35 ($806.7M BV) and a stock price of $30.31. The current ratio is some 23.6% higher than the 10 year median. This stock price testing suggests that the stock is relatively expensive.
The dividend yield on this stock has been very high in the past. The adjusted historical median dividend yield is 7.25%. The 5 year median dividend yield is 5.21%. The current dividend yield is 3.81% based on dividends of $1.15 and stock price of $30.31. No matter how you look at dividend yield, it shows that the stock is relatively expensive.
When I look at analysts' recommendations, I find Strong Buy, Buy and Hold recommendations. Most are a Buy recommendations and the consensus is a Buy recommendations. The 12 month stock price consensus is $35.82. This implies a total return of 21.99% with 18.18% from capital gain and 3.81% from dividends.
EBU staff rider at the Business Union says that this company has a 14-day Commodity Channel Index of -144.20 which implies the stock is oversold and ready for a rally. Renata Jones on Sports Perspectives says a number of companies are rating this stock a Buy. Kay Ng of Motley Fool likes this stock. See what analysts are saying about this stock on Stock Chase. They rather like this company.
Parkland Fuel Corporation is a marketer and distributor of fuels, managing a nationwide network of sales channels for retail, commercial, wholesale and home heating fuel customers. Its web site is here Parkland Fuel Corp.
The last stock I wrote about was about was Computer Modelling Group Ltd. (TSX-CMG, OTC-CMDXF)... learn more. The next stock I will write about will be Saputo Inc. (TSX-SAP, OTC-SAPIF)... learn more on Monday, June 26, 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, June 21, 2017
Computer Modelling Group Ltd
Sound bite for Twitter and StockTwits is: Dividend growth tech. This is considered a tech stock, but it is also in the oil and gas sector. It is lately having a hard time as is every stock in the oil and gas sector. The price is probably reasonable. See my spreadsheet on Computer Modelling Group Ltd.
I own this stock of Computer Modelling Group Ltd. (TSX-CMG, OTC-CMDXF). When selling SNC in July 2008, I was looking for something to buy. This company is a dividend paying growth stock that would also be considered to be a small cap with a capitalization at that time of around $115 million. At that time Insiders were buying this stock. It has great growth and it is information technology a favourite sector of mine.
This stock used to have a good record of increasing the dividends. However, it is having a hard time as is all the stocks in the oil and gas sector. Currently they are having a hard time covering the dividend with earnings. They have prudently stopped increasing their dividends. The dividends have been flat since 2015. I doubt there will be any dividend increases until the EPS is above the dividends again. Analysts do not expect that to have over the next couple of years. Analysts do not expect the dividends to decrease either over the next couple of years.
This has been a great stock for me. I have held it for 8.9 years and my total return is 26.99% with 19.72% from capital gains and 7.27% from dividends. The dividends I have received so far have covered 102% of the cost of my shares. I am making a dividend yield of 17.4% on my original stock purchase price.
The thing is that I will continue to do fine on this stock, but people buying it today will not do as well. The easy money on this stock has been made. However, it could do very well again if oil and gas picks up in price. It is hard to know if and when this might occur.
A positive point is that the stock has very good debt ratios. The Liquidity Ratio is 1.96. It has no long term debt. The Debt Ratios is 2.22. The Leverage and Debt/Equity Ratios are 1.82 and 0.82 respectively.
The 5 year low, median and high median Price/Earnings per Share Ratio are 20.70, 30.26 and 37.95. The corresponding 10 year values are 20.34, 25.62 and 30.86. The historical ratios are 9.59, 13.15 and 16.98. The P/E Ratios have grown over time, especially after 2010. The current P/E Ratio is 33.83 based on a stock price of $10.15 and 2017 EPS estimate of $0.30. This stock price testing suggests that the stock price might be reasonable, but it is above the median.
I get a Graham Price of $2.23. The 10 year low, median and high median Price/Graham Price Ratios are 2.60, 3.64 and 4.33. The current P/GP Ratio is 4.55 based on a stock price of $10.15. This stock price testing suggests that the stock is relatively expensive.
I get a 10 year median Price/Book Value per Share Ratio of 11.77. The current P/B Ratio is 13.74 based on a stock price of $10.15 and BVPS of $0.74 ($58.178M BV). The current P/B Ratio is some 16.7% higher than the 10 year median ratio. This stock price testing suggests that the stock price is reasonable, but above the median.
The historical dividend yield is 3.55%. This current dividend yield is 3.94% based on dividends of $0.40 and a stock price of $10.15. The current dividend yield is some 11% higher than the historical 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, Hold, Underperform and Sell recommendations. Most of the recommendations are a Hold, and the consensus recommendation is a Hold. The 12 month stock price consensus is $9.81. This is below the current stock price of $10.15. So the total return would be 0.59% with 3.94% from dividends and a capital loss of 3.35%.
Renata Jones on Sports Perspectives talks about insider selling at this company. Over the past year the Insider Selling/Market Cap Ratio was 0.48%. This is very high as generally this ratio is in the 0.01% or 0.02% range. The problem with selling is that you never know why people are selling. When there is insider buying you know it is because the insider feel good about the company's future.
When insiders sell it could be for a lot of reasons. They may just need to money. Often in tech companies people are selling because of stock options and they look at stock options as part of their salary. For this company I am following the shares held by the CEO, CFO, another officer, two directors and the Chairman. Here the officer, one director and the chairman had the same number of shares as last year. The CFO and one director increased their shares. The CEO decreased his shares.
Sarah Dixon on Clayton News Review gives some technical analysis of this company. She said it has a The Piotroski F-Score of 6, where a score of 9 shows good financial strength and a sore of one show a low value stock. Demetris Afxentiou of Motley Fool likes this stock. See what analysts think of this stock on Stock Chase. They mostly like it, but it is not widely followed.
Computer Modelling Group Ltd. is a computer software technology and consulting company serving the oil and gas industry. CMG is the leading supplier of advanced processes reservoir modelling software in the world with a blue chip client base of international oil companies and technology centers in approximately 50 countries. Its web site is here Computer Modelling Group Ltd.
The last stock I wrote about was about was CI Financial Corp (TSX-CIX, OTC- CIFAF)... learn more. The next stock I will write about will be Parkland Fuel Corp. (TSX-PKI, OTC-PKIUF)... learn more on Friday, June 23, 2017 around 5 pm. Tomorrow on my other blog I will write about Debt Ratios... learn more on Thursday, June 22, 2017around 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 Computer Modelling Group Ltd. (TSX-CMG, OTC-CMDXF). When selling SNC in July 2008, I was looking for something to buy. This company is a dividend paying growth stock that would also be considered to be a small cap with a capitalization at that time of around $115 million. At that time Insiders were buying this stock. It has great growth and it is information technology a favourite sector of mine.
This stock used to have a good record of increasing the dividends. However, it is having a hard time as is all the stocks in the oil and gas sector. Currently they are having a hard time covering the dividend with earnings. They have prudently stopped increasing their dividends. The dividends have been flat since 2015. I doubt there will be any dividend increases until the EPS is above the dividends again. Analysts do not expect that to have over the next couple of years. Analysts do not expect the dividends to decrease either over the next couple of years.
This has been a great stock for me. I have held it for 8.9 years and my total return is 26.99% with 19.72% from capital gains and 7.27% from dividends. The dividends I have received so far have covered 102% of the cost of my shares. I am making a dividend yield of 17.4% on my original stock purchase price.
The thing is that I will continue to do fine on this stock, but people buying it today will not do as well. The easy money on this stock has been made. However, it could do very well again if oil and gas picks up in price. It is hard to know if and when this might occur.
A positive point is that the stock has very good debt ratios. The Liquidity Ratio is 1.96. It has no long term debt. The Debt Ratios is 2.22. The Leverage and Debt/Equity Ratios are 1.82 and 0.82 respectively.
The 5 year low, median and high median Price/Earnings per Share Ratio are 20.70, 30.26 and 37.95. The corresponding 10 year values are 20.34, 25.62 and 30.86. The historical ratios are 9.59, 13.15 and 16.98. The P/E Ratios have grown over time, especially after 2010. The current P/E Ratio is 33.83 based on a stock price of $10.15 and 2017 EPS estimate of $0.30. This stock price testing suggests that the stock price might be reasonable, but it is above the median.
I get a Graham Price of $2.23. The 10 year low, median and high median Price/Graham Price Ratios are 2.60, 3.64 and 4.33. The current P/GP Ratio is 4.55 based on a stock price of $10.15. This stock price testing suggests that the stock is relatively expensive.
I get a 10 year median Price/Book Value per Share Ratio of 11.77. The current P/B Ratio is 13.74 based on a stock price of $10.15 and BVPS of $0.74 ($58.178M BV). The current P/B Ratio is some 16.7% higher than the 10 year median ratio. This stock price testing suggests that the stock price is reasonable, but above the median.
The historical dividend yield is 3.55%. This current dividend yield is 3.94% based on dividends of $0.40 and a stock price of $10.15. The current dividend yield is some 11% higher than the historical 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, Hold, Underperform and Sell recommendations. Most of the recommendations are a Hold, and the consensus recommendation is a Hold. The 12 month stock price consensus is $9.81. This is below the current stock price of $10.15. So the total return would be 0.59% with 3.94% from dividends and a capital loss of 3.35%.
Renata Jones on Sports Perspectives talks about insider selling at this company. Over the past year the Insider Selling/Market Cap Ratio was 0.48%. This is very high as generally this ratio is in the 0.01% or 0.02% range. The problem with selling is that you never know why people are selling. When there is insider buying you know it is because the insider feel good about the company's future.
When insiders sell it could be for a lot of reasons. They may just need to money. Often in tech companies people are selling because of stock options and they look at stock options as part of their salary. For this company I am following the shares held by the CEO, CFO, another officer, two directors and the Chairman. Here the officer, one director and the chairman had the same number of shares as last year. The CFO and one director increased their shares. The CEO decreased his shares.
Sarah Dixon on Clayton News Review gives some technical analysis of this company. She said it has a The Piotroski F-Score of 6, where a score of 9 shows good financial strength and a sore of one show a low value stock. Demetris Afxentiou of Motley Fool likes this stock. See what analysts think of this stock on Stock Chase. They mostly like it, but it is not widely followed.
Computer Modelling Group Ltd. is a computer software technology and consulting company serving the oil and gas industry. CMG is the leading supplier of advanced processes reservoir modelling software in the world with a blue chip client base of international oil companies and technology centers in approximately 50 countries. Its web site is here Computer Modelling Group Ltd.
The last stock I wrote about was about was CI Financial Corp (TSX-CIX, OTC- CIFAF)... learn more. The next stock I will write about will be Parkland Fuel Corp. (TSX-PKI, OTC-PKIUF)... learn more on Friday, June 23, 2017 around 5 pm. Tomorrow on my other blog I will write about Debt Ratios... learn more on Thursday, June 22, 2017around 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, June 19, 2017
CI Financial Corp
Sound bite for Twitter and StockTwits is: Dividend Growth Financial. Stock price is relatively cheap to reasonable. This industry might have seen better days, but I doubt if it will fold up anytime soon. People have been forecasting the demise of this industry for years mainly because of the high fees and mutual fund not beating the market. The industry is slowing changing, but people are still buying mutual funds. See my spreadsheet on CI Financial Corp.
I do not own this stock of CI Financial Corp (TSX-CIX, OTC-CIFAF). I started to follow this stock originally because it was a Mutual Fund company. People talked about it being easier to make money from buying a Mutual Fund company than buying Mutual Funds. When they became a Unit Trust in 2006, dividends were significantly increased, but these dividends proved to be unsustainable. They changed back to a corporation in 2009 and dividends were decreased in 2010.
Since that time, they have been increasing their dividends since 2011. In June 2014, MPL communications called this stock a Buy and advised that they were adding it to their list of Key Stock for the Investment reporter.
Currently the dividend is moderate to good and the dividend increases moderate. These have been up and down during this company's history, but that was because it became an income trust and then a corporation again. The current dividend is 5.21% which is good, but the historical median dividend yield is 3.47% which is moderate.
The dividend growth over the past 5 and 10 years is at 9% and 15.7% per year. The 9% increase is moderate and the 15.7% is good. The last dividend increase was in 2017 and it was for just 2.2% which is a low increase. The increase in 2015 was low also at 4.5%.
They can afford the dividends. The Dividend Payout Ratio for 2016 for EPS is 73.2% and the 5 year median is 69.2%. The Dividend Payout Ratio of 2016 for CFPS is a bit high at 58% with a 5 year median of 52%. I prefer to see the last one no higher than 40%.
For Mutual Fund companies, analysts tend to look at Assets under Management (AUM) rather than revenue to see if there is growth. For this company the AUM has grown by 11% and 7.6% per year over the past 5 and 10 years. This growth is quite good.
The 5 year low, median and high median Price/Earnings per Share Ratios are 16.57, 18.32 and 19.89. The 10 year values are 14.66, 16.51 and 19.08. The historical values are 15.93, 18.32 and 20.10. The current P/E Ratio is 12.64 based on a stock price of $27.05 and 2017 EPS estimate of $2.14. This stock price testing suggests that the stock price is relatively cheap.
I get a Graham Price of $17.70. The 10 year low, median and high median Price/Graham Price Ratios are 1.49, 1.69 and 1.95. The current P/GP Ratio is 1.53 based on a stock price of $27.05. This stock price testing suggests that the stock price is relatively reasonable and below the median.
I get a 10 year Price/Book Value per Share Ratio of 3.99. The current P/B Ratio is 4.16 a values some 4% higher. The current P/B Ratio is based on BVPS of $6.51 (BV of $1724.1M) and a stock price of $27.05. This stock price testing suggests that the stock price is relatively reasonable but above the median.
The historical median dividend yield is 3.47%. The current dividend yield is 5.21% a value some 50% higher based on dividends of $1.41 and a stock price of $27.05. This stock price testing suggests that the stock price is relatively cheap.
The 10 year P/S Ratio is 4.31. The current P/S Ratio is 3.48 based on 2017 Revenue estimate of $2060M, Revenue per Share of $7.76 and a stock price of $27.05. The current P/S Ratio is some 19% lower than the 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable and below the median. (If the current ratio had been 20% then the 10 year median, then the stock price test would be showing that the stock is relatively cheap.)
When I look at analysts' recommendations, I find Strong Buy, Buy, Hold and Underperform. Most of the recommendations are a Buy and the consensus recommendation would be a Buy. The 12 month stock price is $29.61. This implies a total return of 14.68% with 9.46% from capital gains and 5.21% from dividends.
Stephanie Bedard-Chateauneuf of Motley Fool likes this company better than IGM Financial Inc. (TSX-IGM, OTC-IGIFF). Sarah Dixon on Clayton News Review gives some statistics on this stock. She says that the The Piotroski F-Score on this stock is 6. Ivanka Thompson on Bangalore Weekly talks about some recent analysts' recommendations on this stock. Analysts have mixed views on Stock Chase.
CI Financial Corp. is a diversified wealth management firm and one of Canada's largest investment fund companies. CI is an Independent and Canadian-owned company. This company promotes and manages mutual funds and other investment products through its wholly-owned subsidiaries of CI Investments Inc., and Assante Wealth Management. CI became a public company in June 1994. It was then listed on the Toronto Stock Exchange. Its web site is here CI Financial Corp.
The last stock I wrote about was about was Algonquin Power & Utilities Corp (TSX-AQN, NTSE-AQN)... learn more. The next stock I will write about will be Computer Modelling Group Ltd. (TSX-CMG, OTC-CMDXF)... learn more on Wednesday, June 21, 2017 around 5 pm. Tomorrow on my other blog I will write about More is Not Better... learn more on Tuesday, June 20, 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 CI Financial Corp (TSX-CIX, OTC-CIFAF). I started to follow this stock originally because it was a Mutual Fund company. People talked about it being easier to make money from buying a Mutual Fund company than buying Mutual Funds. When they became a Unit Trust in 2006, dividends were significantly increased, but these dividends proved to be unsustainable. They changed back to a corporation in 2009 and dividends were decreased in 2010.
Since that time, they have been increasing their dividends since 2011. In June 2014, MPL communications called this stock a Buy and advised that they were adding it to their list of Key Stock for the Investment reporter.
Currently the dividend is moderate to good and the dividend increases moderate. These have been up and down during this company's history, but that was because it became an income trust and then a corporation again. The current dividend is 5.21% which is good, but the historical median dividend yield is 3.47% which is moderate.
The dividend growth over the past 5 and 10 years is at 9% and 15.7% per year. The 9% increase is moderate and the 15.7% is good. The last dividend increase was in 2017 and it was for just 2.2% which is a low increase. The increase in 2015 was low also at 4.5%.
They can afford the dividends. The Dividend Payout Ratio for 2016 for EPS is 73.2% and the 5 year median is 69.2%. The Dividend Payout Ratio of 2016 for CFPS is a bit high at 58% with a 5 year median of 52%. I prefer to see the last one no higher than 40%.
For Mutual Fund companies, analysts tend to look at Assets under Management (AUM) rather than revenue to see if there is growth. For this company the AUM has grown by 11% and 7.6% per year over the past 5 and 10 years. This growth is quite good.
The 5 year low, median and high median Price/Earnings per Share Ratios are 16.57, 18.32 and 19.89. The 10 year values are 14.66, 16.51 and 19.08. The historical values are 15.93, 18.32 and 20.10. The current P/E Ratio is 12.64 based on a stock price of $27.05 and 2017 EPS estimate of $2.14. This stock price testing suggests that the stock price is relatively cheap.
I get a Graham Price of $17.70. The 10 year low, median and high median Price/Graham Price Ratios are 1.49, 1.69 and 1.95. The current P/GP Ratio is 1.53 based on a stock price of $27.05. This stock price testing suggests that the stock price is relatively reasonable and below the median.
I get a 10 year Price/Book Value per Share Ratio of 3.99. The current P/B Ratio is 4.16 a values some 4% higher. The current P/B Ratio is based on BVPS of $6.51 (BV of $1724.1M) and a stock price of $27.05. This stock price testing suggests that the stock price is relatively reasonable but above the median.
The historical median dividend yield is 3.47%. The current dividend yield is 5.21% a value some 50% higher based on dividends of $1.41 and a stock price of $27.05. This stock price testing suggests that the stock price is relatively cheap.
The 10 year P/S Ratio is 4.31. The current P/S Ratio is 3.48 based on 2017 Revenue estimate of $2060M, Revenue per Share of $7.76 and a stock price of $27.05. The current P/S Ratio is some 19% lower than the 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable and below the median. (If the current ratio had been 20% then the 10 year median, then the stock price test would be showing that the stock is relatively cheap.)
When I look at analysts' recommendations, I find Strong Buy, Buy, Hold and Underperform. Most of the recommendations are a Buy and the consensus recommendation would be a Buy. The 12 month stock price is $29.61. This implies a total return of 14.68% with 9.46% from capital gains and 5.21% from dividends.
Stephanie Bedard-Chateauneuf of Motley Fool likes this company better than IGM Financial Inc. (TSX-IGM, OTC-IGIFF). Sarah Dixon on Clayton News Review gives some statistics on this stock. She says that the The Piotroski F-Score on this stock is 6. Ivanka Thompson on Bangalore Weekly talks about some recent analysts' recommendations on this stock. Analysts have mixed views on Stock Chase.
CI Financial Corp. is a diversified wealth management firm and one of Canada's largest investment fund companies. CI is an Independent and Canadian-owned company. This company promotes and manages mutual funds and other investment products through its wholly-owned subsidiaries of CI Investments Inc., and Assante Wealth Management. CI became a public company in June 1994. It was then listed on the Toronto Stock Exchange. Its web site is here CI Financial Corp.
The last stock I wrote about was about was Algonquin Power & Utilities Corp (TSX-AQN, NTSE-AQN)... learn more. The next stock I will write about will be Computer Modelling Group Ltd. (TSX-CMG, OTC-CMDXF)... learn more on Wednesday, June 21, 2017 around 5 pm. Tomorrow on my other blog I will write about More is Not Better... learn more on Tuesday, June 20, 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, June 16, 2017
Algonquin Power & Utilities Corp
Sound bite for Twitter and StockTwits is: Dividend Growth Utility. Stock price is probably reasonable. The main reason for the stock price testing to be so different is that although revenue has been growing faster than book value and growth is in the last 5 years. The 10 year growth is much lower than the 5 year growth. See my spreadsheet on Algonquin Power & Utilities Corp.
I do not own this stock of Algonquin Power & Utilities Corp (TSX-AQN, NTSE-AQN). This is a dividend paying utility stocks. I got it off a list of dividend paying utility stocks. Also, I own Emera Inc. and this company owns shares in Algonquin Power.
This stock started to be listed on the NYSE in November of 2016. Here is the announcement on Newswire.
This is a Canadian company that reports in Canadian dollars, but pays the dividend in US$. They are listed on the NYSE. I find this paying dividends in US$ annoying. I do not like US$ dividends as you never know exactly what you are going to get. Also, since they report in CDN$ it is hard to valuate about Dividend Payout Ratios. (It is easy to get it wrong.)
They switched to paying dividends in US$ in 2014. So looking at dividend growth over the past 5 and 10 years in US$ and CDN$ you get quite different values. The growth of the dividends over the past 5 years in US$ is 9.61% per year and in CDN$ is 15.87% per year. The decline in dividends over the past 10 years is in US$ at 6.46% per year and in CDN$ is 5.13% per year.
This company used to be an income trust company. As such it decreased it dividends by some 74% when it changed to a corporation. The change was in 2009 and the dividend decreases was in 2008. The company started to increase their dividends again in 2010.
The Dividend Payout Ratio for 2016 was high at 123% and it has a 5 year median of 123% also. However, they did have a tax pool that will probably last until 2019. Also, analysts expect the DPR for EPS will be around 99% in 2017. They seem to have a good chance to have a reasonable DPR for EPS before the Tax Pool runs out.
Debt Ratios are marginal. The Liquidity Ratio for 2017 is just 0.90 with a 5 year median of 1.08. A Liquidity Ratio below 1.00 means that current cash cannot cover current liabilities. With cash flow added in after dividends it becomes 1.16. It is typical for utilities to need cash flow to get a high enough Liquidity Ratio. The Debt Ratio is 1.43 with a 5 year median of 1.81. I like both of these to be at 1.50 or above for the sake of safety.
The Leverage and Debt/Equity Ratios are even a little too high for a utility at 4.29 and 3.00. I prefer these for utilities to be below 4.00 and 3.00 respectively. For 2017 the Debt/Market Cap Ratio is 1.25. It is not good for this ratio to be close or above 1.00. If the ratio is 1.00, it means that Long Term debt is equal to the stock's market cap. However, in the first quarter it moved down to 0.89 because of lower long term debt and higher market cap.
The Return on Equity is below 10% always. The ROE for 2017 is 6.3% and the 5 year median is 5.5%. The ROE on comprehensive income is somewhat better over the past 5 years with a 5 year median of 8.9%, but the ROE on comprehensive income was 5.2% in 2017.
It is interesting to look at this company long term. The capital gain is at 0.45%, 0.61% 1.38% and 12.15% per year over the past 19, 15, 10 and 5 years. This company was listed on TSX in December 1997, 19 years ago. The total return is at 7.33%, 6.69%, 5.84% and 17% per year over the same time periods. In the early years, the return was all dividends. This can occur in income trust stock. However, once a company becomes a corporation, dividends will be lower. Before the dividends were decreased, the long term median dividend yield was 9.1%.
The 5 year low, median and high median Price/Earnings per Share Ratio are 23.61, 27.63 and 32.55. The 10 year values are 23.16, 26.55 and 29.29. The historical values are 23.75, 27.63 and 31.22. I think that these are rather high for a utility stock. The current P/E Ratio for is 22.13 based on a stock price of 13.94 and 2017 EPS estimate of $0.63. This stock price testing suggests that the stock price is relatively cheap.
I get a Graham Price of 10.12. The 10 year low, median and high median Price/Graham Price Ratios are 1.19, 1.40 and 1.58. The current P/GP Ratio is 1.38 based on a stock price of $13.94. This stock price test suggests that the stock price is relatively reasonable and below the median.
I get a 10 year Price/Book Value per Share Ratio of 1.49. The current P/B ratio is 1.76. The current P/B Ratio is based on BVPS of $7.22 ($2,778.6M BV) and a stock price of $13.94. The current P/B Ratio is some 29% above the 10 year median. This stock price testing suggests that the stock price is relatively expensive.
If I use an adjusted historical median dividend yield, which I get to be 2.99%, the current Dividend yield of 4.50% is some 50% higher. The current dividend yield is based on dividends of $0.63 CDN$ ($0.47 US$), current exchange rate of 1.3453 and a stock price of $3.94. This stock price testing suggests that the stock price is relatively cheap.
The 10 year median P/S Ratio is 2.38. The current P/S Ratio is 2.49 based on a stock price of 13.94, Revenue of $2,150M and Revenue per Share of $5.59. The current P/S Ratio is some 5% higher than the 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable but above the median.
When I look at analysts' recommendations, I find Strong Buy, Buy and Hold recommendations. Most of the recommendations are a Buy and the consensus would be a Buy. The 12 month stock price consensus is $14.30. This implies a total return of 7.08% with 2.58% from capital gains and 4.50% from dividends based on a current stock price of $13.94.
Ryan Goldsman at Motley Fool calls this a defensive company. Chris MacDonald on Bay Street talks about insider buying. Tristan Rich on The Markets Daily talks about recent recommendations for this stock. See what analysts are saying about this company on Stock Chase. They remark on its recent run-up.
APUC owns and operates a diversified portfolio of clean renewable electric generation and sustainable utility distribution businesses in North America. Liberty Water Co., APUC's water utility subsidiary, provides regulated water utility services. Through its wholly owned subsidiary Liberty Energy Utilities Co., APUC provides regulated electricity and natural gas distribution services. Algonquin Power Co., APUC's electric generation subsidiary, includes renewable energy facilities and thermal energy facilities. Its web site is here Algonquin Power & Utilities Corp.
The last stock I wrote about was about was Power Corp of Canada (TSX-POW, OTC-PWCDF)... learn more. The next stock I will write about will be CI Financial Corp (TSX-CIX, OTC- CIFAF)... learn more on Monday, June19, 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 Algonquin Power & Utilities Corp (TSX-AQN, NTSE-AQN). This is a dividend paying utility stocks. I got it off a list of dividend paying utility stocks. Also, I own Emera Inc. and this company owns shares in Algonquin Power.
This stock started to be listed on the NYSE in November of 2016. Here is the announcement on Newswire.
This is a Canadian company that reports in Canadian dollars, but pays the dividend in US$. They are listed on the NYSE. I find this paying dividends in US$ annoying. I do not like US$ dividends as you never know exactly what you are going to get. Also, since they report in CDN$ it is hard to valuate about Dividend Payout Ratios. (It is easy to get it wrong.)
They switched to paying dividends in US$ in 2014. So looking at dividend growth over the past 5 and 10 years in US$ and CDN$ you get quite different values. The growth of the dividends over the past 5 years in US$ is 9.61% per year and in CDN$ is 15.87% per year. The decline in dividends over the past 10 years is in US$ at 6.46% per year and in CDN$ is 5.13% per year.
This company used to be an income trust company. As such it decreased it dividends by some 74% when it changed to a corporation. The change was in 2009 and the dividend decreases was in 2008. The company started to increase their dividends again in 2010.
The Dividend Payout Ratio for 2016 was high at 123% and it has a 5 year median of 123% also. However, they did have a tax pool that will probably last until 2019. Also, analysts expect the DPR for EPS will be around 99% in 2017. They seem to have a good chance to have a reasonable DPR for EPS before the Tax Pool runs out.
Debt Ratios are marginal. The Liquidity Ratio for 2017 is just 0.90 with a 5 year median of 1.08. A Liquidity Ratio below 1.00 means that current cash cannot cover current liabilities. With cash flow added in after dividends it becomes 1.16. It is typical for utilities to need cash flow to get a high enough Liquidity Ratio. The Debt Ratio is 1.43 with a 5 year median of 1.81. I like both of these to be at 1.50 or above for the sake of safety.
The Leverage and Debt/Equity Ratios are even a little too high for a utility at 4.29 and 3.00. I prefer these for utilities to be below 4.00 and 3.00 respectively. For 2017 the Debt/Market Cap Ratio is 1.25. It is not good for this ratio to be close or above 1.00. If the ratio is 1.00, it means that Long Term debt is equal to the stock's market cap. However, in the first quarter it moved down to 0.89 because of lower long term debt and higher market cap.
The Return on Equity is below 10% always. The ROE for 2017 is 6.3% and the 5 year median is 5.5%. The ROE on comprehensive income is somewhat better over the past 5 years with a 5 year median of 8.9%, but the ROE on comprehensive income was 5.2% in 2017.
It is interesting to look at this company long term. The capital gain is at 0.45%, 0.61% 1.38% and 12.15% per year over the past 19, 15, 10 and 5 years. This company was listed on TSX in December 1997, 19 years ago. The total return is at 7.33%, 6.69%, 5.84% and 17% per year over the same time periods. In the early years, the return was all dividends. This can occur in income trust stock. However, once a company becomes a corporation, dividends will be lower. Before the dividends were decreased, the long term median dividend yield was 9.1%.
The 5 year low, median and high median Price/Earnings per Share Ratio are 23.61, 27.63 and 32.55. The 10 year values are 23.16, 26.55 and 29.29. The historical values are 23.75, 27.63 and 31.22. I think that these are rather high for a utility stock. The current P/E Ratio for is 22.13 based on a stock price of 13.94 and 2017 EPS estimate of $0.63. This stock price testing suggests that the stock price is relatively cheap.
I get a Graham Price of 10.12. The 10 year low, median and high median Price/Graham Price Ratios are 1.19, 1.40 and 1.58. The current P/GP Ratio is 1.38 based on a stock price of $13.94. This stock price test suggests that the stock price is relatively reasonable and below the median.
I get a 10 year Price/Book Value per Share Ratio of 1.49. The current P/B ratio is 1.76. The current P/B Ratio is based on BVPS of $7.22 ($2,778.6M BV) and a stock price of $13.94. The current P/B Ratio is some 29% above the 10 year median. This stock price testing suggests that the stock price is relatively expensive.
If I use an adjusted historical median dividend yield, which I get to be 2.99%, the current Dividend yield of 4.50% is some 50% higher. The current dividend yield is based on dividends of $0.63 CDN$ ($0.47 US$), current exchange rate of 1.3453 and a stock price of $3.94. This stock price testing suggests that the stock price is relatively cheap.
The 10 year median P/S Ratio is 2.38. The current P/S Ratio is 2.49 based on a stock price of 13.94, Revenue of $2,150M and Revenue per Share of $5.59. The current P/S Ratio is some 5% higher than the 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable but above the median.
When I look at analysts' recommendations, I find Strong Buy, Buy and Hold recommendations. Most of the recommendations are a Buy and the consensus would be a Buy. The 12 month stock price consensus is $14.30. This implies a total return of 7.08% with 2.58% from capital gains and 4.50% from dividends based on a current stock price of $13.94.
Ryan Goldsman at Motley Fool calls this a defensive company. Chris MacDonald on Bay Street talks about insider buying. Tristan Rich on The Markets Daily talks about recent recommendations for this stock. See what analysts are saying about this company on Stock Chase. They remark on its recent run-up.
APUC owns and operates a diversified portfolio of clean renewable electric generation and sustainable utility distribution businesses in North America. Liberty Water Co., APUC's water utility subsidiary, provides regulated water utility services. Through its wholly owned subsidiary Liberty Energy Utilities Co., APUC provides regulated electricity and natural gas distribution services. Algonquin Power Co., APUC's electric generation subsidiary, includes renewable energy facilities and thermal energy facilities. Its web site is here Algonquin Power & Utilities Corp.
The last stock I wrote about was about was Power Corp of Canada (TSX-POW, OTC-PWCDF)... learn more. The next stock I will write about will be CI Financial Corp (TSX-CIX, OTC- CIFAF)... learn more on Monday, June19, 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, June 14, 2017
Power Corp of Canada
Sound bite for Twitter and StockTwits is: Dividend Growth Stock. The way to make money long term is buy good dividend growth companies when they are cheap (or at least at a reasonable price) and hold on to them. This company is rather cheap and it is a dividend growth company. See my spreadsheet on Power Corp of Canada.
I do not own this stock of Power Corp of Canada (TSX-POW, OTC-PWCDF). I started following this stock because it was on the Dividend Achievers, the Dividend Aristocrats lists and also on Mike Higgs' list. It is a stock that I notice has been recommended lately as good value (October 2008). I would not buy it because I have shares in Power Financial, which this company controls. My son owns this company as he bought it instead of Power Financial.
Currently, the dividend yield on this stock is good with low growth. The current dividend yield is 4.91% based on dividends of $1.43 and a stock price of $29.19. The 5 year median is 4%. The growth over the past 5 and 10 years is 4% and 5.6% per year. There was no dividend growth from 2010 and 2014 inclusive and this is why dividend growth has been quite low lately.
This company is in financial services and these sorts of company have had a hard time coming out of the last recession. They own a lot of insurance companies and insurance companies especially had a hard time dealing with very low interest rates.
This company used to have moderate dividend yields and good growth. The dividends used to be in the 2% range and the dividend increases in the 17% range. I do not see this happening again with the very low interest rates. It is hard to say how long we will have very low interest rates. These sorts of things go on longer than you image.
The stock has picked up recently. Over the past 5 years the stock has a total return of 9.37% per year with 4.76% per year from capital gains and 4.61% per year from dividends. The 10 year return is lousy with a total return of 1.89% per year with a capital loss of 1.59% per year and dividends of 3.49% per year.
I have data on this company back to 1987, so I took a look at 15 and 20 year returns. The total return over the past 15 years is 6.72% per year with 2.93% per year from capital gains 3.78% per year from dividends. The total return over the past 20 years is 12.35% per year with 7.65% per year from capital gains and 4.69% per year from dividends. This is rather quite a good longer term return. That is why I buy and hold for the longer term.
The 5 year low, median and high median Price/Earnings per Share Ratios are 11.54, 12.46 and 13.38. The corresponding 10 year ratios are 10.96, 13.12 and 14.37. The historical ratios are 10.97, 13.10 and 15.00. The current P/E Ratio is 12.37 based on a stock price of $29.19 and EPS estimate for 2017 of 2.36. This stock price testing suggests that the stock price is relatively reasonable and around the median or slightly below the median.
I get a Graham Price of $46.56. The 10 year low, median and high median Price/Graham Price Ratios are 0.75, 0.92 and 1.06. The current P/GP Ratio is 0.63 based on a stock price of $29.19. This stock price testing suggests that the stock price is relatively cheap.
The 10 year median Price/Book Value per Share Ratio is 1.34. The current P/B Ratio is 0.72 a values some 46% lower. The current P/B Ratio is based on BVPS of $40.82 ($18,932M BV) and a stock price of $29.19. This stock price testing suggests that the stock price is relatively cheap.
I get an historical dividend yield is 2.30%. The current dividend yield is 4.91% based on a stock price of $29.19 and dividends of $1.43. The current dividend yield is some 113% higher than the historical dividend yield. Even the 5 year median dividend yield is 23% lower at 4%. 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 of the recommendations are a Hold so the consensus recommendations would be a Hold. The 12 month stock price consensus is $33.29. This implies a total return of 18.96% with 14.05% from capital gains and 4.91% from dividends. To me these figures do not match up as it is a good return for a Hold recommendation.
Power Corporation of Canada is a diversified international management and holding company with interests in companies in the financial services, communications and other business sectors in North America, Europe and Asia. Some of it subsidiary companies include Power Financial, the Pargesa group and Gesca and Square Victoria Digital Properties. Its web site is here Power Corp of Canada.
Sandrine Rastello and Gerrit De Vynck via Bloomberg writes in the Globe and Mail about Power Corp inviting in FinTech to spur innovation in the company. They see FinTech as the future. Staff writers at The Standard talks about some technical indicators for this stock. The RSI indicators show that the stock is neither under or overvalued. Marguerite Chambers on Huron Report talks about recent analysts ratings for this company. See what analysts are saying about this company on Stock Chase. Views vary widely on this company.
The last stock I wrote about was about was Liquor Stores N. A. Ltd. (TSX-LIQ, OTC-LQSIF)... learn more. The next stock I will write about will be Algonquin Power & Utilities Corp (TSX-AQN, NTSE-AQN)... learn more on Friday, June 16, 2017 around 5 pm. Tomorrow on my other blog I will write about Investing Easy... learn more on Thursday, June 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 Power Corp of Canada (TSX-POW, OTC-PWCDF). I started following this stock because it was on the Dividend Achievers, the Dividend Aristocrats lists and also on Mike Higgs' list. It is a stock that I notice has been recommended lately as good value (October 2008). I would not buy it because I have shares in Power Financial, which this company controls. My son owns this company as he bought it instead of Power Financial.
Currently, the dividend yield on this stock is good with low growth. The current dividend yield is 4.91% based on dividends of $1.43 and a stock price of $29.19. The 5 year median is 4%. The growth over the past 5 and 10 years is 4% and 5.6% per year. There was no dividend growth from 2010 and 2014 inclusive and this is why dividend growth has been quite low lately.
This company is in financial services and these sorts of company have had a hard time coming out of the last recession. They own a lot of insurance companies and insurance companies especially had a hard time dealing with very low interest rates.
This company used to have moderate dividend yields and good growth. The dividends used to be in the 2% range and the dividend increases in the 17% range. I do not see this happening again with the very low interest rates. It is hard to say how long we will have very low interest rates. These sorts of things go on longer than you image.
The stock has picked up recently. Over the past 5 years the stock has a total return of 9.37% per year with 4.76% per year from capital gains and 4.61% per year from dividends. The 10 year return is lousy with a total return of 1.89% per year with a capital loss of 1.59% per year and dividends of 3.49% per year.
I have data on this company back to 1987, so I took a look at 15 and 20 year returns. The total return over the past 15 years is 6.72% per year with 2.93% per year from capital gains 3.78% per year from dividends. The total return over the past 20 years is 12.35% per year with 7.65% per year from capital gains and 4.69% per year from dividends. This is rather quite a good longer term return. That is why I buy and hold for the longer term.
The 5 year low, median and high median Price/Earnings per Share Ratios are 11.54, 12.46 and 13.38. The corresponding 10 year ratios are 10.96, 13.12 and 14.37. The historical ratios are 10.97, 13.10 and 15.00. The current P/E Ratio is 12.37 based on a stock price of $29.19 and EPS estimate for 2017 of 2.36. This stock price testing suggests that the stock price is relatively reasonable and around the median or slightly below the median.
I get a Graham Price of $46.56. The 10 year low, median and high median Price/Graham Price Ratios are 0.75, 0.92 and 1.06. The current P/GP Ratio is 0.63 based on a stock price of $29.19. This stock price testing suggests that the stock price is relatively cheap.
The 10 year median Price/Book Value per Share Ratio is 1.34. The current P/B Ratio is 0.72 a values some 46% lower. The current P/B Ratio is based on BVPS of $40.82 ($18,932M BV) and a stock price of $29.19. This stock price testing suggests that the stock price is relatively cheap.
I get an historical dividend yield is 2.30%. The current dividend yield is 4.91% based on a stock price of $29.19 and dividends of $1.43. The current dividend yield is some 113% higher than the historical dividend yield. Even the 5 year median dividend yield is 23% lower at 4%. 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 of the recommendations are a Hold so the consensus recommendations would be a Hold. The 12 month stock price consensus is $33.29. This implies a total return of 18.96% with 14.05% from capital gains and 4.91% from dividends. To me these figures do not match up as it is a good return for a Hold recommendation.
Power Corporation of Canada is a diversified international management and holding company with interests in companies in the financial services, communications and other business sectors in North America, Europe and Asia. Some of it subsidiary companies include Power Financial, the Pargesa group and Gesca and Square Victoria Digital Properties. Its web site is here Power Corp of Canada.
Sandrine Rastello and Gerrit De Vynck via Bloomberg writes in the Globe and Mail about Power Corp inviting in FinTech to spur innovation in the company. They see FinTech as the future. Staff writers at The Standard talks about some technical indicators for this stock. The RSI indicators show that the stock is neither under or overvalued. Marguerite Chambers on Huron Report talks about recent analysts ratings for this company. See what analysts are saying about this company on Stock Chase. Views vary widely on this company.
The last stock I wrote about was about was Liquor Stores N. A. Ltd. (TSX-LIQ, OTC-LQSIF)... learn more. The next stock I will write about will be Algonquin Power & Utilities Corp (TSX-AQN, NTSE-AQN)... learn more on Friday, June 16, 2017 around 5 pm. Tomorrow on my other blog I will write about Investing Easy... learn more on Thursday, June 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.
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