Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CA$10.00, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 20x in the Consumer Retailing industry in Canada. Total loss to shareholders of 22% over the past year. Reported Earnings • May 22
First quarter 2026 earnings released: EPS: US$0.22 (vs US$0.50 in 1Q 2025) First quarter 2026 results: EPS: US$0.22 (down from US$0.50 in 1Q 2025). Revenue: US$149.2m (down 3.9% from 1Q 2025). Net income: US$5.36m (down 55% from 1Q 2025). Profit margin: 3.6% (down from 7.7% in 1Q 2025). Annuncio • May 01
Sucro Limited to Report Q1, 2026 Results on May 20, 2026 Sucro Limited announced that they will report Q1, 2026 results Pre-Market on May 20, 2026 Buy Or Sell Opportunity • May 01
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.2% to CA$11.47. The fair value is estimated to be CA$15.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 54%. Reported Earnings • Apr 18
Full year 2025 earnings released: EPS: US$3.67 (vs US$3.10 in FY 2024) Full year 2025 results: EPS: US$3.67 (up from US$3.10 in FY 2024). Revenue: US$668.9m (up 2.2% from FY 2024). Net income: US$40.5m (up 73% from FY 2024). Profit margin: 6.1% (up from 3.6% in FY 2024). Annuncio • Apr 03
Sucro Limited to Report Q4, 2025 Results on Apr 16, 2026 Sucro Limited announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Apr 16, 2026 New Risk • Mar 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings have declined by 21% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Annuncio • Mar 23
Sucro Limited, Annual General Meeting, May 29, 2026 Sucro Limited, Annual General Meeting, May 29, 2026. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CA$10.01, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 23x in the Consumer Retailing industry in Canada. Total loss to shareholders of 17% over the past year. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CA$10.50, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 23x in the Consumer Retailing industry in Canada. Total loss to shareholders of 2.3% over the past year. Reported Earnings • Nov 21
Third quarter 2025 earnings released: EPS: US$1.42 (vs US$1.02 in 3Q 2024) Third quarter 2025 results: EPS: US$1.42 (up from US$1.02 in 3Q 2024). Revenue: US$132.9m (down 23% from 3Q 2024). Net income: US$15.6m (up 119% from 3Q 2024). Profit margin: 12% (up from 4.2% in 3Q 2024). The increase in margin was driven by lower expenses. Annuncio • Oct 21
Sucro Limited to Report Q3, 2025 Results on Nov 20, 2025 Sucro Limited announced that they will report Q3, 2025 results Pre-Market on Nov 20, 2025 Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: US$0.17 (vs US$0.55 in 2Q 2024) Second quarter 2025 results: EPS: US$0.17 (down from US$0.55 in 2Q 2024). Revenue: US$231.4m (up 68% from 2Q 2024). Net income: US$1.81m (down 53% from 2Q 2024). Profit margin: 0.8% (down from 2.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Annuncio • Aug 06
Sucro Limited to Report Q2, 2025 Results on Aug 21, 2025 Sucro Limited announced that they will report Q2, 2025 results Pre-Market on Aug 21, 2025 Reported Earnings • May 23
First quarter 2025 earnings released: EPS: US$1.10 (vs US$2.84 in 1Q 2024) First quarter 2025 results: EPS: US$1.10 (down from US$2.84 in 1Q 2024). Revenue: US$155.2m (down 16% from 1Q 2024). Net income: US$12.0m (down 39% from 1Q 2024). Profit margin: 7.7% (down from 11% in 1Q 2024). The decrease in margin was driven by lower revenue. Annuncio • May 13
Sucro Limited to Report Q1, 2025 Results on May 23, 2025 Sucro Limited announced that they will report Q1, 2025 results Pre-Market on May 23, 2025 Reported Earnings • Apr 11
Full year 2024 earnings released: EPS: US$3.10 (vs US$2.67 in FY 2023) Full year 2024 results: EPS: US$3.10 (up from US$2.67 in FY 2023). Revenue: US$654.4m (up 32% from FY 2023). Net income: US$23.4m (up 39% from FY 2023). Profit margin: 3.6% (up from 3.4% in FY 2023). The increase in margin was driven by higher revenue. Annuncio • Apr 02
Sucro Limited to Report Q4, 2024 Results on Apr 10, 2025 Sucro Limited announced that they will report Q4, 2024 results at 9:30 AM, US Eastern Standard Time on Apr 10, 2025 Annuncio • Mar 12
Sucro Limited, Annual General Meeting, May 22, 2025 Sucro Limited, Annual General Meeting, May 22, 2025. Recent Insider Transactions Derivative • Jan 03
VP of Sales & Operations - Canada exercised options to buy CA$349k worth of stock. On the 31st of December, Eli Cohen exercised options to buy 28k shares at a strike price of around CA$12.50, costing a total of CA$349k. As of today, Eli currently holds no shares directly. Company insiders have collectively sold CA$33m more than they bought, via options and on-market transactions in the last 12 months. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CA$11.75, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 22x in the Consumer Retailing industry in Canada. Total returns to shareholders of 19% over the past year. Reported Earnings • Nov 24
Third quarter 2024 earnings released: EPS: US$1.02 (vs US$0.27 in 3Q 2023) Third quarter 2024 results: EPS: US$1.02 (up from US$0.27 in 3Q 2023). Revenue: US$171.9m (up 24% from 3Q 2023). Net income: US$7.15m (up 261% from 3Q 2023). Profit margin: 4.2% (up from 1.4% in 3Q 2023). The increase in margin was driven by higher revenue. Annuncio • Nov 13
Sucro Limited to Report Q3, 2024 Results on Nov 22, 2024 Sucro Limited announced that they will report Q3, 2024 results Pre-Market on Nov 22, 2024 Recent Insider Transactions Derivative • Nov 08
President exercised options and sold CA$34m worth of stock On the 5th of November, Jonathan Taylor exercised options to acquire 4m shares at no cost and sold these for an average price of CA$9.00 per share. This trade did not impact their existing holding. For the year to December 2022, Jonathan's total compensation was 33% salary and 67% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2024, Jonathan has owned 158.94k shares directly. This was the only transaction from an insider over the last 12 months. Annuncio • Nov 06
Beta San Miguel, S.A. De C.V. completed the acquisition of 15.9% minority stake in Sucro Limited (TSXV:SUGR) from SC Americas Corp for CAD 33.8 million. Beta San Miguel, S.A. De C.V. acquired 15.9% minority stake in Sucro Limited (TSXV:SUGR) from SC Americas Corp for CAD 33.8 million on November 5, 2024. BSM acquired 3,750,000 subordinate voting shares (the "Acquired Shares") from SC Americas, representing 15.93% of the voting and equity shares of Sucro, at a price of CAD 9.00 per share for total consideration of CAD 33.8 million. Immediately prior to the transaction, SC Americas directly beneficially owned 158,941.02 proportionate voting shares, representing approximately 67.5% of the voting and equity shares of Sucro (and approximately 95.1% of the proportionate voting shares). Upon completion of the transaction, SC Americas directly beneficially owns 121,441.02 proportionate voting shares, representing approximately 51.6% of the voting and equity shares of Sucro (and approximately 93.6% of the proportionate voting shares).
Beta San Miguel, S.A. De C.V. completed the acquisition of 15.9% minority stake in Sucro Limited (TSXV:SUGR) from SC Americas Corp on November 5, 2024. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CA$8.40, the stock trades at a trailing P/E ratio of 3.6x. Average forward P/E is 22x in the Consumer Retailing industry in Canada. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: US$0.57 (vs US$2.32 in 2Q 2023) Second quarter 2024 results: EPS: US$0.57 (down from US$2.32 in 2Q 2023). Revenue: US$137.7m (up 17% from 2Q 2023). Net income: US$3.96m (down 77% from 2Q 2023). Profit margin: 2.9% (down from 14% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Consumer Retailing industry in Canada. Annuncio • Aug 08
Sucro Limited to Report Q2, 2024 Results on Aug 29, 2024 Sucro Limited announced that they will report Q2, 2024 results Pre-Market on Aug 29, 2024 Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: US$2.84 (vs US$1.77 in 1Q 2023) First quarter 2024 results: EPS: US$2.84 (up from US$1.77 in 1Q 2023). Revenue: US$184.3m (up 47% from 1Q 2023). Net income: US$19.5m (up 112% from 1Q 2023). Profit margin: 11% (up from 7.4% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Consumer Retailing industry in Canada. Board Change • Jun 03
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Lead Independent Director Andrew Ferrier was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • May 31
Sucro Limited Announces Board Changes Sucro Limited announced changes to its board of directors as a result of elections at its annual shareholders' meeting held May 30, 2024 (the "Meeting") as well as the approval by shareholders of a stock purchase plan for employees of the Company and its subsidiaries. The Company welcomes Mr. William Billings to its board of directors, who was elected at the Meeting subject to regulatory approval. Mr. Billings is a finance and accounting professional and currently serves as the Vice President, Finance of GlobalFoundries Inc. Will previously led global operations for Airbnb Inc. and served as a global controller for World Fuel Services Corporation and General Electric Company. Will began his career in public accounting and currently serves as a member of the board of directors of Knightscope Inc. Will holds a Bachelor of Science degree in Accounting from Southern University and a Master of Business Administration degree from Rice University. Mrs. Francoise Duboc and Mr. Tony Cina did not stand for re-election at the Meeting. Annuncio • May 16
Sucro Limited to Report Q1, 2024 Results on May 30, 2024 Sucro Limited announced that they will report Q1, 2024 results Pre-Market on May 30, 2024 Reported Earnings • Apr 22
Full year 2023 earnings released: EPS: US$2.67 (vs US$5.43 in FY 2022) Full year 2023 results: EPS: US$2.67 (down from US$5.43 in FY 2022). Revenue: US$496.8m (up 13% from FY 2022). Net income: US$16.8m (down 55% from FY 2022). Profit margin: 3.4% (down from 8.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Consumer Retailing industry in Canada. Annuncio • Apr 06
Sucro Limited to Report Q4, 2023 Results on Apr 19, 2024 Sucro Limited announced that they will report Q4, 2023 results at 9:30 AM, US Eastern Standard Time on Apr 19, 2024 Buy Or Sell Opportunity • Mar 27
Now 38% overvalued Over the last 90 days, the stock has fallen 25% to CA$7.50. The fair value is estimated to be CA$5.43, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last year. Earnings per share has grown by 38%. Revenue is forecast to grow by 19% in a year. Earnings are forecast to decline by 30% in the next year. Annuncio • Mar 19
Sucro Limited, Annual General Meeting, May 30, 2024 Sucro Limited, Annual General Meeting, May 30, 2024. Reported Earnings • Dec 03
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: EPS: US$0.27. Net income: US$1.98m (up US$1.98m from 3Q 2022). Revenue missed analyst estimates by 18%. Earnings per share (EPS) exceeded analyst estimates significantly. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Retailing industry in Canada. Annuncio • Dec 01
Sucro Limited Declares Initial Dividend, Payable on December 29, 2023 The Board of Directors of Sucro Limited has declared an initial dividend of CAD 0.10 per Subordinate Voting Share payable on December 29, 2023 to shareholders of record on December 15, 2023. Annuncio • Nov 18
Sucro Limited to Report Q3, 2023 Results on Nov 29, 2023 Sucro Limited announced that they will report Q3, 2023 results After-Market on Nov 29, 2023 Annuncio • Nov 07
Sucro Limited announced that it has received $0.348619 million in funding On November 6, 2023, Sucro Limited closed the transaction. The transaction included participation from three investors. The company has paid $5,916 in the transaction.