Cascades（CAS）株式概要カスケード社は、その子会社と共に、カナダと米国で包装・ティッシュ製品の生産、加工、販売を行っている。 詳細CAS ファンダメンタル分析スノーフレーク・スコア評価6/6将来の成長0/6過去の実績1/6財務の健全性2/6配当金5/6報酬当社が推定した公正価値より79.7%で取引されている 今年は黒字化を達成 4.58%の安定した配当金を支払う 同業他社や業界と比較して、良好な取引価格 アナリストらは、株価が27.9%上昇するだろうとほぼ一致している。 リスク分析今後3年間の収益は年平均0.1%減少すると予測されている。 利払いは収益で十分にカバーされない 財務結果に影響を与える大きな一時的項目 すべてのリスクチェックを見るCAS Community Fair Values Create NarrativeSee what 28 others think this stock is worth. Follow their fair value or set your own to get alerts.Analyst Price TargetsAN21.3% undervaluedAnalystConsensusTarget•5mo agoBear Island Efficiencies And Tissue Demand Will Support Stronger Long Term Profitability2704Top Analyst NarrativesCascadesANAnalystConsensusTargetBased on Analyst Price TargetsBear Island Efficiencies And Tissue Demand Will Support Stronger Long Term ProfitabilityCatalysts About Cascades Cascades manufactures packaging and tissue products with a focus on cost efficiency and sustainable fiber sourcing. What are the underlying business or industry changes driving this perspective?View narrativeCA$13.33FV21.3% 割安 内在価値ディスカウント0.23%Revenue growth p.a.Set Fair ValueView27users have viewed this narrative0users have liked this narrative0users have commented on this narrative4users have followed this narrative5 months ago author updated this narrativeView all narrativesCascades Inc. 競合他社ImaflexSymbol: TSXV:IFXMarket cap: CA$121.9mWinpakSymbol: TSX:WPKMarket cap: CA$2.4bSantacruz Silver MiningSymbol: TSXV:SCZMarket cap: CA$1.3bMajor Drilling Group InternationalSymbol: TSX:MDIMarket cap: CA$1.4b価格と性能株価の高値、安値、推移の概要Cascades過去の株価現在の株価CA$10.4952週高値CA$14.2052週安値CA$8.55ベータ0.661ヶ月の変化-1.78%3ヶ月変化-24.96%1年変化20.71%3年間の変化-12.66%5年間の変化-21.01%IPOからの変化353.62%最新ニュースDeclared Dividend • May 13First quarter dividend of CA$0.12 announcedDividend of CA$0.12 is the same as last year. Ex-date: 21st May 2026 Payment date: 4th June 2026 Dividend yield will be 4.6%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend.Reported Earnings • May 11First quarter 2026 earnings released: EPS: CA$0.39 (vs CA$0.069 in 1Q 2025)First quarter 2026 results: EPS: CA$0.39 (up from CA$0.069 in 1Q 2025). Revenue: CA$1.13b (down 2.5% from 1Q 2025). Net income: CA$39.0m (up 457% from 1Q 2025). Profit margin: 3.5% (up from 0.6% in 1Q 2025). Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Packaging industry in North America. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Board Change • May 11Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. President, CEO & Director Hugues Simon was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • May 09+ 1 more updateCascades Inc. Declares Quarterly Dividend, Payable on June 4, 2026The Board of Directors of Cascades declared a quarterly dividend of $0.12 per common share to be paid on June 4, 2026 to shareholders of record at the close of business on May 21, 2026.お知らせ • Apr 10Cascades Inc. to Report Q1, 2026 Results on May 07, 2026Cascades Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 07, 2026お知らせ • Mar 10Cascades Inc., Annual General Meeting, May 08, 2026Cascades Inc., Annual General Meeting, May 08, 2026.最新情報をもっと見るRecent updatesDeclared Dividend • May 13First quarter dividend of CA$0.12 announcedDividend of CA$0.12 is the same as last year. Ex-date: 21st May 2026 Payment date: 4th June 2026 Dividend yield will be 4.6%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend.Reported Earnings • May 11First quarter 2026 earnings released: EPS: CA$0.39 (vs CA$0.069 in 1Q 2025)First quarter 2026 results: EPS: CA$0.39 (up from CA$0.069 in 1Q 2025). Revenue: CA$1.13b (down 2.5% from 1Q 2025). Net income: CA$39.0m (up 457% from 1Q 2025). Profit margin: 3.5% (up from 0.6% in 1Q 2025). Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Packaging industry in North America. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Board Change • May 11Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. President, CEO & Director Hugues Simon was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • May 09+ 1 more updateCascades Inc. Declares Quarterly Dividend, Payable on June 4, 2026The Board of Directors of Cascades declared a quarterly dividend of $0.12 per common share to be paid on June 4, 2026 to shareholders of record at the close of business on May 21, 2026.お知らせ • Apr 10Cascades Inc. to Report Q1, 2026 Results on May 07, 2026Cascades Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 07, 2026お知らせ • Mar 10Cascades Inc., Annual General Meeting, May 08, 2026Cascades Inc., Annual General Meeting, May 08, 2026.お知らせ • Feb 26+ 1 more updateCascades Inc. Announces Impairment Charges for the Fourth Quarter of 2025Cascades Inc. announced impairment charges for the fourth quarter of 2025. For the quarter, the company reported $23 million of impairment on a building and equipment related to a closed facilities in Canada and in the United States (operating income and net earnings).Price Target Changed • Feb 02Price target increased by 9.1% to CA$14.92Up from CA$13.67, the current price target is an average from 6 analysts. New target price is 17% above last closing price of CA$12.79. Stock is up 0.4% over the past year. The company posted a net loss per share of CA$0.31 last year.New Risk • Jan 21New major risk - Revenue and earnings growthEarnings have declined by 33% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. 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 33% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (243% payout ratio). Large one-off items impacting financial results.お知らせ • Jan 16Cascades Inc. to Report Q4, 2025 Results on Feb 26, 2026Cascades Inc. announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Feb 26, 2026お知らせ • Dec 11Cascades Inc. Announces Executive ChangesCascades Inc. announced that Emmanuelle Migneault, currently Vice-President, Excellence, has been appointed Chief Human Resources Officer. She will assume her new duties as of January 5, 2026. A graduate of Université Laval's business administration program, with a specialization in human resources and Organizational Information Systems, Emmanuelle Migneault has been with Cascades since 2001. She began her career as Director of Human Resources for the succession program. She also held the position of Vice President of Human Resources in two of the business sectors, as well as at the corporate level. Emmanuelle has also completed training in Lean Manufacturing and continuous improvement. Through her career marked by strategic mandates and transformational challenges, Emmanuelle rose through the ranks to the role of Vice-President, Excellence in November 2024. Maryse Fernet will be leaving on her retirement in February 2026, after more than 38 years with Cascades—including 18 as the helm of Human Resources.分析記事 • Nov 13Cascades' (TSE:CAS) Performance Is Even Better Than Its Earnings SuggestCascades Inc.'s ( TSE:CAS ) strong earnings report was rewarded with a positive stock price move. We did some digging...Valuation Update With 7 Day Price Move • Nov 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CA$12.83, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Packaging industry in North America. Total returns to shareholders of 76% over the past three years.Price Target Changed • Nov 10Price target increased by 10% to CA$12.75Up from CA$11.58, the current price target is an average from 6 analysts. New target price is 7.3% above last closing price of CA$11.88. Stock is up 5.6% over the past year. The company is forecast to post earnings per share of CA$0.67 next year compared to a net loss per share of CA$0.31 last year.分析記事 • Nov 09Cascades Inc.'s (TSE:CAS) Shares Bounce 26% But Its Business Still Trails The IndustryThe Cascades Inc. ( TSE:CAS ) share price has done very well over the last month, posting an excellent gain of 26...Declared Dividend • Nov 09Third quarter dividend of CA$0.12 announcedDividend of CA$0.12 is the same as last year. Ex-date: 20th November 2025 Payment date: 4th December 2025 Dividend yield will be 4.0%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 33% to shift the payout ratio to a potentially unsustainable range, which is more than the 17% EPS decline seen over the last 5 years.New Risk • Nov 07New major risk - Revenue and earnings growthEarnings have declined by 33% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Earnings have declined by 33% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.お知らせ • Nov 07Cascades Inc. announces Quarterly dividend, payable on December 04, 2025Cascades Inc. announced Quarterly dividend of CAD 0.1200 per share payable on December 04, 2025, ex-date on November 20, 2025 and record date on November 20, 2025.Reported Earnings • Nov 06Third quarter 2025 earnings released: EPS: CA$0.29 (vs CA$0.01 in 3Q 2024)Third quarter 2025 results: EPS: CA$0.29 (up from CA$0.01 in 3Q 2024). Revenue: CA$1.24b (up 3.1% from 3Q 2024). Net income: CA$29.0m (up CA$28.0m from 3Q 2024). Profit margin: 2.3% (up from 0.1% in 3Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 3.8% growth forecast for the Packaging industry in Canada. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Price Target Changed • Oct 22Price target increased by 7.8% to CA$11.58Up from CA$10.75, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of CA$11.43. Stock is up 7.3% over the past year. The company is forecast to post earnings per share of CA$0.57 next year compared to a net loss per share of CA$0.31 last year.分析記事 • Oct 18Cascades (TSE:CAS) Has More To Do To Multiply In Value Going ForwardThere are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...Board Change • Oct 09Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. President, CEO & Director Hugues Simon was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Oct 09Five Star Holding Corp. acquired Flexible Packaging plant activities located in Mississauga, Ontario from Cascades Inc. (TSX:CAS) for CAD 31 million.Five Star Holding Corp. acquired Flexible Packaging plant activities located in Mississauga, Ontario from Cascades Inc. (TSX:CAS) for CAD 31 million on October 8, 2025. Cascades will retain ownership of the site real estate, while the 45 employees from Flexible Packaging operations will be retained by Five Star at closing. Five Star Holding Corp. completed the acquisition of Flexible Packaging plant activities located in Mississauga, Ontario from Cascades Inc. (TSX:CAS) on October 8, 2025.お知らせ • Oct 01Cascades Inc. to Report Q3, 2025 Results on Nov 06, 2025Cascades Inc. announced that they will report Q3, 2025 results at 9:30 AM, US Eastern Standard Time on Nov 06, 2025お知らせ • Aug 26Cascades Launches New Line of Premium Bathage TissueCascades Inc. announced the official launch of Cascades Fluff®? Excellence, an innovative bathroom tissue that has been specifically designed to meet consumer expectations for softness, thickness, and strength. This new offering reflects the Company's expertise and commitment to innovation for the well-being of its customers. The result of a collaboration between multiple areas of expertise within Cascades, Cascades Fluff®®? Excellence was meticulously developed to ensure optimal performance at every stage, from manufacturing to use. The packaging, texture, and every detail of the product were designed to offer consumers a solution that is both high-end and accessible.お知らせ • Aug 07Cascades Inc. Announces Quarterly Dividend, Payable on September 4, 2025The Board of Directors of Cascades declared a quarterly dividend of $0.12 per common share to be paid on September 4, 2025 to shareholders of record at the close of business on August 21, 2025.お知らせ • Jul 10Cascades Inc. Announces the Permanent Closure of Its Niagara Falls Corrugated Medium Manufacturing OperationsCascades Inc. announced that its corrugated medium manufacturing facility in Niagara Falls, NY will be permanently closed as part of the optimization of the Company's packaging production platform. Production will end no later than September 3, 2025. This announcement aligns with the Company's commitment to support strategic growth by focusing on profitability and customer service levels. The Niagara Falls production site has an annual production capacity of 200,000 short tons. A second machine at this facility was closed in 2023. Closure costs are estimated at approximately $5 million.お知らせ • Jul 09Cascades Inc. to Report Q2, 2025 Results on Aug 07, 2025Cascades Inc. announced that they will report Q2, 2025 results on Aug 07, 2025Recent Insider Transactions Derivative • Jun 04Co-Founder & Director exercised options and sold CA$93k worth of stockOn the 2nd of June, Alain Lemaire exercised options to acquire 75k shares at no cost and sold these for an average price of CA$1.24 per share. This trade did not impact their existing holding. Since June 2024, Alain's direct individual holding has increased from 5.74m shares to 5.76m. Company insiders have collectively sold CA$21k more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions Derivative • Jun 03Co-Founder & Director exercised options and sold CA$93k worth of stockOn the 2nd of June, Alain Lemaire exercised options to acquire 75k shares at no cost and sold these for an average price of CA$1.24 per share. This trade did not impact their existing holding. Since June 2024, Alain's direct individual holding has increased from 5.74m shares to 5.76m. Company insiders have collectively sold CA$21k more than they bought, via options and on-market transactions in the last 12 months.Board Change • Jun 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. President, CEO & Director Hugues Simon was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.分析記事 • May 12Cascades (TSE:CAS) Has Announced A Dividend Of CA$0.12Cascades Inc. ( TSE:CAS ) has announced that it will pay a dividend of CA$0.12 per share on the 5th of June. This means...Declared Dividend • May 12First quarter dividend of CA$0.12 announcedDividend of CA$0.12 is the same as last year. Ex-date: 22nd May 2025 Payment date: 5th June 2025 Dividend yield will be 5.7%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (61% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability.Recent Insider Transactions • May 11President recently bought CA$103k worth of stockOn the 9th of May, Hugues Simon bought around 12k shares on-market at roughly CA$8.57 per share. This transaction amounted to 74% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth CA$161k. Hugues has been a buyer over the last 12 months, purchasing a net total of CA$203k worth in shares.Reported Earnings • May 09First quarter 2025 earnings released: EPS: CA$0.069 (vs CA$0.20 loss in 1Q 2024)First quarter 2025 results: EPS: CA$0.069 (up from CA$0.20 loss in 1Q 2024). Revenue: CA$1.15b (up 4.1% from 1Q 2024). Net income: CA$7.00m (up CA$27.0m from 1Q 2024). Profit margin: 0.6% (up from net loss in 1Q 2024). Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Packaging industry in Canada. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.お知らせ • May 08+ 1 more updateCascades Inc. Announces Impairment Charges for the First Quarter of 2025Cascades Inc. announced $1 million of impairment charge on some equipment related to a closed facility in Canada (operating income and net earnings) for the first quarter of 2025.Price Target Changed • Apr 22Price target decreased by 12% to CA$12.33Down from CA$14.08, the current price target is an average from 6 analysts. New target price is 36% above last closing price of CA$9.08. Stock is down 3.6% over the past year. The company posted a net loss per share of CA$0.31 last year.New Risk • Apr 17New major risk - Revenue and earnings growthEarnings have declined by 48% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Earnings have declined by 48% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making.分析記事 • Apr 09Cascades (TSE:CAS) Will Be Looking To Turn Around Its ReturnsIgnoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...お知らせ • Apr 07Cascades Inc. to Report Q1, 2025 Results on May 08, 2025Cascades Inc. announced that they will report Q1, 2025 results Pre-Market on May 08, 2025Recent Insider Transactions • Mar 28Co-Founder & Director recently bought CA$161k worth of stockOn the 25th of March, Alain Lemaire bought around 16k shares on-market at roughly CA$10.09 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Alain has been a buyer over the last 12 months, purchasing a net total of CA$620k worth in shares.Declared Dividend • Feb 24Fourth quarter dividend of CA$0.12 announcedDividend of CA$0.12 is the same as last year. Ex-date: 6th March 2025 Payment date: 20th March 2025 Dividend yield will be 4.2%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (55% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability.Reported Earnings • Feb 20Full year 2024 earnings released: CA$0.31 loss per share (vs CA$0.76 loss in FY 2023)Full year 2024 results: CA$0.31 loss per share (improved from CA$0.76 loss in FY 2023). Revenue: CA$4.70b (up 1.4% from FY 2023). Net loss: CA$31.0m (loss narrowed 59% from FY 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Packaging industry in Canada. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.お知らせ • Feb 18Cascades Inc., Annual General Meeting, May 08, 2025Cascades Inc., Annual General Meeting, May 08, 2025.Price Target Changed • Jan 27Price target increased by 9.7% to CA$14.08Up from CA$12.83, the current price target is an average from 6 analysts. New target price is 6.9% above last closing price of CA$13.17. Stock is down 11% over the past year. The company posted a net loss per share of CA$0.76 last year.New Risk • Jan 23New major risk - Revenue and earnings growthEarnings have declined by 48% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Earnings have declined by 48% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making.分析記事 • Jan 20Cascades Inc.'s (TSE:CAS) Subdued P/S Might Signal An OpportunityCascades Inc.'s ( TSE:CAS ) price-to-sales (or "P/S") ratio of 0.3x may look like a pretty appealing investment...お知らせ • Jan 15Cascades Inc. to Report Q4, 2024 Results on Feb 20, 2025Cascades Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 20, 2025分析記事 • Dec 16Cascades (TSE:CAS) Use Of Debt Could Be Considered RiskyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...New Risk • Dec 14New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$149k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Paying a dividend despite being loss-making. Significant insider selling over the past 3 months (CA$149k sold).Buy Or Sell Opportunity • Dec 13Now 21% undervaluedOver the last 90 days, the stock has risen 25% to CA$11.89. The fair value is estimated to be CA$15.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Meanwhile, the company became loss making.Recent Insider Transactions • Nov 13Insider recently sold CA$112k worth of stockOn the 12th of November, Luc Langevin sold around 10k shares on-market at roughly CA$11.21 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$671k more than they bought in the last 12 months.分析記事 • Nov 12Cascades (TSE:CAS) Has Affirmed Its Dividend Of CA$0.12The board of Cascades Inc. ( TSE:CAS ) has announced that it will pay a dividend on the 5th of December, with investors...分析記事 • Nov 10Cascades Inc. (TSE:CAS) Released Earnings Last Week And Analysts Lifted Their Price Target To CA$12.42It's been a good week for Cascades Inc. ( TSE:CAS ) shareholders, because the company has just released its latest...Declared Dividend • Nov 10Third quarter dividend of CA$0.12 announcedDividend of CA$0.12 is the same as last year. Ex-date: 21st November 2024 Payment date: 5th December 2024 Dividend yield will be 4.4%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (28% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability.Price Target Changed • Nov 08Price target increased by 8.3% to CA$11.92Up from CA$11.00, the current price target is an average from 6 analysts. New target price is 6.5% above last closing price of CA$11.19. Stock is down 5.3% over the past year. The company posted a net loss per share of CA$0.76 last year.Reported Earnings • Nov 08Third quarter 2024 earnings released: EPS: CA$0.01 (vs CA$0.34 in 3Q 2023)Third quarter 2024 results: EPS: CA$0.01 (down from CA$0.34 in 3Q 2023). Revenue: CA$1.20b (flat on 3Q 2023). Net income: CA$1.00m (down 97% from 3Q 2023). Profit margin: 0.1% (down from 2.8% in 3Q 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Packaging industry in Canada. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.お知らせ • Oct 04Cascades Inc. to Report Q3, 2024 Results on Nov 07, 2024Cascades Inc. announced that they will report Q3, 2024 results on Nov 07, 2024Recent Insider Transactions • Aug 14President & CEO recently bought CA$100k worth of stockOn the 9th of August, Hugues Simon bought around 11k shares on-market at roughly CA$9.10 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger purchase from another insider worth CA$255k. This was Hugues' only on-market trade for the last 12 months.分析記事 • Aug 11Cascades (TSE:CAS) Is Paying Out A Dividend Of CA$0.12The board of Cascades Inc. ( TSE:CAS ) has announced that it will pay a dividend of CA$0.12 per share on the 5th of...Declared Dividend • Aug 11Second quarter dividend of CA$0.12 announcedDividend of CA$0.12 is the same as last year. Ex-date: 22nd August 2024 Payment date: 5th September 2024 Dividend yield will be 5.4%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (26% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability.Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: CA$0.01 (vs CA$0.22 in 2Q 2023)Second quarter 2024 results: EPS: CA$0.01 (down from CA$0.22 in 2Q 2023). Revenue: CA$1.18b (up 1.0% from 2Q 2023). Net income: CA$1.00m (down 96% from 2Q 2023). Profit margin: 0.1% (down from 1.9% in 2Q 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Packaging industry in Canada. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.お知らせ • Aug 09+ 1 more updateCascades Inc. Provides Consolidated Earnings Guidance for the Third Quarter of 2024Cascades Inc. provided consolidated earnings guidance for the third quarter of 2024. The company expected consolidated third quarter results to be stronger sequentially, driven by improved Containerboard results as price increases are implemented and production efficiency levels are normalized following planned maintenance in the second quarter, and the unplanned extended downtime at Bear Island and Greenpac. Consolidated results are also expected to benefit from stable results in the Specialty Packaging business. At the same time, higher pulp prices and softer pricing due largely to a less favourable sales mix are expected to translate into lower results from the Tissue Papers segment. More broadly, the ongoing Bear Island facility ramp-up remains a priority, as is the roll-out of announced price increases in Containerboard and continued focus on profitability, efficiency and productivity initiatives throughout operations.New Risk • Jul 23New major risk - Revenue and earnings growthEarnings have declined by 45% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Earnings have declined by 45% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Significant insider selling over the past 3 months (CA$1.1m sold).お知らせ • Jul 13Cascades Inc. to Report Q2, 2024 Results on Aug 08, 2024Cascades Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 08, 2024Recent Insider Transactions Derivative • Jun 09Co-Founder & Director exercised options and sold CA$163k worth of stockOn the 5th of June, Alain Lemaire exercised 48k options at a strike price of around CA$6.10 and sold these shares for an average price of CA$9.49 per share. This trade did not impact their existing holding. Since December 2023, Alain's direct individual holding has increased from 5.69m shares to 5.74m. Company insiders have collectively sold CA$481k more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • May 29Co-Founder & Director recently bought CA$255k worth of stockOn the 24th of May, Alain Lemaire bought around 27k shares on-market at roughly CA$9.63 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Alain's only on-market trade for the last 12 months.Recent Insider Transactions Derivative • May 28VP & CFO exercised options and sold CA$120k worth of stockOn the 24th of May, Allan Hogg exercised 34k options at a strike price of around CA$6.10 and sold these shares for an average price of CA$9.67 per share. This trade did not impact their existing holding. Since June 2023, Allan's direct individual holding has increased from 101.28k shares to 104.52k. Company insiders have collectively sold CA$1.8m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • May 22President recently sold CA$898k worth of stockOn the 17th of May, Mario Plourde sold around 92k shares on-market at roughly CA$9.80 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Mario's only on-market trade for the last 12 months.お知らせ • May 19Cascades Inc. Announces Chief Executive Officer ChangesCascades Inc. announced the appointment of Mr. Hugues Simon as its new President and CEO. Currently President of the Wood Products business at Resolute Forest Products, Mr. Simon will assume his new role no later than July 1, 2024. The appointment follows an extensive succession planning and recruitment process, supported by an international firm, in anticipation of Mario Plourde's planned retirement. After more than 11 years at the helm of the Company, Mr. Plourde will support the new President and CEO during a transition period lasting until December 2024, after which he will act as a Special Advisor. A graduate in administration from the Université de Sherbrooke, Hugues Simon has over 30 years of experience in key positions in the manufacturing sector, including as President, of the Wood Products business at Resolute Forest Products. Previously, Mr. Simon was President of BarretteWood Inc., where he worked from 2012 to 2020.お知らせ • May 18Cascades Inc. Announces President ChangesCascades Inc. announced the appointment of Mr. Hugues Simon as its new President and CEO. Currently President of the Wood Products business at Resolute Forest Products, Mr. Simon will assume his new role no later than July 1, 2024. The appointment follows an extensive succession planning and recruitment process, supported by an international firm, in anticipation of Mario Plourde's planned retirement. After more than 11 years at the helm of the Company, Mr. Plourde will support the new President and CEO during a transition period lasting until December 2024, after which he will act as a Special Advisor. A graduate in administration from the Université de Sherbrooke, Hugues Simon has over 30 years of experience in key positions in the manufacturing sector, including as President, of the Wood Products business at Resolute Forest Products. Previously, Mr. Simon was President of BarretteWood Inc., where he worked from 2012 to 2020.分析記事 • May 14Cascades (TSE:CAS) Will Pay A Dividend Of CA$0.12Cascades Inc.'s ( TSE:CAS ) investors are due to receive a payment of CA$0.12 per share on 6th of June. This means the...Declared Dividend • May 13First quarter dividend of CA$0.12 announcedDividend of CA$0.12 is the same as last year. Ex-date: 22nd May 2024 Payment date: 6th June 2024 Dividend yield will be 4.8%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (27% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability.Board Change • May 13Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. Independent Director Alex Blanco was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • May 10Cascades Inc. Declares Quarterly Dividend, Payable on June 6, 2024Cascades Inc. declared a quarterly dividend of $0.12 per common share to be paid on June 6, 2024 to shareholders of record at the close of business on May 23, 2024.お知らせ • Apr 04Cascades Inc. to Report Q1, 2024 Results on May 09, 2024Cascades Inc. announced that they will report Q1, 2024 results Pre-Market on May 09, 2024お知らせ • Feb 17Cascades Inc., Annual General Meeting, May 09, 2024Cascades Inc., Annual General Meeting, May 09, 2024.お知らせ • Jan 31Cascades Announces Launch of New Produce Basket Designs for the Produce SectorCascades announced the launch of new produce basket designs for the produce sector. Made from up to 100% recycled fibres, these new produce baskets with flaps offer produce growers a sustainable alternative to replace more hard-to-recycle packaging. Designed according to recognized eco-design principles, these products are in keeping with a circular economy approach. By using recycled and recyclable corrugated cardboard in its design, Cascades is supporting its customers by reducing their environmental impact while meeting consumer demand for increasingly environmentally friendly packaging. Innovative packaging design prevents consumers from handling products and helps keep fruits and vegetables intact throughout the logistic chain. They include a closure system that prevents products from falling, without compromising visibility inside the packaging. Available in two different models and four different sizes, from the new ½ dry quart snack size to the 1 L size, these baskets can be used to market a wide variety of fruits and vegetables, from berries to tomatoes and tree grown fruit. The basket's multiple customization options offer a competitive advantage and will make produce brands stand out on the shelf with high-quality flexographic, lithographic and digital printing options.お知らせ • Jan 23Cascades Inc. to Report Q4, 2023 Results on Feb 22, 2024Cascades Inc. announced that they will report Q4, 2023 results Pre-Market on Feb 22, 2024Price Target Changed • Jan 12Price target increased by 7.7% to CA$15.30Up from CA$14.20, the current price target is an average from 5 analysts. New target price is 9.3% above last closing price of CA$14.00. Stock is up 62% over the past year. The company is forecast to post earnings per share of CA$0.12 next year compared to a net loss per share of CA$0.34 last year.お知らせ • Dec 15Cascades Inc. Announces Directors ChangesCascades Inc. announced that Alain Lemaire will step down from his role as Chairman of the Board of Directors at the Company's annual general meeting, to be held in May 2024, and that Patrick Lemaire will succeed him. Alain Lemaire will continue to sit on the Board as a director. A graduate in mechanical engineering, Patrick Lemaire has been a member of Cascades' Board of Directors since 2016, and previously served as President and CEO of Boralex Inc. from September 2006 until his retirement in December 2020. Over the last decade, he profoundly transformed the company and helped to position it as a leader in renewable energy in France. He has been recognized repeatedly for his leadership on environmental issues. At Cascades, where he held several management positions between 1988 and 2006, Patrick demonstrated his managerial skills and seasoned leadership as mill manager of five plants and Vice-President and Chief Operating Officer in the containerboard packaging sector.分析記事 • Dec 05These 4 Measures Indicate That Cascades (TSE:CAS) Is Using Debt ExtensivelyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Upcoming Dividend • Nov 16Upcoming dividend of CA$0.12 per share at 4.0% yieldEligible shareholders must have bought the stock before 23 November 2023. Payment date: 07 December 2023. Trailing yield: 4.0%. Lower than top quartile of Canadian dividend payers (6.7%). Higher than average of industry peers (2.2%).お知らせ • Nov 11Cascades Inc. Declares Quarterly Dividend, Payable on December 7, 2023The Board of Directors of Cascades declared a quarterly dividend of $0.12 per common share to be paid on December 7, 2023 to shareholders of record at the close of business on November 24, 2023.Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: CA$0.34 (vs CA$0.02 loss in 3Q 2022)Third quarter 2023 results: EPS: CA$0.34 (up from CA$0.02 loss in 3Q 2022). Revenue: CA$1.20b (up 2.0% from 3Q 2022). Net income: CA$34.0m (up CA$36.0m from 3Q 2022). Profit margin: 2.8% (up from net loss in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 4.2% growth forecast for the Packaging industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.Board Change • Nov 11Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 4 highly experienced directors. Independent Director Alex Blanco was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Nov 10Cascades Announces Board ChangesCascades announced the death of one of its cofounders, Mr. Bernard Lemaire, at the age of 87. Bernard Lemaire was born in Drummondville, Québec in 1936. In 1960, he joined the family business of waste recovery, Drummond Pulp and Fiber. Four years later, under his impetus, and with the support of his brothers Laurent and Alain, a second life was given to the disused Dominion Paper Co. mill in Kingsey Falls. He then laid the foundation for Cascades, which would become a North American, and even European, leader in environmentally responsible recovery, packaging and hygiene solutions. For nearly 30 years, Bernard Lemaire was president of the Company, applying his management philosophy based on respect for human resources and initiating an unprecedented expansion strategy. He applied the same recipe to build Boralex, a Québec flagship in renewable energy. In 1985, the newspaper Finances awarded him the title of Businessman of the Year. In 1991, the Association des professionnels en ressources humaines du Québec awarded him the Iris d'honneur for his outstanding contribution to the advancement of human resources management. He has been awarded the insignia of Officer of the Order of Canada, Officer of the National Order of Québec, and Knight of the National Order of the Legion of Honor, granted by the President of the French Republic. He has also received honorary doctorates from the Université de Sherbrooke, the École des Hautes Études Commerciales, the Université du Québec à Trois-Rivières and the Université du Québec à Montréal.お知らせ • Oct 05Cascades Inc. to Report Q3, 2023 Results on Nov 09, 2023Cascades Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 09, 2023お知らせ • Aug 11Cascades Announces Complete Closure of Its St. Helens PlantCascades Inc. announces that the second paper machine at its St. Helens, Oregon Tissue plant will be closed, resulting in the complete shutdown of the facility. The end of operations will be effective at the beginning of October. The decision follows the Company's previously announced repositioning of its tissue papers production platform to improve business performance, which included the closure of one of the two paper machines at the St. Helensplant. Today's announcement further simplifies the Company's operational platform by concentrating the majority of its tissue product operating activities at core, geographically well-positioned sites that offer opportunities for future development. The annual capacity of the machine is 50,000 short tons of brown 100% recycled tissue paper. These tons are not integrated into the Cascades network, so the closure will have no impact on the Company's other operations. Cascades will work closely with the 75 employees affected to reduce the impact of this announcement and will attempt to relocate those who wish to its other business units in the United States. Those who cannot or do not want to be reassigned to other facilities will be supported in their job search.Upcoming Dividend • Aug 10Upcoming dividend of CA$0.12 per share at 3.8% yieldEligible shareholders must have bought the stock before 17 August 2023. Payment date: 01 September 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of Canadian dividend payers (6.2%). Higher than average of industry peers (2.1%).Reported Earnings • Aug 03Second quarter 2023 earnings released: EPS: CA$0.22 (vs CA$0.099 in 2Q 2022)Second quarter 2023 results: EPS: CA$0.22 (up from CA$0.099 in 2Q 2022). Revenue: CA$1.17b (up 4.4% from 2Q 2022). Net income: CA$22.0m (up 120% from 2Q 2022). Profit margin: 1.9% (up from 0.9% in 2Q 2022). Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Packaging industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.お知らせ • Jul 23Cascades Inc. Announces Executive ChangesCascades Inc. announced after more than 12 years as the head of Cascades Specialty Products Group (SPG), President and COO Luc Langevin announced that he passed the torch on July 1st. With the aim of gradually heading towards retirement, he will continue to be responsible for Cascades Recovery+ (CR+) and will offer his experience and advice to various other Cascades corporate departments. Luc Langevin's career with Cascades began in 1995. As a young, recently graduated engineer, he joined the Company as Plant Manager. He quickly rose through the ranks until he was appointed President and COO of SPG in 2011. Cascades management announced that Jrme Porlier, has been appointed as the new President and COO of SPG effective July 1st, 2023. Jrme Porlier has been part of the Cascades' team for over 10 years. He joined the Company as Succession Plant Manager for the Tissue Group in 2012, taking responsibility for the Candiac plant. Less than two years later, he was promoted to Granby Plant Manager, before again being promoted to Tissu Group General Manager in 2016. Mr. Porlier then joined the Specialty Products Group in 2019. There, he evolved as Vice-President of Operations of the Packaging sector.お知らせ • Jun 14Cascades Inc. to Report Q2, 2023 Results on Aug 03, 2023Cascades Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 03, 2023株主還元CASCA PackagingCA 市場7D-1.9%1.7%1.7%1Y20.7%1.8%33.9%株主還元を見る業界別リターン: CAS過去 1 年間で0.9 % の収益を上げたCanadian Packaging業界を上回りました。リターン対市場: CASは、過去 1 年間で34.2 % のリターンを上げたCanadian市場を下回りました。価格変動Is CAS's price volatile compared to industry and market?CAS volatilityCAS Average Weekly Movement4.5%Packaging Industry Average Movement4.7%Market Average Movement10.3%10% most volatile stocks in CA Market18.0%10% least volatile stocks in CA Market3.9%安定した株価: CAS 、 Canadian市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: CASの 週次ボラティリティ ( 4% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19649,200Hugues Simonwww.cascades.comカスケード社は、その子会社と共に、カナダと米国で包装・ティッシュ製品の生産、加工、販売を行っている。同社は3つのセグメントで事業を行っている：コンテナーボード、特殊製品、ティッシュペーパー。再生繊維で構成される様々なパッケージング・ソリューションとティッシュ製品、親ロール、バージン繊維と再生繊維で構成されるティッシュペーパー、非塗装再生ボックスボードを含む特殊製品、コンテナーボードを提供している。また、回収とリサイクル活動も行っている。カスケード社は1964年に設立され、カナダのキングジー・フォールズに本社を置く。もっと見るCascades Inc. 基礎のまとめCascades の収益と売上を時価総額と比較するとどうか。CAS 基礎統計学時価総額CA$1.06b収益（TTM）CA$102.00m売上高(TTM)CA$4.75b10.4xPER（株価収益率0.2xP/SレシオCAS は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計CAS 損益計算書（TTM）収益CA$4.75b売上原価CA$3.08b売上総利益CA$1.66bその他の費用CA$1.56b収益CA$102.00m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）1.01グロス・マージン35.03%純利益率2.15%有利子負債／自己資本比率110.8%CAS の長期的なパフォーマンスは？過去の実績と比較を見る配当金4.6%現在の配当利回り48%配当性向CAS 配当は確実ですか？CAS 配当履歴とベンチマークを見るCAS 、いつまでに購入すれば配当金を受け取れますか？Cascades 配当日配当落ち日May 21 2026配当支払日Jun 04 2026配当落ちまでの日数6 days配当支払日までの日数20 daysCAS 配当は確実ですか？CAS 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/14 09:35終値2026/05/14 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Cascades Inc. 5 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。9 アナリスト機関Stephen AtkinsonBMO Capital Markets Equity ResearchHamir PatelCIBC Capital MarketsFrederic TremblayDesjardins Securities Inc.6 その他のアナリストを表示
Declared Dividend • May 13First quarter dividend of CA$0.12 announcedDividend of CA$0.12 is the same as last year. Ex-date: 21st May 2026 Payment date: 4th June 2026 Dividend yield will be 4.6%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend.
Reported Earnings • May 11First quarter 2026 earnings released: EPS: CA$0.39 (vs CA$0.069 in 1Q 2025)First quarter 2026 results: EPS: CA$0.39 (up from CA$0.069 in 1Q 2025). Revenue: CA$1.13b (down 2.5% from 1Q 2025). Net income: CA$39.0m (up 457% from 1Q 2025). Profit margin: 3.5% (up from 0.6% in 1Q 2025). Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Packaging industry in North America. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Board Change • May 11Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. President, CEO & Director Hugues Simon was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • May 09+ 1 more updateCascades Inc. Declares Quarterly Dividend, Payable on June 4, 2026The Board of Directors of Cascades declared a quarterly dividend of $0.12 per common share to be paid on June 4, 2026 to shareholders of record at the close of business on May 21, 2026.
お知らせ • Apr 10Cascades Inc. to Report Q1, 2026 Results on May 07, 2026Cascades Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 07, 2026
お知らせ • Mar 10Cascades Inc., Annual General Meeting, May 08, 2026Cascades Inc., Annual General Meeting, May 08, 2026.
Declared Dividend • May 13First quarter dividend of CA$0.12 announcedDividend of CA$0.12 is the same as last year. Ex-date: 21st May 2026 Payment date: 4th June 2026 Dividend yield will be 4.6%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend.
Reported Earnings • May 11First quarter 2026 earnings released: EPS: CA$0.39 (vs CA$0.069 in 1Q 2025)First quarter 2026 results: EPS: CA$0.39 (up from CA$0.069 in 1Q 2025). Revenue: CA$1.13b (down 2.5% from 1Q 2025). Net income: CA$39.0m (up 457% from 1Q 2025). Profit margin: 3.5% (up from 0.6% in 1Q 2025). Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Packaging industry in North America. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Board Change • May 11Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. President, CEO & Director Hugues Simon was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • May 09+ 1 more updateCascades Inc. Declares Quarterly Dividend, Payable on June 4, 2026The Board of Directors of Cascades declared a quarterly dividend of $0.12 per common share to be paid on June 4, 2026 to shareholders of record at the close of business on May 21, 2026.
お知らせ • Apr 10Cascades Inc. to Report Q1, 2026 Results on May 07, 2026Cascades Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 07, 2026
お知らせ • Mar 10Cascades Inc., Annual General Meeting, May 08, 2026Cascades Inc., Annual General Meeting, May 08, 2026.
お知らせ • Feb 26+ 1 more updateCascades Inc. Announces Impairment Charges for the Fourth Quarter of 2025Cascades Inc. announced impairment charges for the fourth quarter of 2025. For the quarter, the company reported $23 million of impairment on a building and equipment related to a closed facilities in Canada and in the United States (operating income and net earnings).
Price Target Changed • Feb 02Price target increased by 9.1% to CA$14.92Up from CA$13.67, the current price target is an average from 6 analysts. New target price is 17% above last closing price of CA$12.79. Stock is up 0.4% over the past year. The company posted a net loss per share of CA$0.31 last year.
New Risk • Jan 21New major risk - Revenue and earnings growthEarnings have declined by 33% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. 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 33% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (243% payout ratio). Large one-off items impacting financial results.
お知らせ • Jan 16Cascades Inc. to Report Q4, 2025 Results on Feb 26, 2026Cascades Inc. announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Feb 26, 2026
お知らせ • Dec 11Cascades Inc. Announces Executive ChangesCascades Inc. announced that Emmanuelle Migneault, currently Vice-President, Excellence, has been appointed Chief Human Resources Officer. She will assume her new duties as of January 5, 2026. A graduate of Université Laval's business administration program, with a specialization in human resources and Organizational Information Systems, Emmanuelle Migneault has been with Cascades since 2001. She began her career as Director of Human Resources for the succession program. She also held the position of Vice President of Human Resources in two of the business sectors, as well as at the corporate level. Emmanuelle has also completed training in Lean Manufacturing and continuous improvement. Through her career marked by strategic mandates and transformational challenges, Emmanuelle rose through the ranks to the role of Vice-President, Excellence in November 2024. Maryse Fernet will be leaving on her retirement in February 2026, after more than 38 years with Cascades—including 18 as the helm of Human Resources.
分析記事 • Nov 13Cascades' (TSE:CAS) Performance Is Even Better Than Its Earnings SuggestCascades Inc.'s ( TSE:CAS ) strong earnings report was rewarded with a positive stock price move. We did some digging...
Valuation Update With 7 Day Price Move • Nov 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CA$12.83, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Packaging industry in North America. Total returns to shareholders of 76% over the past three years.
Price Target Changed • Nov 10Price target increased by 10% to CA$12.75Up from CA$11.58, the current price target is an average from 6 analysts. New target price is 7.3% above last closing price of CA$11.88. Stock is up 5.6% over the past year. The company is forecast to post earnings per share of CA$0.67 next year compared to a net loss per share of CA$0.31 last year.
分析記事 • Nov 09Cascades Inc.'s (TSE:CAS) Shares Bounce 26% But Its Business Still Trails The IndustryThe Cascades Inc. ( TSE:CAS ) share price has done very well over the last month, posting an excellent gain of 26...
Declared Dividend • Nov 09Third quarter dividend of CA$0.12 announcedDividend of CA$0.12 is the same as last year. Ex-date: 20th November 2025 Payment date: 4th December 2025 Dividend yield will be 4.0%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 33% to shift the payout ratio to a potentially unsustainable range, which is more than the 17% EPS decline seen over the last 5 years.
New Risk • Nov 07New major risk - Revenue and earnings growthEarnings have declined by 33% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Earnings have declined by 33% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.
お知らせ • Nov 07Cascades Inc. announces Quarterly dividend, payable on December 04, 2025Cascades Inc. announced Quarterly dividend of CAD 0.1200 per share payable on December 04, 2025, ex-date on November 20, 2025 and record date on November 20, 2025.
Reported Earnings • Nov 06Third quarter 2025 earnings released: EPS: CA$0.29 (vs CA$0.01 in 3Q 2024)Third quarter 2025 results: EPS: CA$0.29 (up from CA$0.01 in 3Q 2024). Revenue: CA$1.24b (up 3.1% from 3Q 2024). Net income: CA$29.0m (up CA$28.0m from 3Q 2024). Profit margin: 2.3% (up from 0.1% in 3Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 3.8% growth forecast for the Packaging industry in Canada. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Oct 22Price target increased by 7.8% to CA$11.58Up from CA$10.75, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of CA$11.43. Stock is up 7.3% over the past year. The company is forecast to post earnings per share of CA$0.57 next year compared to a net loss per share of CA$0.31 last year.
分析記事 • Oct 18Cascades (TSE:CAS) Has More To Do To Multiply In Value Going ForwardThere are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...
Board Change • Oct 09Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. President, CEO & Director Hugues Simon was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Oct 09Five Star Holding Corp. acquired Flexible Packaging plant activities located in Mississauga, Ontario from Cascades Inc. (TSX:CAS) for CAD 31 million.Five Star Holding Corp. acquired Flexible Packaging plant activities located in Mississauga, Ontario from Cascades Inc. (TSX:CAS) for CAD 31 million on October 8, 2025. Cascades will retain ownership of the site real estate, while the 45 employees from Flexible Packaging operations will be retained by Five Star at closing. Five Star Holding Corp. completed the acquisition of Flexible Packaging plant activities located in Mississauga, Ontario from Cascades Inc. (TSX:CAS) on October 8, 2025.
お知らせ • Oct 01Cascades Inc. to Report Q3, 2025 Results on Nov 06, 2025Cascades Inc. announced that they will report Q3, 2025 results at 9:30 AM, US Eastern Standard Time on Nov 06, 2025
お知らせ • Aug 26Cascades Launches New Line of Premium Bathage TissueCascades Inc. announced the official launch of Cascades Fluff®? Excellence, an innovative bathroom tissue that has been specifically designed to meet consumer expectations for softness, thickness, and strength. This new offering reflects the Company's expertise and commitment to innovation for the well-being of its customers. The result of a collaboration between multiple areas of expertise within Cascades, Cascades Fluff®®? Excellence was meticulously developed to ensure optimal performance at every stage, from manufacturing to use. The packaging, texture, and every detail of the product were designed to offer consumers a solution that is both high-end and accessible.
お知らせ • Aug 07Cascades Inc. Announces Quarterly Dividend, Payable on September 4, 2025The Board of Directors of Cascades declared a quarterly dividend of $0.12 per common share to be paid on September 4, 2025 to shareholders of record at the close of business on August 21, 2025.
お知らせ • Jul 10Cascades Inc. Announces the Permanent Closure of Its Niagara Falls Corrugated Medium Manufacturing OperationsCascades Inc. announced that its corrugated medium manufacturing facility in Niagara Falls, NY will be permanently closed as part of the optimization of the Company's packaging production platform. Production will end no later than September 3, 2025. This announcement aligns with the Company's commitment to support strategic growth by focusing on profitability and customer service levels. The Niagara Falls production site has an annual production capacity of 200,000 short tons. A second machine at this facility was closed in 2023. Closure costs are estimated at approximately $5 million.
お知らせ • Jul 09Cascades Inc. to Report Q2, 2025 Results on Aug 07, 2025Cascades Inc. announced that they will report Q2, 2025 results on Aug 07, 2025
Recent Insider Transactions Derivative • Jun 04Co-Founder & Director exercised options and sold CA$93k worth of stockOn the 2nd of June, Alain Lemaire exercised options to acquire 75k shares at no cost and sold these for an average price of CA$1.24 per share. This trade did not impact their existing holding. Since June 2024, Alain's direct individual holding has increased from 5.74m shares to 5.76m. Company insiders have collectively sold CA$21k more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions Derivative • Jun 03Co-Founder & Director exercised options and sold CA$93k worth of stockOn the 2nd of June, Alain Lemaire exercised options to acquire 75k shares at no cost and sold these for an average price of CA$1.24 per share. This trade did not impact their existing holding. Since June 2024, Alain's direct individual holding has increased from 5.74m shares to 5.76m. Company insiders have collectively sold CA$21k more than they bought, via options and on-market transactions in the last 12 months.
Board Change • Jun 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. President, CEO & Director Hugues Simon was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
分析記事 • May 12Cascades (TSE:CAS) Has Announced A Dividend Of CA$0.12Cascades Inc. ( TSE:CAS ) has announced that it will pay a dividend of CA$0.12 per share on the 5th of June. This means...
Declared Dividend • May 12First quarter dividend of CA$0.12 announcedDividend of CA$0.12 is the same as last year. Ex-date: 22nd May 2025 Payment date: 5th June 2025 Dividend yield will be 5.7%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (61% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability.
Recent Insider Transactions • May 11President recently bought CA$103k worth of stockOn the 9th of May, Hugues Simon bought around 12k shares on-market at roughly CA$8.57 per share. This transaction amounted to 74% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth CA$161k. Hugues has been a buyer over the last 12 months, purchasing a net total of CA$203k worth in shares.
Reported Earnings • May 09First quarter 2025 earnings released: EPS: CA$0.069 (vs CA$0.20 loss in 1Q 2024)First quarter 2025 results: EPS: CA$0.069 (up from CA$0.20 loss in 1Q 2024). Revenue: CA$1.15b (up 4.1% from 1Q 2024). Net income: CA$7.00m (up CA$27.0m from 1Q 2024). Profit margin: 0.6% (up from net loss in 1Q 2024). Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Packaging industry in Canada. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
お知らせ • May 08+ 1 more updateCascades Inc. Announces Impairment Charges for the First Quarter of 2025Cascades Inc. announced $1 million of impairment charge on some equipment related to a closed facility in Canada (operating income and net earnings) for the first quarter of 2025.
Price Target Changed • Apr 22Price target decreased by 12% to CA$12.33Down from CA$14.08, the current price target is an average from 6 analysts. New target price is 36% above last closing price of CA$9.08. Stock is down 3.6% over the past year. The company posted a net loss per share of CA$0.31 last year.
New Risk • Apr 17New major risk - Revenue and earnings growthEarnings have declined by 48% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Earnings have declined by 48% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making.
分析記事 • Apr 09Cascades (TSE:CAS) Will Be Looking To Turn Around Its ReturnsIgnoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
お知らせ • Apr 07Cascades Inc. to Report Q1, 2025 Results on May 08, 2025Cascades Inc. announced that they will report Q1, 2025 results Pre-Market on May 08, 2025
Recent Insider Transactions • Mar 28Co-Founder & Director recently bought CA$161k worth of stockOn the 25th of March, Alain Lemaire bought around 16k shares on-market at roughly CA$10.09 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Alain has been a buyer over the last 12 months, purchasing a net total of CA$620k worth in shares.
Declared Dividend • Feb 24Fourth quarter dividend of CA$0.12 announcedDividend of CA$0.12 is the same as last year. Ex-date: 6th March 2025 Payment date: 20th March 2025 Dividend yield will be 4.2%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (55% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability.
Reported Earnings • Feb 20Full year 2024 earnings released: CA$0.31 loss per share (vs CA$0.76 loss in FY 2023)Full year 2024 results: CA$0.31 loss per share (improved from CA$0.76 loss in FY 2023). Revenue: CA$4.70b (up 1.4% from FY 2023). Net loss: CA$31.0m (loss narrowed 59% from FY 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Packaging industry in Canada. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
お知らせ • Feb 18Cascades Inc., Annual General Meeting, May 08, 2025Cascades Inc., Annual General Meeting, May 08, 2025.
Price Target Changed • Jan 27Price target increased by 9.7% to CA$14.08Up from CA$12.83, the current price target is an average from 6 analysts. New target price is 6.9% above last closing price of CA$13.17. Stock is down 11% over the past year. The company posted a net loss per share of CA$0.76 last year.
New Risk • Jan 23New major risk - Revenue and earnings growthEarnings have declined by 48% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Earnings have declined by 48% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making.
分析記事 • Jan 20Cascades Inc.'s (TSE:CAS) Subdued P/S Might Signal An OpportunityCascades Inc.'s ( TSE:CAS ) price-to-sales (or "P/S") ratio of 0.3x may look like a pretty appealing investment...
お知らせ • Jan 15Cascades Inc. to Report Q4, 2024 Results on Feb 20, 2025Cascades Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 20, 2025
分析記事 • Dec 16Cascades (TSE:CAS) Use Of Debt Could Be Considered RiskyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
New Risk • Dec 14New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$149k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Paying a dividend despite being loss-making. Significant insider selling over the past 3 months (CA$149k sold).
Buy Or Sell Opportunity • Dec 13Now 21% undervaluedOver the last 90 days, the stock has risen 25% to CA$11.89. The fair value is estimated to be CA$15.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Meanwhile, the company became loss making.
Recent Insider Transactions • Nov 13Insider recently sold CA$112k worth of stockOn the 12th of November, Luc Langevin sold around 10k shares on-market at roughly CA$11.21 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$671k more than they bought in the last 12 months.
分析記事 • Nov 12Cascades (TSE:CAS) Has Affirmed Its Dividend Of CA$0.12The board of Cascades Inc. ( TSE:CAS ) has announced that it will pay a dividend on the 5th of December, with investors...
分析記事 • Nov 10Cascades Inc. (TSE:CAS) Released Earnings Last Week And Analysts Lifted Their Price Target To CA$12.42It's been a good week for Cascades Inc. ( TSE:CAS ) shareholders, because the company has just released its latest...
Declared Dividend • Nov 10Third quarter dividend of CA$0.12 announcedDividend of CA$0.12 is the same as last year. Ex-date: 21st November 2024 Payment date: 5th December 2024 Dividend yield will be 4.4%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (28% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability.
Price Target Changed • Nov 08Price target increased by 8.3% to CA$11.92Up from CA$11.00, the current price target is an average from 6 analysts. New target price is 6.5% above last closing price of CA$11.19. Stock is down 5.3% over the past year. The company posted a net loss per share of CA$0.76 last year.
Reported Earnings • Nov 08Third quarter 2024 earnings released: EPS: CA$0.01 (vs CA$0.34 in 3Q 2023)Third quarter 2024 results: EPS: CA$0.01 (down from CA$0.34 in 3Q 2023). Revenue: CA$1.20b (flat on 3Q 2023). Net income: CA$1.00m (down 97% from 3Q 2023). Profit margin: 0.1% (down from 2.8% in 3Q 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Packaging industry in Canada. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 04Cascades Inc. to Report Q3, 2024 Results on Nov 07, 2024Cascades Inc. announced that they will report Q3, 2024 results on Nov 07, 2024
Recent Insider Transactions • Aug 14President & CEO recently bought CA$100k worth of stockOn the 9th of August, Hugues Simon bought around 11k shares on-market at roughly CA$9.10 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger purchase from another insider worth CA$255k. This was Hugues' only on-market trade for the last 12 months.
分析記事 • Aug 11Cascades (TSE:CAS) Is Paying Out A Dividend Of CA$0.12The board of Cascades Inc. ( TSE:CAS ) has announced that it will pay a dividend of CA$0.12 per share on the 5th of...
Declared Dividend • Aug 11Second quarter dividend of CA$0.12 announcedDividend of CA$0.12 is the same as last year. Ex-date: 22nd August 2024 Payment date: 5th September 2024 Dividend yield will be 5.4%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (26% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability.
Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: CA$0.01 (vs CA$0.22 in 2Q 2023)Second quarter 2024 results: EPS: CA$0.01 (down from CA$0.22 in 2Q 2023). Revenue: CA$1.18b (up 1.0% from 2Q 2023). Net income: CA$1.00m (down 96% from 2Q 2023). Profit margin: 0.1% (down from 1.9% in 2Q 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Packaging industry in Canada. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 09+ 1 more updateCascades Inc. Provides Consolidated Earnings Guidance for the Third Quarter of 2024Cascades Inc. provided consolidated earnings guidance for the third quarter of 2024. The company expected consolidated third quarter results to be stronger sequentially, driven by improved Containerboard results as price increases are implemented and production efficiency levels are normalized following planned maintenance in the second quarter, and the unplanned extended downtime at Bear Island and Greenpac. Consolidated results are also expected to benefit from stable results in the Specialty Packaging business. At the same time, higher pulp prices and softer pricing due largely to a less favourable sales mix are expected to translate into lower results from the Tissue Papers segment. More broadly, the ongoing Bear Island facility ramp-up remains a priority, as is the roll-out of announced price increases in Containerboard and continued focus on profitability, efficiency and productivity initiatives throughout operations.
New Risk • Jul 23New major risk - Revenue and earnings growthEarnings have declined by 45% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Earnings have declined by 45% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Significant insider selling over the past 3 months (CA$1.1m sold).
お知らせ • Jul 13Cascades Inc. to Report Q2, 2024 Results on Aug 08, 2024Cascades Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 08, 2024
Recent Insider Transactions Derivative • Jun 09Co-Founder & Director exercised options and sold CA$163k worth of stockOn the 5th of June, Alain Lemaire exercised 48k options at a strike price of around CA$6.10 and sold these shares for an average price of CA$9.49 per share. This trade did not impact their existing holding. Since December 2023, Alain's direct individual holding has increased from 5.69m shares to 5.74m. Company insiders have collectively sold CA$481k more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • May 29Co-Founder & Director recently bought CA$255k worth of stockOn the 24th of May, Alain Lemaire bought around 27k shares on-market at roughly CA$9.63 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Alain's only on-market trade for the last 12 months.
Recent Insider Transactions Derivative • May 28VP & CFO exercised options and sold CA$120k worth of stockOn the 24th of May, Allan Hogg exercised 34k options at a strike price of around CA$6.10 and sold these shares for an average price of CA$9.67 per share. This trade did not impact their existing holding. Since June 2023, Allan's direct individual holding has increased from 101.28k shares to 104.52k. Company insiders have collectively sold CA$1.8m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • May 22President recently sold CA$898k worth of stockOn the 17th of May, Mario Plourde sold around 92k shares on-market at roughly CA$9.80 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Mario's only on-market trade for the last 12 months.
お知らせ • May 19Cascades Inc. Announces Chief Executive Officer ChangesCascades Inc. announced the appointment of Mr. Hugues Simon as its new President and CEO. Currently President of the Wood Products business at Resolute Forest Products, Mr. Simon will assume his new role no later than July 1, 2024. The appointment follows an extensive succession planning and recruitment process, supported by an international firm, in anticipation of Mario Plourde's planned retirement. After more than 11 years at the helm of the Company, Mr. Plourde will support the new President and CEO during a transition period lasting until December 2024, after which he will act as a Special Advisor. A graduate in administration from the Université de Sherbrooke, Hugues Simon has over 30 years of experience in key positions in the manufacturing sector, including as President, of the Wood Products business at Resolute Forest Products. Previously, Mr. Simon was President of BarretteWood Inc., where he worked from 2012 to 2020.
お知らせ • May 18Cascades Inc. Announces President ChangesCascades Inc. announced the appointment of Mr. Hugues Simon as its new President and CEO. Currently President of the Wood Products business at Resolute Forest Products, Mr. Simon will assume his new role no later than July 1, 2024. The appointment follows an extensive succession planning and recruitment process, supported by an international firm, in anticipation of Mario Plourde's planned retirement. After more than 11 years at the helm of the Company, Mr. Plourde will support the new President and CEO during a transition period lasting until December 2024, after which he will act as a Special Advisor. A graduate in administration from the Université de Sherbrooke, Hugues Simon has over 30 years of experience in key positions in the manufacturing sector, including as President, of the Wood Products business at Resolute Forest Products. Previously, Mr. Simon was President of BarretteWood Inc., where he worked from 2012 to 2020.
分析記事 • May 14Cascades (TSE:CAS) Will Pay A Dividend Of CA$0.12Cascades Inc.'s ( TSE:CAS ) investors are due to receive a payment of CA$0.12 per share on 6th of June. This means the...
Declared Dividend • May 13First quarter dividend of CA$0.12 announcedDividend of CA$0.12 is the same as last year. Ex-date: 22nd May 2024 Payment date: 6th June 2024 Dividend yield will be 4.8%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (27% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability.
Board Change • May 13Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. Independent Director Alex Blanco was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • May 10Cascades Inc. Declares Quarterly Dividend, Payable on June 6, 2024Cascades Inc. declared a quarterly dividend of $0.12 per common share to be paid on June 6, 2024 to shareholders of record at the close of business on May 23, 2024.
お知らせ • Apr 04Cascades Inc. to Report Q1, 2024 Results on May 09, 2024Cascades Inc. announced that they will report Q1, 2024 results Pre-Market on May 09, 2024
お知らせ • Feb 17Cascades Inc., Annual General Meeting, May 09, 2024Cascades Inc., Annual General Meeting, May 09, 2024.
お知らせ • Jan 31Cascades Announces Launch of New Produce Basket Designs for the Produce SectorCascades announced the launch of new produce basket designs for the produce sector. Made from up to 100% recycled fibres, these new produce baskets with flaps offer produce growers a sustainable alternative to replace more hard-to-recycle packaging. Designed according to recognized eco-design principles, these products are in keeping with a circular economy approach. By using recycled and recyclable corrugated cardboard in its design, Cascades is supporting its customers by reducing their environmental impact while meeting consumer demand for increasingly environmentally friendly packaging. Innovative packaging design prevents consumers from handling products and helps keep fruits and vegetables intact throughout the logistic chain. They include a closure system that prevents products from falling, without compromising visibility inside the packaging. Available in two different models and four different sizes, from the new ½ dry quart snack size to the 1 L size, these baskets can be used to market a wide variety of fruits and vegetables, from berries to tomatoes and tree grown fruit. The basket's multiple customization options offer a competitive advantage and will make produce brands stand out on the shelf with high-quality flexographic, lithographic and digital printing options.
お知らせ • Jan 23Cascades Inc. to Report Q4, 2023 Results on Feb 22, 2024Cascades Inc. announced that they will report Q4, 2023 results Pre-Market on Feb 22, 2024
Price Target Changed • Jan 12Price target increased by 7.7% to CA$15.30Up from CA$14.20, the current price target is an average from 5 analysts. New target price is 9.3% above last closing price of CA$14.00. Stock is up 62% over the past year. The company is forecast to post earnings per share of CA$0.12 next year compared to a net loss per share of CA$0.34 last year.
お知らせ • Dec 15Cascades Inc. Announces Directors ChangesCascades Inc. announced that Alain Lemaire will step down from his role as Chairman of the Board of Directors at the Company's annual general meeting, to be held in May 2024, and that Patrick Lemaire will succeed him. Alain Lemaire will continue to sit on the Board as a director. A graduate in mechanical engineering, Patrick Lemaire has been a member of Cascades' Board of Directors since 2016, and previously served as President and CEO of Boralex Inc. from September 2006 until his retirement in December 2020. Over the last decade, he profoundly transformed the company and helped to position it as a leader in renewable energy in France. He has been recognized repeatedly for his leadership on environmental issues. At Cascades, where he held several management positions between 1988 and 2006, Patrick demonstrated his managerial skills and seasoned leadership as mill manager of five plants and Vice-President and Chief Operating Officer in the containerboard packaging sector.
分析記事 • Dec 05These 4 Measures Indicate That Cascades (TSE:CAS) Is Using Debt ExtensivelyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Upcoming Dividend • Nov 16Upcoming dividend of CA$0.12 per share at 4.0% yieldEligible shareholders must have bought the stock before 23 November 2023. Payment date: 07 December 2023. Trailing yield: 4.0%. Lower than top quartile of Canadian dividend payers (6.7%). Higher than average of industry peers (2.2%).
お知らせ • Nov 11Cascades Inc. Declares Quarterly Dividend, Payable on December 7, 2023The Board of Directors of Cascades declared a quarterly dividend of $0.12 per common share to be paid on December 7, 2023 to shareholders of record at the close of business on November 24, 2023.
Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: CA$0.34 (vs CA$0.02 loss in 3Q 2022)Third quarter 2023 results: EPS: CA$0.34 (up from CA$0.02 loss in 3Q 2022). Revenue: CA$1.20b (up 2.0% from 3Q 2022). Net income: CA$34.0m (up CA$36.0m from 3Q 2022). Profit margin: 2.8% (up from net loss in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 4.2% growth forecast for the Packaging industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.
Board Change • Nov 11Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 4 highly experienced directors. Independent Director Alex Blanco was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 10Cascades Announces Board ChangesCascades announced the death of one of its cofounders, Mr. Bernard Lemaire, at the age of 87. Bernard Lemaire was born in Drummondville, Québec in 1936. In 1960, he joined the family business of waste recovery, Drummond Pulp and Fiber. Four years later, under his impetus, and with the support of his brothers Laurent and Alain, a second life was given to the disused Dominion Paper Co. mill in Kingsey Falls. He then laid the foundation for Cascades, which would become a North American, and even European, leader in environmentally responsible recovery, packaging and hygiene solutions. For nearly 30 years, Bernard Lemaire was president of the Company, applying his management philosophy based on respect for human resources and initiating an unprecedented expansion strategy. He applied the same recipe to build Boralex, a Québec flagship in renewable energy. In 1985, the newspaper Finances awarded him the title of Businessman of the Year. In 1991, the Association des professionnels en ressources humaines du Québec awarded him the Iris d'honneur for his outstanding contribution to the advancement of human resources management. He has been awarded the insignia of Officer of the Order of Canada, Officer of the National Order of Québec, and Knight of the National Order of the Legion of Honor, granted by the President of the French Republic. He has also received honorary doctorates from the Université de Sherbrooke, the École des Hautes Études Commerciales, the Université du Québec à Trois-Rivières and the Université du Québec à Montréal.
お知らせ • Oct 05Cascades Inc. to Report Q3, 2023 Results on Nov 09, 2023Cascades Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 09, 2023
お知らせ • Aug 11Cascades Announces Complete Closure of Its St. Helens PlantCascades Inc. announces that the second paper machine at its St. Helens, Oregon Tissue plant will be closed, resulting in the complete shutdown of the facility. The end of operations will be effective at the beginning of October. The decision follows the Company's previously announced repositioning of its tissue papers production platform to improve business performance, which included the closure of one of the two paper machines at the St. Helensplant. Today's announcement further simplifies the Company's operational platform by concentrating the majority of its tissue product operating activities at core, geographically well-positioned sites that offer opportunities for future development. The annual capacity of the machine is 50,000 short tons of brown 100% recycled tissue paper. These tons are not integrated into the Cascades network, so the closure will have no impact on the Company's other operations. Cascades will work closely with the 75 employees affected to reduce the impact of this announcement and will attempt to relocate those who wish to its other business units in the United States. Those who cannot or do not want to be reassigned to other facilities will be supported in their job search.
Upcoming Dividend • Aug 10Upcoming dividend of CA$0.12 per share at 3.8% yieldEligible shareholders must have bought the stock before 17 August 2023. Payment date: 01 September 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of Canadian dividend payers (6.2%). Higher than average of industry peers (2.1%).
Reported Earnings • Aug 03Second quarter 2023 earnings released: EPS: CA$0.22 (vs CA$0.099 in 2Q 2022)Second quarter 2023 results: EPS: CA$0.22 (up from CA$0.099 in 2Q 2022). Revenue: CA$1.17b (up 4.4% from 2Q 2022). Net income: CA$22.0m (up 120% from 2Q 2022). Profit margin: 1.9% (up from 0.9% in 2Q 2022). Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Packaging industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.
お知らせ • Jul 23Cascades Inc. Announces Executive ChangesCascades Inc. announced after more than 12 years as the head of Cascades Specialty Products Group (SPG), President and COO Luc Langevin announced that he passed the torch on July 1st. With the aim of gradually heading towards retirement, he will continue to be responsible for Cascades Recovery+ (CR+) and will offer his experience and advice to various other Cascades corporate departments. Luc Langevin's career with Cascades began in 1995. As a young, recently graduated engineer, he joined the Company as Plant Manager. He quickly rose through the ranks until he was appointed President and COO of SPG in 2011. Cascades management announced that Jrme Porlier, has been appointed as the new President and COO of SPG effective July 1st, 2023. Jrme Porlier has been part of the Cascades' team for over 10 years. He joined the Company as Succession Plant Manager for the Tissue Group in 2012, taking responsibility for the Candiac plant. Less than two years later, he was promoted to Granby Plant Manager, before again being promoted to Tissu Group General Manager in 2016. Mr. Porlier then joined the Specialty Products Group in 2019. There, he evolved as Vice-President of Operations of the Packaging sector.
お知らせ • Jun 14Cascades Inc. to Report Q2, 2023 Results on Aug 03, 2023Cascades Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 03, 2023
