View ValuationPollard Banknote 향후 성장Future 기준 점검 4/6Pollard Banknote은 연간 수입과 매출이 각각 45.9%와 5.9% 증가할 것으로 예상되고 EPS는 연간 42.9%만큼 증가할 것으로 예상됩니다.핵심 정보45.9%이익 성장률42.94%EPS 성장률Hospitality 이익 성장18.2%매출 성장률5.9%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트14 May 2026최근 향후 성장 업데이트Price Target Changed • May 15Price target decreased by 13% to CA$29.88Down from CA$34.25, the current price target is an average from 4 analysts. New target price is 82% above last closing price of CA$16.40. Stock is down 16% over the past year. The company is forecast to post earnings per share of CA$1.69 for next year compared to CA$1.28 last year.Major Estimate Revision • Aug 20Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CA$605.2m to CA$597.3m. EPS estimate also fell from CA$1.96 per share to CA$1.74 per share. Net income forecast to grow 45% next year vs 23% growth forecast for Hospitality industry in Canada. Consensus price target down from CA$34.75 to CA$33.50. Share price fell 4.7% to CA$20.25 over the past week.Price Target Changed • Mar 12Price target decreased by 11% to CA$36.25Down from CA$40.75, the current price target is an average from 4 analysts. New target price is 72% above last closing price of CA$21.12. Stock is down 41% over the past year. The company is forecast to post earnings per share of CA$1.86 for next year compared to CA$1.30 last year.Major Estimate Revision • Nov 20Consensus EPS estimates increase by 20%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CA$551.5m to CA$561.7m. EPS estimate increased from CA$1.50 to CA$1.79 per share. Net income forecast to shrink 4.1% next year vs 26% growth forecast for Hospitality industry in Canada . Consensus price target up from CA$35.75 to CA$38.50. Share price rose 6.7% to CA$25.29 over the past week.Price Target Changed • Nov 17Price target increased by 7.7% to CA$38.50Up from CA$35.75, the current price target is an average from 4 analysts. New target price is 49% above last closing price of CA$25.90. Stock is down 14% over the past year. The company is forecast to post earnings per share of CA$1.79 for next year compared to CA$1.17 last year.Price Target Changed • Aug 27Price target increased by 9.6% to CA$35.75Up from CA$32.63, the current price target is an average from 4 analysts. New target price is 44% above last closing price of CA$24.90. Stock is down 6.2% over the past year. The company is forecast to post earnings per share of CA$1.50 for next year compared to CA$1.17 last year.모든 업데이트 보기Recent updatesPrice Target Changed • May 15Price target decreased by 13% to CA$29.88Down from CA$34.25, the current price target is an average from 4 analysts. New target price is 82% above last closing price of CA$16.40. Stock is down 16% over the past year. The company is forecast to post earnings per share of CA$1.69 for next year compared to CA$1.28 last year.New Risk • May 14New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.5% Last year net profit margin: 6.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company.Reported Earnings • May 14First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: CA$0.13 (down from CA$0.43 in 1Q 2025). Revenue: CA$141.7m (down 3.1% from 1Q 2025). Net income: CA$3.50m (down 70% from 1Q 2025). Profit margin: 2.5% (down from 8.0% in 1Q 2025). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 8.1%. Earnings per share (EPS) also missed analyst estimates by 67%. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.공시 • May 14Pollard Banknote Limited Declares Cash Dividend for the Period from April 1, 2026 to June 30, 2026, Payable on July 15, 2026Pollard Banknote Limited announced that its Board of Directors has declared a cash dividend of CAD 0.05 per Common Share for the period from April 1, 2026 to June 30, 2026. Payment will be made on July 15, 2026 to shareholders of record on June 30, 2026.공시 • Apr 25Pollard Banknote Limited Announces Retirement of Rob Rose as Executive Vice President, Finance, Effective December 31, 2026Pollard Banknote Limited announced the planned retirement of Rob Rose from the role of Executive Vice President, Finance, effective December 31, 2026. Over the last thirty-one years, Mr. Rose has been an integral member of Pollard Banknote's executive management team, helping guide the Company through tremendous growth and strategic transformation with professionalism and steady leadership. An executive search process for his successor has commenced.공시 • Apr 10Pollard Banknote Limited to Report Q1, 2026 Results on May 13, 2026Pollard Banknote Limited announced that they will report Q1, 2026 results After-Market on May 13, 2026Upcoming Dividend • Mar 27Upcoming dividend of CA$0.05 per shareEligible shareholders must have bought the stock before 31 March 2026. Payment date: 15 April 2026. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Canadian dividend payers (5.7%). Lower than average of industry peers (3.7%).새로운 내러티브 • Mar 27Digital Lottery And Regulatory Risks Will Pressure Margins Yet Leave Long Term Upside PotentialCatalysts About Pollard Banknote Pollard Banknote provides lottery and charitable gaming products and digital solutions to government lotteries and charitable organizations. What are the underlying business or industry changes driving this perspective?Declared Dividend • Mar 13Fourth quarter dividend of CA$0.05 announcedDividend of CA$0.05 is the same as last year. Ex-date: 31st March 2026 Payment date: 15th April 2026 Dividend yield will be 1.1%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 5.2% 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 grow by 68% over the next 2 years, which should provide support to the dividend and adequate earnings cover.새로운 내러티브 • Mar 13Long-Term Lottery Digitisation And Belgium Contract Will Support A Stronger Future Earnings ProfileCatalysts About Pollard Banknote Pollard Banknote supplies lottery and charitable gaming products and related digital solutions to government and charitable customers. What are the underlying business or industry changes driving this perspective?Reported Earnings • Mar 11Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: CA$1.28 (down from CA$1.30 in FY 2024). Revenue: CA$596.0m (up 7.0% from FY 2024). Net income: CA$34.7m (down 1.6% from FY 2024). Profit margin: 5.8% (down from 6.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.공시 • Mar 11Pollard Banknote Limited Announces Cash Dividend for the Period from January 1, 2026 to March 31, 2026, Payable on April 15, 2026Pollard Banknote Limited announced that its Board of Directors has declared a cash dividend of $0.05 per Common Share for the period from January 1, 2026 to March 31, 2026. Payment will be made on April 15, 2026 to shareholders of record on March 31, 2026.공시 • Feb 24Pollard Banknote Limited, Annual General Meeting, May 14, 2026Pollard Banknote Limited, Annual General Meeting, May 14, 2026.공시 • Feb 12Pollard Banknote Limited to Report Q4, 2025 Results on Mar 10, 2026Pollard Banknote Limited announced that they will report Q4, 2025 results After-Market on Mar 10, 2026New Risk • Jan 13New 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$91k 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 (0.6x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (4.8% net profit margin). Significant insider selling over the past 3 months (CA$91k sold).Recent Insider Transactions • Jan 13Executive VP of Legal Affairs recently sold CA$50k worth of stockOn the 7th of January, Riva Richard sold around 3k shares on-market at roughly CA$20.00 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought CA$23k more than they sold in the last 12 months.Recent Insider Transactions • Jan 11Executive VP of Legal Affairs recently sold CA$50k worth of stockOn the 7th of January, Riva Richard sold around 3k shares on-market at roughly CA$20.00 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought CA$23k more than they sold in the last 12 months.Upcoming Dividend • Dec 24Upcoming dividend of CA$0.05 per shareEligible shareholders must have bought the stock before 31 December 2025. Payment date: 15 January 2026. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Canadian dividend payers (5.9%). Lower than average of industry peers (3.6%).분석 기사 • Nov 16Pollard Banknote (TSE:PBL) Has Announced A Dividend Of CA$0.05The board of Pollard Banknote Limited ( TSE:PBL ) has announced that it will pay a dividend of CA$0.05 per share on the...Declared Dividend • Nov 16Third quarter dividend of CA$0.05 announcedDividend of CA$0.05 is the same as last year. Ex-date: 31st December 2025 Payment date: 15th January 2026 Dividend yield will be 1.0%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (5% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has increased by an average of 5.2% 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 grow by 61% over the next year, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Nov 14Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: CA$0.38 (down from CA$0.67 in 3Q 2024). Revenue: CA$156.3m (up 2.0% from 3Q 2024). Net income: CA$10.3m (down 43% from 3Q 2024). Profit margin: 6.6% (down from 12% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 30%. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.공시 • Nov 13Pollard Banknote Limited Announces Cash Dividend for the Period from October 1, 2025 to December 31, 2025, Payable on January 15, 2026Pollard Banknote Limited announced that its Board of Directors has declared a cash dividend of $0.05 per Common Share for the period from October 1, 2025 to December 31, 2025. Payment will be made on January 15, 2026 to shareholders of record on December 31, 2025.분석 기사 • Nov 01At CA$20.26, Is Pollard Banknote Limited (TSE:PBL) Worth Looking At Closely?While Pollard Banknote Limited ( TSE:PBL ) might not have the largest market cap around , it received a lot of...공시 • Oct 09Pollard Banknote Limited to Report Q3, 2025 Results on Nov 12, 2025Pollard Banknote Limited announced that they will report Q3, 2025 results After-Market on Nov 12, 2025Upcoming Dividend • Sep 22Upcoming dividend of CA$0.05 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 15 October 2025. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Canadian dividend payers (5.8%). Lower than average of industry peers (3.9%).분석 기사 • Sep 08Pollard Banknote (TSE:PBL) Is Paying Out A Dividend Of CA$0.05The board of Pollard Banknote Limited ( TSE:PBL ) has announced that it will pay a dividend on the 15th of October...Major Estimate Revision • Aug 20Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CA$605.2m to CA$597.3m. EPS estimate also fell from CA$1.96 per share to CA$1.74 per share. Net income forecast to grow 45% next year vs 23% growth forecast for Hospitality industry in Canada. Consensus price target down from CA$34.75 to CA$33.50. Share price fell 4.7% to CA$20.25 over the past week.Declared Dividend • Aug 17Second quarter dividend of CA$0.05 announcedDividend of CA$0.05 is the same as last year. Ex-date: 29th September 2025 Payment date: 15th October 2025 Dividend yield will be 1.0%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (7% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.2% 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 grow by 34% over the next year, which should provide support to the dividend and adequate earnings cover.공시 • Aug 15Pollard Banknote Limited announces Quarterly dividend, payable on October 15, 2025Pollard Banknote Limited announced Quarterly dividend of CAD 0.0500 per share payable on October 15, 2025, ex-date on September 29, 2025 and record date on September 30, 2025.Reported Earnings • Aug 14Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: CA$0.30 (down from CA$0.44 in 2Q 2024). Revenue: CA$142.7m (up 3.5% from 2Q 2024). Net income: CA$8.02m (down 32% from 2Q 2024). Profit margin: 5.6% (down from 8.6% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.8%. Earnings per share (EPS) also missed analyst estimates by 40%. Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.공시 • Jul 10Pollard Banknote Limited to Report Q2, 2025 Results on Aug 13, 2025Pollard Banknote Limited announced that they will report Q2, 2025 results After-Market on Aug 13, 2025Upcoming Dividend • Jun 23Upcoming dividend of CA$0.05 per shareEligible shareholders must have bought the stock before 30 June 2025. Payment date: 15 July 2025. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Canadian dividend payers (6.1%). Lower than average of industry peers (3.8%).분석 기사 • May 11Pollard Banknote (TSE:PBL) Is Due To Pay A Dividend Of CA$0.05Pollard Banknote Limited ( TSE:PBL ) will pay a dividend of CA$0.05 on the 15th of July. Including this payment, the...Declared Dividend • May 11First quarter dividend of CA$0.05 announcedDividend of CA$0.05 is the same as last year. Ex-date: 30th June 2025 Payment date: 15th July 2025 Dividend yield will be 1.0%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (14% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.2% 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 grow by 25% over the next year, which should provide support to the dividend and adequate earnings cover.New Risk • May 09New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company.Reported Earnings • May 09First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: CA$0.43 (up from CA$0.26 in 1Q 2024). Revenue: CA$146.3m (up 16% from 1Q 2024). Net income: CA$11.7m (up 69% from 1Q 2024). Profit margin: 8.0% (up from 5.5% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) also surpassed analyst estimates by 59%. Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.공시 • May 09Pollard Banknote Limited announces Quarterly dividend, payable on July 15, 2025Pollard Banknote Limited announced Quarterly dividend of CAD 0.0500 per share payable on July 15, 2025, ex-date on June 30, 2025 and record date on June 30, 2025.분석 기사 • May 02Here's Why Pollard Banknote Limited's (TSE:PBL) CEO Compensation Is The Least Of Shareholders ConcernsKey Insights Pollard Banknote to hold its Annual General Meeting on 8th of May Total pay for CEO John Pollard includes...공시 • Apr 11Pollard Banknote Limited to Report Q1, 2025 Results on May 07, 2025Pollard Banknote Limited announced that they will report Q1, 2025 results After-Market on May 07, 2025분석 기사 • Apr 05At CA$18.30, Is It Time To Put Pollard Banknote Limited (TSE:PBL) On Your Watch List?Pollard Banknote Limited ( TSE:PBL ), is not the largest company out there, but it saw significant share price movement...Valuation Update With 7 Day Price Move • Mar 17Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CA$21.00, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 20x in the Hospitality industry in North America. Total loss to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$31.54 per share.Declared Dividend • Mar 14Fourth quarter dividend of CA$0.05 announcedDividend of CA$0.05 is the same as last year. Ex-date: 31st March 2025 Payment date: 15th April 2025 Dividend yield will be 1.0%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 5.2% 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 grow by 62% over the next 2 years, which should provide support to the dividend and adequate earnings cover.분석 기사 • Mar 14Take Care Before Jumping Onto Pollard Banknote Limited (TSE:PBL) Even Though It's 26% CheaperPollard Banknote Limited ( TSE:PBL ) shares have had a horrible month, losing 26% after a relatively good period...Price Target Changed • Mar 12Price target decreased by 11% to CA$36.25Down from CA$40.75, the current price target is an average from 4 analysts. New target price is 72% above last closing price of CA$21.12. Stock is down 41% over the past year. The company is forecast to post earnings per share of CA$1.86 for next year compared to CA$1.30 last year.Reported Earnings • Mar 11Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CA$1.30 (up from CA$1.17 in FY 2023). Revenue: CA$557.1m (up 7.0% from FY 2023). Net income: CA$35.2m (up 12% from FY 2023). Profit margin: 6.3% (up from 6.0% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.공시 • Mar 11Pollard Banknote Limited Declares Cash Dividend for the Period from January 1, 2025 to March 31, 2025, Payable on April 15, 2025Pollard Banknote Limited announced that its Board of Directors has declared a cash dividend of $0.05 per common share for the period from January 1, 2025 to March 31, 2025. Payment will be made on April 15, 2025 to shareholders of record on March 31, 2025.공시 • Feb 25Pollard Banknote Limited, Annual General Meeting, May 08, 2025Pollard Banknote Limited, Annual General Meeting, May 08, 2025.공시 • Feb 19Pollard Banknote Limited to Report Q4, 2024 Results on Mar 10, 2025Pollard Banknote Limited announced that they will report Q4, 2024 results After-Market on Mar 10, 2025공시 • Feb 14Pollard Banknote Launches iLottery Solution in KansasPollard Banknote Limited announced that the Kansas Lottery on the successful launch of its iLottery program, powered by the Pollard Catalyst™ Gaming Platform, Pollard Banknote's cloud-native, modular, and API-first iLottery solution. The leadership and strong partnership of the Kansas Lottery, combined with Pollard Banknote's deep iLottery expertise, enabled today's launch to come only ten months after initial scoping, making this the fastest implementation of a full iLottery program in U.S. history. players in Kansas will be able to play popular draw-based games including Powerball® and Mega Millions®, and an initial offering of nine e Instant games from the Pollard Digital Games Studio on the Lottery's website. eInstants available at launch include Jayhawk Riches and Wildcat Riches, a pair of games customized for the market that celebrate the rivalry between the Kansas State University and University of Kansas athletic programs, and tie into the Rivalry Riches instant ticket currently in-market in Kansas. Additional draw-based games will be added soon, and new e Instant games will launch every two weeks to ensure the offerings remain fresh and exciting for Kansas players. The iLottery solution builds on the Lottery's existing PlayOn® Loyalty Program, Pollard Banknote's proprietary loyalty solution. Existing PlayOn® members can easily join in the fun by upgrading their existing loyalty accounts. The Lottery launched PlayOn® in 2017, enabling players to earn points by submitting their retail tickets and completing other activities. Points can be redeemed for chances to win cash, experiential prizes, or free plays. In addition to the features mentioned above, the turnkey iLottery solution includes a complete Player Account Management system that provides the functionality required for registration, age and identity verification, wallet transactions, and responsible gaming features. Geolocation services are provided through Pollard Banknote's proprietary GeoLocs™ technology. Pollard Banknote is additionally providing a suite of business services including marketing, draw operations, risk management, and a player support center. Since the Kansas Lottery's start up in November 1987, through June 30, 2024, lottery ticket sales have produced more than $2.2 billion in revenues transferred to the State of Kansas. In that same time period, nearly $4.4 billion worth of prizes have been paid to players, and retailers have earned more than $450 million in commissions. The Lottery's fiscal year 2024, which ended June 30, 2024, produced almost $338 million in sales and more than $88 million transferred to the State. Funds generated by the Kansas Lottery go toward supporting economic development initiatives, prison construction and maintenance projects, local juvenile detection facilities, problem gambling assistance, and the State General Fund.새로운 내러티브 • Feb 08Repriced Contracts And Catalyst Platform Will Drive Future Success In iLottery Market Increased contract pricing and iLottery technology investments position Pollard Banknote for enhanced revenue, margins, and competitive growth in digital lottery markets. 분석 기사 • Jan 23Be Wary Of Pollard Banknote (TSE:PBL) And Its Returns On CapitalDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...분석 기사 • Jan 23What Pollard Banknote Limited's (TSE:PBL) 25% Share Price Gain Is Not Telling YouPollard Banknote Limited ( TSE:PBL ) shareholders have had their patience rewarded with a 25% share price jump in the...Upcoming Dividend • Dec 24Upcoming dividend of CA$0.05 per shareEligible shareholders must have bought the stock before 31 December 2024. Payment date: 15 January 2025. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Canadian dividend payers (6.4%). Lower than average of industry peers (3.5%).New Risk • Nov 21New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Earnings are forecast to decline by an average of 2.1% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (CA$135k sold).Major Estimate Revision • Nov 20Consensus EPS estimates increase by 20%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CA$551.5m to CA$561.7m. EPS estimate increased from CA$1.50 to CA$1.79 per share. Net income forecast to shrink 4.1% next year vs 26% growth forecast for Hospitality industry in Canada . Consensus price target up from CA$35.75 to CA$38.50. Share price rose 6.7% to CA$25.29 over the past week.Declared Dividend • Nov 17Third quarter dividend of CA$0.05 announcedShareholders will receive a dividend of CA$0.05. Ex-date: 31st December 2024 Payment date: 15th January 2025 Dividend yield will be 0.8%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: 2%. Cash payout ratio: 25%.Price Target Changed • Nov 17Price target increased by 7.7% to CA$38.50Up from CA$35.75, the current price target is an average from 4 analysts. New target price is 49% above last closing price of CA$25.90. Stock is down 14% over the past year. The company is forecast to post earnings per share of CA$1.79 for next year compared to CA$1.17 last year.Reported Earnings • Nov 15Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: CA$0.67 (up from CA$0.29 in 3Q 2023). Revenue: CA$153.2m (up 19% from 3Q 2023). Net income: CA$18.2m (up 135% from 3Q 2023). Profit margin: 12% (up from 6.0% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.3%. Earnings per share (EPS) also surpassed analyst estimates by 74%. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.분석 기사 • Nov 15Investors Interested In Pollard Banknote Limited's (TSE:PBL) EarningsPollard Banknote Limited's ( TSE:PBL ) price-to-earnings (or "P/E") ratio of 18.7x might make it look like a sell right...공시 • Nov 14Pollard Banknote Limited Announces Dividend, Payable on January 15, 2025Pollard Banknote Limited announced that its Board of Directors has declared a cash dividend of $0.05 per Common Share for the period from October 1, 2024 to December 31, 2024. Payment will be made on January 15, 2025 to shareholders of record on December 31, 2024.공시 • Oct 24Pollard Banknote Limited to Report Q3, 2024 Results on Nov 13, 2024Pollard Banknote Limited announced that they will report Q3, 2024 results After-Market on Nov 13, 2024Recent Insider Transactions Derivative • Oct 18Insider exercised options to buy CA$156k worth of stock.On the 16th of October, Jennifer Westbury exercised options to buy 6k shares at a strike price of around CA$21.33, costing a total of CA$133k. This transaction amounted to 83% of their direct individual holding at the time of the trade. Since December 2023, Jennifer has owned 7.50k shares directly. Company insiders have collectively bought CA$170k more than they sold, via options and on-market transactions, in the last 12 months.공시 • Oct 18Pollard Banknote to Highlight Innovation At the World Lottery Summit 2024Pollard Banknote Limited announced its participation at the 2024 World Lottery Summit (WLS) in Paris, France where it will demonstrate strategies to propel player journeys and showcase solutions designed to drive growth for lotteries and the good causes they support. As a Platinum Contributor, Pollard Banknote is also delighted to have the opportunity to speak to lottery innovation during the main stage presentation and panels. Pollard Banknote invites lottery professionals to explore its trade show booth from October 21 to 24 and discover how the Company delivers retail excellence, outstanding games, and digital innovation to its clients. The booth will feature engaging interactive product presentations and display stations, offering detailed information on retail strategies that enhance visibility as well as in-lane and self-serve solutions that ease the purchase process. Innovative scratch tickets, eInstant games, and omnichannel programs that demonstrate a commitment to building valuable player experiences will also be showcased. Additionally, attendees will learn more about Pollard Banknote's continuous investment in digital innovation, providing comprehensive solutions and strategies that maximize engagement and drive revenue. Pollard Banknote is also excited to present its own full-scale Omnichannel Gaming Solution powered by the cutting-edge technology of its Pollard CatalystTM Gaming Platform ("CatalystTM"). The solution is designed with exceptional flexibility and configurability to meet a variety of lottery technology and services needs across all channels of player engagement. It is a fully cloud-native, modular, and API-first solution that is uniquely positioned to revolutionize the lottery gaming systems space by leapfrogging legacy alternatives. The platform's modern design easily integrates with other solutions, accelerates roadmap development, and enables cutting-edge features such as fully automatic scalability, even during high-demand jackpot runs. CatalystTM delivers world-class user experiences for players and a 360-degree view of player data, which can be used to responsibly generate and personalize engagement.Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CA$27.00, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Hospitality industry in North America. Total loss to shareholders of 42% over the past three years.Recent Insider Transactions • Sep 23Executive VP of Legal Affairs recently sold CA$74k worth of stockOn the 20th of September, Riva Richard sold around 3k shares on-market at roughly CA$24.66 per share. This transaction amounted to 20% 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$1.2m more than they bought in the last 12 months.Upcoming Dividend • Sep 20Upcoming dividend of CA$0.05 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 15 October 2024. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Canadian dividend payers (5.9%). Lower than average of industry peers (3.4%).분석 기사 • Sep 03Returns On Capital At Pollard Banknote (TSE:PBL) Paint A Concerning PictureIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...Valuation Update With 7 Day Price Move • Aug 29Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CA$25.35, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Hospitality industry in North America. Total loss to shareholders of 44% over the past three years.New Risk • Aug 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Price Target Changed • Aug 27Price target increased by 9.6% to CA$35.75Up from CA$32.63, the current price target is an average from 4 analysts. New target price is 44% above last closing price of CA$24.90. Stock is down 6.2% over the past year. The company is forecast to post earnings per share of CA$1.50 for next year compared to CA$1.17 last year.Major Estimate Revision • Aug 20Consensus EPS estimates increase by 22%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from CA$1.29 to CA$1.57. Revenue forecast steady at CA$552.0m. Net income forecast to grow 18% next year vs 24% growth forecast for Hospitality industry in Canada. Consensus price target up from CA$32.63 to CA$34.75. Share price rose 17% to CA$22.00 over the past week.Reported Earnings • Aug 15Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: CA$0.44 (up from CA$0.28 in 2Q 2023). Revenue: CA$137.8m (up 5.8% from 2Q 2023). Net income: CA$11.9m (up 57% from 2Q 2023). Profit margin: 8.6% (up from 5.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 65%. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.공시 • Aug 14Pollard Banknote Announces Dividend for the Period from July 1, 2024 to September 30, 2024, Payable on October 15, 2024Pollard Banknote Limited announced that its Board of Directors has declared a cash dividend of $0.05 per Common Share for the period from July 1, 2024 to September 30, 2024. Payment will be made on October 15, 2024 to shareholders of record on September 30, 2024.분석 기사 • Aug 08Pollard Banknote Limited's (TSE:PBL) 33% Share Price Plunge Could Signal Some RiskUnfortunately for some shareholders, the Pollard Banknote Limited ( TSE:PBL ) share price has dived 33% in the last...Price Target Changed • Aug 07Price target decreased by 24% to CA$32.63Down from CA$43.00, the current price target is an average from 4 analysts. New target price is 66% above last closing price of CA$19.61. Stock is down 23% over the past year. The company is forecast to post earnings per share of CA$1.29 for next year compared to CA$1.17 last year.Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 36%After last week's 36% share price decline to CA$18.35, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Hospitality industry in North America. Total loss to shareholders of 60% over the past three years.공시 • Jul 30Pollard Banknote Limited (TSX:PBL) has signed a definitive agreement to acquire Clarence J. Venne, LLC for $12.6 million.Pollard Banknote Limited (TSX:PBL) has signed a definitive agreement to acquire Clarence J. Venne, LLC for $12.6 million on July 29, 2024. The purchase price was funded from existing Pollard Banknote cash resources and availability under existing senior credit facilities. The Acquisition is expected to be accretive to Pollard Banknote’s net income and is not contingent on any approvals or financing. The transaction is expected to be completed on July 31, 2024.Valuation Update With 7 Day Price Move • Jun 28Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CA$28.00, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Hospitality industry in North America. Total loss to shareholders of 47% over the past three years.Major Estimate Revision • May 15Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CA$559.4m to CA$545.6m. EPS estimate also fell from CA$1.41 per share to CA$1.19 per share. Net income forecast to shrink 6.4% next year vs 28% growth forecast for Hospitality industry in Canada . Consensus price target broadly unchanged at CA$42.38. Share price fell 6.9% to CA$32.56 over the past week.Declared Dividend • May 13Dividend of CA$0.05 announcedShareholders will receive a dividend of CA$0.05. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 0.4%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: 13%. Cash payout ratio: 16%.Reported Earnings • May 09First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2024 results: EPS: CA$0.26 (up from CA$0.18 in 1Q 2023). Revenue: CA$125.7m (flat on 1Q 2023). Net income: CA$6.93m (up 44% from 1Q 2023). Profit margin: 5.5% (up from 3.9% in 1Q 2023). Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) exceeded analyst estimates by 8.7%. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.공시 • May 09Pollard Banknote Limited Declares Cash Dividend for the Period from April 1, 2024 to June 30, 2024, Payable on July 15, 2024Pollard Banknote Limited declared a cash dividend of $0.05 per Common Share for the period from April 1, 2024 to June 30, 2024. Payment will be made on July 15, 2024 to shareholders of record on June 30, 2024.분석 기사 • May 03This Is Why Shareholders May Want To Hold Back On A Pay Rise For Pollard Banknote Limited's (TSE:PBL) CEOKey Insights Pollard Banknote to hold its Annual General Meeting on 9th of May Salary of CA$387.0k is part of CEO John...Recent Insider Transactions Derivative • Apr 07Insider exercised options to buy CA$369k worth of stock.On the 1st of April, Paul Franzmann exercised options to buy 10k shares at a strike price of around CA$10.00, costing a total of CA$100k. As of today, Paul currently holds no shares directly. Company insiders have collectively sold CA$637k more than they bought, via options and on-market transactions in the last 12 months.New Risk • Mar 29New 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$689k 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 (0.7x net interest cover). Minor Risk Significant insider selling over the past 3 months (CA$689k sold).분석 기사 • Mar 28Pollard Banknote (TSE:PBL) Could Be Struggling To Allocate CapitalFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Recent Insider Transactions • Mar 27Insider recently sold CA$170k worth of stockOn the 21st of March, Jennifer Westbury sold around 5k shares on-market at roughly CA$37.00 per share. This transaction amounted to 38% 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$1.2m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Mar 22Insider exercised options to buy CA$276k worth of stock.On the 20th of March, Jennifer Westbury exercised options to buy 8k shares at a strike price of around CA$20.70, costing a total of CA$155k. This transaction amounted to 163% of their direct individual holding at the time of the trade. Since June 2023, Jennifer's direct individual holding has decreased from 7.30k shares to 4.60k. Company insiders have collectively sold CA$632k more than they bought, via options and on-market transactions in the last 12 months.Upcoming Dividend • Mar 20Upcoming dividend of CA$0.05 per shareEligible shareholders must have bought the stock before 27 March 2024. Payment date: 15 April 2024. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Canadian dividend payers (6.4%). Lower than average of industry peers (3.0%).Declared Dividend • Mar 08Dividend of CA$0.05 announcedShareholders will receive a dividend of CA$0.05. Ex-date: 27th March 2024 Payment date: 15th April 2024 Dividend yield will be 0.4%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: 14%. Cash payout ratio: 16%.공시 • Mar 06Pollard Banknote Limited Declares Cash Dividend on Common Shares for the Period from January 1, 2024 to March 31, 2024, Payable on April 15, 2024Pollard Banknote Limited announced that its Board of Directors has declared a cash dividend of $0.05 per Common Share for the period from January 1, 2024 to March 31, 2024. Payment will be made on April 15, 2024 to shareholders of record on March 31, 2024.Price Target Changed • Mar 06Price target increased by 7.8% to CA$41.50Up from CA$38.50, the current price target is an average from 4 analysts. New target price is 13% above last closing price of CA$36.65. Stock is up 76% over the past year. The company is forecast to post earnings per share of CA$1.41 for next year compared to CA$1.17 last year.공시 • Feb 24Pollard Banknote Limited, Annual General Meeting, May 09, 2024Pollard Banknote Limited, Annual General Meeting, May 09, 2024.Buy Or Sell Opportunity • Feb 20Now 22% undervaluedOver the last 90 days, the stock has risen 9.5% to CA$32.75. The fair value is estimated to be CA$42.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years. Earnings per share has declined by 21%. Revenue is forecast to grow by 6.0% in a year. Earnings are forecast to grow by 3.8% in the next year.Recent Insider Transactions • Jan 08Insider recently sold CA$97k worth of stockOn the 4th of January, Jennifer Westbury sold around 3k shares on-market at roughly CA$33.54 per share. This transaction amounted to 39% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CA$318k. Insiders have been net sellers, collectively disposing of CA$1.0m more than they bought in the last 12 months.이익 및 매출 성장 예측TSX:PBL - 애널리스트 향후 추정치 및 과거 재무 데이터 (CAD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20276566448N/A412/31/20266244841N/A43/31/202659226N/AN/AN/A12/31/2025596352584N/A9/30/2025586281068N/A6/30/202558236-1741N/A3/31/202557840-3623N/A12/31/2024557352074N/A9/30/2024552481565N/A6/30/2024528382165N/A3/31/2024521343475N/A12/31/2023520312665N/A9/30/2023513313270N/A6/30/2023510233370N/A3/31/2023495181751N/A12/31/2022484192154N/A9/30/202247214339N/A6/30/202246313944N/A3/31/2022461192460N/A12/31/2021459202257N/A9/30/2021446272148N/A6/30/2021446402652N/A3/31/2021424422748N/A12/31/2020414334160N/A9/30/2020410265071N/A6/30/2020397174164N/A3/31/2020403132651N/A12/31/201939822N/A29N/A9/30/201936815N/A26N/A6/30/201935918N/A21N/A3/31/201934918N/A25N/A12/31/201833215N/A40N/A9/30/201834121N/A38N/A6/30/201831719N/A33N/A3/31/201830920N/A36N/A12/31/201728617N/A28N/A9/30/201727216N/A26N/A6/30/201726414N/A25N/A3/31/201724010N/A24N/A12/31/201624612N/A12N/A9/30/201623810N/A12N/A6/30/20162339N/A14N/A3/31/201623110N/A14N/A12/31/20152217N/A20N/A9/30/20152078N/A17N/A6/30/20152038N/A21N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: PBL 의 연간 예상 수익 증가율(45.9%)이 saving rate(3%)보다 높습니다.수익 vs 시장: PBL 의 연간 수익(45.9%)이 Canadian 시장(10.7%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: PBL 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: PBL 의 수익(연간 5.9%)이 Canadian 시장(연간 4.6%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: PBL 의 수익(연간 5.9%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: PBL의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YConsumer-services 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/18 11:44종가2026/05/15 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Pollard Banknote Limited는 8명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Jim ByrneAcumen Capital Finance Partners LimitedDavid McFadgenATB CormarkDavid McFadgenATB Cormark Historical (Cormark Securities)5명의 분석가 더 보기
Price Target Changed • May 15Price target decreased by 13% to CA$29.88Down from CA$34.25, the current price target is an average from 4 analysts. New target price is 82% above last closing price of CA$16.40. Stock is down 16% over the past year. The company is forecast to post earnings per share of CA$1.69 for next year compared to CA$1.28 last year.
Major Estimate Revision • Aug 20Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CA$605.2m to CA$597.3m. EPS estimate also fell from CA$1.96 per share to CA$1.74 per share. Net income forecast to grow 45% next year vs 23% growth forecast for Hospitality industry in Canada. Consensus price target down from CA$34.75 to CA$33.50. Share price fell 4.7% to CA$20.25 over the past week.
Price Target Changed • Mar 12Price target decreased by 11% to CA$36.25Down from CA$40.75, the current price target is an average from 4 analysts. New target price is 72% above last closing price of CA$21.12. Stock is down 41% over the past year. The company is forecast to post earnings per share of CA$1.86 for next year compared to CA$1.30 last year.
Major Estimate Revision • Nov 20Consensus EPS estimates increase by 20%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CA$551.5m to CA$561.7m. EPS estimate increased from CA$1.50 to CA$1.79 per share. Net income forecast to shrink 4.1% next year vs 26% growth forecast for Hospitality industry in Canada . Consensus price target up from CA$35.75 to CA$38.50. Share price rose 6.7% to CA$25.29 over the past week.
Price Target Changed • Nov 17Price target increased by 7.7% to CA$38.50Up from CA$35.75, the current price target is an average from 4 analysts. New target price is 49% above last closing price of CA$25.90. Stock is down 14% over the past year. The company is forecast to post earnings per share of CA$1.79 for next year compared to CA$1.17 last year.
Price Target Changed • Aug 27Price target increased by 9.6% to CA$35.75Up from CA$32.63, the current price target is an average from 4 analysts. New target price is 44% above last closing price of CA$24.90. Stock is down 6.2% over the past year. The company is forecast to post earnings per share of CA$1.50 for next year compared to CA$1.17 last year.
Price Target Changed • May 15Price target decreased by 13% to CA$29.88Down from CA$34.25, the current price target is an average from 4 analysts. New target price is 82% above last closing price of CA$16.40. Stock is down 16% over the past year. The company is forecast to post earnings per share of CA$1.69 for next year compared to CA$1.28 last year.
New Risk • May 14New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.5% Last year net profit margin: 6.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company.
Reported Earnings • May 14First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: CA$0.13 (down from CA$0.43 in 1Q 2025). Revenue: CA$141.7m (down 3.1% from 1Q 2025). Net income: CA$3.50m (down 70% from 1Q 2025). Profit margin: 2.5% (down from 8.0% in 1Q 2025). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 8.1%. Earnings per share (EPS) also missed analyst estimates by 67%. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
공시 • May 14Pollard Banknote Limited Declares Cash Dividend for the Period from April 1, 2026 to June 30, 2026, Payable on July 15, 2026Pollard Banknote Limited announced that its Board of Directors has declared a cash dividend of CAD 0.05 per Common Share for the period from April 1, 2026 to June 30, 2026. Payment will be made on July 15, 2026 to shareholders of record on June 30, 2026.
공시 • Apr 25Pollard Banknote Limited Announces Retirement of Rob Rose as Executive Vice President, Finance, Effective December 31, 2026Pollard Banknote Limited announced the planned retirement of Rob Rose from the role of Executive Vice President, Finance, effective December 31, 2026. Over the last thirty-one years, Mr. Rose has been an integral member of Pollard Banknote's executive management team, helping guide the Company through tremendous growth and strategic transformation with professionalism and steady leadership. An executive search process for his successor has commenced.
공시 • Apr 10Pollard Banknote Limited to Report Q1, 2026 Results on May 13, 2026Pollard Banknote Limited announced that they will report Q1, 2026 results After-Market on May 13, 2026
Upcoming Dividend • Mar 27Upcoming dividend of CA$0.05 per shareEligible shareholders must have bought the stock before 31 March 2026. Payment date: 15 April 2026. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Canadian dividend payers (5.7%). Lower than average of industry peers (3.7%).
새로운 내러티브 • Mar 27Digital Lottery And Regulatory Risks Will Pressure Margins Yet Leave Long Term Upside PotentialCatalysts About Pollard Banknote Pollard Banknote provides lottery and charitable gaming products and digital solutions to government lotteries and charitable organizations. What are the underlying business or industry changes driving this perspective?
Declared Dividend • Mar 13Fourth quarter dividend of CA$0.05 announcedDividend of CA$0.05 is the same as last year. Ex-date: 31st March 2026 Payment date: 15th April 2026 Dividend yield will be 1.1%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 5.2% 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 grow by 68% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
새로운 내러티브 • Mar 13Long-Term Lottery Digitisation And Belgium Contract Will Support A Stronger Future Earnings ProfileCatalysts About Pollard Banknote Pollard Banknote supplies lottery and charitable gaming products and related digital solutions to government and charitable customers. What are the underlying business or industry changes driving this perspective?
Reported Earnings • Mar 11Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: CA$1.28 (down from CA$1.30 in FY 2024). Revenue: CA$596.0m (up 7.0% from FY 2024). Net income: CA$34.7m (down 1.6% from FY 2024). Profit margin: 5.8% (down from 6.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
공시 • Mar 11Pollard Banknote Limited Announces Cash Dividend for the Period from January 1, 2026 to March 31, 2026, Payable on April 15, 2026Pollard Banknote Limited announced that its Board of Directors has declared a cash dividend of $0.05 per Common Share for the period from January 1, 2026 to March 31, 2026. Payment will be made on April 15, 2026 to shareholders of record on March 31, 2026.
공시 • Feb 24Pollard Banknote Limited, Annual General Meeting, May 14, 2026Pollard Banknote Limited, Annual General Meeting, May 14, 2026.
공시 • Feb 12Pollard Banknote Limited to Report Q4, 2025 Results on Mar 10, 2026Pollard Banknote Limited announced that they will report Q4, 2025 results After-Market on Mar 10, 2026
New Risk • Jan 13New 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$91k 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 (0.6x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (4.8% net profit margin). Significant insider selling over the past 3 months (CA$91k sold).
Recent Insider Transactions • Jan 13Executive VP of Legal Affairs recently sold CA$50k worth of stockOn the 7th of January, Riva Richard sold around 3k shares on-market at roughly CA$20.00 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought CA$23k more than they sold in the last 12 months.
Recent Insider Transactions • Jan 11Executive VP of Legal Affairs recently sold CA$50k worth of stockOn the 7th of January, Riva Richard sold around 3k shares on-market at roughly CA$20.00 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought CA$23k more than they sold in the last 12 months.
Upcoming Dividend • Dec 24Upcoming dividend of CA$0.05 per shareEligible shareholders must have bought the stock before 31 December 2025. Payment date: 15 January 2026. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Canadian dividend payers (5.9%). Lower than average of industry peers (3.6%).
분석 기사 • Nov 16Pollard Banknote (TSE:PBL) Has Announced A Dividend Of CA$0.05The board of Pollard Banknote Limited ( TSE:PBL ) has announced that it will pay a dividend of CA$0.05 per share on the...
Declared Dividend • Nov 16Third quarter dividend of CA$0.05 announcedDividend of CA$0.05 is the same as last year. Ex-date: 31st December 2025 Payment date: 15th January 2026 Dividend yield will be 1.0%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (5% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has increased by an average of 5.2% 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 grow by 61% over the next year, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Nov 14Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: CA$0.38 (down from CA$0.67 in 3Q 2024). Revenue: CA$156.3m (up 2.0% from 3Q 2024). Net income: CA$10.3m (down 43% from 3Q 2024). Profit margin: 6.6% (down from 12% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 30%. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
공시 • Nov 13Pollard Banknote Limited Announces Cash Dividend for the Period from October 1, 2025 to December 31, 2025, Payable on January 15, 2026Pollard Banknote Limited announced that its Board of Directors has declared a cash dividend of $0.05 per Common Share for the period from October 1, 2025 to December 31, 2025. Payment will be made on January 15, 2026 to shareholders of record on December 31, 2025.
분석 기사 • Nov 01At CA$20.26, Is Pollard Banknote Limited (TSE:PBL) Worth Looking At Closely?While Pollard Banknote Limited ( TSE:PBL ) might not have the largest market cap around , it received a lot of...
공시 • Oct 09Pollard Banknote Limited to Report Q3, 2025 Results on Nov 12, 2025Pollard Banknote Limited announced that they will report Q3, 2025 results After-Market on Nov 12, 2025
Upcoming Dividend • Sep 22Upcoming dividend of CA$0.05 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 15 October 2025. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Canadian dividend payers (5.8%). Lower than average of industry peers (3.9%).
분석 기사 • Sep 08Pollard Banknote (TSE:PBL) Is Paying Out A Dividend Of CA$0.05The board of Pollard Banknote Limited ( TSE:PBL ) has announced that it will pay a dividend on the 15th of October...
Major Estimate Revision • Aug 20Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CA$605.2m to CA$597.3m. EPS estimate also fell from CA$1.96 per share to CA$1.74 per share. Net income forecast to grow 45% next year vs 23% growth forecast for Hospitality industry in Canada. Consensus price target down from CA$34.75 to CA$33.50. Share price fell 4.7% to CA$20.25 over the past week.
Declared Dividend • Aug 17Second quarter dividend of CA$0.05 announcedDividend of CA$0.05 is the same as last year. Ex-date: 29th September 2025 Payment date: 15th October 2025 Dividend yield will be 1.0%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (7% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.2% 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 grow by 34% over the next year, which should provide support to the dividend and adequate earnings cover.
공시 • Aug 15Pollard Banknote Limited announces Quarterly dividend, payable on October 15, 2025Pollard Banknote Limited announced Quarterly dividend of CAD 0.0500 per share payable on October 15, 2025, ex-date on September 29, 2025 and record date on September 30, 2025.
Reported Earnings • Aug 14Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: CA$0.30 (down from CA$0.44 in 2Q 2024). Revenue: CA$142.7m (up 3.5% from 2Q 2024). Net income: CA$8.02m (down 32% from 2Q 2024). Profit margin: 5.6% (down from 8.6% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.8%. Earnings per share (EPS) also missed analyst estimates by 40%. Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
공시 • Jul 10Pollard Banknote Limited to Report Q2, 2025 Results on Aug 13, 2025Pollard Banknote Limited announced that they will report Q2, 2025 results After-Market on Aug 13, 2025
Upcoming Dividend • Jun 23Upcoming dividend of CA$0.05 per shareEligible shareholders must have bought the stock before 30 June 2025. Payment date: 15 July 2025. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Canadian dividend payers (6.1%). Lower than average of industry peers (3.8%).
분석 기사 • May 11Pollard Banknote (TSE:PBL) Is Due To Pay A Dividend Of CA$0.05Pollard Banknote Limited ( TSE:PBL ) will pay a dividend of CA$0.05 on the 15th of July. Including this payment, the...
Declared Dividend • May 11First quarter dividend of CA$0.05 announcedDividend of CA$0.05 is the same as last year. Ex-date: 30th June 2025 Payment date: 15th July 2025 Dividend yield will be 1.0%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (14% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.2% 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 grow by 25% over the next year, which should provide support to the dividend and adequate earnings cover.
New Risk • May 09New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company.
Reported Earnings • May 09First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: CA$0.43 (up from CA$0.26 in 1Q 2024). Revenue: CA$146.3m (up 16% from 1Q 2024). Net income: CA$11.7m (up 69% from 1Q 2024). Profit margin: 8.0% (up from 5.5% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) also surpassed analyst estimates by 59%. Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
공시 • May 09Pollard Banknote Limited announces Quarterly dividend, payable on July 15, 2025Pollard Banknote Limited announced Quarterly dividend of CAD 0.0500 per share payable on July 15, 2025, ex-date on June 30, 2025 and record date on June 30, 2025.
분석 기사 • May 02Here's Why Pollard Banknote Limited's (TSE:PBL) CEO Compensation Is The Least Of Shareholders ConcernsKey Insights Pollard Banknote to hold its Annual General Meeting on 8th of May Total pay for CEO John Pollard includes...
공시 • Apr 11Pollard Banknote Limited to Report Q1, 2025 Results on May 07, 2025Pollard Banknote Limited announced that they will report Q1, 2025 results After-Market on May 07, 2025
분석 기사 • Apr 05At CA$18.30, Is It Time To Put Pollard Banknote Limited (TSE:PBL) On Your Watch List?Pollard Banknote Limited ( TSE:PBL ), is not the largest company out there, but it saw significant share price movement...
Valuation Update With 7 Day Price Move • Mar 17Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CA$21.00, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 20x in the Hospitality industry in North America. Total loss to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$31.54 per share.
Declared Dividend • Mar 14Fourth quarter dividend of CA$0.05 announcedDividend of CA$0.05 is the same as last year. Ex-date: 31st March 2025 Payment date: 15th April 2025 Dividend yield will be 1.0%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 5.2% 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 grow by 62% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
분석 기사 • Mar 14Take Care Before Jumping Onto Pollard Banknote Limited (TSE:PBL) Even Though It's 26% CheaperPollard Banknote Limited ( TSE:PBL ) shares have had a horrible month, losing 26% after a relatively good period...
Price Target Changed • Mar 12Price target decreased by 11% to CA$36.25Down from CA$40.75, the current price target is an average from 4 analysts. New target price is 72% above last closing price of CA$21.12. Stock is down 41% over the past year. The company is forecast to post earnings per share of CA$1.86 for next year compared to CA$1.30 last year.
Reported Earnings • Mar 11Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CA$1.30 (up from CA$1.17 in FY 2023). Revenue: CA$557.1m (up 7.0% from FY 2023). Net income: CA$35.2m (up 12% from FY 2023). Profit margin: 6.3% (up from 6.0% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
공시 • Mar 11Pollard Banknote Limited Declares Cash Dividend for the Period from January 1, 2025 to March 31, 2025, Payable on April 15, 2025Pollard Banknote Limited announced that its Board of Directors has declared a cash dividend of $0.05 per common share for the period from January 1, 2025 to March 31, 2025. Payment will be made on April 15, 2025 to shareholders of record on March 31, 2025.
공시 • Feb 25Pollard Banknote Limited, Annual General Meeting, May 08, 2025Pollard Banknote Limited, Annual General Meeting, May 08, 2025.
공시 • Feb 19Pollard Banknote Limited to Report Q4, 2024 Results on Mar 10, 2025Pollard Banknote Limited announced that they will report Q4, 2024 results After-Market on Mar 10, 2025
공시 • Feb 14Pollard Banknote Launches iLottery Solution in KansasPollard Banknote Limited announced that the Kansas Lottery on the successful launch of its iLottery program, powered by the Pollard Catalyst™ Gaming Platform, Pollard Banknote's cloud-native, modular, and API-first iLottery solution. The leadership and strong partnership of the Kansas Lottery, combined with Pollard Banknote's deep iLottery expertise, enabled today's launch to come only ten months after initial scoping, making this the fastest implementation of a full iLottery program in U.S. history. players in Kansas will be able to play popular draw-based games including Powerball® and Mega Millions®, and an initial offering of nine e Instant games from the Pollard Digital Games Studio on the Lottery's website. eInstants available at launch include Jayhawk Riches and Wildcat Riches, a pair of games customized for the market that celebrate the rivalry between the Kansas State University and University of Kansas athletic programs, and tie into the Rivalry Riches instant ticket currently in-market in Kansas. Additional draw-based games will be added soon, and new e Instant games will launch every two weeks to ensure the offerings remain fresh and exciting for Kansas players. The iLottery solution builds on the Lottery's existing PlayOn® Loyalty Program, Pollard Banknote's proprietary loyalty solution. Existing PlayOn® members can easily join in the fun by upgrading their existing loyalty accounts. The Lottery launched PlayOn® in 2017, enabling players to earn points by submitting their retail tickets and completing other activities. Points can be redeemed for chances to win cash, experiential prizes, or free plays. In addition to the features mentioned above, the turnkey iLottery solution includes a complete Player Account Management system that provides the functionality required for registration, age and identity verification, wallet transactions, and responsible gaming features. Geolocation services are provided through Pollard Banknote's proprietary GeoLocs™ technology. Pollard Banknote is additionally providing a suite of business services including marketing, draw operations, risk management, and a player support center. Since the Kansas Lottery's start up in November 1987, through June 30, 2024, lottery ticket sales have produced more than $2.2 billion in revenues transferred to the State of Kansas. In that same time period, nearly $4.4 billion worth of prizes have been paid to players, and retailers have earned more than $450 million in commissions. The Lottery's fiscal year 2024, which ended June 30, 2024, produced almost $338 million in sales and more than $88 million transferred to the State. Funds generated by the Kansas Lottery go toward supporting economic development initiatives, prison construction and maintenance projects, local juvenile detection facilities, problem gambling assistance, and the State General Fund.
새로운 내러티브 • Feb 08Repriced Contracts And Catalyst Platform Will Drive Future Success In iLottery Market Increased contract pricing and iLottery technology investments position Pollard Banknote for enhanced revenue, margins, and competitive growth in digital lottery markets.
분석 기사 • Jan 23Be Wary Of Pollard Banknote (TSE:PBL) And Its Returns On CapitalDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...
분석 기사 • Jan 23What Pollard Banknote Limited's (TSE:PBL) 25% Share Price Gain Is Not Telling YouPollard Banknote Limited ( TSE:PBL ) shareholders have had their patience rewarded with a 25% share price jump in the...
Upcoming Dividend • Dec 24Upcoming dividend of CA$0.05 per shareEligible shareholders must have bought the stock before 31 December 2024. Payment date: 15 January 2025. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Canadian dividend payers (6.4%). Lower than average of industry peers (3.5%).
New Risk • Nov 21New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Earnings are forecast to decline by an average of 2.1% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (CA$135k sold).
Major Estimate Revision • Nov 20Consensus EPS estimates increase by 20%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CA$551.5m to CA$561.7m. EPS estimate increased from CA$1.50 to CA$1.79 per share. Net income forecast to shrink 4.1% next year vs 26% growth forecast for Hospitality industry in Canada . Consensus price target up from CA$35.75 to CA$38.50. Share price rose 6.7% to CA$25.29 over the past week.
Declared Dividend • Nov 17Third quarter dividend of CA$0.05 announcedShareholders will receive a dividend of CA$0.05. Ex-date: 31st December 2024 Payment date: 15th January 2025 Dividend yield will be 0.8%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: 2%. Cash payout ratio: 25%.
Price Target Changed • Nov 17Price target increased by 7.7% to CA$38.50Up from CA$35.75, the current price target is an average from 4 analysts. New target price is 49% above last closing price of CA$25.90. Stock is down 14% over the past year. The company is forecast to post earnings per share of CA$1.79 for next year compared to CA$1.17 last year.
Reported Earnings • Nov 15Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: CA$0.67 (up from CA$0.29 in 3Q 2023). Revenue: CA$153.2m (up 19% from 3Q 2023). Net income: CA$18.2m (up 135% from 3Q 2023). Profit margin: 12% (up from 6.0% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.3%. Earnings per share (EPS) also surpassed analyst estimates by 74%. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
분석 기사 • Nov 15Investors Interested In Pollard Banknote Limited's (TSE:PBL) EarningsPollard Banknote Limited's ( TSE:PBL ) price-to-earnings (or "P/E") ratio of 18.7x might make it look like a sell right...
공시 • Nov 14Pollard Banknote Limited Announces Dividend, Payable on January 15, 2025Pollard Banknote Limited announced that its Board of Directors has declared a cash dividend of $0.05 per Common Share for the period from October 1, 2024 to December 31, 2024. Payment will be made on January 15, 2025 to shareholders of record on December 31, 2024.
공시 • Oct 24Pollard Banknote Limited to Report Q3, 2024 Results on Nov 13, 2024Pollard Banknote Limited announced that they will report Q3, 2024 results After-Market on Nov 13, 2024
Recent Insider Transactions Derivative • Oct 18Insider exercised options to buy CA$156k worth of stock.On the 16th of October, Jennifer Westbury exercised options to buy 6k shares at a strike price of around CA$21.33, costing a total of CA$133k. This transaction amounted to 83% of their direct individual holding at the time of the trade. Since December 2023, Jennifer has owned 7.50k shares directly. Company insiders have collectively bought CA$170k more than they sold, via options and on-market transactions, in the last 12 months.
공시 • Oct 18Pollard Banknote to Highlight Innovation At the World Lottery Summit 2024Pollard Banknote Limited announced its participation at the 2024 World Lottery Summit (WLS) in Paris, France where it will demonstrate strategies to propel player journeys and showcase solutions designed to drive growth for lotteries and the good causes they support. As a Platinum Contributor, Pollard Banknote is also delighted to have the opportunity to speak to lottery innovation during the main stage presentation and panels. Pollard Banknote invites lottery professionals to explore its trade show booth from October 21 to 24 and discover how the Company delivers retail excellence, outstanding games, and digital innovation to its clients. The booth will feature engaging interactive product presentations and display stations, offering detailed information on retail strategies that enhance visibility as well as in-lane and self-serve solutions that ease the purchase process. Innovative scratch tickets, eInstant games, and omnichannel programs that demonstrate a commitment to building valuable player experiences will also be showcased. Additionally, attendees will learn more about Pollard Banknote's continuous investment in digital innovation, providing comprehensive solutions and strategies that maximize engagement and drive revenue. Pollard Banknote is also excited to present its own full-scale Omnichannel Gaming Solution powered by the cutting-edge technology of its Pollard CatalystTM Gaming Platform ("CatalystTM"). The solution is designed with exceptional flexibility and configurability to meet a variety of lottery technology and services needs across all channels of player engagement. It is a fully cloud-native, modular, and API-first solution that is uniquely positioned to revolutionize the lottery gaming systems space by leapfrogging legacy alternatives. The platform's modern design easily integrates with other solutions, accelerates roadmap development, and enables cutting-edge features such as fully automatic scalability, even during high-demand jackpot runs. CatalystTM delivers world-class user experiences for players and a 360-degree view of player data, which can be used to responsibly generate and personalize engagement.
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CA$27.00, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Hospitality industry in North America. Total loss to shareholders of 42% over the past three years.
Recent Insider Transactions • Sep 23Executive VP of Legal Affairs recently sold CA$74k worth of stockOn the 20th of September, Riva Richard sold around 3k shares on-market at roughly CA$24.66 per share. This transaction amounted to 20% 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$1.2m more than they bought in the last 12 months.
Upcoming Dividend • Sep 20Upcoming dividend of CA$0.05 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 15 October 2024. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Canadian dividend payers (5.9%). Lower than average of industry peers (3.4%).
분석 기사 • Sep 03Returns On Capital At Pollard Banknote (TSE:PBL) Paint A Concerning PictureIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...
Valuation Update With 7 Day Price Move • Aug 29Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CA$25.35, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Hospitality industry in North America. Total loss to shareholders of 44% over the past three years.
New Risk • Aug 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Price Target Changed • Aug 27Price target increased by 9.6% to CA$35.75Up from CA$32.63, the current price target is an average from 4 analysts. New target price is 44% above last closing price of CA$24.90. Stock is down 6.2% over the past year. The company is forecast to post earnings per share of CA$1.50 for next year compared to CA$1.17 last year.
Major Estimate Revision • Aug 20Consensus EPS estimates increase by 22%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from CA$1.29 to CA$1.57. Revenue forecast steady at CA$552.0m. Net income forecast to grow 18% next year vs 24% growth forecast for Hospitality industry in Canada. Consensus price target up from CA$32.63 to CA$34.75. Share price rose 17% to CA$22.00 over the past week.
Reported Earnings • Aug 15Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: CA$0.44 (up from CA$0.28 in 2Q 2023). Revenue: CA$137.8m (up 5.8% from 2Q 2023). Net income: CA$11.9m (up 57% from 2Q 2023). Profit margin: 8.6% (up from 5.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 65%. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.
공시 • Aug 14Pollard Banknote Announces Dividend for the Period from July 1, 2024 to September 30, 2024, Payable on October 15, 2024Pollard Banknote Limited announced that its Board of Directors has declared a cash dividend of $0.05 per Common Share for the period from July 1, 2024 to September 30, 2024. Payment will be made on October 15, 2024 to shareholders of record on September 30, 2024.
분석 기사 • Aug 08Pollard Banknote Limited's (TSE:PBL) 33% Share Price Plunge Could Signal Some RiskUnfortunately for some shareholders, the Pollard Banknote Limited ( TSE:PBL ) share price has dived 33% in the last...
Price Target Changed • Aug 07Price target decreased by 24% to CA$32.63Down from CA$43.00, the current price target is an average from 4 analysts. New target price is 66% above last closing price of CA$19.61. Stock is down 23% over the past year. The company is forecast to post earnings per share of CA$1.29 for next year compared to CA$1.17 last year.
Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 36%After last week's 36% share price decline to CA$18.35, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Hospitality industry in North America. Total loss to shareholders of 60% over the past three years.
공시 • Jul 30Pollard Banknote Limited (TSX:PBL) has signed a definitive agreement to acquire Clarence J. Venne, LLC for $12.6 million.Pollard Banknote Limited (TSX:PBL) has signed a definitive agreement to acquire Clarence J. Venne, LLC for $12.6 million on July 29, 2024. The purchase price was funded from existing Pollard Banknote cash resources and availability under existing senior credit facilities. The Acquisition is expected to be accretive to Pollard Banknote’s net income and is not contingent on any approvals or financing. The transaction is expected to be completed on July 31, 2024.
Valuation Update With 7 Day Price Move • Jun 28Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CA$28.00, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Hospitality industry in North America. Total loss to shareholders of 47% over the past three years.
Major Estimate Revision • May 15Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CA$559.4m to CA$545.6m. EPS estimate also fell from CA$1.41 per share to CA$1.19 per share. Net income forecast to shrink 6.4% next year vs 28% growth forecast for Hospitality industry in Canada . Consensus price target broadly unchanged at CA$42.38. Share price fell 6.9% to CA$32.56 over the past week.
Declared Dividend • May 13Dividend of CA$0.05 announcedShareholders will receive a dividend of CA$0.05. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 0.4%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: 13%. Cash payout ratio: 16%.
Reported Earnings • May 09First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2024 results: EPS: CA$0.26 (up from CA$0.18 in 1Q 2023). Revenue: CA$125.7m (flat on 1Q 2023). Net income: CA$6.93m (up 44% from 1Q 2023). Profit margin: 5.5% (up from 3.9% in 1Q 2023). Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) exceeded analyst estimates by 8.7%. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.
공시 • May 09Pollard Banknote Limited Declares Cash Dividend for the Period from April 1, 2024 to June 30, 2024, Payable on July 15, 2024Pollard Banknote Limited declared a cash dividend of $0.05 per Common Share for the period from April 1, 2024 to June 30, 2024. Payment will be made on July 15, 2024 to shareholders of record on June 30, 2024.
분석 기사 • May 03This Is Why Shareholders May Want To Hold Back On A Pay Rise For Pollard Banknote Limited's (TSE:PBL) CEOKey Insights Pollard Banknote to hold its Annual General Meeting on 9th of May Salary of CA$387.0k is part of CEO John...
Recent Insider Transactions Derivative • Apr 07Insider exercised options to buy CA$369k worth of stock.On the 1st of April, Paul Franzmann exercised options to buy 10k shares at a strike price of around CA$10.00, costing a total of CA$100k. As of today, Paul currently holds no shares directly. Company insiders have collectively sold CA$637k more than they bought, via options and on-market transactions in the last 12 months.
New Risk • Mar 29New 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$689k 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 (0.7x net interest cover). Minor Risk Significant insider selling over the past 3 months (CA$689k sold).
분석 기사 • Mar 28Pollard Banknote (TSE:PBL) Could Be Struggling To Allocate CapitalFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Recent Insider Transactions • Mar 27Insider recently sold CA$170k worth of stockOn the 21st of March, Jennifer Westbury sold around 5k shares on-market at roughly CA$37.00 per share. This transaction amounted to 38% 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$1.2m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Mar 22Insider exercised options to buy CA$276k worth of stock.On the 20th of March, Jennifer Westbury exercised options to buy 8k shares at a strike price of around CA$20.70, costing a total of CA$155k. This transaction amounted to 163% of their direct individual holding at the time of the trade. Since June 2023, Jennifer's direct individual holding has decreased from 7.30k shares to 4.60k. Company insiders have collectively sold CA$632k more than they bought, via options and on-market transactions in the last 12 months.
Upcoming Dividend • Mar 20Upcoming dividend of CA$0.05 per shareEligible shareholders must have bought the stock before 27 March 2024. Payment date: 15 April 2024. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Canadian dividend payers (6.4%). Lower than average of industry peers (3.0%).
Declared Dividend • Mar 08Dividend of CA$0.05 announcedShareholders will receive a dividend of CA$0.05. Ex-date: 27th March 2024 Payment date: 15th April 2024 Dividend yield will be 0.4%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: 14%. Cash payout ratio: 16%.
공시 • Mar 06Pollard Banknote Limited Declares Cash Dividend on Common Shares for the Period from January 1, 2024 to March 31, 2024, Payable on April 15, 2024Pollard Banknote Limited announced that its Board of Directors has declared a cash dividend of $0.05 per Common Share for the period from January 1, 2024 to March 31, 2024. Payment will be made on April 15, 2024 to shareholders of record on March 31, 2024.
Price Target Changed • Mar 06Price target increased by 7.8% to CA$41.50Up from CA$38.50, the current price target is an average from 4 analysts. New target price is 13% above last closing price of CA$36.65. Stock is up 76% over the past year. The company is forecast to post earnings per share of CA$1.41 for next year compared to CA$1.17 last year.
공시 • Feb 24Pollard Banknote Limited, Annual General Meeting, May 09, 2024Pollard Banknote Limited, Annual General Meeting, May 09, 2024.
Buy Or Sell Opportunity • Feb 20Now 22% undervaluedOver the last 90 days, the stock has risen 9.5% to CA$32.75. The fair value is estimated to be CA$42.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years. Earnings per share has declined by 21%. Revenue is forecast to grow by 6.0% in a year. Earnings are forecast to grow by 3.8% in the next year.
Recent Insider Transactions • Jan 08Insider recently sold CA$97k worth of stockOn the 4th of January, Jennifer Westbury sold around 3k shares on-market at roughly CA$33.54 per share. This transaction amounted to 39% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CA$318k. Insiders have been net sellers, collectively disposing of CA$1.0m more than they bought in the last 12 months.
