Is Intertape Polymer Group Inc. (TSE:ITP) Potentially Undervalued?
Intertape Polymer Group Inc. ( TSE:ITP ), is not the largest company out there, but it saw significant share price...
Has the Canadian Packaging Industry valuation changed over the past few years?
|Wed, 01 Dec 2021||CA$19.1b||CA$16.8b||CA$1.2b||14.5x|
|Fri, 29 Oct 2021||CA$20.3b||CA$16.4b||CA$1.2b||15.5x|
|Sun, 26 Sep 2021||CA$21.2b||CA$16.5b||CA$1.2b||15.7x|
|Tue, 24 Aug 2021||CA$22.0b||CA$16.4b||CA$1.2b||15.6x|
|Wed, 30 Jun 2021||CA$20.9b||CA$16.4b||CA$1.2b||15.3x|
|Sat, 03 Apr 2021||CA$21.6b||CA$16.1b||CA$1.2b||15.9x|
|Tue, 05 Jan 2021||CA$18.9b||CA$16.2b||CA$1.1b||15.4x|
|Fri, 09 Oct 2020||CA$17.0b||CA$15.7b||CA$1.0b||18.8x|
|Thu, 02 Jul 2020||CA$14.7b||CA$15.8b||CA$924.4m||16.9x|
|Sun, 05 Apr 2020||CA$13.8b||CA$16.4b||CA$934.7m||13.6x|
|Wed, 08 Jan 2020||CA$16.9b||CA$16.4b||CA$942.1m||20.3x|
|Tue, 01 Oct 2019||CA$16.4b||CA$16.5b||CA$871.9m||18.8x|
|Fri, 05 Jul 2019||CA$18.1b||CA$16.4b||CA$855.5m||20.3x|
|Mon, 08 Apr 2019||CA$16.1b||CA$16.0b||CA$909.7m||18.2x|
|Thu, 10 Jan 2019||CA$16.0b||CA$15.5b||CA$977.1m||15.8x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 17.4x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Packaging industry have remained mostly flat over the last three years, while revenues for these companies have grown 3.6% per year.This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Which industries have driven the changes within the Canadian Packaging industry?
|Metal and Glass Containers||-2.53%|
Industry PE: Investors are most optimistic about the Metal and Glass Containers industry even though it's trading below its 3-year average PE ratio of 18.0x. However analysts are expecting annual earnings growth of 7.5%, which is lower than the prior year's growth of 13% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Paper Packaging industry, which is trading below its 3-year average of 16.8x.
Forecasted Growth: Analysts are most optimistic on the Paper Packaging industry, expecting annual earnings growth of 46% over the next 5 years. However this is lower than its past earnings growth rate of 146% per year. Meanwhile, the Metal and Glass Containers industry is expected to see its earnings grow by 7.5% per year over the next few years.
Which companies have driven the market over the last 7 days?
Intertape Polymer Group
Richards Packaging Income Fund