company background image
SIS

Savaria TSX:SIS Stock Report

Last Price

CA$13.71

Market Cap

CA$882.9m

7D

-1.3%

1Y

-37.8%

Updated

25 Sep, 2022

Data

Company Financials +
SIS fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance1/6
Financial Health2/6
Dividends2/6

SIS Stock Overview

Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally.

Savaria Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Savaria
Historical stock prices
Current Share PriceCA$13.71
52 Week HighCA$22.13
52 Week LowCA$12.02
Beta0.75
1 Month Change-3.18%
3 Month Change1.71%
1 Year Change-37.82%
3 Year Change11.01%
5 Year Change-1.51%
Change since IPO1,374.19%

Recent News & Updates

Sep 20
Savaria (TSE:SIS) Has Announced That It Will Be Increasing Its Dividend To CA$0.0433

Savaria (TSE:SIS) Has Announced That It Will Be Increasing Its Dividend To CA$0.0433

Savaria Corporation's ( TSE:SIS ) dividend will be increasing from last year's payment of the same period to CA$0.0433...

Shareholder Returns

SISCA MachineryCA Market
7D-1.3%-6.1%-4.8%
1Y-37.8%-41.7%-7.2%

Return vs Industry: SIS exceeded the Canadian Machinery industry which returned -41.7% over the past year.

Return vs Market: SIS underperformed the Canadian Market which returned -7.2% over the past year.

Price Volatility

Is SIS's price volatile compared to industry and market?
SIS volatility
SIS Average Weekly Movement4.5%
Machinery Industry Average Movement9.4%
Market Average Movement9.9%
10% most volatile stocks in CA Market18.3%
10% least volatile stocks in CA Market3.8%

Stable Share Price: SIS is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: SIS's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19792,250Marcel Bourassahttps://www.savaria.com

Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally. The company operates in three segments: Accessibility, Patient Care, and Adapted Vehicles. The Accessibility segment designs, manufactures, distributes, and installs accessibility products, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair platform lifts for commercial and residential applications, and accessibility and home elevators.

Savaria Fundamentals Summary

How do Savaria's earnings and revenue compare to its market cap?
SIS fundamental statistics
Market CapCA$882.91m
Earnings (TTM)CA$19.17m
Revenue (TTM)CA$745.88m

46.0x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SIS income statement (TTM)
RevenueCA$745.88m
Cost of RevenueCA$503.54m
Gross ProfitCA$242.35m
Other ExpensesCA$223.17m
EarningsCA$19.17m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.30
Gross Margin32.49%
Net Profit Margin2.57%
Debt/Equity Ratio89.8%

How did SIS perform over the long term?

See historical performance and comparison

Dividends

3.8%

Current Dividend Yield

166%

Payout Ratio

Does SIS pay a reliable dividends?

See SIS dividend history and benchmarks
When do you need to buy SIS by to receive an upcoming dividend?
Savaria dividend dates
Ex Dividend DateSep 28 2022
Dividend Pay DateOct 07 2022
Days until Ex dividend2 days
Days until Dividend pay date11 days

Does SIS pay a reliable dividends?

See SIS dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is SIS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SIS?

Other financial metrics that can be useful for relative valuation.

SIS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.7x
Enterprise Value/EBITDA14.1x
PEG Ratio0.9x

Price to Earnings Ratio vs Peers

How does SIS's PE Ratio compare to its peers?

SIS PE Ratio vs Peers
The above table shows the PE ratio for SIS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average28.3x
ATA ATS Automation Tooling Systems
25.7x21.5%CA$3.4b
HEO H2O Innovation
71.6x51.3%CA$180.0m
REKO Reko International Group
12.8xn/aCA$25.0m
LEV Lion Electric
3x8.0%CA$767.6m
SIS Savaria
46x48.6%CA$882.9m

Price-To-Earnings vs Peers: SIS is expensive based on its Price-To-Earnings Ratio (46x) compared to the peer average (28.3x).


Price to Earnings Ratio vs Industry

How does SIS's PE Ratio compare vs other companies in the North American Machinery Industry?

Price-To-Earnings vs Industry: SIS is expensive based on its Price-To-Earnings Ratio (46x) compared to the North American Machinery industry average (18.4x)


Price to Earnings Ratio vs Fair Ratio

What is SIS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SIS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio46x
Fair PE Ratio36.8x

Price-To-Earnings vs Fair Ratio: SIS is expensive based on its Price-To-Earnings Ratio (46x) compared to the estimated Fair Price-To-Earnings Ratio (36.8x).


Share Price vs Fair Value

What is the Fair Price of SIS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SIS (CA$13.71) is trading below our estimate of fair value (CA$29.16)

Significantly Below Fair Value: SIS is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


Discover undervalued companies

Future Growth

How is Savaria forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


48.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SIS's forecast earnings growth (48.6% per year) is above the savings rate (1.6%).

Earnings vs Market: SIS's earnings (48.6% per year) are forecast to grow faster than the Canadian market (7.6% per year).

High Growth Earnings: SIS's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SIS's revenue (6.9% per year) is forecast to grow faster than the Canadian market (5.8% per year).

High Growth Revenue: SIS's revenue (6.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SIS's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Savaria performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


2.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SIS has a large one-off loss of CA$9.7M impacting its June 30 2022 financial results.

Growing Profit Margin: SIS's current net profit margins (2.6%) are lower than last year (4.4%).


Past Earnings Growth Analysis

Earnings Trend: SIS's earnings have grown by 2.3% per year over the past 5 years.

Accelerating Growth: SIS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SIS had negative earnings growth (-7.3%) over the past year, making it difficult to compare to the Machinery industry average (-7.3%).


Return on Equity

High ROE: SIS's Return on Equity (4.6%) is considered low.


Discover strong past performing companies

Financial Health

How is Savaria's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SIS's short term assets (CA$313.0M) exceed its short term liabilities (CA$166.8M).

Long Term Liabilities: SIS's short term assets (CA$313.0M) do not cover its long term liabilities (CA$486.5M).


Debt to Equity History and Analysis

Debt Level: SIS's net debt to equity ratio (79.1%) is considered high.

Reducing Debt: SIS's debt to equity ratio has increased from 27% to 89.8% over the past 5 years.

Debt Coverage: SIS's debt is not well covered by operating cash flow (11.4%).

Interest Coverage: SIS's interest payments on its debt are well covered by EBIT (4.3x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is Savaria current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.79%

Current Dividend Yield

Upcoming Dividend Payment

TodaySep 25 2022Ex Dividend DateSep 28 2022Dividend Pay DateOct 07 20229 days from Ex DividendBuy in the next 2 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: SIS's dividend (3.79%) is higher than the bottom 25% of dividend payers in the Canadian market (2.05%).

High Dividend: SIS's dividend (3.79%) is low compared to the top 25% of dividend payers in the Canadian market (5.95%).


Stability and Growth of Payments

Stable Dividend: SIS's dividend payments have been volatile in the past 10 years.

Growing Dividend: SIS's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (166%), SIS's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (131.1%), SIS's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

6.1yrs

Average management tenure


CEO

Marcel Bourassa

20.67yrs

Tenure

CA$1,393,000

Compensation

Mr. Marcel Bourassa, BAA, has been the Chief Executive Officer and President of Savaria Corporation, a holding of Concord Elevator, Inc. since January 2002 and serves as its Secretary. Mr. Bourassa has bee...


CEO Compensation Analysis

Compensation vs Market: Marcel's total compensation ($USD1.03M) is below average for companies of similar size in the Canadian market ($USD1.55M).

Compensation vs Earnings: Marcel's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: SIS's management team is seasoned and experienced (6.1 years average tenure).


Board Members

Experienced Board: SIS's board of directors are seasoned and experienced ( 14.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SIS insiders have only sold shares in the past 3 months.


Recent Insider Transactions

TSX:SIS Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
12 Aug 22SellCA$150,425Jean-Louis ChapdelaineIndividual10,000CA$15.04
13 May 22BuyCA$6,044Sylvain AubryIndividual450CA$13.43

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 50.96% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
22.23%
Marcel Bourassa
14,318,667CA$196.3m6.6%no data
7.89%
Mawer Investment Management Ltd.
5,080,792CA$69.7m0%0.14%
7.14%
Caisse de dépôt et placement du Québec
4,600,000CA$63.1m0%0.06%
2.87%
Fiera Capital Corporation
1,848,185CA$25.3m-3.17%0.03%
1.31%
IG Investment Management, Ltd.
842,107CA$11.5m0%0.03%
1.03%
Industrial Alliance Investment Management Inc.
662,944CA$9.1m0%0.09%
0.99%
BlackRock, Inc.
639,103CA$8.8m1.84%no data
0.97%
Manulife Asset Management
623,222CA$8.5m44.9%0.01%
0.79%
HSBC Global Asset Management (UK) Limited
508,864CA$7.0m0%no data
0.69%
Dimensional Fund Advisors LP
445,247CA$6.1m1.4%no data
0.53%
QV Investors Inc.
341,140CA$4.7m0%0.14%
0.47%
Wutherich & Company Investment Counsel Inc.
304,681CA$4.2m13.3%4.37%
0.46%
Sebastien Bourassa
295,966CA$4.1m0%no data
0.44%
Mackenzie Financial Corporation
284,593CA$3.9m-0.66%no data
0.43%
Desjardins Global Asset Management Inc.
277,277CA$3.8m0%0.03%
0.39%
The Bourassa Savaria Foundation., Endowment Arm
250,000CA$3.4m0%no data
0.38%
PenderFund Capital Management Ltd.
245,000CA$3.4m0%0.75%
0.3%
Connor, Clark & Lunn Investment Management Ltd.
190,800CA$2.6m-0.05%0.01%
0.27%
Wellington Management Group LLP
174,865CA$2.4m0%no data
0.27%
Brunel Pension Partnership
170,689CA$2.3m0%0.02%
0.25%
Barrantagh Investment Management, Inc.
162,019CA$2.2m1.78%2.81%
0.24%
Pembroke Management Ltd.
157,124CA$2.2m-59.64%0.14%
0.23%
Jean-Marie Bourassa
147,333CA$2.0m16.47%no data
0.21%
Jean-Louis Chapdelaine
135,000CA$1.9m-6.9%no data
0.18%
Van Berkom and Associates Inc.
114,031CA$1.6m0%0.05%

Company Information

Savaria Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Savaria Corporation
  • Ticker: SIS
  • Exchange: TSX
  • Founded: 1979
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: CA$882.910m
  • Shares outstanding: 64.40m
  • Website: https://www.savaria.com

Number of Employees


Location

  • Savaria Corporation
  • 4350 Highway 13
  • Laval
  • Quebec
  • H7R 6E9
  • Canada


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SISTSX (The Toronto Stock Exchange)YesCommon SharesCACADDec 2001
SISX.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 2001
S97DB (Deutsche Boerse AG)YesCommon SharesDEEURDec 2001

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/25 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.