TSX:SIS

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Executive Summary

Savaria Corporation designs, engineers, and manufactures products for personal mobility in Canada, the United States, and internationally. More Details


Snowflake Analysis

Flawless balance sheet with solid track record and pays a dividend.


Similar Companies

Share Price & News

How has Savaria's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SIS has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.2%

SIS

-0.4%

CA Machinery

-1.2%

CA Market


1 Year Return

8.0%

SIS

-7.6%

CA Machinery

-4.5%

CA Market

Return vs Industry: SIS exceeded the Canadian Machinery industry which returned -7.6% over the past year.

Return vs Market: SIS exceeded the Canadian Market which returned -3.8% over the past year.


Shareholder returns

SISIndustryMarket
7 Day-2.2%-0.4%-1.2%
30 Day-6.4%0.2%-0.03%
90 Day5.7%9.8%0.9%
1 Year11.9%8.0%-5.4%-7.6%-1.0%-4.5%
3 Year2.1%-6.6%-24.0%-29.5%6.4%-4.0%
5 Year221.6%179.0%23.2%13.1%34.5%13.8%

Price Volatility Vs. Market

How volatile is Savaria's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Savaria undervalued compared to its fair value and its price relative to the market?

26.12x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SIS (CA$14.37) is trading above our estimate of fair value (CA$11.12)

Significantly Below Fair Value: SIS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SIS is poor value based on its PE Ratio (26.1x) compared to the CA Machinery industry average (24.4x).

PE vs Market: SIS is poor value based on its PE Ratio (26.1x) compared to the Canadian market (16.3x).


Price to Earnings Growth Ratio

PEG Ratio: SIS is poor value based on its PEG Ratio (2.5x)


Price to Book Ratio

PB vs Industry: SIS's PB Ratio (2.6x) is in line with the CA Machinery industry average.


Next Steps

Future Growth

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

10.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SIS's forecast earnings growth (10.3% per year) is above the savings rate (1.7%).

Earnings vs Market: SIS's earnings (10.3% per year) are forecast to grow slower than the Canadian market (22.8% per year).

High Growth Earnings: SIS's earnings are forecast to grow, but not significantly.

Revenue vs Market: SIS's revenue (3.8% per year) is forecast to grow slower than the Canadian market (5.8% per year).

High Growth Revenue: SIS's revenue (3.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SIS's Return on Equity is forecast to be low in 3 years time (10.9%).


Next Steps

Past Performance

How has Savaria performed over the past 5 years?

23.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SIS has high quality earnings.

Growing Profit Margin: SIS's current net profit margins (7.6%) are higher than last year (4.9%).


Past Earnings Growth Analysis

Earnings Trend: SIS's earnings have grown significantly by 23.3% per year over the past 5 years.

Accelerating Growth: SIS's earnings growth over the past year (62.4%) exceeds its 5-year average (23.3% per year).

Earnings vs Industry: SIS earnings growth over the past year (62.4%) exceeded the Machinery industry 53.6%.


Return on Equity

High ROE: SIS's Return on Equity (10.1%) is considered low.


Next Steps

Financial Health

How is Savaria's financial position?


Financial Position Analysis

Short Term Liabilities: SIS's short term assets (CA$174.9M) exceed its short term liabilities (CA$70.6M).

Long Term Liabilities: SIS's short term assets (CA$174.9M) exceed its long term liabilities (CA$104.9M).


Debt to Equity History and Analysis

Debt Level: SIS's debt to equity ratio (19.7%) is considered satisfactory.

Reducing Debt: SIS's debt to equity ratio has reduced from 28.8% to 19.7% over the past 5 years.

Debt Coverage: SIS's debt is well covered by operating cash flow (69.7%).

Interest Coverage: SIS's interest payments on its debt are well covered by EBIT (11.8x coverage).


Balance Sheet


Next Steps

Dividend

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

3.34%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SIS's dividend (3.34%) is higher than the bottom 25% of dividend payers in the Canadian market (1.69%).

High Dividend: SIS's dividend (3.34%) is low compared to the top 25% of dividend payers in the Canadian market (5.85%).


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.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (81.8%), SIS's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SIS's dividends in 3 years are forecast to be covered by earnings (79.2% payout ratio).


Next Steps

Management

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

8.9yrs

Average management tenure


CEO

Marcel Bourassa

18.75yrs

Tenure

CA$910,038

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 Secretary. Mr. Bourassa has been the ...


CEO Compensation Analysis

Compensation vs Market: Marcel's total compensation ($USD691.55K) is about average for companies of similar size in the Canadian market ($USD834.60K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Marcel Bourassa
President18.75yrsCA$910.04k26.37%
CA$ 193.0m
Sébastien Bourassa
VP of Operations & Integration and Director3.25yrsCA$256.00k0.41%
CA$ 3.0m
James Ferguson
Chief Executive Officer of Span-America Medical Systemsno dataCA$584.08k0.0039%
CA$ 28.8k
Vince Sciamanna
President of Garaventa Lift Groupno dataCA$450.00k0.019%
CA$ 136.5k
Stephen Reitknecht
Chief Financial Officer0.083yrno datano data
Alexandre Bourassa
Vice President of Salesno datano data0.020%
CA$ 143.7k
Steven Perreault
Corporate Controller13.58yrsno datano data
Claude Dumoulin
Vice President of Manufacturing for Savaria Vehicle Groupno dataCA$162.66kno data
Eric Bishun
General Manager of Savaria Salesno dataCA$192.73kno data
Charles Rimbert
Vice President of Corporate Development4.17yrsCA$276.54kno data

8.9yrs

Average Tenure

Experienced Management: SIS's management team is seasoned and experienced (8.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Marcel Bourassa
President18.75yrsCA$910.04k26.37%
CA$ 193.0m
Sébastien Bourassa
VP of Operations & Integration and Director3.25yrsCA$256.00k0.41%
CA$ 3.0m
Jean-Marie Bourassa
Director18.58yrsCA$201.27k0.15%
CA$ 1.1m
Peter Drutz
Lead Independent Directorno dataCA$93.73k0.25%
CA$ 1.8m
Jean-Louis Chapdelaine
Independent Director15.42yrsCA$93.73k0.28%
CA$ 2.1m
Sylvain Dumoulin
Independent Director10.08yrsCA$93.73k0.17%
CA$ 1.2m
Alain Tremblay
Independent Director9.08yrsCA$93.73k0.18%
CA$ 1.3m
Caroline Bérubé
Independent Director3.08yrsCA$93.73kno data

9.6yrs

Average Tenure

Experienced Board: SIS's board of directors are considered experienced (9.6 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

Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: Savaria Corporation
  • Ticker: SIS
  • Exchange: TSX
  • Founded: 1979
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: CA$732.088m
  • Shares outstanding: 50.95m
  • 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

Biography

Savaria Corporation designs, engineers, and manufactures products for personal mobility in Canada, the United States, and internationally. The company operates in three segments: Accessibility, Adapted Veh ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 01:08
End of Day Share Price2020/10/19 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.