K-Bro Linen
K-Bro Linen Inc., together with its subsidiaries, engages in the processing, management, and distribution of general linen and operating room linen to healthcare institutions, hotels, and other commercial accounts in Canada. The last earnings update was 11 days ago. More info.
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KBL Share Price and Events
7 Day Returns
1 Year Returns
KBL Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| K-Bro Linen (KBL) | -2.5% | -0.1% | 4.1% | 11.5% | -2.2% | 2.3% |
| CA Commercial Services | -1.1% | -2.7% | -10.8% | -23.7% | 0.4% | -48.3% |
| CA Market | -0.2% | -1.6% | 2.1% | -1.9% | 13.3% | 4.3% |
1 Year Return vs Industry and Market
- KBL outperformed the Commercial Services industry which returned -23.7% over the past year.
- KBL outperformed the Market in Canada which returned -1.9% over the past year.
KBL Value
Is K-Bro Linen undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
K-Bro Linen
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for K-Bro Linen.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 7 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 7.6% |
| Perpetual Growth Rate | 10-Year CA Government Bond Rate | 1.9% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year CA Govt Bond Rate | 1.9% |
| Equity Risk Premium | S&P Global | 6% |
| Commercial Services Unlevered Beta | Simply Wall St/ S&P Global | 0.77 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.77 (1 + (1- 26.5%) (28.79%)) |
0.955 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.96 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (0.955 * 5.96%) |
7.64% |
Discounted Cash Flow Calculation for TSX:KBL using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for K-Bro Linen is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (CAD, Millions) | Source |
Present Value Discounted (@ 7.64%) |
|
|---|---|---|---|
| 2019 | 31.30 | Analyst x1 | 29.08 |
| 2020 | 31.95 | Analyst x1 | 27.58 |
| 2021 | 32.59 | Est @ 2.01% | 26.13 |
| 2022 | 33.24 | Est @ 1.99% | 24.76 |
| 2023 | 33.90 | Est @ 1.98% | 23.46 |
| 2024 | 34.57 | Est @ 1.97% | 22.22 |
| 2025 | 35.25 | Est @ 1.96% | 21.05 |
| 2026 | 35.94 | Est @ 1.96% | 19.94 |
| 2027 | 36.64 | Est @ 1.95% | 18.89 |
| 2028 | 37.35 | Est @ 1.95% | 17.89 |
| Present value of next 10 years cash flows | CA$231.00 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= CA$37.35 × (1 + 1.95%) ÷ (7.64% – 1.95%) |
CA$668.84 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= CA$668.84 ÷ (1 + 7.64%)10 |
CA$320.31 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= CA$231.00 + CA$320.31 |
CA$551.31 |
| Equity Value per Share (CAD) |
= Total value / Shares Outstanding
= CA$551.31 / 10.46 |
CA$52.71 |
| Calculation | Result | |
|---|---|---|
| Value per share (CAD) | From above. | CA$52.71 |
| Current discount | Discount to share price of
CA$39.02
= -1 x (CA$39.02 - CA$52.71) / CA$52.71 |
26% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- K-Bro Linen's share price is below the future cash flow value, and at a moderate discount (> 20%).
- K-Bro Linen's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for K-Bro Linen's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
K-Bro Linen's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in CAD | CA$0.57 |
| TSX:KBL Share Price ** | TSX (2019-05-17) in CAD | CA$39.02 |
| Canada Commercial Services Industry PE Ratio | Median Figure of 10 Publicly-Listed Commercial Services Companies | 17.82x |
| Canada Market PE Ratio | Median Figure of 545 Publicly-Listed Companies | 14.85x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of K-Bro Linen.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = TSX:KBL Share Price ÷ EPS (both in CAD) = 39.02 ÷ 0.57 |
67.94x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- K-Bro Linen is overvalued based on earnings compared to the CA Commercial Services industry average.
- K-Bro Linen is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does
K-Bro Linen's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 67.94x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts |
40.4%per year |
| North America Commercial Services Industry PEG Ratio | Median Figure of 37 Publicly-Listed Commercial Services Companies | 1.76x |
| Canada Market PEG Ratio | Median Figure of 252 Publicly-Listed Companies | 1.16x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 67.94x ÷ 40.4% |
1.68x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- K-Bro Linen is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
K-Bro Linen's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in CAD | CA$18.55 |
| TSX:KBL Share Price * | TSX (2019-05-17) in CAD | CA$39.02 |
| Canada Commercial Services Industry PB Ratio | Median Figure of 20 Publicly-Listed Commercial Services Companies | 1.38x |
| Canada Market PB Ratio | Median Figure of 2,407 Publicly-Listed Companies | 1.41x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = TSX:KBL Share Price ÷ Book Value per Share (both in CAD) = 39.02 ÷ 18.55 |
2.1x |
* Primary Listing of K-Bro Linen.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- K-Bro Linen is overvalued based on assets compared to the CA Commercial Services industry average.
Value checks
We assess K-Bro Linen's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check) K-Bro Linen has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
KBL Future Performance
How is K-Bro Linen expected to perform in the next 1 to 3 years based on estimates from 7 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- K-Bro Linen's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
- K-Bro Linen's earnings growth is expected to exceed the Canada market average.
- K-Bro Linen's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| TSX:KBL Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts | 40.4% |
| TSX:KBL Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts | 4.2% |
| Canada Commercial Services Industry Earnings Growth Rate | Market Cap Weighted Average | 51.9% |
| Canada Commercial Services Industry Revenue Growth Rate | Market Cap Weighted Average | 9.4% |
| Canada Market Earnings Growth Rate | Market Cap Weighted Average | 14.5% |
| Canada Market Revenue Growth Rate | Market Cap Weighted Average | 6.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 7 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CAD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 262 | 38 | 16 | 7 |
| 2019-12-31 | 251 | 36 | 13 | 7 |
| Date (Data in CAD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 242 | 23 | 6 |
| 2018-12-31 | 240 | 18 | 6 |
| 2018-09-30 | 228 | 16 | 4 |
| 2018-06-30 | 207 | 10 | 5 |
| 2018-03-31 | 187 | 17 | 5 |
| 2017-12-31 | 171 | 19 | 6 |
| 2017-09-30 | 162 | 18 | 9 |
| 2017-06-30 | 160 | 22 | 9 |
| 2017-03-31 | 159 | 24 | 10 |
| 2016-12-31 | 159 | 25 | 12 |
| 2016-09-30 | 158 | 22 | 11 |
| 2016-06-30 | 154 | 20 | 12 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 7 Analyst Estimates (S&P Global) | See Below |
All data from K-Bro Linen Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CAD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 1.51 | 1.58 | 1.33 | 4.00 |
| 2019-12-31 | 1.19 | 1.46 | 0.94 | 4.00 |
| Date (Data in CAD Millions) | EPS * |
|---|---|
| 2019-03-31 | 0.57 |
| 2018-12-31 | 0.59 |
| 2018-09-30 | 0.37 |
| 2018-06-30 | 0.53 |
| 2018-03-31 | 0.53 |
| 2017-12-31 | 0.63 |
| 2017-09-30 | 1.06 |
| 2017-06-30 | 1.11 |
| 2017-03-31 | 1.29 |
| 2016-12-31 | 1.45 |
| 2016-09-30 | 1.45 |
| 2016-06-30 | 1.50 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if K-Bro Linen will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess K-Bro Linen's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
K-Bro Linen has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
KBL Past Performance
How has K-Bro Linen performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- K-Bro Linen's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- K-Bro Linen's 1-year earnings growth exceeds its 5-year average (17.6% vs -15.6%)
- K-Bro Linen's earnings growth has not exceeded the CA Commercial Services industry average in the past year (17.6% vs 17.6%).
Earnings and Revenue History
All data from K-Bro Linen Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CAD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 241.93 | 6.02 | 50.22 | |
| 2018-12-31 | 239.53 | 6.17 | 51.65 | |
| 2018-09-30 | 227.60 | 3.83 | 47.10 | |
| 2018-06-30 | 207.23 | 5.36 | 41.44 | |
| 2018-03-31 | 186.99 | 5.12 | 37.12 | |
| 2017-12-31 | 170.56 | 5.72 | 32.80 | |
| 2017-09-30 | 162.30 | 9.20 | 30.77 | |
| 2017-06-30 | 160.26 | 9.20 | 30.46 | |
| 2017-03-31 | 159.24 | 10.25 | 31.30 | |
| 2016-12-31 | 159.09 | 11.53 | 28.79 | |
| 2016-09-30 | 157.52 | 11.49 | 26.97 | |
| 2016-06-30 | 153.66 | 11.93 | 24.49 | |
| 2016-03-31 | 149.53 | 11.58 | 20.29 | |
| 2015-12-31 | 144.54 | 12.07 | 19.55 | |
| 2015-09-30 | 140.65 | 12.99 | 19.44 | |
| 2015-06-30 | 138.98 | 12.89 | 18.60 | |
| 2015-03-31 | 137.99 | 13.19 | 18.20 | |
| 2014-12-31 | 136.44 | 12.20 | 17.84 | |
| 2014-09-30 | 134.99 | 11.23 | 16.16 | |
| 2014-06-30 | 133.51 | 10.05 | 16.93 | |
| 2014-03-31 | 131.83 | 9.61 | 16.50 | |
| 2013-12-31 | 131.20 | 10.34 | 16.11 | |
| 2013-09-30 | 130.44 | 10.98 | 16.21 | |
| 2013-06-30 | 128.91 | 11.37 | 14.75 | |
| 2013-03-31 | 127.77 | 11.44 | 14.66 | |
| 2012-12-31 | 126.29 | 11.15 | 14.65 | |
| 2012-09-30 | 123.86 | 10.03 | 14.67 | |
| 2012-06-30 | 121.99 | 9.80 | 14.70 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- K-Bro Linen has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- K-Bro Linen used its assets less efficiently than the CA Commercial Services industry average last year based on Return on Assets.
- K-Bro Linen's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess K-Bro Linen's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
K-Bro Linen has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
KBL Health
How is K-Bro Linen's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up K-Bro Linen's finances.
The net worth of a company is the difference between its assets and liabilities.
- K-Bro Linen is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- K-Bro Linen's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from K-Bro Linen Company Filings, last reported 1 month ago.
| Date (Data in CAD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 194.72 | 117.52 | 2.55 |
| 2018-12-31 | 198.66 | 70.20 | 2.83 |
| 2018-09-30 | 198.31 | 67.05 | 2.90 |
| 2018-06-30 | 201.07 | 70.51 | 8.15 |
| 2018-03-31 | 203.90 | 56.36 | 9.81 |
| 2017-12-31 | 201.59 | 42.78 | 11.28 |
| 2017-09-30 | 172.41 | 0.00 | 1.07 |
| 2017-06-30 | 171.60 | 0.00 | 5.31 |
| 2017-03-31 | 115.92 | 32.36 | |
| 2016-12-31 | 116.67 | 25.80 | |
| 2016-09-30 | 116.51 | 10.34 | |
| 2016-06-30 | 115.17 | 7.25 | |
| 2016-03-31 | 113.86 | 5.97 | |
| 2015-12-31 | 113.24 | 2.35 | |
| 2015-09-30 | 113.22 | 0.00 | 3.04 |
| 2015-06-30 | 111.43 | 0.00 | 2.77 |
| 2015-03-31 | 110.45 | 0.00 | 11.76 |
| 2014-12-31 | 109.44 | 0.00 | 13.74 |
| 2014-09-30 | 74.75 | 21.91 | |
| 2014-06-30 | 72.81 | 22.59 | |
| 2014-03-31 | 71.48 | 18.61 | |
| 2013-12-31 | 71.12 | 19.64 | |
| 2013-09-30 | 70.78 | 17.03 | |
| 2013-06-30 | 69.97 | 15.34 | |
| 2013-03-31 | 68.74 | 5.16 | |
| 2012-12-31 | 67.69 | 5.82 | |
| 2012-09-30 | 66.78 | 7.79 | |
| 2012-06-30 | 65.67 | 7.11 |
- K-Bro Linen's level of debt (60.4%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (26.1% vs 60.4% today).
- Debt is not well covered by operating cash flow (19.2%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 3.1x coverage).
Financial health checks
We assess K-Bro Linen's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) K-Bro Linen has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
KBL Dividends
What is K-Bro Linen's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
CA$2,000 of
K-Bro Linen
shares you are expected to receive
CA$62
in your first year as a dividend.
Dividend Amount
- K-Bro Linen's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.03%).
- K-Bro Linen's dividend is below the markets top 25% of dividend payers in Canada (5.73%).
Upcoming dividend payment
Purchase K-Bro Linen before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 7 Analyst Estimates (S&P Global) | See Below |
| North America Commercial Services Industry Average Dividend Yield | Market Cap Weighted Average of 44 Stocks | 1.8% |
| Canada Market Average Dividend Yield | Market Cap Weighted Average of 332 Stocks | 3.5% |
| Canada Minimum Threshold Dividend Yield | 10th Percentile | 1.2% |
| Canada Bottom 25% Dividend Yield | 25th Percentile | 2% |
| Canada Top 25% Dividend Yield | 75th Percentile | 5.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in CA$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 1.20 | 2.00 |
| 2019-12-31 | 1.20 | 2.00 |
| Date (Data in CA$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-09 | 1.200 | 3.044 |
| 2019-04-15 | 1.200 | 3.050 |
| 2019-03-14 | 1.200 | 3.189 |
| 2019-02-15 | 1.200 | 3.190 |
| 2019-01-15 | 1.200 | 3.258 |
| 2018-12-14 | 1.200 | 3.558 |
| 2018-10-16 | 1.200 | 3.350 |
| 2018-09-14 | 1.200 | 3.149 |
| 2018-07-13 | 1.200 | 3.079 |
| 2018-06-15 | 1.200 | 3.187 |
| 2018-05-10 | 1.200 | 3.408 |
| 2018-04-13 | 1.200 | 3.414 |
| 2018-03-15 | 1.200 | 3.271 |
| 2018-02-15 | 1.200 | 3.159 |
| 2018-01-15 | 1.200 | 3.011 |
| 2017-12-15 | 1.200 | 2.897 |
| 2017-11-10 | 1.200 | 3.000 |
| 2017-10-13 | 1.200 | 3.091 |
| 2017-09-15 | 1.200 | 3.081 |
| 2017-08-09 | 1.200 | 3.062 |
| 2017-07-14 | 1.200 | 3.030 |
| 2017-06-15 | 1.200 | 3.007 |
| 2017-05-15 | 1.200 | 3.068 |
| 2017-04-13 | 1.200 | 3.064 |
| 2017-03-15 | 1.200 | 2.996 |
| 2017-02-15 | 1.200 | 2.759 |
| 2017-01-13 | 1.200 | 2.845 |
| 2016-12-15 | 1.200 | 2.877 |
| 2016-11-11 | 1.200 | 3.126 |
| 2016-10-14 | 1.200 | 3.030 |
| 2016-09-15 | 1.200 | 2.874 |
| 2016-07-15 | 1.200 | 2.762 |
| 2016-06-15 | 1.200 | 2.834 |
| 2016-05-12 | 1.200 | 2.917 |
| 2016-04-15 | 1.200 | 2.864 |
| 2016-03-10 | 1.200 | 2.739 |
| 2016-02-16 | 1.200 | 2.515 |
| 2016-01-15 | 1.200 | 2.403 |
| 2015-12-15 | 1.200 | 2.410 |
| 2015-10-15 | 1.200 | 2.396 |
| 2015-09-15 | 1.200 | 2.475 |
| 2015-08-13 | 1.200 | 2.539 |
| 2015-07-15 | 1.200 | 2.322 |
| 2015-06-15 | 1.200 | 2.270 |
| 2015-04-16 | 1.200 | 2.271 |
| 2015-03-13 | 1.200 | 2.318 |
| 2015-02-13 | 1.200 | 2.367 |
| 2015-01-15 | 1.200 | 2.483 |
| 2014-12-15 | 1.200 | 2.606 |
| 2014-11-14 | 1.200 | 2.757 |
| 2014-10-15 | 1.200 | 3.011 |
| 2014-09-15 | 1.200 | 3.052 |
| 2014-08-14 | 1.200 | 3.020 |
| 2014-07-15 | 1.200 | 3.123 |
| 2014-06-13 | 1.200 | 3.083 |
| 2014-05-09 | 1.200 | 3.130 |
| 2014-04-21 | 1.150 | 2.889 |
| 2014-02-14 | 1.150 | 2.988 |
| 2014-01-15 | 1.150 | 2.979 |
| 2013-12-13 | 1.150 | 2.948 |
| 2013-11-13 | 1.150 | 3.138 |
| 2013-10-15 | 1.150 | 3.320 |
| 2013-09-13 | 1.150 | 3.536 |
| 2013-08-15 | 1.150 | 3.436 |
| 2013-07-16 | 1.150 | 3.255 |
| 2013-06-19 | 1.150 | 3.357 |
| 2013-05-17 | 1.150 | 3.397 |
| 2013-04-15 | 1.150 | 3.479 |
| 2013-02-19 | 1.150 | 3.582 |
| 2013-01-16 | 1.150 | 3.826 |
| 2012-12-17 | 1.150 | 3.946 |
| 2012-11-19 | 1.150 | 3.953 |
| 2012-10-16 | 1.150 | 3.985 |
| 2012-09-17 | 1.150 | 4.056 |
| 2012-07-13 | 1.150 | 4.238 |
| 2012-06-15 | 1.150 | 4.722 |
| 2012-05-07 | 1.150 | 4.772 |
| 2012-04-18 | 1.100 | 4.746 |
| 2012-03-13 | 1.100 | 4.946 |
| 2012-02-15 | 1.100 | 5.010 |
| 2012-01-13 | 1.100 | 4.977 |
| 2011-12-15 | 1.100 | 4.946 |
| 2011-11-16 | 1.100 | 5.168 |
| 2011-10-14 | 1.100 | 5.683 |
| 2011-09-15 | 1.100 | 5.870 |
| 2011-08-16 | 1.100 | 5.400 |
| 2011-07-15 | 1.100 | 5.251 |
| 2011-06-15 | 1.100 | 5.177 |
| 2011-05-16 | 1.100 | 5.082 |
| 2011-04-18 | 1.100 | 5.115 |
| 2011-03-14 | 1.100 | 5.046 |
| 2011-02-15 | 1.100 | 5.394 |
| 2010-12-10 | 0.000 | 0.000 |
| 2010-10-18 | 1.100 | 6.158 |
| 2010-09-17 | 1.100 | 6.605 |
| 2010-08-18 | 1.100 | 6.680 |
| 2010-07-16 | 1.100 | 6.851 |
| 2010-06-18 | 1.100 | 7.079 |
| 2010-05-18 | 1.100 | 7.518 |
| 2010-04-16 | 1.100 | 7.123 |
| 2010-03-18 | 1.100 | 7.104 |
| 2010-02-18 | 1.100 | 7.309 |
| 2010-01-18 | 1.100 | 7.552 |
| 2009-12-18 | 1.100 | 7.909 |
| 2009-11-18 | 1.100 | 8.284 |
| 2009-10-19 | 1.100 | 8.566 |
| 2009-09-18 | 1.100 | 8.791 |
| 2009-08-18 | 1.100 | 8.706 |
| 2009-07-20 | 1.100 | 9.095 |
| 2009-06-18 | 1.100 | 9.156 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Income/ dividend checks
We assess K-Bro Linen's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can K-Bro Linen afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) K-Bro Linen has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
KBL Management
CEO
| COMPENSATION | CA$1,966,208 |
| AGE | 50 |
| TENURE AS CEO | 19.3 years |
CEO Bio
Ms. Linda Jane McCurdy, MBA has been the Chief Executive Officer and President at K-Bro Linen Inc., since January 2000. Ms. McCurdy joined K-Bro in May 1998 as Chief Financial Officer. She has been Chief Executive Officer and President at K-Bro Linen Systems Inc since 2000. She served as Chief Financial Officer of Canadian Inovotech Inc., a biochemical products processor. Her experience also includes six years at the Overwaitea Food Group where she held a number of financial positions. She has been a Director of K-Bro Linen Inc. since December 10, 2004. She is a Certified General Accountant and has a Masters in Business Administration from the University of Western Ontario.
CEO Compensation
- Linda's compensation has been consistent with company performance over the past year.
- Linda's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure
Average tenure of the K-Bro Linen management team in years:
- The average tenure for the K-Bro Linen management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Linda McCurdy
President
CA$2M
50
19.3 yrs
Kristie Plaquin
Chief Financial Officer
CA$508K
4.8 yrs
Sean Curtis
Senior VP & COO
CA$906K
20.3 yrs
Kevin Stephenson
General Manager of Toronto
CA$336K
13.3 yrs
Trevor Rye
General Manager of Edmonton
CA$253K
Timothy Bruns
President of Unitrin Specialty
Ron Graham
General Manager of Vancouver Plant
CA$278K
17.3 yrs
Jeff Gannon
General Manager of Calgary Plant
CA$266K
16.3 yrs
Sean Jackson
General Manager of Regina
Jessica Lévesque
Director Général of Quebec
Board of Directors Tenure
Average tenure and age of the K-Bro Linen board of directors in years:
- The average tenure for the K-Bro Linen board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Ross Smith
Chairman
CA$130K
79
Linda McCurdy
President
CA$2M
50
14.4 yrs
Steve Matyas
Independent Director
CA$95K
65
14.4 yrs
Matt Hills
Director
CA$222K
58
14.4 yrs
Mike Percy
Independent Director
CA$90K
70
3.9 yrs
Who owns this company?
Recent Insider Trading
- K-Bro Linen insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (CA$) | Value (CA$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 25. Mar 19 | Sell | Ryo Utahara | Individual | 19. Mar 19 | 19. Mar 19 | -750 | CA$37.02 | CA$-27,765 | ||
| 21. Dec 18 | Buy | Steven Matyas | Individual | 20. Dec 18 | 21. Dec 18 | 3,000 | CA$32.59 | CA$97,632 | ||
| 20. Dec 18 | Sell | Jeffrey Gannon | Individual | 19. Dec 18 | 19. Dec 18 | -1,219 | CA$32.34 | CA$-39,422 | ||
| 19. Nov 18 | Sell | Jerry Ostrzyzek | Individual | 16. Nov 18 | 16. Nov 18 | -2,800 | CA$35.37 | CA$-99,036 | ||
| 21. Sep 18 | Sell | Ronald Graham | Individual | 21. Sep 18 | 21. Sep 18 | -5,117 | CA$37.54 | CA$-192,092 | ||
| 20. Sep 18 | Sell | Ronald Graham | Individual | 19. Sep 18 | 19. Sep 18 | -2,300 | CA$37.84 | CA$-87,032 | ||
| 19. Sep 18 | Sell | Ronald Graham | Individual | 18. Sep 18 | 18. Sep 18 | -1,900 | CA$37.73 | CA$-71,687 | ||
| 06. Sep 18 | Sell | Sean Curtis | Individual | 05. Sep 18 | 05. Sep 18 | -15,000 | CA$39.10 | CA$-586,500 | ||
| 06. Sep 18 | Sell | Linda McCurdy | Individual | 05. Sep 18 | 05. Sep 18 | -30,000 | CA$39.10 | CA$-1,173,000 | ||
| 05. Jun 18 | Buy | Matthew Hills | Individual | 04. Jun 18 | 05. Jun 18 | 2,500 | CA$35.40 | CA$88,467 | ||
Management checks
We assess K-Bro Linen's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) K-Bro Linen has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
KBL News
Simply Wall St News
Do Institutions Own Shares In K-Bro Linen Inc. (TSE:KBL)?
K-Bro Linen is not a large company by global standards. … Our analysis of the ownership of the company, below, shows that institutional investors have bought into the company. … See our latest analysis for K-Bro Linen TSX:KBL Ownership Summary, May 10th 2019 What Does The Institutional Ownership Tell Us About K-Bro Linen?
Simply Wall St - – Full articleShould You Consider K-Bro Linen Inc. (TSE:KBL)?
Help shape the future of investing tools and you could win a $250 gift card! … Upon building up an investment case for a stock, we should look at various aspects. … that has been able to sustain great financial health over the past.
Simply Wall St - – Full articleIs K-Bro Linen Inc. (TSE:KBL) A Good Dividend Stock?
(TSE:KBL) be an attractive dividend share to own for the long haul? … Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments. … In this case, K-Bro Linen likely looks attractive to investors, given its 3.1% dividend yield and a payment history of over ten years.
Simply Wall St - – Full articleWhere K-Bro Linen Inc. (TSE:KBL) Stands In Terms Of Earnings Growth Against Its Industry
Measuring K-Bro Linen Inc.'s (TSE:KBL) track record of past performance is a valuable exercise for investors. … Today I will assess KBL's recent performance announced on 31 December 2018 and compare these figures to its historical trend and industry movements. … KBL's trailing twelve-month earnings (from 31 December 2018) of CA$6.2m has.
Simply Wall St - – Full articleImagine Owning K-Bro Linen (TSE:KBL) And Wondering If The 17% Share Price Slide Is Justified
After all, the share price is down 17% in the last three years, significantly under-performing the market. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … This suggests that the market retains some optimism around long term earnings stability, despite past EPS declines.
Simply Wall St - – Full articleWhy We’re Not Impressed By K-Bro Linen Inc.’s (TSE:KBL) 6.3% ROCE
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleK-Bro Linen Inc. (TSE:KBL) Insiders Have Been Selling
K-Bro Linen Insider Transactions Over The Last Year. … That means that an insider was selling shares at around the current price of CA$37.55. … Over the last year we saw more insider selling of K-Bro Linen shares, than buying
Simply Wall St - – Full articleIs K-Bro Linen Inc.'s (TSE:KBL) ROE Of 1.9% Concerning?
Our data shows K-Bro Linen has a return on equity of 1.9% for the last year. … That means that for every CA$1 worth of shareholders' equity, it generated CA$0.019 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleHow Much Did K-Bro Linen Inc.'s (TSE:KBL) CEO Pocket Last Year?
In 2000 Linda McCurdy was appointed CEO of K-Bro Linen Inc. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Linda McCurdy's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleWhat Kind Of Investor Owns Most Of K-Bro Linen Inc. (TSE:KBL)?
Generally speaking, as a company grows, institutions will increase their ownership. … K-Bro Linen is not a large company by global standards. … Taking a look at the our data on the ownership groups (below), it's seems that.
Simply Wall St - – Full articleKBL Company Info
Description
K-Bro Linen Inc., together with its subsidiaries, engages in the processing, management, and distribution of general linen and operating room linen to healthcare institutions, hotels, and other commercial accounts in Canada. The company also offers other services, including bulk dock-to-dock, exchange cart preparation, delivery of carts, surgical linen, distribution and control of employee uniforms, personal clothing, customer reporting, customer service visiting, and textile procurement services. K-Bro Linen Inc. was founded in 1954 and is headquartered in Edmonton, Canada.
Details
| Name: | K-Bro Linen Inc. |
| KBL | |
| Exchange: | TSX |
| Founded: | 1954 |
| CA$408,147,795 | |
| 10,459,964 | |
| Website: | http://www.k-brolinen.com |
| Address: |
K-Bro Linen Inc. 14903-137 Avenue NW, Edmonton, Alberta, T5V 1R9, Canada |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| TSX | KBL | Common Shares | The Toronto Stock Exchange | CA | CAD | 03. Feb 2005 | |
| OTCPK | KBRL.F | Common Shares | Pink Sheets LLC | US | USD | 03. Feb 2005 |
Number of employees
Current staff
Industry
| Diversified Support Services | |
| Commercial Services |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/20 02:40 |
| End of day share price update: | 2019/05/17 00:00 |
| Last estimates confirmation: | 2019/05/13 |
| Last earnings filing: | 2019/05/09 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
