| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 2/6 |
| Past Performance | 1/6 |
| Financial Health | 4/6 |
| Dividends | 3/6 |
BPF.UN Overview
Boston Pizza Royalties Income Fund operates as a limited purpose open-ended trust.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$13.62 |
| 52 Week High | CA$5.34 |
| 52 Week Low | CA$15.05 |
| Beta | 1.94 |
| 1 Month Change | -4.15% |
| 3 Month Change | -5.29% |
| 1 Year Change | 141.06% |
| 3 Year Change | -21.04% |
| 5 Year Change | -37.58% |
| Change since IPO | 27.53% |
Recent News & Updates
Do Investors Have Good Reason To Be Wary Of Boston Pizza Royalties Income Fund's (TSE:BPF.UN) 5.9% Dividend Yield?
Could Boston Pizza Royalties Income Fund ( TSE:BPF.UN ) be an attractive dividend share to own for the long haul...
Shareholder Returns
| BPF.UN | CA Hospitality | CA Market | |
|---|---|---|---|
| 7D | -2.2% | 0.7% | -0.3% |
| 1Y | 141.1% | 18.7% | 30.8% |
Return vs Industry: BPF.UN exceeded the Canadian Hospitality industry which returned 18.7% over the past year.
Return vs Market: BPF.UN exceeded the Canadian Market which returned 30.8% over the past year.
Price Volatility
| BPF.UN volatility | |
|---|---|
| BPF.UN Beta | 1.94 |
| Industry Beta | 1.35 |
| Market Beta | 1 |
Stable Share Price: BPF.UN is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: BPF.UN's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2002 | n/a | n/a | https://www.bpincomefund.com |
Boston Pizza Royalties Income Fund operates as a limited purpose open-ended trust. It operates as a franchisor of casual dining pizza and pasta restaurants. As of January 1, 2021, the company’s franchise system consisted of 387 restaurants in Canada.
Boston Pizza Royalties Income Fund Fundamentals Summary
| BPF.UN fundamental statistics | |
|---|---|
| Market Cap | CA$293.12m |
| Earnings (TTM) | CA$38.23m |
| Revenue (TTM) | CA$31.74m |
7.7x
P/E Ratio9.2x
P/S RatioIs BPF.UN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BPF.UN income statement (TTM) | |
|---|---|
| Revenue | CA$31.74m |
| Cost of Revenue | CA$0 |
| Gross Profit | CA$31.74m |
| Expenses | -CA$6.49m |
| Earnings | CA$38.23m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.78 |
| Gross Margin | 100.00% |
| Net Profit Margin | 120.44% |
| Debt/Equity Ratio | 46.3% |
How did BPF.UN perform over the long term?
See historical performance and comparisonDividends
5.7%
Current Dividend Yield37%
Payout RatioValuation
Is Boston Pizza Royalties Income Fund undervalued compared to its fair value and its price relative to the market?
22.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BPF.UN (CA$13.62) is trading below our estimate of fair value (CA$17.63)
Significantly Below Fair Value: BPF.UN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BPF.UN is good value based on its PE Ratio (7.7x) compared to the Canadian Hospitality industry average (21.1x).
PE vs Market: BPF.UN is good value based on its PE Ratio (7.7x) compared to the Canadian market (12.6x).
Price to Earnings Growth Ratio
PEG Ratio: BPF.UN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: BPF.UN is good value based on its PB Ratio (1.1x) compared to the CA Hospitality industry average (2x).
Future Growth
How is Boston Pizza Royalties Income Fund forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
-16.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BPF.UN's earnings are forecast to decline over the next 3 years (-16.6% per year).
Earnings vs Market: BPF.UN's earnings are forecast to decline over the next 3 years (-16.6% per year).
High Growth Earnings: BPF.UN's earnings are forecast to decline over the next 3 years.
Revenue vs Market: BPF.UN's revenue (25% per year) is forecast to grow faster than the Canadian market (6.1% per year).
High Growth Revenue: BPF.UN's revenue (25% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if BPF.UN's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Boston Pizza Royalties Income Fund performed over the past 5 years?
-19.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BPF.UN has a large one-off gain of CA$18.8M impacting its June 30 2021 financial results.
Growing Profit Margin: BPF.UN became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: BPF.UN's earnings have declined by 19% per year over the past 5 years.
Accelerating Growth: BPF.UN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: BPF.UN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Hospitality industry (2.8%).
Return on Equity
High ROE: BPF.UN's Return on Equity (14.2%) is considered low.
Financial Health
How is Boston Pizza Royalties Income Fund's financial position?
Financial Position Analysis
Short Term Liabilities: BPF.UN's short term assets (CA$6.7M) exceed its short term liabilities (CA$3.6M).
Long Term Liabilities: BPF.UN's short term assets (CA$6.7M) do not cover its long term liabilities (CA$128.3M).
Debt to Equity History and Analysis
Debt Level: BPF.UN's debt to equity ratio (46.3%) is considered high.
Reducing Debt: BPF.UN's debt to equity ratio has reduced from 63.3% to 46.3% over the past 5 years.
Debt Coverage: BPF.UN's debt is well covered by operating cash flow (21.2%).
Interest Coverage: BPF.UN's interest payments on its debt are well covered by EBIT (6.2x coverage).
Balance Sheet
Dividend
What is Boston Pizza Royalties Income Fund current dividend yield, its reliability and sustainability?
5.73%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BPF.UN's dividend (5.73%) is higher than the bottom 25% of dividend payers in the Canadian market (1.66%).
High Dividend: BPF.UN's dividend (5.73%) is in the top 25% of dividend payers in the Canadian market (4.59%)
Stability and Growth of Payments
Stable Dividend: BPF.UN's dividend payments have been volatile in the past 10 years.
Growing Dividend: BPF.UN's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (36.6%), BPF.UN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.8yrs
Average management tenure
CEO
Boston Pizza Royalties Income Fund has no CEO, or we have no data on them.
Leadership Team
Experienced Management: BPF.UN's management team is seasoned and experienced (5.8 years average tenure).
Board Members
Experienced Board: BPF.UN's board of directors are considered experienced (3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Boston Pizza Royalties Income Fund's employee growth, exchange listings and data sources
Key Information
- Name: Boston Pizza Royalties Income Fund
- Ticker: BPF.UN
- Exchange: TSX
- Founded: 2002
- Industry: Restaurants
- Sector: Consumer Services
- Market Cap: CA$293.122m
- Shares outstanding: 21.52m
- Website: https://www.bpincomefund.com
Location
- Boston Pizza Royalties Income Fund
- 10760 Shellbridge Way
- Suite 100
- Richmond
- British Columbia
- V6X 3H1
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/26 22:04 |
| End of Day Share Price | 2021/09/24 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.