Pollard Banknote Limited, together with its subsidiaries, manufactures and sells a range of gaming products and services for the lottery and charitable gaming industries worldwide.
Pollard Banknote Limited, together with its subsidiaries, manufactures and sells a range of gaming products and services for the lottery and charitable gaming industries worldwide. The company operates through two segments, Lotteries and Charitable Gaming, and eGaming Systems. It designs, manufactures, and distributes instant tickets, as well as offers related services.
Pollard Banknote Fundamentals Summary
How do Pollard Banknote's earnings and revenue compare to its market cap?
Is PBL undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for PBL?
Other financial metrics that can be useful for relative valuation.
The above table shows the n/a ratio for PBL. This is calculated by dividing PBL's market cap by their current
preferred multiple.
What is PBL's n/a Ratio?
n/a Ratio
0x
n/a
n/a
Market Cap
CA$596.23m
PBL 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.
Price-To-Earnings vs Industry: PBL is expensive based on its Price-To-Earnings Ratio (31.9x) compared to the Canadian Hospitality industry average (15.2x)
Price to Earnings Ratio vs Fair Ratio
What is PBL'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.
PBL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio
31.9x
Fair PE Ratio
25.8x
Price-To-Earnings vs Fair Ratio: PBL is expensive based on its Price-To-Earnings Ratio (31.9x) compared to the estimated Fair Price-To-Earnings Ratio (25.8x).
Share Price vs Fair Value
What is the Fair Price of PBL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: PBL (CA$22.15) is trading below our estimate of fair value (CA$26.27)
Significantly Below Fair Value: PBL is trading below fair value, but not by a significant amount.
Price to Earnings Growth Ratio
PEG Ratio: PBL is good value based on its PEG Ratio (1x)
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Future Growth
How is Pollard Banknote forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score
3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
32.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PBL's forecast earnings growth (32.6% per year) is above the savings rate (1.6%).
Earnings vs Market: PBL's earnings (32.6% per year) are forecast to grow faster than the Canadian market (8.3% per year).
High Growth Earnings: PBL's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PBL's revenue (7% per year) is forecast to grow slower than the Canadian market (7.3% per year).
High Growth Revenue: PBL's revenue (7% 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 PBL's Return on Equity is forecast to be high in 3 years time
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Past Performance
How has Pollard Banknote performed over the past 5 years?
Past Performance Score
2/6
Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
14.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PBL has high quality earnings.
Growing Profit Margin: PBL's current net profit margins (4.1%) are lower than last year (9.9%).
Past Earnings Growth Analysis
Earnings Trend: PBL's earnings have grown by 14.9% per year over the past 5 years.
Accelerating Growth: PBL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PBL had negative earnings growth (-55.6%) over the past year, making it difficult to compare to the Hospitality industry average (52.7%).
Return on Equity
High ROE: PBL's Return on Equity (8.6%) is considered low.
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Financial Health
How is Pollard Banknote's financial position?
Financial Health Score
5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: PBL's short term assets (CA$159.1M) exceed its short term liabilities (CA$93.2M).
Long Term Liabilities: PBL's short term assets (CA$159.1M) exceed its long term liabilities (CA$152.2M).
Debt to Equity History and Analysis
Debt Level: PBL's net debt to equity ratio (47.9%) is considered high.
Reducing Debt: PBL's debt to equity ratio has reduced from 132.5% to 52.7% over the past 5 years.
Debt Coverage: PBL's debt is well covered by operating cash flow (48.7%).
Interest Coverage: PBL's interest payments on its debt are well covered by EBIT (4.2x coverage).
Balance Sheet
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Dividend
What is Pollard Banknote current dividend yield, its reliability and sustainability?
Dividend Score
0/6
Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
0.72%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: PBL's dividend (0.72%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (2.03%).
High Dividend: PBL's dividend (0.72%) is low compared to the top 25% of dividend payers in the Canadian market (5.33%).
Stability and Growth of Payments
Stable Dividend: PBL is not paying a notable dividend for the Canadian market, therefore no need to check if payments are stable.
Growing Dividend: PBL is not paying a notable dividend for the Canadian market, therefore no need to check if payments are increasing.
Earnings Payout to Shareholders
Earnings Coverage: PBL is not paying a notable dividend for the Canadian market.
Cash Payout to Shareholders
Cash Flow Coverage: PBL is not paying a notable dividend for the Canadian market.
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Management
How experienced are the management team and are they aligned to shareholders interests?
11.1yrs
Average management tenure
CEO
John Pollard (59 yo)
25.42yrs
Tenure
CA$369,276
Compensation
Mr. John S. Pollard, B.Comm., CA, has been the Co-Chief Executive Officer at Pollard Banknote Limited since 1997, which acts as general Partner of Pollard Banknote Income Fund. Mr. Pollard joined Pollard B...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD285.88K) is below average for companies of similar size in the Canadian market ($USD1.24M).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: PBL's management team is seasoned and experienced (11.1 years average tenure).
Board Members
Experienced Board: PBL's board of directors are seasoned and experienced ( 17.4 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
Pollard Banknote Limited's employee growth, exchange listings and data sources
All financial data provided by Standard & Poor's Capital IQ.
Data
Last Updated (UTC time)
Company Analysis
2022/06/26 00:00
End of Day Share Price
2022/06/24 00:00
Earnings
2022/03/31
Annual Earnings
2021/12/31
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.