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PBL

Pollard BanknoteTSX:PBL Stock Report

Market Cap

CA$1.0b

7D

-5.0%

1Y

45.8%

Updated

26 Nov, 2021

Data

Company Financials +
PBL fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance2/6
Financial Health4/6
Dividends0/6

PBL Stock Overview

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 Competitors

La Française des Jeux Société anonyme

ENXTPA:FDJ

€8.0b

Scientific Games

NasdaqGS:SGMS

US$6.3b

International Game Technology

NYSE:IGT

US$5.6b

NeoGames

NasdaqGM:NGMS

US$925.9m

Price History & Performance

Summary of all time highs, changes and price drops for Pollard Banknote
Historical stock prices
Current Share PriceCA$38.10
52 Week HighCA$67.00
52 Week LowCA$25.53
Beta0.51
1 Month Change-20.76%
3 Month Change-17.34%
1 Year Change45.81%
3 Year Change71.78%
5 Year Change362.38%
Change since IPO217.50%

Recent News & Updates

Nov 11
Calculating The Intrinsic Value Of Pollard Banknote Limited (TSE:PBL)

Calculating The Intrinsic Value Of Pollard Banknote Limited (TSE:PBL)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Pollard Banknote...

Sep 23
Returns On Capital At Pollard Banknote (TSE:PBL) Have Stalled

Returns On Capital At Pollard Banknote (TSE:PBL) Have Stalled

There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to...

Shareholder Returns

PBLCA HospitalityCA Market
7D-5.0%1.6%-1.8%
1Y45.8%1.7%22.1%

Return vs Industry: PBL exceeded the Canadian Hospitality industry which returned 1.7% over the past year.

Return vs Market: PBL exceeded the Canadian Market which returned 22.1% over the past year.

Price Volatility

Is PBL's price volatile compared to industry and market?
PBL volatility
PBL Average Weekly Movement6.9%
Hospitality Industry Average Movement7.3%
Market Average Movement9.4%
10% most volatile stocks in CA Market17.2%
10% least volatile stocks in CA Market3.5%

Stable Share Price: PBL is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: PBL's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19071,837John Pollardhttps://www.Pollardbanknote.com

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 Diamond Game. 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?
PBL fundamental statistics
Market CapCA$1.01b
Earnings (TTM)CA$26.70m
Revenue (TTM)CA$446.21m

38.4x

P/E Ratio

2.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PBL income statement (TTM)
RevenueCA$446.21m
Cost of RevenueCA$354.84m
Gross ProfitCA$91.38m
ExpensesCA$64.68m
EarningsCA$26.70m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.99
Gross Margin20.48%
Net Profit Margin5.98%
Debt/Equity Ratio56.7%

How did PBL perform over the long term?

See historical performance and comparison

Dividends

0.4%

Current Dividend Yield

16%

Payout Ratio

Does PBL pay a reliable dividends?

See PBL dividend history and benchmarks
When do you need to buy PBL by to receive an upcoming dividend?
Pollard Banknote dividend dates
Ex Dividend DateDec 30 2021
Dividend Pay DateJan 14 2022
Days until Ex dividend32 days
Days until Dividend pay date47 days

Does PBL pay a reliable dividends?

See PBL dividend history and benchmarks

Valuation

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

38.41x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PBL (CA$38.1) is trading above our estimate of fair value (CA$24.11)

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


Price To Earnings Ratio

PE vs Industry: PBL is poor value based on its PE Ratio (38.4x) compared to the Canadian Hospitality industry average (19.5x).

PE vs Market: PBL is poor value based on its PE Ratio (38.4x) compared to the Canadian market (12.5x).


Price to Earnings Growth Ratio

PEG Ratio: PBL is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: PBL is overvalued based on its PB Ratio (5x) compared to the CA Hospitality industry average (1.9x).


Future Growth

How is Pollard Banknote forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

20.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PBL's forecast earnings growth (20.1% per year) is above the savings rate (1.6%).

Earnings vs Market: PBL's earnings (20.1% per year) are forecast to grow faster than the Canadian market (10.6% per year).

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

Revenue vs Market: PBL's revenue (8.5% per year) is forecast to grow faster than the Canadian market (5.6% per year).

High Growth Revenue: PBL's revenue (8.5% 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


Past Performance

How has Pollard Banknote performed over the past 5 years?

21.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PBL has high quality earnings.

Growing Profit Margin: PBL's current net profit margins (6%) are lower than last year (6.3%).


Past Earnings Growth Analysis

Earnings Trend: PBL's earnings have grown significantly by 21.5% per year over the past 5 years.

Accelerating Growth: PBL's earnings growth over the past year (3.8%) is below its 5-year average (21.5% per year).

Earnings vs Industry: PBL earnings growth over the past year (3.8%) underperformed the Hospitality industry 3.8%.


Return on Equity

High ROE: PBL's Return on Equity (13.1%) is considered low.


Financial Health

How is Pollard Banknote's financial position?


Financial Position Analysis

Short Term Liabilities: PBL's short term assets (CA$158.5M) exceed its short term liabilities (CA$96.0M).

Long Term Liabilities: PBL's short term assets (CA$158.5M) do not cover its long term liabilities (CA$161.5M).


Debt to Equity History and Analysis

Debt Level: PBL's net debt to equity ratio (51.6%) is considered high.

Reducing Debt: PBL's debt to equity ratio has reduced from 164.6% to 56.7% over the past 5 years.

Debt Coverage: PBL's debt is well covered by operating cash flow (47.2%).

Interest Coverage: PBL's interest payments on its debt are well covered by EBIT (7.5x coverage).


Balance Sheet


Dividend

What is Pollard Banknote current dividend yield, its reliability and sustainability?

0.42%

Current Dividend Yield


Upcoming Dividend Payment

TodayNov 27 2021Ex Dividend DateDec 30 2021Dividend Pay DateJan 14 202215 days from Ex DividendBuy in the next 32 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: PBL's dividend (0.42%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.59%).

High Dividend: PBL's dividend (0.42%) is low compared to the top 25% of dividend payers in the Canadian market (4.6%).


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.


Current Payout to Shareholders

Dividend Coverage: PBL is not paying a notable dividend for the Canadian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PBL's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

10.5yrs

Average management tenure


CEO

John Pollard (59 yo)

24.83yrs

Tenure

CA$350,502

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 ($USD274.09K) is below average for companies of similar size in the Canadian market ($USD1.08M).

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 (10.5 years average tenure).


Board Members

Experienced Board: PBL's board of directors are considered experienced (7.5 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5%.


Top Shareholders

Company Information

Pollard Banknote Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Pollard Banknote Limited
  • Ticker: PBL
  • Exchange: TSX
  • Founded: 1907
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: CA$1.010b
  • Shares outstanding: 26.92m
  • Website: https://www.Pollardbanknote.com

Number of Employees


Location

  • Pollard Banknote Limited
  • 140 Otter Street
  • Winnipeg
  • Manitoba
  • R3T 0M8
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/26 23:36
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.