Park Lawn Corporation, together with its subsidiaries, provides deathcare products and services in North America.
Excellent balance sheet with reasonable growth potential.
Share Price & News
How has Park Lawn's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PLC has not had significant price volatility in the past 3 months.
7 Day Return
CA Consumer Services
1 Year Return
CA Consumer Services
Return vs Industry: PLC exceeded the Canadian Consumer Services industry which returned 1.8% over the past year.
Return vs Market: PLC exceeded the Canadian Market which returned 5.4% over the past year.
Price Volatility Vs. Market
How volatile is Park Lawn's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StShareholders Should Look Hard At Park Lawn Corporation’s (TSE:PLC) 2.3%Return On Capital
3 weeks ago | Simply Wall StHere's Why Park Lawn (TSE:PLC) Can Manage Its Debt Responsibly
1 month ago | Simply Wall StIs Park Lawn Corporation (TSE:PLC) The Right Choice For A Smart Dividend Investor?
Is Park Lawn undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PLC (CA$28.68) is trading below our estimate of fair value (CA$38.71)
Significantly Below Fair Value: PLC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PLC is poor value based on its PE Ratio (88.4x) compared to the Consumer Services industry average (26.4x).
PE vs Market: PLC is poor value based on its PE Ratio (88.4x) compared to the Canadian market (15.9x).
Price to Earnings Growth Ratio
PEG Ratio: PLC is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: PLC is overvalued based on its PB Ratio (1.6x) compared to the CA Consumer Services industry average (1.3x).
How is Park Lawn forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PLC's forecast earnings growth (94.4% per year) is above the savings rate (1.4%).
Earnings vs Market: PLC's earnings (94.4% per year) are forecast to grow faster than the Canadian market (10.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PLC's revenue (16.1% per year) is forecast to grow faster than the Canadian market (4.9% per year).
High Growth Revenue: PLC's revenue (16.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PLC's Return on Equity is forecast to be low in 3 years time (6.7%).
How has Park Lawn performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PLC has a large one-off loss of CA$12.4M impacting its September 30 2019 financial results.
Growing Profit Margin: PLC's current net profit margins (3.8%) are lower than last year (4.9%).
Past Earnings Growth Analysis
Earnings Trend: PLC's earnings have grown significantly by 24.5% per year over the past 5 years.
Accelerating Growth: PLC's earnings growth over the past year (26.7%) exceeds its 5-year average (24.5% per year).
Earnings vs Industry: PLC earnings growth over the past year (26.7%) exceeded the Consumer Services industry 14.8%.
Return on Equity
High ROE: PLC's Return on Equity (1.7%) is considered low.
Return on Assets
Return on Capital Employed
How is Park Lawn's financial position?
Financial Position Analysis
Short Term Liabilities: PLC's short term assets (CA$75.9M) exceed its short term liabilities (CA$32.9M).
Long Term Liabilities: PLC's short term assets (CA$75.9M) do not cover its long term liabilities (CA$771.9M).
Debt to Equity History and Analysis
Debt Level: PLC's debt to equity ratio (26%) is considered satisfactory.
Reducing Debt: PLC's debt to equity ratio has reduced from 39.2% to 26% over the past 5 years.
Debt Coverage: PLC's debt is well covered by operating cash flow (39.6%).
Interest Coverage: PLC's interest payments on its debt are well covered by EBIT (6x coverage).
Inventory Level: PLC has a low level of unsold assets or inventory.
Debt Coverage by Assets: PLC's debt is not covered by short term assets (assets are 0.6x debt).
What is Park Lawn's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: PLC's dividend (1.59%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.89%).
High Dividend: PLC's dividend (1.59%) is low compared to the top 25% of dividend payers in the Canadian market (5.29%).
Stability and Growth of Payments
Stable Dividend: PLC's dividends per share have been stable in the past 10 years.
Growing Dividend: PLC's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (140.6%), PLC's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PLC's dividends in 3 years are forecast to be well covered by earnings (37.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Andrew Clark (42yo)
Mr. Andrew Clark has been Chief Executive Officer of Park Lawn Corporation since July 30, 2013 and served as Chairman since July 30, 2013 until February 18, 2020. Mr. Clark joined as Chief Operating Office ...
CEO Compensation Analysis
Compensation vs Market: Andrew's total compensation ($USD567.48K) is below average for companies of similar size in the Canadian market ($USD1.58M).
Compensation vs Earnings: Andrew's compensation has increased by more than 20% in the past year.
|Chief Executive Officer||6.6yrs||CA$750.50k||0.056% CA$460.0k|
|CFO & Director||6.8yrs||CA$654.90k||0.47% CA$3.9m|
|Chief Operating Officer||1.8yrs||CA$1.07m||no data|
|Vice President of CMS Mid-Atlantic||0yrs||CA$657.58k||no data|
|Chief Technology Officer||1.7yrs||no data||no data|
|Vice President of Finance & Administration||3.9yrs||CA$217.50k||no data|
|Vice President of Human Resources||0yrs||no data||no data|
|Senior Vice President of Industry Relations||1yrs||CA$421.44k||no data|
|Corporate Secretary||0yrs||no data||no data|
Experienced Management: PLC's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
|CFO & Director||6.8yrs||CA$654.90k||0.47% CA$3.9m|
|Lead Independent Director||3.5yrs||CA$69.17k||0.015% CA$124.0k|
|Independent Director||3.8yrs||CA$60.83k||0.034% CA$281.1k|
|Independent Director||1.8yrs||CA$38.75k||0.016% CA$134.8k|
|Independent Director||5.8yrs||CA$58.33k||0.036% CA$295.4k|
|Independent Director||6.5yrs||CA$56.67k||0.052% CA$434.3k|
|Independent Director||0.8yrs||no data||0.0094% CA$77.5k|
Experienced Board: PLC's board of directors are considered experienced (3.8 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 41.8%.
Park Lawn Corporation's company bio, employee growth, exchange listings and data sources
- Name: Park Lawn Corporation
- Ticker: PLC
- Exchange: TSX
- Founded: 1892
- Industry: Specialized Consumer Services
- Sector: Consumer Services
- Market Cap: CA$828.571m
- Shares outstanding: 28.89m
- Website: https://www.parklawncorp.com
Number of Employees
- Park Lawn Corporation
- 2 Street Clair Avenue West
- Suite 1300
- M4V 1L5
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PLC||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Sep 2006|
|PL2||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Sep 2006|
|PRRW.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Sep 2006|
Park Lawn Corporation, together with its subsidiaries, provides deathcare products and services in North America. The company owns and operates cemeteries, crematoriums, and funeral homes. It also offers cemetery lots, crypts, niches, monuments, caskets, urns, and other merchandise, as well as funeral services and after life celebration services. The company offers its products and services at the time of need and on a pre-arranged basis. Park Lawn Corporation was founded in 1892 and is headquartered in Toronto, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/20 02:04|
|End of Day Share Price||2020/02/19 00:00|
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.