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Park Lawn

TSX:PLC
Snowflake Description

High growth potential with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PLC
TSX
CA$824M
Market Cap
  1. Home
  2. CA
  3. Consumer Services
Company description

Park Lawn Corporation, together with its subsidiaries, provides deathcare products and services in North America. The last earnings update was 64 days ago. More info.


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PLC Share Price and Events
7 Day Returns
0.8%
TSX:PLC
-0.4%
CA Consumer Services
0%
CA Market
1 Year Returns
17.8%
TSX:PLC
31.4%
CA Consumer Services
-2.8%
CA Market
PLC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Park Lawn (PLC) 0.8% -2.9% 12.5% 17.8% 96.3% 201.3%
CA Consumer Services -0.4% -0.5% 42.2% 31.4% 99.8% 191.2%
CA Market 0% 1% -1.7% -2.8% 8% 1%
1 Year Return vs Industry and Market
  • PLC underperformed the Consumer Services industry which returned 31.4% over the past year.
  • PLC outperformed the Market in Canada which returned -2.8% over the past year.
Price Volatility
PLC
Industry
5yr Volatility vs Market

PLC Value

 Is Park Lawn 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 Park Lawn 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Park Lawn.

TSX:PLC Discounted Cash Flow Data Sources
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 7.1%
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.

Calculation of Discount Rate/ Cost of Equity for TSX:PLC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Consumer Services Unlevered Beta Simply Wall St/ S&P Global 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 26.5%) (12.07%))
0.866
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (0.866 * 5.96%)
7.11%

Discounted Cash Flow Calculation for TSX:PLC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Park Lawn 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.

TSX:PLC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 7.11%)
2020 42.80 Analyst x2 39.96
2021 50.25 Est @ 17.41% 43.80
2022 56.67 Est @ 12.77% 46.11
2023 62.06 Est @ 9.52% 47.15
2024 66.56 Est @ 7.25% 47.21
2025 70.33 Est @ 5.66% 46.57
2026 73.53 Est @ 4.55% 45.46
2027 76.30 Est @ 3.77% 44.04
2028 78.75 Est @ 3.22% 42.44
2029 80.99 Est @ 2.84% 40.75
Present value of next 10 years cash flows CA$443.49
TSX:PLC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$80.99 × (1 + 1.95%) ÷ (7.11% – 1.95%)
CA$1,598.88
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$1,598.88 ÷ (1 + 7.11%)10
CA$804.41
TSX:PLC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$443.49 + CA$804.41
CA$1,247.90
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$1,247.90 / 28.80
CA$43.33
TSX:PLC Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$43.33
Current discount Discount to share price of CA$28.62
= -1 x (CA$28.62 - CA$43.33) / CA$43.33
33.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Park Lawn is available for.
Intrinsic value
34%
Share price is CA$28.62 vs Future cash flow value of CA$43.33
Current Discount Checks
For Park Lawn to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Park Lawn's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Park Lawn'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 Park Lawn's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Park Lawn's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:PLC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CAD CA$0.37
TSX:PLC Share Price ** TSX (2019-07-16) in CAD CA$28.62
North America Consumer Services Industry PE Ratio Median Figure of 29 Publicly-Listed Consumer Services Companies 25.06x
Canada Market PE Ratio Median Figure of 539 Publicly-Listed Companies 15.14x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Park Lawn.

TSX:PLC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:PLC Share Price ÷ EPS (both in CAD)

= 28.62 ÷ 0.37

77.38x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Park Lawn is overvalued based on earnings compared to the North America Consumer Services industry average.
  • Park Lawn is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does Park Lawn's expected growth come at a high price?
Raw Data
TSX:PLC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 77.38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
62.1%per year
North America Consumer Services Industry PEG Ratio Median Figure of 20 Publicly-Listed Consumer Services Companies 1.43x
Canada Market PEG Ratio Median Figure of 248 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

TSX:PLC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 77.38x ÷ 62.1%

1.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Park Lawn is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Park Lawn's assets?
Raw Data
TSX:PLC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CAD CA$16.95
TSX:PLC Share Price * TSX (2019-07-16) in CAD CA$28.62
Canada Consumer Services Industry PB Ratio Median Figure of 7 Publicly-Listed Consumer Services Companies 1.58x
Canada Market PB Ratio Median Figure of 2,440 Publicly-Listed Companies 1.43x
TSX:PLC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:PLC Share Price ÷ Book Value per Share (both in CAD)

= 28.62 ÷ 16.95

1.69x

* Primary Listing of Park Lawn.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Park Lawn is overvalued based on assets compared to the CA Consumer Services industry average.
X
Value checks
We assess Park Lawn's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Services industry average (and greater than 0)? (1 check)
  5. Park Lawn 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.

PLC Future Performance

 How is Park Lawn 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!
Annual Growth Rate
62.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Park Lawn expected to grow at an attractive rate?
  • Park Lawn's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Park Lawn's earnings growth is expected to exceed the Canada market average.
  • Park Lawn's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:PLC Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:PLC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 62.1%
TSX:PLC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 24.4%
Canada Consumer Services Industry Earnings Growth Rate Market Cap Weighted Average 30.9%
North America Consumer Services Industry Revenue Growth Rate Market Cap Weighted Average 14.5%
Canada Market Earnings Growth Rate Market Cap Weighted Average 13.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.7%

*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
Raw Data
TSX:PLC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:PLC Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 298 63 31 7
2019-12-31 243 43 21 7
TSX:PLC Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-31 184 34 8
2018-12-31 161 31 7
2018-09-30 137 11 7
2018-06-30 116 12 3
2018-03-31 96 15 5
2017-12-31 87 8 4
2017-09-30 81 15 6
2017-06-30 76 6 7
2017-03-31 75 7 7
2016-12-31 67 6 7
2016-09-30 54 5 4
2016-06-30 44 3 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Park Lawn's earnings are expected to grow significantly at over 20% yearly.
  • Park Lawn's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:PLC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Park Lawn Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PLC Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.08 1.11 1.05 2.00
2019-12-31 0.77 0.78 0.75 2.00
TSX:PLC Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-31 0.37
2018-12-31 0.33
2018-09-30 0.36
2018-06-30 0.20
2018-03-31 0.32
2017-12-31 0.32
2017-09-30 0.53
2017-06-30 0.72
2017-03-31 0.81
2016-12-31 0.94
2016-09-30 0.52
2016-06-30 0.59

*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 Park Lawn will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Park Lawn's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the North America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Park Lawn has a total score of 5/6, 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.

PLC Past Performance

  How has Park Lawn 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
Below we compare Park Lawn's growth in the last year to its industry (Consumer Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Park Lawn has delivered over 20% year on year earnings growth in the past 5 years.
  • Park Lawn's 1-year earnings growth exceeds its 5-year average (83.2% vs 22.2%)
  • Park Lawn's earnings growth has exceeded the North America Consumer Services industry average in the past year (83.2% vs 8.8%).
Earnings and Revenue History
Park Lawn's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Park Lawn Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PLC Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 184.37 8.37 93.46
2018-12-31 161.42 6.72 79.70
2018-09-30 136.73 6.77 65.98
2018-06-30 115.90 3.32 55.08
2018-03-31 95.69 4.57 44.01
2017-12-31 87.29 4.20 39.75
2017-09-30 81.18 6.26 36.27
2017-06-30 76.10 7.18 33.90
2017-03-31 74.77 7.40 33.07
2016-12-31 67.25 7.49 29.33
2016-09-30 54.14 3.65 23.42
2016-06-30 44.34 3.81 18.15
2016-03-31 32.37 3.46 12.69
2015-12-31 28.21 2.97 10.89
2015-09-30 28.52 3.05 11.14
2015-06-30 26.46 2.72 10.73
2015-03-31 25.89 2.59 10.67
2014-12-31 23.72 2.26 9.63
2014-09-30 21.25 2.43 7.87
2014-06-30 19.79 2.57 6.76
2014-03-31 17.87 2.70 4.98
2013-12-31 17.31 2.45 4.75
2013-09-30 17.51 2.59 5.35
2013-06-30 17.61 1.96 5.66
2013-03-31 17.67 1.63 6.48
2012-12-31 17.22 1.68 6.09
2012-09-30 16.83 1.92 5.56

*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.
  • Park Lawn has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Park Lawn used its assets less efficiently than the North America Consumer Services industry average last year based on Return on Assets.
  • Park Lawn has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Park Lawn's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Park Lawn has a total score of 4/6, 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.

PLC Health

 How is Park Lawn'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 Park Lawn's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Park Lawn is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Park Lawn's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Park Lawn's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.7x 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.
Raw Data

All data from Park Lawn Company Filings, last reported 3 months ago.

TSX:PLC Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 394.06 93.46 14.47
2018-12-31 400.47 95.37 14.15
2018-09-30 378.44 62.42 13.55
2018-06-30 382.96 49.23 9.06
2018-03-31 197.85 61.68 6.68
2017-12-31 182.05 4.40 12.74
2017-09-30 179.99 4.53 18.66
2017-06-30 173.78 4.66 82.60
2017-03-31 97.44 4.84 11.24
2016-12-31 97.37 4.70 23.89
2016-09-30 49.52 22.31 1.17
2016-06-30 46.25 22.45 0.92
2016-03-31 45.89 22.00 0.88
2015-12-31 23.75 16.50 0.16
2015-09-30 23.61 13.67 0.26
2015-06-30 22.96 12.12 0.20
2015-03-31 22.77 10.39 0.72
2014-12-31 20.29 11.20 1.34
2014-09-30 20.29 7.92 2.37
2014-06-30 13.57 8.48
2014-03-31 13.87 9.60 1.89
2013-12-31 13.94 6.55 3.02
2013-09-30 4.12 11.52 0.08
2013-06-30 3.97 11.78 0.05
2013-03-31 4.06 11.78 0.37
2012-12-31 4.14 11.79 0.51
2012-09-30 3.37 12.40 0.51
  • Park Lawn's level of debt (23.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (69.1% vs 23.7% today).
  • Debt is well covered by operating cash flow (36.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.6x coverage).
X
Financial health checks
We assess Park Lawn's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Park Lawn has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

PLC Dividends

 What is Park Lawn'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
Dividend payments
1.59%
Current annual income from Park Lawn dividends. Estimated to be 1.6% next year.
If you bought CA$2,000 of Park Lawn shares you are expected to receive CA$32 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Park Lawn's pays a lower dividend yield than the bottom 25% of dividend payers in Canada (2.06%).
  • Park Lawn's dividend is below the markets top 25% of dividend payers in Canada (5.75%).
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.
Raw Data
TSX:PLC Annualized Past and Future Dividends
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 Consumer Services Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 2.1%
Canada Market Average Dividend Yield Market Cap Weighted Average of 336 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
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.

TSX:PLC Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.46 1.00
2019-12-31 0.46 1.00
TSX:PLC Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-06-21 0.456 1.591
2019-05-21 0.456 1.564
2019-04-22 0.456 1.758
2019-03-22 0.456 1.781
2019-02-20 0.456 1.823
2018-12-19 0.456 1.906
2018-11-22 0.456 2.052
2018-10-23 0.456 2.010
2018-09-24 0.456 1.822
2018-08-21 0.456 1.716
2018-06-21 0.456 1.834
2018-05-23 0.456 1.885
2018-04-20 0.456 1.838
2018-03-22 0.456 1.770
2018-02-16 0.456 1.805
2018-01-18 0.456 2.001
2017-12-20 0.456 1.986
2017-11-20 0.456 2.181
2017-10-19 0.456 2.276
2017-09-19 0.456 2.361
2017-08-17 0.456 2.464
2017-07-20 0.456 2.409
2017-06-20 0.456 2.409
2017-05-17 0.456 2.312
2017-04-19 0.456 2.349
2017-03-17 0.456 2.632
2017-02-17 0.456 2.762
2017-01-20 0.456 2.832
2016-12-20 0.456 2.939
2016-11-18 0.456 2.866
2016-10-24 0.456 2.736
2016-09-20 0.456 2.861
2016-08-19 0.456 3.007
2016-07-21 0.456 3.025
2016-06-22 0.456 3.312
2016-04-21 0.456 3.633
2016-03-17 0.456 3.804
2016-02-18 0.456 3.901
2016-01-21 0.456 3.943
2015-12-21 0.456 3.863
2015-11-20 0.456 3.761
2015-10-15 0.456 3.860
2015-09-15 0.456 3.985
2015-08-17 0.456 3.858
2015-07-15 0.456 3.858
2015-06-15 0.456 3.697
2015-05-15 0.456 3.600
2015-04-15 0.456 3.535
2015-03-16 0.456 3.596
2015-02-17 0.456 3.691
2015-01-15 0.456 3.514
2014-12-15 0.456 3.438
2014-11-17 0.456 3.832
2014-10-15 0.456 3.899
2014-09-16 0.456 4.210
2014-08-15 0.456 4.693
2014-07-18 0.456 4.783
2014-06-16 0.456 5.082
2014-04-16 0.456 5.230
2014-03-18 0.456 5.272
2014-02-25 0.456 5.152
2014-01-14 0.456 5.210
2013-12-13 0.456 5.259
2013-11-15 0.456 5.209
2013-10-15 0.456 5.114
2013-09-18 0.456 5.125
2013-08-15 0.456 4.903
2013-07-22 0.456 5.034
2013-06-17 0.456 5.595
2013-05-24 0.456 5.614
2013-04-22 0.456 5.326
2013-03-15 0.456 5.225
2013-03-06 0.456 5.266
2013-01-18 0.456 5.107
2012-12-17 0.456 5.409
2012-10-26 0.456 5.397
2012-10-15 0.456 5.787
2012-09-17 0.456 5.809
2012-08-14 0.456 5.802
2012-06-25 0.456 5.736
2012-05-23 0.456 5.939
2012-04-25 0.456 5.733
2012-03-22 0.456 5.826
2012-02-13 0.456 6.026
2012-01-23 0.456 5.929
2011-12-30 0.456 5.831
2011-11-22 0.456 6.253
2011-11-03 0.456 6.221
2011-10-04 0.456 6.200
2011-08-23 0.456 6.111
2011-07-25 0.456 6.080
2011-06-22 0.456 6.100
2011-05-20 0.456 6.106
2011-01-21 0.456 6.122
2010-12-21 0.660 8.736
2010-11-15 0.445 5.965
2010-10-20 0.660 10.570
2010-09-20 0.660 11.241
2010-08-23 0.660 11.872
2010-08-12 0.660 12.136
2010-05-25 0.660 11.824
2010-04-22 0.660 11.836
2010-03-26 0.660 11.809
2010-02-17 0.660 11.811
2010-01-20 0.660 12.308
2009-12-17 0.660 12.107
2009-11-23 0.660 12.762
2009-10-27 0.660 12.760
2009-09-23 0.660 13.010
2009-08-20 0.660 13.652
2009-07-28 0.660 14.319
2009-06-12 0.660 13.797
2009-05-22 0.660 13.732
2009-04-23 0.660 13.653
2009-03-25 0.660 13.620
2009-02-19 0.660 13.571
2009-01-28 0.660 13.121
2008-12-19 0.660 13.265
2008-11-25 0.660 13.003
2008-10-23 0.660 12.570
2008-09-18 0.660 12.008
2008-08-20 0.660 11.612
2008-08-07 0.660 11.597

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 fallen over the past 10 years.
Current Payout to shareholders
What portion of Park Lawn's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Park Lawn's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Park Lawn afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Park Lawn has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PLC Management

 What is the CEO of Park Lawn's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Andrew Clark
COMPENSATION CA$750,500
AGE 43
TENURE AS CEO 6 years
CEO Bio

Mr. Andrew Clark has been Chairman and Chief Executive Officer of Park Lawn Corporation since July 30, 2013. Mr. Clark joined as Chief Operating Officer at Park Lawn Corporation on September 2011. Mr. Clark serves as President of The Fox Hat Equities Ltd. Prior to joining Park Lawn, he founded a successful tourism and hospitality business which grew from only two employees in 2002 to become a leader in its field with operations and staff in the UK, Canada and US. The business was ultimately merged with Canada's largest privately held travel company in 2008 and He was bought out in 2011. Mr. Clark worked in the financial analysis and relationship management roles in the mid-market commercial lending business of TD Bank. He has been a Director at Park Lawn Corporation since July 11, 2011.

CEO Compensation
  • Andrew's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Andrew's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Park Lawn management team in years:

1.2
Average Tenure
54
Average Age
  • The average tenure for the Park Lawn management team is less than 2 years, this suggests a new team.
Management Team

Andrew Clark

TITLE
Chairman of the Board & CEO
COMPENSATION
CA$751K
AGE
43
TENURE
6 yrs

Brad Green

TITLE
President
COMPENSATION
CA$1M
TENURE
1.2 yrs

Joe Leeder

TITLE
CFO & Director
COMPENSATION
CA$655K
AGE
64
TENURE
6 yrs

Jay Dodds

TITLE
Chief Operating Officer
COMPENSATION
CA$1M
AGE
58
TENURE
1.2 yrs

William Passodelis

TITLE
Vice President of CMS Mid-Atlantic
COMPENSATION
CA$658K

Jeff Parker

TITLE
Chief Technology Officer
TENURE
1.1 yrs

Linda Gilbert

TITLE
Vice President of Finance & Administration
COMPENSATION
CA$217K
AGE
50
TENURE
3.3 yrs

Lorie Johnson

TITLE
Vice President of Human Resources

Jim Price

TITLE
Senior Vice President of Industry Relations
COMPENSATION
CA$421K
TENURE
0.4 yrs
Board of Directors Tenure

Average tenure and age of the Park Lawn board of directors in years:

4.2
Average Tenure
53.5
Average Age
  • The tenure for the Park Lawn board of directors is about average.
Board of Directors

Joe Leeder

TITLE
CFO & Director
COMPENSATION
CA$655K
AGE
64
TENURE
6.3 yrs

Steven Scott

TITLE
Director
COMPENSATION
CA$58K
AGE
46
TENURE
5.3 yrs

Andrew Clark

TITLE
Chairman of the Board & CEO
COMPENSATION
CA$751K
AGE
43
TENURE
6 yrs

Tim Powers

TITLE
Lead Independent Director
COMPENSATION
CA$69K
AGE
50
TENURE
2.9 yrs

Deborah Robinson

TITLE
Director
COMPENSATION
CA$39K
AGE
55
TENURE
1.2 yrs

William Ward

TITLE
Director
COMPENSATION
CA$57K
AGE
53
TENURE
5.9 yrs

Paul Smith

TITLE
Director
COMPENSATION
CA$61K
AGE
54
TENURE
3.2 yrs

Jane Craighead

TITLE
Independent Director
AGE
60
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Park Lawn individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
24. Apr 19 Buy Suzanne Cowan Individual 23. Apr 19 23. Apr 19 1,000 CA$25.65 CA$25,650
24. Apr 19 Buy Nine Two Seven Limited Company 23. Apr 19 23. Apr 19 4,000 CA$25.65 CA$102,600
24. Apr 19 Buy Deborah Robinson Individual 23. Apr 19 23. Apr 19 2,000 CA$25.65 CA$51,300
24. Apr 19 Buy Timothy Powers Individual 23. Apr 19 23. Apr 19 585 CA$25.65 CA$15,005
18. Nov 18 Buy Nine Two Seven Limited Company 15. Nov 18 15. Nov 18 10,000 CA$21.94 CA$219,350
15. Nov 18 Buy Timothy Powers Individual 15. Nov 18 15. Nov 18 700 CA$21.50 CA$15,050
02. Oct 18 Buy Deborah Robinson Individual 02. Oct 18 02. Oct 18 1,400 CA$25.30 CA$35,388
X
Management checks
We assess Park Lawn's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Park Lawn 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.

PLC News

Simply Wall St News

Park Lawn (TSE:PLC) Shareholders Have Enjoyed An Impressive 198% Share Price Gain

But on a lighter note, a good company can see its share price rise well over 100%. … There will continue to be wide discrepancies between price and value in the marketplace...' One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Park Lawn's earnings per share are down 12% per year, despite strong share price performance over five years.

Simply Wall St -

Why We’re Not Impressed By Park Lawn Corporation’s (TSE:PLC) 2.6% ROCE

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Park Lawn: 0.026 = CA$26m ÷ (CA$1.0b - CA$24m) (Based on the trailing twelve months to March 2019.) So, Park Lawn has an ROCE of 2.6%. … How Park Lawn's Current Liabilities Impact Its ROCE Short term (or current) liabilities, are things like supplier invoices, overdrafts, or tax bills that need to be paid within 12 months. … Park Lawn has a low level of current liabilities, which have a negligible impact on its already low ROCE.

Simply Wall St -

Is Park Lawn Corporation's (TSE:PLC) 2.2% ROE Worse Than Average?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Park Lawn: 2.2% = CA$8.4m ÷ CA$394m (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Combining Park Lawn's Debt And Its 2.2% Return On Equity Park Lawn has a debt to equity ratio of 0.24, which is far from excessive. … Conservative use of debt to boost returns is usually a good move for shareholders, though it does leave the company more exposed to interest rate rises.

Simply Wall St -

Why We Think Park Lawn Corporation (TSE:PLC) Could Be Worth Looking At

High growth potential with excellent balance sheet In the previous year, PLC has ramped up its bottom line by 83%, with its latest earnings level surpassing its average level over the last five years. … TSX:PLC Past and Future Earnings, June 7th 2019 PLC's ability to maintain an adequate level of cash to meet upcoming liabilities is a good sign for its financial health. … TSX:PLC Historical Debt, June 7th 2019 Next Steps: For Park Lawn, there are three fundamental aspects you should further research: Valuation: What is PLC worth today?

Simply Wall St -

Don't Sell Park Lawn Corporation (TSE:PLC) Before You Read This

Park Lawn has a price to earnings ratio of 77.87, based on the last twelve months. … View our latest analysis for Park Lawn How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Park Lawn: P/E of 77.87 = CA$28.8 ÷ CA$0.37 (Based on the year to March 2019.) Is A High P/E Ratio Good?

Simply Wall St -

Are Insiders Buying Park Lawn Corporation (TSE:PLC) Stock?

In the last twelve months Park Lawn insiders were buying shares, but not selling. … TSX:PLC Recent Insider Trading, May 16th 2019 Park Lawn is not the only stock insiders are buying. … On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Park Lawn stock.

Simply Wall St -

Could The Park Lawn Corporation (TSE:PLC) Ownership Structure Tell Us Something Useful?

Every investor in Park Lawn Corporation (TSE:PLC) should be aware of the most powerful shareholder groups. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Park Lawn is a smaller company with a market capitalization of CA$726m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Is There An Opportunity With Park Lawn Corporation's (TSE:PLC) 25% Undervaluation?

Today we will run through one way of estimating the intrinsic value of Park Lawn Corporation (TSE:PLC). … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model. … We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows

Simply Wall St -

Is Park Lawn Corporation's (TSE:PLC) 1.8% Dividend Sustainable?

Today we'll take a closer look at Park Lawn Corporation (TSE:PLC) from a dividend investor's perspective. … 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. … While Park Lawn's 1.8% dividend yield is not the highest, we think its lengthy payment history is quite interesting.

Simply Wall St -

How Financially Strong Is Park Lawn Corporation (TSE:PLC)?

Evaluating financial health as part of your investment thesis is. … since poor capital management may bring about bankruptcies, … Let's work through some financial health checks you may wish to consider if you're interested in this stock.

Simply Wall St -

PLC Company Info

Description

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.

Details
Name: Park Lawn Corporation
PLC
Exchange: TSX
Founded: 1892
CA$824,340,028
28,802,936
Website: http://www.parklawncorp.com
Address: Park Lawn Corporation
2 Street Clair Avenue West,
Suite 1300,
Toronto,
Ontario, M4V 1L5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX PLC Common Shares The Toronto Stock Exchange CA CAD 19. Sep 2006
OTCPK PRRW.F Common Shares Pink Sheets LLC US USD 19. Sep 2006
DB PL2 Common Shares Deutsche Boerse AG DE EUR 19. Sep 2006
Number of employees
Current staff
Staff numbers
1,301
Park Lawn employees.
Industry
Specialized Consumer Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 00:19
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/06/20
Last earnings filing: 2019/05/14
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.