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LAS.

Lassonde Industries TSX:LAS.A Stock Report

Last Price

CA$112.47

Market Cap

CA$770.5m

7D

1.4%

1Y

-38.0%

Updated

28 Sep, 2022

Data

Company Financials +
LAS.A fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends3/6

LAS.A Stock Overview

Lassonde Industries Inc., together with its subsidiaries, develops, produces, and markets a range of ready-to-drink fruit juices and drinks, and frozen juice concentrates in Canada, the United States, and internationally.

Lassonde Industries Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Lassonde Industries
Historical stock prices
Current Share PriceCA$112.47
52 Week HighCA$182.20
52 Week LowCA$106.75
Beta-0.039
1 Month Change0.35%
3 Month Change-5.54%
1 Year Change-38.01%
3 Year Change-37.52%
5 Year Change-53.62%
Change since IPO2,711.75%

Recent News & Updates

May 19
Lassonde Industries (TSE:LAS.A) Has Announced That Its Dividend Will Be Reduced To CA$0.70

Lassonde Industries (TSE:LAS.A) Has Announced That Its Dividend Will Be Reduced To CA$0.70

Lassonde Industries Inc. ( TSE:LAS.A ) is reducing its dividend to CA$0.70 on the 15th of Junewhich is 20% less than...

Shareholder Returns

LAS.ACA FoodCA Market
7D1.4%-2.9%-2.9%
1Y-38.0%-14.4%-5.6%

Return vs Industry: LAS.A underperformed the Canadian Food industry which returned -13.6% over the past year.

Return vs Market: LAS.A underperformed the Canadian Market which returned -7.3% over the past year.

Price Volatility

Is LAS.A's price volatile compared to industry and market?
LAS.A volatility
LAS.A Average Weekly Movement4.5%
Food Industry Average Movement8.9%
Market Average Movement9.8%
10% most volatile stocks in CA Market18.2%
10% least volatile stocks in CA Market3.8%

Stable Share Price: LAS.A is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: LAS.A's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19182,700Nathalie Lassondehttps://www.lassonde.com

Lassonde Industries Inc., together with its subsidiaries, develops, produces, and markets a range of ready-to-drink fruit juices and drinks, and frozen juice concentrates in Canada, the United States, and internationally. The company offers pure juices, fruit drinks, cranberry sauces, fruit-based snacks, pasta sauces, bruschetta toppings, tapenades, and pestos. In addition, it produces apple cider and cider-based beverages; and imports and markets selected wines.

Lassonde Industries Fundamentals Summary

How do Lassonde Industries's earnings and revenue compare to its market cap?
LAS.A fundamental statistics
Market CapCA$770.51m
Earnings (TTM)CA$67.63m
Revenue (TTM)CA$2.00b

11.4x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LAS.A income statement (TTM)
RevenueCA$2.00b
Cost of RevenueCA$1.46b
Gross ProfitCA$534.53m
Other ExpensesCA$466.91m
EarningsCA$67.63m

Last Reported Earnings

Jul 02, 2022

Next Earnings Date

n/a

Earnings per share (EPS)9.87
Gross Margin26.79%
Net Profit Margin3.39%
Debt/Equity Ratio23.4%

How did LAS.A perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

34%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is LAS.A 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

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LAS.A?

Other financial metrics that can be useful for relative valuation.

LAS.A 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.
Key Statistics
Enterprise Value/Revenue0.5x
Enterprise Value/EBITDA7x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does LAS.A's PE Ratio compare to its peers?

LAS.A PE Ratio vs Peers
The above table shows the PE ratio for LAS.A vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average20.6x
RSI Rogers Sugar
14.3xn/aCA$645.0m
HLF High Liner Foods
6.3xn/aCA$432.6m
PBH Premium Brands Holdings
23.2x35.4%CA$4.0b
SAP Saputo
38.6x36.7%CA$13.9b
LAS.A Lassonde Industries
11.4xn/aCA$770.5m

Price-To-Earnings vs Peers: LAS.A is good value based on its Price-To-Earnings Ratio (11.4x) compared to the peer average (20.6x).


Price to Earnings Ratio vs Industry

How does LAS.A's PE Ratio compare vs other companies in the North American Food Industry?

Price-To-Earnings vs Industry: LAS.A is good value based on its Price-To-Earnings Ratio (11.4x) compared to the North American Food industry average (17.2x)


Price to Earnings Ratio vs Fair Ratio

What is LAS.A'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.

LAS.A PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate LAS.A's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of LAS.A when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: LAS.A (CA$112.47) is trading above our estimate of fair value (CA$81.52)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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Future Growth

How is Lassonde Industries forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


5.1%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if LAS.A's forecast earnings growth is above the savings rate (1.6%).

Earnings vs Market: Insufficient data to determine if LAS.A's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if LAS.A's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: LAS.A's revenue (5.1% per year) is forecast to grow slower than the Canadian market (5.8% per year).

High Growth Revenue: LAS.A's revenue (5.1% 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 LAS.A's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Lassonde Industries 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


0.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: LAS.A has high quality earnings.

Growing Profit Margin: LAS.A's current net profit margins (3.4%) are lower than last year (4.5%).


Past Earnings Growth Analysis

Earnings Trend: LAS.A's earnings have grown by 0.6% per year over the past 5 years.

Accelerating Growth: LAS.A's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: LAS.A had negative earnings growth (-23%) over the past year, making it difficult to compare to the Food industry average (-28%).


Return on Equity

High ROE: LAS.A's Return on Equity (7.6%) is considered low.


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Financial Health

How is Lassonde Industries'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: LAS.A's short term assets (CA$583.1M) exceed its short term liabilities (CA$368.5M).

Long Term Liabilities: LAS.A's short term assets (CA$583.1M) exceed its long term liabilities (CA$257.8M).


Debt to Equity History and Analysis

Debt Level: LAS.A's net debt to equity ratio (23.3%) is considered satisfactory.

Reducing Debt: LAS.A's debt to equity ratio has reduced from 37.1% to 23.4% over the past 5 years.

Debt Coverage: LAS.A's debt is not well covered by operating cash flow (7.3%).

Interest Coverage: LAS.A's interest payments on its debt are well covered by EBIT (11.2x coverage).


Balance Sheet


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Dividend

What is Lassonde Industries's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.13%

Current Dividend Yield

Dividend Yield vs Market

Lassonde Industries Dividend Yield vs Market
How does Lassonde Industries dividend yield compare to the market?
SegmentDividend Yield
Company (Lassonde Industries)3.1%
Market Bottom 25% (CA)2.0%
Market Top 25% (CA)6.0%
Industry Average (Food)2.7%
Analyst forecast in 3 Years (Lassonde Industries)2.5%

Notable Dividend: LAS.A's dividend (3.13%) is higher than the bottom 25% of dividend payers in the Canadian market (2.06%).

High Dividend: LAS.A's dividend (3.13%) is low compared to the top 25% of dividend payers in the Canadian market (6.13%).


Stability and Growth of Payments

Stable Dividend: LAS.A's dividend payments have been volatile in the past 10 years.

Growing Dividend: LAS.A's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (34.2%), LAS.A's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: LAS.A is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

3.7yrs

Average management tenure


CEO

Nathalie Lassonde

17.33yrs

Tenure

CA$2,544,000

Compensation

Mrs. Nathalie Lassonde serves as Chief Executive Officer of Lassonde Industries Inc. since May, 2019 and is the Vice Chair of the Board of Directors from May 2022. Mrs. Lassonde served as Vice President of...


CEO Compensation Analysis

Nathalie Lassonde's Compensation vs Lassonde Industries Earnings
How has Nathalie Lassonde's remuneration changed compared to Lassonde Industries's earnings?
DateTotal Comp.SalaryCompany Earnings
Jul 02 2022n/an/a

CA$68m

Apr 02 2022n/an/a

CA$72m

Dec 31 2021CA$3mCA$667k

CA$78m

Oct 02 2021n/an/a

CA$79m

Jul 03 2021n/an/a

CA$88m

Apr 03 2021n/an/a

CA$95m

Dec 31 2020CA$1mCA$533k

CA$98m

Sep 26 2020n/an/a

CA$103m

Jun 27 2020n/an/a

CA$93m

Mar 28 2020n/an/a

CA$82m

Dec 31 2019CA$356kCA$336k

CA$72m

Sep 28 2019n/an/a

CA$59m

Jun 29 2019n/an/a

CA$62m

Mar 30 2019n/an/a

CA$64m

Dec 31 2018CA$240kCA$220k

CA$66m

Sep 29 2018n/an/a

CA$88m

Jun 30 2018n/an/a

CA$90m

Mar 31 2018n/an/a

CA$91m

Dec 31 2017n/an/a

CA$90m

Sep 30 2017n/an/a

CA$75m

Jul 01 2017n/an/a

CA$72m

Apr 01 2017n/an/a

CA$68m

Dec 31 2016CA$303kn/a

CA$68m

Oct 01 2016n/an/a

CA$66m

Jul 02 2016n/an/a

CA$64m

Apr 02 2016n/an/a

CA$62m

Dec 31 2015CA$168kn/a

CA$57m

Compensation vs Market: Nathalie's total compensation ($USD1.86M) is above average for companies of similar size in the Canadian market ($USD1.28M).

Compensation vs Earnings: Nathalie's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: LAS.A's management team is considered experienced (3.7 years average tenure).


Board Members

Experienced Board: LAS.A's board of directors are seasoned and experienced ( 17.3 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.


Recent Insider Transactions

TSX:LAS.A Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
29 Mar 22SellCA$28,482Michel SimardIndividual200CA$142.41
14 Dec 21BuyCA$42,900Pierre LessardIndividual300CA$143.00

Ownership Breakdown

What is the ownership structure of LAS.A?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders23,2000.3%
Institutions1,440,85121.0%
General Public1,620,64923.7%
Private Companies3,766,12055.0%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 76.2% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
54.97%
3346625 Canada Inc.
3,766,120CA$423.6m0%no data
6.84%
QV Investors Inc.
468,767CA$52.7m0%1.56%
4.43%
Tweedy, Browne Company LLC
303,685CA$34.2m0%0.34%
3.41%
FMR LLC
233,553CA$26.3m-0.05%no data
2.71%
Industrial Alliance Investment Management Inc.
185,748CA$20.9m0%0.2%
1.37%
Dimensional Fund Advisors LP
93,983CA$10.6m3.32%no data
0.35%
RBC Global Asset Management Inc.
23,899CA$2.7m0%no data
0.33%
Cote 100 Inc.
22,650CA$2.5m0%1.99%
0.27%
Palm Valley Capital Management LLC
18,173CA$2.0m0%3.86%
0.23%
Pierre-Paul Lassonde
16,000CA$1.8m0%no data
0.19%
Brandes Investment Partners, LP
12,978CA$1.5m75.85%0.01%
0.17%
Fiera Capital Corporation
11,503CA$1.3m0%no data
0.16%
Picton Mahoney Asset Management
10,687CA$1.2m0%0.03%
0.15%
Scheer, Rowlett & Associates Investment Management Ltd.
10,300CA$1.2m0%0.07%
0.14%
BlackRock, Inc.
9,331CA$1.0m12.57%no data
0.11%
Connor, Clark & Lunn Investment Management Ltd.
7,800CA$877.3k0%no data
0.099%
Mackenzie Financial Corporation
6,799CA$764.7k0%no data
0.056%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
3,827CA$430.4k0%no data
0.053%
Greiff Capital Management AG
3,628CA$408.0k0%0.14%
0.038%
Michel Simard
2,600CA$292.4k0%no data
0.026%
IG Investment Management, Ltd.
1,790CA$201.3k0%no data
0.026%
The Vanguard Group, Inc.
1,753CA$197.2k0%no data
0.022%
Credit Suisse Asset Management (Switzerland)
1,540CA$173.2k0%no data
0.022%
UBS Asset Management
1,500CA$168.7k0%no data
0.022%
Paul Bouthillier
1,500CA$168.7k0%no data

Company Information

Lassonde Industries Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Lassonde Industries Inc.
  • Ticker: LAS.A
  • Exchange: TSX
  • Founded: 1918
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: CA$770.512m
  • Shares outstanding: 6.85m
  • Website: https://www.lassonde.com

Number of Employees


Location

  • Lassonde Industries Inc.
  • 755 Principale Street
  • Rougemont
  • Quebec
  • J0L 1M0
  • Canada


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LAS.ATSX (The Toronto Stock Exchange)YesClass A Subordinate Voting SharesCACADJan 1990
LSDA.FOTCPK (Pink Sheets LLC)YesClass A Subordinate Voting SharesUSUSDJan 1990
0OODB (Deutsche Boerse AG)YesClass A Subordinate Voting SharesDEEURJan 1990

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 00:00
Earnings2022/07/02
Annual Earnings2021/12/31


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.