TSX:RSI

Stock Analysis Report

Executive Summary

Rogers Sugar Inc., through its subsidiary, Lantic Inc., engages in refining, packaging, and marketing sugar and maple products.

Snowflake

Fundamentals

Good value with mediocre balance sheet.

Share Price & News

How has Rogers Sugar's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.9%

TSX:RSI

-4.4%

CA Food

-0.9%

CA Market


1 Year Return

-3.5%

TSX:RSI

-5.1%

CA Food

-6.1%

CA Market

RSI outperformed the Food industry which returned -5.1% over the past year.

RSI outperformed the Market in Canada which returned -6.1% over the past year.


Share holder returns

RSIIndustryMarket
7 Day-0.9%-4.4%-0.9%
30 Day-7.6%-1.3%-3.9%
90 Day-9.5%-8.2%-2.9%
1 Year2.8%-3.5%-3.4%-5.1%-2.8%-6.1%
3 Year-1.7%-17.7%-1.1%-6.2%13.2%3.1%
5 Year49.3%7.2%33.9%23.7%10.8%-4.7%

Price Volatility Vs. Market

How volatile is Rogers Sugar's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Rogers Sugar undervalued based on future cash flows and its price relative to the stock market?

27%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Rogers Sugar's share price is below the future cash flow value, and at a moderate discount (> 20%).

Rogers Sugar's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Rogers Sugar is good value based on earnings compared to the CA Food industry average.

Rogers Sugar is good value based on earnings compared to the Canada market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Rogers Sugar, we can't assess if its growth is good value.


Price Based on Value of Assets

Rogers Sugar is good value based on assets compared to the CA Food industry average.


Next Steps

Future Growth

How is Rogers Sugar expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

-4.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Rogers Sugar's revenue is expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).

Rogers Sugar's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Rogers Sugar's revenue growth is positive but not above the Canada market average.

Rogers Sugar's earnings are expected to decrease over the next 1-3 years, this is below the Canada market average.

Rogers Sugar's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Rogers Sugar will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Rogers Sugar performed over the past 5 years?

8.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Rogers Sugar's year on year earnings growth rate has been positive over the past 5 years.

Rogers Sugar's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Rogers Sugar's 1-year earnings growth is negative, it can't be compared to the CA Food industry average.


Return on Equity

Rogers Sugar has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Rogers Sugar used its assets more efficiently than the CA Food industry average last year based on Return on Assets.


Return on Capital Employed

Rogers Sugar's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Rogers Sugar's financial position?


Financial Position Analysis

Rogers Sugar is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Rogers Sugar's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Rogers Sugar's level of debt (100.6%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (73.9% vs 100.6% today).

Debt is well covered by operating cash flow (21.9%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 4.2x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.9x debt.


Next Steps

Dividend

What is Rogers Sugar's current dividend yield, its reliability and sustainability?

6.87%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Rogers Sugar before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Rogers Sugar's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.03%).

Rogers Sugar's dividend is above the markets top 25% of dividend payers in Canada (5.93%).

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

Dividends paid are not well covered by earnings (1.1x 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.


Next Steps

Management

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

6.0yrs

Average management tenure


CEO

John Holliday 0

4.3yrs

Tenure

CA$1,423,306

Compensation

Mr. John Holliday serves as President of North American Operations at GrainCorp Malt. Mr. Holliday has been Chief Executive Officer and President of Lantic Inc., at Rogers Sugar Inc. since May 1, 2015. Mr. ...


CEO Compensation Analysis

John's remuneration is about average for companies of similar size in Canada.

John's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.


Management Age and Tenure

6.0yrs

Average Tenure

The average tenure for the Rogers Sugar management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

2.5yrs

Average Tenure

62yo

Average Age

The average tenure for the Rogers Sugar board of directors is less than 3 years, this suggests a new board.


Insider Trading

Rogers Sugar individual insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

BuyCA$63,85121 Aug 19
Douglas William Whitehead
EntityIndividual
Shares12,000
Max PriceCA$5.33
SellCA$207,61720 Aug 19
M. H. Ross
EntityIndividual
Role
Chairman of the Board
Chairman
Shares40,000
Max PriceCA$5.20
BuyCA$10,56015 Aug 19
Jean-Francois Khalil
EntityIndividual
Role
Other Key Executive
Vice President of Human Resources - Lantic Inc
Shares2,000
Max PriceCA$5.28
BuyCA$5,85104 Jul 19
M. Daniel Lafrance
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,043
Max PriceCA$5.61
BuyCA$5,61003 Jul 19
Dean Bergmame
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceCA$5.61
BuyCA$5,85103 Jul 19
Gary Collins
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,043
Max PriceCA$5.61
BuyCA$11,06903 Jul 19
Donald Jewell
EntityIndividual
Role
Unit Board Member
Shares1,973
Max PriceCA$5.61
BuyCA$9,66603 Jul 19
Michael Heskin
EntityIndividual
Shares1,720
Max PriceCA$5.62
BuyCA$7,71103 Jul 19
M. H. Ross
EntityIndividual
Role
Chairman of the Board
Chairman
Shares1,372
Max PriceCA$5.62
BuyCA$5,85103 Jul 19
William Maslechko
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,043
Max PriceCA$5.61
BuyCA$7,68303 Apr 19
M. H. Ross
EntityIndividual
Role
Chairman of the Board
Chairman
Shares1,270
Max PriceCA$6.05
BuyCA$5,84102 Apr 19
William Maslechko
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares967
Max PriceCA$6.04
BuyCA$5,85002 Apr 19
Dean Bergmame
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares967
Max PriceCA$6.05
BuyCA$5,84102 Apr 19
Gary Collins
EntityIndividual
Role
Member of the Board of Directors
Director
Shares967
Max PriceCA$6.04
BuyCA$10,95002 Apr 19
Donald Jewell
EntityIndividual
Role
Unit Board Member
Shares1,810
Max PriceCA$6.05
BuyCA$9,61902 Apr 19
Michael Heskin
EntityIndividual
Shares1,590
Max PriceCA$6.05
BuyCA$5,84102 Apr 19
M. Daniel Lafrance
EntityIndividual
Role
Member of the Board of Directors
Director
Shares967
Max PriceCA$6.04
SellCA$47,96316 Mar 19
Gary Collins
EntityIndividual
Role
Member of the Board of Directors
Director
Shares7,850
Max PriceCA$6.11
BuyCA$7,62007 Jan 19
M. H. Ross
EntityIndividual
Role
Chairman of the Board
Chairman
Shares1,380
Max PriceCA$5.52
BuyCA$5,85304 Jan 19
William Maslechko
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,060
Max PriceCA$5.52
BuyCA$5,85304 Jan 19
Dean Bergmame
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,060
Max PriceCA$5.52
BuyCA$5,85304 Jan 19
Gary Collins
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,060
Max PriceCA$5.52
BuyCA$10,60204 Jan 19
Donald Jewell
EntityIndividual
Role
Unit Board Member
Shares1,920
Max PriceCA$5.52
BuyCA$9,16704 Jan 19
Michael Heskin
EntityIndividual
Shares1,660
Max PriceCA$5.52
BuyCA$5,85304 Jan 19
M. Daniel Lafrance
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,060
Max PriceCA$5.52
BuyCA$27,25017 Dec 18
Michael Walton
EntityIndividual
Role
Other Key Executive
Vice President of Sales & Marketing - Lantic Inc
Shares5,000
Max PriceCA$5.45
BuyCA$5,87402 Oct 18
M. Daniel Lafrance
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,070
Max PriceCA$5.49
BuyCA$7,72401 Oct 18
M. H. Ross
EntityIndividual
Role
Chairman of the Board
Chairman
Shares1,407
Max PriceCA$5.49
BuyCA$5,88001 Oct 18
Dean Bergmame
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,071
Max PriceCA$5.49
BuyCA$5,87401 Oct 18
Gary Collins
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,070
Max PriceCA$5.49
BuyCA$10,57401 Oct 18
Donald Jewell
EntityIndividual
Role
Unit Board Member
Shares1,926
Max PriceCA$5.49
BuyCA$9,21801 Oct 18
Michael Heskin
EntityIndividual
Shares1,679
Max PriceCA$5.49
BuyCA$5,87901 Oct 18
William Maslechko
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,071
Max PriceCA$5.49

Ownership Breakdown


Management Team

  • Manon Lacroix

    VP of Finance

    • Tenure: 6.0yrs
    • Compensation: CA$685.40k
  • Mike Walton

    Vice President of Sales & Marketing - Lantic Inc

    • Tenure: 8.3yrs
    • Compensation: CA$802.37k
  • Diana Discepola

    Director of Finance - Lantic Inc

    • Tenure: 0.0yrs
    • Compensation: CA$48.38k
  • Jean-Francois Khalil

    Vice President of Human Resources - Lantic Inc

    • Tenure: 0.0yrs
    • Compensation: CA$465.60k
  • John Holliday

    President & CEO

    • Tenure: 4.3yrs
    • Compensation: CA$1.42m
  • Patrick Dionne

    Vice President of Operations & Supply Chain - Lantic Inc

    • Tenure: 0.0yrs
    • Compensation: CA$579.86k

Board Members

  • Bill Maslechko (58yo)

    Independent Director

    • Tenure: 13.3yrs
    • Compensation: CA$110.63k
  • M. H. Ross (62yo)

    Chairman

    • Tenure: 2.5yrs
    • Compensation: CA$140.00k
  • M. Daniel Lafrance (64yo)

    Director

    • Tenure: 2.5yrs
    • Compensation: CA$127.25k
  • Don Jewell (65yo)

    • Tenure: 16.0yrs
  • Gary Collins (55yo)

    Director

    • Tenure: 2.5yrs
    • Compensation: CA$105.13k
  • Dean Bergmame

    Independent Director

    • Tenure: 10.3yrs
    • Compensation: CA$118.00k
  • Stephanie Wilkes

    Additional Independent Director

    • Tenure: 0.6yrs

Company Information

Rogers Sugar Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Rogers Sugar Inc.
  • Ticker: RSI
  • Exchange: TSX
  • Founded: 1997
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: CA$550.242m
  • Shares outstanding: 105.01m
  • Website: https://www.lanticrogers.com

Number of Employees


Location

  • Rogers Sugar Inc.
  • 123 Rogers Street
  • Vancouver
  • British Columbia
  • V6B 3V2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RSITSX (The Toronto Stock Exchange)YesCommon SharesCACADOct 1998
RSGU.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 1998
16RDB (Deutsche Boerse AG)YesCommon SharesDEEUROct 1998

Biography

Rogers Sugar Inc., through its subsidiary, Lantic Inc., engages in refining, packaging, and marketing sugar and maple products. It offers granulated, plantation raw, brown, organic, icing, maple, stevia, s ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/25 00:14
End of Day Share Price2019/08/23 00:00
Earnings2019/06/29
Annual Earnings2018/09/29


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.