TSX:RSI

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Second-rate dividend payer and slightly overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: RSI has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.3%

RSI

1.4%

CA Food

1.5%

CA Market


1 Year Return

-6.5%

RSI

-14.6%

CA Food

-4.6%

CA Market

Return vs Industry: RSI exceeded the Canadian Food industry which returned -12.6% over the past year.

Return vs Market: RSI underperformed the Canadian Market which returned -4.7% over the past year.


Shareholder returns

RSIIndustryMarket
7 Day1.3%1.4%1.5%
30 Day3.0%5.0%6.1%
90 Day3.6%6.9%11.1%
1 Year0.6%-6.5%-12.9%-14.6%-1.2%-4.6%
3 Year-14.4%-29.7%-14.7%-19.3%11.8%1.0%
5 Year52.3%9.7%26.2%15.8%33.6%13.3%

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 compared to its fair value and its price relative to the market?

34.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RSI (CA$4.86) is trading below our estimate of fair value (CA$7.36)

Significantly Below Fair Value: RSI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: RSI is unprofitable, so we can't compare its PE Ratio to the CA Food industry average.

PE vs Market: RSI is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate RSI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RSI is overvalued based on its PB Ratio (1.8x) compared to the CA Food industry average (1.5x).


Next Steps

Future Growth

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

0.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if RSI's forecast earnings growth is above the savings rate (1.7%).

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

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

Revenue vs Market: RSI's revenue (0.3% per year) is forecast to grow slower than the Canadian market (5.9% per year).

High Growth Revenue: RSI's revenue (0.3% 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 RSI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Rogers Sugar performed over the past 5 years?

-13.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RSI is currently unprofitable.

Growing Profit Margin: RSI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RSI is unprofitable, and losses have increased over the past 5 years at a rate of 13.8% per year.

Accelerating Growth: Unable to compare RSI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: RSI is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (-8.9%).


Return on Equity

High ROE: RSI has a negative Return on Equity (-4.62%), as it is currently unprofitable.


Next Steps

Financial Health

How is Rogers Sugar's financial position?


Financial Position Analysis

Short Term Liabilities: RSI's short term assets (CA$233.9M) exceed its short term liabilities (CA$112.0M).

Long Term Liabilities: RSI's short term assets (CA$233.9M) do not cover its long term liabilities (CA$431.6M).


Debt to Equity History and Analysis

Debt Level: RSI's debt to equity ratio (129.1%) is considered high.

Reducing Debt: RSI's debt to equity ratio has increased from 82.6% to 129.1% over the past 5 years.

Debt Coverage: RSI's debt is well covered by operating cash flow (20.7%).

Interest Coverage: RSI is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

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

7.41%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: RSI's dividend (7.41%) is higher than the bottom 25% of dividend payers in the Canadian market (1.81%).

High Dividend: RSI's dividend (7.41%) is in the top 25% of dividend payers in the Canadian market (5.9%)


Stability and Growth of Payments

Stable Dividend: RSI's dividends per share have been stable in the past 10 years.

Growing Dividend: RSI's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: RSI is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

3.5yrs

Average board tenure


CEO

John Holliday

5.25yrs

Tenure

CA$720,904

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. & Rogers Sugar Inc. since May 1, 2015. Mr. H ...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD539.70K) is below average for companies of similar size in the Canadian market ($USD961.95K).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
William Maslechko
Independent Director14.25yrsCA$90.50k0.038%
CA$ 187.5k
M. H. Ross
Independent Chairman of the Board3.5yrsCA$139.00k0.11%
CA$ 521.3k
M. Daniel Lafrance
Independent Director3.5yrsCA$119.50k0.054%
CA$ 264.7k
Gary Collins
Independent Director3.5yrsCA$94.50k0.0068%
CA$ 33.7k
Manon Lacroix
Director0.25yrCA$374.38k0.026%
CA$ 129.0k
Dean Bergmame
Independent Director11.33yrsCA$109.00k0.051%
CA$ 253.3k
Stephanie Wilkes
Additional Independent Director2.58yrsCA$73.88k0.0060%
CA$ 29.7k

3.5yrs

Average Tenure

61yo

Average Age

Experienced Board: RSI's board of directors are considered experienced (3.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: RSI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

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$493.871m
  • Shares outstanding: 103.54m
  • 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 Analysis2020/08/05 23:31
End of Day Share Price2020/08/05 00:00
Earnings2020/03/28
Annual Earnings2019/09/28


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.