Saputo
Saputo Inc. produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and internationally. The last earnings update was 40 days ago. More info.
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SAP Share Price and Events
7 Day Returns
1 Year Returns
SAP Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Saputo (SAP) | -0.7% | 6.4% | 10.3% | 7.2% | 9.3% | 59.5% |
| CA Food | 0.4% | 4% | 8.9% | -4.3% | 10.3% | 50.3% |
| CA Market | 0.9% | 2.3% | 12.4% | 1.2% | 16.1% | 5.9% |
1 Year Return vs Industry and Market
- SAP outperformed the Food industry which returned -4.3% over the past year.
- SAP outperformed the Market in Canada which returned 1.2% over the past year.
SAP Value
Is Saputo 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
Saputo
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Saputo.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 9 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 7% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year CA Govt Bond Rate | 1.9% |
| Equity Risk Premium | S&P Global | 6% |
| Food Unlevered Beta | Simply Wall St/ S&P Global | 0.7 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.698 (1 + (1- 26.5%) (14.54%)) |
0.848 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.85 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (0.848 * 5.96%) |
7% |
Discounted Cash Flow Calculation for TSX:SAP using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Saputo 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.
| Levered FCF (CAD, Millions) | Source |
Present Value Discounted (@ 7%) |
|
|---|---|---|---|
| 2019 | 675.00 | Analyst x2 | 630.84 |
| 2020 | 773.37 | Analyst x3 | 675.48 |
| 2021 | 929.30 | Analyst x1 | 758.57 |
| 2022 | 1,053.96 | Est @ 13.41% | 804.04 |
| 2023 | 1,159.08 | Est @ 9.97% | 826.38 |
| 2024 | 1,246.77 | Est @ 7.57% | 830.74 |
| 2025 | 1,320.09 | Est @ 5.88% | 822.04 |
| 2026 | 1,382.13 | Est @ 4.7% | 804.37 |
| 2027 | 1,435.68 | Est @ 3.87% | 780.87 |
| 2028 | 1,483.00 | Est @ 3.3% | 753.83 |
| Present value of next 10 years cash flows | CA$7,687.16 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= CA$1,483.00 × (1 + 1.95%) ÷ (7% – 1.95%) |
CA$29,916.04 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= CA$29,916.04 ÷ (1 + 7%)10 |
CA$15,206.76 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= CA$7,687.16 + CA$15,206.76 |
CA$22,893.92 |
| Equity Value per Share (CAD) |
= Total value / Shares Outstanding
= CA$22,893.92 / 389.45 |
CA$58.79 |
| Calculation | Result | |
|---|---|---|
| Value per share (CAD) | From above. | CA$58.79 |
| Current discount | Discount to share price of
CA$44.29
= -1 x (CA$44.29 - CA$58.79) / CA$58.79 |
24.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Saputo's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Saputo'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 Saputo's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Saputo's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in CAD | CA$1.96 |
| TSX:SAP Share Price ** | TSX (2019-03-19) in CAD | CA$44.29 |
| Canada Food Industry PE Ratio | Median Figure of 11 Publicly-Listed Food Companies | 13.65x |
| Canada Market PE Ratio | Median Figure of 542 Publicly-Listed Companies | 14.83x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Saputo.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = TSX:SAP Share Price ÷ EPS (both in CAD) = 44.29 ÷ 1.96 |
22.58x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Saputo is overvalued based on earnings compared to the CA Food industry average.
- Saputo is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does
Saputo's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 22.58x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts |
8.6%per year |
| North America Food Industry PEG Ratio | Median Figure of 34 Publicly-Listed Food Companies | 1.65x |
| Canada Market PEG Ratio | Median Figure of 252 Publicly-Listed Companies | 1.21x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 22.58x ÷ 8.6% |
2.62x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Saputo is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Saputo's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in CAD | CA$14.03 |
| TSX:SAP Share Price * | TSX (2019-03-19) in CAD | CA$44.29 |
| Canada Food Industry PB Ratio | Median Figure of 25 Publicly-Listed Food Companies | 1.88x |
| Canada Market PB Ratio | Median Figure of 2,347 Publicly-Listed Companies | 1.56x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = TSX:SAP Share Price ÷ Book Value per Share (both in CAD) = 44.29 ÷ 14.03 |
3.16x |
* Primary Listing of Saputo.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Saputo is overvalued based on assets compared to the CA Food industry average.
Value checks
We assess Saputo's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Food industry average (and greater than 0)? (1 check) Saputo 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.
SAP Future Performance
How is Saputo expected to perform in the next 1 to 3 years based on estimates from 9 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!
Earnings growth vs Low Risk Savings
- Saputo's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
- Saputo's earnings growth is positive but not above the Canada market average.
- Saputo's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| TSX:SAP Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts | 8.6% |
| TSX:SAP Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts | 4.6% |
| Canada Food Industry Earnings Growth Rate | Market Cap Weighted Average | 20.2% |
| Canada Food Industry Revenue Growth Rate | Market Cap Weighted Average | 5.5% |
| Canada Market Earnings Growth Rate | Market Cap Weighted Average | 17.9% |
| Canada Market Revenue Growth Rate | Market Cap Weighted Average | 6.8% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 9 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CAD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-03-31 | 14,647 | 1 | ||
| 2020-03-31 | 14,478 | 1,082 | 790 | 5 |
| 2019-03-31 | 13,758 | 635 | 630 | 9 |
| Date (Data in CAD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 13,010 | 962 | 761 |
| 2018-09-30 | 12,454 | 926 | 756 |
| 2018-06-30 | 11,918 | 846 | 778 |
| 2018-03-31 | 11,543 | 809 | 853 |
| 2017-12-31 | 11,518 | 694 | 887 |
| 2017-09-30 | 11,462 | 749 | 746 |
| 2017-06-30 | 11,423 | 845 | 752 |
| 2017-03-31 | 11,163 | 1,074 | 728 |
| 2016-12-31 | 11,177 | 1,169 | 705 |
| 2016-09-30 | 11,112 | 1,135 | 683 |
| 2016-06-30 | 11,059 | 1,064 | 640 |
| 2016-03-31 | 10,992 | 850 | 601 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 9 Analyst Estimates (S&P Global) | See Below |
All data from Saputo Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CAD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-03-31 | ||||
| 2020-03-31 | 2.04 | 2.04 | 2.04 | 1.00 |
| 2019-03-31 | 1.62 | 1.62 | 1.62 | 1.00 |
| Date (Data in CAD Millions) | EPS * |
|---|---|
| 2018-12-31 | 1.96 |
| 2018-09-30 | 1.95 |
| 2018-06-30 | 2.01 |
| 2018-03-31 | 2.21 |
| 2017-12-31 | 2.29 |
| 2017-09-30 | 1.92 |
| 2017-06-30 | 1.93 |
| 2017-03-31 | 1.86 |
| 2016-12-31 | 1.80 |
| 2016-09-30 | 1.74 |
| 2016-06-30 | 1.63 |
| 2016-03-31 | 1.53 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Saputo's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Saputo has a total score of 1/6, 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.
SAP Past Performance
How has Saputo 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
Past Earnings growth analysis
- Saputo's year on year earnings growth rate has been positive over the past 5 years.
- Saputo's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Saputo's 1-year earnings growth is negative, it can't be compared to the CA Food industry average.
Earnings and Revenue History
All data from Saputo Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CAD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 13,009.80 | 761.10 | ||
| 2018-09-30 | 12,454.40 | 756.10 | ||
| 2018-06-30 | 11,918.20 | 778.20 | ||
| 2018-03-31 | 11,542.50 | 852.50 | ||
| 2017-12-31 | 11,517.90 | 886.80 | ||
| 2017-09-30 | 11,462.20 | 745.90 | ||
| 2017-06-30 | 11,423.30 | 751.60 | ||
| 2017-03-31 | 11,162.60 | 727.80 | ||
| 2016-12-31 | 11,176.80 | 704.90 | ||
| 2016-09-30 | 11,111.70 | 683.30 | ||
| 2016-06-30 | 11,058.50 | 640.30 | ||
| 2016-03-31 | 10,991.50 | 601.10 | ||
| 2015-12-31 | 10,771.31 | 615.97 | ||
| 2015-09-30 | 10,692.14 | 594.07 | ||
| 2015-06-30 | 10,601.30 | 600.61 | ||
| 2015-03-31 | 10,657.70 | 607.60 | ||
| 2014-12-31 | 10,629.76 | 570.24 | ||
| 2014-09-30 | 10,151.09 | 561.78 | ||
| 2014-06-30 | 9,680.16 | 540.64 | ||
| 2014-03-31 | 9,232.89 | 533.10 | ||
| 2013-12-31 | 8,800.35 | 514.65 | ||
| 2013-09-30 | 8,257.83 | 500.49 | ||
| 2013-06-30 | 7,772.88 | 496.85 | ||
| 2013-03-31 | 7,297.68 | 481.92 | ||
| 2012-12-31 | 6,947.85 | 378.88 | ||
| 2012-09-30 | 6,943.68 | 378.67 | ||
| 2012-06-30 | 6,989.71 | 376.10 | ||
| 2012-03-31 | 6,930.37 | 380.84 |
*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.
- Saputo has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Saputo used its assets more efficiently than the CA Food industry average last year based on Return on Assets.
- Saputo's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Saputo's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Saputo has a total score of 2/6, 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.
SAP Health
How is Saputo'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 Saputo's finances.
The net worth of a company is the difference between its assets and liabilities.
- Saputo is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Saputo's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.3x 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.
All data from Saputo Company Filings, last reported 2 months ago.
| Date (Data in CAD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 5,454.70 | 2,508.20 | 145.90 |
| 2018-09-30 | 4,870.50 | 2,542.50 | 91.30 |
| 2018-06-30 | 4,890.70 | 2,859.10 | 99.50 |
| 2018-03-31 | 4,797.70 | 1,618.60 | 122.20 |
| 2017-12-31 | 4,616.90 | 1,796.10 | 124.30 |
| 2017-09-30 | 4,305.40 | 1,600.90 | 180.80 |
| 2017-06-30 | 4,332.10 | 1,521.10 | 131.10 |
| 2017-03-31 | 4,322.90 | 1,593.80 | 250.50 |
| 2016-12-31 | 4,402.30 | 1,589.60 | 433.70 |
| 2016-09-30 | 4,350.80 | 1,476.90 | 331.40 |
| 2016-06-30 | 4,159.90 | 1,627.80 | 381.60 |
| 2016-03-31 | 4,069.80 | 1,631.40 | 164.30 |
| 2015-12-31 | 4,251.14 | 1,929.03 | 306.11 |
| 2015-09-30 | 3,972.65 | 1,886.40 | 219.44 |
| 2015-06-30 | 3,678.20 | 1,877.09 | 176.50 |
| 2015-03-31 | 3,628.60 | 1,747.70 | 72.60 |
| 2014-12-31 | 3,229.06 | 1,992.80 | 47.25 |
| 2014-09-30 | 3,059.80 | 2,026.32 | 50.09 |
| 2014-06-30 | 2,852.07 | 2,061.93 | 47.97 |
| 2014-03-31 | 2,839.16 | 2,102.03 | 39.35 |
| 2013-12-31 | 2,555.78 | 1,665.80 | 84.87 |
| 2013-09-30 | 2,393.42 | 1,722.90 | 35.09 |
| 2013-06-30 | 2,422.37 | 1,727.17 | 27.54 |
| 2013-03-31 | 2,305.67 | 1,735.10 | 43.18 |
| 2012-12-31 | 2,259.55 | 514.32 | 274.06 |
| 2012-09-30 | 2,157.29 | 458.31 | 142.74 |
| 2012-06-30 | 2,175.53 | 504.96 | 172.82 |
| 2012-03-31 | 2,105.69 | 546.51 | 144.14 |
- Saputo's level of debt (46%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (65.3% vs 46% today).
- Debt is well covered by operating cash flow (38.3%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 16.9x coverage).
Financial health checks
We assess Saputo's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Saputo has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
SAP Dividends
What is Saputo'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
If you bought
CA$2,000 of
Saputo
shares you are expected to receive
CA$30
in your first year as a dividend.
Dividend Amount
- Saputo's pays a lower dividend yield than the bottom 25% of dividend payers in Canada (2.09%).
- Saputo's dividend is below the markets top 25% of dividend payers in Canada (5.67%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 9 Analyst Estimates (S&P Global) | See Below |
| Canada Food Industry Average Dividend Yield | Market Cap Weighted Average of 10 Stocks | 1.9% |
| Canada Market Average Dividend Yield | Market Cap Weighted Average of 330 Stocks | 3.5% |
| Canada Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| Canada Bottom 25% Dividend Yield | 25th Percentile | 2.1% |
| Canada Top 25% Dividend Yield | 75th Percentile | 5.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in CA$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-03-31 | ||
| 2020-03-31 | 0.69 | 3.00 |
| 2019-03-31 | 0.66 | 3.00 |
| Date (Data in CA$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-07 | 0.660 | 1.540 |
| 2018-11-01 | 0.660 | 1.671 |
| 2018-08-07 | 0.660 | 1.664 |
| 2018-06-07 | 0.640 | 1.467 |
| 2018-02-01 | 0.640 | 1.540 |
| 2017-11-02 | 0.640 | 1.460 |
| 2017-08-01 | 0.640 | 1.474 |
| 2017-06-01 | 0.600 | 1.433 |
| 2017-02-02 | 0.600 | 1.326 |
| 2016-11-03 | 0.600 | 1.283 |
| 2016-08-02 | 0.600 | 1.343 |
| 2016-06-02 | 0.540 | 1.393 |
| 2016-02-04 | 0.540 | 1.360 |
| 2015-11-05 | 0.540 | 1.657 |
| 2015-08-04 | 0.540 | 1.770 |
| 2015-06-04 | 0.520 | 1.705 |
| 2015-02-05 | 0.520 | 1.470 |
| 2014-11-06 | 0.520 | 1.528 |
| 2014-08-06 | 0.520 | 1.603 |
| 2014-06-05 | 0.460 | 1.430 |
| 2014-02-06 | 0.460 | 1.633 |
| 2013-11-07 | 0.460 | 1.859 |
| 2013-08-06 | 0.460 | 1.883 |
| 2013-06-05 | 0.420 | 1.745 |
| 2013-02-13 | 0.420 | 1.657 |
| 2012-11-07 | 0.420 | 1.739 |
| 2012-07-31 | 0.420 | 1.966 |
| 2012-06-05 | 0.380 | 1.786 |
| 2012-02-07 | 0.380 | 1.770 |
| 2011-11-09 | 0.380 | 1.941 |
| 2011-08-02 | 0.380 | 1.888 |
| 2011-06-07 | 0.320 | 1.398 |
| 2011-02-03 | 0.320 | 1.471 |
| 2010-11-01 | 0.320 | 1.652 |
| 2010-08-03 | 0.320 | 1.849 |
| 2010-06-09 | 0.290 | 1.859 |
| 2010-02-03 | 0.290 | 1.988 |
| 2009-11-03 | 0.290 | 1.959 |
| 2009-08-04 | 0.290 | 2.216 |
| 2009-06-09 | 0.280 | 2.378 |
| 2009-03-20 | 0.280 | 2.579 |
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 increased over the past 10 years.
Income/ dividend checks
We assess Saputo's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Saputo afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Saputo has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
SAP Management
CEO
| COMPENSATION | CA$3,969,680 |
| AGE | 51 |
| TENURE AS CEO | 15 years |
CEO Bio
Mr. Lino A. Saputo, Jr., has been Chief Executive Officer of Saputo Inc. since March 2004 and has been its Chairman of the Board since August 2017 and Director since 2001. Mr. Saputo has been a Director of National Bank of Canada since April 2012. He joined Saputo in 1988 as Administrative Assistant and in 1993, he became Vice President, Operations and in 1998, Executive Vice President, Operations. From July 2001 to January 2004, he was President and Chief Operating Officer of Saputo’s Dairy Products Division (USA). He served as Vice-Chairman of the board of directors of Saputo Inc. from 2011 to 2017. He served as Director of Transcontinental Inc. from 2008 to March 2017. He is involved with a number of charitable organizations, and in 2011 he co-founded the Amelia & Lino Saputo Jr. Foundation. He has been Co-chair of the Campaign for Concordia since November 2017. He holds a Bachelor’s degree in Political Science from Concordia University.
CEO Compensation
- Lino's compensation has been consistent with company performance over the past year.
- Lino's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure
Average tenure and age of the Saputo management team in years:
- The tenure for the Saputo management team is about average.
Management Team
Lino Saputo
Chairman & CEO
CA$4M
51
15 yrs
Kai Bockmann
President
CA$5M
1.9 yrs
Maxime Therrien
CFO & Secretary
CA$2M
1.6 yrs
Paul Corney
President & COO of Dairy Foods Division - USA
CA$4M
4.9 yrs
Terry Brockman
President & COO of Cheese Division - USA
CA$4M
12.9 yrs
Louis-Philippe Carrière
Senior Advisor & Corporate Director
CA$4M
57
1.6 yrs
Marlene Robillard
Director of Communications & Public Relations
Isabelle Viger
Senior Vice President of Legal Affairs
Gaétane Wagner
Chief Human Resources Officer
CA$691K
59
4.2 yrs
Martin Gagnon
Executive Vice President of Mergers and Acquisitions
3.2 yrs
Board of Directors Tenure
Average tenure and age of the Saputo board of directors in years:
- The tenure for the Saputo board of directors is about average.
Board of Directors
Anthony Fata
Lead Director
CA$340K
51
Lino Saputo
Chairman & CEO
CA$4M
51
1.6 yrs
Tony Meti
Independent Director
CA$315K
63
11.2 yrs
Louis-Philippe Carrière
Senior Advisor & Corporate Director
CA$4M
57
1.6 yrs
Henry Demone
Independent Director
CA$260K
64
6.7 yrs
Annalisa King
Independent Director
CA$260K
51
6.7 yrs
Annette Verschuren
Independent Director
CA$260K
62
5.6 yrs
Karen Kinsley
Independent Director
CA$260K
61
3.3 yrs
Diane Nyisztor
Independent Director
CA$260K
51
2.6 yrs
Franziska Ruf
Independent Director
CA$260K
55
2.6 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Saputo insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (CA$) | Value (CA$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 26. Feb 19 | Buy | Gaétane Wagner | Individual | 26. Feb 19 | 26. Feb 19 | 4,663 | CA$42.99 | CA$200,166 | ||
| 26. Nov 18 | Buy | Gaétane Wagner | Individual | 23. Nov 18 | 23. Nov 18 | 1,260 | CA$39.66 | CA$49,915 | ||
| 14. Nov 18 | Buy | Diane Nyisztor | Individual | 13. Nov 18 | 13. Nov 18 | 1,000 | CA$39.01 | CA$39,009 | ||
| 08. Nov 18 | Buy | Paul Corney | Individual | 07. Nov 18 | 07. Nov 18 | 5,000 | CA$38.67 | CA$192,717 | ||
| 21. Aug 18 | Buy | Haig Poutchigian | Individual | 20. Aug 18 | 20. Aug 18 | 1,075 | CA$41.80 | CA$44,918 | ||
| 13. Aug 18 | Buy | Carl Colizza | Individual | 10. Aug 18 | 10. Aug 18 | 1,243 | CA$40.92 | CA$50,861 | ||
Management checks
We assess Saputo's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Saputo 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.
SAP News
Simply Wall St News
What Kind Of Shareholders Own Saputo Inc. (TSE:SAP)?
Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that have been privatized tend to have low insider ownership. … We'd expect to see both institutions and retail investors owning a portion of the company.
Simply Wall St - – Full articleIs Saputo Inc.’s (TSE:SAP) Cash Outlook Optimistic?
(TSE:SAP) is, how it makes money and how it spends its cash. … Today we will examine Saputo’s ability to generate cash flows, as well as the level of capital expenditure it is expected to incur over the next couple of years, which will result in how much money goes to you. … Saputo’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure
Simply Wall St - – Full articleWas Saputo Inc.'s (TSE:SAP) Earnings Decline Part Of A Broader Industry Downturn?
Below, I will assess SAP's latest performance announced on 31 December 2018 and weigh these figures against its longer term trend and industry movements. … SAP's trailing twelve-month earnings (from 31 December 2018) of CA$761m has … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 9.5%, indicating the rate at which SAP is growing has slowed down
Simply Wall St - – Full articleWhy Saputo Inc.’s (TSE:SAP) Return On Capital Employed Looks Uninspiring
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleAre Saputo Inc.'s (TSE:SAP) Interest Costs Too High?
(TSE:SAP), a large-cap worth CA$15b, comes to mind for investors seeking a strong and reliable stock investment. … Market participants who are conscious of risk tend to search for large firms, attracted by the prospect of varied revenue sources and strong returns on capital. … Today we will look at Saputo’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth.
Simply Wall St - – Full articleHere's What Saputo Inc.'s (TSE:SAP) P/E Is Telling Us
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at Saputo Inc.'s (TSE:SAP) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleA Look At The Fair Value Of Saputo Inc. (TSE:SAP)
In this article I am going to calculate the intrinsic value of Saputo Inc. … by taking the expected future cash flows and discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model
Simply Wall St - – Full articleSaputo Inc (TSE:SAP) Insiders Increased Their Holdings
We often see insiders buying up shares in companies that perform well over the long term. … So before you buy or sell Saputo Inc (TSE:SAP), you may well want to know whether insiders have been buying or selling. … In any event it's generally a positive if insiders are buying shares at around the current price.
Simply Wall St - – Full articleSaputo Inc (TSE:SAP): Ex-Dividend Is In 4 Days
If you are interested in cashing in on Saputo Inc's (TSE:SAP) upcoming dividend of CA$0.17 per share, you only have 4 days left to buy the shares before its ex-dividend date, 03 December 2018, in time for dividends payable on the 14 December 2018. … 5 checks you should use to assess a dividend stock? … If you are a dividend investor, you should always assess these five key metrics:?
Simply Wall St - – Full articleShould You Be Impressed By Saputo Inc's (TSE:SAP) ROE?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … One way to conceptualize this, is that for each CA$1 of shareholders' equity it has, the company made CA$0.16 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleSAP Company Info
Description
Saputo Inc. produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and internationally. It offers cheese products, including mozzarella and cheddar; specialty cheese, such as ricotta, provolone, parmesan, goat cheese, feta, and havarti; fine cheese, such as brie and camembert; other cheese, including brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheese; and butter. The company also provides fluid milk, cream, yogurt, sour cream, cottage cheese, and ice cream mixes, as well as other dairy and non-dairy products, including flavored creams, dips, and coffee whiteners. In addition, it offers dairy ingredients, including milk powder, whey powder, lactose, and whey protein concentrates; and distributes fine imported cheese to specialty stores, as well as non-dairy products manufactured by third parties. It serves customers in the retail, foodservice, and industrial segments. The company sells its products under the Saputo, Alexis de Portneuf, Armstrong, COON, Cracker Barrel, Dairyland, DairyStar, Devondale, Friendship Dairies, Frigo Cheese Heads, La Paulina, Milk2Go/Lait’s Go, Montchevre, Murray Goulburn Ingredients, Neilson, Nutrilait, Scotsburn, Stella, Sungold, Treasure Cave, and Woolwich Dairy brands. Saputo Inc. was founded in 1954 and is headquartered in Montreal, Canada.
Details
| Name: | Saputo Inc. |
| SAP | |
| Exchange: | TSX |
| Founded: | 1954 |
| CA$17,248,673,932 | |
| 389,448,497 | |
| Website: | http://www.saputo.com |
| Address: |
Saputo Inc. 6869, Metropolitain Boulevard East, Montreal, Quebec, H1P 1X8, Canada |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| TSX | SAP | Common Shares | The Toronto Stock Exchange | CA | CAD | 06. Oct 1997 | |
| OTCPK | SAPI.F | Common Shares | Pink Sheets LLC | US | USD | 06. Oct 1997 | |
| DB | SB7 | Common Shares | Deutsche Boerse AG | DE | EUR | 06. Oct 1997 |
Number of employees
Current staff
Industry
| Packaged Foods and Meats | |
| Food, Beverage & Tobacco |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/19 23:42 |
| End of day share price update: | 2019/03/19 00:00 |
| Last estimates confirmation: | 2019/03/01 |
| Last earnings filing: | 2019/02/07 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/03/31 |
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.
