Saputo Inc.

TSX:SAP Stock Report

Market Cap: CA$10.5b

Saputo Valuation

Is SAP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: SAP (CA$24.74) is trading below our estimate of fair value (CA$37.8)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SAP?

Key metric: As SAP is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SAP. This is calculated by dividing SAP's market cap by their current earnings.
What is SAP's PE Ratio?
PE Ratio44.4x
EarningsCA$236.00m
Market CapCA$10.53b

Price to Earnings Ratio vs Peers

How does SAP's PE Ratio compare to its peers?

The above table shows the PE ratio for SAP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.2x
PBH Premium Brands Holdings
35.4x48.9%CA$3.5b
MFI Maple Leaf Foods
72xn/aCA$2.5b
LAS.A Lassonde Industries
11.4x17.4%CA$1.2b
RSI Rogers Sugar
14xn/aCA$760.7m
SAP Saputo
44.4x20.5%CA$10.5b

Price-To-Earnings vs Peers: SAP is expensive based on its Price-To-Earnings Ratio (44.4x) compared to the peer average (33.2x).

Price to Earnings Ratio vs Industry

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

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SAP 44.4xIndustry Avg. 19.7xNo. of Companies8PE01224364860+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SAP is expensive based on its Price-To-Earnings Ratio (44.4x) compared to the North American Food industry average (20x).

Price to Earnings Ratio vs Fair Ratio

What is SAP'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.

SAP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio44.4x
Fair PE Ratio27.7x

Price-To-Earnings vs Fair Ratio: SAP is expensive based on its Price-To-Earnings Ratio (44.4x) compared to the estimated Fair Price-To-Earnings Ratio (27.7x).

Analyst Price Targets

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

The above table shows the analyst SAP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$24.74
CA$31.75
+28.3%
12.8%CA$38.00CA$25.00n/a10
Dec ’25CA$26.10
CA$32.15
+23.2%
13.2%CA$38.00CA$25.00n/a10
Nov ’25CA$26.86
CA$33.05
+23.0%
13.2%CA$38.00CA$24.50n/a10
Oct ’25CA$29.27
CA$33.65
+15.0%
13.0%CA$39.00CA$24.50n/a10
Sep ’25CA$29.97
CA$33.65
+12.3%
13.0%CA$39.00CA$24.50n/a10
Aug ’25CA$31.57
CA$34.05
+7.9%
12.8%CA$39.00CA$24.50n/a10
Jul ’25CA$30.72
CA$33.75
+9.9%
12.7%CA$39.00CA$24.50n/a10
Jun ’25CA$27.58
CA$31.85
+15.5%
12.9%CA$36.00CA$24.50n/a10
May ’25CA$26.35
CA$31.91
+21.1%
12.3%CA$36.00CA$24.50n/a11
Apr ’25CA$26.48
CA$31.91
+20.5%
12.3%CA$36.00CA$24.50n/a11
Mar ’25CA$27.18
CA$31.91
+17.4%
12.3%CA$36.00CA$24.50n/a11
Feb ’25CA$28.57
CA$32.50
+13.8%
13.0%CA$40.00CA$25.00n/a11
Jan ’25CA$26.83
CA$33.05
+23.2%
15.1%CA$40.00CA$25.00n/a10
Dec ’24CA$26.46
CA$33.05
+24.9%
15.1%CA$40.00CA$25.00CA$26.1010
Nov ’24CA$28.36
CA$34.55
+21.8%
14.5%CA$42.00CA$25.50CA$26.8610
Oct ’24CA$28.40
CA$34.55
+21.7%
14.5%CA$42.00CA$25.50CA$29.2710
Sep ’24CA$29.45
CA$34.55
+17.3%
14.5%CA$42.00CA$25.50CA$29.9710
Aug ’24CA$27.71
CA$35.53
+28.2%
12.5%CA$42.00CA$26.30CA$31.5710
Jul ’24CA$29.68
CA$36.28
+22.2%
11.7%CA$42.00CA$26.50CA$30.729
Jun ’24CA$34.56
CA$40.83
+18.2%
13.9%CA$46.00CA$26.50CA$27.589
May ’24CA$34.65
CA$40.72
+17.5%
13.7%CA$46.00CA$26.50CA$26.359
Apr ’24CA$34.97
CA$40.72
+16.4%
13.7%CA$46.00CA$26.50CA$26.489
Mar ’24CA$36.58
CA$40.67
+11.2%
14.1%CA$46.00CA$26.00CA$27.189
Feb ’24CA$36.32
CA$38.67
+6.5%
12.9%CA$44.00CA$26.00CA$28.579
Jan ’24CA$33.52
CA$38.17
+13.9%
12.9%CA$44.00CA$25.50CA$26.839
Dec ’23CA$33.19
CA$38.17
+15.0%
12.9%CA$44.00CA$25.50CA$26.469

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 00:07
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Saputo Inc. is covered by 19 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jim MarroneAccountability Research Corporation
Tamy ChenBMO Capital Markets Equity Research
Candice WilliamsCanaccord Genuity