Cascades Inc. produces, converts, and markets packaging and tissue products in Canada, the United States, Italy, and internationally.
Proven track record average dividend payer.
Share Price & News
How has Cascades's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CAS's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: CAS exceeded the Canadian Packaging industry which returned -17.3% over the past year.
Return vs Market: CAS exceeded the Canadian Market which returned -11.4% over the past year.
Price Volatility Vs. Market
How volatile is Cascades's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StCan We See Significant Insider Ownership On The Cascades Inc. (TSE:CAS) Share Register?
2 weeks ago | Simply Wall StIs Cascades (TSE:CAS) A Risky Investment?
4 weeks ago | Simply Wall StA Look At The Fair Value Of Cascades Inc. (TSE:CAS)
Is Cascades undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CAS (CA$14.12) is trading above our estimate of fair value (CA$13.58)
Significantly Below Fair Value: CAS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CAS is poor value based on its PE Ratio (19.8x) compared to the Packaging industry average (15x).
PE vs Market: CAS is poor value based on its PE Ratio (19.8x) compared to the Canadian market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CAS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CAS is good value based on its PB Ratio (0.9x) compared to the CA Packaging industry average (1.5x).
How is Cascades forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if CAS's forecast earnings growth is above the savings rate (1.7%).
Earnings vs Market: Insufficient data to determine if CAS'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: CAS's revenue (0.6% per year) is forecast to grow slower than the Canadian market (5.9% per year).
High Growth Revenue: CAS's revenue (0.6% 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 CAS's Return on Equity is forecast to be high in 3 years time
How has Cascades performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CAS has a large one-off loss of CA$73.0M impacting its March 31 2020 financial results.
Growing Profit Margin: CAS's current net profit margins (1.3%) are higher than last year (0.4%).
Past Earnings Growth Analysis
Earnings Trend: CAS has become profitable over the past 5 years, growing earnings by 16.6% per year.
Accelerating Growth: CAS's earnings growth over the past year (233.9%) exceeds its 5-year average (16.6% per year).
Earnings vs Industry: CAS earnings growth over the past year (233.9%) exceeded the Packaging industry 34.7%.
Return on Equity
High ROE: CAS's Return on Equity (5.6%) is considered low.
How is Cascades's financial position?
Financial Position Analysis
Short Term Liabilities: CAS's short term assets (CA$1.5B) exceed its short term liabilities (CA$1.0B).
Long Term Liabilities: CAS's short term assets (CA$1.5B) do not cover its long term liabilities (CA$2.7B).
Debt to Equity History and Analysis
Debt Level: CAS's debt to equity ratio (124.8%) is considered high.
Reducing Debt: CAS's debt to equity ratio has reduced from 176.2% to 124.8% over the past 5 years.
Debt Coverage: CAS's debt is well covered by operating cash flow (24.3%).
Interest Coverage: CAS's interest payments on its debt are not well covered by EBIT (3x coverage).
What is Cascades's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CAS's dividend (2.27%) is higher than the bottom 25% of dividend payers in the Canadian market (2.04%).
High Dividend: CAS's dividend (2.27%) is low compared to the top 25% of dividend payers in the Canadian market (6.51%).
Stability and Growth of Payments
Stable Dividend: CAS's dividends per share have been stable in the past 10 years.
Growing Dividend: CAS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (39.3%), CAS's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mario Plourde (58yo)
Mr. Mario Plourde has been the Chief Executive Officer and President of Cascades, Inc., since May 9, 2013. Mr. Plourde has been Director at Cascades Inc. since November 06, 2014. Mr. Plourde served as the ...
CEO Compensation Analysis
Compensation vs Market: Mario's total compensation ($USD3.27M) is above average for companies of similar size in the Canadian market ($USD1.73M).
Compensation vs Earnings: Mario's compensation has been consistent with company performance over the past year.
|VP & CFO||10.08yrs||CA$1.38m||0.094% CA$1.2m|
|President & COO of the Cascades Specialty Products Group||9.08yrs||CA$1.38m||0.048% CA$641.5k|
|President & COO of Containerboard Packaging Group||no data||CA$1.34m||0.088% CA$1.2m|
|Chief Supply Chain & Information Officer||10.42yrs||no data||0.019% CA$258.4k|
|Director of Investor Relations||no data||no data||no data|
|Chief of Strategy||4.42yrs||CA$1.02m||0.24% CA$3.3m|
|Vice-President of Communications||7.42yrs||no data||0.0081% CA$107.4k|
|Chief Human Resources Officer||4.42yrs||no data||0.027% CA$355.0k|
|Chief Experience Officer||no data||no data||0.0068% CA$90.6k|
Experienced Management: CAS's management team is seasoned and experienced (7.4 years average tenure).
|Independent Director||10.08yrs||CA$143.50k||no data|
|Lead Director||no data||CA$136.75k||0.0095% CA$127.1k|
|Independent Director||7.08yrs||CA$122.75k||no data|
|Co-Founder & Executive Chairman||7.08yrs||CA$1.24m||5.57% CA$74.2m|
|Independent Director||24.42yrs||CA$98.50k||0.0053% CA$70.9k|
|Non-Independent Director||21.42yrs||CA$120.25k||0.13% CA$1.8m|
|Independent Director||7.08yrs||CA$122.75k||0.0042% CA$56.5k|
|Independent Director||3.92yrs||CA$119.50k||0.022% CA$299.2k|
|Independent Director||9.42yrs||CA$120.25k||0.0021% CA$28.3k|
Experienced Board: CAS's board of directors are considered experienced (7.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CAS insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Cascades Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Cascades Inc.
- Ticker: CAS
- Exchange: TSX
- Founded: 1964
- Industry: Paper Packaging
- Sector: Materials
- Market Cap: CA$1.333b
- Shares outstanding: 94.37m
- Website: https://www.cascades.com
Number of Employees
- Cascades Inc.
- 404 Marie-Victorin Boulevard
- PO Box 30
- Kingsey Falls
- J0A 1B0
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CAS||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Oct 1984|
|CS6||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Oct 1984|
|CADN.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Oct 1984|
Cascades Inc. produces, converts, and markets packaging and tissue products in Canada, the United States, Italy, and internationally. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It provides containerboards, and coated recycled and virgin boxboards, as well as converts corrugated products. The company also offers uncoated recycled paperboards for use in packaging converters and industrial users of headers and wrappers for the paper industry, as well as partitions that are used as protective packaging; honeycomb paperboards for the beer, wine, and spirits industry; laminated paperboards for food packaging and furniture backing industries; and specialty containers, structural components, and paperboard and fiber composites. In addition, it provides egg filler flats and egg cartons for egg processors and four-cup carriers for the quick-service restaurant industry; polystyrene foam trays for processors and retailers in the food industry; rigid plastic packaging products for food processors and retailers; and flexible films for frozen foods, bakery, and ice industries. Further, the company offers bathroom and facial tissues, paper towels, paper hand towels and napkins, and other related products and services under the Cascades PRO Signature, Cascades PRO Perform, Cascades PRO Select, Cascades PRO Tandem, and Cascades PRO Tuff-Job brands; and under the Cascades Fluff, Cascades Tuff, April Soft, Best Value, and Optima labels, as well as private labels and other secondary marks. Additionally, it offers services to recover and process discarded materials for the municipal, industrial, commercial, and institutional sectors. The company sells its products through own sales force and external representatives. Cascades Inc. was founded in 1964 and is headquartered in Kingsey Falls, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/01 10:19|
|End of Day Share Price||2020/05/29 00:00|
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.