CCL Industries Inc. manufactures and sells labels, containers, consumer printable media products, technology driven label solutions, polymer bank note substrates, and specialty films.
Average dividend payer with acceptable track record.
Share Price & News
How has CCL Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CCL.B's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: CCL.B underperformed the Canadian Packaging industry which returned -10.7% over the past year.
Return vs Market: CCL.B underperformed the Canadian Market which returned 4.7% over the past year.
Price Volatility Vs. Market
How volatile is CCL Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StDon't Sell CCL Industries Inc. (TSE:CCL.B) Before You Read This
3 weeks ago | Simply Wall StWhat To Know Before Buying CCL Industries Inc. (TSE:CCL.B) For Its Dividend
1 month ago | Simply Wall StIs CCL Industries Inc. (TSE:CCL.B) Overpaying Its CEO?
Is CCL Industries undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CCL.B (CA$47.35) is trading below our estimate of fair value (CA$54.03)
Significantly Below Fair Value: CCL.B is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CCL.B is good value based on its PE Ratio (17.3x) compared to the Packaging industry average (18.3x).
PE vs Market: CCL.B is poor value based on its PE Ratio (17.3x) compared to the Canadian market (16.2x).
Price to Earnings Growth Ratio
PEG Ratio: CCL.B is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: CCL.B is overvalued based on its PB Ratio (3x) compared to the CA Packaging industry average (1.7x).
How is CCL Industries forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CCL.B's forecast earnings growth (10.4% per year) is above the savings rate (1.4%).
Earnings vs Market: CCL.B's earnings (10.4% per year) are forecast to grow slower than the Canadian market (10.9% per year).
High Growth Earnings: CCL.B's earnings are forecast to grow, but not significantly.
Revenue vs Market: CCL.B's revenue (0.9% per year) is forecast to grow slower than the Canadian market (4.7% per year).
High Growth Revenue: CCL.B's revenue (0.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CCL.B's Return on Equity is forecast to be low in 3 years time (15.4%).
How has CCL Industries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CCL.B has high quality earnings.
Growing Profit Margin: CCL.B's current net profit margins (9%) are lower than last year (9%).
Past Earnings Growth Analysis
Earnings Trend: CCL.B's earnings have grown by 15.9% per year over the past 5 years.
Accelerating Growth: CCL.B's earnings growth over the past year (2.2%) is below its 5-year average (15.9% per year).
Earnings vs Industry: CCL.B earnings growth over the past year (2.2%) exceeded the Packaging industry -17.9%.
Return on Equity
High ROE: CCL.B's Return on Equity (16.5%) is considered low.
Return on Assets
Return on Capital Employed
How is CCL Industries's financial position?
Financial Position Analysis
Short Term Liabilities: CCL.B's short term assets (CA$2.1B) exceed its short term liabilities (CA$1.1B).
Long Term Liabilities: CCL.B's short term assets (CA$2.1B) do not cover its long term liabilities (CA$3.0B).
Debt to Equity History and Analysis
Debt Level: CCL.B's debt to equity ratio (79.3%) is considered high.
Reducing Debt: CCL.B's debt to equity ratio has increased from 53.7% to 79.3% over the past 5 years.
Debt Coverage: CCL.B's debt is well covered by operating cash flow (33.9%).
Interest Coverage: CCL.B's interest payments on its debt are well covered by EBIT (7.9x coverage).
Inventory Level: CCL.B has a high level of physical assets or inventory.
Debt Coverage by Assets: CCL.B's debt is not covered by short term assets (assets are 0.9x debt).
What is CCL Industries's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CCL.B's dividend (1.44%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (2.01%).
High Dividend: CCL.B's dividend (1.44%) is low compared to the top 25% of dividend payers in the Canadian market (5.38%).
Stability and Growth of Payments
Stable Dividend: CCL.B's dividends per share have been stable in the past 10 years.
Growing Dividend: CCL.B's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (23.4%), CCL.B's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CCL.B's dividends in 3 years are forecast to be well covered by earnings (24.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Geoffrey Martin (64yo)
Mr. Geoffrey T. Martin has been the Principal Executive Officer of Checkpoint Systems Inc. since May 13, 2016. Mr. Martin has been the President of CCL Industries Inc. since May 17, 2005 and has been its C ...
CEO Compensation Analysis
Compensation vs Market: Geoffrey's total compensation ($USD3.74M) is about average for companies of similar size in the Canadian market ($USD3.73M).
Compensation vs Earnings: Geoffrey's compensation has been consistent with company performance over the past year.
|Executive Chairman||11.8yrs||CA$1.01m||0.00042% CA$35.5k|
|Senior VP & CFO||8.3yrs||CA$3.04m||0.029% CA$2.5m|
|Senior Vice President of Finance||0yrs||CA$3.49m||0.060% CA$5.1m|
|President of Home & Personal Care Worldwide||8.3yrs||CA$3.98m||no data|
|President of Food & Beverage||3.9yrs||CA$3.65m||0.039% CA$3.3m|
|President of Checkpoint Worldwide||3.1yrs||CA$2.70m||0.0081% CA$686.7k|
|Vice President of Corporate Accounting||0yrs||no data||0.00070% CA$59.2k|
|VP & General Counsel||5.6yrs||no data||0.0031% CA$265.5k|
|VP & MD of CCL Industries - Central America||0yrs||no data||0.035% CA$3.0m|
Experienced Management: CCL.B's management team is seasoned and experienced (6.9 years average tenure).
|Executive Chairman||11.8yrs||CA$1.01m||0.00042% CA$35.5k|
|Independent Director||3.2yrs||CA$162.17k||0.0011% CA$94.7k|
|Independent Director||0.8yrs||CA$61.62k||0.14% CA$11.6m|
|Independent Director||16.7yrs||CA$259.58k||0.0056% CA$473.6k|
|Independent Director||3.3yrs||CA$167.89k||no data|
|Non-Independent Director||28.8yrs||CA$162.27k||0.066% CA$5.6m|
|Independent Director||5.7yrs||CA$172.71k||no data|
|Non-Executive Lead Director||0yrs||CA$192.75k||0.0018% CA$153.9k|
|Non-Independent Director||3.2yrs||CA$150.09k||no data|
Experienced Board: CCL.B's board of directors are considered experienced (5.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CCL.B insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
CCL Industries Inc.'s company bio, employee growth, exchange listings and data sources
- Name: CCL Industries Inc.
- Ticker: CCL.B
- Exchange: TSX
- Founded: 1951
- Industry: Metal and Glass Containers
- Sector: Materials
- Market Cap: CA$8.457b
- Shares outstanding: 178.63m
- Website: https://www.cclind.com
Number of Employees
- CCL Industries Inc.
- 111 Gordon Baker Road
- Suite 801
- M2H 3R1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CCL.A||TSX (The Toronto Stock Exchange)||Class A Voting Shares||CA||CAD||Jul 1983|
|CCL.B||TSX (The Toronto Stock Exchange)||Yes||Class B Non-Voting Shares||CA||CAD||Jul 1983|
|CCDB.F||OTCPK (Pink Sheets LLC)||Yes||Class B Non-Voting Shares||US||USD||Jul 1983|
|1C9||DB (Deutsche Boerse AG)||Yes||Class B Non-Voting Shares||DE||EUR||Jul 1983|
|CCLL.F||OTCPK (Pink Sheets LLC)||Class A Voting Shares||US||USD||Jul 1983|
CCL Industries Inc. manufactures and sells labels, containers, consumer printable media products, technology driven label solutions, polymer bank note substrates, and specialty films. The company operates through four segments: CCL, Avery, Checkpoint, and Innovia. The CCL segment offers pressure sensitive and specialty extruded film materials for decorative, instructional, functional, and security applications in the consumer packaging, healthcare, chemicals, consumer electronic device, and automotive markets. This segment also provides extruded and laminated plastic tubes, aluminum aerosols and specialty bottles, folded instructional leaflets, precision decorated and die cut components, electronic displays, and other complementary products and services. The Avery segment offers printable media products, including address labels, shipping labels, marketing and product identification labels, business cards, and name badges supported by customized software solutions; and organizational products, such as binders, sheet protectors, indexes and dividers, and writing instruments. This segment also provides direct to consumer digitally imaged media products, such as labels, business cards, name badges, and family oriented identification labels supported by unique Web-enabled e-commerce URLs. The Checkpoint segment provides technology-driven, loss-prevention, inventory management, and labelling solutions, including radio frequency and radio-frequency identification solutions to retail and apparel industries. The Innovia segment offers specialty, high-performance, multi-layer, and surface engineered biaxially oriented polypropylene films for pressure sensitive label materials, flexible packaging, and consumer packaged goods industries. The company operates in Canada, the United States, Puerto Rico, Mexico, Brazil, Chile, Argentina, Europe, Asia, Australia, Africa, and New Zealand. CCL Industries Inc. was founded in 1951 and is headquartered in Toronto, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 00:01|
|End of Day Share Price||2020/02/21 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.