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CCL Industries Inc.TSX:CCL.B Stock Report

Market Cap CA$14.9b
Share Price
CA$86.54
CA$101.2
14.5% undervalued intrinsic discount
1Y10.6%
7D2.5%
Portfolio Value
View

CCL Industries Inc.

TSX:CCL.B Stock Report

Market Cap: CA$14.9b

CCL Industries (CCL.B) Stock Overview

Manufactures and sells labels, consumer printable media products, technology-driven label solutions, polymer banknote substrates, and specialty films. More details

CCL.B fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance2/6
Financial Health6/6
Dividends5/6

CCL.B Community Fair Values

Create Narrative

See what 20 others think this stock is worth. Follow their fair value or set your own to get alerts.

CCL Industries Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for CCL Industries
Historical stock prices
Current Share PriceCA$86.54
52 Week HighCA$95.00
52 Week LowCA$74.69
Beta0.63
1 Month Change-1.04%
3 Month Change0.23%
1 Year Change10.64%
3 Year Change22.44%
5 Year Change27.89%
Change since IPO6,823.20%

Recent News & Updates

Narrative Update Apr 26

CCL.B: Higher Price Assumptions And Dividend Support Will Shape Future Upside

Analysts have nudged the CCL Industries fair value estimate to CA$101.20 from CA$101.10, as modest adjustments to revenue growth and profit margin assumptions, alongside Street price target moves into the CA$98 to CA$102 range, refine the overall outlook on the shares. Analyst Commentary Recent Street research around CCL Industries clusters in a fairly tight target range of CA$98 to CA$102, which sits close to the updated fair value estimate of CA$101.20.
Narrative Update Apr 12

CCL.B: Higher Price Assumptions And Dividend Support Will Drive Future Upside Potential

Analyst price targets for CCL Industries have been revised modestly higher into a CA$98 to CA$102 range, as analysts highlight their updated views on the company that include both target increases and a recent downgrade in rating. Analyst Commentary Recent research updates give a mixed but generally constructive picture on CCL Industries, with several price targets now clustered in the CA$98 to CA$102 range alongside a rating downgrade that tempers the overall message.

Recent updates

Narrative Update Apr 26

CCL.B: Higher Price Assumptions And Dividend Support Will Shape Future Upside

Analysts have nudged the CCL Industries fair value estimate to CA$101.20 from CA$101.10, as modest adjustments to revenue growth and profit margin assumptions, alongside Street price target moves into the CA$98 to CA$102 range, refine the overall outlook on the shares. Analyst Commentary Recent Street research around CCL Industries clusters in a fairly tight target range of CA$98 to CA$102, which sits close to the updated fair value estimate of CA$101.20.
Narrative Update Apr 12

CCL.B: Higher Price Assumptions And Dividend Support Will Drive Future Upside Potential

Analyst price targets for CCL Industries have been revised modestly higher into a CA$98 to CA$102 range, as analysts highlight their updated views on the company that include both target increases and a recent downgrade in rating. Analyst Commentary Recent research updates give a mixed but generally constructive picture on CCL Industries, with several price targets now clustered in the CA$98 to CA$102 range alongside a rating downgrade that tempers the overall message.
Narrative Update Mar 28

CCL.B: Higher Price Assumptions And Dividend Support Will Shape Future Upside Potential

CCL Industries' analyst price target edges higher to CA$101.10 from CA$100.90, reflecting modest tweaks to growth and margin assumptions, alongside recent Street target moves to a range of CA$98 to CA$102. Analyst Commentary Street research on CCL Industries points to a slightly more supportive stance on valuation, with several firms adjusting their targets into a tighter CA$98 to CA$102 range while maintaining broadly constructive ratings.
Narrative Update Mar 14

CCL.B: Higher Price Assumptions And Dividend Support Will Shape Upside Potential

Analysts have inched their consolidated CCL Industries price target higher by about CA$0.10 to just under CA$101, reflecting small model tweaks to fair value, discount rate and forward P/E assumptions after recent target lifts from several Canadian banks alongside a downgrade from one firm. Analyst Commentary Recent research points to a mixed but generally constructive stance on CCL Industries, with several firms adjusting price targets and one downgrade tempering the tone.
Narrative Update Feb 28

CCL.B: Refreshed Outlook And Completed Buyback Will Shape Balanced Return Potential

Narrative update Analysts have lifted their blended price target on CCL Industries to CA$100.80 from CA$97.91, citing refreshed models that incorporate updated assumptions for fair value, discount rate, revenue growth, profit margins and future P/E, alongside recent target increases from CIBC, Scotiabank and RBC Capital. Analyst Commentary Recent research updates on CCL Industries point to a cluster of higher price targets, but with different levels of conviction on how much upside is left and how execution risk should be viewed.
Narrative Update Feb 09

CCL.B: Recent Buyback And Higher Street Conviction Will Support Future Upside

The updated analyst price target for CCL Industries edges up to about C$98 from roughly C$97.80, as analysts factor in research that includes higher targets in the C$94 to C$103 range, along with modest tweaks to fair value, discount rate, revenue growth, profit margin and future P/E assumptions. Analyst Commentary Recent research on CCL Industries points to a mix of optimism and caution, with several firms revising their price targets in the C$94 to C$103 range and at least one downgrade balancing the tone.
Narrative Update Jan 25

CCL.B: Higher Street Conviction And Buyback Activity Will Support Upside Potential

We are nudging our analyst price target for CCL Industries up from C$97.30 to C$97.80. This reflects the recent series of higher Street targets from CIBC, Stifel, RBC Capital and TD Securities, as analysts factor in updated assumptions on growth, margins and P/E multiples.
Analysis Article Jan 11

Is CCL Industries (TSE:CCL.B) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Narrative Update Jan 11

CCL.B: Higher Street Conviction And Completed Buyback Will Shape Steady Share Outlook

Analysts have lifted their average price target on CCL Industries to about C$99, up from around C$93. This reflects a series of recent target increases across the Street, while key model inputs such as fair value and growth assumptions remain broadly unchanged.
Analysis Article Dec 30

CCL Industries (TSE:CCL.B) Ticks All The Boxes When It Comes To Earnings Growth

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Narrative Update Dec 15

CCL.B: Rising Street Optimism And Buybacks Will Support Stronger Share Momentum

CCL Industries' analyst fair value estimate has inched up to approximately C$97.30 from about C$97.20, as analysts factor in a series of higher Street price targets in the C$94 to C$103 range and modestly stronger expectations for revenue growth and profitability. Analyst Commentary Bullish analysts have recently raised their price targets into the mid C$90s to low C$100s.
Analysis Article Dec 07

CCL Industries Inc.'s (TSE:CCL.B) Business Is Yet to Catch Up With Its Share Price

It's not a stretch to say that CCL Industries Inc.'s ( TSE:CCL.B ) price-to-earnings (or "P/E") ratio of 17.7x right...
Narrative Update Nov 30

CCL.B: Recent Share Buyback And Ratings Upgrades Will Drive Stronger Momentum

CCL Industries' analyst price target has increased from C$96.30 to C$97.20. This change reflects analysts' improved outlook based on upward revisions to peer research price targets and supporting valuation metrics.
Analysis Article Nov 25

Investors Met With Slowing Returns on Capital At CCL Industries (TSE:CCL.B)

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...
Narrative Update Nov 16

CCL.B: Share Buyback And Strong Execution Will Support Balanced Outlook

CCL Industries' analyst price target has increased from C$92.70 to C$96.30. This reflects analysts' improved outlook, supported by multiple research firms raising their targets based on ongoing performance trends.
Analysis Article Oct 28

CCL Industries Inc. (TSE:CCL.B) Shares Could Be 43% Below Their Intrinsic Value Estimate

Key Insights Using the 2 Stage Free Cash Flow to Equity, CCL Industries fair value estimate is CA$141 CCL Industries is...
Analysis Article Sep 19

These 4 Measures Indicate That CCL Industries (TSE:CCL.B) Is Using Debt Reasonably Well

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Sep 06

Some Confidence Is Lacking In CCL Industries Inc.'s (TSE:CCL.B) P/E

With a median price-to-earnings (or "P/E") ratio of close to 16x in Canada, you could be forgiven for feeling...
Narrative Update Sep 04

RFID And Sustainable Packaging Will Drive Market Expansion

With both the discount rate and net profit margin for CCL Industries remaining steady, there has been no change to the consensus analyst price target, which remains at CA$92.70. What's in the News No shares repurchased under the buyback announced on May 22, 2025.
Analysis Article Jul 30

CCL Industries (TSE:CCL.B) Has More To Do To Multiply In Value Going Forward

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article Jul 18

With EPS Growth And More, CCL Industries (TSE:CCL.B) Makes An Interesting Case

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article Jun 10

CCL Industries' (TSE:CCL.B) Dividend Will Be CA$0.32

The board of CCL Industries Inc. ( TSE:CCL.B ) has announced that it will pay a dividend of CA$0.32 per share on the...
Analysis Article May 27

CCL Industries (TSE:CCL.B) Has Announced A Dividend Of CA$0.32

CCL Industries Inc.'s ( TSE:CCL.B ) investors are due to receive a payment of CA$0.32 per share on 27th of June...
User avatar
New Narrative Nov 20

Synergistic Expansions And RFID Innovations Propel Future Growth Amidst Global Challenges

Strategic acquisitions and capacity expansions, such as in Spain and Bangladesh, position CCL Industries for revenue growth by tapping into key markets and synergies.

Shareholder Returns

CCL.BCA PackagingCA Market
7D2.5%1.4%-0.5%
1Y10.6%0.1%32.3%

Return vs Industry: CCL.B exceeded the Canadian Packaging industry which returned 0.1% over the past year.

Return vs Market: CCL.B underperformed the Canadian Market which returned 32.3% over the past year.

Price Volatility

Is CCL.B's price volatile compared to industry and market?
CCL.B volatility
CCL.B Average Weekly Movement3.7%
Packaging Industry Average Movement4.6%
Market Average Movement10.3%
10% most volatile stocks in CA Market18.1%
10% least volatile stocks in CA Market3.9%

Stable Share Price: CCL.B has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: CCL.B's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
195126,000Geoffrey Martinwww.cclind.com

CCL Industries Inc. manufactures and sells labels, consumer printable media products, technology-driven label solutions, polymer banknote substrates, and specialty films. It operates through four segments, CCL, Avery, Checkpoint, and Innovia. The CCL segment converts pressure sensitive and extruded film materials for a range of decorative, instructional, security, and functional applications for government institutions and global customers in consumer packaging, healthcare, chemicals, consumer durables, electronic devices, and automotive markets; and extruded and labeled plastic tubes, aluminum aerosols and specialty bottles, folded instructional leaflets, specialty folded cartons, precision engineered and die cut components, electronic displays, polymer banknote substrate, and other complementary products and services.

CCL Industries Inc. Fundamentals Summary

How do CCL Industries's earnings and revenue compare to its market cap?
CCL.B fundamental statistics
Market capCA$14.86b
Earnings (TTM)CA$799.90m
Revenue (TTM)CA$7.72b
18.6x
P/E Ratio
1.9x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CCL.B income statement (TTM)
RevenueCA$7.72b
Cost of RevenueCA$5.41b
Gross ProfitCA$2.31b
Other ExpensesCA$1.51b
EarningsCA$799.90m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)4.65
Gross Margin29.93%
Net Profit Margin10.37%
Debt/Equity Ratio38.8%

How did CCL.B perform over the long term?

See historical performance and comparison

Dividends

1.7%
Current Dividend Yield
29%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/17 01:24
End of Day Share Price 2026/05/15 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

CCL Industries Inc. is covered by 15 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harriet LiAccountability Research Corporation
David McFadgenATB Cormark
David McFadgenATB Cormark Historical (Cormark Securities)