We’ve recently updated our valuation analysis.

CCL Industries Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CCL.B?

Other financial metrics that can be useful for relative valuation.

CCL.B key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2x
Enterprise Value/EBITDA11x
PEG Ratio2.2x

Price to Earnings Ratio vs Peers

How does CCL.B's PE Ratio compare to its peers?

The above table shows the PE ratio for CCL.B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average18.6x
WPK Winpak
15.8x9.4%CA$2.7b
TCL.A Transcontinental
11.8xn/aCA$1.4b
RPI.UN Richards Packaging Income Fund
26.7xn/aCA$497.4m
YRI Yamana Gold
20.3x-3.4%CA$7.2b
CCL.B CCL Industries
17.8x8.2%CA$11.1b

Price-To-Earnings vs Peers: CCL.B is good value based on its Price-To-Earnings Ratio (17.8x) compared to the peer average (18.6x).


Price to Earnings Ratio vs Industry

How does CCL.B's PE Ratio compare vs other companies in the North American Packaging Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a7.7%
n/an/an/a

Price-To-Earnings vs Industry: CCL.B is expensive based on its Price-To-Earnings Ratio (17.8x) compared to the North American Packaging industry average (14.2x)


Price to Earnings Ratio vs Fair Ratio

What is CCL.B'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.

CCL.B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.8x
Fair PE Ratio14.2x

Price-To-Earnings vs Fair Ratio: CCL.B is expensive based on its Price-To-Earnings Ratio (17.8x) compared to the estimated Fair Price-To-Earnings Ratio (14.2x).


Share Price vs Fair Value

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

Below Fair Value: CCL.B (CA$62.54) is trading below our estimate of fair value (CA$98.3)

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


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 CCL.B forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$62.54
CA$75.90
+21.4%
4.3%CA$82.00CA$71.00n/a10
Nov ’23CA$63.62
CA$78.40
+23.2%
4.7%CA$84.00CA$73.00n/a10
Oct ’23CA$66.96
CA$78.50
+17.2%
4.5%CA$84.00CA$73.00n/a10
Sep ’23CA$64.41
CA$78.50
+21.9%
4.5%CA$84.00CA$73.00n/a10
Aug ’23CA$64.33
CA$77.10
+19.9%
4.9%CA$82.00CA$70.00n/a10
Jul ’23CA$60.84
CA$77.10
+26.7%
4.9%CA$82.00CA$70.00n/a10
Jun ’23CA$61.30
CA$77.10
+25.8%
4.9%CA$82.00CA$70.00n/a10
May ’23CA$56.01
CA$77.89
+39.1%
5.2%CA$82.00CA$70.00n/a9
Apr ’23CA$56.55
CA$78.67
+39.1%
4.1%CA$82.00CA$70.00n/a9
Mar ’23CA$56.92
CA$78.89
+38.6%
4.3%CA$82.00CA$70.00n/a9
Feb ’23CA$65.62
CA$81.00
+23.4%
2.9%CA$85.00CA$76.00n/a9
Jan ’23CA$67.83
CA$80.78
+19.1%
2.8%CA$85.00CA$76.00n/a9
Dec ’22CA$63.25
CA$80.78
+27.7%
2.8%CA$85.00CA$76.00CA$62.629
Nov ’22CA$67.71
CA$81.89
+20.9%
2.0%CA$85.00CA$80.00CA$63.629
Oct ’22CA$65.70
CA$81.89
+24.6%
2.0%CA$85.00CA$80.00CA$66.969
Sep ’22CA$72.01
CA$81.89
+13.7%
2.0%CA$85.00CA$80.00CA$64.419
Aug ’22CA$71.55
CA$79.33
+10.9%
1.6%CA$81.00CA$77.00CA$64.339
Jul ’22CA$68.27
CA$79.33
+16.2%
1.6%CA$81.00CA$77.00CA$60.849
Jun ’22CA$69.16
CA$79.33
+14.7%
1.6%CA$81.00CA$77.00CA$61.309
May ’22CA$69.77
CA$77.11
+10.5%
2.5%CA$80.00CA$75.00CA$56.019
Apr ’22CA$70.42
CA$77.11
+9.5%
2.5%CA$80.00CA$75.00CA$56.559
Mar ’22CA$67.25
CA$75.63
+12.5%
4.9%CA$80.00CA$67.00CA$56.928
Feb ’22CA$59.61
CA$67.75
+13.7%
3.3%CA$72.00CA$65.00CA$65.628
Jan ’22CA$57.79
CA$67.44
+16.7%
3.2%CA$72.00CA$65.00CA$67.839
Dec ’21CA$58.00
CA$67.22
+15.9%
2.6%CA$70.00CA$65.00CA$63.259

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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