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ITP

Intertape Polymer Group TSX:ITP Stock Report

Last Price

CA$40.44

Market Cap

CA$2.4b

7D

2.2%

1Y

41.8%

Updated

24 Jun, 2022

Data

Company Financials +
ITP fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance0/6
Financial Health3/6
Dividends3/6

ITP Stock Overview

Intertape Polymer Group Inc. provides packaging and protective solutions for the industrial markets in North America, Europe, and internationally.

Intertape Polymer Group Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Intertape Polymer Group
Historical stock prices
Current Share PriceCA$40.44
52 Week HighCA$40.47
52 Week LowCA$22.25
Beta2.13
1 Month Change3.82%
3 Month Change2.43%
1 Year Change41.85%
3 Year Change119.66%
5 Year Change63.79%
Change since IPO635.27%

Recent News & Updates

Shareholder Returns

ITPCA PackagingCA Market
7D2.2%3.2%0.3%
1Y41.8%-10.6%-4.1%

Return vs Industry: ITP exceeded the Canadian Packaging industry which returned -12.6% over the past year.

Return vs Market: ITP exceeded the Canadian Market which returned -5.7% over the past year.

Price Volatility

Is ITP's price volatile compared to industry and market?
ITP volatility
ITP Average Weekly Movement1.3%
Packaging Industry Average Movement4.8%
Market Average Movement9.9%
10% most volatile stocks in CA Market17.2%
10% least volatile stocks in CA Market4.3%

Stable Share Price: ITP is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: ITP's weekly volatility has decreased from 11% to 1% over the past year.

About the Company

FoundedEmployeesCEOWebsite
1981n/aGreg Yullhttps://www.itape.com

Intertape Polymer Group Inc. provides packaging and protective solutions for the industrial markets in North America, Europe, and internationally. The company offers pressure-sensitive and water-activated tapes; packaging equipment; industrial and performance specialty tapes, such as masking, duct, electrical, foil, process indicator, sheathing, sports, and reinforced filament tapes; protective packaging solutions, including inflatable systems, mailer products, bubble cushioning, paper void fills, thermal solutions, and protective foam roll stocks; stencil products; shrink films; stretch and lumber wraps; structure and geomembrane fabrics; non-manufactured flexible intermediate bulk containers; specialized polyolefin films; and engineered coated products for industrial and retail use. It sells its products through various distribution channels.

Intertape Polymer Group Fundamentals Summary

How do Intertape Polymer Group's earnings and revenue compare to its market cap?
ITP fundamental statistics
Market CapUS$1.82b
Earnings (TTM)-US$7.93m
Revenue (TTM)US$1.59b

1.2x

P/S Ratio

-234.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ITP income statement (TTM)
RevenueUS$1.59b
Cost of RevenueUS$1.25b
Gross ProfitUS$343.45m
Other ExpensesUS$351.38m
Earnings-US$7.93m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.13
Gross Margin21.57%
Net Profit Margin-0.50%
Debt/Equity Ratio224.6%

How did ITP perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

-498%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is ITP 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

ITP 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/Revenue1.5x
Enterprise Value/EBITDA13.8x
PEG Ration/a

Price to Sales Ratio vs Peers

How does ITP's PS Ratio compare to its peers?

ITP PS Ratio vs Peers
The above table shows the PS ratio for ITP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.4x

Price-To-Sales vs Peers: ITP is good value based on its Price-To-Sales Ratio (1.2x) compared to the peer average (1.4x).


Price to Earnings Ratio vs Industry

How does ITP's PE Ratio compare vs other companies in the Packaging Industry?

Price-To-Sales vs Industry: ITP is expensive based on its Price-To-Sales Ratio (1.2x) compared to the Canadian Packaging industry average (1.1x)


Price to Sales Ratio vs Fair Ratio

What is ITP's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ITP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.2x
Fair PS Ratio1.2x

Price-To-Sales vs Fair Ratio: ITP is good value based on its Price-To-Sales Ratio (1.2x) compared to the estimated Fair Price-To-Sales Ratio (1.2x).


Share Price vs Fair Value

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

Below Fair Value: ITP (CA$40.44) is trading below our estimate of fair value (CA$83.54)

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


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ITP's PEG Ratio to determine if it is good value.


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Future Growth

How is Intertape Polymer Group forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


84.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ITP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).

Earnings vs Market: ITP is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ITP is expected to become profitable in the next 3 years.

Revenue vs Market: ITP's revenue (4.7% per year) is forecast to grow slower than the Canadian market (6.6% per year).

High Growth Revenue: ITP's revenue (4.7% 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 ITP's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Intertape Polymer Group performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-1.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ITP is currently unprofitable.

Growing Profit Margin: ITP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ITP is unprofitable, and losses have increased over the past 5 years at a rate of 1.1% per year.

Accelerating Growth: Unable to compare ITP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ITP is unprofitable, making it difficult to compare its past year earnings growth to the Packaging industry (5.1%).


Return on Equity

High ROE: ITP has a negative Return on Equity (-2.01%), as it is currently unprofitable.


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Financial Health

How is Intertape Polymer Group's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ITP's short term assets ($554.2M) exceed its short term liabilities ($380.6M).

Long Term Liabilities: ITP's short term assets ($554.2M) do not cover its long term liabilities ($697.7M).


Debt to Equity History and Analysis

Debt Level: ITP's net debt to equity ratio (220.7%) is considered high.

Reducing Debt: ITP's debt to equity ratio has increased from 80.5% to 224.6% over the past 5 years.

Debt Coverage: ITP's debt is well covered by operating cash flow (20.4%).

Interest Coverage: ITP's interest payments on its debt are well covered by EBIT (4.3x coverage).


Balance Sheet


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Dividend

What is Intertape Polymer Group current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.17%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ITP's dividend (2.17%) is higher than the bottom 25% of dividend payers in the Canadian market (2.08%).

High Dividend: ITP's dividend (2.17%) is low compared to the top 25% of dividend payers in the Canadian market (5.35%).


Stability and Growth of Payments

Stable Dividend: ITP's dividends per share have been stable in the past 10 years.

Growing Dividend: ITP's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: ITP is paying a dividend but the company is unprofitable.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (108%), ITP's dividend payments are not well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

12.0yrs

Average management tenure


CEO

Greg Yull (54 yo)

12yrs

Tenure

US$4,385,080

Compensation

Mr. Gregory A. C. Yull, also known as Greg, has been the Chief Executive Officer and President of Intertape Polymer Group Inc. (IPG) since June 8, 2010. Mr. Yull served as the President of Tapes & Films of...


CEO Compensation Analysis

Compensation vs Market: Greg's total compensation ($USD4.39M) is above average for companies of similar size in the Canadian market ($USD2.43M).

Compensation vs Earnings: Greg's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: ITP's management team is seasoned and experienced (12 years average tenure).


Board Members

Experienced Board: ITP's board of directors are considered experienced (9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Intertape Polymer Group Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Intertape Polymer Group Inc.
  • Ticker: ITP
  • Exchange: TSX
  • Founded: 1981
  • Industry: Metal and Glass Containers
  • Sector: Materials
  • Implied Market Cap: CA$2.355b
  • Shares outstanding: 59.28m
  • Website: https://www.itape.com

Number of Employees


Location

  • Intertape Polymer Group Inc.
  • 9999 Cavendish Boulevard
  • 2nd Floor Ville
  • Saint-Laurent
  • Quebec
  • H4M 2X5
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.