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QBR.

Quebecor TSX:QBR.A Stock Report

Last Price

CA$30.34

Market Cap

CA$7.0b

7D

8.4%

1Y

-3.7%

Updated

18 Aug, 2022

Data

Company Financials +
QBR.A fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance5/6
Financial Health2/6
Dividends4/6

QBR.A Stock Overview

Quebecor Inc., together with its subsidiaries, operates in the telecommunications, media, and sports and entertainment businesses in Canada.

Quebecor Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Quebecor
Historical stock prices
Current Share PriceCA$30.34
52 Week HighCA$32.72
52 Week LowCA$26.86
Beta0.28
1 Month Change1.95%
3 Month Change7.90%
1 Year Change-3.68%
3 Year Change-0.30%
5 Year Change27.35%
Change since IPO1,531.73%

Recent News & Updates

Shareholder Returns

QBR.ACA MediaCA Market
7D8.4%2.6%1.3%
1Y-3.7%-9.9%3.3%

Return vs Industry: QBR.A exceeded the Canadian Media industry which returned -9.1% over the past year.

Return vs Market: QBR.A underperformed the Canadian Market which returned 2.1% over the past year.

Price Volatility

Is QBR.A's price volatile compared to industry and market?
QBR.A volatility
QBR.A Average Weekly Movement8.0%
Media Industry Average Movement5.5%
Market Average Movement10.5%
10% most volatile stocks in CA Market18.9%
10% least volatile stocks in CA Market4.2%

Stable Share Price: QBR.A is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: QBR.A's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1965n/aPierre Peladeauhttps://www.quebecor.com

Quebecor Inc., together with its subsidiaries, operates in the telecommunications, media, and sports and entertainment businesses in Canada. Its Telecommunications segment offers television distribution, Internet access, wireline and mobile telephony, business solutions, and over-the-top video services; and Helix, a technology platform that provides entertainment and home management with features, including voice remote, ultra-intelligent Wi-Fi, and support for home automation. The company’s Media segment is involved in the operation of over-the-air television network and specialty television services; provides soundstage and equipment rental, and post-production services for the film and television industries; prints, publishes, and distributes daily newspapers; operates news and entertainment digital platforms and a music streaming service; publishes and distributes magazines; produces and distributes audiovisual content; and operates an out-of-home advertising business.

Quebecor Fundamentals Summary

How do Quebecor's earnings and revenue compare to its market cap?
QBR.A fundamental statistics
Market CapCA$6.98b
Earnings (TTM)CA$612.40m
Revenue (TTM)CA$4.54b

11.6x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
QBR.A income statement (TTM)
RevenueCA$4.54b
Cost of RevenueCA$1.89b
Gross ProfitCA$2.65b
Other ExpensesCA$2.04b
EarningsCA$612.40m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.62
Gross Margin58.39%
Net Profit Margin13.50%
Debt/Equity Ratio441.5%

How did QBR.A perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

45%

Payout Ratio

Does QBR.A pay a reliable dividends?

See QBR.A dividend history and benchmarks
When do you need to buy QBR.A by to receive an upcoming dividend?
Quebecor dividend dates
Ex Dividend DateAug 18 2022
Dividend Pay DateSep 13 2022
Days until Ex dividend2 days
Days until Dividend pay date24 days

Does QBR.A pay a reliable dividends?

See QBR.A dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 QBR.A?

Other financial metrics that can be useful for relative valuation.

QBR.A 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/Revenue3.1x
Enterprise Value/EBITDA8.2x
PEG Ratio2x

Price to Earnings Ratio vs Peers

How does QBR.A's PE Ratio compare to its peers?

QBR.A PE Ratio vs Peers
The above table shows the PE ratio for QBR.A vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.8x
CCA Cogeco Communications
9.4x1.4%CA$3.9b
SJR.B Shaw Communications
20.7x5.3%CA$17.5b
CGO Cogeco
7.5x2.2%CA$1.1b
CJR.B Corus Entertainment
5.6x6.6%CA$794.9m
QBR.A Quebecor
11.6x5.8%CA$7.0b

Price-To-Earnings vs Peers: QBR.A is expensive based on its Price-To-Earnings Ratio (11.6x) compared to the peer average (10.8x).


Price to Earnings Ratio vs Industry

How does QBR.A's PE Ratio compare vs other companies in the North American Media Industry?

Price-To-Earnings vs Industry: QBR.A is expensive based on its Price-To-Earnings Ratio (11.6x) compared to the Canadian Media industry average (9.4x)


Price to Earnings Ratio vs Fair Ratio

What is QBR.A'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.

QBR.A PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.6x
Fair PE Ratio15.4x

Price-To-Earnings vs Fair Ratio: QBR.A is good value based on its Price-To-Earnings Ratio (11.6x) compared to the estimated Fair Price-To-Earnings Ratio (15.4x).


Share Price vs Fair Value

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

Below Fair Value: QBR.A (CA$30.34) is trading below our estimate of fair value (CA$91.93)

Significantly Below Fair Value: QBR.A 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?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is Quebecor forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


5.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: QBR.A's forecast earnings growth (5.8% per year) is above the savings rate (1.6%).

Earnings vs Market: QBR.A's earnings (5.8% per year) are forecast to grow slower than the Canadian market (7.6% per year).

High Growth Earnings: QBR.A's earnings are forecast to grow, but not significantly.

Revenue vs Market: QBR.A's revenue (1.1% per year) is forecast to grow slower than the Canadian market (6.6% per year).

High Growth Revenue: QBR.A's revenue (1.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: QBR.A's Return on Equity is forecast to be high in 3 years time (33.8%)


Discover growth companies

Past Performance

How has Quebecor performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


11.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: QBR.A has high quality earnings.

Growing Profit Margin: QBR.A's current net profit margins (13.5%) are higher than last year (12.2%).


Past Earnings Growth Analysis

Earnings Trend: QBR.A's earnings have grown by 11.7% per year over the past 5 years.

Accelerating Growth: QBR.A's earnings growth over the past year (12.1%) exceeds its 5-year average (11.7% per year).

Earnings vs Industry: QBR.A earnings growth over the past year (12.1%) exceeded the Media industry -7.5%.


Return on Equity

High ROE: Whilst QBR.A's Return on Equity (40.4%) is outstanding, this metric is skewed due to their high level of debt.


Discover strong past performing companies

Financial Health

How is Quebecor's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: QBR.A's short term assets (CA$1.7B) do not cover its short term liabilities (CA$2.4B).

Long Term Liabilities: QBR.A's short term assets (CA$1.7B) do not cover its long term liabilities (CA$6.7B).


Debt to Equity History and Analysis

Debt Level: QBR.A's net debt to equity ratio (440.9%) is considered high.

Reducing Debt: QBR.A's debt to equity ratio has reduced from 601.5% to 441.5% over the past 5 years.

Debt Coverage: QBR.A's debt is not well covered by operating cash flow (17.2%).

Interest Coverage: QBR.A's interest payments on its debt are well covered by EBIT (3.6x coverage).


Balance Sheet


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Dividend

What is Quebecor 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

  • Cash Flow Coverage


3.96%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: QBR.A's dividend (3.96%) is higher than the bottom 25% of dividend payers in the Canadian market (1.86%).

High Dividend: QBR.A's dividend (3.96%) is low compared to the top 25% of dividend payers in the Canadian market (5.31%).


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (45%), QBR.A's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: QBR.A is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

5.3yrs

Average management tenure


CEO

Pierre Peladeau (60 yo)

5.5yrs

Tenure

CA$2,577,030

Compensation

Mr. Pierre Karl Peladeau serves as Acting as Interim President of TVA Group Inc., since April 14, 2021 and serves as its Chief Executive Officer. Mr. Peladeau serves as Director of Alithya Group Inc. from...


CEO Compensation Analysis

Compensation vs Market: Pierre's total compensation ($USD1.99M) is below average for companies of similar size in the Canadian market ($USD4.63M).

Compensation vs Earnings: Pierre's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: QBR.A's management team is seasoned and experienced (5.3 years average tenure).


Board Members

Experienced Board: QBR.A's board of directors are considered experienced (6.7 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Quebecor Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Quebecor Inc.
  • Ticker: QBR.A
  • Exchange: TSX
  • Founded: 1965
  • Industry: Cable and Satellite
  • Sector: Media
  • Implied Market Cap: CA$6.975b
  • Shares outstanding: 234.15m
  • Website: https://www.quebecor.com

Number of Employees


Location

  • Quebecor Inc.
  • 612 Saint-Jacques Street
  • Montreal
  • Quebec
  • H3C 4M8
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/18 00:00
End of Day Share Price2022/08/17 00:00
Earnings2022/06/30
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.