Executive Summary
Quebecor Inc. operates in the telecommunications, media, and sports and entertainment businesses in Canada.
Snowflake
Fundamentals
Solid track record average dividend payer.
Similar Companies
Share Price & News
How has Quebecor's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-0.2%
QBR.B
0.9%
CA Media
0.1%
CA Market
1 Year Return
14.6%
QBR.B
16.7%
CA Media
1.6%
CA Market
Return vs Industry: QBR.B underperformed the Canadian Media industry which returned 16.7% over the past year.
Return vs Market: QBR.B exceeded the Canadian Market which returned 1.6% over the past year.
Shareholder returns
| QBR.B | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.2% | 0.9% | 0.1% |
| 30 Day | -0.3% | -0.5% | -2.9% |
| 90 Day | 0.8% | 2.6% | -1.4% |
| 1 Year | 15.9%14.6% | 21.2%16.7% | 5.2%1.6% |
| 3 Year | 64.2%60.5% | 30.4%15.3% | 13.8%3.7% |
| 5 Year | 127.0%120.2% | 29.7%2.6% | 25.3%7.2% |
Price Volatility Vs. Market
How volatile is Quebecor's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
How Much Did Quebecor Inc.'s (TSE:QBR.B) CEO Pocket Last Year?2 weeks ago | Simply Wall St
Is Quebecor's (TSE:QBR.B) Share Price Gain Of 110% Well Earned?4 weeks ago | Simply Wall St
Can Quebecor Inc. (TSE:QBR.B) Maintain Its Strong Returns?Valuation
Is Quebecor undervalued compared to its fair value and its price relative to the market?
16.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: QBR.B (CA$30.59) is trading below our estimate of fair value (CA$36.69)
Significantly Undervalued: QBR.B is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: QBR.B is poor value based on its PE Ratio (14.4x) compared to the Media industry average (14.1x).
PE vs Market: QBR.B is poor value based on its PE Ratio (14.4x) compared to the Canadian market (13.7x).
Price to Earnings Growth Ratio
Low PEG Ratio: QBR.B is poor value based on its PEG Ratio (6.6x)
Price to Book Ratio
PB vs Industry: QBR.B is overvalued based on its PB Ratio (10.2x) compared to the CA Media industry average (0.7x).
Next Steps
Future Growth
How is Quebecor forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
2.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: QBR.B's forecast earnings growth (2.2% per year) is above the savings rate (1.9%).
Earnings vs Market: QBR.B's earnings (2.2% per year) are forecast to grow slower than the Canadian market (13.2% per year).
High Growth Earnings: QBR.B's earnings are forecast to grow, but not significantly.
Revenue vs Market: QBR.B's revenue (2.5% per year) is forecast to grow slower than the Canadian market (5.8% per year).
High Growth Revenue: QBR.B's revenue (2.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: Insufficient data to determine if QBR.B's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Quebecor performed over the past 5 years?
36.5%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: QBR.B's earnings have grown significantly by 36.5% per year over the past 5 years.
Accelerating Growth: QBR.B's earnings growth over the past year (57.2%) exceeds its 5-year average (36.5% per year).
Earnings vs Industry: QBR.B earnings growth over the past year (57.2%) exceeded the Media industry -32.2%.
Return on Equity
High ROE: Whilst QBR.B's Return on Equity (63.03%) is outstanding, this metric is skewed due to their high level of debt.
Return on Assets
ROA vs Industry: QBR.B has a higher Return on Assets than the Media industry average last year.
Return on Capital Employed
ROCE Improving: QBR.B has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Quebecor's financial position?
Financial Position Analysis
Short Term Liabilities: QBR.B's short term assets (CA$1.1B) do not cover its short term liabilities (CA$1.3B)
Long Term Liabilities: QBR.B's short term assets (1.1B) do not cover its long term liabilities (7.6B)
Debt to Equity History and Analysis
Debt Level: QBR.B's debt to equity ratio (760%) is considered high
Reducing Debt: QBR.B's debt to equity ratio has increased from 494.2% to 760% over the past 5 years.
Debt Coverage: QBR.B's debt is not well covered by operating cash flow (19%).
Interest Coverage: QBR.B's interest payments on its debt are well covered by EBIT (3.2x coverage).
Balance Sheet
Inventory Level: QBR.B has a high level of physical assets or inventory.
Debt Coverage by Assets: QBR.B's debt is not covered by short term assets (assets are 0.2x debt).
Next Steps
Dividend
What is Quebecor's current dividend yield, its reliability and sustainability?
1.47%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: QBR.B's dividend (1.47%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (2.01%).
High Dividend: QBR.B's dividend (1.47%) is low compared to the top 25% of dividend payers in the Canadian market (6.01%).
Stable Dividend: QBR.B's dividends per share have been stable in the past 10 years.
Growing Dividend: QBR.B's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (13%), QBR.B's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: QBR.B's dividends in 3 years are forecast to be well covered by earnings (32.8% payout ratio).
Next Steps
Management
What is the CEO of Quebecor's salary, the management and board of directors tenure and is there insider trading?
1.4yrs
Average management tenure
CEO
Pierre Péladeau (57yo)
2.7yrs
Tenure
CA$2,568,930
Compensation
Mr. Pierre Karl Péladeau has been the Chief Executive Officer and President of Quebecor Inc., and Quebecor Media Inc., since February 16, 2017. Previously, Mr. Péladeau served as the Chief Executive Office ...
CEO Compensation Analysis
Compensation vs. Market: Pierre's total compensation ($USD1.96M) is below average for companies of similar size in the Canadian market ($USD3.92M).
Compensation vs Earnings: Pierre's compensation has been consistent with company performance over the past year.
Management Age and Tenure
1.4yrs
Average Tenure
56yo
Average Age
Experienced Management: QBR.B's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Board Age and Tenure
3.8yrs
Average Tenure
64yo
Average Age
Experienced Board: QBR.B's board of directors are considered experienced (3.8 years average tenure).
Insider Trading
Insider Buying: QBR.B insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Corporate Director |
| Shares | 10,000 |
| Max Price | CA$30.17 |
| Entity | Individual |
| Shares | 3,984 |
| Max Price | CA$31.28 |
| Entity | Individual |
| Role | Chief Operating Officer COO & Chief Legal Officer |
| Shares | 31,580 |
| Max Price | CA$31.82 |
| Entity | Individual |
| Role | Chief Operating Officer COO & Chief Legal Officer |
| Shares | 87,100 |
| Max Price | CA$31.32 |
| Entity | Individual |
| Role | Member of the Board of Directors Corporate Director |
| Shares | 1,000 |
| Max Price | CA$30.45 |
Ownership Breakdown
Management Team
Douglas Bassett (78yo)
Chairman of Quebecor-Ontario Media Advisory Board
- Tenure: 14.2yrs
Hugues Simard (52yo)
Chief Financial Officer
- Tenure: 0.8yrs
Pierre Péladeau (57yo)
CEO & President
- Tenure: 2.7yrs
- Compensation: CA$2.57m
Jocelyn Poirier
Senior Vice President of Corporate Development
- Tenure: 0.3yrs
France Lauzière (52yo)
President & CEO of TVA Group and Chief Content Officer of Quebecor Content
- Tenure: 2yrs
- Compensation: CA$1.36m
Lyne Robitaille (56yo)
Senior Vice President of Newspapers
- Tenure: 0yrs
Marc Tremblay (58yo)
COO & Chief Legal Officer
- Tenure: 0.8yrs
- Compensation: CA$1.48m
Martin Tremblay (43yo)
Chief Operating Officer of Sports & Entertainment Group
- Tenure: 2.2yrs
Hugo Delaney
Vice President of Public Affairs & Communications
- Tenure: 0yrs
Patrick Jutras
Senior VP & Chief Advertising Officer
- Tenure: 0.08yrs
Board Members
M. Mulroney (79yo)
Chairman of the Board
- Tenure: 5.3yrs
- Compensation: CA$523.89k
Érik Péladeau (64yo)
Non-Independent Director
- Tenure: 4.3yrs
- Compensation: CA$874.04k
Robert Paré (64yo)
Non-Independent Director
- Tenure: 5.3yrs
- Compensation: CA$119.60k
Normand Provost (64yo)
Independent Director
- Tenure: 6.4yrs
- Compensation: CA$162.34k
Chantal Bélanger (67yo)
Corporate Director
- Tenure: 1.4yrs
- Compensation: CA$87.67k
Sylvie Lalande (68yo)
Vice Chair of the Board & Lead Director
- Tenure: 0yrs
- Compensation: CA$312.93k
Manon Brouillette (50yo)
Corporate Director
- Tenure: 0.4yrs
- Compensation: CA$2.93m
André Brosseau (57yo)
Independent Director
- Tenure: 3.4yrs
- Compensation: CA$157.70k
Lise Croteau (59yo)
Corporate Director
- Tenure: 0.3yrs
Company Information
Quebecor Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Quebecor Inc.
- Ticker: QBR.B
- Exchange: TSX
- Founded: 1950
- Industry: Cable and Satellite
- Sector: Media
- Market Cap: CA$7.855b
- Shares outstanding: 255.92m
- Website: https://www.quebecor.com
Number of Employees
Location
- Quebecor Inc.
- 612 rue Saint-Jacques
- Montreal
- Quebec
- H3C 4M8
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| QBR.A | TSX (The Toronto Stock Exchange) | Class A Multiple Voting Shares | CA | CAD | Dec 1972 | |
| QBR.B | TSX (The Toronto Stock Exchange) | Yes | Class B Subordinate Voting Shares | CA | CAD | Oct 1986 |
| QBCR.F | OTCPK (Pink Sheets LLC) | Yes | Class B Subordinate Voting Shares | US | USD | Oct 1986 |
| QB3 | DB (Deutsche Boerse AG) | Yes | Class B Subordinate Voting Shares | DE | EUR | Oct 1986 |
Biography
Quebecor Inc. operates in the telecommunications, media, and sports and entertainment businesses in Canada. Its Telecommunications segment offers television distribution, Internet access, business solution ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/17 23:43 |
| End of Day Share Price | 2019/10/17 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.