Stock Analysis Report

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Executive Summary

Quebecor Inc., through its subsidiaries, operates in the telecommunications, media, and sports and entertainment businesses in Canada. More Details

Snowflake Analysis

Established dividend payer and fair value.

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

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

Volatility Over Time: QBR.B's weekly volatility (3%) has been stable over the past year.

Market Performance

7 Day Return




CA Media


CA Market

1 Year Return




CA Media


CA Market

Return vs Industry: QBR.B exceeded the Canadian Media industry which returned -11.2% over the past year.

Return vs Market: QBR.B underperformed the Canadian Market which returned 1.7% over the past year.

Shareholder returns

7 Day-5.0%-0.8%-0.5%
30 Day-7.9%-0.9%2.9%
90 Day-7.6%-1.8%12.2%
1 Year-5.5%-7.9%-7.2%-11.1%5.3%1.6%
3 Year34.6%28.6%10.0%-1.4%13.1%2.3%
5 Year81.6%72.0%35.1%12.1%66.1%40.5%

Long-Term 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


Is Quebecor undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: QBR.B (CA$30.72) is trading below our estimate of fair value (CA$60.27)

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

Price To Earnings Ratio

PE vs Industry: QBR.B is poor value based on its PE Ratio (13.9x) compared to the CA Media industry average (13.2x).

PE vs Market: QBR.B is good value based on its PE Ratio (13.9x) compared to the Canadian market (16.6x).

Price to Earnings Growth Ratio

PEG Ratio: QBR.B is poor value based on its PEG Ratio (1.3x)

Price to Book Ratio

PB vs Industry: QBR.B is overvalued based on its PB Ratio (7x) compared to the CA Media industry average (1.4x).

Next Steps

Future Growth

How is Quebecor forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: QBR.B's forecast earnings growth (11% per year) is above the savings rate (1.5%).

Earnings vs Market: QBR.B's earnings (11% per year) are forecast to grow slower than the Canadian market (25.9% per year).

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

Revenue vs Market: QBR.B's revenue (2% per year) is forecast to grow slower than the Canadian market (7.9% per year).

High Growth Revenue: QBR.B's revenue (2% 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 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?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: QBR.B has high quality earnings.

Growing Profit Margin: QBR.B's current net profit margins (13%) are higher than last year (12.4%).

Past Earnings Growth Analysis

Earnings Trend: QBR.B's earnings have grown significantly by 30.2% per year over the past 5 years.

Accelerating Growth: QBR.B's earnings growth over the past year (6.1%) is below its 5-year average (30.2% per year).

Earnings vs Industry: QBR.B earnings growth over the past year (6.1%) underperformed the Media industry 62.2%.

Return on Equity

High ROE: Whilst QBR.B's Return on Equity (47.99%) is outstanding, this metric is skewed due to their high level of debt.

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 (CA$1.1B) do not cover its long term liabilities (CA$7.4B).

Debt to Equity History and Analysis

Debt Level: QBR.B's debt to equity ratio (518.2%) is considered high.

Reducing Debt: QBR.B's debt to equity ratio has reduced from 862.4% to 518.2% over the past 5 years.

Debt Coverage: QBR.B's debt is well covered by operating cash flow (23.3%).

Interest Coverage: QBR.B's interest payments on its debt are well covered by EBIT (3.5x coverage).

Balance Sheet

Next Steps


What is Quebecor current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: QBR.B's dividend (2.61%) is higher than the bottom 25% of dividend payers in the Canadian market (1.54%).

High Dividend: QBR.B's dividend (2.61%) is low compared to the top 25% of dividend payers in the Canadian market (4.99%).

Stability and Growth of Payments

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 reasonably low payout ratio (32.3%), QBR.B's dividend payments are well 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 (30.6% payout ratio).

Next Steps


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


Average management tenure


Pierre Péladeau (58 yo)





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 ($USD2.08M) is below average for companies of similar size in the Canadian market ($USD3.45M).

Compensation vs Earnings: Pierre's compensation has been consistent with company performance over the past year.

Leadership Team

Pierre Péladeau
CEO & President3.92yrsCA$2.65m0.84%
CA$ 63.8m
Hugues Simard
Chief Financial Officer2yrsCA$937.11kno data
Marc Tremblay
Chief Operating Officer & Legal Affairs2yrsCA$1.87m0.026%
CA$ 2.0m
Jean-François Pruneau
President & CEO of Videotron2yrsCA$2.48m0.12%
CA$ 9.1m
France Lauzière
President & CEO of TVA Group and Chief Content Officer of Quebecor Content3.25yrsCA$1.49mno data
Hugo Delaney
Vice President of Public Affairs & Communicationsno datano datano data
Douglas Bassett
Chairman of Quebecor-Ontario Media Advisory Board15.42yrsno datano data
Lyne Robitaille
Senior Vice President of Newspapersno datano data0.00015%
CA$ 11.4k
Martin Tremblay
Chief Operating Officer of Sports & Entertainment Group3.42yrsno datano data
Patrick Jutras
Senior VP & Head of Advertising Revenue of Quebecor and TVA Groupno datano datano data
Denis Sabourin
VP & Corporate Controllerno datano datano data
Richard Soly
President of Le SuperClub Vidéotron ltée and President of Music & Retail Group of Quebecor Media Incno datano datano data


Average Tenure


Average Age

Experienced Management: QBR.B's management team is considered experienced (3.3 years average tenure).

Board Members

M. Mulroney
Chairman of the Board6.58yrsCA$562.50k0.0016%
CA$ 122.6k
Erik Peladeau
Non-Independent Director5.5yrsCA$878.85k0.00024%
CA$ 18.3k
Robert Pare
Non-Independent Director6.58yrsCA$126.10k0.013%
CA$ 1.0m
Normand Provost
Independent Director7.67yrsCA$178.07kno data
Chantal Belanger
Independent Corporate Director2.67yrsCA$136.91k0.00040%
CA$ 30.5k
Sylvie Lalande
Independent Vice Chair of the Board & Lead Directorno dataCA$329.69k0.0016%
CA$ 122.6k
André Brosseau
Independent Director4.67yrsCA$164.14kno data
Lise Croteau
Independent Corporate Director1.58yrsCA$105.83kno data
Michèle Colpron
Independent Director0.83yrno datano data
Chantal Belanger
Corporate Directorno datano datano data


Average Tenure


Average Age

Experienced Board: QBR.B's board of directors are considered experienced (5.1 years average tenure).


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

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

Key Information

  • Name: Quebecor Inc.
  • Ticker: QBR.B
  • Exchange: TSX
  • Founded: 1965
  • Industry: Cable and Satellite
  • Sector: Media
  • Market Cap: CA$7.616b
  • Shares outstanding: 248.21m
  • Website: https://www.quebecor.com

Number of Employees


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


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
QBR.ATSX (The Toronto Stock Exchange)YesClass A Multiple Voting SharesCACADDec 1972
QBCA.FOTCPK (Pink Sheets LLC)YesClass A Multiple Voting SharesUSUSDDec 1972
QBR.BTSX (The Toronto Stock Exchange)Class B Subordinate Voting SharesCACADOct 1986
QBCR.FOTCPK (Pink Sheets LLC)Class B Subordinate Voting SharesUSUSDOct 1986
QB3DB (Deutsche Boerse AG)Class B Subordinate Voting SharesDEEUROct 1986


Quebecor Inc., through its subsidiaries, operates in the telecommunications, media, and sports and entertainment businesses in Canada. Its Telecommunications segment offers television distribution, Interne...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 23:36
End of Day Share Price2021/01/15 00:00
Annual Earnings2019/12/31

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.