company background image
Y

Yellow PagesTSX:Y Stock Report

Market Cap

CA$375.4m

7D

1.4%

1Y

4.2%

Updated

24 Oct, 2021

Data

Company Financials +
Y fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends3/6

Y Overview

Yellow Pages Limited operates as a digital media and marketing solutions company in Canada.

Yellow Pages Competitors

Apple

NasdaqGS:AAPL

US$2.5t

Microsoft

NasdaqGS:MSFT

US$2.3t

Alphabet

NasdaqGS:GOOG.L

US$1.8t

Amazon.com

NasdaqGS:AMZN

US$1.7t

Price History & Performance

Summary of all time highs, changes and price drops for Yellow Pages
Historical stock prices
Current Share PriceCA$13.56
52 Week HighCA$11.47
52 Week LowCA$15.20
Beta1.13
1 Month Change-2.45%
3 Month Change-5.77%
1 Year Change4.23%
3 Year Change66.79%
5 Year Change-36.96%
Change since IPO97.67%

Recent News & Updates

Jun 06
Yellow Pages' (TSE:Y) Dividend Will Be Increased To CA$0.15

Yellow Pages' (TSE:Y) Dividend Will Be Increased To CA$0.15

Yellow Pages Limited ( TSE:Y ) has announced that it will be increasing its dividend on the 30th of June to CA$0.15...

May 20
We Think Yellow Pages (TSE:Y) Can Stay On Top Of Its Debt

We Think Yellow Pages (TSE:Y) Can Stay On Top Of Its Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

YCA Interactive Media and ServicesCA Market
7D1.4%-4.1%1.3%
1Y4.2%28.9%33.6%

Return vs Industry: Y underperformed the Canadian Interactive Media and Services industry which returned 28.9% over the past year.

Return vs Market: Y underperformed the Canadian Market which returned 33.6% over the past year.

Price Volatility

Is Y's price volatile compared to industry and market?
Y volatility
Y Beta1.13
Industry Beta1.67
Market Beta1

Stable Share Price: Y is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: Y's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1908671David Eckerthttps://corporate.yp.ca

Yellow Pages Limited operates as a digital media and marketing solutions company in Canada. The company provides digital and traditional marketing solutions, including online and mobile priority placement on Yellow Pages digital media properties, content syndication, search engine solutions, website fulfillment, social media campaign management, digital display advertising, video production, e-commerce, and print advertising to small and medium-sized businesses. Its online properties include YP.ca that allows users to discover and transact within their local neighborhoods through merchant profiles, editorial content, reviews, and booking functionalities; Canada411 for personal and local business information; and 411.ca, a digital directory service.

Yellow Pages Fundamentals Summary

How do Yellow Pages's earnings and revenue compare to its market cap?
Y fundamental statistics
Market CapCA$375.38m
Earnings (TTM)CA$44.01m
Revenue (TTM)CA$305.05m

8.5x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
Y income statement (TTM)
RevenueCA$305.05m
Cost of RevenueCA$199.08m
Gross ProfitCA$105.97m
ExpensesCA$61.97m
EarningsCA$44.01m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 12, 2021

Earnings per share (EPS)1.59
Gross Margin34.74%
Net Profit Margin14.43%
Debt/Equity Ratio0%

How did Y perform over the long term?

See historical performance and comparison

Dividends

4.4%

Current Dividend Yield

31%

Payout Ratio

Valuation

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

46.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: Y (CA$13.56) is trading below our estimate of fair value (CA$25.23)

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


Price To Earnings Ratio

PE vs Industry: Y is good value based on its PE Ratio (8.5x) compared to the North American Interactive Media and Services industry average (37.4x).

PE vs Market: Y is good value based on its PE Ratio (8.5x) compared to the Canadian market (13.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: Y is overvalued based on its PB Ratio (6x) compared to the CA Interactive Media and Services industry average (5.3x).


Future Growth

How is Yellow Pages forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-16.7%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if Y's forecast earnings growth is above the savings rate (1.6%).

Earnings vs Market: Insufficient data to determine if Y's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Y's revenue is expected to decline over the next 3 years (-16.7% per year).

High Growth Revenue: Y's revenue is forecast to decline over the next 3 years (-16.7% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if Y's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Yellow Pages performed over the past 5 years?

44.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: Y has a large one-off loss of CA$14.6M impacting its June 30 2021 financial results.

Growing Profit Margin: Y's current net profit margins (14.4%) are lower than last year (27.7%).


Past Earnings Growth Analysis

Earnings Trend: Y has become profitable over the past 5 years, growing earnings by 44.2% per year.

Accelerating Growth: Y's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: Y had negative earnings growth (-56.8%) over the past year, making it difficult to compare to the Interactive Media and Services industry average (-21.4%).


Return on Equity

High ROE: Y's Return on Equity (70.6%) is considered outstanding.


Financial Health

How is Yellow Pages's financial position?


Financial Position Analysis

Short Term Liabilities: Y's short term assets (CA$144.7M) exceed its short term liabilities (CA$61.8M).

Long Term Liabilities: Y's short term assets (CA$144.7M) exceed its long term liabilities (CA$144.5M).


Debt to Equity History and Analysis

Debt Level: Y is debt free.

Reducing Debt: Y has no debt compared to 5 years ago when its debt to equity ratio was 64.2%.

Debt Coverage: Y has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: Y has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Yellow Pages's current dividend yield, its reliability and sustainability?

4.42%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: Y's dividend (4.42%) is higher than the bottom 25% of dividend payers in the Canadian market (1.55%).

High Dividend: Y's dividend (4.42%) is low compared to the top 25% of dividend payers in the Canadian market (4.5%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, Y has been paying a dividend for less than 10 years.

Growing Dividend: Y's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31.3%), Y's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Y's dividends in 3 years are forecast to be well covered by earnings (40.8% payout ratio).


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

David Eckert (66 yo)

4.08yrs

Tenure

CA$11,911,347

Compensation

Mr. David Alan Eckert has been President and Chief Executive Officer of Yellow Pages Limited since September 15, 2017. Mr. Eckert served as the Chief Executive Officer of Hibu Plc since March 2014. Mr. Eck...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD9.63M) is above average for companies of similar size in the Canadian market ($USD827.18K).

Compensation vs Earnings: David's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: Y's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: Y's board of directors are considered experienced (4.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Y insiders have only sold shares 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

Yellow Pages Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Yellow Pages Limited
  • Ticker: Y
  • Exchange: TSX
  • Founded: 1908
  • Industry: Interactive Media and Services
  • Sector: Media
  • Market Cap: CA$375.377m
  • Shares outstanding: 27.68m
  • Website: https://corporate.yp.ca

Number of Employees


Location

  • Yellow Pages Limited
  • 1751 Rue Richardson
  • Suite 2.300
  • Montreal
  • Quebec
  • H3K 1G6
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/24 22:28
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.