Buy Or Sell Opportunity • Jun 08
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at CA$12.87. The fair value is estimated to be CA$10.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has grown by 41%. Declared Dividend • Mar 16
Dividend of CA$0.40 announced Dividend of CA$0.40 is the same as last year. Ex-date: 20th March 2026 Payment date: 31st March 2026 Dividend yield will be 6.1%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio) nor is it covered by cash flows (114% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control, which is less than the 14% EPS growth achieved over the last 5 years. Announcement • Mar 14
The Becker Milk Company Limited announces Semi-Annual dividend, payable on March 31, 2026 The Becker Milk Company Limited announced Semi-Annual dividend of CAD 0.4000 per share payable on March 31, 2026, ex-date on March 20, 2026 and record date on March 20, 2026. New Risk • Mar 13
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 102% Cash payout ratio: 114% Dividend yield: 6.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 102% Cash payout ratio: 114% Earnings have declined by 15% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (47% net profit margin). Revenue is less than US$5m (CA$3.0m revenue, or US$2.2m). Market cap is less than US$100m (CA$23.8m market cap, or US$17.5m). Board Change • Jan 09
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director Donald Stewart was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 14
Second quarter 2026 earnings released: EPS: CA$0.14 (vs CA$0.64 in 2Q 2025) Second quarter 2026 results: EPS: CA$0.14 (down from CA$0.64 in 2Q 2025). Revenue: CA$711.3k (up 4.2% from 2Q 2025). Net income: CA$259.4k (down 78% from 2Q 2025). Profit margin: 37% (down from 170% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Declared Dividend • Sep 15
Dividend of CA$0.40 announced Dividend of CA$0.40 is the same as last year. Ex-date: 19th September 2025 Payment date: 29th September 2025 Dividend yield will be 6.1%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but not covered by cash flows (140% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. Earnings per share has grown by 29% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Sep 13
First quarter 2026 earnings released: EPS: CA$0.25 (vs CA$0.14 in 1Q 2025) First quarter 2026 results: EPS: CA$0.25 (up from CA$0.14 in 1Q 2025). Net income: CA$453.6k (up 81% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Sep 12
the Becker Milk Company Limited Declares Regular Semi-Annual Dividend on Class B Special and Common Shares, Payable on September 29, 2025 The Directors of The Becker Milk Company Limited have declared the regular semi-annual dividend on Class B Special and Common Shares of 40 cents per share. This dividend of 40 cents will be paid to those shareholders of record as of September 19, 2025, and payable on September 29, 2025. The dividends for Canadian tax purposes will be considered as an eligible dividend. Reported Earnings • Jul 20
Full year 2025 earnings released: EPS: CA$1.58 (vs CA$0.069 in FY 2024) Full year 2025 results: EPS: CA$1.58 (up from CA$0.069 in FY 2024). Revenue: CA$2.99m (down 1.8% from FY 2024). Net income: CA$2.85m (up CA$2.72m from FY 2024). Profit margin: 95% (up from 4.1% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Board Change • Jul 10
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director Donald Stewart was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 26
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Donald Stewart was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Donald Stewart was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Mar 20
Dividend of CA$0.40 announced Dividend of CA$0.40 is the same as last year. Ex-date: 21st March 2025 Payment date: 31st March 2025 Dividend yield will be 5.9%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by earnings (25% earnings payout ratio) but not covered by cash flows (127% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 16
Third quarter 2025 earnings released: EPS: CA$0.65 (vs CA$0.18 in 3Q 2024) Third quarter 2025 results: EPS: CA$0.65 (up from CA$0.18 in 3Q 2024). Revenue: CA$823.8k (up 6.4% from 3Q 2024). Net income: CA$1.17m (up 270% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Mar 15
The Becker Milk Company Limited Declares Regular Semi-Annual Dividend on Class B Special and Common Shares, Payable on March 31, 2025 The Becker Milk Company Limited declared the regular semi-annual dividend on Class B Common Shares of 40 cents per share. This dividend of 40 cents will be paid to those shareholders of record as of March 21, 2025, and payable on March 31, 2025. Reported Earnings • Dec 14
Second quarter 2025 earnings released: EPS: CA$0.64 (vs CA$0.44 loss in 2Q 2024) Second quarter 2025 results: EPS: CA$0.64 (up from CA$0.44 loss in 2Q 2024). Revenue: CA$724.0k (up 7.0% from 2Q 2024). Net income: CA$1.16m (up CA$1.95m from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Declared Dividend • Sep 16
Dividend of CA$0.40 announced Shareholders will receive a dividend of CA$0.40. Ex-date: 20th September 2024 Payment date: 30th September 2024 Dividend yield will be 14%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 11x earnings) nor is it covered by cash flows (156% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. The company's earnings per share (EPS) would need to grow by 1,166% to bring the payout ratio under control. However, EPS has declined by 38% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Sep 15
First quarter 2025 earnings released: EPS: CA$0.14 (vs CA$0.14 in 1Q 2024) First quarter 2025 results: EPS: CA$0.14 (up from CA$0.14 in 1Q 2024). Revenue: CA$727.5k (up 8.7% from 1Q 2024). Net income: CA$250.4k (up 1.0% from 1Q 2024). Profit margin: 34% (down from 37% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Announcement • Sep 13
The Becker Milk Company Limited Declares Regular Semi-Annual Dividend on Class B Special and Common Shares, Payable on September 30, 2024 The Directors of The Becker Milk Company Limited declared the regular semi-annual dividend on Class B Special and Common Shares of 40 cents per share. This dividend of 40 cents will be paid to those shareholders of record as of September 20, 2024, and payable on September 30, 2024. New Risk • Jul 17
New major risk - Revenue and earnings growth Earnings have declined by 1.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 1.2% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (173% payout ratio). Large one-off items impacting financial results. Revenue is less than US$5m (CA$3.0m revenue, or US$2.2m). Market cap is less than US$100m (CA$22.4m market cap, or US$16.4m). Reported Earnings • Jul 17
Full year 2024 earnings released: EPS: CA$0.069 (vs CA$0.43 loss in FY 2023) Full year 2024 results: EPS: CA$0.069 (up from CA$0.43 loss in FY 2023). Revenue: CA$3.05m (up 12% from FY 2023). Net income: CA$124.5k (up CA$902.8k from FY 2023). Profit margin: 4.1% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Board Change • May 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Donald Stewart was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 15
Third quarter 2024 earnings released: EPS: CA$0.18 (vs CA$0.17 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.18 (up from CA$0.17 in 3Q 2023). Revenue: CA$838.7k (up 11% from 3Q 2023). Net income: CA$317.5k (up 2.4% from 3Q 2023). Profit margin: 38% (down from 41% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Mar 13
the Becker Milk Company Limited Declares Regular Semi-Annual Dividend on Class B Special and Common Shares, Payable on March 28, 2024 The Directors of the Becker Milk Company Limited have declared the regular semi-annual dividend on Class B Special and Common Shares of 40 cents per share. This dividend of 40 cents will be paid to those shareholders of record as of March 20, 2024, and payable on March 28, 2024. Buy Or Sell Opportunity • Jan 22
Now 30% overvalued The stock has been flat over the last 90 days, currently trading at CA$15.18. The fair value is estimated to be CA$11.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last 3 years. Earnings per share has declined by 19%. Announcement • Jan 17
the Becker Milk Company Limited Declares Special Dividend on Class B Special and Common Shares, Payable on January 31, 2024 The Becker Milk Company Limited declared a special dividend on Class B Special and Common Shares of $1.00 per share. This dividend will be paid to those shareholders of record as of January 24, 2024 and payable on January 31, 2024. Reported Earnings • Dec 14
Second quarter 2024 earnings released: CA$0.44 loss per share (vs CA$1.21 loss in 2Q 2023) Second quarter 2024 results: CA$0.44 loss per share (improved from CA$1.21 loss in 2Q 2023). Revenue: CA$745.5k (up 19% from 2Q 2023). Net loss: CA$794.8k (loss narrowed 64% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Board Change • Dec 08
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Donald Stewart was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Donald Stewart was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 14
First quarter 2024 earnings released: EPS: CA$0.14 (vs CA$0.018 in 1Q 2023) First quarter 2024 results: EPS: CA$0.14 (up from CA$0.018 in 1Q 2023). Net income: CA$248.0k (up CA$215.2k from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year. Announcement • Sep 13
The Becker Milk Company Limited Declares Regular Semi-Annual Dividend on Class B Special and Common Shares, Payable on September 29, 2023 The Becker Milk Company Limited declared the regular semi-annual dividend on Class B Special and Common Shares of 40 cents per share. This dividend of 40 cents will be paid to those shareholders of record as of September 21, 2023, and payable on September 29, 2023. New Risk • Jul 22
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 160% Dividend yield: 6.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 160% Minor Risks Revenue is less than US$5m (CA$2.7m revenue, or US$2.1m). Market cap is less than US$100m (CA$23.1m market cap, or US$17.5m). Reported Earnings • Jul 20
Full year 2023 earnings released: CA$0.43 loss per share (vs CA$3.13 profit in FY 2022) Full year 2023 results: CA$0.43 loss per share (down from CA$3.13 profit in FY 2022). Net loss: CA$778.4k (down 114% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • May 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Donald Stewart was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 16
Third quarter 2023 earnings released: EPS: CA$0.17 (vs CA$0.057 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.17 (up from CA$0.057 in 3Q 2022). Net income: CA$310.0k (up 200% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 15
Second quarter 2023 earnings released: CA$1.21 loss per share (vs CA$0.12 profit in 2Q 2022) Second quarter 2023 results: CA$1.21 loss per share (down from CA$0.12 profit in 2Q 2022). Net loss: CA$2.19m (down CA$2.40m from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Donald Stewart was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 14
First quarter 2023 earnings released: EPS: CA$0.018 (vs CA$0.13 in 1Q 2022) First quarter 2023 results: EPS: CA$0.018 (down from CA$0.13 in 1Q 2022). Net income: CA$32.8k (down 86% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Sep 13
The Becker Milk Company Limited Declares the Regular Semi-Annual Dividend on Class B Special and Common Shares, Payable on September 30, 2022 The Becker Milk Company Limited declared the regular semi-annual dividend on Class B Special and Common Shares of 40 cents per share. This dividend of 40 cents will be paid to those shareholders of record as of September 21, 2022 and payable on September 30, 2022. Reported Earnings • Jul 24
Full year 2022 earnings released: EPS: CA$3.13 (vs CA$1.96 in FY 2021) Full year 2022 results: EPS: CA$3.13 (up from CA$1.96 in FY 2021). Net income: CA$5.67m (up 60% from FY 2021). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Board Change • Jul 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Donald Stewart was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Donald Stewart was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 17
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: CA$0.057 (down from CA$0.12 in 3Q 2021). Net income: CA$103.2k (down 52% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 17
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: CA$0.12 (up from CA$0.082 in 2Q 2021). Net income: CA$211.8k (up 42% from 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 15
First quarter 2022 earnings released: EPS CA$0.13 (vs CA$0.15 in 1Q 2021) First quarter 2022 results: Net income: CA$232.9k (down 13% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 13
Upcoming dividend of CA$0.40 per share Eligible shareholders must have bought the stock before 20 September 2021. Payment date: 30 September 2021. Trailing yield: 5.7%. Within top quartile of Canadian dividend payers (4.5%). Higher than average of industry peers (0.6%). Reported Earnings • Jul 21
Full year 2021 earnings released Full year 2021 results: Net income: CA$3.54m (up 324% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 19
Third quarter 2021 earnings released: EPS CA$0.12 (vs CA$0.16 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$723.0k (down 7.6% from 3Q 2020). Net income: CA$214.5k (down 27% from 3Q 2020). Profit margin: 30% (down from 38% in 3Q 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Mar 16
The Becker Milk Company Limited Announces Dividend Payment, Payable on March 31, 2021 The Becker Milk Company Limited announced The Directors of the Company have declared a dividend on Class B Special and Common Shares of 40 cents per share. The dividend of 40 cents will be paid to those shareholders of record as of March 23, 2021 and payable on March 31, 2021. Is New 90 Day High Low • Mar 03
New 90-day high: CA$12.89 The company is up 7.0% from its price of CA$12.00 on 02 December 2020. The Canadian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 9.0% over the same period. Is New 90 Day High Low • Jan 20
New 90-day high: CA$12.58 The company is up 6.0% from its price of CA$11.85 on 19 October 2020. The Canadian market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is up 4.0% over the same period. Reported Earnings • Dec 14
Second quarter 2021 earnings released: EPS CA$0.082 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$740.3k (down 4.4% from 2Q 2020). Net income: CA$148.9k (down 31% from 2Q 2020). Profit margin: 20% (down from 28% in 2Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.