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Pollard Banknote

OTCPK:PBKO.F
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PBKO.F
OTCPK
CA$623M
Market Cap
  1. Home
  2. US
  3. Consumer Services
Company description

Pollard Banknote Limited, together with its subsidiaries, provides lottery and gaming products and services worldwide. The last earnings update was 43 days ago. More info.


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PBKO.F Share Price and Events
7 Day Returns
0%
OTCPK:PBKO.F
0.9%
US Hospitality
1.2%
US Market
1 Year Returns
9.7%
OTCPK:PBKO.F
-9.1%
US Hospitality
2.3%
US Market
PBKO.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pollard Banknote (PBKO.F) 0% 9.9% 9.9% 9.7% 196.3% 389.6%
US Hospitality 0.9% 1.2% 2.4% -9.1% 41.6% 21.5%
US Market 1.2% 2% 2% 2.3% 37.9% 39.8%
1 Year Return vs Industry and Market
  • PBKO.F outperformed the Hospitality industry which returned -9.1% over the past year.
  • PBKO.F outperformed the Market in United States of America which returned 2.3% over the past year.
Price Volatility
PBKO.F
Industry
5yr Volatility vs Market

PBKO.F Value

 Is Pollard Banknote undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Pollard Banknote to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Pollard Banknote.

OTCPK:PBKO.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:PBKO.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.926 (1 + (1- 26.5%) (20.33%))
1.043
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.043 * 5.96%)
8.95%

Discounted Cash Flow Calculation for OTCPK:PBKO.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Pollard Banknote is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:PBKO.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 8.95%)
2019 36.24 Analyst x3 33.26
2020 42.66 Analyst x3 35.94
2021 47.87 Est @ 12.19% 37.02
2022 52.34 Est @ 9.36% 37.15
2023 56.20 Est @ 7.37% 36.62
2024 59.56 Est @ 5.98% 35.62
2025 62.54 Est @ 5% 34.33
2026 65.24 Est @ 4.32% 32.87
2027 67.75 Est @ 3.84% 31.33
2028 70.13 Est @ 3.51% 29.77
Present value of next 10 years cash flows CA$343.90
OTCPK:PBKO.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$70.13 × (1 + 2.73%) ÷ (8.95% – 2.73%)
CA$1,158.77
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$1,158.77 ÷ (1 + 8.95%)10
CA$491.87
OTCPK:PBKO.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$343.90 + CA$491.87
CA$835.77
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$835.77 / 25.63
CA$32.61
OTCPK:PBKO.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:PBKO.F represents 0.74672x of TSX:PBL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.74672x
Value per Share
(Listing Adjusted, USD)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 32.61 x 0.74672
$24.35
Value per share (USD) From above. $24.35
Current discount Discount to share price of $18.15
= -1 x ($18.15 - $24.35) / $24.35
25.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Pollard Banknote is available for.
Intrinsic value
25%
Share price is $18.15 vs Future cash flow value of $24.35
Current Discount Checks
For Pollard Banknote to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Pollard Banknote's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Pollard Banknote's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Pollard Banknote's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pollard Banknote's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:PBKO.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CAD CA$0.72
TSX:PBL Share Price ** TSX (2019-06-07) in CAD CA$24.3
United States of America Hospitality Industry PE Ratio Median Figure of 74 Publicly-Listed Hospitality Companies 22.6x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Pollard Banknote.

OTCPK:PBKO.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:PBL Share Price ÷ EPS (both in CAD)

= 24.3 ÷ 0.72

33.92x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pollard Banknote is overvalued based on earnings compared to the US Hospitality industry average.
  • Pollard Banknote is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Pollard Banknote's expected growth come at a high price?
Raw Data
OTCPK:PBKO.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 33.92x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
24.1%per year
United States of America Hospitality Industry PEG Ratio Median Figure of 55 Publicly-Listed Hospitality Companies 1.98x
United States of America Market PEG Ratio Median Figure of 2,128 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

OTCPK:PBKO.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 33.92x ÷ 24.1%

1.41x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pollard Banknote is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Pollard Banknote's assets?
Raw Data
OTCPK:PBKO.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CAD CA$4.58
TSX:PBL Share Price * TSX (2019-06-07) in CAD CA$24.3
United States of America Hospitality Industry PB Ratio Median Figure of 112 Publicly-Listed Hospitality Companies 2.22x
United States of America Market PB Ratio Median Figure of 5,246 Publicly-Listed Companies 1.8x
OTCPK:PBKO.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:PBL Share Price ÷ Book Value per Share (both in CAD)

= 24.3 ÷ 4.58

5.3x

* Primary Listing of Pollard Banknote.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pollard Banknote is overvalued based on assets compared to the US Hospitality industry average.
X
Value checks
We assess Pollard Banknote's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Pollard Banknote has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PBKO.F Future Performance

 How is Pollard Banknote expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
24.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pollard Banknote expected to grow at an attractive rate?
  • Pollard Banknote's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Pollard Banknote's earnings growth is expected to exceed the United States of America market average.
  • Pollard Banknote's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:PBKO.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:PBKO.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 24.1%
OTCPK:PBKO.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 7.3%
United States of America Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 16.7%
United States of America Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 7.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:PBKO.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:PBKO.F Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 477 1
2021-12-31 450 1
2020-12-31 420 31 4
2019-12-31 395 28 28 4
OTCPK:PBKO.F Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-31 349 25 18
2018-12-31 332 40 15
2018-09-30 341 38 21
2018-06-30 317 33 19
2018-03-31 309 36 20
2017-12-31 286 28 17
2017-09-30 272 26 16
2017-06-30 264 25 14
2017-03-31 240 24 10
2016-12-31 246 12 12
2016-09-30 238 12 10
2016-06-30 233 14 9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pollard Banknote's earnings are expected to grow significantly at over 20% yearly.
  • Pollard Banknote's revenue is expected to grow by 7.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:PBKO.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Pollard Banknote Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:PBKO.F Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.68 1.68 1.68 1.00
2021-12-31 1.45 1.45 1.45 1.00
2020-12-31 1.20 1.32 1.07 3.00
2019-12-31 1.06 1.18 0.97 3.00
OTCPK:PBKO.F Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-31 0.72
2018-12-31 0.58
2018-09-30 0.85
2018-06-30 0.76
2018-03-31 0.82
2017-12-31 0.71
2017-09-30 0.69
2017-06-30 0.61
2017-03-31 0.44
2016-12-31 0.52
2016-09-30 0.41
2016-06-30 0.37

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Pollard Banknote will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Pollard Banknote's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Pollard Banknote has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PBKO.F Past Performance

  How has Pollard Banknote performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Pollard Banknote's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Pollard Banknote has delivered over 20% year on year earnings growth in the past 5 years.
  • Pollard Banknote's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Pollard Banknote's 1-year earnings growth is negative, it can't be compared to the US Hospitality industry average.
Earnings and Revenue History
Pollard Banknote's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Pollard Banknote Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:PBKO.F Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 349.07 18.35 46.24
2018-12-31 331.87 14.85 44.35
2018-09-30 341.22 21.12 42.56
2018-06-30 317.50 18.55 38.63
2018-03-31 308.58 19.54 37.02
2017-12-31 285.65 16.78 33.62
2017-09-30 271.77 16.24 31.40
2017-06-30 263.70 14.45 30.89
2017-03-31 239.79 10.47 28.58
2016-12-31 246.41 12.27 28.96
2016-09-30 237.96 9.71 29.41
2016-06-30 233.18 8.74 28.79
2016-03-31 230.64 9.65 27.87
2015-12-31 221.03 7.46 26.55
2015-09-30 206.96 8.32 25.21
2015-06-30 202.61 8.13 24.35
2015-03-31 198.21 9.03 24.33
2014-12-31 194.47 8.75 23.84
2014-09-30 198.88 7.52 23.43
2014-06-30 193.49 8.45 23.15
2014-03-31 191.22 5.62 22.43
2013-12-31 184.94 5.45 22.00
2013-09-30 178.29 5.91 21.19
2013-06-30 174.26 6.63 20.05
2013-03-31 170.27 6.64 19.89
2012-12-31 162.43 6.52 19.71
2012-09-30 166.09 6.86 20.03
2012-06-30 165.79 2.29 20.18

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Pollard Banknote has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Pollard Banknote used its assets more efficiently than the US Hospitality industry average last year based on Return on Assets.
  • Pollard Banknote's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Pollard Banknote's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Pollard Banknote has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PBKO.F Health

 How is Pollard Banknote's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Pollard Banknote's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pollard Banknote is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Pollard Banknote's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Pollard Banknote's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Pollard Banknote Company Filings, last reported 2 months ago.

OTCPK:PBKO.F Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 117.51 126.59 2.75
2018-12-31 117.64 115.80 11.17
2018-09-30 117.93 77.37 4.68
2018-06-30 110.50 82.51 9.03
2018-03-31 100.75 76.38 7.66
2017-12-31 57.57 101.29 5.60
2017-09-30 59.84 103.25 4.80
2017-06-30 52.94 62.54 6.19
2017-03-31 52.75 69.96 10.51
2016-12-31 51.84 76.98 7.50
2016-09-30 48.99 80.70 8.53
2016-06-30 46.58 80.30 9.03
2016-03-31 45.38 80.13 5.86
2015-12-31 43.58 80.10 7.59
2015-09-30 40.29 80.36 6.65
2015-06-30 37.96 79.08 7.79
2015-03-31 35.91 78.10 6.93
2014-12-31 33.92 75.96 6.21
2014-09-30 38.97 77.07 7.67
2014-06-30 37.26 76.13 6.09
2014-03-31 34.59 73.81 7.07
2013-12-31 33.64 73.35 7.77
2013-09-30 29.11 73.39 6.90
2013-06-30 27.46 71.24 6.71
2013-03-31 26.74 73.06 3.99
2012-12-31 26.01 70.49 4.98
2012-09-30 30.33 71.06 5.38
2012-06-30 28.10 71.96 4.47
  • Pollard Banknote's level of debt (92.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (213.3% vs 92.7% today).
  • Debt is well covered by operating cash flow (23%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.7x coverage).
X
Financial health checks
We assess Pollard Banknote's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Pollard Banknote has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PBKO.F Dividends

 What is Pollard Banknote's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.66%
Current annual income from Pollard Banknote dividends.
If you bought $2,000 of Pollard Banknote shares you are expected to receive $13 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Pollard Banknote's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Pollard Banknote's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
Upcoming dividend payment

Purchase Pollard Banknote before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:PBKO.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 47 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:PBKO.F Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2019-12-31
OTCPK:PBKO.F Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-05-08 0.160 0.685
2019-03-13 0.160 0.720
2018-11-06 0.120 0.535
2018-08-08 0.120 0.548
2018-05-09 0.120 0.561
2018-03-12 0.120 0.548
2017-11-08 0.120 0.655
2017-08-09 0.120 0.856
2017-05-10 0.120 1.126
2017-03-14 0.120 1.190
2016-11-15 0.120 1.472
2016-08-10 0.120 1.471
2016-05-11 0.120 1.538
2016-03-14 0.120 1.499
2015-11-05 0.120 1.578
2015-08-05 0.120 1.669
2015-05-05 0.120 1.590
2015-03-10 0.120 1.755
2014-11-11 0.120 2.153
2014-08-07 0.120 2.504
2014-05-06 0.120 2.973
2014-03-06 0.120 3.195
2013-11-07 0.120 3.477
2013-08-07 0.120 3.952
2013-05-08 0.120 4.446
2013-03-06 0.120 4.889
2012-11-06 0.120 5.321
2012-08-09 0.120 5.950
2012-05-08 0.120 6.142
2012-03-08 0.120 6.123
2011-11-10 0.120 6.701
2011-08-03 0.120 6.150
2011-05-12 0.120 5.574
2011-03-09 0.120 5.422
2010-11-04 0.120 5.036
2010-08-04 0.120 4.954
2010-04-09 0.120 4.610
2010-03-04 0.120 4.138
2010-01-28 0.120 3.793
2010-01-08 0.120 2.717
2009-12-09 0.570 13.723
2009-11-06 0.570 13.531
2009-10-07 0.570 12.903
2009-09-09 0.570 12.509
2009-08-05 0.570 11.977
2009-07-08 0.570 15.418

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pollard Banknote is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • Pollard Banknote is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Pollard Banknote's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Pollard Banknote's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Pollard Banknote's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Pollard Banknote afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pollard Banknote has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PBKO.F Management

 What is the CEO of Pollard Banknote's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Pollard
COMPENSATION CA$342,106
AGE 56
TENURE AS CEO 22.4 years
CEO Bio

Mr. John S. Pollard, B.Comm., CA, has been the Co-Chief Executive Officer at Pollard Banknote Limited since 1997, which acts as general partner of Pollard Banknote Income Fund and Pollard Holdings Limited Partnership since 1997. Mr. Pollard joined Pollard Banknote Limited in 1986 as Vice President of Finance. He served as a Senior Financial Officer of Pollard Banknote Limited from 1986 to 1994. Prior to 1986, he was an associate with the accounting firm Deloitte & Touche LLP. He has been a Director of Pollard Banknote Limited since 2005. He has been a Director of Innova Gaming Group Inc. since August 11, 2017. He has been a Director of lard Banknote Limited which is a General Partner of Pollard Holdings Limited Partnership since 2005. He served as a Director of Winpak Ltd., since May 30, 2002. Mr. Pollard has a B.Comm from the University of Manitoba and was a member of the Institute of Chartered Accountants of Manitoba.

CEO Compensation
  • John's compensation has been consistent with company performance over the past year, both up more than 20%.
  • John's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Pollard Banknote management team in years:

8.1
Average Tenure
56
Average Age
  • The average tenure for the Pollard Banknote management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

John Pollard

TITLE
Co-CEO & Director
COMPENSATION
CA$342K
AGE
56
TENURE
22.4 yrs

Doug Pollard

TITLE
Co-CEO & Director
COMPENSATION
CA$312K
AGE
47
TENURE
8.1 yrs

Rob Rose

TITLE
Executive VP of Finance & CFO
COMPENSATION
CA$440K
TENURE
23.4 yrs

Rob Young

TITLE
Executive Vice President of Operations
COMPENSATION
CA$493K

Riva Richard

TITLE
Executive VP of Legal Affairs
COMPENSATION
CA$416K

Jennifer Westbury

TITLE
Executive Vice President of Sales & Customer Development
COMPENSATION
CA$512K

Gordon Pollard

TITLE
Executive Chairman
COMPENSATION
CA$101K
AGE
58

Paul Franzmann

TITLE
Executive Vice President of Corporate Development
TENURE
2.1 yrs

Pedro Melo

TITLE
Executive Vice President of Information Technology
TENURE
1.9 yrs
Board of Directors Tenure

Average tenure and age of the Pollard Banknote board of directors in years:

9.3
Average Tenure
58
Average Age
  • The tenure for the Pollard Banknote board of directors is about average.
Board of Directors

John Pollard

TITLE
Co-CEO & Director
COMPENSATION
CA$342K
AGE
56
TENURE
14.4 yrs

Doug Pollard

TITLE
Co-CEO & Director
COMPENSATION
CA$312K
AGE
47
TENURE
14.4 yrs

Gordon Pollard

TITLE
Executive Chairman
COMPENSATION
CA$101K
AGE
58
TENURE
8.1 yrs

Garry Leach

TITLE
Director
COMPENSATION
CA$67K
AGE
70
TENURE
10.4 yrs

Dave Brown

TITLE
Director
COMPENSATION
CA$70K
AGE
58
TENURE
2.1 yrs

Jerry Gray

TITLE
Lead Director
COMPENSATION
CA$70K
AGE
75
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • Pollard Banknote insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
07. Jun 19 Sell Jennifer Westbury Individual 07. Jun 19 07. Jun 19 -5,000 $17.69 $-88,446
04. Apr 19 Sell Jennifer Westbury Individual 04. Apr 19 04. Apr 19 -5,000 $16.55 $-82,745
19. Mar 19 Buy Pedro Melo Individual 18. Mar 19 18. Mar 19 1,550 $16.85 $26,093
19. Mar 19 Buy Jennifer Westbury Individual 19. Mar 19 19. Mar 19 5,000 $2.73 $13,641
13. Feb 19 Sell Robert Young Individual 26. Oct 18 26. Oct 18 -5,000 $17.55 $-87,737
11. Feb 19 Sell Robert Young Individual 17. Oct 18 17. Oct 18 -5,000 $17.71 $-88,562
X
Management checks
We assess Pollard Banknote's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Pollard Banknote has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PBKO.F News

Simply Wall St News

PBKO.F Company Info

Description

Pollard Banknote Limited, together with its subsidiaries, provides lottery and gaming products and services worldwide. The company operates in two segments, Lotteries and Charitable Gaming, and Diamond Game. The Lotteries and Charitable Gaming segment manufactures instant tickets and related products. The Diamond Game segment develops game systems. It offers a range of licensed games and Web/mobile games. The company’s charitable gaming products include pull-tab tickets, bingo paper, pull-tab vending machines, and pull-tab counting and gaming machines. It also leases gaming machines and other equipment; and provides lottery ticket dispensers and play stations. The company was formerly known as 7510101 Canada Limited. Pollard Banknote Limited was founded in 1907 and is headquartered in Winnipeg, Canada. Pollard Banknote Limited is a subsidiary of Pollard Equities Limited.

Details
Name: Pollard Banknote Limited
PBKO.F
Exchange: OTCPK
Founded: 1907
CA$466,483,158
25,630,658
Website: http://www.pollardbanknote.com
Address: Pollard Banknote Limited
140 Otter Street,
Winnipeg,
Manitoba, R3T 0M8,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX PBL Common Shares The Toronto Stock Exchange CA CAD 05. Aug 2005
OTCPK PBKO.F Common Shares Pink Sheets LLC US USD 05. Aug 2005
Number of employees
Current staff
Staff numbers
1,651
Pollard Banknote employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/20 00:39
End of day share price update: 2019/06/07 00:00
Last estimates confirmation: 2019/05/15
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.