| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 2/6 |
PRMW Stock Overview
Primo Water Corporation provides water direct to consumers and water filtration services in North America, Europe, and Israel.
Primo Water Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$16.96 |
| 52 Week High | CA$20.12 |
| 52 Week Low | CA$14.20 |
| Beta | 1.37 |
| 1 Month Change | -1.85% |
| 3 Month Change | 6.40% |
| 1 Year Change | 5.28% |
| 3 Year Change | 13.29% |
| 5 Year Change | 55.88% |
| Change since IPO | 266.70% |
Recent News & Updates
Shareholder Returns
| PRMW | US Beverage | US Market | |
|---|---|---|---|
| 7D | -3.0% | -0.3% | -4.6% |
| 1Y | 5.3% | 16.8% | 7.7% |
Return vs Industry: PRMW underperformed the US Beverage industry which returned 16.8% over the past year.
Return vs Market: PRMW underperformed the US Market which returned 7.7% over the past year.
Price Volatility
| PRMW volatility | |
|---|---|
| PRMW Average Weekly Movement | 4.9% |
| Beverage Industry Average Movement | 6.1% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: PRMW is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: PRMW's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | 8,880 | Tom Harrington | https://primowatercorp.com |
Primo Water Corporation provides water direct to consumers and water filtration services in North America, Europe, and Israel. The company offers bottled water, purified and spring bottled water, self-service refill drinking water, sparkling and flavored water, mineral water, and coffee; and water dispensers and filtration equipment. It provides its services to residential customers, small and medium-sized businesses, and regional and national corporations and retailers.
Primo Water Fundamentals Summary
| PRMW fundamental statistics | |
|---|---|
| Market Cap | US$2.73b |
| Earnings (TTM) | -US$20.40m |
| Revenue (TTM) | US$2.06b |
1.3x
P/S Ratio-133.8x
P/E RatioIs PRMW overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PRMW income statement (TTM) | |
|---|---|
| Revenue | US$2.06b |
| Cost of Revenue | US$908.40m |
| Gross Profit | US$1.15b |
| Expenses | US$1.17b |
| Earnings | -US$20.40m |
Last Reported Earnings
Oct 02, 2021
Next Earnings Date
Feb 24, 2022
| Earnings per share (EPS) | -0.13 |
| Gross Margin | 55.91% |
| Net Profit Margin | -0.99% |
| Debt/Equity Ratio | 108.6% |
How did PRMW perform over the long term?
See historical performance and comparisonDividends
1.4%
Current Dividend Yield-189%
Payout RatioValuation
Is Primo Water undervalued compared to its fair value and its price relative to the market?
42.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PRMW ($16.96) is trading below our estimate of fair value ($29.29)
Significantly Below Fair Value: PRMW is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PRMW is unprofitable, so we can't compare its PE Ratio to the US Beverage industry average.
PE vs Market: PRMW is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PRMW's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PRMW is good value based on its PB Ratio (2.1x) compared to the US Beverage industry average (4x).
Future Growth
How is Primo Water forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
40.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PRMW is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: PRMW is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: PRMW's is expected to become profitable in the next 3 years.
Revenue vs Market: PRMW's revenue (4.8% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: PRMW's revenue (4.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PRMW's Return on Equity is forecast to be low in 3 years time (10.9%).
Past Performance
How has Primo Water performed over the past 5 years?
-24.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PRMW is currently unprofitable.
Growing Profit Margin: PRMW is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PRMW is unprofitable, and losses have increased over the past 5 years at a rate of 24.7% per year.
Accelerating Growth: Unable to compare PRMW's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PRMW is unprofitable, making it difficult to compare its past year earnings growth to the Beverage industry (28.1%).
Return on Equity
High ROE: PRMW has a negative Return on Equity (-1.55%), as it is currently unprofitable.
Financial Health
How is Primo Water's financial position?
Financial Position Analysis
Short Term Liabilities: PRMW's short term assets ($529.7M) do not cover its short term liabilities ($663.0M).
Long Term Liabilities: PRMW's short term assets ($529.7M) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: PRMW's net debt to equity ratio (99.1%) is considered high.
Reducing Debt: PRMW's debt to equity ratio has reduced from 234% to 108.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable PRMW has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PRMW is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 10.3% per year.
Dividend
What is Primo Water current dividend yield, its reliability and sustainability?
1.41%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PRMW's dividend (1.41%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: PRMW's dividend (1.41%) is low compared to the top 25% of dividend payers in the US market (3.49%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, PRMW has been paying a dividend for less than 10 years.
Growing Dividend: PRMW's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: PRMW is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: PRMW's dividends in 3 years are forecast to be well covered by earnings (29.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.9yrs
Average management tenure
CEO
Tom Harrington (63 yo)
3.08yrs
Tenure
US$6,999,545
Compensation
Mr. Thomas J. Harrington, also known as Tom, has been Chief Executive Officer and Director at Primo Water Corporation (formerly known as Cott Corporation) since December 30, 2018 and is its President. and...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD7.00M) is above average for companies of similar size in the US market ($USD5.15M).
Compensation vs Earnings: Tom's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: PRMW's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
Experienced Board: PRMW's board of directors are considered experienced (8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PRMW insiders have sold more shares than they have bought 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
Primo Water Corporation's employee growth, exchange listings and data sources
Key Information
- Name: Primo Water Corporation
- Ticker: PRMW
- Exchange: NYSE
- Founded: NaN
- Industry: Soft Drinks
- Sector: Food, Beverage & Tobacco
- Implied Market Cap: CA$3.402b
- Listing Market Cap: CA$2.729b
- Shares outstanding: 160.10m
- Website: https://primowatercorp.com
Number of Employees
Location
- Primo Water Corporation
- 4221 West Boy Scout Boulevard
- Suite 400
- Tampa
- Florida
- 33607
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/20 23:50 |
| End of Day Share Price | 2022/01/20 00:00 |
| Earnings | 2021/10/02 |
| Annual Earnings | 2021/01/02 |
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.