Company Valuation: Cascades Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,409 849.1 1,282 1,203 1,262 1,787 - -
Change - -39.74% 50.97% -6.17% 4.91% 41.62% - -
Enterprise Value (EV) 1 2,760 2,815 3,164 3,299 3,158 3,482 3,252 2,888
Change - 1.99% 12.39% 4.26% -4.27% 10.27% -6.62% -11.18%
P/E - - -16.8x - - 15.1x 8.6x -
PBR 0.76x 0.46x 0.74x 0.7x 0.73x 0.97x 0.93x -
PEG - - - - - - 0.1x -
Capitalization / Revenue 0.36x 0.19x 0.28x 0.26x 0.26x 0.36x 0.34x 0.34x
EV / Revenue 0.7x 0.63x 0.68x 0.7x 0.66x 0.71x 0.62x 0.55x
EV / EBITDA 7.1x 7.49x 5.67x 6.58x 5.48x 5.93x 4.69x 4.01x
EV / EBIT 20.1x 22.7x 11.1x 15.1x 10.9x 10.6x 7.85x -
EV / FCF -36.8x -7.89x 19.8x 29.7x 13.9x 13.8x 12.6x 10.5x
FCF Yield -2.72% -12.7% 5.06% 3.36% 7.19% 7.26% 7.96% 9.56%
Dividend per Share 2 0.48 0.48 0.48 0.48 - 0.48 0.48 0.48
Rate of return 3.44% 5.67% 3.77% 4.03% - 2.72% 2.72% 2.72%
EPS 2 - - -0.76 - - 1.17 2.05 -
Distribution rate - - -63.2% - - 41% 23.4% -
Net sales 1 3,956 4,466 4,638 4,701 4,776 4,922 5,230 5,261
EBITDA 1 389 376 558 501 576 586.8 693.6 720
EBIT 1 137 124 286 219 289 330 414 -
Net income 1 - - -76 - - 147.8 208.6 -
Net Debt 1 1,351 1,966 1,882 2,096 1,896 1,695 1,465 1,101
Reference price 2 13.97 8.46 12.73 11.91 12.46 17.62 17.62 17.62
Nbr of stocks (in thousands) 100,860 100,362 100,695 100,988 101,269 101,420 - -
Announcement Date 2/24/22 A 2/23/23 A 2/22/24 A 2/20/25 A 2/26/26 A - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- 0.7x5.88x2.77% 1.26B
25.73x1.21x7.77x3.74% 25.8B
25.87x2.58x12.41x2.11% 22.7B
32.82x1.25x9.48x4.36% 21.79B
23.18x2.53x10.38x1.61% 7.23B
14.86x1.26x7.27x3.69% 5.74B
19.66x2.36x14.02x3.46% 5.37B
-171.46x0.9x8.3x2.05% 5.34B
9.11x1.38x9.87x1.04% 4.91B
19.68x1.35x8.84x2.49% 4.02B
Average -0.06x 1.55x 9.42x 2.73% 10.42B
Weighted average by Cap. 14.90x 1.66x 9.76x 3.08%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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