FREEHOLD ROYALTIES LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 14.47 CAD | +1.33% |
|
+1.19% | +5.70% |
| Apr. 16 | Freehold Royalties Ltd. Declares Dividend for April 2024, Payable on May 15, 2024 | CI |
| Apr. 15 | RBC Capital Markets Details Sales Desk Presentation Highlights from Freehold Royalties | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 864.4 | 618.7 | 1,754 | 2,385 | 2,063 | 2,180 | - | - |
| Enterprise Value (EV) 1 | 959 | 684.4 | 1,856 | 2,513 | 2,157 | 2,302 | 2,205 | 2,115 |
| P/E ratio | 182 x | -43.4 x | 22 x | 11.4 x | 15.6 x | 11.4 x | 7.91 x | - |
| Yield | 8.64% | 5.71% | 4.21% | 5.94% | 7.89% | 7.46% | 7.46% | 7.46% |
| Capitalization / Revenue | 6.11 x | 6.88 x | 8.51 x | 6.07 x | 6.56 x | 6.69 x | 5.98 x | 6.81 x |
| EV / Revenue | 6.78 x | 7.61 x | 9 x | 6.39 x | 6.86 x | 7.06 x | 6.05 x | 6.61 x |
| EV / EBITDA | 7.88 x | 9.09 x | 9.83 x | 6.78 x | 7.43 x | 8.02 x | 6.59 x | - |
| EV / FCF | 14 x | 10.8 x | -9.9 x | 7.94 x | 10.5 x | 12 x | 8.92 x | 8.99 x |
| FCF Yield | 7.12% | 9.28% | -10.1% | 12.6% | 9.56% | 8.37% | 11.2% | 11.1% |
| Price to Book | - | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 118,568 | 118,746 | 150,585 | 150,654 | 150,684 | 150,689 | - | - |
| Reference price 2 | 7.290 | 5.210 | 11.65 | 15.83 | 13.69 | 14.47 | 14.47 | 14.47 |
| Announcement Date | 3/5/20 | 3/4/21 | 3/2/22 | 3/1/23 | 2/28/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 141.5 | 89.96 | 206.2 | 393 | 314.6 | 325.9 | 364.7 | 320 |
| EBITDA 1 | 121.7 | 75.29 | 188.8 | 370.4 | 290.4 | 287 | 334.5 | - |
| EBIT 1 | - | -13.7 | 98.3 | 275.1 | - | 320 | 428 | - |
| Operating Margin | - | -15.23% | 47.68% | 70.01% | - | 98.18% | 117.37% | - |
| Earnings before Tax (EBT) 1 | 8.461 | -17.08 | 94.81 | 269 | 172.4 | 179.7 | - | - |
| Net income 1 | 5.193 | -13.93 | 72.08 | 209.2 | 131.9 | 112.6 | - | - |
| Net margin | 3.67% | -15.49% | 34.96% | 53.23% | 41.93% | 34.53% | - | - |
| EPS 2 | 0.0400 | -0.1200 | 0.5300 | 1.390 | 0.8800 | 1.267 | 1.830 | - |
| Free Cash Flow 1 | 68.28 | 63.5 | -187.4 | 316.5 | 206.3 | 192.6 | 247.2 | 235.4 |
| FCF margin | 48.26% | 70.58% | -90.86% | 80.53% | 65.57% | 59.11% | 67.8% | 73.56% |
| FCF Conversion (EBITDA) | 56.12% | 84.33% | - | 85.46% | 71.04% | 67.12% | 73.92% | - |
| FCF Conversion (Net income) | 1,314.9% | - | - | 151.3% | 156.38% | 171.16% | - | - |
| Dividend per Share 2 | 0.6300 | 0.2975 | 0.4900 | 0.9400 | 1.080 | 1.080 | 1.080 | 1.080 |
| Announcement Date | 3/5/20 | 3/4/21 | 3/2/22 | 3/1/23 | 2/28/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 50.88 | 73.64 | 87.6 | 108.5 | 98.42 | 98.5 | 75.93 | 73.71 | 84.23 | - | 83.4 | 79.2 | 79.4 | 81.7 |
| EBITDA 1 | 51.42 | 66.38 | 78.13 | 103.4 | 93.16 | 91.36 | 70.59 | 67.62 | 78.54 | 74.38 | 68 | - | - | - |
| EBIT 1 | 29.27 | 42.29 | 52.11 | 85.63 | 81.93 | 55.48 | 42.92 | 35.2 | 57.18 | - | 49.9 | 46.2 | 45.7 | 47.5 |
| Operating Margin | 57.53% | 57.43% | 59.48% | 78.93% | 83.25% | 56.32% | 56.52% | 47.76% | 67.89% | - | 59.83% | 58.33% | 57.56% | 58.14% |
| Earnings before Tax (EBT) 1 | 28.56 | 41.24 | 51.26 | 84.8 | 80.18 | 52.78 | 40.52 | 32.57 | 54.28 | - | 48.7 | 45.1 | 44.5 | 46.4 |
| Net income 1 | 22.73 | 31.18 | 38.4 | 66.88 | 63.18 | 40.74 | 31.1 | 24.3 | 42.27 | - | 27.8 | 25.7 | 25.4 | 26.4 |
| Net margin | 44.67% | 42.34% | 43.83% | 61.64% | 64.19% | 41.36% | 40.96% | 32.97% | 50.18% | - | 33.33% | 32.45% | 31.99% | 32.31% |
| EPS 2 | 0.1700 | 0.2100 | 0.2500 | 0.4400 | 0.4200 | 0.2700 | 0.2100 | 0.1600 | 0.2800 | - | 0.3800 | - | - | - |
| Dividend per Share 2 | 0.1400 | 0.1700 | 0.1800 | 0.2400 | 0.2600 | 0.2700 | 0.2700 | 0.2700 | 0.2700 | 0.2700 | 0.2700 | 0.2700 | 0.2700 | 0.2700 |
| Announcement Date | 11/10/21 | 3/2/22 | 5/10/22 | 8/9/22 | 11/8/22 | 3/1/23 | 5/10/23 | 7/31/23 | 11/8/23 | 2/28/24 | - | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 94.6 | 65.8 | 101 | 128 | 93.7 | 122 | 24.8 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 65 |
| Leverage (Debt/EBITDA) | 0.7777 x | 0.8735 x | 0.5361 x | 0.3454 x | 0.3227 x | 0.424 x | 0.0741 x | - |
| Free Cash Flow 1 | 68.3 | 63.5 | -187 | 316 | 206 | 193 | 247 | 235 |
| ROE (net income / shareholders' equity) | - | - | - | - | - | - | - | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share | - | - | - | - | - | - | - | - |
| Cash Flow per Share 2 | 1.000 | 0.6100 | 1.390 | 2.100 | 1.580 | 1.670 | 1.750 | - |
| Capex 1 | 49.8 | 9.4 | 377 | 191 | 10.6 | 116 | - | - |
| Capex / Sales | 35.21% | 10.44% | 182.84% | 48.55% | 3.38% | 35.65% | - | - |
| Announcement Date | 3/5/20 | 3/4/21 | 3/2/22 | 3/1/23 | 2/28/24 | - | - | - |
1CAD in Million2CAD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
14.47
CAD
Average target price
17.32
CAD
Spread / Average Target
+19.71%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +5.70% | 1.59B | |
| +11.22% | 306B | |
| +12.21% | 153B | |
| +51.38% | 124B | |
| +22.70% | 83.43B | |
| +12.20% | 78.06B | |
| +19.56% | 62.81B | |
| +13.52% | 60.08B | |
| +12.74% | 49.91B | |
| +33.97% | 37.05B |
- Stock Market
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- Financials Freehold Royalties Ltd.
