Financials Yellow Pages Limited

Equities

Market Closed - Toronto S.E. Other stock markets 03:57:59 2024-04-26 pm EDT			5-day change	1st Jan Change
9.61 ^CAD	-0.93%		-1.33%	-14.73%

Feb. 14	Yellow Pages Reports Q4 Diluted EPS of $0.71; Increases Dividend	MT
Feb. 14	Transcript : Yellow Pages Limited, Q4 2023 Earnings Call, Feb 14, 2024

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	254.4	349.3	375.7	254.1	160.2	132.2	-	-
Enterprise Value (EV) ¹	366.4	349.7	302	210.2	160.2	166.2	170.2	169.2
P/E ratio	-	-	-	-	-	-	-	-
Yield	-	3.51%	4.1%	-	-	-	-	-
Capitalization / Revenue	0.63 x	1.05 x	1.31 x	0.95 x	0.67 x	0.63 x	0.7 x	-
EV / Revenue	0.91 x	1.05 x	1.05 x	0.78 x	0.67 x	0.79 x	0.9 x	-
EV / EBITDA	2.27 x	2.7 x	2.96 x	2.18 x	2.08 x	2.72 x	3.4 x	-
EV / FCF	3.54 x	2.88 x	3.03 x	4.72 x	-	3.73 x	4.77 x	-
FCF Yield	28.3%	34.7%	32.9%	21.2%	-	26.8%	21%	-
Price to Book	-15.3 x	11.9 x	-	-	-	-	-	-
Nbr of stocks (in thousands)	28,075	27,873	27,502	18,658	14,218	13,753	-	-
Reference price ²	9.060	12.53	13.66	13.62	11.27	9.610	9.610	9.610
Announcement Date	2/13/20	2/11/21	2/10/22	2/15/23	2/14/24	-	-	-

¹CAD in Million²CAD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	403.2	333.5	287.6	268.3	239.4	209.7	190.1	-
EBITDA ¹	161.3	129.4	102	96.57	76.86	61	50	-
EBIT ¹	122.2	101.8	82.36	81.17	63.2	49	40	33
Operating Margin	30.32%	30.51%	28.63%	30.26%	26.4%	23.37%	21.05%	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-
Net margin	-	-	-	-	-	-	-	-
EPS	-	-	-	-	-	-	-	-
Free Cash Flow ¹	103.6	121.4	99.5	44.5	-	44.58	35.66	-
FCF margin	25.7%	36.41%	34.59%	16.59%	-	21.27%	18.76%	-
FCF Conversion (EBITDA)	64.22%	93.81%	97.55%	46.08%	-	73.09%	71.32%	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	-	0.4400	0.5600	-	-	-	-	-
Announcement Date	2/13/20	2/11/21	2/10/22	2/15/23	2/14/24	-	-	-

¹CAD in Million

Estimates

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1
Net sales ¹	70.92	68.62	67.79
EBITDA ¹	26.62	24.36	25.41
EBIT	-	-	-
Operating Margin	-	-	-
Earnings before Tax (EBT)	-	-	-
Net income	-	-	-
Net margin	-	-	-
EPS	-	-	-
Dividend per Share ²	0.1500	0.1500	0.1500
Announcement Date	11/12/21	2/10/22	5/11/22

¹CAD in Million²CAD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	112	0.5	-	-	-	34	38	37
Net Cash position ¹	-	-	73.7	43.9	-	-	-	-
Leverage (Debt/EBITDA)	0.6943 x	0.00384 x	-	-	-	0.5574 x	0.76 x	-
Free Cash Flow ¹	104	121	99.5	44.5	-	44.6	35.7	-
ROE (net income / shareholders' equity)	-	-	-	-	-	-	-	-
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets	-	-	-	-	-	-	-	-
Book Value Per Share	-0.5900	1.050	-	-	-	-	-	-
Cash Flow per Share	4.450	3.900	3.910	-	-	-	-	-
Capex ¹	9.74	5.57	5.07	5	-	4	4	3
Capex / Sales	2.42%	1.67%	1.76%	1.87%	-	1.91%	2.1%	-
Announcement Date	2/13/20	2/11/21	2/10/22	2/15/23	2/14/24	-	-	-

¹CAD in Million

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

9.61 CAD

Average target price

12 CAD

Spread / Average Target

+24.87%

	1st Jan change	Capi.
YELLOW PAGES LIMITED	-14.73%	96.55M
ZHEWEN INTERACTIVE GROUP CO., LTD.	-10.99%	998M
INLY MEDIA CO., LTD.	-25.73%	568M
FAN COMMUNICATIONS, INC.	+2.27%	170M
DIGITAL HOLDINGS, INC.	-13.98%	119M
DIRECT DIGITAL HOLDINGS, INC.	-61.83%	81.49M
OTELLO CORPORATION ASA	-0.25%	62.71M
CROSS MARKETING GROUP INC.	-10.95%	60.79M