Financials Quebecor Inc. Toronto S.E.

Equities

QBR.B

CA7481932084

Integrated Telecommunications Services

Delayed Toronto S.E. 21:00:00 09/05/2024 BST 5-day change 1st Jan Change
29.77 CAD +3.55% Intraday chart for Quebecor Inc. +4.86% -5.55%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 8,434 8,154 6,861 6,978 7,479 6,873 - -
Enterprise Value (EV) 1 14,695 13,346 13,654 13,571 7,479 14,405 13,664 12,840
P/E ratio 12.9 x - 12.6 x 11.9 x - - - -
Yield 1.19% 2.44% 4.82% 3.97% - - - -
Capitalization / Revenue 1.96 x 1.89 x 1.51 x 1.54 x 1.38 x 1.2 x 1.17 x 1.18 x
EV / Revenue 3.42 x 3.09 x 3 x 2.99 x 1.38 x 2.52 x 2.33 x 2.21 x
EV / EBITDA 7.82 x 6.83 x 6.92 x 7.02 x 3.34 x 6.11 x 5.57 x 5.24 x
EV / FCF 68.9 x 17.1 x -53 x 17.5 x - 14.8 x 13.7 x 10.5 x
FCF Yield 1.45% 5.83% -1.89% 5.72% - 6.75% 7.31% 9.49%
Price to Book 8.59 x - - - - - - -
Nbr of stocks (in thousands) 254,885 248,818 239,258 230,936 230,676 230,676 - -
Reference price 2 32.97 32.80 28.94 30.25 34.23 29.85 29.85 29.85
Announcement Date 12/03/20 25/02/21 24/02/22 23/02/23 22/02/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,294 4,318 4,554 4,532 5,434 5,708 5,856 5,804
EBITDA 1 1,880 1,953 1,973 1,934 2,238 2,358 2,455 2,452
EBIT 1 1,165 1,149 1,189 1,167 1,329 1,366 1,438 1,416
Operating Margin 27.12% 26.62% 26.12% 25.75% 24.45% 23.93% 24.55% 24.39%
Earnings before Tax (EBT) 1 766.5 790 785.4 810.1 863 936 1,080 1,017
Net income 1 652.8 607.2 578.4 599.7 650.5 743.2 864.4 834.1
Net margin 15.2% 14.06% 12.7% 13.23% 11.97% 13.02% 14.76% 14.37%
EPS 2.550 - 2.290 2.550 - - - -
Free Cash Flow 1 213.3 778.4 -257.7 776.2 - 973 998.4 1,218
FCF margin 4.97% 18.03% -5.66% 17.13% - 17.05% 17.05% 20.99%
FCF Conversion (EBITDA) 11.35% 39.86% - 40.12% - 41.26% 40.67% 49.68%
FCF Conversion (Net income) 32.67% 128.19% - 129.43% - 130.92% 115.5% 146.03%
Dividend per Share 0.3925 0.8000 1.395 1.200 - - - -
Announcement Date 12/03/20 25/02/21 24/02/22 23/02/23 22/02/24 - - -
1CAD in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 1,184 1,088 1,115 1,144 1,185 1,116 1,398 1,415 1,505 1,363 1,400 1,423 1,527
EBITDA 1 498.8 442.1 491.4 518 483 442.8 605.2 624.4 565.4 559.5 603 602.5 563.5
EBIT 1 301.2 247.4 299.8 326.5 293.1 254.3 354.6 385.6 334.3 323.3 368 354 320
Operating Margin 25.44% 22.74% 26.88% 28.55% 24.73% 22.79% 25.36% 27.24% 22.22% 23.72% 26.29% 24.88% 20.96%
Earnings before Tax (EBT) 1 221.1 - - - - - 229.2 279.2 195.1 222 256 245 214
Net income 1 160.5 121.4 157.4 178.4 142.5 120.9 174.1 209.3 146.2 173.2 194.6 198.8 185.2
Net margin 13.56% 11.16% 14.11% 15.6% 12.03% 10.84% 12.45% 14.79% 9.72% 12.71% 13.9% 13.97% 12.13%
EPS 0.6300 - - - - - - - - - - - -
Dividend per Share 0.3000 - 0.3000 - - - - - - - - - -
Announcement Date 24/02/22 12/05/22 04/08/22 03/11/22 23/02/23 11/05/23 10/08/23 09/11/23 22/02/24 09/05/24 - - -
1CAD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 6,261 5,191 6,793 6,593 - 7,532 6,790 5,967
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.331 x 2.659 x 3.443 x 3.408 x - 3.194 x 2.766 x 2.434 x
Free Cash Flow 1 213 778 -258 776 - 973 998 1,218
ROE (net income / shareholders' equity) 89.6% 58.1% 48.8% 45.9% - 34.9% 28.9% 22.1%
ROA (Net income/ Total Assets) - - 5.61% 5.61% - 5.9% 6.3% 5.6%
Assets 1 - - 10,312 10,694 - 12,597 13,721 14,895
Book Value Per Share 3.840 - - - - - - -
Cash Flow per Share 4.740 - 4.760 - - - - -
Capex 1 999 653 1,448 487 - 645 716 761
Capex / Sales 23.25% 15.13% 31.79% 10.74% - 11.3% 12.23% 13.11%
Announcement Date 12/03/20 25/02/21 24/02/22 23/02/23 22/02/24 - - -
1CAD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
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Quarterly revenue - Rate of surprise