ATCO LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 39.52 CAD | +0.76% |
|
-2.42% | +2.20% |
| 08/05 | Canadian Utilities plans C$2 billion Alberta natural gas pipeline | RE |
| 08/05 | Canadian Utilities Plans New Alberta Natural-Gas Pipeline, Costs Expected to Top $2 billion | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,692 | 4,190 | 4,878 | 4,793 | 4,357 | 4,488 | - | - |
| Enterprise Value (EV) 1 | 14,087 | 15,012 | 13,935 | 13,962 | 14,821 | 15,692 | 16,014 | 16,897 |
| P/E ratio | 11.1 x | 16.6 x | 19.9 x | 13.1 x | 10.1 x | 9.55 x | 9.39 x | - |
| Yield | 3.25% | 4.77% | 4.19% | 4.37% | 4.91% | 4.96% | 5.08% | 5.15% |
| Capitalization / Revenue | 1.21 x | 1.06 x | 1.14 x | 0.96 x | 0.92 x | 0.88 x | 0.86 x | 0.8 x |
| EV / Revenue | 2.99 x | 3.81 x | 3.25 x | 2.8 x | 3.13 x | 3.08 x | 3.06 x | 3.02 x |
| EV / EBITDA | 6.92 x | 8.63 x | 7.93 x | 6.88 x | 6.43 x | 6.66 x | 6.62 x | 6.37 x |
| EV / FCF | 34 x | 16.6 x | 21 x | 14.5 x | 27.3 x | 16.7 x | 16.5 x | 12.1 x |
| FCF Yield | 2.94% | 6.02% | 4.77% | 6.88% | 3.66% | 6% | 6.06% | 8.29% |
| Price to Book | 1.43 x | 1.03 x | 1.19 x | 1.1 x | 0.98 x | 0.96 x | 0.92 x | 0.88 x |
| Nbr of stocks (in thousands) | 1,14,415 | 1,14,347 | 1,14,139 | 1,13,667 | 1,12,159 | 1,12,159 | - | - |
| Reference price 2 | 49.77 | 36.49 | 42.70 | 42.38 | 38.67 | 39.52 | 39.52 | 39.52 |
| Announcement Date | 27/02/20 | 25/02/21 | 23/02/22 | 02/03/23 | 29/02/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,706 | 3,944 | 4,289 | 4,978 | 4,741 | 5,101 | 5,240 | 5,592 |
| EBITDA 1 | 2,036 | 1,739 | 1,757 | 2,029 | 2,306 | 2,357 | 2,420 | 2,652 |
| EBIT 1 | 1,399 | 1,070 | 1,040 | 1,312 | - | 465 | 473 | - |
| Operating Margin | 29.73% | 27.13% | 24.25% | 26.36% | - | 9.12% | 9.03% | - |
| Earnings before Tax (EBT) | 1,073 | 663 | 617 | 921 | - | - | - | - |
| Net income 1 | 513 | 252 | 246 | 370 | 432 | 465 | 473 | - |
| Net margin | 10.9% | 6.39% | 5.74% | 7.43% | 9.11% | 9.12% | 9.03% | - |
| EPS 2 | 4.484 | 2.200 | 2.150 | 3.240 | 3.820 | 4.140 | 4.210 | - |
| Free Cash Flow 1 | 414 | 903 | 664 | 961 | 542 | 941.5 | 971 | 1,400 |
| FCF margin | 8.8% | 22.9% | 15.48% | 19.3% | 11.43% | 18.46% | 18.53% | 25.04% |
| FCF Conversion (EBITDA) | 20.33% | 51.93% | 37.79% | 47.36% | 23.5% | 39.95% | 40.13% | 52.79% |
| FCF Conversion (Net income) | 80.7% | 358.33% | 269.92% | 259.73% | 125.46% | 202.47% | 205.29% | - |
| Dividend per Share 2 | 1.619 | 1.740 | 1.790 | 1.850 | 1.900 | 1.960 | 2.008 | 2.033 |
| Announcement Date | 27/02/20 | 25/02/21 | 23/02/22 | 02/03/23 | 29/02/24 | - | - | - |
1CAD in Million2CAD
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 | 1,270 | 1,311 | 1,161 | 1,158 | 1,348 | 1,358 | 1,104 | 1,058 | 1,221 | 1,324 | 1,169 | 1,163 | 1,297 |
| EBITDA 1 | 531 | 605 | 494 | 440 | 490 | 702 | 480 | 512 | 612 | 667 | 516.4 | 494.4 | 636.5 |
| EBIT | 375 | 430 | 320 | - | - | 513 | - | - | - | - | - | - | - |
| Operating Margin | 29.53% | 32.8% | 27.56% | - | - | 37.78% | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | 410 | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS 2 | 0.8700 | 1.120 | 0.7900 | 0.6200 | 0.7100 | 1.470 | 0.6979 | 0.8000 | 0.8500 | 1.310 | 0.8200 | - | - |
| Dividend per Share 2 | 0.3951 | 0.4617 | 0.4617 | 0.4617 | 0.4649 | 0.4756 | 0.4756 | 0.4756 | 0.4732 | - | 0.4899 | 0.4899 | 0.4899 |
| Announcement Date | 23/02/22 | 27/04/22 | 28/07/22 | 27/10/22 | 02/03/23 | 27/04/23 | 27/07/23 | 26/10/23 | 29/02/24 | 02/05/24 | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 8,395 | 10,822 | 9,057 | 9,169 | 10,464 | 11,204 | 11,526 | 12,409 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.123 x | 6.223 x | 5.155 x | 4.519 x | 4.538 x | 4.754 x | 4.764 x | 4.679 x |
| Free Cash Flow 1 | 414 | 903 | 664 | 961 | 542 | 942 | 971 | 1,400 |
| ROE (net income / shareholders' equity) | 9.41% | 8.74% | 9.36% | 9.97% | - | 9.9% | 9.4% | 8.2% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 34.90 | 35.40 | 35.90 | 38.50 | 39.40 | 41.10 | 42.90 | 44.80 |
| Cash Flow per Share 2 | 13.40 | 16.10 | 16.30 | 21.00 | 17.30 | 17.50 | 19.10 | 19.20 |
| Capex 1 | 1,128 | 940 | 1,200 | 1,435 | 1,423 | 1,537 | 1,588 | 2,010 |
| Capex / Sales | 23.97% | 23.83% | 27.98% | 28.83% | 30.01% | 30.12% | 30.31% | 35.94% |
| Announcement Date | 27/02/20 | 25/02/21 | 23/02/22 | 02/03/23 | 29/02/24 | - | - | - |
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
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
39.52
CAD
Average target price
46.21
CAD
Spread / Average Target
+16.94%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +2.20% | 3.29B | |
| -25.71% | 79.58B | |
| +63.75% | 78.59B | |
| -.--% | 51.55B | |
| +3.08% | 48.75B | |
| -2.41% | 40.8B | |
| +23.89% | 37.73B | |
| +1.07% | 34.78B | |
| -15.40% | 28.1B | |
| -7.45% | 24.25B |
- Stock Market
- Equities
- ACO.X Stock
- Financials ATCO Ltd.
