Financials Quebecor Inc.

Equities

QBR.A

CA7481931094

Integrated Telecommunications Services

Market Closed - Toronto S.E. 01:13:11 2024-05-15 pm EDT 5-day change 1st Jan Change
31.24 CAD -0.32% Intraday chart for Quebecor Inc. +7.24% -8.74%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 8,434 8,154 6,861 6,978 7,479 7,171 - -
Enterprise Value (EV) 1 14,695 13,346 13,654 13,571 7,479 14,639 13,961 13,141
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 1.26 x 1.23 x 1.24 x
EV / Revenue 3.42 x 3.09 x 3 x 2.99 x 1.38 x 2.56 x 2.4 x 2.28 x
EV / EBITDA 7.82 x 6.83 x 6.92 x 7.02 x 3.34 x 6.18 x 5.72 x 5.38 x
EV / FCF 68.9 x 17.1 x -53 x 17.5 x - 15.2 x 14 x 10.8 x
FCF Yield 1.45% 5.83% -1.89% 5.72% - 6.59% 7.13% 9.27%
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 31.24 31.24 31.24
Announcement Date 3/12/20 2/25/21 2/24/22 2/23/23 2/22/24 - - -
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 5,712 5,822 5,771
EBITDA 1 1,880 1,953 1,973 1,934 2,238 2,370 2,442 2,442
EBIT 1 1,165 1,149 1,189 1,167 1,329 1,378 1,424 1,406
Operating Margin 27.12% 26.62% 26.12% 25.75% 24.45% 24.14% 24.46% 24.36%
Earnings before Tax (EBT) 1 766.5 790 785.4 810.1 863 949 1,059 1,010
Net income 1 652.8 607.2 578.4 599.7 650.5 718.1 791.1 746
Net margin 15.2% 14.06% 12.7% 13.23% 11.97% 12.57% 13.59% 12.93%
EPS 2.550 - 2.290 2.550 - - - -
Free Cash Flow 1 213.3 778.4 -257.7 776.2 - 965.4 996.1 1,218
FCF margin 4.97% 18.03% -5.66% 17.13% - 16.9% 17.11% 21.11%
FCF Conversion (EBITDA) 11.35% 39.86% - 40.12% - 40.74% 40.78% 49.88%
FCF Conversion (Net income) 32.67% 128.19% - 129.43% - 134.44% 125.92% 163.27%
Dividend per Share 0.3925 0.8000 1.395 1.200 - - - -
Announcement Date 3/12/20 2/25/21 2/24/22 2/23/23 2/22/24 - - -
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 1,394 1,423 1,510
EBITDA 1 498.8 442.1 491.4 518 483 442.8 605.2 624.4 565.4 559.5 601 616.1 576.4
EBIT 1 301.2 247.4 299.8 326.5 293.1 254.3 354.6 385.6 334.3 323.3 364 374 339
Operating Margin 25.44% 22.74% 26.88% 28.55% 24.73% 22.79% 25.36% 27.24% 22.22% 23.72% 26.12% 26.28% 22.46%
Earnings before Tax (EBT) 1 221.1 - - - - - 229.2 279.2 195.1 222 252.2 249.2 232.7
Net income 1 160.5 121.4 157.4 178.4 142.5 120.9 174.1 209.3 146.2 173.2 187.6 185.5 173.2
Net margin 13.56% 11.16% 14.11% 15.6% 12.03% 10.84% 12.45% 14.79% 9.72% 12.71% 13.47% 13.04% 11.48%
EPS 0.6300 - - - - - - - - - - - -
Dividend per Share 0.3000 - 0.3000 - - - - - - - - - -
Announcement Date 2/24/22 5/12/22 8/4/22 11/3/22 2/23/23 5/11/23 8/10/23 11/9/23 2/22/24 5/9/24 - - -
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 - 7,468 6,790 5,970
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.331 x 2.659 x 3.443 x 3.408 x - 3.152 x 2.78 x 2.445 x
Free Cash Flow 1 213 778 -258 776 - 965 996 1,218
ROE (net income / shareholders' equity) 89.6% 58.1% 48.8% 45.9% - 34.7% 28.2% 22.2%
ROA (Net income/ Total Assets) - - 5.61% 5.61% - 5.8% 6.1% 5.6%
Assets 1 - - 10,312 10,694 - 12,381 12,968 13,321
Book Value Per Share 3.840 - - - - - - -
Cash Flow per Share 4.740 - 4.760 - - - - -
Capex 1 999 653 1,448 487 - 614 729 781
Capex / Sales 23.25% 15.13% 31.79% 10.74% - 10.75% 12.53% 13.53%
Announcement Date 3/12/20 2/25/21 2/24/22 2/23/23 2/22/24 - - -
1CAD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings

Quarterly revenue - Rate of surprise

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