This report should not be construed as providing investment advice. It is for educational purposes only.  Before making any investment decision, you should always do your own research or consult a investment professional.
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. 9/30/11
See my website on stocks or see my blog at the following sites.  www.spbrunner.com/stocks.html www.spbrunner.blogspot.com/
Canam Group Inc TSX: CAM www.canamgroup.ws Fiscal Yr: Dec 31
Year 12/31/99 12/31/00 12/31/01 12/31/02 12/31/03 12/31/04 12/31/05 12/31/06 12/31/07 12/31/08 12/31/09 12/31/10 12/31/11 12/30/12 #Y
Accting Rules C GAAP IFRS
Revenue* $1,043.6 $1,111.0 $1,010.9 $921.0 $587.1 $683.6 $683.4 $740.6 $870.5 $833.7 $625.8 $751.3 $854.7 $891.9 -32.37% <-Total Growth 10 Revenue
Increase 4.29% 6.45% -9.00% -8.90% -36.25% 16.43% -0.03% 8.38% 17.53% -4.23% -24.93% 20.05% 13.76% 4.36% -3.84% <-IRR #YR-> 10 Revenue
Rev per Share $25.80 $28.60 $25.82 $23.48 $14.94 $17.40 $13.86 $15.10 $17.75 $18.47 $14.02 $16.79 $19.10 $19.94 1.91% <-IRR #YR-> 5 Revenue
P/S (Price/Sales) 0.30 0.26 0.31 0.23 0.27 0.31 0.51 0.61 0.80 0.36 0.51 0.43 0.20 0.19 -5.18% <-IRR #YR-> 10 Rev Per share
Sales in $M* P/S 10 yr  0.40 5 yr  0.51 3.91% <-IRR #YR-> 5 Rev Per share
*Revenue in M CDN $ 
-$1,111 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $751.3
-$683.4 $0.0 $0.0 $0.0 $0.0 $751.3
-$28.6 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $16.8
-$13.9 $0.0 $0.0 $0.0 $0.0 $16.8
EPS* $1.35 $1.61 $0.81 -$0.42 -$1.18 -$0.17 $0.92 $0.87 $0.96 $0.99 $0.44 $0.00 -$0.78 $0.17 -99.87% <-Total Growth 10 Earnings
Increase 92.86% 19.26% -49.69% -5.43% 10.34% 3.13% -55.56% -99.53% -37769% -122% -48.60% <-IRR #YR-> 10 Earnings
5 yr running ave $0.73 $1.48 $1.26 $0.84 $0.43 $0.13 -$0.01 $0.00 $0.28 $0.71 $0.84 $0.65 $0.32 $0.16 -77.91% <-IRR #YR-> 4 Earnings
Earnings Yield 17.5% 22.1% 10.1% -7.9% -29.5% -3.2% 13.0% 9.4% 6.8% 14.9% 6.2% 0.0% -20.7% 4.5%
* ESP per share (Cdn GAAP) E/P 10 Yrs 6.48% 5Yrs 6.78%
-$1.61 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
-$0.87 $0.00 $0.00 $0.00 $0.00
Div* $0.05 $0.13 $0.91 $0.16 $0.02 $0.00 $0.00 $0.16 $0.16 $0.16 $0.16 $0.16 $0.08 $0.00 -82.42% <-Total Growth 9 Dividends
Increase 160.00% 600.00% -82.42% -87.50% 0.00% 0.00% 0.00% 0.00% -50.00% -100.00% 0.00% <-Median-> 7 Dividends
Yield H/L 0.79% 1.64% 10.96% 2.22% 0.42% 0.00% 0.00% 1.73% 1.28% 1.73% 2.53% 1.95% 1.73% <-Median-> 10 Dividends
Yield on High 0.63% 1.51% 9.33% 1.77% 0.32% 0.00% 0.00% 1.39% 1.00% 1.16% 2.02% 1.67% 1.27% <-Median-> 10 Dividends
Yield on Low 1.07% 1.79% 13.28% 2.99% 0.60% 0.00% 0.00% 2.30% 1.78% 3.43% 3.38% 2.35% 2.33% <-Median-> 10 Dividends
Yield on Cl 0.65% 1.78% 11.38% 2.99% 0.50% 0.00% 0.00% 1.73% 1.13% 2.41% 2.24% 2.20% 2.12% 0.00% 1.96% <-Median-> 10 Dividends
Payout Ratio 3.7% 8.1% 112.3% -38.1% -1.7% 0.0% 0.0% 18.4% 16.7% 16.2% 36.4% 7727.0% -10.3% 0.0% 16.41% <-Median-> 10 DPR EPS
Payout Ratio CF 5.9% 37.5% 81.1% -13.2% 0.0% 0.0% 15.3% 16.0% 20.0% 6.3% -12.2% -6.9% 0.0% 10.76% <-Median-> 10 DPR CF
Payout Ratio CF NC 6.4% 57.1% 17.9% -6.1% 0.0% 0.0% 13.9% 11.7% 10.5% 16.0% 61.9% -6.9% 0.0% 12.82% <-Median-> 10 DPR CF NC
Average 5 Yrs Div Yd 2.46% 5 2.85% 10 Yield  1.85% 1.94% Payout 21.90% 22.82% 2.10% <-IRR #YR-> 10 Dividends
* Dividends per share, started in 2006 3.0% Years 3.0% Years Last Div Inc ---> $0.04 $0.00 -100.0% #NUM! <-IRR #YR-> 5 Dividends
-$0.13 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.16
$0.00 $0.00 $0.00 $0.00 $0.00 $0.16
H/LYield held 5 yrs 1.15% 3.04% 23.95% 3.37% 0.44% 0.00% 0.00% 1.93% 2.22% 3.33% 3.39% 2.57% 0.87% 0.00% 2.40% <-Median-> 10 Dividends
H/LYield held 10 yrs 4.21% 3.37% 3.56% 2.52% 2.02% 0.96% 0.00% 3.37% <-Median-> 5 Dividends
Graham No. $13.46 $16.14 $11.38 $10.90 $9.71 $9.51 $10.77 $11.71 $12.71 $14.29 $9.42 $0.65 $0.62 $5.63 -95.97% <-Total Growth 10 Graham Price
Prem /Disc.Med H/L -52.86% -50.89% -27.06% -33.98% -50.58% -50.44% -42.21% -21.19% -1.89% -35.22% -32.89% 1161% -33.44% <-Median-> 10 Graham Price
Prem /Disc. High -40.56% -46.71% -14.31% -17.05% -35.65% -43.24% -30.84% -1.75% 25.41% -3.06% -15.97% 1375% -15.14% <-Median-> 10 Graham Price
Prem /Disc. Low -65.16% -55.07% -39.80% -50.91% -65.51% -57.64% -53.58% -40.62% -29.19% -67.38% -49.81% 947% -50.36% <-Median-> 10 Graham Price
Prem /Disc. Cl. -42.79% -54.76% -29.69% -50.91% -58.82% -43.98% -34.46% -20.89% 11.33% -53.45% -24.35% 1017% 506.97% -33.01% -32.08% <-Median-> 10 Graham Price
Price Cl $7.70 $7.30 $8.00 $5.35 $4.00 $5.33 $7.06 $9.26 $14.15 $6.65 $7.13 $7.27 $3.77 $3.77 -0.41% <-Total Growth 10 Stock Price
Increase 54.00% -5.19% 9.59% -33.13% -25.23% 33.25% 32.46% 31.16% 52.81% -53.00% 7.22% 1.96% -48.14% 0.00% -0.04% <-IRR #YR-> 10 Stock Price
P/E 5.70 4.53 9.88 -12.74 -3.39 -31.35 7.67 10.64 14.74 6.72 16.20 3510.95 -4.83 22.18 0.59% <-IRR #YR-> 5 Stock Price
Trailing P/E 11.00 5.41 4.97 6.60 -9.52 -4.52 -41.53 10.07 16.26 6.93 7.20 16.52 1820.67 -4.83 2.66% <-IRR #YR-> 10 Price & Div
Median 10, 5 Yrs 2.70% 2.24% Div %  Ret. Price Inc 7.22% P/E:  8.78 14.74 2.83% <-IRR #YR-> 5 Price & Div
-$7.30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $7.27
-$7.06 $0.00 $0.00 $0.00 $0.00 $7.27
-$7.30 $0.91 $0.16 $0.02 $0.00 $0.00 $0.16 $0.16 $0.16 $0.16 $7.43
-$7.06 $0.16 $0.16 $0.16 $0.16 $7.43
Price H/L Median $6.35 $7.93 $8.30 $7.20 $4.80 $4.72 $6.23 $9.23 $12.47 $9.26 $6.33 $8.21 3.53% <-Total Growth 10 Stock Price
Increase 41.00% 24.90% 4.73% -13.31% -33.29% -1.77% 32.03% 48.19% 35.18% -25.78% -31.66% 29.72% 0.35% <-IRR #YR-> 10 Stock Price
P/E 4.70 4.92 10.25 -17.13 -4.07 -27.74 6.77 10.60 12.99 9.35 14.38 3962.49 5.68% <-IRR #YR-> 5 Stock Price
Trailing P/E 9.06 5.87 5.16 8.88 -11.43 -4.00 -36.62 10.03 14.33 9.64 6.39 18.65 2.80% <-IRR #YR-> 10 Price & Div
Median 10, 5 Yrs 2.45% 2.31% Div %  Ret. Price Inc 29.72% P/E:  9.80 12.99 7.99% <-IRR #YR-> 5 Price & Div
-$7.93 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $8.21
-$6.23 $0.00 $0.00 $0.00 $0.00 $8.21
-$7.93 $0.91 $0.16 $0.02 $0.00 $0.00 $0.16 $0.16 $0.16 $0.16 $8.37
-$6.23 $0.16 $0.16 $0.16 $0.16 $8.37
Hi Mths Nov May Jul Apr Jan Oct May Apr Oct Jan Jun Apr
Price Hi $8.00 $8.60 $9.75 $9.04 $6.25 $5.40 $7.45 $11.50 $15.94 $13.85 $7.92 $9.60 11.63% <-Total Growth 10 Stock Price
Increase 60.00% 7.50% 13.37% -7.28% -30.86% -13.60% 37.96% 54.36% 38.61% -13.11% -42.82% 21.21% 1.11% <-IRR #YR-> 10 Stock Price
P/E 5.93 5.34 12.04 -21.52 -5.30 -31.76 8.10 13.22 16.60 13.99 18.00 4636.19 5.20% <-IRR #YR-> 5 Stock Price
Trailing P/E 11.43 6.37 6.06 11.16 -14.88 -4.58 -43.82 12.50 18.32 14.43 8.00 21.82
Median 10, 5 Yrs Price Inc 21.21% P/E:  12.63 16.60
-$8.60 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $9.60
-$7.45 $0.00 $0.00 $0.00 $0.00 $9.60
Low Mths Feb Dec Jan Dec Aug Jun Jan Jan Feb Oct Feb Jul
Price Low $4.69 $7.25 $6.85 $5.35 $3.35 $4.03 $5.00 $6.95 $9.00 $4.66 $4.73 $6.81 -6.07% <-Total Growth 10 Stock Price
Increase 17.25% 54.58% -5.52% -21.90% -37.38% 20.30% 24.07% 39.00% 29.50% -48.22% 1.50% 43.97% -0.62% <-IRR #YR-> 10 Stock Price
P/E 3.47 4.50 8.46 -12.74 -2.84 -23.71 5.43 7.99 9.38 4.71 10.75 3288.80 6.37% <-IRR #YR-> 5 Stock Price
Trailing P/E 6.70 5.37 4.25 6.60 -7.98 -3.42 -29.41 7.55 10.34 4.85 4.78 15.48
Median 10, 5 Yrs Price Inc 29.50% P/E:  6.71 9.38
-$7.25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $6.81
Market Cap $311 $284 $313 $210 $157 $209 $348 $454 $694 $300 $318 $325 $169 $169
# of Sh in M 40.45 38.85 39.16 39.23 39.29 39.29 49.30 49.06 49.05 45.14 44.65 44.74 44.74 44.74 Share Capital
Increase -0.62% -3.96% 0.81% 0.18% 0.15% 0.00% 25.49% -0.50% 0.00% -7.98% -1.09% 0.20% 0.00% 0.00% 1.73% <-Average 10
CF fr Op $M $85.62 $94.97 $7.74 -$5.94 $8.41 $70.21 $51.47 $48.96 $36.02 $113.84 -$58.67 -$51.89 $8.50 -858.44% <-Total Growth 8 Cash Flow
OPS $2.20 $2.43 $0.20 -$0.15 $0.21 $1.42 $1.05 $1.00 $0.80 $2.55 -$1.31 -$1.16 $0.19 -765.07% <-Total Growth 8 Cash Flow
Increase 10.03% -91.87% 564.95% -26.33% -4.87% -20.04% 219.50% -151% 62.49% <-Average 8 Cash Flow
5 yr running ave $2.20 $2.31 $1.61 $1.17 $0.98 $0.82 $0.55 $0.71 $0.90 $1.36 $0.82 $0.37 $0.21 #NUM! <-IRR #YR-> 10 Cash Flow
Non-Cash -$7.12 -$32.54 $27.38 -$6.85 $24.12 -$6.71 $4.99 $17.92 $32.65 -$69.31 $70.23 $0.00 $0.00 #NUM! <-IRR #YR-> 5 Cash Flow
OPS Less Non-Cash $2.02 $1.59 $0.90 -$0.33 $0.83 $1.29 $1.15 $1.36 $1.52 $1.00 $0.26 -$1.16 $0.19 -18.59% <-IRR #YR-> 10 CF - non cash
P/CF on Cl 3.61 5.02 5.98 -12.29 6.44 5.48 8.05 10.38 4.37 7.15 28.13 -3.25 19.84 -27.48% <-IRR #YR-> 5 CF - non cash
Median P/CF 10 Yrs 6.21 5 Yrs 8.05
*Operational Cash Flow per share
-$2.20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -$1.31
-$1.42 $0.00 $0.00 $0.00 $0.00 -$1.31
-$2.02 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.26
-$1.29 $0.00 $0.00 $0.00 $0.00 $0.26
OPM 7.71% 9.39% 0.84% -1.01% 1.23% 10.27% 6.95% 5.62% 4.32% 18.19% -7.81% -6.07% 0.95% should be zero, it is a check on calculations
Diff from Ave 55.0% 88.9% -83.1% -120.3% -75.2% 106.6% 39.7% 13.1% -13.1% 265.8% -257.1% -222.1% -80.8% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 4.97% 5 Yrs 5.62%
Curr Assets $384.47 $312.06 $321.97 $280.49 $276.03 $298.56 $310.13 $311.42 $375.15 $283.95 $379.21 $431.51 Liq ratio of 1.5 and up, best Assets
Curr Liab. $238.67 $250.72 $292.30 $253.39 $210.19 $161.11 $150.78 $136.36 $157.58 $85.59 $177.39 $230.50 1.96 <-Median-> 10 Liabilities
Liquidity 1.61 1.24 1.10 1.11 1.31 1.85 2.06 2.28 2.38 3.32 2.14 1.87 2.28 <-Median-> 5 Ratio
Assets $689.89 $779.35 $745.48 $798.18 $687.52 $602.99 $582.19 $600.19 $585.10 $658.29 $566.05 $803.54 $879.44 A/L ratio of 1.5 and up, best Assets
Liab. $448.65 $500.09 $467.28 $542.51 $484.18 $407.86 $305.81 $256.83 $218.21 $244.68 $165.46 $396.99 $509.00 1.96 <-Median-> 10 Liabilities
Liquidity 1.54 1.56 1.60 1.47 1.42 1.48 1.90 2.34 2.68 2.69 3.42 2.02 1.73 2.68 <-Median-> 5 Ratio
Book Value $241.2 $279.3 $278.2 $255.7 $203.3 $195.1 $276.4 $343.4 $366.9 $413.6 $400.6 $406.6 $370.4 45.58% <-Total Growth 10 Book Value
BV per share $5.96 $7.19 $7.10 $6.52 $5.18 $4.97 $5.61 $7.00 $7.48 $9.16 $8.97 $9.09 $8.28 $8.28 26.41% <-Total Growth 10 Book Value
Change 21.44% 20.54% -1.18% -8.26% -20.58% -4.04% 12.86% 24.86% 6.86% 22.51% -2.08% 1.28% -8.88% 0.4300 Current/Historical Book Value
P/BV (CL) 1.29 1.02 1.13 0.82 0.77 1.07 1.26 1.32 1.89 0.73 0.79 0.80 0.46 2.37% <-IRR #YR-> 10 Book Value
Change 26.81% -21.35% 10.89% -27.10% -5.85% 38.86% 17.36% 5.05% 43.00% -61.64% 9.49% 0.67% -43.09% 10.15% <-IRR #YR-> 5 Book Value
Leverage (A/BK) 2.86 2.79 2.68 3.12 3.38 3.09 2.11 1.75 1.59 1.59 1.41 1.98 2.37 2.04 <-Median-> 10 A/BV
Debt/Equity Ratio 1.86 1.79 1.68 2.12 2.38 2.09 1.11 0.75 0.59 0.59 0.41 0.98 1.37 1.04 <-Median-> 10 Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities) P/BV 10 Yrs 1.06 5 Yrs 1.11
-$7.19 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $9.09
-$5.61 $0.00 $0.00 $0.00 $0.00 $9.09
ROE 12.4% 8.0% 19.0% -0.9% -2.6% 7.97% <-Median-> 5 Compreh. Inc
Comprehensive Inc $42.65 $29.25 $78.74 -$3.59 -$10.40 Compreh. Inc
ROE 19.7% 19.9% 9.9% -5.7% -19.9% -3.0% 14.0% 11.9% 12.9% 11.7% 5.0% 0.0% Net Income/Shareholders' equity
5Yr Median 13.0% 13.0% 9.9% -3.0% -3.0% -3.0% 11.9% 11.9% 11.9% 11.7%
Net Income $47.59 $55.56 $27.60 -$14.58 -$40.42 -$5.90 $38.67 $40.74 $47.45 $48.43 $20.05 $0.09 -$36.39 <-12 mths -99.83% <-Total Growth 10 Net Income
Oper C. F. $85.62 $94.97 $7.74 -$5.94 $8.41 $70.21 $51.47 $48.96 $36.02 $113.84 -$58.67 C F Statement  Oper C. F.
Invest. C. F -$80.49 -$53.07 -$51.68 $0.00 $0.00 -$12.33 -$18.76 -$29.17 -$17.46 -$39.58 -$86.43 C F Statement  Invest. C. F
Total Accruals $50.44 -$14.29 $29.37 -$34.48 -$14.32 -$19.22 $8.04 $27.66 $29.87 -$54.21 $145.20 Accruals
Total Assets $779.35 $745.48 $798.18 $687.52 $602.99 $582.19 $600.19 $585.10 $658.29 $566.05 $803.54 Balance Sheet Assets
Accruals Ratio 6.47% -1.92% 3.68% -5.02% -2.37% -3.30% 1.34% 4.73% 4.54% -9.58% 18.07% Ratio
up/down/neutral Need free cash flow (cash from operations, with depreciation and amortization added back and capital spending subtracted) to amply cover the payouts.
Chge in Close 54.00% -5.19% 9.59% -33.13% -25.23% 33.25% 32.46% 31.16% 52.81% -53.00% 7.22% 1.96%
Any Predictions?
Fin. C. F -$0.95 $38.28 $61.85 -$6.27 -$54.41 -$57.21 -$28.39 -$30.99 -$19.71 -$25.87 $96.02 C F Statement  Fin. C. F
Total Accruals $51.39 -$52.56 -$32.48 -$28.21 $40.10 $37.99 $36.42 $58.65 $49.58 -$28.34 $49.19 Accruals
Accruals Ratio 6.59% -7.05% -4.07% -4.10% 6.65% 6.53% 6.07% 10.02% 7.53% -5.01% 6.12% Ratio
Nov 5, 2011.  Last I looked I got estimates for 2010 and 2011 of $.03 and $.52 for Earnings and $.19 and $1.09 for Cash Flow.
Sep 14, 2012.  In Aug I got earnings for 2010 and 2011 of $.03 and $.52, plus CF of $.53 and $1.02
Aug 15, 2010.  Last time I looked at this stock, I got estimates for 2009 and 2010 of $.57 and $.73 and Cash Flows of 1.02 an $1.16.
Their site wants far to much personal information to allow you to look at their financial statements.  They do publish their financial statements with news releases on earnings in each financial period.
Signed on as brunnsu@rogers.com
How they make their money.
Canam Group specializes in the design and fabrication of construction products and solutions for the commercial, industrial, institutional, multi-unit residential, and bridge and highway infrastructure markets.
This company has offices in Canada, US, Saudi Arabia, United Arab Emirates, India, Romania France and China. Marcel Dutil owns 35% of this company.
Marcel Dutil 15.45 34.54%
Marcel Dutil 5.33 11.92%
2009 Annual Report
Marcel Dutil 7.32 16.35%
I.A. Michael Investment Counsel Ltd. 5.10 11.40%
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.  
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
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Industrials -  Anything having to do with the business of manufacturing products; excludes utility, transportation, and financial companies.