| 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. |
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| While I try to
be accurate, I assume no responsibility for any figure in this spreadsheet. |
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8/30/11 |
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| See my website
on stocks or see my blog at the following sites. |
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www.spbrunner.com/stocks.html |
www.spbrunner.blogspot.com/ |
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| Stella-Jones Inc |
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www.stella-jones.com |
TSX: |
SJ |
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Fiscal Yr: |
Dec 31 |
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| 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 |
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#Y |
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| Accounting Rules |
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C GAAP |
C GAAP |
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| Revenue* |
$69.0 |
$87.0 |
$87.8 |
$96.7 |
$96.5 |
$129.0 |
$157.1 |
$223.9 |
$269.7 |
$384.8 |
$411.1 |
$561.0 |
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544.55% |
<-Total Growth |
10 |
Revenue |
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| Increase |
-15.87% |
26.16% |
0.90% |
10.05% |
-0.11% |
33.59% |
21.83% |
42.46% |
20.49% |
42.68% |
6.83% |
36.47% |
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20.48% |
<-IRR #YR-> |
10 |
Revenue |
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| Rev per Share |
$7.46 |
$9.73 |
$9.71 |
$10.68 |
$9.64 |
$12.60 |
$14.44 |
$18.20 |
$21.86 |
$30.63 |
$32.41 |
$35.23 |
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28.99% |
<-IRR #YR-> |
5 |
Revenue |
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| P/S (Price/Sales) |
0.33 |
0.24 |
0.21 |
0.26 |
0.38 |
0.48 |
0.97 |
1.89 |
1.88 |
0.54 |
0.79 |
0.94 |
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13.73% |
<-IRR #YR-> |
10 |
Rev Per share |
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| *Revenue in M
CDN $ |
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P/S |
10 yr |
0.66 |
5 yr |
0.94 |
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19.53% |
<-IRR #YR-> |
5 |
Rev Per share |
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-$87.0 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$561.0 |
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-$157.1 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$561.0 |
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-$9.7 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$35.2 |
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-$14.4 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$35.2 |
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YR 2011 |
YR 2011 |
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| EPS* |
$0.37 |
$0.34 |
$0.05 |
$0.41 |
$0.39 |
$0.70 |
$1.08 |
$1.76 |
$2.03 |
$2.25 |
$2.37 |
$2.26 |
$3.34 |
$3.82 |
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564.71% |
<-Total Growth |
10 |
Earnings |
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| Increase |
-5.13% |
-8.11% |
-85.29% |
720.00% |
-4.88% |
79.49% |
54.29% |
62.96% |
15.34% |
10.84% |
5.33% |
-4.64% |
47.79% |
14.37% |
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20.85% |
<-IRR #YR-> |
10 |
Earnings |
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| Earnings Yield |
14.8% |
14.8% |
2.5% |
14.9% |
10.7% |
11.5% |
7.7% |
5.1% |
5.0% |
13.7% |
9.2% |
6.8% |
8.5% |
9.7% |
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15.91% |
<-IRR #YR-> |
5 |
Earnings |
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| * ESP per
share (Cdn GAAP) |
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E/P |
10 Yrs |
8.46% |
5Yrs |
6.79% |
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-$0.34 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$2.26 |
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-$1.08 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$2.26 |
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| Div* |
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$0.07 |
$0.07 |
$0.08 |
$0.08 |
$0.10 |
$0.14 |
$0.24 |
$0.34 |
$0.36 |
$0.38 |
$0.50 |
$0.52 |
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375.00% |
<-Total Growth |
10 |
Dividends |
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| Increase |
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0.00% |
14.29% |
0.00% |
25.00% |
40.00% |
71.43% |
41.67% |
5.88% |
5.56% |
31.58% |
4.00% |
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14.29% |
<-Median-> |
9 |
Dividends |
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| Yield H/L Pr. |
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3.22% |
2.95% |
2.56% |
1.57% |
1.00% |
0.75% |
0.60% |
1.26% |
1.86% |
1.31% |
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1.44% |
<-Median-> |
10 |
Dividends |
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| Yield on High Pr. |
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2.80% |
2.33% |
2.19% |
1.25% |
0.71% |
0.60% |
0.50% |
0.87% |
1.40% |
1.14% |
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1.20% |
<-Median-> |
10 |
Dividends |
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| Yield on Low Pr. |
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3.78% |
4.00% |
3.08% |
2.10% |
1.72% |
1.02% |
0.76% |
2.27% |
2.78% |
1.53% |
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2.18% |
<-Median-> |
10 |
Dividends |
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| Yield on Cl Pr. |
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3.50% |
2.55% |
2.19% |
1.31% |
0.71% |
0.41% |
0.59% |
2.07% |
1.40% |
1.14% |
1.27% |
1.32% |
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1.35% |
<-Median-> |
10 |
Dividends |
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| Payout Ratio |
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140.0% |
17.1% |
20.5% |
11.4% |
9.3% |
8.0% |
11.8% |
15.1% |
15.2% |
16.8% |
15.0% |
13.6% |
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15.15% |
<-Median-> |
10 |
DPR EPS |
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| Payout Ratio CF |
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18.7% |
5.7% |
16.4% |
9.2% |
51.7% |
16.8% |
17.0% |
-129.6% |
11.3% |
7.4% |
11.6% |
11.3% |
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13.84% |
<-Median-> |
10 |
DPR CF |
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| Payout Ratio CF NC |
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20.6% |
10.9% |
11.7% |
7.5% |
6.8% |
6.5% |
8.9% |
10.4% |
11.2% |
12.1% |
11.6% |
11.3% |
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10.65% |
<-Median-> |
10 |
DPR CF NC |
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| Average 5 Yrs |
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Div Yd |
4.02% |
5 |
12.25% |
10 |
Yield |
1.26% |
1.14% |
Payout |
15.11% |
11.28% |
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23.55% |
<-IRR #YR-> |
8 |
Dividends |
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| * Dividends per
share |
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25.0% |
Years |
25.0% |
Years |
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Last Div Inc ---> |
$0.24 |
$0.26 |
8.3% |
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30.60% |
<-IRR #YR-> |
5 |
Dividends |
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-$0.07 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.38 |
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-$0.10 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.38 |
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| H/LYield held 5 yrs |
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4.18% |
4.12% |
3.60% |
3.72% |
3.88% |
6.44% |
10.11% |
10.88% |
7.05% |
3.81% |
2.69% |
1.31% |
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4.15% |
<-Median-> |
10 |
Dividends |
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| H/LYield held 10 yrs |
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1.77% |
4.82% |
8.36% |
14.12% |
15.28% |
16.74% |
14.76% |
22.99% |
21.89% |
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14.12% |
<-Median-> |
7 |
Dividends |
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| H/LYield held 15 yrs |
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7.96% |
18.31% |
29.85% |
30.59% |
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13.13% |
<-Median-> |
2 |
Dividends |
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| Graham No. |
$5.20 |
$5.20 |
$1.98 |
$6.00 |
$6.09 |
$8.70 |
$12.03 |
$18.46 |
$21.72 |
$25.49 |
$27.51 |
$29.98 |
$39.13 |
$41.85 |
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476.97% |
<-Total Growth |
10 |
Graham Price |
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| Prem /Disc.Med H/L |
-58.63% |
-50.44% |
9.67% |
-60.43% |
-48.67% |
-41.33% |
-17.09% |
0.76% |
82.88% |
5.92% |
-29.65% |
-3.01% |
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-10.05% |
<-Median-> |
10 |
Graham Price |
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| Prem /Disc. High |
-49.97% |
-40.33% |
26.06% |
-50.02% |
-40.04% |
-26.45% |
17.62% |
27.31% |
120.98% |
53.03% |
-6.39% |
11.05% |
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14.34% |
<-Median-> |
10 |
Graham Price |
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| Prem /Disc. Low |
-67.29% |
-60.54% |
-6.71% |
-70.84% |
-57.29% |
-56.22% |
-51.79% |
-25.78% |
44.79% |
-41.18% |
-52.92% |
-17.07% |
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-46.49% |
<-Median-> |
10 |
Graham Price |
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| Prem /Disc. Cl |
-51.89% |
-55.73% |
0.85% |
-54.18% |
-40.04% |
-29.90% |
16.37% |
86.35% |
88.75% |
-35.65% |
-6.39% |
11.05% |
1.00% |
-5.56% |
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-2.77% |
<-Median-> |
10 |
Graham Price |
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| Price Cl |
$2.50 |
$2.30 |
$2.00 |
$2.75 |
$3.65 |
$6.10 |
$14.00 |
$34.40 |
$41.00 |
$16.40 |
$25.75 |
$33.29 |
$39.52 |
$39.52 |
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1347.39% |
<-Total Growth |
10 |
Stock Price |
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| Increase |
42.86% |
-8.00% |
-13.04% |
37.50% |
32.73% |
67.12% |
129.51% |
145.71% |
19.19% |
-60.00% |
57.01% |
29.28% |
18.71% |
0.00% |
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30.63% |
<-IRR #YR-> |
10 |
Stock Price |
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| P/E |
6.76 |
6.76 |
40.00 |
6.71 |
9.36 |
8.71 |
12.96 |
19.55 |
20.20 |
7.29 |
10.86 |
14.73 |
11.83 |
10.35 |
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18.92% |
<-IRR #YR-> |
5 |
Stock Price |
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| Trailing P/E |
6.41 |
6.22 |
5.88 |
55.00 |
8.90 |
15.64 |
20.00 |
31.85 |
23.30 |
8.08 |
11.44 |
14.05 |
17.49 |
11.83 |
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32.62% |
<-IRR #YR-> |
10 |
Price & Div |
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| Median 10, 5 Yrs |
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1.99% |
1.41% |
Div % |
Ret. |
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Price Inc |
29.28% |
P/E: |
11.91 |
14.73 |
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20.32% |
<-IRR #YR-> |
5 |
Price & Div |
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-$2.30 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$33.29 |
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-$14.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$33.29 |
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-$2.30 |
$0.07 |
$0.07 |
$0.08 |
$0.08 |
$0.10 |
$0.14 |
$0.24 |
$0.34 |
$0.36 |
$33.67 |
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-$14.00 |
$0.14 |
$0.24 |
$0.34 |
$0.36 |
$33.67 |
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| Price H/L Median |
$2.15 |
$2.58 |
$2.18 |
$2.38 |
$3.13 |
$5.11 |
$9.98 |
$18.60 |
$39.73 |
$27.00 |
$19.35 |
$29.08 |
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1029.13% |
<-Total Growth |
10 |
Stock Price |
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| Increase |
-3.37% |
19.77% |
-15.53% |
9.20% |
31.58% |
63.36% |
95.40% |
86.47% |
113.58% |
-32.05% |
-28.32% |
50.26% |
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27.43% |
<-IRR #YR-> |
10 |
Stock Price |
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|
| P/E |
5.81 |
7.57 |
43.50 |
5.79 |
8.01 |
7.29 |
9.24 |
10.57 |
19.57 |
12.00 |
8.16 |
12.87 |
|
|
|
23.86% |
<-IRR #YR-> |
5 |
Stock Price |
|
|
|
|
|
|
|
|
|
| Trailing P/E |
5.51 |
6.96 |
6.40 |
47.50 |
7.62 |
13.09 |
14.25 |
17.22 |
22.57 |
13.30 |
8.60 |
12.27 |
|
|
|
29.40% |
<-IRR #YR-> |
10 |
Price & Div |
|
|
|
|
|
|
|
|
|
| Median 10, 5 Yrs |
|
|
1.97% |
1.82% |
Div % |
Ret. |
|
Price Inc |
50.26% |
P/E: |
9.90 |
12.00 |
|
|
|
25.67% |
<-IRR #YR-> |
5 |
Price & Div |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$2.58 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$29.08 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$9.98 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$29.08 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$2.58 |
$0.07 |
$0.07 |
$0.08 |
$0.08 |
$0.10 |
$0.14 |
$0.24 |
$0.34 |
$0.36 |
$29.46 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$9.98 |
$0.14 |
$0.24 |
$0.34 |
$0.36 |
$29.46 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Hi Mths |
Oct |
Sep |
Ma |
Oct |
Dec |
Nov |
Dec |
May |
Jun |
Jan |
Dec |
Dec |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Price Hi |
$2.60 |
$3.10 |
$2.50 |
$3.00 |
$3.65 |
$6.40 |
$14.15 |
$23.50 |
$48.00 |
$39.00 |
$25.75 |
$33.29 |
|
|
|
973.87% |
<-Total Growth |
10 |
Stock Price |
|
|
|
|
|
|
|
|
|
| Increase |
-3.70% |
19.23% |
-19.35% |
20.00% |
21.67% |
75.34% |
121.09% |
66.08% |
104.26% |
-18.75% |
-33.97% |
29.28% |
|
|
|
26.79% |
<-IRR #YR-> |
10 |
Stock Price |
|
|
|
|
|
|
|
|
|
| P/E |
7.03 |
9.12 |
50.00 |
7.32 |
9.36 |
9.14 |
13.10 |
13.35 |
23.65 |
17.33 |
10.86 |
14.73 |
|
|
|
18.66% |
<-IRR #YR-> |
5 |
Stock Price |
|
|
|
|
|
|
|
|
|
| Trailing P/E |
6.67 |
8.38 |
7.35 |
60.00 |
8.90 |
16.41 |
20.21 |
21.76 |
27.27 |
19.21 |
11.44 |
14.05 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Median 10, 5 Yrs |
|
|
|
|
|
|
|
Price Inc |
29.28% |
P/E: |
13.23 |
14.73 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$3.10 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$33.29 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$14.15 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$33.29 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Low Mths |
Feb |
Jul |
Dec |
Jan |
Feb |
May |
Jan |
Jan |
Feb |
Dec |
Mar |
Nov |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Price Low |
$1.70 |
$2.05 |
$1.85 |
$1.75 |
$2.60 |
$3.81 |
$5.80 |
$13.70 |
$31.45 |
$14.99 |
$12.95 |
$24.86 |
|
|
|
1112.68% |
<-Total Growth |
10 |
Stock Price |
|
|
|
|
|
|
|
|
|
| Increase |
-2.86% |
20.59% |
-9.76% |
-5.41% |
48.57% |
46.54% |
52.23% |
136.21% |
129.56% |
-52.34% |
-13.61% |
91.97% |
|
|
|
28.34% |
<-IRR #YR-> |
10 |
Stock Price |
|
|
|
|
|
|
|
|
|
| P/E |
4.59 |
6.03 |
37.00 |
4.27 |
6.67 |
5.44 |
5.37 |
7.78 |
15.49 |
6.66 |
5.46 |
11.00 |
|
|
|
33.79% |
<-IRR #YR-> |
5 |
Stock Price |
|
|
|
|
|
|
|
|
|
| Trailing P/E |
4.36 |
5.54 |
5.44 |
35.00 |
6.34 |
9.77 |
8.29 |
12.69 |
17.87 |
7.38 |
5.76 |
10.49 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Median 10, 5 Yrs |
|
|
|
|
|
|
|
Price Inc |
91.97% |
P/E: |
6.66 |
7.78 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$2.05 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$24.86 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$5.80 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$24.86 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Market Cap |
$23 |
$21 |
$18 |
$25 |
$37 |
$62 |
$152 |
$423 |
$506 |
$206 |
$327 |
$530 |
$629 |
$629 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reason |
|
|
|
|
|
|
Webster |
Bell Pole |
|
SOptions |
SOptions |
Tangent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| # of Sh in M |
9.25 |
8.95 |
9.04 |
9.05 |
10.01 |
10.24 |
10.88 |
12.30 |
12.34 |
12.57 |
12.68 |
15.92 |
15.92 |
15.92 |
|
|
Capital Stock |
|
|
|
|
|
|
|
|
|
|
|
| Increase |
-0.64% |
-3.22% |
1.07% |
0.11% |
10.60% |
2.22% |
6.31% |
13.02% |
0.35% |
1.82% |
0.95% |
25.54% |
0.00% |
0.00% |
|
2.02% |
<-Median-> |
10 |
Shares |
|
|
|
|
|
|
|
|
|
| CF fr Op $M |
-$1.8 |
-$1.7 |
$3.4 |
$11.1 |
$4.9 |
$8.9 |
$2.1 |
$10.2 |
$17.4 |
-$3.3 |
$40.5 |
$81.6 |
$68.8 |
$73.1 |
|
2316.34% |
<-Total Growth |
9 |
Cash Flow |
|
|
|
|
|
|
|
|
|
| OPS |
-$0.19 |
-$0.19 |
$0.37 |
$1.23 |
$0.49 |
$0.87 |
$0.19 |
$0.83 |
$1.41 |
-$0.26 |
$3.19 |
$5.13 |
$4.32 |
$4.59 |
|
1272.29% |
<-Total Growth |
9 |
Cash Flow |
|
|
|
|
|
|
|
|
|
| Increase |
|
1.82% |
-293% |
228.77% |
-60.28% |
78.22% |
-77.75% |
330.10% |
69.43% |
-119% |
-1317% |
61% |
-16% |
6% |
|
0.16% |
<-Median-> |
10 |
Cash Flow |
|
|
|
|
|
|
|
|
|
| Non-Cash CF |
$6.6 |
$7.1 |
-$0.3 |
-$5.3 |
$1.9 |
$2.0 |
$13.9 |
$16.2 |
$16.0 |
$44.4 |
$0.5 |
-$31.5 |
$0.0 |
$0.0 |
|
33.78% |
<-IRR #YR-> |
9 |
Cash Flow |
|
|
|
|
|
|
|
|
|
| OPS non-cash |
$0.53 |
$0.60 |
$0.34 |
$0.64 |
$0.68 |
$1.07 |
$1.47 |
$2.15 |
$2.71 |
$3.27 |
$3.23 |
$3.15 |
$4.32 |
$4.59 |
|
92.60% |
<-IRR #YR-> |
5 |
Cash Flow |
|
|
|
|
|
|
|
|
|
| P/OCF on Close |
4.75 |
3.83 |
5.90 |
4.28 |
5.36 |
5.72 |
9.54 |
16.00 |
15.13 |
5.02 |
7.98 |
10.58 |
9.15 |
8.61 |
|
18.01% |
<-IRR #YR-> |
10 |
CF - non cash |
|
|
|
|
|
|
|
|
|
| *Operational
Cash Flow per share |
|
|
|
|
|
P/CF |
10 yr |
6.94 |
5 yr |
10.58 |
|
|
|
16.47% |
<-IRR #YR-> |
5 |
CF - non cash |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$0.37 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$5.13 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$0.19 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$5.13 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$0.60 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$3.15 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$1.47 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$3.15 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| OPM |
-2.54% |
-1.98% |
3.85% |
11.50% |
5.06% |
6.90% |
1.34% |
4.57% |
6.45% |
-0.86% |
9.85% |
14.55% |
|
|
|
should be zero, it is a check
on calculations |
|
|
|
|
|
|
|
|
|
|
|
|
| Diff from Ave |
-144.2% |
-134.5% |
-33.2% |
99.9% |
-12.1% |
19.9% |
-76.7% |
-20.6% |
12.1% |
-114.9% |
71.1% |
152.8% |
|
|
|
0.00 |
<-Median-> |
10 |
OPM |
|
|
|
|
|
|
|
|
|
| *Operational
Profit Margin (CF/Revenue) Ratio |
|
|
|
|
OPM |
10 Yrs |
5.75% |
5 Yrs |
6.45% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q3 2011 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Curr Assets |
$42.82 |
$51.72 |
$58.65 |
$48.08 |
$61.70 |
$67.36 |
$100.54 |
$152.24 |
$169.57 |
$277.11 |
$254.58 |
$272.25 |
$333.89 |
|
|
Liq ratio of 1.5 and up, best |
|
Assets |
|
|
|
|
|
|
|
|
|
| Curr Liab. |
$20.44 |
$30.36 |
$37.86 |
$26.66 |
$35.82 |
$30.77 |
$45.05 |
$72.27 |
$66.33 |
$120.21 |
$84.50 |
$79.85 |
$50.67 |
|
|
2.21 |
<-Median-> |
10 |
Liabilities |
|
|
|
|
|
|
|
|
|
| Liquidity |
2.09 |
1.70 |
1.55 |
1.80 |
1.72 |
2.19 |
2.23 |
2.11 |
2.56 |
2.31 |
3.01 |
3.41 |
6.59 |
|
|
2.56 |
<-Median-> |
5 |
Ratio |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Assets |
$57.99 |
$74.49 |
$80.85 |
$69.44 |
$93.35 |
$98.12 |
$137.89 |
$213.67 |
$244.59 |
$407.55 |
$370.80 |
$521.63 |
$596.70 |
|
|
A/L ratio of 1.5 and up, best |
|
Assets |
|
|
|
|
|
|
|
|
|
| Liab. |
$28.00 |
$42.92 |
$49.24 |
$34.08 |
$51.06 |
$48.91 |
$73.08 |
$107.85 |
$117.10 |
$246.34 |
$190.82 |
$240.25 |
$272.29 |
|
|
1.96 |
<-Median-> |
10 |
Liabilities |
|
|
|
|
|
|
|
|
|
| Liquidity |
2.07 |
1.74 |
1.64 |
2.04 |
1.83 |
2.01 |
1.89 |
1.98 |
2.09 |
1.65 |
1.94 |
2.17 |
2.19 |
|
|
1.98 |
<-Median-> |
5 |
Ratio |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Book Value |
$29.99 |
$31.57 |
$31.61 |
$35.36 |
$42.29 |
$49.21 |
$64.81 |
$105.82 |
$127.49 |
$161.20 |
$179.98 |
$281.39 |
$324.41 |
|
|
791.31% |
<-Total Growth |
10 |
Book Value |
|
|
|
|
|
|
|
|
|
| BV per share |
$3.24 |
$3.53 |
$3.50 |
$3.91 |
$4.22 |
$4.81 |
$5.96 |
$8.60 |
$10.33 |
$12.83 |
$14.19 |
$17.67 |
$20.37 |
$20.37 |
|
400.82% |
<-Total Growth |
10 |
Book Value |
|
|
|
|
|
|
|
|
|
| Change |
11.12% |
8.77% |
-0.92% |
11.71% |
8.14% |
13.84% |
23.89% |
44.47% |
20.05% |
24.19% |
10.60% |
24.54% |
15.29% |
|
|
1.2543 |
Current/Historical; Lower,
better; best .8 or lower |
|
|
|
|
|
|
|
|
|
|
|
| P/BV (CL) |
0.77 |
0.65 |
0.57 |
0.70 |
0.86 |
1.27 |
2.35 |
4.00 |
3.97 |
1.28 |
1.81 |
1.88 |
1.94 |
|
|
17.48% |
<-IRR #YR-> |
10 |
Book Value |
|
|
|
|
|
|
|
|
|
| Change |
28.56% |
-15.42% |
-12.23% |
23.09% |
22.74% |
46.81% |
85.25% |
70.08% |
-0.72% |
-67.79% |
41.96% |
3.81% |
2.97% |
|
|
24.30% |
<-IRR #YR-> |
5 |
Book Value |
|
|
|
|
|
|
|
|
|
| Leverage (A/BK) |
1.93 |
2.36 |
2.56 |
1.96 |
2.21 |
1.99 |
2.13 |
2.02 |
1.92 |
2.53 |
2.06 |
1.85 |
1.84 |
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2.04 |
<-Median-> |
10 |
A/BV |
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| Debt/Equity Ratio |
0.93 |
1.36 |
1.56 |
0.96 |
1.21 |
0.99 |
1.13 |
1.02 |
0.92 |
1.53 |
1.06 |
0.85 |
0.84 |
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1.04 |
<-Median-> |
10 |
Debt/Eq Ratio |
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| Sharerholders Equity (Assets less liabilities) |
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P/BV |
10 yr Med |
1.55 |
5 yr Med |
1.88 |
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-$3.53 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$17.67 |
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-$5.96 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$17.67 |
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| ROE |
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19.8% |
17.4% |
22.2% |
12.5% |
10.3% |
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17.37% |
<-Median-> |
5 |
Compreh. Inc |
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| Comprehensive Inc |
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$20.97 |
$22.15 |
$35.85 |
$22.43 |
$28.88 |
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Compreh. Inc |
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| ROE |
12.1% |
10.0% |
1.5% |
10.5% |
8.9% |
14.8% |
17.8% |
19.7% |
20.2% |
17.7% |
16.7% |
12.2% |
16.3% |
<-12 mths |
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Net Income/Shareholders'
equity |
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| 5Yr Median |
9.1% |
10.0% |
10.0% |
10.5% |
10.0% |
10.0% |
10.5% |
14.8% |
17.8% |
17.8% |
17.8% |
17.7% |
16.7% |
<-12 mths |
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| Net Income |
$3.62 |
$3.16 |
$0.49 |
$3.72 |
$3.75 |
$7.29 |
$11.50 |
$20.85 |
$25.70 |
$28.55 |
$30.07 |
$34.40 |
$52.94 |
<-12 mths |
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989.99% |
<-Total Growth |
10 |
Net Income |
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| Oper C. F. |
-$1.75 |
-$1.73 |
$3.38 |
$11.12 |
$4.88 |
$8.90 |
$2.10 |
$10.23 |
$17.39 |
-$3.30 |
$40.48 |
$81.61 |
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C F Statement |
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Oper C. F. |
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| Invest. C. F |
-$3.91 |
$5.56 |
-$1.85 |
-$1.27 |
-$19.07 |
-$3.88 |
$23.83 |
-$50.36 |
-$23.53 |
-$49.04 |
-$4.26 |
-$89.38 |
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C F Statement |
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Invest. C. F |
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| Total Accruals |
$9.29 |
-$0.68 |
-$1.04 |
-$6.12 |
$17.94 |
$2.28 |
-$14.43 |
$60.98 |
$31.84 |
$80.88 |
-$6.15 |
$42.17 |
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Accruals |
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| Total Assets |
$57.99 |
$74.49 |
$80.85 |
$69.44 |
$93.35 |
$98.12 |
$137.89 |
$213.67 |
$244.59 |
$407.55 |
$370.80 |
$521.63 |
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Balance Sheet |
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Assets |
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| Accruals Ratio |
16.02% |
-0.91% |
-1.28% |
-8.82% |
19.22% |
2.32% |
-10.46% |
28.54% |
13.02% |
19.85% |
-1.66% |
8.08% |
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Ratio |
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| up/down/neutral |
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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 |
42.86% |
-8.00% |
-13.04% |
37.50% |
32.73% |
67.12% |
129.51% |
145.71% |
19.19% |
-60.00% |
57.01% |
29.28% |
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| Any Predictions? |
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| Fin. C. F |
$1.53 |
$7.29 |
-$1.52 |
-$9.84 |
$14.19 |
-$5.01 |
$21.64 |
$39.94 |
$6.14 |
$52.34 |
-$36.22 |
$7.78 |
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C F Statement |
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Fin. C. F |
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| Total Accruals |
$7.76 |
-$7.96 |
$0.49 |
$3.72 |
$3.75 |
$7.29 |
-$36.07 |
$21.03 |
$25.70 |
$28.55 |
$30.07 |
$34.40 |
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Accruals |
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| Accruals Ratio |
13.38% |
-10.69% |
0.60% |
5.36% |
4.02% |
7.43% |
-26.16% |
9.84% |
10.51% |
7.00% |
8.11% |
6.59% |
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Ratio |
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| Nov 20,
2011. Last estiamtes for 2009 and 2010
were $2.55 and $2.75 for EPS. |
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| Jun 13,
2009AR 2008. My one concern is that
with the Accrual Ratio so high there may be a question on the quality of the
reported earnings. This is a small,
dividend paying growing company. |
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| As such,
this investment would be part speculation and part investment. A lot of the return on this stock will be
an increase in stock price. |
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| The thing I
worry about is that cash flow was negative in 2008. Cash Flow is usually more accurate than
EPS. They have EPS, but not Cash
Flow. Also, the high Accrual Ratio
points may point to a problem |
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| with the
quality of their earnings. |
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| Dividends are
paid Semi-annually in May and November.
Dividends are usually raised in November. |
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| How they make
their money. |
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| Stella-Jones
Inc. is a leading North American producer and marketer of industrial pressure
treated wood products, specializing in the production of railway ties and
timbers as well as wood poles supplied |
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| to
electrical utilities and telecommunications companies. The Company also
provides treated consumer lumber products and customized services to lumber
retailers and wholesalers for outdoor applications. |
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| Other
products include marine and foundation pilings, construction timbers, highway
guardrail posts and treated wood for bridges. It has sales in Canada and US. |
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| 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. |
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| 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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| Copyright ©
2008 Website of SPBrunner. All rights reserved. |
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