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CCL Industries Inc. engages in manufacture and sale of labels, consumer printable media products, technology-driven label solutions, polymer banknote substrates, and specialty films. It operates through four segments: CCL, Avery, Checkpoint, and Innovia. The CCL segment offers pressure sensitive and extruded film materials for decorative, instructional, security, and functional applications in the consumer packaging, healthcare, chemicals, consumer durables, electronic device, and automotive markets. This segment also provides extruded and labeled plastic tubes, aluminum aerosols and specialty bottles, folded instructional leaflets, precision decorated and die cut components, electronic displays, polymer banknote substrate, and other complementary products and services. The Avery segment offers printable media products, including address and shipping labels, marketing and product identification labels, indexes and dividers, business cards, and name badges supported by customized software solutions; and organizational products, such as binders, sheet protectors, and writing instruments. This segment also provides direct to consumer digitally imaged media products, such as labels, business cards, name badges, and family oriented identification labels supported by unique web-enabled e-commerce URLs. The Checkpoint segment offers technology-driven loss-prevention, inventory management, and labelling solutions, including radio frequency and radio-frequency identification solutions to retail and apparel industries. The Innovia segment provides specialty, high-performance, multi-layer, and surface engineered biaxially oriented polypropylene films for pressure sensitive label materials, flexible packaging, and consumer packaged goods industries. It operates in Canada, the United States, Puerto Rico, Mexico, Brazil, Chile, Argentina, Europe, Asia, Australia, Africa, and New Zealand. The company was founded in 1951 and is headquartered in Toronto, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
CCL Industries Inc is a global specialty packaging company supplying pressure-sensitive labels and other packaging solutions to consumer, healthcare and industrial customers. Long-term growth may be driven by steady demand for branded and pharmaceutical packaging, geographic expansion, sustainable-product innovation and scale from acquisitions. Investors may find the company attractive because it appears positioned to benefit from resilient end-markets and margin improvement through scale.
Principal risks include exposure to raw-material and freight cost volatility, foreign-exchange swings, competitive pricing pressure and execution risk from acquisitions.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 806.00M | 780.60M | 693.50M | 637.00M | 622.80M |
| Net income | 622.70M | 599.10M | 529.70M | 477.10M | 466.80M |
| Selling general administrative | 852.60M | 761.40M | 725.40M | 774.60M | 785.80M |
| Gross profit | 1715.20M | 1592.10M | 1502.20M | 1512.20M | 1498.80M |
| Reconciled depreciation | 365.30M | 342.40M | 346.40M | 329.60M | 278.00M |
| Ebit | 895.40M | 849.60M | 787.30M | 741.70M | 715.70M |
| Ebitda | 1260.70M | 1192.00M | 1133.70M | 1071.30M | 993.70M |
| Depreciation and amortization | 365.30M | 342.40M | 346.40M | 329.60M | 278.00M |
| Operating income | 895.40M | 849.60M | 787.30M | 741.70M | 713.00M |
| Other operating expenses | 5519.60M | 4902.10M | 4465.50M | 4583.70M | 4448.50M |
| Interest expense | 77.70M | 64.60M | 74.30M | 93.00M | 92.90M |
| Tax provision | 183.30M | 181.50M | 163.80M | 159.90M | 156.00M |
| Interest income | 12.90M | 7.70M | 9.10M | 12.00M | 12.20M |
| Net interest income | -64.80M | -56.90M | -65.20M | -81.00M | -80.70M |
| Income tax expense | 183.30M | 181.50M | 163.80M | 159.90M | 156.00M |
| Total revenue | 6382.20M | 5732.80M | 5242.30M | 5321.30M | 5161.50M |
| Total operating expenses | 852.60M | 761.40M | 725.40M | 774.60M | 785.80M |
| Cost of revenue | 4667.00M | 4140.70M | 3740.10M | 3809.10M | 3662.70M |
| Total other income expense net | -89.40M | -69.00M | -93.80M | -104.70M | -9.50M |
| Net income from continuing ops | 622.70M | 599.10M | 529.70M | 477.10M | 466.80M |
| Net income applicable to common shares | 622.70M | 599.10M | 529.70M | 477.10M | 466.80M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 8664.40M | 7627.80M | 7336.70M | 7038.00M | 7027.60M |
| Intangible assets | 1018.30M | 991.10M | 1007.60M | 1028.70M | 1138.90M |
| Other current assets | 58.00M | 54.50M | 39.10M | 45.00M | 42.90M |
| Total liab | 4399.20M | 3880.80M | 4054.50M | 4140.30M | 4354.50M |
| Total stockholder equity | 4265.20M | 3747.00M | 3282.20M | 2897.70M | 2673.10M |
| Other current liab | 568.70M | 587.80M | 542.80M | 496.70M | 550.90M |
| Common stock | 468.40M | 462.10M | 396.80M | 365.50M | 306.30M |
| Capital stock | 468.40M | 462.10M | 396.80M | 365.50M | 306.30M |
| Retained earnings | 3730.20M | 3422.70M | 2937.50M | 2540.00M | 2238.90M |
| Other liab | 582.60M | 659.50M | 783.90M | 646.60M | 547.20M |
| Good will | 2193.50M | 1975.10M | 1918.50M | 1794.40M | 1830.30M |
| Other assets | 160.90M | 89.80M | 78.70M | 83.20M | 75.90M |
| Cash | 831.50M | 594.10M | 700.30M | 695.20M | 581.00M |
| Total current liabilities | 1501.40M | 1418.00M | 1262.00M | 1148.00M | 1346.90M |
| Current deferred revenue | - | - | - | 496.50M | - |
| Net debt | 1530.30M | 1257.20M | 1394.30M | 1724.60M | 1910.60M |
| Short term debt | 46.60M | 48.00M | 86.00M | 74.10M | 71.80M |
| Short long term debt | 6.60M | 15.30M | 51.80M | 38.80M | 70.20M |
| Short long term debt total | 2361.80M | 1851.30M | 2094.60M | 2419.80M | 2491.60M |
| Other stockholder equity | 132.00M | 103.60M | 90.10M | 81.50M | 92.70M |
| Property plant equipment | 2392.50M | 2055.80M | 2041.10M | 1964.70M | 1797.50M |
| Total current assets | 2819.70M | 2447.60M | 2224.70M | 2105.00M | 2125.20M |
| Long term investments | 79.50M | 68.40M | 66.10M | 62.00M | 59.80M |
| Net tangible assets | 1053.40M | 780.80M | 356.10M | 74.60M | -296.10M |
| Net receivables | 1145.10M | 1121.70M | 951.80M | 883.20M | 976.70M |
| Long term debt | 2175.60M | 1691.40M | 1889.40M | 2234.80M | 2418.80M |
| Inventory | 785.10M | 677.30M | 533.50M | 481.60M | 524.60M |
| Accounts payable | 886.10M | 782.20M | 633.20M | 577.20M | 673.00M |
| Accumulated other comprehensive income | -65.40M | -241.40M | -142.20M | -89.30M | 35.20M |
| Non currrent assets other | 89.40M | 42.10M | 36.00M | 52.40M | 43.40M |
| Non current assets total | 5844.70M | 5180.20M | 5112.00M | 4933.00M | 4902.40M |
| Capital lease obligations | 179.60M | 144.60M | 153.40M | 146.20M | 2.60M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -706.60M | -541.30M | -428.00M | -376.10M | -696.10M |
| Change to liabilities | 41.90M | 164.00M | 48.70M | -197.10M | 149.40M |
| Total cashflows from investing activities | -706.60M | -541.30M | -428.00M | -376.10M | -696.10M |
| Net borrowings | 292.30M | -269.50M | -358.40M | -156.80M | 5.80M |
| Total cash from financing activities | -72.60M | -370.00M | -461.30M | -256.20M | -67.30M |
| Change to operating activities | 17.10M | -19.80M | -6.60M | -20.80M | -13.30M |
| Net income | 622.70M | 599.10M | 529.70M | 477.10M | 466.80M |
| Change in cash | 237.40M | -101.60M | 0.10M | 114.50M | 31.60M |
| Begin period cash flow | 602.10M | 703.70M | 703.60M | 589.10M | 557.50M |
| End period cash flow | 839.50M | 602.10M | 703.70M | 703.60M | 589.10M |
| Total cash from operating activities | 992.80M | 838.70M | 882.90M | 779.50M | 772.70M |
| Issuance of capital stock | 5.40M | 50.50M | 25.80M | 21.70M | 19.10M |
| Depreciation | 365.30M | 342.40M | 346.40M | 329.60M | 278.00M |
| Dividends paid | 170.30M | 151.00M | 128.70M | 121.10M | 92.20M |
| Change to inventory | -69.60M | -125.90M | -38.50M | 44.50M | -62.10M |
| Change to account receivables | 23.60M | -129.50M | -43.20M | 90.80M | -58.50M |
| Sale purchase of stock | -200.00M | - | - | - | - |
| Other cashflows from financing activities | 1010.70M | 41.30M | 916.30M | 175.10M | 888.50M |
| Change to netincome | -4.20M | 10.90M | 36.70M | 57.10M | 21.00M |
| Capital expenditures | 447.20M | 323.80M | 282.80M | 345.60M | 352.90M |
| Change in working capital | 9.00M | -113.70M | -29.90M | -84.30M | 6.90M |
| Stock based compensation | 38.60M | 28.30M | 14.10M | 26.30M | 22.90M |
| Other non cash items | -226.10M | -198.90M | -141.20M | -129.10M | -157.90M |
| Free cash flow | 545.60M | 514.90M | 600.10M | 433.90M | 419.80M |
Sector: Consumer Cyclical Industry: Packaging & Containers
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| CCL-B CCL Industries Inc |
1.05 1.06% |
100.50 | 15.94 | 14.71 | 1.54 | 2.17 | 1.80 | 8.99 |
| WPK Winpak Ltd. |
0.60 1.34% |
45.47 | 13.87 | 12.76 | 2.23 | 1.42 | 1.31 | 6.01 |
| TCL-A Transcontinental Inc |
0.17 3.11% |
5.63 | 13.74 | 6.83 | 0.40 | 0.61 | 0.71 | 5.33 |
| TCL-B Transcontinental Inc |
- -% |
6.75 | 13.64 | 6.84 | 0.40 | 0.61 | 0.71 | 5.36 |
| CAS Cascades Inc. |
0.43 2.44% |
18.02 | 15.85 | 8.19 | 0.23 | 0.64 | 0.63 | 5.62 |
CCL Industries Inc. engages in manufacture and sale of labels, consumer printable media products, technology-driven label solutions, polymer banknote substrates, and specialty films. It operates through four segments: CCL, Avery, Checkpoint, and Innovia. The CCL segment offers pressure sensitive and extruded film materials for decorative, instructional, security, and functional applications in the consumer packaging, healthcare, chemicals, consumer durables, electronic device, and automotive markets. This segment also provides extruded and labeled plastic tubes, aluminum aerosols and specialty bottles, folded instructional leaflets, precision decorated and die cut components, electronic displays, polymer banknote substrate, and other complementary products and services. The Avery segment offers printable media products, including address and shipping labels, marketing and product identification labels, indexes and dividers, business cards, and name badges supported by customized software solutions; and organizational products, such as binders, sheet protectors, and writing instruments. This segment also provides direct to consumer digitally imaged media products, such as labels, business cards, name badges, and family oriented identification labels supported by unique web-enabled e-commerce URLs. The Checkpoint segment offers technology-driven loss-prevention, inventory management, and labelling solutions, including radio frequency and radio-frequency identification solutions to retail and apparel industries. The Innovia segment provides specialty, high-performance, multi-layer, and surface engineered biaxially oriented polypropylene films for pressure sensitive label materials, flexible packaging, and consumer packaged goods industries. It operates in Canada, the United States, Puerto Rico, Mexico, Brazil, Chile, Argentina, Europe, Asia, Australia, Africa, and New Zealand. The company was founded in 1951 and is headquartered in Toronto, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Donald G. Lang B.A. (Hon.), HBA | Exec. Chairman | 1955 |
| Mr. Geoffrey T. Martin | Pres, CEO & Director | 1955 |
| Mr. Sean P. Washchuk | Sr. VP & CFO | 1973 |
| Ms. Lalitha Vaidyanathan | Sr. VP of Fin., IT & HR | NA |
| Mr. Ben Rubino | Pres of Home & Personal Care Worldwide | 1963 |
| Mr. Gunther Birkner | Pres of Food & Beverage, Healthcare & Specialty Bus. and Innovia Films Worldwide | 1973 |
| Mr. Nicolangelo Vecchiarelli | VP of Corp. Accounting | NA |
| Mr. Mark A. McClendon | VP & Gen. Counsel | NA |
| Mr. Ben Lilienthal | Pres of Checkpoint Unit | NA |
| Mr. James A. Sellors | Sr. VP of CCL Industries Asia Pacific | NA |
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