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Quebecor Inc., together with its subsidiaries, operates in the telecommunications, media, and sports and entertainment businesses in Canada. Its Telecommunications segment offers television distribution, Internet access, mobile and wireline telephony, business solutions, and over-the-top video services; and Helix, a technology platform that provides entertainment and home management with features, including voice remote, ultra-intelligent Wi-Fi, and support for home automation. The company's Media segment is involved in the operation of over-the-air television network and specialty television services; provides soundstage and equipment rental, and post-production services for the film and television industries; prints, publishes, and distributes daily newspapers; operates news and entertainment digital platforms and a music streaming service; publishes and distributes magazines; produces and distributes audiovisual content; and operates an out-of-home advertising business. Its Sports and Entertainment segment engages in the show production, sporting, and cultural events management; publishing and distribution of books; distribution and production of music; and operation of two Quebec Major Junior Hockey League teams. Quebecor Inc. was incorporated in 1965 and is headquartered in Montreal, Canada. Quebecor Inc. (TSX:QBR.A) operates as a subsidiary of Les Placements Peladeau, Inc.
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Quebecor Inc is a Canadian communications and media group owning Vidéotron and a portfolio of television, print and digital assets that provide cable, broadband, wireless and content services in Quebec. Long-term growth drivers include broadband and mobile network expansion, streaming and content monetization, and higher bundle penetration. Recurring subscription revenue and a strong regional market position may support steady cash generation as network investments are monetized.
Principal risks include competition from national carriers and OTTs, high capital intensity and execution risk for network upgrades, regulatory uncertainty over pricing and access, and exposure to advertising volatility and cord-cutting.
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 | 810.10M | 785.40M | 790.00M | 766.50M | 597.30M |
| Minority interest | 3.00M | -10.00M | 101.50M | 94.60M | 88.50M |
| Net income | 599.70M | 578.40M | 607.20M | 652.80M | 401.50M |
| Selling general administrative | 696.90M | 685.00M | 635.50M | 700.80M | 700.50M |
| Selling and marketing expenses | - | - | - | - | 154.30M |
| Gross profit | 2631.40M | 2658.20M | 2588.10M | 2580.30M | 2432.60M |
| Reconciled depreciation | 767.70M | 783.80M | 803.20M | 750.40M | 720.20M |
| Ebit | 1163.60M | 1192.60M | 1148.70M | 1129.90M | 1017.40M |
| Ebitda | 1931.30M | 1976.40M | 1951.90M | 1880.30M | 1737.60M |
| Depreciation and amortization | 767.70M | 783.80M | 803.20M | 750.40M | 720.20M |
| Operating income | 1163.60M | 1192.60M | 1148.70M | 1129.90M | 1017.40M |
| Other operating expenses | 3365.10M | 3365.00M | 3168.40M | 3164.70M | 3169.10M |
| Interest expense | 317.30M | 337.60M | 329.20M | 330.50M | 326.70M |
| Tax provision | 213.40M | 197.00M | 205.80M | 205.70M | 161.90M |
| Interest income | 4.10M | 3.20M | - | 0.80M | 5.50M |
| Net interest income | -320.50M | -334.40M | -329.90M | -329.70M | -321.20M |
| Income tax expense | 213.40M | 197.00M | 205.80M | 205.70M | 161.90M |
| Total revenue | 4531.90M | 4554.40M | 4317.80M | 4293.80M | 4181.00M |
| Total operating expenses | 1464.60M | 1468.80M | 1438.70M | 1451.20M | 1420.70M |
| Cost of revenue | 1900.50M | 1896.20M | 1729.70M | 1713.50M | 1748.40M |
| Total other income expense net | -353.50M | -407.20M | -358.70M | -363.40M | -420.10M |
| Discontinued operations | - | - | 33.20M | 97.50M | 3.80M |
| Net income from continuing ops | 596.70M | 588.40M | 584.20M | 560.80M | 435.40M |
| Net income applicable to common shares | 599.70M | 578.40M | 607.20M | 652.80M | 403.70M |
| 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 | 10625.30M | 10763.00M | 9861.60M | 9725.90M | 9531.60M |
| Intangible assets | 2275.00M | 2344.10M | 1466.70M | 1444.00M | 1135.30M |
| Other current assets | 135.50M | 132.00M | 113.00M | 121.20M | 120.50M |
| Total liab | 9141.80M | 9384.20M | 8647.50M | 8653.80M | 8953.70M |
| Total stockholder equity | 1357.30M | 1255.60M | 1112.60M | 977.50M | 489.20M |
| Deferred long term liab | 99.50M | 106.30M | 88.30M | 57.70M | 49.60M |
| Other current liab | 210.70M | 226.70M | 550.80M | 470.20M | 371.80M |
| Common stock | 916.20M | 965.20M | 1017.80M | 1055.90M | 1065.90M |
| Capital stock | 916.20M | 965.20M | 1017.80M | 1055.90M | 1065.90M |
| Retained earnings | 421.90M | 292.30M | 211.30M | -31.70M | -498.70M |
| Other liab | 990.10M | 1122.80M | 1271.00M | 1230.40M | 1042.70M |
| Good will | 2726.00M | 2718.50M | 2714.00M | 2692.90M | 2678.30M |
| Other assets | 521.90M | 734.10M | 966.50M | 225.20M | 217.10M |
| Cash | 6.60M | 64.70M | 136.70M | 14.00M | 21.00M |
| Total current liabilities | 2534.80M | 1473.10M | 1314.20M | 1264.40M | 1414.20M |
| Current deferred revenue | 345.10M | 472.10M | 307.50M | 332.70M | 340.70M |
| Net debt | 6818.50M | 6792.90M | 5961.70M | 6260.80M | 6581.50M |
| Short term debt | 1208.20M | 92.60M | 64.50M | 117.90M | 82.20M |
| Short long term debt | 1171.20M | 56.50M | 30.20M | 86.60M | 82.20M |
| Short long term debt total | 6825.10M | 6857.60M | 6098.40M | 6274.80M | 6602.50M |
| Other stockholder equity | 17.40M | 17.40M | 17.40M | 17.40M | 4.70M |
| Property plant equipment | 3053.00M | 3211.00M | 3332.30M | 3526.30M | 3579.90M |
| Total current assets | 1810.10M | 1523.50M | 1280.80M | 1111.00M | 1125.80M |
| Long term investments | 151.00M | 159.30M | - | 679.80M | 880.30M |
| Net tangible assets | -3732.00M | -3879.50M | -3125.40M | -3214.10M | -3376.60M |
| Net receivables | 901.70M | 881.80M | 780.40M | 735.40M | 703.00M |
| Long term debt | 5467.70M | 6617.90M | 5894.90M | 6050.30M | 6520.30M |
| Inventory | 406.20M | 282.60M | 250.70M | 240.40M | 186.30M |
| Accounts payable | 770.80M | 681.70M | 666.80M | 578.70M | 619.50M |
| Accumulated other comprehensive income | 1.80M | -19.30M | -133.90M | -64.10M | -82.70M |
| Non currrent assets other | 588.20M | 767.40M | 1022.30M | 920.50M | 1088.60M |
| Non current assets total | 8815.20M | 9239.50M | 8580.80M | 8614.90M | 8405.80M |
| Capital lease obligations | 186.20M | 183.20M | 173.30M | 137.90M | - |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Investments | -2646.50M | -631.30M | -75.20M | -18.30M | -18.30M |
| Change to liabilities | - | 77.50M | 29.80M | 60.80M | -31.30M |
| Total cashflows from investing activities | - | -631.30M | -1536.50M | -713.90M | -800.10M |
| Net borrowings | - | -290.60M | 648.40M | -197.90M | -312.40M |
| Total cash from financing activities | 1123.90M | -812.60M | 281.90M | -602.00M | -418.30M |
| Change to operating activities | - | 24.90M | -28.60M | -5.60M | -36.10M |
| Net income | 646.80M | 596.70M | 588.40M | 584.20M | 560.80M |
| Change in cash | -70.60M | -181.20M | -72.00M | 122.70M | -7.00M |
| Begin period cash flow | 95.70M | 227.10M | 136.70M | 14.00M | 21.00M |
| End period cash flow | 25.10M | 45.90M | 64.70M | 136.70M | 14.00M |
| Total cash from operating activities | 1452.00M | 1262.70M | 1182.60M | 1431.50M | 1211.80M |
| Issuance of capital stock | - | - | - | 5.60M | 8.30M |
| Depreciation | 867.80M | 767.70M | 783.80M | 803.20M | 750.40M |
| Other cashflows from investing activities | - | -123.10M | 162.40M | -18.30M | -30.90M |
| Dividends paid | 277.20M | 282.10M | 267.60M | 201.10M | 100.30M |
| Change to inventory | - | -138.60M | -46.90M | -12.50M | -32.10M |
| Change to account receivables | - | -94.30M | -208.20M | -56.50M | 20.00M |
| Sale purchase of stock | -40.30M | -237.00M | -282.40M | -201.20M | -94.60M |
| Other cashflows from financing activities | - | -206.10M | 2440.10M | -128.80M | 885.80M |
| Change to netincome | - | -48.90M | -0.40M | -19.90M | 29.10M |
| Capital expenditures | 571.70M | 609.60M | 1448.00M | 653.10M | 998.50M |
| Change in working capital | -61.60M | -63.10M | -187.10M | 40.00M | -229.30M |
| Stock based compensation | - | - | - | 0.50M | 25.30M |
| Other non cash items | 7.70M | 24.70M | 57.40M | 7.00M | 32.10M |
| Free cash flow | 880.30M | 653.10M | -265.40M | 778.40M | 213.30M |
Sector: Communication Services Industry: Telecom Services
|
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) |
|---|---|---|---|---|---|---|---|---|
| QBR-B Quebecor Inc |
0.76 1.11% |
69.44 | 12.00 | 10.30 | 1.52 | 4.65 | 3.17 | 7.73 |
| VZ Verizon CDR (CAD Hedged) |
0.29 1.53% |
19.19 | 11.03 | 9.11 | 1.37 | 1.79 | 2.58 | 7.46 |
| BCE-PT Bce Inc Pref T |
0.05 0.22% |
22.65 | 5.52 | - | 2.83 | - | - | - |
| BCE-PL BCE Inc Pref AL |
- -% |
21.90 | 5.23 | - | 2.83 | - | - | - |
| BCE-PH Bce Inc Pref H |
0.30 1.41% |
21.60 | 5.82 | - | 2.81 | - | - | - |
Quebecor Inc., together with its subsidiaries, operates in the telecommunications, media, and sports and entertainment businesses in Canada. Its Telecommunications segment offers television distribution, Internet access, mobile and wireline telephony, business solutions, and over-the-top video services; and Helix, a technology platform that provides entertainment and home management with features, including voice remote, ultra-intelligent Wi-Fi, and support for home automation. The company's Media segment is involved in the operation of over-the-air television network and specialty television services; provides soundstage and equipment rental, and post-production services for the film and television industries; prints, publishes, and distributes daily newspapers; operates news and entertainment digital platforms and a music streaming service; publishes and distributes magazines; produces and distributes audiovisual content; and operates an out-of-home advertising business. Its Sports and Entertainment segment engages in the show production, sporting, and cultural events management; publishing and distribution of books; distribution and production of music; and operation of two Quebec Major Junior Hockey League teams. Quebecor Inc. was incorporated in 1965 and is headquartered in Montreal, Canada. Quebecor Inc. (TSX:QBR.A) operates as a subsidiary of Les Placements Peladeau, Inc.
| Name | Title | Year Born |
|---|---|---|
| Mr. Pierre Karl Peladeau | CEO & Pres | 1962 |
| Mr. Hugues Simard | Chief Financial Officer | 1967 |
| Ms. Lyne Robitaille | Sr. VP of Newspapers, Books & Magazines and Pres & Publisher of Le Journal de Montréal | 1963 |
| Mr. Douglas G. Bassett | Chairman of Quebecor-Ontario Media Advisory Board | 1941 |
| Mr. Martin Tremblay | Chief Operating Officer of Sports & Entertainment Group | 1976 |
| Mr. Denis Sabourin CPA, CA, CPA | VP & Corp. Controller | 1961 |
| Mr. Richard Soly | Pres of Le SuperClub Vidéotron ltée and Pres of Music & Retail Group of Quebecor Media Inc | 1938 |
| Mr. Jacques-Hervé Roubert | CEO & Pres of Nurun Inc | 1951 |
| Mr. Pierre Leaperance | Pres of Quebecor Media Book Group Inc | NA |
| Mr. Pierre Marchand | Pres of Music Sector of Archambault Group Inc | NA |
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