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. Estimates Estimates Estimates
See my website on stocks or see my blog at the following sites.  www.spbrunner.com/stocks.html www.spbrunner.blogspot.com/ Q2 2016
HNZ Group Inc. TSX: HNZ OTH: CDHPF www.hnz.com Fiscal Yr: Dec 31
Year 12/31/04 12/31/05 12/31/06 12/31/07 12/31/08 12/31/09 12/31/10 12/31/11 12/31/12 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 12/31/18 Value Description #Y Item
Accounting Rules C GAAP IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS Accounting Rules
$213.4 <-12 mths 13.05%
Revenue* $116.0 $124.0 $135.7 $147.5 $150.9 $154.2 $170.7 $264.3 $256.0 $255.1 $207.5 $188.7 $213 $202 $207 52.20% <-Total Growth 10 Revenue
Increase 1.75% 6.90% 9.41% 8.75% 2.29% 2.18% 10.68% 54.85% -3.14% -0.35% -18.65% -9.06% 12.86% -5.16% 2.48% 4.29% <-IRR #YR-> 10 Revenue
5 year Running Average $119.9 $127.4 $134.8 $142.5 $151.8 $177.5 $199.2 $220.1 $230.7 $234.3 $224.1 $213.3 $203.7 2.03% <-IRR #YR-> 5 Revenue
Revenue per Share $11.02 $11.78 $12.89 $14.01 $14.59 $14.95 $13.06 $20.22 $19.59 $19.52 $15.88 $14.47 $16.36 $15.51 $15.90 7.73% <-IRR #YR-> 9 5 yr Running Average
Increase 1.75% 6.90% 9.41% 8.75% 4.09% 2.48% -12.62% 54.85% -3.14% -0.35% -18.65% -8.87% 13.03% -5.16% 2.48% 9.07% <-IRR #YR-> 5 5 yr Running Average
5 year Running Average $11.39 $12.10 $12.86 $13.64 $13.90 $15.37 $16.48 $17.47 $17.66 $17.94 $17.16 $16.35 $15.62 2.08% <-IRR #YR-> 10 Revenue per Share
P/S (Price/Sales) Med 0.00 0.74 0.65 0.78 0.66 0.57 1.03 1.01 1.40 1.14 1.27 1.21 2.07% <-IRR #YR-> 5 Revenue per Share
P/S (Price/Sales) Close 0.91 0.75 0.65 0.96 0.58 0.74 1.25 1.19 1.10 1.10 1.30 0.80 0.81 0.86 0.84 5.17% <-IRR #YR-> 9 5 yr Running Average
*Revenue in M CDN $  P/S Med 10 yr  1.02 5 yr  1.21 -20.25% Diff M/C 5.23% <-IRR #YR-> 5 5 yr Running Average
-$124.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $188.7
-$170.7 $0.0 $0.0 $0.0 $0.0 $188.7
-$119.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $234.3
-$151.8 $0.0 $0.0 $0.0 $0.0 $234.3
-$11.78 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $14.47
-$13.06 $0.00 $0.00 $0.00 $0.00 $14.47
-$11.39 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $17.94
-$13.90 $0.00 $0.00 $0.00 $0.00 $17.94
-$0.45 <-12 mths 57.07%
EPS Basic $0.35 $1.45 $2.03 $1.46 $2.05 $2.14 $3.84 $3.30 $1.52 $0.09 -$1.05 -401.03% <-Total Growth 10 EPS Basic
EPS Diluted* $0.35 $1.45 $2.03 $1.46 $2.05 $2.14 $3.84 $3.30 $1.52 $0.09 -$1.05 $0.79 $0.87 $1.16 -401.03% <-Total Growth 10 EPS Diluted
Increase 314% 40.00% -28.08% 40.41% 4.39% 79.48% -14.08% -53.95% -93.82% -1221.09% -174.98% 10.13% 33.33% #NUM! <-IRR #YR-> 10 Earnings per Share -401.03%
Earnings Yield 4.0% 17.3% 15.1% 17.3% 18.6% 13.2% 16.0% 15.3% 7.1% 0.5% -9.1% 5.9% 6.5% 8.7% #NUM! <-IRR #YR-> 5 Earnings per Share -149.23%
5 year Running Average $1.47 $1.83 $2.30 $2.56 $2.57 $2.18 $1.54 $0.93 $0.44 $0.37 0.80% <-IRR #YR-> 6 5 yr Running Average 4.91%
10 year Running Average $1.82 $1.68 $1.62 $1.50 $1.47 -3.35% <-IRR #YR-> 5 5 yr Running Average -15.66%
* Diluted ESP per share  E/P 10 Yrs 15.21% 5Yrs 7.06%
-$0.35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -$1.05
-$2.14 $0.00 $0.00 $0.00 $0.00 -$1.05
-$1.47 $0.00 $0.00 $0.00 $0.00 $0.00 $1.54
-$1.83 $0.00 $0.00 $0.00 $0.00 $1.54
Special Dividends $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends
Comments real $0.24
Dividend* $1.03 $1.05 $1.05 $1.10 $1.10 $1.10 $1.10 $1.10 $1.10 $1.10 $1.10 $0.00 $0.00 $0.00 7.38% <-Total Growth 10 Dividends
Increase 2.27% 0.42% 4.56% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -100.00% #DIV/0! #DIV/0! Count 11 Years of data
Dividends 5 Yr Running $1.07 $1.08 $1.09 $1.10 $1.10 $1.10 $1.10 $0.88 $0.66 $0.44 #DIV/0! <-Total Growth 6 Dividends 5 Yr Running
Yield H/L Price 11.75% 12.52% 9.67% 11.42% 12.86% 8.17% 5.42% 4.02% 4.97% 5.47% 6.30% 0.00% 7.24% <-Median-> 10 Yield H/L Price
Yield on High  Price 10.44% 11.03% 7.86% 7.99% 9.89% 6.49% 4.51% 3.12% 4.55% 4.70% 4.50% 0.00% 5.60% <-Median-> 10 Yield on High  Price
Yield on Low Price 13.42% 14.48% 12.55% 20.05% 18.38% 11.04% 6.79% 5.63% 5.48% 6.54% 10.50% 0.00% 10.77% <-Median-> 10 Yield on Low Price
Yield on Close Price 11.60% 12.50% 7.86% 13.09% 10.02% 6.78% 4.58% 5.10% 5.13% 5.33% 9.50% 0.00% 0.00% 0.00% 7.32% <-Median-> 10 Yield on Close Price
Payout Ratio EPS 293.34% 72.41% 51.94% 75.51% 53.78% 51.52% 28.70% 33.41% 72.56% 1173.12% -104.64% 0.00% 0.00% 0.00% 52.86% <-Median-> 10 DPR EPS
DPR EPS 5 Yr Running 72.70% 59.28% 47.43% 43.10% 42.90% 50.60% 71.58% 94.84% 148.99% 118.52% 50.60% <-Median-> 7 DPR EPS 5 Yr Running
Payout Ratio CFPS 59.87% 44.10% 34.41% 61.69% 34.26% 58.15% 19.19% 26.95% 29.81% 38.08% 107.21% #DIV/0! #DIV/0! #DIV/0! 36.24% <-Median-> 10 DPR CF
DPR CF 5 Yr Running 43.86% 43.83% 34.78% 32.94% 29.56% 30.08% 31.58% #DIV/0! #DIV/0! #DIV/0! 32.94% <-Median-> 7 DPR CF 5 Yr Running
Payout Ratio CFPS WC 387.91% 39.85% 37.94% 44.26% 41.13% 43.19% 20.83% 22.69% 22.98% 44.13% 77.90% #DIV/0! #DIV/0! #DIV/0! 40.49% <-Median-> 10 DPR CF WC
DPR CF WC 5 Yr Running 49.18% 41.19% 34.60% 30.84% 27.32% 27.56% 29.23% #DIV/0! #DIV/0! #DIV/0! 30.84% <-Median-> 7 DPR CF WC 5 Yr Running
Median Values 5 Yr Med 5 Yr Cl 5.42% 5.13% 5 Yr Med Payout 33.41% 29.81% 22.98% 0.71% <-IRR #YR-> 9 Dividends
* Dividends per share  5 Yr Med and Cur. -100.00% -100.00% Last Div Inc ---> $0.09 $0.09 0.0% 0.00% <-IRR #YR-> 5 Dividends
-$1.03 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.10
-$1.10 $0.00 $0.00 $0.00 $0.00 $1.10
Historical Dividends Historical High Div 19.71% Low Div 3.40% Ave Div 11.56% Med Div 8.17% Close Div 7.86% Historical Dividends
High/Ave/Median Values Curr diff Exp. -100.00% Exp -100.00% Exp. -100.00% Exp. -100.00% Exp. -100.00% High/Ave/Median 
Future Dividend Yield Div Yd 0.00% earning in 5 Years at IRR of 0.00% Div Inc. #DIV/0! Future Dividend Yield
Future Dividend Yield Div Yd 0.00% earning in 10.00 Years at IRR of 0.00% Div Inc. #DIV/0! Future Dividend Yield
Future Dividend Yield Div Yd 0.00% earning in 15.00 Years at IRR of 0.00% Div Inc. #DIV/0! Future Dividend Yield
Cost covered if held 5 years 61.92% 65.17% 50.55% 57.12% 64.29% 40.86% 21.67% 12.05% 9.94% 59.52% <-Median-> 6 Paid Median Price
Cost covered if held 10 years 124.99% 117.76% 80.88% 79.97% 124.99% <-Median-> 1 Paid Median Price
H/LYield held 5 yrs 12.61% 13.15% 10.11% 11.42% 12.86% 8.17% 0.00% 0.00% 0.00% 12.02% <-Median-> 6 Paid Median Price
H/LYield held 10 yrs 12.61% 0.00% 0.00% 0.00% 12.61% <-Median-> 1 Paid Median Price
Graham No. $8.72 $18.12 $22.29 $19.36 $23.82 $25.36 $37.28 $36.93 $25.63 $6.43 $6.19 $17.87 $18.75 $21.66 -29.08% <-Total Growth 10 Graham Price
Price/GP Ratio Med 1.00 0.46 0.49 0.50 0.36 0.53 0.55 0.74 0.87 3.13 2.83 0.69 0.54 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Hi 1.13 0.53 0.60 0.71 0.47 0.67 0.66 0.96 0.95 3.65 3.96 0.82 0.69 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 0.88 0.40 0.38 0.28 0.25 0.39 0.44 0.53 0.78 2.62 1.70 0.57 0.42 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Cl 1.01 0.46 0.60 0.43 0.46 0.64 0.65 0.58 0.84 3.22 1.88 0.74 0.71 0.61 0.62 <-Median-> 10 Price/GP Ratio
Prem/Disc CL 1.46% -53.64% -39.85% -56.50% -53.83% -35.85% -35.46% -41.51% -16.09% 221.60% 87.53% -25.58% -29.08% -38.59% -37.85% <-Median-> 10 Graham Price
Price Close $10.00 $8.85 $8.40 $13.41 $8.42 $11.00 $16.27 $24.06 $21.60 $21.51 $20.68 $11.60 $13.30 $13.30 $13.30 31.07% <-Total Growth 10 Stock Price
Increase -5.08% 59.64% -37.21% 30.64% 47.91% 47.88% -10.22% -0.42% -3.86% -43.91% 14.66% 0.00% 0.00% 2.74% <-IRR #YR-> 10 Stock Price
P/E 25.29 5.79 6.61 5.77 5.37 7.60 6.26 6.55 14.16 220.05 -11.01 16.84 15.29 11.47 -6.54% <-IRR #YR-> 5 Stock Price
Trailing P/E 24.00 9.25 4.15 7.53 7.94 11.24 5.62 6.52 13.61 123.43 -12.62 16.84 15.29 13.89% <-IRR #YR-> 10 Price & Dividend
Median 10, 5 Yrs D.  per yr 11.15% 7.71% % Tot Ret 80.26% 660.04% Price Inc -3.86% P/E:  6.40 6.55 1.17% <-IRR #YR-> 5 Price & Dividend
-$8.85 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $11.60
-$16.27 $0.00 $0.00 $0.00 $0.00 $11.60
-$8.85 $1.05 $1.05 $1.10 $1.10 $1.10 $1.10 $1.10 $1.10 $1.10 $12.70
-$16.27 $1.10 $1.10 $1.10 $1.10 $12.70
Price H/L Median $8.74 $8.39 $10.91 $9.65 $8.58 $13.49 $20.35 $27.46 $22.18 $20.16 $17.50 $12.41 100.17% <-Total Growth 10 Stock Price
Increase -4.06% 30.05% -11.51% -11.14% 57.32% 50.85% 34.91% -19.21% -9.13% -13.20% -29.09% 7.19% <-IRR #YR-> 10 Stock Price
P/E 24.97 5.78 5.37 6.61 4.18 6.30 5.30 8.32 14.60 214.46 -16.60 15.70 5.34% <-IRR #YR-> 5 Stock Price
Trailing P/E 23.96 7.52 4.75 5.87 6.58 9.51 7.15 6.72 13.26 186.16 -11.77 16.91% <-IRR #YR-> 10 Price & Dividend
P/E on Run. 5 yr Ave 5.84 7.39 8.83 10.73 8.63 9.25 11.36 13.34 12.77% <-IRR #YR-> 5 Price & Dividend
P/E on Run. 10 yr Ave 11.05 10.39 7.67 6.30 P/E Ratio Historical Median
Median 10, 5 Yrs D.  per yr 9.72% 7.44% % Tot Ret 57.50% 58.22% Price Inc -9.13% P/E:  6.04 8.32 Count 11 Years of data
-$8.74 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $17.50
-$13.49 $0.00 $0.00 $0.00 $0.00 $17.50
-$8.74 $1.05 $1.05 $1.10 $1.10 $1.10 $1.10 $1.10 $1.10 $1.10 $18.60
-$13.49 $1.10 $1.10 $1.10 $1.10 $18.60
High Months Sep Jan Dec Apr Dec Dec Nov May Feb Jun Feb Jun
Price High $9.83 $9.52 $13.41 $13.80 $11.15 $16.99 $24.47 $35.31 $24.25 $23.44 $24.49 $14.61 149.14% <-Total Growth 10 Stock Price
Increase -3.15% 40.86% 2.91% -19.20% 52.38% 44.03% 44.30% -31.32% -3.34% 4.48% -40.34% 9.56% <-IRR #YR-> 10 Stock Price
P/E 28.09 6.57 6.61 9.45 5.44 7.94 6.37 10.70 15.96 249.41 -23.24 18.49 7.59% <-IRR #YR-> 5 Stock Price
Trailing P/E 27.20 9.25 6.80 7.64 8.29 11.43 9.19 7.35 15.43 260.59 -13.87 7.94 P/E Ratio Historical Median
Median 10, 5 Yrs Price Inc 4.48% P/E:  7.27 10.70 23.24 P/E Ratio Historical High
-$9.83 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $24.49
-$16.99 $0.00 $0.00 $0.00 $0.00 $24.49
Low Months Oct Nov Jan Nov Mar Feb Mar Nov Nov Oct Dec Feb
Price Low $7.65 $7.25 $8.40 $5.50 $6.00 $9.99 $16.23 $19.60 $20.11 $16.87 $10.50 $10.20 37.25% <-Total Growth 10 Stock Price
Increase -5.23% 15.86% -34.52% 9.09% 66.50% 62.46% 20.76% 2.60% -16.11% -37.76% -2.86% 3.22% <-IRR #YR-> 10 Stock Price
P/E 21.86 5.00 4.14 3.77 2.93 4.67 4.23 5.94 13.23 179.51 -9.97 12.91 1.00% <-IRR #YR-> 5 Stock Price
Trailing P/E 20.71 5.79 2.71 4.11 4.87 7.58 5.10 6.09 11.10 111.73 -9.68 4.67 P/E Ratio Historical Median
Median 10, 5 Yrs Price Inc 2.60% P/E:  4.45 5.94 3.26 P/E Ratio Historical Low
-$7.65 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.50
Long Term Debt $2.86 $2.82 $3.82 Debt
Ratio to Market Cap 0.01 0.02 0.02 0.01 <-Median-> 2 % of Market C.
Goodwill & Intangibles $56.72 $32.30 $32.36 $17.55 $16.58 Intangibles Goodwill
Ratio to Market Cap 0.20 0.11 0.12 0.12 0.10 0.12 <-Median-> 4 % of Market C.
Market Cap $93 $88 $141 $87 $113 $213 $314 $282 $281 $270 $151 $173 $173 $173 73.64% <-Total Growth 10 Market Cap
Diluted 10.53 10.53 10.53 10.52 10.34 10.32 13.07 13.07 13.07 13.07 13.07 13.02 24.10% <-Total Growth 10 Diluted
Change 0.02% -0.02% -0.12% -1.67% -0.22% 26.67% 0.00% -0.01% 0.01% -0.02% -0.32% -0.01% <-Median-> 10 Change
Average # of Sh in M 10.53 10.53 10.53 10.52 10.34 10.32 13.07 13.07 13.07 13.07 13.07 13.02 24.10% <-Total Growth 10 Average
Change 0.02% -0.02% -0.12% -1.67% -0.22% 26.67% 0.00% -0.01% 0.01% -0.02% -0.32% -0.01% <-Median-> 10 Change
Difference 0.0% 0.0% 0.0% -1.6% -0.2% 26.7% 0.0% 0.0% 0.0% 0.0% -0.2% 0.0% 0.00% <-Median-> 10 Difference
$16.17 <-12 mths 20.59%
Class A Common 10.317 10.317 12.639 12.823 12.855 12.939 12.921 12.774 12.774 12.774
Class B Variable Voting 0.000 2.752 0.430 0.245 0.214 0.130 0.120 0.247 0.247 0.247
# of Share in Millions 10.528 10.528 10.528 10.528 10.347 10.317 13.069 13.069 13.069 13.069 13.069 13.041 13.021 13.021 13.021 2.16% <-IRR #YR-> 10 Shares
Change 0.00% 0.00% -1.72% -0.29% 26.67% 0.00% 0.00% 0.00% 0.00% -0.21% -0.16% 0.00% 0.00% -0.04% <-IRR #YR-> 5 Shares
CF fr Op $M $18.1 $25.1 $32.3 $18.5 $33.2 $24.8 $75.1 $53.5 $48.3 $37.8 $13.4 -25.72% <-Total Growth 10 Cash Flow
Increase 38.84% 28.70% -42.68% 79.51% -25.37% 203.00% -28.78% -9.59% -21.72% -64.55% S. Issue Buy Backs
5 year Running Average $25.4 $26.8 $36.8 $41.0 $47.0 $47.9 $45.6 79.51% <-Total Growth 6 CF 5 Yr Running
CFPS $1.71 $2.38 $3.06 $1.79 $3.22 $1.90 $5.74 $4.09 $3.70 $2.90 $1.03 -40.04% <-Total Growth 10 Cash Flow
Increase 38.84% 28.70% -41.68% 80.03% -41.08% 203.00% -28.78% -9.59% -21.72% -64.48% -2.93% <-IRR #YR-> 10 Cash Flow
5 year Running Average $2.43 $2.47 $3.14 $3.35 $3.73 $3.66 $3.49 -11.55% <-IRR #YR-> 5 Cash Flow
P/CF on Med Price 33.02 3.18 3.92 3.87 3.20 5.28 3.85 5.65 4.62 8.07 17.01 -4.99% <-IRR #YR-> 10 Cash Flow per Share
P/CF on Closing Price 33.44 3.19 4.83 3.38 4.10 6.37 4.55 4.45 4.48 8.28 11.28 -11.51% <-IRR #YR-> 5 Cash Flow per Share
-100.00% Diff M/C 6.20% <-IRR #YR-> 6 CFPS 5 yr Running
Excl.Working Capital CF -$15.3 $2.7 -$3.0 $7.3 -$5.5 $8.6 -$5.9 $10.0 $14.4 -$5.18 $5.05 7.17% <-IRR #YR-> 5 CFPS 5 yr Running
CF fr Op $M WC $2.8 $27.7 $29.3 $25.8 $27.7 $33.4 $69.2 $63.5 $62.7 $32.7 $18.5 562.39% <-Total Growth 10 Cash Flow less WC
Increase 895.52% 5.46% -11.90% 7.29% 20.64% 107.31% -8.19% -1.26% -47.92% -43.47% 20.81% <-IRR #YR-> 10 Cash Flow less WC
5 year Running Average $22.6 $28.8 $37.0 $43.9 $51.3 $52.3 $49.3 -11.16% <-IRR #YR-> 5 Cash Flow less WC
CFPS Excl. WC $0.26 $2.63 $2.78 $2.49 $2.68 $2.55 $5.29 $4.86 $4.80 $2.50 $1.42 13.84% <-IRR #YR-> 6 CF less WC 5 Yr Run
Increase 895.52% 5.46% -10.36% 7.61% -4.76% 107.31% -8.19% -1.26% -47.92% -43.35% 11.38% <-IRR #YR-> 5 CF less WC 5 Yr Run
5 year Running Average $2.17 $2.63 $3.16 $3.57 $4.04 $4.00 $3.77 18.25% <-IRR #YR-> 10 CFPS - Less WC
P/CF on Med Price 33.02 3.18 3.92 3.87 3.20 5.28 3.85 5.65 4.62 8.07 12.36 -11.13% <-IRR #YR-> 5 CFPS - Less WC
P/CF on Closing Price 33.44 3.19 4.83 3.38 4.10 6.37 4.55 4.45 4.48 8.28 8.20 9.65% <-IRR #YR-> 6 CFPS 5 yr Running
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 4.27 5 yr  5.65 P/CF Med 10 yr 4.27 5 yr  5.65 -100.00% Diff M/C 7.50% <-IRR #YR-> 5 CFPS 5 yr Running
-$1.71 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.03 Cash Flow per Share
-$1.90 $0.00 $0.00 $0.00 $0.00 $1.03 Cash Flow per Share
-$2.43 $0.00 $0.00 $0.00 $0.00 $0.00 $3.49 CFPS 5 yr Running
-$2.47 $0.00 $0.00 $0.00 $0.00 $3.49 CFPS 5 yr Running
-$2.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $18.5 Cash Flow less WC
-$33.4 $0.0 $0.0 $0.0 $0.0 $18.5 Cash Flow less WC
-$22.6 $0.0 $0.0 $0.0 $0.0 $0.0 $49.3 CF less WC 5 Yr Run
-$28.8 $0.0 $0.0 $0.0 $0.0 $49.3 CF less WC 5 Yr Run
-$0.26 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.42 CFPS - Less WC
-$2.55 $0.00 $0.00 $0.00 $0.00 $1.42 CFPS - Less WC
OPM 14.56% 18.48% 21.87% 12.25% 21.53% 14.51% 28.40% 20.88% 18.95% 18.23% 7.11% -51.20% <-Total Growth 10 OPM
Increase 26.90% 18.35% -43.97% 75.67% -32.57% 95.68% -26.47% -9.28% -3.77% -61.02% Should increase  or be stable.
Diff from Ave -22.2% -1.3% 16.9% -34.5% 15.0% -22.4% 51.8% 11.6% 1.3% -2.6% -62.0% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 18.71% 5 Yrs 18.95% should be  zero, it is a   check on calculations
Current Assets $29.23 $38.12 $35.31 $29.18 $73.09 $80.52 $73.35 $72.94 $87.10 $83.32 $89.70 $96.48 Liquidity ratio of 1.5 and up, best
Current Liabilities $18.86 $23.80 $27.82 $21.57 $26.91 $21.44 $45.86 $44.38 $40.59 $31.18 $42.59 $42.23 1.87 <-Median-> 10 Ratio
Liquidity 1.55 1.60 1.27 1.35 2.72 3.76 1.60 1.64 2.15 2.67 2.11 2.28 2.11 <-Median-> 5 Ratio
Liq. with CF aft div 1.93 2.19 2.03 1.68 3.53 4.24 2.92 2.52 2.98 3.42 2.08 2.28 2.92 <-Median-> 5 Ratio
Liq. CF re  Inv+Div  0.36 1.98 1.87 1.21 3.53 2.96 0.74 1.43 2.13 3.42 1.87 2.28 1.87 <-Median-> 5 Ratio
Assets $200.93 $208.55 $204.79 $203.21 $217.16 $228.99 $332.96 $353.33 $347.21 $321.08 $309.32 $306.31 Debt Ratio of 1.5 and up, best
Liabilities $72.60 $74.86 $59.81 $53.78 $56.20 $52.82 $120.91 $111.06 $93.63 $62.63 $69.38 $69.02 3.74 <-Median-> 10 Ratio
Debt Ratio 2.77 2.79 3.42 3.78 3.86 4.34 2.75 3.18 3.71 5.13 4.46 4.44 3.71 <-Median-> 5 Ratio
Book Value $128.3 $133.7 $145.0 $149.4 $161.0 $176.2 $212.0 $242.3 $253.6 $258.4 $239.9 $237.3 $237.3 $237.3 86.98% <-Total Growth 10 Book Value
NCI $26.60 $27.72 $30.42 $31.39 $34.02 $1.56 $1.86 $2.22 $2.38 $2.89 $3.95 $3.32 $3.3 $3.3
Book Value $101.72 $105.96 $114.55 $118.0 $126.9 $174.6 $210.2 $240.0 $251.2 $255.6 $236.0 $234.0 $234.0 $234.0 131.99% <-Total Growth 10 Book Value
Book Value per Share $9.66 $10.06 $10.88 $11.41 $12.30 $13.36 $16.08 $18.37 $19.22 $19.55 $18.10 $17.97 $17.97 $17.97 87.29% <-Total Growth 10 Book Value per Share
Change 4.17% 8.11% 4.85% 7.85% 8.59% 20.37% 14.20% 4.65% 1.73% -7.46% -0.70% 0.00% 0.00% -26.42% P/B Ratio Current/10 Year Median
P/B Ratio (Median) 0.90 0.83 1.00 0.85 0.70 1.01 1.27 1.49 1.15 1.03 0.97 0.69 1.00 P/B Ratio Historical Median
P/B Ratio (Close) 0.92 0.83 1.23 0.74 0.89 1.22 1.50 1.18 1.12 1.06 0.64 0.74 0.74 0.74 6.48% <-IRR #YR-> 10 Book Value per Share
Change -8.88% 47.67% -40.11% 21.13% 36.20% 22.85% -21.39% -4.84% -5.50% -39.39% 15.46% 0.00% 0.00% 6.25% <-IRR #YR-> 5 Book Value per Share
Leverage (A/BK) 1.57 1.56 1.41 1.36 1.35 1.30 1.57 1.46 1.37 1.24 1.29 1.29 1.36 <-Median-> 10 A/BV
Debt/Equity Ratio 0.57 0.56 0.41 0.36 0.35 0.30 0.57 0.46 0.37 0.24 0.29 0.29 0.36 <-Median-> 10 Debt/Eq Ratio
Book Value is Asset less Liabilities P/BV 10 yr Med 1.01 5 yr Med 1.15 -26.42% Diff M/C 1.37 Historical A/BV
-$9.66 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $18.10
-$13.36 $0.00 $0.00 $0.00 $0.00 $18.10
$2.01 <-12 mths 141.73%
Comprehensive Income $50.44 $45.63 $23.98 $18.69 -$6.44 -112.77% <-Total Growth 4 Comprehensive Income
NCI $0.33 $0.37 $0.41 $0.52 -$1.62 Comprehensive Income
Shareholders $15.29 $19.84 $17.15 $20.65 $21.85 $50.10 $45.26 $23.57 $18.17 -$4.82 -131.50% <-Total Growth 9 Comprehensive Income
Increase 29.70% -13.53% 20.36% 5.81% 129.36% -9.66% -47.93% -22.90% -126.52% -22.9% <-Median-> 5 Comprehensive Income
ROE 11.4% 13.7% 11.5% 12.8% 12.4% 23.6% 18.7% 9.3% 7.0% -2.0% 9.3% <-Median-> 5 Comprehensive Income
5Yr Median 12.4% 12.8% 12.8% 12.8% 12.4% 9.3% #NUM! <-IRR #YR-> 9 Comprehensive Income -131.50%
% Difference from NI -20.7% -26.7% -11.5% -23.1% -1.9% -1.1% 4.0% 17.6% 46.3% -64.9% #NUM! <-IRR #YR-> 5 Comprehensive Income -122.05%
Median Values Diff 5, 10 yr -6.7% 4.0%
-$15.3 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 -$4.8
-$21.8 $0.0 $0.0 $0.0 $0.0 -$4.8
Current Liability Coverage Ratio 0.15 1.17 1.05 1.19 1.03 1.56 1.51 1.43 1.54 1.05 0.43   CFO / Current Liabilities
5 year Median 1.05 1.17 1.19 1.43 1.51 1.51 1.43 1.43 <-Median-> 5 Current Liability Cov Ratio
Asset Efficiency Ratio 1.39% 13.30% 14.29% 12.68% 12.73% 14.57% 20.77% 17.97% 18.06% 10.17% 5.97% CFO / Total Assets
5 year Median 12.73% 13.30% 14.29% 14.57% 17.97% 17.97% 17.97% 18.0% <-Median-> 5 Return on Assets 
Return on Assets ROA 0.6% 7.3% 10.4% 7.5% 9.8% 9.6% 15.1% 12.2% 5.7% 3.8% -4.4% 2.7% Net  Income/Assets Return on Assets
5Yr Median 7.5% 9.6% 9.8% 9.8% 9.8% 9.6% 5.7% 3.8% 5.7% <-Median-> 5 Asset Efficiency Ratio
Return on Equity ROE 1.1% 14.4% 18.7% 13.0% 16.7% 12.6% 23.9% 18.0% 7.9% 4.8% -5.7% 3.6% Net Inc/ Shareholders' equity Return on Equity
5Yr Median 0.9% 6.3% 9.3% 9.6% 10.4% 12.4% 15.4% 16.1% 15.0% 12.9% 9.3% 5.7% 7.9% <-Median-> 5 Return on Equity
-$5.65 <-12 mths 58.12%
Net Income $26.82 $28.05 $50.55 $43.51 $20.22 $12.73 -$15.47
NCI $5.64 $5.98 $0.35 $0.39 $0.36 $0.45 -$1.98
Shareholders $1.15 $15.29 $21.40 $15.32 $21.18 $22.07 $50.19 $43.13 $19.86 $12.28 -$13.49 $8.37 $10.5 $12.1 -1272.23% <-Total Growth 10 Net Income
Increase 1229% 39.89% -28.41% 38.27% 4.22% 127.42% -14.08% -53.96% -38.15% -209.87% -162.03% 25.45% 15.24% EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $14.9 $19.1 $26.0 $30.4 $31.3 $29.5 $22.4 $14.0 $7.5 $6.0 #NUM! <-IRR #YR-> 9 Net Income -1272.23%
Operating Cash Flow $18.06 $25.07 $32.26 $18.49 $33.20 $24.78 $75.07 $53.46 $48.33 $37.84 $13.41 #NUM! <-IRR #YR-> 5 Net Income -161.14%
Investment Cash Flow -$82.08 -$2.51 -$2.37 -$8.33 $27.20 -$9.27 -$135.93 -$34.03 -$16.22 $7.74 -$4.88 7.06% <-IRR #YR-> 6 5 Yr Running Average 50.62%
Total Accruals $65.18 -$7.27 -$8.50 $5.16 -$39.22 $6.57 $111.05 $23.69 -$12.26 -$33.30 -$22.02 3.29% <-IRR #YR-> 5 5 Yr Running Average 17.54%
Total Assets $200.93 $208.55 $204.79 $203.21 $217.16 $228.99 $332.96 $353.33 $347.21 $321.08 $309.32 Balance Sheet Assets
Accruals Ratio 32.44% -3.48% -4.15% 2.54% -18.06% 2.87% 33.35% 6.71% -3.53% -10.37% -7.12% -3.53% <-Median-> 5 Ratio
EPS/CF Ratio 1.32 0.55 0.73 0.59 0.76 0.84 0.73 0.68 0.32 0.04 -0.74 0.63 <-Median-> 10 EPS/CF Ratio
-$15.3 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 -$13.5
-$22.1 $0.0 $0.0 $0.0 $0.0 -$13.5
-$14.9 $0.0 $0.0 $0.0 $0.0 $0.0 $22.4
-$19.1 $0.0 $0.0 $0.0 $0.0 $22.4
Change in Close 0.00% -5.08% 59.64% -37.21% 30.64% 47.91% 47.88% -10.22% -0.42% -3.86% -43.91% 14.66% 0.00% 0.00% Count 12 Change in Close
up/down down up down down up up Count 6
Meet Prediction? yes yes yes yes % right Count 4 66.67%
Financial Cash Flow $67.39 -$15.60 -$33.84 -$17.98 -$15.56 -$15.27 $23.81 -$22.36 -$30.73 -$37.57 -$14.91 C F Statement  Financial CF
Total Accruals -$2.22 $8.33 $25.34 $23.13 -$23.66 $21.84 $87.24 $46.06 $18.47 $4.28 -$7.10 Accruals
Accruals Ratio -1.10% 3.99% 12.37% 11.38% -10.90% 9.54% 26.20% 13.04% 5.32% 1.33% -2.30% 5.32% <-Median-> 5 Ratio
Cash $3.37 $9.99 $6.04 -$1.78 $43.06 $42.95 $6.68 $2.86 $4.15 $14.14 $11.10 $14.70 Cash
Cash per Share $0.32 $0.95 $0.57 -$0.17 $4.17 $3.29 $0.51 $0.22 $0.32 $1.08 $0.85 $1.13 $0.51 <-Median-> 5 Cash per Share
Percentage of Stock Price 3.62% 11.29% 4.28% -2.04% 37.94% 20.20% 2.12% 1.01% 1.48% 5.23% 7.34% 8.49% 2.12% <-Median-> 5 % of Stock Price
October 10, 2016.  Last estimates were for 2015, 2016 and 2017 of 179M, $192M and $210M for Revenue, $0.11, $0.79 and $1.12 for EPS and $0.08M, $10M and $14.8M for Net Income.
May 19, 2016.  The common and variable voting shares currently trading under the symbols of HNZ.A and HNZ.B will trade under the ticker HNZ.  
The shares previously were for common HNZ.A and non-Canadian variable HNZ.B.
October 10, 2015.  Last estimates were for 2014, 2015 and 2016 of $212M, $198M and $219M for Revenue, $1.23, $1.44 and $1.90 for EPS, $16.2M $18.8M anmd $25.1M for Net Income.
October 2, 2014.  Last estimates were for 2013, 2014 and 2015 of $251M, $235M and $188M for Revenue and $3.23, $2.68 and $1.70 for EPS.
Sepember 14, 2013.  Last estimates were for 2012 and 2013 of $274.6 and $283.9 for Revenue, $3.84 and 3.98 for EPS.
June 26, 2012.  Name will change in July to HNZ Group Inc and symbols to HNZ.A and HNZ.B from Canadian Helicopter Group and CHL.A and CHL.B.
June  24, 2012.  Last estimates were for 2010, 2011 and 2012 of $1.97, $2.71 and $2.29 for EPS.
Feb 21, 2011.  This company converted from a unit trust on Dec 31, 2010.  It was CHL.UN and symbol changed to CHL.A and CHL.B.
Dec 31, 2010.  Increase in shares occurred because of conversion of Class B LP units into shares.
October 31, 2006.  Finance Minister annouced changes to tax laws for Income Trust companies.
CHL.A (common shares) and CHL.B (variable voting shares).  CHL.B variable voting shares are for non-Canadians.
Would I buy this company and Why.
Currently I would not buy because it is not a dividend growth stock.  I will continue to follow it because it might become one.
Dividends
Dividends are paid monthly.  Dividends are declared for shareholders of record in one month and paid in the following month.
For excample, the dividend for shareholders of record of July 31, 2014 was paid on August 15, 2014.
Why am I following this stock. 
Canadian Helicopters Group Inc. has come up in Daily Buy and Sell Advisor of MPL Communications.
Dividend Ninja Blogger also mentioned this stock in a blog entry talking about High Yield Canadian Stocks.
http://www.dividendninja.com/high-yield-canadian-stocks-part-1/ 
Richard Morrison wrote about small caps in the Financial Post in February 2011.  He was screening financially healthy, profitable, reasonably valued small companies.  He got 18 of them, many were former income trusts.
One of the 18 stocks was this stock. 
Canadian Helicopters Group (CHL.A/TSX), a former income trust, has 132 aircraft operating from 43 base locations in Canada, serving oil and gas companies, emergency services, utilities, forestry, mining and construction.
It operates flight schools, repairs aircraft and supports the Canadian military in Afghanistan.
In January, the debt-free company announced a monthly dividend of 9.1875˘ per share — the same payout it offered as a trust — yielding 6.7%.
Including the dividend, investors have enjoyed a total return of 66% over the past year as the shares have climbed to the $16.35 range, yet they still trade at just 8.2 times earnings.
http://business.financialpost.com/2011/02/11/screening-for-small-caps/#more-27224 
How they make their money.
HNZ Group Inc. is an international provider of helicopter transportation and related support services with fixed primary operations in Canada, Australia, New Zealand and regions of Southeast Asia. 
The group also delivers contracted on demand support in Afghanistan and Antarctica.
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.
Shares; '%, Value $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M
Date Jul 06 2012 Sep 14 2013 Oct 2 2014 Oct 10 2015 Oct 10 2016
Wall, Don Ed 0.537 4.11% 0.473 3.62% 0.467 3.58% 0.518 3.98%
CEO - Shares - Amount $11.543 $9.792 $5.416 $6.893
Options - percentage 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00%
Options - amount $0.000 $0.000 $0.000 $0.000
Wright, Matthew 0.000 0.00% 0.001 0.01%
CFO - Shares - Amount $0.000 $0.016
Options - percentage 0.000 0.00% 0.000 0.00%
Options - amount $0.000 $0.000
Lafleur, Robert Jean 0.029 0.23% 0.013 0.10%
CFO - Shares - Amount $0.634 $0.277
Options - percentage 0.000 0.00% 0.000 0.00%
Options - amount $0.000 $0.000
Mullett, Keith Woodrow 0.015 0.11%
Officer - Shares - Amount $0.196
Options - percentage 0.000 0.00%
Options - amount $0.000
Bergnach, Edward Peter 0.049 0.37% 0.009 0.07% 0.019 0.15% 0.006 0.05%
Officer - Shares - Amount $1.052 $0.191 $0.220 $0.081
Options - percentage 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00%
Options - amount $0.000 $0.000 $0.000 $0.000
Findlay, Randall J. 0.020 0.15% 0.020 0.15% 0.020 0.15% 0.020 0.15%
Director - Shares - Amount $0.430 $0.414 $0.232 $0.266
Options - percentage 0.003 0.02% 0.007 0.05% 0.009 0.07% 0.012 0.09%
Options - amount $0.060 $0.138 $0.108 $0.160
Pollock, Laurence Malcolm 0.020 0.15% 0.020 0.15% 0.020 0.15%
Chairman - Shares - Amt $0.414 $0.232 $0.266
Options - percentage 0.002 0.02% 0.007 0.06% 0.014 0.10%
Options - amount $0.051 $0.086 $0.181
Fonds de solidarité FTQ 2.454 18.78% 2.454 18.78% Do not know if this is
10% Holder $52.795 $50.758 still true.  Does not 
Options - percentage 0.000 0.00% 0.000 0.00% appear to be.
Entity is sponsored by Quebec Federation of Labour as a region investment tool. $0.000 $0.000 Last filing in 2012
Increase in O/S Shares 0.163 1.25% 0.066 0.51% 0.000 0.00% 0.000 0.00% No chge in O/S Shares
due to SO $3.514 $1.424 $0.778 $0.000
Book Value $0.297 $0.252 $0.000 $0.000
Insider Buying $0.000 -$0.622
Insider Selling $0.319 $0.147
Net Insider Selling $1.493 $0.319 -$0.475
% of Market Cap 0.55% 0.21% -0.27%
Directors 5 6 6 6
Women 0 0% 0 0% 0 0% 0 0%
Minorities 0 0% 0 0% 0 0% 0 0%
Institutions/Holdings 16 49.45% 24 56.15% 20 58.21% 1 13.26% 21 67.75%
Total Shares Held 6.26 47.91% 7.212 55.18% 7.509 71.33% 0.020 0.15% 8.821 67.75%
Increase/Decrease -0.34 -5.19% 0.514 7.68% 0.001 0.01% 0.008 73.88% -0.374 -4.07%
Starting No. of Shares 6.60 6.698 7.508 0.011 9.195
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