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/ Q3 2015
PFB Corp TSX: PFB OTC: PFBOF www.pfbcorp.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
$100.9 <-12 mths 1.79%
Revenue* $52.1 $80.4 $78.2 $82.9 $79.8 $65.9 $65.6 $89.2 $82.1 $84.5 $89.9 $99.1 $101.9 $109.0 23.28% <-Total Growth 10 Revenue
Increase 25.69% 54.40% -2.73% 6.01% -3.75% -17.39% -0.53% 35.96% -7.95% 3.01% 6.33% 10.27% 2.79% 6.97% 2.12% <-IRR #YR-> 10 Revenue
5 year Running Average $42.1 $50.7 $58.3 $67.0 $74.7 $77.5 $74.5 $76.7 $76.5 $77.5 $82.3 $89.0 $91.5 $96.9 8.62% <-IRR #YR-> 5 Revenue
Revenue per Share $7.77 $11.96 $11.65 $12.60 $12.14 $10.04 $9.92 $13.18 $12.13 $12.57 $13.39 $14.76 $15.17 $16.23 5.79% <-IRR #YR-> 10 5 yr Running Average
Increase 6.71% 53.89% -2.60% 8.14% -3.64% -17.34% -1.19% 32.92% -7.95% 3.62% 6.47% 10.27% 2.79% 6.97% 3.62% <-IRR #YR-> 5 5 yr Running Average
5 year Running Average $7.18 $8.25 $9.16 $10.25 $11.23 $11.68 $11.27 $11.58 $11.48 $11.57 $12.24 $13.21 $13.61 $14.42 2.12% <-IRR #YR-> 10 Revenue per Share
P/S (Price/Sales) Med 0.72 0.78 0.90 0.70 0.51 0.51 0.61 0.45 0.51 0.46 0.35 0.49 0.60 0.00 8.28% <-IRR #YR-> 5 Revenue per Share
P/S (Price/Sales) Close 0.63 1.15 0.82 0.73 0.29 0.54 0.58 0.44 0.43 0.39 0.31 0.71 0.57 0.54 4.82% <-IRR #YR-> 10 5 yr Running Average
*Revenue in M CDN $ P/S Med 10 yr 0.51 5 yr 0.46 13.61% Diff M/C 3.22% <-IRR #YR-> 5 5 yr Running Average
-$80.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $99.1
-$65.6 $0.0 $0.0 $0.0 $0.0 $99.1
-$50.7 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $89.0
-$74.5 $0.0 $0.0 $0.0 $0.0 $89.0
-$11.96 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $14.76
-$9.92 $0.00 $0.00 $0.00 $0.00 $14.76
-$8.25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $13.21
-$11.27 $0.00 $0.00 $0.00 $0.00 $13.21
$0.66 <-12 mths -13.16%
EPS Basic $0.32 $0.92 $0.79 $0.60 $0.11 $0.56 $0.28 $0.48 $0.02 $1.02 $0.14 $0.76 -17.39% <-Total Growth 10 EPS Basic
EPS Diluted* $0.32 $0.92 $0.79 $0.60 $0.11 $0.56 $0.28 $0.47 $0.02 $1.02 $0.14 $0.76 $0.68 $0.93 -17.39% <-Total Growth 10 EPS Diluted
Increase -17.95% 187.50% -14.13% -24.05% -81.67% 409.09% -50.00% 67.86% -95.74% 5000.00% -86.27% 442.86% -10.53% 36.76% -1.89% <-IRR #YR-> 10 Earnings per Share
Earnings Yield 6.5% 6.7% 8.3% 6.5% 3.1% 10.3% 4.9% 8.2% 0.4% 21.0% 3.3% 7.2% 7.8% 10.7% 22.10% <-IRR #YR-> 5 Earnings per Share
5 year Running Average $0.45 $0.55 $0.58 $0.60 $0.55 $0.60 $0.47 $0.40 $0.29 $0.47 $0.39 $0.48 $0.52 $0.71 -1.35% <-IRR #YR-> 10 5 yr Running Average
10 year Running Average $0.45 $0.53 $0.57 $0.57 $0.53 $0.52 $0.51 $0.49 $0.45 $0.51 $0.49 $0.48 $0.46 $0.50 0.59% <-IRR #YR-> 5 5 yr Running Average
* Diluted ESP per share E/P 10 Yrs 6.88% 5Yrs 7.24%
-$0.92 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.76
-$0.28 $0.00 $0.00 $0.00 $0.00 $0.76
-$0.55 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.48
-$0.47 $0.00 $0.00 $0.00 $0.00 $0.48
Special Dividends $0.07 $0.07 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends
Dividend* $0.15 $0.24 $0.24 $0.24 $0.24 $0.24 $0.24 $0.24 $0.24 $0.24 $0.24 $0.24 $0.27 $0.28 $0.28 0.00% <-Total Growth 10 Dividends
Increase 0.00% 60.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 12.50% 3.70% 0.00% Count 19 Years of data
Dividends 5 Yr Running $0.58 $0.37 $0.24 $0.25 $0.25 $0.25 $0.24 $0.24 $0.24 $0.44 $0.44 $0.44 $0.45 $0.45 $0.26 17.65% <-Total Growth 10 Dividends 5 Yr Running
Yield H/L Price 2.68% 2.56% 2.29% 2.70% 3.89% 4.72% 3.98% 4.08% 3.91% 4.17% 5.10% 3.29% 2.95% 3.94% <-Median-> 10 Yield H/L Price
Yield on High Price 2.38% 1.73% 1.79% 2.29% 2.51% 3.44% 3.56% 3.45% 3.39% 3.48% 4.11% 2.29% 2.57% 3.42% <-Median-> 10 Yield on High Price
Yield on Low Price 3.06% 4.89% 3.17% 3.31% 8.63% 7.55% 4.51% 4.99% 4.62% 5.22% 6.70% 5.84% 3.47% 5.10% <-Median-> 10 Yield on Low Price
Yield on Close Price 3.06% 1.75% 2.53% 2.61% 6.82% 4.40% 4.17% 4.18% 4.57% 4.95% 5.73% 2.29% 3.10% 3.21% 3.21% 4.29% <-Median-> 10 Yield on Close Price
Payout Ratio EPS 68.75% 33.70% 30.38% 40.00% 218.18% 42.86% 85.71% 51.06% 1200.00% 121.57% 171.43% 31.58% 39.71% 30.11% #DIV/0! 68.39% <-Median-> 10 DPR EPS
DPR EPS 5 Yr Running 129.33% 67.75% 41.44% 40.73% 45.62% 42.62% 51.28% 59.41% 83.33% 93.62% 113.99% 91.29% 85.11% 64.31% #DIV/0! 55.34% <-Median-> 10 DPR EPS 5 Yr Running
Payout Ratio CFPS 65.92% 19.56% 53.33% 16.67% 154.65% 14.15% 54.58% 24.69% 179.98% 384.43% 30.26% 12.32% 14.59% 13.27% #DIV/0! 41.79% <-Median-> 10 DPR CF
DPR CF 5 Yr Running 47.39% 49.52% 34.51% 27.99% 31.54% 23.85% 28.71% 25.52% 35.33% 61.74% 82.68% 52.77% 44.18% 32.32% #DIV/0! 33.02% <-Median-> 10 DPR CF 5 Yr Running
Payout Ratio CFPS WC 38.73% 25.56% 20.34% 23.11% 39.75% 19.39% 29.65% 31.49% 63.86% 204.22% 25.59% 13.86% 14.59% 13.27% #DIV/0! 27.62% <-Median-> 10 DPR CF WC
DPR CF WC 5 Yr Running 38.82% 44.63% 26.86% 25.70% 27.16% 24.09% 24.64% 26.96% 31.67% 58.01% 63.00% 49.83% 40.52% 31.37% #DIV/0! 27.06% <-Median-> 10 DPR CF WC 5 Yr Running
Median Values 5 Yr Med 5 Yr Cl 4.08% 4.57% 5 Yr Med Payout 121.57% 30.26% 31.49% 0.00% <-IRR #YR-> 10 Dividends
* Dividends per share 5 Yr Med and Cur. -21.33% -29.76% Last Div Inc ---> $0.06 $0.07 16.7% 0.00% <-IRR #YR-> 5 Dividends
3.13% <-IRR #YR-> 5 Dividends to date
-$0.24 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.24
-$0.24 $0.00 $0.00 $0.00 $0.00 $0.24
-$0.24 $0.00 $0.00 $0.00 $0.00 $0.28
Historical Dividends Historical High Div 7.55% Low Div 1.43% Ave Div 4.49% Med Div 2.90% Close Div 3.06% Historical Dividends
High/Ave/Median Values Curr diff Exp. -57.47% 124.55% Exp. -28.49% Cheap 10.72% Cheap 4.89% High/Ave/Median
Future Dividend Yield Div Yd 3.72% earning in 5 Years at IRR of 3.0% Div Inc. 15.93% Future Dividend Yield
Future Dividend Yield Div Yd 4.32% earning in 10 Years at IRR of 3.0% Div Inc. 34.39% Future Dividend Yield
Future Dividend Yield Div Yd 5.00% earning in 15 Years at IRR of 3.0% Div Inc. 55.80% Future Dividend Yield
Yield if held 5 yrs 3.00% 6.15% 7.27% 4.64% 4.47% 4.29% 2.56% 2.29% 2.70% 3.89% 4.72% 3.98% 4.59% 4.56% 4.87% 4.13% <-Median-> 10 Paid Median Price
Yield if held 10 yrs 5.83% 8.97% 7.50% 4.44% 4.14% 4.80% 6.15% 7.27% 4.64% 4.47% 4.29% 2.56% 2.57% 3.15% 4.54% 4.55% <-Median-> 10 Paid Median Price
Yield if held 15 yrs 9.32% 8.97% 7.50% 4.44% 4.14% 4.80% 6.15% 8.18% 5.41% 5.21% 6.15% <-Median-> 7 Paid Median Price
Yield if held 20 yrs 9.32% 8.97% 8.44% 5.19% 4.83% 9.15% <-Median-> 2 Paid Median Price
Cost covered if held 5 years 58.20% 47.95% 36.67% 23.77% 23.28% 22.68% 12.79% 11.44% 13.52% 35.69% 43.31% 36.45% 37.93% 37.00% 22.78% 23.52% <-Median-> 10 Paid Median Price
Cost covered if held 10 years 124.66% 131.59% 117.50% 72.22% 69.66% 83.60% 78.72% 73.03% 46.96% 64.25% 61.96% 36.25% 32.70% 39.10% 56.93% 70.94% <-Median-> 10 Paid Median Price
Cost covered if held 15 years 173.98% 176.45% 155.00% 94.44% 107.59% 127.60% 135.13% 140.61% 90.82% 88.64% 135.13% <-Median-> 7 Paid Median Price
Cost covered if held 20 years 259.42% 258.69% 224.69% 136.48% 130.17% 259.05% <-Median-> 2 Paid Median Price
Graham No. $5.80 $10.38 $10.07 $9.41 $3.99 $9.25 $6.56 $8.39 $1.70 $12.03 $4.47 $11.13 $10.72 $12.54 $0.00 7.24% <-Total Growth 10 Graham Number
Price/GP Ratio Med 0.97 0.90 1.04 0.94 1.54 0.55 0.92 0.70 3.60 0.48 1.05 0.66 0.85 0.93 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 1.09 1.33 1.33 1.12 2.39 0.75 1.03 0.83 4.15 0.57 1.31 0.94 0.98 1.07 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 0.84 0.47 0.75 0.77 0.70 0.34 0.81 0.57 3.06 0.38 0.80 0.37 0.73 0.72 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 0.84 1.32 0.94 0.98 0.88 0.59 0.88 0.68 3.08 0.40 0.94 0.94 0.81 0.70 #DIV/0! 0.91 <-Median-> 10 Price/GP Ratio
Prem/Disc Close -15.51% 31.98% -5.63% -2.39% -11.88% -41.07% -12.35% -31.59% 208.49% -59.67% -6.29% -5.68% -18.66% -30.44% #DIV/0! -9.08% <-Median-> 10 Graham Price
Price Close $4.90 $13.70 $9.50 $9.19 $3.52 $5.45 $5.75 $5.74 $5.25 $4.85 $4.19 $10.50 $8.72 $8.72 $8.72 -23.36% <-Total Growth 10 Stock Price
Increase -2.97% 179.59% -30.66% -3.26% -61.70% 54.83% 5.50% -0.17% -8.54% -7.62% -13.61% 150.60% -16.95% 0.00% 0.00% -2.63% <-IRR #YR-> 10 Stock Price
P/E 15.31 14.89 12.03 15.32 32.00 9.73 20.54 12.21 262.50 4.75 29.93 13.82 12.82 9.38 #DIV/0! 12.80% <-IRR #YR-> 5 Stock Price
Trailing P/E 12.56 42.81 10.33 11.63 5.87 49.55 10.27 20.50 11.17 242.50 4.11 75.00 11.47 12.82 9.38 0.16% <-IRR #YR-> 10 Price & Dividend
Median 10, 5 Yrs D. per yr 2.78% 6.10% % Tot Ret 1742.57% 32.26% Price Inc -7.62% P/E: 14.57 13.82 18.90% <-IRR #YR-> 5 Price & Dividend
-$13.70 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.50
-$5.75 $0.00 $0.00 $0.00 $0.00 $10.50
-$13.70 $0.24 $0.24 $0.24 $0.24 $0.24 $0.24 $0.24 $1.24 $0.24 $10.74
-$5.75 $0.24 $0.24 $1.24 $0.24 $10.74
Price H/L Median $5.60 $9.38 $10.49 $8.88 $6.17 $5.08 $6.04 $5.88 $6.14 $5.75 $4.71 $7.31 $9.15 -22.12% <-Total Growth 10 Stock Price
Increase 4.28% 67.50% 11.83% -15.40% -30.54% -17.60% 18.80% -2.57% 4.34% -6.28% -18.09% 55.10% 25.19% -2.47% <-IRR #YR-> 10 Stock Price
P/E 17.50 10.20 13.28 14.79 56.05 9.07 21.55 12.51 306.75 5.64 33.64 9.61 13.45 3.89% <-IRR #YR-> 5 Stock Price
Trailing P/E 14.36 29.31 11.40 11.23 10.28 46.18 10.78 21.00 13.05 287.50 4.62 52.18 12.03 1.52% <-IRR #YR-> 10 Price & Dividend
P/E on Run. 5 yr Ave 12.44 16.99 17.96 14.69 11.25 8.52 12.90 14.55 21.30 12.23 12.20 15.16 17.45 10.66% <-IRR #YR-> 5 Price & Dividend
P/E on Run. 10 yr Ave 12.42 17.73 18.47 15.52 11.70 9.71 11.83 11.90 13.76 11.30 9.59 15.38 19.71 10.36 P/E Ratio Historical Median
Median 10, 5 Yrs D. per yr 3.99% 6.77% % Tot Ret 262.53% 63.47% Price Inc -2.57% P/E: 14.04 12.51 Count 22 Years of data
-$9.38 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $7.31
-$6.04 $0.00 $0.00 $0.00 $0.00 $7.31
-$9.38 $0.24 $0.24 $0.24 $0.24 $0.24 $0.24 $0.24 $1.24 $0.24 $7.55
-$6.04 $0.24 $0.24 $1.24 $0.24 $7.55
High Months Apr Dec Jan Jan Jan Oct May Mar Jul Mar Apr Dec Jan
Price High $6.30 $13.85 $13.40 $10.50 $9.55 $6.98 $6.75 $6.95 $7.07 $6.90 $5.84 $10.50 $10.50 -24.19% <-Total Growth 10 Stock Price
Increase 6.96% 119.84% -3.25% -21.64% -9.05% -26.91% -3.30% 2.96% 1.73% -2.40% -15.36% 79.79% 0.00% -2.73% <-IRR #YR-> 10 Stock Price
P/E 19.69 15.05 16.96 17.50 86.82 12.46 24.11 14.79 353.50 6.76 41.71 13.82 15.44 9.24% <-IRR #YR-> 5 Stock Price
Trailing P/E 16.15 43.28 14.57 13.29 15.92 63.45 12.05 24.82 15.04 345.00 5.73 75.00 13.82 14.79 P/E Ratio Historical Median
Median 10, 5 Yrs Price Inc 1.73% P/E: 17.23 14.79 23.32 P/E Ratio Historical High
-$13.85 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.50
-$6.75 $0.00 $0.00 $0.00 $0.00 $10.50
Low Months Oct Jan Nov Dec Nov Apr Aug Oct Dec Jun Oct Jan Apr
Price Low $4.90 $4.91 $7.58 $7.25 $2.78 $3.18 $5.32 $4.81 $5.20 $4.60 $3.58 $4.11 $7.79 -16.29% <-Total Growth 10 Stock Price
Increase 1.03% 0.20% 54.38% -4.35% -61.66% 14.39% 67.30% -9.59% 8.11% -11.54% -22.17% 14.80% 89.54% -1.76% <-IRR #YR-> 10 Stock Price
P/E 15.31 5.34 9.59 12.08 25.27 5.68 19.00 10.23 260.00 4.51 25.57 5.41 11.46 -5.03% <-IRR #YR-> 5 Stock Price
Trailing P/E 12.56 15.34 8.24 9.18 4.63 28.91 9.50 17.18 11.06 230.00 3.51 29.36 10.25 8.20 P/E Ratio Historical Median
Median 10, 5 Yrs Price Inc -9.59% P/E: 11.16 10.23 5.37 P/E Ratio Historical Low
-$4.91 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.11
Long Term Debt $14.10 $14.09 $13.94 Debt
Ratio to Market Cap 0.50 0.20 0.24 0.35 <-Median-> 2 % of Market C.
Goodwill & Intangibles $3.2 $3.4 $3.3 $3.4 $3.9 $3.8 Intangibles Goodwill
Ratio to Market Cap 0.08 0.10 0.10 0.12 0.06 0.06 0.10 <-Median-> 5 % of Market C.
Market Cap $32.8 $92.1 $63.8 $60.5 $23.1 $35.8 $38.0 $38.8 $35.5 $32.6 $28.1 $70.5 $58.6 $58.6 $58.6 -23.43% <-Total Growth 10 Market Cap
Diluted 5.92 6.34 6.34 6.47 6.59 6.571 6.599 6.772 6.764 6.709 6.719 6.716 6.716 5.91% <-Total Growth 10 Diluted
Change 4.52% 7.19% -0.01% 2.03% 1.86% -0.27% 0.42% 2.62% -0.11% -0.81% 0.15% -0.05% 0.00% 0.07% <-Median-> 10 Change
Average # of Sh in M 5.91 6.30 6.31 6.45 6.58 6.57 6.60 6.605 6.598 6.709 6.709 6.716 6.716 6.60% <-Total Growth 10 Average
Change 4.38% 6.64% 0.22% 2.11% 2.05% -0.14% 0.46% 0.08% -0.12% 1.70% 0.00% 0.10% 0.00% 0.16% <-Median-> 10 Change
Difference 13.4% 6.7% 6.3% 2.1% -0.1% 0.0% 0.2% 2.4% 2.5% 0.2% 0.1% 0.0% 0.0% 0.21% <-Median-> 10 Difference
$7.11 <-12 mths -38.87%
# of Share in Millions 6.700 6.722 6.713 6.580 6.573 6.569 6.613 6.764 6.764 6.724 6.716 6.716 6.716 6.716 6.716 -0.01% <-IRR #YR-> 10 Shares
Change 17.78% 0.33% -0.14% -1.97% -0.12% -0.06% 0.67% 2.29% 0.00% -0.59% -0.12% 0.00% 0.00% 0.00% 0.00% 0.31% <-IRR #YR-> 5 Shares
CF fr Op $M $2.236 $10.652 $3.021 $9.473 $1.020 $11.138 $2.908 $6.576 $0.902 $2.169 $5.327 $13.082 $12.42 $14.17 22.81% <-Total Growth 10 Cash Flow
Increase -32.89% 376.39% -71.64% 213.57% -89.23% 991.96% -73.89% 126.13% -86.28% 140.47% 145.60% 145.58% -5.03% 14.05% S Issue, SO Buy Backs
5 year Running Average $7.00 $4.67 $4.46 $5.74 $5.28 $7.06 $5.51 $6.22 $4.51 $4.74 $3.58 $5.61 $6.78 $9.43 20.22% <-Total Growth 10 CF 5 Yr Running
CFPS $0.33 $1.58 $0.45 $1.44 $0.16 $1.70 $0.44 $0.97 $0.13 $0.32 $0.79 $1.95 $1.85 2.11 22.92% <-Total Growth 10 Cash Flow per Share
Increase -43.02% 374.81% -71.60% 219.89% -89.22% 992.59% -74.07% 121.07% -86.28% 141.89% 145.90% 145.58% -5.03% 14.05% 2.08% <-IRR #YR-> 10 Cash Flow
5 year Running Average $1.23 $0.76 $0.70 $0.88 $0.79 $1.07 $0.84 $0.94 $0.68 $0.71 $0.53 $0.83 $1.01 $1.40 35.09% <-IRR #YR-> 5 Cash Flow
P/CF on Med Price 16.78 5.92 23.31 6.16 39.73 3.00 13.72 6.05 46.01 17.83 5.94 3.75 4.94 2.09% <-IRR #YR-> 10 Cash Flow per Share
P/CF on Closing Price 14.68 8.65 21.11 6.38 22.68 3.21 13.08 5.90 39.37 15.04 5.28 5.39 4.71 34.67% <-IRR #YR-> 5 Cash Flow per Share
-52.60% Diff M/C 0.99% <-IRR #YR-> 10 CFPS 5 yr Running
Excl.Working Capital CF $1.57 -$2.50 $4.90 -$2.64 $2.95 -$3.01 $2.44 -$1.42 $1.64 $1.91 $0.97 -$1.45 $0.00 $0.00 -0.05% <-IRR #YR-> 5 CFPS 5 yr Running
CF fr Op $M WC $3.8 $8.2 $7.9 $6.8 $4.0 $8.1 $5.4 $5.2 $2.5 $4.1 $6.3 $11.6 $12.4 $14.2 42.70% <-Total Growth 10 Cash Flow less WC
Increase -14.89% 114.19% -2.83% -13.74% -42% 105% -34.18% -3.66% -50.70% 60.62% 54.25% 84.71% 6.80% 14.05% 3.62% <-IRR #YR-> 10 Cash Flow less WC
5 year Running Average $8.58 $5.10 $5.71 $6.24 $6.14 $7.00 $6.44 $5.89 $5.03 $5.05 $4.69 $5.94 $7.40 $9.72 16.80% <-IRR #YR-> 5 Cash Flow less WC
CFPS Excl. WC $0.57 $1.21 $1.18 $1.04 $0.60 $1.24 $0.81 $0.76 $0.38 $0.61 $0.94 $1.73 $1.85 $2.11 1.54% <-IRR #YR-> 10 CF less WC 5 Yr Run
Increase -27.74% 113.48% -2.70% -12.00% -42% 105% -35% -6% -51% 62% 54% 85% 7% 14% -1.60% <-IRR #YR-> 5 CF less WC 5 Yr Run
5 year Running Average $1.50 $0.84 $0.90 $0.96 $0.92 $1.05 $0.97 $0.89 $0.76 $0.76 $0.70 $0.88 $1.10 $1.45 3.63% <-IRR #YR-> 10 CFPS - Less WC
P/CF on Med Price 9.86 7.73 8.89 8.55 10.21 4.10 7.46 7.71 16.33 9.47 5.02 4.22 4.94 16.44% <-IRR #YR-> 5 CFPS - Less WC
P/CF on Closing Price 8.63 11.30 8.05 8.85 5.83 4.40 7.10 7.53 13.97 7.99 4.47 6.06 4.71 4.13 0.52% <-IRR #YR-> 10 CFPS 5 yr Running
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 9.94 5 yr 6.05 P/CF Med 10 yr 8.13 5 yr 7.71 -42.03% Diff M/C -1.94% <-IRR #YR-> 5 CFPS 5 yr Running
-$1.58 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.95 Cash Flow per Share
-$0.44 $0.00 $0.00 $0.00 $0.00 $1.95 Cash Flow per Share
-$0.76 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.83 CFPS 5 yr Running
-$0.84 $0.00 $0.00 $0.00 $0.00 $0.83 CFPS 5 yr Running
-$8.2 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $11.6 Cash Flow less WC
-$5.4 $0.0 $0.0 $0.0 $0.0 $11.6 Cash Flow less WC
-$5.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $5.9 CF less WC 5 Yr Run
-$6.4 $0.0 $0.0 $0.0 $0.0 $5.9 CF less WC 5 Yr Run
-$1.21 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.73 CFPS - Less WC
-$0.81 $0.00 $0.00 $0.00 $0.00 $1.73 CFPS - Less WC
-$0.84 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.88 CFPS 5 yr Running
-$0.97 $0.00 $0.00 $0.00 $0.00 $0.88 CFPS 5 yr Running
OPM Ratio 4.29% 13.25% 3.86% 11.42% 1.28% 16.89% 4.43% 7.38% 1.10% 2.57% 5.93% 13.20% -0.38% <-Total Growth 10 OPM
Increase -46.61% 208.54% -70.84% 195.80% -88.81% 1222% -73.75% 66.32% -85.10% 133.44% 130.97% 122.71% Should increase or be stable.
Diff from Ave -17.1% 155.7% -25.4% 120.6% -75.3% 226.2% -14.4% 42.4% -78.8% -50.5% 14.4% 154.8% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 5.18% 5 Yrs 5.93% should be zero, it is a check on calculations
Current Assets $20.69 $28.05 $23.91 $25.10 $21.77 $24.61 $24.68 $24.17 $21.82 $26.72 $27.55 $34.82 $37.20 Liquidity ratio of 1.5 and up, best
Current Liabilities $10.69 $14.54 $10.86 $13.01 $9.83 $9.44 $8.62 $12.20 $14.71 $10.08 $10.60 $14.19 $13.70 2.33 <-Median-> 10 Ratio
Liquidity 1.94 1.93 2.20 1.93 2.22 2.61 2.86 1.98 1.48 2.65 2.60 2.45 2.71 2.45 <-Median-> 5 Ratio
Liq. with CF aft div 2.01 2.52 2.33 2.54 2.16 3.62 3.02 2.39 1.43 2.04 2.95 3.26 3.49 2.39 <-Median-> 5 Ratio
Liq. CF re Inv+Div 1.60 2.11 1.54 1.87 1.03 3.06 2.51 1.87 1.02 2.04 2.49 2.66 3.49 2.04 <-Median-> 5 Ratio
Assets $44.45 $54.04 $53.14 $58.27 $61.67 $63.25 $62.86 $67.53 $62.87 $68.90 $69.25 $78.84 $79.99 Debt Ratio of 1.5 and up, best
Liabilities $13.15 $19.05 $14.86 $15.07 $19.29 $18.67 $17.68 $22.50 $19.33 $26.52 $26.63 $30.18 $29.54 3.22 <-Median-> 10 Ratio
Debt Ratio 3.38 2.84 3.58 3.87 3.20 3.39 3.55 3.00 3.25 2.60 2.60 2.61 2.71 2.61 <-Median-> 5 Ratio
Book Value $31.30 $34.99 $38.27 $43.20 $42.38 $44.59 $45.18 $45.03 $43.54 $42.38 $42.62 $48.67 $50.44 $50.44 $50.44 39.09% <-Total Growth 10 Book Value
BV per share $4.67 $5.21 $5.70 $6.57 $6.45 $6.79 $6.83 $6.66 $6.44 $6.30 $6.35 $7.25 $7.51 $7.51 $7.51 39.22% <-Total Growth 10 Book Value per Share
Change -3.30% 11.43% 9.54% 15.15% -1.80% 5.28% 0.65% -2.55% -3.32% -2.09% 0.70% 14.19% 3.65% 0.00% 0.00% 24.46% P/B Ratio Current/10 Year Median
P/B Ratio (Median) 1.20 1.80 1.84 1.35 0.96 0.75 0.88 0.88 0.95 0.91 0.74 1.01 1.22 0.98 P/B Ratio Historical Median
P/B Ratio (Close) 1.05 2.63 1.67 1.40 0.55 0.80 0.84 0.86 0.82 0.77 0.66 1.45 1.16 1.16 1.16 3.36% <-IRR #YR-> 10 Book Value
Change 0.34% 150.91% -36.69% -15.99% -60.99% 47.06% 4.83% 2.44% -5.39% -5.65% -14.21% 119.46% -19.87% 0.00% 0.00% 1.19% <-IRR #YR-> 5 Book Value
Leverage (A/BK) 1.42 1.54 1.39 1.35 1.46 1.42 1.39 1.50 1.44 1.63 1.62 1.62 1.59 0.00 0.00 1.45 <-Median-> 10 A/BV
Debt/Equity Ratio 0.42 0.54 0.39 0.35 0.46 0.42 0.39 0.50 0.44 0.63 0.62 0.62 0.59 0.00 0.00 0.45 <-Median-> 10 Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 0.93 5 yr Med 0.91 24.46% Diff M/C 1.41 Historical Leverage (A/BK)
-$5.21 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $7.25
-$6.83 $0.00 $0.00 $0.00 $0.00 $7.25
$4.43 <-12 mths -42.15%
Comprehensive Income $4.98 $3.90 $0.70 $3.69 $1.87 $3.21 $0.13 $6.79 $1.90 $7.66 53.89% <-Total Growth 9 Comprehensive Income
Increase -21.58% -82.07% 427.14% -49.21% 71.34% -96.01% 5203.91% -72.09% 304.17% 71.3% <-Median-> 5 Comprehensive Income
5 Yr Running Average $3.03 $2.68 $1.92 $3.14 $2.78 $3.94 4.91% <-IRR #YR-> 9 Comprehensive Income 53.89%
ROE 13.0% 9.0% 1.7% 8.3% 4.1% 7.1% 0.3% 16.0% 4.4% 15.7% 32.52% <-IRR #YR-> 5 Comprehensive Income 308.70%
5Yr Median 8.3% 7.1% 4.1% 7.1% 4.4% 7.1% 5.38% <-IRR #YR-> 5 5 Yr Running Average 29.97%
% Difference from NI 0.0% 0.0% 0.0% 0.0% 0.0% -0.3% 3.2% -0.6% 106.7% 50.5% 5.38% <-IRR #YR-> 5 5 Yr Running Average 29.97%
Median Values Diff 5, 10 yr 0.0% 3.2% 7.1% <-Median-> 5 Return on Equity
-$5.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $7.7
-$1.9 $0.0 $0.0 $0.0 $0.0 $7.7
-$3.0 $0.0 $0.0 $0.0 $0.0 $3.9
-$3.0 $0.0 $0.0 $0.0 $0.0 $3.9
Current Liability Coverage Ratio 0.36 0.56 0.73 0.53 0.40 0.86 0.62 0.42 0.17 0.40 0.59 0.82 CFO / Current Liabilities
5 year Median 1.11 0.99 0.73 0.56 0.53 0.56 0.62 0.53 0.42 0.42 0.42 0.42 0.42 <-Median-> 5 Current Liability Cov Ratio
Asset Efficiency Ratio 8.56% 15.09% 14.91% 11.73% 6.43% 12.85% 8.51% 7.64% 4.04% 5.93% 9.09% 14.75% CFO / Total Assets
5 year Median 14.13% 14.13% 14.13% 14.13% 11.73% 12.85% 11.73% 8.51% 7.64% 7.64% 7.64% 7.64% 7.6% <-Median-> 5 Return on Assets
Return on Assets ROA 0.1% 0.3% 0.2% 0.2% 0.0% 0.1% 0.1% 0.1% 0.0% 0.2% 0.0% 0.1% Net Income/Assets Return on Assets
5Yr Median 0.3% 0.3% 0.2% 0.2% 0.2% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% <-Median-> 5 Asset Efficiency Ratio
Return on Equity ROE 6.1% 16.6% 13.0% 9.0% 1.7% 8.3% 4.1% 7.2% 0.3% 16.1% 2.2% 10.5% Net Inc/ Shareholders' equity Return on Equity
5Yr Median 10.7% 10.7% 10.7% 9.0% 9.0% 9.0% 8.3% 7.2% 4.1% 7.2% 4.1% 7.2% 7.2% <-Median-> 5 Return on Equity
$4.38 <-12 mths -13.93%
Net Income $1.92 $5.83 $4.98 $3.90 $0.70 $3.69 $1.87 $3.22 $0.12 $6.83 $0.92 $5.09 -12.65% <-Total Growth 10 Net Income
Increase -12.57% 203.54% -14.56% -21.58% -82.07% 427.14% -49.21% 71.82% -96.15% 5409.68% -86.58% 454.85% EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $3.9 $3.3 $3.5 $3.8 $3.5 $3.8 $3.0 $2.7 $1.9 $3.1 $2.6 $3.2 -1.34% <-IRR #YR-> 10 Net Income
Operating Cash Flow $2.24 $10.65 $3.02 $9.47 $1.02 $11.14 $2.91 $6.58 $0.90 $2.17 $5.33 $13.08 22.11% <-IRR #YR-> 5 Net Income
Investment Cash Flow -$2.73 -$2.81 -$5.60 -$4.59 -$10.84 -$1.74 -$1.74 -$3.35 -$6.06 $8.99 -$1.94 -$3.21 -0.06% <-IRR #YR-> 10 5 Yr Running Average
Total Accruals $2.42 -$2.02 $7.55 -$0.98 $10.52 -$5.70 $0.71 $0.00 $5.28 -$4.33 -$2.47 -$4.79 1.33% <-IRR #YR-> 5 5 Yr Running Average
Total Assets $44.45 $54.04 $53.14 $58.27 $61.67 $63.25 $62.86 $67.53 $62.87 $68.90 $69.25 $78.84 Balance Sheet Assets
Accruals Ratio 5.44% -3.73% 14.21% -1.68% 17.06% -9.02% 1.13% -0.01% 8.40% -6.28% -3.57% -6.07% -3.57% <-Median-> 5 Ratio
EPS/CF Ratio 0.56 0.76 0.67 0.58 0.18 0.45 0.35 0.62 0.05 1.68 0.15 0.44 0.45 <-Median-> 10 EPS/CF Ratio
-$5.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $5.1
-$1.9 $0.0 $0.0 $0.0 $0.0 $5.1
-$3.3 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $3.2
-$3.0 $0.0 $0.0 $0.0 $0.0 $3.2
Chge in Close -2.97% 179.59% -30.66% -3.26% -61.70% 54.83% 5.50% -0.17% -8.54% -7.62% -13.61% 150.60% -16.95% 0.00% 0.00% Count 21 Years of data
up/down/neutral down down down up down up up Count 7 33.33%
Any Predictions? Yes Yes Yes % right Count 3 42.86%
Financial Cash Flow -$0.85 -$1.34 -$2.30 -$2.32 $4.72 -$2.33 -$2.33 -$3.30 -$2.61 -$4.04 -$3.40 -$3.40 C F Statement Financial Cash Flow
Total Accruals $3.27 -$0.67 $9.85 $1.34 $5.81 -$3.38 $3.04 $3.29 $7.89 -$0.29 $0.93 -$1.39 Accruals
Accruals Ratio 7.35% -1.25% 18.53% 2.30% 9.41% -5.34% 4.83% 4.87% 12.55% -0.42% 1.35% -1.76% 1.35% <-Median-> 5 Ratio
Cash $8.91 $3.86 $10.90 $9.70 $9.50 $1.70 $8.94 $8.93 $8.93 $13.97 Cash
Cash per Share $1.35 $0.59 $1.66 $1.47 $1.41 $0.25 $1.33 $1.33 $1.33 $2.08 $1.33 <-Median-> 5 Cash per Share
Percentage of Stock Price 14.73% 16.70% 30.44% 25.51% 24.48% 4.78% 27.41% 31.74% 12.67% 23.85% 24.48% <-Median-> 5 % of Stock Price
Notes:
November 21, 2016. There were no estimates for 2015 etc.
November 28, 2015. There were no estimates for 2014 etc.
November 26, 2014. There were no estimates with the last update.
Large EPS for 2013 was because of a capital gain on property sold. Otherise EPS would have been $.13 and net income would be $844,000.
November 01, 2013. There were no estimates with last update of this spreadsheet.
Nov 20, 2011. There were no estimates with last update of this spreadsheet.
Oct 31, 2009. In Aug and Sep this year, one director did a lot of selling.
This is a stock on Investment Reporters list of stocks. They considered it Specultive quality.
Earliest data I see on this stock is June 1987.
Sector:
Manufacturing: Industrials
What should this stock accomplish?
Since this is an industrial stock, expect volatility in the short term, but expect to earn both capital gains and raising dividend income in the longer term.
Would I buy this company and Why.
I would consider this stock if I was looking for a small industrial dividend paying stock.
Dividends
What cycle 2, of February, May, August, November. Declared mid month for the end of that month.
Why am I following this stock.
I am following this stock as I read a positive article on this stock in November 2009 and thought I would do a spreadsheet on it. This stock is a dividend paying small cap stock.
The article said that this stock would be good for long-term gains and rising dividends. This is the thing with small cap stock; you can get a blend of capital gains and rising dividends in the long term only if the company is successful.
How they make their money.
PFB Corporation, through its wholly-owned subsidiaries, is a vertically-integrated manufacturer of proprietary insulating building products that are based on expanded polystyrene (EPS) technology.
This expanded polystyrene (EPS) rigid insulation is used in a wide variety of residential and commercial construction projects across North America.
It was founded in 1968 as Plasti-Fab Ltd, now a subsidiary of PFB. Directors and officers own 57% of the issued and outstanding common shares as of December 31, 2008.
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 11 2012 Nov 1 2013 Nov 26 2014 Nov 28 2015 Nov 281 2016
Smith, C. Alan 2.901 42.89% 2.901 43.14% 2.901 43.20% 2.947 43.88% 2.947 43.88%
Chair & CEO - Shares - Amount $15.231 $14.071 $12.156 $30.945 $25.699
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
Papuga, Mirko 0.000 0.00% cannot find
CFO - Shares - Amount $0.000
Options - percentage 0.000 0.00%
Options - amount $0.000
Hardy, Stephen Paul 0.011 0.16% 0.036 0.53% 0.011 0.16%
CFO - Shares - Amount $0.052 $0.150 $0.112
Options - percentage 0.025 0.37% 0.000 0.00% 0.025 0.37%
Options - amount $0.121 $0.000 $0.263
Smith, William Hartman 0.043 0.63% last files 2012
Director/Corp Sec- Shares - Amount $0.371
Options - percentage 0.000 0.00%
Options - amount $0.000
Carruthers, Bruce Malcolm 0.052 0.77% 0.052 0.77% 0.052 0.77% 0.052 0.77% Director in 2016
Director/COO - Shares - Amount $0.250 $0.216 $0.541 $0.449
Options - percentage 0.025 0.37% 0.025 0.37% 0.025 0.37% 0.025 0.37%
Options - amount $0.121 $0.105 $0.263 $0.218
Baker, Frank Bernard 0.575 8.50% 0.575 8.55% 0.575 8.56% 0.575 8.56% 0.503 7.49% Had neg -72100 com Shares
Director - Shares - Amount $3.019 $2.789 $2.409 $6.038 $4.385
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
Baker Investments LLC 0.675 9.98%
10% holder $3.544
Kernaghan, Edward James 0.971 14.35% 1.050 15.64%
10% holder $5.098 $4.401
Increase in O/S Shares 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% Yes 0m 2016 too
due to SO $0.000 $0.000 $0.000 $0.000
Book Value $0.000 $0.000 $0.000 $0.000
Insider Buying $0.000 $0.000
Insider Selling $0.000 $0.628
Net Insider Selling $0.000 $0.000 $0.628 Yes 0
% of Market Cap 0.00% 0.00% 1.07%
Directors 7 7 9 9
Women 0 0% 0 0% 1 11% 1 11%
Minorities 0 0% 0 0% 0 0% 0 0%
Institutions/Holdings 0 6.17% 1 5.26% 1 6.02% 2 3.12% 1 2.56%
Total Shares Held 0.417 6.17% 0.355 5.28% 0.404 6.02% 0.210 3.12% 0.172 2.56%
Increase/Decrease -0.010 -2.34% -0.074 -17.24% 0.000 0.00% 0.005 2.34% 0.000 0.00%
Starting No. of Shares 0.427 0.429 0.404 0.205 Reuters 0.172 Reuters
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