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Bullboard - Stock Discussion Forum Park Lawn Corp T.PLC.DB


Primary Symbol: T.PLC Alternate Symbol(s):  PRRWF

Consumer Cyclical Personal Services
Park Lawn Corporation is engaged in providing goods and services associated with the disposition and memorialization of human remains. The Company and its subsidiaries own and operate businesses, including cemeteries, crematoria, funeral homes, chapels, planning offices and a transfer service. Its primary products and services are cemetery lots, crypts, niches, monuments, caskets, urns and... see more

TSX:PLC - Post Discussion

Park Lawn Corp > CIBC
View:
Post by retiredcf on Oct 13, 2022 8:31am

CIBC

EQUITY RESEARCH
October 12, 2022 Flash Research
PARK LAWN CORP.

Building Out Metro Kansas City Presence

PLC announced the on-strategy acquisition of three stand-alone funeral
homes located in metro Kansas City, a market in which PLC has a significant presence. The deal is on-strategy (building out an existing cluster) but immaterial, adding US$0.6MM of annualized adjusted EBITDA (our 2023E is US$93MM). We estimate total deal value at US$4-5MM, to be funded from PLC’s credit facilities and cash on hand. Properties are: 1) Muehlebach Funeral Care in Kansas City, Missouri; 2) Skradski-Pierce Funeral Home in Kansas City, Kansas; and 3) Assurance Cremation Society in Kansas City, Missouri. The acquisition is expected to close in November 2022. We already include acquisitions in our forecast; our C$36.00 price target and Outperformer rating are unchanged.
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Park Lawn Corp