Premium Brands Holdings Corp T.PBH.DB.G

Primary Symbol: T.PBH Alternate Symbol(s): PRBZF | T.PBH.DB.H | T.PBH.DB.I

Consumer Defensive Packaged Foods

Premium Brands Holdings Corporation is a Canada-based company, which owns a range of specialty food manufacturing and differentiated food distribution businesses with operations across Canada and the United States. The Company operates through two segments: Specialty Foods and Premium Food Distribution. The Specialty Foods segment consists of its specialty food manufacturing businesses. The Premium Food Distribution segment consists of its differentiated distribution and wholesale businesses as well as certain seafood processing businesses. It provides servicing to approximately 22,000 customers. The logo and its family of brands and businesses includes Harvest Meats, Hempler's, Piller's, Grimm's Fine Foods, Freybe, Isernio's, Expresco and SJ Fine Foods. The Company operates in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia and in Arizona, Minnesota, Mississippi, Nevada, Ohio and Washington.

TSX:PBH - Post by User

Premium Brands Holdings Corp

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Post by retiredcfon Jan 16, 2022 10:57am

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Post# 34321573

Assessment

The next expected earnings report is March 11th. EPS is expected to be $1.17, EBITDA $112.8M and sales $1.25B based on analyst estimates. PBH did slightly beat on sales and EPS estimates but we believe weakness in shares was more related to supply chain and inflation concerns which affected growth rates. Weakness in airlines and cruise industries also impacted results and may continue to in the short-term. However, we think these are short-term issues. Overall, PBH continues to show good growth and has a strong track record of dividend growth. We prefer to look at forward P/E ratios as they have more meaning related to the future value of the company. At 23x forward earnings shares are trading within the historical average. This figure has come down significantly from highs of 31x in July while shares are trading near all-time highs. We would view this as a positive sign from a valuation standpoint.

Provided by 5iResearch. GLTA

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