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Supremex Inc T.SXP

Alternate Symbol(s):  SUMXF

Supremex Inc. is a Canada-based company, which manufactures and markets envelopes and provides paper-based packaging solutions designed to the specifications of national and multinational corporations, direct mailers, resellers, government entities, small-medium enterprises (SMEs) and solutions providers. The Company operates in two reporting segments: the manufacturing and sale of envelopes and the manufacturing and sale of paper-based packaging solutions and specialty products. It also manufactures and distributes a diverse range of packaging and specialty products, including folding carton packaging and e-Commerce fulfillment packaging solutions. Other packaging and specialty products include the Conformer Products, labels, record sleeves and jackets, polyethylene bags for courier applications, bubble mailers and Enviro-logiX. It operates over ten manufacturing facilities across four provinces in Canada and five manufacturing facilities in three states in the United States.


TSX:SXP - Post by User

Comment by HermannHalleron Feb 08, 2023 9:32am
147 Views
Post# 35274075

RE:RE:RE:RE:RE:$8

RE:RE:RE:RE:RE:$8Yes, I fully agree. SXP is small, and there is no dispute that envelopes are in structural decline, so this is never going to trade at a blue chip type multple. However, growth has been fantastic, and free cash flow generation is very strong, so being at only 6x right now is still a joke.

To be conservative, my target is a 10x PE, which would get the stock to around $12 this year.

bucheroncapital wrote: Blue chip CCL.b is trading at 18,5X so a player like SXP could trade between 13~15X sustained earnings, to my knowledge actual earnings are pretty sustainable so from here the stock could double and trade around $15 to $18 backed by real earnings.  At one point the buy backs could slow down and excess cash flow could go to a raising divided (we already got @ 20% increase recently).


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