Yellow Pages Ltd T.Y

Alternate Symbol(s): YLWDF

Communication Services

Yellow Pages Limited is a Canadian digital media and marketing company. The Company offers targeted tools to local businesses, national brands and consumers, allowing them to interact and transact within the digital economy. It offers small and medium-sized enterprises (SMEs) across Canada full-serve access to a comprehensive suite of digital and traditional marketing solutions, such as online and mobile priority placement on its digital media properties, content syndication, search engine solutions, Website fulfillment, social media campaign management, digital display advertising, video production, e-commerce solutions, as well as print advertising. Its media properties, primarily desktop, mobile and print, continue to serve as effective marketplaces for Canadian local merchants, brands and consumers. The Company holds local online properties, including YP.ca, Canada411 and 411.ca. It also holds the YP, Canada411 and 411 mobile applications and Yellow Pages print directories.

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Yellow Pages Ltd > National Bk raises target

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Post by HermannHalleron Feb 16, 2023 8:09am

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Post# 35289287

National Bk raises target

Still rated Sector Perform, target now $15.50, which they say implies EV/EBITDA multiples of 2.2x 2023 and 1.8x 2024. I can't recall a target price for a company ever being based on such comically low multiples.

Most important in my view is the FCF per share, which is forecast to be $4.70 in 2023 and rise slightly in 2024. The stock is trading at a 32.8% FCF yield. Plus the $50 million in cash on hand, they could buy back every single share in less than 3 years.

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Understanding tax loss season and the “Santa Claus rally”