TSX:HLF - Post Discussion
Post by
Torontojay on Jan 12, 2024 9:35am
Ben Graham would have liked High Liner
Ok so let's go over this for a second.
We have a P/E ratio under 15 - check
The dividends have not grown compared to 5 years ago but they will grow with the 15 cent quarterly payment going forward. The company paid out 14.5 cents per share per quarter in 2018 and dropped the dividend to 5 cents by May 30th 2019. It is now back up to 15 cents per share quarterly going forward.
Price to book under 1.5 - check
eps growth over the last 5 years greater than 3% - check
I prefer to use a smoothed out version when computing eps growth. For instance, I may look at a 3 year average eps and compare that figure with a 3 year average eps taken over a 5 year period. This avoids some of the volatility that you get from year to year. I think this is a better way to look at eps growth.
Current ratio > 2 - check
Additional points:
The company has been consistently profitable over the year although there is a lot of volatility in its earnings. This volatility can be advantageous to investors picking up shares on the cheap when the opportunity presents itself.
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