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Park Lawn

TSX:PLC
Snowflake Description

Excellent balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PLC
TSX
CA$477M
Market Cap
  1. Home
  2. CA
  3. Consumer Services
Company description

Park Lawn Corporation, together with its subsidiaries, provides deathcare products and services in North America. The last earnings update was 2 days ago. More info.


Add to Portfolio Compare Print
  • Park Lawn has significant price volatility in the past 3 months.
PLC Share Price and Events
7 Day Returns
-19.4%
TSX:PLC
1.4%
CA Consumer Services
4.5%
CA Market
1 Year Returns
-35.2%
TSX:PLC
-4.8%
CA Consumer Services
-24.5%
CA Market
PLC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Park Lawn (PLC) -19.4% -38.2% -44.2% -35.2% -6% 27.9%
CA Consumer Services 1.4% -5.1% -7.2% -4.8% 38.5% 83%
CA Market 4.5% -20.1% -24.9% -24.5% -22.2% -16.5%
1 Year Return vs Industry and Market
  • PLC underperformed the Consumer Services industry which returned -4.8% over the past year.
  • PLC underperformed the Market in Canada which returned -24.5% over the past year.
Price Volatility
PLC
Industry
5yr Volatility vs Market

PLC Value

 Is Park Lawn undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Park Lawn to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Park Lawn.

TSX:PLC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.1%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:PLC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 5.4%
Consumer Services Unlevered Beta Simply Wall St/ S&P Global 0.61
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.609 (1 + (1- 26.5%) (39.67%))
0.857
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.44% + (0.857 * 5.44%)
6.1%

Discounted Cash Flow Calculation for TSX:PLC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Park Lawn is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

TSX:PLC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 6.1%)
2020 31.20 Analyst x1 29.41
2021 41.90 Analyst x2 37.22
2022 53.50 Analyst x1 44.79
2023 62.00 Est @ 15.89% 48.92
2024 69.16 Est @ 11.55% 51.43
2025 75.06 Est @ 8.52% 52.60
2026 79.86 Est @ 6.4% 52.75
2027 83.78 Est @ 4.91% 52.15
2028 87.02 Est @ 3.87% 51.05
2029 89.75 Est @ 3.14% 49.63
Present value of next 10 years cash flows CA$469.00
TSX:PLC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$89.75 × (1 + 1.44%) ÷ (6.1% – 1.44%)
CA$1,952.01
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$1,952.01 ÷ (1 + 6.1%)10
CA$1,079.34
TSX:PLC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$469.00 + CA$1,079.34
CA$1,548.34
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$1,548.34 / 28.89
CA$53.59
TSX:PLC Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$53.59
Current discount Discount to share price of CA$16.50
= -1 x (CA$16.50 - CA$53.59) / CA$53.59
69.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Park Lawn is available for.
Intrinsic value
>50%
Share price is CA$16.5 vs Future cash flow value of CA$53.59
Current Discount Checks
For Park Lawn to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Park Lawn's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Park Lawn's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Park Lawn's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Park Lawn's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:PLC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$0.25
TSX:PLC Share Price ** TSX (2020-03-31) in CAD CA$16.5
North America Consumer Services Industry PE Ratio Median Figure of 32 Publicly-Listed Consumer Services Companies 25.1x
Canada Market PE Ratio Median Figure of 498 Publicly-Listed Companies 10.3x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Park Lawn.

TSX:PLC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:PLC Share Price ÷ EPS (both in CAD)

= 16.5 ÷ 0.25

66.99x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Park Lawn is overvalued based on earnings compared to the North America Consumer Services industry average.
  • Park Lawn is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does Park Lawn's expected growth come at a high price?
Raw Data
TSX:PLC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 66.99x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
Not available
North America Consumer Services Industry PEG Ratio Median Figure of 21 Publicly-Listed Consumer Services Companies 1.07x
Canada Market PEG Ratio Median Figure of 235 Publicly-Listed Companies 0.7x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Park Lawn, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Park Lawn's assets?
Raw Data
TSX:PLC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$17.20
TSX:PLC Share Price * TSX (2020-03-31) in CAD CA$16.5
Canada Consumer Services Industry PB Ratio Median Figure of 8 Publicly-Listed Consumer Services Companies 0.88x
Canada Market PB Ratio Median Figure of 2,349 Publicly-Listed Companies 0.99x
TSX:PLC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:PLC Share Price ÷ Book Value per Share (both in CAD)

= 16.5 ÷ 17.20

0.96x

* Primary Listing of Park Lawn.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Park Lawn is overvalued based on assets compared to the CA Consumer Services industry average.
X
Value checks
We assess Park Lawn's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Services industry average (and greater than 0)? (1 check)
  5. Park Lawn has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PLC Future Performance

 How is Park Lawn expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.7%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Park Lawn expected to grow at an attractive rate?
  • Unable to compare Park Lawn's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Park Lawn's earnings growth to the Canada market average as no estimate data is available.
  • Park Lawn's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:PLC Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:PLC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 10.7%
North America Consumer Services Industry Earnings Growth Rate Market Cap Weighted Average 41.6%
North America Consumer Services Industry Revenue Growth Rate Market Cap Weighted Average 18.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 7.4%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:PLC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:PLC Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 411 1
2023-12-31 399 1
2022-12-31 354 67 2
2021-12-31 331 65 7
2020-12-31 302 58 29 3
2020-04-01
TSX:PLC Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 244 49 7
2019-09-30 226 54 9
2019-06-30 203 44 10
2019-03-31 184 34 8
2018-12-31 161 31 7
2018-09-30 137 15 7
2018-06-30 116 12 3
2018-03-31 96 15 5
2017-12-31 87 8 4
2017-09-30 81 15 6
2017-06-30 76 6 7
2017-03-31 75 7 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Park Lawn is high growth as no earnings estimate data is available.
  • Park Lawn's revenue is expected to grow by 10.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:PLC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Park Lawn Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PLC Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31
2020-12-31 0.96 0.96 0.96 1.00
2020-04-01
TSX:PLC Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 0.25
2019-09-30 0.32
2019-06-30 0.41
2019-03-31 0.37
2018-12-31 0.33
2018-09-30 0.36
2018-06-30 0.20
2018-03-31 0.32
2017-12-31 0.32
2017-09-30 0.53
2017-06-30 0.72
2017-03-31 0.81

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Park Lawn is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Park Lawn's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the North America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the North America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Park Lawn has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PLC Past Performance

  How has Park Lawn performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Park Lawn's growth in the last year to its industry (Consumer Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Park Lawn has delivered over 20% year on year earnings growth in the past 5 years.
  • Park Lawn's 1-year earnings growth is less than its 5-year average (2.7% vs 22.3%)
  • Park Lawn's earnings growth has not exceeded the North America Consumer Services industry average in the past year (2.7% vs 17.6%).
Earnings and Revenue History
Park Lawn's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Park Lawn Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PLC Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 244.26 6.91 133.92
2019-09-30 225.93 8.58 119.77
2019-06-30 202.59 10.27 104.37
2019-03-31 184.37 8.37 93.46
2018-12-31 161.42 6.72 79.70
2018-09-30 136.73 6.77 65.79
2018-06-30 115.90 3.32 55.00
2018-03-31 95.69 4.57 44.01
2017-12-31 87.29 4.20 39.75
2017-09-30 81.18 6.26 36.27
2017-06-30 76.10 7.18 33.90
2017-03-31 74.77 7.40 33.07
2016-12-31 67.25 7.49 29.33
2016-09-30 54.14 3.65 23.42
2016-06-30 44.34 3.81 18.15
2016-03-31 32.37 3.46 12.69
2015-12-31 28.21 2.97 10.89
2015-09-30 28.52 3.05 11.14
2015-06-30 26.46 2.72 10.73
2015-03-31 25.89 2.59 10.67
2014-12-31 23.72 2.26 9.63
2014-09-30 21.25 2.43 7.87
2014-06-30 19.79 2.57 6.76
2014-03-31 17.87 2.70 4.98
2013-12-31 17.31 2.45 4.75
2013-09-30 17.51 2.59 5.35
2013-06-30 17.61 1.96 5.66

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Park Lawn has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Park Lawn used its assets less efficiently than the North America Consumer Services industry average last year based on Return on Assets.
  • Park Lawn's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Park Lawn's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Park Lawn has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PLC Health

 How is Park Lawn's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Park Lawn's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Park Lawn is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Park Lawn's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Park Lawn's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Park Lawn Company Filings, last reported 3 months ago.

TSX:PLC Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 514.52 182.58 21.26
2019-09-30 526.01 136.76 25.49
2019-06-30 519.66 59.90 17.66
2019-03-31 394.06 93.46 14.47
2018-12-31 400.47 95.37 14.15
2018-09-30 378.44 62.42 13.55
2018-06-30 382.96 49.23 9.06
2018-03-31 197.85 61.68 6.68
2017-12-31 182.05 4.40 12.74
2017-09-30 179.99 4.53 18.66
2017-06-30 173.78 4.66 82.60
2017-03-31 97.44 4.84 11.24
2016-12-31 97.37 4.70 23.89
2016-09-30 49.52 22.31 1.17
2016-06-30 46.25 22.45 0.92
2016-03-31 45.89 22.00 0.88
2015-12-31 23.75 16.50 0.16
2015-09-30 23.61 13.67 0.26
2015-06-30 22.96 12.12 0.20
2015-03-31 22.77 10.39 0.72
2014-12-31 20.29 11.20 1.34
2014-09-30 20.29 7.92 2.37
2014-06-30 13.57 8.48
2014-03-31 13.87 9.60 1.89
2013-12-31 13.94 6.55 3.02
2013-09-30 4.12 11.52 0.08
2013-06-30 3.97 11.78 0.05
  • Park Lawn's level of debt (35.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (55.1% vs 35.5% today).
  • Debt is well covered by operating cash flow (27.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.1x coverage).
X
Financial health checks
We assess Park Lawn's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Park Lawn has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PLC Dividends

 What is Park Lawn's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.76%
Current annual income from Park Lawn dividends. Estimated to be 2.78% next year.
If you bought CA$2,000 of Park Lawn shares you are expected to receive CA$55 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Park Lawn's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.71%).
  • Park Lawn's dividend is below the markets top 25% of dividend payers in Canada (8.69%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:PLC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
North America Consumer Services Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 4.8%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.3%
Canada Bottom 25% Dividend Yield 25th Percentile 2.7%
Canada Top 25% Dividend Yield 75th Percentile 8.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:PLC Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 0.46 1.00
2020-12-31 0.46 2.00
2020-04-01
TSX:PLC Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2020-02-21 0.456 2.016
2020-01-23 0.456 1.516
2019-11-22 0.456 1.527
2019-10-22 0.456 1.572
2019-09-20 0.456 1.695
2019-08-22 0.456 1.766
2019-07-22 0.456 1.652
2019-06-21 0.456 1.594
2019-05-21 0.456 1.564
2019-04-22 0.456 1.758
2019-03-22 0.456 1.781
2019-02-20 0.456 1.823
2018-12-19 0.456 1.906
2018-11-22 0.456 2.052
2018-10-23 0.456 2.010
2018-09-24 0.456 1.822
2018-08-21 0.456 1.716
2018-06-21 0.456 1.834
2018-05-23 0.456 1.885
2018-04-20 0.456 1.838
2018-03-22 0.456 1.770
2018-02-16 0.456 1.805
2018-01-18 0.456 2.001
2017-12-20 0.456 1.986
2017-11-20 0.456 2.181
2017-10-19 0.456 2.276
2017-09-19 0.456 2.361
2017-08-17 0.456 2.464
2017-07-20 0.456 2.409
2017-06-20 0.456 2.409
2017-05-17 0.456 2.312
2017-04-19 0.456 2.349
2017-03-17 0.456 2.632
2017-02-17 0.456 2.762
2017-01-20 0.456 2.832
2016-12-20 0.456 2.939
2016-11-18 0.456 2.866
2016-10-24 0.456 2.736
2016-09-20 0.456 2.861
2016-08-19 0.456 3.007
2016-07-21 0.456 3.025
2016-06-22 0.456 3.312
2016-04-21 0.456 3.633
2016-03-17 0.456 3.804
2016-02-18 0.456 3.901
2016-01-21 0.456 3.943
2015-12-21 0.456 3.863
2015-11-20 0.456 3.761
2015-10-15 0.456 3.860
2015-09-15 0.456 3.985
2015-08-17 0.456 3.858
2015-07-15 0.456 3.858
2015-06-15 0.456 3.697
2015-05-15 0.456 3.600
2015-04-15 0.456 3.535
2015-03-16 0.456 3.596
2015-02-17 0.456 3.691
2015-01-15 0.456 3.514
2014-12-15 0.456 3.438
2014-11-17 0.456 3.832
2014-10-15 0.456 3.899
2014-09-16 0.456 4.210
2014-08-15 0.456 4.693
2014-07-18 0.456 4.783
2014-06-16 0.456 5.082
2014-04-16 0.456 5.230
2014-03-18 0.456 5.272
2014-02-25 0.456 5.152
2014-01-14 0.456 5.210
2013-12-13 0.456 5.259
2013-11-15 0.456 5.209
2013-10-15 0.456 5.114
2013-09-18 0.456 5.125
2013-08-15 0.456 4.903
2013-07-22 0.456 5.034
2013-06-17 0.456 5.595
2013-05-24 0.456 5.614
2013-04-22 0.456 5.326
2013-03-15 0.456 5.225
2013-03-06 0.456 5.266
2013-01-18 0.456 5.107
2012-12-17 0.456 5.409
2012-10-26 0.456 5.397
2012-10-15 0.456 5.787
2012-09-17 0.456 5.809
2012-08-14 0.456 5.802
2012-06-25 0.456 5.736
2012-05-23 0.456 5.939
2012-04-25 0.456 5.733
2012-03-22 0.456 5.826
2012-02-13 0.456 6.026
2012-01-23 0.456 5.929
2011-12-30 0.456 5.831
2011-11-22 0.456 6.253
2011-11-03 0.456 6.221
2011-10-04 0.456 6.200
2011-08-23 0.456 6.111
2011-07-25 0.456 6.080
2011-06-22 0.456 6.100
2011-05-20 0.456 6.106
2011-04-28 0.456 6.142
2011-03-31 0.456 6.110
2011-02-18 0.456 6.127
2011-01-21 0.456 6.118
2010-11-15 0.445 5.931
2010-10-20 0.638 10.219
2010-09-20 0.638 10.868
2010-08-23 0.638 11.478
2010-08-12 0.638 11.733
2010-05-25 0.638 11.432
2010-04-22 0.638 11.443
2010-03-26 0.638 11.417
2010-02-17 0.638 11.419
2010-01-20 0.638 11.900
2009-12-17 0.660 12.107
2009-11-23 0.660 12.762
2009-10-27 0.660 12.760
2009-09-23 0.660 13.010
2009-08-20 0.660 13.652
2009-07-28 0.660 14.319
2009-06-12 0.660 13.797
2009-05-22 0.660 13.732
2009-04-23 0.660 13.653

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Park Lawn's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).
X
Income/ dividend checks
We assess Park Lawn's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Park Lawn afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Park Lawn has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PLC Management

 What is the CEO of Park Lawn's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Brad Green
COMPENSATION CA$1,065,732
TENURE AS CEO 0.1 years
CEO Bio

Mr. James Bradley Green, also known as Brad, has been Interim Chief Executive Officer at Park Lawn Corporation since March 31, 2020. Mr. Green serves as President at Park Lawn Corporation and joined in May 2018. Mr. Green has served as a founder, owner and the CEO of Signature. Prior to founding Signature, he was the Executive Vice President and General Counsel of Carriage Services, wherein he completely restructured and rebuilt the legal, human resources, payroll, and training functions. Additionally, he built and led the day to day operation of the acquisition team. In addition to his industry experience, Mr. Green is a licensed attorney with an extensive legal background, including work at two international law firms and serving as the General Counsel for a large, international transportation company.

CEO Compensation
  • Insufficient data for Brad to compare compensation growth.
  • Brad's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Park Lawn management team in years:

1.9
Average Tenure
58
Average Age
  • The average tenure for the Park Lawn management team is less than 2 years, this suggests a new team.
Management Team

Brad Green

TITLE
President & Interim CEO
COMPENSATION
CA$1M
TENURE
0.1 yrs

Joe Leeder

TITLE
CFO & Director
COMPENSATION
CA$655K
AGE
64
TENURE
6.8 yrs

Jay Dodds

TITLE
Chief Operating Officer
COMPENSATION
CA$1M
AGE
58
TENURE
1.9 yrs

William Passodelis

TITLE
Vice President of CMS Mid-Atlantic
COMPENSATION
CA$658K

Jeff Parker

TITLE
Chief Technology Officer
TENURE
1.8 yrs

Linda Gilbert

TITLE
Vice President of Finance & Administration
COMPENSATION
CA$217K
AGE
50
TENURE
4.1 yrs

Lorie Johnson

TITLE
Vice President of Human Resources

Jim Price

TITLE
Senior Vice President of Industry Relations
COMPENSATION
CA$421K
TENURE
1.2 yrs

Lindsay Forrest-Quinn

TITLE
Corporate Secretary
Board of Directors Tenure

Average tenure and age of the Park Lawn board of directors in years:

3.7
Average Tenure
54
Average Age
  • The tenure for the Park Lawn board of directors is about average.
Board of Directors

Paul Smith

TITLE
Independent Chairman
COMPENSATION
CA$61K
AGE
54
TENURE
0.2 yrs

Joe Leeder

TITLE
CFO & Director
COMPENSATION
CA$655K
AGE
64
TENURE
7 yrs

Steven Scott

TITLE
Independent Director
COMPENSATION
CA$58K
AGE
46
TENURE
6 yrs

Tim Powers

TITLE
Lead Independent Director
COMPENSATION
CA$69K
AGE
50
TENURE
3.7 yrs

Deborah Robinson

TITLE
Independent Director
COMPENSATION
CA$39K
AGE
55
TENURE
1.9 yrs

William Ward

TITLE
Independent Director
COMPENSATION
CA$57K
AGE
53
TENURE
6.7 yrs

Jane Craighead

TITLE
Independent Director
AGE
60
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
29. Aug 19 Sell Nine Two Seven Limited Company 22. Aug 19 26. Aug 19 -25,900 CA$26.76 CA$-677,082
24. Apr 19 Buy Suzanne Cowan Individual 23. Apr 19 23. Apr 19 1,000 CA$25.65 CA$25,650
24. Apr 19 Buy Nine Two Seven Limited Company 23. Apr 19 23. Apr 19 4,000 CA$25.65 CA$102,600
24. Apr 19 Buy Deborah Robinson Individual 23. Apr 19 23. Apr 19 2,000 CA$25.65 CA$51,300
24. Apr 19 Buy Timothy Powers Individual 23. Apr 19 23. Apr 19 585 CA$25.65 CA$15,005
X
Management checks
We assess Park Lawn's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Park Lawn has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PLC News

Simply Wall St News

Should Park Lawn Corporation (TSE:PLC) Be Part Of Your Dividend Portfolio?

Today we'll take a closer look at Park Lawn Corporation (TSE:PLC) from a dividend investor's perspective. Owning a strong business and reinvesting the dividends is widely seen as an attractive way of growing your wealth. If you are hoping to live on your dividends, it's important to be more stringent with your investments than the average punter. Regular readers know we like to apply the same approach to each dividend stock, and we hope you'll find our analysis useful. A slim 1.7% yield is hard to get excited about, but the long payment history is respectable. At the right price, or with strong growth opportunities, Park Lawn could have potential. Some simple research can reduce the risk of buying Park Lawn for its dividend - read on to learn more. Explore this interactive chart for our latest analysis on Park Lawn! TSX:PLC Historical Dividend Yield, August 26th 2019 Payout ratios Dividends are typically paid from company earnings. If a company pays more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Comparing dividend payments to a company's net profit after tax is a simple way of reality-checking whether a dividend is sustainable. In the last year, Park Lawn paid out 110% of its profit as dividends. Unless there are extenuating circumstances, from the perspective of an investor who hopes to own the company for many years, a payout ratio of above 100% is definitely a concern. Another important check we do is to see if the free cash flow generated is sufficient to pay the dividend. The company paid out 50% of its free cash flow, which is not bad per se, but does start to limit the amount of cash Park Lawn has available to meet other needs. It's disappointing to see that the dividend was not covered by profits, but cash is more important from a dividend sustainability perspective, and Park Lawn fortunately did generate enough cash to fund its dividend. If executives were to continue paying more in dividends than the company reported in profits, we'd view this as a warning sign. Very few companies are able to sustainably pay dividends larger than their reported earnings. Is Park Lawn's Balance Sheet Risky? As Park Lawn's dividend was not well covered by earnings, we need to check its balance sheet for signs of financial distress. A rough way to check this is with these two simple ratios: a) net debt divided by EBITDA (earnings before interest, tax, depreciation and amortisation), and b) net interest cover. Net debt to EBITDA is a measure of a company's total debt. Net interest cover measures the ability to meet interest payments. Essentially we check that a) the company does not have too much debt, and b) that it can afford to pay the interest. … For the purpose of this article, we only scrutinise the last decade of Park Lawn's dividend payments. … Dividend Growth Potential While dividend payments have been relatively reliable, it would also be nice if earnings per share (EPS) were growing, as this is essential to maintaining the dividend's purchasing power over the long term. It's not great to see that Park Lawn's have fallen at approximately 9.3% over the past five years. A modest decline in earnings per share is not great to see, but it doesn't automatically make a dividend unsustainable. Still, we'd vastly prefer to see EPS growth when researching dividend stocks. We'd also point out that Park Lawn issued a meaningful number of new shares in the past year. Regularly issuing new shares can be detrimental - it's hard to grow dividends per share when new shares are regularly being created. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

Simply Wall St -

Does Park Lawn Corporation's (TSE:PLC) CEO Pay Reflect Performance?

View our latest analysis for Park Lawn How Does Andrew Clark's Compensation Compare With Similar Sized Companies? … A first glance this seems like a real positive for shareholders, since Andrew Clark is paid less than the average total compensation paid by similar sized companies. … It appears that Park Lawn Corporation remunerates its CEO below most similar sized companies.

Simply Wall St -

An Intrinsic Calculation For Park Lawn Corporation (TSE:PLC) Suggests It's 34% Undervalued

Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) forecast 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF (CA$, Millions) CA$42.8m CA$50.3m CA$56.7m CA$62.1m CA$66.6m CA$70.3m CA$73.5m CA$76.3m CA$78.8m CA$81.0m Growth Rate Estimate Source Analyst x2 Est @ 17.41% Est @ 12.77% Est @ 9.52% Est @ 7.25% Est @ 5.66% Est @ 4.55% Est @ 3.77% Est @ 3.22% Est @ 2.84% Present Value (CA$, Millions) Discounted @ 7.25% CA$39.9 CA$43.7 CA$45.9 CA$46.9 CA$46.9 CA$46.2 CA$45.0 CA$43.6 CA$41.9 CA$40.2 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= CA$440.4m We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = CA$81m × (1 + 1.9%) ÷ (7.2% – 1.9%) = CA$1.6b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = CA$CA$1.6b ÷ ( 1 + 7.2%)10 = CA$773.39m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is CA$1.21b. … TSX:PLC Intrinsic value, August 5th 2019 Important assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.

Simply Wall St -

Here's Why We're Wary Of Buying Park Lawn Corporation's (TSE:PLC) For Its Upcoming Dividend

Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Park Lawn Corporation (TSE:PLC) is about to go ex-dividend in just 3 days. … Park Lawn's next dividend payment will be CA$0.038 per share, on the back of last year when the company paid a total of CA$0.46 to shareholders. … As a result, readers should always check whether Park Lawn has been able to grow its dividends, or if the dividend might be cut.

Simply Wall St -

Park Lawn (TSE:PLC) Shareholders Have Enjoyed An Impressive 198% Share Price Gain

But on a lighter note, a good company can see its share price rise well over 100%. … There will continue to be wide discrepancies between price and value in the marketplace...' One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Park Lawn's earnings per share are down 12% per year, despite strong share price performance over five years.

Simply Wall St -

Why We’re Not Impressed By Park Lawn Corporation’s (TSE:PLC) 2.6% ROCE

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Park Lawn: 0.026 = CA$26m ÷ (CA$1.0b - CA$24m) (Based on the trailing twelve months to March 2019.) So, Park Lawn has an ROCE of 2.6%. … How Park Lawn's Current Liabilities Impact Its ROCE Short term (or current) liabilities, are things like supplier invoices, overdrafts, or tax bills that need to be paid within 12 months. … Park Lawn has a low level of current liabilities, which have a negligible impact on its already low ROCE.

Simply Wall St -

Is Park Lawn Corporation's (TSE:PLC) 2.2% ROE Worse Than Average?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Park Lawn: 2.2% = CA$8.4m ÷ CA$394m (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Combining Park Lawn's Debt And Its 2.2% Return On Equity Park Lawn has a debt to equity ratio of 0.24, which is far from excessive. … Conservative use of debt to boost returns is usually a good move for shareholders, though it does leave the company more exposed to interest rate rises.

Simply Wall St -

Why We Think Park Lawn Corporation (TSE:PLC) Could Be Worth Looking At

High growth potential with excellent balance sheet In the previous year, PLC has ramped up its bottom line by 83%, with its latest earnings level surpassing its average level over the last five years. … TSX:PLC Past and Future Earnings, June 7th 2019 PLC's ability to maintain an adequate level of cash to meet upcoming liabilities is a good sign for its financial health. … TSX:PLC Historical Debt, June 7th 2019 Next Steps: For Park Lawn, there are three fundamental aspects you should further research: Valuation: What is PLC worth today?

Simply Wall St -

Don't Sell Park Lawn Corporation (TSE:PLC) Before You Read This

Park Lawn has a price to earnings ratio of 77.87, based on the last twelve months. … View our latest analysis for Park Lawn How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Park Lawn: P/E of 77.87 = CA$28.8 ÷ CA$0.37 (Based on the year to March 2019.) Is A High P/E Ratio Good?

Simply Wall St -

Are Insiders Buying Park Lawn Corporation (TSE:PLC) Stock?

In the last twelve months Park Lawn insiders were buying shares, but not selling. … TSX:PLC Recent Insider Trading, May 16th 2019 Park Lawn is not the only stock insiders are buying. … On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Park Lawn stock.

Simply Wall St -

PLC Company Info

Description

Park Lawn Corporation, together with its subsidiaries, provides deathcare products and services in North America. The company owns and operates cemeteries, crematoriums, and funeral homes. It also offers cemetery lots, crypts, niches, monuments, caskets, urns, and other merchandise, as well as funeral services and after life celebration services. The company offers its products and services at the time of need and on a pre-arranged basis. Park Lawn Corporation was founded in 1892 and is headquartered in Toronto, Canada.

Details
Name: Park Lawn Corporation
PLC
Exchange: TSX
Founded: 1892
CA$476,688,333
28,890,202
Website: http://www.parklawncorp.com
Address: Park Lawn Corporation
2 Street Clair Avenue West,
Suite 1300,
Toronto,
Ontario, M4V 1L5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX PLC Common Shares The Toronto Stock Exchange CA CAD 19. Sep 2006
OTCPK PRRW.F Common Shares Pink Sheets LLC US USD 19. Sep 2006
DB PL2 Common Shares Deutsche Boerse AG DE EUR 19. Sep 2006
Number of employees
Current staff
Staff numbers
1,301
Park Lawn employees.
Industry
Specialized Consumer Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 02:46
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/04/01
Last earnings filing: 2020/03/30
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.