This Is Why Shareholders May Want To Hold Back On A Pay Rise For Pollard Banknote Limited's (TSE:PBL) CEO
May 03
Canadian (TSX) Hospitality Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies19
- 7D4.3%
- 3M-0.7%
- 1Y4.6%
- YTD-0.6%
Over the last 7 days, the Hospitality industry has risen 4.3%, driven by gains from Restaurant Brands International Limited Partnership of 5.3%. Meanwhile, Pollard Banknote actually underperformed within the industry, shrinking 9.4% in the last week. This takes the industry's 12 month performance to a gain of 4.6%. Looking forward, earnings are forecast to grow by 26% annually.
Industry Valuation and Performance
Has the Canadian Hospitality Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 09 May 2024 | CA$39.3b | CA$12.4b | CA$2.7b | 13.8x | 14.7x | 3.2x |
| Sat, 06 Apr 2024 | CA$38.9b | CA$12.0b | CA$2.6b | 14x | 15x | 3.2x |
| Mon, 04 Mar 2024 | CA$40.3b | CA$12.0b | CA$2.5b | 15.2x | 16.2x | 3.4x |
| Wed, 31 Jan 2024 | CA$41.0b | CA$13.0b | CA$2.1b | 15.7x | 19.9x | 3.2x |
| Fri, 29 Dec 2023 | CA$41.0b | CA$12.9b | CA$2.0b | 15.2x | 20.1x | 3.2x |
| Sun, 26 Nov 2023 | CA$38.8b | CA$13.2b | CA$2.1b | 15.1x | 18.6x | 2.9x |
| Tue, 24 Oct 2023 | CA$36.8b | CA$13.0b | CA$2.3b | 13.4x | 16x | 2.8x |
| Thu, 21 Sep 2023 | CA$37.6b | CA$12.7b | CA$2.3b | 15.4x | 16.7x | 3x |
| Sat, 19 Aug 2023 | CA$39.5b | CA$12.8b | CA$2.3b | 16.3x | 17.5x | 3.1x |
| Mon, 17 Jul 2023 | CA$41.0b | CA$12.4b | CA$2.2b | 16.6x | 18.5x | 3.3x |
| Wed, 14 Jun 2023 | CA$40.1b | CA$12.3b | CA$2.2b | 16.9x | 18x | 3.3x |
| Fri, 12 May 2023 | CA$39.7b | CA$12.3b | CA$2.2b | 16x | 17.8x | 3.2x |
| Sun, 09 Apr 2023 | CA$36.8b | CA$12.1b | CA$2.2b | 16x | 16.5x | 3.1x |
| Tue, 07 Mar 2023 | CA$36.6b | CA$12.1b | CA$2.2b | 17.7x | 16.4x | 3x |
| Thu, 02 Feb 2023 | CA$37.2b | CA$11.6b | CA$2.2b | 17.1x | 17.2x | 3.2x |
| Sat, 31 Dec 2022 | CA$36.3b | CA$11.8b | CA$2.2b | 15.8x | 16.5x | 3.1x |
| Mon, 28 Nov 2022 | CA$37.1b | CA$11.6b | CA$2.2b | 15.7x | 17x | 3.2x |
| Wed, 26 Oct 2022 | CA$32.6b | CA$11.4b | CA$2.0b | 14.6x | 16.7x | 2.9x |
| Fri, 23 Sep 2022 | CA$32.7b | CA$11.4b | CA$1.9b | 14.5x | 16.8x | 2.9x |
| Sun, 21 Aug 2022 | CA$32.6b | CA$11.0b | CA$1.9b | 15.6x | 17.4x | 3x |
| Tue, 19 Jul 2022 | CA$28.7b | CA$10.5b | CA$1.9b | 14.3x | 15x | 2.7x |
| Thu, 16 Jun 2022 | CA$27.0b | CA$10.5b | CA$1.9b | 14.7x | 14.3x | 2.6x |
| Sat, 14 May 2022 | CA$28.5b | CA$10.4b | CA$1.9b | 15.7x | 15.1x | 2.7x |
| Mon, 11 Apr 2022 | CA$31.8b | CA$9.9b | CA$1.8b | 18.9x | 17.4x | 3.2x |
| Wed, 09 Mar 2022 | CA$30.0b | CA$10.0b | CA$1.8b | 19.7x | 16.8x | 3x |
| Fri, 04 Feb 2022 | CA$30.4b | CA$9.5b | CA$1.6b | 17.1x | 18.6x | 3.2x |
| Sun, 02 Jan 2022 | CA$33.3b | CA$9.5b | CA$1.6b | 19.3x | 20.4x | 3.5x |
| Tue, 30 Nov 2021 | CA$32.3b | CA$9.6b | CA$1.6b | 19.7x | 19.8x | 3.4x |
| Thu, 28 Oct 2021 | CA$34.4b | CA$9.5b | CA$1.5b | 18.5x | 23.4x | 3.6x |
| Sat, 25 Sep 2021 | CA$38.2b | CA$9.4b | CA$1.4b | 21.1x | 27.6x | 4x |
| Mon, 23 Aug 2021 | CA$38.3b | CA$9.3b | CA$1.4b | 21.1x | 28.3x | 4.1x |
| Sat, 10 Jul 2021 | CA$38.2b | CA$9.3b | CA$1.4b | 21.7x | 28.2x | 4.1x |
Price to Earnings Ratio
39.4x
Current Industry PE
- Investors are pessimistic on the Canadian Hospitality industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 14.7x which is lower than its 3-year average PE of 19.2x.
- The industry is trading close to its 3-year average PS ratio of 3.2x.
Past Earnings Growth
- The earnings for companies in the Hospitality industry have grown 38% per year over the last three years.
- Revenues for these companies have grown 12% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Canadian Consumer Discretionary industry?
| CA Market | 2.53% | |
| Consumer Discretionary | 1.65% | |
| Hospitality | 4.34% | |
| Hotels, Resorts and Cruise Lines | 60.00% | |
| Restaurants | 4.84% | |
| Leisure Facilities | 0.35% | |
| Casinos and Gaming | -6.57% | |
Industry PE
- Investors are most optimistic about the Casinos and Gaming industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 31.5%, which is lower than the prior year's growth of 64.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Casinos and Gaming industry, expecting annual earnings growth of 31% over the next 5 years.
- However this is lower than its past earnings growth rate of 65% per year.
- In contrast, the Restaurants industry is expected to see its earnings grow by 9.3% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| QSP.UN Restaurant Brands International Limited Partnership | CA$100.79 | 3.2% +CA$1.0b | 3.8% | PE14x | |
| BPF.UN Boston Pizza Royalties Income Fund | CA$15.80 | 1.2% +CA$4.0m | -2.8% | PE11.4x | |
| AW.UN A&W Revenue Royalties Income Fund | CA$29.59 | 0.6% +CA$3.1m | -19.4% | PE14.8x | |
| PZA Pizza Pizza Royalty | CA$13.44 | 0.6% +CA$2.6m | -4.7% | PE14x | |
| ICE Canlan Ice Sports | CA$3.86 | 3.8% +CA$1.9m | 8.4% | PE118.4x |
