Premium Brands Holdings Corporation (PBH.TO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-186.0%

-CA$63.34

vs CA$73.66 price

Levered DCF

-CA$217.18

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.87

Grey zone

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	111.77×	28.86×	44.35×	22.92×	41.46×	46.63×	38.71×	24.79×
P/B	2.75×	1.98×	2.36×	2.02×	3.09×	2.44×	3.04×	2.94×
P/S	0.61×	0.54×	0.67×	0.61×	1.12×	0.96×	0.89×	0.8×
EV / EBITDA	15.55×	13.41×	15.01×	15.02×	19.84×	16.2×	15.4×	14.47×
Gross margin	15.8%	20.0%	19.3%	18.3%	18.3%	19.2%	19.9%	19.9%
Operating margin	5.3%	7.7%	7.2%	6.9%	7.6%	7.4%	8.2%	8.1%
Net margin	0.5%	1.9%	1.5%	2.7%	2.7%	2.1%	2.3%	3.2%
Current ratio	1.23×	1.61×	2.08×	2.53×	2.09×	2.48×	1.72×	1.71×
Debt / equity	2.06×	1.8×	1.5×	1.42×	1.1×	0.84×	1.26×	1.4×
Interest coverage	1.84×	2.49×	2.55×	3.92×	6.2×	5.21×	4.45×	0×
Dividend yield	3.4%	4.2%	3.2%	3.3%	2.0%	2.2%	2.2%	2.5%
Payout ratio	376.8%	121.9%	142.7%	76.5%	81.5%	103.3%	86.8%	60.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	2.4%	6.9%	5.3%	8.8%	7.5%	5.2%	7.9%	11.9%
Return on invested capital	3.6%	7.0%	7.0%	7.2%	6.9%	7.4%	8.8%	9.7%
Return on assets	0.7%	2.1%	1.8%	3.2%	3.0%	2.4%	2.9%	4.0%
Free cash flow yield	-2.8%	-3.2%	0.8%	-3.6%	-1.4%	3.4%	2.3%	2.7%
Earnings yield	0.9%	3.5%	2.3%	4.4%	2.4%	2.1%	2.6%	4.0%
Enterprise value	CA$7.9B	CA$6.7B	CA$6.8B	CA$6.2B	CA$7.4B	CA$4.9B	CA$4.6B	CA$3.6B
Net debt / EBITDA	6.64×	6.34×	5.79×	6.18×	5.17×	3.26×	4.47×	4.62×
Cash conversion cycle (days)	54	51	50	63	57	44	49	53