Power Corporation of Canada (POW.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

-90.5%

CA$9.08

vs CA$95.65 price

Levered DCF

-CA$25.08

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

0.09

Distress zone

Rating

C-

Overall 1 / 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	18.19×	10.63×	11.43×	6.03×	6.06×	5.35×	4.81×	8.52×
P/B	1.91×	1.22×	1.13×	0.89×	1.16×	0.85×	1.03×	0.76×
P/S	1.24×	0.88×	0.54×	-3.74×	0.41×	0.29×	0.3×	0.24×
EV / EBITDA	9.73×	6.22×	7.53×	5.73×	5.95×	6.44×	5.42×	4.52×
Gross margin	79.5%	55.9%	100.0%	-190.1%	24.2%	22.0%	28.3%	29.5%
Operating margin	40.8%	16.8%	15.0%	-76.2%	7.6%	5.6%	7.4%	8.4%
Net margin	7.0%	8.5%	4.8%	-39.3%	4.3%	3.2%	2.4%	2.8%
Current ratio	1.44×	1.35×	9.37×	7×	3.7×	2.88×	2.52×	2.5×
Debt / equity	1.06×	0.95×	0.95×	0.88×	0.8×	0.97×	1.29×	1.18×
Interest coverage	19.11×	7.04×	9.1×	6.75×	9.23×	6.84×	6.84×	9.5×
Dividend yield	3.4%	5.1%	5.7%	6.5%	4.5%	6.0%	5.1%	6.6%
Payout ratio	60.6%	53.3%	63.5%	61.5%	42.5%	55.4%	64.4%	56.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	10.8%	11.7%	10.1%	9.4%	12.2%	9.2%	8.2%	8.9%
Return on invested capital	1.4%	0.6%	0.8%	1.8%	2.3%	1.8%	1.9%	2.0%
Return on assets	0.3%	0.3%	0.3%	0.3%	0.4%	0.3%	0.2%	0.3%
Free cash flow yield	8.9%	17.5%	18.9%	31.4%	37.1%	51.3%	45.2%	44.5%
Earnings yield	5.6%	9.6%	8.9%	10.5%	10.5%	10.8%	7.9%	11.7%
Enterprise value	CA$59.1B	CA$39.3B	CA$36.9B	CA$33.7B	CA$39.7B	CA$31B	CA$26.1B	CA$22.8B
Net debt / EBITDA	2.04×	1.62×	2.41×	2.09×	1.7×	2.51×	2.38×	2.26×
Cash conversion cycle (days)	-7	-55	52	81	13	18	17	-284