Power Corporation of Canada
PWCDF
Market Cap$24.56B
Close$
Earnings Call Q3 2024
November 13, 2024 - AI Summary
Strong Earnings Growth: Both Great-West Lifeco and IGM Financial reported a 12% year-over-year growth in earnings per share (EPS), contributing significantly to Power Corporation's overall adjusted net earnings of $542 million for Q3 2024, down from $1 billion in the same quarter last year. This reduction is attributed to nonrecurring items last year, but the underlying growth indicates resilience in the core operating businesses.
Net Asset Value (NAV) Increase: Power Corporation's adjusted NAV increased by 15% quarter-over-quarter to $57.92 per share, driven by strong performance in its publicly traded operating companies like Great-West and IGM. The NAV showed continued growth into October and November, reflecting positive market trends.
Dividend Strategy and Buybacks: The Board declared a quarterly dividend of 56.25 cents per share, consistent with the previous quarter. In response to excess cash, Power Corporation remains committed to share buybacks, with over $120 million transacted under its Normal Course Issuer Bid (NCIB) program this quarter, which should enhance shareholder returns by reducing the share count.
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$71.44
81.6% upside
Current Fair Value
81.6% upsideUndervalued by 81.6% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $24.56 Billion |
|---|---|
| Enterprise Value | $33.61 Billion |
| Dividend Yield | $1.6458 (4.34536179860193%) |
| Earnings per Share | $4.23 |
| Beta | 1.04 |
| Outstanding Shares | 643,000,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 12.48 |
|---|---|
| PEG | -450.71 |
| Price to Sales | 0.72 |
| Price to Book Ratio | 0.57 |
| Enterprise Value to Revenue | 0.94 |
| Enterprise Value to EBIT | 37.14 |
| Enterprise Value to Net Income | 12 |
| Total Debt to Enterprise | 0.64 |
| Debt to Equity | 0.9 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Power Corp. of Canada
CEO: Robert Jeffrey Orr Power Corp. of Canada is a management and holding company, which engages in the provision of financial services; asset management; and sustainable and renewable energy. It operates through the following segments: Lifeco, IGM Financial, a...