# CCL Industries Inc. Class B (CCL.B) (CCL-B.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Basic Materials / Packaging. Price C$99.45, market value C$16.8 billion.

## Valuation
- **P/E (trailing): 21.3×** (5-yr avg 17.2×, 3-yr avg 17.8×). CCL Industries Inc. Class B (CCL.B) trades at 21.3× trailing earnings, well above its own five-year average of 17.2×: investors are paying up relative to the company's past. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 18.2×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 2.1×**. Each dollar of revenue is priced at 2.1×.
- **Price / book: 3.1×**. The shares trade at 3.1× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 10.7×**. Enterprise value is 10.7× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 4.9%** (5-yr avg 5.3%). Free cash flow equals 4.9% of the market value, in line with its five-year average of 5.3%.
- **Earnings yield: 4.7%**. The inverse of the P/E: 4.7% of the price is earned each year.

## Profitability
- **Gross margin: 29.8%**. CCL Industries Inc. Class B (CCL.B) keeps 29.8% of revenue after the direct cost of what it sells.
- **Operating margin: 15.0%**. 15.0% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 10.5%**. 10.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 14.2%**. 14.2% on shareholders' equity is solid.
- **Return on invested capital: 12.6%**. Return on all capital, debt included, is 12.6%.
- **Return on assets: 8.0%**. Each dollar of assets produces 8.0% of profit.

## Growth
- **Revenue growth (1 yr): 5.8%** (3-yr 6.3%/yr). Revenue grew 5.8% over the last year.
- **EPS growth (1 yr): -2.8%** (3-yr 9.5%/yr). Earnings per share fell 2.8%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 16.5%/yr**. Free cash flow has compounded at 16.5% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.40**. Debt is 0.40 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.8×**. It would take 0.8 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 10.7×**. Operating profit covers interest 10.7× over, a safe margin.
- **Current ratio: 1.42** (quick 1.07). Current assets cover the next year's liabilities 1.42 times.
- **Altman Z-score: 4.26**. A Z-score of 4.26 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 1.45%** (C$1.36 per share, trailing). CCL Industries Inc. Class B (CCL.B) yields 1.45%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 28%** (28% of free cash flow). 28% of earnings goes out as dividends, leaving room to keep raising it.

## Price and momentum
- **Total return (1 yr): 28.3%** (YTD 14.7%, 3-mo 6.0%). The shares are up 28.3% over twelve months including dividends.
- **From 52-week high: -1.1%** (28.4% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 59**. An RSI of 59 is neutral.
- **Beta (1 yr): 0.47** (volatility 24%). Beta of 0.47 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CCL-B.TO · Page: https://foliofundamentals.com/stocks/ccl-b.to

Not investment advice.