# Quebecor Inc. (QBR-B.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Communication Services / Diversified Telecommunication Services. Price C$63.94, market value C$14.4 billion.

## Valuation
- **P/E (trailing): 15.7×** (5-yr avg 10.9×, 3-yr avg 11.2×). Quebecor Inc. trades at 15.7× trailing earnings, well above its own five-year average of 10.9×: investors are paying up relative to the company's past. The Communication Services median in the September 2026 study was 21.1×. Forward P/E is 13.5×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.92**. A PEG of 0.92 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 2.5×**. Each dollar of revenue is priced at 2.5×.
- **Price / book: 5.2×**. The shares trade at 5.2× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 8.7×**. Enterprise value is 8.7× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 10.1%** (5-yr avg 8.6%). Free cash flow equals 10.1% of the market value, in line with its five-year average of 8.6%. Above 5% is generally attractive.
- **Earnings yield: 6.4%**. The inverse of the P/E: 6.4% of the price is earned each year.

## Profitability
- **Gross margin: 35.3%**. Quebecor Inc. keeps 35.3% of revenue after the direct cost of what it sells.
- **Operating margin: 23.1%**. 23.1% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 15.1%**. 15.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 32.6%**. 32.6% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 10.4%**. Return on all capital, debt included, is 10.4%.
- **Return on assets: 7.4%**. Each dollar of assets produces 7.4% of profit.

## Growth
- **Revenue growth (1 yr): 0.7%** (3-yr 7.8%/yr, 5-yr 5.6%/yr). Revenue grew 0.7% over the last year, against 5.6% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 14.6%** (3-yr 13.1%/yr, 5-yr 9.4%/yr). Earnings per share rose 14.6%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 29.6%/yr**. Free cash flow has compounded at 29.6% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 2.74**. Debt is 2.74 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 2.8×**. It would take 2.8 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 4.2×**. Operating profit covers interest 4.2× over, a safe margin.
- **Current ratio: 0.89** (quick 0.71). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 1.96**. A Z-score of 1.96 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 2.82%** (C$1.50 per share, trailing). Quebecor Inc. yields 2.82%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 38%** (23% of free cash flow). 38% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 22**. 22 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 11.8%/yr** (1-yr 7.7%). The dividend has compounded at 11.8% a year over five years, doubling roughly every 6 years at that pace.
- **Shareholder yield: 4.9%**. Dividends plus net buybacks return 4.9% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (15 analysts). 15 analysts cover Quebecor Inc.; the consensus is buy, with an average price target of C$73.53 (+15% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 48.6%** (YTD 25.3%, 3-mo -6.0%). The shares are up 48.6% over twelve months including dividends.
- **From 52-week high: -9.6%** (53.8% above the low). Trading 10% below 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): 51**. An RSI of 51 is neutral.
- **Beta (1 yr): -0.06** (volatility 25%). Beta of -0.06 against the S&P/TSX Composite: the shares move much less than the market.

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

Not investment advice.