# Saputo Inc. (SAP.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Consumer Defensive / Food & Staples Retailing. Price C$40.13, market value C$15.9 billion.

## Valuation
- **P/E (trailing): 23.1×** (5-yr avg 32.2×, 3-yr avg 33.3×). Saputo Inc. trades at 23.1× trailing earnings, well below its own five-year average of 32.2×: cheap by its own standards. The Consumer Defensive median in the September 2026 study was 20.1×. Forward P/E is 17.1×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.03**. A PEG of 0.03 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.9×**. Each dollar of revenue is priced at 0.9×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 2.3×**. The shares trade at 2.3× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 10.8×**. Enterprise value is 10.8× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 6.4%** (5-yr avg 4.8%). Free cash flow equals 6.4% of the market value, above its five-year average of 4.8%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 4.3%**. The inverse of the P/E: 4.3% of the price is earned each year.

## Profitability
- **Gross margin: 18.3%**. Saputo Inc. keeps 18.3% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 6.2%**. 6.2% of revenue is left after running the business.
- **Net margin: 3.8%**. 3.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 9.9%**. 9.9% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 8.7%**. Return on all capital, debt included, is 8.7%.
- **Return on assets: 3.7%**. Each dollar of assets produces 3.7% of profit.

## Growth
- **Revenue growth (1 yr): -7.9%** (3-yr -0.5%/yr, 5-yr 4.2%/yr). Revenue fell 7.9% over the last year, against 4.2% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 488.1%** (3-yr 3.3%/yr, 5-yr 1.4%/yr). Earnings per share rose 488.1%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 45.3%/yr**. Free cash flow has compounded at 45.3% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.48**. Debt is 0.48 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 1.6×**. It would take 1.6 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 8.2×**. Operating profit covers interest 8.2× over, a safe margin.
- **Current ratio: 1.71** (quick 0.85). Current assets cover the next year's liabilities 1.71 times.
- **Altman Z-score: 3.84**. A Z-score of 3.84 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: 2.02%** (C$0.81 per share, trailing). Saputo Inc. yields 2.02%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 48%** (32% of free cash flow). 48% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 26**. 26 straight years of increases (the data covers 26 years, so this may be longer): a record very few companies hold.
- **Dividend growth (5 yr): 2.5%/yr** (1-yr 4.0%). The dividend has grown 2.5% a year over five years.
- **Shareholder yield: 7.5%**. Dividends plus net buybacks return 7.5% of the market value a year.

## Price and momentum
- **Total return (1 yr): 18.8%** (YTD -1.9%, 3-mo -5.9%). The shares are up 18.8% over twelve months including dividends.
- **From 52-week high: -11.0%** (23.5% above the low). Trading 11% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 43**. An RSI of 43 is neutral.
- **Beta (1 yr): 0.12** (volatility 24%). Beta of 0.12 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=SAP.TO · Page: https://foliofundamentals.com/stocks/sap.to

Not investment advice.