# Verizon CDR (CAD Hedged) (VZ.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Communication Services / Fixed & Integrated Telecom. Price C$18.90, market value C$244.9 billion.

## Valuation
- **P/E (trailing): 11.6×** (5-yr avg 13.0×, 3-yr avg 13.0×). Verizon CDR (CAD Hedged) trades at 11.6× trailing earnings, close to its own five-year average of 13.0×. The Communication Services median in the September 2026 study was 21.1×.
- **Price / sales: 1.8×**. Each dollar of revenue is priced at 1.8×.
- **Price / book: 3.2×**. The shares trade at 3.2× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 8.3×**. Enterprise value is 8.3× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 7.3%** (5-yr avg 8.8%). Free cash flow equals 7.3% of the market value, in line with its five-year average of 8.8%. Above 5% is generally attractive.
- **Earnings yield: 8.6%**. The inverse of the P/E: 8.6% of the price is earned each year.

## Profitability
- **Gross margin: 59.6%**. Verizon CDR (CAD Hedged) keeps 59.6% of revenue after the direct cost of what it sells.
- **Operating margin: 20.9%**. 20.9% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 12.4%**. 12.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 16.4%**. 16.4% on shareholders' equity is solid.
- **Return on invested capital: 8.4%**. Return on all capital, debt included, is 8.4%.
- **Return on assets: 4.1%**. Each dollar of assets produces 4.1% of profit.

## Growth
- **Revenue growth (1 yr): 2.5%** (3-yr 0.3%/yr). Revenue grew 2.5% over the last year.
- **EPS growth (1 yr): -1.9%** (3-yr -7.1%/yr). Earnings per share fell 1.9%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): 23.7%/yr**. Free cash flow has compounded at 23.7% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 1.74**. Debt is 1.74 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 3.3×**. It would take 3.3 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 3.8×**. Operating profit covers interest 3.8× over, a safe margin.
- **Current ratio: 0.91** (quick 0.87). 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: 1.41**. A Z-score of 1.41 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Verizon CDR (CAD Hedged) does not currently pay a dividend.

## Price and momentum
- **From 52-week high: -13.5%** (14.5% above the low). Trading 14% 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): 49**. An RSI of 49 is neutral.
- **Beta (1 yr): -0.40** (volatility 28%). Beta of -0.40 against the S&P/TSX Composite: the shares move much less than the market.

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

Not investment advice.