This report should not be construed as providing investment advice. It is for educational purposes only.  Before making any investment decision, you should always do your own research or consult a investment professional.
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Estimates Estimates Estimates
See my website on stocks or see my blog at the following sites.  www.spbrunner.com/stocks.html www.spbrunner.blogspot.com/ Q3 2020
PFB Corp TSX: PFB OTC: PFBOF https://www.pfbcorp.com/ Fiscal Yr: Dec 31
Year 12/31/08 12/31/09 12/31/10 12/31/11 12/31/12 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 12/31/21 12/31/22 12/31/23 Value Description #Y Item Total G
Accounting Rules C GAAP IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS Accounting Rules
$151.1 <-12 mths 12.13%
Revenue* $79.8 $65.9 $65.6 $89.2 $82.1 $84.5 $89.9 $99.1 $101.5 $105.6 $128.3 $133.2 $134.8 $154.0 $164.0 $174.0 105.54% <-Total Growth 10 Revenue
Increase -3.75% -17.39% -0.53% 35.96% -7.95% 3.01% 6.33% 10.27% 2.42% 3.99% 21.55% 3.81% 1.17% 14.25% 6.49% 6.10% 7.47% <-IRR #YR-> 10 Revenue 105.54%
5 year Running Average $74.7 $77.5 $74.5 $76.7 $76.5 $77.5 $82.3 $89.0 $91.4 $96.1 $104.9 $113.6 $120.7 $131.2 $142.9 $152.0 6.34% <-IRR #YR-> 5 Revenue 35.97%
Revenue per Share $12.14 $10.04 $9.92 $13.18 $12.13 $12.57 $13.39 $14.76 $15.12 $15.72 $19.11 $19.91 $19.83 $22.66 $24.13 $25.60 4.94% <-IRR #YR-> 10 5 yr Running Average 62.03%
Increase -3.64% -17.34% -1.19% 32.92% -7.95% 3.62% 6.47% 10.27% 2.42% 3.99% 21.55% 4.20% -0.40% 14.25% 6.49% 6.10% 6.29% <-IRR #YR-> 5 5 yr Running Average 35.67%
5 year Running Average $11.23 $11.68 $11.27 $11.58 $11.48 $11.57 $12.24 $13.21 $13.59 $14.31 $15.62 $16.92 $17.94 $19.45 $21.13 $22.43 7.18% <-IRR #YR-> 10 Revenue per Share 99.98%
P/S (Price/Sales) Med 0.51 0.51 0.61 0.45 0.51 0.46 0.35 0.49 0.60 0.57 0.46 0.54 0.81 0.97 0.00 0.00 6.08% <-IRR #YR-> 5 Revenue per Share 34.35%
P/S (Price/Sales) Close 0.29 0.54 0.58 0.44 0.43 0.39 0.31 0.71 0.60 0.58 0.50 0.64 1.13 1.18 1.11 1.04 4.76% <-IRR #YR-> 10 5 yr Running Average 59.17%
*Salesin M CDN $  P/S Med 20 yr  0.56 15 yr  0.51 10 yr  0.50 5 yr  0.57 135.58% Diff M/C 6.31% <-IRR #YR-> 5 5 yr Running Average 35.82%
-$65.6 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $134.8
-$99.1 $0.0 $0.0 $0.0 $0.0 $134.8
-$74.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $120.7
-$89.0 $0.0 $0.0 $0.0 $0.0 $120.7
-$9.92 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $19.83
-$14.76 $0.00 $0.00 $0.00 $0.00 $19.83
-$11.27 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $17.94
-$13.21 $0.00 $0.00 $0.00 $0.00 $17.94
$2.19 <-12 mths -7.59%
EPS Basic $0.11 $0.56 $0.28 $0.48 $0.02 $1.02 $0.14 $0.76 $0.70 $0.34 $0.92 $1.34 $2.44 771.43% <-Total Growth 10 EPS Basic
EPS Diluted* $0.11 $0.56 $0.28 $0.47 $0.02 $1.02 $0.14 $0.76 $0.70 $0.34 $0.92 $1.31 $2.37 $2.18 $2.69 $3.25 746.43% <-Total Growth 10 EPS Diluted
Increase -81.67% 409.09% -50.00% 67.86% -95.74% 5000.00% -86.27% 442.86% -7.89% -51.43% 170.59% 42.39% 80.92% -8.02% 23.39% 20.82% 10 0 10 Years of Data, EPS P or N 100.00%
Earnings Yield 3.1% 10.3% 4.9% 8.2% 0.4% 21.0% 3.3% 7.2% 7.7% 3.7% 9.7% 10.3% 10.5% 8.2% 10.1% 12.2% 23.81% <-IRR #YR-> 10 Earnings per Share 746.43%
5 year Running Average $0.55 $0.60 $0.47 $0.40 $0.29 $0.47 $0.39 $0.48 $0.53 $0.59 $0.57 $0.81 $1.13 $1.42 $1.89 $2.36 25.54% <-IRR #YR-> 5 Earnings per Share 211.84%
10 year Running Average $0.53 $0.52 $0.51 $0.49 $0.45 $0.51 $0.49 $0.48 $0.47 $0.44 $0.52 $0.60 $0.81 $0.98 $1.24 $1.47 9.20% <-IRR #YR-> 10 5 yr Running Average 141.03%
* Diluted ESP per share  E/P 10 Yrs 7.94% 5Yrs 9.68% 18.54% <-IRR #YR-> 5 5 yr Running Average 134.02%
-$0.28 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.37
-$0.76 $0.00 $0.00 $0.00 $0.00 $2.37
-$0.47 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.13
-$0.48 $0.00 $0.00 $0.00 $0.00 $1.13
Dividend* $3.41 $0.44 $0.44 Estimates Dividend*
Increase 821.62% -87.10% 0.00% Estimates Increase
Payout Ratio EPS 156.42% 16.36% 13.54% Estimates Payout Ratio EPS
Special Dividends $0.00 $0.00 $0.00 $0.00 $0.00 $1.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.00 $1.00 $3.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends
Dividend* $0.24 $0.24 $0.24 $0.24 $0.24 $0.24 $0.24 $0.24 $0.27 $0.29 $0.32 $0.35 $0.37 $0.41 $0.44 $0.44 54.17% <-Total Growth 10 Dividends
Increase 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 12.50% 7.41% 10.34% 9.38% 5.71% 10.81% 7.32% 0.00% 7 0 23 Years of data, Count P, N 30.43%
Average Increases 5 Year Running 12.00% 12.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.50% 3.98% 6.05% 7.93% 9.07% 8.73% 8.71% 6.64% 1.25% <-Median-> 10 Average Incr 5 Year Running
Dividends 5 Yr Running $0.25 $0.25 $0.24 $0.24 $0.24 $0.44 $0.44 $0.44 $0.45 $0.46 $0.27 $0.49 $0.72 $1.35 $1.38 $1.40 200.00% <-Total Growth 10 Dividends 5 Yr Running
Yield H/L Price 3.89% 4.72% 3.98% 4.08% 3.91% 4.17% 5.10% 3.29% 2.95% 3.23% 3.63% 3.25% 2.30% 1.87% 3.46% <-Median-> 10 Yield H/L Price
Yield on High  Price 2.51% 3.44% 3.56% 3.45% 3.39% 3.48% 4.11% 2.29% 2.57% 2.91% 3.28% 2.57% 1.58% 1.59% 3.10% <-Median-> 10 Yield on High  Price
Yield on Low Price 8.63% 7.55% 4.51% 4.99% 4.62% 5.22% 6.70% 5.84% 3.47% 3.61% 4.05% 4.43% 4.26% 2.28% 4.52% <-Median-> 10 Yield on Low Price
Yield on Close Price 6.82% 4.40% 4.17% 4.18% 4.57% 4.95% 5.73% 2.29% 2.97% 3.18% 3.37% 2.76% 1.64% 1.54% 1.65% 1.65% 3.28% <-Median-> 10 Yield on Close Price
Payout Ratio EPS 218.18% 42.86% 85.71% 51.06% 1200.00% 121.57% 171.43% 31.58% 38.57% 85.29% 34.78% 103.05% 57.81% 156.42% 16.36% 13.54% 71.55% <-Median-> 10 DPR EPS
DPR EPS 5 Yr Running 45.62% 42.62% 51.28% 59.41% 83.33% 93.62% 113.99% 91.29% 84.47% 77.03% 47.55% 61.29% 63.83% 94.66% 72.76% 59.41% 80.18% <-Median-> 10 DPR EPS 5 Yr Running
Payout Ratio CFPS 154.65% 14.15% 54.58% 24.69% 179.98% 384.43% 30.26% 12.32% 23.92% 24.97% 20.59% 51.51% 34.35% 125.37% 13.37% 11.73% 27.62% <-Median-> 10 DPR CF
DPR CF 5 Yr Running 31.54% 23.85% 28.71% 25.52% 35.33% 61.74% 82.68% 52.77% 51.55% 42.59% 20.65% 29.36% 34.44% 55.96% 48.61% 42.82% 38.96% <-Median-> 10 DPR CF 5 Yr Running
Payout Ratio CFPS WC 39.75% 19.39% 29.65% 31.49% 63.86% 204.22% 25.59% 13.86% 14.69% 26.72% 17.84% 47.51% 34.09% 192.66% 24.86% 24.86% 29.10% <-Median-> 10 DPR CF WC
DPR CF WC 5 Yr Running 27.16% 24.09% 24.64% 26.96% 31.67% 58.01% 63.00% 49.83% 40.61% 36.77% 18.41% 26.59% 31.10% 58.56% 56.51% 57.60% 34.22% <-Median-> 10 DPR CF WC 5 Yr Running
Median Values 10 Yr Med 10 Yr Cl 3.46% 3.28% 5 Yr Med 5 Yr Cl 3.23% 2.97% 5 Yr Med Payout 57.81% 24.97% 26.72% 9.04% <-IRR #YR-> 5 Dividends 54.17%
* Dividends per share  10 Yr Med and Cur. -52.31% -49.69% 5 Yr Med and Cur. -48.91% -44.46% Last Div Inc ---> $0.10 $0.11 10.00% 4.42% <-IRR #YR-> 10 Dividends 54.17%
Dividends Growth 15 2.93% <-IRR #YR-> 15 Dividends 54.17%
Dividends Growth 20 6.76% <-IRR #YR-> 20 Dividends 270.00%
Dividends Growth 25 5.85% <-IRR #YR-> 23 Dividends
Dividends Growth 5 -$0.24 $0.00 $0.00 $0.00 $0.00 $0.37 Dividends Growth 5
Dividends Growth 10 -$0.24 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.37 Dividends Growth 10
Dividends Growth 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.37 Dividends Growth 15
Dividends Growth 20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.37 Dividends Growth 20
Dividends Growth 25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.37 Dividends Growth 25
Historical Dividends Historical High Div 7.13% Low Div 1.50% Ave Div 4.32% Med Div 3.09% Close Div 3.02% Historical Dividends
High/Ave/Median Values Curr diff Exp. -76.89% Exp 9.86% Exp. -61.81% Exp. -46.67% Exp. -45.36% High/Ave/Median 
Future Dividend Yield Div Yd 2.54% earning in 5 Years at IRR of 9.0% Div Inc. 54.17% Future Dividend Yield
Future Dividend Yield Div Yd 3.92% earning in 10 Years at IRR of 9.0% Div Inc. 137.67% Future Dividend Yield
Future Dividend Yield Div Yd 6.04% earning in 15 Years at IRR of 9.0% Div Inc. 266.41% Future Dividend Yield
Yield if held 5 years 4.47% 4.29% 2.56% 2.29% 2.70% 3.89% 4.72% 3.98% 4.59% 4.73% 5.57% 7.43% 5.07% 4.48% 4.89% 4.99% 4.66% <-Median-> 10 Paid Median Price
Yield if held 10 years 4.14% 4.80% 6.15% 7.27% 4.64% 4.47% 4.29% 2.56% 2.57% 3.27% 5.19% 6.89% 6.13% 6.97% 7.17% 7.65% 4.55% <-Median-> 10 Paid Median Price
Yield if held 15 years 9.32% 8.97% 7.50% 4.44% 4.14% 4.80% 6.15% 8.18% 5.60% 5.96% 6.25% 3.94% 3.91% 4.96% 7.14% 5.78% <-Median-> 10 Paid Median Price
Yield if held 20 years 9.32% 8.97% 8.44% 5.37% 5.52% 7.00% 9.49% 12.42% 8.50% 8.19% 8.44% <-Median-> 7 Paid Median Price
Yield if held 25 years 13.59% 13.83% 12.81% 8.15% 7.59% 13.71% <-Median-> 2 Paid Median Price
Cost covered if held 5 years 23.28% 22.68% 12.79% 11.44% 13.52% 35.69% 43.31% 36.45% 37.93% 37.16% 23.65% 52.44% 49.28% 73.70% 76.64% 79.43% 36.81% <-Median-> 10 Paid Median Price
Cost covered if held 10 years 69.66% 83.60% 78.72% 73.03% 46.96% 64.25% 61.96% 36.25% 32.70% 39.21% 57.75% 91.93% 96.11% 152.55% 149.47% 145.57% 59.85% <-Median-> 10 Paid Median Price
Cost covered if held 15 years 173.98% 176.45% 155.00% 94.44% 107.59% 127.60% 135.13% 140.61% 91.01% 89.57% 106.07% 74.63% 96.95% 116.85% 171.45% 106.83% <-Median-> 10 Paid Median Price
Cost covered if held 20 years 259.42% 258.69% 224.69% 136.67% 131.03% 177.00% 227.44% 344.85% 224.15% 220.11% 224.69% <-Median-> 7 Paid Median Price
Cost covered if held 25 years 355.34% 393.27% 435.31% 264.26% 251.90% 374.31% <-Median-> 2 Paid Median Price
Graham No. $3.99 $9.25 $6.56 $8.39 $1.70 $12.03 $4.47 $11.13 $11.01 $7.61 $13.21 $15.66 $22.05 $22.60 $25.10 $27.59 236.08% <-Total Growth 10 Graham Number
Price/GP Ratio Med 1.54 0.55 0.92 0.70 3.60 0.48 1.05 0.66 0.83 1.18 0.67 0.69 0.73 0.97 0.72 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 2.39 0.75 1.03 0.83 4.15 0.57 1.31 0.94 0.95 1.31 0.74 0.87 1.06 1.14 0.95 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 0.70 0.34 0.81 0.57 3.06 0.38 0.80 0.37 0.71 1.06 0.60 0.50 0.39 0.80 0.59 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 0.88 0.59 0.88 0.68 3.08 0.40 0.94 0.94 0.83 1.20 0.72 0.81 1.02 1.18 1.06 0.97 0.88 <-Median-> 10 Price/GP Ratio
Prem/Disc Close -11.88% -41.07% -12.35% -31.59% 208.49% -59.67% -6.29% -5.68% -17.31% 19.73% -28.10% -19.14% 2.05% 18.16% 6.37% -3.22% -11.80% <-Median-> 10 Graham Price
Price Close $3.52 $5.45 $5.75 $5.74 $5.25 $4.85 $4.19 $10.50 $9.10 $9.11 $9.50 $12.66 $22.50 $26.70 $26.70 $26.70 291.30% <-Total Growth 10 Stock Price
Increase -61.70% 54.83% 5.50% -0.17% -8.54% -7.62% -13.61% 150.60% -13.33% 0.11% 4.28% 33.26% 77.73% 18.67% 0.00% 0.00% 13.55 <-Median-> 10 CAPE (10 Yr P/E)
P/E 32.00 9.73 20.54 12.21 262.50 4.75 29.93 13.82 13.00 26.79 10.33 9.66 9.49 12.25 9.93 8.22 16.47% <-IRR #YR-> 5 Stock Price 114.29%
Trailing P/E 5.87 49.55 10.27 20.50 11.17 242.50 4.11 75.00 11.97 13.01 27.94 13.76 17.18 11.27 12.25 9.93 14.62% <-IRR #YR-> 10 Stock Price 291.30%
CAPE (10 Yr P/E) 11.93 12.15 13.01 13.79 15.26 13.33 13.67 13.46 13.64 14.42 13.33 12.86 11.60 11.72 10.93 10.75 20.84% <-IRR #YR-> 5 Price & Dividend 162.18%
Median 10, 5 Yrs D.  per yr 5.15% 4.38% % Tot Ret 26.05% 20.99% T P/E 15.47 13.76 P/E:  12.61 10.33 19.77% <-IRR #YR-> 10 Price & Dividend 428.05%
Price  15 D.  per yr 2.45% % Tot Ret 42.17% CAPE Diff -9.60% 3.36% <-IRR #YR-> 15 Stock Price 64.23%
Price  20 D.  per yr 6.99% % Tot Ret 39.54% 10.69% <-IRR #YR-> 20 Stock Price 662.71%
Price  25 D.  per yr 6.39% % Tot Ret 41.70% 8.93% <-IRR #YR-> 25 Stock Price 749.06%
Price  30 D.  per yr 5.52% % Tot Ret 38.13% 8.96% <-IRR #YR-> 27 Stock Price
Price & Dividend 15 5.82% <-IRR #YR-> 15 Price & Dividend 115.33%
Price & Dividend 20 17.68% <-IRR #YR-> 20 Price & Dividend 963.39%
Price & Dividend 25 15.32% <-IRR #YR-> 25 Price & Dividend 1146.04%
Price & Dividend 30 14.48% <-IRR #YR-> 27 Price & Dividend
Price  5 -$10.50 $0.00 $0.00 $0.00 $0.00 $22.50 Price  5
Price 10 -$5.75 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $22.50 Price 10
Price & Dividend 5 -$10.50 $0.27 $0.29 $0.32 $1.35 $23.87 Price & Dividend 5
Price & Dividend 10 -$5.75 $0.24 $0.24 $1.24 $0.24 $0.24 $0.27 $0.29 $0.32 $1.35 $23.87 Price & Dividend 10
Price  15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $22.50 Price  15
Price  20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $22.50 Price  20
Price  25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $22.50 Price  25
Price  30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $22.50 Price  30
Price & Dividend 15 $0.24 $0.24 $0.24 $0.24 $0.24 $1.24 $0.24 $0.24 $0.27 $0.29 $0.32 $1.35 $23.87 Price & Dividend 15
Price & Dividend 20 $0.24 $0.24 $0.24 $0.24 $0.24 $1.24 $0.24 $0.24 $0.27 $0.29 $0.32 $1.35 $23.87 Price & Dividend 20
Price & Dividend 25 $0.24 $0.24 $0.24 $0.24 $0.24 $1.24 $0.24 $0.24 $0.27 $0.29 $0.32 $1.35 $23.87 Price & Dividend 25
Price & Dividend 30 $0.24 $0.24 $0.24 $0.24 $0.24 $1.24 $0.24 $0.24 $0.27 $0.29 $0.32 $1.35 $23.87 Price & Dividend 30
Price H/L Median $6.17 $5.08 $6.04 $5.88 $6.14 $5.75 $4.71 $7.31 $9.15 $8.99 $8.83 $10.76 $16.08 $21.89 166.45% <-Total Growth 10 Stock Price
Increase -30.54% -17.60% 18.80% -2.57% 4.34% -6.28% -18.09% 55.10% 25.19% -1.69% -1.84% 21.87% 49.51% 36.10% 17.09% <-IRR #YR-> 5 Stock Price 120.12%
P/E 56.05 9.07 21.55 12.51 306.75 5.64 33.64 9.61 13.06 26.44 9.59 8.21 6.78 10.04 10.30% <-IRR #YR-> 10 Stock Price 166.45%
Trailing P/E 10.28 46.18 10.78 21.00 13.05 287.50 4.62 52.18 12.03 12.84 25.96 11.69 12.27 9.23 23.24% <-IRR #YR-> 5 Price & Dividend 169.40%
P/E on Run. 5 yr Ave 11.25 8.52 12.90 14.55 21.30 12.23 12.20 15.16 17.32 15.19 15.43 13.34 14.26 15.37 16.03% <-IRR #YR-> 10 Price & Dividend 262.55%
P/E on Run. 10 yr Ave 11.70 9.71 11.83 11.90 13.76 11.30 9.59 15.38 19.62 20.43 16.94 18.05 19.98 22.42 10.35 P/E Ratio Historical Median
Median 10, 5 Yrs D.  per yr 5.73% 6.14% % Tot Ret 35.77% 26.44% T P/E 12.95 12.27 P/E:  11.06 9.59 Count 27 Years of data
-$7.31 $0.00 $0.00 $0.00 $0.00 $16.08
-$6.04 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $16.08
-$7.31 $0.27 $0.29 $0.32 $1.35 $17.45
-$6.04 $0.24 $0.24 $1.24 $0.24 $0.24 $0.27 $0.29 $0.32 $1.35 $17.45
High Months Jan Oct May Mar Jul Mar Apr Dec Jan May Nov  Dec Dec Jul
Price High $9.55 $6.98 $6.75 $6.95 $7.07 $6.90 $5.84 $10.50 $10.50 $9.95 $9.75 $13.61 $23.48 $25.80 247.85% <-Total Growth 10 Stock Price
Increase -9.05% -26.91% -3.30% 2.96% 1.73% -2.40% -15.36% 79.79% 0.00% -5.24% -2.01% 39.59% 72.52% 9.88% 13.28% <-IRR #YR-> 10 Stock Price 247.85%
P/E 86.82 12.46 24.11 14.79 353.50 6.76 41.71 13.82 15.00 29.26 10.60 10.39 9.91 11.83 17.46% <-IRR #YR-> 5 Stock Price 123.62%
Trailing P/E 15.92 63.45 12.05 24.82 15.04 345.00 5.73 75.00 13.82 14.21 28.68 14.79 17.92 10.89 14.30 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 16.48 14.79 P/E:  14.30 10.60 23.32 P/E Ratio Historical High
-$6.75 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $23.48
-$10.50 $0.00 $0.00 $0.00 $0.00 $23.48
Low Months Nov Apr Aug Oct Dec Jun Oct Jan Apr Aug Mar Mar Mar Aug
Price Low $2.78 $3.18 $5.32 $4.81 $5.20 $4.60 $3.58 $4.11 $7.79 $8.03 $7.90 $7.90 $8.68 $17.97 63.16% <-Total Growth 10 Stock Price
Increase -61.66% 14.39% 67.30% -9.59% 8.11% -11.54% -22.17% 14.80% 89.54% 3.08% -1.62% 0.00% 9.87% 107.03% 5.02% <-IRR #YR-> 10 Stock Price 63.16%
P/E 25.27 5.68 19.00 10.23 260.00 4.51 25.57 5.41 11.13 23.62 8.59 6.03 3.66 8.24 16.13% <-IRR #YR-> 5 Stock Price 111.19%
Trailing P/E 4.63 28.91 9.50 17.18 11.06 230.00 3.51 29.36 10.25 11.47 23.24 8.59 6.63 7.58 8.39 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 11.27 10.25 P/E:  9.41 8.59 5.37 P/E Ratio Historical Low
-$5.32 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $8.68
-$4.11 $0.00 $0.00 $0.00 $0.00 $8.68
$20 <-12 mths -19.88%
Free Cash Flow MS $1.00 $5.19 -$4.75 $1.27 $3.13 $10.81 $4.52 -$13.20 $9.87 $14.61 $25.52 $18.40 $22.70 $26.00 2452.00% <-Total Growth 10 Free Cash Flow
Change 419.00% -191.52% 126.74% 146.46% 245.37% -58.19% -392.06% 174.77% 48.00% 74.70% -27.90% 23.37% 14.54% 18.74% <-IRR #YR-> 5 Free Cash Flow MS 136.08%
FCF/CF from Op Ratio 0.34 0.79 -5.27 0.59 0.59 0.83 0.60 -1.69 0.95 0.83 0.94 1.00 1.02 1.02 38.26% <-IRR #YR-> 10 Free Cash Flow MS 2452.00%
Dividends paid $1.61 $1.61 $1.81 $1.95 $2.15 $9.04 $9.29 $23.18 $2.99 $2.99 476.07% <-Total Growth 6 Dividends paid
Percentage paid 14.91% 40.11% -14.76% 21.78% 61.91% 36.41% 125.97% 13.17% 11.50% $0.29 <-Median-> 6 Percentage paid
5 Year Coverage 62.27% 58.69% 82.63% 51.21% 44.29% 5 Year Covrage
Dividend Coverage Ratio 6.71 2.49 -6.78 4.59 1.62 2.75 0.79 7.59 8.69 2.62 <-Median-> 6 Dividend Coverage Ratio
5 Year of Covereage 1.61 1.70 1.21 1.95 2.26 5 Year of Coverage
-$10.81 $0.00 $0.00 $0.00 $0.00 $25.52
-$1.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $25.52
$19 <-12 mths -23.66%
Free Cash Flow WSJ $1.94 $9.71 $3.44 -$13.20 $8.72 $14.61 $24.51 $18.40 $22.70 $26.00 1166.41% <-Total Growth 6 Free Cash Flow WSJ
Change 401.81% -64.62% -484.31% 166.02% 67.62% 67.75% -24.91% 23.37% 14.54% 20.34% <-IRR #YR-> 5 Free Cash Flow WSJ
FCF/CF from Op Ratio 0.36 0.74 0.45 -1.69 0.84 0.83 0.90 1.00 1.02 1.02 52.67% <-IRR #YR-> 6 Free Cash Flow WSJ
Dividends paid $1.61 $1.61 $1.81 $1.95 $2.15 $9.04 $9.29 $2.79 $2.99 $2.99 476.07% <-Total Growth 6 Dividends paid
Percentage paid 83.36% 16.60% 52.78% -14.76% 24.67% 61.91% 37.92% 15.15% 13.17% 11.50% $0.38 <-Median-> 7 Percentage paid
5 Year Coverage 71.20% 63.70% 47.56% 29.53% 25.52% 5 Year Covrage
Dividend Coverage Ratio 1.62 2.64 6.60 7.59 8.69 2.13 <-Median-> 2 Dividend Coverage Ratio
5 Year of Coverage 1.40 1.57 2.10 3.39 3.92 5 Year of Coverage
-$10 $0 $0 $0 $0 $25
-$2 $0 $0 $0 $0 $0 $25
Long Term Debt $14.10 $14.09 $13.90 $8.57 $8.22 $7.86 $7.48 $7.58 (current) Debt
Change -0.06% -1.30% -38.38% -4.07% -4.40% -4.75% 1.27% -4.24% <-Median-> 6 Change
Debt/Market Cap Ratio 0.50 0.20 0.23 0.14 0.13 0.09 0.05 0.04 0.14 <-Median-> 7 % of Market C.
Assets/Current Liabilities Ratio 6.53 5.56 6.84 5.42 4.76 4.81 4.43 3.26 5.42 <-Median-> 7 Assets/Current Liab Ratio
Debt to Cash Flow (Years) 2.65 1.08 1.83 1.10 0.79 0.45 0.28 0.41 1.08 <-Median-> 7 Debt to Cash Flow (Years)
Intangibles $1.46 $1.51 $1.37 $1.30 $1.52 $1.50 $1.41 $1.45 $1.54 $1.41 $1.34 $1.45 <-Median-> 10 Intangibles
Goodwill    $1.73 $1.88 $1.97 $2.09 $2.39 $2.33 $2.22 $2.36 $2.28 $2.24 $2.24 $2.23 <-Median-> 10 Goodwill   
Goodwill & Intangibles $3.19 $3.39 $3.34 $3.39 $3.91 $3.83 $3.62 $3.81 $3.82 $3.65 $3.58 Intangibles Goodwill
Change 6.30% -1.62% 1.65% 15.19% -2.00% -5.38% 5.11% 0.21% -4.30% -1.86% 0.21% <-Median-> 9 Change
Intangible/Market Cap Ratio 0.08 0.10 0.10 0.12 0.06 0.06 0.06 0.06 0.05 0.02 0.02 0.06 <-Median-> 10 % of Market C.
Market Cap $23.1 $35.8 $38.0 $38.8 $35.5 $32.6 $28.1 $70.5 $61.1 $61.2 $63.8 $84.7 $152.9 $181.5 $181.5 $181.5 302.20% <-Total Growth 10 Market Cap
Diluted # of Shares in Million 6.59 6.571 6.599 6.772 6.764 6.709 6.719 6.716 6.716 6.716 6.732 6.908 6.924 7.121 4.93% <-Total Growth 10 Diluted
Change 1.86% -0.27% 0.42% 2.62% -0.11% -0.81% 0.15% -0.05% 0.00% 0.00% 0.25% 2.60% 0.24% 2.84% 0.07% <-Median-> 10 Change
Difference Diluted/Basic -0.1% 0.0% 0.0% -2.5% -2.5% 0.0% -0.1% 0.0% 0.0% 0.0% -0.2% -2.7% -2.8% -4.5% Difference Diluted/Basic
Basic # of Shares in Millions 6.58 6.57 6.60 6.605 6.598 6.709 6.709 6.716 6.716 6.716 6.716 6.721 6.733 6.797 2.02% <-Total Growth 10 Basic
Change 2.05% -0.14% 0.46% 0.08% -0.12% 1.70% 0.00% 0.10% 0.00% 0.00% 0.00% 0.07% 0.18% 0.95% 0.04% <-Median-> 10 Change
Difference Basic/Outstanding -0.1% 0.0% 0.2% 2.4% 2.5% 0.2% 0.1% 0.0% 0.0% 0.0% 0.0% -0.4% 1.0% 0.0% 0.05% <-Median-> 10 Difference Basic/Outstanding
$18.46 <-12 mths -32.40%
# of Share in Millions 6.573 6.569 6.613 6.764 6.764 6.724 6.716 6.716 6.716 6.716 6.716 6.691 6.797 6.797 6.797 6.797 0.28% <-IRR #YR-> 10 Shares 2.78%
Change -0.12% -0.06% 0.67% 2.29% 0.00% -0.59% -0.12% 0.00% 0.00% 0.00% 0.00% -0.37% 1.58% 0.00% 0.00% 0.00% 0.24% <-IRR #YR-> 5 Shares 1.21%
CF fr Op $M $1.020 $11.138 $2.908 $6.576 $0.902 $2.169 $5.327 $13.082 $7.582 $7.799 $10.437 $17.537 $27.110 $18.49 $22.36 $25.49 832.26% <-Total Growth 10 Cash Flow
Increase -89.23% 991.96% -73.89% 126.13% -86.28% 140.47% 145.60% 145.58% -42.04% 2.86% 33.82% 68.03% 54.59% -31.80% 20.96% 13.98% S Issue, SO Buy Backs
5 year Running Average $5.28 $7.06 $5.51 $6.22 $4.51 $4.74 $3.58 $5.61 $5.81 $7.19 $8.85 $11.29 $14.09 $16.27 $19.19 $22.20 155.68% <-Total Growth 10 CF 5 Yr Running
CFPS $0.16 $1.70 $0.44 $0.97 $0.13 $0.32 $0.79 $1.95 $1.13 $1.16 $1.55 $2.62 $3.99 $2.72 $3.29 $3.75 807.00% <-Total Growth 10 Cash Flow per Share
Increase -89.22% 992.59% -74.07% 121.07% -86.28% 141.89% 145.90% 145.58% -42.04% 2.86% 33.82% 68.66% 52.18% -31.80% 20.96% 13.98% 25.01% <-IRR #YR-> 10 Cash Flow 832.26%
5 year Running Average $0.79 $1.07 $0.84 $0.94 $0.68 $0.71 $0.53 $0.83 $0.87 $1.07 $1.32 $1.68 $2.09 $2.41 $2.83 $3.27 15.69% <-IRR #YR-> 5 Cash Flow 107.23%
P/CF on Med Price 39.73 3.00 13.72 6.05 46.01 17.83 5.94 3.75 8.10 7.74 5.68 4.10 4.03 8.05 0.00 0.00 24.67% <-IRR #YR-> 10 Cash Flow per Share 807.00%
P/CF on Closing Price 22.68 3.21 13.08 5.90 39.37 15.04 5.28 5.39 8.06 7.84 6.11 4.83 5.64 9.82 8.12 7.12 15.41% <-IRR #YR-> 5 Cash Flow per Share 104.76%
63.79% Diff M/C 9.60% <-IRR #YR-> 10 CFPS 5 yr Running 150.08%
$20.01 <-12 mths -26.75%
Excl.Working Capital CF $2.95 -$3.01 $2.44 -$1.42 $1.64 $1.91 $0.97 -$1.45 $4.76 -$0.51 $1.61 $1.48 $0.20 $0.00 $0.00 $0.00 20.18% <-IRR #YR-> 5 CFPS 5 yr Running 150.74%
CF fr Op $M WC $4.0 $8.1 $5.4 $5.2 $2.5 $4.1 $6.3 $11.6 $12.3 $7.3 $12.0 $19.0 $27.3 $18.5 $22.4 $25.5 410.33% <-Total Growth 10 Cash Flow less WC
Increase -41.93% 104.91% -34.18% -3.66% -50.70% 60.62% 54.25% 84.71% 6.09% -40.95% 65.30% 57.82% 43.66% -32.31% 20.96% 13.98% 17.70% <-IRR #YR-> 10 Cash Flow less WC 410.33%
5 year Running Average $6.14 $7.00 $6.44 $5.89 $5.03 $5.05 $4.69 $5.94 $7.38 $8.33 $9.92 $12.46 $15.60 $16.83 $19.84 $22.53 18.61% <-IRR #YR-> 5 Cash Flow less WC 134.79%
CFPS Excl. WC $0.60 $1.24 $0.81 $0.76 $0.38 $0.61 $0.94 $1.73 $1.84 $1.09 $1.79 $2.84 $4.02 $1.77 $1.77 $1.77 9.25% <-IRR #YR-> 10 CF less WC 5 Yr Run 142.20%
Increase -41.86% 105.03% -34.62% -5.82% -50.70% 61.57% 54.44% 84.71% 6.09% -40.95% 65.30% 58.40% 41.42% -55.95% 0.00% 0.00% 21.29% <-IRR #YR-> 5 CF less WC 5 Yr Run 162.53%
5 year Running Average $0.92 $1.05 $0.97 $0.89 $0.76 $0.76 $0.70 $0.88 $1.10 $1.24 $1.48 $1.86 $2.32 $2.30 $2.44 $2.43 17.38% <-IRR #YR-> 10 CFPS - Less WC 396.50%
P/CF on Med Price 10.21 4.10 7.46 7.71 16.33 9.47 5.02 4.22 4.98 8.28 4.92 3.79 4.00 12.36 0.00 0.00 18.33% <-IRR #YR-> 5 CFPS - Less WC 131.99%
P/CF on Closing Price 5.83 4.40 7.10 7.53 13.97 7.99 4.47 6.06 4.95 8.40 5.30 4.46 5.60 15.08 15.08 15.08 9.05% <-IRR #YR-> 10 CFPS 5 yr Running 137.74%
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 5.99 5 yr  5.68 P/CF Med 10 yr 5.00 5 yr  4.92 201.73% Diff M/C 21.26% <-IRR #YR-> 5 CFPS 5 yr Running 162.20%
-6.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6.8 Shares
-6.7 0.0 0.0 0.0 0.0 6.8 Shares
-$2.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $27.1 Cash Flow
-$13.1 $0.0 $0.0 $0.0 $0.0 $27.1 Cash Flow
-$0.44 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.99 Cash Flow per Share
-$1.95 $0.00 $0.00 $0.00 $0.00 $3.99 Cash Flow per Share
-$0.84 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.09 CFPS 5 yr Running
-$0.83 $0.00 $0.00 $0.00 $0.00 $2.09 CFPS 5 yr Running
-$5.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $27.3 Cash Flow less WC
-$11.6 $0.0 $0.0 $0.0 $0.0 $27.3 Cash Flow less WC
-$6.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $15.6 CF less WC 5 Yr Run
-$5.9 $0.0 $0.0 $0.0 $0.0 $15.6 CF less WC 5 Yr Run
-$0.81 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.02 CFPS - Less WC
-$1.73 $0.00 $0.00 $0.00 $0.00 $4.02 CFPS - Less WC
-$0.97 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.32 CFPS 5 yr Running
-$0.88 $0.00 $0.00 $0.00 $0.00 $2.32 CFPS 5 yr Running
Changes in non-cash working capital $1.092 -$2.203 -$1.314 $0.131
Trade Receivables $1.396 -$0.108 -$2.166 -$3.273 $2.336 $0.054
Inventories -$1.175 $0.059 $0.012 -$1.640 $0.040 $1.537
Prepaid Expenses -$0.169 -$0.179 $0.110 $0.100 -$0.095 -$0.077
Contract Costs $0.052 -$0.012 -$0.245
Trade and other Payables $1.814 -$0.520 $1.834 $2.157 -$0.570 $1.337
Contract Liabilites $1.306 -$0.521 $1.776
Deferred Revenue $0.692 -$0.587 $0.857
Income taxes paid -$0.699 -$1.280 -$1.272 -$3.582 -$0.144 -$0.312 -$2.653 -$4.585
Unrealized foreign exchange gain relating to non-cash working capital $0.049 -$0.058 $0.099
Changes in deferred operating lease obligations/Changes in long-term trade receivables $0.621 $0.178 $0.163 $0.157 $0.008
$0.492
-$0.152
                   
Total $1.481 -$1.640 -$1.914 -$0.971 $1.449 -$4.760 $0.511 -$1.610 -$1.475 -$0.203
Google --> TD $1.42 -$2.23 -$1.91 -$0.97 $1.45 -$4.76 $1 -$2 -$1 $0
Difference $0.06 $0.59 $0.00 $0.00 $0.00 $0.00 $0 $0 $0 $0
TD -$2 -$1 $1 -$5 -$3.00
Difference $0 $0 $0 $0 in 2020
OPM Ratio 1.28% 16.89% 4.43% 7.38% 1.10% 2.57% 5.93% 13.20% 7.47% 7.39% 8.13% 13.16% 20.11% 12.01% 353.55% <-Total Growth 10 OPM
Increase -88.81% 1222% -73.75% 66.32% -85.10% 133.44% 130.97% 122.71% -43.41% -1.09% 10.10% 61.86% 52.79% -40.31% Should increase  or be stable.
Diff from Ave -82.8% 127.5% -40.3% -0.7% -85.2% -65.5% -20.2% 77.7% 0.5% -0.5% 9.5% 77.2% 170.8% 61.6% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 7.43% 5 Yrs 8.13% should be  zero, it is a   check on calculations
Current Assets $21.77 $24.61 $24.68 $24.17 $21.82 $26.72 $27.55 $34.82 $36.44 $33.36 $44.05 $44.35 $56.34 $71.27 Liquidity ratio of 1.5 and up, best
Current Liabilities $9.83 $9.44 $8.62 $12.20 $14.71 $10.08 $10.60 $14.19 $11.52 $14.52 $18.64 $19.26 $22.91 $35.16 2.41 <-Median-> 10 Ratio
Liquidity 2.22 2.61 2.86 1.98 1.48 2.65 2.60 2.45 3.16 2.30 2.36 2.30 2.46 2.03 2.36 <-Median-> 5 Ratio
Liq. with CF aft div 2.16 3.62 3.02 2.39 1.43 2.04 2.95 3.26 3.66 2.70 2.81 2.74 3.24 1.89 2.81 <-Median-> 5 Ratio
Liq. CF re  Inv+Div  1.03 3.06 2.51 1.87 1.02 2.04 2.49 2.66 2.98 1.66 2.42 2.53 2.91 1.89 2.53 <-Median-> 5 Ratio
Assets $61.67 $63.25 $62.86 $67.53 $62.87 $68.90 $69.25 $78.84 $78.84 $78.77 $88.83 $92.70 $101.51 $114.46 Debt Ratio of 1.5 and up, best
Liabilities $19.29 $18.67 $17.68 $22.50 $19.33 $26.52 $26.63 $30.18 $27.19 $27.95 $32.20 $37.06 $39.54 $43.71 2.69 <-Median-> 10 Ratio
Debt Ratio 3.20 3.39 3.55 3.00 3.25 2.60 2.60 2.61 2.90 2.82 2.76 2.50 2.57 2.62 2.76 <-Median-> 5 Ratio
Book Value $42.38 $44.59 $45.18 $45.03 $43.54 $42.38 $42.62 $48.67 $51.65 $50.83 $56.64 $55.64 $61.97 $70.75 $70.75 $70.75 37.16% <-Total Growth 10 Book Value
Book Value per share $6.45 $6.79 $6.83 $6.66 $6.44 $6.30 $6.35 $7.25 $7.69 $7.57 $8.43 $8.32 $9.12 $10.41 $10.41 $10.41 33.45% <-Total Growth 10 Book Value per Share
Change -1.80% 5.28% 0.65% -2.55% -3.32% -2.09% 0.70% 14.19% 6.12% -1.59% 11.43% -1.38% 9.62% 14.18% 0.00% 0.00% 135.43% P/B Ratio Current/Historical Median
P/B Ratio (Median) 0.96 0.75 0.88 0.88 0.95 0.91 0.74 1.01 1.19 1.19 1.05 1.29 1.76 2.10 0.00 0.00 1.09 P/B Ratio Historical Median
P/B Ratio (Close) 0.55 0.80 0.84 0.86 0.82 0.77 0.66 1.45 1.18 1.20 1.13 1.52 2.47 2.56 2.56 2.56 2.93% <-IRR #YR-> 10 Book Value per Share 33.45%
Change -60.99% 47.06% 4.83% 2.44% -5.39% -5.65% -14.21% 119.46% -18.33% 1.73% -6.42% 35.13% 62.12% 3.93% 0.00% 0.00% 4.70% <-IRR #YR-> 5 Book Value per Share 25.81%
Leverage (A/BK) 1.46 1.42 1.39 1.50 1.44 1.63 1.62 1.62 1.53 1.55 1.57 1.67 1.64 1.62 0.00 0.00 1.59 <-Median-> 10 A/BV
Debt/Equity Ratio 0.46 0.42 0.39 0.50 0.44 0.63 0.62 0.62 0.53 0.55 0.57 0.67 0.64 0.62 0.00 0.00 0.59 <-Median-> 10 Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 1.03 5 yr Med 1.19 149.69% Diff M/C 1.44 Historical Leverage (A/BK)
-$6.83 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $9.12
-$7.25 $0.00 $0.00 $0.00 $0.00 $9.12
$14.17 <-12 mths -8.59%
Comprehensive Income $0.70 $3.69 $1.87 $3.21 $0.13 $6.79 $1.90 $7.66 $4.79 $1.13 $7.92 $8.01 $15.50 727.16% <-Total Growth 10 Comprehensive Income
Increase -82.07% 427.14% -49.21% 71.34% -96.01% 5203.91% -72.09% 304.17% -37.45% -76.48% 602.48% 1.20% 93.47% 1.2% <-Median-> 5 Comprehensive Income
5 Yr Running Average $3.46 $3.82 $3.03 $2.68 $1.92 $3.14 $2.78 $3.94 $4.25 $4.45 $4.68 $5.90 $7.47 23.53% <-IRR #YR-> 10 Comprehensive Income 727.16%
ROE 1.7% 8.3% 4.1% 7.1% 0.3% 16.0% 4.4% 15.7% 9.3% 2.2% 14.0% 14.4% 25.0% 15.14% <-IRR #YR-> 5 Comprehensive Income 102.39%
5Yr Median 9.0% 9.0% 8.3% 7.1% 4.1% 7.1% 4.4% 7.1% 9.3% 9.3% 9.3% 14.0% 14.0% 9.45% <-IRR #YR-> 10 5 Yr Running Average
% Difference from NI 0.0% 0.0% 0.0% -0.3% 3.2% -0.6% 106.7% 50.5% 2.2% -50.6% 27.9% -11.2% -5.6% 13.67% <-IRR #YR-> 5 5 Yr Running Average 89.76%
Median Values Diff 5, 10 yr 1.0% -5.6% 14.0% <-Median-> 5 Return on Equity
-$1.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $15.5
-$7.7 $0.0 $0.0 $0.0 $0.0 $15.5
-$3.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $7.5
-$3.9 $0.0 $0.0 $0.0 $0.0 $7.5
Current Liability Coverage Ratio 0.40 0.86 0.62 0.42 0.17 0.40 0.59 0.82 1.07 0.50 0.65 0.99 1.19 0.53   CFO / Current Liabilities
5 year Median 0.53 0.56 0.62 0.53 0.42 0.42 0.42 0.42 0.59 0.59 0.65 0.82 0.99 0.65 0.99 <-Median-> 5 Current Liability Cov Ratio
Asset Efficiency Ratio 6.43% 12.85% 8.51% 7.64% 4.04% 5.93% 9.09% 14.75% 15.66% 9.25% 13.56% 20.51% 26.91% 16.15% CFO / Total Assets
5 year Median 11.73% 12.85% 11.73% 8.51% 7.64% 7.64% 7.64% 7.64% 9.09% 9.25% 13.56% 14.75% 15.66% 16.15% 15.7% <-Median-> 5 Return on Assets 
Return on Assets ROA 0.0% 0.1% 0.1% 0.1% 0.0% 0.2% 0.0% 0.1% 0.1% 0.1% 0.1% 0.2% 0.3% 0.2% Net  Income/Assets Return on Assets
5Yr Median 0.2% 0.2% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.2% 0.1% <-Median-> 5 Asset Efficiency Ratio
Return on Equity ROE 1.7% 8.3% 4.1% 7.2% 0.3% 16.1% 2.2% 10.5% 9.1% 4.5% 10.9% 16.2% 26.5% 21.9% Net Inc/ Shareholders' equity Return on Equity
5Yr Median 9.0% 9.0% 8.3% 7.2% 4.1% 7.2% 4.1% 7.2% 9.1% 9.1% 9.1% 10.5% 10.9% 16.2% 10.9% <-Median-> 5 Return on Equity
$5.72 <-12 mths -65.17%
Net Income $0.70 $3.69 $1.87 $3.22 $0.12 $6.83 $0.92 $5.09 $4.69 $2.28 $6.19 $9.03 $16.42 $15.5 $19.2 $23.1 776.20% <-Total Growth 10 Net Income
Increase -82.07% 427.14% -49.21% 71.82% -96.15% 5409.68% -86.58% 454.85% -7.86% -51.34% 171.33% 45.84% 81.92% -5.60% 23.87% 20.31% EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $3.5 $3.8 $3.0 $2.7 $1.9 $3.1 $2.6 $3.2 $3.5 $4.0 $3.8 $5.5 $7.7 $9.9 $13.3 $16.6 24.24% <-IRR #YR-> 10 Net Income 776.20%
Operating Cash Flow $1.02 $11.14 $2.91 $6.58 $0.90 $2.17 $5.33 $13.08 $7.58 $7.80 $10.44 $17.54 $27.11 26.41% <-IRR #YR-> 5 Net Income 222.72%
Investment Cash Flow -$10.84 -$1.74 -$1.74 -$3.35 -$6.06 $8.99 -$1.94 -$3.21 -$2.63 -$9.11 -$2.94 -$1.61 -$2.57 9.81% <-IRR #YR-> 10 5 Yr Running Average 154.91%
Total Accruals $10.52 -$5.70 $0.71 $0.00 $5.28 -$4.33 -$2.47 -$4.79 -$0.27 $3.60 -$1.31 -$6.90 -$8.12 18.99% <-IRR #YR-> 5 5 Yr Running Average 138.58%
Total Assets $61.67 $63.25 $62.86 $67.53 $62.87 $68.90 $69.25 $78.84 $78.84 $78.77 $88.83 $92.70 $101.51 Balance Sheet Assets
Accruals Ratio 17.06% -9.02% 1.13% -0.01% 8.40% -6.28% -3.57% -6.07% -0.34% 4.57% -1.47% -7.44% -8.00% -1.47% <-Median-> 5 Ratio
EPS/CF Ratio 0.18 0.45 0.35 0.62 0.05 1.68 0.15 0.44 0.38 0.31 0.51 0.46 0.59 0.45 <-Median-> 10 EPS/CF Ratio
-$1.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $16.4
-$5.1 $0.0 $0.0 $0.0 $0.0 $16.4
-$3.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $7.7
-$3.2 $0.0 $0.0 $0.0 $0.0 $7.7
Chge in Close -61.70% 54.83% 5.50% -0.17% -8.54% -7.62% -13.61% 150.60% -13.33% 0.11% 4.28% 33.26% 77.73% 18.67% 0.00% 0.00% Count 26 Years of data
up/down/neutral down up down up up up up Count 9 34.62%
Any Predictions? Yes Yes Yes % right Count 4 44.44%
Financial Cash Flow $4.72 -$2.33 -$2.33 -$3.30 -$2.61 -$4.04 -$3.40 -$3.40 -$3.63 -$3.22 -$3.53 -$12.04 -$11.82 C F Statement  Financial Cash Flow
Total Accruals $5.81 -$3.38 $3.04 $3.29 $7.89 -$0.29 $0.93 -$1.39 $3.36 $6.82 $2.23 $5.14 $3.70 Accruals
Accruals Ratio 9.41% -5.34% 4.83% 4.87% 12.55% -0.42% 1.35% -1.76% 4.26% 8.65% 2.51% 5.54% 3.64% 4.26% <-Median-> 5 Ratio
Cash $3.86 $10.90 $9.70 $9.50 $1.70 $8.94 $8.93 $8.93 $17.17 $12.27 $16.94 $20.13 $32.27 $34.09 Cash
Cash per Share $0.59 $1.66 $1.47 $1.41 $0.25 $1.33 $1.33 $1.33 $2.56 $1.83 $2.52 $3.01 $4.75 $5.02 $2.56 <-Median-> 5 Cash per Share
Percentage of Stock Price 16.70% 30.44% 25.51% 24.48% 4.78% 27.41% 31.74% 12.67% 28.10% 20.05% 26.56% 23.76% 21.10% 18.78% 23.76% <-Median-> 5 % of Stock Price
Notes:
November 5, 2021, Last estimates were for 2020, 2021 and 2021 of $135M, $414M and $149M for Revenue, $2.33, $2.44 and $2.86 for EPS, 
$1.38, $0.40 and $0.40 for Dividends, $23.1M, $21.6M and $23.3M for FCF, $13.41, $16.11 and $19.07 for CFPS and $15.9M, $16.8M and $20.1M for Net Income.
November 13, 2020.  Last estimate were for 2019 and 2020 of $133M, $142M for Revenue, $1.08 and $1.29 for EPS, $2.32 and 41.93 for CFPS and $7.32M and $9M for Net Income.
November 15, 2019.  Last estimates were for 2018, 2019 and 2020 of $122M, $128M and $138M for Revenue, $0.84, $1.10 and 1.27 for EPS, 
$0.23, $1.44 ad $1.44 for CFPS and $5.65, $7.40 and $8.51 for Net Income.
November 18, 2018.  Last estimates were for 2017, 2018 and 2019 of $104M, $109m and $113M for Revenue, $042, $086 and $0.89 for EPS, 
$0.23, $1.51 and $1.44 for CFPS and $3.1M and $6.1M for Net Income for 2017 and 2018.
November 19, 2017.  Last estimates were for 2016 and 2017 of $101.9M and $109M for Revenue, $0.68 and $0.93 for EPS, $1.85 and $2.11 for CFPS.
November 21, 2016.  There were no estimates for 2015 etc.
November 28, 2015. There were no estimates for 2014 etc.
November 26, 2014. There were no estimates with the last update.
Large EPS for 2013 was because of a capital gain on property sold.  Otherise EPS would have been $.13 and net income would be $844,000.
November 01, 2013.  There were no estimates with last update of this spreadsheet.
Nov 20, 2011. There were no estimates with last update of this spreadsheet.
Oct 31, 2009.  In Aug and Sep this year, one director did a lot of selling.
This is a stock on Investment Reporters list of stocks.  They considered it Specultive quality.
Earliest data I see on this stock is June 1987.
Sector:
Manufacturing: Industrials
What should this stock accomplish?
Since this is an industrial stock, expect volatility in the short term, but expect to earn both capital gains and raising dividend income in the longer term.
Would I buy this company and Why.
I would consider this stock if I was looking for a small industrial dividend paying stock. 
Why am I following this stock. 
I am following this stock as I read a positive article on this stock in November 2009 and thought I would do a spreadsheet on it.  This stock is a dividend paying small cap stock.  
The article said that this stock would be good for long-term gains and rising dividends.  This is the thing with small cap stock; you can get a blend of 
capital gains and rising dividends in the long term only if the company is successful.  
Dividends
What cycle 2, of February, May, August, November.  Declared mid month for the end of that month.
How they make their money.
PFB Corp is Canadian based firm which is in the business of delivering products and solutions in the areas of manufacturing insulating building products made from expanded polystyrene materials
insulating building products made from expanded polystyrene materials.
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.  
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
Shares; '%, Value $M %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Change
Date 2013 Nov 26 2014 Nov 28 2015 Nov 21 2016 Nov 19 2017 Nov 18 2018 Nov 15 2019 Nov 13 2020 Nov 05 2021
Graham, Robert 0.010 0.15% 0.010 0.15% 0.010 0.15% 0.010 0.15% 0.00%
Chair & CEO - Shares - Amount $0.095 $0.127 $0.225 $0.267
Options - percentage 0.250 3.72% 0.250 3.74% 0.250 3.68% 0.250 3.68% 0.00%
Options - amount $2.375 $3.165 $5.625 $6.675
Papuga, Mirko 0.000 0.00% 0.000 0.00% 0.001 0.01% 0.001 0.01% 0.007 0.10% 0.007 0.10% cannot find 2016, 2017 0.00%
CFO - Shares - Amount $0.000 $0.000 $0.005 $0.006 $0.146 $0.174
Options - percentage 0.000 0.00% 0.000 0.00% 0.125 1.86% 0.125 1.87% 0.119 1.75% 0.119 1.75% 0.00%
Options - amount $0.000 $0.000 $1.188 $1.583 $2.678 $3.177
Hardy, Stephen Paul 0.16% 0.036 0.53% 0.011 0.16%
CFO - Shares - Amount $0.052 $0.150 $0.112
Options - percentage 0.37% 0.000 0.00% 0.025 0.37%
Options - amount $0.121 $0.000 $0.263
Banner, James Lawrence $0.00 $0.00 0.000 0.00% 0.000 0.00% #DIV/0!
Officer - Shares - Amount $0.00 $0.000 $0.000
Options - percentage $0.10 $0.00 0.100 1.47% 0.100 1.47% 0.00%
Options - amount $0.00 $2.250 $2.670
Smith, William Hartman 0.043 0.63% last filed 2012
Director/Corp Sec- Shares - Amount $0.388
Options - percentage 0.000 0.00%
Options - amount $0.000
Carruthers, Bruce Malcolm 0.77% 0.052 0.77% 0.052 0.77% 0.052 0.77% 0.052 0.77% 0.052 0.77% 0.052 0.77% 0.033 0.48% 0.033 0.48% Director in 2016-18 0.00%
Director/COO - Shares - Amount $0.250 $0.216 $0.541 $0.469 $0.469 $0.489 $0.652 $0.740 $0.878 last filed in 2009
Options - percentage 0.37% 0.025 0.37% 0.025 0.37% 0.025 0.37% 0.025 0.37% 0.025 0.37% 0.125 1.87% 0.175 2.57% 0.175 2.57% 0.00%
Options - amount $0.121 $0.105 $0.263 $0.228 $0.228 $0.238 $1.583 $3.938 $4.673
Baker, Frank Bernard 8.55% 0.575 8.56% 0.575 8.56% 0.503 7.49% 0.503 7.49% 0.476 7.08% Had neg -.099178 com Shares
Director - Shares - Amount $2.789 $2.409 $6.038 $4.576 $4.581 $4.520 last filed in May 2018
Options - percentage 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00%
Options - amount $0.000 $0.000 $0.000 $0.000 $0.000 $0.000
Smith, C. Alan 43.14% 2.901 43.20% 2.947 43.88% 2.947 43.88% 2.947 43.88% 2.972 44.26% 2.972 44.42% 2.642 38.87% 2.642 38.87% Was Chair and CE0 2017 0.00%
Chairmain - Shares - Amount $14.071 $12.156 $30.945 $26.819 $26.849 $28.236 $37.628 $59.446 $70.543
Options - percentage 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000
Baker Investments LLC
10% holder
Kernaghan, Edward James 1.050 15.64%
10% holder $4.401
Increase in O/S Shares 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.025 0.37% 0.106 1.56% Yes 0 
due to SO $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.317 $2.385
Book Value $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.222 $1.002
Insider Buying $0.000 $0.000 $0.000 -$0.082 $0.000 -$0.107 $0.000
Insider Selling $0.000 $0.628 $0.000 $0.000 $0.068 $5.471 $0.487
Net Insider Selling $0.000 $0.000 $0.628 $0.000 -$0.082 $0.068 $5.365 $0.487 Yes 0 2017
% of Market Cap 0.00% 0.00% 1.03% 0.00% -0.13% 0.08% 3.51% 0.32%
Directors 7 9 9 9 9 8 9 9
Women 0% 0 0% 1 11% 1 11% 1 11% 1 11% 2 25% 2 22% 2 22%
Minorities 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0%
Institutions/Holdings 5.26% 1 6.02% 2 3.12% 1 2.56% 1 3.80% 1 5.63% 5 67.22% 11 23.75%
Total Shares Held 5.28% 0.404 6.02% 0.210 3.12% 0.172 2.56% 0.225 3.35% 0.378 5.63% 4.569 68.04% 1.614 23.75%
Increase/Decrease -17.24% 0.000 0.00% 0.005 2.34% 0.000 0.00% 0.000 0.00% 0.000 0.00% -0.232 -4.83% -0.192 -10.62%
Starting No. of Shares 0.404 0.205 Reuters 0.172 Reuters 0.225 Reuters 0.378 Reuters 4.801 Reuters 1.806 MS Top 20
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