Lassonde (TSE:LAS.A)
TSX:LAS.A
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Lassonde
(TSX:LAS.A)
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Rating:69Neutral
Price Target:
C$257.00
▲(10.40% Upside)
Action:DowngradedDate:03/31/26
The score is driven primarily by solid operating performance but weakened cash conversion in 2025 and increased leverage. Valuation is a meaningful positive given the low P/E and dividend yield. Technically, the stock remains above key moving averages, though negative MACD signals muted near-term momentum; earnings-call commentary is supportive but tempered by high CapEx and execution/transition risks.
Positive Factors
Revenue & Profitability Growth
Sustained multi-year top-line growth and record adjusted profit reflect scale, pricing ability and operating leverage. Consistent revenue expansion and margin improvement support durable cash generation potential and reinvestment capacity over the next 2–6 months.
Negative Factors
Weakened Cash Conversion
A drop from strong FCF to slightly negative in 2025 signals deteriorating conversion of accounting profits into cash. If sustained, this reduces internal financing for CapEx/dividends, raises reliance on debt, and constrains flexibility to invest or cushion shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Profitability Growth
Sustained multi-year top-line growth and record adjusted profit reflect scale, pricing ability and operating leverage. Consistent revenue expansion and margin improvement support durable cash generation potential and reinvestment capacity over the next 2–6 months.
Read all positive factors
Lassonde (LAS.A) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.59B
Dividend Yield2%
Average Volume (3M)1.82K
Price to Earnings (P/E)10.0
Beta (1Y)0.53
Revenue Growth17.69%
EPS Growth13.69%
CountryCA
Employees2,900
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)7.52
Shares Outstanding3,069,000
10 Day Avg. Volume2,022
30 Day Avg. Volume1,816
Financial Highlights & Ratios
PEG Ratio0.32
Price to Book (P/B)1.31
Price to Sales (P/S)0.51
P/FCF Ratio-351.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$278.92Price Target Upside19.82% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)22.56
Revenue Forecast (FY)C$3.05B
Lassonde Business Overview & Revenue Model
Company Description
Lassonde Industries Inc., together with its subsidiaries, develops, produces, and markets a range of ready-to-drink fruit juices and drinks, and frozen juice concentrates in Canada, the United States, and internationally. The company offers pure j...
How the Company Makes Money
Lassonde makes money mainly by manufacturing and selling beverages and beverage-related products through a mix of branded, private-label, and business-to-business offerings. (1) Branded consumer products: The company earns revenue by selling brand...
Lassonde Earnings Call Summary
Earnings Call Date:Mar 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 08, 2026
Earnings Call Sentiment Positive
The call conveyed a largely positive outlook driven by record annual results, strong Q4 profitability and margin expansion, market share gains, improved working capital and reduced leverage. These strengths are balanced against execution and cost pressures: integration hiccups at Summer Garden (contained), commodity and geopolitical input-cost uncertainty, substantial near-term CapEx (New Jersey facility) with associated ramp-up costs, and softer category volumes. Management emphasized disciplined pricing, innovation to reduce commodity exposure, and prudent capital allocation while targeting $3B sales in 2026.Positive Updates
Record Year — Sales and Profitability
Delivered a record year for Lassonde: annual sales of $2.9B, up 12.8% YoY; adjusted profit attributable to shareholders $156M ($22.82 per share) versus $130M ($19.05) prior year.
Negative Updates
Category Volume Declines
Beverage category volumes declined mid-single digits in Q4 in both the U.S. and Canada, reflecting a pressured consumer environment and increased demand elasticity.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Year — Sales and Profitability
Delivered a record year for Lassonde: annual sales of $2.9B, up 12.8% YoY; adjusted profit attributable to shareholders $156M ($22.82 per share) versus $130M ($19.05) prior year.
Read all positive updates
Company Guidance
Lassonde reiterated that, barring major external disruptions and excluding FX, it expects to achieve its $3.0 billion sales target by 2026 while prioritizing profitable, cash‑generating growth over pure volume expansion; it forecast 2026 CapEx up to ~7% of sales (including ~US$96M for the New Jersey project) to be funded primarily from operating cash flow (Q4 2025 operating cash flow $122M; FY2025 $176M) after FY2025 CapEx of $187M (Q4 $45M; US$16M for NJ). Management said leverage should remain well within comfort levels — net debt was $489M at Q4 with net debt/adjusted EBITDA of 1.41x (down from 1.71x Q3) and is expected to stay below 2.0x through 2026 (comfort <3.25:1). They also highlighted operational timing (NJ facility enclosed soon, transfers late‑2026, completion early‑2027), continued use of pricing, promotion and innovation to protect margins, and a cautious view on commodities (orange concentrate easing, apple cautious, pineapple modest downward pressure).Lassonde Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
48
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.93B | 2.60B | 2.31B | 2.15B | 1.89B |
| Gross Profit | 744.95M | 698.09M | 587.72M | 523.35M | 521.94M |
| EBITDA | 337.98M | 258.06M | 200.24M | 141.14M | 174.49M |
| Net Income | 149.70M | 114.12M | 87.53M | 53.94M | 77.51M |
Balance Sheet | |||||
| Total Assets | 2.25B | 2.28B | 1.67B | 1.60B | 1.42B |
| Cash, Cash Equivalents and Short-Term Investments | 7.96M | 28.23M | 19.84M | 2.68M | 305.00K |
| Total Debt | 498.05M | 478.74M | 214.55M | 253.78M | 180.46M |
| Total Liabilities | 1.02B | 1.11B | 669.80M | 667.15M | 554.09M |
| Stockholders Equity | 1.14B | 1.07B | 922.57M | 877.17M | 808.41M |
Cash Flow | |||||
| Free Cash Flow | -4.26M | 118.02M | 118.47M | -23.38M | 56.09M |
| Operating Cash Flow | 176.20M | 233.88M | 224.86M | 24.00M | 93.73M |
| Investing Cash Flow | -203.86M | -440.84M | -115.39M | -48.05M | -40.40M |
| Financing Cash Flow | 8.97M | 217.31M | -91.67M | 27.65M | -64.88M |
Lassonde Technical Analysis
Positive
232.79
Price Trends
227.59
Positive
224.26
Positive
218.81
Positive
Market Momentum
0.21
Negative
53.50
Neutral
78.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:LAS.A, the sentiment is Positive. The current price of 232.79 is above the 20-day moving average (MA) of 225.28, above the 50-day MA of 227.59, and above the 200-day MA of 218.81, indicating a bullish trend. The MACD of 0.21 indicates Negative momentum. The RSI at 53.50 is Neutral, neither overbought nor oversold. The STOCH value of 78.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:LAS.A.
Lassonde Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | C$413.84M | 11.92 | 15.74% | 6.34% | 8.87% | 10.15% | |
73 Outperform | C$3.73B | 5.72 | 11.72% | 4.95% | -0.03% | 497.79% | |
73 Outperform | C$853.92M | 6.68 | 16.98% | 5.99% | 6.57% | 8.61% | |
69 Neutral | C$1.59B | 10.00 | 13.72% | 2.00% | 17.69% | 13.69% | |
67 Neutral | C$238.23M | 7.36 | 8.23% | 4.71% | -2.11% | ― | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
46 Neutral | C$4.31B | 112.26 | 3.82% | 3.34% | 13.05% | -33.72% |
* Consumer Defensive Sector Average
TSE:LAS.A
Lassonde
232.79
36.80
18.78%
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Lassonde Corporate Events
Business Operations and StrategyFinancial Disclosures
Lassonde Posts Strong 2025 Results as Pricing and U.S. Growth Lift Profits
Positive
Mar 26, 2026
Lassonde Industries Inc. reported strong fourth-quarter and full-year 2025 results, with sales rising to $768.1 million in Q4 and $2.93 billion for the year, alongside notable gains in gross profit, operating profit and earnings per share. Managem...
Business Operations and StrategyExecutive/Board Changes
Lassonde Names Successor to Long-Serving Chief Financial Officer
Positive
Feb 20, 2026
Lassonde Industries Inc. has announced a planned succession in its finance leadership, appointing Francis Trudeau as Executive Vice-President Finance effective March 16, 2026, ahead of his promotion to Chief Financial Officer on May 19, 2026. He w...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.