Premium Brands (TSE:PBH)
TSX:PBH
Want to see TSE:PBH full AI Analyst Report?
Top Page
Premium Brands
(TSX:PBH)
Select Model
Select Model
Rating:43Neutral
Price Target:
C$87.00
▲(1.84% Upside)
Action:Reiterated
Date:05/09/26
The score is primarily constrained by weakening financial quality—high leverage, very thin profitability, and negative free cash flow—combined with an extremely high P/E. Technicals are mixed (short-term strength but longer-term downtrend signals), while the dividend yield provides only modest support.
Positive Factors
Multi‑channel, diversified go‑to‑market
Operating across retail, foodservice and wholesale provides durable demand diversification and reduces single‑channel exposure. That multi‑channel reach supports stable order flow, cross‑sell opportunities and less cyclicality over a 2–6 month horizon, improving resilience versus pure-play peers.
Negative Factors
Elevated and rising leverage
Debt levels have materially increased and debt/equity doubled versus earlier years, constraining financial flexibility. With higher leverage the company is more sensitive to interest cost increases and has less capacity for opportunistic investments or to absorb profit volatility over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi‑channel, diversified go‑to‑market
Operating across retail, foodservice and wholesale provides durable demand diversification and reduces single‑channel exposure. That multi‑channel reach supports stable order flow, cross‑sell opportunities and less cyclicality over a 2–6 month horizon, improving resilience versus pure-play peers.
Read all positive factors
Premium Brands (PBH) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$4.71B
Dividend Yield3.34%
Average Volume (3M)128.05K
Price to Earnings (P/E)364.6
Beta (1Y)0.84
Revenue Growth17.36%
EPS Growth-65.87%
CountryCA
Employees11,524
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)0.90
Shares Outstanding52,157,738
10 Day Avg. Volume178,951
30 Day Avg. Volume128,049
Financial Highlights & Ratios
PEG Ratio-1.68
Price to Book (P/B)2.75
Price to Sales (P/S)0.61
P/FCF Ratio-36.26
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$122.45Price Target Upside43.34% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering11
EPS Forecast (FY)6.13
Revenue Forecast (FY)C$9.34B
Premium Brands Business Overview & Revenue Model
Company Description
Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates in two segments, Specialty Foods and Premium Food Distribution. The company provides m...
How the Company Makes Money
PBH makes money primarily by selling food products and related services through two broad activity types: (1) specialty food manufacturing/processing and (2) food distribution. On the product side, PBH generates revenue by manufacturing and supply...
Premium Brands Earnings Call Summary
Earnings Call Date:Nov 10, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Jul 31, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted strong organic growth and successful new product launches, particularly in the U.S. However, the company faces significant margin pressures due to high input costs and overhead from new facilities, alongside challenges in the jerky segment.Positive Updates
Strong Organic Volume Growth
The company achieved 10% organic volume growth in Q3, with expectations for even more acceleration into Q4, driven primarily by U.S. Specialty Foods.
Negative Updates
Margin Pressure from High Beef Costs
The Specialty Foods segment faced a 70 basis points impact on gross margins due to high beef costs, with expectations for continued headwinds into Q4.
Read all updates
Q3-2025 Updates
Positive
Negative
Strong Organic Volume Growth
The company achieved 10% organic volume growth in Q3, with expectations for even more acceleration into Q4, driven primarily by U.S. Specialty Foods.
Read all positive updates
Company Guidance
During the 2025 Third Quarter Conference Call, the company provided guidance indicating several key metrics and expectations. The company reported that the Specialty Foods segment's gross margin would have been 70 basis points higher if not for the high beef cost impact. The EBITDA margin was implied to be stable compared to the previous year, with plant overhead from a new Tennessee facility and second shifts contributing significantly to margin pressure. The company anticipates modest Q4 EBITDA margin improvement, despite ongoing beef price headwinds and overhead impacts, due to expected growth. Organic volume growth in Q3 was 10% for the total company, driven by U.S. Specialty Foods, and is expected to accelerate into Q4. The company reiterated its fiscal 2027 revenue target of $10 billion, expecting 2026 to be a very strong year with continued product launches and a sales pipeline that pulled $250 million in Q3. Additionally, the company is working on monetizing some assets, with proceeds likely used for debt reduction, aligning with its commitment to deleverage its balance sheet.Premium Brands Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
45
Neutral
Cash Flow
32
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.85B | 7.48B | 6.47B | 6.26B | 6.03B | 4.93B |
| Gross Profit | 1.33B | 1.18B | 1.29B | 1.21B | 1.10B | 901.90M |
| EBITDA | 571.30M | 604.80M | 430.90M | 392.70M | 363.20M | 337.40M |
| Net Income | 40.80M | 40.50M | 121.50M | 94.20M | 160.10M | 132.70M |
Balance Sheet | ||||||
| Total Assets | 7.34B | 5.95B | 5.80B | 5.16B | 5.08B | 4.41B |
| Cash, Cash Equivalents and Short-Term Investments | 11.40M | 29.30M | 49.20M | 27.60M | 11.40M | 16.50M |
| Total Debt | 3.77B | 3.42B | 3.20B | 2.65B | 2.58B | 1.95B |
| Total Liabilities | 5.04B | 4.29B | 4.03B | 3.39B | 3.27B | 2.63B |
| Stockholders Equity | 2.31B | 1.66B | 1.77B | 1.77B | 1.82B | 1.78B |
Cash Flow | ||||||
| Free Cash Flow | -170.20M | -125.40M | -111.70M | 34.20M | -131.90M | -76.90M |
| Operating Cash Flow | 36.90M | 93.60M | 253.10M | 433.90M | 96.50M | 66.30M |
| Investing Cash Flow | -594.90M | 33.10M | -315.30M | -299.20M | -343.60M | -808.90M |
| Financing Cash Flow | 554.50M | -146.60M | 83.80M | -118.50M | 242.00M | 396.10M |
Premium Brands Technical Analysis
Positive
85.43
Price Trends
86.01
Positive
92.60
Negative
92.76
Negative
Market Momentum
1.02
Negative
62.01
Neutral
75.98
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PBH, the sentiment is Positive. The current price of 85.43 is below the 20-day moving average (MA) of 86.40, below the 50-day MA of 86.01, and below the 200-day MA of 92.76, indicating a neutral trend. The MACD of 1.02 indicates Negative momentum. The RSI at 62.01 is Neutral, neither overbought nor oversold. The STOCH value of 75.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:PBH.
Premium Brands Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | C$3.65B | 20.25 | 36.56% | 4.95% | -13.45% | 465.50% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | C$1.45B | 40.40 | 15.25% | 2.67% | 12.52% | 37.38% | |
55 Neutral | C$407.21M | 9.90 | 7.08% | 4.83% | 14.02% | -47.59% | |
43 Neutral | C$4.71B | 364.63 | 2.21% | 3.34% | 17.36% | -65.87% | |
| ― | C$55.46M | -14.43 | 81.87% | ― | ― | ― | |
44 Neutral | C$183.07M | -11.48 | -92.94% | ― | 119.70% | -368.06% |
* Consumer Defensive Sector Average
TSE:PBH
Premium Brands
90.33
12.54
16.11%
TSE:HLF
High Liner Foods
14.38
-2.85
-16.55%
TSE:ISTK
Good Flour Corp
0.37
0.21
128.13%
TSE:MFI
Maple Leaf Foods
29.37
6.63
29.14%
TSE:JWEL
Jamieson Wellness Inc
34.97
0.67
1.97%
TSE:HBFG
Happy Belly Food Group
1.36
0.26
23.64%
Premium Brands Corporate Events
Business Operations and StrategyDividendsFinancial DisclosuresM&A Transactions
Premium Brands posts record 2025 results, reshapes portfolio with U.S. growth moves
Positive
Mar 19, 2026
Premium Brands reported record fourth-quarter 2025 revenue of $1.9 billion, up 15.7% year over year, driven by 9.2% organic volume growth and particularly strong 18.0% organic gains in its core U.S. protein, sandwich and artisan bakery initiatives...
Financial Disclosures
Premium Brands Sets March 19 Date to Release Q4 2025 Results
Neutral
Mar 6, 2026
Premium Brands Holdings Corporation will release its fourth quarter 2025 financial results on March 19, 2026, providing investors with management’s pre-recorded remarks, detailed financial statements, segment information and an investor pres...
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.