Savaria (TSE:SIS)
TSX:SIS
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Savaria (SIS) AI Stock Analysis

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TSE:SIS

Savaria

(TSX:SIS)

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Outperform 78 (OpenAI - 4o)
Rating:78Outperform
Price Target:
C$25.00
▲(13.22% Upside)
Savaria's strong financial performance and positive earnings call are the most significant factors driving the score. Technical indicators support a positive trend, while valuation metrics suggest caution due to a high P/E ratio. The company's strategic growth initiatives and improved leverage further enhance its investment appeal.

Savaria (SIS) vs. iShares MSCI Canada ETF (EWC)

Savaria Business Overview & Revenue Model

Company DescriptionSavaria (SIS) is a leading provider of mobility solutions, specializing in accessibility products and services for individuals with mobility challenges. The company operates in the accessibility and home healthcare sectors, offering a diverse range of products including stairlifts, home elevators, and wheelchair lifts. With a commitment to enhancing the quality of life for its customers, Savaria focuses on innovative solutions that promote independence and mobility in residential and commercial environments.
How the Company Makes MoneySavaria generates revenue primarily through the sale and installation of its accessibility products such as stairlifts, home elevators, and wheelchair lifts. The company also offers maintenance and repair services for its products, providing a recurring revenue stream. Additionally, Savaria benefits from strategic partnerships with distributors and contractors, which expand its market reach and enhance sales. The growing demand for accessibility solutions, driven by an aging population and increasing awareness of mobility issues, further contributes to the company's earnings.

Savaria Earnings Call Summary

Earnings Call Date:Nov 05, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Mar 25, 2026
Earnings Call Sentiment Positive
The earnings call was generally positive with several record-breaking metrics and strong segment performance. There are some challenges mentioned, such as slower growth than targeted and changes in management, but the overall trajectory appears promising with strategic plans for future growth.
Q3-2025 Updates
Positive Updates
Record EBITDA and Gross Margins
Savaria achieved a record 21.2% EBITDA for the first time ever, with gross margins reaching 39.2% due to operational improvements and pricing initiatives.
Strong Accessibility Segment Performance
The Accessibility segment delivered 23.5% EBITDA margins, with significant contributions from North America and Europe.
Increased Free Cash Flow and Decreased Leverage
Free cash flow increased by 16% compared to last year, contributing to a leverage ratio of 1.19, down from 1.63 at the end of 2024.
Revenue Growth and Expansion Plans
Savaria reported a 5.2% revenue increase and plans to unveil a new 5-year growth-focused strategy in 2026.
Successful Integration of Western Elevator Acquisition
The acquisition of Western Elevator contributed to revenue growth and was fully integrated, leading to increased product purchases from Savaria.
Improved EBITDA Margins in Accessibility and Patient Care
Accessibility margins improved by 220 basis points, and Patient Care margins improved by 90 basis points year-over-year.
Negative Updates
Below Target Growth
Overall company growth was below targets, prompting initiatives to drive future organic growth.
Management Changes in Europe
A management change occurred in Europe with the departure of Claire after 20 years, with JP Montigny taking over.
Challenges in the European Market
The European market faced slower sales in certain areas, though there are now pockets of growth.
Company Guidance
During Savaria Corporation's Third Quarter 2025 Conference Call, the company maintained its annual guidance for revenue, projecting approximately $925 million for the year, while updating its adjusted EBITDA margin guidance to slightly above 20%. The company achieved a consolidated revenue of $224.8 million for the quarter, reflecting a 5.2% increase compared to the previous year, driven by organic growth of 1.8% and a positive foreign exchange impact of 2.5%. Accessibility segment margins reached 23.5%, with a strong performance in North America and Europe. The Patient Care segment saw an EBITDA margin of 18.3%, improving over the prior year. Savaria's net debt-to-EBITDA ratio improved to 1.19, with $290 million available for future investments or acquisitions. The call also highlighted a strategic focus on growth initiatives, including continued R&D investments and a planned unveiling of the company’s new five-year strategy in April 2026.

Savaria Financial Statement Overview

Summary
Savaria demonstrates strong financial performance with impressive revenue growth, improved profit margins, and efficient cash generation. The balance sheet shows better leverage management, enhancing financial stability.
Income Statement
85
Very Positive
Savaria has demonstrated strong revenue growth over the years, with a notable increase in gross profit margins from 32.2% in 2022 to 37.9% in TTM 2025. The net profit margin has also improved, indicating enhanced profitability. The EBIT and EBITDA margins have shown consistent improvement, reflecting operational efficiency. Overall, the income statement reflects a positive growth trajectory and profitability.
Balance Sheet
78
Positive
The company's debt-to-equity ratio has improved from 0.99 in 2021 to 0.43 in TTM 2025, indicating better leverage management. Return on equity has increased, showcasing improved profitability for shareholders. The equity ratio remains stable, suggesting a balanced capital structure. However, the company should continue to monitor its debt levels to maintain financial stability.
Cash Flow
80
Positive
Savaria's free cash flow has shown positive growth, with a significant increase in the TTM 2025 period. The operating cash flow to net income ratio indicates strong cash generation relative to net income. The free cash flow to net income ratio is healthy, reflecting efficient cash management. Overall, the cash flow statement highlights robust cash generation and financial health.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue895.09M867.76M836.95M789.09M660.98M354.50M
Gross Profit344.09M321.71M286.02M254.37M215.54M122.13M
EBITDA152.59M136.58M123.82M114.14M82.70M55.98M
Net Income61.74M48.51M37.84M35.31M11.54M26.46M
Balance Sheet
Total Assets1.14B1.11B1.10B1.11B1.11B453.31M
Cash, Cash Equivalents and Short-Term Investments51.13M35.24M54.27M45.24M63.49M54.18M
Total Debt257.04M292.62M319.38M410.07M432.34M78.05M
Total Liabilities503.69M538.94M552.57M656.99M672.32M173.58M
Stockholders Equity631.71M575.27M549.00M452.97M434.60M279.73M
Cash Flow
Free Cash Flow118.93M99.95M59.76M70.22M41.56M42.33M
Operating Cash Flow134.79M120.10M78.62M90.74M57.28M49.31M
Investing Cash Flow-18.88M-20.63M-6.36M-21.58M-396.44M-7.38M
Financing Cash Flow-123.44M-118.00M-63.11M-83.25M351.80M-27.32M

Savaria Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price22.08
Price Trends
50DMA
21.28
Positive
100DMA
20.69
Positive
200DMA
19.12
Positive
Market Momentum
MACD
0.25
Positive
RSI
46.52
Neutral
STOCH
46.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SIS, the sentiment is Neutral. The current price of 22.08 is above the 20-day moving average (MA) of 22.00, above the 50-day MA of 21.28, and above the 200-day MA of 19.12, indicating a neutral trend. The MACD of 0.25 indicates Positive momentum. The RSI at 46.52 is Neutral, neither overbought nor oversold. The STOCH value of 46.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:SIS.

Savaria Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
C$1.55B27.8910.22%2.46%3.93%33.44%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
58
Neutral
C$359.40M-2.71-27.70%2.55%-18.71%-845.27%
48
Neutral
C$3.69B-92.61-0.27%-5.59%-104.09%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:SIS
Savaria
21.61
-0.31
-1.41%
TSE:ATS
ATS Corporation
34.80
-6.20
-15.12%
TSE:VLN
Velan Inc. SV
18.01
7.02
63.88%

Savaria Corporate Events

Business Operations and StrategyFinancial Disclosures
Savaria Corporation Achieves Record Profitability in Q3 2025
Positive
Nov 5, 2025

Savaria Corporation reported strong financial results for the third quarter of 2025, with revenue reaching $224.8 million, a 5.2% increase from the previous year. The company’s strategic initiatives under the Savaria One project have led to significant improvements in operational efficiencies, contributing to a record gross margin of 39.2% and an adjusted EBITDA margin of 21.2%. The completion of the Savaria One project is expected to further enhance earnings per share by the end of 2026, positioning the company favorably for future investments or acquisitions.

The most recent analyst rating on (TSE:SIS) stock is a Buy with a C$25.00 price target. To see the full list of analyst forecasts on Savaria stock, see the TSE:SIS Stock Forecast page.

Financial Disclosures
Savaria to Release Q3 2025 Financial Results
Neutral
Oct 27, 2025

Savaria Corporation has announced that it will release its third-quarter financial results for 2025 on November 5, with a subsequent investor conference call scheduled for November 6. This announcement is significant as it provides stakeholders with insights into the company’s financial health and performance in the accessibility industry, potentially impacting investor decisions and market positioning.

The most recent analyst rating on (TSE:SIS) stock is a Buy with a C$25.00 price target. To see the full list of analyst forecasts on Savaria stock, see the TSE:SIS Stock Forecast page.

Dividends
Savaria Corporation Declares Monthly Dividend for November 2025
Positive
Oct 23, 2025

Savaria Corporation has announced a monthly dividend of 4.67 cents per common share, payable on November 12, 2025, to shareholders of record as of October 31, 2025. This declaration aligns with the company’s dividend policy and reflects its commitment to providing value to its shareholders. The announcement underscores Savaria’s stable financial position and its ongoing dedication to maintaining shareholder returns, reinforcing its strong standing in the accessibility industry.

The most recent analyst rating on (TSE:SIS) stock is a Buy with a C$23.50 price target. To see the full list of analyst forecasts on Savaria stock, see the TSE:SIS Stock Forecast page.

Dividends
Savaria Corporation Declares Monthly Dividend for Shareholders
Positive
Sep 22, 2025

Savaria Corporation has announced a monthly dividend of 4.67 cents per common share, payable on October 8, 2025, to shareholders of record as of September 29, 2025. This declaration aligns with the company’s dividend policy and reflects its ongoing commitment to providing returns to shareholders, reinforcing its stable position in the accessibility industry.

The most recent analyst rating on (TSE:SIS) stock is a Buy with a C$27.00 price target. To see the full list of analyst forecasts on Savaria stock, see the TSE:SIS Stock Forecast page.

DividendsFinancial Disclosures
Savaria Corporation Boosts Dividend Amid Strong Financial Performance
Positive
Sep 15, 2025

Savaria Corporation has announced a 3.7% increase in its monthly dividend, raising it to 4.67 cents per common share, reflecting the company’s strong financial performance and confidence in future profitability. This strategic move is aimed at maintaining balance sheet flexibility while allowing for debt reduction and investment in growth opportunities, signaling positive implications for stakeholders and reinforcing Savaria’s position in the accessibility industry.

The most recent analyst rating on (TSE:SIS) stock is a Buy with a C$25.00 price target. To see the full list of analyst forecasts on Savaria stock, see the TSE:SIS Stock Forecast page.

Dividends
Savaria Corporation Announces Monthly Dividend for September 2025
Positive
Aug 21, 2025

Savaria Corporation announced a monthly dividend of 4.5 cents per common share, payable on September 9, 2025, to shareholders of record as of August 29, 2025. This declaration aligns with the company’s monthly dividend policy, reflecting its stable financial performance and commitment to returning value to shareholders. The dividend announcement underscores Savaria’s strong market position in the accessibility industry and its ongoing dedication to supporting stakeholders.

The most recent analyst rating on (TSE:SIS) stock is a Buy with a C$24.00 price target. To see the full list of analyst forecasts on Savaria stock, see the TSE:SIS Stock Forecast page.

Savaria Corp. Q2 2025 Earnings Call Highlights
Aug 13, 2025

Savaria Corp. recently held its Q2 2025 earnings call, where the overall sentiment was notably positive. The company celebrated significant achievements, particularly in margin improvement and debt reduction, which underscored a robust financial performance. Despite facing challenges in European markets and slower growth in the Accessibility segment, the strong financial metrics and successful product launches contributed to an optimistic outlook.

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.Date of analysis: Nov 07, 2025