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Canadian holding company owning specialty food manufacturing and premium food distribution businesses across North America.
Canadian holding company owning specialty food manufacturing and premium food distribution businesses across North America.
Buys and runs a collection of specialty food makers and distributors as largely separate operating businesses, so it grows by acquisition and by expanding plant capacity, selling to grocers and restaurants. It is based in British Columbia.
In one line: A specialty food manufacturing/distribution holding company like a smaller Hormel Foods.
Moat: narrow (brand, scale, distribution). Portfolio of niche branded food manufacturers plus a broad distribution network give diversification and scale.
Headquarters: Richmond, Canada · Founded: 1917 · Employees: 12,036
Size Premium Brands (PBH.TO) is a Canada Consumer Staples company (Food Distributors) with a market value of $2.86B, the 163rd largest of 420 Canada companies the cockpit tracks. Shares closed at C$76.97 on 6 Nov 2026.
Performance Over six months the shares fell 13.1%, against -6.7% for the median peer and +5.2% for the Canada market (cap-weighted) — 6th lowest of 12 in its peer set.
Growth Revenue grew 20.4% over the last twelve months (peer median +4.6%); the operating margin is 5.4% (peer median 4.3%).
Valuation It trades at 12.2× forward earnings against a peer median of 15.4× (3rd cheapest of 10).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.7 points below its cost of capital (6.2% WACC).
Next results Next results expected around 11 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$8.31B | C$7.48B | C$6.47B | C$6.26B | C$6.03B |
| Revenue growth | — | +16% | +3% | +4% | — |
| Gross profit | C$1.28B | C$1.18B | C$1.11B | C$1.05B | C$943M |
| EBITDA | C$687M | C$606M | C$564M | C$498M | C$442M |
| Net income | C$83.8M | C$40.5M | C$122M | C$94.2M | C$160M |
| Free cash flow | C$14.9M | -C$125M | -C$112M | C$34.2M | -C$132M |
| Capital expenditure | C$214M | C$219M | C$365M | C$400M | C$228M |
| Total debt | C$3.63B | C$3.42B | C$3.20B | C$2.65B | C$2.58B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Premium Brands PBH.TO | $2.86B | -13% | +20% | 5% | 12.2× | 7.4% |
| Maple Leaf Foods MFI.TO | $2.39B | -13% | -17% | 8% | 16.1× | 2.4% |
| Hormel Foods HRL | $12.1B | +7% | +1% | 7% | 14.4× | 0.9% |
| Conagra Brands CAG | $7.28B | +8% | -2% | 11% | 10.6× | -4.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PBH.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.4% | +2.8% | 5th highest of 12 |
| 6-month return | -13.1% | -6.7% | 6th lowest of 12 |
| Distance from 52-week high | -27.9% | -16.2% | 3rd lowest of 12 |
| Revenue growth (TTM) | +20.4% | +4.6% | 3rd highest of 12 |
| Operating margin | 5.4% | 4.3% | 5th highest of 12 |
| Forward P/E | 12.2× | 15.4× | 3rd cheapest of 10 |
| Growth the price implies (Req g, 7 yrs) | 7.4% | 7.7% | 6th least demanding of 11 |
| Growth delivered (Del g) | +12.9% | +5.1% | 5th highest of 11 |
| Hurdle (Req g minus delivered) | -5.5 pp | -5.3 pp | 6th least demanding of 11 |
| ROIC minus cost of capital | -0.7 pp | -0.4 pp | 5th lowest of 11 |
| EV / EBITDA | 11.1× | 11.7× | 3rd cheapest of 6 |
| Net debt / EBITDA | 5.3× | 2.3× | 2nd most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Premium Brands PBH.TO | Canada | $2.86B | -13% | +20% | 5% | 12.2× | 7.4% | +12.9% |
| United Natural Foods UNFI | United States | $2.73B | -13% | -2% | 1% | 13.6× | 6.5% | +2.9% |
| Metcash MTS.AX | Australia | $2.55B | +12% | 0% | 3% | 14.1× | 0.9% | +3.9% |
| Maple Leaf Foods MFI.TO | Canada | $2.39B | -13% | -17% | 8% | 16.1× | 2.4% | -1.9% |
| Chefs' Warehouse CHEF | United States | $4.51B | +27% | +12% | 4% | 36.3× | 22.6% | +30.1% |
| Kato Sangyo 9869.T | Japan | $1.35B | +10% | +2% | 1% | n/a | -9.5% | +1.9% |
| Dole DOLE | United States | $1.31B | -7% | +8% | 2% | 10.6× | 4.1% | +16.1% |
| Busy Ming 1768.HK | Hong Kong | $8.31B | -36% | +68% | 5% | 11.3× | 16.0% | +143.4% |
| Jiangxi Huangshanghuang Group Food 002695.SZ | China | $880M | -14% | +17% | 7% | 39.9× | 14.7% | -7.1% |
| Young & Co.'s Brewery, P.L.C YNGA.L | United Kingdom | $822M | +52% | +5% | 14% | 15.4× | 9.0% | +42.0% |
| Agencia Comercial Spirits AGCC | United States | $804M | -24% | +145% | 13% | n/a | n/a | n/a |
| Krispy Kreme DNUT | United States | $723M | +16% | -5% | 0% | 50.0× | 23.2% | +6.3% |