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    Consumer Cyclical

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    Packaging & Containers
Cascades Inc.

Cascades Inc.

CAS.TO
Cascades Inc.CA flagToronto Stock Exchange
11.73
CAD
-0.24
- -
1.19BMarket Cap
Cascades Inc.
CAS.TO
(Toronto Stock Exchange)

Recent

price

11.73

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
32.87
37.76
38.71
35.89
37.87
40.91
42.25
45.64
49.16
53.16
42.79
38.83
44.37
46.13
46.61
47.21
47.05
Revenue per Share
0.42
1.03
-0.23
0.12
-1.56
-0.69
1.43
5.35
0.6
0.77
2.06
1.59
-0.34
-0.76
-0.31
0.69
-0.08
Basic EPS, GAAP
0.9
-0.39
0.03
0.88
0.54
1.28
2.01
-0.21
0.37
2.15
2.69
-0.74
-3.55
1.59
1.1
2.24
1.1
Free Cash Flow per Basic Share
0.17
0.16
0.16
0.16
0.16
0.16
0.16
0.16
0.16
0.24
0.32
0.4
0.48
0.48
0.48
0.48
0.48
Dividend per Share
11.07
11.47
11.14
11.97
9.97
9.29
10.55
15.57
15.73
15.9
18.43
18.53
18.11
17
16.21
16.42
16
Book Value per Share
6.54
6.79
5.94
7.08
5.16
4.69
5.84
9.09
9.76
10.21
13.29
13.41
13.58
12.37
12.15
12.2
11.66
Tangible Book Value per Share
97
96
94
94
94
94
95
95
95
94
96
102
101
101
101
101
101
Basic Weighted Avg Shares
3,182
3,625
3,645
3,370
3,561
3,861
4,001
4,321
4,649
4,996
4,105
3,956
4,466
4,638
4,701
4,776
4,753
Sales/Revenue/Turnover
4.84
0.44
2.91
5.1
4.61
6.22
5.47
4
5.21
6.14
6.99
3.46
3.22
5.91
4.25
6.18
5.05
Operating Margin (%)
155
180
199
167
174
190
192
215
244
289
251
252
252
272
282
287
287
Depreciation Expense
41
99
-22
11
-147
-65
135
507
57
72
198
162
-34
-76
-31
70
-8
Net Income, GAAP
- -
- -
- -
30.16
- -
- -
24.73
- -
34.04
15.97
12.44
- -
- -
- -
- -
19.13
6.67
Effective Tax Rate (%)
1.29
2.73
-0.6
0.33
-4.13
-1.68
3.37
11.73
1.23
1.44
4.82
4.1
-0.76
-1.64
-0.66
1.47
-0.17
Profit Margin (%)
83
400
295
414
323
398
299
369
421
358
609
376
348
269
99
344
419
Working Capital
1,043
1,358
1,415
1,540
1,556
1,710
1,530
1,517
1,821
2,022
1,949
1,450
1,931
1,869
1,871
1,874
2,057
LT Debt
1,072
1,165
1,094
1,194
1,003
963
1,074
1,601
1,686
1,669
1,957
1,927
1,928
1,781
1,771
1,755
1,702
Total Equity
- -
- -
- -
4.4
- -
- -
6.11
- -
4.7
6.99
6.43
- -
- -
- -
- -
6.29
5.8
Return on Invested Capital (%)
- -
- -
- -
3.06
- -
- -
7.41
- -
2.48
4.4
6.33
- -
- -
- -
- -
4.13
2.47
Return on Capital (%)
4.63
9.11
-2.05
1.01
-14.26
-7.17
14.39
41
3.85
4.83
12.14
8.86
-1.83
-4.3
-1.85
4.25
-0.49
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
252
372
73
LT Borrowings
1,677
1,693
1,892
LT Finance Leases
194
180
165
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
101
101
101
Market Capitalization
1,201
979
900

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
1,186
1,254
1,193
Cash, Cash Equivalents & STI
28
31
31
Accounts Receivable, Net
446
484
472
Inventories
685
734
685
Total Current Liabilities
1,087
1,146
774
Payables & Accruals
658
693
652
ST Debt
252
372
73
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.16%
-2.11%
-0.9%
Free Cash Flow
35.23%
35.2%
104.5%
Net Income, GAAP
-32.02%
-80.13%
-325.81%
Sales/Revenue/Turnover
2.49%
3.21%
1.6%
Total Cash Common Dividend
- -
- -
2.08%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,109
1,180
1,201
1,211
4,701
2025
1,154
1,187
1,197
- -
4,776
2026
91,125
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.2
0.01
0.01
-0.13
-0.31
2025
0.07
-0.03
- -
- -
0.69
2026
0.39
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
0.12
0.12
0.12
0.48
2025
0.12
0.12
- -
- -
0.48
2026
0.12
- -
- -
- -
- -
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Business
Cascades Inc. specializes in sustainable, innovative solutions primarily for packaging, tissue and hygiene products, and recovery. The company manufactures, converts, and markets a wide range of paper-based products including containerboard, boxboard, fine papers, tissue paper, molded fiber packaging such as produce baskets, and pressure-sensitive labels. It offers value-added services designed to enhance product differentiation, including high-quality printing with flexographic, lithographic, and digital options. Cascades also provides collection and processing of recycled fibers, targeting markets primarily in North America and Europe. Founded in 1964 and headquartered in Kingsey Falls, Quebec, Cascades employs around 10,000 people across nearly 70 production facilities. Recent major changes include the launch of new sustainable produce packaging baskets made with up to 100% recycled fibers, designed to serve the fresh produce sector with customizable sizes and printing options to improve shelf visibility. In 2024, Cascades introduced an innovative isothermal packaging technology and inaugurated a new production site to advance its packaging capabilities. The company also launched Cascades Fluff® Excellence, a specialized bathroom tissue product aimed at enhancing its tissue segment. In a significant operational shift in 2025, Cascades sold its flexible plastic packaging plant activities to Houston-based Five Star Holding for CAN$31 million, a move aligned with sharpening focus on its core sustainable paper-based packaging and hygiene solutions. Throughout 2024 and 2025, Cascades executed strategic initiatives to grow its packaging business revenues, including increasing converting capacity in the United States and accelerating product development. Cascades trades on the Toronto Stock Exchange under the symbol CAS.TO. The company operates predominantly in the sustainable packaging, tissue and hygiene, and recycling sectors, serving a broad customer base including industrial, retail, and food sectors. Its geographic footprint spans Canada, the United States, and parts of Europe, including France, Sweden, Germany, and the United Kingdom. Cascades continues to emphasize sustainability in its operations and product design, reinforcing its commitment to reducing environmental impact while driving innovation and value creation for customers and shareholders.

Company News

APIChatGPT

  • gurufocus.com

    Cascades launches its fifth Sustainability Plan and renews its biodiversity and environmental partnerships