Cascades Inc.

Cascades Inc.

10.70
EUR
-0.30
(-2.73%)
0.72EPS
12.66P/E
735.28MMarket Cap
Nov 05Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
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
935.48
Basic EPS, GAAP
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
0.93
Free Cash Flow per Basic Share
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
2.27
Dividend per Share
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
Book Value per Share
11.51
9.48
9.1
10.41
15.32
15.99
15.82
17.14
18.63
18.64
17.27
17.07
16.99
17.53
Tangible Book Value per Share
5.88
3.98
3.64
4.9
7.53
7.89
8.3
10.47
13.07
13.05
11.94
11.67
11.85
12.33
Basic Weighted Avg Shares
94
94
94
95
95
95
94
96
102
101
101
101
101
101
Sales/Revenue/Turnover
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
94,728
Operating Margin (%)
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
95.25
Depreciation Expense
167
174
190
192
215
244
289
251
252
252
272
282
287
292
Net Income, GAAP
11
-147
-65
135
507
57
72
198
162
-34
-76
-31
70
94
Effective Tax Rate (%)
30.16
- -
- -
24.73
- -
34.04
15.97
12.44
- -
- -
- -
- -
19.13
16.31
Profit Margin (%)
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
0.1
Working Capital
414
323
398
299
369
421
358
609
376
348
269
99
344
421
LT Debt
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
1,897
Total Equity
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
1,818
Return on Invested Capital (%)
4.51
- -
- -
6.17
- -
4.42
5.95
6.54
- -
- -
- -
- -
5.01
5.38
Return on Capital (%)
3.12
- -
- -
7.45
- -
2.48
4.39
6.35
- -
- -
- -
- -
4.05
4.41
Return on Common Equity (%)
1.07
-14.89
-7.39
14.59
41.57
3.85
4.8
12.2
8.92
-1.81
-4.21
-1.79
4.06
5.38

Capital Structure

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
70
78
78
LT Borrowings
1,672
1,688
1,686
LT Finance Leases
202
220
211
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
101
101
101
Market Capitalization
1,230
1,181
1,192

Working Capital

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,151
1,226
1,295
Cash, Cash Equivalents & STI
52
89
101
Accounts Receivable, Net
390
444
477
Inventories
661
681
706
Total Current Liabilities
807
802
874
Payables & Accruals
626
689
762
ST Debt
70
78
78
Deferred Revenue
- -
- -
- -

Growth Rates

CAD

•

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

CAD

•

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
1,219
- -
- -
- -

Quarterly Earnings Per Share

CAD

•

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
- -
0.37
0.69
2026
0.39
0.21
- -
- -
- -

Quarterly Dividends Per Share

CAD

•

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
- -
0.13
0.48
2026
0.12
0.12
- -
- -
- -

Company Description

CEO
Hugues Simon
Full Time Employees
9,200
Sector
Process industries
Industry
Containers/Packaging
Address
404 Marie-Victorin Boulevard Kingsey Falls QC Canada J0A 1B0
IPO Date
Oct 16, 1984
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

  • CASCADES CONGRATULATES THE NEW MEMBERS OF THE MINISTERIAL CABINET

  • A New Era Arrives: Airo Trains Make Their Amtrak Cascades Debut

  • A New Era for Amtrak Cascades: Airo Fleet Debuts Sept. 30

  • Cascades announces notice of partial redemption for its 5.375% senior notes due 2028

  • Cascades Q2 Earnings Call Highlights

  • Cascades strengthens its tissue paper production platform in Quebec

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

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

  • Cascades reports on Shareholders' Voting Results for the Election of Directors

  • Cascades Inc. (CAS:CA) Q1 2026 Earnings Call Transcript

  • Cascades Reports Results for the First Quarter of 2026

  • Cascades to Release First Quarter 2026 Financial Results on May 7, 2026 and Provides Updated Outlook

  • Cascades Optimizes the Value of Its Forest Assets And Enters Into a Long-Term Strategic Partnership With Solifor

  • Cascades invests $6.9 million in its Kingsey Falls uncoated recycled boxboard plant

  • Cascades Inc. (CAS:CA) Q4 2025 Earnings Call Transcript

  • Cascades Reports Results for the Fourth Quarter and Full Year 2025

  • /C O R R E C T I O N -- Cascades Inc./

  • Cascades Announces Exit from Honeycomb Packaging and Partition Business Segments

  • Cascades announces the sale of its Richmond, British Columbia, packaging plant to Crown Paper Group

  • /C O R R E C T I O N -- Cascades Inc./