Saputo (TSX:SAP) is a Montreal-based company that is engaged in the production, marketing, and distribution of dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. Indeed, this company is one of the ten largest dairy processors on the planet. Shares of this TSX stock have plunged 18% month-over-month as of close on Tuesday, June 27. That has pushed the stock into negative territory so far in 2023.
This company released its fourth quarter and full year fiscal 2023 earnings on June 8. In the fourth quarter of fiscal 2023, Saputo reported total revenues of $4.46 billion – up from $3.95 billion in the fourth quarter of fiscal 2022. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. This company reported adjusted EBITDA of $392 million in Q4 2023, which was up from $260 million in the prior year.
For the full year, Saputo posted total revenues of $17.8 billion – up from $15.0 billion for the full year in fiscal 2022. Better yet, adjusted EBITDA climbed to $1.55 billion compared to $1.15 billion in the previous year. Adjusted earnings per share (EPS) reached $0.47 in Q4 2023 – up from $0.26 in Q4 2022. Moreover, adjusted EPS hit $1.80 for the full year. That was up from $1.17 for the full year in fiscal 2022.
Shares of Saputo currently possess a favourable price-to-earnings ratio of 19. Meanwhile, the stock offers a quarterly dividend of $0.18 per share. That represents a 2.4% yield.
