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Pollard Banknote Limited (PBL.TO)

CAD17.69 +0.44 (+2.55%)
CA TSX Consumer Cyclical Gambling, Resorts & Casinos
Address 140 Otter Street R3T 0M8
Winnipeg, MB, CA
CEO John S. Pollard
IPO 2008-07-23
ISIN CA73150R1055

Explore sections of this company profile

Also trades on Other OTC · PBKOF (USD) Toronto Stock Exchange · PBL.TO (CAD)
Description

Pollard Banknote Limited, a global provider and subsidiary of Pollard Equities Limited, specializes in delivering a comprehensive suite of gaming products and services to the lottery and charitable gaming industries. Founded in Winnipeg, Canada, in 1907, the company, formerly known as 7510101 Canada Limited, operates primarily through its Lotteries and Charitable Gaming, and eGaming Systems divisions. Its core offerings include the design, production, and distribution of instant-win tickets, accompanied by extensive support services. Additionally, Pollard Banknote supplies a variety of bingo products, manufactures and sells pull-tab tickets, along with their associated vending and counting machines. For licensed games, it provides end-to-end solutions covering ticket concept and manufacturing, prize structure advisory, merchandise sourcing, promotional activities, and second-chance draw administration. The company further equips lotteries with point-of-sale displays, ticket dispensers, charitable gaming devices, management expertise, information systems, and logistical support. Moreover, its eGaming Systems segment is dedicated to the creation of interactive digital games, website development, and online gaming platforms.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD17.69 +0.44 (+2.55%)
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Volume Profile
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Liquidity & share structure
Average Volume
35.8K
Beta
0.82
Float Shares
9.67M
Free Float %
35.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.76% -7.92% -10.14% -14.27% -15.07% -15.46% -14.27% -33.82% -70.16% +107.59% +105.26%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
17.69
DCF (Unlevered) 34.63 +95.7%
DCF (Levered) 26.89 +52.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 2 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.28
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Gambling, Resorts & Casinos: +5.3%
    +7.0% Q1'26: -3.2% (vs Q1'25)
  • EPS growth Gambling, Resorts & Casinos: +9.4%
    -1.6% Q1'26: -69.8% (vs Q1'25)
  • FCF margin FCF growth · Gambling, Resorts & Casinos: +17.3%
    -0.6% Q1'26: -0.9% (vs Q1'25)
  • EBIT margin Gambling, Resorts & Casinos: +17.5%
    +0.1% Q1'26: -6.1% (vs Q1'25)
  • ROIC Gambling, Resorts & Casinos: +8.0%
    +0.1% Q1'26: -5.1% (vs Q1'25)
  • Share dilution Gambling, Resorts & Casinos: +0.3%
    -0.2% Q1'26: -1.4% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Gambling, Resorts & Casinos: 0.94×
    3.47× Q1'26: 10.65× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.84) × ERP
WACC = 74% × Ke + 26% × Kd (6.7%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 34.63 Current price: 17.69
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2007
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
4 Rev. Ana.
1 EPS Ana.
Dec 2027
4 Rev. Ana.
2 EPS Ana.
Revenue
4.27M
est: 171.43M (-97.5%)
221.03M
est: 217.10M (+1.8%)
246.41M
est: 240.50M (+2.5%)
285.65M
est: 283.67M (+0.7%)
331.87M
est: 353.96M (-6.2%)
397.84M
est: 399.13M (-0.3%)
414.13M
est: 420.87M (-1.6%)
459.01M
est: 464.26M (-1.1%)
482.28M
est: 480.80M (+0.3%)
520.44M
est: 528.21M (-1.5%)
557.10M
est: 564.84M (-1.4%)
596.02M
est: 594.90M (+0.2%)
623.85M
600.70M – 635.20M
+4.9% YoY
656.14M
636.00M – 672.79M
+5.2% YoY
EBITDA
4.10M
est: 29.82M (-86.3%)
23.46M
est: 5.78M (+305.7%)
31.02M
est: 41.73M (-25.7%)
41.09M
est: 29.05M (+41.4%)
45.66M
est: 42.36M (+7.8%)
54.89M
est: 33.75M (+62.6%)
80.86M
est: 52.77M (+53.2%)
71.65M
est: 58.57M (+22.3%)
71.46M
est: 62.40M (+14.5%)
93.05M
est: 80.10M (+16.2%)
106.66M
est: 85.66M (+24.5%)
49.93M
est: 90.22M (-44.7%)
94.61M
91.10M – 96.33M
+4.9% YoY
99.51M
96.45M – 102.03M
+5.2% YoY
EBIT
4.10M
est: 15.66M (-73.8%)
15.49M
est: 5.27M (+193.9%)
20.45M
est: 21.91M (-6.7%)
27.94M
est: 23.96M (+16.6%)
27.64M
est: 33.63M (-17.8%)
35.42M
est: 33.63M (+5.3%)
49.40M
est: 32.77M (+50.7%)
32.10M
est: 36.37M (-11.7%)
30.47M
est: 38.75M (-21.3%)
48.06M
est: 35.78M (+34.3%)
62.42M
est: 38.27M (+63.1%)
738.0K
est: 40.30M (-98.2%)
42.26M
40.70M – 43.03M
+4.9% YoY
44.45M
43.09M – 45.58M
+5.2% YoY
Net Income
4.68M
est: 31.75M (-85.3%)
7.46M
est: 6.04M (+23.5%)
12.27M
est: 13.19M (-7.0%)
16.78M
est: 14.47M (+16.0%)
14.85M
est: 20.87M (-28.8%)
22.02M
est: 16.80M (+31.0%)
33.29M
est: 22.12M (+50.5%)
19.70M
est: 24.55M (-19.8%)
19.28M
est: 22.76M (-15.3%)
31.42M
est: 37.85M (-17.0%)
35.20M
est: 50.07M (-29.7%)
34.65M
est: 40.71M (-14.9%)
44.06M
42.45M – 45.66M
+8.2% YoY
59.77M
57.59M – 61.95M
+35.7% YoY
SGA
168.0K
est: 24.72M (-99.3%)
26.55M
est: 257.1K (+10,228.1%)
28.96M
est: 34.59M (-16.3%)
38.02M
est: 34.15M (+11.3%)
45.55M
est: 47.28M (-3.7%)
56.54M
est: 51.54M (+9.7%)
54.96M
est: 56.80M (-3.3%)
64.40M
est: 63.04M (+2.2%)
67.25M
est: 67.17M (+0.1%)
78.97M
est: 79.70M (-0.9%)
87.35M
est: 85.23M (+2.5%)
99.05M
est: 89.77M (+10.3%)
94.14M
90.64M – 95.85M
+4.9% YoY
99.01M
95.97M – 101.52M
+5.2% YoY
EPS
0.75
est: 1.15 (-34.9%)
0.32
est: 0.37 (-13.5%)
0.52
est: 0.48 (+8.3%)
0.71
est: 0.72 (-1.8%)
0.58
est: 0.92 (-36.7%)
0.86
est: 0.89 (-2.8%)
1.30
est: 1.18 (+10.2%)
0.74
est: 0.95 (-22.1%)
0.72
est: 0.60 (+21.0%)
1.17
est: 1.40 (-16.6%)
1.30
est: 1.83 (-29.1%)
1.28
est: 1.49 (-14.1%)
1.61
1.54 – 1.66
+8.2% YoY
2.19
2.09 – 2.25
+35.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 A- 4/5 4/5 4/5 4/5 2/5 3/5 3/5
2026-05-11 A- 4/5 4/5 4/5 4/5 2/5 3/5 4/5
2026-05-08 A- 4/5 4/5 4/5 4/5 2/5 3/5 4/5
2026-05-07 A- 4/5 4/5 4/5 4/5 2/5 3/5 4/5
2026-05-06 A- 4/5 4/5 4/5 4/5 2/5 3/5 4/5
2026-05-05 A- 4/5 4/5 4/5 4/5 2/5 3/5 4/5
2026-05-04 A- 4/5 4/5 4/5 4/5 2/5 3/5 4/5
2026-05-01 A- 4/5 4/5 3/5 5/5 2/5 3/5 4/5
2026-04-30 A- 4/5 4/5 3/5 5/5 2/5 3/5 4/5
2026-04-29 A 4/5 4/5 3/5 5/5 2/5 4/5 4/5
2026-04-28 A 4/5 4/5 3/5 5/5 2/5 4/5 4/5
2026-04-27 A- 4/5 4/5 3/5 5/5 1/5 4/5 4/5
2026-04-24 A- 4/5 4/5 3/5 5/5 1/5 4/5 4/5
2026-04-23 A- 4/5 4/5 3/5 5/5 1/5 3/5 4/5
2026-04-22 A- 4/5 4/5 3/5 5/5 1/5 3/5 4/5
2026-04-21 B+ 3/5 4/5 3/5 5/5 1/5 3/5 3/5
2026-04-20 B+ 3/5 4/5 3/5 5/5 1/5 3/5 3/5
2026-04-17 B+ 3/5 4/5 3/5 5/5 1/5 3/5 3/5
2026-04-16 B+ 3/5 4/5 3/5 5/5 1/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
43.64M
OE per share TTM
1.61
Owner's Yield
9.13%
Maintenance CapEx ratio
19.01%
Maint CapEx / Avg PPE
21.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 6 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares S&P/TSX SmallCap Index ETF XCS.TO 0.06% 95.2K 0.60%
2 Dimensional - International Small Cap ETF DFIS 0.00% 52.0K 0.39%
3 Dimensional - International Core Equity 2 ETF DFIC 0.00% 91.6K 0.22%
4 Dimensional World ex U.S. Core Equity 2 ETF DFAX 0.00% 32.0K 0.28%
5 Dimensional - International Small Cap Value ETF DISV 0.00% 4.3K 0.42%
6 Dimensional International Sustainability Core 1 ETF DFSI 0.00% 0.24%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
299.00
Shares Outstanding
27.07M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Pedro Melo Executive Vice President of Information Technology & Digital 571.7K male
Robert Young Executive Vice President of Global Lottery 539.5K male
Riva J. Richard Executive Vice President of Legal Affairs, General Counsel & Corporate Secretary 521.7K female
Robert Rose Executive Vice President of Finance & Chief Financial Officer 521.7K male
Steven Samual Fingold Executive Vice President of Charitable Gaming 521.5K male
Douglas E. Pollard Co-CEO & Director 479.8K male
John S. Pollard Co-CEO & Director 479.8K male
Paul Franzmann Executive Vice President of Corporate Development male
Margaret Proven Executive Vice President of Human Resources female
Jeff Versterre Executive Vice President of Lottery Operations male
Gordon O. Pollard Executive Chairman male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits