CCL-B Stock Analysis: CCL Industries | TO

Packaging & Containers | TO, Canada | Market Cap: 16.875m CAD | 12M Return: 26.5% | CA1249003098 | Charts, Fundamentals & Technical Analysis

Pressure-Sensitive Labels, Specialty Films, Banknote Substrates, Printable Media
Total Rating 74
Safety 84
Buy Signal 0.15
Market Cap: 11.8B
Avg Turnover: 36.3M
Risk 3d forecast
Volatility20.4%
VaR 5th Pctl3.30%
VaR vs Median-1.87%
Reward TTM
Sharpe Ratio0.93
Rel. Str. IBD79.7
Rel. Str. Peer Group80.8 pctl
Character TTM
Beta0.136
Beta Downside-0.113
Hurst Exponent0.504
Choppyness52.5%
Drawdowns 3y
Max DD21.34%
CAGR/Max DD1.04
CAGR/Mean DD4.10
EPS (Earnings per Share) EPS (Earnings per Share) of CCL-B over the last years for every Quarter: "2021-09": 0.84, "2021-12": 0.81, "2022-03": 0.84, "2022-06": 0.94, "2022-09": 0.94, "2022-12": 0.83, "2023-03": 0.93, "2023-06": 0.9, "2023-09": 0.95, "2023-12": 0.97, "2024-03": 1.07, "2024-06": 1.13, "2024-09": 1.08, "2024-12": 1.02, "2025-03": 1.17, "2025-06": 1.22, "2025-09": 1.21, "2025-12": 1.02, "2026-03": 1.19, "2026-06": 1.35, "2026-09": 1.36,
EPS CAGR: 9.22%
EPS Trend: 97.2%
Last SUE: 0.72
Qual. Beats: 0
Revenue Revenue of CCL-B over the last years for every Quarter: 2021-09: 1488.2, 2021-12: 1488.8, 2022-03: 1521.7, 2022-06: 1615.2, 2022-09: 1658.1, 2022-12: 1587.2, 2023-03: 1652.1, 2023-06: 1644.5, 2023-09: 1690.5, 2023-12: 1662.5, 2024-03: 1737.2, 2024-06: 1845.6, 2024-09: 1849.7, 2024-12: 1812.5, 2025-03: 1887.1, 2025-06: 1934.6, 2025-09: 1965.9, 2025-12: 1876.2, 2026-03: 1939, 2026-06: 2110.199999, 2026-09: null,
Rev. CAGR: 7.08%
Rev. Trend: 99.0%
Last SUE: 3.07
Qual. Beats: 1

Warnings

Fakeout
Below Avwap Earnings

Tailwinds

Idiosyncratic Leader

Seasonality 11.8 years of data, until 10/2026

Jan -1.2% 21
Feb +3.9% 28
Mar +0.1% 0
Apr -1.1% 14
May +1.7% 28
Jun +0.9% 14
Jul +1.9% 14
Aug -0.9% 4
Sep -0.3% 4
Oct -3.2% 4
Nov -0.5% 0
Dec -0.3% 9

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.

Description: CCL-B CCL Industries

CCL Industries is a Toronto-based materials company that makes pressure-sensitive labels, specialty films, packaging components, printable media, and security and identification solutions. Its products serve consumer packaging, healthcare, retail, automotive, and other markets.

The company operates through four segments: CCL, Avery, Checkpoint, and Innovia. Its business combines converted packaging and labeling materials with RFID and loss-prevention systems, print media, and engineered films-a model that serves customers across multiple industries and regions.

Headlines to Watch Out For
  • CCL label growth tracks global consumer packaging and healthcare demand
  • Margins hinge on pricing offsetting labor, resin, and energy costs
  • Retail RFID adoption supports Checkpoint sales and inventory solutions
Piotroski VR-10 (Strict) 7.0
Net Income: 810.6m TTM > 0 and > 6% of Revenue
FCF/TA: 0.07 > 0.02 and ΔFCF/TA 0.03 > 1.0
NWC/Revenue: 13.36% < 20% (prev 24.73%; Δ -11.37% < -1%)
CFO/TA 0.11 > 3% & CFO 1.25b > Net Income 810.6m
Net Debt (1.96b) to EBITDA (1.68b): 1.17 < 3
Current Ratio: 1.39 > 1.5 & < 3
Outstanding Shares: last quarter (170.8m) vs 12m ago -3.00% < -2%
Gross Margin: 29.81% > 18% (prev 29.82%; Δ -0.01% > 0.5%)
Asset Turnover: 74.45% > 50% (prev 73.73%; Δ 0.72% > 0%)
Interest Coverage Ratio: 11.94 > 6 (EBIT TTM 1.20b / Interest Expense TTM 100.4m)
Altman Z'' 3.85
A: 0.10 (Total Current Assets 3.79b - Total Current Liabilities 2.74b) / Total Assets 11.0b
B: 0.42 (Retained Earnings 4.59b / Total Assets 11.0b)
C: 0.11 (EBIT TTM 1.20b / Avg Total Assets 10.6b)
D: 1.05 (Book Value of Equity 5.66b / Total Liabilities 5.38b)
Altman-Z'' = 3.85 = AA
Beneish M -2.89
DSRI: 1.16 (Receivables 1.71b/1.40b, Revenue 7.89b/7.48b)
GMI: 1.00 (GM 29.82% / 29.81%)
AQI: 0.94 (AQ_t 0.36 / AQ_t-1 0.38)
SGI: 1.05 (Revenue 7.89b / 7.48b)
TATA: -0.04 (NI 810.6m - CFO 1.25b) / TA 11.0b)
Beneish M = -2.89 (Cap -4..+1) = A
What is the price of CCL-B shares?

As of November 12, 2026, the stock is trading at CAD 101.29 with a total of 900,573 shares traded. Over the past week, the price has changed by +0.86%, over one month by +5.50%, over three months by +10.04% and over the past year by +26.46%.

Current recommended Stop Loss: 98.70 (which is 2.6% or 1.3 ATR below the current price).

Is CCL-B a buy, sell or hold?

CCL Industries has no consensus analysts rating.

CCL Industries (CCL-B) - Fundamental Data Overview as of 12 November 2026
Market Cap USD = 11.8b (16.9b CAD * 0.7017 CAD.USD)
P/E Trailing = 20.8828
P/E Forward = 18.0505
P/S = 2.0718
P/B = 2.9641
Revenue TTM = 7.89b CAD
EBIT TTM = 1.20b CAD
EBITDA TTM = 1.68b CAD
Long Term Debt = 1.79b CAD (from longTermDebt, last quarter)
Short Term Debt = 763.0m CAD (from shortTermDebt, last quarter)
Debt = 2.93b CAD (from shortLongTermDebtTotal, last quarter) + Leases 216.2m
Net Debt = 1.96b CAD (calculated: Debt 2.93b - CCE 975.6m)
Enterprise Value = 18.8b CAD (16.9b + Debt 2.93b - CCE 975.6m)
Interest Coverage Ratio = 11.94 (Ebit TTM 1.20b / Interest Expense TTM 100.4m)
EV/FCF = 22.83x (Enterprise Value 18.8b / FCF TTM 825.1m)
FCF Yield = 4.38% (FCF TTM 825.1m / Enterprise Value 18.8b)
FCF Margin = 10.46% (FCF TTM 825.1m / Revenue TTM 7.89b)
Net Margin = 10.27% (Net Income TTM 810.6m / Revenue TTM 7.89b)
Gross Margin = 29.81% ((Revenue TTM 7.89b - Cost of Revenue TTM 5.54b) / Revenue TTM)
Gross Margin QoQ = 29.92% (prev 30.19%)
Tobins Q-Ratio = 1.70 (Enterprise Value 18.8b / Total Assets 11.0b)
Interest Expense / Debt = 3.42% (Interest Expense 100.4m / Debt 2.93b)
Taxrate = 26.18% (287.5m / 1.10b)
NOPAT = 884.9m (EBIT 1.20b * (1 - 26.18%))
Current Ratio = 1.39 (Total Current Assets 3.79b / Total Current Liabilities 2.74b)
Debt / Equity = 0.52 (Debt 2.93b / totalStockholderEquity, last quarter 5.66b)
Debt / EBITDA = 1.17 (Net Debt 1.96b / EBITDA 1.68b)
Debt / FCF = 2.37 (Net Debt 1.96b / FCF TTM 825.1m)
Total Stockholder Equity = 5.62b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.65% (Net Income 810.6m / Total Assets 11.0b)
RoE = 14.41% (Net Income TTM 810.6m / Total Stockholder Equity 5.62b)
RoCE = 16.17% (EBIT 1.20b / Capital Employed (Equity 5.62b + L.T.Debt 1.79b))
RoIC = 10.20% (NOPAT 884.9m / Invested Capital 8.68b)
WACC = 5.58% (E(16.9b)/V(19.8b) * Re(6.11%) + D(2.93b)/V(19.8b) * Rd(3.42%) * (1-Tc(0.26)))
Discount Rate = 6.11% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -96.59 | Cagr: -2.18%
[DCF] Terminal Value 76.58% ; FCFF base≈797.2m ; Y1≈861.6m ; Y5≈1.06b
[DCF] Fair Price = 90.54 (EV 16.2b - Net Debt 1.96b = Equity 14.2b / Shares 157.3m; r=8.35% [WACC [floored]]; 5y FCF grow 9.23% → 2.50% )
EPS Correlation: 97.20 | EPS CAGR: 9.22% | SUE: 0.72 | # QB: 0
Revenue Correlation: 99.01 | Revenue CAGR: 7.08% | SUE: 3.07 | # QB: 1
EPS current Quarter (2027-03-31): EPS=1.31 | Chg30d=-0.47% | Revisions=+50% | Analysts=4
EPS current Year (2026-12-31): EPS=5.08 | Chg30d=-0.22% | Revisions=-25% | GrowthEPS=+10.1% | GrowthRev=+6.6%
EPS next Year (2027-12-31): EPS=5.45 | Chg30d=-0.27% | Revisions=-29% | GrowthEPS=+7.3% | GrowthRev=+4.5%
[Analyst] Revisions Ratio: +0% (up=4, down=4)