Pollard Banknote stock analysis
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Pollard Banknote (PBL) Stock Price & Analysis
PBL Stock Chart & Stats
- Day’s Range
- CAD 14.75 - CAD 15.08
- 52-Week Range
- CAD 14.57 - CAD 20.88
- Previous Close
- CAD 15.05
- Volume
- N/A
- Average Volume (3M)
- 20.38K
- Market Cap
- CAD 408.12M
- Enterprise Value
- CAD 646.76M
- Total Cash (Recent Filing)
- CAD 13.86M
- Total Debt (Recent Filing)
- CAD 201.89M
- Price to Earnings (P/E)
- 16.4
- Beta
- 0.85
- Next Earnings
- Mar 10, 2027 (Est.)
- EPS Estimate
- 0.35
- Next Dividend Ex-Date
- Dec 31, 2026
- Dividend Yield
- 1.33%
Bulls Say, Bears Say
Bulls Say
Strong Revenue Growth
Revenue growth of 43% demonstrates strong demand across lottery products, services, and digital offerings. Sustained top-line expansion can deepen customer relationships, support investment in technology and capacity, and provide a foundation for rebuilding profitability over the next several quarters.
Expanding Contract Base
Multiple contract wins, extensions, and launches broaden Pollard’s recurring lottery footprint across digital and instant-ticket markets. This customer and geographic expansion supports future revenue visibility, creates cross-selling opportunities, and reduces reliance on any single contract or jurisdiction.
Manageable Leverage
Leverage remains manageable at roughly half of equity, while cumulative equity growth supports a larger asset base and balance-sheet resilience. This financial position should preserve flexibility to fund contract implementation, technology investment, and operational improvements without excessive balance-sheet strain.
Bears Say
Margin Compression
The sharp decline in gross and EBITDA margins shows that revenue growth is currently converting less effectively into earnings. Unless product mix, pricing, and operating costs improve, lower profitability could constrain reinvestment capacity and weaken the durability of future earnings growth.
Manufacturing Inefficiencies
Recurring production inefficiencies, material spoilage, and rework are directly pressuring margins and limiting output. Management’s multi-year remediation timeline indicates that the issue may remain a meaningful execution burden, with improvement dependent on sustained operational discipline and investment.
Weaker Cash Conversion
Although operating and free cash flow remain positive, the roughly 50% decline in free cash flow and weaker conversion reduce the cash available for reinvestment, debt service, or shareholder returns. Continued working-capital requirements may keep reported growth from translating into near-term cash generation.
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Pollard Banknote Stock Smart Score
Company Description
Pollard Banknote
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.
- Sector
- Consumercyclical
- Industry
- Gambling, Resorts & Casinos
- CEO
- John S. Pollard
- Employees
- 2,555
- Website
- www.Pollardbanknote.com
- Address
- 140 Otter Street, Winnipeg, MB, R3T 0M8, CA
Pollard Banknote (PBL) Earnings & Revenues
PBL Earnings Call
Earnings Call SentimentPositive
The call had a positive strategic tone despite weaker-than-expected third-quarter financial results. Management highlighted multiple digital and instant ticket contract wins, strong charitable and eTab demand, improving pricing, and a positive outlook for the fourth quarter and 2027. These positives were tempered by lower gross profit, adjusted EBITDA, net income and EPS, manufacturing inefficiencies, the Michigan contract expiry, working capital investment, and Kansas remaining loss-making.
View all TSE:PBL earnings summariesPBL Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 6 | 1 | 15 |
| Technical Analysis | 6 | 1 | 3 |
| Moving Averages | 0 | 0 | 12 |











