It was a tough day for Cascades Inc. (CAS:CA) as its stock fell 7.62% to finish the day at $13.22 a share on November 10. That reduces the company's market cap to 1.25 billion on 94.72 million outstanding shares.
How far off is Cascades Inc (TSX:CAS) from its intrinsic value? Using the most recent financial data, I am going to take a look at whether the stock is fairly priced by taking the expected future cash flows and discounting them to today's value.
Cascades Inc. is investing US$80 million to build a new 400,000, sq. ft. manufacturing plant in New Jersey. The Quebec-based company, which makes tissue paper and packing material, said the new site will create 120 new jobs in Piscataway, N.J.
Cascades logo Cascades Inc (TSE:CAS) announced a quarterly dividend on Tuesday, November 21st, TickerTech reports. Investors of record on Friday, December 1st will be paid a dividend of 0.04 per share on Friday, December 1st.