Saputo Inc. SAP

TSX | Producer | Dairy

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Full analysis: 7 Aug 2026 Latest news check: 8 Aug 2026

General analysis — not personal advice.

HOLD 7/10
Confidence
Existing position can be maintained at current valuation.
Stable profitability, margin expansion and strong cash flow outweigh commodity risk and limited growth.
Market sentiment 7/10
Trend: Improving
The market reacts positively to margin expansion and capital returns after the report.
Price context
The stock closed at 40.57 CAD after the Q1 move and sits about 10 % below the 52-week high yet 38 % above the low.
Risk assessment 4/10
Dilution: Low Strong cash flow and share buybacks
Jurisdiction: Low Core markets in stable countries
Execution: Medium Mixed track record on cost programs
Recent changes
  • Results beat on revenue and adjusted EBITDA following margin gains and capital returns.

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About the company
Saputo Inc. is one of the world's ten largest dairy producers with operations in Canada, the US, UK and Australia. The company manufactures and distributes cheese, milk, cream and protein ingredients. Operations are in a mature phase with focus on cost efficiency and margin expansion.
Sector: Dairy
Type: Producer
Next report
6 Nov 2026
Q2
Horizon:
Bull case
Strong demand for protein ingredients and completed efficiency programs drive margin improvements.
Bear case
Volatile dairy commodity prices and lower US revenue pressure top-line growth.
Sensitivity analysis
Factor If it weakens If it strengthens
Dairy commodity prices Lower commodity prices → reduced revenue and margin pressure in the US segment. Higher commodity prices → improved revenue and stronger cash flow.
US network optimization Delayed or insufficient impact → continued margin pressure and lower profitability. Successful implementation → higher margins and improved competitiveness.

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Signal rationale (informational)
Stable profitability, margin expansion and strong cash flow outweigh commodity risk and limited growth.
Recent news
  • Saputo reported Q1 FY2027 results that beat expectations on both revenue and adjusted EBITDA. The company raised the dividend by 5 % and repurchased CAD 300 million of shares.

Key figures

Revenue
FY 2027
CAD 4.4B
Revenue TTM
fiscal year 2026
CAD 17.6B
EBITDA
Q1 2027
CAD 427M
Net income
FY 2027
CAD 183M
Cash
Q1 2026
CAD 183M
Total debt
Q1 2026
CAD 8,802M
Gross margin
FY 2026
16.0%
Shares outstanding
Q2 2026
409M
EPS
FY 2027
CAD 0.45

Price & valuation

Last close
CAD 42.17
2026-08-11
Market Cap
CAD 17.3B
2026-08-11
1 week
+7.8 %
3 months
+4.4 %
12 months
+29.4 %
From 52w high
-6.4 %
From 52w low
+31.5 %
Exchange
TSX
Type
Producer
Sector
Dairy

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Saputo Inc. SAP
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Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.