Last C$27.00 CAD
Change Today +0.20 / 0.75%
Volume 79.9K
AD On Other Exchanges
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As of 4:00 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

alaris royalty corp (AD) Snapshot

Open
C$26.62
Previous Close
C$26.80
Day High
C$27.55
Day Low
C$26.51
52 Week High
11/12/13 - C$37.70
52 Week Low
02/3/14 - C$23.79
Market Cap
775.5M
Average Volume 10 Days
135.0K
EPS TTM
C$1.48
Shares Outstanding
28.7M
EX-Date
04/28/14
P/E TM
18.2x
Dividend
C$1.44
Dividend Yield
5.20%
Current Stock Chart for ALARIS ROYALTY CORP (AD)

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alaris royalty corp (AD) Details

Alaris Royalty Corp. is a private equity firm specializing in buyouts, middle market, and mature investments. The firm does not invest in turn-around situations. It prefers to invest in the companies based in all industries except for those with a declining asset base, such as oil and gas resource companies, or any industry that carry the risk of obsolescence such as high tech. The firm seeks to invest in companies raising capital for a partial exit, generational transfer, recapitalization, and growth and who do not want to give up control or chance the added risk that comes with high leverage levels. It prefers to invest in companies that are family controlled. The firm typically provides alternative financing for a diversified group of private businesses ("Private Company Partners") in exchange for royalties or distributions from the Private Company Partners, with the principal objective of generating stable and predictable cash flows for dividend payments to its shareholders. It seeks to invest in the companies based primarily in Canada and then in United States. The firm might invest in the companies based in Europe. It typically invests between $CAD5 million ($4.77 million) and $CAD50 million ($47.70 million) in companies with an enterprise values between $CAD10 million ($9.54 million) and $CAD200 million ($190.83 million) and EBITDA between $CAD5 million ($4.77 million) and $CAD100 million ($95.41 million). However, for larger companies, transactions can be structured to include additional investments. The firm seeks to invest in industries that do not experience large cyclical swings. It does not own any shares and does not require board representation. The firm invests through balance sheet. It prefers to make minority investments in its portfolio companies. Alaris Royalty Corp. was founded in 2008 and is based in Calgary, Canada.

10 Employees
Last Reported Date: 03/10/14
Founded in 2008

alaris royalty corp (AD) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$250.0K
Chief Financial Officer
Total Annual Compensation: C$215.0K
Chief Legal Officer and Corporate Secretary
Total Annual Compensation: C$187.5K
Vice President of Investments and Investor Re...
Total Annual Compensation: C$113.3K
Senior Vice President of Business Development
Total Annual Compensation: C$135.0K
Compensation as of Fiscal Year 2013.

alaris royalty corp (AD) Key Developments

Alaris Royalty Corp. Declares April Dividend, Payable on May 15, 2014

Alaris Royalty Corp. announced that the Board of Directors of the Corporation has declared a dividend of $0.12 per common share, representing $1.44 per share on an annualized basis. The dividend is payable on May 15, 2014 to shareholders of record on April 30, 2014. The ex-dividend date is April 28, 2014.

Alaris Royalty Corp. Declares March 2014 Dividend Payable on April 15, 2014

Alaris Royalty Corp. announced that the Board of Directors of the company declared a dividend of $0.12 per common share for March 2014, representing $1.44 per share on an annualized basis. The dividend is payable on April 15, 2014 to shareholders of record on March 31, 2014. The ex-dividend date is March 27, 2014. This dividend is designated by the company to be an eligible dividend for the purpose of the Income Tax Act (Canada) and any similar provincial or territorial legislation. An enhanced dividend tax credit applies to eligible dividends paid to Canadian residents.

Alaris Royalty Corp. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Provides Earnings Guidance for the First Quarter and Full Year 2014

Alaris Royalty Corp. reported consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company recorded a loss of CAD 2.9 million due to the one-time write down of the entire CAD 15.5 million value of the investment in SHS compared to CAD earnings of CAD 4.931 million a year ago. Normalized EBITDA was CAD 13.658 million compared to CAD 7.543 million a year ago. LBITDA was CAD 1.071 million compared to EBITDA of CAD 7.864 million a year ago. In fourth quarter there was 41% increase in normalized EBITDA per share to CAD 0.48. Revenue from partners per share was CAD 0.54, up from CAD 0.41 a year earlier. Net cash from operating activities per share was CAD 0.51 compared to CAD 0.23 a year ago. For the year, the company reported total revenue of CAD 49,595,236 against CAD 32,105,914 a year ago. Earnings from operations were CAD 40,134,886 against CAD 25,998,663 a year ago. Earnings before taxes were CAD 40,367,314 against CAD 24,723,477 a year ago. Earnings were CAD 29,823,497 or CAD 1.09 per fully diluted share against CAD 18,035,603 or CAD 0.84 per fully diluted share a year ago. Net cash from operating activities was CAD 43,745,944 against CAD 26,463,749 a year ago. Acquisition of equipment was CAD 15,290 against CAD 9,835 a year ago. The corporation recorded EBITDA of CAD 42.2 million and Normalized EBITDA of CAD 43.9 million, compared to EBITDA of CAD 25.9 million and Normalized EBITDA of CAD 26.1 million in the prior year. The increase in earnings and EBITDA can be attributed to the addition of new Partners and follow on contributions to Agility, Killick and LMS toward the end of 2013. Net cash from operating activities per share was CAD 1.64 compared to CAD 1.26 a year ago. Normalized EBITDA per share was CAD 1.65 compared to CAD 1.25 a year ago. Revenue from partners per share was CAD 1.97 compared to CAD 1.53 a year ago. For the first quarter of 2014, the company's agreements with its partners provides for estimated revenue to the Corporation of approximately CAD 15.6 million. On a per share basis, revenues in the first quarter of 2014 are expected to be the same as the fourth quarter in 2013 at CAD 0.54 per share and 22.7% higher than the revenue per share numbers reported for the first quarter of 2013 (CAD 0.44 per share). For the year 2014, the company's agreements with its Partners provide for estimated revenue to the corporation of approximately CAD 63.2 million.

 

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Valuation AD Industry Range
Price/Earnings 23.9x
Price/Sales 14.9x
Price/Book 1.7x
Price/Cash Flow 25.0x
TEV/Sales 13.8x
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