Park Lawn Corporation (V:PLC)

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Business Focus: Funeral Services

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Sector:  Consumer Non-Cyclicals Industry:  Personal Services
See Regulatory Filings on SEDAR
Company Contact
Address: Suite 1300 Floor 12A, 2 St Clair Ave W
Tel: N/A
IR: See website
Key People
Business Overview
Park Lawn Corporation provides goods and services associated with the disposition and memorialization of human remains. The Company's products and services are sold to people on a pre-planned basis or at the time of a death. It owns and operates over six cemeteries in the Greater Toronto Area and operates the crematorium at the Brampton Crematorium and Visitation Centre. It owns Midwest Memorial Group, LLC, which owns over 26 cemeteries and manages approximately two cemeteries in the state of Michigan; Amety Ltd., which owns or operates over seven Tubman Funeral Homes in Eastern Ontario and Western Quebec; Parkland Ltd., which owns over six funeral homes in Manitoba and Saskatchewan; Mundell Funeral Home Limited, a provider of funeral services in Orillia, Ontario, and Basic Funerals Division, the discount funeral operation in Ontario. Its services and products include sale of lots, cremation lots and niches; sale of markers and monument for lots, and sale of crypts in mausoleums.
Financial Overview
For the nine months ended 30 September 2018, Park Lawn Corp revenues increased 81% to C$110.8M. Net income increased from C$1.9M to C$4.5M. Revenues reflect Sales increase of 84% to C$101.5M, Interest and other Income increase from C$1.4M to C$3.1M, Income from care and maintenance funds increase of 33% to C$6.2M. Net income benefited from Foreign exchange gain (loss) decrease from C$1M (expense) to C$0K.
Employees: 93 as of Dec 31, 2014
Reporting Currency: Canadian Dollars
Enterprise value: $576.87M as of Sep 30, 2018
Annual revenue (TTM): $136.73M as of Sep 30, 2018
EBITDA (TTM): $22.44M as of Sep 30, 2018
Net annual income (TTM): $6.77M as of Sep 30, 2018
Free cash flow (TTM): $10.19M as of Sep 30, 2018
Net Debt Last Fiscal Year: $48.87M as of Sep 30, 2018
Shares outstanding: 23,149,124 as of Mar 5, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization