TSX · Packaging & Containers · CAD

Cascades Inc. (CAS.TO) Stock Analysis

Cascades Inc. (CAS.TO) is a Packaging & Containers stock listed on TSX and quoted in Canadian Dollar.

CAS.TO

CA$17.09

+CA$0.17 (+1.00%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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CAS.TO Key Statistics

As of Sep 4, 2026

Trading

Open: CA$16.88
Previous Close: CA$16.92
Day's Range: 16.88–17.21
52-Week Range: 9.35–17.97
Volume: 367.90K
Beta: 0.71

Valuation

Market Cap: CA$1.73B
P/E Ratio: 13.78
Forward P/E: 8.63
P/S ratio: 0.36
EPS (ttm): 1.24

Financials (FY)

Revenue (FY): CA$4.78B+1.60%
Net Income (FY): CA$70.00M
Profit margin: 2.64%
Shares Outstanding: 101.42M
1-Year Return: +78.33%

Dividend and dates

Dividend: CA$0.48+2.84%
Ex-Dividend Date: August 20, 2026
Earnings Date: November 5, 2026estimated
Avg Volume: 469.52K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

CAS.TO Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

−36.46%+56.69%+40.19%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	+40.19%
2025	+9.65%
2024	−1.82%
2023	+56.69%
2022	−36.46%
2021	−1.37%
2020	+32.84%
2019	+12.01%
2018	−23.95%
2017	+13.88%
2016 (partial year)	+31.56%

As of September 4, 2026.

CAS.TO Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	CA$4.78B	CA$70.00M	1.5%
2024	CA$4.70B	−CA$31.00M	−0.7%
2023	CA$4.64B	−CA$76.00M	−1.6%
2022	CA$4.47B	−CA$34.00M	−0.8%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	CA$4.78B	CA$1.95B	CA$295.00M	CA$70.00M	1.5%
2024	CA$4.70B	CA$1.85B	CA$200.00M	−CA$31.00M	−0.7%
2023	CA$4.64B	CA$1.90B	CA$274.00M	−CA$76.00M	−1.6%
2022	CA$4.47B	CA$1.63B	CA$144.00M	−CA$34.00M	−0.8%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

CAS.TO Dividend History

’16’17’18’19’20’21’22’23’24’25’26*

CA$0.48+0.0% vs 2024

Dividends per share, 2025 · 4 payments

Year	Dividends per share	Payments	Change
2026*	CA$0.36	3	—
2025	CA$0.48	4	+0.0%
2024	CA$0.48	4	+0.0%
2023	CA$0.48	4	+0.0%

Year	Dividends per share	Payments	Change
2026 (partial year)	CA$0.36	3	—
2025	CA$0.48	4	+0.0%
2024	CA$0.48	4	+0.0%
2023	CA$0.48	4	+0.0%
2022	CA$0.48	4	+20.0%
2021	CA$0.40	4	+25.0%
2020	CA$0.32	4	+33.3%
2019	CA$0.24	4	+50.0%
2018	CA$0.16	4	+0.0%
2017	CA$0.16	4	+300.0%
2016	CA$0.04	1	—

Most recent payment: CA$0.12 per share, ex-dividend August 20, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

CAS.TO Valuation vs Packaging & Containers Median

Median of 27 stocks

Metric	CAS.TO	Packaging & Containers median	vs median
P/E	13.78	17.29	20% below
P/S ratio	0.36	0.91	60% below
Profit margin	2.64%	4.34%	1.7 pts below

Medians across 27 Packaging & Containers stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Analysis

Data-derived

Company Overview

The market values Cascades Inc. (CAS.TO) at CA$1.73B. The company sits in the Consumer Cyclical sector, in the Packaging & Containers industry. Headcount on file is 8,900.

The most recent close on file for CAS.TO is CA$17.09, dated September 4, 2026. That is +CA$0.17 (+1.00%) against the previous close. The 52-week range on file runs from CA$9.35 to CA$17.97. The latest close sits 82.78% above that 52-week low.

Financial Health

In fiscal 2025, Cascades Inc. reported revenue of CA$4.78B. That is +1.60% against the prior fiscal year, when revenue was CA$4.70B. Net income for the same year was CA$70.00M. Profit margin runs at 2.64%. That is 1.7 percentage points below the Packaging & Containers median of 4.34%. Earnings per share on a trailing basis come to 1.24.

Across the 4 fiscal years on file, revenue moves from CA$4.47B in 2022 to CA$4.78B in 2025. Of those 4 years, 1 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 13.78 times earnings. That is 20.3% below the Packaging & Containers median of 17.29. The forward P/E on file is 8.63. The price-to-sales ratio is 0.36. On price-to-sales that is 60.14% below the Packaging & Containers median of 0.91. 27 Packaging & Containers companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the price has returned +78.33%. Across 10 years the annualized return works out at +7.43%. The reported beta is 0.71. Daily returns over the trailing 10 years annualize to a volatility of 35.91%.

Growth & Income

Shareholders receive a dividend, yielding 2.84% on the latest price. At the indicated rate that is CA$0.48 a share a year. The ex-dividend date on file is August 20, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling CA$0.36 a share. The year before, 2025, totalled CA$0.48 a share.

2026 is still running; the price is +40.19% year to date. Across the complete calendar years on file, 2023 returned +56.69% and 2022 returned −36.46%. Of the 9 complete calendar years on file, 5 finished higher.

Peer Comparison

Cascades Inc. (CAS.TO) operates in the Packaging & Containers industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Cascades Inc.	CAS.TO	CA$1.73B	13.8
Smurfit Westrock Plc	SW	CA$24.04B	48.2
Packaging Corporation of America	PKG	CA$21.14B	30.9
Amcor plc	AMCR	CA$20.87B	19.3

The Packaging & Containers industry average P/E ratio is 17.3x. Cascades Inc. trades at a P/E of 13.8.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Cascades Inc.

Cascades Inc., together with its subsidiaries, produces, converts, and markets packaging and tissue products in Canada and the United States. The company operates through two segments, Packaging Products, and Tissue Papers. It offers food packaging solutions, such as trays and accessories, produce baskets, boxes and trays, egg packaging, bulk bins, and cup carriers; protective packaging, including regular boxes, protection and handling, die-cut boxes, shipping trays, and large format boxes; e-commerce packaging solutions comprising adjustable cardboard boxes, compact mailer boxes, die-cut mailer boxes, and quick assembly boxes; and retail and customer packaging, die-cut mailer boxes, and POS and displays. The company also provides hygiene and tissue paper products; and fiber based materials, which includes tissue paper jumbo rolls, containerboard, specialty papers, technological barrier solutions, and uncoated recycled paperboard. In addition, it offers transportation, specialized warehousing, and inventory management services; and recycling solutions consisting of recycling services, brokering and trading materials, secure shredding, recycling equipment, industrial and commercial, retailers and grocers, municipal sector, and graphic design and printing. The company provides its products and services under the Cascades Fresh, Cascades Protect, Cascades IMGN, Cascades Fluff & Tuff, and Cascades PRO brand names. Cascades Inc. was incorporated in 1964 and is headquartered in Kingsey Falls, Canada.

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