The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

SAP.TO

Concerning the House

Saputo Inc. produces, markets, and distributes dairy products in Canada, the United States, Australia, and the United Kingdom. The company offers mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, parmesan, goat cheese, feta, havarti, snacking, romano, string, blue, and soft and processed cheeses; and brie, camembert, brick, colby, farmer, munster, monterey jack, and fresh curd. It also provides fluid milk, cream, yogurt, sour cream, cottage cheese, and ice cream mixes; and butter and butter blends, flavored cream, dips, half and half, whipping cream, value-added beverages, creamers, coffee beverages, aerosol whipped toppings, almond and oat milk, and aseptic food products and beverages. In addition, the company offers dairy ingredients, including milk powder, whey powder, lactose, and whey protein concentrates, as well as lactoferrin and infant formula; spreads and oils; demineralized whey, lactose, casein, galacto-oligosaccharides, dairy ingredient blends, and nutritional products; and distributes fine imported cheese to specialty stores, and dairy and non-dairy products manufactured by third parties, as well as dairy alternative products. It serves customers in the retail, foodservice, and industrial markets. The company sells its products under the Saputo, Armstrong, Alexis de Portneuf, Bari, Cogruet, DuVillage 1860, Kingsey, Shepherd Gourmet Dairy, Stella, Woolwich Goat Dairy, Dairyland, Neilson, Nutrilait, Baxter, Scotsburn, Trutaste, Milk2Go/Lait's Go, Baileys, Heluva Good, Black Creek, Frigo, Frigo Cheese Heads, Lugano, Montchevre, Mozzeria, Saputo Gold, Treasure Cave, DairyStar, Friendship Dairies, Caboolture, CHEER, Cracker Barrel, Devondale, Great Ocean Road, Liddells, Mersey Valley, Mil Lel, Murray Goulburn Ingredients, Sungold, Tasmanian Heritage, Cathedral City, Clover, Country Life, Davidstow, Frylight, Wensleydale Creamery, Vitalite, and Sheese brands. Saputo Inc. was founded in 1954 and is headquartered in Montreal, Canada.

Canada · www.saputo.com

The Ledger
LineMar 2025Jun 2025Sep 2025Dec 2025
Revenue$4.75B$4.63B$4.72B$4.89B
Gross profit$1.48B$1.48B$1.52B$1.61B
Operating income$210.00M$271.00M$293.00M$336.00M
Net income$74.00M$165.00M$185.00M$220.00M
Diluted EPS0.400.450.53
Free cash flow$217.00M$252.00M$288.00M$319.00M
CapEx-$145.00M-$65.00M-$84.00M-$82.00M
Quotation

$42.65

+0.46 (+1.1%)

52w hi$44.84
52w lo$32.00
Vol990.14K
As ofAug 13
The Verdict

Hold

Our score +0.02

Short+0.26
Medium-0.17
Long-0.09

computed 2026-08-13

By the Numbers

Saputo Inc.

Consumer Defensive · Packaged Foods

Market cap$16.93B
Enterprise value$19.23B
Trailing P/E24.51x
Forward P/E18.05x
EV / EBITDA11.39x
P / S (ttm)0.96x
Profit margin2.9%
Return on equity10.4%
Revenue growth+1.5%
Earnings growth-98.7%
Debt / equity41.86
Risk Metrics
Beta vs SPX0.30
Corr SPX0.21
Annual vol23.4%
Annual ret+20.1%
Sharpe0.86
Max DD-23.3%

Window: 504 trading days (493 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.26
Sector+0.02
Technical-0.05
Earnings+0.00
Sentiment+0.45

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$42.15$42.75$42.03$42.65990.14K
Aug 12$41.96$42.33$41.66$42.19524.10K
Aug 11$41.88$42.38$41.62$42.17665.60K
Aug 10$40.53$42.15$40.52$41.94917.40K
Aug 7$39.64$40.57$38.67$40.57848.20K