SAP.TO Saputo Inc

Exchange

TSX

Sector

Diversified Industries

Industry

Market Cap.

10.369B

Excellent Cash Return on Invested Capital over the past 5 years

SAP.TO has efficiently invested its financial resources in buildings, projects, and equipment, resulting in strong returns. Annual Reports can be useful in identifying the cause of one-time events and future sustainability.

SAP.TO has created $15.53 of cash for every $100 invested.

Figures in CAD. Fiscal year ends in March

	2008	2009	2010	2011	2012
Free Cash Flow	189.34M	345.43M	476.74M	478.09M	404.40M
divided by
Invested Capital	1.80B	2.50B	2.51B	2.59B	2.55B
Cash ROIC	10.49%	13.84%	19.01%	18.47%	15.84%

Excellent Return on Equity over the past 5 years

Over the past 5 years, SAP.TO has generated strong profits with money shareholders have invested. This is considered one of the best indicators of quality management. Beware of extremely high Return on Equity (> 50%) as this is often unsustainable.

SAP.TO has generated $18.02 of Earnings for every $100 of Shareholders' Equity.

Figures in CAD. Fiscal year ends in March

	2008	2009	2010	2011	2012
Net Income	288.20M	278.95M	382.71M	451.12M	380.84M
divided by
Stockholders' Equity	1.62B	1.97B	2.03B	2.13B	2.11B
Return on Equity	17.80%	14.14%	18.87%	21.22%	18.09%

Excellent Business Performance over the past 10 years

SAP.TO has been able to maintain profitability in good times and bad. This could mean SAP.TO has an extremely strong business or has the ability to scale down costs when needed. This should be a fairly resilient business, but double check for future sustainability by looking at its Risk Factors in the Annual Report.

SAP.TO has created positive free cash flow for 9 or more of the past 10 years.

Figures in CAD. Fiscal year ends in March

	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012
Free Cash Flow	152.94M	197.13M	194.70M	203.42M	267.37M	189.34M	345.43M	476.74M	478.09M	404.40M