Daily Stock Analysis: Intertape Polymer Group (ITPOF)

Intertape Polymer Group Inc. has the ticker symbol ITPOF and is a small cap member of the consumer cyclical sector as a packaging and containers firm. This is my first report on ITPOF for this Vista folio but I have previously reported on this company in 2018 for an earlier portfolio.

Intertape Polymer Group Inc manufactures and sells a variety of packaging products. Its primary product categories include tapes, films, and woven coated fabrics. The company's tapes include pressure-sensitive and water-activated carton sealing tapes, and flatback, duct, double-coated, foil, electrical, and filament tapes. 

Intertape's film products include stretch wrap, shrink film, air pillows used for protective packaging, and packaging machines. The woven coated fabrics include building and construction products and specialty fabrics. 

Intertape Polymer Group Inc. was founded in 1981 and is headquartered in Montreal, Canada. The majority of revenue comes from the United States.

Three key data points gauge dividend equities or funds like Intertape Polymer Group Inc. (ITPOF):

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether a company has made, is making, and will make money. 

ITPOF Price

Intertape's price per share closed at $25.02 yesterday. One year ago its price was $7.30.Thus, the price per share has grown nearly71% as it recovered from last-year's COVID market slump. 

Should Intertape Polymer Group Inc. stock trade in the range of $10 to $30.00 this next year, its recent $23.02 price might rise by $2.23 to reach $27.25 by May 14, 2022. My estimate is based on the ITPOF average annual price increase over the past ten years.

ITPOF Dividends

Intertape's most recent quarterly dividend of $0.1575 is payable June 30th. That equates to $0.63 annually with a yield of 2.52% at yesterday's $25.02 closing price. Intertape Polymer Group Inc. has paid regular quarterly dividends (generally increasing annually) for 8 years. 

ITPOF Returns

Adding the $0.63 annual Intertape Polymer Group forward-looking dividend to my $2.23 price upside estimate shows a $2.86 potential gross gain, per share, to be reduced by any costs to trade the shares.  

If we put a little over $1,000.00 today in Intertape Polymer at $25.02 per share, we'd buy 40 shares.

A $10 broker fee (if charged) would be paid half at purchase and half at the sale and might cost us about $0.25 per share.

Subtract that maybe $0.25 brokerage cost from my estimated $2.86 gross gain per share results in a net gain of $2.61 X 40 shares = $104.40. for an 10.4% net gain on a $1,000.80 investment.

So it is that Intertape Polymer Group Inc shows a possible 10.4% net gain including a 2.52% forward looking dividend yield. 

Over the next year at this time, a $1000 investment in ITPOF could generate $25.20 in cash dividends. And a single share bought at yesterday's closing price was $25.02! So, if ITPOF is your kind of packaging and container-making investment, Intertape Polymer Group Inc is showing the share price just below the expected annual dividend income from $1,000 invested. This suggests now is a prime time to add Intertape Polymer Group Inc. to your holdings. 

All of the estimates above are speculation based on the past history of Intertape Polymer Group Inc. (ITPOF). Only time and money invested in this stock will determine its worth.

Disclaimer:   This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a ...

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