Canada Packers Inc

CPKR.TO

Not Compliant
Exchange
Sector
Headquarters
Group
TSE
Consumer Non-Cyclicals
Canada
Small Cap

Canada Packers Inc is not Shariah Compliant because of its involvement in Meat Processing and related activities.

-

Impure Income*

$10.223

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Small Cap
BUY
-8.75%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
7.92%
5.79%
2.12
2.66
-50.84%

Shariah Compliance

Debt
95.39%
✗
Non-Compliant Assets
✓
Impure Income

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
87.89%
✗
Impure Income

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
87.89%
✗
Impure Income

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
51.71%
✗
Cash
4.93%
✓
Cash & AR
12.63%
✓
Impure Income

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
51.71%
✗
Cash
4.93%
✓
Cash & AR
12.63%
✓
Impure Income

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
-

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Canada Packers Inc. is a Canada-based producer of raised without antibiotics (RWA) pork. The Company delivers a premium mix of products to a diverse mix of customers in North America and across the globe. Its integrated operations span hog production, processing, and value-added innovation. Its operations include facilities in Lethbridge, Alberta, which offers a specialized Japanese-style processing facility producing premium chilled pork; Brandon, Manitoba, which is a pork processing plant, and Landmark, Manitoba, which operates hog production with animal welfare standards. Its farming network spans more than 200 farms across Western Canada, combining internally raised hogs with contract farmers. It serves customers in more than 15 countries across North America, South America, Asia, and Oceania.

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