Saputo Inc.

SAP.TO

Compliant
Exchange
Sector
Headquarters
Group
TSE
Consumer Non-Cyclicals
Canada
Large Cap

Saputo Inc. is Shariah Compliant. It passes 8/5 Shariah standards we screen against.

-

Impure Income*

-

Purification*

$0.060

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Large Cap
BUY
33.51%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
10.30%
6.13%
0.64
0.82
8.62%

Shariah Compliance

Debt
18.18%
✓
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
21.87%
✓
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
21.01%
✓
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
22.43%
✓
Cash
3.69%
✓
Cash & AR
13.96%
✓
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
22.43%
✓
Cash
3.69%
✓
Cash & AR
13.96%
✓
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

Saputo Inc. is a Canada-based dairy processor, which produces, markets, and distributes a wide array of dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. The Company is a cheese manufacturer and fluid milk and cream processor in Canada, and a dairy processor in Australia. In the United States of America, it is a cheese producer and extended shelf-life and cultured dairy products manufacturer. In the United Kingdom, it is a manufacturer of branded cheese and dairy spreads. In addition to its dairy portfolio, the Company produces, markets, and distributes a range of dairy alternative products. Its products are sold in several countries under market-leading brands, as well as private label brands. Its brands include Alexis de Portneuf, Armstrong, Baileys, Bari, Baxter, Cathedral City, Cogruet, DuVillage 1860, Heluva Good!, Kingsey, Milk2Go Sport, Neilson, Nutrilait, Saputo, and Wensleydale Creamery.

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