Please reference this prior answer. Choosing a time range can have a big influence on returns. PBH is up 40% from seven years ago, but up 145% from exactly eight years ago. It is up 9% this year, nine percentage points ahead of the TSX. None of these returns include dividends. It is up 60% since it was added to the 5i Balanced Portfolio. Now, these are not 'stellar' returns, but consensus calls for 20% growth next year, higher than its valuation multiple. EPS has tripled since 2015, and, considering its stable and growing cash flow, we remain comfortable with it. We show IGM with a five-year return of -5.7% and PBH with a five-year return of 26.7%.
5i Research Answer: