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Lassonde Industries

LAS-A.TO
61
Beverages - Non-Alcoholic · Consumer Defensive
Exchange
Toronto Stock Exchange
Winston Score
61
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Mar 31, 2026
How the score breaks down
Quality
Mixed
Growth
Exceptional
Cash Flow
Strong
Stability
Strong
Valuation
Good

Winston Score History

The full picture

Lassonde Industries is a Canadian food and beverage company that makes fruit juices, drinks, and specialty foods. Its best-known brands include Oasis, Allen's, and Sun-Rype, and it sells products to grocery stores, retailers, and foodservice customers across Canada and the United States. It is one of the largest juice producers in North America.

Lassonde earns money by manufacturing and selling packaged beverages and food products, with revenue coming from both its own brands and private-label contracts made for retailers. The company operates primarily in Canada and the U.S., generating roughly $2 billion in annual sales, and its scale in juice production and long retailer relationships give it a degree of stability. The main risk the business faces is rising input costs — particularly fruit concentrate and packaging materials — which can squeeze margins when the company cannot pass those costs on to customers quickly enough.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-5.1% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+49.4% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

1.1%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

C$15M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Lassonde Industries's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Profit per sale
Gross Margin
28.4%
Modest — 28.4% gross margin
Profit after running costs
Operating Margin
7.8%
Modest — 7.8% operating margin
Return on the money invested
ROCE
14.5%
Good — 14.5% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+6.1%
Slow sales growth (+6.1% YoY)
Profit growth
EPS YoY
+41.0%
Earnings growing fast (+41.0% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
8/8 quarters
Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash
Cash Conversion
190%
Turns 190% of profit into real cash
Spare cash per sale
FCF Margin
5.4%
Thin free cash flow (5.4%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
0.37
Conservative — low debt load (0.37)
Covers its interest
Interest Cover
6.42x
Adequate interest coverage (6.4x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
10.8x
no trend
Attractive valuation — P/E 10.8

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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