Jamieson Wellness

L'entreprise

Jamieson Wellness is Canada's dominant vitamins, minerals and supplements (VMS) brand, with a heritage dating back over a century. It sells branded products under the flagship Jamieson name plus a specialty/sports-nutrition portfolio (including brands such as Progressive and Smart Solutions), and also runs a third-party manufacturing operation. The core Jamieson brand commands leading shelf share across Canadian retail and pharmacy channels.

The growth story extends well beyond Canada: Jamieson has been building international distribution, with China and other export markets as important expansion vectors, and has made acquisitions (such as youtheory in the U.S.) to broaden its footprint. The company benefits from structural tailwinds in consumer health and preventive wellness.

Trailing revenue is around CAD 850 million and growing at a low-double-digit rate, with net income rising strongly year over year. That combination of steady branded demand and international expansion gives the business a growth-staple profile.

Les avantages concurrentiels

The Jamieson brand is Canada's leading VMS name with deep consumer trust and dominant shelf share.

Vertically integrated manufacturing (including third-party production) supports quality control and margins.

An international expansion runway (notably China and the U.S.) on top of a defensive domestic base.

Aperçu financier

Période déclarée la plus récente : Q1 2026 (TTM). Les chiffres reflètent la date de révision — confirmez les chiffres actuels avant d'agir.

Rendement du flux de trésorerie disponible et croissance durable

Rendement du flux de trésorerie disponible : ≈4.1% (est.)Trailing P/E ~24x implies a ~4.1% earnings yield; asset-light branded VMS supports a comparable FCF yield

Branded VMS is an attractive, relatively asset-light consumer-health model that supports healthy margins and steady cash generation, funding both the dividend and reinvestment in growth.

Growth is driven by domestic brand strength plus international expansion (China and U.S.) and acquisitions; revenue has been compounding at a low-double-digit rate with net income growing faster as the mix and scale improve.

Voir le classement complet du rendement du flux de trésorerie disponible →

Valorisation et points à surveiller

Jamieson trades around a low-to-mid-20s trailing P/E, a premium to slower staples that reflects its brand strength, category tailwinds and international growth runway. The forward multiple is meaningfully lower (high-teens), implying the market expects continued earnings growth.

The multiple is reasonable for a branded consumer-health compounder with double-digit revenue growth, though it does price in successful execution on the international expansion.

Dividende

Pays a CAD 0.92 annual dividend for a yield around 2.2%, which the company has been growing.

Risques et scénario baissier

• International expansion (especially China) carries regulatory, distribution and demand-volatility risk.
• The premium multiple leaves little room for a growth stumble.
• Input-cost inflation and competitive private-label pressure in the VMS category.
• Integration and execution risk on acquisitions such as the U.S. business.

Faits récents

As of 2026-08-05, this profile reflects Jamieson Wellness's Q1 2026 (TTM); consult the company's latest filings and the linked sources for any developments since.

Verdict

A high-quality branded consumer-health leader combining a defensive Canadian base with a genuine international growth runway, trading at a justified premium multiple. The main watch item is execution on overseas expansion. An attractive growth-staple for investors willing to pay up for brand and growth — reasonable-to-good conviction.