A Valuation of Canada Lands Corporation Limited

Crown Corporations, Ian Madsen, Valuation

Canada Lands Corporation Limited, or CLCL, is the Crown corporation which sells surplus federal land and buildings and also develops various parcels across the country. Using an intrinsic value method, and discounting to the present CLCL’s projected future free cash flows, as the company is today, fully taxable, the range of estimates is $300M to $2.1B, with a tighter range of a median (midpoint of the array of values) of $520M to a mean (simple average) of $680M.

Under the market-based valuation system, CLCL’s value is estimated to range from $610M to $2.58B, with a median (midpoint of the array of values) of $920M and a mean (simple average) of $1.18B. Six of eight available valuation metrics were usable.

Read the entire Valuation here: VS25_CLCL-Valuation_MY1619_F1