Shaw Communications (SJR.B.TO) Stock Price

Shaw Communications Price

Delisted·Apr 4, 2023
40.48CAD
Last traded price

Over the last 19 years Shaw Communications grew revenue by 5.4% annually, reaching 5.45 B CAD. Earnings per share have grown at 13.6% per year over the last 18 years. For Shaw Communications, the net margin of 14.0% is up versus 0.5% a few years ago. At today's price the dividend yield works out to roughly 2.93%. The payout ratio is around 78% of earnings. The dividend has grown at 14.9% per year over the past 19 years. The consensus 12-month price target for Shaw Communications is 41.31 CAD, about 2.1% above where the stock trades today. Of 16 analysts, 0 rate the stock a buy — an overall Hold consensus.

Shaw Communications stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Shaw Communications over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Shaw Communications stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Shaw Communications's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Shaw Communications Stock Price History
DateShaw Communications Price
Access this data via the Eulerpool API

Shaw Communications Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2019
5.34 B CAD
1.12 B CAD
722.00 M CAD
Jan 1, 2020
5.41 B CAD
1.17 B CAD
679.00 M CAD
Jan 1, 2021
5.51 B CAD
1.28 B CAD
979.00 M CAD
Jan 1, 2022
5.45 B CAD
1.31 B CAD
764.00 M CAD
Jan 1, 2023 (e)
5.59 B CAD
1.29 B CAD
747.60 M CAD
Jan 1, 2024 (e)
5.57 B CAD
1.30 B CAD
768.88 M CAD
Jan 1, 2025 (e)
5.53 B CAD
1.28 B CAD
753.40 M CAD
Jan 1, 2026 (e)
5.81 B CAD
1.33 B CAD
816.07 M CAD

Shaw Communications Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 28, 2026, 10:42 AM
 
REVENUEB CAD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB CAD
EBITB CAD
EBIT MARGIN%
NET INCOMEB CAD
NET INCOME GROWTH%
DIV.CAD
DIV. GROWTH%
SHARESM
2011201220132014201520162017201820192020202120222023e2024e2025e2026e
4.745.005.145.244.494.524.885.195.345.415.515.455.595.575.535.81
27.555.422.881.93-14.410.718.066.292.911.251.89-1.112.51-0.32-0.655.10
43.2642.5643.1743.1645.4143.7840.9139.6440.3444.2245.3846.5146.5146.5146.5146.51
2.052.132.222.262.041.982.002.062.152.392.502.532.602.592.572.70
1.321.321.371.501.171.141.051.031.121.171.281.311.291.301.281.33
27.7626.3926.5728.5626.1525.1921.5719.8920.9021.7123.2523.9923.1223.2623.1822.83
0.450.710.730.840.841.210.840.030.720.680.980.760.750.770.750.82
-15.9859.512.8115.01-0.1243.35-30.16-97.032,788.00-5.9644.18-21.96-2.232.81-1.958.37
1.191.541.852.22
29.4120.1320.00
436.00442.00450.00459.00471.00481.00492.00503.00511.00515.00505.00501.00501.00501.00501.00501.00
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Shaw Communications generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Shaw Communications retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Shaw Communications's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Shaw Communications has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Shaw Communications's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Shaw Communications stock margins

The Shaw Communications margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Shaw Communications. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Shaw Communications.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2018
39.64 %
19.89 %
0.48 %
Jan 1, 2019
40.34 %
20.90 %
13.52 %
Jan 1, 2020
44.22 %
21.71 %
12.56 %
Jan 1, 2021
45.38 %
23.25 %
17.77 %
Jan 1, 2022
46.51 %
23.99 %
14.02 %
Jan 1, 2023 (e)
46.51 %
23.12 %
13.39 %
Jan 1, 2024 (e)
46.51 %
23.26 %
13.81 %
Jan 1, 2025 (e)
46.51 %
23.18 %
13.62 %

Shaw Communications Stock Revenue, EBIT, Earnings per Share

The Shaw Communications earnings per share therefore indicates how much revenue Shaw Communications has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2018
10.32 CAD
2.05 CAD
0.05 CAD
Jan 1, 2019
10.45 CAD
2.18 CAD
1.41 CAD
Jan 1, 2020
10.50 CAD
2.28 CAD
1.32 CAD
Jan 1, 2021
10.91 CAD
2.54 CAD
1.94 CAD
Jan 1, 2022
10.87 CAD
2.61 CAD
1.52 CAD
Jan 1, 2023 (e)
11.15 CAD
2.58 CAD
1.49 CAD
Jan 1, 2024 (e)
11.11 CAD
2.58 CAD
1.53 CAD
Jan 1, 2025 (e)
11.04 CAD
2.56 CAD
1.50 CAD

Shaw Communications business model & stock analysis

Shaw Communications Inc is a Canadian telecommunications and media company based in Calgary. It was founded in 1966 by JR Shaw and his parents and has since become one of the leading providers in the telecommunications, cable and satellite television, and internet services sectors. The company is publicly traded and listed on the Toronto Stock Exchange. The business model of Shaw is based on the fact that people are increasingly connected and reliant on digital communication and entertainment. Shaw offers a wide range of products and services to meet the needs of its customers, including cable and satellite television, landline and mobile telephony, and internet services for both private and business users. In addition, the company also operates its own TV channels and radio stations and is involved in the local community. One of Shaw's key divisions is cable and satellite television, operated under the names Shaw TV or Shaw Direct. The company offers a wide selection of channels catering to various preferences, including entertainment, sports, news, children's programs, and more. Shaw Direct is the largest provider of satellite television in Canada and provides its customers with access to hundreds of high-quality channels. Another important pillar of Shaw is its internet services. The company offers its customers fast and reliable broadband connections for home and office use. Various tariffs are available, offering different bandwidths and download options, allowing for individual customization to meet the needs and demands of customers. In addition to its core products of cable and satellite television and internet services, Shaw also operates its own TV channels such as Global TV, Food Network Canada, and HGTV Canada. These channels are popular among millions of viewers and offer a mix of local and international news, entertainment, and education. In addition to the telecommunications industry, Shaw is also active in the oil and gas sector. The company holds a number of investments and operates several production facilities, with a focus on the exploration, production, and processing of hydrocarbons. An important focus of Shaw is supporting and promoting local communities. The company regularly sponsors events, sports teams, and institutions in its core markets. Additionally, Shaw is also involved in environmental and climate protection efforts. Overall, Shaw Communications Inc has become a major player in the telecommunications and media industry. The company strives to provide its customers with high-quality service and reliable products, placing a strong emphasis on sustainability and social responsibility.

Shaw Communications SWOT Analysis

Strengths

Shaw Communications Inc. benefits from several strengths that contribute to its competitive advantage in the market:

  • Strong brand reputation and recognition in the telecommunications industry.
  • Extensive network infrastructure and advanced technology capabilities.
  • Diverse range of products and services, including internet, television, and mobile communications.
  • Effective customer relationship management and personalized customer support.
  • Well-established partnerships and strategic alliances with content providers and distributors.

Weaknesses

However, Shaw Communications Inc. faces certain weaknesses that may impact its performance and market position:

  • Relatively higher prices compared to some competitors, affecting affordability for certain customer segments.
  • Dependency on a limited geographic market, resulting in lower market reach compared to nationwide competitors.
  • Limited diversification beyond telecommunications services, leading to potential revenue volatility.

Opportunities

Shaw Communications Inc. can leverage the following opportunities to expand its market presence and profitability:

  • Increasing demand for high-speed internet and data services, driven by the growing digital economy.
  • Expanding into new geographic areas to attract a larger customer base.
  • Offering bundled services and cross-selling opportunities to enhance customer loyalty and generate additional revenue.
  • Investing in research and development to innovate new services and stay ahead of emerging technologies.

Threats

Shaw Communications Inc. should be mindful of the following threats that could potentially impact its business operations:

  • Intense competition from other major telecommunications providers, necessitating continuous innovation and competitive pricing.
  • Regulatory changes and government policies that may impact the industry's operating environment.
  • Rapid advancements in technology leading to obsolescence or reduced demand for certain services.
  • Economic downturns or recessions affecting consumer spending patterns and demand for discretionary services.

Shaw Communications Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Shaw Communications historical P/E ratio, EBIT multiple, and P/S ratio

Shaw Communications annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Shaw Communications shares outstanding

The number of shares of Shaw Communications was 501 M in 2025. This indicates how many shares Shaw Communications is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2018
503.00 M Stocks
Jan 1, 2019
511.00 M Stocks
Jan 1, 2020
515.00 M Stocks
Jan 1, 2021
505.00 M Stocks
Jan 1, 2022
501.00 M Stocks
Jan 1, 2023 (e)
501.00 M Stocks
Jan 1, 2024 (e)
501.00 M Stocks
Jan 1, 2025 (e)
501.00 M Stocks

Shaw Communications stock splits

In Shaw Communications's history, there have been no stock splits.

Shaw Communications Dividend History

34 years of dividend payments

YearAnnual DividendYoY ChangePayments
20230.30CAD 75.0%
20221.19CAD 0.0%12×
20211.19CAD 0.0%12×
20201.19CAD 0.0%12×
20191.19CAD 0.0%12×
20181.19CAD 0.0%12×
20171.19CAD 0.0%12×
20161.19CAD 1.2%12×
20151.17CAD 7.7%12×
20141.09CAD 7.4%12×

Shaw Communications dividend history and estimates

In 2025, Shaw Communications paid a dividend amounting to 2.22 CAD. Dividend means that Shaw Communications distributes a portion of its profits to its owners.
  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2018 (e)
1.19 CAD
0.00 CAD
Jan 1, 2019 (e)
1.19 CAD
0.00 CAD
Jan 1, 2020 (e)
1.19 CAD
0.00 CAD
Jan 1, 2021 (e)
1.19 CAD
0.00 CAD
Jan 1, 2022
1.19 CAD
0.00 CAD
Jan 1, 2023 (e)
0.00 CAD
1.54 CAD
Jan 1, 2024 (e)
0.00 CAD
1.85 CAD
Jan 1, 2025 (e)
0.00 CAD
2.22 CAD

Shaw Communications dividend payout ratio

In 2025, Shaw Communications had a payout ratio of 147.51%. The payout ratio indicates the percentage of the company's profits that Shaw Communications distributes as dividends.
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Payout ratio
Details
Date
Payout ratio
Jan 1, 2018
1,975.00 %
Jan 1, 2019
84.04 %
Jan 1, 2020
89.77 %
Jan 1, 2021
61.13 %
Jan 1, 2022
77.70 %
Jan 1, 2023 (e)
103.24 %
Jan 1, 2024 (e)
120.45 %
Jan 1, 2025 (e)
147.51 %

Current Shaw Communications forecasts and price targets in July 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy0.00 % (0)
Hold75.00 % (12)
Sell25.00 % (4)
12M Price Target
41.31
Last Price
40.48
Currency
CAD
12M Return Potential
2.05 %
LTM Return
0 %

Shaw Communications Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
6/28/20230.42CAD-CAD2023 Q3
4/11/20230.42CAD-CAD2023 Q2
1/10/20230.40CAD-CAD2023 Q1
11/29/20220.37CAD1.39 BCAD2022 Q4
6/30/20220.40CAD1.38 BCAD2022 Q3
4/13/20220.42CAD1.39 BCAD2022 Q2
1/12/20220.37CAD1.41 BCAD2022 Q1
10/29/20210.34CAD1.40 BCAD2021 Q4
6/30/20210.35CAD1.37 BCAD2021 Q3
4/14/20210.35CAD1.39 BCAD2021 Q2
...

Shaw Communications shareholder structure

% Name
3.83751%
Morgan Stanley Canada Limited
Morgan Stanley Canada Limited
3.09392%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
2.85596%
Fidelity Investments Canada ULC
Fidelity Investments Canada ULC
2.72521%
BofA Global Research (US)
BofA Global Research (US)
2.54992%
RBC Wealth Management, International
RBC Wealth Management, International
2.25869%
Royer (Jeffrey C)
Royer (Jeffrey C)
...

Shaw Communications Executives and Management Board

BS

Mr. Bradley Shaw

(56)

Executive Chairman of the Board, Chief Executive Office · since 1999

Compensation6.87 M CAD
PM

Mr. Paul Mcaleese

President · since 2020

Compensation5.72 M CAD
TE

Mr. Trevor English

Executive Vice President, Chief Financial & Corporate Development Officer

Compensation4.50 M CAD
ZS

Mr. Zoran Stakic

Chief Operating Officer, Chief Technology Officer · since 2018

Compensation4.30 M CAD
KE

Ms. Katherine Emberly

President - Business

Compensation3.26 M CAD

Shaw Communications Supply Chain

Shaw Communications Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
15 companies
#Name1M3M6M1Y2YTrend
1
MYR Group
Supplier
-0.66
0.44
0.19
-0.06
0.88
2
0.26
0.66
0.34
0.23
0.86
3
Nokia
Supplier
0.53
-0.03
-0.06
0.23
0.79
4
0.46
0.09
0.16
0.62
0.79
5
Teck Resources B
0.57
0.22
0.15
0.59
0.76
#Name1M3M6M1Y2YTrend
1
-0.36
-0.32
-0.09
2
0.54
0.19
0.03
0.22
3
-0.20
0.58
0.07
-0.05
4
0.51
0.63
0.45
-0.39
-0.07
5
0.28
-0.48
-0.35
-0.05
0.24

Frequently asked questions about Shaw Communications

The business model of Shaw Communications Inc revolves around providing various telecommunications services to residential and business customers in Canada. As one of the leading communication companies, Shaw offers a range of products including high-speed internet, digital television, home phone services, and mobile services. Additionally, the company operates a robust network infrastructure, which enables the delivery of reliable and innovative communication solutions. Shaw Communications Inc aims to enhance connectivity and foster digital communication through its advanced technology and extensive service offerings, catering to the diverse needs of its customers across the country.

All fundamentals and in-depth analysis of Shaw Communications

Our stock analysis for Shaw Communications stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Shaw Communications. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.