Upcoming Dividend • Apr 29
Upcoming dividend of CA$0.37 per share Eligible shareholders must have bought the stock before 05 May 2026. Payment date: 15 May 2026. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Canadian dividend payers (5.5%). In line with average of industry peers (3.4%). Declared Dividend • Apr 15
First quarter dividend of CA$0.37 announced Shareholders will receive a dividend of CA$0.37. Ex-date: 5th May 2026 Payment date: 15th May 2026 Dividend yield will be 3.6%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 12
First quarter 2026 earnings released: EPS: CA$1.62 (vs CA$0.075 in 1Q 2025) First quarter 2026 results: EPS: CA$1.62 (up from CA$0.075 in 1Q 2025). Revenue: CA$267.8m (down 6.0% from 1Q 2025). Net income: CA$36.9m (up CA$35.2m from 1Q 2025). Profit margin: 14% (up from 0.6% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 11% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Apr 11
MTY Food Group Inc. Declares a Quarterly Dividend, Payable on May 15, 2026 On April 10, 2026 MTY Food Group Inc. declared a quarterly dividend payment of $0.37 per common share. The dividend will be paid on May 15, 2026 to shareholders registered in the Company's records at the end of the business day on May 5, 2026. Announcement • Apr 03
MTY Food Group Inc. to Report Q1, 2026 Results on Apr 10, 2026 MTY Food Group Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on Apr 10, 2026 Announcement • Mar 17
MTY Food Group Inc., Annual General Meeting, May 20, 2026 MTY Food Group Inc., Annual General Meeting, May 20, 2026. Location: quebec, montreal Canada Announcement • Feb 21
MTY Food Group Inc. Reports Impairment Charge for the Fourth Quarter Ended November 30, 2025 MTY Food Group Inc. reported impairment charge for the fourth quarter ended November 30, 2025. For the period, the company reported Impairment charge – property, plant and equipment, intangible assets and goodwill of $8,191,000 as compared to $64,565,000 a year ago. Price Target Changed • Feb 20
Price target increased by 7.3% to CA$46.50 Up from CA$43.33, the current price target is an average from 6 analysts. New target price is 7.8% above last closing price of CA$43.14. Stock is up 1.3% over the past year. The company posted earnings per share of CA$5.18 last year. Reported Earnings • Feb 20
Full year 2025 earnings released: EPS: CA$5.18 (vs CA$1.01 in FY 2024) Full year 2025 results: EPS: CA$5.18 (up from CA$1.01 in FY 2024). Revenue: CA$1.19b (up 2.6% from FY 2024). Net income: CA$119.0m (up 392% from FY 2024). Profit margin: 10.0% (up from 2.1% in FY 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 7.8% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 13% per year. Announcement • Feb 12
MTY Food Group Inc. to Report Q4, 2025 Results on Feb 19, 2026 MTY Food Group Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 19, 2026 Declared Dividend • Jan 25
Third quarter dividend increased to CA$0.37 Dividend of CA$0.37 is 12% higher than last year. Ex-date: 3rd February 2026 Payment date: 13th February 2026 Dividend yield will be 3.2%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio). However, it is well covered by cash flows (21% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 3.4% to bring the payout ratio under control, which is less than the 13% EPS growth achieved over the last 5 years. Announcement • Jan 21
MTY Food Group Inc. Declares Increases Quarterly Dividend, Payable on February 13, 2026 MTY Food Group Inc. announced its quarterly dividend payment will increase from $33.0 per share to $37.0 per share, a growth of 12%. The $37.0 dividend will be payable on February 13, 2026 to shareholders registered in the Company's records at the end of the business day on February 3, 2026. Price Target Changed • Oct 20
Price target decreased by 7.7% to CA$44.00 Down from CA$47.67, the current price target is an average from 6 analysts. New target price is 27% above last closing price of CA$34.56. Stock is down 25% over the past year. The company posted earnings per share of CA$1.01 last year. Declared Dividend • Oct 13
Third quarter dividend of CA$0.33 announced Shareholders will receive a dividend of CA$0.33. Ex-date: 4th November 2025 Payment date: 14th November 2025 Dividend yield will be 3.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio). However, it is well covered by cash flows (18% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 3.4% to bring the payout ratio under control, which is less than the 13% EPS growth achieved over the last 5 years. Reported Earnings • Oct 10
Third quarter 2025 earnings released: EPS: CA$1.22 (vs CA$1.46 in 3Q 2024) Third quarter 2025 results: EPS: CA$1.22 (down from CA$1.46 in 3Q 2024). Revenue: CA$297.0m (up 1.4% from 3Q 2024). Net income: CA$27.9m (down 20% from 3Q 2024). Profit margin: 9.4% (down from 12% in 3Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 7.4% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Oct 10
MTY Food Group Inc Declares A Quarterly Dividend, Payable on November 14, 2025 MTY Food Group Inc. announced financial results for its third quarter of fiscal 2025 ended August 31, 2025 and declared a quarterly dividend of $33.0 per share, payable on November 14, 2025 to shareholders registered in the Company’s records at the end of the business day on November 4, 2025. Announcement • Oct 03
MTY Food Group Inc. to Report Q3, 2025 Results on Oct 10, 2025 MTY Food Group Inc. announced that they will report Q3, 2025 results Pre-Market on Oct 10, 2025 Declared Dividend • Jul 23
Second quarter dividend of CA$0.33 announced Shareholders will receive a dividend of CA$0.33. Ex-date: 5th August 2025 Payment date: 15th August 2025 Dividend yield will be 3.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 13
Second quarter 2025 earnings released: EPS: CA$2.49 (vs CA$1.13 in 2Q 2024) Second quarter 2025 results: EPS: CA$2.49 (up from CA$1.13 in 2Q 2024). Revenue: CA$304.9m (flat on 2Q 2024). Net income: CA$57.3m (up 110% from 2Q 2024). Profit margin: 19% (up from 9.0% in 2Q 2024). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Jul 11
MTY Food Group Inc. Declares Quarterly Dividend, Payable on August 15, 2025 MTY Food Group Inc. reported financial results for its second quarter of fiscal 2025 ended May 31, 2025 and declared a quarterly dividend of $0.33 per share, payable on August 15, 2025 to shareholders registered in the Company’s records at the end of the business day on August 5, 2025. Declared Dividend • Apr 14
First quarter dividend of CA$0.33 announced Shareholders will receive a dividend of CA$0.33. Ex-date: 1st May 2025 Payment date: 15th May 2025 Dividend yield will be 3.2%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (322% earnings payout ratio). However, it is well covered by cash flows (16% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 258% to bring the payout ratio under control. However, EPS has declined by 35% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Apr 14
First quarter 2025 earnings released: EPS: CA$0.07 (vs CA$0.71 in 1Q 2024) First quarter 2025 results: EPS: CA$0.07 (down from CA$0.71 in 1Q 2024). Revenue: CA$284.8m (up 2.2% from 1Q 2024). Net income: CA$1.74m (down 90% from 1Q 2024). Profit margin: 0.6% (down from 6.2% in 1Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 12% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Apr 11
MTY Food Group Inc. Declares Quarterly Dividend, Payable on May 15, 2025 On April 11, 2025, MTY Food Group Inc. declared a quarterly dividend payment of $0.33 per common share. The dividend will be paid on May 15, 2025 to shareholders registered in the Company's records at the end of the business day on May 1, 2025. Announcement • Apr 04
MTY Food Group Inc. to Report Q1, 2025 Results on Apr 11, 2025 MTY Food Group Inc. announced that they will report Q1, 2025 results Pre-Market on Apr 11, 2025 Announcement • Feb 25
MTY Food Group Inc., Annual General Meeting, May 02, 2025 MTY Food Group Inc., Annual General Meeting, May 02, 2025. Location: quebec, montreal Canada Buy Or Sell Opportunity • Feb 18
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.6% to CA$44.11. The fair value is estimated to be CA$57.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has declined by 4.6%. New Risk • Feb 16
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 3.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (3.0x net interest cover). Minor Risks Dividend is not well covered by earnings (111% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin). New Risk • Feb 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.1% Last year net profit margin: 8.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (81% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.1% net profit margin). Reported Earnings • Feb 14
Full year 2024 earnings released: EPS: CA$1.01 (vs CA$4.26 in FY 2023) Full year 2024 results: EPS: CA$1.01 (down from CA$4.26 in FY 2023). Revenue: CA$1.16b (flat on FY 2023). Net income: CA$24.2m (down 77% from FY 2023). Profit margin: 2.1% (down from 8.9% in FY 2023). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 6% per year. Announcement • Feb 09
MTY Food Group Inc. to Report Q4, 2024 Results on Feb 14, 2025 MTY Food Group Inc. announced that they will report Q4, 2024 results at 9:30 AM, US Eastern Standard Time on Feb 14, 2025 Declared Dividend • Jan 24
Third quarter dividend increased to CA$0.33 Dividend of CA$0.33 is 18% higher than last year. Ex-date: 4th February 2025 Payment date: 14th February 2025 Dividend yield will be 2.3%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 8.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jan 22
MTY Food Group Inc. Increases its Quarterly Dividend by 18%, Payable on February 14, 2025 MTY Food Group Inc. announced its quarterly dividend payment will increase from 28.0¢ per share to 33.0¢ per share, a growth of 18%. The 33.0¢ dividend will be payable on February 14, 2025 to shareholders registered in the Company's records at the end of the business day on February 4, 2025. Upcoming Dividend • Oct 29
Upcoming dividend of CA$0.28 per share Eligible shareholders must have bought the stock before 05 November 2024. Payment date: 15 November 2024. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Canadian dividend payers (6.0%). Lower than average of industry peers (3.3%). Declared Dividend • Oct 14
Third quarter dividend of CA$0.28 announced Shareholders will receive a dividend of CA$0.28. Ex-date: 5th November 2024 Payment date: 15th November 2024 Dividend yield will be 2.4%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 11
Third quarter 2024 earnings released: EPS: CA$1.46 (vs CA$1.59 in 3Q 2023) Third quarter 2024 results: EPS: CA$1.46 (down from CA$1.59 in 3Q 2023). Revenue: CA$292.8m (down 1.8% from 3Q 2023). Net income: CA$34.9m (down 10% from 3Q 2023). Profit margin: 12% (down from 13% in 3Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 8.0% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Oct 11
MTY Food Group Inc. Declares Quarterly Dividend, Payable on November 15, 2024 On October 11, 2024, MTY Food Group Inc. declared a quarterly dividend payment of $0.28 per common share. The dividend will be paid on November 15, 2024 to shareholders registered in the Company's records at the end of the business day on November 5, 2024. Upcoming Dividend • Jul 28
Upcoming dividend of CA$0.28 per share Eligible shareholders must have bought the stock before 02 August 2024. Payment date: 15 August 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Canadian dividend payers (6.3%). Lower than average of industry peers (3.4%). Declared Dividend • Jul 14
Second quarter dividend of CA$0.28 announced Shareholders will receive a dividend of CA$0.28. Ex-date: 2nd August 2024 Payment date: 15th August 2024 Dividend yield will be 2.3%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 8.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 12
Second quarter 2024 earnings released: EPS: CA$1.13 (vs CA$1.24 in 2Q 2023) Second quarter 2024 results: EPS: CA$1.13 (down from CA$1.24 in 2Q 2023). Revenue: CA$303.7m (flat on 2Q 2023). Net income: CA$27.3m (down 10% from 2Q 2023). Profit margin: 9.0% (in line with 2Q 2023). Revenue is expected to decline by 1.2% p.a. on average during the next 2 years, while revenues in the Hospitality industry in Canada are expected to grow by 6.0%. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Jul 11
MTY Food Group Inc. Declares Quarterly Dividend, Payable on August 15, 2024 On July 11, 2024, MTY declared a quarterly dividend payment of $0.28 per common share. The dividend will be paid on August 15, 2024 to shareholders registered in the Company's records at the end of the business day on August 2, 2024. Announcement • Jul 04
MTY Food Group Inc. to Report Q2, 2024 Results on Jul 11, 2024 MTY Food Group Inc. announced that they will report Q2, 2024 results on Jul 11, 2024 Board Change • Jun 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Victor Mandel was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 25
Upcoming dividend of CA$0.28 per share Eligible shareholders must have bought the stock before 02 May 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Canadian dividend payers (6.6%). Lower than average of industry peers (3.3%). Price Target Changed • Apr 15
Price target decreased by 11% to CA$54.29 Down from CA$61.00, the current price target is an average from 7 analysts. New target price is 18% above last closing price of CA$45.83. Stock is down 24% over the past year. The company posted earnings per share of CA$4.26 last year. Declared Dividend • Apr 15
First quarter dividend of CA$0.28 announced Shareholders will receive a dividend of CA$0.28. Ex-date: 2nd May 2024 Payment date: 15th May 2024 Dividend yield will be 2.3%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 13
MTY Food Group Inc. Declares Quarterly Dividend, Payable on May 15, 2024 MTY Food Group Inc. declared a quarterly dividend payment of $0.28 per common share. The dividend will be paid on May 15, 2024 to shareholders registered in the Company's records at the end of the business day on May 3, 2024. Reported Earnings • Apr 12
First quarter 2024 earnings released: EPS: CA$0.71 (vs CA$0.75 in 1Q 2023) First quarter 2024 results: EPS: CA$0.71 (down from CA$0.75 in 1Q 2023). Revenue: CA$278.6m (down 2.6% from 1Q 2023). Net income: CA$17.3m (down 5.9% from 1Q 2023). Profit margin: 6.2% (down from 6.4% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 2 years compared to a 12% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Apr 07
MTY Food Group Inc. to Report Q1, 2024 Results on Apr 12, 2024 MTY Food Group Inc. announced that they will report Q1, 2024 results Pre-Market on Apr 12, 2024 Announcement • Feb 23
MTY Food Group Inc., Annual General Meeting, May 02, 2024 MTY Food Group Inc., Annual General Meeting, May 02, 2024. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CA$48.80, the stock trades at a trailing P/E ratio of 11.4x. Average forward P/E is 17x in the Hospitality industry in Canada. Total loss to shareholders of 5.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$75.41 per share. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: CA$4.26 (vs CA$3.06 in FY 2022) Full year 2023 results: EPS: CA$4.26 (up from CA$3.06 in FY 2022). Revenue: CA$1.17b (up 63% from FY 2022). Net income: CA$104.1m (up 39% from FY 2022). Profit margin: 8.9% (down from 10% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 9.0% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Feb 08
MTY Food Group Inc. to Report Q4, 2023 Results on Feb 15, 2024 MTY Food Group Inc. announced that they will report Q4, 2023 results on Feb 15, 2024 Declared Dividend • Jan 28
Third quarter dividend increased to CA$0.28 Dividend of CA$0.28 is 12% higher than last year. Ex-date: 2nd February 2024 Payment date: 15th February 2024 Dividend yield will be 1.8%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 73% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.3% EPS decline seen over the last 5 years. Announcement • Jan 24
Mty Food Group Inc. Announces Its Quarterly Dividend Payment, Payable on February 15, 2024 MTY Food Group Inc. announced its quarterly dividend payment will increase from 25.0¢ per share to 28.0¢ per share, a growth of 12%. The 28.0¢ dividend will be payable on February 15, 2024 to shareholders registered in the Company's records at the end of the business day on February 5, 2024. Upcoming Dividend • Oct 26
Upcoming dividend of CA$0.25 per share at 1.9% yield Eligible shareholders must have bought the stock before 02 November 2023. Payment date: 15 November 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Canadian dividend payers (6.8%). Lower than average of industry peers (3.4%). Announcement • Oct 12
MTY Food Group Inc. Announces Quarterly Dividend, Payable on November 15, 2023 MTY Food Group Inc. declared a quarterly dividend of $0.25 per share, payable on November 15, 2023 to shareholders registered in the Company's records at the end of the business day on November 3, 2023. Reported Earnings • Oct 11
Third quarter 2023 earnings released: EPS: CA$1.59 (vs CA$0.92 in 3Q 2022) Third quarter 2023 results: EPS: CA$1.59 (up from CA$0.92 in 3Q 2022). Revenue: CA$298.1m (up 74% from 3Q 2022). Net income: CA$38.9m (up 73% from 3Q 2022). Profit margin: 13% (in line with 3Q 2022). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Oct 05
MTY Food Group Inc. to Report Q3, 2023 Results on Oct 11, 2023 MTY Food Group Inc. announced that they will report Q3, 2023 results on Oct 11, 2023 Buying Opportunity • Sep 07
Now 20% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be CA$80.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company has become profitable. Recent Insider Transactions • Aug 28
Independent Director recently sold CA$648k worth of stock On the 25th of August, Dickie Orr sold around 10k shares on-market at roughly CA$64.82 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$29m. Insiders have been net sellers, collectively disposing of CA$48m more than they bought in the last 12 months. Announcement • Aug 17
MTY Food Group Inc. Promotes Jenny Moody to Chief Legal Officer MTY Food Group Inc. announces that Jenny Moody was promoted to Chief Legal Officer. Mrs. Moody joined the U.S. division of MTY in 2010 and has since served in multiple roles of increasing responsibility, including Sr. VP and Deputy General Counsel where she was also head of Human Resources at Kahala Brands, and most recently General Counsel of all of MTY's U.S. operations. During this time she has also been an active participant in the strong culture of MTY, serving as a longtime member and Treasurer of the organization's community outreach and diversity group and as a senior member of MTY's Environmental, Social and Governance "ESG" committee. For over a decade she has consistently demonstrated exceptional teamwork, leadership qualities, passion and skills. Mrs. Moody holds a B.A. from Washington University in St. Louis where she was a two-sport NCAA athlete, and a J.D. from Arizona State University where she was a Pedrick Scholar. She was a finalist in the "Up and Coming" category for the Arizona Corporate Counsel Awards in 2016 and was named by AZ Business Magazine as one of "Arizona's Most Influential Young Business Leaders. Upcoming Dividend • Jul 25
Upcoming dividend of CA$0.25 per share at 1.5% yield Eligible shareholders must have bought the stock before 01 August 2023. Payment date: 15 August 2023. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Canadian dividend payers (6.1%). Lower than average of industry peers (2.9%). Recent Insider Transactions • Jul 20
Chairman & President recently sold CA$29m worth of stock On the 14th of July, Stanley Ma sold around 450k shares on-market at roughly CA$63.47 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Stanley has been a net seller over the last 12 months, reducing personal holdings by CA$48m. Announcement • Jul 12
MTY Food Group Inc. Declares Quarterly Dividend, Payable on August 15, 2023 MTY Food Group Inc. declared its quarterly dividend of 25.0 cents per share, payable on August 15, 2023 to shareholders registered in the company's records at the end of the business day on August 2, 2023. Reported Earnings • Jul 12
Second quarter 2023 earnings released: EPS: CA$1.24 (vs CA$1.17 in 2Q 2022) Second quarter 2023 results: EPS: CA$1.24 (up from CA$1.17 in 2Q 2022). Revenue: CA$305.2m (up 88% from 2Q 2022). Net income: CA$30.4m (up 6.1% from 2Q 2022). Profit margin: 9.9% (down from 18% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Announcement • Jul 04
MTY Food Group Inc. to Report Q2, 2023 Results on Jul 11, 2023 MTY Food Group Inc. announced that they will report Q2, 2023 results Pre-Market on Jul 11, 2023 Recent Insider Transactions • May 29
Chairman & President recently sold CA$19m worth of stock On the 24th of May, Stanley Ma sold around 350k shares on-market at roughly CA$54.46 per share. This transaction amounted to 8.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Stanley's only on-market trade for the last 12 months. Upcoming Dividend • Apr 25
Upcoming dividend of CA$0.25 per share at 1.7% yield Eligible shareholders must have bought the stock before 02 May 2023. Payment date: 15 May 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Canadian dividend payers (6.2%). Lower than average of industry peers (3.3%). Reported Earnings • Apr 14
First quarter 2023 earnings released: EPS: CA$0.75 (vs CA$0.68 in 1Q 2022) First quarter 2023 results: EPS: CA$0.75 (up from CA$0.68 in 1Q 2022). Revenue: CA$286.0m (up 104% from 1Q 2022). Net income: CA$18.4m (up 11% from 1Q 2022). Profit margin: 6.4% (down from 12% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: CA$3.06 (vs CA$3.47 in FY 2021) Full year 2022 results: EPS: CA$3.06 (down from CA$3.47 in FY 2021). Revenue: CA$716.5m (up 30% from FY 2021). Net income: CA$74.8m (down 13% from FY 2021). Profit margin: 10% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Feb 10
MTY Food Group Inc. to Report Q4, 2022 Results on Feb 16, 2023 MTY Food Group Inc. announced that they will report Q4, 2022 results Pre-Market on Feb 16, 2023 Upcoming Dividend • Jan 26
Upcoming dividend of CA$0.25 per share at 1.5% yield Eligible shareholders must have bought the stock before 02 February 2023. Payment date: 15 February 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Canadian dividend payers (5.8%). Lower than average of industry peers (3.3%). Announcement • Jan 19
MTY Food Group Inc. Announces Quarterly Dividend, Payable on February 15, 2023 MTY Food Group Inc. announces its quarterly dividend payment will increase from 21.0 cents per share to 25.0 cents per share, a growth of 19%. The 25.0c dividend will be payable on February 15, 2023 to shareholders registered in the Company's records at the end of the business day on February 3, 2023. Buying Opportunity • Dec 09
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CA$75.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Earnings per share has grown by 31%. Upcoming Dividend • Oct 25
Upcoming dividend of CA$0.21 per share Eligible shareholders must have bought the stock before 01 November 2022. Payment date: 15 November 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Canadian dividend payers (6.1%). Lower than average of industry peers (3.9%). Reported Earnings • Oct 08
Third quarter 2022 earnings released: EPS: CA$0.92 (vs CA$0.98 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.92 (down from CA$0.98 in 3Q 2021). Revenue: CA$171.5m (up 14% from 3Q 2021). Net income: CA$22.4m (down 7.8% from 3Q 2021). Profit margin: 13% (down from 16% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Oct 08
MTY Food Group Inc. Declares Quarterly Dividend, Payable on November 15, 2022 MTY Food Group Inc. declares its quarterly dividend of 21.0 cents per share, payable on November 15, 2022 to shareholders registered in the Company's records at the end of the business day on November 2, 2022. Announcement • Oct 01
MTY Food Group Inc. to Report Q3, 2022 Results on Oct 07, 2022 MTY Food Group Inc. announced that they will report Q3, 2022 results on Oct 07, 2022