TSX:ATD.B

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Alimentation Couche-Tard

Executive Summary

Alimentation Couche-Tard Inc. operates and licenses convenience stores. More Details


Snowflake Analysis

Outstanding track record, good value and pays a dividend.


Similar Companies

Share Price & News

How has Alimentation Couche-Tard's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ATD.B is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ATD.B's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-9.1%

ATD.B

-4.2%

CA Consumer Retailing

0.2%

CA Market


1 Year Return

-14.0%

ATD.B

-6.6%

CA Consumer Retailing

1.5%

CA Market

Return vs Industry: ATD.B underperformed the Canadian Consumer Retailing industry which returned -6.4% over the past year.

Return vs Market: ATD.B underperformed the Canadian Market which returned 1.6% over the past year.


Shareholder returns

ATD.BIndustryMarket
7 Day-9.1%-4.2%0.2%
30 Day-14.3%-6.4%3.6%
90 Day-12.6%-8.2%13.3%
1 Year-13.4%-14.0%-5.3%-6.6%5.2%1.5%
3 Year17.8%15.5%19.2%8.7%13.1%2.3%
5 Year28.8%25.0%28.9%14.7%69.3%43.3%

Long-Term Price Volatility Vs. Market

How volatile is Alimentation Couche-Tard's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Alimentation Couche-Tard undervalued compared to its fair value and its price relative to the market?

37.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ATD.B (CA$38.4) is trading below our estimate of fair value (CA$61.21)

Significantly Below Fair Value: ATD.B is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ATD.B is good value based on its PE Ratio (12.1x) compared to the CA Consumer Retailing industry average (14.5x).

PE vs Market: ATD.B is good value based on its PE Ratio (12.1x) compared to the Canadian market (16.6x).


Price to Earnings Growth Ratio

PEG Ratio: ATD.B is poor value based on its PEG Ratio (4.9x)


Price to Book Ratio

PB vs Industry: ATD.B is overvalued based on its PB Ratio (2.8x) compared to the CA Consumer Retailing industry average (2.3x).


Next Steps

Future Growth

How is Alimentation Couche-Tard forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

2.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ATD.B's forecast earnings growth (2.5% per year) is above the savings rate (1.5%).

Earnings vs Market: ATD.B's earnings (2.5% per year) are forecast to grow slower than the Canadian market (25.6% per year).

High Growth Earnings: ATD.B's earnings are forecast to grow, but not significantly.

Revenue vs Market: ATD.B's revenue (6.6% per year) is forecast to grow slower than the Canadian market (7.9% per year).

High Growth Revenue: ATD.B's revenue (6.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ATD.B's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Alimentation Couche-Tard performed over the past 5 years?

18.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ATD.B has high quality earnings.

Growing Profit Margin: ATD.B's current net profit margins (5.9%) are higher than last year (3.5%).


Past Earnings Growth Analysis

Earnings Trend: ATD.B's earnings have grown by 18.8% per year over the past 5 years.

Accelerating Growth: ATD.B's earnings growth over the past year (37.1%) exceeds its 5-year average (18.8% per year).

Earnings vs Industry: ATD.B earnings growth over the past year (37.1%) exceeded the Consumer Retailing industry 24.4%.


Return on Equity

High ROE: ATD.B's Return on Equity (23.3%) is considered high.


Next Steps

Financial Health

How is Alimentation Couche-Tard's financial position?


Financial Position Analysis

Short Term Liabilities: ATD.B's short term assets ($6.7B) exceed its short term liabilities ($4.1B).

Long Term Liabilities: ATD.B's short term assets ($6.7B) do not cover its long term liabilities ($10.8B).


Debt to Equity History and Analysis

Debt Level: ATD.B's debt to equity ratio (53.1%) is considered high.

Reducing Debt: ATD.B's debt to equity ratio has increased from 52.4% to 53.1% over the past 5 years.

Debt Coverage: ATD.B's debt is well covered by operating cash flow (65.9%).

Interest Coverage: ATD.B's interest payments on its debt are well covered by EBIT (12.8x coverage).


Balance Sheet


Next Steps

Dividend

What is Alimentation Couche-Tard current dividend yield, its reliability and sustainability?

0.89%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ATD.B's dividend (0.89%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.54%).

High Dividend: ATD.B's dividend (0.89%) is low compared to the top 25% of dividend payers in the Canadian market (5.03%).


Stability and Growth of Payments

Stable Dividend: ATD.B's dividends per share have been stable in the past 10 years.

Growing Dividend: ATD.B's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (8.6%), ATD.B's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ATD.B's dividends in 3 years are forecast to be thoroughly covered by earnings (13.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.7yrs

Average management tenure


CEO

Brian Hannasch (53 yo)

6.33yrs

Tenure

US$9,281,614

Compensation

Mr. Brian P. Hannasch has been the Chief Executive Officer and President of Alimentation Couche-Tard Inc. since September 24, 2014. Mr. Hannasch served as the Chief Operating Officer of Alimentation Couche...


CEO Compensation Analysis

Compensation vs Market: Brian's total compensation ($USD9.28M) is above average for companies of similar size in the Canadian market ($USD6.58M).

Compensation vs Earnings: Brian's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Brian Hannasch
President6.33yrsUS$9.28m0.081%
$ 34.0m
Jacques D'Amours
Co-Founder & Corporate Director33yrsUS$87.00k1.49%
$ 627.6m
Richard Fortin
Co-Founder & Corporate Director33yrsUS$145.27k0.79%
$ 333.4m
Réal Plourde
Co-Founder & Corporate Director33yrsUS$140.20k2.01%
$ 848.5m
Claude Tessier
Chief Financial Officer5yrsUS$1.94m0.0023%
$ 972.8k
Darrell Davis
Executive Vice President of Operations - North America8.67yrsUS$2.43m0.0047%
$ 2.0m
Timothy Miller
Executive Vice President of Commercial Optimization4.92yrsUS$1.98m0.0011%
$ 446.4k
Alain Bouchard
Co-Founder & Executive Chairman6.33yrsUS$3.74m1.12%
$ 471.1m
Deborah L. Lefevre
Chief Technology Officer2yrsUS$1.79m0.000070%
$ 29.5k
Jean Ayas
Manager of Investor Relationsno datano datano data
Valery Zamuner
VP, General Counsel & Corporate Secretaryno datano data0.00036%
$ 151.6k
Marie-Noëlle Cano
Senior Director of Global Communicationsno datano datano data

5.7yrs

Average Tenure

56yo

Average Age

Experienced Management: ATD.B's management team is seasoned and experienced (5.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Brian Hannasch
President6.33yrsUS$9.28m0.081%
$ 34.0m
Jacques D'Amours
Co-Founder & Corporate Director33yrsUS$87.00k1.49%
$ 627.6m
Richard Fortin
Co-Founder & Corporate Director33yrsUS$145.27k0.79%
$ 333.4m
Réal Plourde
Co-Founder & Corporate Director33yrsUS$140.20k2.01%
$ 848.5m
Alain Bouchard
Co-Founder & Executive Chairman6.33yrsUS$3.74m1.12%
$ 471.1m
Louis Tetu
Independent Director1.33yrsUS$66.42k0.0024%
$ 993.9k
Jean Bernier
Corporate Director1.33yrsUS$454.50k0.0028%
$ 1.2m
Monique Leroux
Independent Corporate Director5.17yrsUS$95.78k0.00023%
$ 96.9k
Eric Boyko
Independent Director3.33yrsUS$107.97k0.0019%
$ 791.8k
Mélanie Kau
Independent Lead Director3.33yrsUS$158.08kno data
Daniel Rabinowicz
Independent Corporate Director7.33yrsUS$95.37k0.0015%
$ 614.9k
Marie-Josée Lamothe
Independent Director1.33yrsUS$72.91k0.00098%
$ 412.7k

5.8yrs

Average Tenure

63yo

Average Age

Experienced Board: ATD.B's board of directors are considered experienced (5.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ATD.B insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Alimentation Couche-Tard Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Alimentation Couche-Tard Inc.
  • Ticker: ATD.B
  • Exchange: TSX
  • Founded: 1980
  • Industry: Food Retail
  • Sector: Consumer Retailing
  • Market Cap: CA$42.115b
  • Shares outstanding: 1.11b
  • Website: https://corpo.couche-tard.com

Number of Employees


Location

  • Alimentation Couche-Tard Inc.
  • 4204 Industriel Boulevard
  • Laval
  • Quebec
  • H7L 0E3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ATD.ATSX (The Toronto Stock Exchange)Class A Multiple Voting SharesCACADNov 1990
ANCT.FOTCPK (Pink Sheets LLC)Class A Multiple Voting SharesUSUSDNov 1990
ATD.BTSX (The Toronto Stock Exchange)YesClass B Subordinate Voting SharesCACADJun 1995
ANCU.FOTCPK (Pink Sheets LLC)YesClass B Subordinate Voting SharesUSUSDJun 1995
CJADB (Deutsche Boerse AG)YesClass B Subordinate Voting SharesDEEURJun 1995

Biography

Alimentation Couche-Tard Inc. operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; roa...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/18 23:13
End of Day Share Price2021/01/18 00:00
Earnings2020/10/11
Annual Earnings2020/04/26


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.