Alimentation Couche-Tard
Market Cap
CA$47.0b
Last Updated
2019/11/20 23:31 UTC
Data Sources
Company Financials +
Executive Summary
Alimentation Couche-Tard Inc. operates and licenses convenience stores.
Snowflake
Acceptable track record and slightly overvalued.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
3.2%
ATD.B
1.9%
CA Consumer Retailing
0.3%
CA Market
1 Year Return
28.0%
ATD.B
24.7%
CA Consumer Retailing
8.5%
CA Market
Return vs Industry: ATD.B exceeded the Canadian Consumer Retailing industry which returned 24.7% over the past year.
Return vs Market: ATD.B exceeded the Canadian Market which returned 8.5% over the past year.
Shareholder returns
| ATD.B | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.2% | 1.9% | 0.3% |
| 30 Day | 6.3% | 1.9% | 3.1% |
| 90 Day | 4.2% | -0.07% | 3.6% |
| 1 Year | 28.8%28.0% | 26.4%24.7% | 12.1%8.5% |
| 3 Year | 33.6%31.2% | 31.6%20.0% | 16.4%6.0% |
| 5 Year | 117.4%111.7% | 69.3%49.4% | 27.3%8.7% |
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
5 days ago | Simply Wall St
Our Take On Alimentation Couche-Tard Inc.'s (TSE:ATD.B) CEO Salary2 weeks ago | Simply Wall St
Alimentation Couche-Tard Inc. (TSE:ATD.B) Earns A Nice Return On Capital Employed3 weeks ago | Simply Wall St
Here's How P/E Ratios Can Help Us Understand Alimentation Couche-Tard Inc. (TSE:ATD.B)Valuation
Is Alimentation Couche-Tard undervalued compared to its fair value and its price relative to the market?
15.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ATD.B (CA$41.75) is trading below our estimate of fair value (CA$49.4)
Significantly Below Fair Value: ATD.B is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ATD.B is good value based on its PE Ratio (18.5x) compared to the Consumer Retailing industry average (20.4x).
PE vs Market: ATD.B is poor value based on its PE Ratio (18.5x) compared to the Canadian market (14.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ATD.B's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ATD.B is overvalued based on its PB Ratio (3.8x) 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 6 analysts?
2.2%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if ATD.B's forecast earnings growth is above the savings rate (1.9%).
Earnings vs Market: Insufficient data to determine if ATD.B's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ATD.B's revenue (2.2% per year) is forecast to grow slower than the Canadian market (4.7% per year).
High Growth Revenue: ATD.B's revenue (2.2% 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?
17.1%
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 (3.3%) are higher than last year (3.1%).
Past Earnings Growth Analysis
Earnings Trend: ATD.B's earnings have grown by 17.1% per year over the past 5 years.
Accelerating Growth: ATD.B's earnings growth over the past year (8.9%) is below its 5-year average (17.1% per year).
Earnings vs Industry: ATD.B earnings growth over the past year (8.9%) underperformed the Consumer Retailing industry 14.7%.
Return on Equity
High ROE: ATD.B's Return on Equity (19.8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Alimentation Couche-Tard's financial position?
Financial Position Analysis
Short Term Liabilities: ATD.B's short term assets ($4.7B) do not cover its short term liabilities ($5.9B)
Long Term Liabilities: ATD.B's short term assets ($4.7B) do not cover its long term liabilities (9.9B)
Debt to Equity History and Analysis
Debt Level: ATD.B's debt to equity ratio (69.6%) is considered high.
Reducing Debt: ATD.B's debt to equity ratio has increased from 61% to 69.6% over the past 5 years.
Debt Coverage: ATD.B's debt is well covered by operating cash flow (48.1%).
Interest Coverage: ATD.B's interest payments on its debt are well covered by EBIT (8.6x coverage).
Balance Sheet
Inventory Level: ATD.B has a high level of physical assets or inventory.
Debt Coverage by Assets: ATD.B's debt is not covered by short term assets (assets are 0.7x debt).
Next Steps
Dividend
What is Alimentation Couche-Tard's current dividend yield, its reliability and sustainability?
0.60%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: ATD.B's dividend (0.6%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.99%).
High Dividend: ATD.B's dividend (0.6%) is low compared to the top 25% of dividend payers in the Canadian market (5.75%).
Stability and Growth of Payments
Stable Dividend: ATD.B is not paying a notable dividend for the Canadian market, therefore no need to check if payments are stable.
Growing Dividend: ATD.B is not paying a notable dividend for the Canadian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: ATD.B is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ATD.B's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
What is the CEO of Alimentation Couche-Tard's salary, the management and board of directors tenure and is there insider trading?
3.8yrs
Average management tenure
CEO
Brian Hannasch 0
5.2yrs
Tenure
US$9,422,166
Compensation
Mr. Brian P. Hannasch has been the Chief Executive Officer and President of Alimentation Couche-Tard Inc. since September 24, 2014. Mr. Hannasch served as the Chief Operating Officer of Alimentation Couche ...
CEO Compensation Analysis
Compensation vs Market: Brian's total compensation ($USD7.08M) is about average for companies of similar size in the Canadian market ($USD6.86M).
Compensation vs Earnings: Brian's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.8yrs
Average Tenure
55yo
Average Age
Experienced Management: ATD.B's management team is considered experienced (3.8 years average tenure).
Board Age and Tenure
6.0yrs
Average Tenure
66yo
Average Age
Experienced Board: ATD.B's board of directors are considered experienced (6 years average tenure).
Insider Trading
Insider Buying: ATD.B insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Co-Founder & Corporate Director |
| Shares | 157,000 |
| Max Price | US$40.66 |
| Entity | Individual |
| Shares | 4,200 |
| Max Price | US$20.21 |
| Entity | Individual |
| Role | Member of the Board of Directors Co-Founder & Corporate Director |
| Shares | 30,000 |
| Max Price | US$41.55 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 4,000 |
| Max Price | US$41.44 |
| Entity | Individual |
| Shares | 1,800 |
| Max Price | US$41.67 |
| Entity | Individual |
| Role | Chief Financial Officer Chief Financial Officer |
| Shares | 2,500 |
| Max Price | US$40.72 |
| Entity | Individual |
| Shares | 1,000 |
| Max Price | US$40.58 |
| Entity | Individual |
| Shares | 1,000 |
| Max Price | US$43.30 |
| Entity | Individual |
| Shares | 448 |
| Max Price | US$41.65 |
| Entity | Individual |
| Role | Chief Financial Officer Chief Financial Officer |
| Shares | 2,500 |
| Max Price | US$41.16 |
| Entity | Individual |
| Shares | 2,600 |
| Max Price | US$39.86 |
| Entity | Individual |
| Shares | 3,000 |
| Max Price | US$42.07 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 4,000 |
| Max Price | US$33.03 |
| Entity | Individual |
| Shares | 3,000 |
| Max Price | US$34.11 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Alain Bouchard (70yo)
Co-Founder & Executive Chairman
- Tenure: 5.2yrs
- Compensation: US$5.03m
Jacques D'Amours
Co-Founder & Corporate Director
- Tenure: 31.8yrs
- Compensation: US$113.17k
Richard Fortin (70yo)
Co-Founder & Corporate Director
- Tenure: 31.8yrs
- Compensation: US$194.02k
Brian Hannasch
President
- Tenure: 5.2yrs
- Compensation: US$9.42m
Réal Plourde
Co-Founder & Corporate Director
- Tenure: 31.8yrs
- Compensation: US$188.15k
Claude Tessier (55yo)
Chief Financial Officer
- Tenure: 3.8yrs
- Compensation: US$2.17m
Deb Lefevre (51yo)
Chief Technology Officer
- Tenure: 0.8yrs
- Compensation: US$2.30m
Alex Miller (46yo)
Executive Vice President of Commercial Optimization
- Tenure: 3.8yrs
- Compensation: US$1.91m
Kevin Lewis
Chief Marketing Officer
- Tenure: 2.3yrs
- Compensation: US$2.13m
Jean Ayas
Manager of Investor Relations
- Tenure: 0yrs
Board Members
Alain Bouchard (70yo)
Co-Founder & Executive Chairman
- Tenure: 5.2yrs
- Compensation: US$5.03m
Jean Bernier (62yo)
Corporate Director
- Tenure: 0.2yrs
- Compensation: US$1.90m
Jacques D'Amours
Co-Founder & Corporate Director
- Tenure: 31.8yrs
- Compensation: US$113.17k
Richard Fortin (70yo)
Co-Founder & Corporate Director
- Tenure: 31.8yrs
- Compensation: US$194.02k
Brian Hannasch
President
- Tenure: 5.2yrs
- Compensation: US$9.42m
Réal Plourde
Co-Founder & Corporate Director
- Tenure: 31.8yrs
- Compensation: US$188.15k
Eric Boyko (49yo)
Independent Director
- Tenure: 2.2yrs
- Compensation: US$127.54k
Nathalie Bourque
Independent Corporate Director
- Tenure: 7.7yrs
- Compensation: US$117.47k
Mélanie Kau
Lead Director
- Tenure: 2.2yrs
- Compensation: US$207.20k
Dan Rabinowicz
Independent Corporate Director
- Tenure: 6.2yrs
- Compensation: US$125.45k
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$47.018b
- Shares outstanding: 1.13b
- Website: https://corpo.couche-tard.com
Number of Employees
Location
- Alimentation Couche-Tard Inc.
- 4204 Industriel Boulevard
- Laval
- Quebec
- H7L 0E3
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ATD.A | TSX (The Toronto Stock Exchange) | Class A Multiple Voting Shares | CA | CAD | Nov 1990 | |
| ANCT.F | OTCPK (Pink Sheets LLC) | Class A Multiple Voting Shares | US | USD | Nov 1990 | |
| ATD.B | TSX (The Toronto Stock Exchange) | Yes | Class B Subordinate Voting Shares | CA | CAD | Jun 1995 |
| ANCU.F | OTCPK (Pink Sheets LLC) | Yes | Class B Subordinate Voting Shares | US | USD | Jun 1995 |
| CJA | DB (Deutsche Boerse AG) | Yes | Class B Subordinate Voting Shares | DE | EUR | Jun 1995 |
Biography
Alimentation Couche-Tard Inc. operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, beverages, and fresh food offerings; road transportation fuel; and stati ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/20 23:31 |
| End of Day Share Price | 2019/11/20 00:00 |
| Earnings | 2019/07/21 |
| Annual Earnings | 2019/04/28 |
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.