Alimentation Couche-Tard
Market Cap
CA$42.1b
Last Updated
2021/01/18 23:13 UTC
Data Sources
Company Financials +
Executive Summary
Alimentation Couche-Tard Inc. operates and licenses convenience stores. More Details
Rewards
Risk Analysis
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.B | Industry | Market | |
|---|---|---|---|
| 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 Year | 17.8%15.5% | 19.2%8.7% | 13.1%2.3% |
| 5 Year | 28.8%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
5 days ago | Simply Wall St
The Returns At Alimentation Couche-Tard (TSE:ATD.B) Provide Us With Signs Of What's To Come2 weeks ago | Simply Wall St
How Much Does Alimentation Couche-Tard's (TSE:ATD.B) CEO Make?3 weeks ago | Simply Wall St
Investors Who Bought Alimentation Couche-Tard (TSE:ATD.B) Shares Five Years Ago Are Now Up 47%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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.33yrs | US$9.28m | 0.081% $ 34.0m | |
| Co-Founder & Corporate Director | 33yrs | US$87.00k | 1.49% $ 627.6m | |
| Co-Founder & Corporate Director | 33yrs | US$145.27k | 0.79% $ 333.4m | |
| Co-Founder & Corporate Director | 33yrs | US$140.20k | 2.01% $ 848.5m | |
| Chief Financial Officer | 5yrs | US$1.94m | 0.0023% $ 972.8k | |
| Executive Vice President of Operations - North America | 8.67yrs | US$2.43m | 0.0047% $ 2.0m | |
| Executive Vice President of Commercial Optimization | 4.92yrs | US$1.98m | 0.0011% $ 446.4k | |
| Co-Founder & Executive Chairman | 6.33yrs | US$3.74m | 1.12% $ 471.1m | |
| Chief Technology Officer | 2yrs | US$1.79m | 0.000070% $ 29.5k | |
| Manager of Investor Relations | no data | no data | no data | |
| VP, General Counsel & Corporate Secretary | no data | no data | 0.00036% $ 151.6k | |
| Senior Director of Global Communications | no data | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.33yrs | US$9.28m | 0.081% $ 34.0m | |
| Co-Founder & Corporate Director | 33yrs | US$87.00k | 1.49% $ 627.6m | |
| Co-Founder & Corporate Director | 33yrs | US$145.27k | 0.79% $ 333.4m | |
| Co-Founder & Corporate Director | 33yrs | US$140.20k | 2.01% $ 848.5m | |
| Co-Founder & Executive Chairman | 6.33yrs | US$3.74m | 1.12% $ 471.1m | |
| Independent Director | 1.33yrs | US$66.42k | 0.0024% $ 993.9k | |
| Corporate Director | 1.33yrs | US$454.50k | 0.0028% $ 1.2m | |
| Independent Corporate Director | 5.17yrs | US$95.78k | 0.00023% $ 96.9k | |
| Independent Director | 3.33yrs | US$107.97k | 0.0019% $ 791.8k | |
| Independent Lead Director | 3.33yrs | US$158.08k | no data | |
| Independent Corporate Director | 7.33yrs | US$95.37k | 0.0015% $ 614.9k | |
| Independent Director | 1.33yrs | US$72.91k | 0.00098% $ 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
| 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, candies and snacks, beer, wine, beverages, and fresh food offerings; roa...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/18 23:13 |
| End of Day Share Price | 2021/01/18 00:00 |
| Earnings | 2020/10/11 |
| Annual Earnings | 2020/04/26 |
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.