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 and fair value.


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

2.5%

ATD.B

0.7%

CA Consumer Retailing

0.8%

CA Market


1 Year Return

0.6%

ATD.B

-3.1%

CA Consumer Retailing

2.0%

CA Market

Return vs Industry: ATD.B exceeded the Canadian Consumer Retailing industry which returned -1.6% over the past year.

Return vs Market: ATD.B underperformed the Canadian Market which returned 1.8% over the past year.


Shareholder returns

ATD.BIndustryMarket
7 Day2.5%0.7%0.8%
30 Day1.8%-1.3%10.5%
90 Day-1.1%0.1%9.7%
1 Year1.3%0.6%-1.8%-3.1%5.7%2.0%
3 Year35.2%32.6%26.8%15.8%13.9%2.9%
5 Year48.1%43.7%38.8%23.8%58.5%34.3%

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?

16.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ATD.B (CA$44.08) is trading below our estimate of fair value (CA$52.78)

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 (13.9x) compared to the CA Consumer Retailing industry average (14.6x).

PE vs Market: ATD.B is good value based on its PE Ratio (13.9x) compared to the Canadian market (15.5x).


Price to Earnings Growth Ratio

PEG Ratio: ATD.B is poor value based on its PEG Ratio (5.6x)


Price to Book Ratio

PB vs Industry: ATD.B is overvalued based on its PB Ratio (3.2x) compared to the CA Consumer Retailing industry average (2.4x).


Next Steps

Future Growth

How is Alimentation Couche-Tard forecast to perform in the next 1 to 3 years based on estimates from 11 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 (1.7%).

Earnings vs Market: ATD.B's earnings (2.5% per year) are forecast to grow slower than the Canadian market (25.9% per year).

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

Revenue vs Market: ATD.B's revenue (6.3% per year) is forecast to grow slower than the Canadian market (6.9% per year).

High Growth Revenue: ATD.B's revenue (6.3% 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 16.7%.


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?

0.78%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ATD.B's dividend (0.78%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.6%).

High Dividend: ATD.B's dividend (0.78%) is low compared to the top 25% of dividend payers in the Canadian market (5.29%).


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

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

5.6yrs

Average management tenure


CEO

Brian Hannasch (53 yo)

6.25yrs

Tenure

US$13,081,507

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 ($USD7.25M) is about average for companies of similar size in the Canadian market ($USD7.10M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Brian Hannasch
President6.25yrsUS$13.08m0.080%
$ 39.5m
Jacques D'Amours
Co-Founder & Corporate Director32.92yrsUS$122.61k1.48%
$ 730.2m
Richard Fortin
Co-Founder & Corporate Director32.92yrsUS$204.74k0.79%
$ 388.0m
Réal Plourde
Co-Founder & Corporate Director32.92yrsUS$197.59k2%
$ 987.3m
Claude Tessier
Chief Financial Officer4.92yrsUS$2.74m0.0023%
$ 1.1m
Darrell Davis
Executive Vice President of Operations - North America8.58yrsUS$3.42m0.0046%
$ 2.3m
Timothy Miller
Executive Vice President of Commercial Optimization4.83yrsUS$2.79m0.0010%
$ 517.9k
Alain Bouchard
Co-Founder & Executive Chairman6.25yrsUS$5.03m1.11%
$ 548.2m
Deborah L. Lefevre
Chief Technology Officer1.92yrsUS$2.30m0.000070%
$ 34.5k
Jean Ayas
Manager of Investor Relationsno datano datano data
Valéry Zamuner
VP, General Counsel & Corporate Secretaryno datano data0.00036%
$ 177.6k
Marie-Noëlle Cano
Senior Director of Global Communicationsno datano datano data

5.6yrs

Average Tenure

56yo

Average Age

Experienced Management: ATD.B's management team is seasoned and experienced (5.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Brian Hannasch
President6.25yrsUS$13.08m0.080%
$ 39.5m
Jacques D'Amours
Co-Founder & Corporate Director32.92yrsUS$122.61k1.48%
$ 730.2m
Richard Fortin
Co-Founder & Corporate Director32.92yrsUS$204.74k0.79%
$ 388.0m
Réal Plourde
Co-Founder & Corporate Director32.92yrsUS$197.59k2%
$ 987.3m
Alain Bouchard
Co-Founder & Executive Chairman6.25yrsUS$5.03m1.11%
$ 548.2m
Louis Tetu
Independent Director1.25yrsUS$93.62k0.0024%
$ 1.2m
Jean Bernier
Corporate Director1.25yrsUS$640.58k0.0028%
$ 1.4m
Monique Leroux
Independent Corporate Director5.08yrsUS$134.99k0.00022%
$ 108.5k
Eric Boyko
Independent Director3.25yrsUS$152.18k0.0019%
$ 922.3k
Mélanie Kau
Independent Lead Director3.25yrsUS$222.80kno data
Daniel Rabinowicz
Independent Corporate Director7.25yrsUS$134.41k0.0014%
$ 715.2k
Marie-Josée Lamothe
Independent Director1.25yrsUS$102.76k0.00016%
$ 78.9k

5.7yrs

Average Tenure

63yo

Average Age

Experienced Board: ATD.B's board of directors are considered experienced (5.7 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 sold more shares than they have bought 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$49.324b
  • 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 Analysis2020/12/04 23:03
End of Day Share Price2020/12/04 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.