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Alimentation Couche-Tard

Market Cap


Last Updated

2021/05/09 23:09 UTC

Data Sources

Company Financials +

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 +/- 3% a week.

Volatility Over Time: ATD.B's weekly volatility (3%) has been stable over the past year.

Market Performance

7 Day Return




CA Consumer Retailing


CA Market

1 Year Return




CA Consumer Retailing


CA Market

Return vs Industry: ATD.B underperformed the Canadian Consumer Retailing industry which returned 6.7% over the past year.

Return vs Market: ATD.B underperformed the Canadian Market which returned 36.9% over the past year.

Shareholder returns

7 Day0.5%1.9%2.3%
30 Day1.2%0.08%2.1%
90 Day5.7%9.0%7.5%
1 Year4.1%3.4%8.2%6.7%41.4%36.9%
3 Year59.4%56.2%45.3%32.0%30.2%17.7%
5 Year58.8%53.9%44.7%27.9%60.3%36.3%

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


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


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: ATD.B (CA$41.86) is trading below our estimate of fair value (CA$65.07)

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 (14.1x) compared to the CA Consumer Retailing industry average (17.4x).

PE vs Market: ATD.B is good value based on its PE Ratio (14.1x) compared to the Canadian market (15.9x).

Price to Earnings Growth Ratio

PEG Ratio: ATD.B is poor value based on its PEG Ratio (3.7x)

Price to Book Ratio

PB vs Industry: ATD.B is overvalued based on its PB Ratio (3.1x) compared to the CA Consumer Retailing industry average (2.4x).

Future Growth

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


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ATD.B's forecast earnings growth (3.8% per year) is above the savings rate (1.5%).

Earnings vs Market: ATD.B's earnings (3.8% per year) are forecast to grow slower than the Canadian market (16.5% per year).

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

Revenue vs Market: ATD.B's revenue (7.6% per year) is forecast to grow faster than the Canadian market (6.8% per year).

High Growth Revenue: ATD.B's revenue (7.6% 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

Past Performance

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


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 (6.3%) are higher than last year (3.6%).

Past Earnings Growth Analysis

Earnings Trend: ATD.B's earnings have grown by 19.2% per year over the past 5 years.

Accelerating Growth: ATD.B's earnings growth over the past year (31.3%) exceeds its 5-year average (19.2% per year).

Earnings vs Industry: ATD.B earnings growth over the past year (31.3%) exceeded the Consumer Retailing industry 22.1%.

Return on Equity

High ROE: ATD.B's Return on Equity (22.4%) is considered high.

Financial Health

How is Alimentation Couche-Tard's financial position?

Financial Position Analysis

Short Term Liabilities: ATD.B's short term assets ($6.2B) exceed its short term liabilities ($4.2B).

Long Term Liabilities: ATD.B's short term assets ($6.2B) do not cover its long term liabilities ($11.2B).

Debt to Equity History and Analysis

Debt Level: ATD.B's debt to equity ratio (52.9%) is considered high.

Reducing Debt: ATD.B's debt to equity ratio has reduced from 65.6% to 52.9% over the past 5 years.

Debt Coverage: ATD.B's debt is well covered by operating cash flow (61.2%).

Interest Coverage: ATD.B's interest payments on its debt are well covered by EBIT (12.7x coverage).

Balance Sheet


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


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ATD.B's dividend (0.8%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.51%).

High Dividend: ATD.B's dividend (0.8%) is low compared to the top 25% of dividend payers in the Canadian market (4.54%).

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 (9.5%), 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 (12.5% payout ratio).

Next Steps


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


Average management tenure


Brian Hannasch (53 yo)





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 ($USD9.28M) is above average for companies of similar size in the Canadian market ($USD6.57M).

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

Leadership Team

Experienced Management: ATD.B's management team is seasoned and experienced (6 years average tenure).

Board Members

Experienced Board: ATD.B's board of directors are considered experienced (6.1 years average tenure).


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$45.190b
  • Shares outstanding: 1.08b
  • Website:

Number of Employees


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



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 Analysis2021/05/09 23:09
End of Day Share Price2021/05/07 00:00
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.