Empire Company Limited, together with its subsidiaries, engages in the food retail and related real estate businesses in Canada.
EMP.A passed our risk checks.
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$37.21|
|52 Week High||CA$34.13|
|52 Week Low||CA$42.93|
|1 Month Change||-3.28%|
|3 Month Change||-7.74%|
|1 Year Change||-1.25%|
|3 Year Change||57.27%|
|5 Year Change||95.95%|
|Change since IPO||1,328.86%|
Recent News & Updates
Do Empire's (TSE:EMP.A) Earnings Warrant Your Attention?
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
Is Empire Company Limited (TSE:EMP.A) Trading At A 24% Discount?
In this article we are going to estimate the intrinsic value of Empire Company Limited ( TSE:EMP.A ) by estimating the...
The Compensation For Empire Company Limited's (TSE:EMP.A) CEO Looks Deserved And Here's Why
We have been pretty impressed with the performance at Empire Company Limited ( TSE:EMP.A ) recently and CEO Mike...
|EMP.A||CA Consumer Retailing||CA Market|
Return vs Industry: EMP.A underperformed the Canadian Consumer Retailing industry which returned 15.9% over the past year.
Return vs Market: EMP.A underperformed the Canadian Market which returned 33.5% over the past year.
Stable Share Price: EMP.A is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: EMP.A's weekly volatility (2%) has been stable over the past year.
About the Company
Empire Company Limited, together with its subsidiaries, engages in the food retail and related real estate businesses in Canada. It operates through two segments, Food Retailing, and Investments and Other Operations. The company owns, affiliates, and franchises approximately 1,500 retail stores under various retail banners, including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Farm Boy, Longo’s, and Lawtons Drugs; and approximately 350 retail fuel locations, as well as operates grocery e-commerce stores under the banners, such as Voilà by Sobeys, Grocery Gateway, IGA.net, and ThriftyFoods.com.
Empire Fundamentals Summary
|EMP.A fundamental statistics|
Is EMP.A overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|EMP.A income statement (TTM)|
|Cost of Revenue||CA$21.28b|
Last Reported Earnings
Jul 31, 2021
Next Earnings Date
Dec 09, 2021
|Earnings per share (EPS)||2.63|
|Net Profit Margin||2.44%|
How did EMP.A perform over the long term?See historical performance and comparison
1.6%Current Dividend Yield
Is Empire undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: EMP.A (CA$37.21) is trading above our estimate of fair value (CA$23.47)
Significantly Below Fair Value: EMP.A is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: EMP.A is good value based on its PE Ratio (14.1x) compared to the Canadian Consumer Retailing industry average (15.4x).
PE vs Market: EMP.A is poor value based on its PE Ratio (14.1x) compared to the Canadian market (13.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate EMP.A's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: EMP.A's PB Ratio (2.2x) is in line with the CA Consumer Retailing industry average.
How is Empire forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if EMP.A's forecast earnings growth is above the savings rate (1.6%).
Earnings vs Market: Insufficient data to determine if EMP.A'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: EMP.A's revenue (2.3% per year) is forecast to grow slower than the Canadian market (6.8% per year).
High Growth Revenue: EMP.A's revenue (2.3% 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 EMP.A's Return on Equity is forecast to be high in 3 years time
How has Empire performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EMP.A has high quality earnings.
Growing Profit Margin: EMP.A's current net profit margins (2.4%) are higher than last year (2.4%).
Past Earnings Growth Analysis
Earnings Trend: EMP.A has become profitable over the past 5 years, growing earnings by 69.1% per year.
Accelerating Growth: EMP.A's earnings growth over the past year (8.4%) is below its 5-year average (69.1% per year).
Earnings vs Industry: EMP.A earnings growth over the past year (8.4%) exceeded the Consumer Retailing industry 5.1%.
Return on Equity
High ROE: EMP.A's Return on Equity (16.1%) is considered low.
How is Empire's financial position?
Financial Position Analysis
Short Term Liabilities: EMP.A's short term assets (CA$2.9B) do not cover its short term liabilities (CA$3.6B).
Long Term Liabilities: EMP.A's short term assets (CA$2.9B) do not cover its long term liabilities (CA$7.7B).
Debt to Equity History and Analysis
Debt Level: EMP.A's debt to equity ratio (26%) is considered satisfactory.
Reducing Debt: EMP.A's debt to equity ratio has reduced from 52.6% to 26% over the past 5 years.
Debt Coverage: EMP.A's debt is well covered by operating cash flow (153.5%).
Interest Coverage: EMP.A's interest payments on its debt are well covered by EBIT (5x coverage).
What is Empire current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: EMP.A's dividend (1.61%) is higher than the bottom 25% of dividend payers in the Canadian market (1.58%).
High Dividend: EMP.A's dividend (1.61%) is low compared to the top 25% of dividend payers in the Canadian market (4.5%).
Stability and Growth of Payments
Stable Dividend: EMP.A's dividends per share have been stable in the past 10 years.
Growing Dividend: EMP.A's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (20.7%), EMP.A's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mike Medline (58 yo)
Mr. Michael Bennett Medline, also known as Mike, has been the Chief Executive Officer and President of Empire Company Limited since January 12, 2017. Mr. Medline has been Chief Executive Officer and Presid...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD6.07M) is above average for companies of similar size in the Canadian market ($USD3.58M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Experienced Management: EMP.A's management team is considered experienced (4.3 years average tenure).
Experienced Board: EMP.A's board of directors are considered experienced (9.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: EMP.A insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Empire Company Limited's employee growth, exchange listings and data sources
- Name: Empire Company Limited
- Ticker: EMP.A
- Exchange: TSX
- Founded: 1907
- Industry: Food Retail
- Sector: Consumer Retailing
- Market Cap: CA$9.870b
- Shares outstanding: 265.26m
- Website: https://www.empireco.ca
Number of Employees
- Empire Company Limited
- 115 King Street
- Nova Scotia
- B0K 1S0
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/21 23:00|
|End of Day Share Price||2021/10/21 00:00|
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.