Empire Company Limited

TSX:EMP.A Stock Report

Market Cap: CA$10.2b

Empire Management

Management criteria checks 3/4

Empire's CEO is Mike Medline, appointed in Jan 2017, has a tenure of 7.92 years. total yearly compensation is CA$7.95M, comprised of 16.8% salary and 83.2% bonuses, including company stock and options. directly owns 0.067% of the company’s shares, worth CA$6.88M. The average tenure of the management team and the board of directors is 2.6 years and 10.9 years respectively.

Key information

Mike Medline

Chief executive officer

CA$8.0m

Total compensation

CEO salary percentage16.8%
CEO tenure7.9yrs
CEO ownership0.07%
Management average tenure2.6yrs
Board average tenure10.9yrs

Recent management updates

Recent updates

A Look At The Intrinsic Value Of Empire Company Limited (TSE:EMP.A)

Dec 11
A Look At The Intrinsic Value Of Empire Company Limited (TSE:EMP.A)

Empire Company Limited's (TSE:EMP.A) Shares May Have Run Too Fast Too Soon

Nov 28
Empire Company Limited's (TSE:EMP.A) Shares May Have Run Too Fast Too Soon

Is Empire (TSE:EMP.A) Using Too Much Debt?

Nov 01
Is Empire (TSE:EMP.A) Using Too Much Debt?

A Look At The Intrinsic Value Of Empire Company Limited (TSE:EMP.A)

Sep 10
A Look At The Intrinsic Value Of Empire Company Limited (TSE:EMP.A)

Little Excitement Around Empire Company Limited's (TSE:EMP.A) Earnings

Aug 27
Little Excitement Around Empire Company Limited's (TSE:EMP.A) Earnings

Returns At Empire (TSE:EMP.A) Appear To Be Weighed Down

Jul 27
Returns At Empire (TSE:EMP.A) Appear To Be Weighed Down

Here's Why Empire (TSE:EMP.A) Has A Meaningful Debt Burden

Jun 17
Here's Why Empire (TSE:EMP.A) Has A Meaningful Debt Burden

Estimating The Intrinsic Value Of Empire Company Limited (TSE:EMP.A)

May 21
Estimating The Intrinsic Value Of Empire Company Limited (TSE:EMP.A)

Empire Company Limited's (TSE:EMP.A) Share Price Is Matching Sentiment Around Its Earnings

May 07
Empire Company Limited's (TSE:EMP.A) Share Price Is Matching Sentiment Around Its Earnings

Empire (TSE:EMP.A) Strong Profits May Be Masking Some Underlying Issues

Mar 22
Empire (TSE:EMP.A) Strong Profits May Be Masking Some Underlying Issues

Is Empire (TSE:EMP.A) A Risky Investment?

Feb 12
Is Empire (TSE:EMP.A) A Risky Investment?

Estimating The Intrinsic Value Of Empire Company Limited (TSE:EMP.A)

Jan 30
Estimating The Intrinsic Value Of Empire Company Limited (TSE:EMP.A)

Empire Company Limited's (TSE:EMP.A) Business Is Yet to Catch Up With Its Share Price

Jan 16
Empire Company Limited's (TSE:EMP.A) Business Is Yet to Catch Up With Its Share Price

CEO Compensation Analysis

How has Mike Medline's remuneration changed compared to Empire's earnings?
DateTotal CompensationSalaryCompany Earnings
Nov 02 2024n/an/a

CA$664m

Aug 03 2024n/an/a

CA$672m

May 04 2024CA$8mCA$1m

CA$725m

Feb 03 2024n/an/a

CA$759m

Nov 04 2023n/an/a

CA$751m

Aug 05 2023n/an/a

CA$760m

May 06 2023CA$7mCA$1m

CA$686m

Feb 04 2023n/an/a

CA$682m

Nov 05 2022n/an/a

CA$759m

Aug 06 2022n/an/a

CA$745m

May 07 2022CA$9mCA$1m

CA$746m

Jan 29 2022n/an/a

CA$739m

Oct 30 2021n/an/a

CA$712m

Jul 31 2021n/an/a

CA$698m

May 01 2021CA$7mCA$1m

CA$702m

Jan 30 2021n/an/a

CA$707m

Oct 31 2020n/an/a

CA$652m

Aug 01 2020n/an/a

CA$645m

May 02 2020CA$13mCA$1m

CA$584m

Feb 01 2020n/an/a

CA$528m

Nov 02 2019n/an/a

CA$473m

Aug 03 2019n/an/a

CA$422m

May 04 2019CA$5mCA$1m

CA$387m

Feb 02 2019n/an/a

CA$336m

Nov 03 2018n/an/a

CA$329m

Aug 04 2018n/an/a

CA$201m

May 05 2018CA$6mCA$900k

CA$160m

Compensation vs Market: Mike's total compensation ($USD5.53M) is above average for companies of similar size in the Canadian market ($USD4.15M).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.

CEO

Mike Medline (61 yo)

7.9yrs

Tenure

CA$7,952,793

Compensation

Mr. Michael Bennett Medline, also known as Mike, serves as Independent Director at The Bank of Nova Scotia since September 01, 2023. He has been the Chief Executive Officer and President of Empire Company...

Leadership Team

NamePositionTenureCompensationOwnership
Michael Medline
President7.9yrsCA$7.95m0.067%
CA$ 6.9m
Matt Reindel
Executive VP & CFO3.2yrsCA$2.17m0.0024%
CA$ 245.3k
Pierre St-Laurent
Chief Operating Officer5.6yrsCA$3.38m0.0022%
CA$ 226.9k
Douglas Nathanson
Executive VP2yrsCA$1.82m0.0088%
CA$ 903.6k
Simon Gagné
Executive VP & Chief Human Resources Officerno dataCA$2.20mno data
Clinton Keay
Senior Vice President of Corporate Financeless than a yearCA$1.22mno data
Julia Knox
Chief Technology and Analytics Officer & Chief Privacy Officer1.3yrsno datano data
Katie Brine
Director of Investor Relationsno datano datano data
Sandra Sanderson
Chief Marketing Officer1.3yrsno data0.0077%
CA$ 783.0k
John Morrow
VP & Comptrollerno datano datano data
Charles Mulvenna
President of Safeway Operations - Sobeysno dataCA$3.44mno data
Yves Laverdière
President of Sobeys Québec8.8yrsCA$1.77mno data

2.6yrs

Average Tenure

Experienced Management: EMP.A's management team is considered experienced (2.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Michael Medline
President7.8yrsCA$7.95m0.067%
CA$ 6.9m
Gregory Josefowicz
Independent Director8.5yrsCA$255.00k0%
CA$ 0
Martine Turcotte
Independent Director12.9yrsCA$230.00k0.0048%
CA$ 492.7k
William Linton
Independent Director9.9yrsCA$235.00k0.00037%
CA$ 37.8k
Robert G. Sobey
Independent Director26.9yrsCA$235.00k0.0031%
CA$ 317.9k
Paul Sobey
Independent Director31.9yrsCA$230.00k0.41%
CA$ 41.5m
Frank Sobey
Independent Director17.9yrsCA$230.00k0.28%
CA$ 28.8m
Karl Sobey
Independent Director23.9yrsCA$230.00k0.0029%
CA$ 297.4k
James Dickson
Independent Chairman9.3yrsCA$450.00k0.0094%
CA$ 957.8k
Cynthia Devine
Independent Director11.9yrsCA$235.00k0.0013%
CA$ 129.8k
Sharon Driscoll
Independent Director6.9yrsCA$265.00k0%
CA$ 0
Martine Reardon
Independent Director7.9yrsCA$250.00k0%
CA$ 0

10.9yrs

Average Tenure

64.5yo

Average Age

Experienced Board: EMP.A's board of directors are seasoned and experienced ( 10.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:21
End of Day Share Price 2024/12/20 00:00
Earnings2024/11/02
Annual Earnings2024/05/04

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Empire Company Limited is covered by 21 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James DurranBarclays
Philip BassilBeacon Securities Limited
Tamy ChenBMO Capital Markets Equity Research