Metro Inc.

TSX:MRU Stock Report

Market Cap: CA$18.8b

Metro Future Growth

Future criteria checks 1/6

Metro is forecast to grow earnings and revenue by 3.3% and 3.4% per annum respectively. EPS is expected to grow by 6.1% per annum. Return on equity is forecast to be 15.9% in 3 years.

Key information

3.3%

Earnings growth rate

6.10%

EPS growth rate

Consumer Retailing earnings growth5.8%
Revenue growth rate3.4%
Future return on equity15.86%
Analyst coverage

Good

Last updated04 May 2026

Recent future growth updates

Analysis Article • Jan 30

Earnings Miss: Metro Inc. Missed EPS By 5.4% And Analysts Are Revising Their Forecasts

Last week, you might have seen that Metro Inc. ( TSE:MRU ) released its first-quarter result to the market. The early...

Recent updates

Narrative Update • May 10

MRU: Repurchases And Long Term Outlook Will Offset Labour And Execution Worries

Metro's analyst price target has been reduced, with several firms trimming their views by CA$2 to CA$7 as analysts reassess their assumptions while leaving long term fair value and growth estimates largely unchanged. Analyst Commentary Recent research updates show a cluster of target cuts on Metro, with several firms lowering their 12 month views by CA$2 to CA$7 while keeping their long term assumptions largely intact.
Narrative Update • Apr 25

MRU: Calmer Repricing Will Meet Buybacks Dividend Hike And Labour Uncertainty

Analysts have trimmed Metro's blended price target by approximately CA$2.45, reflecting slightly higher discount rate assumptions, modest tweaks to fair value estimates, and recent target cuts from multiple Canadian banks. Analyst Commentary Recent Street research has focused on resetting expectations for Metro, with several firms trimming their price targets by amounts ranging from CA$1 to CA$7.
Narrative Update • Apr 10

MRU: Modest Repricing Will Meet Steady Buybacks And Higher Dividend

Metro's analyst price target has moved slightly, with a modest adjustment of a few Canadian dollars as analysts factor in updated fair value estimates, a lower discount rate, and essentially unchanged revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Recent Street research shows a cluster of small target cuts in the C$1 to C$7 range, which points to analysts fine tuning their models rather than making wholesale changes to their view on Metro.
Narrative Update • Mar 27

MRU: Trimmed Expectations Will Meet Steady Buybacks And Higher Dividend

Analyst price targets for Metro have been trimmed by CA$1 to CA$7 across several firms, with analysts citing updated assumptions that leave fair value and key model inputs effectively unchanged. Analyst Commentary Recent research updates show a cluster of lower price targets for Metro, with cuts ranging from CA$1 to CA$7.
Narrative Update • Mar 13

MRU: Modest Multiple Reset Will Meet Steady Buybacks And Dividend Policy

Analysts have trimmed their average Metro price target by CA$1 to reflect updates from several firms, while still pointing to modest adjustments in discount rates, revenue growth assumptions, profit margins and future P/E expectations. Analyst Commentary Recent research updates have focused mainly on fine tuning valuation frameworks for Metro, with several firms trimming their price targets in the CA$1 to CA$7 range.
Narrative Update • Feb 26

MRU: Buybacks And Dividend Policy Will Offset Cautious Sentiment Going Forward

Narrative Update on Metro The blended analyst price target for Metro has been reduced by CA$1. This reflects a series of recent cuts from firms including RBC Capital, BMO Capital, Scotiabank and TD Securities, as analysts reassess their expectations while keeping key model assumptions such as discount rate, revenue growth, profit margin and future P/E essentially unchanged.
Narrative Update • Feb 12

MRU: Buybacks And Dividend Policy Will Support Steady Future Returns

The updated analyst price target for Metro edges slightly lower to about CA$102.45 from CA$103, as analysts factor in modestly higher discount rates and refreshed assumptions following recent target revisions across major firms. Analyst Commentary Recent research shows a mix of optimism and caution around Metro, with several firms adjusting their price targets in both directions over time.
Analysis Article • Jan 30

Earnings Miss: Metro Inc. Missed EPS By 5.4% And Analysts Are Revising Their Forecasts

Last week, you might have seen that Metro Inc. ( TSE:MRU ) released its first-quarter result to the market. The early...
Narrative Update • Jan 29

MRU: Share Repurchases And Dividend Increases Will Support Future Upside Potential

Metro's analyst price target has been trimmed by about C$3 to C$103.00 as analysts factor in slightly lower fair value, a higher discount rate and more conservative assumptions for revenue growth, profit margins and future P/E. Analyst Commentary Recent Street research on Metro shows a mix of optimism and caution, with several firms adjusting their price targets in both directions over time.
Analysis Article • Jan 21

Return Trends At Metro (TSE:MRU) Aren't Appealing

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
Analysis Article • Jan 04

Some Confidence Is Lacking In Metro Inc.'s (TSE:MRU) P/E

Metro Inc.'s ( TSE:MRU ) price-to-earnings (or "P/E") ratio of 20.8x might make it look like a sell right now compared...
Analysis Article • Dec 22

These 4 Measures Indicate That Metro (TSE:MRU) Is Using Debt Reasonably Well

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Nov 15

If EPS Growth Is Important To You, Metro (TSE:MRU) Presents An Opportunity

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Oct 03

Calculating The Fair Value Of Metro Inc. (TSE:MRU)

Key Insights Metro's estimated fair value is CA$108 based on 2 Stage Free Cash Flow to Equity Metro's CA$93.52 share...
Analysis Article • Sep 02

Is Metro (TSE:MRU) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Aug 08

Returns At Metro (TSE:MRU) Appear To Be Weighed Down

TSX:MRU 1 Year Share Price vs Fair Value Explore Metro's Fair Values from the Community and select yours Did you know...
Analysis Article • Jul 21

Some Confidence Is Lacking In Metro Inc.'s (TSE:MRU) P/E

When close to half the companies in Canada have price-to-earnings ratios (or "P/E's") below 16x, you may consider Metro...
Analysis Article • May 19

We Think Metro (TSE:MRU) Can Stay On Top Of Its Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
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New Narrative • Nov 24

Supply Chain Transformation And E-commerce Expansion Set To Boost Retail Growth

Metro's supply chain modernization and expansion in loyalty programs are anticipated to enhance efficiencies, customer engagement, and drive revenue growth.

Earnings and Revenue Growth Forecasts

TSX:MRU - Analysts future estimates and past financials data (CAD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
9/30/202824,3741,1021,0941,9556
9/30/202723,4651,0751,0451,8459
9/30/202622,7261,0499341,7309
12/20/202522,1759841,2081,677N/A
9/27/202522,0071,0171,2291,725N/A
7/5/202521,8361,0201,2101,682N/A
3/15/202521,6179931,0801,593N/A
12/21/202421,3639611,1361,671N/A
9/28/202421,2209291,1141,677N/A
7/6/202421,3539319861,608N/A
3/16/202421,1299819631,563N/A
12/23/202321,0281,0128741,526N/A
9/30/202320,7251,0159001,564N/A
7/1/202320,0869611,0401,643N/A
3/11/202319,5248909321,530N/A
12/17/202219,2438699111,495N/A
9/24/202218,8898468661,461N/A
7/2/202218,5488728001,410N/A
3/12/202218,4038498701,495N/A
12/18/202118,3218399271,527N/A
9/25/202118,2838231,0351,583N/A
7/3/202118,3358169971,584N/A
3/13/202118,4508281,0311,580N/A
12/19/202018,2468161,1041,628N/A
9/26/202017,9987959631,474N/A
7/4/202017,7137768351,295N/A
3/14/202017,1077347451,186N/A
12/21/201916,8206796371,051N/A
9/28/201916,768712N/A795N/A
7/6/201916,645689N/A809N/A
3/16/201916,052635N/A689N/A
12/22/201815,249621N/A531N/A
9/29/201814,3831,717N/A750N/A
7/7/201813,8761,722N/A736N/A
3/17/201813,3121,732N/A666N/A
12/23/201713,3161,755N/A683N/A
9/30/201713,175592N/A696N/A
7/1/201712,876583N/A683N/A
3/11/201712,818577N/A702N/A
12/17/201612,798570N/A770N/A
9/24/201612,788572N/A707N/A
7/2/201612,693558N/A731N/A
3/12/201612,520545N/A701N/A
12/19/201512,345533N/A660N/A
9/26/201512,224506N/A678N/A
7/4/201512,102492N/A559N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MRU's forecast earnings growth (3.3% per year) is above the savings rate (3%).

Earnings vs Market: MRU's earnings (3.3% per year) are forecast to grow slower than the Canadian market (11% per year).

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

Revenue vs Market: MRU's revenue (3.4% per year) is forecast to grow slower than the Canadian market (4.8% per year).

High Growth Revenue: MRU's revenue (3.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MRU's Return on Equity is forecast to be low in 3 years time (15.9%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/11 23:17
End of Day Share Price 2026/05/11 00:00
Earnings2025/12/20
Annual Earnings2025/09/27

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.

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 Github.

Analyst Sources

Metro Inc. is covered by 20 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jim MarroneAccountability Research Corporation
James DurranBarclays
Etienne RicardBMO Capital Markets Equity Research