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Transat A.T

TSX:TRZ
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TRZ
TSX
CA$452M
Market Cap
  1. Home
  2. CA
  3. Consumer Services
Company description

Transat A.T. Inc. operates as an integrated tour operator in the Americas and Europe. The last earnings update was 68 days ago. More info.


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  • Transat A.T has significant price volatility in the past 3 months.
TRZ Share Price and Events
7 Day Returns
16.7%
TSX:TRZ
-4.8%
CA Hospitality
-0.2%
CA Market
1 Year Returns
41.7%
TSX:TRZ
-31%
CA Hospitality
-1.9%
CA Market
TRZ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Transat A.T (TRZ) 16.7% 126.2% 120% 41.7% 49.1% 37.7%
CA Hospitality -4.8% -4.4% 1.6% -31% 41.2% 119.4%
CA Market -0.2% -1.6% 2.1% -1.9% 13.3% 4.3%
1 Year Return vs Industry and Market
  • TRZ outperformed the Hospitality industry which returned -31% over the past year.
  • TRZ outperformed the Market in Canada which returned -1.9% over the past year.
Price Volatility
TRZ
Industry
5yr Volatility vs Market

Value

 Is Transat A.T undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Transat A.T. This is due to cash flow or dividend data being unavailable. The share price is CA$11.99.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Transat A.T's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Transat A.T's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:TRZ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-31) in CAD CA$-1.14
TSX:TRZ Share Price ** TSX (2019-05-17) in CAD CA$11.99
Canada Hospitality Industry PE Ratio Median Figure of 13 Publicly-Listed Hospitality Companies 17.3x
Canada Market PE Ratio Median Figure of 545 Publicly-Listed Companies 14.85x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Transat A.T.

TSX:TRZ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:TRZ Share Price ÷ EPS (both in CAD)

= 11.99 ÷ -1.14

-10.54x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Transat A.T is loss making, we can't compare its value to the CA Hospitality industry average.
  • Transat A.T is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Transat A.T's expected growth come at a high price?
Raw Data
TSX:TRZ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -10.54x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
98.7%per year
North America Hospitality Industry PEG Ratio Median Figure of 59 Publicly-Listed Hospitality Companies 1.73x
Canada Market PEG Ratio Median Figure of 252 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Transat A.T, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Transat A.T's assets?
Raw Data
TSX:TRZ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-31) in CAD CA$14.69
TSX:TRZ Share Price * TSX (2019-05-17) in CAD CA$11.99
Canada Hospitality Industry PB Ratio Median Figure of 22 Publicly-Listed Hospitality Companies 1.63x
Canada Market PB Ratio Median Figure of 2,407 Publicly-Listed Companies 1.41x
TSX:TRZ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:TRZ Share Price ÷ Book Value per Share (both in CAD)

= 11.99 ÷ 14.69

0.82x

* Primary Listing of Transat A.T.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Transat A.T is good value based on assets compared to the CA Hospitality industry average.
X
Value checks
We assess Transat A.T's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Transat A.T has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Transat A.T expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
98.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Transat A.T expected to grow at an attractive rate?
  • Unable to compare Transat A.T's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Transat A.T's earnings growth to the Canada market average as it is expected to be loss making during the next 1-3 years.
  • Transat A.T's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:TRZ Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:TRZ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 98.7%
TSX:TRZ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 2.6%
Canada Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 19.2%
Canada Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:TRZ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:TRZ Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-10-31 3,117 -5 1
2020-10-31 3,029 91 -1 7
2019-10-31 2,919 76 -30 7
TSX:TRZ Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-01-31 2,992 16 -43
2018-10-31 2,993 69 4
2018-07-31 2,945 133 148
2018-04-30 2,982 188 178
2018-01-31 2,964 153 163
2017-10-31 3,005 161 134
2017-07-31 2,919 113 -34
2017-04-30 2,849 146 -53
2017-01-31 2,853 49 -70
2016-10-31 2,890 48 -92
2016-07-31 2,912 66 -12
2016-04-30 2,953 76 -7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Transat A.T is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Transat A.T's revenue is expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:TRZ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Transat A.T Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:TRZ Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-10-31 -0.15 -0.15 -0.15 1.00
2020-10-31 -0.03 0.36 -0.47 5.00
2019-10-31 -0.96 -0.88 -1.03 3.00
TSX:TRZ Past Financials Data
Date (Data in CAD Millions) EPS *
2019-01-31 -1.14
2018-10-31 0.10
2018-07-31 3.96
2018-04-30 4.79
2018-01-31 4.40
2017-10-31 3.63
2017-07-31 -0.93
2017-04-30 -1.44
2017-01-31 -1.91
2016-10-31 -2.48
2016-07-31 -0.32
2016-04-30 -0.18

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Transat A.T will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Transat A.T's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Transat A.T has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Transat A.T performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Transat A.T's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Transat A.T does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Transat A.T's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Transat A.T's 1-year growth to the CA Hospitality industry average as it is not currently profitable.
Earnings and Revenue History
Transat A.T's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Transat A.T Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:TRZ Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-31 2,991.76 -42.63 85.97
2018-10-31 2,992.58 3.82 87.76
2018-07-31 2,945.47 147.60 110.78
2018-04-30 2,982.07 178.22 111.63
2018-01-31 2,964.40 163.19 113.10
2017-10-31 3,005.35 134.31 88.64
2017-07-31 2,918.91 -34.34 91.35
2017-04-30 2,849.34 -53.22 92.06
2017-01-31 2,853.26 -70.20 91.82
2016-10-31 2,889.65 -91.52 92.02
2016-07-31 2,911.54 -11.99 92.71
2016-04-30 2,952.79 -6.63 93.50
2016-01-31 2,939.72 45.13 95.00
2015-10-31 2,897.95 44.92 95.17
2015-07-31 3,108.60 16.49 111.37
2015-04-30 3,345.46 29.25 129.68
2015-01-31 3,588.93 -5.08 152.85
2014-10-31 3,752.20 22.88 170.72
2014-07-31 3,716.16 46.99 169.14
2014-04-30 3,701.46 62.30 167.48
2014-01-31 3,689.67 47.44 167.75
2013-10-31 3,648.16 57.96 163.61
2013-07-31 3,602.98 19.85 161.72
2013-04-30 3,585.04 -11.88 160.73
2013-01-31 3,690.64 -2.32 161.17
2012-10-31 3,714.22 -16.67 158.36
2012-07-31 3,756.71 -40.55 164.97

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Transat A.T has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Transat A.T has efficiently used its assets last year compared to the CA Hospitality industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Transat A.T improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Transat A.T's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Transat A.T has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Transat A.T's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Transat A.T's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Transat A.T is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Transat A.T's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Transat A.T's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Transat A.T has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Transat A.T Company Filings, last reported 3 months ago.

TSX:TRZ Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-31 552.48 0.00 620.45
2018-10-31 599.37 0.00 593.65
2018-07-31 603.65 0.00 867.25
2018-04-30 610.86 0.00 903.30
2018-01-31 589.81 0.00 749.34
2017-10-31 604.27 0.00 593.58
2017-07-31 452.78 0.00 580.74
2017-04-30 457.71 0.00 566.29
2017-01-31 450.49 0.00 454.83
2016-10-31 489.39 0.00 363.66
2016-07-31 426.86 0.00 470.07
2016-04-30 407.24 0.00 440.56
2016-01-31 481.91 0.00 431.41
2015-10-31 537.25 0.00 336.42
2015-07-31 488.82 0.00 515.55
2015-04-30 439.26 0.00 441.54
2015-01-31 465.62 0.00 393.63
2014-10-31 484.07 0.00 308.89
2014-07-31 442.58 0.00 497.07
2014-04-30 418.18 0.00 404.55
2014-01-31 440.69 0.00 359.60
2013-10-31 442.51 0.00 265.82
2013-07-31 378.66 0.00 389.34
2013-04-30 333.16 0.00 336.15
2013-01-31 355.02 0.00 247.88
2012-10-31 369.13 0.00 171.18
2012-07-31 387.84 0.00 292.74
  • Transat A.T has no debt.
  • Transat A.T has not taken on any debt in the past 5 years.
  • Transat A.T has no debt, it does not need to be covered by operating cash flow.
  • Transat A.T has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Transat A.T's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Transat A.T has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Transat A.T's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Transat A.T dividends.
If you bought CA$2,000 of Transat A.T shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Transat A.T's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Transat A.T's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:TRZ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Canada Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 2.4%
Canada Market Average Dividend Yield Market Cap Weighted Average of 332 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:TRZ Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-10-31
2020-10-31
2019-10-31
TSX:TRZ Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2010-12-16 0.000 0.000
2010-12-15 0.000 0.000
2010-09-08 0.000 0.000
2010-06-09 0.000 0.000
2010-03-11 0.000 0.000
2010-03-10 0.000 0.000
2010-01-21 0.000 0.000
2009-12-17 0.000 0.000
2009-09-09 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Transat A.T has not reported any payouts.
  • Unable to verify if Transat A.T's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Transat A.T's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Transat A.T has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Transat A.T's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Transat A.T afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Transat A.T has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Transat A.T's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jean-Marc Eustache
COMPENSATION CA$2,637,354
AGE 70
CEO Bio

Mr. Jean-Marc Eustache co-founded Transat A.T. Inc. and serves as its President and Chief Executive Officer. Mr. Eustache serves as the President at Look Voyages SA at Transat A.T. Inc. He has been President of Air Transat A.T. Inc. since June 30, 2013. He began his career in the tourism industry at Tourbec in 1977, specializing in youth and student tourism, before going on to Trafic Voyages. He serves as the Chairman of Transat Tours Canada at Transat AT, Inc. He serves as the Chairman at Transat A.T. Inc. He has been a Non-Independent Director of Transat A.T. Inc. since February 1987. He also sits on the Board of Directors of many of Transat AT Inc.'s subsidiaries. He is a Member of the Board of Directors of several non-profit organizations, such as the Cercle des President du Québec and Université du Québec à Montréal Foundation and serves as Théâtre Espace Go since 1994. He served as a Director of Canadian Tourism Commission from 1998 to 2011. He served as Independent Director of Quebecor Inc. since 2005 until January 17, 2012. Mr. Eustache holds a Bachelor of Administration in Economics (1974) from l'Université du Québec à Montréal.

CEO Compensation
  • Jean-Marc's compensation has increased whilst company is loss making.
  • Jean-Marc's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Transat A.T management team in years:

3.3
Average Tenure
  • The tenure for the Transat A.T management team is about average.
Management Team

Jean-Marc Eustache

TITLE
Chairman of the Board
COMPENSATION
CA$3M
AGE
70

Denis Pétrin

TITLE
VP of Finance & Administration and CFO
COMPENSATION
CA$949K
TENURE
10.3 yrs

Annick Guérard

TITLE
Chief Operating Officer
COMPENSATION
CA$1M
TENURE
1.5 yrs

Bernard Bussières

TITLE
VP of Legal Affairs
COMPENSATION
CA$828K
TENURE
18.2 yrs

Jean-Francois Lemay

TITLE
President & GM of Air Transat
COMPENSATION
CA$903K
TENURE
3.3 yrs

Odette Trottier

TITLE
Director of Corporate Affairs & Communications

Christophe Hennebelle

TITLE
Vice President of Human Resources & Public Affairs
TENURE
2.9 yrs

Daniel Godbout

TITLE
Senior VP & Advisor to the President
COMPENSATION
CA$778K
TENURE
8.3 yrs

Bruno Leclaire

TITLE
Chief Information & Digital Officer
AGE
52

Joe Adamo

TITLE
President-Transat Distribution Canada Inc and VP & Chief Distribution Officer-Transat Tours Canada
TENURE
2.1 yrs
Board of Directors Tenure

Average tenure and age of the Transat A.T board of directors in years:

8.9
Average Tenure
67
Average Age
  • The tenure for the Transat A.T board of directors is about average.
Board of Directors

Jean-Marc Eustache

TITLE
Chairman of the Board
COMPENSATION
CA$3M
AGE
70

Jacques Simoneau

TITLE
Independent Director
COMPENSATION
CA$127K
AGE
60
TENURE
18.5 yrs

Jean-Yves Leblanc

TITLE
Director
COMPENSATION
CA$167K
AGE
71
TENURE
10.4 yrs

W. Edwards

TITLE
Indepedent Director
COMPENSATION
CA$134K
AGE
68
TENURE
8.9 yrs

Raymond Bachand

TITLE
Lead Director
COMPENSATION
CA$112K
AGE
70
TENURE
0.7 yrs

Lina De Cesare

TITLE
Director
COMPENSATION
CA$95K
AGE
66
TENURE
30 yrs

Philippe Sureau

TITLE
Director
COMPENSATION
CA$84K
AGE
68
TENURE
32.3 yrs

Louis-Marie Beaulieu

TITLE
Independent Director
COMPENSATION
CA$100K
AGE
64
TENURE
6.2 yrs

Susan Kudzman

TITLE
Independent Director
COMPENSATION
CA$123K
AGE
55
TENURE
5.2 yrs

Lucie Chabot

TITLE
Independent Director
COMPENSATION
CA$104K
AGE
58
TENURE
3.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
02. Aug 18 Sell Daniel Godbout Individual 31. Jul 18 31. Jul 18 -25,000 CA$8.89 CA$-220,925
11. Jul 18 Sell Lina De Cesare Individual 10. Jul 18 10. Jul 18 -40,000 CA$8.55 CA$-342,000
X
Management checks
We assess Transat A.T's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Transat A.T has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does Transat A.T. Inc. (TSE:TRZ) Have A Particularly Volatile Share Price?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.

Simply Wall St -

Our Take On Transat A.T. Inc.'s (TSE:TRZ) CEO Salary

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Jean-Marc Eustache's Compensation Compare With Similar Sized Companies. … has a market capitalization of CA$191m, and pays its CEO total annual compensation worth CA$2.5m.

Simply Wall St -

Could Transat A.T. Inc.'s (TSE:TRZ) Investor Composition Influence The Stock Price?

Generally speaking, as a company grows, institutions will increase their ownership. … Transat A.T is a smaller company with a market capitalization of CA$204m, so it may still be flying under the radar of many institutional investors. … institutional investors have bought into the company.

Simply Wall St -

Is Transat A.T. Inc.'s (TSE:TRZ) Future Growth Already Accounted For In Today's Price?

(TSE:TRZ) are high, but many investors are starting to ask whether its last close at CA$5.84 can still be rationalized by the future potential. … Want to help shape the future of investing tools and platforms. … One reason why investors are attracted to TRZ is the high growth potential in the near future

Simply Wall St -

Are Insiders Selling Transat A.T. Inc. (TSE:TRZ) Stock?

So we'll take a look at whether insiders have been buying or selling shares in Transat A.T. … Although we don't gain confidence from insider selling, we note that this large sale was at well above current price of CA$5.41. … Over the last year, we note insiders sold 89.39k shares worth CA$834k.

Simply Wall St -

What Kind Of Shareholders Own Transat AT Inc (TSE:TRZ)?

If you want to know who really controls Transat AT Inc (TSE:TRZ), then you'll have to look at the makeup of its share registry. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … We also tend to see lower insider ownership in companies that were previously publicly owned.

Simply Wall St -

Looking At Transat AT Inc (TSE:TRZ) From All Angles

Transat AT Inc (TSE:TRZ) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … company with a

Simply Wall St -

Who Are The Largest Shareholders In Transat AT Inc (TSE:TRZ)?

Today, I will be analyzing Transat AT Inc’s (TSE:TRZ) recent ownership structure, an important but not-so-popular subject among individual investors. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders. … TSX:TRZ Ownership Summary August 15th 18

Simply Wall St -

Should You Sell When Transat AT Inc's (TSE:TRZ) Insiders Do?

some insider selling over the past three months, with insiders divesting from. … A well-known argument is that insiders divesting from their own companies’ shares sends a pessimistic signal. … A research published in The MIT Press (1998) concluded that stocks following insider selling fell 2.7% compared to the market

Simply Wall St -

How Transat AT Inc's (TSE:TRZ) Earnings Growth Stacks Up Against The Industry

Investors with a long-term horizong may find it valuable to assess Transat AT Inc's (TSE:TRZ) earnings trend over time and against its industry benchmark as opposed to simply looking at a sincle earnings announcement at one point in time. … Below is my commentary, albiet very simple and high-level, on how Transat A.T is currently performing. … TRZ's trailing twelve-month earnings (from 30 April 2018) of CA$174.83m has

Simply Wall St -

Company Info

Description

Transat A.T. Inc. operates as an integrated tour operator in the Americas and Europe. It develops and markets holiday travel services in packages, including air travel and hotel stays, and air-only formats to 60 destinations in approximately 25 in the Americas and Europe. The company also operates as an outgoing tour operator to purchase various components of a trip locally or abroad and sell them separately or in packages to consumers in their local markets, through travel agencies, or through the Web. In addition, it is involved in the retail distribution activities, such as providing advice to travelers and selling consumer products through travel agency networks, Websites, and call centers. Further, the company provides air transportation services; and value-added services at travel destinations. Additionally, it offers destination services, such as hospitality and representation, passenger transfers, excursions, tours, sports and other activities; and specialty services, including destination weddings, teambuilding, etc. The company operates under the Transat and Air Transat brands in Canada, France, the United Kingdom, and in approximately 10 other European countries. Transat A.T. Inc. was incorporated in 1987 and is headquartered in Montréal, Canada.

Details
Name: Transat A.T. Inc.
TRZ
Exchange: TSX
Founded: 1987
CA$451,577,439
37,662,839
Website: http://www.transat.com
Address: Transat A.T. Inc.
300 Léo-Pariseau Street,
Suite 600,
Montréal,
Quebec, H2X 4C2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX TRZ Class B Shares The Toronto Stock Exchange CA CAD 01. Mar 2005
OTCPK TRZB.F Class B Shares Pink Sheets LLC US USD 01. Mar 2005
DB 1TJ Class B Shares Deutsche Boerse AG DE EUR 01. Mar 2005
TSX TRZ Class B Shares The Toronto Stock Exchange CA CAD 01. Mar 2005
Number of employees
Current staff
Staff numbers
5,000
Transat A.T employees.
Industry
Hotels, Resorts and Cruise Lines
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 01:59
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/17
Last earnings filing: 2019/03/13
Last earnings reported: 2019/01/31
Last annual earnings reported: 2018/10/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.