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GCG.

Guardian Capital Group TSX:GCG.A Stock Report

Last Price

CA$29.97

Market Cap

CA$730.8m

7D

0.3%

1Y

-9.2%

Updated

06 Jul, 2022

Data

Company Financials +
GCG.A fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance1/6
Financial Health4/6
Dividends5/6

GCG.A Stock Overview

Guardian Capital Group Limited, together with its subsidiaries, operates as a diversified financial services company in Canada and internationally.

Guardian Capital Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Guardian Capital Group
Historical stock prices
Current Share PriceCA$29.97
52 Week HighCA$46.70
52 Week LowCA$27.51
Beta1.2
1 Month Change-2.16%
3 Month Change-21.13%
1 Year Change-9.21%
3 Year Change22.08%
5 Year Change12.21%
Change since IPO3,496.40%

Recent News & Updates

May 13
Do Guardian Capital Group's (TSE:GCG.A) Earnings Warrant Your Attention?

Do Guardian Capital Group's (TSE:GCG.A) Earnings Warrant Your Attention?

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

Shareholder Returns

GCG.ACA Capital MarketsCA Market
7D0.3%0.3%-2.1%
1Y-9.2%-14.5%-5.7%

Return vs Industry: GCG.A exceeded the Canadian Capital Markets industry which returned -14% over the past year.

Return vs Market: GCG.A underperformed the Canadian Market which returned -5.3% over the past year.

Price Volatility

Is GCG.A's price volatile compared to industry and market?
GCG.A volatility
GCG.A Average Weekly Movement5.7%
Capital Markets Industry Average Movement6.3%
Market Average Movement10.1%
10% most volatile stocks in CA Market17.6%
10% least volatile stocks in CA Market4.4%

Stable Share Price: GCG.A is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: GCG.A's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1962600George Mavroudishttps://www.guardiancapital.com

Guardian Capital Group Limited, together with its subsidiaries, operates as a diversified financial services company in Canada and internationally. The company operates through Investment management, Wealth management, Corporate activities and investment segments. The Investment management segment provides investment management services provided to clients.

Guardian Capital Group Fundamentals Summary

How do Guardian Capital Group's earnings and revenue compare to its market cap?
GCG.A fundamental statistics
Market CapCA$730.77m
Earnings (TTM)CA$138.88m
Revenue (TTM)CA$295.46m

5.2x

P/E Ratio

2.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GCG.A income statement (TTM)
RevenueCA$295.46m
Cost of RevenueCA$136.45m
Gross ProfitCA$159.01m
Other ExpensesCA$20.13m
EarningsCA$138.88m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)5.72
Gross Margin53.82%
Net Profit Margin47.00%
Debt/Equity Ratio16.5%

How did GCG.A perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

15%

Payout Ratio

Does GCG.A pay a reliable dividends?

See GCG.A dividend history and benchmarks
When do you need to buy GCG.A by to receive an upcoming dividend?
Guardian Capital Group dividend dates
Ex Dividend DateJul 08 2022
Dividend Pay DateJul 18 2022
Days until Ex dividend1 day
Days until Dividend pay date11 days

Does GCG.A pay a reliable dividends?

See GCG.A dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is GCG.A undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GCG.A?

Other financial metrics that can be useful for relative valuation.

GCG.A key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.5x
Enterprise Value/EBITDA7.4x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does GCG.A's PE Ratio compare to its peers?

GCG.A PE Ratio vs Peers
The above table shows the PE ratio for GCG.A vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11.9x
CVG Clairvest Group
3xn/aCA$978.4m
AD.UN Alaris Equity Partners Income Trust
4.9x-17.5%CA$728.6m
FSZ Fiera Capital
17.5x13.1%CA$957.7m
SII Sprott
22.4xn/aCA$1.1b
GCG.A Guardian Capital Group
5.2xn/aCA$730.8m

Price-To-Earnings vs Peers: GCG.A is good value based on its Price-To-Earnings Ratio (5.2x) compared to the peer average (11.9x).


Price to Earnings Ratio vs Industry

How does GCG.A's PE Ratio compare vs other companies in the CA Capital Markets Industry?

Price-To-Earnings vs Industry: GCG.A is good value based on its Price-To-Earnings Ratio (5.2x) compared to the Canadian Capital Markets industry average (8.4x)


Price to Earnings Ratio vs Fair Ratio

What is GCG.A's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GCG.A PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate GCG.A's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of GCG.A when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GCG.A (CA$29.97) is trading below our estimate of fair value (CA$45.73)

Significantly Below Fair Value: GCG.A is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GCG.A's PEG Ratio to determine if it is good value.


Discover undervalued companies

Future Growth

How is Guardian Capital Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


7.5%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if GCG.A's forecast earnings growth is above the savings rate (1.6%).

Earnings vs Market: Insufficient data to determine if GCG.A's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if GCG.A's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GCG.A's revenue (7.5% per year) is forecast to grow faster than the Canadian market (6.5% per year).

High Growth Revenue: GCG.A's revenue (7.5% 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 GCG.A's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Guardian Capital Group performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


20.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GCG.A has a large one-off gain of CA$92.6M impacting its March 31 2022 financial results.

Growing Profit Margin: GCG.A's current net profit margins (47%) are lower than last year (99%).


Past Earnings Growth Analysis

Earnings Trend: GCG.A's earnings have grown significantly by 20.7% per year over the past 5 years.

Accelerating Growth: GCG.A's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: GCG.A had negative earnings growth (-39.2%) over the past year, making it difficult to compare to the Capital Markets industry average (0.2%).


Return on Equity

High ROE: GCG.A's Return on Equity (17.3%) is considered low.


Discover strong past performing companies

Financial Health

How is Guardian Capital Group's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: GCG.A's short term assets (CA$416.3M) do not cover its short term liabilities (CA$495.5M).

Long Term Liabilities: GCG.A's short term assets (CA$416.3M) exceed its long term liabilities (CA$69.7M).


Debt to Equity History and Analysis

Debt Level: GCG.A has more cash than its total debt.

Reducing Debt: GCG.A's debt to equity ratio has increased from 10.9% to 16.5% over the past 5 years.

Debt Coverage: GCG.A's debt is well covered by operating cash flow (69.1%).

Interest Coverage: GCG.A's interest payments on its debt are well covered by EBIT (51.6x coverage).


Balance Sheet


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Dividend

What is Guardian Capital Group current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.20%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: GCG.A's dividend (3.2%) is higher than the bottom 25% of dividend payers in the Canadian market (1.99%).

High Dividend: GCG.A's dividend (3.2%) is low compared to the top 25% of dividend payers in the Canadian market (5.51%).


Stability and Growth of Payments

Stable Dividend: GCG.A's dividends per share have been stable in the past 10 years.

Growing Dividend: GCG.A's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (15%), GCG.A's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (27.5%), GCG.A's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

4.8yrs

Average management tenure


CEO

George Mavroudis

13.5yrs

Tenure

CA$3,639,683

Compensation

Mr. George Mavroudis, CA, CFP, FCPA, FCA, serves as the Chief Executive Officer and Director at Guardian Capital Advisors LP. Mr. Mavroudis serves as the Chief Executive Officer at Guardian Capital Group L...


CEO Compensation Analysis

Compensation vs Market: George's total compensation ($USD2.79M) is above average for companies of similar size in the Canadian market ($USD1.34M).

Compensation vs Earnings: George's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: GCG.A's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: GCG.A's board of directors are seasoned and experienced ( 10.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: GCG.A insiders have bought more shares than they have sold 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

Guardian Capital Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Guardian Capital Group Limited
  • Ticker: GCG.A
  • Exchange: TSX
  • Founded: 1962
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: CA$730.774m
  • Shares outstanding: 24.30m
  • Website: https://www.guardiancapital.com

Number of Employees


Location

  • Guardian Capital Group Limited
  • Commerce Court West
  • Suite 3100
  • Toronto
  • Ontario
  • M5L 1E8
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/06 00:00
End of Day Share Price2022/07/06 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.