TSX:BCI

Stock Analysis Report

New Look Vision Group

Executive Summary

New Look Vision Group Inc. provides eye care products and services in Canada.


Snowflake Analysis

Solid track record with adequate balance sheet.


Similar Companies

Share Price & News

How has New Look Vision Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BCI has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.2%

BCI

-1.6%

CA Specialty Retail

0.6%

CA Market


1 Year Return

3.5%

BCI

-14.7%

CA Specialty Retail

5.3%

CA Market

Return vs Industry: BCI exceeded the Canadian Specialty Retail industry which returned -14.7% over the past year.

Return vs Market: BCI underperformed the Canadian Market which returned 5.3% over the past year.


Shareholder returns

BCIIndustryMarket
7 Day-1.2%-1.6%0.6%
30 Day-0.6%-2.8%1.0%
90 Day-6.5%-3.5%4.5%
1 Year5.5%3.5%-12.0%-14.7%8.6%5.3%
3 Year22.1%15.4%-21.3%-27.7%18.0%7.4%
5 Year36.9%24.3%-26.2%-35.9%34.4%14.9%

Price Volatility Vs. Market

How volatile is New Look Vision Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is New Look Vision Group undervalued compared to its fair value and its price relative to the market?

10.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BCI (CA$31.78) is trading below our estimate of fair value (CA$35.31)

Significantly Below Fair Value: BCI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BCI is poor value based on its PE Ratio (29.5x) compared to the Specialty Retail industry average (13.9x).

PE vs Market: BCI is poor value based on its PE Ratio (29.5x) compared to the Canadian market (16x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BCI is overvalued based on its PB Ratio (3.6x) compared to the CA Specialty Retail industry average (1.4x).


Next Steps

Future Growth

How is New Look Vision Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

5.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if BCI's forecast earnings growth is above the savings rate (1.4%).

Earnings vs Market: Insufficient data to determine if BCI'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: BCI's revenue (5.3% per year) is forecast to grow faster than the Canadian market (4.8% per year).

High Growth Revenue: BCI's revenue (5.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BCI's Return on Equity is forecast to be low in 3 years time (13.6%).


Next Steps

Past Performance

How has New Look Vision Group performed over the past 5 years?

15.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BCI has high quality earnings.

Growing Profit Margin: BCI's current net profit margins (5.7%) are higher than last year (4.8%).


Past Earnings Growth Analysis

Earnings Trend: BCI's earnings have grown by 15% per year over the past 5 years.

Accelerating Growth: BCI's earnings growth over the past year (21.7%) exceeds its 5-year average (15% per year).

Earnings vs Industry: BCI earnings growth over the past year (21.7%) exceeded the Specialty Retail industry -10.5%.


Return on Equity

High ROE: BCI's Return on Equity (11.2%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is New Look Vision Group's financial position?


Financial Position Analysis

Short Term Liabilities: BCI's short term assets (CA$69.3M) exceed its short term liabilities (CA$59.6M).

Long Term Liabilities: BCI's short term assets (CA$69.3M) do not cover its long term liabilities (CA$166.9M).


Debt to Equity History and Analysis

Debt Level: BCI's debt to equity ratio (99.1%) is considered high.

Reducing Debt: BCI's debt to equity ratio has reduced from 109.2% to 99.1% over the past 5 years.

Debt Coverage: BCI's debt is well covered by operating cash flow (28.3%).

Interest Coverage: BCI's interest payments on its debt are well covered by EBIT (3.3x coverage).


Balance Sheet

Inventory Level: BCI has a high level of physical assets or inventory.

Debt Coverage by Assets: BCI's debt is not covered by short term assets (assets are 0.4x debt).


Next Steps

Dividend

What is New Look Vision Group's current dividend yield, its reliability and sustainability?

1.89%

Current Dividend Yield


Dividend Yield vs Market

company1.9%marketbottom25%1.9%markettop25%5.3%industryaverage3.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: BCI's dividend (1.89%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.89%).

High Dividend: BCI's dividend (1.89%) is low compared to the top 25% of dividend payers in the Canadian market (5.3%).


Stability and Growth of Payments

Stable Dividend: BCI's dividend payments have been volatile in the past 10 years.

Growing Dividend: BCI's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (55.6%), BCI's dividend payments are 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.


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Antoine Amiel 0

4.7yrs

Tenure

CA$910,985

Compensation

Mr. Antoine Amiel has been President and Chief Executive Officer of New Look Vision Group Inc. since June 1, 2015. Mr. Amiel serves as the President of Nikon Optical USA Inc. Mr. Amiel has been Senior Exec ...


CEO Compensation Analysis

Compensation vs Market: Antoine's total compensation ($USD686.93K) is below average for companies of similar size in the Canadian market ($USD985.18K).

Compensation vs Earnings: Antoine's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Antoine Amiel
Vice Chairman4.7yrsCA$910.99k1.33% CA$6.7m
Tania Clarke
Senior VP & CFO2yrsCA$817.26kno data
Richard Cherney
Secretary & Director22.1yrsno data0.10% CA$505.4k
Éric Babin
President of IRIS Vision Group2.3yrsCA$534.05kno data
Juanita Leary
President of Vogue Optical1.7yrsCA$259.19k0.080% CA$401.4k
France Reimnitz
Vice President of Marketing & Merchandising0yrsno data0.16% CA$796.2k
Jean-Michel Maltais
Senior Vice President of Omnichannel0.9yrsno datano data
Jason Schonfeld
Senior Vice of President of Business Development0.08yrsno data0.0045% CA$22.4k

1.8yrs

Average Tenure

Experienced Management: BCI's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Antoine Amiel
Vice Chairman4.7yrsCA$910.99k1.33% CA$6.7m
Richard Cherney
Secretary & Director22.1yrsno data0.10% CA$505.4k
Paul Echenberg
Independent Director29.1yrsCA$58.50k1.25% CA$6.2m
William Bennett
Independent Chairman of the Board9.9yrsCA$26.75k4.13% CA$20.7m
Charles Pearson
Independent Director25.1yrsCA$100.00k1.74% CA$8.7m
M. Cleman
Independent Director16.1yrsCA$61.50k0.33% CA$1.7m
Denyse Chicoyne
Independent Director1.1yrsno datano data
Pierre Matuszewski
Independent Director1.8yrsCA$37.04k0.0096% CA$48.1k
John MacLeod
Chairman of Vogue Optical0yrsCA$297.21k0.0084% CA$42.0k

13.0yrs

Average Tenure

73yo

Average Age

Experienced Board: BCI's board of directors are seasoned and experienced ( 13 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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

New Look Vision Group Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: New Look Vision Group Inc.
  • Ticker: BCI
  • Exchange: TSX
  • Founded: 1986
  • Industry: Specialty Stores
  • Sector: Retail
  • Market Cap: CA$500.187m
  • Shares outstanding: 15.66m
  • Website: https://www.newlookvision.ca

Number of Employees


Location

  • New Look Vision Group Inc.
  • 1 Place Ville-Marie
  • Suite 3670
  • Montreal
  • Quebec
  • H3B 3P2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BCITSX (The Toronto Stock Exchange)YesClass A Common SharesCACADAug 1988

Biography

New Look Vision Group Inc. provides eye care products and services in Canada. The company offers prescription eyewear and non-prescription eyewear; contact lenses; sunglasses, protective eyewear, and reading glasses; and accessories, such as cleaning products for eyeglasses and contact lenses. As of March 18, 2019, it operated a network of 373 stores, including 204 stores in Quebec, 47 stores in British Columbia, 37 stores in Ontario, 25 stores in New Brunswick, 22 stores in Nova Scotia, 13 stores in Newfoundland & Labrador, 7 stores in Prince Edward Island, and 2 stores in Saskatchewan primarily under the New Look Eyewear, Vogue Optical, Greiche & Scaff, and Iris banners. The company also operates lens processing laboratories in Charlottetown, Prince Edward Island, and Ville St-Laurent, Québec. The company was formerly known as New Look Eyewear Inc. and changed its name to New Look Vision Group Inc. in June 2015. New Look Vision Group Inc. was founded in 1986 and is headquartered in Montreal, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/21 01:02
End of Day Share Price2020/02/20 00:00
Earnings2019/09/28
Annual Earnings2018/12/29


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.