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New Look Vision Group

TSX:BCI
Snowflake Description

Mediocre balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BCI
TSX
CA$516M
Market Cap
  1. Home
  2. CA
  3. Retail
Company description

New Look Vision Group Inc. provides eye care products and services in Canada. The last earnings update was 72 days ago. More info.


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BCI Share Price and Events
7 Day Returns
-2.2%
TSX:BCI
-1.5%
CA Specialty Retail
-0.2%
CA Market
1 Year Returns
-7%
TSX:BCI
-31.8%
CA Specialty Retail
-2.8%
CA Market
BCI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
New Look Vision Group (BCI) -2.2% -0.8% 7.3% -7% 15.4% 50.3%
CA Specialty Retail -1.5% -4.8% -6.9% -31.8% -22% -41.1%
CA Market -0.2% -0.4% -2.3% -2.8% 7.6% 0%
1 Year Return vs Industry and Market
  • BCI outperformed the Specialty Retail industry which returned -31.8% over the past year.
  • BCI underperformed the Market in Canada which returned -2.8% over the past year.
Price Volatility
BCI
Industry
5yr Volatility vs Market

BCI Value

 Is New Look Vision Group 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
Here we compare the current share price of New Look Vision Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for New Look Vision Group.

TSX:BCI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:BCI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.832 (1 + (1- 26.5%) (29.79%))
1.009
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.009 * 5.96%)
7.96%

Discounted Cash Flow Calculation for TSX:BCI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for New Look Vision Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:BCI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 7.96%)
2020 29.65 Est @ 12.85% 27.46
2021 32.49 Est @ 9.58% 27.88
2022 34.86 Est @ 7.29% 27.70
2023 36.84 Est @ 5.69% 27.12
2024 38.52 Est @ 4.56% 26.26
2025 39.98 Est @ 3.78% 25.25
2026 41.27 Est @ 3.23% 24.14
2027 42.44 Est @ 2.84% 23.00
2028 43.54 Est @ 2.58% 21.85
2029 44.58 Est @ 2.39% 20.72
Present value of next 10 years cash flows CA$251.37
TSX:BCI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$44.58 × (1 + 1.95%) ÷ (7.96% – 1.95%)
CA$755.52
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$755.52 ÷ (1 + 7.96%)10
CA$351.19
TSX:BCI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$251.37 + CA$351.19
CA$602.56
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$602.56 / 15.63
CA$38.55
TSX:BCI Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$38.55
Current discount Discount to share price of CA$33.00
= -1 x (CA$33.00 - CA$38.55) / CA$38.55
14.4%

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

Current Discount
Amount off the current price New Look Vision Group is available for.
Intrinsic value
14%
Share price is CA$33 vs Future cash flow value of CA$38.55
Current Discount Checks
For New Look Vision Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • New Look Vision Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • New Look Vision Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 New Look Vision Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are New Look Vision Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:BCI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-30) in CAD CA$0.90
TSX:BCI Share Price ** TSX (2019-07-18) in CAD CA$33
Canada Specialty Retail Industry PE Ratio Median Figure of 6 Publicly-Listed Specialty Retail Companies 11.53x
Canada Market PE Ratio Median Figure of 538 Publicly-Listed Companies 15.08x

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

** Primary Listing of New Look Vision Group.

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

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

= 33 ÷ 0.90

36.56x

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

  • New Look Vision Group is overvalued based on earnings compared to the CA Specialty Retail industry average.
  • New Look Vision Group is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does New Look Vision Group's expected growth come at a high price?
Raw Data
TSX:BCI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 36.56x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
5%per year
North America Specialty Retail Industry PEG Ratio Median Figure of 56 Publicly-Listed Specialty Retail Companies 1.69x
Canada Market PEG Ratio Median Figure of 249 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 New Look Vision Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on New Look Vision Group's assets?
Raw Data
TSX:BCI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-30) in CAD CA$8.37
TSX:BCI Share Price * TSX (2019-07-18) in CAD CA$33
Canada Specialty Retail Industry PB Ratio Median Figure of 12 Publicly-Listed Specialty Retail Companies 1.23x
Canada Market PB Ratio Median Figure of 2,442 Publicly-Listed Companies 1.44x
TSX:BCI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 33 ÷ 8.37

3.94x

* Primary Listing of New Look Vision Group.

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

  • New Look Vision Group is overvalued based on assets compared to the CA Specialty Retail industry average.
X
Value checks
We assess New Look Vision Group'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 Specialty Retail 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 Specialty Retail industry average (and greater than 0)? (1 check)
  5. New Look Vision Group has a total score of 0/6, 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.

BCI Future Performance

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

  • No analysts cover New Look Vision Group, future earnings growth has been estimated based on fundamentals.
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
5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is New Look Vision Group expected to grow at an attractive rate?
  • New Look Vision Group's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • New Look Vision Group's earnings growth is positive but not above the Canada market average.
  • New Look Vision Group's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:BCI Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:BCI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 5%
TSX:BCI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 3.6%
Canada Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 18.9%
Canada Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.7%

*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:BCI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:BCI Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 314 3
2019-12-31 305 3
TSX:BCI Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-30 293 39 14
2018-12-29 291 35 14
2018-09-29 287 37 14
2018-06-30 270 37 12
2018-03-31 248 35 11
2017-12-30 229 32 10
2017-09-30 216 28 10
2017-07-01 210 24 9
2017-04-01 205 25 11
2016-12-31 199 22 11
2016-09-24 189 26 12
2016-06-25 181 26 9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • New Look Vision Group's earnings are expected to grow by 5% yearly, however this is not considered high growth (20% yearly).
  • New Look Vision Group's revenue is expected to grow by 3.6% 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:BCI 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 3 Analyst Estimates (S&P Global) See Below

All data from New Look Vision Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:BCI Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
TSX:BCI Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-30 0.90
2018-12-29 0.91
2018-09-29 0.90
2018-06-30 0.83
2018-03-31 0.76
2017-12-30 0.72
2017-09-30 0.77
2017-07-01 0.67
2017-04-01 0.78
2016-12-31 0.83
2016-09-24 0.87
2016-06-25 0.67

*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 New Look Vision Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess New Look Vision Group'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.
New Look Vision Group has a total score of 1/6, 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.

BCI Past Performance

  How has New Look Vision Group 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 New Look Vision Group's growth in the last year to its industry (Specialty Retail).
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.
  • New Look Vision Group's year on year earnings growth rate has been positive over the past 5 years.
  • New Look Vision Group's 1-year earnings growth exceeds its 5-year average (27.7% vs 14.3%)
  • New Look Vision Group's earnings growth has exceeded the CA Specialty Retail industry average in the past year (27.7% vs -0.2%).
Earnings and Revenue History
New Look Vision Group'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 New Look Vision Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:BCI Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-30 292.72 14.04 99.12
2018-12-29 291.03 14.19 99.06
2018-09-29 287.40 13.84 96.56
2018-06-30 269.74 12.38 90.62
2018-03-31 247.89 11.00 83.20
2017-12-30 229.15 10.06 76.73
2017-09-30 216.13 10.49 72.82
2017-07-01 209.87 9.15 71.63
2017-04-01 204.99 10.62 69.64
2016-12-31 198.54 11.17 66.73
2016-09-24 188.66 11.74 62.62
2016-06-25 181.09 9.05 59.88
2016-03-26 177.36 9.37 58.47
2015-12-26 174.56 9.16 57.53
2015-09-26 170.75 7.43 56.83
2015-06-27 161.88 9.72 53.89
2015-03-28 150.22 8.40 50.22
2014-12-27 140.25 7.77 47.05
2014-09-27 125.03 6.86 41.78
2014-06-28 113.64 6.32 37.44
2014-03-29 102.48 5.94 33.41
2013-12-28 90.97 6.24 28.60
2013-09-28 86.26 7.29 26.51
2013-06-29 85.19 7.37 26.13
2013-03-30 82.49 6.62 25.60
2012-12-29 82.30 6.48 25.53
2012-09-29 83.50 6.13 26.09

*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.
  • New Look Vision Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • New Look Vision Group used its assets less efficiently than the CA Specialty Retail industry average last year based on Return on Assets.
  • New Look Vision Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess New Look Vision Group'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 Specialty Retail 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.
New Look Vision Group has a total score of 3/6, 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.

BCI Health

 How is New Look Vision Group'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 New Look Vision Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • New Look Vision Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • New Look Vision Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of New Look Vision Group'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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
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 New Look Vision Group Company Filings, last reported 3 months ago.

TSX:BCI Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-30 145.12 153.65 5.35
2018-12-29 145.66 163.24 10.56
2018-09-29 145.72 160.98 6.15
2018-06-30 143.26 166.54 8.85
2018-03-31 140.85 170.25 11.68
2017-12-30 140.63 173.28 13.65
2017-09-30 74.93 96.85 7.77
2017-07-01 73.07 93.83 4.89
2017-04-01 71.85 92.62 4.15
2016-12-31 71.73 87.31 6.59
2016-09-24 69.44 77.45 5.98
2016-06-25 68.51 77.89 6.60
2016-03-26 65.84 75.97 7.29
2015-12-26 64.21 61.64 9.72
2015-09-26 62.01 63.21 8.71
2015-06-27 65.34 64.13 7.40
2015-03-28 62.14 67.21 5.22
2014-12-27 62.06 68.01 4.07
2014-09-27 52.39 57.21 4.05
2014-06-28 51.87 58.68 1.27
2014-03-29 50.40 64.65 2.52
2013-12-28 50.86 62.97 0.34
2013-09-28 27.80 13.26 1.03
2013-06-29 28.21 13.71 2.28
2013-03-30 26.18 9.46 1.67
2012-12-29 26.40 9.82 1.53
2012-09-29 25.40 11.66 2.04
  • New Look Vision Group's level of debt (105.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (127.9% vs 105.9% today).
  • Debt is well covered by operating cash flow (25.1%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess New Look Vision Group'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. New Look Vision Group has a total score of 3/6, 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.

BCI Dividends

 What is New Look Vision Group'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
1.82%
Current annual income from New Look Vision Group dividends.
If you bought CA$2,000 of New Look Vision Group shares you are expected to receive CA$36 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?
  • New Look Vision Group's pays a lower dividend yield than the bottom 25% of dividend payers in Canada (2.06%).
  • New Look Vision Group's dividend is below the markets top 25% of dividend payers in Canada (5.76%).
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:BCI 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 3 Analyst Estimates (S&P Global) See Below
Canada Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.6%
Canada Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

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

TSX:BCI Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
TSX:BCI Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-05-09 0.600 1.775
2019-03-19 0.600 1.938
2018-11-13 0.600 1.943
2018-08-09 0.600 1.780
2018-05-09 0.600 1.768
2018-03-21 0.600 1.772
2017-11-13 0.600 1.734
2017-08-10 0.600 1.782
2017-05-11 0.600 1.882
2017-03-15 0.600 2.134
2016-11-04 0.600 2.085
2016-08-05 0.600 2.147
2016-05-05 0.600 1.993
2016-03-14 0.600 1.929
2015-11-10 0.600 2.212
2015-08-06 0.600 2.096
2015-05-06 0.600 1.894
2015-03-16 0.600 2.058
2014-11-07 0.600 2.598
2014-08-06 0.600 2.860
2014-05-07 0.600 2.854
2014-03-12 0.600 3.166
2013-11-12 0.600 3.913
2013-08-06 0.600 5.231
2013-05-03 0.600 6.069
2013-03-08 0.600 6.255
2012-11-05 0.600 6.367
2012-07-30 0.600 6.548
2012-05-09 0.600 6.634
2012-03-13 0.600 6.993
2011-11-07 0.600 7.299
2011-07-27 0.600 7.445
2011-06-06 0.600 7.739
2011-03-21 0.600 7.835
2010-11-08 0.600 8.284
2010-08-09 0.600 8.851
2010-05-18 0.600 8.559
2010-03-18 0.650 9.231
2009-11-20 0.650 10.704
2009-10-16 0.650 10.839
2009-09-15 0.650 11.093
2009-08-26 0.650 11.735
2009-07-23 0.650 12.359
2009-06-25 0.650 12.184
2009-05-22 0.650 11.696
2009-05-06 0.650 12.115
2009-03-23 0.650 13.363
2009-02-19 0.650 14.453
2009-01-27 0.650 12.786
2008-12-18 0.650 11.906
2008-11-21 0.650 12.248
2008-10-20 0.650 11.411
2008-09-19 0.650 10.934
2008-08-26 0.650 10.294

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of New Look Vision Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
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 New Look Vision Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 New Look Vision Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. New Look Vision Group has a total score of 1/6, see the detailed checks below.


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

BCI Management

 What is the CEO of New Look Vision Group'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
Antoine Amiel
COMPENSATION CA$910,985
TENURE AS CEO 4.1 years
CEO Bio

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 Executive of Strategic Development since May 7, 2012. He served as Vice Chairman - Strategic Development of New Look Vision Group Inc. since May 7, 2012. He has over 20 years of experience in the international optical industry and for the past six years has been Executive Officer of a major international ophthalmic lens manufacturer having operations and business activities in Canada, the United States and the United Kingdom. He served as Executive Officer, Vice President of International Subsidiaries and CEO of Nikon Optical USA, Canada and United Kingdom from 2005 to 2012. Mr. Amiel was Managing Director (CEO) of Nikon Optical UK Ltd from 2002 to 2005. He was Chief Financial Officer of Nikon-Essilor from 1999 to 2002. He held several finance and marketing positions in Asia-Pacific and North America. From 1999 to 2002, he was Chief Financial Officer of Nikon Corporation’s ophthalmic division, where he participated in the creation of the finance department. Mr. Amiel has been the Vice Chairman of New Look Vision Group Inc since May 7, 2012. Mr. Amiel has a Masters (DESS) in Corporate Finance from the Université de Paris IX Dauphine.

CEO Compensation
  • Antoine's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Antoine's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the New Look Vision Group management team in years:

1.4
Average Tenure
  • The average tenure for the New Look Vision Group management team is less than 2 years, this suggests a new team.
Management Team

Antoine Amiel

TITLE
Vice Chairman
COMPENSATION
CA$911K
TENURE
4.1 yrs

Tania Clarke

TITLE
Senior VP & CFO
COMPENSATION
CA$817K
AGE
50
TENURE
1.4 yrs

Richard Cherney

TITLE
Secretary & Director

Éric Babin

TITLE
President of IRIS Vision Group
COMPENSATION
CA$534K
TENURE
1.8 yrs

Juanita Leary

TITLE
President of Vogue Optical
COMPENSATION
CA$259K
TENURE
1.1 yrs

France Reimnitz

TITLE
Vice President of Marketing & Merchandising

Jean-Michel Maltais

TITLE
Senior Vice President of Omnichannel
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the New Look Vision Group board of directors in years:

12.4
Average Tenure
73
Average Age
  • The average tenure for the New Look Vision Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

William Bennett

TITLE
Chairman of the Board
COMPENSATION
CA$27K
AGE
73
TENURE
9.3 yrs

Antoine Amiel

TITLE
Vice Chairman
COMPENSATION
CA$911K
TENURE
7.2 yrs

Richard Cherney

TITLE
Secretary & Director
TENURE
21.5 yrs

John MacLeod

TITLE
Chairman of Vogue Optical
COMPENSATION
CA$297K

Sylvain Boucher

TITLE
Chairman of IRIS Vision Group

Charles Pearson

TITLE
Independent Director
COMPENSATION
CA$100K
TENURE
24.5 yrs

Paul Echenberg

TITLE
Independent Director
COMPENSATION
CA$59K
AGE
74
TENURE
28.5 yrs

M. Cleman

TITLE
Independent Director
COMPENSATION
CA$62K
TENURE
15.5 yrs

Pierre Matuszewski

TITLE
Director
COMPENSATION
CA$37K
TENURE
1.2 yrs

Denyse Chicoyne

TITLE
Director
AGE
66
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • New Look Vision Group individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
03. Jul 19 Buy Pierre Matuszewski Individual 28. Jun 19 28. Jun 19 1,000 CA$32.62 CA$32,620
28. Jun 19 Sell Caroline Rouleau Individual 27. Jun 19 27. Jun 19 -3,000 CA$34.40 CA$-103,200
29. Mar 19 Sell France Reimnitz Individual 29. Mar 19 29. Mar 19 -550 CA$29.39 CA$-16,164
28. Mar 19 Sell Mario Pageau Individual 27. Mar 19 27. Mar 19 -425 CA$30.77 CA$-12,976
06. Sep 18 Sell Marie-Josée Mercier Individual 06. Sep 18 06. Sep 18 -1,620 CA$34.39 CA$-55,712
06. Sep 18 Sell Mario Pageau Individual 05. Sep 18 05. Sep 18 -1,500 CA$34.15 CA$-51,225
X
Management checks
We assess New Look Vision Group'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. New Look Vision Group 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.

BCI News

Simply Wall St News

Does New Look Vision Group Inc.’s (TSE:BCI) ROCE Reflect Well On The Business?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for New Look Vision Group: 0.10 = CA$32m ÷ (CA$369m - CA$58m) (Based on the trailing twelve months to March 2019.) Therefore, New Look Vision Group has an ROCE of 10%. … How New Look Vision Group's Current Liabilities Impact Its ROCE Current liabilities are short term bills and invoices that need to be paid in 12 months or less. … The Bottom Line On New Look Vision Group's ROCE This is good to see, and with a sound ROCE, New Look Vision Group could be worth a closer look.

Simply Wall St -

How Much Of New Look Vision Group Inc. (TSE:BCI) Do Insiders Own?

Check out our latest analysis for New Look Vision Group TSX:BCI Ownership Summary, June 21st 2019 What Does The Institutional Ownership Tell Us About New Look Vision Group? … Insider Ownership Of New Look Vision Group The definition of company insiders can be subjective, and does vary between jurisdictions. … I can report that insiders do own shares in New Look Vision Group Inc..

Simply Wall St -

How Much Of New Look Vision Group Inc. (TSE:BCI) Do Insiders Own?

With a market capitalization of CA$519m, New Look Vision Group is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for New Look Vision Group TSX:BCI Ownership Summary, June 21st 2019 What Does The Institutional Ownership Tell Us About New Look Vision Group? … Insider Ownership Of New Look Vision Group The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

How Does New Look Vision Group Inc.'s (TSE:BCI) Earnings Growth Stack Up Against Industry Performance?

Today I will take a look at New Look Vision Group Inc.'s (TSE:BCI) most recent earnings update (30 March 2019) and compare these latest figures against its performance over the past few years, as well as how the rest of the specialty retail industry performed. … See our latest analysis for New Look Vision Group How Did BCI's Recent Performance Stack Up Against Its Past? … Furthermore, its return on assets (ROA) of 6.7% is below the CA Specialty Retail industry of 7.1%, indicating New Look Vision Group's are utilized less efficiently.

Simply Wall St -

How Good Is New Look Vision Group Inc. (TSE:BCI), When It Comes To ROE?

See our latest analysis for New Look Vision Group How Do I Calculate Return On Equity? … The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for New Look Vision Group: 9.8% = CA$14m ÷ CA$145m (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Combining New Look Vision Group's Debt And Its 9.8% Return On Equity New Look Vision Group does use a significant amount of debt to increase returns.

Simply Wall St -

Is New Look Vision Group Inc. (TSE:BCI) Overpaying Its CEO?

See our latest analysis for New Look Vision Group How Does Antoine Amiel's Compensation Compare With Similar Sized Companies? … With a total shareholder return of 7.3% over three years, New Look Vision Group Inc. … If you want to buy a stock that is better than New Look Vision Group, this free list of high return, low debt companies is a great place to look.

Simply Wall St -

Why New Look Vision Group Inc.'s (TSE:BCI) High P/E Ratio Isn't Necessarily A Bad Thing

To keep it practical, we'll show how New Look Vision Group Inc.'s (TSE:BCI) P/E ratio could help you assess the value on offer. … New Look Vision Group has a price to earnings ratio of 33.91, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

An Intrinsic Calculation For New Look Vision Group Inc. (TSE:BCI) Suggests It's 45% Undervalued

by estimating the company's future cash flows and discounting them to their present value. … We generally believe that a company's value is the present value of all of the cash it will generate in the future. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.

Simply Wall St -

Is New Look Vision Group Inc. (TSE:BCI) A Strong Dividend Stock?

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Let's dig deeper into whether New Look Vision Group should have a place in your portfolio. … Check out our latest analysis for New Look Vision Group

Simply Wall St -

Do Insiders Own Lots Of Shares In New Look Vision Group Inc. (TSE:BCI)?

A look at the shareholders of New Look Vision Group Inc. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … New Look Vision Group is a smaller company with a market capitalization of CA$483m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

BCI Company Info

Description

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.

Details
Name: New Look Vision Group Inc.
BCI
Exchange: TSX
Founded: 1986
CA$515,803,893
15,630,421
Website: http://www.newlookvision.ca
Address: New Look Vision Group Inc.
1 Place Ville-Marie,
Suite 3670,
Montreal,
Quebec, H3B 3P2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX BCI Class A Common Shares The Toronto Stock Exchange CA CAD 31. Aug 1988
Number of employees
Current staff
Staff numbers
2,615
New Look Vision Group employees.
Industry
Specialty Stores
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 00:18
End of day share price update: 2019/07/18 00:00
Last estimates confirmation: 2019/07/07
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/30
Last annual earnings reported: 2018/12/29


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.