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

Fundamentals

Adequate balance sheet with acceptable track record.


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


Market Performance


7 Day Return

0%

BCI

2.0%

CA Specialty Retail

-0.2%

CA Market


1 Year Return

-1.9%

BCI

-24.2%

CA Specialty Retail

1.1%

CA Market

Return vs Industry: BCI exceeded the Canadian Specialty Retail industry which returned -24.2% over the past year.

Return vs Market: BCI underperformed the Canadian Market which returned 1.1% over the past year.


Shareholder returns

BCIIndustryMarket
7 Day0%2.0%-0.2%
30 Day1.5%-1.2%-3.3%
90 Day-2.3%-0.6%-1.6%
1 Year0.004%-1.9%-22.1%-24.2%4.6%1.1%
3 Year22.3%15.6%-22.0%-27.6%13.1%3.1%
5 Year81.5%64.4%-29.3%-37.6%24.7%6.7%

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?

30x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: BCI (CA$32.47) is trading above our estimate of fair value (CA$31.68)

Significantly Undervalued: BCI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BCI is poor value based on its PE Ratio (30x) compared to the Specialty Retail industry average (12.9x).

PE vs Market: BCI is poor value based on its PE Ratio (30x) compared to the Canadian market (13.7x).


Price to Earnings Growth Ratio

Low 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 (3.7x) 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 2 analysts?

7.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BCI's forecast earnings growth (7.3% per year) is above the savings rate (1.9%).

Earnings vs Market: BCI's earnings (7.3% per year) are forecast to grow slower than the Canadian market (13.6% per year).

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

Revenue vs Market: BCI's revenue (2.4% per year) is forecast to grow slower than the Canadian market (5.7% per year).

High Growth Revenue: BCI's revenue (2.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if BCI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

14.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BCI's earnings have grown by 14.8% per year over the past 5 years.

Accelerating Growth: BCI's earnings growth over the past year (36.3%) exceeds its 5-year average (14.8% per year).

Earnings vs Industry: BCI earnings growth over the past year (36.3%) exceeded the Specialty Retail industry -3.1%.


Return on Equity

High ROE: BCI's Return on Equity (11.3%) is considered low.


Return on Assets

ROA vs Industry: BCI's Return on Assets is below or equal to the Specialty Retail industry average last year.


Return on Capital Employed

ROCE Improving: BCI's Return on Capital Employed has declined over the past 3 years.


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$65.7M) exceeds its short term liabilities (CA$54.8M)

Long Term Liabilities: BCI's short term assets (65.7M) do not cover its long term liabilities (172.4M)


Debt to Equity History and Analysis

Debt Level: BCI's debt to equity ratio (104.7%) is considered high

Reducing Debt: BCI's debt to equity ratio has reduced from 113% to 104.7% over the past 5 years.

Debt Coverage: BCI's debt is well covered by operating cash flow (24.9%).

Interest Coverage: BCI's interest payments on its debt are well covered by EBIT (3.1x 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?

1.85%

Current Dividend Yield


Dividend Yield vs Market

company1.8%marketbottom25%2.0%markettop25%6.0%industryaverage3.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: BCI's dividend (1.85%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (2.04%).

High Dividend: BCI's dividend (1.85%) is low compared to the top 25% of dividend payers in the Canadian market (6.03%).

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 (55.4%), 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

What is the CEO of New Look Vision Group's salary, the management and board of directors tenure and is there insider trading?

1.7yrs

Average management tenure


CEO

Antoine Amiel 0

4.3yrs

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 ($USD693.61K) is about average for companies of similar size in the Canadian market ($USD1.08M).

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


Management Age and Tenure

1.7yrs

Average Tenure

Experienced Management: BCI's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Age and Tenure

12.7yrs

Average Tenure

73yo

Average Age

Experienced Board: BCI's board of directors are seasoned and experienced ( 12.7 years average tenure).


Insider Trading

Insider Buying: BCI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCA$9,60019 Sep 19
Jason Schonfeld
EntityIndividual
Shares300
Max PriceCA$32.00
BuyCA$32,62003 Jul 19
Pierre Matuszewski
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceCA$32.62
SellCA$103,20028 Jun 19
Caroline Rouleau
EntityIndividual
Shares3,000
Max PriceCA$34.40
SellCA$16,16429 Mar 19
France Reimnitz
EntityIndividual
Role
Head of Marketing
Vice President of Marketing & Merchandising
Shares550
Max PriceCA$29.39
SellCA$12,97628 Mar 19
Mario Pageau
EntityIndividual
Shares425
Max PriceCA$30.77

Ownership Breakdown


Management Team

  • Tania Clarke (50yo)

    Senior VP & CFO

    • Tenure: 1.7yrs
    • Compensation: CA$817.26k
  • Richard Cherney

    Secretary & Director

    • Tenure: 21.8yrs
  • France Reimnitz

    Vice President of Marketing & Merchandising

    • Tenure: 0yrs
  • Antoine Amiel

    Vice Chairman

    • Tenure: 4.3yrs
    • Compensation: CA$910.99k
  • Juanita Leary

    President of Vogue Optical

    • Tenure: 1.3yrs
    • Compensation: CA$259.19k
  • Éric Babin

    President of IRIS Vision Group

    • Tenure: 2yrs
    • Compensation: CA$534.05k
  • Jean-Michel Maltais

    Senior Vice President of Omnichannel

    • Tenure: 0.6yrs

Board Members

  • Paul Echenberg (74yo)

    Independent Director

    • Tenure: 28.8yrs
    • Compensation: CA$58.50k
  • William Bennett (73yo)

    Independent Chairman of the Board

    • Tenure: 9.6yrs
    • Compensation: CA$26.75k
  • Charles Pearson

    Independent Director

    • Tenure: 24.8yrs
    • Compensation: CA$100.00k
  • Richard Cherney

    Secretary & Director

    • Tenure: 21.8yrs
  • M. Cleman

    Independent Director

    • Tenure: 15.8yrs
    • Compensation: CA$61.50k
  • Denyse Chicoyne (66yo)

    Independent Director

    • Tenure: 0.8yrs
  • Antoine Amiel

    Vice Chairman

    • Tenure: 4.3yrs
    • Compensation: CA$910.99k
  • Pierre Matuszewski

    Independent Director

    • Tenure: 1.4yrs
    • Compensation: CA$37.04k
  • Sylvain Boucher

    Chairman of IRIS Vision Group

    • Tenure: 0yrs
  • John MacLeod

    Chairman of Vogue Optical

    • Tenure: 0yrs
    • Compensation: CA$297.21k

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$507.987m
  • Shares outstanding: 15.64m
  • 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 readi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 00:09
End of Day Share Price2019/10/08 00:00
Earnings2019/06/29
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.