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

0.8%

TSX:BCI

1.3%

CA Specialty Retail

1.6%

CA Market


1 Year Return

-6.1%

TSX:BCI

-29.7%

CA Specialty Retail

-0.5%

CA Market

BCI outperformed the Specialty Retail industry which returned -28.6% over the past year.

BCI underperformed the Market in Canada which returned -0.3% over the past year.


Share holder returns

BCIIndustryMarket
7 Day0.8%1.3%1.6%
30 Day-0.2%0.5%3.9%
90 Day-3.0%-2.7%0.8%
1 Year-4.3%-6.1%-27.7%-29.7%3.0%-0.5%
3 Year25.6%18.6%-20.5%-26.1%19.5%8.8%
5 Year64.4%49.6%-27.9%-36.4%21.0%3.6%

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 based on future cash flows and its price relative to the stock market?

12%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

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 Based on Earnings

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

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

New Look Vision Group is overvalued based on assets compared to the CA Specialty Retail industry average.


Next Steps

Future Growth

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

7.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

New Look Vision Group's revenue is expected to grow by 3.4% yearly, however this is not considered high growth (20% yearly).

New Look Vision Group's earnings are expected to grow by 7.3% yearly, however this is not considered high growth (20% yearly).

New Look Vision Group's revenue growth is positive but not above the Canada market average.

New Look Vision Group's earnings growth is positive but not above the Canada market average.

New Look Vision Group's earnings growth is expected to exceed the low risk savings rate of 1.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if New Look Vision Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


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

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 (36.3% vs 14.8%)

New Look Vision Group's earnings growth has exceeded the CA Specialty Retail industry average in the past year (36.3% vs -3.1%).


Return on Equity

New Look Vision Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

New Look Vision Group used its assets less efficiently than the CA Specialty Retail industry average last year based on Return on Assets.


Return on Capital Employed

New Look Vision Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is New Look Vision Group's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

New Look Vision Group's level of debt (104.7%) 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 (113% vs 104.7% today).

Debt is well covered by operating cash flow (24.9%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 3.1x coverage).


Balance Sheet

High level of physical assets or inventory.

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?

1.87%

Current Dividend Yield


Upcoming Dividend Payment

Purchase New Look Vision Group before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

New Look Vision Group's pays a lower dividend yield than the bottom 25% of dividend payers in Canada (1.99%).

New Look Vision Group's dividend is below the markets top 25% of dividend payers in Canada (5.85%).

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

Dividends paid are covered by earnings (1.8x 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.


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?

1.6yrs

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

Antoine's remuneration is lower than average for companies of similar size in Canada.

Antoine's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

1.6yrs

Average Tenure

The average tenure for the New Look Vision Group management team is less than 2 years, this suggests a new team.


Board Age and Tenure

12.6yrs

Average Tenure

73yo

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.


Insider Trading

New Look Vision Group individual insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

BuyCA$32,62003 Jul 19
Pierre Matuszewski
EntityIndividual
Role
Member of the Board of Directors
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: 1.6yrs
    • Compensation: CA$817.26k
  • Richard Cherney

    Secretary & Director

    • Tenure: 21.7yrs
  • 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: 1.9yrs
    • Compensation: CA$534.05k
  • Jean-Michel Maltais

    Senior Vice President of Omnichannel

    • Tenure: 0.5yrs

Board Members

  • Paul Echenberg (74yo)

    Independent Director

    • Tenure: 28.7yrs
    • Compensation: CA$58.50k
  • William Bennett (73yo)

    Chairman of the Board

    • Tenure: 9.5yrs
    • Compensation: CA$26.75k
  • Charles Pearson

    Independent Director

    • Tenure: 24.7yrs
    • Compensation: CA$100.00k
  • Richard Cherney

    Secretary & Director

    • Tenure: 21.7yrs
  • M. Cleman

    Independent Director

    • Tenure: 15.7yrs
    • Compensation: CA$61.50k
  • Denyse Chicoyne (66yo)

    Director

    • Tenure: 0.7yrs
  • Antoine Amiel

    Vice Chairman

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

    Director

    • Tenure: 1.3yrs
    • 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$500.486m
  • Shares outstanding: 15.63m
  • 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 Analysis2019/09/17 00:12
End of Day Share Price2019/09/16 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.