TSX:GBT

Stock Analysis Report

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Executive Summary

BMTC Group Inc., through its subsidiary, Ameublements Tanguay Inc., manages and operates a retail network of furniture, household appliances, and electronic products in Canada.


Snowflake Analysis

Adequate balance sheet and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: GBT's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.5%

GBT

1.5%

CA Specialty Retail

0.9%

CA Market


1 Year Return

-47.6%

GBT

-30.8%

CA Specialty Retail

-11.4%

CA Market

Return vs Industry: GBT underperformed the Canadian Specialty Retail industry which returned -32.8% over the past year.

Return vs Market: GBT underperformed the Canadian Market which returned -11.4% over the past year.


Shareholder returns

GBTIndustryMarket
7 Day2.5%1.5%0.9%
30 Day11.4%8.7%4.5%
90 Day-18.2%-21.8%-9.3%
1 Year-46.3%-47.6%-28.6%-30.8%-8.4%-11.4%
3 Year-38.8%-42.5%-39.2%-43.9%0.4%-8.9%
5 Year-53.5%-57.8%-36.9%-45.1%16.9%-0.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is BMTC Group undervalued compared to its fair value and its price relative to the market?

7.43x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GBT (CA$7) is trading above our estimate of fair value (CA$4.08)

Significantly Below Fair Value: GBT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GBT is good value based on its PE Ratio (7.4x) compared to the Specialty Retail industry average (9.5x).

PE vs Market: GBT is good value based on its PE Ratio (7.4x) compared to the Canadian market (13.1x).


Price to Earnings Growth Ratio

PEG Ratio: GBT's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: GBT is good value based on its PB Ratio (0.9x) compared to the CA Specialty Retail industry average (1x).


Next Steps

Future Growth

How is BMTC Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-7.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GBT's earnings are forecast to decline over the next 3 years (-7.1% per year).

Earnings vs Market: GBT's earnings are forecast to decline over the next 3 years (-7.1% per year).

High Growth Earnings: GBT's earnings are forecast to decline over the next 3 years.

Revenue vs Market: GBT's revenue is expected to decline over the next 3 years (-9.7% per year).

High Growth Revenue: GBT's revenue is forecast to decline over the next 3 years (-9.7% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has BMTC Group performed over the past 5 years?

-4.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GBT has high quality earnings.

Growing Profit Margin: GBT's current net profit margins (4.5%) are lower than last year (6.1%).


Past Earnings Growth Analysis

Earnings Trend: GBT's earnings have declined by -4.9% per year over the past 5 years.

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

Earnings vs Industry: GBT had negative earnings growth (-28.2%) over the past year, making it difficult to compare to the Specialty Retail industry average (1.2%).


Return on Equity

High ROE: GBT's Return on Equity (12.7%) is considered low.


Next Steps

Financial Health

How is BMTC Group's financial position?


Financial Position Analysis

Short Term Liabilities: GBT's short term assets (CA$110.5M) do not cover its short term liabilities (CA$129.0M).

Long Term Liabilities: GBT's short term assets (CA$110.5M) exceed its long term liabilities (CA$19.6M).


Debt to Equity History and Analysis

Debt Level: GBT's debt to equity ratio (6.2%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if GBT's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: GBT's debt is well covered by operating cash flow (264.3%).

Interest Coverage: GBT earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is BMTC Group's current dividend yield, its reliability and sustainability?

3.99%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GBT's dividend (4%) is higher than the bottom 25% of dividend payers in the Canadian market (2.04%).

High Dividend: GBT's dividend (4%) is low compared to the top 25% of dividend payers in the Canadian market (6.51%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (29.7%), GBT's dividend payments are well 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?

3.2yrs

Average management tenure


CEO

Marie-Berthe Groseillers

2yrs

Tenure

CA$1,413,600

Compensation

Ms. Marie-Berthe Des Groseillers has been President and Chief Executive Officer of BMTC Group Inc. since June 7, 2018 and its Director since April 2005. She served as Secretary of BMTC Group Inc. since Apr ...


CEO Compensation Analysis

Compensation vs Market: Marie-Berthe's total compensation ($USD1.04M) is above average for companies of similar size in the Canadian market ($USD730.29K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Marie-Berthe Groseillers
President2yrsCA$1.41m0.15% CA$365.8k
Sylvie Bélanger
Chief Financial Officer3.17yrsCA$462.80kno data
Guy Brouillette
President of Brault & Martineau and Economax Divisions5.42yrsCA$687.40k0.076% CA$182.3k
Maurice Tanguay
President of Ameublements Tanguay Incno dataCA$208.00kno data
Michèle Des Groseillers
Secretaryno datano datano data
André Jolicoeur
Vice President of Finance of Ameublements Tanguay Incno dataCA$329.26kno data

3.2yrs

Average Tenure

Experienced Management: GBT's management team is considered experienced (3.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Marie-Berthe Groseillers
President2yrsCA$1.41m0.15% CA$365.8k
André Bérard
Independent Lead Directorno dataCA$100.00k0.20% CA$486.8k
Yves Groseillers
Chairmanno dataCA$915.70k62.72% CA$149.8m
Charles Groseillers
Director18.17yrsCA$265.00k0.059% CA$140.4k
Lucien Bouchard
Director16.17yrsCA$100.00k0.16% CA$374.5k
Anne-Marie Leclair
Independent Director2yrsCA$100.00k0.021% CA$50.4k
Tony Fionda
Independent Director8.17yrsCA$100.00k0.065% CA$154.5k
Gabriel Castiglio
Director5.08yrsCA$100.00k0.044% CA$106.0k

11.7yrs

Average Tenure

Experienced Board: GBT's board of directors are seasoned and experienced ( 11.7 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

BMTC Group Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BMTC Group Inc.
  • Ticker: GBT
  • Exchange: TSX
  • Founded: 1989
  • Industry: Homefurnishing Retail
  • Sector: Retail
  • Market Cap: CA$238.795m
  • Shares outstanding: 34.02m
  • Website: https://www.bmtc.ca

Number of Employees


Location

  • BMTC Group Inc.
  • 8500 Place Marien
  • Montréal East
  • Montreal
  • Quebec
  • H1B 5W8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GBTTSX (The Toronto Stock Exchange)YesCommon SharesCACADNov 1989

Biography

BMTC Group Inc., through its subsidiary, Ameublements Tanguay Inc., manages and operates a retail network of furniture, household appliances, and electronic products in Canada. The company operates through two divisions, Brault & Martineau and EconoMax. It operates retail outlets in 32 locations in Quebec province. The company was incorporate in 1989 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 Analysis2020/06/03 02:15
End of Day Share Price2020/06/02 00:00
Earnings2019/10/31
Annual Earnings2019/01/31


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.