TSX:GBT

Stock Analysis Report

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

Fundamentals

Adequate balance sheet and slightly overvalued.


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


Market Performance


7 Day Return

5.4%

GBT

2.6%

CA Specialty Retail

0.2%

CA Market


1 Year Return

-22.3%

GBT

-24.7%

CA Specialty Retail

1.2%

CA Market

Return vs Industry: GBT exceeded the Canadian Specialty Retail industry which returned -24.7% over the past year.

Return vs Market: GBT underperformed the Canadian Market which returned 1.2% over the past year.


Shareholder returns

GBTIndustryMarket
7 Day5.4%2.6%0.2%
30 Day10.7%-2.7%-2.5%
90 Day-0.5%-1.7%-1.5%
1 Year-20.6%-22.3%-22.6%-24.7%4.7%1.2%
3 Year-9.7%-14.7%-22.5%-28.1%14.0%3.8%
5 Year-18.7%-25.7%-28.7%-37.1%26.4%8.1%

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?

11.88x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: GBT (CA$11.51) is trading above our estimate of fair value (CA$4.68)

Significantly Undervalued: 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 (11.9x) compared to the Specialty Retail industry average (12.8x).

PE vs Market: GBT is good value based on its PE Ratio (11.9x) compared to the Canadian market (13.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GBT is overvalued based on its PB Ratio (1.6x) compared to the CA Specialty Retail industry average (1.4x).


Next Steps

Future Growth

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

6.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GBT's forecast earnings growth (6.8% per year) is above the savings rate (1.9%).

Earnings vs Market: GBT's earnings (6.8% per year) are forecast to grow slower than the Canadian market (13.3% per year).

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

Revenue vs Market: GBT's revenue (0.9% per year) is forecast to grow slower than the Canadian market (5.7% per year).

High Growth Revenue: GBT's revenue (0.9% 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 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?

-5.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: GBT's earnings have declined by -5.1% 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 (-26.2%) over the past year, making it difficult to compare to the Specialty Retail industry average (-3.1%).


Return on Equity

High ROE: GBT's Return on Equity (13.6%) is considered low.


Return on Assets

ROA vs Industry: GBT has a higher Return on Assets than the Specialty Retail industry average last year.


Return on Capital Employed

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


Next Steps

Financial Health

How is BMTC Group's financial position?


Financial Position Analysis

Short Term Liabilities: GBT's short term assets (CA$104.6M) do not cover its short term liabilities (CA$131.6M)

Long Term Liabilities: GBT's short term assets (104.6M) exceeds its long term liabilities (20.3M)


Debt to Equity History and Analysis

Debt Level: GBT's debt to equity ratio (0.5%) 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 (2968.9%).

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


Balance Sheet

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

Debt Coverage by Assets: GBT's debt is covered by short term assets (assets are 82.894610x debt).


Next Steps

Dividend

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

2.43%

Current Dividend Yield


Dividend Yield vs Market

company2.4%marketbottom25%2.0%markettop25%5.9%industryaverage3.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: GBT's dividend (2.43%) is higher than the bottom 25% of dividend payers in the Canadian market (2%).

High Dividend: GBT's dividend (2.43%) is low compared to the top 25% of dividend payers in the Canadian market (5.94%).

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 (28.9%), 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

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

2.5yrs

Average management tenure


CEO

Marie-Berthe Groseillers 0

1.3yrs

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 has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the Canadian market.

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.


Management Age and Tenure

2.5yrs

Average Tenure

Experienced Management: GBT's management team is considered experienced (2.5 years average tenure).


Board Age and Tenure

11.0yrs

Average Tenure

Experienced Board: GBT's board of directors are seasoned and experienced ( 11 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Maurice Tanguay

    President of Ameublements Tanguay Inc

    • Tenure: 0yrs
    • Compensation: CA$208.00k
  • André Jolicoeur

    Vice President of Finance of Ameublements Tanguay Inc

    • Tenure: 0yrs
    • Compensation: CA$329.26k
  • Marie-Berthe Groseillers

    President

    • Tenure: 1.3yrs
    • Compensation: CA$1.41m
  • Guy Brouillette

    President of Brault & Martineau and Economax Divisions

    • Tenure: 4.8yrs
    • Compensation: CA$687.40k
  • Sylvie Bélanger

    Chief Financial Officer

    • Tenure: 2.5yrs
    • Compensation: CA$462.80k
  • Michèle Des Groseillers

    Secretary

    • Tenure: 0yrs

Board Members

  • André Bérard (78yo)

    Lead Director

    • Tenure: 0yrs
    • Compensation: CA$100.00k
  • Yves Groseillers

    Chairman

    • Tenure: 0yrs
    • Compensation: CA$915.70k
  • Charles Groseillers

    Director

    • Tenure: 17.5yrs
    • Compensation: CA$265.00k
  • Lucien Bouchard (80yo)

    Director

    • Tenure: 15.5yrs
    • Compensation: CA$100.00k
  • Marie-Berthe Groseillers

    President

    • Tenure: 1.3yrs
    • Compensation: CA$1.41m
  • Anne-Marie Leclair

    Director

    • Tenure: 1.3yrs
    • Compensation: CA$100.00k
  • Tony Fionda

    Director

    • Tenure: 7.5yrs
    • Compensation: CA$100.00k
  • Gabriel Castiglio

    Director

    • Tenure: 4.4yrs
    • Compensation: CA$100.00k

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$394.700m
  • Shares outstanding: 34.29m
  • 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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 23:32
End of Day Share Price2019/10/16 00:00
Earnings2019/07/31
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.