Reported Earnings • May 06
Full year 2026 earnings released: EPS: CA$1.05 (vs CA$1.35 in FY 2025) Full year 2026 results: EPS: CA$1.05 (down from CA$1.35 in FY 2025). Revenue: CA$619.6m (up 2.8% from FY 2025). Net income: CA$33.6m (down 24% from FY 2025). Profit margin: 5.4% (down from 7.3% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Apr 01
BMTC Group Inc., Annual General Meeting, Jun 08, 2026 BMTC Group Inc., Annual General Meeting, Jun 08, 2026. Location: quebec, montreal Canada Announcement • Jan 20
BMTC Group Inc. Announces Executive Changes BMTC Group Inc. announced the appointment of Mr. Louis-Philippe Auger as President of the Tanguay division, effective January 19, 2026. Mr. Auger has served as Vice-President of the Tanguay division since 2022 and has been with the Tanguay division for over 26 years. He has significantly contributed to the division's growth over the years and has been a key player in its expansion throughout Quebec. BMTC Group Inc. also announced the departure of its current president of the Tanguay division, Mr. Charles Tanguay, who, after several years at the helm, has chosen to pursue new professional challenges. His mandate notably included the deployment of the Tanguay stores throughout the province of Quebec, an objective he successfully achieved. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CA$13.90, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 21x in the Specialty Retail industry in Canada. Negligible returns to shareholders over past three years. Reported Earnings • Dec 14
Third quarter 2026 earnings released: EPS: CA$0.32 (vs CA$0.26 in 3Q 2025) Third quarter 2026 results: EPS: CA$0.32 (up from CA$0.26 in 3Q 2025). Revenue: CA$145.3m (up 1.1% from 3Q 2025). Net income: CA$10.2m (up 20% from 3Q 2025). Profit margin: 7.0% (up from 5.9% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Sep 12
Second quarter 2026 earnings released: EPS: CA$0.53 (vs CA$0.60 in 2Q 2025) Second quarter 2026 results: EPS: CA$0.53 (down from CA$0.60 in 2Q 2025). Revenue: CA$179.3m (up 5.8% from 2Q 2025). Net income: CA$17.0m (down 13% from 2Q 2025). Profit margin: 9.5% (down from 12% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Declared Dividend • Jun 11
Dividend of CA$0.18 announced Dividend of CA$0.18 is the same as last year. Ex-date: 20th June 2025 Payment date: 27th June 2025 Dividend yield will be 2.8%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 2.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 07
BMTC Group Inc. Announces Semi-Annual Dividend, Payable on June 27, 2025 BMTC Group Inc. announced a semi-annual eligible dividend of $0.18 per Common Share has been declared to holders registered at the close of business on June 20, 2025, which will be paid on June 27, 2025. Reported Earnings • Jun 07
First quarter 2026 earnings released: CA$0.40 loss per share (vs CA$0.045 profit in 1Q 2025) First quarter 2026 results: CA$0.40 loss per share (down from CA$0.045 profit in 1Q 2025). Revenue: CA$150.1m (up 9.5% from 1Q 2025). Net loss: CA$12.9m (down CA$14.4m from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • May 07
Full year 2025 earnings released: EPS: CA$1.35 (vs CA$1.44 in FY 2024) Full year 2025 results: EPS: CA$1.35 (down from CA$1.44 in FY 2024). Revenue: CA$602.7m (up 4.1% from FY 2024). Net income: CA$43.9m (down 7.4% from FY 2024). Profit margin: 7.3% (down from 8.2% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Apr 02
BMTC Group Inc., Annual General Meeting, Jun 05, 2025 BMTC Group Inc., Annual General Meeting, Jun 05, 2025. Location: quebec, montreal Canada Reported Earnings • Dec 13
Third quarter 2025 earnings released: EPS: CA$0.26 (vs CA$0.25 loss in 3Q 2024) Third quarter 2025 results: EPS: CA$0.26 (up from CA$0.25 loss in 3Q 2024). Revenue: CA$143.8m (up 2.6% from 3Q 2024). Net income: CA$8.49m (up CA$16.9m from 3Q 2024). Profit margin: 5.9% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 13
Second quarter 2025 earnings released: EPS: CA$0.60 (vs CA$0.10 in 2Q 2024) Second quarter 2025 results: EPS: CA$0.60 (up from CA$0.10 in 2Q 2024). Revenue: CA$169.4m (flat on 2Q 2024). Net income: CA$19.5m (up 479% from 2Q 2024). Profit margin: 12% (up from 2.0% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Declared Dividend • Jun 10
Dividend of CA$0.18 announced Dividend of CA$0.18 is the same as last year. Ex-date: 21st June 2024 Payment date: 28th June 2024 Dividend yield will be 2.8%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (109% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 21% to bring the payout ratio under control. However, EPS has declined by 21% over the last 5 years so the company would need to reverse this trend. Announcement • Jun 08
BMTC Group Inc. Declares Semi-Annual Eligible Dividend, Payable on June 28, 2024 BMTC Group Inc. announced that a semi-annual eligible dividend of $0.18 per common share has been declared to holders registered at the close of business on June 21, 2024, which will be paid on June 28, 2024. Reported Earnings • Jun 07
First quarter 2025 earnings released: EPS: CA$0.04 (vs CA$1.15 in 1Q 2024) First quarter 2025 results: EPS: CA$0.04 (down from CA$1.15 in 1Q 2024). Revenue: CA$137.1m (up 1.5% from 1Q 2024). Net income: CA$1.46m (down 96% from 1Q 2024). Profit margin: 1.1% (down from 28% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • May 02
Full year 2024 earnings released: EPS: CA$1,440 (vs CA$1.23 in FY 2023) Full year 2024 results: EPS: CA$1,440 (up from CA$1.23 in FY 2023). Revenue: CA$578.9m (down 19% from FY 2023). Net income: CA$47.4m (up 16% from FY 2023). Profit margin: 8.2% (up from 5.7% in FY 2023). Over the last 3 years on average, earnings per share has increased by 169% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Mar 29
BMTC Group Inc., Annual General Meeting, Jun 06, 2024 BMTC Group Inc., Annual General Meeting, Jun 06, 2024. Reported Earnings • Dec 13
Third quarter 2024 earnings released: CA$0.25 loss per share (vs CA$0.42 profit in 3Q 2023) Third quarter 2024 results: CA$0.25 loss per share (down from CA$0.42 profit in 3Q 2023). Revenue: CA$140.1m (down 20% from 3Q 2023). Net loss: CA$8.45m (down 161% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 1% per year. Announcement • Dec 12
BMTC Group Inc. Announces A Semi-Annual Eligible Dividend, Payable on January 3, 2024 BMTC Group Inc. announced that a semi-annual eligible dividend of $0.18 per Common Share has been declared to holders registered at the close of business on December 20, 2023, which will be paid on January 3, 2024. Reported Earnings • Sep 09
Second quarter 2024 earnings released: EPS: CA$0.10 (vs CA$0.43 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.10 (down from CA$0.43 in 2Q 2023). Revenue: CA$169.1m (down 23% from 2Q 2023). Net income: CA$3.36m (down 76% from 2Q 2023). Profit margin: 2.0% (down from 6.5% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 15
Upcoming dividend of CA$0.18 per share at 2.3% yield Eligible shareholders must have bought the stock before 22 June 2023. Payment date: 03 July 2023. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Canadian dividend payers (6.3%). Lower than average of industry peers (3.7%). New Risk • Jun 14
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Jun 14
First quarter 2024 earnings released: EPS: CA$1.15 (vs CA$0.024 in 1Q 2023) First quarter 2024 results: EPS: CA$1.15 (up from CA$0.024 in 1Q 2023). Revenue: CA$135.1m (down 23% from 1Q 2023). Net income: CA$38.0m (up CA$37.2m from 1Q 2023). Profit margin: 28% (up from 0.5% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 01
Full year 2023 earnings released: EPS: CA$1.23 (vs CA$2.43 in FY 2022) Full year 2023 results: EPS: CA$1.23 (down from CA$2.43 in FY 2022). Revenue: CA$718.0m (down 12% from FY 2022). Net income: CA$40.8m (down 50% from FY 2022). Profit margin: 5.7% (down from 10.0% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improved over the past week After last week's 18% share price gain to CA$13.50, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 9x in the Specialty Retail industry in Canada. Total returns to shareholders of 42% over the past three years. Reported Earnings • Dec 15
Third quarter 2023 earnings released: EPS: CA$0.42 (vs CA$0.60 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.42 (down from CA$0.60 in 3Q 2022). Revenue: CA$175.6m (down 18% from 3Q 2022). Net income: CA$13.8m (down 31% from 3Q 2022). Profit margin: 7.9% (down from 9.4% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. Independent Director Anne-Marie Leclair was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 09
Second quarter 2023 earnings released: EPS: CA$0.43 (vs CA$0.85 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.43 (down from CA$0.85 in 2Q 2022). Revenue: CA$218.9m (down 5.5% from 2Q 2022). Net income: CA$14.2m (down 50% from 2Q 2022). Profit margin: 6.5% (down from 12% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 15
Upcoming dividend of CA$0.18 per share Eligible shareholders must have bought the stock before 22 June 2022. Payment date: 05 July 2022. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Canadian dividend payers (5.1%). Lower than average of industry peers (4.1%). Reported Earnings • Jun 10
First quarter 2023 earnings released First quarter 2023 results: Revenue: CA$175.7m (flat on 1Q 2022). Net income: CA$807.0k (down 92% from 1Q 2022). Profit margin: 0.5% (down from 5.9% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jun 10
BMTC Group Inc. Declares Semi-Annual Eligible Dividend, Payable on July 5, 2022 BMTC Group Inc. announced that semi-annual eligible dividend of $0.18 per Common Share has been declared to holders registered at the close of business on June 23, 2022, which will be paid on July 5, 2022. Reported Earnings • May 01
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: CA$2.43 (up from CA$1.61 in FY 2021). Revenue: CA$819.4m (up 26% from FY 2021). Net income: CA$81.9m (up 49% from FY 2021). Profit margin: 10.0% (up from 8.4% in FY 2021). Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) also surpassed analyst estimates by 8.2%. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. Independent Director Anne-Marie Leclair was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 31
BMTC Group Inc., Annual General Meeting, Jun 09, 2022 BMTC Group Inc., Annual General Meeting, Jun 09, 2022. Reported Earnings • Dec 15
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: CA$0.60 (down from CA$0.61 in 3Q 2021). Revenue: CA$214.0m (up 10% from 3Q 2021). Net income: CA$20.2m (down 2.8% from 3Q 2021). Profit margin: 9.4% (down from 11% in 3Q 2021). Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) also surpassed analyst estimates by 8.2%. Earnings per share (EPS) surpassed analyst estimates by 8.2%. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improved over the past week After last week's 16% share price gain to CA$15.50, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 11x in the Specialty Retail industry in Canada. Total returns to shareholders of 4.7% over the past three years. Reported Earnings • Sep 11
Second quarter 2022 earnings released: EPS CA$0.85 (vs CA$0.57 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: CA$231.6m (up 32% from 2Q 2021). Net income: CA$28.7m (up 47% from 2Q 2021). Profit margin: 12% (up from 11% in 2Q 2021). Upcoming Dividend • Jun 17
Upcoming dividend of CA$0.16 per share Eligible shareholders must have bought the stock before 24 June 2021. Payment date: 02 July 2021. Trailing yield: 2.2%. Lower than top quartile of Canadian dividend payers (4.5%). Lower than average of industry peers (3.1%). Reported Earnings • Jun 12
First quarter 2022 earnings released: EPS CA$0.31 (vs CA$0.36 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: CA$177.2m (up 76% from 1Q 2021). Net income: CA$10.5m (up CA$22.9m from 1Q 2021). Profit margin: 5.9% (up from net loss in 1Q 2021). Reported Earnings • May 01
Full year 2021 earnings released: EPS CA$1.61 (vs CA$1.05 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: CA$649.1m (down 9.9% from FY 2020). Net income: CA$54.8m (up 52% from FY 2020). Profit margin: 8.4% (up from 5.0% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per year. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improved over the past week After last week's 18% share price gain to CA$14.17, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 14x in the Specialty Retail industry in Canada. Total loss to shareholders of 1.2% over the past three years. Is New 90 Day High Low • Dec 12
New 90-day high: CA$12.46 The company is up 35% from its price of CA$9.21 on 11 September 2020. The Canadian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 27% over the same period. Valuation Update With 7 Day Price Move • Nov 27
Market bids up stock over the past week After last week's 15% share price gain to CA$11.45, the stock is trading at a trailing P/E ratio of 11.8x, up from the previous P/E ratio of 10.2x. This compares to an average P/E of 15x in the Specialty Retail industry in Canada. Total return to shareholders over the past three years is a loss of 23%. Is New 90 Day High Low • Oct 19
New 90-day low: CA$8.88 The company is down 4.0% from its price of CA$9.26 on 20 July 2020. The Canadian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 25% over the same period.