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. More Details

Snowflake Analysis

Excellent balance sheet, good value and pays a dividend.

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 is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: GBT's weekly volatility (5%) has been stable over the past year.

Market Performance

7 Day Return




CA Specialty Retail


CA Market

1 Year Return




CA Specialty Retail


CA Market

Return vs Industry: GBT underperformed the Canadian Specialty Retail industry which returned 19% over the past year.

Return vs Market: GBT exceeded the Canadian Market which returned -0.5% over the past year.

Shareholder returns

7 Day15.1%0.7%2.8%
30 Day29.4%11.3%10.0%
90 Day13.9%21.0%5.7%
1 Year11.6%8.3%21.4%19.3%3.3%-0.3%
3 Year-23.1%-28.2%7.9%1.4%12.2%1.3%
5 Year-9.1%-18.2%26.6%10.9%49.1%26.2%

Long-Term 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


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


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: GBT (CA$11.45) is trading below our estimate of fair value (CA$161.54)

Significantly Below Fair Value: GBT is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: GBT is good value based on its PE Ratio (11.8x) compared to the CA Specialty Retail industry average (14.5x).

PE vs Market: GBT is good value based on its PE Ratio (11.8x) compared to the Canadian market (15.3x).

Price to Earnings Growth Ratio

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's PB Ratio (1.8x) is in line with the CA Specialty Retail industry average.

Next Steps

Future Growth

How is BMTC Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?


Forecasted Retail industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as BMTC Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Next Steps

Past Performance

How has BMTC Group performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GBT has high quality earnings.

Growing Profit Margin: GBT's current net profit margins (5.3%) are higher than last year (4.6%).

Past Earnings Growth Analysis

Earnings Trend: GBT's earnings have declined by 6.2% 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 (-0.8%) over the past year, making it difficult to compare to the Specialty Retail industry average (-32.9%).

Return on Equity

High ROE: GBT's Return on Equity (15.2%) 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$131.0M) do not cover its short term liabilities (CA$172.3M).

Long Term Liabilities: GBT's short term assets (CA$131.0M) exceed its long term liabilities (CA$55.1M).

Debt to Equity History and Analysis

Debt Level: GBT is debt free.

Reducing Debt: GBT had no debt 5 years ago.

Debt Coverage: GBT has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: GBT has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

Next Steps


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


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: GBT's dividend (2.45%) is higher than the bottom 25% of dividend payers in the Canadian market (1.61%).

High Dividend: GBT's dividend (2.45%) is low compared to the top 25% of dividend payers in the Canadian market (5.26%).

Stability and Growth of Payments

Stable Dividend: GBT's dividends per share have been stable in the past 10 years.

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

Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.4%), GBT's dividend payments are thoroughly 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


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Marie-Berthe Groseillers





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 ($USD629.51K) is about average for companies of similar size in the Canadian market ($USD649.66K).

Compensation vs Earnings: Marie-Berthe's compensation has been consistent with company performance over the past year.

Leadership Team

Marie-Berthe Groseillers
CA$ 565.4k
Sylvie Bélanger
Chief Financial Officer3.58yrsCA$514.50kno data
Guy Brouillette
President of Brault & Martineau and Economax Divisions5.83yrsCA$655.00k0.076%
CA$ 281.8k
Maurice Tanguay
President of Ameublements Tanguay Incno dataCA$208.00kno data
Michèle Des Groseillers
Corporate Secretaryno datano datano data
André Jolicoeur
Vice President of Finance of Ameublements Tanguay Incno dataCA$329.26kno data


Average Tenure

Experienced Management: GBT's management team is considered experienced (3.6 years average tenure).

Board Members

Marie-Berthe Groseillers
CA$ 565.4k
André Bérard
Independent Lead Director15.75yrsCA$100.00k0.22%
CA$ 810.6k
Yves Groseillers
Chairmanno dataCA$880.10k62.82%
CA$ 231.5m
Charles Groseillers
CA$ 217.0k
Lucien Bouchard
CA$ 636.9k
Anne-Marie Leclair
Independent Director2.42yrsCA$100.00k0.036%
CA$ 132.3k
Tony Fionda
Independent Director8.58yrsCA$100.00k0.081%
CA$ 296.8k
Gabriel Castiglio
Independent Director5.5yrsCA$100.00k0.080%
CA$ 293.3k


Average Tenure

Experienced Board: GBT's board of directors are seasoned and experienced ( 15.6 years average tenure).


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.

Recent Insider Transactions

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$368.517m
  • Shares outstanding: 33.96m
  • Website: https://www.bmtc.ca

Number of Employees


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


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


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 Analysis2020/11/26 23:32
End of Day Share Price2020/11/26 00:00
Annual Earnings2020/01/31

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.