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Aritzia

DB:280
Snowflake Description

Outstanding track record with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
280
DB
CA$2B
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Aritzia Inc., together with its subsidiaries, operates as a design house and fashion retailer of women’s apparel and accessories. The last earnings update was 12 days ago. More info.


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280 Share Price and Events
7 Day Returns
4.6%
DB:280
2.1%
DE Luxury
0.3%
DE Market
1 Year Returns
36.3%
DB:280
18.5%
DE Luxury
-11.6%
DE Market
280 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Aritzia (280) 4.6% 1.7% 5.9% 36.3% - -
DE Luxury 2.1% 5.4% 19.9% 18.5% 102% 131.5%
DE Market 0.3% -3.8% 2.5% -11.6% 10.1% 7.9%
1 Year Return vs Industry and Market
  • 280 outperformed the Luxury industry which returned 18.5% over the past year.
  • 280 outperformed the Market in Germany which returned -11.6% over the past year.
Price Volatility
280
Industry
5yr Volatility vs Market

280 Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Aritzia to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Aritzia.

DB:280 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:280
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.72 (1 + (1- 26.5%) (3.68%))
0.825
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.825 * 5.96%)
5.15%

Discounted Cash Flow Calculation for DB:280 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Aritzia is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:280 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 5.15%)
2019 71.76 Analyst x2 68.25
2020 97.30 Analyst x3 88.00
2021 105.52 Analyst x3 90.77
2022 111.59 Est @ 5.75% 91.29
2023 116.16 Est @ 4.09% 90.38
2024 119.56 Est @ 2.93% 88.48
2025 122.10 Est @ 2.12% 85.93
2026 124.00 Est @ 1.55% 83.00
2027 125.43 Est @ 1.16% 79.85
2028 126.53 Est @ 0.88% 76.60
Present value of next 10 years cash flows CA$842.55
DB:280 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$126.53 × (1 + 0.23%) ÷ (5.15% – 0.23%)
CA$2,578.38
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$2,578.38 ÷ (1 + 5.15%)10
CA$1,560.96
DB:280 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$842.55 + CA$1,560.96
CA$2,403.51
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$2,403.51 / 107.78
CA$22.3
DB:280 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:280 represents 0.65933x of TSX:ATZ
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.65933x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 22.30 x 0.65933
€14.70
Value per share (EUR) From above. €14.70
Current discount Discount to share price of €12.40
= -1 x (€12.40 - €14.70) / €14.70
15.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Aritzia is available for.
Intrinsic value
16%
Share price is €12.4 vs Future cash flow value of €14.7
Current Discount Checks
For Aritzia to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Aritzia's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Aritzia's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Aritzia's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Aritzia's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:280 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-03) in CAD CA$0.70
TSX:ATZ Share Price ** TSX (2019-05-21) in CAD CA$18.81
Germany Luxury Industry PE Ratio Median Figure of 7 Publicly-Listed Luxury Companies 22.77x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 20.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Aritzia.

DB:280 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:ATZ Share Price ÷ EPS (both in CAD)

= 18.81 ÷ 0.70

27x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aritzia is overvalued based on earnings compared to the DE Luxury industry average.
  • Aritzia is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Aritzia's expected growth come at a high price?
Raw Data
DB:280 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
16.6%per year
Europe Luxury Industry PEG Ratio Median Figure of 39 Publicly-Listed Luxury Companies 1.59x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

DB:280 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 27x ÷ 16.6%

1.63x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aritzia is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Aritzia's assets?
Raw Data
DB:280 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-03) in CAD CA$3.29
TSX:ATZ Share Price * TSX (2019-05-21) in CAD CA$18.81
Germany Luxury Industry PB Ratio Median Figure of 11 Publicly-Listed Luxury Companies 1.38x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.79x
DB:280 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:ATZ Share Price ÷ Book Value per Share (both in CAD)

= 18.81 ÷ 3.29

5.73x

* Primary Listing of Aritzia.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aritzia is overvalued based on assets compared to the DE Luxury industry average.
X
Value checks
We assess Aritzia's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Aritzia has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

280 Future Performance

 How is Aritzia expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Aritzia expected to grow at an attractive rate?
  • Aritzia's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Aritzia's earnings growth is expected to exceed the Germany market average.
  • Aritzia's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:280 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:280 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 16.6%
DB:280 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 12.3%
Germany Luxury Industry Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Luxury Industry Revenue Growth Rate Market Cap Weighted Average 6.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:280 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:280 Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-02-28 1,119 148 109 8
2020-02-29 982 144 88 9
DB:280 Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-03 874 96 79
2018-11-25 835 142 76
2018-08-26 797 124 71
2018-05-27 765 136 61
2018-02-25 743 105 57
2017-11-26 720 97 53
2017-08-27 702 94 17
2017-05-28 686 93 -56
2017-02-26 667 112 -56
2016-11-27 638 91 -58
2016-08-28 607 70 -34
2016-05-29 571 67 38

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Aritzia's earnings are expected to grow by 16.6% yearly, however this is not considered high growth (20% yearly).
  • Aritzia's revenue is expected to grow by 12.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:280 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Aritzia Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:280 Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-02-28 0.98 0.98 0.98 3.00
2020-02-29 0.79 0.80 0.77 3.00
DB:280 Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-03 0.70
2018-11-25 0.68
2018-08-26 0.64
2018-05-27 0.55
2018-02-25 0.52
2017-11-26 0.48
2017-08-27 0.15
2017-05-28 -0.52
2017-02-26 -0.54
2016-11-27 -0.56
2016-08-28 -0.33
2016-05-29 0.45

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Aritzia will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Aritzia's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Aritzia has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

280 Past Performance

  How has Aritzia performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Aritzia's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Aritzia has delivered over 20% year on year earnings growth in the past 5 years.
  • Aritzia's 1-year earnings growth exceeds its 5-year average (37.2% vs 31%)
  • Aritzia's earnings growth has exceeded the DE Luxury industry average in the past year (37.2% vs 21.4%).
Earnings and Revenue History
Aritzia's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Aritzia Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:280 Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-03 874.30 78.73 226.84
2018-11-25 835.05 75.91 221.65
2018-08-26 796.62 71.38 213.84
2018-05-27 765.23 61.25 206.40
2018-02-25 743.27 57.09 201.10
2017-11-26 719.86 52.72 198.64
2017-08-27 701.87 16.55 199.44
2017-05-28 685.82 -55.73 289.18
2017-02-26 667.18 -56.11 281.82
2016-11-27 638.14 -57.62 268.95
2016-08-28 607.06 -33.97 256.02
2016-05-29 570.51 38.06 153.32
2016-02-28 542.46 32.37 145.76
2015-03-01 427.43 16.45 125.43
2014-03-02 376.89 20.22 111.12

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Aritzia has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Aritzia used its assets more efficiently than the DE Luxury industry average last year based on Return on Assets.
  • Aritzia has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Aritzia's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Aritzia has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

280 Health

 How is Aritzia's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Aritzia's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Aritzia is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Aritzia's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Aritzia's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Aritzia Company Filings, last reported 2 months ago.

DB:280 Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-03 374.31 74.62 100.90
2018-11-25 352.21 74.60 123.04
2018-08-26 318.16 74.57 55.00
2018-05-27 301.59 118.62 122.28
2018-02-25 285.70 118.59 112.48
2017-11-26 261.54 134.39 105.18
2017-08-27 225.60 134.47 56.16
2017-05-28 215.30 134.54 57.85
2017-02-26 201.61 135.52 79.53
2016-11-27 183.91 135.69 59.40
2016-08-28 75.53 146.11 11.31
2016-05-29 120.37 146.15 9.99
2016-02-28 112.68 146.22 3.59
2015-03-01 80.31 174.60 7.22
2014-03-02
  • Aritzia's level of debt (19.9%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Aritzia's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (128.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 37.1x coverage).
X
Financial health checks
We assess Aritzia's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Aritzia has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

280 Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Aritzia dividends. Estimated to be 0% next year.
If you bought €2,000 of Aritzia shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Aritzia's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Aritzia's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:280 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Germany Luxury Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:280 Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-02-28 0.00 1.00
2020-02-29 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Aritzia has not reported any payouts.
  • Unable to verify if Aritzia's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Aritzia's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Aritzia has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Aritzia's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Aritzia's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Aritzia afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Aritzia has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

280 Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Brian Hill
COMPENSATION CA$8,402
AGE 57
CEO Bio

Mr. Brian Hill is the Founder of Aritzia Inc. and serves as its Chairman and Chief Executive Officer. Mr. Hill is the Founder of the Aritzia LP and serves as its Chief Executive Officer. He has been an Non-Independent Director of Aritzia Inc. since 2005. As a third-generation retailer, Mr. Hill has led Aritzia Inc. since the Hill family opened the first Aritzia store in Vancouver in 1984. He is intimately involved in all aspects of Aritzia business. In recognition of his creative and business strength, Mr. Hill was awarded the Henry Singer Award for Retail Excellence presented by the University of Alberta (2013), Distinguished Retailer of the Year, presented by the Retail Council of Canada (2012), and was named Ernst & Young Entrepreneur Of The Year® for the Pacific Region (2008). Mr. Hill has a Bachelor of Arts (Honours) in Economics from Queen's University.

CEO Compensation
  • Insufficient data for Brian to compare compensation growth.
  • Brian's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Aritzia management team in years:

2.9
Average Tenure
  • The tenure for the Aritzia management team is about average.
Management Team

Brian Hill

TITLE
Founder
COMPENSATION
CA$8K
AGE
57

Jennifer Wong

TITLE
President
COMPENSATION
CA$3M
AGE
48
TENURE
3.9 yrs

Todd Ingledew

TITLE
Chief Financial Officer
COMPENSATION
CA$689K
TENURE
2.9 yrs

Dave MacIver

TITLE
Chief Information Officer
COMPENSATION
CA$2M
TENURE
3.3 yrs

Pippa Morgan

TITLE
Executive Vice President of Retail
COMPENSATION
CA$664K
TENURE
9.3 yrs

Jed Paulson

TITLE
Senior Vice President of Digital
COMPENSATION
CA$2M
TENURE
1.6 yrs

Karen Kwan

TITLE
Senior Vice President of People
TENURE
2.3 yrs

Catherine Tang

TITLE
VP of Project Management Office
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the Aritzia board of directors in years:

3.3
Average Tenure
59.5
Average Age
  • The tenure for the Aritzia board of directors is about average.
Board of Directors

Brian Hill

TITLE
Founder
COMPENSATION
CA$8K
AGE
57

Jennifer Wong

TITLE
President
COMPENSATION
CA$3M
AGE
48
TENURE
3.3 yrs

John Currie

TITLE
Lead Independent Director
COMPENSATION
CA$155K
AGE
62

Marni Payne

TITLE
Independent Director
AGE
42
TENURE
6.3 yrs

Aldo Bensadoun

TITLE
Independent Director
COMPENSATION
CA$125K
AGE
79
TENURE
7.3 yrs

Ryan Holmes

TITLE
Independent Director
COMPENSATION
CA$125K
AGE
43
TENURE
3.3 yrs

David Labistour

TITLE
Independent Director
COMPENSATION
CA$125K
AGE
62
TENURE
3.3 yrs

Glen Senk

TITLE
Independent Director
COMPENSATION
CA$125K
AGE
62
TENURE
3.3 yrs

Marcia Smith

TITLE
Director
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
11. Mar 19 Sell The Bensadoun Family Foundation, Endowment Arm Company 08. Mar 19 08. Mar 19 -500,000 €11.20 €-5,597,794
17. Jan 19 Buy Marcia Smith Individual 14. Jan 19 14. Jan 19 6,000 €11.05 €66,324
27. Aug 18 Sell Kevin Callaghan Individual 07. Aug 18 07. Aug 18 -5,880,000 €10.97 €-64,488,826
08. Aug 18 Sell The Bensadoun Family Foundation, Endowment Arm Company 07. Aug 18 07. Aug 18 -170,000 €10.97 €-1,864,473
X
Management checks
We assess Aritzia's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Aritzia has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

280 News

Simply Wall St News

280 Company Info

Description

Aritzia Inc., together with its subsidiaries, operates as a design house and fashion retailer of women’s apparel and accessories. The company designs and sells blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, denim, leggings, sweatshirts, bodysuits, puffers, jumpsuits, and intimates; and accessories, including hats, scarves, bags and pouches, socks and tights, belts, iPhone cases, and gloves. It sells apparel and accessories under the Aritzia banner. As of August 26, 2018, the company had 90 retail stores in Canada and the United States. In addition, it sells its products online at aritzia.com. The company was formerly known as Aritzia Capital Corporation and changed its name to Aritzia Inc. in August 2016. Aritzia Inc. was founded in 1984 and is headquartered in Vancouver, Canada.

Details
Name: Aritzia Inc.
280
Exchange: DB
Founded: 1984
CA$1,353,065,208
107,775,457
Website: http://www.aritzia.com
Address: Aritzia Inc.
611 Alexander Street,
Suite 118,
Vancouver,
British Columbia, V6A 1E1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX ATZ Subordinate Voting Shares The Toronto Stock Exchange CA CAD 03. Oct 2016
OTCPK ATZA.F Subordinate Voting Shares Pink Sheets LLC US USD 03. Oct 2016
DB 280 Subordinate Voting Shares Deutsche Boerse AG DE EUR 03. Oct 2016
Number of employees
Current staff
Staff numbers
3,055
Aritzia employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/21 22:37
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/05/15
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/03
Last annual earnings reported: 2019/03/03


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.