Loading...

Metro

DB:62M
Snowflake Description

Established dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
62M
DB
CA$13B
Market Cap
  1. Home
  2. DE
  3. Consumer Retailing
Company description

Metro Inc. operates as a retailer and distributor in the food and pharmaceutical sectors in Canada. The last earnings update was 4 days ago. More info.


Add to Portfolio Compare Print
62M Share Price and Events
7 Day Returns
-1.2%
DB:62M
0.3%
Europe Consumer Retailing
1.8%
DE Market
1 Year Returns
21.5%
DB:62M
1.5%
Europe Consumer Retailing
-6%
DE Market
62M Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Metro (62M) -1.2% 3.2% 0.9% 21.5% 11.2% 129.9%
Europe Consumer Retailing 0.3% -0.6% 2.2% 1.5% -4.6% -7.6%
DE Market 1.8% 4.6% 7.4% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • 62M outperformed the Consumer Retailing industry which returned 1.5% over the past year.
  • 62M outperformed the Market in Germany which returned -6% over the past year.
Price Volatility
62M
Industry
5yr Volatility vs Market

62M Value

 Is Metro 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 Metro 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 Metro.

DB:62M Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5%
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:62M
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.465 (1 + (1- 26.5%) (21.03%))
0.69
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for DB:62M using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Metro 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:62M DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 5%)
2019 579.35 Analyst x2 551.78
2020 726.00 Analyst x4 658.55
2021 680.70 Analyst x1 588.08
2022 650.46 Est @ -4.44% 535.21
2023 630.67 Est @ -3.04% 494.24
2024 617.67 Est @ -2.06% 461.02
2025 609.19 Est @ -1.37% 433.05
2026 603.74 Est @ -0.89% 408.76
2027 600.38 Est @ -0.56% 387.14
2028 598.45 Est @ -0.32% 367.54
Present value of next 10 years cash flows CA$4,885.39
DB:62M DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$598.45 × (1 + 0.23%) ÷ (5% – 0.23%)
CA$12,580.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$12,580.00 ÷ (1 + 5%)10
CA$7,725.97
DB:62M Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$4,885.39 + CA$7,725.97
CA$12,611.36
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$12,611.36 / 255.15
CA$49.43
DB:62M Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:62M represents 0.66548x of TSX:MRU
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.66548x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 49.43 x 0.66548
€32.89
Value per share (EUR) From above. €32.89
Current discount Discount to share price of €32.78
= -1 x (€32.78 - €32.89) / €32.89
0.4%

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

Current Discount
Amount off the current price Metro is available for.
Intrinsic value
0%
Share price is €32.78 vs Future cash flow value of €32.89
Current Discount Checks
For Metro to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Metro's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Metro'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 Metro's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Metro's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:62M PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-16) in CAD CA$2.52
TSX:MRU Share Price ** TSX (2019-04-18) in CAD CA$49.25
Europe Consumer Retailing Industry PE Ratio Median Figure of 32 Publicly-Listed Consumer Retailing Companies 19.38x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

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

** Primary Listing of Metro.

DB:62M PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 49.25 ÷ 2.52

19.57x

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

  • Metro is overvalued based on earnings compared to the Europe Consumer Retailing industry average.
  • Metro is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Metro's expected growth come at a high price?
Raw Data
DB:62M PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
9.3%per year
Europe Consumer Retailing Industry PEG Ratio Median Figure of 24 Publicly-Listed Consumer Retailing Companies 1.71x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:62M PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.57x ÷ 9.3%

2.1x

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

  • Metro is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Metro's assets?
Raw Data
DB:62M PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-16) in CAD CA$22.68
TSX:MRU Share Price * TSX (2019-04-18) in CAD CA$49.25
Europe Consumer Retailing Industry PB Ratio Median Figure of 41 Publicly-Listed Consumer Retailing Companies 1.58x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:62M PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 49.25 ÷ 22.68

2.17x

* Primary Listing of Metro.

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

  • Metro is overvalued based on assets compared to the Europe Consumer Retailing industry average.
X
Value checks
We assess Metro'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 Consumer Retailing 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 Consumer Retailing industry average (and greater than 0)? (1 check)
  5. Metro has a total score of 1/6, 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.

62M Future Performance

 How is Metro expected to perform in the next 1 to 3 years based on estimates from 11 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
9.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Metro expected to grow at an attractive rate?
  • Metro's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Metro's earnings growth is positive but not above the Germany market average.
  • Metro's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:62M Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:62M Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 9.3%
DB:62M Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 2.5%
Europe Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 12%
Europe Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:62M Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:62M Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-09-30 17,506 829 5
2020-09-30 17,151 1,102 789 11
2019-09-30 16,755 981 745 9
DB:62M Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-16 16,052 638 635
2018-12-22 15,249 531 621
2018-09-29 14,383 750 1,717
2018-07-07 13,876 736 1,722
2018-03-17 13,312 666 1,732
2017-12-23 13,316 683 1,755
2017-09-30 13,175 696 592
2017-07-01 12,876 683 583
2017-03-11 12,818 702 577
2016-12-17 12,798 770 570
2016-09-24 12,788 707 572
2016-07-02 12,693 731 558

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Metro's earnings are expected to grow by 9.3% yearly, however this is not considered high growth (20% yearly).
  • Metro's revenue is expected to grow by 2.5% 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:62M Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Metro Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:62M Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-09-30 3.56 3.56 3.56 1.00
2020-09-30 3.29 3.34 3.24 2.00
2019-09-30 2.91 2.91 2.91 1.00
DB:62M Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-16 2.52
2018-12-22 2.53
2018-09-29 7.20
2018-07-07 7.46
2018-03-17 7.63
2017-12-23 7.71
2017-09-30 2.59
2017-07-01 2.53
2017-03-11 2.48
2016-12-17 2.42
2016-09-24 2.41
2016-07-02 2.33

*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.
  • Metro is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Metro'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Metro has a total score of 1/6, 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.

62M Past Performance

  How has Metro 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 Metro's growth in the last year to its industry (Consumer Retailing).
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.
  • Metro has delivered over 20% year on year earnings growth in the past 5 years.
  • Metro's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Metro's 1-year earnings growth is negative, it can't be compared to the Europe Consumer Retailing industry average.
Earnings and Revenue History
Metro'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 Metro Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:62M Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-16 16,051.90 635.40 520.40
2018-12-22 15,249.30 621.10 499.40
2018-09-29 14,383.40 1,716.50 479.00
2018-07-07 13,875.60 1,721.90 467.70
2018-03-17 13,312.40 1,732.30 447.30
2017-12-23 13,315.80 1,755.00 447.00
2017-09-30 13,175.30 591.70 446.00
2017-07-01 12,875.80 582.80 431.80
2017-03-11 12,818.00 576.80 430.40
2016-12-17 12,797.60 569.50 429.70
2016-09-24 12,787.90 571.50 424.40
2016-07-02 12,692.90 558.00 736.00
2016-03-12 12,519.80 545.30 606.10
2015-12-19 12,344.90 532.90 507.20
2015-09-26 12,223.80 506.10 413.90
2015-07-04 12,102.10 491.50 4.30
2015-03-14 11,881.90 473.90 4.20
2014-12-20 11,729.60 459.70 4.00
2014-09-27 11,590.40 447.10 3.90
2014-07-05 11,489.20 411.00 4.80
2014-03-15 11,439.30 411.50 6.20
2013-12-21 11,396.50 677.10 7.30
2013-09-28 11,399.90 689.00 8.30
2013-07-06 11,651.10 755.60 6.40
2013-03-16 11,678.80 755.40 3.80
2012-12-22 11,747.00 489.20 1.90
2012-09-29 11,674.90 482.70
2012-06-30 11,462.20 423.40

*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.
  • Metro has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Metro used its assets more efficiently than the Europe Consumer Retailing industry average last year based on Return on Assets.
  • Metro's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Metro'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 Consumer Retailing 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.
Metro has a total score of 2/6, 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.

62M Health

 How is Metro'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 Metro's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Metro is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Metro's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Metro'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 not covered by short term assets, assets are 0.7x 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 Metro Company Filings, last reported 1 month ago.

DB:62M Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-16 5,800.40 2,642.70 133.30
2018-12-22 5,809.50 2,690.90 51.60
2018-09-29 5,695.30 2,653.40 226.90
2018-07-07 5,541.00 2,969.90 119.70
2018-03-17 4,305.20 2,815.50 1,652.70
2017-12-23 4,243.60 2,878.40 1,643.60
2017-09-30 2,960.50 1,466.10 148.90
2017-07-01 2,791.80 1,456.80 61.90
2017-03-11 2,727.50 1,517.80 54.60
2016-12-17 2,971.90 1,429.50 6.60
2016-09-24 2,938.00 1,256.00 27.50
2016-07-02 2,927.70 1,243.10
2016-03-12 2,888.50 1,313.70 50.80
2015-12-19 2,840.00 1,421.60
2015-09-26 2,878.50 1,171.00 21.50
2015-07-04 2,907.70 1,100.90 5.10
2015-03-14 2,951.00 1,058.20 66.70
2014-12-20 2,887.50 1,325.90 195.80
2014-09-27 2,876.30 1,067.90 36.00
2014-07-05 2,831.00 923.20 34.30
2014-03-15 2,857.90 855.40 8.90
2013-12-21 2,931.90 818.80 55.30
2013-09-28 2,960.30 675.60 80.80
2013-07-06 2,989.90 663.70 88.40
2013-03-16 3,014.80 668.80 195.10
2012-12-22 2,723.10 1,003.70 27.90
2012-09-29 2,684.40 998.40 73.30
2012-06-30 2,574.20 1,049.30 98.40
  • Metro's level of debt (45.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (30% vs 45.6% today).
  • Debt is well covered by operating cash flow (24.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10x coverage).
X
Financial health checks
We assess Metro'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. Metro has a total score of 3/6, 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.

62M Dividends

 What is Metro'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
1.62%
Current annual income from Metro dividends. Estimated to be 1.63% next year.
If you bought €2,000 of Metro shares you are expected to receive €32 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?
  • Metro's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Metro's dividend is below the markets top 25% of dividend payers in Germany (3.71%).
Upcoming dividend payment

Purchase Metro before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:62M 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 11 Analyst Estimates (S&P Global) See Below
Europe Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 3.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:62M Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-09-30 0.97 1.00
2020-09-30 0.78 4.00
2019-09-30 0.78 4.00
DB:62M Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-04-17 0.800 1.618
2019-01-29 0.800 1.626
2018-12-20 0.720 1.502
2018-11-21 0.720 1.563
2018-08-15 0.720 1.745
2018-04-24 0.720 1.674
2018-01-30 0.720 1.771
2017-10-02 0.650 1.585
2017-08-15 0.650 1.584
2017-04-25 0.650 1.476
2017-01-24 0.650 1.606
2016-09-26 0.560 1.363
2016-08-12 0.560 1.264
2016-04-20 0.560 1.250
2016-01-26 0.560 1.319
2015-09-28 0.467 1.226
2015-08-12 0.467 1.312
2015-04-22 0.467 1.339
2015-01-27 0.467 1.335
2014-09-29 0.400 1.423
2014-08-13 0.400 1.664
2014-04-16 0.400 1.780
2014-01-28 0.400 1.896
2013-09-23 0.333 1.550
2013-08-14 0.333 1.494
2013-04-24 0.333 1.421
2013-01-28 0.333 1.564
2012-09-25 0.287 1.428
2012-08-09 0.287 1.479
2012-04-18 0.287 1.633
2012-01-31 0.287 1.649
2011-09-20 0.257 1.544
2011-08-10 0.257 1.684
2011-04-20 0.257 1.619
2011-01-25 0.257 1.728
2010-09-22 0.227 1.495
2010-08-11 0.227 1.507
2010-04-21 0.227 1.565
2010-04-12 0.227 1.632
2010-01-26 0.227 1.651
2009-09-23 0.183 1.513
2009-08-06 0.183 1.544
2009-04-23 0.183 1.514
2009-04-22 0.183 1.462

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Metro's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.8x coverage).
X
Income/ dividend checks
We assess Metro'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 Metro afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Metro has a total score of 5/6, see the detailed checks below.


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

62M Management

 What is the CEO of Metro'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
Eric La Flèche
COMPENSATION CA$6,580,728
AGE 56
TENURE AS CEO 11 years
CEO Bio

Mr. Eric Richer La Flèche has been the Chief Executive Officer and President of Metro Inc. since April 1, 2008. Mr. La Flèche served as the Chief Operating Officer and Executive Vice President of Metro from December 2004 to April 1, 2008 and also served as its Senior Vice President. He served as a Senior Vice President of Super C of Metro Inc., from 2000 to 2004. He served as the President of Loeb Canada Inc., a subsidiary of Metro Inc. from 2000 to 2004. From 1988 to 1990, Mr. La Flèche served as a Project Development Officer of Canderel Limited. He began his Grocery career with Metro Inc. in 1991 and served as its Senior Director of Real Estate Development. From 1992 to 1997, he served as a Vice President of Real Estate and Legal Affairs at Metro Inc., and then moved to Super C where he contributed to its rapid development. Mr. La Flèche was in charge of the Loeb division since its acquisition in 1999, leading its resurgence. He began his career in 1983 with Martineau Walker and served as its Corporate and Securities Lawyer. In 1985, he joined the Department of Finance and served as Special Assistant to the Minister. He has been a Director of Metro Inc. since April 2008. Mr. La Flèche has been an Independent Director of Bank of Montreal since March 20, 2012. Mr. La Flèche holds an MBA from Harvard Business School and a Degree in Civil Law (LL.L) from the University of Ottawa.

CEO Compensation
  • Eric's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Eric's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Metro management team in years:

6.7
Average Tenure
  • The average tenure for the Metro management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Eric La Flèche

TITLE
President
COMPENSATION
CA$7M
AGE
56
TENURE
11 yrs

François Thibault

TITLE
Executive VP
COMPENSATION
CA$2M
TENURE
6.7 yrs

Serge Boulanger

TITLE
Senior Vice President of National Procurement and Corporate Brands
COMPENSATION
CA$909K

Christian Bourbonniere

TITLE
Executive VP & Head of Quebec Division
COMPENSATION
CA$1M
TENURE
10.6 yrs

Carmen Fortino

TITLE
Executive VP
COMPENSATION
CA$2M
AGE
59
TENURE
4.6 yrs

Simon Rivet

TITLE
VP, General Counsel & Corporate Secretary

Marie-Claude Bacon

TITLE
Vice President of Public Affairs & Communications
TENURE
1.3 yrs

Geneviève Bich

TITLE
Vice President of Human Resources

Richard Beaubien

TITLE
Senior Vice President of Store Operations - Ontario Division

Joe Fusco

TITLE
Senior Vice-President of Merchandising - Ontario Division
Board of Directors Tenure

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

9.1
Average Tenure
61.5
Average Age
  • The tenure for the Metro board of directors is about average.
Board of Directors

Réal Raymond

TITLE
Chair of the Board
COMPENSATION
CA$274K
AGE
67
TENURE
4.3 yrs

Eric La Flèche

TITLE
President
COMPENSATION
CA$7M
AGE
56
TENURE
11 yrs

Claude Dussault

TITLE
Independent Director
COMPENSATION
CA$143K
AGE
64
TENURE
14.3 yrs

Marie-José Nadeau

TITLE
Independent Director
COMPENSATION
CA$147K
AGE
65
TENURE
19.3 yrs

Russ Goodman

TITLE
Independent Director
COMPENSATION
CA$136K
AGE
65
TENURE
7.3 yrs

Maryse Bertrand

TITLE
Independent Director
COMPENSATION
CA$120K
AGE
59
TENURE
4.3 yrs

Christine Magee

TITLE
Director
COMPENSATION
CA$114K
AGE
58
TENURE
3.3 yrs

Marc DeSerres

TITLE
Independent Director
COMPENSATION
CA$135K
AGE
65
TENURE
17.3 yrs

Christian Wilhelm Haub

TITLE
Independent Director
AGE
54
TENURE
13.3 yrs

Line Rivard

TITLE
Independent Director
COMPENSATION
CA$126K
AGE
59
TENURE
5.3 yrs
Who owns this company?
Recent Insider Trading
  • Metro insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
26. Feb 19 Sell Geneviève Bich Individual 22. Feb 19 22. Feb 19 -1,100 €32.97 €-36,265
22. Feb 19 Sell Christian Bourbonniere Individual 21. Feb 19 21. Feb 19 -44,280 €32.48 €-1,438,219
22. Feb 19 Sell Serge Boulanger Individual 19. Feb 19 19. Feb 19 -1,200 €32.40 €-38,877
18. Jun 18 Sell Marie-Claude Bacon Individual 14. Jun 18 14. Jun 18 -1,000 €28.50 €-28,496
18. Jun 18 Buy Marie-Claude Bacon Individual 25. May 18 25. May 18 6 €28.65 €172
15. Jun 18 Sell Marie-Claude Bacon Individual 13. Jun 18 13. Jun 18 -116 €28.31 €-3,284
05. Jun 18 Sell Carmen Fortino Individual 05. Jun 18 05. Jun 18 -5,000 €28.42 €-142,109
X
Management checks
We assess Metro'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. Metro 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.

62M News

Simply Wall St News

62M Company Info

Description

Metro Inc. operates as a retailer and distributor in the food and pharmaceutical sectors in Canada. It operates food stores, including supermarkets and discount stores that provide fresh and grocery products, baked goods, prepared foods, meats, general merchandise, non-perishable goods, dairy products, bakery products, pastries, and deli products, as well as Mediterranean and Middle-Eastern products; and drug stores and pharmacies. As of September 29, 2018, the company operated a network of 333 supermarkets under the Metro and Metro Plus brands; 97 discount stores under the Super C brand name; 57 stores under the Marché Richelieu brand; and 131 discount stores under the Food Basics brand name. It also operates 12 stores under the Adonis banner and 27 stores under the Première Moisson banner. As of the above date, the company operated 28 drugstores under the Drug Basics banner and 44 drugstores under the Metro Pharmacy banner. In addition, it acts as a franchisor and distributor for 417 PJC Jean Coutu, PJC Health et, and PJC Health & Beauty drug stores, as well as 180 Brunet Plus, Brunet, Brunet Clinique, and Clini Plus drug stores. Further, the company manufactures generic drugs. Additionally, it is involved in the online sale of meal-kits through MissFresh brand. The company serves restaurants, small stores and markets, convenience stores, and non-franchised drugstores and various health centers, as well as consumers. Metro Inc. was founded in 1947 and is headquartered in Montréal, Canada.

Details
Name: Metro Inc.
62M
Exchange: DB
Founded: 1947
CA$8,344,609,326
255,149,000
Website: http://corpo.metro.ca
Address: Metro Inc.
11011 Maurice-Duplessis Boulevard,
Montréal,
Quebec, H1C 1V6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX MRU Common Shares The Toronto Stock Exchange CA CAD 31. Aug 1988
OTCPK MTRA.F Common Shares Pink Sheets LLC US USD 31. Aug 1988
DB 62M Common Shares Deutsche Boerse AG DE EUR 31. Aug 1988
Number of employees
Current staff
Staff numbers
41,213
Metro employees.
Industry
Food Retail
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 21:13
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/04/17
Last earnings reported: 2019/03/16
Last annual earnings reported: 2018/09/29


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.