Empire Company Limited, together with its subsidiaries, engages in the food retail and related real estate businesses in Canada.
Solid track record average dividend payer.
Share Price & News
How has Empire's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: C15 has not had significant price volatility in the past 3 months.
7 Day Return
DE Consumer Retailing
1 Year Return
DE Consumer Retailing
Return vs Industry: C15 exceeded the German Consumer Retailing industry which returned -4.4% over the past year.
Return vs Market: C15 exceeded the German Market which returned 2.9% over the past year.
Price Volatility Vs. Market
How volatile is Empire's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Empire 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: C15 (€21.2) is trading below our estimate of fair value (€24.31)
Significantly Below Fair Value: C15 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: C15 is good value based on its PE Ratio (17.6x) compared to the Consumer Retailing industry average (19.3x).
PE vs Market: C15 is good value based on its PE Ratio (17.6x) compared to the German market (19.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate C15's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: C15 is overvalued based on its PB Ratio (2.2x) compared to the XE Consumer Retailing industry average (1.6x).
How is Empire forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if C15's forecast earnings growth is above the savings rate (-0.4%).
Earnings vs Market: Insufficient data to determine if C15's earnings are forecast to grow faster than the German market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: C15's revenue (2.4% per year) is forecast to grow slower than the German market (5.1% per year).
High Growth Revenue: C15's revenue (2.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if C15's Return on Equity is forecast to be high in 3 years time
How has Empire performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: C15 has high quality earnings.
Growing Profit Margin: C15's current net profit margins (1.8%) are higher than last year (1.3%).
Past Earnings Growth Analysis
Earnings Trend: C15 has become profitable over the past 5 years, growing earnings by 24.9% per year.
Accelerating Growth: C15's earnings growth over the past year (44.6%) exceeds its 5-year average (24.9% per year).
Earnings vs Industry: C15 earnings growth over the past year (44.6%) exceeded the Consumer Retailing industry 2.3%.
Return on Equity
High ROE: C15's Return on Equity (13.1%) is considered low.
How is Empire's financial position?
Financial Position Analysis
Short Term Liabilities: C15's short term assets (CA$2.6B) do not cover its short term liabilities (CA$3.0B).
Long Term Liabilities: C15's short term assets (CA$2.6B) do not cover its long term liabilities (CA$7.0B).
Debt to Equity History and Analysis
Debt Level: C15's debt to equity ratio (46%) is considered high.
Reducing Debt: C15's debt to equity ratio has reduced from 52.6% to 46% over the past 5 years.
Inventory Level: C15 has a high level of physical assets or inventory.
Debt Coverage by Assets: C15's debt is covered by short term assets (assets are 1.5x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: C15 is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: C15 is profitable, therefore cash runway is not a concern.
What is Empire's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: C15's dividend (1.57%) is higher than the bottom 25% of dividend payers in the German market (1.52%).
High Dividend: C15's dividend (1.57%) is low compared to the top 25% of dividend payers in the German market (3.92%).
Stability and Growth of Payments
Stable Dividend: C15's dividends per share have been stable in the past 10 years.
Growing Dividend: C15's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (39.1%), C15's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mike Medline (56yo)
Mr. Michael Bennett Medline, also known as Mike, has been the Chief Executive Officer and President of Empire Company Limited since January 12, 2017. Mr. Medline has been Chief Executive Officer and Presid ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD4.05M) is about average for companies of similar size in the German market ($USD3.74M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
|Chief Financial Officer||2.7yrs||CA$2.13m||0.030% CA$1.7m|
|Executive VP & COO - Full Service||0.8yrs||CA$4.21m||0.00054% CA$30.1k|
|Executive Vice President of Human Resources||0yrs||CA$1.81m||0.0052% CA$291.0k|
|Director of Investor Relations||0yrs||no data||no data|
|Senior VP||0yrs||no data||0.00091% CA$50.7k|
|Senior Vice President of Communications & Corporate Affairs||0yrs||no data||no data|
|Senior Vice President of Marketing||0yrs||no data||no data|
|Senior Vice President of Finance||0yrs||no data||no data|
|Executive Vice President of Related Businesses||0yrs||no data||0.00063% CA$35.1k|
Experienced Management: C15's management team is considered experienced (2.7 years average tenure).
|Independent Director||8.1yrs||CA$156.00k||0.0042% CA$236.3k|
|Chairman Emeritus||0yrs||CA$55.00k||no data|
|Independent Director||22.1yrs||CA$163.00k||0.0027% CA$152.2k|
|Independent Director||27.1yrs||CA$142.50k||0.23% CA$12.7m|
|Independent Director||13.1yrs||CA$130.00k||0.25% CA$13.8m|
|Independent Director||19.1yrs||CA$141.00k||0.0026% CA$142.7k|
|Independent Chairman||3.3yrs||CA$400.00k||0.0082% CA$458.7k|
|Independent Director||41.1yrs||CA$133.00k||0.074% CA$4.1m|
|Independent Director||7.1yrs||CA$173.00k||0.0011% CA$62.4k|
Experienced Board: C15's board of directors are seasoned and experienced ( 13.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: C15 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Empire Company Limited's company bio, employee growth, exchange listings and data sources
- Name: Empire Company Limited
- Ticker: C15
- Exchange: DB
- Founded: 1907
- Industry: Food Retail
- Sector: Consumer Retailing
- Market Cap: CA$8.223b
- Listing Market Cap: CA$5.574b
- Shares outstanding: 269.09m
- Website: https://www.empireco.ca
Number of Employees
- Empire Company Limited
- 115 King Street
- Nova Scotia
- B0K 1S0
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|EMP.A||TSX (The Toronto Stock Exchange)||Yes||Non-Voting Class A Shares||CA||CAD||Jul 1982|
|C15||DB (Deutsche Boerse AG)||Yes||Non-Voting Class A Shares||DE||EUR||Jul 1982|
|EMLA.F||OTCPK (Pink Sheets LLC)||Yes||Non-Voting Class A Shares||US||USD||Jul 1982|
Empire Company Limited, together with its subsidiaries, engages in the food retail and related real estate businesses in Canada. It operates through two segments, Food Retailing, and Investments and Other Operations. The company owns, affiliates, and franchises approximately 1,500 retail stores under various retail banners, including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Farm Boy, and Lawtons Drugs; and approximately 350 retail fuel locations. It also owns interest in Crombie Real Estate Investment Trust, an open-ended Canadian real estate investment trust to own, operate, and develop a portfolio of grocery and drug store anchored shopping centers, freestanding stores, and mixed use developments; and various equity accounted interests in Genstar real estate partnerships that develop residential real estate properties in Ontario, Western Canada, and the United States. The company was founded in 1907 and is headquartered in Stellarton, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/28 22:20|
|End of Day Share Price||2020/02/28 00:00|
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.