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George Weston

DB:WX5
Snowflake Description

Established dividend payer and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WX5
DB
CA$16B
Market Cap
  1. Home
  2. DE
  3. Consumer Retailing
Company description

George Weston Limited engages in the food processing and distribution business in Canada and internationally. The last earnings update was 54 days ago. More info.


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WX5 Share Price and Events
7 Day Returns
-0.2%
DB:WX5
0.3%
Europe Consumer Retailing
1.8%
DE Market
1 Year Returns
0.1%
DB:WX5
1.5%
Europe Consumer Retailing
-6%
DE Market
WX5 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
George Weston (WX5) -0.2% 8.6% 8% 0.1% -12.7% 27.1%
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
  • WX5 underperformed the Consumer Retailing industry which returned 1.5% over the past year.
  • WX5 outperformed the Market in Germany which returned -6% over the past year.
Price Volatility
WX5
Industry
5yr Volatility vs Market

WX5 Value

 Is George Weston 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 George Weston 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 George Weston.

DB:WX5 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.5%
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:WX5
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%) (108.35%))
0.89
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.89 * 5.96%)
5.53%

Discounted Cash Flow Calculation for DB:WX5 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for George Weston 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:WX5 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 5.53%)
2019 1,892.00 Analyst x2 1,792.82
2020 1,746.50 Analyst x2 1,568.20
2021 1,650.12 Est @ -5.52% 1,403.99
2022 1,587.51 Est @ -3.79% 1,279.91
2023 1,546.42 Est @ -2.59% 1,181.43
2024 1,519.47 Est @ -1.74% 1,099.99
2025 1,501.97 Est @ -1.15% 1,030.32
2026 1,490.89 Est @ -0.74% 969.11
2027 1,484.21 Est @ -0.45% 914.19
2028 1,480.57 Est @ -0.25% 864.15
Present value of next 10 years cash flows CA$12,104.10
DB:WX5 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$1,480.57 × (1 + 0.23%) ÷ (5.53% – 0.23%)
CA$27,977.96
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$27,977.96 ÷ (1 + 5.53%)10
CA$16,329.60
DB:WX5 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$12,104.10 + CA$16,329.60
CA$28,433.70
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$28,433.70 / 153.25
CA$185.54
DB:WX5 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:WX5 represents 0.65514x of TSX:WN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.65514x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 185.54 x 0.65514
€121.55
Value per share (EUR) From above. €121.55
Current discount Discount to share price of €66.89
= -1 x (€66.89 - €121.55) / €121.55
45%

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

Current Discount
Amount off the current price George Weston is available for.
Intrinsic value
45%
Share price is €66.89 vs Future cash flow value of €121.55
Current Discount Checks
For George Weston to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • George Weston's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • George Weston's share price is below the future cash flow value, and 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 George Weston's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are George Weston's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:WX5 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$4.02
TSX:WN Share Price ** TSX (2019-04-18) in CAD CA$102.1
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 George Weston.

DB:WX5 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 102.1 ÷ 4.02

25.4x

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

  • George Weston is overvalued based on earnings compared to the Europe Consumer Retailing industry average.
  • George Weston is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does George Weston's expected growth come at a high price?
Raw Data
DB:WX5 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.4x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
14.8%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:WX5 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 25.4x ÷ 14.8%

1.71x

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

  • George Weston is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on George Weston's assets?
Raw Data
DB:WX5 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$47.13
TSX:WN Share Price * TSX (2019-04-18) in CAD CA$102.1
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:WX5 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 102.1 ÷ 47.13

2.17x

* Primary Listing of George Weston.

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

  • George Weston is overvalued based on assets compared to the Europe Consumer Retailing industry average.
X
Value checks
We assess George Weston'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. George Weston has a total score of 2/6, 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.

WX5 Future Performance

 How is George Weston expected to perform in the next 1 to 3 years based on estimates from 6 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
14.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is George Weston expected to grow at an attractive rate?
  • George Weston's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • George Weston's earnings growth is expected to exceed the Germany market average.
  • George Weston's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:WX5 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:WX5 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 14.8%
DB:WX5 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 2.4%
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:WX5 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:WX5 Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 51,716 1
2020-12-31 51,219 2,880 725 5
2019-12-31 49,924 2,986 717 6
DB:WX5 Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 48,568 2,719 530
2018-10-06 48,256 3,477 286
2018-06-16 48,042 3,184 655
2018-03-24 48,233 3,499 787
2017-12-31 48,289 3,425 722
2017-10-07 48,406 3,188 770
2017-06-17 48,363 3,443 604
2017-03-25 48,002 3,304 577
2016-12-31 47,999 3,760 506
2016-10-08 47,728 3,468 546
2016-06-18 47,509 3,433 439
2016-03-26 47,285 3,690 347

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • George Weston's earnings are expected to grow by 14.8% yearly, however this is not considered high growth (20% yearly).
  • George Weston's revenue is expected to grow by 2.4% 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:WX5 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from George Weston Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WX5 Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 4.70 4.70 4.70 1.00
2019-12-31 4.59 4.59 4.59 1.00
DB:WX5 Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 4.02
2018-10-06 2.24
2018-06-16 5.13
2018-03-24 6.16
2017-12-31 5.65
2017-10-07 6.03
2017-06-17 4.73
2017-03-25 4.52
2016-12-31 3.96
2016-10-08 4.28
2016-06-18 3.44
2016-03-26 2.72

*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.
  • George Weston is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess George Weston'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.
George Weston has a total score of 2/6, 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.

WX5 Past Performance

  How has George Weston 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 George Weston'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.
  • George Weston's year on year earnings growth rate has been positive over the past 5 years.
  • George Weston's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • George Weston's 1-year earnings growth is negative, it can't be compared to the Europe Consumer Retailing industry average.
Earnings and Revenue History
George Weston'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 George Weston Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WX5 Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 48,568.00 530.00 12,407.00
2018-10-06 48,256.00 286.00 12,747.00
2018-06-16 48,042.00 655.00 12,542.00
2018-03-24 48,233.00 787.00 12,420.00
2017-12-31 48,289.00 722.00 12,307.00
2017-10-07 48,406.00 770.00 11,771.00
2017-06-17 48,363.00 604.00 11,587.00
2017-03-25 48,002.00 577.00 11,503.00
2016-12-31 47,999.00 506.00 11,495.00
2016-10-08 47,728.00 546.00 11,545.00
2016-06-18 47,509.00 439.00 11,421.00
2016-03-26 47,285.00 347.00 11,401.00
2015-12-31 46,894.00 467.00 11,161.00
2015-10-10 47,380.00 496.00 11,082.00
2015-06-20 46,968.00 388.00 11,149.00
2015-03-28 46,715.00 129.00 11,124.00
2014-12-31 43,918.00 82.00 10,225.00
2014-10-04 40,103.00 98.00 9,104.00
2014-06-14 36,506.00 213.00 7,824.00
2014-03-22 33,700.00 518.00 6,760.00
2013-12-31 33,582.00 570.00 6,684.00
2013-10-05 33,390.00 456.00 6,644.00
2013-06-15 33,177.00 444.00 6,632.00
2013-03-23 33,012.00 482.00 6,637.00
2012-12-31 32,742.00 431.00 6,681.00
2012-10-06 32,651.00 477.00 6,630.00
2012-06-16 32,548.00 585.00 6,455.00

*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.
  • George Weston has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • George Weston used its assets less efficiently than the Europe Consumer Retailing industry average last year based on Return on Assets.
  • George Weston has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess George Weston'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.
George Weston 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.

WX5 Health

 How is George Weston'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 George Weston's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • George Weston is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • George Weston's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of George Weston'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 George Weston Company Filings, last reported 3 months ago.

DB:WX5 Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 14,204.00 16,953.00 1,802.00
2018-10-06 14,181.00 17,187.00 2,093.00
2018-06-16 14,201.00 17,019.00 2,326.00
2018-03-24 14,429.00 14,757.00 2,512.00
2017-12-31 14,795.00 13,460.00 3,147.00
2017-10-07 14,900.00 13,273.00 2,630.00
2017-06-17 14,631.00 13,310.00 2,564.00
2017-03-25 14,661.00 13,161.00 2,301.00
2016-12-31 14,790.00 13,141.00 2,571.00
2016-10-08 14,781.00 13,277.00 2,778.00
2016-06-18 14,477.00 13,287.00 2,556.00
2016-03-26 14,545.00 13,531.00 2,718.00
2015-12-31 14,890.00 13,505.00 2,579.00
2015-10-10 14,906.00 13,718.00 2,689.00
2015-06-20 14,844.00 13,623.00 2,710.00
2015-03-28 14,632.00 13,942.00 2,443.00
2014-12-31 14,474.00 13,989.00 2,405.00
2014-10-04 14,206.00 14,297.00 2,321.00
2014-06-14 14,258.00 14,351.00 2,349.00
2014-03-22 9,185.00 10,192.00 4,230.00
2013-12-31 9,125.00 10,004.00 4,359.00
2013-10-05 8,907.00 10,708.00 4,060.00
2013-06-15 8,549.00 8,116.00 3,485.00
2013-03-23 8,424.00 8,272.00 3,390.00
2012-12-31 8,295.00 8,257.00 3,727.00
2012-10-06 8,219.00 8,166.00 3,474.00
2012-06-16 8,037.00 8,158.00 3,601.00
  • George Weston's level of debt (119.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (109.6% vs 119.4% today).
  • Debt is not well covered by operating cash flow (16%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.6x coverage).
X
Financial health checks
We assess George Weston'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. George Weston has a total score of 2/6, 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.

WX5 Dividends

 What is George Weston'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
2.02%
Current annual income from George Weston dividends. Estimated to be 2.08% next year.
If you bought €2,000 of George Weston shares you are expected to receive €40 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?
  • George Weston's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • George Weston's dividend is below the markets top 25% of dividend payers in Germany (3.71%).
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:WX5 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 6 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:WX5 Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 2.36 1.00
2020-12-31 2.14 3.00
2019-12-31 2.04 3.00
DB:WX5 Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-02-26 2.060 2.151
2018-11-20 2.060 2.191
2018-05-08 1.960 1.942
2018-03-02 1.820 1.749
2017-11-21 1.820 1.688
2017-07-28 1.820 1.672
2017-05-09 1.820 1.529
2017-03-02 1.760 1.513
2016-11-22 1.760 1.573
2016-05-10 1.760 1.576
2016-03-03 1.700 1.512
2015-11-24 1.700 1.597
2015-07-31 1.700 1.549
2015-05-12 1.700 1.662
2014-11-18 1.680 1.668
2014-07-29 1.680 1.897
2014-05-06 1.680 2.084
2014-03-12 1.660 2.036
2013-11-19 1.660 2.118
2013-07-30 1.660 1.987
2013-05-07 1.660 1.991
2013-02-28 1.520 2.025
2012-11-20 1.520 2.178
2012-07-31 1.440 2.293
2012-05-08 1.440 2.447
2012-03-01 1.440 2.310
2011-11-21 1.440 2.198
2011-07-29 1.440 2.136
2011-05-09 1.440 2.066
2010-12-15 1.440 2.029
2010-07-30 1.440 1.812
2010-05-10 1.440 1.934
2009-11-23 1.440 2.100
2009-07-31 1.440 2.526
2009-05-11 1.440 2.397
2009-04-22 1.440 2.388

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 George Weston's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).
X
Income/ dividend checks
We assess George Weston'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 George Weston afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. George Weston 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.

WX5 Management

 What is the CEO of George Weston'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
Galen Weston
COMPENSATION CA$7,928,555
AGE 45
TENURE AS CEO 2.3 years
CEO Bio

Mr. Galen G. Weston, B.A., M.B.A., has been Chief Executive Officer of George Weston Limited since January 18, 2017 and has been the Chairman since September 2016. He served as a Non-Independent Director of George Weston Ltd. from 2003 to September 19, 2006. Mr. Weston served as Non-Executive Deputy Chairman at George Weston Limited since March 2016 until September 2016 and has been its Non-Independent Director since March 02, 2016. He serves as Chief Executive Officer at Loblaw Companies Limited since January 18, 2017 and serves its Member of Management Board. He served as President at Loblaw Companies Limited since July 17, 2014. He served as a Senior Vice President of Corporate Development at the firm. He served as a Vice President of No Frills division at Loblaw Companies Limited and also its Senior Director of e-Commerce Development. He has been the Executive Chairman of Loblaw Companies Limited since September 19, 2006 and has been its Director since 2006. He is Founder of Selfridges Group Limited and serves as its Chairman. Mr. Weston serves as Chairman of President’s Choice Bank. Mr. Weston served as a Non-Executive Chairman of Choice Properties Real Estate Investment Trust since 2013 until April 25, 2017. He serves as a Director for Wittington Investments Limited and Oxford Acquisitions Limited. He serves as Trustee of The W. Garfield Weston Foundation and Rita Lila Howard Foundation and Governor of Shaw Festival. Mr. Weston holds M.B.A. from Columbia University and a B.A. from Harvard University.

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

Average tenure and age of the George Weston management team in years:

2.3
Average Tenure
55
Average Age
  • The tenure for the George Weston management team is about average.
Management Team

Galen Weston

TITLE
Chairman & CEO
COMPENSATION
CA$8M
AGE
45
TENURE
2.3 yrs

Richard Dufresne

TITLE
President & CFO
COMPENSATION
CA$5M
TENURE
1.3 yrs

Sarah Davis

TITLE
President of Loblaw
COMPENSATION
CA$6M
TENURE
2.3 yrs

Stephen Johnson

TITLE
President & CEO of Choice Properties
COMPENSATION
CA$5M
AGE
66
TENURE
0.9 yrs

Mike Motz

TITLE
Chief Operating Officer of Loblaw
COMPENSATION
CA$5M
TENURE
1.3 yrs

Geoff Wilson

TITLE
Senior Vice President of Financial Control & Investor Relations
AGE
62

Gordon Andrew Currie

TITLE
Executive VP & Chief Legal Officer
AGE
59

Rashid Wasti

TITLE
Executive VP & Chief Talent Officer
AGE
50

Khush Dadyburjor

TITLE
Chief Strategy Officer
AGE
51
TENURE
2.9 yrs

Peter Effer

TITLE
Group Head of Tax
TENURE
2.9 yrs
Board of Directors Tenure

Average tenure and age of the George Weston board of directors in years:

4.4
Average Tenure
61
Average Age
  • The tenure for the George Weston board of directors is about average.
Board of Directors

Galen Weston

TITLE
Chairman & CEO
COMPENSATION
CA$8M
AGE
45
TENURE
2.6 yrs

Willard Weston

TITLE
Chairman Emeritus
COMPENSATION
CA$3M
AGE
77

Rob Prichard

TITLE
Lead Independent Director
COMPENSATION
CA$258K
AGE
69
TENURE
6.9 yrs

Isabelle Marcoux

TITLE
Independent Director
COMPENSATION
CA$190K
AGE
48
TENURE
11.6 yrs

Barbara Stymiest

TITLE
Independent Director
COMPENSATION
CA$274K
AGE
61
TENURE
8.3 yrs

Sabi Marwah

TITLE
Independent Director
COMPENSATION
CA$190K
AGE
67
TENURE
5.9 yrs

Gord Nixon

TITLE
Independent Director
COMPENSATION
CA$200K
AGE
61
TENURE
4.4 yrs

Alannah Weston

TITLE
Non-Independent Director
COMPENSATION
CA$183K
AGE
46
TENURE
2.9 yrs

Christi Strauss

TITLE
Independent Director
COMPENSATION
CA$190K
AGE
56
TENURE
2.9 yrs

Robert Sawyer

TITLE
Independent Director
COMPENSATION
CA$190K
AGE
64
TENURE
2.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by George Weston insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
22. Mar 19 Sell Rashid Wasti Individual 21. Mar 19 22. Mar 19 -250 €62.59 €-15,529
01. Mar 19 Buy Anthony Fell Individual 28. Feb 19 28. Feb 19 3,000 €62.25 €186,740
01. Jan 19 Buy Rashid Wasti Individual 27. Dec 18 27. Dec 18 400 €56.44 €22,564
21. Dec 18 Sell Rashid Wasti Individual 21. Dec 18 21. Dec 18 -200 €57.70 €-11,539
12. Dec 18 Buy Rashid Wasti Individual 12. Dec 18 12. Dec 18 400 €60.82 €24,329
05. Dec 18 Buy Rashid Wasti Individual 04. Dec 18 04. Dec 18 200 €64.61 €12,923
30. Nov 18 Buy Rashid Wasti Individual 28. Nov 18 30. Nov 18 1,500 €63.88 €95,101
30. Nov 18 Buy William Downe Individual 29. Nov 18 29. Nov 18 450 €63.48 €28,564
22. Nov 18 Buy Rashid Wasti Individual 23. Mar 18 22. Nov 18 1,250 €69.64 €78,949
11. Sep 18 Buy Rashid Wasti Individual 11. Sep 18 11. Sep 18 150 €64.79 €9,718
07. Sep 18 Sell Rashid Wasti Individual 06. Sep 18 06. Sep 18 -500 €65.04 €-32,518
07. Sep 18 Buy Rashid Wasti Individual 06. Sep 18 07. Sep 18 2,100 €65.65 €137,338
07. Sep 18 Buy Robert Sawyer Individual 06. Sep 18 06. Sep 18 2,000 €65.08 €130,151
25. May 18 Buy Rashid Wasti Individual 24. May 18 24. May 18 200 €68.32 €13,663
25. May 18 Buy Mary Rebanks Individual 24. May 18 24. May 18 96 €68.75 €6,600
24. May 18 Buy Rashid Wasti Individual 22. May 18 22. May 18 350 €68.66 €24,031
09. May 18 Buy Rashid Wasti Individual 09. May 18 09. May 18 300 €68.03 €20,385
X
Management checks
We assess George Weston'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. George Weston 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.

WX5 News

Simply Wall St News

WX5 Company Info

Description

George Weston Limited engages in the food processing and distribution business in Canada and internationally. The company operates through three segments: Weston Foods, Loblaw, and Choice Properties. The Weston Foods segment produces fresh, frozen, and specialty bakery products, such as breads, rolls, bagels, tortillas, cakes, donuts, pies, cookies, crackers, and other baked goods through national and regional supermarkets, wholesale and club stores, dollar stores, convenience store chains, food service distributors, and outlets. This segment also supplies control brand products to retailers and consumer food companies; ice cream cones and sandwich wafers to manufacturers in the frozen novelty category; and Girl Scout cookies. The Loblaw segment provides grocery, pharmacy, health and beauty, apparel, general merchandise, credit card, insurance brokerage, gift cards, and telecommunication services in approximately 2,300 corporate, franchised, and associate-owned locations. It operates retail drug stores under the Shoppers Drug Mart and Pharmaprix names that offer over-the-counter medications, health and beauty aids, cosmetics and fragrances, seasonal products, and household essentials; and Shoppers Home Health Care stores, which sells and services assisted-living devices, medical equipment, home-care products, and durable mobility equipment to institutional and retail customers. This segment also provides specialty drug distribution, pharmacy, and patient support services, as well as pharmaceutical products and services to long-term care facilities. The Choice Properties segment owns, develops, and manages retail and commercial real estate consisting of 435 properties primarily focusing on supermarket-anchored shopping centers, supermarkets, and other commercial properties; and industrial, office, and residential properties. The company was founded in 1882 and is headquartered in Toronto, Canada. George Weston Limited is a subsidiary of Wittington Investments, Ltd.

Details
Name: George Weston Limited
WX5
Exchange: DB
Founded: 1882
CA$10,390,273,162
153,248,178
Website: http://www.weston.ca
Address: George Weston Limited
22 Street Clair Avenue East,
Suite 800,
Toronto,
Ontario, M4T 2S7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX WN Common Shares The Toronto Stock Exchange CA CAD 16. Nov 1972
OTCPK WNGR.F Common Shares Pink Sheets LLC US USD 16. Nov 1972
DB WX5 Common Shares Deutsche Boerse AG DE EUR 16. Nov 1972
TSX WN.PRA PFD 1 5.8% The Toronto Stock Exchange CA CAD 04. Dec 2001
TSX WN.PRC PFD SHS III The Toronto Stock Exchange CA CAD 18. Apr 2005
TSX WN.PRD PFD IV 5.20% The Toronto Stock Exchange CA CAD 02. Aug 2005
TSX WN.PRE PFD 4.75% V The Toronto Stock Exchange CA CAD 19. Apr 2006
Number of employees
Current staff
Staff numbers
203,238
George Weston 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: 2019/04/12
Last earnings filing: 2019/02/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.