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MTY Food Group

DB:9MF
Snowflake Description

Moderate growth potential with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9MF
DB
CA$2B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

MTY Food Group Inc. operates as a franchisor in the quick service and casual dining food industry in Canada, the United States, and internationally. The last earnings update was 66 days ago. More info.


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9MF Share Price and Events
7 Day Returns
4.9%
DB:9MF
0.1%
DE Hospitality
0.3%
DE Market
1 Year Returns
29.4%
DB:9MF
-52.1%
DE Hospitality
-11.7%
DE Market
9MF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MTY Food Group (9MF) 4.9% 11.4% 13.9% 29.4% 39.4% 112.6%
DE Hospitality 0.1% -7.8% -10.1% -52.1% -28.9% -25.1%
DE Market 0.3% -2.8% -0.8% -11.7% 12.2% 6.1%
1 Year Return vs Industry and Market
  • 9MF outperformed the Hospitality industry which returned -52.1% over the past year.
  • 9MF outperformed the Market in Germany which returned -11.7% over the past year.
Price Volatility
9MF
Industry
5yr Volatility vs Market

Value

 Is MTY Food Group 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 MTY Food Group 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 MTY Food Group.

DB:9MF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.3%
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:9MF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.92 (1 + (1- 26.5%) (17.63%))
1.026
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.026 * 5.96%)
6.35%

Discounted Cash Flow Calculation for DB:9MF using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for MTY Food Group 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:9MF DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 6.35%)
2019 118.00 Est @ 13.77% 110.96
2020 129.46 Est @ 9.71% 114.47
2021 138.34 Est @ 6.86% 115.03
2022 145.08 Est @ 4.87% 113.43
2023 150.13 Est @ 3.48% 110.38
2024 153.89 Est @ 2.5% 106.39
2025 156.69 Est @ 1.82% 101.87
2026 158.80 Est @ 1.34% 97.07
2027 160.40 Est @ 1.01% 92.20
2028 161.64 Est @ 0.77% 87.37
Present value of next 10 years cash flows CA$1,049.18
DB:9MF DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$161.64 × (1 + 0.23%) ÷ (6.35% – 0.23%)
CA$2,648.52
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$2,648.52 ÷ (1 + 6.35%)10
CA$1,431.64
DB:9MF Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$1,049.18 + CA$1,431.64
CA$2,480.81
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$2,480.81 / 25.17
CA$98.56
DB:9MF Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:9MF represents 0.66061x of TSX:MTY
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.66061x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 98.56 x 0.66061
€65.11
Value per share (EUR) From above. €65.11
Current discount Discount to share price of €42.37
= -1 x (€42.37 - €65.11) / €65.11
34.9%

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

Current Discount
Amount off the current price MTY Food Group is available for.
Intrinsic value
35%
Share price is €42.37 vs Future cash flow value of €65.11
Current Discount Checks
For MTY Food Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • MTY Food Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • MTY Food Group'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 MTY Food Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MTY Food Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:9MF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-02-28) in CAD CA$2.74
TSX:MTY Share Price ** TSX (2019-06-14) in CAD CA$64.13
Germany Hospitality Industry PE Ratio Median Figure of 10 Publicly-Listed Hospitality Companies 18.98x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.7x

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

** Primary Listing of MTY Food Group.

DB:9MF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 64.13 ÷ 2.74

23.38x

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

  • MTY Food Group is overvalued based on earnings compared to the DE Hospitality industry average.
  • MTY Food Group is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does MTY Food Group's expected growth come at a high price?
Raw Data
DB:9MF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
13%per year
Germany Hospitality Industry PEG Ratio Median Figure of 5 Publicly-Listed Hospitality Companies 1.31x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

DB:9MF PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 23.38x ÷ 13%

1.8x

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

  • MTY Food Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on MTY Food Group's assets?
Raw Data
DB:9MF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-02-28) in CAD CA$24.48
TSX:MTY Share Price * TSX (2019-06-14) in CAD CA$64.13
Germany Hospitality Industry PB Ratio Median Figure of 13 Publicly-Listed Hospitality Companies 2.06x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
DB:9MF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 64.13 ÷ 24.48

2.62x

* Primary Listing of MTY Food Group.

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

  • MTY Food Group is overvalued based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess MTY Food Group'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 Hospitality 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 Hospitality industry average (and greater than 0)? (1 check)
  5. MTY Food Group 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.

Future Performance

 How is MTY Food Group expected to perform in the next 1 to 3 years based on estimates from 4 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
13%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MTY Food Group expected to grow at an attractive rate?
  • MTY Food Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • MTY Food Group's earnings growth is expected to exceed the Germany market average.
  • MTY Food Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:9MF Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:9MF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 13%
DB:9MF Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 14.1%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 18.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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:9MF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:9MF Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-11-30 617 1
2020-11-30 609 88 4
2019-11-30 541 86 4
DB:9MF Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-02-28 385 111 69
2018-11-30 353 98 99
2018-08-31 326 91 104
2018-05-31 307 88 94
2018-02-28 288 90 92
2017-11-30 276 94 50
2017-08-31 274 86 46
2017-05-31 255 75 56
2017-02-28 220 59 49
2016-11-30 191 52 54
2016-08-31 163 50 42
2016-05-31 145 53 28

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • MTY Food Group's earnings are expected to grow by 13% yearly, however this is not considered high growth (20% yearly).
  • MTY Food Group's revenue is expected to grow by 14.1% 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:9MF 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 4 Analyst Estimates (S&P Global) See Below

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

DB:9MF Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-11-30
2020-11-30 3.51 3.51 3.51 1.00
2019-11-30 3.40 3.40 3.40 1.00
DB:9MF Past Financials Data
Date (Data in CAD Millions) EPS *
2019-02-28 2.74
2018-11-30 4.07
2018-08-31 4.47
2018-05-31 4.20
2018-02-28 4.29
2017-11-30 2.32
2017-08-31 2.13
2017-05-31 2.67
2017-02-28 2.37
2016-11-30 2.73
2016-08-31 2.17
2016-05-31 1.44

*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 MTY Food Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess MTY Food Group'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.
MTY Food Group 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.

Past Performance

  How has MTY Food Group 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 MTY Food Group's growth in the last year to its industry (Hospitality).
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.
  • MTY Food Group has delivered over 20% year on year earnings growth in the past 5 years.
  • MTY Food Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • MTY Food Group's 1-year earnings growth is negative, it can't be compared to the DE Hospitality industry average.
Earnings and Revenue History
MTY Food Group'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 MTY Food Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:9MF Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-02-28 385.11 69.05
2018-11-30 353.30 98.58
2018-08-31 326.29 104.02
2018-05-31 307.42 93.78
2018-02-28 287.56 91.77
2017-11-30 276.08 49.51
2017-08-31 274.06 45.56
2017-05-31 254.57 56.21
2017-02-28 219.97 48.51
2016-11-30 191.28 54.42
2016-08-31 163.05 42.07
2016-05-31 145.17 27.56
2016-02-29 148.16 27.72
2015-11-30 145.20 26.02
2015-08-31 135.66 28.20
2015-05-31 130.89 27.12
2015-02-28 121.94 25.89
2014-11-30 115.18 25.20
2014-08-31 113.50 27.05
2014-05-31 108.39 26.63
2014-02-28 104.33 25.61
2013-11-30 101.36 25.71
2013-08-31 99.45 24.83
2013-05-31 98.56 24.28
2013-02-28 96.90 23.31
2012-11-30 96.22 22.07
2012-08-31 92.99 20.54

*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.
  • MTY Food Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • MTY Food Group used its assets more efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • MTY Food Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess MTY Food Group'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 Hospitality 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.
MTY Food Group 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.

Health

 How is MTY Food Group'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 MTY Food Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • MTY Food Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • MTY Food Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of MTY Food Group'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.4x 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 MTY Food Group Company Filings, last reported 3 months ago.

DB:9MF Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-02-28 617.46 284.63 40.36
2018-11-30 630.67 275.62 32.30
2018-08-31 614.22 273.52 49.11
2018-05-31 592.06 292.56 45.75
2018-02-28 376.15 285.43 40.81
2017-11-30 335.33 227.81 56.45
2017-08-31 309.26 227.89 40.93
2017-05-31 332.96 243.77 64.98
2017-02-28 313.35 246.08 41.76
2016-11-30 310.87 252.68 36.26
2016-08-31 287.35 238.37 43.51
2016-05-31 181.67 12.72 49.65
2016-02-29 175.38 13.36 40.12
2015-11-30 169.21 14.26 33.42
2015-08-31 165.90 17.53 27.00
2015-05-31 159.44 18.10 11.53
2015-02-28 153.85 17.90 6.38
2014-11-30 149.47 22.42 6.70
2014-08-31 145.75 16.26 10.64
2014-05-31 140.42 6.88 6.59
2014-02-28 134.72 6.89 1.91
2013-11-30 130.81 18.68 6.14
2013-08-31 120.48 7.06 44.97
2013-05-31 115.21 7.22 38.04
2013-02-28 110.32 7.44 35.38
2012-11-30 106.06 7.48 33.04
2012-08-31 100.65 8.10 30.71
  • MTY Food Group's level of debt (46.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (5.1% vs 46.1% today).
  • Debt is well covered by operating cash flow (38.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.3x coverage).
X
Financial health checks
We assess MTY Food Group'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. MTY Food Group 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.

Dividends

 What is MTY Food Group'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
1.03%
Current annual income from MTY Food Group dividends.
If you bought €2,000 of MTY Food Group shares you are expected to receive €21 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?
  • MTY Food Group's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • MTY Food Group's dividend is below the markets top 25% of dividend payers in Germany (3.91%).
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:9MF 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 4 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
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 3.9%

Industry and Market average data is calculated daily.

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

DB:9MF Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-11-30
2020-11-30
2019-11-30
DB:9MF Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-04-18 0.660 1.140
2019-01-21 0.660 1.086
2018-10-10 0.600 0.912
2018-04-23 0.600 1.117
2018-01-15 0.600 1.177
2017-10-20 0.460 0.873
2017-07-21 0.460 0.971
2017-04-20 0.460 0.982
2017-01-24 0.460 0.934
2016-10-21 0.460 0.938
2016-07-21 0.460 1.082
2016-04-22 0.460 1.159
2016-01-21 0.460 1.441
2015-10-21 0.400 1.295
2015-07-22 0.400 1.209
2015-04-22 0.400 1.191
2015-01-21 0.400 1.150
2014-10-21 0.340 1.016
2014-07-22 0.340 1.053
2014-04-23 0.340 1.122
2014-01-22 0.340 1.081
2013-10-21 0.280 0.869
2013-07-24 0.280 0.874
2013-04-24 0.280 1.125
2013-01-23 0.280 1.117
2012-10-18 0.220 1.050
2012-07-24 0.220 1.134
2012-04-24 0.220 1.285
2012-01-23 0.220 1.352
2011-10-27 0.180 1.189
2011-07-25 0.180 1.275
2011-04-28 0.180 1.194
2011-01-31 0.180 1.247
2010-10-19 0.180 1.304

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

  • Whilst dividend payments have been stable, MTY Food Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but MTY Food Group only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of MTY Food Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess MTY Food Group'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 MTY Food Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MTY Food Group has a total score of 1/6, see the detailed checks below.


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

Management

 What is the CEO of MTY Food Group'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 Lefebvre
COMPENSATION CA$385,342
AGE 41
TENURE AS CEO 0.6 years
CEO Bio

Mr. Eric Lefebvre, CPA, CA, MBA, QC, has been Chief Executive Officer and Director of MTY Food Group Inc. since November 5, 2018 and May 28, 2018 respectively. He has been Director and Vice President of Papa Murphy's Holdings, Inc. since May 23, 2019. He served as the Chief Financial Officer of MTY Food Group Inc. since June 4, 2012 until November 2, 2018. Mr. Lefebvre served as Vice President of Finance at MTY Food Group Inc. from November 23, 2009 to June 4, 2012. He joined MTY in 2009 as Vice-President and Controller.

CEO Compensation
  • Eric's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Eric's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the MTY Food Group management team in years:

2.1
Average Tenure
49
Average Age
  • The tenure for the MTY Food Group management team is about average.
Management Team

Stanley Ma

TITLE
Chairman & President
COMPENSATION
CA$468K
AGE
71
TENURE
15.1 yrs

Eric Lefebvre

TITLE
CEO & Director
COMPENSATION
CA$385K
AGE
41
TENURE
0.6 yrs

Renée St-Onge

TITLE
Chief Financial Officer
COMPENSATION
CA$98K
AGE
38
TENURE
0.6 yrs

Marc Benzacar

TITLE
Chief Operating Officer of Fast Casual Division
COMPENSATION
CA$295K
TENURE
10.6 yrs

Jeff Smit

TITLE
Chief Operating Officer of US Operations
COMPENSATION
CA$481K
AGE
60
TENURE
2.9 yrs

Marie-Line Beauchamp

TITLE
Chief Operating Officer of Casual Dining
COMPENSATION
CA$379K
TENURE
1.3 yrs

Claude St-Pierre

TITLE
Secretary & Non-Independent Director
COMPENSATION
CA$9K
AGE
49
TENURE
22.8 yrs

Jason Brading

TITLE
Chief Operating Officer of Quick Service Restaurants
TENURE
0.6 yrs
Board of Directors Tenure

Average tenure and age of the MTY Food Group board of directors in years:

8.3
Average Tenure
58
Average Age
  • The tenure for the MTY Food Group board of directors is about average.
Board of Directors

Stanley Ma

TITLE
Chairman & President
COMPENSATION
CA$468K
AGE
71
TENURE
22.1 yrs

Eric Lefebvre

TITLE
CEO & Director
COMPENSATION
CA$385K
AGE
41
TENURE
1.1 yrs

Claude St-Pierre

TITLE
Secretary & Non-Independent Director
COMPENSATION
CA$9K
AGE
49
TENURE
22.7 yrs

Murat Armutlu

TITLE
Independent Director
COMPENSATION
CA$21K
AGE
58
TENURE
14.1 yrs

David Wong

TITLE
Independent Director
COMPENSATION
CA$16K
AGE
50
TENURE
8.3 yrs

Dickie Orr

TITLE
Independent Director
COMPENSATION
CA$16K
AGE
66
TENURE
8.1 yrs

Gary O'Connor

TITLE
Additional Director
COMPENSATION
CA$12K
AGE
70
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by MTY Food Group insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
06. May 19 Buy Murat Armutlu Individual 03. May 19 03. May 19 2,000 €36.52 €73,032
09. Nov 18 Sell Dickie Orr Individual 07. Nov 18 08. Nov 18 -6,000 €47.57 €-284,727
30. Jul 18 Buy Gary O'Connor Individual 26. Jul 18 26. Jul 18 100 €36.84 €3,684
X
Management checks
We assess MTY Food Group'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. MTY Food Group 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.

News

Simply Wall St News

Company Info

Description

MTY Food Group Inc. operates as a franchisor in the quick service and casual dining food industry in Canada, the United States, and internationally. The company franchises and operates corporate-owned locations in the quick service restaurant and casual dining segments of the restaurant industry; and sells retail products under a multitude of banners. It also operates a distribution center and a food processing plant. As of November 30, 2018, the company had 5,984 locations comprising 5,919 franchised and 65 company operated locations. The company was formerly known as iNsu Innovations Group Inc. and changed its name to MTY Food Group Inc. in July 2003. MTY Food Group Inc. was founded in 1979 and is headquartered in Saint-Laurent, Canada.

Details
Name: MTY Food Group Inc.
9MF
Exchange: DB
Founded: 1979
CA$1,074,660,796
25,169,778
Website: http://www.mtygroup.com
Address: MTY Food Group Inc.
8210 Trans-Canada Highway,
Saint-Laurent,
Quebec, H4S 1M5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX MTY Common Shares The Toronto Stock Exchange CA CAD 10. Feb 1989
OTCPK MTYF.F Common Shares Pink Sheets LLC US USD 10. Feb 1989
DB 9MF Common Shares Deutsche Boerse AG DE EUR 10. Feb 1989
Number of employees
Current staff
Staff numbers
1,282
MTY Food Group employees.
Industry
Restaurants
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 21:29
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/04/11
Last earnings reported: 2019/02/28
Last annual earnings reported: 2018/11/30


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.