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Dollarama

DB:DR3
Snowflake Description

Mediocre balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DR3
DB
CA$15B
Market Cap
  1. Home
  2. DE
  3. Retail
Company description

Dollarama Inc. operates a chain of dollar stores in Canada. The last earnings update was 39 days ago. More info.


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DR3 Share Price and Events
7 Day Returns
-2.1%
DB:DR3
0.7%
Europe Multiline Retail
-0.7%
DE Market
1 Year Returns
3%
DB:DR3
-19.2%
Europe Multiline Retail
-7.6%
DE Market
DR3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dollarama (DR3) -2.1% 9.2% 24.3% 3% 49.4% 228.4%
Europe Multiline Retail 0.7% 0.2% -13.5% -19.2% -10.2% -31.6%
DE Market -0.7% -0.8% -3.8% -7.6% 8.2% 11.1%
1 Year Return vs Industry and Market
  • DR3 outperformed the Multiline Retail industry which returned -19.2% over the past year.
  • DR3 outperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
DR3
Industry
5yr Volatility vs Market

Value

 Is Dollarama 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 Dollarama 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 Dollarama.

DB:DR3 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:DR3
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Multiline Retail Unlevered Beta Simply Wall St/ S&P Global 0.48
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.483 (1 + (1- 26.5%) (21.74%))
0.705
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:DR3 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Dollarama 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:DR3 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 5%)
2020 597.30 Analyst x4 568.88
2021 678.47 Analyst x4 615.44
2022 632.90 Analyst x1 546.79
2023 602.52 Est @ -4.8% 495.77
2024 582.69 Est @ -3.29% 456.64
2025 569.67 Est @ -2.24% 425.19
2026 561.14 Est @ -1.5% 398.90
2027 555.65 Est @ -0.98% 376.20
2028 552.22 Est @ -0.62% 356.09
2029 550.21 Est @ -0.36% 337.91
Present value of next 10 years cash flows CA$4,577.81
DB:DR3 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$550.21 × (1 + 0.23%) ÷ (5% – 0.23%)
CA$11,566.02
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$11,566.02 ÷ (1 + 5%)10
CA$7,103.24
DB:DR3 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$4,577.81 + CA$7,103.24
CA$11,681.05
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$11,681.05 / 314.75
CA$37.11
DB:DR3 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:DR3 represents 0.67411x of TSX:DOL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.67411x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 37.11 x 0.67411
€25.02
Value per share (EUR) From above. €25.02
Current discount Discount to share price of €32.91
= -1 x (€32.91 - €25.02) / €25.02
-31.5%

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

  • The current share price of Dollarama is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Dollarama's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dollarama's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:DR3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-05-05) in CAD CA$1.72
TSX:DOL Share Price ** TSX (2019-07-22) in CAD CA$48.82
Europe Multiline Retail Industry PE Ratio Median Figure of 6 Publicly-Listed Multiline Retail Companies 15.47x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.75x

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

** Primary Listing of Dollarama.

DB:DR3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 48.82 ÷ 1.72

28.46x

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

  • Dollarama is overvalued based on earnings compared to the Europe Multiline Retail industry average.
  • Dollarama is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Dollarama's expected growth come at a high price?
Raw Data
DB:DR3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 28.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
9.6%per year
Europe Multiline Retail Industry PEG Ratio Median Figure of 5 Publicly-Listed Multiline Retail Companies 1.51x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

DB:DR3 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 28.46x ÷ 9.6%

2.96x

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

  • Dollarama is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Dollarama's assets?
Raw Data
DB:DR3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-05-05) in CAD CA$-0.70
TSX:DOL Share Price * TSX (2019-07-22) in CAD CA$48.82
Europe Multiline Retail Industry PB Ratio Median Figure of 9 Publicly-Listed Multiline Retail Companies 1.49x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.71x
DB:DR3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 48.82 ÷ -0.70

-70.16x

* Primary Listing of Dollarama.

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

  • Dollarama has negative assets, we can't compare the value of its assets to the Europe Multiline Retail industry average.
X
Value checks
We assess Dollarama'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 Multiline Retail 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 Multiline Retail industry average (and greater than 0)? (1 check)
  5. Dollarama has a total score of 0/6, see the detailed checks below.

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

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

Future Performance

 How is Dollarama 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
9.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dollarama expected to grow at an attractive rate?
  • Dollarama's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Dollarama's earnings growth is positive but not above the Germany market average.
  • Dollarama's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:DR3 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:DR3 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 9.6%
DB:DR3 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 5.8%
Europe Multiline Retail Industry Earnings Growth Rate Market Cap Weighted Average 12.2%
Europe Multiline Retail Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*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:DR3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months 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:DR3 Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-01-31 4,720 1
2023-01-31 4,524 1
2022-01-31 4,283 791 2
2021-01-31 4,082 821 646 11
2020-01-31 3,794 840 585 11
DB:DR3 Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-05-05 3,620 568 551
2019-02-03 3,549 533 549
2018-10-28 3,427 589 540
2018-07-29 3,373 616 536
2018-04-29 3,317 613 526
2018-01-28 3,266 637 519
2017-10-29 3,183 587 503
2017-07-30 3,111 565 483
2017-04-30 3,027 551 457
2017-01-29 2,963 505 446
2016-10-30 2,875 512 424
2016-07-31 2,801 528 414

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Dollarama's earnings are expected to grow by 9.6% yearly, however this is not considered high growth (20% yearly).
  • Dollarama's revenue is expected to grow by 5.8% 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:DR3 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

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

DB:DR3 Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-01-31
2023-01-31
2022-01-31 2.39 2.39 2.39 1.00
2021-01-31 2.15 2.23 2.09 7.00
2020-01-31 1.86 1.90 1.84 8.00
DB:DR3 Past Financials Data
Date (Data in CAD Millions) EPS *
2019-05-05 1.72
2019-02-03 1.69
2018-10-28 1.64
2018-07-29 1.62
2018-04-29 1.57
2018-01-28 1.54
2017-10-29 1.47
2017-07-30 1.39
2017-04-30 1.30
2017-01-29 1.25
2016-10-30 1.17
2016-07-31 1.12

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

Past Performance

  How has Dollarama 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 Dollarama's growth in the last year to its industry (Multiline Retail).
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.
  • Dollarama's year on year earnings growth rate has been positive over the past 5 years.
  • Dollarama's 1-year earnings growth is less than its 5-year average (4.5% vs 15.4%)
  • Dollarama's earnings growth has not exceeded the Europe Multiline Retail industry average in the past year (4.5% vs 6.1%).
Earnings and Revenue History
Dollarama'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 Dollarama Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DR3 Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-05-05 3,620.47 550.85 837.28
2019-02-03 3,548.50 548.87 826.60
2018-10-28 3,426.86 539.68 749.35
2018-07-29 3,373.18 536.23 742.66
2018-04-29 3,317.21 526.26 734.04
2018-01-28 3,266.09 519.41 774.21
2017-10-29 3,182.55 502.66 761.83
2017-07-30 3,110.67 482.62 756.12
2017-04-30 3,027.15 457.17 748.59
2017-01-29 2,963.22 445.64 736.69
2016-10-30 2,875.16 424.38 727.32
2016-07-31 2,800.95 414.40 715.85
2016-05-01 2,725.27 403.52 702.53
2016-01-31 2,650.33 385.15 691.74
2015-11-01 2,552.94 360.60 669.81
2015-08-02 2,476.42 333.54 653.46
2015-05-03 2,395.73 306.97 641.09
2015-02-01 2,330.81 295.41 627.08
2014-11-02 2,244.00 278.13 755.74
2014-08-03 2,178.98 266.80 691.13
2014-05-04 2,117.70 257.67 630.11
2014-02-02 2,064.68 250.09 567.33
2013-11-03 2,044.27 244.24 482.70
2013-08-04 1,979.31 234.03 475.26
2013-05-05 1,908.97 224.05 464.57
2013-02-03 1,858.82 220.99 453.65
2012-10-28 1,765.65 207.46 352.67
2012-07-29 1,708.00 197.77 412.07

*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.
  • It is difficult to establish if Dollarama has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Dollarama used its assets more efficiently than the Europe Multiline Retail industry average last year based on Return on Assets.
  • Dollarama's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Dollarama'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 Multiline Retail 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.
Dollarama 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 Dollarama'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 Dollarama's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Dollarama is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Dollarama's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Dollarama'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.
  • Dollarama has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Dollarama Company Filings, last reported 2 months ago.

DB:DR3 Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-05-05 -219.00 1,887.75 55.30
2019-02-03 -234.10 1,898.23 50.37
2018-10-28 -216.47 1,899.00 78.84
2018-07-29 -57.21 1,775.81 181.70
2018-04-29 -146.63 1,783.08 90.57
2018-01-28 -252.36 1,665.65 54.84
2017-10-29 -15.30 1,516.97 83.94
2017-07-30 -59.39 1,473.81 86.81
2017-04-30 35.57 1,454.90 64.03
2017-01-29 100.28 1,328.74 62.02
2016-10-30 200.35 1,274.64 75.36
2016-07-31 251.43 1,197.75 115.10
2016-05-01 327.06 1,067.78 66.01
2016-01-31 466.85 924.31 68.08
2015-11-01 623.83 797.37 80.56
2015-08-02 737.25 689.29 61.39
2015-05-03 735.96 682.70 90.65
2015-02-01 740.48 564.49 45.42
2014-11-02 696.20 607.35 27.58
2014-08-03 678.05 583.88 34.58
2014-05-04 748.10 541.78 59.03
2014-02-02 864.17 398.46 76.85
2013-11-03 913.44 387.40 103.06
2013-08-04 912.06 357.27 108.15
2013-05-05 970.61 264.20 59.29
2013-02-03 931.49 262.07 58.32
2012-10-28 919.09 262.66 37.37
2012-07-29 974.00 265.90 100.52
  • Dollarama has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Dollarama's debt level has increased considering it has negative shareholder equity.
  • Debt is well covered by operating cash flow (30.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 15.7x coverage).
X
Financial health checks
We assess Dollarama'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. Dollarama 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.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.36%
Current annual income from Dollarama dividends. Estimated to be 0.41% next year.
If you bought €2,000 of Dollarama shares you are expected to receive €7 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?
  • Dollarama's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.48%).
  • Dollarama's dividend is below the markets top 25% of dividend payers in Germany (3.92%).
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:DR3 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 Multiline Retail Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:DR3 Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2024-01-31
2023-01-31
2022-01-31
2021-01-31 0.21 1.00
2020-01-31 0.19 1.00
DB:DR3 Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-06-13 0.176 0.369
2019-03-28 0.176 0.432
2018-12-06 0.160 0.464
2018-09-13 0.160 0.421
2018-06-07 0.160 0.325
2018-03-29 0.160 0.320
2017-12-06 0.147 0.283
2017-09-07 0.147 0.307
2017-06-07 0.147 0.358
2017-03-30 0.147 0.367
2016-12-07 0.133 0.399
2016-09-01 0.133 0.397
2016-03-30 0.123 0.400
2015-03-25 0.120 0.461
2014-12-04 0.107 0.530
2014-09-11 0.107 0.643
2014-06-12 0.107 0.701
2014-04-09 0.107 0.701
2013-12-05 0.093 0.657
2013-09-11 0.093 0.649
2013-06-12 0.093 0.752
2013-04-12 0.093 0.769
2012-12-06 0.073 0.727
2012-09-12 0.073 0.702
2012-06-13 0.073 0.714
2012-04-11 0.073 0.796
2011-12-07 0.060 0.820
2011-09-14 0.060 0.961
2011-06-09 0.060 1.112

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

  • Dollarama is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • Dollarama is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Dollarama's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Dollarama's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • No need to calculate the sustainability of Dollarama's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Dollarama'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 Dollarama afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Dollarama has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Dollarama'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
Neil Rossy
COMPENSATION CA$3,940,604
AGE 49
TENURE AS CEO 3.2 years
CEO Bio

Mr. Neil Rossy has been the Chief Executive Officer and President of Dollarama Inc. since May 1, 2016. Mr. Rossy served as Chief Merchandising Officer at Dollarama Inc. since 2004 until April 2016 and its wholly owned subsidiaries, Dollarama Group Holdings Limited Partnership and Dollarama Group GP Inc., a General Partner of Dollarama Group L.P. Mr. Rossy is responsible for merchandising, overseeing the graphic design staff responsible for creating its house brands and conducting special projects such as head office/warehouse construction and store fixture design. He served as Senior Vice President of Merchandising at Dollarama Inc., Dollarama Group Holdings GP ULC, General Partner of Dollarama Group Holdings Limited Partnership and Dollarama Group GP Inc., General Partner of Dollarama Group L.P. Mr. Rossy has been with Dollarama Group since 1992. He has been a Director of Dollarama Inc. and Dollarama Group Holdings Limited Partnership since 2004. He serves as a Director of Dollarama Group GP Inc. He served as Director of Dollarama Group Holdings GP ULC. He is a graduate of Queen’s University.

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

Average tenure and age of the Dollarama management team in years:

7.2
Average Tenure
59.5
Average Age
  • The average tenure for the Dollarama management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Neil Rossy

TITLE
CEO, President & Director
COMPENSATION
CA$4M
AGE
49
TENURE
3.2 yrs

Larry Rossy

TITLE
Chairman Emeritus
COMPENSATION
CA$690K
AGE
76
TENURE
27.5 yrs

Michael Ross

TITLE
Chief Financial Officer
COMPENSATION
CA$1M
AGE
59
TENURE
9.3 yrs

Johanne Choinière

TITLE
Chief Operating Officer
COMPENSATION
CA$1M
TENURE
5.2 yrs

Geoffrey Robillard

TITLE
Senior Vice President of Import Division
COMPENSATION
CA$3M
AGE
60
TENURE
15.5 yrs

Josée Kouri

TITLE
VP of Legal Affairs & Corporate Secretary

Nicolas Hien

TITLE
Senior Vice President of Project Management & Systems
TENURE
2.5 yrs
Board of Directors Tenure

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

7.5
Average Tenure
60.5
Average Age
  • The tenure for the Dollarama board of directors is about average.
Board of Directors

Steve Gunn

TITLE
Independent Chairman of the Board
COMPENSATION
CA$221K
AGE
64
TENURE
1.1 yrs

Neil Rossy

TITLE
CEO, President & Director
COMPENSATION
CA$4M
AGE
49
TENURE
15.5 yrs

Larry Rossy

TITLE
Chairman Emeritus
COMPENSATION
CA$690K
AGE
76
TENURE
1.1 yrs

Laki Nomicos

TITLE
Independent Director
COMPENSATION
CA$167K
AGE
56
TENURE
15.5 yrs

Richard Roy

TITLE
Independent Director
COMPENSATION
CA$157K
AGE
63
TENURE
6.8 yrs

Gregory David

TITLE
Director
COMPENSATION
CA$137K
AGE
51
TENURE
15.5 yrs

Josh Bekenstein

TITLE
Independent Director
COMPENSATION
CA$152K
AGE
60
TENURE
15.5 yrs

John Thomas

TITLE
Independent Director
COMPENSATION
CA$137K
AGE
66
TENURE
8.3 yrs

Elisa Garcia C.

TITLE
Independent Director
COMPENSATION
CA$143K
AGE
61
TENURE
4.4 yrs

Kristin Mugford

TITLE
Independent Director
COMPENSATION
CA$131K
AGE
50
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • Dollarama individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
10. Jul 19 Sell John Assaly Individual 05. Jul 19 05. Jul 19 -49,874 €32.88 €-1,637,753
12. Apr 19 Sell The Rossy Family Foundation, Endowment Arm Company 11. Apr 19 11. Apr 19 -2,557,000 €25.77 €-65,882,096
13. Dec 18 Sell Geoffrey Robillard Individual 11. Dec 18 11. Dec 18 -280,000 €20.52 €-5,744,604
26. Oct 18 Sell Geoffrey Robillard Individual 26. Oct 18 26. Oct 18 -20,000 €26.27 €-525,328
12. Oct 18 Buy Michael Ross Individual 11. Oct 18 11. Oct 18 1,400 €24.50 €34,306
X
Management checks
We assess Dollarama'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. Dollarama 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

Dollarama Inc. operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal items. The company also offers products online. As of June 13, 2019, it operated 1,236 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc. in September 2009. Dollarama Inc. was founded in 1992 and is headquartered in Montreal, Canada.

Details
Name: Dollarama Inc.
DR3
Exchange: DB
Founded: 1992
CA$10,397,597,297
314,749,377
Website: http://www.dollarama.com
Address: Dollarama Inc.
5805 Royalmount Avenue,
Montreal,
Quebec, H4P 0A1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX DOL Common Shares The Toronto Stock Exchange CA CAD 08. Oct 2009
OTCPK DLMA.F Common Shares Pink Sheets LLC US USD 08. Oct 2009
DB DR3 Common Shares Deutsche Boerse AG DE EUR 08. Oct 2009
Number of employees
Current staff
Staff numbers
14,230
Dollarama employees.
Industry
General Merchandise Stores
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 21:13
End of day share price update: 2019/07/22 00:00
Last estimates confirmation: 2019/07/19
Last earnings filing: 2019/06/13
Last earnings reported: 2019/05/05
Last annual earnings reported: 2019/02/03


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

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.