Financials Empire Company Limited

Equities

EMP.A

CA2918434077

Food Retail & Distribution

Market Closed - Toronto Stock Exchange 04:00:00 2023-11-29 pm EST Intraday chart for Empire Company Limited 5-day change 1st Jan Change
36.72 CAD -0.86% -5.63% +2.97%

Valuation

Fiscal Period : Mayo 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 8 184 8 305 10 433 10 784 8 988 9 105 - -
Enterprise Value (EV) 1 9 651 8 972 10 767 11 149 9 779 9 901 9 844 9 105
P/E ratio - - 15,1x - 13,3x - - -
Yield 1,46% 1,55% 1,32% 1,43% 1,88% 1,99% 2,17% -
Capitalization / Revenue 0,33x 0,31x 0,37x 0,36x 0,29x 0,29x 0,28x 0,28x
EV / Revenue 0,38x 0,34x 0,38x 0,37x 0,32x 0,32x 0,31x 0,28x
EV / EBITDA 8,97x 4,74x 5,02x 4,78x 4,21x 4,03x 3,89x 3,45x
EV / FCF 20,3x 5,82x 8,33x 7,56x 9,48x 16,5x 15,7x 13,8x
FCF Yield 4,92% 17,2% 12,0% 13,2% 10,5% 6,07% 6,38% 7,26%
Price to Book 2,05x 2,13x 2,41x - - - - -
Nbr of stocks (in thousands) 271 521 268 946 265 461 256 465 255 779 247 957 - -
Reference price 2 30,1 30,9 39,3 42,1 35,1 36,7 36,7 36,7
Announcement Date 27/06/19 18/06/20 23/06/21 22/06/22 22/06/23 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period : May 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 25 142 26 588 28 268 30 162 30 478 31 167 32 018 32 713
EBITDA 1 1 076 1 892 2 144 2 331 2 322 2 459 2 532 2 637
EBIT 1 684 1 202 1 300 1 364 1 292 1 403 1 416 -
Operating Margin 2,72% 4,52% 4,60% 4,52% 4,24% 4,50% 4,42% -
Earnings before Tax (EBT) - - - - - - - -
Net income - - - - - - - -
Net margin - - - - - - - -
EPS - - 2,60 - 2,64 - - -
Free Cash Flow 1 475 1 541 1 293 1 474 1 031 601 628 661
FCF margin 1,89% 5,79% 4,58% 4,89% 3,38% 1,93% 1,96% 2,02%
FCF Conversion (EBITDA) 44,1% 81,4% 60,3% 63,2% 44,4% 24,5% 24,8% 25,0%
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0,44 0,48 0,52 0,60 0,66 0,73 0,80 -
Announcement Date 27/06/19 18/06/20 23/06/21 22/06/22 22/06/23 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period : May 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 6 920 7 626 7 318 7 377 7 841 7 938 7 643 7 489 7 408 8 076 7 784 7 693 7 601 8 238 7 861
EBITDA 1 514 582 565 598 586 594 584 545 599 641 595 589 617 675 631
EBIT 1 295 347 328 355 334 344 334 285 328 375 333 - - - -
Operating Margin 4,26% 4,56% 4,48% 4,81% 4,25% 4,34% 4,37% 3,81% 4,43% 4,64% 4,28% - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - - -
Net income - - - - - - - - - - - - - - -
Net margin - - - - - - - - - - - - - - -
EPS 0,64 - - - - - - 0,49 0,72 1,03 - - - - -
Dividend per Share 2 0,13 0,15 0,15 0,15 0,15 0,17 0,17 0,17 0,17 0,18 0,18 0,18 0,18 0,20 -
Announcement Date 06/23/21 09/09/21 12/09/21 03/10/22 06/22/22 09/15/22 12/15/22 03/16/23 06/22/23 09/14/23 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period : May 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1 468 667 335 364 791 796 739 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1,36x 0,35x 0,16x 0,16x 0,34x 0,32x 0,29x -
Free Cash Flow 1 475 1 541 1 293 1 474 1 031 601 628 661
ROE (net income / shareholders' equity) 10,6% 15,1% 16,9% 15,9% 14,3% 14,5% 14,5% -
Shareholders' equity - - - - - - - -
ROA (Net income/ Total Assets) 4,49% 4,93% 4,71% 4,70% 4,40% 4,70% 5,00% -
Assets - - - - - - - -
Book Value Per Share 14,7 14,5 16,3 - - - - -
Cash Flow per Share 3,25 7,70 6,91 7,92 6,19 - - -
Capex 1 321 356 453 467 525 675 775 -
Capex / Sales 1,28% 1,34% 1,60% 1,55% 1,72% 2,17% 2,42% -
Announcement Date 06/27/19 06/18/20 06/23/21 06/22/22 06/22/23 - - -
1CAD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating :
Investor Rating :
ESG Refinitiv :
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
36.72CAD
Average target price
43.57CAD
Spread / Average Target
+18.66%
Consensus
1st Jan change Capi. (M$)
+2.97% 6 767 M $
+10.08% 427 B $
-6.20% 36 229 M $
-2.11% 31 592 M $
-1.86% 27 954 M $
+3.05% 27 933 M $
+0.62% 27 766 M $
+26.85% 25 311 M $
+8.52% 17 901 M $
-3.46% 16 303 M $
Other Food Retail & Distribution
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