Company Valuation: Loblaw Companies Limited

Data adjusted to current consolidation scope
Fiscal Period: January 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 34,558 38,990 39,923 57,657 72,977 72,488 - -
Change - 12.82% 2.39% 44.42% 26.57% -0.67% - -
Enterprise Value (EV) 1 48,672 45,547 57,246 73,931 88,241 76,869 76,560 76,391
Change - -6.42% 25.69% 29.14% 19.36% -12.89% -0.4% -0.22%
P/E ratio 19x 20.9x 19.6x 27.4x 28x 27.4x 26.1x 24.8x
PBR - - - 5.27x 6.69x 6.42x 5.9x 5.44x
PEG - 3.8x 1.5x 3.8x 1x 12.17x 5.39x 4.54x
Capitalization / Revenue 0.65x 0.69x 0.67x 0.94x 1.13x 1.1x 1.06x 1.03x
EV / Revenue 0.92x 0.81x 0.96x 1.21x 1.36x 1.17x 1.12x 1.08x
EV / EBITDA 8.71x 7.37x 8.61x 10.5x 11.7x 10.1x 9.47x 9.59x
EV / EBIT 14.2x 11.7x 13.5x 16.2x 17.8x 15.6x 14.3x 13.8x
EV / FCF 24.8x 29.8x 16x 44.2x 43.1x 36.3x 31.4x -
FCF Yield 4.02% 3.35% 6.26% 2.26% 2.32% 2.75% 3.19% -
Dividend per Share 2 0.35 0.395 0.4358 0.4962 0.5515 0.595 0.6399 0.7081
Rate of return 1.35% 1.31% 1.37% 1.04% 0.89% 0.96% 1.03% 1.14%
EPS 2 1.362 1.438 1.63 1.748 2.22 2.27 2.38 2.51
Distribution rate 25.7% 27.5% 26.7% 28.4% 24.8% 26.2% 26.9% 28.2%
Net sales 1 53,170 56,504 59,529 61,014 64,814 65,801 68,327 70,434
EBITDA 1 5,587 6,181 6,647 7,024 7,533 7,613 8,087 7,964
EBIT 1 3,429 3,883 4,240 4,557 4,948 4,933 5,355 5,550
Net income 1 1,863 1,909 2,088 2,155 2,667 2,662 2,716 2,781
Net Debt 1 14,114 6,557 17,323 16,274 15,264 4,380 4,072 3,902
Reference price 2 25.91 30.08 31.88 47.88 62.09 62.20 62.20 62.20
Nbr of stocks (in thousands) 1,333,771 1,296,093 1,252,501 1,204,320 1,175,349 1,165,405 - -
Announcement Date 2/24/22 2/23/23 2/22/24 2/20/25 2/25/26 - - -
1CAD in Million2CAD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27.4x1.17x10.1x0.96% 52.48B
42.99x1.41x21.25x0.78% 993B
15.08x0.55x6.94x3.07% 42.51B
13.22x0.37x6.77x2.09% 41.67B
17.91x0.58x8.58x2.98% 41.42B
17.33x0.55x10.54x2.95% 35.08B
40.05x0.86x9.88x2.64% 32.05B
71.06x0.75x12.37x0.79% 29.86B
21.2x0.72x6x1.39% 26.48B
22.17x0.6x11.56x-.--% 20.13B
Average 28.84x 0.76x 10.40x 1.76% 131.48B
Weighted average by Cap. 38.86x 1.23x 18.27x 1.08%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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