Financials Loblaw Companies Limited

Equities

L

CA5394811015

Food Retail & Distribution

Market Closed - Toronto S.E. Other stock markets 02:00:57 19/07/2025 am IST			5-day change	1st Jan Change
220.84 ^CAD	+1.12%		-0.36%	+16.74%

27/06	Loblaw Companies Limited, Q1 2025 Earnings Call, Apr 30, 2025
23/06	National Bank Retailing Trends Review Suggests Consumer Resilience	MT

Projected Income Statement: Loblaw Companies Limited

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	52,714	53,170	56,504	59,529	61,014	64,786	66,312	68,644
Change	-	0.87%	6.27%	5.35%	2.49%	6.18%	2.35%	3.52%
EBITDA ¹	5,041	5,587	6,181	6,647	7,024	7,492	7,781	8,139
Change	-	10.83%	10.63%	7.54%	5.67%	6.67%	3.86%	4.6%
EBIT ¹	2,954	3,429	3,883	4,240	4,557	4,877	5,111	5,363
Change	-	16.08%	13.24%	9.19%	7.48%	7.01%	4.81%	4.92%
Interest Paid ¹	-742	-684	-694	-803	-831	-912.2	-932.8	-945
Earnings before Tax (EBT)	1,623	2,442	2,659	-	-	-	-	-
Change	-	50.46%	8.89%	-	-	-	-	-
Net income ¹	1,096	1,863	1,909	2,088	2,155	2,164	2,236	2,333
Change	-	69.98%	2.47%	9.38%	3.21%	0.42%	3.33%	4.34%
Announcement Date	25/02/21	24/02/22	23/02/23	22/02/24	20/02/25	-	-	-

¹CAD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	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	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	11,957	15,671	13,286	11,872	12,491	16,050	12,757	12,262	12,847	17,388	14,007	12,995	13,738	18,265	14,531	13,581	13,947	18,538	14,948	14,135	14,619	19,391	16,717	14,767	15,197	20,037	16,078
Change	-	31.06%	-15.22%	-10.64%	5.21%	28.49%	-20.52%	-3.88%	4.77%	35.35%	-19.44%	-7.22%	5.72%	32.95%	-20.44%	-6.54%	2.69%	32.92%	-19.37%	-5.44%	3.43%	32.64%	-13.79%	-11.67%	2.92%	31.85%	-19.76%
EBITDA ¹	1,016	1,524	1,332	1,218	1,371	1,674	1,324	1,343	1,499	1,846	1,493	1,448	1,640	1,926	1,633	1,544	1,713	2,069	1,698	1,591	1,806	2,213	1,937	1,695	1,899	2,332	1,937
Change	-	50%	-12.6%	-8.56%	12.56%	22.1%	-20.91%	1.44%	11.62%	23.15%	-19.12%	-3.01%	13.26%	17.44%	-15.21%	-5.45%	10.95%	20.78%	-17.93%	-6.3%	13.51%	22.54%	-12.49%	-12.49%	12.06%	22.8%	-16.93%
EBIT ¹	536	884	840	725	874	1,012	818	829	980	1,133	941	887	1,085	1,200	1,068	968	1,149	1,321	1,119	1,002	1,200	1,407	1,290	1,077	1,269	1,508	1,268
Change	-	64.93%	-4.98%	-13.69%	20.55%	15.79%	-19.17%	1.34%	18.21%	15.61%	-16.95%	-5.74%	22.32%	10.6%	-11%	-9.36%	18.7%	14.97%	-15.29%	-10.46%	19.8%	17.25%	-8.33%	-16.56%	17.92%	18.79%	-15.92%
Charge d'intérêts ¹	-176	-228	-166	-160	-161	-203	-160	-142	-152	-217	-172	-181	-193	-234	-195	-194	-190	-248	-199	-198	-212	-280	-226	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	23/07/20	12/11/20	25/02/21	05/05/21	28/07/21	17/11/21	24/02/22	04/05/22	27/07/22	16/11/22	23/02/23	03/05/23	26/07/23	15/11/23	22/02/24	01/05/24	25/07/24	13/11/24	20/02/25	30/04/25	-	-	-	-	-	-	-

¹CAD in Million

Estimates

Forecast Balance Sheet: Loblaw Companies Limited

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	5,770	14,114	6,557	17,323	16,274	5,794	5,527	5,307
Change	-	144.61%	-53.54%	164.19%	-6.06%	-64.4%	-4.61%	-3.98%
Announcement Date	25/02/21	24/02/22	23/02/23	22/02/24	20/02/25	-	-	-

¹CAD in Million

Estimates

Cash Flow Forecast: Loblaw Companies Limited

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	820	1,182	1,571	2,072	2,200	2,322	2,315	2,435
Change	-	44.15%	32.91%	31.89%	6.18%	5.55%	-0.3%	5.19%
Free Cash Flow (FCF) ¹	2,247	1,959	1,528	3,582	1,671	2,239	2,358	2,535
Change	-	-12.82%	-22%	134.42%	-53.35%	33.99%	5.3%	7.52%
Announcement Date	25/02/21	24/02/22	23/02/23	22/02/24	20/02/25	-	-	-

¹CAD in Million

Estimates

Forecast Financial Ratios: Loblaw Companies Limited

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	9.56%	10.51%	10.94%	11.17%	11.51%	11.56%	11.73%	11.86%
EBIT Margin (%)	5.6%	6.45%	6.87%	7.12%	7.47%	7.53%	7.71%	7.81%
EBT Margin (%)	3.08%	4.59%	4.71%	-	-	-	-	-
Net margin (%)	2.08%	3.5%	3.38%	3.51%	3.53%	3.34%	3.37%	3.4%
FCF margin (%)	4.26%	3.68%	2.7%	6.02%	2.74%	3.46%	3.56%	3.69%
FCF / Net Income (%)	205.02%	105.15%	80.04%	171.55%	77.54%	103.47%	105.44%	108.66%
Profitability
ROA	3.04%	5.14%	5.11%	5.41%	5.4%	6.57%	6.77%	5.5%
ROE	9.86%	16.52%	16.69%	18.35%	23.38%	23.77%	24.39%	22.52%
Financial Health
Leverage (Debt/EBITDA)	1.14x	2.53x	1.06x	2.61x	2.32x	0.77x	0.71x	0.65x
Debt / Free cash flow	2.57x	7.2x	4.29x	4.84x	9.74x	2.59x	2.34x	2.09x
Capital Intensity
CAPEX / Current Assets (%)	1.56%	2.22%	2.78%	3.48%	3.61%	3.58%	3.49%	3.55%
CAPEX / EBITDA (%)	16.27%	21.16%	25.42%	31.17%	31.32%	30.99%	29.75%	29.92%
CAPEX / FCF (%)	36.49%	60.34%	102.81%	57.84%	131.66%	103.71%	98.2%	96.06%
Items per share
Cash flow per share ¹	14.49	14.12	14.34	-	-	-	-	-
Change	-	-2.55%	1.51%	-	-	-	-	-
Dividend per Share ¹	1.28	1.4	1.58	1.743	1.985	2.234	2.391	2.496
Change	-	9.37%	12.86%	10.32%	13.88%	12.54%	7.04%	4.37%
Book Value Per Share ¹	-	-	-	-	36.35	38.2	40.52	43.37
Change	-	-	-	-	-	5.09%	6.07%	7.03%
EPS ¹	3.06	5.45	5.75	6.52	6.99	7.26	7.63	8.1
Change	-	78.1%	5.5%	13.39%	7.21%	3.86%	5.1%	6.16%
Nbr of stocks (in thousands)	3,48,838	3,35,174	3,24,023	3,13,125	3,01,077	2,97,130	2,97,130	2,97,130
Announcement Date	25/02/21	24/02/22	23/02/23	22/02/24	20/02/25	-	-	-