Company Valuation: Loblaw Companies Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 22,228 34,717 39,489 39,883 57,548 73,212 73,212 -
Change - 56.19% 13.74% 1% 44.29% 27.22% 0% -
Enterprise Value (EV) 1 27,998 48,831 46,046 57,206 73,822 80,298 79,850 79,842
Change - 74.41% -5.7% 24.24% 29.05% 8.77% -0.56% -0.01%
P/E ratio 20.8x 19x 21.2x 19.5x 27.3x 35.4x 32.3x 30.5x
PBR - - - - 5.26x 6.41x 5.97x 5.57x
PEG - 0.2x 3.85x 1.5x 3.79x 49.49x 3.34x 5.35x
Capitalization / Revenue 0.42x 0.65x 0.7x 0.67x 0.94x 1.13x 1.1x 1.06x
EV / Revenue 0.53x 0.92x 0.81x 0.96x 1.21x 1.24x 1.2x 1.16x
EV / EBITDA 5.55x 8.74x 7.45x 8.61x 10.5x 10.8x 10.3x 9.97x
EV / EBIT 9.48x 14.2x 11.9x 13.5x 16.2x 16.3x 15.4x 14.6x
EV / FCF 12.5x 24.9x 30.1x 16x 44.2x 33.3x 32.7x 30.3x
FCF Yield 8.03% 4.01% 3.32% 6.26% 2.26% 3% 3.06% 3.3%
Dividend per Share 2 0.32 0.35 0.395 0.4358 0.4962 0.5536 0.5935 0.643
Rate of return 2.01% 1.35% 1.3% 1.37% 1.04% 0.89% 0.95% 1.03%
EPS 2 0.765 1.362 1.438 1.63 1.748 1.76 1.93 2.04
Distribution rate 41.8% 25.7% 27.5% 26.7% 28.4% 31.5% 30.8% 31.5%
Net sales 1 52,714 53,170 56,504 59,529 61,014 64,870 66,438 68,936
EBITDA 1 5,041 5,587 6,181 6,647 7,024 7,415 7,739 8,011
EBIT 1 2,954 3,429 3,883 4,240 4,557 4,937 5,191 5,468
Net income 1 1,096 1,863 1,909 2,088 2,155 2,101 2,267 2,365
Net Debt 1 5,770 14,114 6,557 17,323 16,274 7,087 6,638 6,631
Reference price 2 15.93 25.90 30.47 31.84 47.78 62.30 62.30 62.30
Nbr of stocks (in thousands) 13,95,352 13,40,696 12,96,093 12,52,501 12,04,308 11,75,146 11,75,146 -
Announcement Date 25/02/21 24/02/22 23/02/23 22/02/24 20/02/25 - - -
1CAD in Million2CAD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
35.73x1.25x10.92x0.88% 5.33TCr
41.8x1.41x22.39x0.78% 96TCr
41.6x0.37x6.68x2.2% 3.95TCr
94.6x0.98x15.97x0.62% 3.83TCr
17.73x0.58x11x2.8% 3.69TCr
15.73x0.52x7.79x3.4% 3.6TCr
13.73x0.5x6.36x3.49% 3.55TCr
28.42x0.78x6.41x1.2% 2.64TCr
24.24x0.74x8.76x3.13% 2.46TCr
27.99x0.59x12.01x-.--% 1.84TCr
Average 34.16x 0.77x 10.83x 1.85% 12.66TCr
Weighted average by Cap. 40.08x 1.25x 19.28x 1.08%
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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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