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 65,963 - -
Change - 56.19% 13.74% 1% 44.29% 14.62% - -
Enterprise Value (EV) 1 27,998 48,831 46,046 57,206 73,822 71,757 71,490 71,269
Change - 74.41% -5.7% 24.24% 29.05% -2.8% -0.37% -0.31%
P/E ratio 20.8x 19x 21.2x 19.5x 27.3x 30.6x 29.1x 27.4x
PBR - - - - 5.26x 5.81x 5.48x 5.12x
PEG - 0.2x 3.85x 1.5x 3.79x 7.92x 5.71x 4.45x
Capitalization / Revenue 0.42x 0.65x 0.7x 0.67x 0.94x 1.02x 0.99x 0.96x
EV / Revenue 0.53x 0.92x 0.81x 0.96x 1.21x 1.11x 1.08x 1.04x
EV / EBITDA 5.55x 8.74x 7.45x 8.61x 10.5x 9.58x 9.19x 8.76x
EV / EBIT 9.48x 14.2x 11.9x 13.5x 16.2x 14.7x 14x 13.3x
EV / FCF 12.5x 24.9x 30.1x 16x 44.2x 32x 30.3x 28.1x
FCF Yield 8.03% 4.01% 3.32% 6.26% 2.26% 3.12% 3.3% 3.56%
Dividend per Share 2 1.28 1.4 1.58 1.743 1.985 2.234 2.391 2.496
Rate of return 2.01% 1.35% 1.3% 1.37% 1.04% 1.01% 1.08% 1.12%
EPS 2 3.06 5.45 5.75 6.52 6.99 7.26 7.63 8.1
Distribution rate 41.8% 25.7% 27.5% 26.7% 28.4% 30.8% 31.3% 30.8%
Net sales 1 52,714 53,170 56,504 59,529 61,014 64,786 66,312 68,644
EBITDA 1 5,041 5,587 6,181 6,647 7,024 7,492 7,781 8,139
EBIT 1 2,954 3,429 3,883 4,240 4,557 4,877 5,111 5,363
Net income 1 1,096 1,863 1,909 2,088 2,155 2,164 2,236 2,333
Net Debt 1 5,770 14,114 6,557 17,323 16,274 5,794 5,527 5,307
Reference price 2 63.72 103.58 121.87 127.37 191.14 222.00 222.00 222.00
Nbr of stocks (in thousands) 3,48,838 3,35,174 3,24,023 3,13,125 3,01,077 2,97,130 - -
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.($)
30.35x1.1x9.52x1.01% 4.77TCr
36.97x1.15x18x0.98% 76TCr
15.57x0.42x7.64x1.86% 4.75TCr
19.4x0.6x11.37x2.69% 3.7TCr
13.35x0.51x6.46x3.33% 3.69TCr
15.38x0.52x7.91x3.39% 3.58TCr
81.06x0.72x12.03x0.91% 2.56TCr
27.69x0.78x9.49x2.73% 2.49TCr
25.95x0.73x6.07x1.29% 2.47TCr
24.17x0.58x12.11x-.--% 1.88TCr
Average 28.99x 0.71x 10.06x 1.82% 10.6TCr
Weighted average by Cap. 33.91x 1.01x 15.46x 1.27%
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Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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