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 70,508 - -
Change - 12.82% 2.39% 44.42% 26.57% -3.38% - -
Enterprise Value (EV) 1 48,672 45,547 57,246 73,931 88,241 74,917 74,444 74,107
Change - -6.42% 25.69% 29.14% 19.36% -15.1% -0.63% -0.45%
P/E ratio 19x 20.9x 19.6x 27.4x 28x 26.7x 25.5x 24.2x
PBR - - - 5.27x 6.69x 6.34x 5.71x 5.25x
PEG - 3.8x 1.5x 3.8x 1x 11.85x 5.26x 4.43x
Capitalization / Revenue 0.65x 0.69x 0.67x 0.94x 1.13x 1.07x 1.04x 1x
EV / Revenue 0.92x 0.81x 0.96x 1.21x 1.36x 1.14x 1.09x 1.05x
EV / EBITDA 8.71x 7.37x 8.61x 10.5x 11.7x 9.92x 9.28x 9.26x
EV / EBIT 14.2x 11.7x 13.5x 16.2x 17.8x 15.3x 14.1x 13.5x
EV / FCF 24.8x 29.8x 16x 44.2x 43.1x 30.8x 30.3x -
FCF Yield 4.02% 3.35% 6.26% 2.26% 2.32% 3.25% 3.3% -
Dividend per Share 2 0.35 0.395 0.4358 0.4962 0.5515 0.6142 0.6616 0.6967
Rate of return 1.35% 1.31% 1.37% 1.04% 0.89% 1.01% 1.09% 1.15%
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% 27.1% 27.8% 27.8%
Net sales 1 53,170 56,504 59,529 61,014 64,814 65,627 68,112 70,406
EBITDA 1 5,587 6,181 6,647 7,024 7,533 7,556 8,022 7,999
EBIT 1 3,429 3,883 4,240 4,557 4,948 4,886 5,273 5,484
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 4,409 3,936 3,599
Reference price 2 25.91 30.08 31.88 47.88 62.09 60.66 60.66 60.66
Nbr of stocks (in thousands) 13,33,771 12,96,093 12,52,501 12,04,320 11,75,349 11,62,349 - -
Announcement Date 24/02/22 23/02/23 22/02/24 20/02/25 25/02/26 - - -
1CAD in Million2CAD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.72x1.14x9.92x1.01% 5.12TCr
45.26x1.47x22.33x0.74% 1,04800Cr
12.85x0.37x6.65x2.16% 4.04TCr
14.75x0.52x7.64x3.48% 3.79TCr
13.49x0.51x6.38x3.47% 3.76TCr
17.84x0.54x10.4x2.97% 3.47TCr
37.9x0.78x9.19x2.86% 2.88TCr
61.73x0.69x11.4x0.91% 2.61TCr
20.88x0.71x6x1.4% 2.61TCr
20.95x0.55x10.73x-.--% 1.81TCr
Average 27.24x 0.73x 10.06x 1.9% 13.49TCr
Weighted average by Cap. 40.50x 1.29x 19.26x 1.06%

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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