| This report should not be construed as providing investment
advice. It is for educational purposes only.
Before making any investment decision, you should always do your own
research or consult a investment professional. |
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| While I try to
be accurate, I assume no responsibility for any figure in this spreadsheet. |
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10/8/10 |
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| See my
website on stocks or see my blog at the following sites. |
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www.spbrunner.com/stocks.html |
www.spbrunner.blogspot.com/ |
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| Loblaw
Companies Ltd |
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TSX: |
L |
www.loblaw.com |
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Fiscal Y |
Dec 31 (or nearest) |
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| Year |
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
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2010 |
2011 |
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| Fin Year |
12/31/99 |
12/31/00 |
12/29/01 |
12/28/02 |
1/3/04 |
1/1/05 |
12/31/05 |
12/30/06 |
12/29/07 |
1/3/09 |
1/2/10 |
1/1/11 |
12/31/11 |
12/31/12 |
12/31/13 |
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#Y |
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| Accounting Rules |
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C GAAP |
IFRS |
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| Statements |
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restated |
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| Revenue* |
$18,783 |
$20,121 |
$21,486 |
$23,082 |
$25,220 |
$26,209 |
$27,801 |
$28,640 |
$29,384 |
$30,802 |
$30,735 |
$30,997 |
$32,761 |
$31,886 |
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54.05% |
<-Total Growth |
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10 |
Revenue |
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| Increase |
50.3% |
7.1% |
6.8% |
7.4% |
9.3% |
3.9% |
6.1% |
3.0% |
2.6% |
4.8% |
-0.2% |
0.9% |
5.7% |
-2.7% |
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4.42% |
<-IRR #YR-> |
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10 |
Revenue |
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| Rev per Share |
$68.32 |
$72.84 |
$77.78 |
$83.57 |
$91.57 |
$95.56 |
$101.40 |
$104.46 |
$107.17 |
$112.34 |
$111.28 |
$110.48 |
$116.28 |
$113.17 |
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2.20% |
<-IRR #YR-> |
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5 |
Revenue |
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| P/S (Price/Sales) |
0.52 |
0.69 |
0.67 |
0.65 |
0.73 |
0.75 |
0.56 |
0.47 |
0.32 |
0.31 |
0.30 |
0.37 |
0.33 |
0.32 |
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4.25% |
<-IRR #YR-> |
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10 |
Rev Per share |
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| *Sales in M CDN $ |
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P/S |
10 yr |
0.51 |
5 yr |
0.32 |
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1.73% |
<-IRR #YR-> |
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5 |
Rev Per share |
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-$20,121 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$30,997 |
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-$27,801 |
$0 |
$0 |
$0 |
$0 |
$30,997 |
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-$73 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$110 |
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-$101 |
$0 |
$0 |
$0 |
$0 |
$110 |
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$3.35 |
$2.72 |
$2.05 |
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Ones in purple are adjusted EPS ( EPS prior to
Write-offs) |
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| EPS* |
$1.37 |
$1.71 |
$2.04 |
$2.64 |
$3.05 |
$3.51 |
$2.71 |
-$0.80 |
$1.20 |
$1.99 |
$2.38 |
$2.44 |
$2.85 |
$3.00 |
$3.42 |
I |
42.69% |
<-Total Growth |
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10 |
Earnings |
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| Increase |
29.2% |
24.8% |
19.3% |
29.4% |
15.5% |
15.1% |
-22.8% |
-129.5% |
-250.0% |
65.8% |
19.6% |
2.5% |
16.8% |
5.3% |
14.0% |
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3.62% |
<-IRR #YR-> |
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10 |
Earnings |
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| Earnings Yield |
3.9% |
3.4% |
3.9% |
4.9% |
4.6% |
4.9% |
4.8% |
-1.6% |
3.5% |
5.7% |
7.0% |
6.0% |
7.4% |
8.2% |
9.4% |
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-2.08% |
<-IRR #YR-> |
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5 |
Earnings |
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| * ESP per
share (Cdn GAAP) |
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E/P |
10 Yrs |
4.84% |
5Yrs |
5.69% |
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-$1.71 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$2.44 |
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-$2.71 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$2.44 |
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| Div* |
$0.24 |
$0.40 |
$0.40 |
$0.48 |
$0.60 |
$0.76 |
$0.84 |
$0.84 |
$0.84 |
$0.84 |
$0.84 |
$0.84 |
$0.84 |
$0.84 |
$0.84 |
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110.00% |
110.00% |
<-Total Growth |
10 |
Dividends |
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| Increase |
20.0% |
66.7% |
0.0% |
20.0% |
25.0% |
26.7% |
10.5% |
0.0% |
0.0% |
0.0% |
0.0% |
0.0% |
0.0% |
0.0% |
0.0% |
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0.00% |
0.00% |
<-Median-> |
10 |
Dividends |
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| Yield H/L Pr. |
0.64% |
0.94% |
0.80% |
0.84% |
1.01% |
1.17% |
1.29% |
1.63% |
2.00% |
2.72% |
2.52% |
2.15% |
2.19% |
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1.46% |
1.82% |
<-Median-> |
10 |
Dividends |
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| Yield on High Pr. |
0.56% |
0.73% |
0.74% |
0.76% |
0.90% |
1.06% |
1.10% |
1.44% |
1.59% |
2.37% |
2.27% |
1.88% |
2.00% |
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1.27% |
1.52% |
<-Median-> |
10 |
Dividends |
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| Yield on Low Pr. |
0.75% |
1.33% |
0.87% |
0.95% |
1.15% |
1.30% |
1.55% |
1.87% |
2.71% |
3.20% |
2.84% |
2.51% |
2.40% |
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1.71% |
2.14% |
<-Median-> |
10 |
Dividends |
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| Yield on Cl Pr. |
0.68% |
0.79% |
0.77% |
0.89% |
0.90% |
1.06% |
1.49% |
1.72% |
2.47% |
2.40% |
2.48% |
2.08% |
2.18% |
2.30% |
2.30% |
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1.61% |
1.90% |
<-Median-> |
10 |
Dividends |
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| Payout Ratio |
17.5% |
23.4% |
19.6% |
18.2% |
19.7% |
21.7% |
31.0% |
-105.0% |
70.0% |
42.2% |
35.3% |
34.4% |
29.5% |
28.0% |
24.6% |
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31.00% |
30.23% |
<-Median-> |
10 |
DPR EPS |
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| Payout Ratio CF |
10.1% |
14.1% |
13.5% |
13.3% |
16.0% |
14.4% |
15.5% |
19.5% |
18.5% |
23.3% |
11.9% |
14.8% |
14.4% |
14.6% |
#DIV/0! |
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15.13% |
15.13% |
<-Median-> |
10 |
DPR CF |
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| Payout Ratio CF NC |
10.7% |
13.8% |
12.0% |
11.4% |
12.9% |
13.5% |
15.0% |
18.4% |
19.0% |
18.1% |
18.7% |
15.4% |
14.4% |
14.6% |
#DIV/0! |
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15.19% |
15.19% |
<-Median-> |
10 |
DPR CF NC |
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| * Dividends
per share |
Div Yd |
2.67% |
5 |
3.10% |
10 |
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Yield |
2.19% |
2.40% |
Payout |
35.29% |
14.79% |
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7.70% |
7.70% |
<-IRR #YR-> |
10 |
Dividends |
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3.0% |
Years |
3.0% |
Years |
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Curr diff |
5.40% |
Last Div Inc ---> |
$0.21 |
$0.21 |
0.0% |
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0.00% |
0.00% |
<-IRR #YR-> |
5 |
Dividends |
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-$0.40 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.84 |
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-$0.84 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.84 |
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| H/LYield held 5 yrs |
3.16% |
4.38% |
3.21% |
2.32% |
1.90% |
2.03% |
1.98% |
1.68% |
1.47% |
1.42% |
1.29% |
1.29% |
1.63% |
2.00% |
2.72% |
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1.79% |
<-Median-> |
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10 |
Dividends |
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| H/LYield held 10 yrs |
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6.67% |
5.71% |
8.00% |
8.47% |
10.02% |
9.21% |
6.74% |
4.06% |
2.67% |
2.24% |
1.98% |
1.68% |
1.47% |
1.42% |
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6.23% |
<-Median-> |
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10 |
Dividends |
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| H/LYield held 15 yrs |
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14.00% |
12.00% |
14.00% |
11.86% |
11.07% |
9.21% |
6.74% |
4.06% |
2.67% |
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11.93% |
<-Median-> |
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6 |
Dividends |
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| H/LYield held 20 yrs |
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14.00% |
12.00% |
14.00% |
11.86% |
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14.00% |
<-Median-> |
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1 |
Dividends |
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| Graham No. |
$18.04 |
$20.86 |
$24.35 |
$29.78 |
$34.34 |
$39.84 |
$36.18 |
$23.15 |
$23.37 |
$30.86 |
$34.88 |
$36.69 |
$36.79 |
$37.75 |
$40.31 |
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75.90% |
51.09% |
<-Total Growth |
10 |
Graham Price |
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| Prem /Disc. Median |
107.82% |
103.75% |
105.33% |
91.82% |
72.69% |
63.69% |
80.47% |
122.64% |
79.41% |
-0.08% |
-4.59% |
6.35% |
4.42% |
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76.05% |
4.42% |
<-Median-> |
10 |
Graham Price |
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| Prem /Disc. High |
138.29% |
163.67% |
120.93% |
113.23% |
94.10% |
80.79% |
111.00% |
151.21% |
126.16% |
14.73% |
6.06% |
21.50% |
13.88% |
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102.55% |
87.44% |
<-Median-> |
10 |
Graham Price |
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| Prem /Disc. Low |
77.34% |
43.82% |
89.72% |
70.41% |
51.29% |
46.60% |
49.95% |
94.06% |
32.66% |
-14.89% |
-15.24% |
-8.80% |
-5.04% |
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48.27% |
-8.80% |
<-Median-> |
10 |
Graham Price |
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| Prem /Disc. CL |
95.35% |
142.10% |
112.92% |
81.26% |
94.10% |
80.79% |
55.81% |
110.78% |
45.50% |
13.33% |
-2.85% |
10.03% |
4.58% |
-3.44% |
-9.56% |
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68.30% |
50.65% |
<-Median-> |
10 |
Graham Price |
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| Price Cl |
$35.25 |
$50.50 |
$51.85 |
$53.98 |
$66.65 |
$72.02 |
$56.37 |
$48.79 |
$34.00 |
$34.97 |
$33.88 |
$40.37 |
$38.48 |
$36.45 |
$36.45 |
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-20.06% |
-25.79% |
<-Total Growth |
10 |
Stock Price |
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| Increase |
-5.7% |
43.3% |
2.7% |
4.1% |
23.5% |
8.1% |
-21.7% |
-13.4% |
-30.3% |
2.9% |
-3.1% |
19.2% |
-4.7% |
-5.3% |
0.0% |
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-2.21% |
-2.94% |
<-IRR #YR-> |
10 |
Stock Price |
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| P/E |
25.7 |
29.5 |
25.4 |
20.4 |
21.9 |
20.5 |
20.8 |
-61.0 |
28.3 |
17.6 |
14.2 |
16.5 |
13.5 |
12.2 |
10.7 |
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-6.46% |
-4.64% |
<-IRR #YR-> |
5 |
Stock Price |
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| Trailing P/E |
33.3 |
36.9 |
30.3 |
26.5 |
25.2 |
23.6 |
16.1 |
18.0 |
-42.5 |
29.1 |
17.0 |
17.0 |
15.8 |
12.8 |
12.2 |
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-0.62% |
-1.23% |
<-IRR #YR-> |
10 |
Price & Div |
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| Median 10, 5 Yrs |
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D. per yr |
1.71% |
1.89% |
% Tot Ret |
-139.01% |
-69.05% |
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Price Inc |
-3.12% |
P/E: |
19.01 |
16.55 |
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-4.75% |
-2.74% |
<-IRR #YR-> |
5 |
Price & Div |
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|
|
|
-$51.85 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$38.48 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$48.79 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$38.48 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$51.85 |
$0.48 |
$0.60 |
$0.76 |
$0.84 |
$0.84 |
$0.84 |
$0.84 |
$0.84 |
$0.84 |
$39.32 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$48.79 |
$0.84 |
$0.84 |
$0.84 |
$0.84 |
$39.32 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Price H/L Median |
$37.50 |
$42.50 |
$50.00 |
$57.13 |
$59.30 |
$65.21 |
$65.30 |
$51.54 |
$41.93 |
$30.83 |
$33.28 |
$39.02 |
$38.42 |
|
|
|
-8.19% |
-23.16% |
<-Total Growth |
10 |
Stock Price |
|
|
|
|
|
|
|
|
| Increase |
19.0% |
13.3% |
17.6% |
14.3% |
3.8% |
10.0% |
0.1% |
-21.1% |
-18.6% |
-26.5% |
7.9% |
17.3% |
-1.5% |
|
|
|
-0.85% |
-2.60% |
<-IRR #YR-> |
10 |
Stock Price |
|
|
|
|
|
|
|
|
| P/E |
27.4 |
24.9 |
24.5 |
21.6 |
19.4 |
18.6 |
24.1 |
-64.4 |
34.9 |
15.5 |
14.0 |
16.0 |
13.5 |
|
|
|
-9.78% |
-5.70% |
<-IRR #YR-> |
5 |
Stock Price |
|
|
|
|
|
|
|
|
| Trailing P/E |
35.4 |
31.0 |
29.2 |
28.0 |
22.5 |
21.4 |
18.6 |
19.0 |
-52.4 |
25.7 |
16.7 |
16.4 |
15.7 |
|
|
|
0.92% |
-0.86% |
<-IRR #YR-> |
10 |
Price & Div |
|
|
|
|
|
|
|
|
| Median 10, 5 Yrs |
|
D. per yr |
1.74% |
1.84% |
% Tot Ret |
-202.92% |
-47.43% |
|
Price Inc |
-1.54% |
P/E: |
17.29 |
15.49 |
|
|
|
-8.19% |
-3.87% |
<-IRR #YR-> |
5 |
Price & Div |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$50.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$38.42 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$51.54 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$38.42 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$50.00 |
$0.48 |
$0.60 |
$0.76 |
$0.84 |
$0.84 |
$0.84 |
$0.84 |
$0.84 |
$0.84 |
$39.26 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$51.54 |
$0.84 |
$0.84 |
$0.84 |
$0.84 |
$39.26 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dec |
Apr |
Feb |
Apr |
Dec |
Jan |
Aug |
May |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Price Hi |
$43.00 |
$55.00 |
$53.80 |
$63.50 |
$66.65 |
$72.02 |
$76.34 |
$58.15 |
$52.85 |
$35.40 |
$36.99 |
$44.58 |
$41.90 |
|
|
|
-18.95% |
-22.12% |
<-Total Growth |
10 |
Stock Price |
|
|
|
|
|
|
|
|
| Increase |
13.2% |
27.9% |
-2.2% |
18.0% |
5.0% |
8.1% |
6.0% |
-23.8% |
-9.1% |
-33.0% |
4.5% |
20.5% |
-6.0% |
|
|
|
-2.08% |
-2.47% |
<-IRR #YR-> |
10 |
Stock Price |
|
|
|
|
|
|
|
|
| P/E |
31.4 |
32.2 |
26.4 |
24.1 |
21.9 |
20.5 |
28.2 |
-72.7 |
44.0 |
17.8 |
15.5 |
18.3 |
14.7 |
|
|
|
-10.20% |
-6.34% |
<-IRR #YR-> |
5 |
Stock Price |
|
|
|
|
|
|
|
|
| Trailing P/E |
40.6 |
40.1 |
31.5 |
31.1 |
25.2 |
23.6 |
21.7 |
21.5 |
-66.1 |
29.5 |
18.6 |
18.7 |
17.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Median 10, 5 Yrs |
|
|
|
|
|
|
|
|
Price Inc |
-6.01% |
P/E: |
19.39 |
17.79 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$53.80 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$41.90 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$58.15 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$41.90 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Apr |
Dec |
Nov |
Dec |
Oct |
Mar |
Jan |
Aug |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Price Low |
$32.00 |
$30.00 |
$46.20 |
$50.75 |
$51.95 |
$58.40 |
$54.25 |
$44.92 |
$31.00 |
$26.26 |
$29.56 |
$33.46 |
$34.94 |
|
|
|
11.53% |
-24.37% |
<-Total Growth |
10 |
Stock Price |
|
|
|
|
|
|
|
|
| Increase |
28.0% |
-6.3% |
54.0% |
9.8% |
2.4% |
12.4% |
-7.1% |
-17.2% |
-31.0% |
-15.3% |
12.6% |
13.2% |
4.4% |
|
|
|
1.10% |
-2.75% |
<-IRR #YR-> |
10 |
Stock Price |
|
|
|
|
|
|
|
|
| P/E |
23.4 |
17.5 |
22.6 |
19.2 |
17.0 |
16.6 |
20.0 |
-56.2 |
25.8 |
13.2 |
12.4 |
13.7 |
12.3 |
|
|
|
-9.21% |
-4.90% |
<-IRR #YR-> |
5 |
Stock Price |
|
|
|
|
|
|
|
|
| Trailing P/E |
30.2 |
21.9 |
27.0 |
24.9 |
19.7 |
19.1 |
15.5 |
16.6 |
-38.8 |
21.9 |
14.9 |
14.1 |
14.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Median 10, 5 Yrs |
|
|
|
|
|
|
|
|
Price Inc |
4.42% |
P/E: |
15.18 |
13.20 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$46.20 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$34.94 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$44.92 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$34.94 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Market Cap |
$9,691 |
$13,950 |
$14,324 |
$14,910 |
$18,356 |
$19,752 |
$15,456 |
$13,377 |
$9,322 |
$9,588 |
$9,357 |
$11,327 |
$10,842 |
$10,270 |
$0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| # of Shares |
274.9 |
276.2 |
276.3 |
276.2 |
275.4 |
274.3 |
274.2 |
274.2 |
274.2 |
274.2 |
276.2 |
280.6 |
281.7 |
281.7 |
|
|
|
Share Capital |
|
|
Shares |
|
|
|
|
|
|
|
|
| Increase |
0.18% |
0.49% |
0.00% |
-0.02% |
-0.29% |
-0.42% |
-0.03% |
0.00% |
0.00% |
0.00% |
0.73% |
1.59% |
0.42% |
0.00% |
|
|
|
|
|
|
Shares |
|
|
|
|
|
|
|
|
| OCF |
$656 |
$785 |
$818 |
$998 |
$1,032 |
$1,443 |
$1,489 |
$1,180 |
$1,245 |
$989 |
$1,945 |
$1,594 |
$1,645 |
$1,620 |
|
|
103.06% |
<-Total Growth |
|
10 |
Cash Flow |
|
|
|
|
|
|
|
|
| OPS |
$2.39 |
$2.84 |
$2.96 |
$3.61 |
$3.75 |
$5.26 |
$5.43 |
$4.30 |
$4.54 |
$3.61 |
$7.04 |
$5.68 |
$5.84 |
$5.75 |
|
|
99.92% |
<-Total Growth |
|
10 |
Cash Flow |
|
|
|
|
|
|
|
|
| Increase |
23.55% |
19.09% |
4.20% |
22.02% |
3.71% |
40.41% |
3.21% |
-20.75% |
5.51% |
-20.56% |
95.23% |
-19.33% |
2.80% |
-1.54% |
|
|
11.37% |
<-Average |
|
10 |
Cash Flow |
|
|
|
|
|
|
|
|
| Non-Cash CF |
-$37.0 |
$16.0 |
$102.0 |
$163.0 |
$245.3 |
$99.0 |
$51.0 |
$69.0 |
-$35.0 |
$284.0 |
-$707.0 |
-$66.0 |
$0.0 |
$0.0 |
|
|
7.17% |
<-IRR #YR-> |
|
10 |
Cash Flow |
|
|
|
|
|
|
|
|
| OPS non-cash |
$2.25 |
$2.90 |
$3.33 |
$4.20 |
$4.64 |
$5.62 |
$5.62 |
$4.56 |
$4.41 |
$4.64 |
$4.48 |
$5.45 |
$5.84 |
$5.75 |
|
|
0.91% |
<-IRR #YR-> |
|
5 |
Cash Flow |
|
|
|
|
|
|
|
|
| Increase |
32.88% |
28.78% |
14.85% |
26.22% |
10.34% |
21.23% |
-0.10% |
-18.89% |
-3.12% |
5.21% |
-3.46% |
21.49% |
7.24% |
-1.54% |
|
|
6.51% |
<-IRR #YR-> |
|
10 |
CF - non cash |
|
|
|
|
|
|
|
|
| P/O on Cl |
15.66 |
17.42 |
15.57 |
12.84 |
14.37 |
12.81 |
10.04 |
10.71 |
7.70 |
7.53 |
7.56 |
7.41 |
6.59 |
6.34 |
|
|
-0.62% |
<-IRR #YR-> |
|
5 |
CF - non cash |
|
|
|
|
|
|
|
|
| *Cash Flow
per share from Operational Activities |
|
|
|
|
P/CF |
10 yr |
10.37 |
5 yr |
7.56 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$2.84 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$5.68 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$5.43 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$5.68 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$2.90 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$5.45 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$5.62 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$5.45 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| OPM |
3.49% |
3.90% |
3.81% |
4.32% |
4.09% |
5.51% |
5.36% |
4.12% |
4.24% |
3.21% |
6.33% |
5.14% |
5.02% |
|
|
|
should be zero, it is a check
on calculations |
|
|
|
|
|
|
|
|
|
|
|
|
| Diff from Ave |
-18.4% |
-8.9% |
-11.1% |
1.0% |
-4.4% |
28.6% |
25.1% |
-3.7% |
-1.0% |
-25.0% |
47.8% |
20.1% |
17.3% |
|
|
|
0.00 |
<-Median-> |
|
10 |
OPM |
|
|
|
|
|
|
|
|
| *Operational
Profit Margin (CF/Revenue) Ratio |
|
|
|
|
OPM |
10 Yrs |
4.28% |
5 Yrs |
4.24% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Curr Assets |
$2,415 |
$2,916 |
$3,086 |
$3,492 |
$3,485 |
$3,451 |
$3,701 |
$3,948 |
$4,093 |
$3,960 |
$4,364 |
$4,626 |
$6,332 |
|
|
|
Liq ratio of 1.5 and up, best |
|
|
Assets |
|
|
|
|
|
|
|
|
| Curr Liab. |
$2,812 |
$3,207 |
$2,796 |
$3,154 |
$3,114 |
$3,213 |
$3,162 |
$3,273 |
$3,622 |
$3,230 |
$3,628 |
$3,852 |
$4,356 |
|
|
|
1.15 |
<-Median-> |
|
10 |
Liabilities |
|
|
|
|
|
|
|
|
| Liquidity |
0.86 |
0.91 |
1.10 |
1.11 |
1.12 |
1.07 |
1.17 |
1.21 |
1.13 |
1.23 |
1.20 |
1.20 |
1.45 |
|
|
|
1.20 |
<-Median-> |
|
5 |
Ratio |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Assets |
$7,979 |
$9,025 |
$10,008 |
$11,110 |
$12,177 |
$13,046 |
$13,761 |
$13,486 |
$13,674 |
$13,985 |
$14,991 |
$15,919 |
$16,909 |
|
|
|
A/L ratio of 1.5 and up, best |
|
|
Assets |
|
|
|
|
|
|
|
|
| Liab. |
$5,075 |
$5,901 |
$6,439 |
$6,986 |
$7,445 |
$7,535 |
$7,875 |
$8,045 |
$8,129 |
$8,135 |
$8,687 |
$8,998 |
$10,961 |
|
|
|
1.70 |
<-Median-> |
|
10 |
Liabilities |
|
|
|
|
|
|
|
|
| A/L Ratio |
1.57 |
1.53 |
1.55 |
1.59 |
1.64 |
1.73 |
1.75 |
1.68 |
1.68 |
1.72 |
1.73 |
1.77 |
1.54 |
|
|
|
1.72 |
<-Median-> |
|
5 |
Ratio |
|
|
|
|
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|
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|
|
|
|
|
|
| Minority Int |
|
|
|
|
|
|
|
|
|
$20 |
$31 |
$41 |
$0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Book Value |
$2,904 |
$3,124 |
$3,569 |
$4,124 |
$4,732 |
$5,511 |
$5,886 |
$5,441 |
$5,545 |
$5,830 |
$6,273 |
$6,880 |
$5,948 |
|
|
|
120.23% |
<-Total Growth |
|
10 |
Book Value |
|
|
|
|
|
|
|
|
| BV per share |
$10.56 |
$11.31 |
$12.92 |
$14.93 |
$17.18 |
$20.09 |
$21.47 |
$19.85 |
$20.22 |
$21.26 |
$22.71 |
$24.52 |
$21.11 |
$21.11 |
$21.11 |
|
116.83% |
<-Total Growth |
|
10 |
Book Value |
|
|
|
|
|
|
|
|
| Change |
71.02% |
7.06% |
14.24% |
15.57% |
15.08% |
16.95% |
6.83% |
-7.56% |
1.91% |
5.14% |
6.81% |
7.96% |
-13.90% |
0.00% |
0.00% |
|
0.6792 |
Current/Historical |
|
Book Value |
|
|
|
|
|
|
|
|
| P/BV (CL) |
3.34 |
4.47 |
4.01 |
3.62 |
3.88 |
3.58 |
2.63 |
2.46 |
1.68 |
1.64 |
1.49 |
1.65 |
1.82 |
1.73 |
1.73 |
|
8.05% |
<-IRR #YR-> |
|
10 |
Book Value |
|
|
|
|
|
|
|
|
| Change |
-44.89% |
33.82% |
-10.13% |
-9.92% |
7.29% |
-7.61% |
-26.74% |
-6.37% |
-31.62% |
-2.18% |
-9.30% |
10.37% |
10.71% |
-5.28% |
0.00% |
|
2.70% |
<-IRR #YR-> |
|
5 |
Book Value |
|
|
|
|
|
|
|
|
| Leverage (A/BK) |
2.75 |
2.89 |
2.80 |
2.69 |
2.57 |
2.37 |
2.34 |
2.48 |
2.47 |
2.40 |
2.39 |
2.31 |
2.84 |
|
|
|
2.43 |
<-Median-> |
|
10 |
A/BV |
|
|
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|
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|
|
| Debt/Equity Ratio |
1.75 |
1.89 |
1.80 |
1.69 |
1.57 |
1.37 |
1.34 |
1.48 |
1.47 |
1.40 |
1.38 |
1.31 |
1.84 |
|
|
|
1.43 |
<-Median-> |
|
10 |
Debt/Eq Ratio |
|
|
|
|
|
|
|
|
| Sharerholders
Equity (Assets less liabilities) |
|
|
|
|
|
P/BV |
10 yr Med |
2.54 |
5 yr Med |
1.65 |
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|
-$11.31 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$24.52 |
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-$21.47 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$24.52 |
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| ROE |
|
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|
|
|
0.0% |
0.0% |
0.0% |
0.0% |
10.3% |
9.8% |
12.5% |
<-12 mths |
|
|
0.00% |
<-Median-> |
|
5 |
Compreh. Inc |
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| Comprehensive Inc |
|
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|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$645.00 |
$674.00 |
$743.00 |
<-12 mths |
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|
Compreh. Inc |
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| ROE |
13.0% |
15.1% |
15.8% |
17.7% |
17.9% |
17.6% |
12.7% |
-4.0% |
6.0% |
9.3% |
10.5% |
9.9% |
12.5% |
<-12 mths |
|
|
Net Income/Shareholders'
equity |
|
|
|
ROE |
|
|
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|
|
|
|
|
| 5Yr Running Ave |
13.7% |
14.2% |
14.8% |
15.6% |
16.2% |
17.0% |
16.2% |
12.0% |
9.9% |
8.4% |
7.1% |
6.7% |
9.7% |
<-12 mths |
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|
|
| Net Income |
$378 |
$473 |
$563 |
$728 |
$845 |
$968 |
$749 |
-$219 |
$330 |
$545 |
$656 |
$681 |
$744.25 |
<-12 mths |
|
|
43.97% |
<-Total Growth |
|
10 |
Net Income |
|
|
|
|
|
|
|
|
| Oper C. F. |
$656 |
$785 |
$818 |
$998 |
$1,032 |
$1,443 |
$1,489 |
$1,180 |
$1,245 |
$989 |
$1,945 |
$1,594 |
|
|
|
|
|
C F Statement |
|
|
Oper C. F. |
|
|
|
|
|
|
|
|
| Invest. C. F |
-$890 |
-$1,053 |
-$1,281 |
-$995 |
-$1,448 |
-$1,177 |
-$903 |
-$1,308 |
-$671 |
-$607 |
-$1,248 |
-$1,448 |
|
|
|
|
|
C F Statement |
|
|
Invest. C. F |
|
|
|
|
|
|
|
|
| Total Accrual |
$612 |
$741 |
$1,026 |
$725 |
$1,261 |
$702 |
$163 |
-$91 |
-$244 |
$163 |
-$41 |
$535 |
|
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|
|
Accruals |
|
|
|
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|
|
|
| Total Assets |
$7,979 |
$9,025 |
$10,008 |
$11,110 |
$12,177 |
$13,046 |
$13,761 |
$13,486 |
$13,674 |
$13,985 |
$14,991 |
$15,919 |
|
|
|
|
|
Balance Sheet |
|
|
Assets |
|
|
|
|
|
|
|
|
| Accruals Ratio |
7.67% |
8.21% |
10.25% |
6.53% |
10.36% |
5.38% |
1.18% |
-0.67% |
-1.78% |
1.17% |
-0.27% |
3.36% |
|
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|
|
Oper C. F. Covers Investing C.F. and dividends? |
|
Ratio |
|
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| Expect |
down |
down |
down |
down |
down |
down |
down |
up |
up |
up |
up |
up |
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|
| Chge in Cl |
-5.75% |
43.26% |
2.67% |
4.11% |
23.47% |
8.06% |
-21.73% |
-13.45% |
-30.31% |
2.85% |
-3.12% |
19.16% |
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| Fin. C. F |
|
|
|
|
|
-$290 |
-$208 |
-$120 |
-$472 |
-$371 |
-$173 |
-$18 |
|
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|
|
C F Statement |
|
|
Fin. C. F |
|
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| Total Accruals |
|
|
|
|
|
$992 |
$371 |
$29 |
$228 |
$534 |
$132 |
$553 |
|
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|
Accruals |
|
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|
|
| Accruals Ratio |
|
|
|
|
|
7.60% |
2.70% |
0.22% |
1.67% |
3.82% |
0.88% |
3.47% |
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Ratio |
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| Jan 24,
2012. Last estimates I got were for
2010 and 2011 with EPS at $2.65 and $2.87 and CF of $5.03 and $5.38. |
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| Feb 10,
2011. Last time I looked, I got 2009
and 2010 estimates for earnings of $2.23 and $2.48 and Cash Flow of $4.26 and $4.62 |
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| Jun 1, 2009
AR 2008. Estimates from Sep 2008 give EPS $1.82 and it came in at $1.99. I do
not think I want to invest until they up
dividends. |
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| AP
2006. There is now a reduce rating on
this stock. Expect -2.7 return. According to Mike, yield is higher than
historical highs so has room to move up.
However, this company is still in deep trouble. |
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| Good news is
that accruals a now negative. Since I
have bought it, I have a return of IRR of 11%, but not making any money last
2 years. EPS has turn negative |
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| AP
2005. Loblaws is having earnings
problem due to spending on Supply Chain.
When this clears up, it should go back to being the great stock it has
been. Not followed by TD. |
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| AP
2004. Am I the only one worried about
their income raising a lot faster than revenue? Accrual Ratio is a lot better in 2004 than
it has been. |
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| 2002. Still a good company. However, the EPS is increasing faster than
revenue and price fast that EPS and revenue. 2002 |
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| How they make their money |
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| Loblaw Companies Limited, a subsidiary of George Weston Limited, is
Canada's largest food retailer and a leading provider of drugstore, general
merchandise and financial products and services. |
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| Loblaw offers Canada's strongest control (private) label program, including
the unique President's Choice, no name and Joe |
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| Fresh brands. In addition, the Company makes available to consumers
President's Choice financial services and offers the PC point loyalty
program. |
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| Loblaw, a
subsidiary of George Weston Limited, is Canada’s largest food distributor and
a leading provider of general merchandise, drugstore and financial products
and services. |
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| Corporate
owned store banners include Atlantic Superstore, Dominion(1) (in Newfoundland
and Labrador only), Extra Foods, Loblaw, |
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| Maxi, Maxi
& Cie, Provigo, the Real Canadian Superstore and Zehrs and wholesale
outlets operating as Cash & Carry, Presto and The |
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| Real
Canadian Wholesale Club. The Company’s franchised and associated stores
operate under the trade names Atlantic SaveEasy, Fortinos, no frills,
SuperValu, Valu-mart and Your Independent Grocer. |
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| W. Galen
Weston and George Weston Ltd own 63% of this company. |
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| For most ratios, lower is better when looking for a good stock price. However, there are exceptions such as for
yield and asset/liability ratios and here you want a higher ratios to
indicate a good stock price. |
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| Also, for the Operational Profit Margin, a higher percentage is better. With the OPM, you should only compare
companies in similar industries. |
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| Copyright © 2008 Website of SPBrunner. All rights reserved. |
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| George Weston
Limited Shares |
|
170.39 |
|
60.73% |
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| Weston,
Willard Galen Garfield |
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4.59 |
|
1.64% |
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| Loblaw Companies Limited, a subsidiary of George Weston Limited, is
Canada's largest food retailer and a leading provider of drugstore, general
merchandise and financial products and services. |
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| Loblaw offers Canada's strongest control (private) label program, including
the unique President's Choice, no name and Joe |
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| Fresh brands. In addition, the Company makes available to consumers
President's Choice financial services and offers the PC points loyalty
program. |
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31.755 |
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0.018 |
0.06% |
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31.773 |
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| My Gain |
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