This report is for educational purposes only, and not to provide investment advice.  Before making any investment decision, you should always do your own research or consult a investment professional.
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Estimates Estimates Estimates
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Alimentation Couche-Tard Inc TSX: ATD OTC ANCTF https://corpo.couche-tard.com/en/ Fiscal Yr: Apr 30
Year 24-Apr-11 29-Apr-12 28-Apr-13 27-Apr-14 26-Apr-15 24-Apr-16 30-Apr-17 29-Apr-18 28-Apr-19 26-Apr-20 25-Apr-21 24-Apr-22 30-Apr-23 30-Apr-24 30-Apr-25 30-Apr-26 Value Description #Y Item Total G Currency
Reporting Day 24 29 28 27 26 24 30 29 28 26 25 24 30 Reporting Day
Accounting Rules C GAAP IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS Accounting Rules
$ Reporting in  $ Reporting in 
US$-CND$ ending April 0.9541 0.9807 1.0139 1.1033 1.1042 1.2680 1.3427 1.2836 1.3642 1.3423 1.2285 1.2792 1.3578 1.3443 1.3443 1.3443 1.13% <-IRR #YR-> 5 USD - CDN$
Change -5.05% 2.78% 3.39% 8.81% 0.08% 14.83% 5.89% -4.40% 6.28% -1.61% -8.48% 4.13% 6.14% -0.99% 0.00% 0.00% 2.96% <-IRR #YR-> 10 USD - CDN$
Month, Year Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 27.00 <Count Years> Month, Year
US$-CND$ ending Dec 0.9946 1.0170 0.9949 1.0636 1.1601 1.3847 1.3427 1.2545 1.3642 1.2988 1.2732 1.2678 1.3544 1.3443 1.3443 1.3443 1.54% <-IRR #YR-> 5 USD - CDN$
-4.97% 2.25% -2.17% 6.91% 9.07% 19.36% -3.04% -6.57% 8.74% -4.79% -1.97% -0.42% 6.83% -0.75% 0.00% 0.00% 3.13% <-IRR #YR-> 10 USD - CDN$
Split Date 4/23/14 9/30/19 Split Date
Split 3 2 Split
Revenue US$   $18,966 $22,998 $35,543 $37,957 $34,530 $34,145 $37,905 $51,394 $59,118 $54,132 $45,760 $62,810 $71,857 $69,100 $70,761 $71,273 102.17% <-Total Growth 10 Revenue US$
Increase 15.37% 21.26% 54.55% 6.79% -9.03% -1.12% 11.01% 35.59% 15.03% -8.43% -15.47% 37.26% 14.40% -3.84% 2.40% 0.72% 7.29% <-IRR #YR-> 10 Revenue 102.17% US$
5 year Running Average $15,729 $17,911 $21,946 $26,381 $29,999 $33,034 $36,016 $39,186 $43,418 $47,339 $49,662 $54,643 $58,735 $60,732 $64,058 $69,160 6.93% <-IRR #YR-> 5 Revenue 39.81% US$
Revenue per Share $17.22 $21.41 $31.58 $33.55 $30.43 $30.24 $33.34 $45.54 $52.37 $48.65 $42.39 $60.81 $73.23 $70.42 $72.11 $72.63 10.35% <-IRR #YR-> 10 5 yr Running Average 167.64% US$
Increase 15.40% 24.33% 47.54% 6.22% -9.29% -0.63% 10.26% 36.61% 14.99% -7.11% -12.88% 43.47% 20.42% -3.84% 2.40% 0.72% 8.43% <-IRR #YR-> 5 5 yr Running Average 49.89% US$
5 year Running Average $13.83 $16.12 $19.83 $23.73 $26.84 $29.44 $31.83 $34.62 $38.38 $42.03 $44.46 $49.95 $55.49 $59.10 $63.79 $69.84 8.77% <-IRR #YR-> 10 Revenue per Share 131.86% US$
P/S (Price/Sales) Med 0.22 0.27 0.26 0.35 0.56 0.70 0.70 0.52 0.49 0.57 0.75 0.66 0.62 0.71 0.00 0.00 9.96% <-IRR #YR-> 5 Revenue per Share 60.78% US$
P/S (Price/Sales) Close 0.26 0.33 0.32 0.42 0.63 0.72 0.69 0.48 0.56 0.57 0.80 0.73 0.68 0.73 0.72 0.71 10.84% <-IRR #YR-> 10 5 yr Running Average 179.84% US$
*Revenue in M US $  10 yr  0.59 5 yr  0.62 23.64% Diff M/C 9.89% <-IRR #YR-> 5 5 yr Running Average 60.28% US$
Revenue CDN$* $18,095 $22,552 $36,038 $41,878 $38,128 $43,295 $50,894 $65,970 $80,648 $72,662 $56,216 $80,346 $97,567 $92,891 $95,124 $95,812 170.73% <-Total Growth 10 Revenue CDN$
Increase 9.54% 24.63% 59.80% 16.20% -8.95% 13.55% 17.55% 29.62% 22.25% -9.90% -22.63% 42.92% 21.43% -4.79% 2.40% 0.72% 10.47% <-IRR #YR-> 10 Revenue 170.73% CDN$
5 year Running Average $16,454 $18,289 $22,394 $27,016 $31,338 $36,378 $42,047 $48,033 $55,787 $62,694 $65,278 $71,169 $77,488 $79,937 $84,429 $92,348 8.14% <-IRR #YR-> 5 Revenue 47.90% CDN$
Revenue per Share $16.43 $20.99 $32.02 $37.01 $33.60 $38.34 $44.77 $58.46 $71.44 $65.30 $52.07 $77.79 $99.43 $94.66 $96.94 $97.64 13.22% <-IRR #YR-> 10 5 yr Running Average 246.02% CDN$
Increase 9.58% 27.79% 52.54% 15.58% -9.21% 14.11% 16.75% 30.59% 22.21% -8.60% -20.26% 49.39% 27.82% -4.79% 2.40% 0.72% 10.04% <-IRR #YR-> 5 5 yr Running Average 61.32% CDN$
5 year Running Average $14.45 $16.44 $20.22 $24.29 $28.01 $32.39 $37.15 $42.44 $49.32 $55.66 $58.41 $65.01 $73.21 $77.85 $84.18 $93.29 12.00% <-IRR #YR-> 10 Revenue per Share 210.49% CDN$
P/S (Price/Sales) Med 0.23 0.27 0.26 0.34 0.59 0.71 0.67 0.51 0.47 0.59 0.80 0.64 0.59 0.70 0.00 0.00 11.21% <-IRR #YR-> 5 Revenue per Share 70.07% CDN$
P/S (Price/Sales) Close 0.26 0.34 0.31 0.41 0.69 0.72 0.70 0.47 0.55 0.59 0.80 0.74 0.68 0.74 0.72 0.71 13.73% <-IRR #YR-> 10 5 yr Running Average 262.04% CDN$
*Revenue in M CDN $  P/S Med 20 yr  0.38 15 yr  0.51 10 yr  0.59 5 yr  0.59 23.93% Diff M/C 11.52% <-IRR #YR-> 5 5 yr Running Average 72.51% CDN$
-$36,038 $0 $0 $0 $0 $0 $0 $0 $0 $0 $97,567
-$65,970 $0 $0 $0 $0 $97,567
-$22,394 $0 $0 $0 $0 $0 $0 $0 $0 $0 $77,488
-$48,033 $0 $0 $0 $0 $77,488
-$32.02 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $99.43
-$58.46 $0.00 $0.00 $0.00 $0.00 $99.43
-$20.22 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $73.21
-$42.44 $0.00 $0.00 $0.00 $0.00 $73.21
Adjusted Profit US$ $1,018.0 $1,188.0 $1,208.9 $1,472.0 $1,874.0 $2,216.0 $2,716.0 $2,770.0 $3,152.0
Basic $0.33 $0.42 $0.52 $0.72 $0.90 $1.05 $1.06 $1.30 $1.66 $1.97 $2.45 $2.60 $3.13
AEPS* Dilued $0.33 $0.42 $0.51 $0.72 $0.90 $1.04 $1.06 $1.30 $1.66 $1.97 $2.45 $2.60 $3.12 $2.89 $3.19 $3.68 509.77% <-Total Growth 10 AEPS
Increase 22.50% 27.04% 23.29% 39.74% 25.18% 16.60% 1.74% 22.28% 27.72% 18.80% 24.37% 6.12% 20.00% -7.37% 10.38% 15.36% 10 0 10 Years of Data, EPS P or N 100.00% US$
AEPS Yield 7.37% 5.82% 5.07% 5.05% 4.68% 4.77% 4.61% 5.98% 5.62% 7.06% 7.23% 5.83% 6.25% 5.59% 6.17% 7.12% 19.82% <-IRR #YR-> 10 AEPS 509.77% US$
5 year Running Average $0.22 $0.28 $0.35 $0.45 $0.57 $0.72 $0.85 $1.00 $1.19 $1.41 $1.69 $2.00 $2.36 $2.61 $2.85 $3.10 19.17% <-IRR #YR-> 5 AEPS 140.31% US$
Payout Ratio 9.63% 11.26% 9.64% 7.65% 8.85% 9.26% 11.75% 10.80% 9.39% 9.74% 10.47% 11.88% 11.83% 14.41% 13.06% 11.32% 21.13% <-IRR #YR-> 10 5 yr Running Average 580.01% US$
5 year Running Average 10.47% 10.61% 9.73% 9.44% 9.41% 9.33% 9.43% 9.66% 10.01% 10.19% 10.43% 10.45% 10.66% 11.67% 12.33% 12.50% 18.67% <-IRR #YR-> 5 5 yr Running Average 135.32% US$
Price/AEPS Median 11.43 13.98 16.02 16.21 19.16 20.32 21.85 18.23 15.38 14.13 12.89 15.43 14.44 17.31 0.00 0.00 15.82 <-Median-> 10 Price/AEPS Median US$
Price/AEPS High 13.99 17.30 19.74 19.75 23.44 22.64 24.88 20.93 18.44 17.51 14.85 17.79 16.38 18.00 0.00 0.00 19.09 <-Median-> 10 Price/AEPS High US$
Price/AEPS Low 8.88 10.65 12.29 12.67 14.87 18.01 18.82 15.54 12.33 10.76 10.94 13.08 12.49 16.62 0.00 0.00 12.87 <-Median-> 10 Price/AEPS Low US$
Price/AEPS Close 13.58 17.17 19.74 19.80 21.38 20.98 21.67 16.71 17.78 14.16 13.82 17.16 16.01 17.89 16.20 14.05 17.47 <-Median-> 10 Price/AEPS Close US$
Trailing P/AEPS Close 16.63 21.81 24.34 27.66 26.76 24.46 22.05 20.44 22.71 16.82 17.19 18.21 19.21 16.57 17.89 16.20 21.24 <-Median-> 10 Trailing P/AEPS Close US$
Median Values DPR 10 Yrs 10.10% 5 Yrs   10.47% P/CF 5 Yrs   in order 14.44 17.51 12.33 16.01 23.89% Diff M/C DPR 75% to 95% best US$
* Adjusted Net Earnings per Share
-$0.51 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.12
-$1.30 $0.00 $0.00 $0.00 $0.00 $3.12
-$0.35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.36
-$1.00 $0.00 $0.00 $0.00 $0.00 $2.36
Adjusted Profit CDN$ $1,124.1 $1,506.4 $1,623.2 $1,889.5 $2,556.5 $2,974.5 $3,336.6 $3,543.4 $4,279.8
Basic $0.32 $0.42 $0.52 $0.79 $0.99 $1.33 $1.43 $1.67 $2.27 $2.64 $3.01 $3.33 $4.25 713.35% <-Total Growth 10 AEPS
AEPS* Dilued $0.31 $0.41 $0.52 $0.79 $0.99 $1.32 $1.43 $1.67 $2.26 $2.64 $3.01 $3.33 $4.24 $3.89 $4.29 $4.95 716.58% <-Total Growth 10 AEPS
Increase 16.32% 30.58% 27.48% 52.06% 25.28% 33.90% 7.74% 16.90% 35.74% 16.89% 13.82% 10.50% 27.37% -8.29% 10.38% 15.36% 10 0 10 Years of Data, EPS P or N 100.00% CDN$
AEPS Yield 7.31% 5.70% 5.21% 5.15% 4.28% 4.81% 4.54% 6.00% 5.73% 6.81% 7.23% 5.82% 6.26% 5.57% 6.15% 7.09% 23.37% <-IRR #YR-> 10 AEPS 716.58% CDN$
5 year Running Average $0.23 $0.28 $0.35 $0.46 $0.60 $0.81 $1.01 $1.24 $1.53 $1.86 $2.20 $2.58 $3.10 $3.42 $3.75 $4.14 20.51% <-IRR #YR-> 5 AEPS 154.20% CDN$
Payout Ratio 9.63% 11.26% 9.64% 7.65% 8.85% 9.26% 11.75% 10.80% 9.39% 9.74% 10.47% 11.88% 11.80% 14.41% 13.06% 11.32% 24.28% <-IRR #YR-> 10 5 yr Running Average 778.94% CDN$
5 year Running Average 10.47% 10.61% 9.73% 9.44% 9.41% 9.33% 9.43% 9.66% 10.01% 10.19% 10.43% 10.45% 10.66% 11.66% 12.32% 12.49% 20.11% <-IRR #YR-> 5 5 yr Running Average 149.95% CDN$
Price/AEPS Median 12.06 13.93 15.96 15.94 20.21 20.57 21.16 17.99 14.81 14.57 13.90 14.97 13.95 17.14 0.00 0.00 15.46 <-Median-> 10 Price/AEPS Median CDN$
Price/AEPS High 14.60 17.55 19.44 19.85 25.83 24.01 23.98 20.15 18.08 17.38 15.75 17.56 16.04 17.95 0.00 0.00 18.96 <-Median-> 10 Price/AEPS High CDN$
Price/AEPS Low 9.53 10.32 12.47 12.04 14.60 17.13 18.34 15.83 11.55 11.76 12.06 12.38 11.85 16.34 0.00 0.00 12.22 <-Median-> 10 Price/AEPS Low CDN$
Price/AEPS Close 13.68 17.55 19.20 19.43 23.36 20.78 22.02 16.65 17.46 14.69 13.84 17.20 15.96 17.95 16.26 14.10 17.33 <-Median-> 10 Price/AEPS Close CDN$
Trailing P/AEPS Close 15.92 22.91 24.47 29.54 29.27 27.83 23.72 19.47 23.70 17.17 15.75 19.00 20.33 16.46 17.95 16.26 22.01 <-Median-> 10 Trailing P/AEPS Close CDN$
Median Values DPR 10 Yrs 10.10% 5 Yrs   10.47% P/CF 5 Yrs   in order 14.57 17.38 11.85 15.96 23.18% Diff M/C DPR 75% to 95% best CDN$
* Adjusted Net Earnings per Share
-$0.52 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.24
-$1.67 $0.00 $0.00 $0.00 $0.00 $4.24
-$0.35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.10
-$1.24 $0.00 $0.00 $0.00 $0.00 $3.10
pre-split '14 $2.00 $2.54
pre-split '19 $0.67 $0.85 $1.03 $1.44 $1.65 $2.10 $2.13 $2.96 $3.25
EPS Basic US$ $0.33 $0.42 $0.52 $0.72 $0.83 $1.05 $1.07 $1.48 $1.63 $2.10 $2.45 $2.53 $3.07 496.12% <-Total Growth 10 EPS Basic US$
pre-split '14 $1.96 $2.49 $3.07
pre-split '19 $0.65 $0.83 $1.02 $1.43 $1.64 $2.10 $2.12 $2.95 $3.25
EPS Diluted* $0.33 $0.42 $0.51 $0.72 $0.82 $1.05 $1.06 $1.48 $1.63 $2.09 $2.44 $2.52 $3.06 $2.88 $3.24 $3.54 498.05% <-Total Growth 10 EPS Diluted US$
Increase 22.5% 27.0% 23.3% 39.7% 14.7% 28.0% 1.0% 39.2% 10.2% 28.6% 16.7% 3.3% 21.4% -5.9% 12.5% 9.3% 10 0 10 Years of Data, EPS P or N US$
Earnings Yield  7.4% 5.8% 5.1% 5.1% 4.3% 4.8% 4.6% 6.8% 5.5% 7.5% 7.2% 5.6% 6.1% 5.6% 6.3% 6.8% 22.27% <-IRR #YR-> 10 Earnings per Share 498.05% US$
5 year Running Average $0.22 $0.28 $0.35 $0.45 $0.56 $0.70 $0.83 $1.02 $1.21 $1.46 $1.74 $2.03 $2.35 $2.60 $2.83 $3.05 18.37% <-IRR #YR-> 5 Earnings per Share 107.46% US$
10 year Running Average $0.15 $0.19 $0.24 $0.30 $0.37 $0.46 $0.55 $0.69 $0.83 $1.01 $1.22 $1.43 $1.69 $1.90 $2.14 $2.39 22.76% <-IRR #YR-> 10 5 yr Running Average 576.37% US$
* Diluted ESP per share  E/P 10 Yrs 5.29% 5Yrs 6.8% 19.87% <-IRR #YR-> 5 5 yr Running Average 129.20% US$
EPS Basic CDN$ $0.32 $0.42 $0.52 $0.79 $0.91 $1.33 $1.43 $1.90 $2.22 $2.82 $3.01 $3.24 $4.17 698.29% <-Total Growth 10 EPS Basic CDN$
EPS Diluted* $0.31 $0.41 $0.52 $0.79 $0.91 $1.33 $1.42 $1.89 $2.22 $2.81 $3.00 $3.22 $4.15 $3.87 $4.36 $4.76 700.87% <-Total Growth 10 EPS Diluted CDN$
Increase 16.3% 30.6% 27.5% 52.1% 14.8% 47.0% 6.9% 33.0% 17.1% 26.6% 6.8% 7.5% 28.9% -6.8% 12.5% 9.3% 10 0 10 Years of Data, EPS P or N CDN$
Earnings Yield 7.3% 5.7% 5.2% 5.1% 3.9% 4.8% 4.5% 6.8% 5.6% 7.2% 7.2% 5.6% 6.1% 5.6% 6.2% 6.8% 23.13% <-IRR #YR-> 10 Earnings per Share 700.87% CDN$
5 year Running Average $0.23 $0.28 $0.35 $0.46 $0.59 $0.79 $0.99 $1.27 $1.55 $1.93 $2.27 $2.63 $3.08 $3.41 $3.72 $4.07 17.02% <-IRR #YR-> 5 Earnings per Share 119.45% CDN$
10 year Running Average $0.17 $0.20 $0.25 $0.32 $0.40 $0.51 $0.64 $0.81 $1.01 $1.26 $1.53 $1.81 $2.17 $2.48 $2.83 $3.17 24.21% <-IRR #YR-> 10 5 yr Running Average 774.38% CDN$
* Diluted ESP per share  E/P 10 Yrs 5.62% 5Yrs 6.14% 19.41% <-IRR #YR-> 5 5 yr Running Average 142.79% CDN$
-$0.52 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.15
-$1.89 $0.00 $0.00 $0.00 $0.00 $4.15
-$0.35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.08
-$1.27 $0.00 $0.00 $0.00 $0.00 $3.08
Dividend* estimate in US$ $0.48 $0.52 $0.55 Estimates Dividend* US$
Increase 30.02% 8.33% 5.77% Estimates Increase US$
Payout Ratio EPS 16.67% 16.05% 15.54% Estimates Payout Ratio EPS
Special Dividend  US$, Paid in CDN$ $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividend  US$
Dividend* $0.03 $0.05 $0.05 $0.05 $0.08 $0.10 $0.12 $0.14 $0.16 $0.19 $0.26 $0.31 $0.37 $0.42 $0.42 $0.42 648.61% <-Total Growth 10 Dividends US$
Increase 30.74% 48.64% 5.51% 10.99% 44.79% 21.91% 29.13% 12.41% 11.08% 23.15% 33.66% 20.43% 19.55% 12.84% 0.00% 0.00% 15 1 16 Years of data, Count P, N US$
Average Increases 5 Year Running 24.59% 19.77% 23.69% 28.13% 26.37% 22.47% 23.85% 23.86% 19.54% 21.89% 20.15% 21.58% 21.93% 17.30% 10.56% 23.08% <-Median-> 10 Average Incr 5 Year Running US$
Dividends 5 Yr Running $0.02 $0.03 $0.03 $0.04 $0.05 $0.07 $0.08 $0.10 $0.12 $0.14 $0.17 $0.21 $0.26 $0.31 $0.35 $0.39 648.96% <-Total Growth 10 Dividends 5 Yr Running US$
Yield H/L Price 0.84% 0.81% 0.60% 0.47% 0.46% 0.46% 0.54% 0.59% 0.61% 0.69% 0.81% 0.77% 0.82% 0.83% 0.60% <-Median-> 10 Yield H/L Price US$
Yield on High  Price 0.69% 0.65% 0.49% 0.39% 0.38% 0.41% 0.47% 0.52% 0.51% 0.56% 0.70% 0.67% 0.72% 0.80% 0.51% <-Median-> 10 Yield on High  Price US$
Yield on Low Price 1.08% 1.06% 0.78% 0.60% 0.60% 0.51% 0.62% 0.70% 0.76% 0.91% 0.96% 0.91% 0.95% 0.87% 0.73% <-Median-> 10 Yield on Low Price US$
Yield on Close Price 0.71% 0.66% 0.49% 0.39% 0.41% 0.44% 0.54% 0.65% 0.53% 0.69% 0.76% 0.69% 0.74% 0.81% 0.81% 0.81% 0.59% <-Median-> 10 Yield on Close Price US$
Payout Ratio EPS 9.63% 11.26% 9.64% 7.65% 9.66% 9.20% 11.77% 9.51% 9.59% 9.18% 10.51% 12.25% 12.06% 14.46% 12.86% 11.77% 9.62% <-Median-> 10 DPR EPS US$
DPR EPS 5 Yr Running 10.12% 10.41% 9.87% 9.23% 9.38% 9.30% 9.73% 9.68% 9.89% 9.71% 10.00% 10.37% 10.92% 11.88% 12.50% 12.65% 9.72% <-Median-> 10 DPR EPS 5 Yr Running US$
Payout Ratio CFPS 5.60% 6.57% 4.78% 4.33% 5.24% 5.78% 7.37% 7.32% 5.70% 5.74% 6.77% 8.09% 8.34% 9.14% 8.61% #DIV/0! 6.28% <-Median-> 10 DPR CF US$
DPR CF 5 Yr Running 5.41% 5.80% 5.35% 5.14% 5.15% 5.28% 5.64% 6.15% 6.26% 6.24% 6.45% 6.75% 7.08% 7.74% 8.25% #DIV/0! 6.20% <-Median-> 10 DPR CF 5 Yr Running US$
Payout Ratio CFPS WC 5.52% 7.39% 5.08% 4.71% 6.60% 6.07% 7.43% 6.68% 5.85% 5.74% 6.53% 7.44% 7.77% 9.14% 8.61% #DIV/0! 6.56% <-Median-> 10 DPR CF WC US$
DPR CF WC 5 Yr Running 5.34% 5.86% 5.56% 5.40% 5.76% 5.88% 6.13% 6.41% 6.46% 6.23% 6.34% 6.51% 6.81% 7.44% 7.95% #DIV/0! 6.29% <-Median-> 10 DPR CF WC 5 Yr Running US$
Median Values 10 Yr Med 10 Yr Cl 0.60% 0.59% 5 Yr Med 5 Yr Cl 0.77% 0.69% 5 Yr Med Payout 10.51% 6.77% 6.53% 21.36% <-IRR #YR-> 5 Dividends 163.26% US$
* Dividends per share Pd CDN$ 10 Yr Med and Cur. 33.96% 35.63% 5 Yr Med and Cur. 4.72% 16.43% Last Div Inc ---> 22.30% <-IRR #YR-> 10 Dividends 648.61% US$
Dividends Growth 15 20.88% <-IRR #YR-> 15 Dividends -33.96% US$
Dividends Growth 20 14.73% <-IRR #YR-> 17 Dividends
Dividends Growth 5 -$0.14 $0.00 $0.00 $0.00 $0.00 $0.37 Dividends Growth 5
Dividends Growth 10 -$0.05 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.37 Dividends Growth 10
Dividends Growth 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.37 Dividends Growth 15
Dividends Growth 20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.37 Dividends Growth 20
Historical Dividends Historical High Div 1.19% Low Div 0.38% 10 Yr High 0.96% 10 Yr Low 0.38% Med Div 0.65% Close Div 0.65%
High/Ave/Median Values Curr diff Exp. -32.28%     112.08% Exp. -16.05% 112.08% Cheap 23.99% Cheap 23.78%
Dividend* estimate in CDN$ $0.65 $0.70 $0.74 Estimates Dividend* CDN$
Increase 29.05% 8.33% 5.77% Estimates Increase CDN$
Payout Ratio EPS 16.67% 16.05% 15.54% Estimates Payout Ratio EPS
Pre-split 2014 US$
Special Dividend CDN$, Paid in CDN$ $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividend  CDN$
Pre-split 2014 $0.18 $0.28 $0.30
Pre-split 2019 $0.06 $0.09 $0.10 $0.12 $0.18 $0.25 $0.34 $0.36 $0.43
Dividend* $0.03 $0.05 $0.05 $0.06 $0.09 $0.12 $0.17 $0.18 0.2125 0.2575 $0.315 $0.395 $0.500 $0.560 $0.560 $0.560 900.00% <-Total Growth 10 Dividends CDN$
Increase 24.14% 52.78% 9.09% 20.77% 44.90% 40.00% 36.73% 7.46% 18.06% 21.18% 22.33% 25.40% 26.58% 12.00% 0.00% 0.00% 16 0 16 Years of data, Count P, N CDN$
Average Increases 5 Year Running 21.27% 19.45% 22.07% 30.34% 33.51% 30.30% 29.97% 29.43% 24.69% 21.15% 18.88% 22.71% 21.50% 17.26% 12.80% 27.06% <-Median-> 10 Average Incr 5 Year Running CDN$
Dividends 5 Yr Running $0.02 $0.03 $0.03 $0.04 $0.05 $0.07 $0.10 $0.12 $0.15 $0.19 $0.23 $0.27 $0.34 $0.41 $0.47 $0.52 869.23% <-Total Growth 10 Dividends 5 Yr Running CDN$
Yield H/L Price 0.80% 0.81% 0.60% 0.48% 0.44% 0.45% 0.56% 0.60% 0.63% 0.67% 0.75% 0.79% 0.85% 0.84% 0.62% <-Median-> 10 Yield H/L Price CDN$
Yield on High  Price 0.66% 0.64% 0.50% 0.39% 0.34% 0.39% 0.49% 0.54% 0.52% 0.56% 0.66% 0.68% 0.74% 0.80% 0.53% <-Median-> 10 Yield on High  Price CDN$
Yield on Low Price 1.01% 1.09% 0.77% 0.64% 0.61% 0.54% 0.64% 0.68% 0.81% 0.83% 0.87% 0.96% 1.00% 0.88% 0.75% <-Median-> 10 Yield on Low Price CDN$
Yield on Close Price 0.70% 0.64% 0.50% 0.39% 0.38% 0.45% 0.53% 0.65% 0.54% 0.66% 0.76% 0.69% 0.74% 0.80% 0.80% 0.80% 0.59% <-Median-> 10 Yield on Close Price CDN$
Payout Ratio EPS 9.63% 11.26% 9.64% 7.65% 9.66% 9.20% 11.77% 9.51% 9.59% 9.18% 10.51% 12.25% 12.03% 14.46% 12.86% 11.77% 9.62% <-Median-> 10 DPR EPS CDN$
DPR EPS 5 Yr Running 10.10% 10.38% 9.84% 9.17% 9.34% 9.27% 9.82% 9.74% 9.91% 9.72% 9.99% 10.35% 10.91% 11.89% 12.52% 12.64% 9.78% <-Median-> 10 DPR EPS 5 Yr Running CDN$
Payout Ratio CFPS 5.60% 6.57% 4.78% 4.33% 5.24% 5.78% 7.37% 7.32% 5.70% 5.74% 6.77% 8.09% 8.32% 9.14% 8.61% #DIV/0! 6.28% <-Median-> 10 DPR CF CDN$
DPR CF 5 Yr Running 5.37% 5.76% 5.32% 5.11% 5.12% 5.29% 5.74% 6.23% 6.29% 6.24% 6.43% 6.73% 7.07% 7.75% 8.27% #DIV/0! 6.23% <-Median-> 10 DPR CF 5 Yr Running CDN$
Payout Ratio CFPS WC 5.52% 7.39% 5.08% 4.71% 6.60% 6.07% 7.43% 6.68% 5.85% 5.74% 6.53% 7.44% 7.75% 9.14% 8.61% #DIV/0! 6.56% <-Median-> 10 DPR CF WC CDN$
DPR CF WC 5 Yr Running 5.32% 5.82% 5.53% 5.37% 5.76% 5.88% 6.20% 6.45% 6.46% 6.23% 6.33% 6.49% 6.80% 7.45% 7.97% #DIV/0! 6.28% <-Median-> 10 DPR CF WC 5 Yr Running CDN$
Median Values 10 Yr Med 10 Yr Cl 0.62% 0.59% 5 Yr Med 5 Yr Cl 0.75% 0.69% 5 Yr Med Payout 10.51% 6.77% 6.53% 22.67% <-IRR #YR-> 5 Dividends 177.78% CDN$
* Dividends per share Pd CDN$ 10 Yr Med and Cur. 30.10% 35.36% 5 Yr Med and Cur. 6.67% 16.28% Last Div Inc ---> $0.1100 $0.1400 27.27% 25.89% <-IRR #YR-> 10 Dividends 900.00% CDN$
Dividends Growth 15 23.28% <-IRR #YR-> 15 Dividends 46.20% CDN$
Dividends Growth 20 16.02% <-IRR #YR-> 17 Dividends
Dividends Growth 5 -$0.18 $0.00 $0.00 $0.00 $0.00 $0.50 Dividends Growth 5
Dividends Growth 10 -$0.05 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.50 Dividends Growth 10
Dividends Growth 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.50 Dividends Growth 15
Dividends Growth 20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.50 Dividends Growth 20
Historical Dividends Historical High Div 1.16% Low Div 0.37% 10 Yr High 0.99% 10 Yr Low 0.35% Med Div 0.65% Close Div 0.65% Historical Dividends CDN$
High/Ave/Median Values Curr diff Exp. -30.77%     117.05% Exp. -18.88% 129.46% Cheap 23.55% Cheap 24.48% High/Ave/Median  CDN$
Future Dividend Yield Div Yield 2.23% earning in 5 Years at IRR of 22.67% Div Inc. 177.78% Future Dividend Yield CDN$
Future Dividend Yield Div Yield 6.20% earning in 10 Years at IRR of 22.67% Div Inc. 671.60% Future Dividend Yield CDN$
Future Dividend Yield Div Yield 17.21% earning in 15 Years at IRR of 22.67% Div Inc. 2043.35% Future Dividend Yield CDN$
Future Dividend Yield Div Yield 47.81% earning in 20 Years at IRR of 22.67% Div Inc. 5853.74% Future Dividend Yield CDN$
Future Dividend Paid Div Paid $1.56 earning in 5 Years at IRR of 22.67% Div Inc. 177.78% Future Dividend Paid
Future Dividend Paid Div Paid $4.32 earning in 10 Years at IRR of 22.67% Div Inc. 671.60% Future Dividend Paid
Future Dividend Paid Div Paid $12.00 earning in 15 Years at IRR of 22.67% Div Inc. 2043.35% Future Dividend Paid
Dividend Covering Cost Total Div $4.39 over 5 Years at IRR of 22.67% Div Cov. 6.30% Dividend Covering Cost
Dividend Covering Cost Total Div $15.03 over 10 Years at IRR of 22.67% Div Cov. 21.56% Dividend Covering Cost
Dividend Covering Cost Total Div $44.60 over 15 Years at IRR of 22.67% Div Cov. 63.96% Dividend Covering Cost
I am earning GC sold Div Gr 1580.17% 15/01/04 # yrs -> 10 2004 $3.97 Cap Gain 1656.42% I am earning GC
I am earning Div org yield 0.84% 12/31/14 Pension Div G Yrly 29.34% Div start $0.03 -0.84% 14.11% I am earning Div
Yield if held 5 years 0.83% 1.09% 1.61% 2.75% 3.04% 3.26% 2.95% 2.17% 1.69% 1.29% 1.16% 1.31% 1.67% 1.67% 1.45% 1.34% 1.93% <-Median-> 10 Paid Median Price CDN$
Yield if held 10 years 6.62% 4.61% 4.19% 3.47% 3.35% 3.39% 3.99% 5.79% 9.69% 8.94% 8.38% 6.97% 6.04% 4.45% 2.80% 2.06% 5.92% <-Median-> 10 Paid Median Price CDN$
Yield if held 15 years 30.38% 30.55% 16.81% 16.75% 20.59% 27.03% 16.85% 15.09% 12.22% 9.85% 8.72% 9.41% 16.09% 25.53% 19.43% 14.89% 15.59% <-Median-> 10 Paid Median Price CDN$
Yield if held 20 years 175.67% 144.83% 124.05% 111.64% 60.52% 58.96% 60.59% 69.52% 39.73% 41.92% 32.19% 21.42% 15.50% 65.05% <-Median-> 10 Paid Median Price CDN$
Yield if held 25 years 618.18% 426.21% 318.99% 263.26% 168.11% 155.38% 131.76% 123.59% 318.99% <-Median-> 5 Paid Median Price CDN$
Yield if held 30 years 1629.09% 926.90% 567.09% #NUM! <-Median-> 0 Paid Median Price CDN$
Cost cover if held 5 years 3.25% 3.45% 5.58% 9.59% 9.50% 9.74% 8.60% 7.46% 6.12% 4.71% 4.16% 4.51% 5.60% 6.05% 6.05% 6.15% 6.79% <-Median-> 10 Paid Median Price CDN$
Cost cover if held 10 years 29.61% 18.10% 19.28% 16.69% 14.46% 13.39% 15.07% 25.45% 44.70% 42.12% 39.86% 32.59% 27.76% 22.24% 16.37% 13.62% 26.61% <-Median-> 10 Paid Median Price CDN$
Cost cover if held 15 years 135.86% 119.97% 77.33% 80.57% 88.91% 110.43% 67.17% 71.09% 60.96% 50.41% 44.73% 47.46% 79.50% 137.14% 122.97% 108.34% 69.13% <-Median-> 10 Paid Median Price CDN$
Cost cover if held 20 years 844.76% 625.46% 506.72% 445.13% 285.08% 294.21% 310.09% 360.36% 203.95% 211.94% 177.51% 139.54% 115.99% 335.23% <-Median-> 10 Paid Median Price CDN$
Cost cover if held 25 years 3084.76% 2181.33% 1653.55% 1351.55% 849.95% 856.75% 858.33% 928.64% 1653.55% <-Median-> 5 Paid Median Price CDN$
Cost cover if held 30 years 8982.94% 6037.88% 4261.15% #NUM! <-Median-> 0 Paid Median Price CDN$
Yr  Item Tot. Growth Per Year
Revenue Growth US$ $51,394 $59,118 $54,132 $45,760 $62,810 $71,857 $345,071 39.81% <-Total Growth 5 Revenue Growth US$ 39.81% 6.93%
AEPS Growth $1.30 $1.66 $1.97 $2.45 $2.60 $3.12 $13.10 140.31% <-Total Growth 5 AEPS Growth 140.31% 19.17%
Net Income Growth $2,148 $2,502 $3,159 $3,324 $3,432 $4,197 $18,762 95.36% <-Total Growth 5 Net Income Growth 95.36% 14.33%
Cash Flow Growth $2,163 $3,084 $3,721 $4,087 $3,945 $4,345 $21,344 100.85% <-Total Growth 5 Cash Flow Growth 100.85% 14.97%
Dividend Growth $0.14 $0.16 $0.19 $0.26 $0.31 $0.37 $1.42 163.26% <-Total Growth 5 Dividend Growth 163.26% 21.36%
Stock Price Growth $21.70 $29.49 $27.89 $33.87 $44.61 $49.94 130.14% <-Total Growth 5 Stock Price Growth 130.14% 18.14%
Revenue Growth US$ $35,543 $37,957 $34,530 $34,145 $37,905 $51,394 $59,118 $54,132 $45,760 $62,810 $71,857 $525,150 102.17% <-Total Growth 10 Revenue Growth US$ 102.17% 7.29%
AEPS Growth $0.51 $0.72 $0.90 $1.04 $1.06 $1.30 $1.66 $1.97 $2.45 $2.60 $3.12 $17.32 509.77% <-Total Growth 10 AEPS Growth 509.77% 19.82%
Net Income Growth $581 $895 $1,030 $1,513 $1,623 $2,148 $2,502 $3,159 $3,324 $3,432 $4,197 $24,405 622.62% <-Total Growth 10 Net Income Growth 622.62% 21.87%
Cash Flow Growth $1,161 $1,429 $1,715 $1,888 $1,926 $2,163 $3,084 $3,721 $4,087 $3,945 $4,345 $29,462 274.08% <-Total Growth 10 Cash Flow Growth 274.08% 14.10%
Dividend Growth $0.05 $0.05 $0.08 $0.10 $0.12 $0.14 $0.16 $0.19 $0.26 $0.31 $0.37 $1.8 648.61% <-Total Growth 10 Dividend Growth 648.61% 22.30%
Stock Price Growth $10.10 $14.16 $19.14 $21.89 $23.01 $21.70 $29.49 $27.89 $33.87 $44.61 $49.94 394.46% <-Total Growth 10 Stock Price Growth 394.46% 17.33%
Dividends on Shares $7.43 $10.76 $15.07 $20.60 $22.14 $26.14 $31.67 $38.75 $48.59 $61.50 $68.88 $68.88 $68.88 $282.64 No of Years 10 Total Divs 12/31/12
Paid  $1,003.07 $1,637.75 $2,994.44 $3,745.97 $3,744.12 $4,033.79 $4,176.47 $5,105.73 $5,335.74 $6,519.00 $7,318.50 $8,576.79 $8,576.79 $8,576.79 $7,318.50 No of Years 10 Worth $8.16 122.62
Total $7,601.14
Graham price AEPS $3.43 $4.26 $5.82 $8.28 $9.18 $12.99 $15.09 $17.96 $23.43 $26.88 $30.64 $33.95 $40.71 $38.79 $40.75 $43.77 599.90% <-Total Growth 10 Graham Price AEPS CDN$
Price/GP Ratio Med 1.10 1.33 1.42 1.52 2.18 2.10 2.00 1.67 1.43 1.43 1.37 1.47 1.45 1.72 1.49 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Hi 1.33 1.68 1.73 1.89 2.78 2.45 2.27 1.87 1.75 1.71 1.55 1.72 1.67 1.80 1.81 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Low 0.87 0.98 1.11 1.15 1.57 1.75 1.73 1.47 1.12 1.16 1.18 1.21 1.23 1.64 1.22 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Cl 1.24 1.68 1.71 1.85 2.52 2.12 2.08 1.55 1.69 1.44 1.36 1.68 1.66 1.80 1.71 1.59 1.69 <-Median-> 10 Price/GP Ratio CDN$
Prem/Disc CL 24.37% 67.51% 71.22% 85.06% 151.59% 111.77% 108.04% 54.53% 68.58% 44.49% 35.94% 68.45% 66.11% 79.77% 71.11% 59.31% 68.51% <-Median-> 10 Graham Price CDN$
Graham price net inc/shares $3.48 $4.32 $5.80 $8.29 $8.80 $13.07 $15.10 $19.20 $23.19 $27.85 $30.99 $33.94 $40.90 $33.28 $35.10 $36.53 GP using net inc/# of shares
Graham price EPS $3.43 $4.26 $5.82 $8.28 $8.78 $13.03 $15.08 $19.14 $23.19 $27.69 $30.58 $33.42 $40.31 $38.72 $41.07 $42.93 593.14% <-Total Growth 10 Graham Price CDN$
Price/GP Ratio Med 1.10 1.33 1.42 1.52 2.27 2.09 2.00 1.57 1.44 1.39 1.37 1.49 1.47 1.72 1.50 <-Median-> 10 Price/GP Ratio EPS CDN$
Price/GP Ratio Hi 1.33 1.68 1.73 1.89 2.91 2.44 2.27 1.75 1.76 1.66 1.55 1.75 1.69 1.80 1.76 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Low 0.87 0.98 1.11 1.15 1.64 1.74 1.73 1.38 1.13 1.12 1.19 1.23 1.25 1.64 1.24 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Cl 1.24 1.68 1.71 1.85 2.63 2.11 2.08 1.45 1.70 1.40 1.36 1.71 1.68 1.80 1.70 1.62 1.71 <-Median-> 10 Price/GP Ratio CDN$
Prem/Disc CL 24.37% 67.51% 71.22% 85.06% 162.85% 111.12% 108.21% 44.98% 70.29% 40.29% 36.22% 71.10% 67.73% 80.08% 69.78% 62.43% 70.70% <-Median-> 10 Graham Price CDN$
Month, Year Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Jan-26 27.00 <Count Years> Month, Year
Pre-split 2014 $27.06 $31.70 $48.93
Pre-split 2019 $9.02 $10.57 $16.31 $26.63 $48.69 $60.91 $60.88 $65.59 $67.91
Price Close Dec CDN$ $4.51 $5.28 $8.16 $13.32 $24.35 $30.46 $30.44 $32.80 $33.96 $41.51 $43.38 $53.00 $59.50 $69.73 $69.73 $69.73 629.61% <-Total Growth 10 Stock Price CDN$
Increase 29.97% 17.15% 54.35% 63.27% 82.84% 25.10% -0.05% 7.74% 3.54% 22.25% 4.50% 22.18% 12.26% 17.19% 0.00% 0.00% 18.09 <-Median-> 10 CAPE (10 Yr P/E) CDN$
P/E 14.47 12.98 15.72 16.88 26.89 22.87 21.39 17.32 15.32 14.80 14.47 16.44 14.32 18.01 16.01 14.65 12.65% <-IRR #YR-> 5 Stock Price 81.43% CDN$
Trailing P/E 16.83 16.95 20.04 25.67 30.86 33.64 22.86 23.04 17.93 18.72 15.46 17.68 18.46 16.78 18.01 16.01 21.99% <-IRR #YR-> 10 Stock Price 629.61% CDN$
CAPE (10 Yr P/E) 17.01 16.10 16.00 15.94 18.35 19.40 19.71 19.15 18.55 17.84 17.24 17.20 16.68 16.88 16.43 15.89 13.43% <-IRR #YR-> 5 Price & Dividend 86.55% CDN$
Median 10, 5 Yrs D.  per yr 0.96% 0.78% % Tot Ret 4.20% 3.39% T P/E 20.79 17.93 P/E:  16.66 14.80 22.95% <-IRR #YR-> 10 Price & Dividend 657.79% CDN$
Price 15 D.  per yr 0.88% % Tot Ret 3.87% CAPE Diff -6.69% 21.91% <-IRR #YR-> 15 Stock Price 1851.89% CDN$
Price  20 D.  per yr 0.81% % Tot Ret 3.52% 22.13% <-IRR #YR-> 20 Stock Price 5350.38% CDN$
Price  25 D.  per yr 0.74% % Tot Ret 2.98% 24.09% <-IRR #YR-> 25 Stock Price 21937.04% CDN$
Price  30 D.  per yr 1.10% % Tot Ret 3.38% 31.34% <-IRR #YR-> 30 Stock Price
Price & Dividend 15 22.79% <-IRR #YR-> 15 Price & Dividend 1932.95% CDN$
Price & Dividend 20 22.94% <-IRR #YR-> 20 Price & Dividend 5581.94% CDN$
Price & Dividend 25 24.83% <-IRR #YR-> 25 Price & Dividend 22873.29% CDN$
Price & Dividend 30 32.43% <-IRR #YR-> 30 Price & Dividend
Price  5 -$32.80 $0.00 $0.00 $0.00 $0.00 $59.50 Price  5
Price 10 -$8.16 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $59.50 Price 10
Price & Dividend 5 -$32.80 $0.21 $0.26 $0.32 $0.40 $60.00 Price & Dividend 5
Price & Dividend 10 -$8.16 $0.06 $0.09 $0.12 $0.17 $0.18 $0.21 $0.26 $0.32 $0.40 $60.00 Price & Dividend 10
Price 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $59.50 Price 15
Price  20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $59.50 Price  20
Price  25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $59.50 Price  25
Price  30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $59.50 Price  30
Price & Dividend 15 $0.03 $0.05 $0.05 $0.06 $0.09 $0.12 $0.17 $0.18 $0.21 $0.26 $0.32 $0.40 $60.00 Price & Dividend 15
Price & Dividend 20 $0.03 $0.05 $0.05 $0.06 $0.09 $0.12 $0.17 $0.18 $0.21 $0.26 $0.32 $0.40 $60.00 Price & Dividend 20
Price & Dividend 25 $0.03 $0.05 $0.05 $0.06 $0.09 $0.12 $0.17 $0.18 $0.21 $0.26 $0.32 $0.40 $60.00 Price & Dividend 25
Price & Dividend 30 $0.03 $0.05 $0.05 $0.06 $0.09 $0.12 $0.17 $0.18 $0.21 $0.26 $0.32 $0.40 $60.00 Price & Dividend 30
Month, Year Apr-11 Apr-12 Apr-13 Apr-14 Apr-15 Apr-16 Apr-17 Apr-18 Apr-19 Apr-20 Apr-21 Apr-22 Apr-23 Apr-24 Apr-25 Apr-26 30.00 <Count Years> Month, Year
Pre-split '05
Pre-split 2014 $25.59 $42.85 $59.75
Pre-split 2019 $8.53 $14.28 $19.92 $30.65 $46.18 $55.00 $62.78 $55.51 $78.99
Price Close Apr CDN$ $4.27 $7.14 $9.96 $15.33 $23.09 $27.50 $31.39 $27.76 $39.50 $38.84 $41.65 $57.19 $67.62 $69.73 $69.73 $69.73 579.03% <-Total Growth 10 Stock Price CDN$
Increase 41.15% 67.45% 39.44% 53.89% 50.67% 19.10% 14.15% -11.58% 42.30% -1.66% 7.23% 37.31% 18.24% 3.12% 0.00% 0.00% 36.75 <-Median-> 10 CAPE (10 Yr P/E) CDN$
P/E 13.68 17.55 19.20 19.43 25.50 20.65 22.05 14.66 17.82 13.84 13.89 17.74 16.27 18.01 16.01 14.65 21.11% <-IRR #YR-> 10 Stock Price 579.03% CDN$
Trailing P/E 15.92 22.91 24.47 29.54 29.27 30.37 23.58 19.50 20.86 17.52 14.85 19.08 20.98 16.78 18.01 16.01 19.49% <-IRR #YR-> 5 Stock Price 143.63% CDN$
CAPE (10 Yr P/E) 25.31 34.98 39.88 47.66 58.32 53.76 49.32 34.25 39.24 30.82 27.24 31.59 31.10 28.09 24.66 22.00 21.93% <-IRR #YR-> 10 Price & Dividend 149.68% CDN$
Median 10, 5 Yrs D.  per yr 0.82% 0.81% % Tot Ret 3.72% 3.99% T P/E 20.92 19.08 P/E:  17.78 16.27 20.30% <-IRR #YR-> 5 Price & Dividend 602.10% CDN$
CAPE Diff -23.56%
-$9.96 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $67.62
-$27.76 $0.00 $0.00 $0.00 $0.00 $67.62
-$9.96 $0.06 $0.09 $0.12 $0.17 $0.18 $0.21 $0.26 $0.32 $0.40 $68.12
-$27.76 $0.21 $0.26 $0.32 $0.40 $68.12
Price Med H/L CDN$ $3.76 $5.67 $8.28 $12.58 $19.98 $27.22 $30.17 $29.98 $33.51 $38.53 $41.84 $49.78 $59.08 $66.61 613.74% <-Total Growth 10 Stock Price CDN$
Increase 30.48% 50.80% 45.99% 51.95% 58.84% 36.24% 10.84% -0.63% 11.79% 14.97% 8.59% 18.98% 18.68% 12.74% 21.72% <-IRR #YR-> 10 Stock Price 613.74% CDN$
P/E 12.06 13.93 15.96 15.94 22.06 20.44 21.20 15.83 15.12 13.73 13.96 15.44 14.22 17.20 14.53% <-IRR #YR-> 5 Stock Price 97.08% CDN$
Trailing P/E 14.03 18.19 20.34 24.24 25.32 30.06 22.66 21.06 17.70 17.38 14.91 16.61 18.33 16.03 22.68% <-IRR #YR-> 10 Price & Dividend 102.69% CDN$
P/E on Run. 5 yr Ave 16.16 20.29 23.50 27.41 34.07 34.44 30.36 23.63 21.56 19.92 18.45 18.95 19.18 19.53 15.35% <-IRR #YR-> 5 Price & Dividend 641.50% CDN$
P/E on Run. 10 yr Ave 22.31 27.77 33.15 39.12 50.46 53.21 47.40 36.99 33.30 30.57 27.37 27.50 27.18 26.83 15.95 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs D.  per yr 0.96% 0.82% % Tot Ret 4.23% 5.34% T P/E 19.69 17.38 P/E:  15.64 14.22 Count 28 Years of data
-$8.28 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $59.08
-$29.98 $0.00 $0.00 $0.00 $0.00 $59.08
-$8.28 $0.06 $0.09 $0.12 $0.17 $0.18 $0.21 $0.26 $0.32 $0.40 $59.58
-$29.98 $0.21 $0.26 $0.32 $0.40 $59.58
Month Oct 10 Apr 12 Apr 13 Mar 14 Apr 15 Dec 15 Aug 16 Dec 17 Apr 19 Feb 20 Jul 20 Apr 22 Mar 23 Aug 23
Pre-split '05
Pre-split 2014 $27.30 $42.85 $60.51
Pre-split 2019 $9.10 $14.28 $20.17 $31.31 $51.06 $63.53 $68.37 $67.15 $81.80
Price High CDN$ $4.55 $7.14 $10.09 $15.66 $25.53 $31.77 $34.19 $33.58 $40.90 $45.96 $47.39 $58.39 $67.95 $69.73 573.77% <-Total Growth 10 Stock Price CDN$
Increase 24.89% 56.96% 41.21% 55.23% 63.08% 24.42% 7.62% -1.78% 21.82% 12.37% 3.11% 23.21% 16.37% 2.62% 21.02% <-IRR #YR-> 10 Stock Price 573.77% CDN$
P/E 14.60 17.55 19.44 19.85 28.20 23.86 24.02 17.73 18.45 16.38 15.81 18.11 16.35 18.01 15.14% <-IRR #YR-> 5 Stock Price 102.38% CDN$
Trailing P/E 16.98 22.91 24.78 30.18 32.36 35.08 25.68 23.59 21.60 20.73 16.89 19.48 21.08 16.78 19.64 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs T P/E 22.60 20.73 P/E:  18.28 16.38 25.81 P/E Ratio Historical High CDN$
-$10.09 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $67.95
-$33.58 $0.00 $0.00 $0.00 $0.00 $67.95
Month May 10 May 11 May 12 Aug 13 Jul 14 May 15 Jun 16 Apr 18 May 18 Mar 20 Jan 21 May 21 Jun 22 Jun 23
Pre-split '05
Pre-split 2014 $17.82 $25.19 $38.82
Pre-split 2019 $5.94 $8.40 $12.94 $19.00 $28.85 $45.34 $52.30 $52.76 $52.25
Price Low CDN$ $2.97 $4.20 $6.47 $9.50 $14.43 $22.67 $26.15 $26.38 $26.13 $31.10 $36.29 $41.17 $50.21 $63.48 676.04% <-Total Growth 10 Stock Price CDN$
Increase 40.09% 41.36% 54.11% 46.83% 51.84% 57.16% 15.35% 0.88% -0.97% 19.04% 16.69% 13.45% 21.96% 26.43% 22.74% <-IRR #YR-> 10 Stock Price 676.04% CDN$
P/E 9.53 10.32 12.47 12.04 15.93 17.03 18.37 13.93 11.78 11.09 12.11 12.77 12.08 16.40 13.74% <-IRR #YR-> 5 Stock Price 90.33% CDN$
Trailing P/E 11.08 13.47 15.90 18.31 18.29 25.04 19.64 18.53 13.80 14.03 12.94 13.73 15.58 15.28 12.49 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs T P/E 16.93 13.80 P/E:  12.44 12.08 10.47 P/E Ratio Historical Low CDN$
-$6.47 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $50.21
-$26.38 $0.00 $0.00 $0.00 $0.00 $50.21
Dec price CDN$ to US$ $4.53 $5.20 $8.20 $12.52 $20.99 $21.99 $22.67 $26.14 $24.89 $31.96 $34.07 $41.80 $43.93 $51.87 $51.87 $51.87 Dec price CDN$ to US$ CDN$
Month, Year US$ Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Jan-26 21.00 <Count Years> Month, Year
Pre-split '05
Pre-split 2014 $25.59 $42.85 $59.75
Pre-split 2019 $8.87 $14.25 $20.20 $28.31 $38.27 $43.78 $46.02 $43.40 $58.98
Price Close Dec US$ $4.54 $5.19 $8.13 $12.62 $20.94 $22.01 $22.65 $26.14 $24.84 $31.51 $34.20 $41.90 $44.01 $51.69 $51.69 $51.69 441.33% <-Total Growth 10 Stock Price US$
Increase 41.43% 14.32% 56.65% 55.23% 65.93% 5.11% 2.91% 15.41% -4.97% 26.85% 8.54% 22.53% 5.02% 17.45% 0.00% 0.00% 17.76 <-Median-> 10 CAPE (10 Yr P/E) US$
P/E 13.58 17.17 19.74 19.80 23.34 20.85 21.71 14.71 18.15 13.34 13.88 17.70 16.32 17.95 15.95 14.60 10.98% <-IRR #YR-> 5 Stock Price 441.33% US$
Trailing P/E 17.03 15.89 19.59 24.66 29.29 26.84 21.57 24.66 16.84 19.39 16.36 17.17 17.46 16.89 17.95 15.95 18.40% <-IRR #YR-> 10 Stock Price 68.36% US$
CAPE (10 Yr P/E) 16.86 15.85 15.68 15.78 17.82 18.39 18.82 18.58 18.18 17.70 17.07 17.12 16.66 16.82 16.35 15.89 11.75% <-IRR #YR-> 5 Price & Dividend 92.44% US$
Median 10, 5 Yrs D.  per yr 0.88% 0.77% % Tot Ret 7.45% 3.99% T P/E 20.48 17.17 P/E:  17.93 16.32 19.27% <-IRR #YR-> 10 Price & Dividend 548.00% US$
Price 15 D.  per yr 0.88% % Tot Ret 4.24% CAPE Diff -5.30% 19.85% <-IRR #YR-> 15 Stock Price 1412.37% US$
Price  20 D.  per yr 0.80% % Tot Ret 3.83% 20.17% <-IRR #YR-> 20 Stock Price 3847.09% US$
Price  25 D.  per yr 0.66% % Tot Ret 3.09% 20.69% <-IRR #YR-> 25 Stock Price 10902.50% US$
Price  30 D.  per yr 1.16% % Tot Ret 3.73% 30.03% <-IRR #YR-> 30 Stock Price US$
Price & Dividend 15 20.73% <-IRR #YR-> 15 Price & Dividend 1738.01% US$
Price & Dividend 20 20.98% <-IRR #YR-> 20 Price & Dividend 4718.42% US$
Price & Dividend 25 21.35% <-IRR #YR-> 25 Price & Dividend 13337.79% US$
Price & Dividend 30 31.19% <-IRR #YR-> 30 Price & Dividend -87.10% US$
Price  5 -$26.14 $0.00 $0.00 $0.00 $0.00 $44.01 Price  5
Price 10 -$8.13 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $44.01 Price 10
Price & Dividend 5 -$26.14 $0.16 $0.19 $0.26 $0.31 $44.38 Price & Dividend 5
Price & Dividend 10 -$8.13 $0.05 $0.08 $0.10 $0.12 $0.14 $0.16 $0.19 $0.26 $0.31 $44.38 Price & Dividend 10
Price  15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $44.01 Price  15
Price  20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $44.01 Price  20
Price  25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $44.01 Price  25
Price  30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $44.01 Price  30
Price & Dividend 15 $0.03 $0.05 $0.05 $0.05 $0.08 $0.10 $0.12 $0.14 $0.16 $0.19 $0.26 $0.31 $44.38 Price & Dividend 15
Price & Dividend 20 $0.03 $0.05 $0.05 $0.05 $0.08 $0.10 $0.12 $0.14 $0.16 $0.19 $0.26 $0.31 $44.38 Price & Dividend 20
Price & Dividend 25 $0.03 $0.05 $0.05 $0.05 $0.08 $0.10 $0.12 $0.14 $0.16 $0.19 $0.26 $0.31 $44.38 Price & Dividend 25
Price & Dividend 30 $0.03 $0.05 $0.05 $0.05 $0.08 $0.10 $0.12 $0.14 $0.16 $0.19 $0.26 $0.31 $44.38 Price & Dividend 30
Stock Prices CDN$ to US$ $4.47 $7.28 $9.82 $13.89 $20.91 $21.69 $23.38 $21.62 $28.95 $28.94 $33.90 $44.71 $49.80 $51.87 $51.87 $51.87 Stock Prices CDN$ to US$ CDN$
Month, Year US$ Apr-11 Apr-12 Apr-13 Apr-14 Apr-15 Apr-16 Apr-17 Apr-18 Apr-19 Apr-20 Apr-21 Apr-22 Apr-23 Apr-24 Apr-25 Apr-26 30.00 <Count Years> Month, Year
Pre-split '05
Pre-split 2014 $25.59 $42.85 $59.75
Pre-split 2019 $8.87 $14.25 $20.20 $28.31 $38.27 $43.78 $46.02 $43.40 $58.98
Price Close Apr US$ $4.44 $7.13 $10.10 $14.16 $19.14 $21.89 $23.01 $21.70 $29.49 $27.89 $33.87 $44.61 $49.94 $51.69 $51.69 $51.69 394.46% <-Total Growth 10 Stock Price US$
Increase 45.17% 60.65% 41.75% 40.15% 35.18% 14.40% 5.12% -5.69% 35.90% -5.43% 21.44% 31.71% 11.95% 3.50% 0.00% 0.00% 18.08 <-Median-> 10 CAPE (10 Yr P/E) US$
P/E 13.58 17.17 19.74 19.80 23.34 20.85 21.71 14.71 18.15 13.34 13.88 17.70 16.32 17.95 15.95 14.60 18.14% <-IRR #YR-> 5 Stock Price 394.46% US$
Trailing P/E 16.63 21.81 24.34 27.66 26.76 26.70 21.91 20.47 19.99 17.16 16.21 18.28 19.82 16.89 17.95 15.95 17.33% <-IRR #YR-> 10 Stock Price 130.14% US$
CAPE (10 Yr P/E) 16.51 16.22 16.81 17.16 18.51 18.85 19.30 18.42 18.64 17.74 17.08 17.18 16.95 16.99 16.59 16.11 18.95% <-IRR #YR-> 5 Price & Dividend 136.05% US$
Median 10, 5 Yrs D.  per yr 0.81% 0.74% % Tot Ret 4.27% 4.07% T P/E 20.23 18.28 P/E:  17.93 16.32 18.07% <-IRR #YR-> 10 Price & Dividend 412.05% US$
Price 15 D.  per yr 0.96% % Tot Ret 3.98% CAPE Diff -6.01% 23.12% <-IRR #YR-> 15 Stock Price 2164.85% US$
Price  20 D.  per yr 0.75% % Tot Ret 3.46% 20.94% <-IRR #YR-> 20 Stock Price 4378.92% US$
Price  25 D.  per yr 0.61% % Tot Ret 2.79% 21.30% <-IRR #YR-> 25 Stock Price 12385.00% US$
Price  30 D.  per yr 1.08% % Tot Ret 3.41% 30.57% <-IRR #YR-> 30 Stock Price US$
Price & Dividend 15 24.08% <-IRR #YR-> 15 Price & Dividend 2253.23% US$
Price & Dividend 20 21.69% <-IRR #YR-> 20 Price & Dividend 4558.44% US$
Price & Dividend 25 21.91% <-IRR #YR-> 25 Price & Dividend 12885.40% US$
Price & Dividend 30 31.65% <-IRR #YR-> 30 Price & Dividend
Price  5 -$21.70 $0.00 $0.00 $0.00 $0.00 $49.94 Price  5
Price 10 -$10.10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $49.94 Price 10
Price & Dividend 5 -$21.70 $0.16 $0.19 $0.26 $0.31 $50.31 Price & Dividend 5
Price & Dividend 10 -$10.10 $0.05 $0.08 $0.10 $0.12 $0.14 $0.16 $0.19 $0.26 $0.31 $50.31 Price & Dividend 10
Price  15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $49.94 Price  15
Price  20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $49.94 Price  20
Price  25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $49.94 Price  25
Price  30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $49.94 Price  30
Price & Dividend 15 $0.03 $0.05 $0.05 $0.05 $0.08 $0.10 $0.12 $0.14 $0.16 $0.19 $0.26 $0.31 $50.31 Price & Dividend 15
Price & Dividend 20 $0.03 $0.05 $0.05 $0.05 $0.08 $0.10 $0.12 $0.14 $0.16 $0.19 $0.26 $0.31 $50.31 Price & Dividend 20
Price & Dividend 25 $0.03 $0.05 $0.05 $0.05 $0.08 $0.10 $0.12 $0.14 $0.16 $0.19 $0.26 $0.31 $50.31 Price & Dividend 25
Price & Dividend 30 $0.03 $0.05 $0.05 $0.05 $0.08 $0.10 $0.12 $0.14 $0.16 $0.19 $0.26 $0.31 $50.31 Price & Dividend 30
Price Med H/L US$ $3.74 $5.80 $8.20 $11.59 $17.15 $21.21 $23.20 $23.67 $25.51 $27.84 $31.59 $40.13 $45.04 $50.03 449.63% <-Total Growth 10 Stock Price US$
Increase 42.02% 55.29% 41.29% 41.43% 47.93% 23.71% 9.38% 2.03% 7.75% 9.16% 13.47% 27.02% 12.26% 11.06% 18.58% <-IRR #YR-> 10 Stock Price 449.63% US$
P/E 11.43 13.98 16.02 16.21 20.91 20.20 21.89 16.05 15.70 13.32 12.95 15.92 14.72 17.37 13.73% <-IRR #YR-> 5 Stock Price 90.29% US$
Trailing P/E 14.01 17.76 19.75 22.65 23.98 25.87 22.10 22.33 17.29 17.13 15.11 16.44 17.87 16.35 19.67% <-IRR #YR-> 10 Price & Dividend 1390.13% US$
P/E on Run. 5 yr Ave 16.70 21.07 23.62 25.93 30.74 30.20 27.91 23.12 21.15 19.07 18.18 19.77 19.19 19.26 14.79% <-IRR #YR-> 5 Price & Dividend 7172.50% US$
P/E on Run. 10 yr Ave 24.34 30.25 34.37 38.03 45.88 45.81 41.93 34.53 30.86 27.60 25.89 28.05 26.72 26.30 15.81 P/E Ratio Historical Median US$
Median 10, 5 Yrs D.  per yr 1.10% 1.05% % Tot Ret 5.57% 7.13% T P/E 19.98 17.13 P/E:  15.99 14.72 Count 14 Years of data
-$8.20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $45.04
-$23.67 $0.00 $0.00 $0.00 $0.00 $45.04
-$8.20 $0.06 $0.09 $0.12 $0.17 $0.18 $0.21 $0.26 $0.32 $0.40 $45.54
-$23.67 $0.21 $0.26 $0.32 $0.40 $45.54
Month Feb 11 Apr 12 Apr 13 Apr 14 Dec 14 Dec 15 Aug 16 Jan 18 Apr 19 Feb 20 Dec 20 Apr 22 Apr 23 Jul 23
Price High US$ $4.57 $7.18 $10.10 $14.12 $20.98 $23.63 $26.42 $27.17 $30.57 $34.49 $36.38 $46.25 $51.11 $52.02 406.04% <-Total Growth 10 Stock Price US$
Increase 34.02% 57.11% 40.67% 39.80% 48.58% 12.63% 11.81% 2.84% 12.51% 12.82% 5.48% 27.13% 10.51% 1.78% 17.60% <-IRR #YR-> 10 Stock Price 406.04% US$
P/E 13.99 17.30 19.74 19.75 25.59 22.50 24.92 18.42 18.81 16.50 14.91 18.35 16.70 18.06 13.47% <-IRR #YR-> 5 Stock Price 88.11% US$
Trailing P/E 17.14 21.98 24.34 27.60 29.34 28.82 25.16 25.63 20.73 21.22 17.41 18.95 20.28 17.00 18.39 P/E Ratio Historical Median US$
Median 10, 5 Yrs T P/E 23.19 20.28 P/E:  18.62 16.70 22.50 P/E Ratio Historical High US$
-$10.10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $51.11
-$27.17 $0.00 $0.00 $0.00 $0.00 $51.11
Month Jul 10 May 11 May 12 Aug 13 Jun 14 May 15 Jun 16 Apr 18 May 18 Mar 20 May 20 May 21 Jun 22 May 23
Price Low US$ $2.90 $4.42 $6.29 $9.06 $13.31 $18.79 $19.98 $20.17 $20.44 $21.19 $26.80 $34.00 $38.98 $48.03 519.63% <-Total Growth 10 Stock Price US$
Increase 56.76% 52.41% 42.31% 44.04% 46.91% 41.17% 6.33% 0.95% 1.34% 3.67% 26.47% 26.87% 14.63% 23.23% 20.01% <-IRR #YR-> 10 Stock Price 519.63% US$
P/E 8.88 10.65 12.29 12.67 16.23 17.90 18.85 13.67 12.58 10.14 10.98 13.49 12.74 16.68 14.08% <-IRR #YR-> 5 Stock Price 93.23% US$
Trailing P/E 10.88 13.53 15.16 17.71 18.62 22.91 19.03 19.03 13.86 13.04 12.82 13.93 15.47 15.70 12.62 P/E Ratio Historical Median US$
Median 10, 5 Yrs T P/E 16.59 13.86 P/E:  13.11 12.58 10.14 P/E Ratio Historical Low US$
-$6.29 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $38.98
-$20.17 $0.00 $0.00 $0.00 $0.00 $38.98
Adj. Free Cash Flow Company US$ $858 $1,016 $1,024 $914 $1,273 $1,844 $2,340 $2,330 $2,203 $2,378 177.20% <-Total Growth 9 Free Cash Flow WSJ CDN$
Change 18.43% 0.75% -10.71% 39.33% 44.83% 26.90% -0.42% -5.46% -5.10% $0.01 <-Median-> 9 Change
Free Cash Flow WSJ CDN$ $1,293 $1,227 $1,270 $2,553 $3,090 $3,751 $2,862 $3,379 161.33% <-Total Growth 7 Free Cash Flow WSJ CDN$ WSJ, MS CDN$
Change -5.10% 3.50% 101.02% 21.03% 21.39% -23.70% 18.06% $0.18 <-Median-> 7 Change Disagree CDN$
Free Cash Flow WSJ US$ $1,319 $1,210 $1,151 $2,312 $2,437 $2,794 $2,230 $2,477 87.86% <-Total Growth 7 Free Cash Flow WSJ US$
Change -8.22% -4.88% 100.86% 5.40% 14.64% -20.19% 11.09% $0.05 <-Median-> 7 Change
Free Cash Flow MS $388 $447 $624 $900 $1,080 $982 $931 $994 $1,939 $2,313 $4,087 $2,280 $2,541 $2,599 $2,702 $2,770 307.21% <-Total Growth 10 Free Cash Flow US$
Change 15.21% 39.60% 44.23% 20.00% -9.07% -5.19% 6.77% 95.07% 19.29% 76.70% -44.21% 11.45% 2.28% 3.96% 2.52% 20.65% <-IRR #YR-> 5 Free Cash Flow MS 155.63% US$
FCF/CF from Op Ratio 0.63 0.59 0.54 0.63 0.63 0.52 0.48 0.46 0.63 0.62 1.00 0.58 0.58 0.58 0.57 #DIV/0! 15.08% <-IRR #YR-> 10 Free Cash Flow MS 307.21% US$
Dividends paid $34.6 $50.2 $55.5 $61.9 $86.9 $104.1 $145.30 $109.85 $181.30 $215.70 $268.3 $318.9 $362.3 $408.8 $408.8 $408.8 552.75% <-Total Growth 10 Dividends paid US$
Percentage paid 10.60% 15.61% 11.05% 9.35% 9.33% 6.56% 13.99% 14.26% 15.73% 15.13% 14.76% $0.11 <-Median-> 8 Percentage paid US$
5 Year Coverage 10.56% 8.97% 9.42% 10.23% 11.39% 12.44% 14.80% 5 Year Coverage US$
Dividend Coverage Ratio 9.43 6.41 9.05 10.69 10.72 15.23 7.15 7.01 6.36 6.61 6.78 9.24 <-Median-> 8 Dividend Coverage Ratio US$
5 Year of Coverage 9.47 11.15 10.61 9.77 8.78 8.04 6.76 5 Year of Coverage US$
-$994 $0 $0 $0 $0 $2,541
-$624 $0 $0 $0 $0 $0 $0 $0 $0 $0 $2,541
Market Cap US$ $4,885 $7,655 $11,367 $16,016 $21,713 $24,718 $26,160 $24,487 $33,289 $31,033 $36,566 $46,078 $49,006 $50,723 $50,723 $50,723 331.14% <-Total Growth 10 Market Cap  US$
Market Cap CDN$ $4,698 $7,672 $11,207 $17,340 $26,201 $31,052 $35,687 $31,320 $44,583 $43,217 $44,966 $59,072 $66,356 $68,426 $68,426 $68,426 492.08% <-Total Growth 10 Market Cap CDN$
pre-split '02
pre-split '03
pre-split '05
pre-split '14 188.21 183.59
Pre-split 2019 564.64 550.78 560.57 568.14 568.71 569.20 569.29 566.88 565.06
Diluted # of Shares in Million 1129.28 1101.56 1121.13 1136.28 1137.42 1138.39 1138.59 1133.76 1130.11 1124.5 1106.7 1063.5 1009.5 1009.50 -9.96% <-Total Growth 10 Diluted
Change -0.28% -2.46% 1.78% 1.35% 0.10% 0.09% 0.02% -0.42% -0.32% -0.50% -1.58% -3.90% -5.08% 0.00% -0.37% <-Median-> 10 Change
Difference Diluted/Basic -1.9% -1.7% -1.0% -0.6% -0.5% -0.3% -0.3% -0.1% -0.1% -0.1% -0.1% -0.1% -0.2% -0.2% -0.16% <-Median-> 10 Difference Diluted/Basic
pre-split '02
pre-split '03
pre-split '05
pre-split '14 184.64 180.42 185.03
Pre-split 2019 553.92 541.26 555.09 564.51 566.01 567.43 567.86 566.09 564.29
Basic # of Shares in Millions 1107.84 1082.52 1110.18 1129.02 1132.03 1134.85 1135.73 1132.18 1128.58 1123.3 1105.3 1062.0 1007.7 1007.70 -9.23% <-Total Growth 10 Average
Change 0.22% -2.29% 2.56% 1.70% 0.27% 0.25% 0.08% -0.31% -0.32% -0.47% -1.60% -3.92% -5.11% 0.00% -0.32% <-Median-> 10 Change
Difference Basic/Outstanding -0.6% -0.8% 1.4% 0.2% 0.2% -0.5% 0.1% -0.3% 0.0% -0.9% -2.3% -2.7% -2.6% -2.6% -0.42% <-Median-> 10 Difference Basic/Outstanding
Class A Multiple Voting
Class B Subordinate Voting
pre-split '02
Class A Multiple Voting
Class B Subordinate Voting
pre-split '03
Class A Multiple Voting
Class B Subordinate Voting
pre-split '05
Class A Multiple Voting 53.69 53.69 49.37
Class B Subordinate Voting 129.90 125.37 138.20
pre-split '14 183.59 179.05 187.57
Class A Multiple Voting 161.08 161.06 148.10 148.10 148.10 147.77 147.77 132.02 126.91
Class B Subordinate Voting 389.70 376.10 414.61 417.65 419.26 416.82 420.68 432.19 437.50
pre-split '19 550.78 537.16 562.71 565.75 567.36 564.59 568.45 564.22 564.41
Class A  - now Common Shares 322.17 322.12 296.20 296.20 296.20 295.53 295.53 264.05 253.818 253.804 253.803 -100.00% <-Total Growth Class A Multiple Voting
Class B Subordinate Voting Cancelled 779.39 752.20 829.21 835.29 838.52 833.65 841.37 864.39 875.004 858.888 825.809 -100.00% <-Total Growth Class B Subordinate Voting
# of Shares in Millions 1101.56 1074.32 1125.42 1131.50 1134.73 1129.18 1136.90 1128.44 1128.822 1112.692 1079.612 1032.9 981.3 981.300 981.300 981.300 -1.36% <-IRR #YR-> 10 Shares -12.81%
Change -0.03% -2.47% 4.76% 0.54% 0.29% -0.49% 0.68% -0.74% 0.03% -1.43% -2.97% -4.33% -5.00% 0.00% 0.00% 0.00% -2.76% <-IRR #YR-> 5 Shares -13.04%
CF fr Op $M US$ $618.90 $763.80 $1,161.4 $1,429.3 $1,714.5 $1,887.9 $1,925.5 $2,163.1 $3,083.6 $3,720.7 $4,086.6 $3,944.9 $4,344.6 $4,474.7 $4,749.5 274.08% <-Total Growth 10 Cash Flow US$
Increase 26.10% 23.41% 52.06% 23.07% 19.95% 10.11% 1.99% 12.34% 42.55% 20.66% 9.83% -3.47% 10.13% 3.00% 6.14% SO, S. Iss Buy Backs Conv A to B s.
5 year Running Average $475.1 $547.2 $707.5 $892.8 $1,137.6 $1,391.4 $1,623.7 $1,824.1 $2,154.9 $2,556.2 $2,995.9 $3,399.8 $3,836.1 $4,114.3 $4,320.1 442.17% <-Total Growth 10 CF 5 Yr Running US$
CFPS US$ $0.56 $0.71 $1.03 $1.26 $1.51 $1.67 $1.69 $1.92 $2.73 $3.34 $3.79 $3.82 $4.43 $4.56 $4.84 329.02% <-Total Growth 10 Cash Flow per Share US$
Increase 26.14% 26.54% 45.15% 22.41% 19.61% 10.65% 1.30% 13.18% 42.51% 22.41% 13.20% 0.90% 15.92% 3.00% 6.14% 14.10% <-IRR #YR-> 10 Cash Flow 274.08% US$
5 year Running Average $0.42 $0.49 $0.64 $0.80 $1.02 $1.24 $1.43 $1.61 $1.91 $2.27 $2.69 $3.12 $3.62 $3.99 $4.29 14.97% <-IRR #YR-> 5 Cash Flow 100.85% US$
P/CF on Med Price 6.65 8.16 7.94 9.18 11.35 12.69 13.70 12.35 9.34 8.33 8.35 10.51 10.17 10.97 0.00 15.68% <-IRR #YR-> 10 Cash Flow per Share 329.02% US$
P/CF on Closing Price 7.89 10.02 9.79 11.21 12.66 13.09 13.59 11.32 10.80 8.34 8.95 11.68 11.28 11.34 10.68 18.23% <-IRR #YR-> 5 Cash Flow per Share 130.97% US$
9.63% Diff M/C 18.94% <-IRR #YR-> 10 CFPS 5 yr Running 466.42% US$
Excl.Working Capital CF $8.70 -$84.70 -$68.9 -$114.6 -$351.6 -$89.6 -$16.3 $206.7 -$79.5 -$0.6 $155.0 $340.5 $315.4 $0.0 $0.0 17.58% <-IRR #YR-> 5 CFPS 5 yr Running 124.75% US$
CF fr Op $M WC US$ $627.6 $679.1 $1,092.5 $1,314.7 $1,362.9 $1,798.3 $1,909.2 $2,369.8 $3,004.1 $3,720.1 $4,241.6 $4,285.4 $4,660.0 $4,474.7 $4,749.5 326.54% <-Total Growth 10 Cash Flow less WC US$
Increase 17.16% 8.21% 60.87% 20.34% 3.67% 31.95% 6.17% 24.13% 26.77% 23.83% 14.02% 1.03% 8.74% -3.98% 6.14% 15.61% <-IRR #YR-> 10 Cash Flow less WC 326.54% US$
5 year Running Average $481.0 $542.4 $681.5 $849.9 $1,015.4 $1,249.5 $1,495.5 $1,751.0 $2,088.9 $2,560.3 $3,049.0 $3,524.2 $3,982.2 $4,276.4 $4,482.2 14.48% <-IRR #YR-> 5 Cash Flow less WC 96.64% US$
CFPS Excl. WC US$ $0.57 $0.63 $0.97 $1.16 $1.20 $1.59 $1.68 $2.10 $2.66 $3.34 $3.93 $4.15 $4.75 $4.56 $4.84 19.31% <-IRR #YR-> 10 CF less WC 5 Yr Run 484.30% US$
Increase 17.19% 10.95% 53.57% 19.69% 3.37% 32.59% 5.45% 25.06% 26.72% 25.63% 17.51% 5.60% 14.46% -3.98% 6.14% 17.86% <-IRR #YR-> 5 CF less WC 5 Yr Run 127.43% US$
5 year Running Average $0.42 $0.49 $0.62 $0.76 $0.91 $1.11 $1.32 $1.55 $1.85 $2.28 $2.74 $3.24 $3.77 $4.15 $4.45 17.21% <-IRR #YR-> 10 CFPS - Less WC 389.19% US$
P/CF on Med Price 6.56 9.18 8.44 9.97 14.27 13.32 13.82 11.27 9.58 8.33 8.04 9.67 9.49 10.97 0.00 17.73% <-IRR #YR-> 5 CFPS - Less WC 126.13% US$
P/CF on Closing Price 7.78 11.27 10.40 12.18 15.93 13.75 13.70 10.33 11.08 8.34 8.62 10.75 10.52 11.34 10.68 19.85% <-IRR #YR-> 10 CFPS 5 yr Running 511.65% US$
CF/-WC P/CF Med 10 yr 10.34 5 yr  9.34 P/CF Med 10 yr 9.82 5 yr  9.49 15.40% Diff M/C 19.48% <-IRR #YR-> 5 CFPS 5 yr Running 143.46% US$
CF fr Op $M CDN$ $590.49 $749.02 $1,177.6 $1,576.9 $1,893.2 $2,393.9 $2,585.4 $2,776.6 $4,206.6 $4,994.3 $5,020.4 $5,046.3 $5,899.1 $6,015.4 $6,384.7 400.95% <-Total Growth 10 Cash Flow CDN$
Increase 19.74% 26.85% 57.21% 33.92% 20.05% 26.45% 8.00% 7.39% 51.51% 18.72% 0.52% 0.52% 16.90% 1.97% 6.14% SO, S. Iss Buy Backs Conv A to B s. CDN$
5 year Running Average $498.1 $558.7 $721.6 $917.4 $1,197.4 $1,558.1 $1,925.4 $2,245.2 $2,771.1 $3,391.3 $3,916.7 $4,408.8 $5,033.3 $5,395.1 $5,673.2 597.50% <-Total Growth 10 CF 5 Yr Running CDN$
CFPS CDN$ $0.54 $0.70 $1.05 $1.39 $1.67 $2.12 $2.27 $2.46 $3.73 $4.49 $4.65 $4.89 $6.01 $6.13 $6.51 474.53% <-Total Growth 10 Cash Flow per Share CDN$
Increase 19.77% 30.06% 50.08% 33.20% 19.71% 27.07% 7.27% 8.20% 51.45% 20.44% 3.60% 5.06% 23.05% 1.97% 6.14% 17.48% <-IRR #YR-> 10 Cash Flow 400.95% CDN$
5 year Running Average $0.44 $0.50 $0.65 $0.82 $1.07 $1.39 $1.70 $1.98 $2.45 $3.01 $3.52 $4.04 $4.75 $5.23 $5.64 16.27% <-IRR #YR-> 5 Cash Flow 112.46% CDN$
P/CF on Med Price 7.01 8.13 7.91 9.02 11.97 12.84 13.27 12.18 8.99 8.58 9.00 10.19 9.83 0.02 0.00 19.11% <-IRR #YR-> 10 Cash Flow per Share 474.53% CDN$
P/CF on Closing Price 7.96 10.24 9.52 11.00 13.84 12.97 13.80 11.28 10.60 8.65 8.96 11.71 11.25 11.38 10.72 19.56% <-IRR #YR-> 5 Cash Flow per Share 144.32% CDN$
13.66% Diff M/C 21.98% <-IRR #YR-> 10 CFPS 5 yr Running 629.29% CDN$
Excl.Working Capital CF $8.30 -$83.06 -$69.9 -$126.4 -$388.2 -$113.6 -$21.9 $265.3 -$108.5 -$0.8 $190.4 $435.6 $428.3 $0.0 $0.0 19.10% <-IRR #YR-> 5 CFPS 5 yr Running 139.62% CDN$
CF fr Op $M WC CDN$ $598.79 $666.0 $1,107.7 $1,450.5 $1,504.9 $2,280.2 $2,563.5 $3,041.9 $4,098.2 $4,993.5 $5,210.8 $5,481.9 $6,327.3 $6,015.4 $6,384.7 471.21% <-Total Growth 10 Cash Flow less WC CDN$
Increase 11.24% 11.22% 66.33% 30.95% 3.75% 51.52% 12.42% 18.66% 34.73% 21.85% 4.35% 5.20% 15.42% -4.93% 6.14% 19.04% <-IRR #YR-> 10 Cash Flow less WC 471.21% CDN$
5 year Running Average $502.3 $553.1 $694.6 $872.2 $1,065.6 $1,401.9 $1,781.4 $2,168.2 $2,697.7 $3,395.5 $3,981.6 $4,565.2 $5,222.3 $5,605.8 $5,884.0 15.78% <-IRR #YR-> 5 Cash Flow less WC 108.01% CDN$
CFPS Excl. WC CDN$ $0.54 $0.62 $0.98 $1.28 $1.33 $2.02 $2.25 $2.70 $3.63 $4.49 $4.83 $5.31 $6.45 $6.13 $6.51 22.35% <-IRR #YR-> 10 CF less WC 5 Yr Run 651.86% CDN$
Increase 11.28% 14.04% 58.78% 30.24% 3.46% 52.26% 11.66% 19.55% 34.68% 23.61% 7.55% 9.96% 21.49% -4.93% 6.14% 19.22% <-IRR #YR-> 5 CF less WC 5 Yr Run 140.86% CDN$
5 year Running Average $0.44 $0.50 $0.63 $0.78 $0.95 $1.25 $1.57 $1.92 $2.39 $3.02 $3.58 $4.19 $4.94 $5.44 $5.84 20.68% <-IRR #YR-> 10 CFPS - Less WC 555.10% CDN$
P/CF on Med Price 6.92 9.15 8.41 9.81 15.06 13.48 13.38 11.12 9.23 8.59 8.67 9.38 9.16 0.02 0.00 19.06% <-IRR #YR-> 5 CFPS - Less WC 139.20% CDN$
P/CF on Closing Price 7.85 11.52 10.12 11.95 17.41 13.62 13.92 10.30 10.88 8.65 8.63 10.78 10.49 11.38 10.72 22.92% <-IRR #YR-> 10 CFPS 5 yr Running 687.71% CDN$
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 10.01 5 yr  9.00 P/CF Med 10 yr 9.60 5 yr  9.16 18.55% Diff M/C 20.86% <-IRR #YR-> 5 CFPS 5 yr Running 157.88% CDN$
OPM 3.26% 3.32% 3.27% 3.77% 4.97% 5.53% 5.08% 4.21% 5.22% 6.87% 8.93% 6.28% 6.05% 6.48% 85.04% <-Total Growth 10 OPM CDN$
Increase 9.30% 1.78% -1.62% 15.24% 31.86% 11.36% -8.13% -17.15% 23.93% 31.77% 29.93% -29.67% -3.73% 7.10% Should increase  or be stable. CDN$
Diff from Median -36.6% -35.5% -36.5% -26.9% -3.5% 7.4% -1.3% -18.2% 1.3% 33.5% 73.5% 22.0% 17.4% 25.8% 0.04 <-Median-> 10 OPM CDN$
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 5.15% 5 Yrs 6.28% should be  zero, it is a   check on calculations CDN$
Adjusted EBITDA US$ $1,386 $1,591 $1,913 $2,289 $2,421 $2,979 $3,901 $4,362 $5,005 $5,266 $5,775 $5,422 $5,788 $6,365 316.76% <-Total Growth 10 Adjusted EBITDA US$ US$
Change 14.80% 20.25% 19.65% 5.76% 23.07% 30.93% 11.83% 14.73% 5.22% 9.67% -6.12% 6.75% 9.97% 14.76% <-Median-> 10 Change US$
Margin 3.90% 4.19% 5.54% 6.70% 6.39% 5.80% 6.60% 8.06% 10.94% 8.38% 8.04% 7.85% 8.18% 8.93% 6.65% <-Median-> 10 Margin US$
Long Term Debt US$ $2,984 $2,586 $3,047 $2,828 $3,096 $8,844 $5,641 $7,516 $5,283 $5,097 $5,888 $5,888 97.31% <-Total Growth 10 Debt US$
Change -13.34% 17.82% -7.17% 9.45% 185.68% -36.22% 33.24% -29.71% -3.52% 15.53% 0.00% 2.97% <-Median-> 10 Change US$
Debt/Market Cap Ratio 0.26 0.16 0.14 0.11 0.12 0.36 0.17 0.24 0.14 0.11 0.12 0.12 0.14 <-Median-> 10 Debt/Market Cap Ratio US$
Assets/Current Liabilities Ratio 3.36 3.96 4.49 4.55 4.36 5.53 4.05 6.86 4.77 4.92 5.62 5.62 4.66 <-Median-> 10 Assets/Current Liabilities US$
Debt to Cash Flow (Years) 2.57 1.81 1.78 1.50 1.61 4.09 1.83 2.02 1.29 1.29 1.36 1.32 1.69 <-Median-> 10 Debt to Cash Flow (Years) US$
Long Term Debt CDN$ $3,026 $2,853 $3,364 $3,586 $4,157 $11,352 $7,695 $10,088 $6,490 $6,520 $7,995 $7,916 164.23% <-Total Growth 10 Debt CDN$
Change -5.70% 17.91% 6.60% 15.90% 173.10% -32.22% 31.10% -35.67% 0.46% 22.63% -0.99% 11.25% <-Median-> 10 Change CDN$
Debt/Market Cap Ratio 0.27 0.16 0.13 0.12 0.12 0.36 0.17 0.23 0.14 0.11 0.12 0.12 0.14 <-Median-> 10 Debt/Market Cap Ratio CDN$
Assets/Current Liabilities Ratio 3.36 3.96 4.49 4.55 4.36 5.53 4.05 6.86 4.77 4.92 5.62 5.62 4.66 <-Median-> 10 Assets/Current Liabilities CDN$
Debt to Cash Flow (Years) 2.57 1.81 1.78 1.50 1.61 4.09 1.83 2.02 1.29 1.29 1.36 1.32 1.69 <-Median-> 10 Debt to Cash Flow (Years) CDN$
Intangibles US$ $834.7 $823.5 $623.2 $631.9 $669.5 $1,034.3 $5,683.1 $550.8 $716.9 $687.5 $762.2 $762 -9.51% <-Total Growth 10 Intangibles US$
Goodwill $1,081.0 $1,088.7 $1,817.3 $1,851.0 $2,377.0 $6,056.7 $11,129.9 $5,505.8 $5,946.3 $6,094.1 $6,621.5 $6,622 512.53% <-Total Growth 10 Goodwill US$
Total $1,915.7 $1,912.2 $2,440.5 $2,482.9 $3,046.5 $7,091.0 $16,813.0 $6,056.6 $6,663.2 $6,781.6 $7,383.7 $7,383.7 285.43% <-Total Growth 10 Total US$
Change -0.18% 27.63% 1.74% 22.70% 132.76% 137.10% -63.98% 10.02% 1.78% 8.88% 0.00% 9.45% <-Median-> 10 Change US$
Intangible/Market Cap Ratio 0.17 0.12 0.11 0.10 0.12 0.29 0.51 0.20 0.18 0.15 0.15 0.15 0.15 <-Median-> 10 Intangible/Market Cap Ratio US$
Intangibles CDN$ $846.3 $908.6 $688.1 $801.2 $898.9 $1,327.6 $7,752.9 $739.3 $880.7 $879.5 $1,034.9 $1,024.6 22.28% <-Total Growth 10 Intangibles CDN$
Goodwill $1,096.1 $1,201.2 $2,006.7 $2,347.1 $3,191.6 $7,774.4 $15,183.4 $7,390.4 $7,305.0 $7,795.6 $8,990.7 $8,901.3 720.28% <-Total Growth 10 Goodwill CDN$
Total $1,942.4 $2,109.7 $2,694.8 $3,148.3 $4,090.5 $9,102.0 $22,936.3 $8,129.8 $8,185.7 $8,675.0 $10,025.6 $9,925.9 416.15% <-Total Growth 10 Total CDN$
Change 8.62% 27.73% 16.83% 29.93% 122.51% 151.99% -64.55% 0.69% 5.98% 15.57% -0.99% 16.20% <-Median-> 10 Change CDN$
Intangible/Market Cap Ratio 0.17 0.12 0.10 0.10 0.11 0.29 0.51 0.19 0.18 0.15 0.15 0.15 0.15 <-Median-> 10 Intangible/Market Cap Ratio CDN$
Current Assets US$ $1,289.00 $1,337.40 $3,281.3 $3,214.9 $2,707.1 $2,934.8 $3,173.6 $4,477.1 $4,321.3 $6,430.9 $7,121.9 $7,326.3 $5,669.6 $5,669.6 72.79% <-Total Growth 10 Current Assets US$
Current Liabilities $1,020.30 $1,566.80 $3,138.4 $2,662.8 $2,415.0 $2,705.5 $3,250.8 $4,188.0 $5,582.0 $3,744.3 $5,949.7 $6,017.4 $5,165.0 $5,165.0 64.57% <-Total Growth 10 Current Liabilities US$
Liquidity 1.26 0.85 1.05 1.21 1.12 1.08 0.98 1.07 0.77 1.72 1.20 1.22 1.10 1.10 1.11 <-Median-> 10 Ratio US$
Assets US$ $3,999.6 $4,453.2 $10,546.2 $10,545.0 $10,837.8 $12,303.9 $14,171.2 $23,140.6 $22,607.7 $25,679.5 $28,394.5 $29,591.6 $29,049.2 $29,049.2 175.45% <-Total Growth 10 Assets US$
Liabilities $2,063.5 $2,278.6 $7,329.5 $6,568.4 $6,931.3 $7,260.3 $8,161.6 $15,250.2 $13,426.6 $15,612.9 $16,213.6 $17,154.0 $16,484.7 $16,484.7 124.91% <-Total Growth 10 Liabilities US$
Debt Ratio 1.94 1.95 1.44 1.61 1.56 1.69 1.74 1.52 1.68 1.64 1.75 1.73 1.76 1.76 1.69 <-Median-> 10 Ratio US$
Estimates BVPS $14.20 $15.50 $16.90 Estimates Estimates BVPS US$
Estimate Book Value $13,934.5 $15,210.2 $16,584.0 Estimates Estimate Book Value US$
P/B Ratio (Close) 3.64 3.33 3.06 Estimates P/B Ratio (Close) US$
Difference from 10 year median 6.28% Diff M/C Estimates Difference from 10 yr med. US$
Book Value US$ $1,936.1 $2,174.6 $3,216.7 $3,976.6 $3,906.5 $5,043.6 $6,009.6 $7,890.4 $9,181.1 $10,066.6 $12,180.9 $12,437.6 $12,564.5 $12,564.5 $12,564.5 $12,564.5 290.60% <-Total Growth 10 Book Value US$
Non-Control Int $14.2 $13.9 $0.0 $0.0 $327.0 $257.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 US$
Net Book Value $1,936.1 $2,174.6 $3,216.7 $3,962.4 $3,892.6 $5,043.6 $6,009.6 $7,563.4 $8,923.2 $10,066.6 $12,180.9 $12,437.6 $12,564.5 $12,564.5 $12,564.5 $12,564.5 290.60% <-Total Growth 10 Book Value US$
Book Value per share $1.76 $2.02 $2.86 $3.50 $3.43 $4.47 $5.29 $6.70 $7.90 $9.05 $11.28 $12.04 $12.80 $12.80 $12.80 $12.80 347.97% <-Total Growth 10 Book Value per Share US$
Increase 19.97% 15.17% 41.21% 22.52% -2.04% 30.21% 18.34% 26.80% 17.94% 14.45% 24.71% 6.73% 6.33% 0.00% 0.00% 0.00% 17.87% P/B Ratio Current/10 Yr Med US$
P/B Ratio (Median) 2.13 2.87 2.87 3.31 5.00 4.75 4.39 3.53 3.23 3.08 2.80 3.33 3.52 3.91 0.00 0.00 3.64 P/B Ratio Cl Historical Median US$
P/B Ratio (Close) 2.52 3.52 3.53 4.04 5.58 4.90 4.35 3.24 3.73 3.08 3.00 3.70 3.90 4.04 4.04 4.04 16.18% <-IRR #YR-> 10 Book Value 347.97% US$
Change 21.01% 39.50% 0.39% 14.39% 38.00% -12.14% -11.18% -25.63% 15.23% -17.37% -2.62% 23.41% 5.28% 3.50% 0.00% 0.00% 13.82% <-IRR #YR-> 5 Book Value 91.03% US$
Leverage (A/BK) 2.07 2.05 3.28 2.66 2.78 2.44 2.36 3.06 2.53 2.55 2.33 2.38 2.31 2.31 2.49 <-Median-> 10 A/BV US$
Debt/Equity Ratio 1.07 1.05 2.28 1.66 1.78 1.44 1.36 2.02 1.50 1.55 1.33 1.38 1.31 1.31 1.47 <-Median-> 10 Debt/Eq Ratio US$
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 3.43 5 yr Med 3.23 17.87% Diff M/C 2.46 Historical A/BV US$
-$2.86 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $12.80
-$6.70 $0.00 $0.00 $0.00 $0.00 $12.80
Current Assets CDN$ $1,229.8 $1,311.5 $3,327.0 $3,547.0 $2,989.2 $3,721.3 $4,261.2 $5,746.8 $5,895.1 $8,632.2 $8,749.3 $9,371.8 $7,698.2 $7,621.6 131.39% <-Total Growth 10 Current Assets CDN$
Current Liabilities $973.5 $1,536.5 $3,182.1 $2,937.9 $2,666.6 $3,430.6 $4,364.8 $5,375.7 $7,615.0 $5,026.0 $7,309.2 $7,697.5 $7,013.0 $6,943.3 120.39% <-Total Growth 10 Current Liabilities CDN$
Liquidity 1.26 0.85 1.05 1.21 1.12 1.08 0.98 1.07 0.77 1.72 1.20 1.22 1.10 1.10 1.11 <-Median-> 10 Ratio CDN$
Liq. with CF aft div 1.84 1.31 1.40 1.72 1.79 1.74 1.52 1.55 1.30 2.65 1.84 1.82 1.87 1.88 1.84 <-Median-> 5 Ratio CDN$
Liq. CF re  Inv+Div  1.49 0.91 0.69 1.41 1.14 1.21 0.88 0.67 1.11 2.00 1.49 1.40 1.30 1.88 1.40 <-Median-> 5 Ratio CDN$
Assets CDN$ $3,816.0 $4,367.0 $10,693.0 $11,634.3 $11,967.1 $15,601.3 $19,027.7 $29,703.3 $30,841.4 $34,469.6 $34,882.6 $37,853.6 $39,443.0 $39,050.8 268.87% <-Total Growth 10 Assets CDN$
Liabilities $1,968.8 $2,234.5 $7,431.6 $7,246.9 $7,653.5 $9,206.1 $10,958.6 $19,575.2 $18,316.6 $20,957.2 $19,918.4 $21,943.4 $22,382.9 $22,160.4 201.19% <-Total Growth 10 Liabilities CDN$
Debt Ratio 1.94 1.95 1.44 1.61 1.56 1.69 1.74 1.52 1.68 1.64 1.75 1.73 1.76 1.76 1.69 <-Median-> 10 Ratio CDN$
Estimates BVPS $19.09 $20.84 $22.72 Estimates Estimates BVPS CDN$
Estimate Book Value $18,732.1 $20,447.0 $22,293.8 Estimates Estimate Book Value CDN$
P/B Ratio (Close) 3.65 3.35 3.07 Estimates P/B Ratio (Close) CDN$
Difference from 10 year median 9.80% Diff M/C Estimates Difference from 10 yr med. CDN$
Check on BV $6,395.3 $8,069.1 $10,128.1 $12,524.9 $13,512.4 $14,964.2 $15,910.2 $17,060.1
Book Value CDN$ $1,847.2 $2,132.5 $3,261.5 $4,387.4 $4,313.6 $6,395.3 $8,069.1 $10,128.1 $12,524.9 $13,512.4 $14,964.2 $15,910.2 $17,060.1 $16,890.5 $16,890.5 $16,890.5 423.08% <-Total Growth 10 Book Value CDN$
Non-Control Int $15.7 $15.3 $0.0 $0.0 $419.7 $351.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0
Net Book Value $1,847.2 $2,132.5 $3,261.5 $4,371.7 $4,298.2 $6,395.3 $8,069.1 $9,708.4 $12,173.0 $13,512.4 $14,964.2 $15,910.2 $17,060.1 $16,890.5 $16,890.5 $16,890.5 423.08% <-Total Growth 10 Book Value CDN$
Book Value per share $1.68 $1.99 $2.90 $3.86 $3.79 $5.66 $7.10 $8.60 $10.78 $12.14 $13.86 $15.40 $17.39 $17.21 $17.21 $17.21 499.90% <-Total Growth 10 Book Value per Share CDN$
Increase 13.92% 18.37% 46.00% 33.32% -1.96% 49.52% 25.32% 21.22% 25.34% 12.61% 14.14% 11.13% 12.87% -0.99% 0.00% 0.00% 21.77% P/B Ratio Current/10 Yr Med CDN$
P/B Ratio (Median) 2.24 2.86 2.86 3.26 5.27 4.81 4.25 3.48 3.11 3.17 3.02 3.23 3.40 3.87 0.00 0.00 2.87 P/B Ratio Historical Median
P/B Ratio (Close) 2.54 3.60 3.44 3.97 6.10 4.86 4.42 3.23 3.66 3.20 3.00 3.71 3.89 4.05 4.05 4.05 19.62% <-IRR #YR-> 10 Book Value 499.90% CDN$
Change 23.90% 41.46% -4.49% 15.43% 53.68% -20.35% -8.91% -27.06% 13.53% -12.67% -6.05% 23.56% 4.76% 4.16% 0.00% 0.00% 15.11% <-IRR #YR-> 5 Book Value 102.07% CDN$
Leverage (A/BK) 2.07 2.05 3.28 2.65 2.78 2.44 2.36 3.06 2.53 2.55 2.33 2.38 2.31 2.49 <-Median-> 10 A/BV CDN$
Debt/Equity Ratio 1.07 1.05 2.28 1.66 1.78 1.44 1.36 2.02 1.50 1.55 1.33 1.38 1.31 1.47 <-Median-> 10 Debt/Eq Ratio CDN$
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 3.33 5 yr Med 3.17 21.77% Diff M/C 2.45 Historical A/BV
-$2.90 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $17.39
-$8.60 $0.00 $0.00 $0.00 $0.00 $17.39
Total Comprehensive Income US$ $410.80 $426.50 $741.80 $812.30 $8.00 $1,239.1 $1,104.0 $1,112.5 $1,531.0 $1,953.3 $3,441.6 $2,465.3 $2,830.2 281.53% <-Total Growth 10 Comprehensive Income US$
Non-Control Int $0.00 $0.00 $0.00 $1.00 $0.70 $0.2 $0.0 $6.9 -$12.6 $4.0 $0.0 $0.0 $0.0 Non-Control Int US$
Shareholders $410.80 $426.50 $741.80 $811.30 $7.30 $1,238.9 $1,104.0 $1,105.6 $1,543.6 $1,949.3 $3,441.6 $2,465.3 $2,830.2 281.53% <-Total Growth 10 Comprehensive Income US$
Increase 12.46% 3.82% 73.93% 9.37% -99.10% 16871.23% -10.89% 0.14% 39.62% 26.28% 76.56% -28.37% 14.80% 26.3% <-Median-> 5 Comprehensive Income US$
5 Yr Running Average $272.8 $318.8 $426.1 $551.1 $479.5 $645.2 $780.7 $853.4 $999.9 $1,388.3 $1,828.8 $2,101.1 $2,446.0 14.33% <-IRR #YR-> 10 Comprehensive Income 281.53% US$
ROE US$ 21.2% 19.6% 23.1% 20.4% 0.2% 24.6% 18.4% 14.0% 16.8% 19.4% 28.3% 19.8% 22.5% 20.68% <-IRR #YR-> 5 Comprehensive Income 155.99% US$
5Yr Median 18.8% 19.6% 21.2% 21.2% 20.4% 20.4% 20.4% 18.4% 16.8% 18.4% 18.4% 19.4% 19.8% 19.09% <-IRR #YR-> 10 5 Yr Running Average 474.02% US$
% Difference from NI 11.0% -6.8% 29.5% -0.3% -99.2% 3.8% -8.7% -36.7% -18.2% -17.2% 27.2% -8.1% -8.4% 23.44% <-IRR #YR-> 5 5 Yr Running Average 186.61% US$
Median Values Diff 5, 10 yr -8.6% -8.4% 19.8% <-Median-> 5 Return on Equity US$
-$741.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $2,830.2
-$1,105.6 $0.0 $0.0 $0.0 $0.0 $2,830.2
-$426.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $2,446.0
-$853.4 $0.0 $0.0 $0.0 $0.0 $2,446.0
Current Liability Coverage Ratio US$ 0.62 0.43 0.35 0.49 0.56 0.66 0.59 0.57 0.54 0.99 0.71 0.71 0.90 0.87   CFO / Current Liabilities US$
5 year Median 0.60 0.60 0.60 0.49 0.49 0.49 0.56 0.57 0.57 0.59 0.59 0.71 0.71 0.87 0.71 <-Median-> 5 Current Liability Cov Ratio US$
Asset Efficiency Ratio US$ 15.69% 15.25% 10.36% 12.47% 12.58% 14.62% 13.47% 10.24% 13.29% 14.49% 14.94% 14.48% 16.04% 15.40% CFO / Total Assets US$
5 year Median 14.49% 14.52% 14.52% 14.49% 12.58% 12.58% 12.58% 12.58% 13.29% 13.47% 13.47% 14.48% 14.49% 14.94% 14.5% <-Median-> 5 Return on Assets  US$
Return on Assets ROA US$ 9.25% 10.28% 5.43% 7.69% 8.61% 9.70% 8.53% 7.23% 8.11% 9.17% 9.53% 9.07% 10.64% 9.34% Net  Income/Assets Return on Assets US$
5Yr Median 7.80% 8.19% 8.19% 8.19% 8.61% 8.61% 8.53% 8.53% 8.53% 8.53% 8.53% 9.07% 9.17% 9.34% 9.2% <-Median-> 5 Asset Efficiency Ratio US$
Return on Equity ROE US$ 19.12% 21.04% 17.81% 20.47% 23.96% 23.66% 20.12% 22.13% 20.55% 23.38% 22.21% 21.57% 24.60% 21.60% Net Inc/ Shareholders' equity Return on Equity US$
5Yr Median 18.76% 19.12% 19.12% 19.12% 20.47% 21.04% 20.47% 22.13% 22.13% 22.13% 22.13% 22.13% 22.21% 22.21% 22.2% <-Median-> 5 Return on Equity US$
Net Income US$ $370.10 $457.60 $572.8 $812.2 $933.5 $1,193.7 $1,208.9 $1,680.5 $1,821.3 $2,357.6 $2,705.5 $2,683.3 $3,090.9 439.61% <-Total Growth 10 Net Income US$
Non-Control Int $0.0 $0.0 $0.0 $1.0 $0.7 $0.2 $0.0 $6.9 -$12.6 $4.0 $0.0 $0.0 $0.0 Non-Control Int US$
Shareholders $370.10 $457.60 $572.80 $811.20 $932.80 $1,193.5 $1,208.9 $1,673.6 $1,833.9 $2,353.6 $2,705.5 $2,683.3 $3,090.9 $2,714 $3,078 439.61% <-Total Growth 10 Net Income US$
Increase 22.19% 23.64% 25.17% 41.62% 14.99% 27.95% 1.29% 38.44% 9.58% 28.34% 14.95% -0.82% 15.19% -12.19% 13.41% EPS/CF Ratio should not be higher than 1.00 US$
5 Yr Running Average $262.5 $314.8 $391.5 $502.9 $628.9 $793.6 $943.8 $1,164.0 $1,368.5 $1,652.7 $1,955.1 $2,250.0 $2,533.4 $2,709.5 $2,854.3 18.36% <-IRR #YR-> 10 Net Income 439.61% US$
Operating Cash Flow $618.90 $763.80 $1,161.4 $1,429.3 $1,714.5 $1,887.9 $1,925.5 $2,163.1 $3,083.6 $3,720.7 $4,086.6 $3,944.9 $4,344.6 13.05% <-IRR #YR-> 5 Net Income 84.69% US$
Investment Cash Flow -$235.90 -$694.80 -$3,186.5 -$598.0 -$1,398.8 -$1,181.3 -$2,387.5 -$5,444.5 -$935.2 -$1,213.8 -$1,385.6 -$1,799.4 -$2,275.6 20.53% <-IRR #YR-> 10 5 Yr Running Average 547.18% US$
Total Accruals -$12.90 $388.60 $2,597.9 -$20.1 $617.1 $486.9 $1,670.9 $4,955.0 -$314.5 -$153.3 $4.5 $537.8 $1,021.9 16.83% <-IRR #YR-> 5 5 Yr Running Average 117.65% US$
Total Assets $3,999.60 $4,453.20 $10,546.2 $10,545.0 $10,837.8 $12,303.9 $14,171.2 $23,140.6 $22,607.7 $25,679.5 $28,394.5 $29,591.6 $29,049.2 Balance Sheet Assets US$
Accruals Ratio -0.32% 8.73% 24.63% -0.19% 5.69% 3.96% 11.79% 21.41% -1.39% -0.60% 0.02% 1.82% 3.52% 0.02% <-Median-> 5 Ratio US$
EPS/CF Ratio 0.57 0.66 0.53 0.62 0.68 0.66 0.63 0.70 0.61 0.63 0.62 0.61 0.64 0.63 <-Median-> 10 EPS/CF Ratio CDN$
-$572.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $3,090.9
-$1,673.6 $0.0 $0.0 $0.0 $0.0 $3,090.9
-$391.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $2,533.4
-$1,164.0 $0.0 $0.0 $0.0 $0.0 $2,533.4
Financial Cash Flow -$290.40 -$74.60 $2,363.1 -$986.3 -$141.5 -$702.6 $498.4 $3,277.0 -$2,053.8 $480.7 -$3,429.6 -$2,951.1 -$3,349.7 C F Statement  Financial Cash Flow US$
Total Accruals $277.50 $463.20 $234.8 $966.2 $758.6 $1,189.5 $1,172.5 $1,678.0 $1,739.3 -$634.0 $3,434.1 $3,488.9 $4,371.6 Accruals US$
Accruals Ratio 6.94% 10.40% 2.23% 9.16% 7.00% 9.67% 8.27% 7.25% 7.69% -2.47% 12.09% 11.79% 15.05% 11.79% <-Median-> 5 Ratio US$
Total Comprehensive Income CDN$ $391.94 $418.25 $752.13 $896.21 $8.83 $1,571.2 $1,482.3 $1,428.0 $2,088.6 $2,621.9 $4,228.0 $3,153.6 $3,842.8 410.93% <-Total Growth 10 Comprehensive Income CDN$
Non-Control Int $0.00 $0.00 $0.00 $1.10 $0.77 $0.3 $0.0 $8.9 -$17.2 $5.4 $0.0 $0.0 $0.0 Non-Control Int
Shareholders $391.9 $418.2 $752.1 $895.11 $8.06 $1,570.9 $1,482.3 $1,419.1 $2,105.8 $2,616.5 $4,228.0 $3,153.6 $3,842.8 410.93% <-Total Growth 10 Comprehensive Income CDN$
Increase 6.78% 6.71% 79.83% 19.01% -99.10% 19388.79% -5.64% -4.26% 48.38% 24.26% 61.59% -25.41% 21.86% 24.3% <-Median-> 5 Comprehensive Income CDN$
5 Yr Running Average $237.5 $321.2 $430.2 $564.9 $493.1 $728.9 $941.7 $1,075.1 $1,317.3 $1,838.9 $2,370.4 $2,704.6 $3,189.4 17.72% <-IRR #YR-> 10 Comprehensive Income 410.93% CDN$
ROE CDN$ 21.2% 19.6% 23.1% 20.4% 0.2% 24.6% 18.4% 14.0% 16.8% 19.4% 28.3% 19.8% 22.5% 22.05% <-IRR #YR-> 5 Comprehensive Income 170.79% CDN$
5Yr Median 18.8% 19.6% 21.2% 21.2% 20.4% 20.4% 20.4% 18.4% 16.8% 18.4% 18.4% 19.4% 19.8% 22.18% <-IRR #YR-> 10 5 Yr Running Average 641.44% CDN$
% Difference from NI 11.0% -6.8% 29.5% -0.3% -99.2% 3.8% -8.7% -36.7% -18.2% -17.2% 27.2% -8.1% -8.4% 24.29% <-IRR #YR-> 5 5 Yr Running Average 196.65% CDN$
Median Values Diff 5, 10 yr -8.6% -8.4% 19.8% <-Median-> 5 Return on Equity CDN$
-$752.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $3,842.8
-$1,419.1 $0.0 $0.0 $0.0 $0.0 $3,842.8
-$430.2 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $3,189.4
-$1,075.1 $0.0 $0.0 $0.0 $0.0 $3,189.4
Current Liability Coverage Ratio CDN$ 0.62 0.43 0.35 0.49 0.56 0.66 0.59 0.57 0.54 0.99 0.71 0.71 0.90 0.87   CFO / Current Liabilities CDN$
5 year Median 0.60 0.60 0.60 0.49 0.49 0.49 0.56 0.57 0.57 0.59 0.59 0.71 0.71 0.87 0.71 <-Median-> 5 Current Liability Cov Ratio CDN$
Asset Efficiency Ratio CDN$ 15.69% 15.25% 10.36% 12.47% 12.58% 14.62% 13.47% 10.24% 13.29% 14.49% 14.94% 14.48% 16.04% 15.40% CFO / Total Assets CDN$
5 year Median 14.49% 14.52% 14.52% 14.49% 12.58% 12.58% 12.58% 12.58% 13.29% 13.47% 13.47% 14.48% 14.49% 14.94% 14.5% <-Median-> 5 Return on Assets  CDN$
Return on Assets ROA CDN$ 9.25% 10.28% 5.43% 7.69% 8.61% 9.70% 8.53% 7.23% 8.11% 9.17% 9.53% 9.07% 10.64% 7.19% Net  Income/Assets Return on Assets CDN$
5Yr Median 7.80% 8.19% 8.19% 8.19% 8.61% 8.61% 8.53% 8.53% 8.53% 8.53% 8.53% 9.07% 9.17% 9.17% 9.2% <-Median-> 5 Asset Efficiency Ratio CDN$
Return on Equity ROE CDN$ 19.12% 21.04% 17.81% 20.47% 23.96% 23.66% 20.12% 22.13% 20.55% 23.38% 22.21% 21.57% 24.60% 16.62% Net Inc/ Shareholders' equity Return on Equity CDN$
5Yr Median 18.76% 19.12% 19.12% 19.12% 20.47% 21.04% 20.47% 22.13% 22.13% 22.13% 22.13% 22.13% 22.21% 22.21% 22.2% <-Median-> 5 Return on Equity CDN$
Net Income CDN$ $353.11 $448.75 $580.78 $896.1 $1,030.8 $1,513.6 $1,623.2 $2,157.1 $2,484.6 $3,164.6 $3,323.7 $3,432.5 $4,196.8 622.62% <-Total Growth 10 Net Income CDN$
Non-Control Int $0.0 $0.0 $0.0 $1.1 $0.8 $0.3 $0.0 $8.9 -$17.2 $5.4 $0.0 $0.0 $0.0 Non-Control Int CDN$
Shareholders $353.1 $448.7 $580.8 $895.0 $1,030.0 $1,513.4 $1,623.2 $2,148.2 $2,501.8 $3,159.2 $3,323.7 $3,432.5 $4,196.8 $2,807 $3,121 $3,381 622.62% <-Total Growth 10 Net Income CDN$
Increase 16.02% 27.08% 29.42% 54.10% 15.08% 46.93% 7.26% 32.35% 16.46% 26.28% 5.21% 3.27% 22.27% -33.12% 11.19% 8.33% EPS/CF Ratio should not be higher than 1.00 CDN$
5 Yr Running Average $273.6 $319.8 $397.8 $516.4 $661.5 $893.6 $1,128.5 $1,442.0 $1,763.3 $2,189.2 $2,551.2 $2,913.1 $3,322.8 $3,383.8 $3,376.2 $3,387.7 21.87% <-IRR #YR-> 10 Net Income 622.62% CDN$
Operating Cash Flow $590.49 $749.02 $1,177.6 $1,576.9 $1,893.2 $2,393.9 $2,585.4 $2,776.6 $4,206.6 $4,994.3 $5,020.4 $5,046.3 $5,899.1 14.33% <-IRR #YR-> 5 Net Income 95.36% CDN$
Investment Cash Flow -$225.07 -$681.36 -$3,230.9 -$659.8 -$1,544.6 -$1,497.9 -$3,205.7 -$6,988.6 -$1,275.8 -$1,629.3 -$1,702.2 -$2,301.8 -$3,089.8 23.65% <-IRR #YR-> 10 5 Yr Running Ave. 735.33% CDN$
Total Accruals -$12.31 $381.08 $2,634.1 -$22.2 $681.4 $617.4 $2,243.5 $6,360.2 -$429.0 -$205.8 $5.5 $688.0 $1,387.5 18.17% <-IRR #YR-> 5 5 Yr Running Ave. 130.44% CDN$
Total Assets $3,816.02 $4,367.03 $10,693.0 $11,634.3 $11,967.1 $15,601.3 $19,027.7 $29,703.3 $30,841.4 $34,469.6 $34,882.6 $37,853.6 $39,443.0 Balance Sheet Assets CDN$
Accruals Ratio -0.32% 8.73% 24.63% -0.19% 5.69% 3.96% 11.79% 21.41% -1.39% -0.60% 0.02% 1.82% 3.52% 0.02% <-Median-> 5 Ratio CDN$
EPS/CF Ratio 0.57 0.66 0.53 0.62 0.68 0.66 0.63 0.70 0.61 0.63 0.62 0.61 0.64 0.63 <-Median-> 10 EPS/CF Ratio CDN$
-$580.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $4,196.8
-$2,148.2 $0.0 $0.0 $0.0 $0.0 $4,196.8
-$397.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $3,322.8
-$1,442.0 $0.0 $0.0 $0.0 $0.0 $3,322.8
Change in Close 41.15% 67.45% 39.44% 53.89% 50.67% 19.10% 14.15% -11.58% 42.30% -1.66% 7.23% 37.31% 18.24% 3.12% 0.00% 0.00% Count 29 Years of data CDN$
up/down Down Down down down down Count 13 44.83% CDN$
Meet Prediction? Yes % right Count 4 30.77% CDN$
Financial Cash Flow -$277.07 -$73.16 $2,396.0 -$1,088.2 -$156.2 -$890.9 $669.2 $4,206.4 -$2,801.8 $645.2 -$4,213.3 -$3,775.0 -$4,548.2 C F Statement  Financial CF CDN$
Total Accruals $264.76 $454.24 $238.07 $1,066.01 $837.65 $1,508.29 $1,574.32 $2,153.88 $2,372.75 -$851.02 $4,218.79 $4,463.00 $5,935.76 Accruals CDN$
Accruals Ratio 6.94% 10.40% 2.23% 9.16% 7.00% 9.67% 8.27% 7.25% 7.69% -2.47% 12.09% 11.79% 15.05% 11.79% <-Median-> 5 Ratio CDN$
Cash US$ $320.40 $304.30 $658.3 $511.1 $553.7 $599.4 $637.6 $666.2 $706.4 $3,641.5 $3,015.8 $2,143.9 $834.2 $834.2 Cash US$
Cash CDN$ $305.69 $298.41 $667.5 $563.9 $611.4 $760.0 $856.1 $855.1 $963.7 $4,888.0 $3,704.9 $2,742.5 $1,132.7 $1,121.4 Cash CDN$
Cash Per Share CDN$ $0.28 $0.28 $0.59 $0.50 $0.54 $0.67 $0.75 $0.76 $0.85 $4.39 $3.43 $2.66 $1.15 $1.14 $2.66 <-Median-> 5 Cash per Share CDN$
Percentage of Stock Price 6.51% 3.89% 5.96% 3.25% 2.33% 2.45% 2.40% 2.73% 2.16% 11.31% 8.24% 4.64% 1.71% 1.64% 4.64% <-Median-> 5 % of Stock Price CDN$
Notes:
August 12, 2023.  Last estimates were for 2023, 2024 and 2025 of $72424M, $69516M and $68171M US$ for Revenue, $2.61, $2.81 and $3.29 US$ for AEPS, 
$2.55, $2.84 and $3.08 US$ for EPS, $0.38, $0.41 and $0.43 US$ for Dividends, $2413M, $2346M and $2330M US$ for FCF, $3.93 and $4.14 2023/4 US$ for CFPS, $2615M, $2714M and $3078M US$ for Net Income.
September 6, 2022.  The company reclassified the Class A multiple Voting shares into Common Shares.  ATD stayed the CDN symbol.
The OTC symbol seems to have changed at the same time from ANCIF to ANCTF.
August 13, 2022.  Last estimates were for 2022, 2023 and 2024 of $55,651M, $56476M and $59577M US$ for Revenue, $2.20, $2.40 and $2.61US$ for EPS, 
$0.31, $0.35 and $0.64 US$ for Dividends, $2154M, $2333M and $2052M US$ for FCF, $3.49 and $3.79 US$ for 2022-23 for CFPS and $2290M, $2432M and $2739M US$ for Net Income.
December 8, 2021.  All Class B shares will be converted to Class A shares on a 1 for 1 basis.  Class B shares will be delisted and all shares traded under ATD.
August 14, 2021.  Last estimates were for 2021, 2022 and 2023 of $$51163M, $56856M and $59599M US$ for Revenue, $1.70, $1.89 and $2.12 US$ for EPS, 
$0.33 and $0.32 CDN$ Div 2021-22, $1744M, $1814M and $2308M US$ for FCF, $2.70 and $2.69 US$ 2021-22 CFPS and $1875M, $2079M and $2428M US$ for Net Income.
August 21, 2020.  Last estimates were for 2020 and 2021 of $60783M, $62.353 US$ for Revenue, $3.35 and $3.61 US$ for EPS, 
$5.33 and $5.55 US$ for CFPS and $1875M and $2007M US$ for Net Income.
August 24, 2019.  Last estimates were for 2019 and 2020 of $53179M, $52540M for Revenue US$, $3.38 and $3.02 for EPS US$, 
$4.87 and $4.17 for CFPS US$ and $1928M for Net Income for 2019 US$.
September 1, 2018.  Last estimates ere for 2018, 2019 and 2020 of $47222M, $53179M and $52540M for revenue US$, 
$2.81, $3.38 and $3.02 for EPS US$, $4.87, $4.46 and $4.17 for CFPS US$, $1602M and $1921M for Net Income for 2018 and 2019 US$.
September 02, 2017.  Last estimates were for 2017, 2018 and 2019 of 39205M, $51163M and $50770M US$ for Revenue, $2.31. $2.80 and $2.93 US$ for EPS, 
$3.58, $4.21 and $4.19 US$ for CFPS amd $1303M and $1560M US$ for 2017 and 2018 for Net Income.
November 13, 2016.  Last estimates 2017, 2018 and 2019 gotten in September 2016 were $39026M, $50720M and $49.809M for Revenue, $2.33, $2.58 and $2.37 for EPS, 
$3.49, $4.03 and $3.64 for CFPS and $1303M and $1560M for Net Income for 2017 and 2018. 
Estimtes between November 2016 and September 2016 have changed slightly.  Exchange rate has changed a lot and by 3.66% from 1.299 to 1.3475.
The Stock price in CDN$ has changed from $68.26 to $63.38 down some 7.15%.  The Stock in US$ has changed from $52.50 to $46.87 and this is down 10.72%.
September 3, 2016.  Last estimates were for 2016, 2017 and 2018 of $38011M, $41290M and $45156M US$ for Revenue, $1.93, $2.25 and $1.98 US$ for EPS, 
$2.93, $3.29 and 3.47 US$ for CFPS, $1174M, $1349M and $1126M US$ for Net Income.
September 7, 2015.  Last estimates were for 2015, 2016 and 2017 of $39271M, $40053M and $42485M US$ for Revenue, $1.58, $1.76 and $1.67 EPS US$, 
$2.56, $2.76 and $2.72 CFPS US$, $907M, $1034M and $949.8M for Net Income US$.
August 23, 2014.  Last estimates were for 2014, 2015 and 2016 of $38801M, $39399M and $39589M US$ for Revenue, $1.26, 1.38 and $1.50 EPS US$, and $6.70 and 6.92 US$ for CFPS for 2014 and 2015.
July 29, 2013.  Last estimates were for 2013 and 2014 of $34486M and $36809M US$ and $3.21 and $3.82 US$ for EPS and $3.70 CPFS for 2013 US$.
Got statements from Morningstar as they are not yet on Alimentation's site.
August 11, 2012.  When Last I looked I got estimates for 2012 and 2013 of $21,777M and $22,814M US$ for Revenue and $2.17 and $2.40 US$ for EPS
August 6, 2011.  When last I looked, I got 2011 and 2012 earnings of $1.65 and $1.82 US$ and $23.76 and $3.05 US$ for cash flow.
Jul 15, 2010.  When I last looked I got  estimates for 2010 and 2011 of $1.35 and $1.45 US$ for earnings and of $2.36 and $2.57 US$ for Cash Flow.
In August 2008, I got an earnings estimate of $.87 USD and it was way off as earnings came in at $1.29USD
AP 2007.  I know they had some problems over the last year.  Mar 2008 TD has this stock as an Action Buy.
2007.  In March I wanted to raise some money as I was thinking of buying a condo. This did not happen and I bought some of this stock for Pension acct in June.
AP 2006. Problems:  Number of shares are increasing at about 12% a year and  Accrual Ratio is awful. However, number of share increases correspond with acquisitions, so not so bad. Also book value is increasing.
Do not know what to make of accrual ratio. Revenue, earnings and stocks prices increasing at a fast clip.  Keep for awhile as just bought in 2004.
AP 2005. Loans are high. This is due to new purchases.  Stock is doing well though.
Dec 2004.  TD has a buy on this stock. 
Multiple voting shares are ATD.A (10 votes per share except for certain situations) and Subordinate Voting Shares are ATD.B (1 vote per share).
The Corporation’s year-end is the last Sunday of April of each year
Sector:
Consumer Staple, Consumer
What should this stock accomplish?
Would I buy this company and Why.
Why am I following this stock. 
I did a spreadsheet on this stock as it had a good reputation and I wanted to check it out.  It does not pay dividends.
Why I bought this stock.
In 2004 I bought this stock as it had a good reputation and my spreadsheet showed I should do well with it.  The only problem I had with it then was it had no dividend.  
I bought more of this stock in 2006 as it had a good past record and had started to pay a dividend.  I did not buy much mid-year as P/E was rather high.  By the year end I bought more as TD Bank said it was a good time to buy this stock.
I sold the stock in my trading account in 2007 as I was raising mortgage money and this stock had gone down so it was cheap, tax wise, to sell. 
 In 2013, I sold the stock in my Pension account as it had the lowest dividend yield and I had to raise money in this account because of yearly withdrawals.
Dividends
Dividends are sort of paid in Cycle 3.  Dividends are paid in July or August, September, December and April. Generally cycle 3 dividends have a dividend in June, not July or August. 
Generally dividends are declared for shareholders of record of one month and paid in that month or early the next month.  For example, the dividend declared for shareholders of record on July 16, 2014 was paid on July 30, 2014.
How they make their money.
Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. In addition, 
the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia. Its operation is geographically divided into U.S., 
Europe, and Canada. Revenue from external customers fall mainly into three categories: merchandise and services, road transportation fuel, and other.   
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.  
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
For the 2019 split, I updated the 2nd column to make it easier for me rather than increasing the shares (1st column).
Shares; '%, Value $M %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares are B when not Change
Date 2015 Sep 3 2016 Sep 2 2017 Sep 1 2018 Aug 24 2019 Aug 21 2020 Aug 14 2021 Aug 16 2022 Aug 13 2023 stated.
Hannasch, Brian Patrick 0.10% 0.533 0.13% 0.446 0.10% 0.314 0.07% 0.317 0.07% 0.892 0.11% 0.893 0.09% 0.965 0.10% 0.915 0.09% Was an Officer, now CEO -5.24% sold
CEO - Shares - Amount $22.992 $33.464 $24.750 $24.765 $24.655 $37.159 $51.051 $65.268 $61.846
Options - percentage 0.34% 1.437 0.34% 1.402 0.32% 1.413 0.32% 1.319 0.31% 2.649 0.32% 2.747 0.27% 2.749 0.28% 2.435 0.25% -11.43%
Options - amount $78.440 $90.227 $77.806 $111.639 $102.483 $110.319 $157.090 $185.858 $164.621
Da Silva Nogueira, Filipe 0.000 0.00%
CFO - Shares - Amount $0.000
Options - percentage 0.047 0.00%
Options - amount $3.181
Tessier, Claude 0.000 0.00% 0.002 0.00% 0.007 0.00% 0.008 0.00% 0.025 0.00% 0.033 0.00% 0.034 0.00% Ceased insider July 2023
CFO - Shares - Amount $0.000 $0.100 $0.514 $0.602 $1.055 $1.906 $2.277
Options - percentage 0.095 0.02% 0.111 0.03% 0.109 0.03% 0.111 0.03% 0.283 0.03% 0.290 0.03% 0.295 0.03%
Options - amount $5.951 $6.135 $8.649 $8.624 $11.802 $16.568 $19.949
Anderton, Niall 0.003 0.00% 0.003 0.00% 3.83% buy
Officer - Shares - Amount $0.196 $0.203
Options - percentage 0.020 0.00% 0.027 0.00% 36.04%
Options - amount $1.329 $1.807
Cunnington, Kathleen K. 0.008 0.00% 0.008 0.00% 0.017 0.00% 0.017 0.00% 0.017 0.00% 0.017 0.00% 2.66% buy
Officer - Shares - Amount $0.622 $0.627 $0.687 $0.951 $1.148 $1.179
Options - percentage 0.011 0.00% 0.014 0.00% 0.047 0.01% 0.078 0.01% 0.077 0.01% 0.087 0.01% 12.21%
Options - amount $0.840 $1.077 $1.952 $4.473 $5.214 $5.851
Bernier, Jean 0.00% 0.003 0.00% 0.015 0.00% Shows 0 0.037 0.00% 0.037 0.00% seems to have sold off
Director - Shares - Amount $0.115 $0.158 $1.180 $1.541 $2.116 shares in 2017
Options - percentage 0.04% 0.152 0.04% 0.126 0.03% 0.220 0.03% 0.224 0.02% More shares rep. July 2017
Options - amount $8.950 $9.557 $9.992 $9.147 $12.783 Was offier before
D'Amours, Jacques Class A 21.90% 32.021 21.67% 32.021 24.25% 32.021 25.23% 31.991 25.21% 63.952 25.20% 63.927 6.19% 60.678 6.18% 60.658 6.18% A -0.03% sold
Director $1,779.762 $2,010.266 $1,777.475 $2,529.324 $2,485.046 $2,663.585 $3,655.963 $4,103.079 $4,101.703 A
Class B 0.04% 0.485 0.12% 0.150 0.03% 0.150 0.03% 0.140 0.03% 0.253 0.03% 0.222 0.02% B
Amount $8.250 $30.448 $8.327 $11.849 $10.895 $10.556 $12.699 B
Options - percentage 0.00% 0.004 0.00% 0.005 0.00% 0.007 0.00% 0.009 0.00% 0.040 0.00% 0.044 0.00% 0.046 0.00% 0.048 0.00% 3.95%
Options - amount $0.096 $0.229 $0.274 $0.559 $0.672 $1.651 $2.492 $3.135 $3.259
Fortin, Richard Class A 11.09% 16.394 11.09% 16.394 12.42% 16.394 12.92% 16.394 12.92% 32.788 12.92% 32.788 3.17% 31.840 3.24% 31.840 3.24% A 0.00% even
Director $901.677 $1,029.223 $910.038 $1,294.972 $1,273.496 $1,365.631 $1,875.161 $2,153.031 $2,153.031 A
Class B 0.42% 1.444 0.34% 1.432 0.33% 0.912 0.21% 0.697 0.16% 1.207 0.15% 1.052 0.10% B
Amount $95.893 $90.623 $79.485 $72.031 $54.135 $50.263 $60.152 B
Options - percentage 0.04% 0.167 0.04% 0.019 0.00% 0.208 0.05% 0.022 0.01% 0.095 0.01% 0.099 0.01% 0.102 0.01% 0.106 0.01% 3.58%
Options - amount $9.083 $10.491 $1.031 $16.456 $1.747 $3.969 $5.686 $6.923 $7.171
Plourde, Réal 4.51% 6.671 4.51% 6.671 5.05% 6.671 5.26% 6.671 5.26% 13.341 5.26% 13.341 1.29% 21.382 2.18% 21.382 2.18% 0.00% even
Director $366.885 $418.783 $370.287 $526.914 $518.176 $555.665 $762.988 $1,445.865 $1,445.865
Class B 1.12% 4.670 1.11% 4.812 1.11% 4.652 1.06% 4.652 1.08% 9.267 1.12% 9.242 0.89%
Amount $256.839 $293.170 $267.103 $367.446 $361.352 $385.975 $528.556
Options - percentage 0.04% 0.153 0.04% 0.005 0.00% 0.007 0.00% 0.009 0.00% 0.039 0.00% 0.043 0.00% 0.046 0.00% 0.050 0.01% 7.57%
Options - amount $8.336 $9.635 $0.270 $0.556 $0.669 $1.644 $2.483 $3.124 $3.360
Bourque, Nathalie 0.03% 0.043 0.01% 0.043 0.01% 0.044 0.01%
Director - Shares - Amount $2.348 $2.680 $2.370 $3.451
Options - percentage 0.00% 0.016 0.00% 0.017 0.00% 0.019 0.00%
Options - amount $0.751 $0.990 $0.964 $1.494
Turmel, Jean 0.05% 0.189 0.04% 0.189 0.04% Ceased Insider Sep 2017
Director - Shares - Amount $10.395 $11.865 $10.491
Options - percentage 0.02% 0.096 0.02% 0.099 0.02%
Options - amount $5.130 $6.047 $5.482
Bouchard, Alain Class A 39.03% 57.676 39.03% 57.676 43.69% 57.676 45.45% 57.676 45.45% 115.353 45.45% 115.353 11.17% 123.220 12.56% 123.220 12.56% A 0.00%
Chairman $3,172.203 $3,620.926 $3,201.618 $4,555.861 $4,480.304 $4,804.446 $6,597.029 $8,332.133 $8,332.133 A
Class B 2.28% 9.488 2.26% 8.913 2.06% 7.013 1.60% 7.013 1.63% 14.026 1.70% 14.219 1.38% B
Amount $521.840 $595.657 $494.761 $553.957 $544.770 $584.183 $813.185 B
Options - percentage 0.14% 0.659 0.16% 0.329 0.08% 0.366 0.08% 0.417 0.10% 1.095 0.13% 1.223 0.12% 1.395 0.14% 1.505 0.15% 7.87%
Options - amount $31.804 $41.371 $18.247 $28.895 $32.354 $45.608 $69.969 $94.348 $101.772
Metro 21.81% 32.227 24.41% A reported in 2014, 2017
10% Holder $1,772.487 $1,788.923 A Against all shares A
Class B
10% Holder
Increase in O/S Shares 0.38% 0.226 0.05% 0.860 0.20% 0.141 0.03% 0.193 0.04% 0.224 0.05% 0.256 0.03% 0.100 0.01% 0.400 0.04%
due to SO $74.526 $12.428 $53.980 $7.813 $15.242 $17.400 $10.662 $4.165 $27.048
Book Value $19.600 $3.228 $13.000 $7.400 $8.800 $3.000 $4.400 $2.800 $7.900
Insider Buying -$0.240 -$0.182 -$0.258 -$0.865 $0.460 -$1.907 -$10.930 -$0.513 -$0.439
Insider Selling $31.087 $0.844 $98.557 $114.261 $26.557 $17.146 $11.497 $628.616 $45.036
Net Insider Selling $30.848 $0.662 $98.299 $113.396 $27.017 $15.238 $0.567 $628.103 $44.597
% of Market Cap 0.10% 0.00% 0.31% 0.25% 0.06% 0.03% 0.00% 0.95% 0.07%
Directors 11 11 11 11 13 13 16 16
Women 18% 3 27% 3 27% 3 27% 3 27% 4 31% 4 31% 5 31% 5 31%
Minorities 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0%
Institutions/Holdings 5 6.82% 5 0.94% 5 10.79% 20 81.14% 20 22.30% 20 21.16% 20 19.62%
Total Shares Held 10.078 6.82% 2.785 1.05% 27.395 21.59% 203.498 80.18% 238.887 23.13% 216.540 22.07% 191.621 19.53% Class A, B after 2020
Increase/Decrease 3 Mths 0.000 0.00% 0.000 0.00% 0.000 0.00% -11.921 -5.53% -16.201 -6.35% 7.892 3.78% 0.262 0.14% Prior, only class A
Starting No. of Shares 10.078 2.785 27.395 215.420 255.088 Top 20 MS 208.648 Top 20 MS 191.359 Top 20 MS
Institutions/Holdings 338 46.08%
Total Shares Held 403.022 36.22%
Increase/Decrease 3 Mths 0.357 0.09%
Starting No. of Shares 402.665
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