Canadian Tire Corporation (TSX:CTC.A) - Stock Price, News & Analysis

CTC.A Stock Overview

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada.

CTC.A fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	1/6
Financial Health	3/6
Dividends	4/6

Rewards

Trading at 23.9% below our estimate of its fair value

Earnings are forecast to grow 21.33% per year

Risk Analysis

Debt is not well covered by operating cash flow

Profit margins (1.3%) are lower than last year (5.9%)

Dividend of 5.13% is not well covered by earnings
See Also
Canadian Tire Corporation, Limited (CTC.A) Stock Price | Stock Quote Toronto S.E. - MarketScreener Canadian Tire (CTC.A) Stock Forecast and Price Target 2024 Canadian Tire (CTC.A) Stock Price History – wallmine.com Canadian Tire Corporation, Limited (TSX:CTC.A) Stock Price & News | The Motley Fool Canada

Large one-off items impacting financial results

Canadian Tire Corporation, Limited Competitors

DollaramaTSX:DOLCA$28.6b

AritziaTSX:ATZCA$3.9b

Pet Valu HoldingsTSX:PETCA$2.2b

Macy'sNYSE:MUS$5.8b

Price History & Performance

Summary of all time highs, changes and price drops for Canadian Tire Corporation
Historical stock prices
Current Share Price	CA$136.34
52 Week High	CA$189.82
52 Week Low	CA$128.88
Beta	1.39
1 Month Change	-3.32%
3 Month Change	-1.93%
1 Year Change	-18.29%
3 Year Change	-23.00%
5 Year Change	-5.73%
Change since IPO	1,349.02%

Recent News & Updates

Some May Be Optimistic About Canadian Tire Corporation's (TSE:CTC.A) EarningsFeb 22Canadian Tire Corporation (TSE:CTC.A) Has Announced A Dividend Of CA$1.75Feb 19

Recent updates

Some May Be Optimistic About Canadian Tire Corporation's (TSE:CTC.A) EarningsFeb 22Canadian Tire Corporation (TSE:CTC.A) Has Announced A Dividend Of CA$1.75Feb 19Canadian Tire Corporation, Limited Just Missed Earnings - But Analysts Have Updated Their ModelsFeb 17Canadian Tire Corporation, Limited's (TSE:CTC.A) Subdued P/E Might Signal An OpportunityFeb 16Estimating The Intrinsic Value Of Canadian Tire Corporation, Limited (TSE:CTC.A)Oct 02Canadian Tire Corporation (TSE:CTC.A) Has Some Way To Go To Become A Multi-BaggerAug 13Why Canadian Tire Corporation, Limited (TSE:CTC.A) Could Be Worth WatchingJul 26Estimating The Fair Value Of Canadian Tire Corporation, Limited (TSE:CTC.A)Jul 04These 4 Measures Indicate That Canadian Tire Corporation (TSE:CTC.A) Is Using Debt ExtensivelyJun 16Is It Too Late To Consider Buying Canadian Tire Corporation, Limited (TSE:CTC.A)?Apr 17Canadian Tire Corporation (TSE:CTC.A) Takes On Some Risk With Its Use Of DebtMar 13Is Canadian Tire Corporation, Limited (TSE:CTC.A) Potentially Undervalued?Jan 17Canadian Tire Corporation's (TSE:CTC.A) Dividend Will Be Increased To CA$1.73Dec 30Are Investors Undervaluing Canadian Tire Corporation, Limited (TSE:CTC.A) By 48%?Dec 18Is Canadian Tire Corporation (TSE:CTC.A) Using Too Much Debt?Nov 30Is It Time To Consider Buying Canadian Tire Corporation, Limited (TSE:CTC.A)?Oct 05Is Canadian Tire Corporation (TSE:CTC.A) Using Too Much Debt?Aug 22Here's Why We Think Canadian Tire Corporation (TSE:CTC.A) Is Well Worth WatchingAug 01Canadian Tire Corporation (TSE:CTC.A) Has Announced That It Will Be Increasing Its Dividend To CA$1.63Jul 14Should You Investigate Canadian Tire Corporation, Limited (TSE:CTC.A) At CA$167?Jun 22Canadian Tire Corporation (TSE:CTC.A) Will Pay A Larger Dividend Than Last Year At CA$1.63Jun 03Canadian Tire Corporation (TSE:CTC.A) Is Paying Out A Larger Dividend Than Last YearMay 20Is Canadian Tire Corporation, Limited (TSE:CTC.A) Trading At A 42% Discount?May 05Canadian Tire Corporation (TSE:CTC.A) Is Increasing Its Dividend To CA$1.30Apr 20Canadian Tire Corporation (TSE:CTC.A) Is Increasing Its Dividend To CA$1.30Apr 06Here's Why I Think Canadian Tire Corporation (TSE:CTC.A) Is An Interesting StockMar 16Canadian Tire Corporation, Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their PredictionsFeb 19Is Now The Time To Look At Buying Canadian Tire Corporation, Limited (TSE:CTC.A)?Feb 06

Shareholder Returns

	CTC.A	CA Multiline Retail	CA Market
7D	-0.1%	-2.4%	0.8%
1Y	-18.3%	60.4%	7.3%

Return vs Industry: CTC.A underperformed the Canadian Multiline Retail industry which returned 60.4% over the past year.

Return vs Market: CTC.A underperformed the Canadian Market which returned 7.3% over the past year.

Price Volatility

Is CTC.A's price volatile compared to industry and market?
CTC.A volatility
CTC.A Average Weekly Movement	2.9%
Multiline Retail Industry Average Movement	7.4%
Market Average Movement	8.8%
10% most volatile stocks in CA Market	18.3%
10% least volatile stocks in CA Market	3.3%

Stable Share Price: CTC.A has not had significant price volatility in the past 3 months.

Volatility Over Time: CTC.A's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1922	24,064	Greg Hicks	https://www.corp.canadiantire.ca

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. It operates in three segments: Retail, CT REIT, and Financial Services. The Retail segment retails automotive maintenance products and accessories, parts, and tires, as well as automotive services and roadside assistance; electrical, hardware, home environment, paint, plumbing, and tool products; cleaning, food & drink, home décor, home essentials, home organization, kitchen, and pet care products; camping, exercise, hockey, hunting, fishing, seasonal recreation, and team sports and golf products; and backyard living, backyard fun, cycling, gardening, outdoor tools, seasonal, and toy products.

Canadian Tire Corporation, Limited Fundamentals Summary

How do Canadian Tire Corporation's earnings and revenue compare to its market cap?
CTC.A fundamental statistics
Market cap	CA$8.01b
Earnings (TTM)	CA$213.30m
Revenue (TTM)	CA$16.66b

35.6x

P/E Ratio

0.5x

P/S Ratio

Is CTC.A overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CTC.A income statement (TTM)
Revenue	CA$16.66b
Cost of Revenue	CA$10.23b
Gross Profit	CA$5.31b
Other Expenses	CA$5.09b
Earnings	CA$213.30m

Last Reported Earnings

Dec 30, 2023

Next Earnings Date

May 09, 2024

Earnings per share (EPS)	3.83
Gross Margin	31.85%
Net Profit Margin	1.28%
Debt/Equity Ratio	144.2%

How did CTC.A perform over the long term?

See historical performance and comparison

Dividends

5.1%

Current Dividend Yield

183%

Payout Ratio

Does CTC.A pay a reliable dividends?

See CTC.A dividend history and benchmarks

When do you need to buy CTC.A by to receive an upcoming dividend?
Canadian Tire Corporation dividend dates
Ex Dividend Date	Apr 29 2024
Dividend Pay Date	Jun 01 2024
Days until Ex dividend	48 days
Days until Dividend pay date	81 days