TMX Group Ltd

Sound bite for Twitter is: Dividend Growth Financial. Results of stock price testing is that the stock price is probably on the expensive side. Debt Ratios are fine but Liquidity could improve. The Dividend Payout Ratios (DPR) are good. The current dividend yield is low with dividend growth moderate. See my spreadsheet on TMX Group Ltd.

Is it a good company at a reasonable price? This stock is down from it recent high and is lower than the highs made in 2025. You have to wonder if it is not going to be rather flat for the next while as it was from 2020 to 2023. (Generally called a consolidation.) A lot of measures are saying it is expensive. I would go along with that and think that now is not the time to buy. What you pay for a stock really affects your long term returns. However, it is always best to buy a stock you like over time and in different months.

I do not own this stock of TMX Group Ltd (TSX-X, OTC-TMXXF). I looked at this stock in 2008 after I found it on a list of Strongest Dividend Growth stocks. I am interested in such stocks.

When I was updating my spreadsheet, I noticed that this stock has done quite well for its shareholders. Good growth over the past 5 and 10 years. Good Total Return since over the last 23 years ago. See the Total Growth chart in a paragraph below and the growth in the chart below. In the chart below, I am showing 5 and 10 year total growth and per year growth in columns 3 and 4. Column 5 shows growth expected over 12 months to the first quarter in 2026 and expected growth over this year.

Yr	Item	Tot. Gwth	Per Year	Gwth	Coverage
5	Revenue Growth	98.50%	14.70%	4.02%	<-12 mths
5	AEPS Growth	81.12%	12.61%	28.73%	<-12 mths
5	Net Income Growth	48.62%	8.25%	28.55%	<-12 mths
5	Cash Flow Growth	86.13%	13.23%	3.05%	<-12 mths
5	Dividend Growth	54.41%	9.08%	14.29%	<-12 mths
5	Stock Price Growth	105.40%	15.48%	-7.33%	<-12 mths
10	Revenue Growth	139.50%	9.13%	11.69%	<-this year
10	AEPS Growth	192.58%	11.33%	15.02%	<-this year
10	Net Income Growth	894.84%	25.83%	47.90%	<-this year
10	Cash Flow Growth	205.55%	11.82%	3.05%	<-this year
10	Dividend Growth	162.50%	10.13%	25.48%	<-this year
10	Stock Price Growth	629.67%	21.99%	25.46%	<-this year

If you had invested in this company in December 2015, for $1,002.12 you would have bought 140 shares at $7.16 per share. In December 2025, after 10 years you would have received $808.08 in dividends. The stock would be worth $7,312.20. Your total return would have been $8,120.28. This would be a total return of 25.36% per year with 21.99% from capital gain and 3.37% from dividends. This calculation takes into consideration stock splits, which means that the original cost would be lowered by these splits.

Cost	Tot. Cost	Shares	Years	Dividends	Stock Val	Tot Ret
$7.16	$1,002.12	140	10	$808.08	$7,312.20	$8,120.28

The current dividend yield is low with dividend growth moderate. The current dividend yield is low (below 2%) at 1.91%. The 5, 10 and historical median dividend yields are moderate (2% to 4% ranges) at 2.28%, 2.47% and 2.74%. The dividend increases for the last 5 years have been moderate (8% to 14% per year) at 9.1% per year. The dividend increase was in 2026 and it was for 9.09%. However, because of past dividend increases the dividends paid in 2026 is 14.29% higher than those paid in 2025.

The Dividend Payout Ratios (DPR) are good. The DPR for 2025 for Earnings per Share (EPS) is high at 56% with 5 year coverage good at 47%. The DPR for 2025 for Adjusted Earnings per Share (AEPS) is good at 39% with 5 year coverage at 44%. The DPR for 2025 for Cash Flow per Share (CFPS) is good at 25% with 5 year coverage at 27%. The DPR for 2025 for Free Cash Flow (FCF) is good at 42% with 5 year coverage at 44%. FCF for 2025 varies from $551M to $644M.

Item	Cur	5 Years
EPS	56.38%	46.67%
AEPS	39.44%	44.20%
CFPS	24.50%	27.26%
FCF	42.42%	43.78%

Debt Ratios are fine but Liquidity could improve. The Long Term Debt/Market Cap Ratio for 2025 is good at 0.11 and currently at 0.11. The Liquidity Ratio for 2025 is low at 1.00 and 1.00 currently. If you added in Cash Flow after dividends the DPR is not much better with the ratios at 1.01 and currently at 1.01. The Debt Ratio for 2025 is fine at 1.11 and 1.10 currently as it is a financial stock.

Type	Year End	Ratio Curr
Lg Term R	0.11	0.11
Intang/GW	0.35	0.53
Liquidity	1.00	1.00
Liq. + CF	1.01	1.01
Debt Ratio	1.11	1.10

The Total Return per Year is shown below for years of 5 to 23 to the end of 2025. Under the Capital Gain column is the portion of the Total Return attributable to capital gains. Under the Dividend column is the portion of the Total Return attributable to dividends. See chart below.

From	Years	Div. Gth	Tot Ret	Cap Gain	Div.
2020	5	9.08%	17.59%	15.48%	2.10%
2015	10	10.13%	25.36%	21.99%	3.37%
2010	15	6.92%	16.57%	13.92%	2.65%
2005	20	8.01%	10.98%	8.95%	2.03%
2002	23	11.96%	21.16%	14.93%	6.23%

The 5-year low, median, and high median Price/Earnings per Share Ratios are 20.28, 22.17, and 23.71. The corresponding 10 year ratios are 17.06, 21.82 and 23.71. The corresponding historical ratios are 17.71, 21.87 and 24.25. The current ratio is 22.50 based on a stock price of $50.25 and EPS estimate for 2026 of $2.23. The current ratio is between the median and high ratios of the 10 year median ratios. This stock price testing suggests that the stock price is relatively reasonable but above the median.

I also have Adjusted Earnings per Share (AEPS) data. The 5-year low, median, and high median Price/Adjusted Earnings per Share Ratios are 17.97, 19.96 and 21.95. The corresponding 10 year ratios are 16.59, 19.14 and 20.98. The corresponding historical ratios are 15.08, 18.56 and 19.98. The current ratio is 20.51 based on a stock price of $50.25 and AEPS estimate for 2026 of $2.45. The current ratio is between the median and high ratios of the 10 year median ratios. This stock price testing suggests that the stock price is relatively reasonable but above the median.

I get a Graham Price of $31.24. The 10-year low, median, and high median Price/Graham Price Ratios are 1.06, 1.25 and 1.42. The current ratio is 1.61 based on a stock price of $50.25. The current ratio is above the high ratio of the 10 year median ratio. This stock price testing suggests that the stock price is relatively expensive.

I get a 10-year median Price/Book Value per Share Ratio of 1.83. The current ratio is 2.84 based on a Book Value of $4,883M, Book Value per Share of $17.71 and a stock price of $50.25. The current ratio is 55% above the 10 year median ratio. This stock price testing suggests that the stock price is relatively expensive.

I get a 10-year median Price/Cash Flow per Share Ratio of 15.67. The current ratio is 17.74 based on Cash Flow per Share estimate for 2026 of $2.83, Cash Flow of $781M and a stock price of $50.25. The current ratio is 13% above the 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable but above the median.

I get an historical median dividend yield of 2.74%. The current dividend yield is 1.91% based on dividends of $0.96 and a stock price of $50.25. The current dividend yield is 30% below the historical median dividend yield. This stock price testing suggests that the stock price is relatively expensive.

I get an historical median dividend yield of 2.47%. The current dividend yield is 1.91% based on dividends of $0.96 and a stock price of $50.25. The current dividend yield is 22% below the historical median dividend yield. This stock price testing suggests that the stock price is relatively expensive.

The 10-year median Price/Sales (Revenue) Ratio is 7.37. The current P/S Ratio is 7.22. The current ratio is 2% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable and below the median.

Results of stock price testing is that the stock price is probably on the expensive side. The 10 year dividend yield test is saying that the stock price is relatively expensive. The P/S Ratio is not confirming that and it is saying it is relatively reasonable. However, the rest of the testing is either saying that the stock price is reasonable but above the median or expensive.

When I look at analysts’ recommendations, I find Strong Buy (1), Buy (3), and Hold (1). The consensus would be a Buy. The 12 month stock price consensus is $65.53 with a high of $71 and low of $59.00. The 12 month stock price consensus implies a total return of 32.32% with 30.41% from capital gains and 1.91% from dividends based on a current stock price of $50.25.

Mostly analysts on Stock Chase think this company is a buy. However, one analyst was worried about how AI might affect the company. Iain Butler on Motley Fool thinks that this is a good time to buy this stock. Amy Legate-Wolfe on Motley Fool also thinks that now is a good time to buy this stock. The company put out a Press Release about their fourth quarter of 2025. The company put out a Press Release about their first quarter of 2026.

Simply Wall Street via Yahoo Finance thinks that this stock is overvalued and is worth around $46.27 currently. And there is another Simply Wall Street via Yahoo Finance that says that this stock is undervalued and is worth around $65.03 currently. Simply Wall Street has no warning out on this stock.

TMX Group Ltd is a company that operates several markets to provide investment opportunities for its clients. The company has four operating segments: Global Solutions, Insights & Analytics, Capital Formation, Derivatives Trading & Clearing, and Equities and Fixed Income Trading & Clearing. The company geographically operates in Canada, USA, UK, Germany, and Other Countries, with maximum revenue from Canada. Its web site is here TMX Group Ltd.

The last stock I wrote about was about was Suncor Energy Inc (TSX-SU, NYSE-SU) ... learn more. The next stock I will write about will be Dorel Industries Inc (TSX-DII.B, OTC-DIIBF) ... learn more on Monday, July 20, 2026 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Suncor Energy Inc

Sound bite for Twitter is: Dividend Growth Resource. Results of stock price testing is that the stock price is probably on the expensive side. Debt Ratios are fine. The Dividend Payout Ratios (DPR) are good. The current dividend yield is moderate with dividend growth good. See my spreadsheet on Suncor Energy Inc.

Is it a good company at a reasonable price? I think that you can make money from resource stocks, but you have to be careful when you buy them as they are rather cyclical. If you look at its chart, it is just off its recent high.

I do not own this stock of Suncor Energy Inc (TSX-SU, NYSE-SU). I started following this stock as Petro-Canada (TSX-PCA). It was on Mike Higgs' list of dividend growth stocks. This was also a key stock for the Investment Reporter. My spreadsheet follows PCA into SU. PCA and SU merged in 2009. Note that this merger is more than 10 year ago and most of my results I look at are 5 and 10 years.

When I was updating my spreadsheet, I noticed that the CEO and CFO own no shares according to INK. Some officers do. This stock is cyclical. However, they have had good growth over the past 5 and 10 years and analysts think this will continue. In the chart below, I am showing 5 and 10 year total growth and per year growth in columns 3 and 4. In column 5, I am showing what growth has been over the past 12 months to March 31, 2026 and what is expected to the end of this year.

Yr	Item	Tot. Gwth	Per Year	Gwth	Coverage
5	Revenue Growth	71.83%	11.43%	4.94%	<-12 mths
5	AEPS Growth	413.61%	38.72%	18.00%	<-12 mths
5	Net Income Growth	237.02%	27.51%	6.94%	<-12 mths
5	Cash Flow Growth	377.79%	36.73%	2.18%	<-12 mths
5	Dividend Growth	110.96%	16.10%	3.90%	<-12 mths
5	Stock Price Growth	185.34%	23.33%	28.07%	<-12 mths
10	Revenue Growth	42.78%	3.63%	44.08%	<-this year
10	AEPS Growth	356.44%	16.40%	108.46%	<-this year
10	Net Income Growth	396.64%	17.38%	80.13%	<-this year
10	Cash Flow Growth	85.66%	6.38%	39.53%	<-this year
10	Dividend Growth	102.63%	7.32%	5.06%	<-this year
10	Stock Price Growth	70.55%	5.48%	65.10%	<-this year

If you had invested in this company in December 2015, for $1,000.16 you would have bought 28 shares at $35.72 per share. In December 2025, after 10 years you would have received $453.74 in dividends. The stock would be worth $1,705.76. Your total return would have been $2,159.50. This would be a total return of 8.95% per year with 5.48% from capital gain and 3.47% from dividends.

Cost	Tot. Cost	Shares	Years	Dividends	Stock Val	Tot Ret
$35.72	$1,000.16	28	10	$453.74	$1,705.76	$2,159.50

The current dividend yield is moderate with dividend growth good. The dividend yield is moderate (2% to 4% ranges) at 2.82%. The 5, 10 year and historical median dividend yields are moderate at 4.74%, 4.16% and 3.17%. The dividend growth is good (15% per year and higher) at 16.1% per year over the past 5 years. The last dividend increase was in 2025 and it was for 5.3%. The increase in 2025 was for 4.59. in 2021 and in 2020 the dividends were decreased by 55%. In the past 31 years, the dividends have been increased 23 times and decreased 2 times. So you should be careful about counting on the dividends.

The Dividend Payout Ratios (DPR) are good. The DPR for 2025 for Earnings per Share (EPS) is good at 48% with 5 year coverage at 38%. The DPR for 2025 for Adjusted Funds from Operations (AFFO) is good at 22% with 5 year coverage at 19%. The DPR for 2025 for Adjusted Earnings per Share (AEPS) is high at 50% with 5 year coverage good at 39%. The DPR for 2025 for Cash Flow per Share (CFPS) is good at 22% with 5 year coverage at 18%. The DPR for 2025 for Free Cash Flow (FCF) is good at 40% with 5 year coverage at 34%. The FCF for 2025 do not vary much and they vary from $6,925 to $6,930.

Item	Current	5 Years
EPS	47.63%	37.90%
AFFO	22.02%	18.52%
AEPS	50.11%	39.15%
CFPS	21.57%	18.08%
FCF	40.53%	33.62%

Debt Ratios are fine. The Long Term Debt/Market Cap Ratio for 2025 is good at 0.12 and currently at 0.09. The Liquidity Ratio for 2025 is low at 1.39 and 1.42 currently. If you added in Cash Flow after dividends, the ratios are fine at 2.38 and currently at 2.63. The Debt Ratio for 2025 is good at 2.01 and 1.97 currently. The Leverage and Debt/Equity Ratios for 2025 are good at 1.99 and 0.99 and currently fine at 2.03 and 1.03.

Type	Year End	Ratio Curr
Lg Term R	0.12	0.09
Intang/GW	0.05	0.03
Liquidity	1.39	1.42
Liq. + CF	2.38	2.63
Debt Ratio	2.01	1.97
Leverage	1.99	2.03
D/E Ratio	0.99	1.03

The Total Return per Year is shown below for years of 5 to 30 to the end of 2025. Under the Capital Gain column is the portion of the Total Return attributable to capital gains. Under the Dividend column is the portion of the Total Return attributable to dividends. See chart below.

From	Years	Div. Gth	Tot Ret	Cap Gain	Div.
2020	5	5.59%	29.09%	23.33%	5.76%
2015	10	8.01%	8.95%	5.48%	3.47%
2010	15	14.22%	5.75%	3.15%	2.61%
2005	20	15.91%	4.55%	2.57%	1.98%
2000	25	13.91%	10.16%	7.68%	2.47%
1995	30	12.57%	14.22%	10.99%	3.23%

The 5-year low, median, and high median Price/Earnings per Share Ratios are 6.34, 7.99 and 9.65. The corresponding 10 year ratios are 9.11, 10.89 and 12.67. The corresponding historical ratios are 8.96, 11.15 and 13.73. The current ratio of 9.21 based on a stock price of $85.22 and EPS estimate for 2026 of $9.26. The current ratio is between low and median ratio of the 10 year median ratios. This stock price testing suggests that the stock price is relatively reasonable and below the median.

I also have Adjusted Earnings per Share (AEPS) data. The 5-year low, median, and high median Price/Adjusted Earnings per Share Ratios are 7.35, 8.65 and 10.44. The corresponding 10 year ratios are 7.59, 8.97 and 10.60. The corresponding historical ratios are 9.85, 12.06 and 14.28. The current ratio of 8.87 based on a stock price of $85.22 and AEPS estimate for 2026 of $8.61. The current ratio is between low and median ratio of the 10 year median ratios. This stock price testing suggests that the stock price is relatively reasonable and below the median.

I get a Graham Price of $91.42. The 10-year low, median, and high median Price/Graham Price Ratios are 0.68, 0.84 and 1.06. The current ratio is 0.93 based on a stock price of $85.22. The current ratio is between the median and high ratios of the 10 year median ratios. This stock price testing suggests that the stock price is relatively reasonable but above the median.

I get a 10-year median Price/Book Value per Share Ratio of 1.38. The current ratio is 2.20 based on a Book Value of $45,776M, Book Value per Share of $38.66 and a stock price of $85.22. The current ratio is 59% above the 10 year median ratio. This stock price testing suggests that the stock price is relatively expensive.

I also have a Book Value per Share estimate for 2026 of $41.35. This produces a ratio of 2.06 with a Book Value of $48,966M and a stock price of $85.22. This ratio is 49% above the 10 year median ratio of 1.38. This stock price testing suggests that the stock price is relatively expensive.

I get a 10-year median Price/Cash Flow per Share Ratio of 5.57. The current ratio is 5.66 based on Cash Flow per Share estimate for 2026 of $15.06, Cash Flow of $17,834M and a stock price of $85.22. The current ratio is 2% above the 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable but above the median.

I get an historical median dividend yield of 3.17%. The current dividend yield is 2.82% based on a Dividend of $2.40 and a stock price of $85.22. The current dividend yield is 11% below the historical median dividend yield. This stock price testing suggests that the stock price is relatively reasonable but above the median.

I get a 10 year median dividend yield of 4.16%. The current dividend yield is 2.82% based on a Dividend of $2.40 and a stock price of $85.22. The current dividend yield is 32% below the 10 year median dividend yield. This stock price testing suggests that the stock price is relatively expensive.

The 10-year median Price/Sales (Revenue) Ratio is 1.58. The current ratio is 1.65 based on Revenue estimate for 2026 of $61,056M, Revenue per Share of $51.56 and a stock price of $85.22. The current ratio is 5% above the 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable but above the median.

Results of stock price testing is that the stock price is probably on the expensive side. The 10 year dividend yield test says that the stock price is relatively expensive. The P/S Ratio test says that it is relatively reasonable but above the median. The rest of the testing goes from relatively reasonable and below the median to expensive, but most showing a relatively reasonable stock price.

When I look at analysts’ recommendations, I find Strong Buy (7), Buy (5), Hold (7), Underperform (1). The consensus is a Strong Buy. The 12 month stock price consensus is $100.58 with a high of $118.00 and low of $72.00. The 12 month stock price consensus of $100.58 implies a total return of 20.84% with 18.02% from capital gains and 2.82% from dividends based on a current stock price of $85.22.

Analysts on Stock Chase seem to like this company. Some think it is a buy and others a Hold and one a Sell. Joey Frenette on Motley Fool looks at Enbridge and Suncor and feels that Enbridge is the better current buy for July 2026. Amy Legate-Wolfe on Motley Fool thinks that the recent pull back in price gives you a better buying price for a cash-generating energy heavyweight. The company put out a press release via Energy Now about their fourth quarter results for 2025. The company put out a press release via Energy Now about their first quarter of 2026 results.

Simply Wall Street via Yahoo Finance reviews this stock and asks if it is under or over-valued. Simply Wall Street has one warning of Unstable dividend track record and that is correct.

Suncor Energy Inc is an integrated energy company. The company's operations span the full energy value chain, including oil sands mining and in situ operations, upgrading, offshore production, petroleum refining in Canada and the U.S., marketing, and trading, and nationwide PetroCanada retail and wholesale networks delivering reliable energy that fuels economic growth and meets the needs of customers across Canada and globally. Geographically, the company generates a majority of its revenue from Canada. Its web site is here Suncor Energy Inc.

The last stock I wrote about was about was Jamieson Wellness Inc (TSX-JWEL, OTC-JWLLF) ... learn more. The next stock I will write about will be TMX Group Ltd (TSX-X, OTC-TMXXF) ... learn more on Friday, July 17, 2026 around 5 pm. Tomorrow on my other blog I will write about Canadian American Relationship.... learn more on Thursday, July 16, 2026 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Jamieson Wellness Inc

Sound bite for Twitter is: Dividend Growth Consumer. Results of stock price testing is that the stock price is probably cheap. Debt Ratios are fine. The Dividend Payout Ratios (DPR) are good. The current dividend yield is moderate with dividend growth moderate. See my spreadsheet on Jamieson Wellness Inc.

Is it a good company at a reasonable price? Even though this stock has not done much in Stock Price over the past 5 years, I still like this stock. It generally has good growth. It is a small cap and I did buy it with my fooling around money. I plan to hold on to the stock I have. Currently the stock price seems to be on the cheap side.

I own this stock of Jamieson Wellness Inc (TSX-JWEL, OTC-JWLLF). This stock was written up in November 26, 2020 by Kay Ng on Motley Fool. She looked at what Warren Buffet was buying and pick some similar stocks, including Jamieson from TSX. I am buying Jamison because it is cheap and I think that it will do well in the future. It has only been on the stock market for 8 years. However, the dividend increases are good. I understand the risks I am taking. I bought this with my fooling around money.

When I was updating my spreadsheet, I noticed all the officer I follow bought more stock last year. This includes the CFO and CFO. One of the directors I follow also bought more shares. Ink shows lots of selling, but it is just officers and directors not picking up options.

If you had invested in this company in July 17, 2017, for $1,003.40 you would have bought 58 shares at $17.30 per share. In December 2025, after just over some 8 years you would have received $273.76 in dividends. The stock would be worth $1,951.70. Your total return would have been $2,225.46. This would be a total return of 9.87% per year with 8.18% from capital gain and 1.69% from dividends.

Cost	Tot. Cost	Shares	Years	Dividends	Stock Val	Tot Ret
$17.30	$1,003.40	58	8.46	$273.76	$1,951.70	$2,225.46

The current dividend yield is moderate with dividend growth moderate. The current dividend yield is moderate (2% to 4% ranges) at 2.19%. The 5 year median dividend yield is moderate at 2.31%. The 8 year and historical median dividend yield is low (below 2%) at 1.64% and 1.64%. The dividends have been increased at a moderate level (8% to 14% ranges) at 13.3% per year over the past 5 years. The last dividend increase was in 2025 and it was for 9.5%.

The Dividend Payout Ratios (DPR) are good. The DPR for 2025 for Earnings per Share (EPS) is high at 60% with 5 year coverage at 58%. The DPR for 2025 for Adjusted Earnings per Share (AEPS) is good at 47% with 5 year coverage at 45%. DPRs in the 40% range is probably the best. The DPR for 2025 for Cash Flow per Share (CFPS) is good at 36% with 5 year coverage at 37%. This DPR below at 40% or lower is good. The DPR for 2025 for Free Cash Flow (FCF) is good at 43% with 5 year coverage at 44%. The FCF for 2025 range from $69.8M to $86.9M. I am using the $86.9M value.

Item	Cur	5 Years
EPS	60.27%	57.62%
AEPS	47.57%	45.33%
CFPS	36.32%	36.61%
FCF	42.81%	44.39%

Debt Ratios are fine. The Long Term Debt/Market Cap Ratio for 2025 is good at 0.20 and currently at 0.30. The Liquidity Ratio for 2025 is good at 1.53 and 1.59 currently. The Debt Ratio for 2025 is good at 1.83 and 1.77 currently. The Leverage and Debt/Equity Ratios for 2025 are fine at 2.39 and 1.31 and currently at 2.50 and 1.41.

Type	Year End	Ratio Curr
Lg Term R	0.20	0.30
Intang/GW	0.43	0.46
Liquidity	2.53	2.59
Liq. + CF	2.69	2.86
Debt Ratio	1.83	1.77
Leverage	2.39	2.50
D/E Ratio	1.31	1.41

The Total Return per Year is shown below for years of 5 to 9 to the end of 2025. Under the Capital Gain column is the portion of the Total Return attributable to capital gains. Under the Dividend column is the portion of the Total Return attributable to dividends. See chart below.

Years	Div. Gth	Tot Ret	Cap Gain	Div.
5	13.36%	0.63%	-1.41%	2.04%
8.46	14.55%	9.87%	8.18%	1.69%

The 5-year low, median, and high median Price/Earnings per Share Ratios are 25.84, 28.51 and 31.18. The corresponding 8 year and historical ratios are 23.77, 28.51 and 32.95. The current ratio is 19.61 based on EPS of $2.14 and a stock price of $41.96. The current ratio is below the low ratios of the 8 year median ratios. This stock price testing suggests that the stock price is relatively cheap.

I also have Adjusted Earnings per Share (AEPS) data. The 5-year low, median, and high median Price/Adjusted Earnings per Share Ratios are 20.22, 21.52 and 23.92. The corresponding 9 year and historical ratios are 20.70, 22.99 and 27.46. The current ratio is 19.61 based on AEPS of $2.14 and a stock price of $41.96. The current ratio is below the low ratios of the 8 year median ratios. This stock price testing suggests that the stock price is relatively cheap.

I get a Graham Price of $23.91. The 9-year low, median, and high median Price/Graham Price Ratios are 1.70, 1.88 and 2.20. The current ratio is 1.76 based on a stock price of $41.96. The current ratio is between the low and median ratios of the 9 year median ratios. This stock price testing suggests that the stock price is relatively reasonable and below the median.

I get a 9-year median Price/Book Value per Share Ratio of 3.33. The current ratio is 3.53 based on a Book Value of $492M, Book Value per Share of $11.87 and a stock price of $41.96. The current ratio is 6% above the 9 year median ratio. This stock price testing suggests that the stock price is relatively reasonable but above the median.

I also have a Book Value per Share estimate for 2026 of $14.43. This gives a ratio of 2.90 based on a Book Value of $600M, Book Value per Share of $14.43 and a stock price of $41.96. The ratio is 13% below the 9 year median ratio. This stock price testing suggests that the stock price is relatively reasonable and below the median.

I get a 9-year median Price/Cash Flow per Share Ratio of 32.52. The current ratio is 20.77 based Cash Flow per Share estimate for 2026 of $2.02, Cash Flow of $83.8M and a stock price of $41.96. The current ratio is 36% below the 9 year median ratio. This stock price testing suggests that the stock price is relatively cheap.

I get an historical and 9 year median dividend yield of 1.64%. The current dividend yield is 2.19% based on dividends of $0.92 and a stock price of $41.96. The current dividend yield is 34% above the historical and 9 yar median dividend yield. This stock price testing suggests that the stock price is relatively cheap.

The 9-year median Price/Sales (Revenue) Ratio is 2.48. The current P/S Ratio is 1.89 based on Revenue estimate for 2026 of $919M, Revenue per Share of $22.16 and a stock price of $41.96. The current ratio is 24% below the 9 year median ratio. This stock price testing suggests that the stock price is relatively cheap.

Results of stock price testing is that the stock price is probably cheap. The 9 year median dividend yield test says this and it is confirmed by the P/S Ratio test. The other tests vary from cheap to reasonable but above the median.

When I look at analysts’ recommendations, I find Strong Buy (4), and Buy (3). The consensus would be a Strong Buy. The 12 month consensus stock price is $46.21 with a high of $51.00 and low of $44.00. The consensus stock price of $46.21 implies a total return of 12.32% with 10.13% from capital gains and 2.19% from dividends based on a current stock price of $41.96.

For 2025 on Stock Chase there is a Top Pick, Buy, Watch and Hold recommendations. A positive that is mentioned is that it is growing in China due to attention to quality. Daniel Da Costa on Motley Fool this is stock is a defensive growth stock. Adam Othman on Motley Fool thinks this stock is a cheap growth stock. The company put out Press Release about their fourth quarter of 2025. The company put out a press release via Businesswire about their first quarter of 2026 results.

This article on The Canadian press via Yahoo Finance says that the company is in talks about an offer to buy the company. Personally, I hope that is not bought. Simply Wall Street via Yahoo Finance reviews this stock and think that it is undervalued. They like the fact it went from an earnings loss of $0.06 to earnings of $0.23.

Jamieson Wellness Inc is engaged in the manufacturing, development, distribution, and marketing of branded natural health products, including vitamins, minerals, and supplements. Geographically, the majority of its revenue is derived from the domestic market. Its web site is here Jamieson Wellness Inc.

The last stock I wrote about was about was Premium Brands Holdings Corp (TSX-PBH, OTC-PRBZF) ... learn more. The next stock I will write about will be Suncor Energy Inc (TSX-SU, NYSE-SU) ... learn more on Wednesday, July 15, 2026 around 5 pm. Tomorrow on my other blog I will write about Bill Ackman by Robin Speziale.... learn more on Tuesday, July 14, 2026 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Premium Brands Holdings Corp

Sound bite for Twitter is: Dividend Growth Consumer. Results of stock price testing is that the stock price is probably cheap. Debt Ratios could be improved and the company has a lot of debt. The Dividend Payout Ratios (DPR) are too high but analysts hope they will improve in 2027. The current dividend yield is moderate with dividend growth moderate, but currently stalled. See my spreadsheet on Premium Brands Holdings Corp.

Is it a good company at a reasonable price? If you like this stock, now would be the time to buy because it is cheap. There is certainly a risk because of its debt. It has done well in the past and hopefully will do well again in the future. Analysts expect that it DPR will be good going forward from 2027. They will probably increase the dividends when the DPR is better. It is certainly relatively cheap at the present time.

I do not own this stock of Premium Brands Holdings Corp (TSX-PBH, OTC-PRBZF). I was looking for another stock to follow and I found this as one of the top stocks in TD Bank's Canadian Equity Fund in 2016.

When I was updating my spreadsheet, I noticed EPS decline has to do with business acquisitions and equity losses. Note that Adjusted EPS went up. I noticed that they have stopped dividend increases since 2024. They needed to as the DPRs were getting too high. This company has so far done well for its shareholders but currently, it has too much debt. This stock used to be an income trust and such companies could pay more dividends than corporations can. All the old income trust companies are having a hard time getting their dividend levels right and this stock is no exception.

If you had invested in this company in December 2015, for $1,1031.13 you would have bought 27 shares at $38.19 per share. In December 2025, after 10 years you would have received $654.08 in dividends. The stock would be worth $2,746.17. Your total return would have been $3,400.25. This would be a total return of 14.23% per year with 10.29% from capital gain and 3.94% from dividends.

Cost	Tot. Cost	Shares	Years	Dividends	Stock Val	Tot Ret
$38.19	$1,031.13	27	10	$654.08	$2,746.17	$3,400.25

For this company, the 5 year growth in such things as cash flow has not been as good as for the past 10 years, but analysts seem to think that growth will be very good this year for Net Income and Cash Flow. They also think that the stock price will growth well this year. In the chart below, I am showing 5 and 10 year total growth and per year growth in columns 3 and 4. Column 5 shows growth expected over 12 months to the first quarter in 2026 and expected growth over this year.

Yr	Item	Tot. Growth	Per Year	Gwth	Coverage
5	Revenue Growth	83.76%	12.94%	4.97%	<-12 mths
5	AEPS Growth	49.84%	8.42%	4.16%	<-12 mths
5	Net Income Growth	-51.61%	-13.51%	0.74%	<-12 mths
5	Cash Flow Growth	-58.82%	-16.26%	-60.58%	<-12 mths
5	Dividend Growth	50.61%	8.54%	0.00%	<-12 mths
5	Stock Price Growth	0.97%	0.19%	-13.37%	<-12 mths
10	Revenue Growth	403.66%	17.55%	24.38%	<-this year
10	AEPS Growth	152.49%	9.70%	33.92%	<-this year
10	Net Income Growth	246.33%	13.23%	560.49%	<-this year
10	Cash Flow Growth	38.97%	3.35%	403.16%	<-this year
10	Dividend Growth	158.56%	9.97%	0.00%	<-this year
10	Stock Price Growth	166.33%	10.29%	20.85%	<-this year

The current dividend yield is moderate with dividend growth moderate, but currently stalled. The current dividend yield is moderate (2% to 4% ranges) at 3.86%. The 5, 10 and historical median dividend yield is moderate at 3.07%, 2.68% and 4.15%. The historical median dividend yield is rather high because this company used to be an income trust until 2009. The dividend growth is moderate (8% to 14% ranges) at 8.5% per year over the past 5 years. The last dividend increase was in 2024 and it was for 10.39%.

The Dividend Payout Ratios (DPR) are too high but analysts hope they will improve in 2027. The DPR for 2025 for Earnings per Share (EPS) is far too high at 378% with 5 year coverage at 121%. The DPR for 2025 for Free Cash Flow calculated by the company (FCF Co.) is high at 52% with 5 year coverage fine at 49%. The DPR for 2025 for Adjusted Earnings per Share (AEPS) is too high at 74% with 5 year coverage at 69%. The DPR for 2025 for Cash Flow per Share (CFPS) is good at 40% with 5 year coverage at 39%. The DPR for 2025 for Free Cash Flow (FCF) is too high at 90% with 5 year coverage at 185%. With level dividends analysts think that the DPR will improve to the 40% range in 2027.

Item	Cur	5 Years
EPS	377.78%	121.13%
FCF Co.	51.52%	49.36%
AEPS	74.40%	68.93%
CFPS	39.11%	38.69%
FCF	89.76%	184.94%

Debt Ratios could be improved and the company has a lot of debt. The Long Term Debt/Market Cap Ratio for 2025 is good at 0.40 and currently at 0.48. The Liquidity Ratio for 2025 is low at 1.23 and 1.28 currently. If you added in Cash Flow after dividends, the ratios are low at 1.18 and currently better at 1.44. The Debt Ratio for 2025 is low at 1.39 and 1.46 currently. The Leverage and Debt/Equity Ratios for 2025 are too high at 4.39 and 3.16 and currently at 3.18 and 2.18. I prefer these ratios to be below 3.00 and 2.00.

Type	Year End	Ratio Curr
Lg Term R	0.40	0.48
Intang/GW	0.30	0.20
Liquidity	1.23	1.28
Liq. + CF	1.18	1.44
Debt Ratio	1.39	1.46
Leverage	4.39	3.18
D/E Ratio	3.16	2.18

The Total Return per Year is shown below for years of 5 to 30 to the end of 2025. Under the Capital Gain column is the portion of the Total Return attributable to capital gains. Under the Dividend column is the portion of the Total Return attributable to dividends. See chart below.

From	Years	Div. Gth	Tot Ret	Cap Gain	Div.
2020	5	8.54%	3.14%	0.19%	2.94%
2015	10	9.97%	14.23%	10.29%	3.94%
2010	15	7.33%	19.87%	14.17%	5.70%
2005	20	5.45%	20.13%	12.89%	7.24%
2000	25		10.68%	7.61%	3.07%
1995	30		13.02%	9.89%	3.13%

The 5-year low, median, and high median Price/Earnings per Share Ratios are 33.02, 38.97 and 44.91. The corresponding 10 year ratios are 27.78, 34.12 and 41.20. The corresponding historical ratios are 20.46, 23.10 and 25.74. The current ratio is 16.05 based on a stock price of $88.11 and EPS estimate for 2026 of $5.49. The current ratio is below the below the low ratio of the 10 year median ratios. This stock price testing suggests that the stock price is relatively cheap.

I also have Adjusted Earnings per Share (AEPS) data. The 5-year low, median, and high median Price/Earnings per Share Ratios are 19.11, 21.71 and 25.96. The corresponding 10 year ratios are 19.19, 24.86 and 29.19. The corresponding historical ratios are 18.07, 21.72 and 25.82. The current ratio is 14.40 based on a stock price of $88.11 and AEPS estimate for 2026 of $6.12. The current ratio is below the below the low ratio of the 10 year median ratios. This stock price testing suggests that the stock price is relatively cheap.

I get a Graham Price of $78.13. The 10-year low, median, and high median Price/Graham Price Ratios are 1.35, 1.76 and 2.11. The current ratio is 1.13 based on a stock price of $88.11. The current ratio is below the low ratio of the 10 year median ratios. This stock price testing suggests that the stock price is relatively cheap.

I get a 10-year median Price/Book Value per Share Ratio of 2.92. The current ratio is 2.73 based on a Book Value of $1,682M, Book Value per Share of $26.52. The current ratio is 8% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively cheap.

I also have a Book Value per Share estimate for 2026 of $49.49. This analyst calculates the Book Value differently that I do. In this case 10-year median Price/Book Value per Share Ratio of 2.27. With a Book Value per Share of $46.49, Book Value of $2,419M and stock price of $88.11, the ratio is 1.90. This ratio is 1.90 is 17% below the 10 year median ratio of 2.27. This stock price testing suggests that the stock price is relatively cheap.

I get a 10-year median Price/Cash Flow per Share Ratio of 21.35. The current ratio is 9.74 based on Cash Flow per Share estimate for 2026 of $9.05, Cash Flow of $471M and a stock price of $88.11. The current ratio is 54% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively cheap.

I get an historical median dividend yield of 4.15%. The current dividend yield is 3.86% based on dividends of $3.40 and a stock price of $88.11. The current dividend yield is 7% below the historical median dividend yield. This stock price testing suggests that the stock price is relatively reasonable but above the median.

I get a 10 year median dividend yield of 2.68%. The current dividend yield is 3.86% based on dividends of $3.40 and a stock price of $88.11. The current dividend yield is 44% above the historical median dividend yield. This stock price testing suggests that the stock price is relatively cheap.

The 10-year median Price/Sales (Revenue) Ratio is 0.86. The current ratio is 0.49 based on Revenue estimate for 2026 of $9,300M, Revenue per Share of $178.71 and a stock price of $88.11. The current ratio is 43% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively cheap.

Results of stock price testing is that the stock price is probably cheap. The 10 year dividend yield test says this. It is confirmed by the P/S Ratio test. Most of the rest of the testing is saying the same thing.

When I look at analysts’ recommendations, I find Strong Buy (5), Buy (6) and Hold (1). The consensus is a strong Buy. The 12 month stock price consensus is $122.92 with a High of $150.00 and low of $108.00. The consensus stock price of $122.92 implies a total return of 43.37% with 39.51% from capital gains and 3.86% from dividends based on a current stock price of $88.11.

Analysts on Stock Chase go the full range from Do Not Buy to Top Pick for 2026. A Do Not Buy was worried about debt. Stock Chase gives this stock 4 stars out of 5. Amy Legate-Wolfe on Motley Fool thinks this is a stock to buy and hold for a very long time. Daniel Da Costa on Motley Fool says that the market is reacting to short term pressures. He thinks it is a good stock to buy now. The company put out a press release via Newswire about their fourth quarter of 2025 results. The company put out a press release via Newswire about their first quarter of 2026.

Simply Wall Street via Yahoo Finance reviews this stock. They do not like the fact that the company has issued more shares during the year. EPS is down over the last 12 months. They have 4 warnings out on this company of dividend of 3.94% is not well covered by earnings or free cash flows; interest payments are not well covered by earnings; profit margins (0.5%) are lower than last year (1.8%); and shareholders have been diluted in the past year.

Premium Brands Holdings Corp is engaged in specialty food manufacturing, premium food distribution, and wholesale businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, and Washington State. Its web site is here Premium Brands Holdings Corp.

The last stock I wrote about was about was Empire Company Ltd (TSX-EMP.A, OTC-EMLAF) ... learn more. The next stock I will write about will be Jamieson Wellness Inc (TSX-JWEL, OTC-JWLLF) ... learn more on Monday, July 13, 2026 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Empire Company Ltd

Sound bite for Twitter is: Dividend Growth Consumer. Results of stock price testing is that the stock price is probably reasonable. It would be nice if the Debt Ratios were a bit better and they have too much debt. The Dividend Payout Ratios (DPR) are good. The current dividend yield is low with dividend growth moderate. See my spreadsheet on Empire Company Ltd.

Is it a good company at a reasonable price? I think that the price is reasonable for this generally blue chip stock. The only reason I see for the Hold rating appears to be slowing eCommerce demand and a delay in breakeven point at Voila. There is not much in analysts’ comments that I can see. It is off its recent high of June 2025. The P/S Ratio test did say it was reasonable but above the median, so maybe the price is a bit high.

I do not own this stock of Empire Company Ltd (TSX-EMP.A, OTC-EMLAF). I have known about this stock for some time before I decided to follow it. This stock has a financial year ending in end of April or first of May each year.

When I was updating my spreadsheet, I noticed that the earnings loss was due to impairment losses and related charges. They also have a high level of debt. However, you can see from the Total Return per Year chart that shareholders have done well with this company over the years. This stock has a financial year ending around April 30, so I am reviewing the financial year ending May 2, 2026.

If you had invested in this company in December 2015, for $1,003.86 you would have bought 39 shares at $25.74 per share. In December 2025, after 10 years you would have received $230.88 in dividends. The stock would be worth $1,849.38. Your total return would have been $2,080.26. This would be a total return of 7.99% per year with 6.30% from capital gain and 1.69% from dividends.

Cost	Tot. Cost	Shares	Years	Dividends	Stock Val	Tot Ret
$25.74	$1,003.86	39	10	$230.88	$1,849.38	$2,080.26

The current dividend yield is low with dividend growth moderate. The dividend yield is low (below 2%) at 1.96%. The 5, 10 and historical dividend yields are low at 1.73%, $1.71% and 1.45%. The dividend growth is moderate (between 8% and 14% per year) at 12% per year over the past 5 years. The last dividend increase was in 2026 and it was for 10.2%.

The Dividend Payout Ratios (DPR) are good. The DPR for 2025 for Earnings per Share (EPS) is too high at 102%, but analysts expect it to be around 27% in 2027 and EPS has with 5 year coverage good at 30%. The DPR for 2025 for Adjusted Earnings per Share (AEPS) is good at 27% with 5 year coverage at 25%. The DPR for 2025 for Cash Flow per Share (CFPS) is good at 8% with 5 year coverage at 8%. The DPR for 2025 for Free Cash Flow (FCF) is good at 21% with 5 year coverage at 18%. The FCF for 2026 varies from $950M to $1,487M. I am using $950M.

Item	Cur	5 Years
EPS	102.33%	30.21%
AEPS	27.16%	25.24%
CFPS	8.26%	7.73%
FCF	21.37%	18.18%

It would be nice if the Debt Ratios were a bit better and they have too much debt. The Long Term Debt/Market Cap Ratio for 2025 is good at 0.10 and currently at 0.09. The Liquidity Ratio for 2025 is far too low at 0.82 and 0.88 currently. If you added in Cash Flow after dividends, the ratios are still quite low at 1.24 and currently at 1.32. I prefer these ratios be at 1.50 or higher. The Debt Ratio for 2025 is low at 1.43 and 1.43 currently. I prefer these ratios be at 1.50 or higher. The Leverage and Debt/Equity Ratios for 2025 are too high at 3.41 and 2.38 and currently at 3.41 and 2.38. I prefer these ratios be below 3.00 and 2.00.

Type	Year End	Ratio Curr
Lg Term R	0.10	0.09
Intang/GW	0.32	0.30
Liquidity	0.82	0.88
Liq. + CF	1.24	1.32
Debt Ratio	1.43	1.43
Leverage	3.41	3.41
D/E Ratio	2.38	2.38

The Total Return per Year is shown below for years of 5 to 41 to the end of 2025. Under the Capital Gain column is the portion of the Total Return attributable to capital gains. Under the Dividend column is the portion of the Total Return attributable to dividends. See chart below.

From	Years	Div. Gth	Tot Ret	Cap Gain	Div.
2020	5	11.97%	8.24%	6.39%	1.85%
2015	10	8.20%	7.99%	6.30%	1.69%
2010	15	8.28%	8.11%	6.43%	1.67%
2005	20	8.06%	8.93%	7.18%	1.75%
2000	25	11.60%	11.06%	8.98%	2.07%
1995	30	11.26%	13.27%	10.83%	2.44%
1990	35	10.51%	12.61%	10.41%	2.19%
1985	40	10.16%	11.81%	9.84%	1.97%
1984	41	9.90%	14.52%	11.64%	2.89%

The 5-year low, median, and high median Price/Earnings per Share Ratios are 12.65, 14.49 and 16.33. The corresponding 10 year ratios are 12.91, 14.61 and 17.43. The corresponding historical ratios are 10.96, 13.03 and 14.21. The current ratio is 13.50 based on a stock price of $48.45 and EPS estimate for 2027 $3.59. The current ratio is between the low and median ratios of the 10 year median ratios. This stock price testing suggests that the stock price is relatively reasonable and below the median.

I also have Adjusted Earnings per Share (AEPS) data. The 5-year low, median, and high median Price/Adjusted Earnings per Share Ratios are 11.97, 13.91 and 16.36. The corresponding 10 year ratios are 12.60, 14.43 and 17.12. The corresponding historical ratios are 11.71, 13.68 and 15.55. The current ratio is 13.50 based on a stock price of $48.45 and AEPS estimate for 2027 of $3.59. The current ratio is between the low and median ratios of the 10 year median ratios. This stock price testing suggests that the stock price is relatively reasonable and below the median.

I get a Graham Price of $42.36. The 10-year low, median, and high median Price/Graham Price Ratios are 0.96, 1.15 and 1.32. The current ratio is 1.14 based on a stock price of $48.45. The current ratio is between the low and median ratios of the 10 year median ratios. This stock price testing suggests that the stock price is relatively reasonable and below the median.

I get a 10-year median Price/Book Value per Share Ratio of 1.85. The current ratio is 2.18 based on a stock price of $48.45, Book Value of $5,003M and Book Value per Share of $22.21. The current ratio is 18% above the 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable but above the median.

I get a 10-year median Price/Cash Flow per Share Ratio of 5.59. The current ratio is 7.51 based Cash Flow per Share for the last 12 months of $8.48, Cash Flow of $1,911M and a stock price of $48.45. The current ratio is 2% above the 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable but above the median.

I get an historical median dividend yield of 1.45%. The current ratio is 2.00% based on dividends of $0.87 and a stock price of $48.45. The current ratio is 38% above the historical median dividend yield. This stock price testing suggests that the stock price is relatively cheap.

I get a 10 year median dividend yield of 1.71%. The current ratio is 2.00% based on dividends of $0.87 and a stock price of $48.45. The current ratio is 17% above the historical median dividend yield. This stock price testing suggests that the stock price is relatively reasonable and below the median.

The 10-year median Price/Sales (Revenue) Ratio is 0.31. The current ratio is 0.33 based on Revenue estimate for 2027 of $32,949M, Revenue per Share of $146.29 and a stock price of $48.45. The current ratio is 7% above the 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable but above the median.

Results of stock price testing is that the stock price is probably reasonable. The 10 year median dividend yield says it is reasonable and below the median. The P/S Ratio test says it is reasonable but above the median. The rest of the testing runs from cheap to reasonable but above the median, but the most are reasonable and below the median.

When I look at analysts’ recommendations, I find Buy, (1), Hold (5) and Underperform (1). The consensus would be a Hold. The 12 month stock price consensus is $53.86 with a high of $58.00 and a low of $48.00. The consensus stock price of $53.86 implies a total return of 13.17% with 11.17% from capital gains and 2.00% from dividends based on a current stock price of $48.45.

There is one analyst on Stock Chase in 2026 giving this stock a weak buy. He says that grocers are getting higher highs and higher lows. Stock Chase gives this stock 3 and one half stars out of 5. Kay Ng on Motley Fool thinks this is a blue chip stock to buy because it is a defensive dividend grower. Amy Legate-Wolfe on Motley Fool thinks this is a comfortable stock to own. The company put out a Press Release about their fourth quarter results ending in March 2026.

Simply Wall Street via Yahoo Finance reviews this stock and says that on a Discounted Cash Flow basis, the stock is slightly undervalued. Simply Wall Street via Yahoo Finance say that this is a resilient Canada stock to own. Simply Wall Street gives this stock one and one half stars out of 5. It shows no risks.

Empire Co Ltd is a Canadian company whose key businesses are food retailing and related real estate. The Food retailing segment is comprised of three operating segments: Sobeys National, Farm Boy and Longo's. The Investments and other operations consist of investments in Crombie REIT, real estate partnership. Its web site is here Empire Company Ltd.

The last stock I wrote about was about was Saputo Inc (TSX-SAP, OTC-SAPIF) ... learn more. The next stock I will write about will be Premium Brands Holdings Corp (TSX-PBH, OTC-PRBZF) ... learn more on Friday, July 10, 2026 around 5 pm. Tomorrow on my other blog I will write about Your Neighbour Canada Has Changed.... learn more on Thursday, July 9, 2026 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

Also, on my book blog I have put a review of the book Earning the Rockies by Robert Kaplan learn more...