Dollarama Inc

Sound bite for Twitter is: Dividend Growth Consumer. Results of stock price testing is that the stock price is probably expensive. Debt Ratios mostly good, but the debt is high. The Dividend Payout Ratios (DPR) are good. The current dividend yield is low with dividend growth good. See my spreadsheet on Dollarama Inc.

Is it a good company at a reasonable price? This company has done well for their shareholders. I have not been fond of this stock because of its level of debt. A lot of their ratios are really high. Also, their dividends are so low that it seems like it is really not a dividend stock.

I do not own this stock of Dollarama Inc (TSX-DOL, OTC-DLMAF). I belong to an investment club and this was a stock I volunteered to look at. I had, of course, heard of this stock before and people have mentioned that it is doing very well for shareholders.

When I was updating my spreadsheet, I noticed that they still had a very high debt level. The Leverage Ratio is 5.19 and the Debt/Equity Ratio is 4.19. I would want these ratios to be less than 3.00 and 2.00. Dividends are so low that it would take some 15 years to get to a reasonable rate from the current dividend and current rate. See the paragraph below. This would be a stock to perhaps build your portfolio and discard when you want a dividend paying portfolio. The financial year ends around February 1 year, so I am reviewing the financial year of February 1, 2026.

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 the end of the second quarter of 2027 dated August 2026 and what is expected to the end of this year.

Yr	Item	Tot. Gwth	Per Year	Gwth	Coverage
5	Revenue Growth	80.21%	12.50%	8.65%	<-12 mths
5	EPS Growth	161.33%	21.18%	5.29%	<-12 mths
5	Net Income Growth	132.03%	18.33%	4.30%	<-12 mths
5	Cash Flow Growth	98.09%	14.65%	13.53%	<-12 mths
5	Dividend Growth	132.61%	18.39%	13.78%	<-12 mths
5	Stock Price Growth	295.41%	31.65%	-0.11%	<-12 mths
10	Revenue Growth	173.77%	10.60%	30.24%	<-this year
10	EPS Growth	373.00%	16.81%	24.95%	<-this year
10	Net Income Growth	239.98%	13.02%	10.81%	<-this year
10	Cash Flow Growth	292.03%	14.64%	6.24%	<-this year
10	Dividend Growth	250.91%	13.38%	17.24%	<-this year
10	Stock Price Growth	669.85%	22.64%	1.14%	<-this year

The dividends are low, so if you buy this stock what sort of dividends would you get in the future? This chart is an attempt to show this. If dividends continue to increase by 18.39% as they have in the past 5 years, what you would get in dividends in 5, 10 and 15 years is shown in the Dividends Paid (Div Pd) column. The next column shows what your yield on the current stock price of $204.74 would be. The last column shows the percentage of your stock’s price would be covered by dividends in 5, 10 and 15 years. I do not buy dividend stocks that have yields less than 1% because it takes to long to get to a reasonable yield.

Div Pd	Div Yield	Years	At IRR	Div Cov
$1.12	0.54%	5	18.39%	1.69%
$2.60	1.27%	10	18.39%	5.07%
$6.04	2.95%	15	18.39%	12.94%

If you had invested in this company in December 2015, for $1,012.57 you would have bought 38 shares at $26.65 per share. In December 2025, after 10 years you would have received $88.20 in dividends. The stock would be worth $7,795.32. Your total return would have been $7,883.52. This would be a total return of 22.99% per year with 22.64% from capital gain and 0.35% from dividends.

Cost	Tot. Cost	Shares	Years	Dividends	Stock Val	Tot Ret
$26.65	$1,012.57	38	10	$88.20	$7,795.32	$7,883.52

The current dividend yield is low with dividend growth good. The current dividend yield is low (below 2%) at 0.25%. The 5, 10 and historical median dividend yields are also low at 0.29%, 0.32% and 0.38. The dividend growth is good (at 15% or higher per year) at 18.4% per year over the past 5 years. The last dividend increase was in 2026 and it was for 10.6%.

The Dividend Payout Ratios (DPR) are good. The DPR for 2025 for Earnings per Share (EPS) is good at 8.7% with 5 year coverage at 8.2%. The DPR for 2025 for Cash Flow per Share (CFPS) is good at 6.2% with 5 year coverage at 5.6%. The DPR for 2025 for Free Cash Flow (FCF) is good at 8.7% with 5 year coverage at 8.4%.

Item	Cur	5 Years
EPS	8.66%	8.16%
CFPS	6.24%	5.64%
FCF	8.71%	8.42%

Debt Ratios mostly good, but the debt is high. The Long Term Debt/Market Cap Ratio for 2026 is good at 0.0.04 and currently at 0.06. The Liquidity Ratio for 2026 is low at 1.13 and good at 1.55 currently. If you added in Cash Flow after dividends, the ratios are good at 2.35 and currently at 3.17. The Debt Ratio for 2026 is low at 1.24 and 1.22 currently. The Leverage and Debt/Equity Ratios for 2026 very high at 5.19 and 4.19 and currently at 5.54 and 4.54. The debt is high and these ratios are good when they are below 3.00 and 2.00.

Type	Year End	Ratio Curr
Lg Term R	0.04	0.06
Intang/GW	0.02	0.02
Liquidity	1.13	1.55
Liq. + CF	2.35	3.17
Debt Ratio	1.24	1.22
Leverage	5.19	5.54
D/E Ratio	4.19	4.54

The Total Return per Year is shown below for years of 5 to 17 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	18.39%	31.95%	31.65%	0.30%
2015	10	13.38%	22.99%	22.64%	0.35%
2010	15	15.92%	29.11%	28.45%	0.66%
2008	17		28.38%	27.83%	0.55%

The 5-year low, median, and high median Price/Earnings per Share Ratios are 23.08, 27.03, 30.97. The corresponding 10 year ratios are 21.38, 25.62 and 30.68. The corresponding historical ratios are 19.43, 24.89 and 29.30. The current ratio is 39.95 based on a stock price of $204.92 and EPS estimate for 2026 of $5.13. The current ratio is above the high ratio of the 10 year median ratios. This stock price testing suggests that the stock price is relatively expensive.

I get a Graham Price of $25.16. The 10-year low, median, and high median Price/Graham Price Ratios are 7.77, 9.37 and 10.98. The current ratio is 8.14 based on a stock price of $204.92. 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. It is interesting how high these ratios are for this stock. Generally, it is only Tech stocks with such high ratios. Normal ratios are considered to be between 0.80 to 1.20.

I get a 10-year median Price/Book Value per Share Ratio of 30.76. The current ratio is 37.35 based on a Book Value of $1,478M, Book Value per Share of $5.49 and a stock price of $204.92. The current ratio is 21% above the 10 year ratio. This stock price testing suggests that the stock price is relatively expensive. These ratios are really high also for P/B Ratios where a good ratio is around 1.50.

I get a 10-year median Price/Cash Flow per Share Ratio of 20.57. The current ratio is 29.51 based on Cash Flow per Share estimate for 2026 is 29.51 based on Cash Flow estimate for 2026 of $1,871M, Cash Flow per Share of $6.95 and a stock price of $204.92. The current ratio 43% above the 10 year median ratio. This stock price testing suggests that the stock price is relatively expensive

I get an historical median dividend yield of 0.38%. The current dividend yield is 0.23% based on dividends of $0.4658 and a stock price of $204.92. The current dividend yield is 38% below the historical median dividend yield. This stock price testing suggests that the stock price is relatively expensive.

I get a 10 year median dividend yield of 0.32%. The current dividend yield is 0.23% based on dividends of $0.4658 and a stock price of $204.92. The current dividend yield is 27% 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 4.01. The current P/S Ratio is 6.77 based on a stock price of $204.92, Revenue estimate for 2026 of $8,159M and Revenue per Share of $30.29. The current ratio is 69% above the 10 year median ratio. This stock price testing suggests that the stock price is relatively expensive.

Results of stock price testing is that the stock price is probably expensive. The dividend yield tests say this and it is confirmed by the P/S Ratio test. A number of other tests says that the stock price is relatively expensive. The thing to really note is that most of the ratios are relatively very high ones.

When I look at analysts’ recommendations, I find Strong Buy (7), Buy (5), Hold (4) and Sell (1). The consensus is a Buy. The 12 month stock price consensus is $207.47 with a high of $236.00 and a low of $148.00. The 12 month stock price of $207.47 implies a total return of 1.48% with 1.24% from capital gains and 0.23% from dividends based on a current stock price of $204.92.

Analysts have mostly negative views on this company on Stock Chase. Some say that the valuation is too high. Another says that the company is under pressure. Amy Legate-Wolfe on Motley Fool says that Dollarama has defended their margins in the current trade war and so is valuable company. Demetris Afxentiou on Motley Fool says while Dollarama is not a bargain it does have long term appeal. The company put out a press release via Newswire about their fourth quarter results ending in 2026. The company put out a press release via Newswire about their second quarter of 2027 dated August 2, 2026.

Simply Wall Street via Yahoo Finance reviews this stock. They talk about expected losses from their expansion into Australia. Also, Simply Wall Street says the stock is overvalued based on cash flow. Simply Wall Street has one warning of has a high level of debt.

Founded in 1992, Dollarama is Canada's largest discount retailer. Beyond its domestic base, Dollarama holds a majority stake in Latin American value retailer Dollarcity and recently acquired The Reject Shop in Australia. Its web site is here Dollarama Inc.

The last stock I wrote about was about was Ovintiv Inc (TSX-OVV, NYSE-OVV) ... learn more. The next stock I will write about will be Safi Silver Corp (TSX-SF, OTC-PNTZF) ... learn more on Wednesday, October 21, 2026 around 5 pm. Tomorrow on my other blog I will write about My Blog on Feedspot.... learn more on Tuesday, October 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.

Ovintiv Inc

Sound bite for Twitter is: Dividend Paying Energy. Results of stock price testing is that the stock price could be still reasonable. Debt Ratios are good. The Dividend Payout Ratios (DPR) are currently good. The current dividend yield is low with dividend growth currently flat. See my spreadsheet on Ovintiv Inc.

Is it a good company at a reasonable price? This is not a steady dividend payer, so if you want steady dividends, this stock is not for you. This company also seems to be a short term, not a long term investment. You would probably make money on it, but you will have to keep an eye on it at all times. I have bought such companies, but you have to realize the sort of investment you are making. With a number of tests, the current stock price is showing as reasonable but above the median. I would be very careful if you are looking to buy. With the stock price increases already this year, you got to wonder about how far it will still go up.

I do not own this stock of Ovintiv Inc (TSX-OVV, NYSE-OVV), but I used to. I had held this stock previously as Alberta Energy Company from April 2000 until August 2002 and made some 18% total returns per year. I also held this stock as EnCana Corp from February 2006 to November 2009 and made a 9.54% per year total return. I sold this stock in 2009 because I only had 100 shares and the stock was going to split into two companies. I would have ended up with small investment in two companies.

When I was updating my spreadsheet, I noticed expense increased in 2025 faster than revenue grew. Main problem item is an impairment charge. Note this stock’s financials are in US$, estimates are in US$ and Dividends are paid in US$.

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 second quarter in 2026 and expected growth over this year.

Yr	Item	Tot. Gwth	Per Year	Gwth	Coverage
5	Revenue Growth US$	32.44%	5.78%	9.54%	<-12 mths
5	AEPS Growth	1282.86%	69.10%	68.39%	<-12 mths
5	Net Income Growth	120.37%	17.12%	-25.93%	<-12 mths
5	Cash Flow Growth	92.72%	14.02%	21.96%	<-12 mths
5	Dividend Growth	219.83%	26.18%	0.00%	<-12 mths
5	Stock Price Growth	172.91%	22.24%	76.22%	<-12 mths
10	Revenue Growth US$	101.45%	7.25%	13.00%	<-this year
10	AEPS Growth	1482.86%	31.81%	68.39%	<-this year
10	Net Income Growth	124.05%	8.40%	-1.58%	<-this year
10	Cash Flow Growth	117.25%	8.07%	36.86%	<-this year
10	Dividend Growth	-14.29%	-1.53%	0.58%	<-this year
10	Stock Price Growth	62.28%	4.96%	99.77%	<-this year

If you had invested in this company in December 2015, for $1,019.35 you would have bought 29 shares at $35.15 per share. In December 2025, after 10 years you would have received $258.83 in dividends. The stock would be worth $1,559.91. Your total return would have been $1,818.74. This would be a total return of 6.27% per year with 4.35% from capital gain and 1.92% from dividends. This is in CDN$.

Cost	Tot. Cost	Shares	Years	Dividends	Stock Val	Tot Ret
$35.15	$1,019.35	29	10	$258.83	$1,559.91	$1,818.74

The current dividend yield is low with dividend growth currently flat. The current dividend yield is low (below 2%) at 1.74%. The 5 year and historical median dividend yields are moderate (2% to 4% ranges) at 2.59% and 2.33%. The 10 year median dividend yield is low at 1.82%. the last dividend increase was in 2023 and it was for 20%. Dividends have gone up 26% per year over the past 5 years. This is after the cuts made in 2013 and 20.16. Dividends have varied in the past. They have gone up and down and remained flat. Dividends are paid in US$.

The Dividend Payout Ratios (DPR) are currently good. The DPR for 2025 for Earnings per Share (EPS) is good at 25% with 5 year coverage at 14%. The DPR for 2025 for Adjusted Earnings per Share (AEPS) is good at 24% with 5 year coverage at 17%. The DPR for 2025 for Cash Flow per Share (CFPS) is good at 8% with 5 year coverage at 7%. The DPR for 2025 for Free Cash Flow (FCF) is good at 19% with 5 year coverage at 16%. The FCF for 2025 varies from $1,600M to $1,638M. I am using the $1,600M value. Dividends are paid in US$.

Item	Cur	5 Years
EPS	25.10%	13.69%
AEPS	24.79%	17.13%
CFPS	8.12%	6.86%
FCF	19.25%	16.14%

< Debt Ratios are good. The Long Term Debt/Market Cap Ratio for 2025 is good at 0.44 and currently at 0.19. The Liquidity Ratio for 2025 is very low at 0.54 and 1.01 currently. If you added in Cash Flow after dividends, the ratios are good at 1.74 and currently at 3.10. The Debt Ratio for 2025 is good at 2.22 and 2.48 currently. The Leverage and Debt/Equity Ratios for 2025 are good at 1.82 and 0.82 and currently at 1.68 and 0.68. This is in US$.

Type	Year End	Ratio Curr
Lg Term R	0.44	0.19
Intang/GW	0.26	0.12
Liquidity	0.54	1.01
Liq. + CF	1.74	3.10
Debt Ratio	2.22	2.48
Leverage	1.82	1.68
D/E Ratio	0.82	0.68

The Total Return per Year is shown below for years of 5 to 33 to the end of 2025 in CDN$. 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	28.05%	28.68%	24.08%	4.61%
2015	10	-1.63%	6.27%	4.35%	1.92%
2010	15	-5.73%	-4.77%	-6.42%	1.65%
2005	20	3.06%	-2.32%	-4.51%	2.19%
2000	25	6.38%	2.42%	-0.62%	3.04%
1995	30	5.29%	8.13%	3.50%	4.63%
1992	33	5.22%	8.78%	4.11%	4.67%

The Total Return per Year is shown below for years of 5 to 24 to the end of 2025 in US$. 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	26.18%	26.70%	22.24%	4.47%
2015	10	-1.53%	6.98%	4.96%	2.02%
2010	15	-7.71%	-6.81%	-8.38%	1.56%
2005	20	2.22%	-3.03%	-5.38%	2.35%
2001	24	6.83%	5.10%	0.50%	4.60%

The 5-year low, median, and high median Price/Earnings per Share Ratios are 4.14, 5.41 and 7.25. The corresponding 10 year ratios are 4.35, 6.90 and 8.68. The corresponding historical ratios are 6.64, 8.24 and 10.00. The current ratio is 21.52 based on a stock price of $97.75 and EPS estimate for 2026 of $4.54 (3.18 US$). The current ratio is way above the 10 year median ratios. This stock price testing suggests that the stock price is relatively expensive. Note that the stock price in CDN$ has gone up some 81% this year. This testing is in CDN$.

I also have Adjusted Earnings per Share (AEPS). The 5-year low, median, and high median Price/Adjusted Earnings per Share Ratios are 5.13, 7.09 and 9.05. The corresponding 10 year ratios are 6.14, 8.34 and 10.56. The corresponding historical ratios are 6.94, 11.23 and 16.52. The current ratio is 8.47 based on a stock price of $69.06 and AEPS estimate for 2026 of $8.15. The current ratio is between the median and high ratios of the 10 year median ratios. This stock price testing suggests that the stock price is relatively reasonable but above the median. Note that the stock price in US$ has gone up some 76% this year. This testing is in US$.

I get a Graham Price of $124.53. The 10-year low, median, and high median Price/Graham Price Ratios are 0.45, 0.63 and 0.83. The current ratio is 0.78 based on a stock price of $97.75. The current ratio is between the median and high ratios of the 10 year median ratios. This stock price testing suggests that the stock price is relatively reasonable but above the median. This testing is in CDN$.

I get a 10-year median Price/Book Value per Share Ratio of 1.20. The current ratio is 1.66 based on a Book Value of $11,499M, Book Value per Share of $41.57 and a stock price of $69.06. The current ratio is 38% above the 10 year median ratio. This stock price testing suggests that the stock price is relatively expensive. This testing is in US$.

I also have a Book Value per Share estimate for 2026 of $42.77. This implies a book value of $11,830M, a ratio of 1.61 with a stock price of $69.06. In this case the ratio is 34% above the 10 year median ratio of 1.20. This stock price testing suggests that the stock price is relatively expensive. This testing is in US$.

I get a 10-year median Price/Cash Flow per Share Ratio of 2.81. The current ratio is 3.82 based on Cash Flow per Share estimate for 2026 of $18.07. The current ratio is 36% above the 10 year median ratio. This stock price testing suggests that the stock price is relatively expensive. This testing is in US$.

I get an historical median dividend yield of 2.33%. The current dividend yield is 1.74% based on dividends of $1.20 and a stock price of $69.06. The current dividend yield is 25% below the historical median dividend yield. This stock price testing suggests that the stock price is relatively expensive. This testing is in US$.

I get a 10 year median dividend yield of 1.82%. The current dividend yield is 1.74% based on dividends of $1.20 and a stock price of $69.06. The current dividend yield is 4.5% below the historical median dividend yield. This stock price testing suggests that the stock price is relatively reasonable but above the median. This testing is in US$.

The 10-year median Price/Sales (Revenue) Ratio is 1.10. The current P/S Ratio is 1.90 based on Revenue estimate for 2026 of $10,066M, Revenue per Share of $36.39 and a stock price of $69.06. The current ratio is 72% above the 10 year median ratio. This stock price testing suggests that the stock price is relatively expensive. This testing is in US$.

Results of stock price testing is that the stock price could be still reasonable. The 10 year dividend yield test says that the stock price is reasonable but above the median. Problem with this test is the variability of the dividends and recent dividends are flat but with some big increases recently. The P/S Ratio test is saying that the stock price is relatively expensive. Stock price testing is showing that the stock price is either reasonable but above the median or expensive.

When I look at analysts’ recommendations, I find Strong Buy (16), Buy (6) and Hold (5). The Consensus would be a Strong Buy. The 12 month stock price consensus is $111.67 ($78.29 US$) with a high of $131.22 ($92.00 US$) and a low of $78.45 ($55.00 US$). The consensus stock price of $111.67 implies a total return of 15.99% with 14.24% from capital gains and 1.75% from dividends based on a current stock price of $97.75. This is in CDN$.

Analyst on Stock Chase currently like this stock. Aditya Raghunath on Motley Fool says to buy because it is cheap. Adam Othman on Motley Fool says to buy because it is currently one of the most undervalued companies in the Canadian energy sector. The company put out a press release via Energy Now about their fourth quarter of 2025. The company put out a Press Release about their second quarter of 2026.

Simply Wall Street via Yahoo Finance looks at this company and thinks it is worth watching. Guru Focus via Yahoo Finance reviews this company and talks about its ability to pay its dividend. Simply Wall Street has two warnings on this stock of large one-off items impacting financial results; and unstable dividend track record. Note that this company has AEPS to account for large one-off items impacting financial results. Simply Wall Street gives this stock 3 and one half stars out of 5.

Ovintiv Inc. is an independent energy producer, which explores and churns out oil and natural gas from diverse assets located in the U.S. and Canada. Its web site is here Ovintiv Inc.

The last stock I wrote about was about was CCL Industries Inc (TSX-CCL.B, OTC-CCDBF) ... learn more. The next stock I will write about will be Dollarama Inc (TSX-DOL, OTC-DLMAF) ... learn more on Monday, October 19, 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.

CCL Industries Inc

Sound bite for Twitter is: Dividend Growth Materials. Results of stock price testing is that the stock price is probably still reasonable. Debt Ratios are good. The Dividend Payout Ratios (DPR) are good. The current dividend yield is low with dividend growth moderate. See my spreadsheet on CCL Industries Inc.

Is it a good company at a reasonable price? This stock has been returning to its shareholders reasonable returns over the past 5 and 10 years. Analysts expect good returns this year also. The dividend yield is low, but it is growing at a good rate. This seems to be a stock you had buy and hold for the longer term. It would seem to be in a reasonable range at the present time.

I do not own this stock of CCL Industries Inc (TSX-CCL.B, OTC-CCDBF). In 2009 I read a favorable report on this stock of which I had also heard before. This is also a dividend paying stock and in 2009 it was on Dividend Achievers list. This company has had reasonable growth. See the paragraph below. When I was updating my spreadsheet, I noticed profit was lower than last year due to a higher restructuring charge.

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 the end of the second quarter and what is expected to the end of this year.

Yr	Item	Tot. Gwth	Per Year	Gwth	Coverage
5	Revenue Growth	46.19%	7.89%	2.97%	<-12 mths
5	AEPS Growth	50.65%	8.54%	3.23%	<-12 mths
5	Net Income Growth	51.48%	8.66%	1.02%	<-12 mths
5	Cash Flow Growth	47.74%	8.12%	-3.79%	<-12 mths
5	EBITDA Growth	44.45%	7.63%	2.60%	<-12 mths
5	Dividend Growth	77.78%	12.20%	12.50%	<-12 mths
5	Stock Price Growth	50.03%	8.45%	10.70%	<-12 mths
10	Revenue Growth	152.17%	9.69%	6.61%	<-this year
10	AEPS Growth	169.45%	10.42%	9.91%	<-this year
10	Net Income Growth	171.93%	10.52%	8.14%	<-this year
10	Cash Flow Growth	174.46%	10.62%	9.47%	<-this year
10	EBITDA Growth	166.68%	10.31%	27.12%	<-this year
10	Dividend Growth	326.67%	15.61%	12.50%	<-this year
10	Stock Price Growth	93.21%	6.81%	24.68%	<-this year

If you had invested in this company in December 2015, for $1,032.10 you would have bought 23 shares at $44.87 per share. In December 2025, after 10 years you would have received $185.84 in dividends. The stock would be worth $1,994.10. Your total return would have been $2,179.94. This would be a total return of 8.07% per year with 6.81% from capital gain and 1.26% from dividends.

Cost	Tot. Cost	Shares	Years	Dividends	Stock Val	Tot Ret
$44.87	$1,032.10	23	10	$185.84	$1,994.10	$2,179.94

The current dividend yield is low with dividend growth moderate. The current yield is low (below 2%) at 1.50%. The 5, 10 and historical median dividend yields are also low at 1.61%, 1.39% and 1.91%. The dividend growth is moderate (between 8% and 14% ranges per year) at 12.2% per year over the past 5 years. The last dividend increase was in 2026 and it was for 12.5%.

You have dividends starting over 1% and a good increase each year. If dividends continue to increase by 12.20% as they have in the past 5 years, what you would get in dividends in 5, 10 and 15 years is shown in the Dividends Paid (Div Pd) column. The next column shows what your yield on the current stock price of $95.98 would be. The last column shows the percentage of your stock’s original price would be covered by dividends in 5, 10 and 15 years.

Div Pd	Div Yield	Years	At IRR	Div Cov
$2.56	2.67%	5	12.20%	9.57%
$4.55	4.74%	10	12.20%	23.91%
$8.09	8.43%	15	12.20%	49.41%

The Dividend Payout Ratios (DPR) are good. The DPR for 2025 for Earnings per Share (EPS) is good at 28% with 5 year coverage at 28%. The DPR for 2025 for Adjusted Earnings per Share (AEPS) is good at 28% with 5 year coverage at 27%. The DPR for 2025 for Cash Flow per Share (CFPS) is good at 13% with 5 year coverage at 13%. The DPR for 2025 for Free Cash Flow (FCF) is good at 26% with 5 year coverage at 30%. FCF does not vary much for 2025.

Item	Cur	5 Years
EPS	28.01%	27.88%
AEPS	27.59%	26.89%
CFPS	13.37%	13.45%
FCF	25.92%	30.63%

Debt Ratios are good. The Long Term Debt/Market Cap Ratio for 2025 is good at 0.09 and currently at 0.11. The Liquidity Ratio for 2025 is fine at 1.42 and 1.39 currently. If you added in Cash Flow after dividends, the ratios are good at 1.90 and currently at 1.82. The Debt Ratio for 2025 is good at 2.26 and 2.05 currently. The Leverage and Debt/Equity Ratios for 2025 are good at 1.79 and 0.79 and currently at 1.95 and 0.95.

Type	Year End	Ratio Curr
Lg Term R	0.09	0.11
Intang/GW	0.24	0.23
Liquidity	1.42	1.39
Liq. + CF	1.90	1.82
Debt Ratio	2.26	2.05
Leverage	1.79	1.95
D/E Ratio	0.79	0.95

The Total Return per Year is shown below for years of 5 to 38 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	12.20%	9.99%	8.45%	1.54%
2015	10	15.61%	8.07%	6.81%	1.26%
2010	15	16.59%	21.91%	19.59%	2.32%
2005	20	14.87%	16.11%	14.53%	1.58%
2000	25	12.73%	20.28%	17.78%	2.51%
1995	30	10.99%	14.40%	12.90%	1.50%
1990	35	9.41%	13.68%	12.08%	1.59%
1987	38	9.28%	12.86%	11.31%	1.55%

The 5-year low, median, and high median Price/Earnings per Share Ratios are 15.55, 17.70 and 19.84. The corresponding 10 year ratios are 17.61, 20.51 and 23.16. The corresponding historical ratios are 12.33, 15.61 and 20.49. The current ratio is 18.94 based on a stock price of $95.98 and EPS estimate for 2026 of $5.15. 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 14.33, 16.69 and 19.34. The corresponding 10 year ratios are 12.50, 18.37 and 20.80. The corresponding historical ratios are 13.77, 16.58 and 19.49. The current ratio is 18.82 based on a stock price of $95.98 and AEPS estimate for 2026 of $5.10. 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 $61.25. The 10-year low, median, and high median Price/Graham Price Ratios are 1.34, 1.53 and 1.78. The current ratio is 1.57 based on a stock price of $95.98. This ratio is between the median and high ratio 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 2.88. The current ratio is 2.94 based on a Book Value of $5,664M, Book Value per Share of $32.69 and a stock price of $95.98. The current ratio is 1.8% above the 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable but above the median.

I also have Book Value per Share estimate for 2026 of $32.36. This implies a ratio of 2.97 with a Book Value of $5,606M and stock price of $95.88. This ratio is 2.9% above the 10 year median ratio of 2.88. 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 12.64. The current ratio is 11.65 based on Cash Flow per Share estimate for 2026 of $8.24, Cash Flow of $1,428M and a stock price of $95.98. The current ratio is 8% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable and below the median.

I get an historical median dividend yield of 1.91%. The current dividend yield is 1.50% based on a stock price of $95.98. The current dividend yield is 21% below the historical median dividend yield. This stock price testing suggests that the stock price is relatively expensive.

I get a 10 year median dividend yield of 1.39%. The current dividend yield is 1.50% based on a stock price of $95.98. The current dividend yield is 7.9% above the 10 year 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 1.86. The current P/S Ratio is 2.04 based on Revenue estimate for 2026 of $8,170M, Revenue per Share of $47.16 and a stock price of $95.98. The current ratio is 9% 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 still reasonable. The 10 year median dividend yield test says that the stock price is reasonable and below the median. The P/S Ratio test says that the stock price is reasonable but above the median. Most of the rest of the testing is saying that the stock price is reasonable and above or below the median.

When I look at analysts’ recommendations, I find Strong Buy (4), Buy (5) and Hold (1). The consensus would be a Strong Buy. The 12 month stock price is $108.10 with a high of $115.00 and low of $98.00. This implies a total return of 14.13% with 12.63% from capital gains and 1.50% from dividends based on a current stock price of $95.98.

Analysts on Stock Chase mostly like this company, but one for 2026 says it is not really a compelling, multi-year thesis. Jitendra Parashar on Motley Fool says this company pairs earnings growth with strong cash generation. Amy Legate-Wolfe on Motley Fool says buys some now and on dips. The company sends out a press release via Globe and Mail about their fourth quarter of 2025. The company sends out a press release via Globe and Mail about their second quarter results for 2026.

Guru Focus via Yahoo Finance reviews this stock and talks about their dividends and their ability to pay dividends. Simply Wall Street has one warning on this stock of significant insider selling over the past 3 months.

CCL Industries Inc manufactures and sells packaging and packaging-related products. Its geographical segments include Canada; USA and Puerto Rico; Mexico, Brazil, Chile, and Argentina; Europe; and Asia, Australia, Africa, and New Zealand. Its web site is here CCL Industries Inc.

The last stock I wrote about was about was Brookfield Corp (TSX-BN, NYSE-BN) ... learn more. The next stock I will write about will be Ovintiv Inc (TSX-OVV, NYSE-OVV) ... learn more on Friday, October 16, 2026 around 5 pm. Tomorrow on my other blog I will write about Betting on Canadian Energy.... learn more on Thursday, October 15, 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.

Brookfield Corp

Sound bite for Twitter is: Dividend Paying Financial. Results of stock price testing is that the stock price is probably relatively expensive. Debt Ratios show that the debt is too high, but Liquidity Ratios are fine. The Dividend Payout Ratios (DPR) are currently fine. The current dividend yield is low with dividend growth restarted. See my spreadsheet on Brookfield Corp.

Is it a good company at a reasonable price? What I do not like about this stock is that it is very complicated to look at. It has a number of different companies under its umbrella and they keep reorganizing. Although, I must admit that they do make some good money for their shareholders. On the other hand, the yield on this stock is pathetic.

I do not own this stock of Brookfield Corp (TSX-BN, NYSE-BN). I used to own an earlier version of this stock as Hees International, then Edper Group and then EdperBrascan back in 1987 to 1999.

When I was updating my spreadsheet, I noticed for such a big Canadian company, there is very few estimates given that I can find. I find this really strange. On the other hand, this stock has produced results for its shareholders.

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 second quarter in 2026 and expected growth over this year.

Yr	Item	Tot. Gwth	Per Year	Gwth	Coverage
5	Revenue Growth US$	19.68%	3.66%	2.61%	<-12 mths
5	DE Growth	39.05%	6.82%	-21.26%	<-12 mths
5	Net Income Growth	1075.37%	63.69%	55.74%	<-12 mths
5	Cash Flow Growth	31.38%	5.61%	-14.74%	<-12 mths
5	Dividend Growth	-25.00%	-5.59%	16.67%	<-12 mths
5	Stock Price Growth	109.97%	15.99%	-19.42%	<-12 mths
10	Revenue Growth US$	277.14%	14.20%
8	DE Growth	168.31%	13.13%	16.14%	<-this year
10	Net Income Growth	-44.17%	-5.66%
10	Cash Flow Growth	293.04%	14.67%
10	Dividend Growth	14.09%	1.33%	16.67%	<-this year
10	Stock Price Growth	316.61%	15.34%	5.56%	<-this year

If you had invested in this company in December 2015, for $1,008.13 you would have bought 66 shares at $15.27 per share. In December 2025, after 10 years you would have received $753.42 in dividends. The stock would be worth $4,159.32. Your total return would have been $4,912.74. This would be a total return of 18.63% per year with 15.23% from capital gain and 3.40% from dividends.

Cost	Tot. Cost	Shares	Years	Dividends	Stock Val	Tot Ret
$15.27	$1,008.13	66	10	$753.42	$4,159.32	$4,912.74

The current dividend yield is low with dividend growth restarted. The current dividend is low (below 2%) at 0.76%. The 5 and 10 year dividend yields are low at 84% and 1.83%. The historical median dividend yield is moderate (2% to 4%) at 2.13%. Dividends were decreased in 2023 by some 50%. The dividends over the past 5 years are down by 5.6% per year. Dividends are still some 24% below where they were in 2022. In 2024 the company increased dividends. The dividends were increased in 2026 by 16.7%.

The Dividend Payout Ratios (DPR) are currently fine. The DPR for 2025 for Earnings per Share (EPS) is good at 47% with 5 year coverage too high at 198%. The DPR for 2025 for Distributable Earnings (DE) is good at 9% with 5 year coverage at 11%. The DPR for 2025 for Cash Flow per Share (CFPS) is good at 4% with 5 year coverage at 28%. The DPR for 2025 for Free Cash Flow (FCF) is non-calculable because of a negative FCF with 5 year coverage too high at 460.21%. For 2025 the FCD varies from a negative $660M to a negative $3,868. I am using the negative $660M value.

Item	Cur	5 Years
EPS	47.06%	197.53%
DE	9.45%	11.43%
CFPS	3.84%	27.95%
FCF	-108.94%	460.21%

Type	Year End	Ratio Curr
Lg Term /A	1.16	1.14
Lg Term R	2.52	3.21
Intang/GW	0.79	0.96
Liquidity	1.57	1.61
Liq. + CF	1.75	1.77
Debt Ratio	1.47	1.46
Leverage	3.12	3.15
D/E Ratio	2.12	2.15

The Total Return per Year is shown below for years of 5 to 38 to the end of 2025 in CDN$. 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	-4.19%	23.62%	17.73%	5.89%
2015	10	1.22%	18.63%	15.23%	3.40%
2010	15	5.21%	18.19%	14.88%	3.31%
2005	20	6.67%	15.13%	12.32%	2.81%
2000	25	5.47%	20.18%	16.00%	4.18%
1995	30	4.57%	19.36%	14.91%	4.45%
1990	35	3.91%	15.50%	12.07%	3.43%
1987	38	4.51%	13.52%	10.64%	2.88%

The Total Return per Year is shown below for years of 5 to 38 to the end of 2025 in US$. 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%	21.65%	15.99%	5.66%
2015	10	1.33%	18.85%	15.34%	3.51%
2010	15	3.00%	15.55%	12.45%	3.09%
2005	20	5.80%	14.21%	11.32%	2.89%
2000	25	5.91%	21.38%	16.44%	4.94%
1995	30	4.57%	19.56%	14.90%	4.66%
1990	35	3.41%	14.80%	11.53%	3.26%
1987	38	4.37%	13.52%	10.48%	3.04%

The 5-year low, median, and high median Price/Earnings per Share Ratios are 42.48, 56.14 and 26.99. The corresponding 10 year ratios are 17.39, 20.05 and 23.48. The corresponding historical ratios are 10.08, 11.38 and 14.58. The current ratio is 73.96 based on a stock price of $52.71 and EPS estimate for 2026 of $0.50. P/E Ratios have been very high lately because of low EPS. The current ratio is high and above the high ratio of the 10 year median ratios. This stock price testing suggests that the stock price is relatively expensive. This testing is in CDN$.

This company also puts out Distributable Earnings (DE) data. The 5-year low, median, and high median Price/ Distributable Earnings Ratios are 9.50, 12.33 and 15.17. The corresponding 10 year ratios are 10.51, 12.96 and 15.34. The corresponding historical ratios are 9.73, 12.33 and 14.61. The current ratio is 12.54 based on a stock price of $52.71 and DE estimate for 2026 of $2.95. This ratio is between low and median ratios of the 10 year median ratios. This stock price testing suggests that the stock price is relatively reasonable and below the median. This testing is in US$.

I get a Graham Price of $56.12 using DE in the equation. The 10-year low, median, and high median Price/Graham Price Ratios are 0.55, 0.72, and 0.88. The current ratio is 0.66 based on a stock price of $45.89. This ratio is between the low and median ratios of the 10 year median ratios. This stock price testing suggests that the stock price is relatively reasonable and below the median. This testing is in US$.

I get a 10-year median Price/Book Value per Share Ratio of 1.21. The current ratio is 1.11 based on a Book Value $74,333M, Book Value per Share of $33.29 and a stock price of $45.89. The current ratio is 8% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable and below the median. This testing is in US$.

I get a 10-year median Price/Cash Flow per Share Ratio of 7.51. The current ratio is 8.84 based on Cash Flow for the last 12 months of $9,343M, Cash Flow per Share of $4.18 and a stock price of $45.89. The current ratio is 18% above the 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable but above the median. This testing is in US$.

I get an historical median dividend yield of 2.13%. The current dividend yield is 0.76% based on dividends of $0.28 and a stock price of $45.89. The current dividend yield is 64% below the historical median dividend yield. This stock price testing suggests that the stock price is relatively expensive. This testing is in US$.

I get a 10 year median dividend yield of 1.53%. The current dividend yield is 0.76% based on dividends of $0.28 and a stock price of $45.89. The current dividend yield is 50% below the 10 year median dividend yield. This stock price testing suggests that the stock price is relatively expensive. This testing is in US$.

The 10-year median Price/Sales (Revenue) Ratio is 0.70. The current ratio is 1.07 based on Revenue for the last 12 months of $77,059M, Revenue per Share of $34.51 and a stock price of $45.89. The current ratio is 53% above the 10 year median ratio. This stock price testing suggests that the stock price is relatively expensive. This testing is in US$.

Results of stock price testing is that the stock price is probably relatively expensive. The dividend yield tests say that the stock price is relatively expensive and it is confirmed by the P/S Ratio test. However, other tests are saying that the stock price is reasonable and below the median.

When I look at analysts’ recommendations, I find Strong Buy (5), Buy (5), and Sell (1). The consensus would be a Strong Buy. The 12 month stock price consensus is $69.05 ($48.44 US$) with a high of $85.52 ($60.00 US$) and a low of $44.17 ($30.99 US$). The 12 month consensus stock price of $69.05 implies a total return of 87.48% with 86.73% from capital gains and 0.76% from dividends based on a current stock price of $52.71.

There are lots of entries on Stock Chase for this stock. Some like it and some do not. The negative comments are that the structure is so opaque, that it is the riskiest of the Brookfields and complicated structure and leverage makes it hard to value. Demetris Afxentiou on Motley Fool likes the company for its multiple revenue streams. Jitendra Parashar on Motley Fool thinks this is a long term investment for your TFSA. The company put out a press release on Guru Focus via Yahoo Finance about their fourth quarter of 2025 results. The company put out a press release on Moby via Yahoo Finance about their second quarter of 2026.

Simply Wall Street via Yahoo Finance looks at this stock. They say in Bill Ackman’sview, it is an AI winner. Simply Wall Street has two warnings of earnings have declined by 37.1% per year over past 5 years; and interest payments are not well covered by earnings

Brookfield Corp is an investment firm focused on building long-term wealth for institutions and individuals, operating through seven segments: Asset Management, Wealth Solutions, Renewable Power and Transition, Infrastructure, Private Equity (which generates the highest revenue), Real Estate, and Corporate Activities. It has a presence across the United Kingdom, the United States (which contributes the highest revenue), Australia, Canada, Brazil, India, Colombia, Germany, other parts of Europe, other parts of Asia, and additional countries. Its web site is here Brookfield Corp.

The last stock I wrote about was about was Molson Coors Canada (TSX-TPX.B, NYSE-TAP) ... learn more. The next stock I will write about will be CCL Industries Inc (TSX-CCL.B, OTC-CCDBF) ... learn more on Wednesday, October 14, 2026 around 5 pm. Tomorrow on my other blog I will write about Adentra Inc.... learn more on Tuesday, October 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.

Molson Coors Canada

Sound bite for Twitter is: Dividend Growth Consumers. Results of stock price testing is that the stock price is probably relatively cheap. Debt Ratios need improving especially the Liquidity Ratio and Intangible and Goodwill Ratios. The Dividend Payout Ratios (DPR) are good. The current dividend yield is good with dividend growth recovering. See my spreadsheet on Molson Coors Canada.

Is it a good company at a reasonable price? Just because a stock is cheap, that does not make it a good buy. I do not think that beer companies are doing as well today as when I had Labatt’s so many years ago. Analysts are all over the place when it comes to recommendations. I would worry about some of the debt ratios. I would be cautious and this stock is not my idea of a good dividend growth stock. However, it is relatively cheap.

I do not own this stock of Molson Coors Canada (TSX-TPX.B, NYSE-TAP). In 2008 I did a spreadsheet on this stock as it has recently been recommended and generally, beer companies make good money. Labatt’s was one of the original companies that I purchased and I did very well with it before it was bought out. Molson Coors was formed in 2005 through the merger of Molson of Canada, and Coors of the United States

When I was updating my spreadsheet, I noticed that Molson Coors had a loss in 2025 was because of a Goodwill Impairment charge.

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 second quarter in 2026 and expected growth over this year. The N/C means non-calculable. You cannot do some calculations if you are using negative figures.

Yr	Item	Tot. Gwth	Per Year	Gwth	Coverage
5	Revenue Growth US$	15.40%	2.91%	-0.51%	<-12 mths
5	AEPS Growth	38.27%	6.69%	-6.27%	<-12 mths
5	Net Income Growth	-125.46%	N/C	7.79%	<-12 mths
5	Cash Flow Growth	5.23%	1.02%	10.80%	<-12 mths
5	Dividend Growth	229.82%	26.96%	2.13%	<-12 mths
5	Stock Price Growth	3.30%	0.65%	-21.04%	<-12 mths
10	Revenue Growth US$	212.29%	12.06%	-0.73%	<-this year
10	AEPS Growth	44.15%	3.72%	-12.55%	<-this year
10	Net Income Growth	-695.16%	N/C	-150.57%	<-this year
10	Cash Flow Growth	156.23%	9.87%	-6.01%	<-this year
10	Dividend Growth	14.63%	1.38%	0.11%	<-this year
10	Stock Price Growth	-50.30%	-6.75%	-3.81%	<-this year

If you had invested in this company in December 2015, for $1,040.00 you would have bought 8 shares at $130 per share. In December 2025, after 10 years you would have received $159.47 in dividends. The stock would be worth $515.36. Your total return would have been $674.83. This would be a total loss of 4.70% per year with 6.78% from capital loss and 208% from dividends. This is in CDN$.

Cost	Tot. Cost	Shares	Years	Dividends	Stock Val	Tot Ret
$130.00	$1,040.00	8	10	$159.47	$515.36	$674.83

The current dividend yield is good with dividend growth recovering. The current dividend growth is good (5% to 6% ranges) at 5.21%. The 5 and 10 year dividend yields are moderate (2% to 4% ranges) at 2.85% and 2.54%. The historical median dividend yield is low (below 2%) at 1.96%. The dividends were cut over 70% in 2020 and they are almost back to the dividends paid in 2019. The dividend growth looks so good for last 5 years because of the company increasing the dividends to make up for the cut in 2020. This is in US$ as reporting and dividends are in US$.

The Dividend Payout Ratios (DPR) are good. The DPR for 2025 for Earnings per Share (EPS) is non-calculable due to a negative EPS with 5 year coverage very high at 269%. However, DPR on AEPS is more important. The DPR for 2025 for Adjusted Earnings per Share (AEPS) is good at 35% with 5 year coverage at 30%. The DPR for 2025 for Cash Flow per Share (CFPS) is good at 16% with 5 year coverage at 14%. The DPR for 2025 for Free Cash Flow (FCF) is good at 35% with 5 year coverage at 28%. FCF for 2025 varies from $1,068M which I used to $1,240M.

Item	Cur	5 Years
EPS	-17.49%	269.06%
AEPS	34.69%	29.58%
CFPS	15.57%	13.60%
FCF	35.23%	28.15%

Debt Ratios need improving especially the Liquidity Ratio and Intangible and Goodwill Ratios. The Long Term Debt/Market Cap Ratio for 2025 is good at 0.43 and currently high at 0.82. The Intangible and Goodwill Ratios are much too high at 1.96 and currently at 1.97. The Liquidity Ratio for 2025 is really low at 0.55 and 0.88 currently. If you added in Cash Flow after dividends, the ratios are still very low at 0.82 and somewhat better currently at 1.15. It is best when these ratios are 1.50 or higher. The Debt Ratio for 2025 is good at 1.86 and 1.75 currently. The Leverage and Debt/Equity Ratios for 2025 are fine at 2.22 and 1.19 and currently at 2.41 and 1.38.

Type	Year End	Ratio Curr
Lg Term R	0.43	0.82
Intang/GW	1.96	1.97
Liquidity	0.55	0.88
Liq. + CF	0.82	1.15
Debt Ratio	1.86	1.75
Leverage	2.22	2.41
D/E Ratio	1.19	1.38

The Total Return per Year is shown below for years of 5 to 30 to the end of 2025 in CDN$. 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	28.84%	5.40%	2.25%	3.16%
2015	10	1.27%	-4.70%	-6.78%	2.08%
2010	15	5.99%	4.78%	1.64%	3.14%
2005	20	6.41%	6.55%	2.70%	3.84%
2000	25	6.78%	12.22%	5.68%	6.54%
1995	30	5.62%	9.43%	5.02%	4.42%

The Total Return per Year is shown below for years of 5 to 35 to the end of 2025 in US$. 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	26.96%	3.88%	0.65%	3.22%
2015	10	1.38%	-4.55%	-6.75%	2.20%
2010	15	3.76%	2.50%	-0.48%	2.98%
2005	20	5.54%	3.97%	1.00%	2.97%
2000	25	6.84%	3.03%	0.60%	2.43%
1995	30	6.96%	8.59%	4.92%	3.68%
1990	35	5.93%	7.61%	4.43%	3.19%

The 5-year low, median, and high median Price/Earnings per Share Ratios are 9.26, 10.97 and 12.67. The corresponding 10 year ratios are 9.32, 11.12 and 12.91. The corresponding historical ratios are 9.12, 13.71 and 17.98. The current ratio is 8.03 based on a stock price of $36.86 and EPS estimate for 2026 of $6.54. The current ratio is below the low ratio of the 10 year median ratio. This stock price testing suggests that the stock price is relatively cheap. This testing is in US$.

I also have Adjusted Earnings per Share (AEPS) data. The 5-year low, median, and high median Price/Adjusted Earnings per Share Ratios are 9.03, 11.02, and 13.01. The corresponding 10 year ratios are 10.70, 12.70 and 14.64. The corresponding historical ratios are 8.93, 11.53 and 13.78. The current ratio is 7.78 based on a stock price of $36.86 and AEPS estimate for 2026 of $4.74. The current ratio is below the low ratio of the 10 year median ratio. This stock price testing suggests that the stock price is relatively cheap. This testing is in US$.

I get a Graham Price of $75.99. The 10-year low, median, and high median Price/Graham Price Ratios are 0.61, 0.71 and 0.82. The current ratio is 0.49 based on a stock price of $36.86. The current ratio is below the low ratio of the 10 year median ratios. This stock price testing suggests that the stock price is relatively cheap. This testing is in US$.

I get a 10-year median Price/Book Value per Share Ratio of 0.97. The current ratio is 0.68 based on a Book Value of $10,120M, Book Value per Share of $54.14 and a stock price of $36.86. The current ratio is 30% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively cheap. This testing is in US$.

I get a 10-year median Price/Cash Flow per Share Ratio of 6.87. The current ratio is 4.11 based on Cash Flow per Share estimate for 2026 of $8.97, Cash Flow of $1,677M and a stock price of $36.86. The current ratio is 40% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively cheap. This testing is in US$.

I get an historical median dividend yield of 1.96%. The current dividend is 5.21% based on dividends of $1.92 and a stock price of $36.86. The current dividend yield is 166% above the historical median dividend yield. This stock price testing suggests that the stock price is relatively cheap. This testing is in US$.

I get a 10 year median dividend yield of 2.54%. The current dividend is 5.21% based on dividends of $1.92 and a stock price of $36.86. The current dividend yield is 105% above the 10 year median dividend yield. This stock price testing suggests that the stock price is relatively cheap. This testing is in US$.

The 10-year median Price/Sales (Revenue) Ratio is 1.09. The current ratio is 0.62 based on Revenue estimate for 2026 of $11,059M, Revenue per Share of $59.17 and a stock price of $36.86. The current ratio is 43% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively cheap. This testing is in US$.

Results of stock price testing is that the stock price is probably relatively cheap. The dividend yield testing says this and it is confirmed by the P/S Ratio test. All the testing is saying that the stock price is relatively cheap. I am testing in US$ as the financials are in US$ and the estimates are in US$.

When I look at analysts’ recommendations, I find Strong Buy (4), Buy (2), Hold (11), Underperform (3), and Sell (1). The consensus would be a Hold. The 12 month consensus stock price is $44.90 with a high of $61.00 and a low of $33.00. The consensus stock price of $44.90 implies a total return of 27.02% with 21.81% from capital gains and 5.21% from dividends based on a current stock price of $36.86. This testing is in US$.

The analysts’ recommendations are Strong Buy (4), Buy (2), Hold (11), Underperform (3), and Sell (1). The consensus would be a Hold. The 12 month consensus stock price is $63.96 with a high of $86.90 and a low of $47.01. The consensus stock price of $63.96 implies a total return of 23.40% with 18.34% from capital gains and 5.06% from dividends based on a current stock price of $54.05. This testing is in CDN$. I am using the latest exchange rates. Sometimes there is a difference in CDN and US markets. I did the rest of the testing is US$ because the financials are in US$ and the estimates are in US$.

There is one entry on Stock Chase for 2025 and the analysts says that the Beer Market is tough and Do Not Buy. Tony Dong on Motley Fool thinks this is a great company to buy and hold forever. Nikhil Kumar on Motley Fool thinks that this company is uniquely positioned to thrive in the current consumer market. The company put out a press release about their fourth quarter for 2025. The company put out a Press Release about their second quarter of 2026.

Zacks Equity Research via Yahoo Finance reviews the beer consumer industry. Simply Wall Street via Yahoo Finance reviews this stock and talks about whether it is under or overvalued.

Molson Coors Canada Inc is a large brewer and distributor of beer and other malt beverages. Its brands include Coors Light, Miller Lite, Molson Canadian, Carling, Staropramen, Coors Banquet, Blue Moon, Vizzy, Leinenkugel, and Creemore. Its breweries are located across the U.S., Canada, and Europe, with the majority of the company's revenue generated in the Americas. Its web site is here Molson Coors Canada.

The last stock I wrote about was about was Medtronic PLC (NYSE-MDT) ... learn more. The next stock I will write about will be Brookfield Corp (TSX-BN, NYSE-BN) ... learn more on Monday, October 12, 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.

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