Evertz Technologies Ltd

Sound bite for Twitter is: Dividend Growth Tech. Results of stock price testing is that the stock price is probably cheap. Debt Ratios are good. The Dividend Payout Ratios (DPR) are too high and need to improve. The current dividend yield is good with dividend growth low. See my spreadsheet on Evertz Technologies Ltd.

Is it a good company at a reasonable price? I am holding on to my shares at this time. I still think that this could be a good company for me. It is, of course, a risky buy. I have this stock in my main trading account. I also have it in my TFSA, which is my fooling around money. This stock is testing as relatively cheap and it probably is.

I own this stock of Evertz Technologies Ltd (TSX-ET, OTC-EVTZF). I got the idea to investigate this stock from a G&M Article. It looked like something I might want to try out. This stock came up in a stock screen filter article that was looking for reliable dividend payers. That is companies that have reliable profits big enough to comfortably cover their dividend payments. This was in 2011.

When I was updating my spreadsheet, I noticed I bought this as a small cap tech that I hoped would become a backbone stock. It has not. I have had this stock since 2011 and then several more purchases. I have made 4.10% per year with a capital loss of 2.98% and dividends at 7.08%. More than half the company is owned by the CEO and Chairman. Within the last year, the CFO bought more shares, some around $12.00 and some around $10.75.

Note that the annual report I am reviewing is for the fourth quarter of 2026 dated April 30, 2025. April 30 each year is the annual reporting period for this stock.

If you look at the chart on this company, there was a huge spike in the stock price in 2007 and then the stock price went up and down, but results in a rather flat stock price. There was a spike down in the stock price in 2020 and then the stock price when up and down, but at a lower level than before 2020.

If you had invested in this company in December 2014, for $1,003.20 you would have bought 57 shares at $17.60 per share. In December 2024, after 10 years you would have received $578.55 in dividends. The stock would be worth $718.20. Your total return would have been $1,296.75. This would be a total return of 3.37% per year with 3.29% from capital loss and 6.66% from dividends.

Cost	Tot. Cost	Shares	Years	Dividends	Stock Val	Tot Ret
$17.60	$1,003.20	57	10	$578.55	$718.20	$1,296.75

The current dividend yield is good with dividend growth low. The dividend yield is good (5% to 6% ranges) at 6.66%. The 5 year median dividend yield is good at 5.80%. The 10 year and historical dividend yields are moderate (2% to 4% ranges) at 4.75% and 4.10%. The dividend growth is low (below 8% per year) at just 1.9% per year over the last 5 years. The last dividend increase was in 2025 and it was for 2.6%.

The Dividend Payout Ratios (DPR) are too high and need to improve. The DPR for 2024 for Earnings per Share (EPS) is far too high at 103% with 5 year coverage at 113%. The DPR for 2024 for Cash Flow per Share (CFPS) is far too high at 67% with 5 year coverage at 73%. The DPR for 2024 for Free Cash Flow (FCF) is far too high at 88% with 5 year coverage at 94%. There is no agreement on what the FCF and for 2025 ranges is from $66.6M to 91.7M. I am using the lower range.

Item	Cur	5 Years
EPS	102.60%	113.47%
CFPS	67.31%	73.78%
FCF	87.97%	94.20%

Debt Ratios are good. The Long Term Debt/Market Cap Ratio for 2024 is good at 0.08 and currently at 0.07. The Liquidity Ratio for 2024 is good at 2.14 and 2.14 currently. The Debt Ratio for 2024 is good at 2.37 and 2.37 currently. The Leverage and Debt/Equity Ratios for 2024 are good at 1.73 and 0.73 and currently at 1.73 and 0.73.

Type	Year End	Ratio Curr
Lg Term R	0.08	0.07
Intang/GW	0.02	0.02
Liquidity	2.14	2.14
Liq. + CF	2.35	2.27
Debt Ratio	2.37	2.37
Leverage	1.73	1.73
D/E Ratio	0.73	0.73

The Total Return per year is shown below for years of 5 to 18 to the end of 2024. 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.
2019	5	1.87%	-0.91%	-6.74%	5.83%
2014	10	1.51%	3.37%	-3.29%	6.66%
2009	15	6.21%	6.58%	-0.46%	7.04%
2006	18	8.42%	5.43%	-0.42%	5.85%

The 5-year low, median, and high median Price/Earnings per Share Ratios are 12.56, 15.29 and 17.87. The corresponding 10 year ratios are 13.82, 16.26 and 19.13. The corresponding historical ratios are 14.04, 16.94 and 19.68. The current ratio is 16.47 based on a stock price of $12.02 and EPS estimate for 2026 of $0.73. 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 $7.63. The 10-year low, median, and high median Price/Graham Price Ratios are 1.39, 1.64 and 1.95. The current ratio is 1.58 based on a stock price of $12.02. 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 3.77. The current ratio is 3.39 based on a stock price of $12.02, Book Value of $268.6M, and Book Value per Share of $3.55. The current ratio is 10% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable and below the median.

I get a 10-year median Price/Cash Flow per Share Ratio of 13.17. The current ratio is 10.73 based on Cash Flow per Share estimate for 2026 of $1.12, Cash Flow of $84.8M and a stock price of $12.02. The current ratio is 19% 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 4.10%. The current dividend yield is 6.66% based on a dividend of $0.80 and a stock price of $12.02. The current dividend yield is 62% 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 4.75%. The current dividend yield is 6.66% based on a dividend of $0.80 and a stock price of $12.02. The current dividend yield is 40% above the 10 year median dividend yield. This stock price testing suggests that the stock price is relatively cheap.

The 10-year median Price/Sales (Revenue) Ratio is 2.69. The current P/S Ratio is 1.73 based on Revenue estimate for 2026 of $526.9M, Revenue per Share of $6.96 and a stock price of $12.02. The current ratio is 36% below the 10 yar 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 dividend yield tests say this and it is confirmed by the P/S Ratio test. However, most of the rest of the testing is saying that the stock price is reasonable and below the median.

When I look at analysts’ recommendations, I find Strong Buy (2) and Buy (1). The consensus would be a Strong Buy. The 12 month stock price consensus is $13.92 with a high of $12.25 and low of $13.50. The consensus stock price of $13.92 implies a total return of 22.46% with 15.81% from capital gains and 6.66% from dividends based on a current stock price of $12.02.

Last year, when I look at analysts’ recommendations, I found Strong Buy (1), Buy (2). The consensus would be a Strong Buy. The 12 months stock price consensus was $17.17 with a high of $17.50 and low of $17.00. The consensus stock price of $17.17 implied a total return of 44.29% with 38.02% from capital gains and 6.27% from dividends based on a stock price of $12.44. What happened was that the stock price fell from $12.44 to $12.02 a loss of 3.38%. Therefore the total return would have been 2.89% with a capital loss of 3.38% and dividends of 6.27%.

There is one entry on Stock Chase for this stock and it is a Buy. Christopher Liew on Motley Fool reviews this stock and says it is a gem. Adam Othman on Motley Fool reviewed this stock last year and said that the high Dividend Payout Ratio makes it seem like a risky investment. The company put out a press release via Globe and Mail on their fourth quarter for 2025 dated April 30, 2025.

Simply Wall Street via Yahoo Finance reviews this stock and says it is a promising small cap. It has one warning of dividend of 6.68% is not well covered by earnings.

Evertz Technologies Ltd is a Canadian provider of telecommunications equipment and technology solutions to the television broadcast and new-media industries. More than half of the firm's revenue is generated in the United States. Its web site is here Evertz Technologies Ltd.

The last stock I wrote about was about was Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF) ... learn more. The next stock I will write about will be Superior Plus Corp (TSX-SPB, OTC-SUUIF) ... learn more on Friday, August 15, 2025 around 5 pm. Tomorrow on my other blog I will write about Compounding Quality.... learn more on Thursday, August 14, 2025 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.

Andrew Peller Ltd

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. Most Dividend Payout Ratios (DPR) need improving. The current dividend yield is moderate with dividend growth low. See my spreadsheet on Andrew Peller Ltd.

Is it a good company at a reasonable price? I think that this stock is cheap for a reason. Growth is low and they are paying too much out in dividends. The dividend payouts are set to moderate according to analysts, but they do not expect much growth in Revenue and Earnings over the next couple of year. A plus is that they have been paying dividends each year for the past 46 years. Over the past 37 years, they have raised the dividends 16 times. This stock is certainly testing as cheap.

I do not own this stock of Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF), but I used to. This stock was on Mike Higgs' dividend growth stock list. I owned this stock as Andres Wines Ltd between 1996 and 2000. When I held this stock, it was called Andres Wines Ltd. I sold in 2000 and I only made a total return of 5.41% per year with capital gains at 0.06% and dividends at 5.35%.

When I was updating my spreadsheet, I noticed that growth in Revenue has been low. Revenue growth is important because if this does not grow there is not much hope for revenue and cash flow growth. They are paying too much in dividends, but analyst expect DPR to be in the 50% ranges this year and next. It would be better in the 40% ranges. Analysts do not expect much growth this year or next.

If you had invested in this company in December 2014, for $1,004.67 you would have bought 200 shares at $5.02 per share. In December 2024, after 10 years you would have received $416.72 in dividends. The stock would be worth $828.00. Your total return would have been $1,244.72. This would be a total return of 2.53% per year with 1.92% from capital loss and 4.45% from dividends. The thing with dividend stocks is that you tend not to lose money overall.

Cost	Tot. Cost	Shares	Years	Dividends	Stock Val	Tot Ret
$5.02	$1,004.67	200	10	$416.72	$828.00	$1,244.72

The current dividend yield is moderate with dividend growth low. The current dividend yield is moderate (2% to 4% ranges) at 4.50%. The 5, 10 and historical median dividend yields are also moderate at 4.19%, 2.15% and 3.72%. The dividend growth is low (below 8% per year) at 3% per year over the past 5 years. The last dividend increase was in 2022 and it was for 9.04%. There have been no dividend increases since. There is no information on what the dividend increases might resume. However, they have never raised the dividends each year. `

Most Dividend Payout Ratios (DPR) need improving. The DPR for 2024 for Earnings per Share (EPS) is too high at 97% with 5 year coverage at 117%. The DPR for 2024 for Adjusted Earnings per Share (AEPS) is too high at 103% with 5 year coverage at 134%. The DPR for 2024 for Cash Flow per Share (CFPS) is good at 17% with 5 year coverage at 30%. The DPR for 2024 for Free Cash Flow (FCF) is good at35% with 5 year coverage too high at 72%.

Item	Cur	5 Years
EPS	97.27%	116.54%
AEPS	102.66%	134.26%
CFPS	17.43%	30.40%
FCF	35.48%	71.95%

Debt Ratios are fine. The Long Term Debt/Market Cap Ratio for 2024 is fine at 0.86 and currently at 0.74, but would be better if the values were 0.50 or under. The Liquidity Ratio for 2024 is good at 3.40 and 3.40 currently. The Debt Ratio for 2024 is good at 1.81 and 1.81 currently. The Leverage and Debt/Equity Ratios for 2024 are fine at 2.23 and 1.23 and currently at 2.23 and 1.23.

Type	Year End	Ratio Curr
Lg Term R	0.86	0.74
Intang/GW	0.43	0.37
Liquidity	3.40	3.40
Liq. + CF	4.17	3.83
Debt Ratio	1.81	1.81
Leverage	2.23	2.23
D/E Ratio	1.23	1.23

The Total Return per year is shown below for years of 5 to 40 to the end of 2024 for Class A stock. 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.
2019	5	2.96%	-15.73%	-18.91%	3.18%
2014	10	6.18%	2.53%	-1.92%	4.45%
2009	15	5.51%	8.39%	3.15%	5.24%
2004	20	6.36%	5.50%	1.43%	4.07%
1999	25	5.06%	8.88%	3.95%	4.94%
1994	30	4.46%	8.99%	4.00%	4.99%
1989	35	3.81%	8.77%	3.34%	5.43%
1984	40	3.60%	7.38%	2.96%	4.42%

The 5-year low, median, and high median Price/Earnings per Share Ratios are 11.86, 14.96 and 18.05. The corresponding 10 year ratios are 12.87, 17.92 and 21.79. The corresponding historical ratios are 11.45, 13.26 and 14.76. The current ratio is 12.72 based on a stock price of $5.47 and EPS estimate for 2026 is $0.43. 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 also have Adjusted Earnings per Share (AEPS) data. The 5-year low, median, and high median Price/Adjusted Earnings per Share Ratios are 12.21, 15.40 and 18.59. The corresponding 10 year ratios are 13.24, 17.30 and 21.91. The corresponding historical ratios are 11.24, 14.45 and 15.92. The current ratio is 11.64 based on a stock price of $5.47 and AEPS estimate for 2026 is $0.47. 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 Graham Price of $7.71. The 10-year low, median, and high median Price/Graham Price Ratios are 0.98, 1.33 and 1.67. The current ratio is 0.71 based on a stock price of $5.47. 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 1.71. The current ratio is 0.97 based on a stock price of $5.47, Book Value of $243.8M and Book Value per Share of $5.62. The current ratio is below the 10 year Ratio by 43%. 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 14.51. The current ratio is 6.08 based on Cash Flow per Share estimate for 2026 of $0.90, Cash Flow of $39M, and a stock price of $5.47. The current ratio is below the 10 year median ratio by 58%. This stock price testing suggests that the stock price is relatively cheap.

I get an historical median dividend yield of 3.72%. The current dividend yield is 4.50% based on dividends of $.246 and a stock price of $5.47. The current ratio is 21% above the historical median dividend yield. This stock price testing suggests that the stock price is relatively cheap.

I get an historical median dividend yield of 2.15%. The current dividend yield is 4.50% based on dividends of $.246 and a stock price of $5.47. The current ratio is 109% 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 1.05. The current ratio is 0.60 based on Revenue estimate for 2026 of $393.6M, Revenue per Share of $9.08 and a stock price of $5.47. 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 dividend yield testing is saying this. It is confirmed by the P/S Ratio test. All the tests are saying the same thing, that the stock price is relatively cheap.

When I look at analysts’ recommendations, I find only Strong Buy (2). The 12 months stock price is $12.00 with a high of $13.50 and low of $10.50. The 12 month stock price of $12.00 implies a total return of 123.88% with 119.38% from capital gains and 4.50% from dividends based on a current stock price of $5.47.

The last analyst comment was in 2024 on Stock Chase. Analyst said Do Not Buy. He saw the future uncertain because of Ontario rolling out more retail locations. A comment in 2023 was that the price dropped due to slow growth and supply chain issues. Brian Paradza on Motley Fool thinks this company will gain because of US wine being pulled from Canadian shelves. This is not a well followed stock and the comment prior was in 2023. Daniel Da Costa on Motley Fool thinks that this is a highly defensive stock. The company put out a Press Release about their fourth quarter results for March 2025.

Simply Wall Street via Yahoo Finance review this stock. They like it that it is up 17% in the previous quarter, but says that does not change the fact that shareholders have losses over the past 5 years. Simply Wall Street has 3 warnings out on this stock of interest payments are not well covered by earnings; earnings have declined by 55.5% per year over past 5 years; and dividend of 4.52% is not well covered by earnings.

Andrew Peller Ltd is a wine-producing company. The company is engaged in the production, bottling, and marketing of wine, spirits, and craft beverage alcohol products in Canada. Some of the company's brands are Peller Estates, Trius Winery, Thirty Bench, Wayne Gretzky, Sandhill, Red Rooster, Calona Vineyards, and many more. The Company owns and operates independent retail locations in Ontario under The Wine Shop, Wine Country Vintners, and Wine Country Merchants store. Its web site is here Andrew Peller Ltd.

The last stock I wrote about was about was BlackBerry Ltd (TSX-BB, NYSE-BB) ... learn more. The next stock I will write about will be Evertz Technologies Ltd (TSX-ET, OTC-EVTZF) ... learn more on Wednesday, August 13, 2025 around 5 pm. Tomorrow on my other blog I will write about George Friedman on Russia.... learn more on Tuesday, August 11, 2025 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.

BlackBerry Ltd

Sound bite for Twitter is: Canadian Tech Stock. Results of stock price testing is that the stock price is probably reasonable and below the median. Debt Ratios are good. This stock has no dividend so there is no dividend yield and no Dividend Payout Ratios (DPR). See my spreadsheet on BlackBerry Ltd.

Is it a good company at a reasonable price? The stock price (and the company) had a high in 2008 and stock price has been declining ever since. Revenue has been declining since 2012. They have not done much in earnings neither. Analysts seem to think that both Revenue and Earnings will turn up over the next couple of years. Perhaps. This stock cannot be thought of anything else but high risk. Analysts give it a Hold. That is unusual as mostly analysts give stock a Strong Buy or Buy rating. It is testing as reasonable.

I do not own this stock of BlackBerry Ltd (TSX-BB, NYSE-BB). I bought this stock for capital gain. I first bought it in 1999 and then some more in 2000. I sold some in 2006 and 2007 to lock in some profit. I sold the rest of my stock in 2010.

When I was updating my spreadsheet, I noticed that only one of the current directors has any shares in the company and this includes the Chairman. However, all the officers that I follow, including the CEO have increased their shares in the company over the past year. I noticed that the Chairman is the same as for the last couple of year, but the three other directors I was following have gone.

I made a total return of 20.18% per year on this stock. However, if I had continued to hold my shares until recently, I would have lost 4.25% per year.

If you had invested in this company in December 2014, for $1,006.46 you would have bought 79 shares at $12.74 per share. In December 2024, after 10 years you would have received $0.00 in dividends. The stock would be worth $431.34. Your total return would have been $431.34. This would be a total loss of 8.18% per year with 8.18% from capital loss and 0.00% from dividends.

Cost	Tot. Cost	Shares	Years	Dividends	Stock Val	Tot Ret
$12.74	$1,006.46	79	10	$0.00	$431.34	$431.34

This stock has no dividend so there is no dividend yield and no Dividend Payout Ratios (DPR).

Debt Ratios are good. The Long Term Debt/Market Cap Ratio for 2024 is good at 0.0.07 and currently at 0.09. The Liquidity Ratio for 2024 is good at 1.72 and 2.10 currently. The Debt Ratio for 2024 is good at 2.25 and 2.49 currently. The Leverage and Debt/Equity Ratios for 2024 are good at 1.80 and 0.80 and currently at 1.67 and 0.67.

Type	Year End	Ratio Curr
Lg Term R	0.07	0.09
Intang/GW	0.62	0.74
Liquidity	1.72	2.10
Liq. + CF	2.27	2.27
Debt Ratio	2.25	2.49
Leverage	1.80	1.67
D/E Ratio	0.80	0.67

The Total Return per year is shown below for years of 5 to 28 to the end of 2024 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.
2019	5	0.00%	-8.15%	-8.15%	0.00%
2014	10	0.00%	-8.12%	-8.12%	0.00%
2009	15	0.00%	-15.72%	-15.72%	0.00%
2004	20	0.00%	-8.59%	-8.59%	0.00%
1999	25	0.00%	-2.81%	-2.81%	0.00%
1996	28	0.00%	5.53%	5.53%	0.00%

The Total Return per year is shown below for years of 5 to 28 to the end of 2024 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.
2019	5	0.00%	-10.05%	-10.05%	0.00%
2014	10	0.00%	-10.11%	-10.11%	0.00%
2009	15	0.00%	-17.49%	-17.49%	0.00%
2004	20	0.00%	-9.44%	-9.44%	0.00%
1999	25	0.00%	-2.81%	-2.81%	0.00%
1996	28	0.00%	5.33%	5.33%	0.00%

The 5-year low, median, and high median Price/Earnings per Share Ratios are negative and so unusable. The corresponding 10 year ratios are also negative and unusable. The corresponding historical ratios are 5.87, 9.96 and 12.55. The current P/E Ratio is 60.01 based on a stock price of $4.94 and EPS estimate for 2026 of $0.06. This P/E Ratio is very high. This stock price testing suggests that the stock price is relatively expensive. This testing is in CDN$.

I also have Adjusted Earnings per Share (AEPS) data. The 5-year low, median, and high median Price/Earnings per Share Ratios are 20.30, 87.73 and 115.23. The corresponding 10 year ratios are 62.70, 87.90 and 115.16. The corresponding historical ratios are 8.75, 16.77 and 25.54. The current P/AEPS Ratio is 40.01 based on a stock price of $4.94 and AEPS estimate for 2026 of $0.12. Ratio is very high, but then this company either had earnings losses or very low earnings in most years. The current ratio is below the low ratio of the 10 year median ratios. This stock price testing suggests that the stock price is relatively cheap. This testing is in CDN$.

I get a Graham Price of $2.15. The 10-year low, median, and high median Price/Graham Price Ratios are 2.00, 3.43 and 4.43. The current P/GP Ratio is 2.29 based on a stock price of $4.94. The current ratio is between the low and median ratio of the 10 year median ratios. This stock price testing suggests that the stock price is relatively reasonable and below the median. This testing is in CDN$.

I get a 10-year median Price/Book Value per Share Ratio of 2.41. The current P/B Ratio is 2.94 based on a Book Value of $725M, Book Value per Share of $1.22 and a stock price of $3.58. The current ratio is 23% above the 10 year median ratio. This stock price testing suggests that the stock price is relatively expensive. This testing is in US$.

This testing in CDN$ is different and testing in CDN$ shows that the current ratio is only 7% above the 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable but above the median. US$ and CDN$ testing does not always agree on this stock, but I can not find anything wrong with my spreadsheet. Generally, testing in CDN$ and US$ are close.

I get a 10-year median Price/Cash Flow per Share Ratio of 7.91. The current ratio is 51.14 based on Cash Flow per Share estimate for 2026 of $0.07, Cash Flow of $42.00 and a stock price of $3.58. The current ratio is 547% above the 10 year median ratio. This stock price testing suggests that the stock price is relatively expensive. This testing is in US$. You will get a similar answer in CDN$.

I cannot do any dividend yield testing because this stock has no dividends.

The 10-year median Price/Sales (Revenue) Ratio is 4.15. The current ratio is 4.11 based Revenue estimate for 2026 of $520M, Revenue per Share of $0.87 and a stock price of $3.58. The current ratio is 1% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable and below the median. This testing is in US$. You will get a similar answer in CDN$.

Results of stock price testing is that the stock price is probably reasonable and below the median. The P/S Ratio testing says this. The Price/Graham Price Ratio test is also saying this. Problem with the P/E Ratio and P/AEPS Ratio tests is the lack of earnings.

When I look at analysts’ recommendations, I find Strong Buy (1), Hold (5) and Sell (1). The consensus would be a Hold. The 12 months stock price is $5.21 ($3.80 US$), with a high of $5.53 ($4.03 US$) and low of $4.91 ($3.58 US$). The consensus stock price of $5.21 implies a total return of $5.54% all from capital gains based on a current stock price of $4.94.

There is only one entry on Stock Chase so this stock is not well followed. The entry says they have a strong cybersecurity business, but not super cheap. Sneha Nahata on Motley Fool says BlackBerry is undergoing a strategic transformation, focusing on high-value, scalable markets and building a more sustainable business model. Aditya Raghunath on Motley Fool says BlackBerry Limited delivered a robust first quarter for fiscal 2026, exceeding guidance across all key metrics and demonstrating the effectiveness of its strategic transformation into a cybersecurity and automotive software leader. The company put out a press release via Globe and Mail on the fourth quarter results for February 2025.

Zacks via Yahoo Finance puts out a report on this stock. There is also another report by Insider Monkey via Yahoo Finance. Simply Wall Street has one warning out on this stock of Large one-off items impacting financial results.

BlackBerry Ltd. provides intelligent security software and services to enterprises and governments worldwide. BlackBerry aligned its software and services business around 2 key market opportunities: Cyber Security and IoT. Its web site is here BlackBerry Ltd.

The last stock I wrote about was about was Well Health Technologies Corp (TSX-WELL, OTCQX-WHTCF) ... learn more. The next stock I will write about will be Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF) ... learn more on Monday, August 11, 2025 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.

Well Health Technologies Corp

Sound bite for Twitter is: Heath Care Sector stock. Results of stock price testing is that the stock price is probably cheap, but it could just be reasonable. Debt Ratios are mostly fine, but they need to improve their Liquidity Ratio. This company does not pay a dividend so there is no dividend yield information and no Dividend Payout Ratios (DPR). See my spreadsheet on Well Health Technologies Corp.

Is it a good company at a reasonable price? I bought shares in the company last week. I bought them with my fooling around money in the TFSA. It is a small but growing company. It is a high risk. The stock price might be on the cheap side.

I own this stock of Well Health Technologies Corp (TSX-WELL, OTCQX-WHTCF). I was interested in this stock when I heard it was to acquire Toronto based MyHealth Centers. See report on Newswire.

When I was updating my spreadsheet, I noticed that it seems that British Columbia and Quebec seem to be able to grow small companies. Ontario does not. This company is out of British Columbia. I noticed that the Chairman owns some 6% of the outstanding shares. All the officers and directors I follow have bought shares over the past 12 months.

If you had invested in this company in December 2017, for $1,000.12 you would have bought 2,273 shares at $0.44 per share. In December 2024, after 7 years you would have received $0.00 in dividends. The stock would be worth $15,592.78. Your total return would have been $15,592.78. This would be a total return of 14.03% per year with 12.56% from capital gain and 1.47% from dividends.

Cost	Tot. Cost	Shares	Years	Dividends	Stock Val	Tot Ret
$0.44	$1,000.12	2,273	7	$0.00	$15,592.78	$15,592.78

This company does not pay a dividend so there is no dividend yield information and no Dividend Payout Ratios (DPR).

Debt Ratios are mostly fine, but they need to improve their Liquidity Ratio. The Long Term Debt/Market Cap Ratio for 2024 is good at 0.20 and currently at 0.32. The Liquidity Ratio for 2024 is far too low at 0.91 and 0.92 currently. If you added in Cash Flow after dividends, the ratios are still far too low at 0.93 and currently at 0.94. The Debt Ratio for 2024 is good at 2.06 and 2.01 currently. The Leverage and Debt/Equity Ratios for 2024 are fine at 2.08 and 1.01 and currently at 2.17 and 1.08.

Type	Year End	Ratio Curr
Lg Term R	0.20	0.32
Intang/GW	0.67	0.98
Liquidity	0.91	0.92
Liq. + CF	0.93	0.95
Debt Ratio	2.06	2.01
Leverage	2.08	2.17
D/E Ratio	1.01	1.08

The Total Return per year is shown below for years of 5 to 7 to the end of 2024. 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.
2019	5	0.00%	34.47%	34.47%	0.00%
2017	7	0.00%	48.05%	48.05%	0.00%

The 5-year low, median, and high median Price/Earnings per Share Ratios are essentially 0 or non-calculable. The corresponding 6 year ratios are negative and so useless. The current P/E Ratio is 118.75 based on a stock price of $4.75 and EPS estimate for $0.04. This is a really high P/E Ratio. This stock price testing suggests that the stock price is relatively expensive.

I also have Adjusted Earnings per Share (AEPS) data. The 5-year low, median, and high median Price/Adjusted Earnings per Share Ratios are 12.86, 19.50 and 26.14. The corresponding 7 year ratios are 10.96, 16.33 and 21.71. The current P/AEPS Ratio is 12.84 based on a stock price of $4.75 and AEPS estimate for 2025 of $0.37. This is between the 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 $5.24. The 4-year low, median, and high median Price/Graham Price Ratios are 1.34, 1.26 and 1.35. The current P/GP Ratio is 0.91 based on a stock price of $4.75. This stock price testing suggests that the stock price is relatively cheap. There have only been positive earnings for the last 4 years.

I get a 7-year median Price/Book Value per Share Ratio of 1.43. The current P/B Ratio is 1.44 based on a Book Value $834M, Book Value per Share of $1.67 and a stock price of $4.75. The current ratio is 0.4% above the 7 year median ratio. This stock price testing suggests that the stock price is relatively reasonable and at the median.

I get a 7-year median Price/Cash Flow per Share Ratio of 5.92. The current ratio is 41.10 based on cash flow for the last 12 months of $29.2M, Cash Flow per Share of $0.12 and a stock price of $4.75. The current ratio is 595% above the 7 year median ratio. This stock price testing suggests that the stock price is relatively expensive. The Cash Flow is quite volatile.

I cannot do any dividend yield testing because this stock has no dividend.

The 6-year median Price/Sales (Revenue) Ratio is 2.46. The current P/S Ratio is 0.85 based on Revenue estimate for 2025 of $1,413M, Revenue per Share of $5.59 and a stock price of $4.75. The current P/S Ratio is 65% below the 6 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, but it could just be reasonable. The P/S Ratio test is saying this and this is good test. The P/AEPS Ratio test is saying that the stock price is reasonable and below the median. This is a good test.

When I look at analysts’ recommendations, I find Strong Buy (7), Buy (6), and Hold (1). The consensus is a Strong Buy. The 12 month stock price consensus is $7.65 with a high of $9.00 and low of $5.25. The consensus stock price of $7.65 implies a total return of 61.05% all from capital gains.

There are quite a few entries on Stock Chase in 2025 for this company. Some seem to think it is a buy, but others are cautious. One analyst thought that debt and cash flow need to improve for the stock to go higher. Amy Legate-Wolfe on Motley Fool thinks this stock is due for a comeback. She thinks that it is currently selling at an attractive price. Rajiv Nanjapla on Motley Fool thinks that this company has good growth prospects. The company put out a Press Release about their fourth quarter of 2024. The company put out a Press Release about their first quarter of 2025.

Simply Wall Street via Yahoo Finance likes that there is a 22.6% insider ownership for this company. Simply Wall Street via Yahoo Finance takes a look at this company and thinks that the consensus price target of $7.63 and thinks that this price target might be too pessimistic. Simply Wall Street shows no warnings for this stock.

An article dated October 17, 2024 talks about Hong Kong Billionaire Solian Chau buying a 14% stake in this company. There is an article on CANTECH about Stifel analyst Justin Keywood recommending this stock in June 2025.

WELL Health Technologies Corp is a practitioner-focused digital healthcare company. It has seven reportable segments that are grouped into three key business units: Canadian Patient Services that includes Primary and Specialized MyHealth. WELL Health USA Patient Services includes Primary Circle Medica, Primary WISP, Specialized CRH Medical, and Specialized Provider Staffing and SaaS and Technology Services. It generates the majority of its revenue from Well Health USA Patient and Provider Services. Its web site is here Well Health Technologies Corp.

The last stock I wrote about was about was Stingray Digital Group Inc (TSX-RAY.A, OTC-STGYF) ... learn more. The next stock I will write about will be BlackBerry Ltd (TSX-BB, NYSE-BB) ... learn more on Friday, August 8, 2025 around 5 pm. Tomorrow on my other blog I will write about Something to Buy August 2025.... .... learn more on Thursday, August 7, 2025 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.

Stingray Digital Group Inc

Sound bite for Twitter is: Dividend Paying Consumer. Results of stock price testing is that the stock price could still be reasonable, but be cautious. Debt Ratios are fine, but the company has a lot of debt. The Dividend Payout Ratios (DPR) are fine. The current dividend yield is moderate with dividend growth stopped. See my spreadsheet on Stingray Digital Group Inc.

Is it a good company at a reasonable price? I have done fine with this stock. I have made several purchases over the years. I am planning on holding on to what I have. I have no plans on buying more, but then I currently have no spare money in my TFSA account. The stock is at a high, so generally that is not a good time to buy. The price could be reasonable, but it also could be on the expensive side.

I own this stock of Stingray Digital Group Inc (TSX-RAY.A, OTC-STGYF). I found this an interesting small cap, so I bought for my TFSA account.

When I was updating my spreadsheet, I noticed that I have this year made a good return on my investment. My Total Return is 11.38% per year with 7.69% from capital gains and 3.69% from dividends. I have had this stock for almost 7 years. It would be nice if they increased the dividends again. They have been flat since 2021.

If you had invested in this company in December 2014, for $1,000.50 you would have bought 138 shares at $7.25 per share. In December 2024, after 10 years you would have received $340.86 in dividends. The stock would be worth $1,041.90. Your total return would have been $1,382.76. This would be a total return of 3.67% per year with 0.41% from capital gain and 3.26% from dividends.

Cost	Tot. Cost	Shares	Years	Dividends	Stock Val	Tot Ret
$7.25	$1,000.50	138	10	$340.86	$1,041.90	$1,382.76

See Total Returns below when I use the last 10 years to the end of December 2024 and to the end of the financial year of March 2025. The stock price is up almost 38% this year so far.

The current dividend yield is moderate with dividend growth stopped. The dividend yield is moderate (2% to 4% ranges) at 2.88%. The 5 year median dividend yield is good (5% and 6% ranges) at 5%. The 9 year and historical dividend yields are also moderate at 3.91%. Dividend increases stopped in 2022. Analysts do not see any change in the near future.

The Dividend Payout Ratios (DPR) are fine. The DPR for 2024 for Earnings per Share (EPS) is too high at 57% with 5 year coverage at 82%. However, the DPR for AEPS is more important. The DPR for 2024 for Adjusted Earnings per Share (AEPS) is good at 29% with 5 year coverage at 37%. The DPR for 2024 for Adjusted Free Cash Flow (AFCF) is high at 57% with 5 year coverage at 81%. These ratios would be better in the 40% range or lower. The DPR for 2024 for Cash Flow per Share (CFPS) is good at 16% with 5 year coverage at 19%. The DPR for 2024 for Free Cash Flow (FCF) is good at 28% with 5 year coverage at 30%. Here again, there is no agreement on what the FCF is, but they are not that far off.

Item	Cur	5 Years
EPS	56.60%	81.52%
AEPS	28.57%	34.78%
AFCF	56.60%	81.52%
CFPS	16.14%	18.76%
FCF	28.12%	30.25%

Debt Ratios are fine, but the company has a lot of debt. The Long Term Debt/Market Cap Ratio for 2024 is fine at 0.56 and currently good at 0.48. The Liquidity Ratio for 2024 is too low at 1.00 and 1.00 currently. If you added in Cash Flow after dividends, the ratios are fine at 1.64 and currently at 1.80. The Debt Ratio for 2024 is good at 1.49 and 1.49 currently. The Leverage and Debt/Equity Ratios for 2024 are too high at 3.06 and 2.06 and currently at 3.06 and 2.06. These would be better at if they were below 3.00 and 2.00.

Type	Yr End	Ratio Curr
Lg Term R	0.56	0.48
Intang/GW	1.04	0.90
Int less BL	0.60	0.51
Liquidity	1.00	1.00
Liq. + CF	1.64	1.80
Debt Ratio	1.49	1.49
Leverage	3.06	3.06
D/E Ratio	2.06	2.06

The Total Return per year is shown below for years of 5 to 10 to the end of December 2024. 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.
2019	5	1.39%	5.24%	1.12%	4.11%
2014	10	10.22%	3.67%	0.41%	3.26%

There is quite a difference when using the March financial year as the year ends. The Total Return per year is shown below for years of 5 to 10 to the end of March 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.
2019	5	1.39%	23.25%	17.59%	5.67%
2014	10	10.22%	5.15%	2.15%	3.00%

The 5-year low, median, and high median Price/Earnings per Share Ratios are 9.58, 13.22 and 16.86. The corresponding 10 year ratios are 13.32, 15.38 and 17.45. The corresponding historical ratios are 13.32, 15.38 and 17.45. The current P/E Ratio is 11.78 based on a stock price of $10.72 and EPS estimate for 2026 of $0.91. The current ratio is below the low ratio for the 10 year median ratio. 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 5.22, 7.20 and 9.18. The corresponding 10 year ratios are 7.33, 8.46 and 10.54. The current P/AEPS ratio is 8.38 based on a stock price of $10.72 and AEPS estimate for 2026 of 1.28. The current ratio is between the low and median ratio of the 10 year ratios. This stock price testing suggests that the stock price is relatively reasonable and below the median.

I get a Graham Price of $10.62. The 10-year low, median, and high median Price/Graham Price Ratios are 0.75, 0.86 and 1.00. The current ratio is 1.01 based on a stock price of $10.72. 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 1.99. The current P/B Ratio is 2.74 based on a stock price of $10.72, Book Value of $267M and Book Value per Share of $3.92. The current ratio is 37% above the 10 year ratio. This stock price testing suggests that the stock price is relatively expensive.

I also have an estimate for the Book Value per Share for 2026 of $4.67. This implies a ratio of 2.30 with a stock price of $10.72 and Book Value of $318M. This ratio is 15% 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 5.76. The current P/CF Ratio is 5.73 based on a stock price of $10.72, Cash Flow per Share estimate for 2026 of $1.87 and Cash Flow of $127M. The current ratio is 0.5% below 10 year median ratio. This stock price testing suggests that the stock price is relatively reasonable and below the median.

I get an historical and 10 year median dividend yield of 3.91%. The current dividend yield is 2.88% based on a dividend of $0.30 and a stock price of $10.72. The current dividend yield is 26% below the historical and 10 year median dividend yield. This stock price testing suggests that the stock price is relatively expensive. This test works best with increasing dividends and the dividend increases were stopped in 2022.

The 10-year median Price/Sales (Revenue) Ratio is 1.80. The current P/S Ratio is 1.76 based Revenue estimate for 2026 of $415.3M, Revenue per Share of $6.10 and a stock price of $10.72. 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 could still be reasonable, but be cautious. The P/S Ratio testing is saying that the stock price is reasonable. However, the dividend yield testing is saying that the stock price is expensive. There is a problem with this test as it works better with increasing dividends and here the dividends are flat. However, a company that stops dividend increases is showing problems. For the rest of the testing, it goes from cheap to expensive.

When I look at analysts’ recommendations, I find Strong Buy (3) and Buy (3). The consensus would be a Strong Buy. The 12 months target price is $13.12 with a high of $13.50 and low of $13.00. The 12 month target price of $13.12 implies a total return of 28.91% with 26.03% from capital gains and 2.88% from dividends.

The last comment on Stock Chase for this stock is in 2023. Analysts says that the company is profitable but concentrated in Canada. He is watching it. Christopher Liew on Motley Fool says that Stingray Group is viable because of numerous growth catalysts and opportunities. Christopher Liew on Motley Fool wrote about this stock also in January 2025. He seems to be the only one on Motley Fool covering this stock. The company put out a Press Release about their fourth quarter results for 2025.

Simply Wall Street via Yahoo Finance talks about this stock because it is a growth stock with insider ownership up to 22%.

Stingray Group Inc is a provider of multi-platform music services. It broadcasts music and video content on several platforms, including radio stations, premium television channels, digital TV, satellite TV, IPTV, the Internet, mobile devices, and game consoles. Geographically, the company derives its key revenue from Canada and the rest from the United States and other countries. Its web site is here Stingray Digital Group Inc.

The last stock I wrote about was about was Loblaw Companies Ltd (TSX-L, OTC-LBLCF) ... learn more. The next stock I will write about will be Well Health Technologies Corp (TSX-WELL, OTCQX-WHTCF) ... learn more on Wednesday, August 6, 2025 around 5 pm. Tomorrow on my other blog I will write about Dividend Stocks August 2025.... .... learn more on Tuesday, August 5, 2025 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.

Loblaw Companies Ltd

Sound bite for Twitter is: Dividend Growth Consumer. Results of stock price testing is that the stock price is probably relatively expensive. Some Debt Ratios are fine, but the company has too much debt. The Dividend Payout Ratios (DPR) are good. The current dividend yield is Low with dividend growth moderate. See my spreadsheet on Loblaw Companies Ltd.

Is it a good company at a reasonable price? This company seems to be doing very well at present. It does seem to be at all time high. I know that analysts have a buy rating on this stock, but generally speaking most analysts’ recommendations consensus is a Buy. The best way to buy any company for the long term, is to buy shares over a period of years and in different months. All my testing is pointing to the stock price as being on the expensive side.

I do not own this stock of Loblaw Companies Ltd (TSX-L, OTC-LBLCF), but I used to. I owned it from 1996 to 2007. It was originally a great stock. I sold it in 2007 because it was having problems with its tech upgrade to its supply system and it did not seem that it would be fixed anytime soon.

When I was updating my spreadsheet, I noticed that this stock started to do well again from 2014. However, I had replaced Loblaws with Metro and Metro has done well for me and it is a pure grocery stock. Loblaws is more than just groceries as it has real estate and Shoppers Drug Mart. This company had a very good year in 2024.

I noticed that if I had kept my stock to this date, I would have probably earned 11.38% per year with 9.30% from capital gains and 2.08% from dividends. That would be over a period of just 28 years. I had made two purchases, one in 1996 and one in 1998. So, in the end, I would not have done badly.

The company had problems and hit a low in 2008. That was 16 years ago and it has recovered. The stock hit a high in 2004 and it took the stock 11 years, until 2015 to get back to this high. People who bought this stock in 2004, just over 20 years ago have earned over past 20 years to 2024, 5.89% total return per year with 4.95% from capital gains and 0.94% from dividends. See chart below.

If you had invested in this company in December 2014, for $1,056.89 you would have bought 17 shares at $62.17 per share. In December 2024, after 10 years you would have received $229.13 in dividends. The stock would be worth $3,215.89. Your total return would have been $3,445.02. This would be a total return of 13.06% per year with 11.77% from capital gain and 1.29% from dividends.

Cost	Tot. Cost	Shares	Years	Dividends	Stock Val	Tot Ret
$62.17	$1,056.89	17	10	$229.13	$3,215.89	$3,445.02

The current dividend yield is low with dividend growth moderate. The current dividend is low (below 2%) at 1.01%. The 5, 10 and historical median dividend yields are also low at 1.46%, 1.51% and 1.46%. The dividends growth is moderate (8% to 14% range per year) at 9.9% per year over the past 5 years. The last dividend increase was in 2025 and it was for 10%.

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 9.87% 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 $223.68 would be. The last column shows the percentage of your stock’s price would be covered by dividends in 5, 10 and 15 years.

Div Pd	Div Yield	Years	At IRR	Div Cov
$3.61	1.62%	5	9.87%	6.14%
$5.78	2.59%	10	9.87%	14.37%
$9.26	4.14%	15	9.87%	27.53%

The Dividend Payout Ratios (DPR) are good. The DPR for 2024 for Earnings per Share (EPS) is good at 28% with 5 year coverage at 31%. The DPR for 2024 for Adjusted Earnings per Share (AEPS) is good at 23% with 5 year coverage at 25%. The DPR for 2024 for Cash Flow per Share (CFPS) is good at 9% with 5 year coverage at 9%. The DPR for 2024 for Free Cash Flow (FCF) is good at 18% with 5 year coverage at 17%.

Item	Cur	5 Years
EPS	28.40%	30.59%
AEPS	23.22%	24.91%
CFPS	8.58%	8.54%
FCF	17.59%	17.38%

Some Debt Ratios are fine, but the company has too much debt. The Long Term Debt/Market Cap Ratio for 2024 is good at 0.13 and currently at 0.12. The Liquidity Ratio for 2024 is low at 1.24 and 1.34 currently. If you added in Cash Flow after dividends, the ratios are fine at 1.68 and currently at 1.75. The Debt Ratio for 2024 is low at 1.38 and 1.38 currently. The Leverage and Debt/Equity Ratios for 2024 are too high at 3.63 and 2.63 and currently at 3.61 and 2.61. It is best if the Leverage and D/E Ratios are below 3.00 and 2.00.

Type	Year End	Ratio Curr
Lg Term R	0.13	0.12
Intang/GW	0.17	0.14
Liquidity	1.24	1.34
Liq. + CF	1.68	1.75
Debt Ratio	1.38	1.38
Leverage	3.63	3.61
D/E Ratio	2.63	2.61

The Total Return per year is shown below for years of 5 to 36 to the end of 2024. 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.
2019	5	9.87%	24.65%	23.07%	1.57%
2014	10	7.37%	13.06%	11.77%	1.29%
2009	15	5.90%	13.75%	12.15%	1.60%
2004	20	4.92%	5.89%	4.95%	0.94%
1999	25	8.82%	8.15%	6.95%	1.19%
1994	30	10.86%	13.22%	11.14%	2.08%
1989	35	10.18%	13.92%	11.75%	2.18%
1988	36	9.89%	14.87%	12.40%	2.47%

The 5-year low, median, and high median Price/Earnings per Share Ratios are 16.96, 18.96 and 21.83. The corresponding 10 year ratios are 18.77, 22.52 and 25.39. The corresponding historical ratios are 17.03, 19.41 and 21.83. The current P/E Ratio is 30.81 based on a stock price of $223.68 and EPS estimate for 2025 of $7.26. This 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 also have Adjusted Earnings per Share (AEPS) Data. The 5-year low, median, and high median Price/Earnings per Share Ratios are 14.23, 15.98 and 18.41. The corresponding 10 year ratios are 14.51, 16.10 and 18.36. The corresponding historical ratios are 13.71, 15.99 and 18.33. The current P/E Ratio is 23.52 based on a stock price of $223.68 and AEPS estimate for 2025 of $9.51. This 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 $89.03. The 10-year low, median, and high median Price/Graham Price Ratios are 1.16, 1.27 and 1.44. The current P/GP Ratio is 2.51 based on a stock price of $223.68. This 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 10-year median Price/Book Value per Share Ratio of 2.21. The current ratio is 6.04 based on a stock price of $223.68, Book Value of $11,0.31 and Book Value per Share of $37.04. The current ratio is 173% 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 2025 of $38.18. This implies a ratio of 5.86 based on a stock price of $223.68 and Book Value of $11,370M. This ratio is 165% 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 7.84. The current P/CF Ratio is 13.08 based on Cash Flow per Share estimate for 2025 of $17.10, Cash Flow of $5,092M and a stock price of $223.68. The current ratio is 67% 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 1.46%. The current dividend yield is 1.01% based on a stock price of $223.68 and dividends of $2.572. The current yield is 31% 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 1.51%. The current dividend yield is 1.01% based on a stock price of $223.68 and dividends of $2.572. The current yield is 34% 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 0.59. The current P/S Ratio is 1.03 based on Revenue estimate for 2025 of $64,777M, Revenue per Share of $217.52 and a stock price of $223.68. The current ratio is 74% 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 relatively expensive. The 10 year dividend yield test says this. It is confirmed by the P/S Ratio test. All the testing I have done is showing the stock price as relatively high. It is also very near it recent high.

When I look at analysts’ recommendations, I find Strong Buy (5), Buy (3), Hold (2), and Sell (1). The consensus would be a Buy. The 12 month stock price consensus is $235.09 with a high of $267.00 and low of $148.00. The consensus stock price of $235.09 implies a total return of 6.11% with 5.10% from capital gains and 1.01% from dividends based on a current stock price of $223.68.

Analysts on Stock Chase sees this company as a weak buy or a hold. They are mainly worried about tariffs affecting this company. That said, they seem to like this company. Jitendra Parashar on Motley Fool thinks this is a great stock to hold for decades. He does a great review of this stock. Sneha Nahata on Motley Fool thinks this is a solid stocks to buy and hold forever. The company put out a Press Release about their fourth quarter of 2024. The company put out a Press Release about their first quarter of 2025.

Simply Wall Street via Yahoo Finance reviews this stock. They have one warning of has a high level of debt.

Loblaw is Canada's largest retailer, operating approximately 2,500 food retail and pharmacy stores across the country. Beyond retail, Loblaw runs the PC Optimum loyalty program and also offers credit cards and insurance brokerage, which are collectively referred to as financial services. George Weston is Loblaw's controlling shareholder with a 53% stake. Its web site is here Loblaw Companies Ltd.

The last stock I wrote about was about was Ballard Power Systems Inc (TSX-BLDP, NASDAQ-BLDP) ... learn more. The next stock I will write about will be Stingray Digital Group Inc (TSX-RAY.A, OTC-STGYF) ... learn more on Monday, August 4, 2025 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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