Professional
Added to YB: 2024-07-22
Pitch date: 2024-07-20
ATD.TO [bullish]
Alimentation Couche-Tard Inc.
-9.84%
current return
Author Info
No bio for this author
Company Info
Alimentation Couche-Tard Inc. operates and licenses convenience stores in North America, Europe, and Asia.
Market Cap
CAD 48.1B
Pitch Price
CAD 81.06
Price Target
93.00 (+29%)
Dividend
1.11%
EV/EBITDA
10.24
P/E
18.72
EV/Sales
0.82
Sector
Consumer Staples Distribution and Retail
Category
growth
RBC Capital Markets - Alimentation Couche-Tard Inc.
ATD.TO: C$93 PT. Strong growth via focused initiatives, procurement optimization, pricing strategies, Circle-K gas rollout, cost cuts & M&A. F28 EBITDA $10B ($8.9B ex-M&A). Defensive sector, high gas margins offset volume weakness. Norway EV insights. $2.5B+ annual FCF for buybacks, dividends, M&A. 1.9x net debt/EBITDA. Risks: gas margin normalization, recession impact on low-income customers, European volatility.
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