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Reitmans (Canada)

TSX:RET
Snowflake Description

Flawless balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RET
TSX
CA$91M
Market Cap
  1. Home
  2. CA
  3. Retail
Company description

Reitmans (Canada) Limited primarily engages in the retail of women’s wearing apparel in Canada. The last earnings update was 71 days ago. More info.


Add to Portfolio Compare Print
  • Reitmans (Canada) has significant price volatility in the past 3 months.
RET Share Price and Events
7 Day Returns
5.4%
TSX:RET
-0.7%
CA Specialty Retail
1.1%
CA Market
1 Year Returns
-52.3%
TSX:RET
-20.7%
CA Specialty Retail
6.9%
CA Market
RET Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Reitmans (Canada) (RET) 5.4% -20.1% -34.2% -52.3% -72.3% -70.5%
CA Specialty Retail -0.7% -2.9% -6.6% -20.7% -28.7% -39.4%
CA Market 1.1% 2.6% 4.6% 6.9% 8% 8.6%
1 Year Return vs Industry and Market
  • RET underperformed the Specialty Retail industry which returned -20.7% over the past year.
  • RET underperformed the Market in Canada which returned 6.9% over the past year.
Price Volatility
RET
Industry
5yr Volatility vs Market

Value

 Is Reitmans (Canada) undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Reitmans (Canada) to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Reitmans (Canada).

TSX:RET Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 13.2%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:RET
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.855 (1 + (1- 26.5%) (233.94%))
1.888
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.888 * 5.96%)
13.2%

Discounted Cash Flow Calculation for TSX:RET using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Reitmans (Canada) is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

TSX:RET DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 13.2%)
2020 16.79 Est @ -10.08% 14.83
2021 15.70 Est @ -6.47% 12.26
2022 15.08 Est @ -3.95% 10.40
2023 14.76 Est @ -2.18% 8.99
2024 14.62 Est @ -0.94% 7.86
2025 14.61 Est @ -0.07% 6.94
2026 14.68 Est @ 0.53% 6.17
2027 14.82 Est @ 0.96% 5.50
2028 15.01 Est @ 1.25% 4.92
2029 15.23 Est @ 1.46% 4.41
Present value of next 10 years cash flows CA$82.00
TSX:RET DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$15.23 × (1 + 1.95%) ÷ (13.2% – 1.95%)
CA$138.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$138.00 ÷ (1 + 13.2%)10
CA$39.95
TSX:RET Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$82.00 + CA$39.95
CA$121.95
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$121.95 / 48.87
CA$2.5
TSX:RET Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in TSX:RET represents 0.92106x of TSX:RET.A
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.92106x
Value per Share
(Listing Adjusted, CAD)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 2.50 x 0.92106
CA$2.30
Value per share (CAD) From above. CA$2.30
Current discount Discount to share price of CA$1.75
= -1 x (CA$1.75 - CA$2.30) / CA$2.30
23.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Reitmans (Canada) is available for.
Intrinsic value
24%
Share price is CA$1.75 vs Future cash flow value of CA$2.3
Current Discount Checks
For Reitmans (Canada) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Reitmans (Canada)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Reitmans (Canada)'s share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Reitmans (Canada)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Reitmans (Canada)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:RET PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-08-03) in CAD CA$-0.20
TSX:RET.A Share Price ** TSX (2019-11-13) in CAD CA$1.9
Canada Specialty Retail Industry PE Ratio Median Figure of 6 Publicly-Listed Specialty Retail Companies 12.94x
Canada Market PE Ratio Median Figure of 517 Publicly-Listed Companies 14.43x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Reitmans (Canada).

TSX:RET PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:RET.A Share Price ÷ EPS (both in CAD)

= 1.9 ÷ -0.20

-9.44x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Reitmans (Canada) is loss making, we can't compare its value to the CA Specialty Retail industry average.
  • Reitmans (Canada) is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Reitmans (Canada)'s expected growth come at a high price?
Raw Data
TSX:RET PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -9.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Specialty Retail Industry PEG Ratio Median Figure of 49 Publicly-Listed Specialty Retail Companies 2.17x
Canada Market PEG Ratio Median Figure of 234 Publicly-Listed Companies 1.04x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Reitmans (Canada), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Reitmans (Canada)'s assets?
Raw Data
TSX:RET PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-08-03) in CAD CA$5.68
TSX:RET.A Share Price * TSX (2019-11-13) in CAD CA$1.9
Canada Specialty Retail Industry PB Ratio Median Figure of 13 Publicly-Listed Specialty Retail Companies 1.31x
Canada Market PB Ratio Median Figure of 2,288 Publicly-Listed Companies 1.28x
TSX:RET PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:RET.A Share Price ÷ Book Value per Share (both in CAD)

= 1.9 ÷ 5.68

0.33x

* Primary Listing of Reitmans (Canada).

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Reitmans (Canada) is good value based on assets compared to the CA Specialty Retail industry average.
X
Value checks
We assess Reitmans (Canada)'s value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Specialty Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Specialty Retail industry average (and greater than 0)? (1 check)
  5. Reitmans (Canada) has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Reitmans (Canada) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Reitmans (Canada) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
27.8%
Expected Specialty Retail industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Reitmans (Canada) expected to grow at an attractive rate?
  • Unable to compare Reitmans (Canada)'s earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Reitmans (Canada)'s earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Reitmans (Canada)'s revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:RET Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 27.8%
Canada Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 10.5%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:RET Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:RET Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSX:RET Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-08-03 885 45 -13
2019-05-04 901 29 -3
2019-02-02 923 42 7
2018-11-03 960 51 13
2018-08-04 963 51 -12
2018-05-05 965 55 -13
2018-02-03 964 31 -16
2017-10-28 949 62 -14
2017-07-29 952 46 11
2017-04-29 956 62 10
2017-01-28 952 54 11
2016-10-29 946 55 -6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Reitmans (Canada) is high growth as no earnings estimate data is available.
  • Unable to determine if Reitmans (Canada) is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:RET Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Reitmans (Canada) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:RET Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSX:RET Past Financials Data
Date (Data in CAD Millions) EPS *
2019-08-03 -0.20
2019-05-04 -0.04
2019-02-02 0.11
2018-11-03 0.21
2018-08-04 -0.19
2018-05-05 -0.20
2018-02-03 -0.25
2017-10-28 -0.22
2017-07-29 0.17
2017-04-29 0.16
2017-01-28 0.17
2016-10-29 -0.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Reitmans (Canada) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Reitmans (Canada)'s financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Reitmans (Canada)'s future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Retail companies here
  3. Reitmans (Canada)'s competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Reitmans (Canada)'s future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Reitmans (Canada) has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Reitmans (Canada) performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Reitmans (Canada)'s growth in the last year to its industry (Specialty Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Reitmans (Canada) does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Reitmans (Canada)'s 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Reitmans (Canada)'s 1-year growth to the CA Specialty Retail industry average as it is not currently profitable.
Earnings and Revenue History
Reitmans (Canada)'s revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Reitmans (Canada) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:RET Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-08-03 884.57 -12.72 478.84
2019-05-04 900.59 -2.64 484.80
2019-02-02 923.02 6.77 491.27
2018-11-03 959.89 13.41 514.22
2018-08-04 962.98 -11.98 519.19
2018-05-05 964.94 -12.60 520.52
2018-02-03 964.41 -15.97 525.19
2017-10-28 948.65 -13.70 512.31
2017-07-29 951.90 10.77 517.42
2017-04-29 955.59 10.33 520.29
2017-01-28 951.99 10.93 521.37
2016-10-29 945.69 -5.94 531.25
2016-07-30 940.36 -13.82 532.32
2016-04-30 938.91 -23.01 536.95
2016-01-30 937.16 -24.70 540.56
2015-10-31 931.28 -3.76 544.79
2015-08-01 929.30 9.38 543.32
2015-05-02 934.63 19.16 549.27
2015-01-31 939.38 13.42 554.85
2014-11-01 943.78 6.44 555.75
2014-08-02 954.90 -0.67 569.75
2014-05-03 950.01 -0.04 573.39
2014-02-01 960.40 10.79 582.01
2013-11-02 987.38 12.21 594.20
2013-08-03 974.21 6.42 597.14
2013-05-04 1,000.28 23.89 597.71
2013-02-02 1,000.51 26.36 594.78

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Reitmans (Canada) has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Reitmans (Canada) has efficiently used its assets last year compared to the CA Specialty Retail industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Reitmans (Canada) improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Reitmans (Canada)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Specialty Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Reitmans (Canada) has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Reitmans (Canada)'s financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Reitmans (Canada)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Reitmans (Canada) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Reitmans (Canada)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Reitmans (Canada)'s finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Reitmans (Canada) has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Reitmans (Canada) Company Filings, last reported 3 months ago.

TSX:RET Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-08-03 277.67 0.00 95.40
2019-05-04 326.53 0.00 122.28
2019-02-02 339.60 0.00 162.21
2018-11-03 354.97 0.00 182.93
2018-08-04 349.72 0.00 176.16
2018-05-05 342.39 0.00 155.79
2018-02-03 341.99 0.00 166.68
2017-10-28 349.27 0.15 179.10
2017-07-29 361.79 0.66 173.39
2017-04-29 369.74 1.16 146.69
2017-01-28 373.51 1.66 175.03
2016-10-29 376.55 2.14 151.06
2016-07-30 364.97 2.62 163.31
2016-04-30 351.58 3.09 125.01
2016-01-30 381.17 3.55 163.78
2015-10-31 396.38 4.01 147.79
2015-08-01 406.47 4.46 169.35
2015-05-02 406.38 4.90 126.59
2015-01-31 421.12 5.33 197.28
2014-11-01 423.80 5.76 169.39
2014-08-02 415.65 6.18 166.29
2014-05-03 408.74 6.60 122.84
2014-02-01 423.43 7.00 177.42
2013-11-02 428.16 7.41 121.13
2013-08-03 436.34 7.80 146.99
2013-05-04 440.37 8.19 139.23
2013-02-02 454.89 8.57 169.26
  • Reitmans (Canada) has no debt.
  • Reitmans (Canada) has no debt compared to 5 years ago when it was 1.5%.
  • Reitmans (Canada) has no debt, it does not need to be covered by operating cash flow.
  • Reitmans (Canada) has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Reitmans (Canada)'s financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Reitmans (Canada) has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Reitmans (Canada)'s current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
10.53%
Current annual income from Reitmans (Canada) dividends.
If you bought CA$2,000 of Reitmans (Canada) shares you are expected to receive CA$211 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Reitmans (Canada)'s pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.03%).
  • Reitmans (Canada)'s dividend is above the markets top 25% of dividend payers in Canada (5.69%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:RET Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.6%
Canada Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:RET Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
TSX:RET Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-09-03 0.200 8.824
2019-06-03 0.200 7.362
2019-04-03 0.200 6.220
2018-12-06 0.200 5.537
2018-09-06 0.200 5.116
2018-06-05 0.200 4.732
2018-04-04 0.200 4.961
2017-11-30 0.200 4.704
2017-09-07 0.200 4.535
2017-05-30 0.200 4.527
2017-03-29 0.200 3.828
2016-09-08 0.200 3.213
2016-03-30 0.200 4.554
2015-09-11 0.200 4.604
2015-09-10 0.200 3.660
2015-04-01 0.200 3.167
2014-12-04 0.200 2.844
2014-09-11 0.200 3.237
2014-06-10 0.200 3.334
2013-12-03 0.200 3.274
2013-09-11 0.800 11.502
2013-06-04 0.800 8.620
2012-11-28 0.800 7.544
2012-08-29 0.800 6.411
2012-05-29 0.800 6.417
2012-03-28 0.800 5.317
2011-11-30 0.800 5.360
2011-08-30 0.800 5.356
2011-05-31 0.800 5.339
2011-03-30 0.800 4.584
2010-12-01 0.800 4.448
2010-08-31 0.800 4.206
2010-06-02 0.800 4.183
2010-03-29 0.720 3.923
2009-12-08 0.720 4.401
2009-09-03 0.720 4.378
2009-06-03 0.720 5.119
2009-04-08 0.720 5.907
2008-12-04 0.720 6.844

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Reitmans (Canada)'s earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Reitmans (Canada)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Reitmans (Canada) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Reitmans (Canada) has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Reitmans (Canada)'s salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jeremy Reitman
COMPENSATION CA$380,918
AGE 73
CEO Bio

Mr. Jeremy H. Reitman serves as the Chief Executive Officer at Reitmans (Canada) Ltd. Mr. Reitman serves as the President and Chief Executive Officer of Shirmax Fashions Ltd. He serves as a Honorary Director of Bank of Montreal (also known as BMO Financial Group). He served as the President at Reitmans Canada Ltd. until June 2010. He has been the Chairman of Reitmans (Canada) Ltd since June 2010 and its Director since 1975. Mr. Reitman serves as Director of Shirmax Fashions Ltd. He serves as a Member of the Board of Governors of McGill University. He served as a Director of Bank of Montreal from January 19, 1987 to March 22, 2011. Mr. Reitman is a lawyer by profession and holds an AB with a major in Economics from Dartmouth College in Hanover, New Hampshire and a B.C.L. from McGill University.

CEO Compensation
  • Jeremy's compensation has increased whilst company is loss making.
  • Jeremy's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Reitmans (Canada) management team in years:

2.5
Average Tenure
  • The tenure for the Reitmans (Canada) management team is about average.
Management Team

Jeremy Reitman

TITLE
Chairman & CEO
COMPENSATION
CA$381K
AGE
73

Stephen Reitman

TITLE
President
COMPENSATION
CA$890K
AGE
72
TENURE
9.4 yrs

Richard Wait

TITLE
VP of Finance & CFO
COMPENSATION
CA$1M
TENURE
1.3 yrs

Lora Tisi

TITLE
President of RW & CO and Thyme Maternity
COMPENSATION
CA$654K
TENURE
5 yrs

Gale Blank

TITLE
Chief Information Officer
TENURE
0.8 yrs

Alain Murad

TITLE
Vice President of Legal & Secretary
TENURE
7.8 yrs

Katia Reyburn

TITLE
Director of Corporate Communications

Nicolas Gaudreau

TITLE
VP & Chief Marketing Officer
TENURE
2.2 yrs

Lynda Newcomb

TITLE
Chief Human Resources Officer
TENURE
1.5 yrs

Jackie Tardif

TITLE
President of Reitmans banner
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure and age of the Reitmans (Canada) board of directors in years:

9.4
Average Tenure
69
Average Age
  • The tenure for the Reitmans (Canada) board of directors is about average.
Board of Directors

Jeremy Reitman

TITLE
Chairman & CEO
COMPENSATION
CA$381K
AGE
73
TENURE
9.4 yrs

Stephen Reitman

TITLE
President
COMPENSATION
CA$890K
AGE
72
TENURE
35.8 yrs

Dan Rabinowicz

TITLE
Lead Director
COMPENSATION
CA$65K
TENURE
2.4 yrs

Bruce Guerriero

TITLE
Independent Director
COMPENSATION
CA$70K
AGE
65
TENURE
3.2 yrs

Sam Minzberg

TITLE
Independent Director
COMPENSATION
CA$50K
AGE
69
TENURE
19.8 yrs

Robert Vineberg

TITLE
Independent Director
COMPENSATION
CA$50K
TENURE
32.8 yrs

Howard Stotland

TITLE
Independent Director
COMPENSATION
CA$50K
TENURE
16.8 yrs

David Kassie

TITLE
Independent Director
COMPENSATION
CA$60K
AGE
63
TENURE
7 yrs

Terry Yanofsky

TITLE
Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Reitmans (Canada)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Reitmans (Canada) has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Reitmans (Canada) Limited primarily engages in the retail of women’s wearing apparel in Canada. Its products include shirts, blouses, pants, dresses, skirts, sweaters, outerwear, activewear, lingerie, and accessories. The company also offers apparel for men. It serves customers through retail and e-commerce channels, under the Reitmans, Addition Elle, Penningtons, RW & CO., Thyme Maternity, and Hyba brand names. Reitmans (Canada) Limited was founded in 1926 and is based in Toronto, Canada.

Details
Name: Reitmans (Canada) Limited
RET
Exchange: TSX
Founded: 1926
CA$90,831,911
48,867,322
Website: http://www.reitmanscanadalimited.com
Address: Reitmans (Canada) Limited
155 Wellington Street West,
40th Floor,
Toronto,
Ontario, M5V 3J7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX RET.A Class A Non-Voting Shares The Toronto Stock Exchange CA CAD 28. Nov 1975
OTCPK RTMA.F Class A Non-Voting Shares Pink Sheets LLC US USD 28. Nov 1975
DB CX4 Class A Non-Voting Shares Deutsche Boerse AG DE EUR 28. Nov 1975
TSX RET Common Shares The Toronto Stock Exchange CA CAD 28. Nov 1975
OTCPK RTMN.F Common Shares Pink Sheets LLC US USD 28. Nov 1975
Number of employees
Current staff
Staff numbers
5,000
Reitmans (Canada) employees.
Industry
Apparel Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/13 23:43
End of day share price update: 2019/11/13 00:00
Last estimates confirmation: 2017/03/29
Last earnings filing: 2019/09/03
Last earnings reported: 2019/08/03
Last annual earnings reported: 2019/02/02


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.