This report is for educational purposes only, and not to provide investment advice.  Before making any investment decision, you should always do your own research or consult a investment professional. Estimates Estimates Estimates
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Q1 2025 <-Estimates
See my website on stocks or see my blog at the following sites.  https://spbrunner.com/stocks.html https://spbrunner.blogspot.com/ 3/31/25 <-Estimates
Canadian Tire Corp TSX: CTC.A OTC: CDNAF https://corp.canadiantire.ca/ Fiscal Yr: Dec 31
Year  31-Dec-12 31-Dec-13 31-Dec-14 31-Dec-15 31-Dec-16 31-Dec-17 31-Dec-18 31-Dec-19 31-Dec-20 31-Dec-21 31-Dec-22 31-Dec-23 31-Dec-24 31-Dec-25 31-Dec-26 31-Dec-27
Year End Date 29-Dec-12 28-Dec-13 3-Jan-15 2-Jan-16 31-Dec-16 31-Dec-17 29-Dec-18 28-Dec-19 2-Jan-21 1-Jan-22 31-Dec-22 30-Dec-23 28-Dec-24 28-Dec-25 28-Dec-26 28-Dec-27 Value Description #Y Item Total G
Accounting Rules IRFS IRFS IRFS IRFS IRFS IRFS IRFS IRFS IRFS IRFS IRFS IRFS IRFS IRFS IRFS IRFS Accounting Rules
Cost of Sales $9,794.4 $10,456.9 $11,712.7 $10,952.9 $10,739.1 Cost of Sales
Change 6.76% 12.01% -6.49% -1.95% Change
Ratio 0.66 0.64 0.66 0.66 0.66 Ratio
Selling & Admin $3,599.3 $3,934.3 $3,502.5 $3,675.7 $3,553.3 Selling & Admin
Change 9.31% -10.98% 4.95% -3.33% Change
Ratio 0.24 0.24 0.20 0.22 0.22 Ratio
Total $13,393.7 $14,391.2 $15,215.2 $14,628.6 $14,292.4 Total
Change 7.45% 5.73% -3.86% -2.30% Change
Ratio 0.90 0.88 0.85 0.88 0.87 Ratio
$16,470 <-12 mths 0.68% Estimates last 12 months from Qtr.
Revenue* $11,427 $11,786 $12,463 $12,280 $12,681 $13,435 $14,059 $14,534 $14,871 $16,292 $17,811 $16,657 $16,358 $16,673 $17,003 $17 31.25% <-Total Growth 10 Revenue
Increase 10.01% 3.14% 5.75% -1.47% 3.27% 5.95% 4.64% 3.38% 2.32% 9.56% 9.32% -6.48% -1.79% 1.93% 1.98% -99.90% 2.76% <-IRR #YR-> 10 Revenue 31.25%
5 year Running Average $9,721 $10,253 $11,009 $11,668 $12,127 $12,529 $12,983 $13,398 $13,916 $14,638 $15,513 $16,033 $16,398 $16,758 $16,900 $13,342 2.39% <-IRR #YR-> 5 Revenue 12.55%
Revenue per Share $140.83 $147.35 $160.92 $165.80 $179.24 $202.06 $223.50 $236.25 $244.56 $270.87 $308.67 $299.46 $294.09 $299.76 $305.69 $0.31 4.06% <-IRR #YR-> 10 5 yr Running Average 48.95%
Increase 10.42% 4.63% 9.21% 3.03% 8.11% 12.73% 10.61% 5.71% 3.52% 10.76% 13.96% -2.98% -1.79% 1.93% 1.98% -99.90% 4.12% <-IRR #YR-> 5 5 yr Running Average 22.39%
5 year Running Average $119.37 $126.49 $137.38 $148.49 $158.83 $171.08 $186.31 $201.37 $217.12 $235.45 $256.77 $271.96 $283.53 $294.57 $301.54 $239.86 6.22% <-IRR #YR-> 10 Revenue per Share 82.75%
P/S (Price/Sales) Med 0.48 0.57 0.69 0.74 0.67 0.76 0.72 0.61 0.46 0.69 0.54 0.54 0.49 0.53 0.00 0.00 4.48% <-IRR #YR-> 5 Revenue per Share 24.48%
P/S (Price/Sales) Close 0.49 0.68 0.76 0.71 0.78 0.81 0.64 0.59 0.68 0.67 0.46 0.47 0.51 0.48 0.47 517.11 7.51% <-IRR #YR-> 10 5 yr Running Average 106.38%
*Revenue in M CDN $ P/S Med 20 yr  0.59 15 yr  0.57 10 yr  0.64 5 yr  0.54 -25.69% Diff M/C 7.08% <-IRR #YR-> 5 5 yr Running Average 40.80%
Payout Ratio Adj EPS 52.60% 48.30% Estimates Payout Ratio EPS
Per Share $12.67 <-12 mths 0.40% Estimates Last 12 months from Qtr
Normalized Net Income $527.7 $570.0 $632.0 $659.4 $669.1 $735.0 $777.5 $923.30 $904.9 $1,290.8 $1,250.9 $716.1 $787.7 24.64% <-Total Growth 10 Normalized Net Income Less NCI
Normalized Net Income Net $585.3 $703.5
Return on Equity ROE 11.08% 11.03% 13.02% 13.20% 13.55% 15.47% 17.81% 20.72% 20.11% 25.19% 22.26% 12.91% 12.80% 16.64% <-Median-> 10 Return on Equity ROE
5Yr Median 13.02% 13.20% 13.55% 15.47% 17.81% 20.11% 20.72% 20.72% 20.11% 17.81% <-Median-> 9 5Yr Median
$10.37 $12.62
Adjusted EPS $6.48 $7.07 $8.01 $8.66 $9.22 $10.67 $11.98 $14.94 $14.86 $21.25 $21.21 $12.74 $12.65 57.89% <-Total Growth 10 Adjusted EPS same as 
Adjusted EPS Diluted $6.45 $7.02 $7.94 $8.61 $9.25 $10.70 $11.95 $13.04 $13.00 $18.91 $18.75 $10.37 $12.62 $13.45 $14.70 $17.45 58.94% <-Total Growth 10 Adjusted EPS Diluted
Increase 14.16% 8.84% 13.11% 8.44% 7.43% 15.68% 11.68% 9.12% -0.31% 45.46% -0.85% -44.69% 21.70% 6.58% 9.29% 18.71% 10 0 10 Years of Data, AFFP, P or N 100.00%
Earnings Yield 9.3% 7.1% 6.5% 7.3% 6.6% 6.5% 8.4% 10.7% 8.9% 11.7% 15.0% 9.1% 8.4% 9.4% 10.3% 10.8% 4.74% <-IRR #YR-> 10 Adjusted EPS $0.58
5 year Running Average $5.26 $5.70 $6.45 $7.17 $7.89 $8.73 $9.71 $11.09 $12.33 $14.74 $16.85 $17.00 $16.54 $13.57 $9.32 $5.08 -0.65% <-IRR #YR-> 5 Adjusted EPS -15.36%
Payout Ratio 18.52% 19.80% 23.41% 24.25% 24.95% 24.37% 30.04% 27.78% 30.62% 22.12% 27.82% 54.18% 55.35% 52.79% 48.30% 40.69% 9.87% <-IRR #YR-> 10 5 yr Running Average 156.35%
5 year Running Average 18.33% 18.87% 19.89% 21.40% 22.50% 23.55% 25.70% 26.59% 27.89% 26.59% 27.18% 30.83% 35.13% 46.58% 72.98% 138.68% 8.31% <-IRR #YR-> 5 5 yr Running Average 49.08%
Price/AEPS Median 10.51 11.96 14.02 14.27 13.00 14.28 13.43 11.04 8.64 9.93 8.91 15.52 11.48 11.78 0.01 0.00 12.24 <-Median-> 10 Price/AEPS Median
Price/AEPS High 11.32 14.33 16.25 15.89 14.79 15.62 15.26 12.00 11.65 11.26 10.34 18.13 12.84 12.56 0.00 0.00 13.82 <-Median-> 10 Price/AEPS High
Price/AEPS Low 9.71 9.58 11.80 12.65 11.21 12.93 11.59 10.08 5.63 8.61 7.49 12.90 10.12 10.99 0.00 0.00 10.67 <-Median-> 10 Price/AEPS Low
Price/AEPS Close 10.76 14.17 15.46 13.72 15.06 15.32 11.94 10.73 12.87 9.56 7.55 13.57 11.98 10.60 9.70 9.23 12.43 <-Median-> 10 Price/AEPS Close
Trailing P/AEPS Close 12.28 15.42 17.48 14.88 16.18 17.72 13.34 11.71 12.83 13.91 7.48 7.51 14.58 11.30 10.60 10.96 13.63 <-Median-> 10 Trailing P/AEPS Close
Median Values DPR 10 Yrs 27.80% 5 Yrs   30.62% P/CF 5 Yrs   in order 9.93 11.65 8.61 11.98 6.76% Diff M/C
* Adjusted Net Income/Adjusted EPS TD Waterhouse E/P 10 Yrs 8.64% 5Yrs 9.05%
-$7.94 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $12.62
-$13.04 $0.00 $0.00 $0.00 $0.00 $12.62
-$6.45 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $16.54
-$11.09 $0.00 $0.00 $0.00 $0.00 $16.54
$15.98 <-12 mths 0.38% Estimates Last 12 months from Qtr
Difference Basic and Diluted 0.49% 0.72% 0.78% 0.58% 0.32% 0.28% 0.28% 0.16% 0.32% 0.97% 0.56% 0.26% 0.25% 0.00 <-Median-> 10 Difference Basic and Diluted
EPS Basic $6.13 $6.96 $7.65 $8.66 $9.25 $10.70 $10.67 $12.60 $12.35 $18.56 $17.70 $3.79 $15.96 108.63% <-Total Growth 10 EPS Basic
EPS Diluted* $6.10 $6.91 $7.59 $8.61 $9.22 $10.67 $10.64 $12.58 $12.31 $18.38 $17.60 $3.78 $15.92 $12.80 $13.19 $13.97 109.75% <-Total Growth 10 EPS Diluted
Change 6.83% 13.28% 9.84% 13.44% 7.08% 15.73% -0.28% 18.23% -2.15% 49.31% -4.24% -78.52% 321.16% -19.60% 3.05% 5.91% 10 0 10 Years of Data, EPS P or N 100.00%
Earnings Yield 8.8% 6.9% 6.2% 7.3% 6.6% 6.5% 7.5% 9.0% 7.4% 10.2% 12.4% 2.7% 10.5% 9.0% 9.2% 8.7% 7.69% <-IRR #YR-> 10 Earnings per Share 109.75%
5 year Running Average $5.21 $5.68 $6.37 $6.98 $7.69 $8.60 $9.35 $10.34 $11.08 $12.92 $14.30 $12.93 $13.60 $13.70 $12.66 $11.93 4.82% <-IRR #YR-> 5 Earnings per Share 26.55%
10 year Running Average $4.60 $4.99 $5.40 $5.86 $6.35 $6.91 $7.51 $8.36 $9.03 $10.30 $11.45 $11.14 $11.97 $12.39 $12.79 $13.12 7.87% <-IRR #YR-> 10 5 yr Running Average 113.34%
* ESP per share (Cdn GAAP) (Adjusted earnings strip out non-operatinl items and used to determine dividends.) E/P 10 Yrs 7.41% 5Yrs 10.16% 5.62% <-IRR #YR-> 5 5 yr Running Average 31.46%
-$7.59 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $15.92
-$12.58 $0.00 $0.00 $0.00 $0.00 $15.92
-$6.37 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $13.60
-$10.34 $0.00 $0.00 $0.00 $0.00 $13.60
Dividend* $7.08 $7.10 $7.05 Estimates Dividend*
Increase 1.07% 0.35% -0.70% Estimates Increase
Payout Ratio EPS 55.27% 53.83% 50.47% Estimates Payout Ratio EPS
Special Dividends $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends
Dividend* $1.20 $1.40 $1.88 $2.10 $2.30 $2.60 $3.60 $4.15 $4.55 $4.70 $5.90 $6.90 $7.00 $7.10 $7.10 $7.10 273.33% <-Total Growth 10 Dividends
Increase 9.09% 16.67% 33.93% 12.00% 9.52% 13.04% 38.46% 15.28% 9.64% 3.30% 25.53% 16.95% 1.45% 1.43% 0.00% 0.00% 22 0 36 Years of data Count P, N
Average Increases 5 Year Running 10.71% 11.34% 18.13% 20.53% 16.24% 17.03% 21.39% 17.66% 17.19% 15.94% 18.44% 14.14% 11.37% 9.73% 9.07% 3.97% 17.11% <-Median-> 10 Average Incr 5 Year Running
Dividends 5 Yr Running $0.96 $1.08 $1.28 $1.54 $1.78 $2.06 $2.50 $2.95 $3.44 $3.92 $4.58 $5.24 $5.81 $6.32 $6.80 $7.04 319.50% <-Median-> 10 Dividends 5 Yr Running
Yield H/L Price 1.77% 1.67% 1.68% 1.71% 1.91% 1.70% 2.24% 2.88% 4.05% 2.50% 3.53% 4.29% 4.83% 4.48% 2.69% <-Median-> 10 Yield H/L Price Item
Yield on High  Price 1.64% 1.39% 1.45% 1.53% 1.68% 1.56% 1.97% 2.65% 3.00% 2.21% 3.04% 3.67% 4.32% 4.20% 2.43% <-Median-> 10 Yield on High  Price EPS
Yield on Low Price 1.92% 2.08% 2.00% 1.93% 2.22% 1.88% 2.60% 3.16% 6.22% 2.89% 4.20% 5.16% 5.48% 4.80% 3.02% <-Median-> 10 Yield on Low Price AEPS
Yield on Close Price 1.73% 1.41% 1.53% 1.78% 1.65% 1.59% 2.52% 2.97% 2.72% 2.60% 4.17% 4.90% 4.63% 4.98% 4.98% 4.41% 2.66% <-Median-> 10 Yield on Close Price CFPS
Payout Ratio EPS 19.67% 20.26% 24.70% 24.39% 24.95% 24.37% 33.83% 32.99% 36.96% 25.57% 33.52% 182.54% 43.97% 55.47% 53.83% 50.82% 33.26% <-Median-> 10 Payout Ratio EPS FCF 
DPR EPS 5 Yr Running 18.50% 18.96% 20.13% 21.98% 23.09% 23.90% 26.70% 28.52% 31.04% 30.35% 32.02% 40.53% 42.73% 46.14% 53.72% 59.00% 29.43% <-Median-> 10 DPR EPS 5 Yr Running
Payout Ratio CFPS 13.11% 12.54% 25.26% 15.89% 16.50% 17.77% 28.05% 23.47% 11.33% 15.58% 60.15% 28.35% 18.87% 24.56% 23.34% #DIV/0! 18.32% <-Median-> 10 Payout Ratio CFPS
DPR CF 5 Yr Running 10.49% 9.80% 11.22% 13.18% 16.16% 17.02% 20.11% 20.40% 17.33% 16.97% 20.69% 21.45% 20.52% 24.25% 26.04% #DIV/0! 18.72% <-Median-> 10 DPR CF 5 Yr Running
Payout Ratio CFPS WC 6.71% 9.35% 10.58% 34.63% 10.63% 10.20% 13.52% 12.27% 12.82% 10.82% 13.30% 18.44% 18.46% 24.56% 23.34% #DIV/0! 13.06% <-Median-> 10 Payout Ratio CFPS WC
DPR CF WC 5 Yr Running 7.92% 7.84% 8.24% 10.40% 11.34% 11.96% 12.79% 12.98% 12.02% 11.89% 12.46% 13.47% 14.62% 16.45% 18.99% #DIV/0! 12.24% <-Median-> 10 DPR CF WC 5 Yr Running
Median Valus 10 Yr Med 10 Yr Cl 2.69% 2.66% 5 Yr Med 5 Yr Cl 4.05% 4.17% 5 Yr Med Payout 36.96% 18.87% 13.30% 11.02% <-IRR #YR-> 5 Dividends 68.67%
* Dividends per share  10 Yr Med and Cur. 84.92% 87.25% 5 Yr Med and Cur. 22.88% 19.41% Last Div Inc ---> $1.750 $1.775 1.43% 14.08% <-IRR #YR-> 10 Dividends 273.33%
Dividends Growth 15 15.18% <-IRR #YR-> 15 Dividends 733.33%
Dividends Growth 20 14.11% <-IRR #YR-> 20 Dividends 1300.00%
Dividends Growth 25 12.13% <-IRR #YR-> 25 Dividends 1650.00%
Dividends Growth 30 10.01% <-IRR #YR-> 30 Dividends 1650.00%
Dividends Growth 35 9.42% <-IRR #YR-> 35 Dividends
Dividends Growth 40 9.82% <-IRR #YR-> 36 Dividends
Dividends Growth 5 -$4.15 $0.00 $0.00 $0.00 $0.00 $7.00 Dividends Growth 5
Dividends Growth 10 -$1.88 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $7.00 Dividends Growth 10
Dividends Growth 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $7.00 Dividends Growth 15
Dividends Growth 20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $7.00 Dividends Growth 20
Dividends Growth 25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $7.00 Dividends Growth 25
Dividends Growth 30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $7.00 Dividends Growth 30
Dividends Growth 35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $7.00 Dividends Growth 35
Dividends Growth 40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $7.00 Dividends Growth 40
Historical Dividends Historical High Div 4.39% Low Div 0.88% 10 Yr High 6.15% 10 Yr Low 1.54% Med Div 1.70% Close Div 1.65% Historical Dividends
High/Ave/Median Values Curr diff Cheap 13.42%     465.79% Exp. -19.04% 223.31% Cheap 192.88% Cheap 201.49% High/Ave/Median 
Future Dividend Yield Div Yd 8.40% earning in 5 Years at IRR of 11.02% Div Inc. 68.67% Future Dividend Yield
Future Dividend Yield Div Yd 14.17% earning in 10 Years at IRR of 11.02% Div Inc. 184.51% Future Dividend Yield
Future Dividend Yield Div Yd 23.89% earning in 15 Years at IRR of 11.02% Div Inc. 379.90% Future Dividend Yield
Future Dividend Paid Div Paid $11.98 earning in 5 Years at IRR of 11.02% Div Inc. 68.67% Future Dividend Paid
Future Dividend Paid Div Paid $20.20 earning in 10 Years at IRR of 11.02% Div Inc. 184.51% Future Dividend Paid
Future Dividend Paid Div Paid $34.07 earning in 15 Years at IRR of 11.02% Div Inc. 379.90% Future Dividend Paid
Dividend Covering Cost Total Div $44.24 over 5 Years at IRR of 11.02% Div Cov. 31.02% Dividend Covering Cost
Dividend Covering Cost Total Div $106.88 over 10 Years at IRR of 11.02% Div Cov. 74.95% Dividend Covering Cost
Dividend Covering Cost Total Div $212.54 over 15 Years at IRR of 11.02% Div Cov. 149.04% Dividend Covering Cost
I am earning GC Div Gr 1675.00% 02/11/00 # yrs -> 44022 2000 $22.32 Cap Gain 538.89% I am earning GC
I am earning Div org yield 1.79% 12/31/14 Pension Div G Yrly 21.30% Div start $0.40 -1.79% 31.81% I am earning Div
I am earning GC Div Gr 745.24% 6/5/09 # yrs -> 43648 2009 $51.76 Cap Gain 175.50% I am earning GC Item
I am earning Div org yield 1.62% 12/31/14 Trading Div G Yrly 46.64% Div start $0.84 -1.62% 13.72% I am earning Div Revenue Growth 
AEPS Growth
Yield if held 5 years 1.54% 2.54% 3.91% 3.48% 3.81% 3.83% 4.29% 3.73% 3.70% 3.91% 3.86% 4.30% 4.86% 6.32% 3.78% 4.25% 3.85% <-Median-> 10 Paid Median Price Net Income Growth
Yield if held 10 years 4.21% 3.96% 3.90% 3.20% 3.37% 3.34% 6.54% 8.66% 7.54% 7.78% 8.70% 8.22% 6.29% 5.78% 5.90% 4.65% 7.04% <-Median-> 10 Paid Median Price Cash Flow Growth
Yield if held 15 years 4.53% 3.78% 4.78% 8.07% 9.77% 9.11% 10.19% 8.63% 6.93% 6.89% 7.57% 12.54% 14.62% 11.77% 11.75% 10.47% 8.87% <-Median-> 10 Paid Median Price CF Growth excl WC
Yield if held 20 years 6.76% 9.18% 13.57% 14.73% 12.27% 9.81% 9.73% 10.57% 17.48% 19.96% 20.68% 19.53% 14.55% 10.82% 10.41% 9.11% 14.64% <-Median-> 10 Paid Median Price Dividend Growth
Yield if held 25 years 9.03% 8.69% 9.66% 9.63% 14.65% 23.60% 30.04% 31.92% 25.07% 22.26% 18.65% 17.83% 27.28% 30.15% 24.89% 20.46% <-Median-> 10 Paid Median Price Stock Price Growth
Yield if held 30 years 23.23% 19.24% 20.92% 19.69% 33.24% 45.23% 50.67% 49.81% 37.87% 26.79% 23.23% <-Median-> 7 Paid Median Price
Yield if held 35 years 32.46% 32.64% 29.74% 40.00% 32.46% <-Median-> 1 Paid Median Price Revenue Growth 
AEPS Growth
Cost covered if held 5 years 6.19% 9.77% 13.39% 12.73% 14.69% 15.15% 14.86% 13.25% 14.00% 16.30% 14.99% 16.33% 20.18% 28.14% 18.10% 21.06% 14.93% <-Median-> 10 Paid Median Price Net Income Growth
Cost covered if held 10 years 26.99% 24.62% 20.95% 17.67% 19.41% 19.37% 32.44% 44.19% 41.25% 47.14% 48.92% 46.08% 39.34% 39.72% 44.58% 38.03% 40.29% <-Median-> 10 Paid Median Price Cash Flow Growth
Cost covered if held 15 years 36.60% 28.92% 31.02% 53.31% 66.99% 63.01% 59.93% 51.61% 43.88% 48.15% 48.77% 80.04% 104.84% 93.64% 103.44% 100.83% 56.62% <-Median-> 10 Paid Median Price CF Growth excl WC
Cost covered if held 20 years 65.92% 83.25% 102.61% 111.36% 94.80% 75.38% 62.64% 68.60% 119.40% 150.21% 143.30% 134.09% 112.01% 92.04% 98.01% 93.95% 111.69% <-Median-> 10 Paid Median Price Dividend Growth
Cost covered if held 25 years 94.06% 74.91% 82.18% 82.83% 123.80% 165.03% 209.37% 232.02% 199.33% 161.79% 133.45% 142.61% 240.83% 294.59% 266.70% 152.20% <-Median-> 10 Paid Median Price Stock Price Growth
Cost covered if held 30years 174.55% 143.31% 161.26% 164.92% 252.82% 336.77% 419.65% 453.70% 380.67% 294.62% 174.55% <-Median-> 7 Paid Median Price
Cost covered if held 35 years 278.02% 306.55% 307.33% 451.13% 278.02% <-Median-> 1 Paid Median Price
Yr  Item Tot. Growth
Revenue Growth  $14,534.4 $14,871.0 $16,292.1 $17,810.6 $16,656.5 $16,357.8 $16,470 <-12 mths 0.68% 12.55% <-Total Growth 5 Revenue Growth  12.55%
AEPS Growth $13.04 $13.00 $18.91 $18.75 $10.37 $12.62 $12.67 <-12 mths 0.40% -3.22% <-Total Growth 5 AEPS Growth -3.22%
Net Income Growth $778.4 $751.8 $1,127.6 $1,044.1 $213.3 $887.7 $1,222 <-12 mths 37.70% 14.04% <-Total Growth 5 Net Income Growth 14.04%
Cash Flow Growth $1,087.6 $2,442.8 $1,814.4 $566.0 $1,353.7 $2,063.8 89.76% <-Total Growth 5 Cash Flow Growth 89.76%
CF Growth excl WC $2,081.4 $2,158.7 $2,612.6 $2,560.1 $2,081.3 $2,109.1 1.33% <-Total Growth 5 CF Growth excl WC 1.33%
Dividend Growth $4.15 $4.55 $4.70 $5.90 $6.90 $7.00 $7.10 <-12 mths 1.43% 68.67% <-Total Growth 5 Dividend Growth 68.67%
Stock Price Growth $139.95 $167.33 $180.85 $141.50 $140.72 $151.22 $142.60 <-12 mths -5.70% 8.05% <-Total Growth 5 Stock Price Growth 8.05%
Revenue Growth  $12,462.9 $12,279.6 $12,681.0 $13,434.9 $14,058.7 $14,534.4 $14,871.0 $16,292.1 $17,810.6 $16,656.5 $16,357.8 $16,673 <-this year 1.93% 31.25% <-Total Growth 10 Revenue Growth  31.25%
AEPS Growth $7.94 $8.61 $9.25 $10.70 $11.95 $13.04 $13.00 $18.91 $18.75 $10.37 $12.62 $13.45 <-this year 6.58% 58.94% <-Total Growth 10 AEPS Growth 58.94%
Net Income Growth $604.0 $659.4 $669.1 $735.0 $692.1 $778.4 $751.8 $1,127.6 $1,044.1 $213.3 $887.7 $693 <-this year -21.93% 46.97% <-Total Growth 10 Net Income Growth 46.97%
Cash Flow Growth $574.8 $978.9 $986.4 $972.8 $807.4 $1,087.6 $2,442.8 $1,814.4 $566.0 $1,353.7 $2,063.8 $1,608 <-this year -22.09% 259.05% <-Total Growth 10 Cash Flow Growth 259.05%
CF Growth excl WC $1,372.4 $449.1 $1,531.1 $1,694.2 $1,674.3 $2,081.4 $2,158.7 $2,612.6 $2,560.1 $2,081.3 $2,109.1 $1,608 <-this year -23.76% 53.68% <-Total Growth 10 CF Growth excl WC 53.68%
Dividend Growth $1.88 $2.10 $2.30 $2.60 $3.60 $4.15 $4.55 $4.70 $5.90 $6.90 $7.00 $7.08 <-this year 1.07% 273.33% <-Total Growth 10 Dividend Growth 273.33%
Stock Price Growth $122.74 $118.16 $139.27 $163.90 $142.74 $139.95 $167.33 $180.85 $141.50 $140.72 $151.22 $142.60 <-this year -5.70% 23.20% <-Total Growth 10 Stock Price Growth 23.20%
Dividends on Shares $18.90 $20.70 $23.40 $32.40 $37.35 $40.95 $42.30 $53.10 $62.10 $63.00 $63.90 $63.90 $63.90 $394.20 No of Years 10 Total Dividends 1/3/15
Paid  $1,104.66 $1,063.44 $1,253.43 $1,475.10 $1,284.66 $1,259.55 $1,505.97 $1,627.65 $1,273.50 $1,266.48 $1,360.98 $1,283.40 $1,283.40 $1,449.72 $1,360.98 No of Years 10 Worth $122.74
Total $1,755.18 Total  
Graham No. AEPS $92.30 $101.02 $105.83 $114.30 $120.53 $131.15 $136.61 $145.78 $147.11 $190.38 $202.68 $152.56 $177.26 $183.00 $191.31 $208.44 67.49% <-Total Growth 10 Graham Price AEPS
Price/GP Ratio Med 0.73 0.83 1.05 1.08 1.00 1.16 1.17 0.99 0.76 0.99 0.82 1.05 0.82 0.87 0.99 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 0.79 1.00 1.22 1.20 1.14 1.27 1.34 1.07 1.03 1.12 0.96 1.23 0.91 0.92 1.13 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 0.68 0.67 0.89 0.95 0.86 1.06 1.01 0.90 0.50 0.85 0.69 0.88 0.72 0.81 0.87 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 0.75 0.98 1.16 1.03 1.16 1.25 1.04 0.96 1.14 0.95 0.70 0.92 0.85 0.78 0.75 0.77 1.00 <-Median-> 10 Price/GP Ratio
Prem/Disc Close -24.83% -1.51% 15.98% 3.38% 15.54% 24.97% 4.48% -4.00% 13.74% -5.01% -30.19% -7.76% -14.69% -22.08% -25.46% -22.72% -0.31% <-Median-> 10 Graham Price
Graham No. EPS $89.76 $100.22 $103.47 $114.30 $120.34 $130.97 $128.91 $143.18 $143.15 $187.69 $196.37 $92.11 $199.09 $178.52 $181.22 $186.50 92.41% <-Total Growth 10 Graham Price EPS
Price/GP Ratio Med 0.76 0.84 1.08 1.08 1.00 1.17 1.24 1.01 0.78 1.00 0.85 1.75 0.73 0.89 1.00 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 0.81 1.00 1.25 1.20 1.14 1.28 1.41 1.09 1.06 1.13 0.99 2.04 0.81 0.95 1.14 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 0.70 0.67 0.91 0.95 0.86 1.06 1.07 0.92 0.51 0.87 0.71 1.45 0.64 0.83 0.89 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 0.77 0.99 1.19 1.03 1.16 1.25 1.11 0.98 1.17 0.96 0.72 1.53 0.76 0.80 0.79 0.86 1.07 <-Median-> 10 Price/GP Ratio
Prem/Disc Close -22.71% -0.73% 18.62% 3.38% 15.73% 25.15% 10.73% -2.26% 16.89% -3.65% -27.94% 52.78% -24.05% -20.12% -21.31% -13.63% 7.06% <-Median-> 10 Graham Price
Date Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Dec-26 Dec-27 36.00 <Count Years> Month, Year
Price Close $69.38 $99.49 $122.74 $118.16 $139.27 $163.90 $142.74 $139.95 $167.33 $180.85 $141.50 $140.72 $151.22 $142.60 $142.60 $161.08 23.20% <-Total Growth 10 Stock Price
Increase 5.28% 43.40% 23.37% -3.73% 17.87% 17.69% -12.91% -1.95% 19.56% 8.08% 8.08% -0.55% 7.46% -5.70% 0.00% 12.96% 13.50 <-Median-> 10 CAPE (10 Yr P/E)
P/E 11.37 14.40 16.17 13.72 15.11 15.36 13.42 11.12 13.59 9.84 9.84 37.23 9.50 11.14 10.81 11.53 1.56% <-IRR #YR-> 5 Stock Price 8.05%
Trailing P/E 12.15 16.31 17.76 15.57 16.18 17.78 13.38 13.15 13.30 14.69 14.69 8.00 40.01 8.96 11.14 12.21 2.11% <-IRR #YR-> 10 Stock Price 23.20%
CAPE (10 Yr P/E) 13.38 13.52 13.73 13.48 13.51 13.73 13.94 13.52 13.60 13.05 13.05 13.08 12.41 12.19 11.84 11.52 5.54% <-IRR #YR-> 5 Price & Dividend 31.78%
Median 10, 5 Yrs D.  per yr 3.09% 3.98% % Tot Ret 59.44% 71.81% T P/E $14.69 $14.69 P/E:  $13.50 $9.84 5.20% <-IRR #YR-> 10 Price & Dividend 60.42%
Price 15 D.  per yr 3.10% % Tot Ret 31.77% CAPE Diff -17.46% 6.66% <-IRR #YR-> 15 Stock Price 162.99%
Price  20 D.  per yr 2.35% % Tot Ret 31.63% 5.07% <-IRR #YR-> 20 Stock Price 169.03%
Price  25 D.  per yr 2.20% % Tot Ret 26.49% 6.10% <-IRR #YR-> 25 Stock Price 339.59%
Price  30 D.  per yr 2.69% % Tot Ret 24.32% 8.39% <-IRR #YR-> 30 Stock Price 1020.15%
Price  35 D.  per yr 1.81% % Tot Ret 25.28% 5.35% <-IRR #YR-> 35 Stock Price
Price  40 D.  per yr 2.05% % Tot Ret 24.62% 6.28% <-IRR #YR-> 36 Stock Price
Price & Dividend 15 9.76% <-IRR #YR-> 15 Price & Dividend 251.78%
Price & Dividend 20 7.42% <-IRR #YR-> 20 Price & Dividend 265.76%
Price & Dividend 25 8.30% <-IRR #YR-> 25 Price & Dividend 503.47%
Price & Dividend 30 11.08% <-IRR #YR-> 30 Price & Dividend 1452.56%
Price & Dividend 35 7.16% <-IRR #YR-> 35 Price & Dividend
Price & Dividend 40 8.33% <-IRR #YR-> 36 Price & Dividend
Price  5 -$139.95 $0.00 $0.00 $0.00 $0.00 $151.22 Price  5
Price 10 -$122.74 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $151.22 Price 10
Price & Dividend 5 -$139.95 $4.55 $4.70 $5.90 $6.90 $158.22 Price & Dividend 5
Price & Dividend 10 -$122.74 $2.10 $2.30 $2.60 $3.60 $4.15 $4.55 $4.70 $5.90 $6.90 $158.22 Price & Dividend 10
Price  15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $151.22 Price  15
Price  20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $151.22 Price  20
Price  25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $151.22 Price  25
Price  30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $151.22 Price  30
Price  35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $151.22 Price  35
Price  40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $151.22 Price  40
Price & Dividend 15 $1.20 $1.40 $1.88 $2.10 $2.30 $2.60 $3.60 $4.15 $4.55 $4.70 $5.90 $6.90 $158.22 Price & Dividend 15
Price & Dividend 20 $1.20 $1.40 $1.88 $2.10 $2.30 $2.60 $3.60 $4.15 $4.55 $4.70 $5.90 $6.90 $158.22 Price & Dividend 20
Price & Dividend 25 $1.20 $1.40 $1.88 $2.10 $2.30 $2.60 $3.60 $4.15 $4.55 $4.70 $5.90 $6.90 $158.22 Price & Dividend 25
Price & Dividend 30 $1.20 $1.40 $1.88 $2.10 $2.30 $2.60 $3.60 $4.15 $4.55 $4.70 $5.90 $6.90 $158.22 Price & Dividend 30
Price & Dividend 35 $1.20 $1.40 $1.88 $2.10 $2.30 $2.60 $3.60 $4.15 $4.55 $4.70 $5.90 $6.90 $158.22 Price & Dividend 35
Price & Dividend 40 $1.20 $1.40 $1.88 $2.10 $2.30 $2.60 $3.60 $4.15 $4.55 $4.70 $5.90 $6.90 $158.22 Price & Dividend 40
Price H/L Med. $67.81 $83.93 $111.35 $122.87 $120.24 $152.78 $160.46 $143.99 $112.29 $187.80 $167.13 $160.91 $144.93 $158.40 12.96% 30.16% <-Total Growth 10 Stock Price
Increase 12.27% 23.76% 32.68% 10.35% -2.14% 27.06% 5.02% -10.26% -22.01% 67.25% -11.01% -3.72% -9.93% 9.29% 4.98% 2.67% <-IRR #YR-> 10 Stock Price
P/E 11.12 12.15 14.67 14.27 13.04 14.32 15.08 11.45 9.12 10.22 9.50 42.57 9.10 12.38 17.94% 0.13% <-IRR #YR-> 5 Stock Price
Trailing P/E 11.88 13.76 16.11 16.19 13.97 16.57 15.04 13.53 8.93 15.26 9.09 9.14 38.34 9.95 5.98% <-IRR #YR-> 10 Price & Dividend
P/E on Running 5 yr Average 13.01 14.79 17.47 17.59 15.64 17.77 17.17 13.92 10.13 14.54 11.69 12.44 10.66 11.57 4.12% <-IRR #YR-> 5 Price & Dividend
P/E on Running 10 yr Average 14.76 16.82 20.63 20.97 18.93 22.12 21.36 17.23 12.43 18.23 14.60 14.45 12.11 12.78 13.04 P/E Ratio Historical Median
Median 10, 5 Yrs D.  per yr 3.30% 3.99% % Tot Ret 55.30% 96.82% T P/E 14.50 9.14 P/E:  12.24 9.50 Count 36 Years of data
-$111.35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $144.93
-$143.99 $0.00 $0.00 $0.00 $0.00 $144.93
-$111.35 $2.10 $2.30 $2.60 $3.60 $4.15 $4.55 $4.70 $5.90 $6.90 $151.93
-$143.99 $4.55 $4.70 $5.90 $6.90 $151.93
High Months Sep Sep Dec Jun Jun May Aug Nov Feb May  Mar Jul Sep Jan
Price High $73.00 $100.61 $128.99 $136.81 $136.81 $167.17 $182.40 $156.50 $151.44 $212.84 $193.87 $188.05 $162.09 $168.96 25.66% <-Total Growth 10 Stock Price
Increase 6.15% 37.82% 28.21% 6.06% 0.00% 22.19% 9.11% -14.20% -3.23% 40.54% -8.91% -3.00% -13.80% 4.24% 2.31% <-IRR #YR-> 10 Stock Price
P/E 11.97 14.56 16.99 15.89 14.84 15.67 17.14 12.44 12.30 11.58 11.02 49.75 10.18 13.20 0.70% <-IRR #YR-> 5 Stock Price
Trailing P/E 12.78 16.49 18.67 18.03 15.89 18.13 17.09 14.71 12.04 17.29 10.55 10.68 42.88 10.61 14.84 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 16.49 12.04 P/E:  13.64 11.58 17.67 P/E Ratio Historical High
-$128.99 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $162.09
-$156.50 $0.00 $0.00 $0.00 $0.00 $162.09
Low Months Jan Jan Feb Nov Jan Jan Dec Aug Mar Mar Dec Oct Apr Feb
Price Low $62.62 $67.24 $93.71 $108.93 $103.67 $138.39 $138.5 $131.5 $73.1 $162.76 $140.39 $133.76 $127.77 $147.84 36.35% <-Total Growth 10 Stock Price
Increase 20.35% 7.38% 39.37% 16.24% -4.83% 33.49% 0.09% -5.08% -44.37% 122.53% -13.74% -4.72% -4.48% 15.71% 3.15% <-IRR #YR-> 10 Stock Price
P/E 10.27 9.73 12.35 12.65 11.24 12.97 13.02 10.45 5.94 8.86 7.98 35.39 8.03 11.55 -0.57% <-IRR #YR-> 5 Stock Price
Trailing P/E 10.97 11.02 13.56 14.35 12.04 15.01 12.98 12.36 5.81 13.22 7.64 7.60 33.80 9.29 10.45 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 12.67 7.64 P/E:  10.85 8.03 8.51 P/E Ratio Historical Low
-$93.71 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $127.77
-$131.47 $0.00 $0.00 $0.00 $0.00 $127.77
Premium for Voting S. $11.62 $24.91 $127.26 $81.84 $57.63 $67.21 $68.36 $36.30 $40.67 $161.38 $108.49 $119.28 $46.33 $82.30 $82.30 $63.82 $67.79 <-Median-> 10 Premium Versus Cl A
As percent of CTC.A 16.75% 25.04% 103.68% 69.26% 41.38% 41.01% 47.89% 25.94% 24.31% 89.23% 76.67% 84.76% 30.64% 57.71% 57.71% 39.62% 44.64% <-Median-> 10 Premium Versus Cl A
Date Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Dec-26 Dec-27 125.00 <Count Years> Month, Year
Price Close Common  $81.00 $124.40 $250.00 $200.00 $196.90 $231.11 $211.10 $176.25 $208.00 $342.23 $249.99 $260.00 $197.55 $224.90 $224.90 $224.90 -20.98% <-Total Growth 10 Stock Price Used to be
Increase 11.71% 53.58% 100.96% -20.00% -1.55% 17.37% -8.66% -16.51% 18.01% 64.53% -26.95% 4.00% -24.02% 13.84% 0.00% 0.00% -2.33% <-IRR #YR-> 10 Stock Price Class C
P/E 13.28 18.00 32.94 23.23 21.36 21.66 19.84 14.01 16.90 18.62 14.20 68.78 12.41 17.57 17.05 16.10 2.31% <-IRR #YR-> 5 Stock Price
Trailing P/E 14.19 20.39 36.18 26.35 22.87 25.07 19.78 16.56 16.53 27.80 13.60 14.77 52.26 14.13 17.57 17.05 -0.37% <-IRR #YR-> 10 Price & Dividend
Median 10, 5 Yrs D.  per yr 1.95% 3.11% % Tot Ret -521.67% 134.95% T P/E 21.33 16.53 P/E:  19.23 16.90 5.42% <-IRR #YR-> 5 Price & Dividend
-$250.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $197.55
-$176.25 $0.00 $0.00 $0.00 $0.00 $197.55
-$250.00 $2.10 $2.30 $2.60 $3.60 $4.15 $4.55 $4.70 $5.90 $6.90 $204.55
-$176.25 $4.55 $4.70 $5.90 $6.90 $204.55
Free Cash Flow Market Watch $463.0 $369.1 $501.8 $390.6 $652.4 $2,140 $1,180 -$146 -100.00% <-Total Growth 7 Free Cash Flow Mrkt Screen
Change -20.28% 35.95% -22.16% 67.03% 228.02% -44.86% -112.37% -$0.20 <-Median-> 7 Change Diffs from
Free Cash Flow Mkt Sc $2,006.0 $1,036.0 -$268.6 $685.1 $1,427.0 $386.7 $552.3
Change -48.35% -125.93% 355.06% 108.29% -72.90% 42.82%
Free Cash Flow MS, old $206 $304 $261 $474 $2,006 $1,036 -$269 $685
Change 47.57% -14.14% 81.61% 323.21% -48.35% -125.97% 354.65%
Free Cash Flow MS,  $456 $383 -$114 $368 $70 $70 $800 $850 $1,260 $1,280 $960 $870 $1,060 $387 $552 1029.82% <-Total Growth 10 Free Cash Flow
Change -56.41% -16.01% -129.77% 422.81% -80.98% 0.00% 1042.86% 6.25% 48.24% 1.59% -25.00% -9.38% 21.84% -63.52% 42.82% 4.51% <-IRR #YR-> 5 Free Cash Flow MS 24.71%
FCF/CF from Op Ratio 0.61 0.43 -0.20 0.38 0.07 0.07 0.99 0.78 0.52 0.71 1.70 0.64 0.51 0.24 0.33 #NUM! <-IRR #YR-> 10 Free Cash Flow MS 1029.82%
Dividends paid $97.4 $112.0 $145.2 $152.0 $158.0 $170.0 $222.0 $242.5 $262.9 $271.1 $325.8 $360.8 $359.8 $394.9 $394.9 147.78% <-Total Growth 10 Dividends paid
Percentage paid 41.30% 225.71% 242.86% 27.75% 28.53% 20.87% 21.18% 33.94% 41.47% 33.94% 102.12% 71.50% $0.34 <-Median-> 10 Percentage paid
5 Year Coverage 43.77% 34.60% 27.43% 25.71% 28.03% 29.10% 37.58% 47.96% 5 Year Coverage
Dividend Coverage Ratio 2.42 0.44 0.41 3.60 3.51 4.79 4.72 2.95 2.41 2.95 0.98 1.40 2.95 <-Median-> 10 Dividend Coverage Ratio
5 Year of Coverage 1.41 2.28 2.89 3.65 3.89 3.57 3.44 2.66 2.09 5 Year of Coverage
-$850 $0 $0 $0 $0 $1,060
$114 $0 $0 $0 $0 $0 $0 $0 $0 $0 $1,060
Free Cash Flow WSJ $463 $369 $502 $391 $652 $2,136 $1,184 -$146 $773 $1,488 $387 $552 221.27% <-Total Growth 9 Free Cash Flow WSJ
Change -20.30% 36.04% -22.11% 66.75% 227.61% -44.57% -112.33% 629.45% 92.43% -74.00% 42.82% 17.93% <-IRR #YR-> 5 Free Cash Flow WSJ
FCF/CF from Op Ratio 0.47 0.37 0.52 0.48 0.60 0.87 0.65 -0.26 0.57 0.72 0.24 0.33 13.85% <-IRR #YR-> 9 Free Cash Flow WSJ
Dividends paid $152.0 $158.0 $170.0 $222.0 $242.5 $262.9 $271.1 $325.8 $360.8 $359.8 $394.9 $394.9 136.71% <-Total Growth 9 Dividends paid
Percentage paid 32.83% 42.82% 33.86% 56.78% 37.19% 12.31% 22.90% 0.00% 46.68% 24.19% 102.12% 71.50% $0.33 <-Median-> 10 Percentage paid
5 Year Coverage 32.83% 37.26% 35.98% 40.70% 39.73% 26.06% 24.02% 31.40% 31.81% 29.08% 46.47% 60.13% 5 Year Coverage
Dividend Coverage Ratio 3.05 2.34 2.95 1.76 2.69 8.12 4.37 -0.45 2.14 4.13 0.98 1.40 2.82 <-Median-> 10 Dividend Coverage Ratio
5 Year of Coverage 3.05 2.68 2.78 2.46 2.52 3.84 4.16 3.18 3.14 3.44 2.15 1.66 5 Year of Coverage
-$652 $0 $0 $0 $0 $1,488
-$463 $0 $0 $0 $0 $0 $0 $0 $0 $1,488
Class A non-voting $5,392 $7,617 $9,086 $8,347 $9,376 $10,337 $8,490 $8,131 $9,602 $10,258 $7,680 $7,345 $7,893 $7,443 $7,443 $8,408 -13.12% <-Total Growth 10 Class A non-voting
Common Shares $277 $426 $856 $685 $674 $791 $723 $603 $712 $1,172 $856 $890 $676 $770 $770 $770 -20.98% <-Total Growth 10 Common Shares
Market Cap $5,670 $8,043 $9,941 $9,031 $10,050 $11,128 $9,213 $8,734 $10,314 $11,430 $8,536 $8,235 $8,570 $8,213 $8,213 $9,178 -13.80% <-Total Growth 10 Market Cap
Diluted # of Shares in Million 81.81 81.18 79.61 76.58 72.56 68.87 65.06 61.86 61.09 61.35 59.34 56.46 55.77 55.77 55.77 -29.95% <-Total Growth 10 Diluted
Change 0.00% -0.76% -1.93% -3.81% -5.26% -5.08% -5.53% -4.92% -1.25% 0.42% -3.27% -4.85% -1.22% 0.00% 0.00% -4.33% <-Median-> 10 Change
Difference Diluted/Basic -0.5% -0.7% -0.8% -0.6% -0.3% -0.3% -0.3% -0.1% -0.3% -1.0% -0.6% -0.4% -0.3% -0.3% -0.3% -0.30% <-Median-> 10 Difference Diluted/Basic
Average # of Sh in M 81.44 80.65 78.96 76.15 72.36 68.68 64.89 61.79 60.90 60.74 58.98 56.23 55.63 55.63 55.63 -29.55% <-Total Growth 10 Basic
Change -0.01% -0.96% -2.10% -3.56% -4.98% -5.09% -5.52% -4.77% -1.45% -0.25% -2.90% -4.67% -1.07% 0.00% 0.00% -4.11% <-Median-> 10 Change
Difference -0.4% -0.8% -1.9% -2.7% -2.2% -3.2% -3.1% -0.4% -0.1% -1.0% -2.2% -1.1% 0.0% 0.0% 0.0% -1.63% <-Median-> 10 Difference
Class A non-voting 77.72 76.56 74.02 70.64 67.32 63.07 59.48 58.10 57.38 56.72 54.28 52.20 52.20 52.20 52.20 52.20 93.85% Ratio of Shares
Common Shares 3.42 3.42 3.42 3.42 3.42 3.42 3.42 3.42 3.42 3.42 3.42 3.42 3.42 3.42 3.42 3.42 6.15% Ratio of Shares
# of Share in Millions 81.14 79.98 77.45 74.06 70.75 66.49 62.90 61.52 60.81 60.15 57.70 55.62 55.62 55.62 55.62 55.62 -3.26% <-IRR #YR-> 10 Shares -28.18%
Change -0.37% -1.43% -3.17% -4.37% -4.47% -6.02% -5.40% -2.20% -1.16% -1.09% -4.07% -3.60% 0.00% 0.00% 0.00% 0.00% -2.00% <-IRR #YR-> 5 Shares -9.59%
CF fr Op $Millon $743.0 $893.2 $574.8 $978.9 $986.4 $972.8 $807.4 $1,087.6 $2,442.8 $1,814.4 $566.0 $1,353.7 $2,063.8 $1,608.0 $1,692.0 259.05% <-Total Growth 10 Cash Flow
Increase -47.14% 20.22% -35.65% 70.30% 0.77% -1.38% -17.00% 34.70% 124.60% -25.72% -68.81% 139.17% 52.46% -22.09% 5.22% DRIP, SO Buy Backs
5 year Running Average $748.2 $890.3 $921.5 $919.1 $835.3 $881.2 $864.1 $966.6 $1,259.4 $1,425.0 $1,343.6 $1,452.9 $1,648.1 $1,481.2 $1,456.7 78.85% <-Total Growth 10 CF 5 Yr Running
CFPS $9.16 $11.17 $7.42 $13.22 $13.94 $14.63 $12.84 $17.68 $40.17 $30.17 $9.81 $24.34 $37.10 $28.91 $30.42 399.93% <-Total Growth 10 Cash Flow per Share
Increase -46.94% 21.96% -33.54% 78.09% 5.49% 4.94% -12.27% 37.73% 127.24% -24.91% -67.48% 148.11% 52.46% -22.09% 5.22% 13.64% <-IRR #YR-> 10 Cash Flow 259.05%
5 year Running Average $9.19 $10.98 $11.43 $11.64 $10.98 $12.08 $12.41 $14.46 $19.85 $23.10 $22.13 $24.43 $28.32 $26.07 $26.12 13.67% <-IRR #YR-> 5 Cash Flow 89.76%
P/CF on Med Price 7.41 7.52 15.00 9.30 8.62 10.44 12.50 8.14 2.80 6.23 17.04 6.61 3.91 5.48 0.00 17.46% <-IRR #YR-> 10 Cash Flow per Share 399.93%
P/CF on Closing Price 7.58 8.91 16.54 8.94 9.99 11.20 11.12 7.92 4.17 6.00 14.43 5.78 4.08 4.93 4.69 15.98% <-IRR #YR-> 5 Cash Flow per Share 109.88%
-41.17% Diff M/C 9.49% <-IRR #YR-> 10 CFPS 5 yr Running 147.65%
Excl.Working Capital CF $708.0 $304.2 $797.6 -$529.8 $544.7 $721.4 $866.9 $993.8 -$284.1 $798.2 $1,994.1 $727.6 $45.3 $0.0 $0.0 14.39% <-IRR #YR-> 5 CFPS 5 yr Running 95.82%
CF fr Op $M WC $1,451 $1,197 $1,372 $449 $1,531 $1,694 $1,674 $2,081 $2,159 $2,613 $2,560 $2,081 $2,109 $1,608 $1,692 53.68% <-Total Growth 10 Cash Flow less WC
Increase 3.64% -17.48% 14.61% -67.28% 240.93% 10.65% -1.17% 24.31% 3.71% 21.03% -2.01% -18.70% 1.34% -23.76% 5.22% 4.39% <-IRR #YR-> 10 Cash Flow less WC 53.68%
5 year Running Average $991.1 $1,112.7 $1,248.3 $1,174.0 $1,200.2 $1,248.8 $1,344.2 $1,486.0 $1,827.9 $2,044.2 $2,217.4 $2,298.8 $2,304.4 $2,194.2 $2,010.1 0.26% <-IRR #YR-> 5 Cash Flow less WC 1.33%
CFPS Excl. WC $17.88 $14.97 $17.72 $6.06 $21.64 $25.48 $26.62 $33.83 $35.50 $43.44 $44.37 $37.42 $37.92 $28.91 $30.42 6.32% <-IRR #YR-> 10 CF less WC 5 Yr Run 84.60%
Increase 4.02% -16.28% 18.37% -65.78% 256.90% 17.74% 4.46% 27.11% 4.93% 22.35% 2.15% -15.66% 1.34% -23.76% 5.22% 9.17% <-IRR #YR-> 5 CF less WC 5 Yr Run 55.07%
5 year Running Average $12.18 $13.73 $15.57 $14.77 $15.66 $17.18 $19.50 $22.73 $28.61 $32.97 $36.75 $38.91 $39.73 $38.41 $35.81 7.90% <-IRR #YR-> 10 CFPS - Less WC 113.98%
P/CF on Med Price 3.79 5.61 6.28 20.26 5.56 6.00 6.03 4.26 3.16 4.32 3.77 4.30 3.82 5.48 0.00 2.31% <-IRR #YR-> 5 CFPS - Less WC 12.08%
P/CF on Closing Price 3.88 6.65 6.93 19.49 6.44 6.43 5.36 4.14 4.71 4.16 3.19 3.76 3.99 4.93 4.69 9.82% <-IRR #YR-> 10 CFPS 5 yr Running 155.20%
*Cash Generated from Operating Activities CF/-WC P/CF Med 10 yr 8.38 5 yr  6.23 P/CF Med 10 yr 4.31 5 yr  3.82 14.40% Diff M/C 11.82% <-IRR #YR-> 5 CFPS 5 yr Running 74.81%
-$17.72 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $37.92 CFPS - Less WC
-$33.83 $0.00 $0.00 $0.00 $0.00 $37.92 CFPS - Less WC
-$15.57 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $39.73 CFPS 5 yr Running
-$22.73 $0.00 $0.00 $0.00 $0.00 $39.73 CFPS 5 yr Running
Change in loans receivable -$274.10 -$332.4 -$25.20 -$306.10 -$430.40 -$491.5 -$270.4 $925.1 -$486.8 -$657.1 -$289.3 -$139.0 <--no longer part of WC re TD.
Change in operating working capital and other $270.20 -$83.5 -$115.30 $126.10 -$105.50 -$183.7 $241.6 -$574.4 $99.50 $510.20
Trade and other rec -$50.80 $32.8
Merchandise Inventories -$29.20 -$104.4
Income Taxes -$1.00 -$6.5
Prepaid Expenses & deposits -$8.00 -$24.5
Trande and other payables $154.10 $76.2
Provisions -$8.80 -$17.1 $31.60 $13.6
Long term Provisisons $14.00 $3.2 -$1.30 $6.2
Other long Term liab $11.60 -$38.0
Change in loans receivable -$274.10 -$332.4 -$25.20 -$306.10 -$430.40 -$491.5 -$270.4 $925.1 -$486.8 -$657.1 -$289.3 -$139.0 <-- part of WC againre TD.
Interest paid -$126.50 -$122.0 -$101.40 -$114.00 -$125.90 -$148.5 -$297.3 -$272.6 -$233.0 -$254.6 -$366.1 -$413.6
Interest received $12.00 $10.4 $8.40 $6.50 $8.70 $10.1 $27.3 $15.8 $13.9 $21.3 $38.8 $44.0
Income taxes paid -$191.20 -$256.5 -$284.00 -$262.80 -$294.30 -$204.4 -$347.9 -$200.5 -$333.9 -$529.3 -$210.5 -$46.9
Other     $14.60 $5.60 $13.50 $12.0            
Sum -$304.4 -$797.9 -$502.90 -$544.70 -$721.40 -$866.9 -$993.8 $284.1 -$798.2 -$1,994.1 -$727.6 -$45.3
Googhle -->TD -$304.2 -$797.6 -$502.90 -$544.70 -$721.40 -$867 -$994 $284 -$798 -$1,994 -$438 -$45
Difference -$0.2 -$0.3 $0.00 $0.00 $0.00 $0 $0 $0 $0 $0 -$290 $0
TD 2 25 -$759 -$503 -$545 -$721 $284 -$798 -$1,994 -$728
Difference -$39 $0 $0 $0 $0 $0 $0 $0
Old -$529.80 -$588.90
OPM 6.50% 7.58% 4.61% 7.97% 7.78% 7.24% 5.74% 7.48% 16.43% 11.14% 3.18% 8.13% 12.62% 9.64% 173.56% <-Total Growth 10 OPM
Increase -51.95% 16.56% -39.14% 72.84% -2.42% -6.91% -20.69% 30.30% 119.52% -32.20% -71.46% 155.74% 55.24% -23.56% Should increase  or be stable.
Diff from Median -17.4% -3.8% -41.4% 1.2% -1.2% -8.1% -27.1% -5.0% 108.6% 41.4% -59.6% 3.2% 60.2% 22.5% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 7.88% 5 Yrs 11.14% should be  zero, it is a   check on calculations
$2,196 <-12 mths 0.96%
Adjusted EBITDA $1,138.1 $1,235.7 $1,359.4 $1,518.8 $1,561.8 $1,693.8 $1,742.7 $2,146.3 $2,180.6 $2,666.8 $2,642.0 $2,090.7 $2,175.3 $2,202 $2,285 $2,340 60.02% <-Total Growth 10 Adjusted EBITDA Also
Change 8.58% 10.01% 11.73% 2.83% 8.45% 2.89% 23.16% 1.60% 22.30% -0.93% -20.87% 4.05% 1.23% 3.77% 2.41% 3.47% <-Median-> 10 Change Normalized
Margin 9.96% 10.48% 10.91% 12.37% 12.32% 12.61% 12.40% 14.77% 14.66% 16.37% 14.83% 12.55% 13.30% 13.21% 13.44% 13505.71% 12.95% <-Median-> 10 Margin
Long Term Debt $4,343.6 $3,897.9 $4,535.0 $5,507.0 $5,383.6 $4,115.7 $3,558.7 $3,217.5 $4,404.0 $3,875.5 $3,875.5 Debt Type
Change -10.26% 16.34% 21.43% -2.24% -23.55% -13.53% -9.59% 36.88% -12.00% 0.00% -9.59% <-Median-> 9 Change Lg Term R
Debt/Market Cap Ratio 0.52 0.42 0.44 0.65 0.66 0.43 0.35 0.42 0.60 0.49 0.52 0.46 <-Median-> 10 Debt/Market Cap Ratio Intang/GW
Assets/Current Liabilities Ratio 3.86 3.27 3.46 3.29 3.39 4.05 3.21 3.09 3.44 3.51 3.51 3.42 <-Median-> 10 Assets/Current Liabilities Ratio Liquidity
Debt to Cash Flow (Years) 4.44 3.95 4.66 6.82 4.95 1.68 1.96 5.68 3.25 1.88 2.41 4.19 <-Median-> 10 Debt to Cash Flow (Years) Liq. + CF
Debt Ratio
Intangibles $713.0 $752.6 $815.1 $809.8 $835.6 $848.2 $1,410.4 $1,523.2 $1,483.3 $1,495.4 $1,478.4 $1,409.9 $1,337.5 $1,337.5 64.09% <-Total Growth 10 Intangibles Leverage
Goodwill $376.9 $432.9 $436.6 $437.0 $444.7 $444.7 $861.6 $891.1 $889.5 $876.8 $863.2 $844.8 $838.7 $838.7 92.10% <-Total Growth 10 Goodwill D/E Ratio
Total $1,089.9 $1,185.5 $1,251.7 $1,246.8 $1,280.3 $1,292.9 $2,272.0 $2,414.3 $2,372.8 $2,372.2 $2,341.6 $2,254.7 $2,176.2 $2,176.2 73.86% <-Total Growth 10 Total
Change -1.81% 8.77% 5.58% -0.39% 2.69% 0.98% 75.73% 6.26% -1.72% -0.03% -1.29% -3.71% -3.48% 0.00% -0.21% <-Median-> 10 Change
Intangible/Market Cap Ratio 0.19 0.15 0.13 0.14 0.13 0.12 0.25 0.28 0.23 0.21 0.27 0.27 0.25 0.26 0.24 <-Median-> 10 Intangible/Market Cap Ratio
Current Assets $7,748.6 $7,977.8 $8,510.2 $8,692.3 $8,637.7 $8,796.1 $9,255.8 $9,555.3 $10,546.8 $11,646.6 $11,530.4 $11,293.1 $11,347.9 $11,347.9 Liquidity ratio of 1.5 and up, best
Current Liabilities $4,624.1 $4,322.1 $4,578.8 $3,883.8 $4,680.9 $4,519.3 $5,258.2 $5,751.4 $5,025.8 $6,790.0 $7,147.0 $6,389.0 $6,335.4 $6,335.4 1.78 <-Median-> 10 Ratio
Liquidity 1.68 1.85 1.86 2.24 1.85 1.95 1.76 1.66 2.10 1.72 1.61 1.77 1.79 1.79 1.77 <-Median-> 5 Ratio
Liq. with CF aft div 1.82 2.03 1.95 2.45 2.02 2.12 1.87 1.81 2.53 1.94 1.64 1.92 2.06 1.98 1.94 <-Median-> 5 Ratio
Liq. CF re  Inv+Div  1.82 1.71 1.73 2.27 1.73 1.86 1.50 1.60 2.16 1.75 1.57 1.72 1.97 1.98 1.75 <-Median-> 5 Ratio
Assets $13,181.4 $13,630.0 $14,553.2 $14,987.8 $15,302.8 $15,624.2 $17,286.8 $19,518.3 $20,377.1 $21,802.2 $22,102.3 $21,978.3 $22,240.6 $22,240.6 Debt Ratio of 1.5 and up, best
Liabilities $8,417.8 $8,180.1 $8,922.4 $9,198.1 $9,565.5 $10,050.5 $11,871.8 $14,013.6 $14,542.4 $15,291.4 $15,063.1 $15,533.5 $15,152.3 $15,152.3 1.46 <-Median-> 10 Ratio
Debt Ratio 1.57 1.67 1.63 1.63 1.60 1.55 1.46 1.39 1.40 1.43 1.47 1.41 1.47 1.47 1.43 <-Median-> 5 Ratio
Estimates BVPS $114.50 $120.60 Estimates Estimates BVPS
Estimate Book Value $6,368.6 $6,707.9 Estimates Estimate Book Value
P/B Ratio (Close) 1.25 1.18 Estimates P/B Ratio (Close)
Difference from 10 year median -29.73% Diff M/C Estimates Difference from 10 yr med.
Book Value $4,763.6 $5,449.9 $5,630.8 $5,789.7 $5,737.3 $5,573.7 $5,415.0 $5,504.7 $5,834.7 $6,510.8 $7,039.2 $6,444.8 $7,088.3 $7,088.3 25.88% <-Total Growth 10 Book Value
NCI $0.0 $282.6 $775.3 $795.5 $798.7 $823.3 $1,048.8 $1,048.8 $1,335.6 $1,387.0 $1,420.7 $896.8 $933.3 $933.3
Book Value $4,763.6 $5,167.3 $4,855.5 $4,994.2 $4,938.6 $4,750.4 $4,366.2 $4,455.9 $4,499.1 $5,123.8 $5,618.5 $5,548.0 $6,155.0 $6,155.0 $6,155.0 $6,155.0 26.76% <-Total Growth 10 Book Value
Book Value per Share $58.71 $64.60 $62.69 $67.43 $69.81 $71.45 $69.41 $72.43 $73.99 $85.19 $97.37 $99.75 $110.66 $110.66 $110.66 $110.66 76.50% <-Total Growth 10 Book Value per Share
Change 8.44% 10.05% -2.96% 7.56% 3.52% 2.35% -2.84% 4.35% 2.15% 15.13% 14.30% 2.44% 10.94% 0.00% 0.00% 0.00% -15.83% P/B Ratio Current/Historical Median
P/B Ratio (Median) 1.16 1.30 1.78 1.82 1.72 2.14 2.31 1.99 1.52 2.20 1.72 1.61 1.31 1.43 0.00 0.00 1.53 P/B Ratio Historical Median
P/B Ratio (Close) 1.18 1.54 1.96 1.75 2.00 2.29 2.06 1.93 2.26 2.12 1.45 1.41 1.37 1.29 1.29 1.46 5.85% <-IRR #YR-> 10 Book Value per Share 76.50%
Change -2.92% 30.31% 27.13% -10.50% 13.86% 14.99% -10.36% -6.04% 17.04% -6.13% -31.55% -2.92% -3.14% -5.70% 0.00% 12.96% 8.85% <-IRR #YR-> 5 Book Value per Share 52.78%
Leverage (A/BK) 2.77 2.50 2.58 2.59 2.67 2.80 3.19 3.55 3.49 3.35 3.14 3.41 3.14 3.14 3.17 <-Median-> 10 A/BV
Debt/Equity Ratio 1.77 1.50 1.58 1.59 1.67 1.80 2.19 2.55 2.49 2.35 2.14 2.41 2.14 2.14 2.17 <-Median-> 10 Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities) P/B Ratios 10 yr Med 1.77 5 yr Med 1.61 -19.23% Diff M/C
-$62.69 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $110.66
-$72.43 $0.00 $0.00 $0.00 $0.00 $110.66
Comprehensive Income $477.0 $623.5 $660.9 $801.4 $634.4 $740.3 $795.1 $743.7 $765.1 $1,251.9 $1,450.8 $275.3 $1,154.9 74.75% <-Total Growth 10 Comprehensive Income
NCI $0.0 $3.2 $35.4 $74.0 $79.6 $85.6 $89.4 $111.4 $101.7 $137.5 $157.5 $136.0 $84.2 137.85% <-Total Growth 10 NCI
Shareholders $477.0 $620.3 $625.5 $727.4 $554.8 $654.7 $705.7 $632.3 $663.4 $1,114.4 $1,293.3 $139.3 $1,070.7 71.18% <-Total Growth 10 Shareholders
Increase -3.85% 30.04% 0.84% 16.29% -23.73% 18.01% 7.79% -10.40% 4.92% 67.98% 16.06% -89.23% 668.63% 16.06% <-Median-> 5 Comprehensive Income
5 Yr Running Average $426.4 $446.1 $532.6 $589.3 $601.0 $636.5 $653.6 $655.0 $642.2 $754.1 $881.8 $768.5 $856.2 5.52% <-IRR #YR-> 10 Comprehensive Income 71.18%
ROE 10.0% 11.4% 11.1% 12.6% 9.7% 11.7% 13.0% 11.5% 11.4% 17.1% 18.4% 2.2% 15.1% 11.11% <-IRR #YR-> 5 Comprehensive Income 69.33%
5Yr Median 10.9% 10.9% 11.1% 11.3% 11.1% 11.4% 11.7% 11.7% 11.5% 11.7% 13.0% 11.5% 15.1% -3.10% <-IRR #YR-> 10 5 Yr Running Average 60.75%
% Difference from NI -4.4% 10.5% 3.6% 10.3% -17.1% -10.9% 2.0% -18.8% -11.8% -1.2% 23.9% -34.7% 20.6% 5.50% <-IRR #YR-> 5 5 Yr Running Average 30.72%
Median Values Diff 5, 10 yr -6.0% -1.2% 15.1% <-Median-> 5 Return on Equity
-$625.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $1,070.7
-$632.3 $0.0 $0.0 $0.0 $0.0 $1,070.7
-$532.6 $0.0 -$601.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $856.2
-$655.0 $0.0 $0.0 $0.0 $0.0 $856.2
Current Liability Coverage Ratio 0.31 0.28 0.30 0.12 0.33 0.37 0.32 0.36 0.43 0.38 0.36 0.33 0.33 0.25   CFO / Current Liabilities
5 year Median 0.31 0.31 0.31 0.30 0.30 0.30 0.32 0.33 0.36 0.37 0.36 0.36 0.36 0.33 34.6% <-Median-> 10 Current Liability Cov Ratio
Asset Efficiency Ratio 11.01% 8.79% 9.43% 3.00% 10.01% 10.84% 9.69% 10.66% 10.59% 11.98% 11.58% 9.47% 9.48% 7.23% CFO / Total Assets
5 year Median 9.36% 9.36% 9.43% 9.43% 9.43% 9.43% 9.69% 10.01% 10.59% 10.66% 10.66% 10.66% 10.59% 9.48% 10.3% <-Median-> 10 Return on Assets 
Return on Assets ROA 3.79% 4.12% 4.15% 4.40% 4.37% 4.70% 4.00% 3.99% 3.69% 5.17% 4.72% 0.97% 3.99% 3.12% Net  Income/Assets Return on Assets
5Yr Median 3.81% 3.81% 4.12% 4.12% 4.15% 4.37% 4.37% 4.37% 4.00% 4.00% 4.00% 3.99% 3.99% 3.99% 4.2% <-Median-> 10 Asset Efficiency Ratio
Return on Equity ROE 10.48% 10.30% 10.73% 11.39% 11.66% 13.19% 12.78% 14.14% 12.88% 17.32% 14.83% 3.31% 12.52% 9.78% Net Inc/ Shareholders' equity Return on Equity
5Yr Median 10.49% 10.48% 10.59% 10.59% 10.73% 11.39% 11.66% 12.78% 12.88% 13.19% 14.14% 14.14% 12.88% 12.52% 12.8% <-Median-> 10 Return on Equity
$1,222 <-12 mths 37.70% Estimates last 12 months from Qtr.
Net Income $499.2 $564.4 $639.3 $735.9 $747.5 $818.8 $783.0 $894.8 $862.6 $1,260.7 $1,182.8 $339.1 $971.9 52.03% <-Total Growth 10 Net Income
NCI $0.0 $3.2 $35.3 $76.5 $78.4 $83.8 $90.9 $116.4 $110.8 $133.1 $138.7 $125.8 $84.2 138.53% <-Total Growth 10 NCI
Shareholders $499.2 $561.2 $604.0 $659.4 $669.1 $735.0 $692.1 $778.4 $751.8 $1,127.6 $1,044.1 $213.3 $887.7 $693 $714 $732 46.97% <-Total Growth 10 Shareholders
Increase 6.90% 12.42% 7.63% 9.17% 1.47% 9.85% -5.84% 12.47% -3.42% 49.99% -7.41% -79.57% 316.17% -21.93% 2.97% 2.58% EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $425.8 $463.2 $517.0 $558.2 $598.6 $645.7 $671.9 $706.8 $725.3 $817.0 $878.8 $783.0 $804.9 $793.1 $710.3 $647.9 3.93% <-IRR #YR-> 10 Net Income 46.97%
Operating Cash Flow $743.0 $893.2 $574.8 $978.9 $986.4 $972.8 $807.4 $1,087.6 $2,442.8 $1,814.4 $566.0 $1,353.7 $2,063.8 2.66% <-IRR #YR-> 5 Net Income 14.04%
Investment Cash Flow $261.5 -$786.4 -$589.5 -$299.0 -$782.8 -$639.9 -$1,308.6 -$758.7 -$848.0 -$736.5 -$329.9 -$747.8 -$264.1 4.53% <-IRR #YR-> 10 5 Yr Running Ave. 55.69%
Total Accruals -$505.3 $454.4 $618.7 -$20.5 $465.5 $402.1 $1,193.3 $449.5 -$843.0 $49.7 $808.0 -$392.6 -$912.0 2.63% <-IRR #YR-> 5 5 Yr Running Ave. 13.88%
Total Assets $13,181 $13,630 $14,553 $14,988 $15,303 $15,624 $17,287 $19,518 $20,377 $21,802 $22,102 $21,978 $22,241 Balance Sheet Assets
Accruals Ratio -3.83% 3.33% 4.25% -0.14% 3.04% 2.57% 6.90% 2.30% -4.14% 0.23% 3.66% -1.79% -4.10% -1.79% <-Median-> 5 Ratio
EPS/CF Ratio 0.34 0.46 0.43 1.42 0.43 0.42 0.40 0.37 0.35 0.42 0.40 0.10 0.42 0.41 <-Median-> 10 EPS/CF Ratio
-$604 $0 $0 $0 $0 $0 $0 $0 $0 $0 $888
-$778 $0 $0 $0 $0 $888
-$517 $0 $0 $0 $0 $0 $0 $0 $0 $0 $805
-$707 $0 $0 $0 $0 $805
Chge in Close 5.28% 43.40% 23.37% -3.73% 17.87% 17.69% -12.91% -1.95% 19.56% 8.08% 8.08% -0.55% 7.46% -5.70% 0.00% 12.96% Count 32 Years of data
up/down down Down Count 12 37.50%
Meet Prediction? Yes yes % right Count 3 25.00%
Financial Cash Flow $247.0 -$365.5 $88.6 -$434.6 -$280.4 -$719.7 -$534.6 -$604.2 -$462.7 -$653.4 -$1,661.5 -$621.0 -$1,635.3 C F Statement  Financial CF
Total Accruals -$752.3 $819.9 $530.1 $414.1 $745.9 $1,121.8 $1,727.9 $1,053.7 -$380.3 $703.1 $2,469.5 $228.4 $723.3 Accruals
Accruals Ratio -5.71% 6.02% 3.64% 2.76% 4.87% 7.18% 10.00% 5.40% -1.87% 3.22% 11.17% 1.04% 3.25% 3.22% <-Median-> 5 Ratio
Cash $929.50 $574.20 $647.80 $900.60 $823.80 $437.00 $470.40 $195.10 $1,327.20 $1,751.70 $326.30 $311.20 $475.60 $475.60 Cash
Cash per Share $11.45 $7.18 $8.36 $12.16 $11.64 $6.57 $7.48 $3.17 $21.83 $29.12 $5.66 $5.59 $8.55 $8.55 $8.55 <-Median-> 5 Cash per Share
Percentage of Stock Price 16.51% 7.22% 6.81% 10.29% 8.36% 4.01% 5.24% 2.27% 13.04% 16.10% 4.00% 3.98% 5.65% 6.00% 5.65% <-Median-> 5 % of Stock Price
Notes:
February 21, 2025.  Last estimates were for 2024, 2025 2026 of 16784M, $17414M, $18536M Revenue, $11.20, $14.08 2024/5 AEPS, 15.26, $20.08, $21.70 EPS, 
$616M, $670M, $893M FCF, 29.40, $31.10, $33.20 CFPS. $2115M, $2326M, $2685M EBITDA, $102.00, $108.00 2024/5 BVPS, $723M, $844M, $1083M Net Income.
March 10, 2024.  Last estimates were for 2023, 2024 and 2025 of $17830M, $18430M and $18987M for Revenue, $17.59, $19.52 and $20.27 for AEPS, $18.30, $19.60 and $20.90 for EPS, 
$6.79, $6.80 and $6.84 for Dividends, $931M and $749M 2023/4 for FCF, $33.80 and $36.80 2023/4 for CFPS, $1030M, $1052M and $1090M for Net Income.
March 12, 2023.  Last estimates were for 2022, 2023 and 2024 of $16773M, $17188M and $17554M for Revenue, $17.93 and $15.56 for AEPS 2022/3, $17.90, $19.60 and $21.10 for EPS, 
$5.35, $6.14 and $6.86 for Dividends, $673M, $994M, and $1018M for FCF, $28.20, $33.30 and $32.40 for CFPS, $92.20 and $103.00 for BVPS, and $1039M, $1083M and $1151M for Net Income.
March 15, 2021.  Last estimates were for 2021 and 2022 of $14946M, $15342M for Revenue, $13.68 and $15.06 for Adj EPS, $13.00 and $14.70 for EPS, 
$4.67 and $4.93 for Dividends, $842M and $923M for FCF, $27.40 and $29.80 for CFPS, $828M and $888M for Net Income.
March 11, 2021, Last estimates were for 2020 and 2021 of $15322 and $15607M, $14.12 and $14.86 for Adj EPS, 
$13.60 and $14.86 for EPS, $27.90 and $20.71 for CFPS and $790M and $831M for Net Income.
March 7, 2020.  Last estimates were for 2019, 2020 and 2021 of $14795M, $15292M and 16655M for Revenue, $12.91, $14.12 and $14.86 for Adjusted EPS, 
$13.20, $14.50 and $14.86 for EPS, $19.10, $20.90 and $18.40 for CFPS and $813 and $865 for Net Income for 2019 and 2020.
March 09, 2019.  Last estimates were for 2018, 2019 and 2020 of $13873M, $14340M and $14875M for Revenue, $11.70, $13.50 and $13.19 fr Adj EPS, 
$11.70, 13.30 and $13.19 for EPS, $18.20, $19.70 and $16.90 for CFPS and $774M and $866M for Net Income for 2018 and 2019.
March 04, 2018.  Last estimates were for 2017, 2018 smf 2019 of $13506M, $13777M and $14447M for Revenue, $10.00, $11.00 and $12.51 for Adjusted EPS, 
$10.00, 11.00 and $12.51 for EPS, $17.50 and $18.80 for CFPS for 2017 and 2018 and $716M and $734M for Net Income for 2017 and 2018.
March 5, 2017.  Last estimates were for 2017, 2018 and 2019 of $12784M, $13116M and $13672M for Revenue, $8.71, $9.76 and $10.30 for EPS, 
$15.90, $12.40 and $18.20 for CFPS, $633M and $678M for Net Income.
March 12, 2015.  Last estimates were for 2015, 2016 and 2017 of $12765M, $13275M and $13655M for Revenue, $8.25 and $9.42 Adjusted EPS for 2015 and 2016, 
$7.93, $8.79 and $9.32 for EPS, $12.70, $13.90 and $14.90 for CFPS and $612, $656 and $735.9 for Net Income.
March 20, 2015.  Last estimates were for 2014, 2015 snf 2016 of $12153M, $12285M and $12687M for Revenue, $7.00 for Adjusted EPS for 2014, 
$7.36, $7.85 and $8.17 for EPS, $13.70 and $12.70 for CFPS for 2014 and 2015 and $546M for Net Income for 2014.
February 22, 2014.  Last estimates were for 2013 and 2014 of $11512M and $11733M for Revenue, $6.80 and $7.00 for Adjusted EPS, $6.69 and $7.07 for EPS.
It would seem that for 2013 there is no adjusted EPS referred to my anyone as far as I can see.
Mar 23, 2013.  Last Estimates were for 2012 and 2013 of $11257M and $11564M for Revenue, $6.12 and f$6.67 for Earnings and f$12.32 and $14.63 for CFPS.
Feb 11, 2012.  Last estimates I got were for 2011 and 2012 for EPS of 5.36 and 5.70 and CF for $9.12 and $9.62.
Aug 19, 2011. Credit rating agency DBRS has downgraded Canadian Tire Corp. (CTC.A-T $52.21) debt to BBB from an A rating, a day after the retailer completed its acquisition of sporting goods 
chain The Forzani Group Ltd. (FGL-T $26.47). The downgrade in the debentures and medium-term notes of Canadian Tire was mainly because of the increase in the size of the company’s debt, DBRS said Friday.
Jun 11, 2011.  Last estimates I got for 2011 and 2012 were $4.57 and $5.05 for earnings and $9.30 and $9.35 for cash flow.
Feb 2010, unaudited Jan 2010 statements.  In Jul 2009, I picked up Earnings and cash flow of $4.12 and $8.80 and they came in at $4.10 and $5.13.
April 2009 AR 2008. In August 2008, I picked up an earnings estimate of $5.20 and it came in at $4.59.
AP 2007. I have done well by this stock.  Am concerned with fall in OPM and slow revenue growth.  Accruals ratio does not look good neither, but they often have high numbers.
AP 2006.  Not followed TD or Mike. FP Card says hold but gives expected price of $81, Market Watch says buy and expected price at 80?  Keeper at present.
Revenue, Earnings and return are good. Dividend increases are good.  Accruals look shady, but do not seem to affect the price. Profit margin thin, but Roe is good.
AP  2005.  This stock seems to be doing well.  There are still a number of buy ratings on it.  TDNewCrest does not follow it. Made IRR since 2000 of 19%
Still of the opinion that this is not a good long term stock.  I bought only because the price when very low.  It is still a sell.
Controlling shareholder is Martha Billes.  She has 3.8%, but has 61.4% voting control.
AP 2004.  There is 6 buy ratings and 3 holds on this stock. Stock is doing much better and I will hold for now. From Big Chart.  TD does not follow this stock 
2003.  I am still concerned about this stock. 
Martha Gardner Billes owns controlling shares in this company.   There are voting shares (CTC)  and non-voting (CTC.A) shares.
Sector:
Consumer Discretionary
What should this stock accomplish?
You would buy this stock for diversification reasons.  There may be volatility in this stock, especially concerning Earnings and Cash Flow. 
You should buy it for both rising dividends and capital gain appreciation.  You should expect low dividend yield and moderate dividend growth.  
Would I buy this company and Why.
Yes, I think this is a good consumer discretionary stock.  It is a dividend growht stock.
Why am I following this stock. 
I own this stock.
Why I bought this stock.
In 2000 when I first bought this stock, it was on the Investment Reporter's list of conservative Canadian stocks. 
I bought stock for my trading account in 2009 because I have done well with it in my Pension Account and it was a consumer stock.
I have moved all my shares from my Pension Account to my Trading Account.  
Dividends
Dividends are paid quarterly, in cylce 3, which is in March, June, September and December.  The dividends are paid near the first of the month.  Dividends declared for shareholders of one month are paid two months later.
For example, the dividend declared November 8, 2012 payable to shareholders of record of January 31, 2013 are paid on March 1, 2013.
Misson Statement or closes thing I can find.
What I am looking for is a statement that the company wants to do well by their customers, employees, and community and and thereby earn shareholders a reasonable return.
For customers For more than 90 years, Canadian Tire Corporation (CTC) has been providing customers with everything they need for life in Canada. 
For employees Canadian Tire is a place where you can truly make a difference in the lives of Canadians, perform at your best, and be recognized for your achievements.
For community  Like a good neighbour, helping Canadians with whatever life happens to throw at them is what we do. 
For investors Reasons to invest in CTC: Strong competitive advantage. Extensive reach and scale. Investing in retail leadership. Consistent financial performance.
How they make their money
Canadian Tire is a leading general merchandise retailer.  The retailer boasts a wide array of owned and affiliated banners that include its iconic namesake brand, Mark's, Sport Chek, 
Sports Experts, PartSource, Party City, and Helly Hansen. The firm also offers a loyalty program with 11 million members and owns a financial services arm that manages a 
credit card portfolio for its more than 2 million active users.   
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.  
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
Shares; '%, Value $M %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Change
Date 2017 Mar 4 2018 Mar 6 2019 Mar 7 2020 Mar 12 2021 Mar 15 2022 Mar 12 2023 Mar 12 2024 Feb 21 2025
Hicks, Gregory Hubert 0.004 0.01% 0.007 0.01% 0.007 0.01% 0.011 0.02% 0.013 0.02% 14.36%
CEO - Shares - Amount $0.792 $0.964 $0.999 $1.711 $1.845
Options - percentage 0.146 0.24% 0.154 0.27% 0.182 0.33% 0.183 0.33% 0.290 0.52% 59.01%
Options - amount $26.374 $21.844 $25.580 $27.614 $41.406
Wetmore, Stephen Gerald 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% CEO 2019, 2020
CEO- Shares - Amount $0.000 $0.000 $0.000 $0.000 was CEO, now director
Options - percentage 0.12% 0.105 0.17% 0.169 0.28% 0.140 0.23% not found now
Options - amount $12.868 $14.972 $23.705 $23.438
Craig, Gregory George 0.007 0.01% 0.011 0.02% 0.012 0.02% 0.012 0.02% 0.013 0.02% 1.38% 0.02% A Site says CFO 2020 9.16%
CFO - Shares - Amount $1.226 $1.977 $1.649 $1.640 $1.906 $1.961 A
Class C Shares 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% C 0.00%
Class C - amount $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 C
Options - percentage 0.045 0.07% 0.080 0.13% 0.086 0.15% 0.100 0.18% 0.103 0.19% 0.122 0.22% 18.52%
Options - amount $7.463 $14.444 $12.211 $14.077 $15.590 $17.424
Damiani, Elizabeth Camilla 0.000 0.00% 0.000 0.00% A 33.33%
CFO - Shares - Amount $0.045 $0.057 A
Options - percentage 0.005 0.01% 0.035 0.06% 546.65%
Options - amount $0.821 $5.005
Christie, James Robert 0.01% 0.008 0.01% 0.008 0.01% 0.009 0.01% 0.010 0.02% 0.010 0.02% 0.010 0.02% 0.011 0.02% Last filing Sep 2024
Officer - Shares - Amount $0.951 $1.075 $1.084 $1.426 $1.724 $1.445 $1.437 $1.673
Class C Shares 0.12% 0.000 0.00% 0.098 0.16% 0.095 0.16% 0.127 0.21% 0.068 0.12% 0.078 0.14% 0.089 0.16%
Class C - amount $12.868 $0.000 $13.694 $15.879 $22.987 $9.584 $11.022 $13.434
Flood, Thomas Joseph (TJ) 0.006 0.01% 0.007 0.01% A 15.48%
Officer - Shares - Amount $0.958 $1.043 A
Options - percentage 0.042 0.08% 0.072 0.13% 72.52%
Options - amount $6.341 $10.317
Anderson, Robert James 0.003 0.00% 0.004 0.01% 0.002 0.00% Last filing Dec 2024
Officer - Shares - Amount $0.396 $0.563 $0.302
Options - percentage 0.000 0.00% 0.000 0.00% 0.000 0.00%
Options - amount $0.000 $0.000 $0.000
Billes, Martha Gardiner 1.20% 0.756 1.27% 0.756 1.30% 0.756 1.32% 0.756 1.26% 0.756 1.31% 0.756 1.36% 0.756 1.36% 0.756 1.36% A 0.00%
Director - Shares - Amount $123.881 $107.888 $105.779 $126.474 $136.693 $106.951 $106.361 $114.297 $107.782 A
Class C Shares 61.38% 2.101 61.38% 2.101 61.38% 2.101 61.38% 2.101 61.38% 2.101 61.38% 2.101 61.38% 2.101 61.38% 2.101 70.04% C 0.00%
Class C - amount $485.597 $443.549 $370.328 $437.039 $719.077 $525.266 $546.299 $415.082 $472.549 C
Options - percentage 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000
Frazier, Steve 0.004 0.01% 0.004 0.01% 0.005 0.01% 12.50%
Director - Shares - Amount $0.535 $0.665 $0.706
Options - percentage 0.000 0.00% 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $0.000 $0.000 $0.000
Owens, J. Michael 0.002 0.00% 0.004 0.01% 0.004 0.01% 0.004 0.01% Chair in 2023 0.00%
Chairman - Shares - Amt $0.218 $0.563 $0.605 $0.570
Options - percentage 0.001 0.00% 0.002 0.00% 0.004 0.01% 0.006 0.01% 64.88%
Options - amount $0.089 $0.272 $0.534 $0.830
Sabia, Maureen Joanne 0.01% 0.005 0.01% 0.005 0.01% 0.005 0.01% 0.005 0.01% 0.005 0.01% 0.005 0.01% #DIV/0!
Chairman - Shares - Amt $0.833 $0.725 $0.708 $0.850 $0.919 $0.719 $0.715
Options - percentage 0.00% 0.002 0.00% 0.002 0.00% 0.002 0.00% 0.003 0.00% 0.003 0.00% 0.003 0.00% #DIV/0!
Options - amount $0.377 $0.334 $0.335 $0.412 $0.460 $0.369 $0.367
C.T.C. Dealer Holdings Limited 0.34% 0.213 0.36% 0.213 0.37% 0.213 0.38% A Last updated in Jun 2014 #DIV/0!
10% Holder $34.894 $30.389 $30.125 $29.959 A
Class C Shares 20.56% 0.704 20.56% 0.704 1.22% 0.704 20.56% C #DIV/0!
Class C - amount $162.652 $148.569 $99.585 $182.984 C
#DIV/0!
Lynar, Hugh A Not an isider after Dec 2016
10% Holder A
Class C Shares C
Class C - amount C
Sun Life Assurance A Filed 2012
Class A - Amount A Not on MS ownership list '22
Sun Life Trust A Probably same as above
Class A - Amount A Not on MS ownership list '22
Increase in O/S Shares 0.00% 0.000 0.00% 0.240 0.36% 0.135 0.22% 0.135 0.22% 0.768 1.28% 0.211 0.36% 0.337 0.61% 0.117 0.21% looked at stock options
due to SO $0.000 $0.000 $39.264 $18.883 $22.509 $138.972 $29.795 $87.515 $17.721 exercised
Book Value $0.000 $0.000 $28.381 $16.336 $21.359 $98.783 $22.777 $34.541 $10.580
Insider Buying -$0.609 -$0.230 -$1.069 -$0.058 -$0.342 -$0.802 -$0.956 -$0.535 -$0.342
Insider Selling $1.189 $0.000 $0.355 $0.000 $0.000 $0.008 $0.000 $0.000 $0.000
Net Insider Selling $0.580 -$0.230 -$0.714 -$0.058 -$0.342 -$0.794 -$0.956 -$0.535 -$0.342
% of Market Cap 0.01% 0.00% -0.01% 0.00% 0.00% -0.01% -0.01% -0.01% 0.00%
Directors 16 16 16 16 16 16 16 16
Women 19% 3 19% 3 19% 4 25% 4 25% 4 25% 3 19% 6 38% 6 38%
Minorities 0% 0 0% 0 0% 0 0% 0 0% 0 0% 2 13% 2 13% 3 19%
Institutions/Holdings 33.00% 235 23.51% 3 29.55% 20 18.62% 20 24.78% 20 18.58% 6 0.02% 5 0.01% 20 12.51%
Total Shares Held 1.70% 14.766 23.48% 0.000 0.00% 11.474 18.65% 15.067 25.05% 11.173 19.36% 0.009 0.02% 0.005 0.01% 6.960 12.51%
Increase/Decrease 0.00% -0.185 -1.24% -0.185 -100.00% 0.036 0.32% -0.369 -2.39% -0.009 -0.08% -0.111 -92.67% -0.002 -28.66% -0.153 -2.15% Yes 0
Starting No. of Shares 14.951 Reuters 0.185 11.437 Top 20 MS 15.436 Top 20 MS 11.182 Top 20 MS 0.120 Top 20 MS 0.008 Top 20 MS 7.113 Top 20 MS
Institutions/Holdings 383 51.63% A
Value $4,197.850 A
Total Shares Held 16.000 27.54% A
Value $2,239.200 A
Increase/Decrease 3 Mths -1.000 -5.88% A
Starting No. of Shares 17.000 Moringstar
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