Canadian Tire Corporation, Limited (CTC-A.TO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-0.9%

CA$202.52

vs CA$204.34 price

Levered DCF

-CA$8.58

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

1.97

Grey zone

Rating

B-

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	16.32×	9.47×	37.13×	7.99×	9.78×	13.55×	11.09×	13.38×
P/B	1.61×	1.37×	1.43×	1.49×	2.15×	2.26×	2.06×	2.12×
P/S	0.58×	0.51×	0.48×	0.47×	0.68×	0.69×	0.59×	0.66×
EV / EBITDA	9.45×	7.65×	7.74×	5.9×	6.2×	7.26×	7.63×	8.38×
Gross margin	33.0%	34.4%	34.2%	32.2%	33.6%	32.1%	31.4%	31.2%
Operating margin	8.6%	12.7%	12.5%	14.8%	11.9%	10.2%	10.1%	9.2%
Net margin	3.5%	5.4%	1.3%	5.9%	6.9%	5.1%	5.4%	4.9%
Current ratio	1.83×	1.79×	1.77×	1.61×	1.72×	2.03×	1.66×	1.76×
Debt / equity	1.67×	1.28×	1.59×	1.37×	1.38×	1.59×	1.86×	1.28×
Interest coverage	4.26×	5.28×	5.75×	10.44×	8.22×	5.58×	5×	7.99×
Dividend yield	3.8%	4.3%	4.6%	3.9%	2.5%	2.6%	2.8%	2.4%
Payout ratio	62.5%	40.5%	169.2%	31.2%	24.0%	35.0%	31.2%	32.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	9.9%	14.4%	3.8%	18.6%	22.0%	16.7%	18.6%	15.9%
Return on invested capital	6.1%	9.1%	6.8%	11.3%	8.7%	6.8%	7.0%	6.9%
Return on assets	2.7%	4.0%	1.0%	4.7%	5.2%	3.7%	4.0%	4.0%
Free cash flow yield	3.9%	17.7%	9.8%	-1.7%	10.0%	21.0%	7.6%	4.2%
Earnings yield	6.1%	10.6%	2.7%	12.5%	10.2%	7.4%	9.0%	7.5%
Enterprise value	CA$18.6B	CA$15.9B	CA$16.4B	CA$15.8B	CA$16.4B	CA$16.1B	CA$16.3B	CA$14.4B
Net debt / EBITDA	4.67×	3.59×	4.01×	2.78×	2.03×	2.65×	3.58×	2.99×
Cash conversion cycle (days)	183	179	190	173	151	161	175	166