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Alimentation Couche-Tard Inc. operates and licenses convenience stores in North America, Europe, and Asia. It offers cigarette products and other nicotine products, beverages, beer, wine, fresh food offerings comprising quick service restaurants, candy and snacks, grocery items, and car wash and other services; road transportation fuels and operates electric vehicles charging stations; sells energy for stationary engines and aviation fuels; sells lottery tickets, and calling and gift cards; and automatic teller machines. The company operates its convenience stores chain under various banners, including Circle K, Couche-Tard, Holiday, and Ingo. In addition, it operates and licenses stores operated under the Circle K banner in Egypt, Guam, Guatemala, Honduras, Indonesia, Macau, Mexico, New Zealand, Saudi Arabia, South Africa, Tanzania, the United Arab Emirates, and Vietnam. The company was formerly known as Actidev Inc. and changed its name to Alimentation Couche-Tard Inc. in December 1994. Alimentation Couche-Tard Inc. was founded in 1980 and is headquartered in Laval, Canada.
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Alimentation Couche-Tard runs a global convenience-store and fuel retail network under Circle K across North America, Europe and parts of Asia. Long-term growth may be driven by network expansion, digital loyalty and operational scale that could support margin and cash-flow improvement.
Material risks include fuel-price and commodity margin volatility, intense retail competition, integration risk from acquisitions, currency and regulatory exposure related to environmental rules, and sensitivity to consumer spending and labor costs.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 |
| Income before tax | 3322.10M | 3448.10M | 3929.10M | 3417.60M | 3359.10M |
| Minority interest | -12.00M | -2.50M | - | - | 0.00M |
| Net income | 2580.40M | 2729.70M | 3090.90M | 2683.30M | 2705.50M |
| Selling general administrative | 7123.80M | 6507.10M | 6348.10M | 5884.50M | 5137.60M |
| Gross profit | 13021.30M | 12097.90M | 12052.10M | 11004.80M | 10115.30M |
| Reconciled depreciation | 2111.80M | 1765.30M | 1533.50M | 1549.90M | 1363.60M |
| Ebit | 3790.60M | 3829.30M | - | 3678.50M | 3675.60M |
| Ebitda | 5280.10M | 5024.50M | 5815.50M | 5138.30M | 5030.40M |
| Depreciation and amortization | 1489.50M | 1195.20M | - | 1459.80M | 1354.80M |
| Operating income | 3806.10M | 3810.20M | 4232.00M | 3678.50M | 3675.60M |
| Other operating expenses | 69050.70M | 65453.30M | - | 59235.30M | 42152.30M |
| Interest expense | 660.66M | 536.32M | 352.90M | 304.30M | 330.60M |
| Tax provision | 729.70M | 715.90M | 838.20M | 734.30M | 653.60M |
| Interest income | 435.80M | 150.80M | 271.60M | 15.20M | 261.00M |
| Net interest income | -504.00M | -384.70M | -261.50M | -310.60M | -297.60M |
| Income tax expense | 729.70M | 715.90M | - | 734.30M | 653.60M |
| Total revenue | 72856.80M | 69263.50M | 71856.70M | 62809.90M | 45760.10M |
| Total operating expenses | 9215.20M | 8287.70M | 67711.20M | 7430.20M | 6507.50M |
| Cost of revenue | 59835.50M | 57165.60M | 59804.60M | 51805.10M | 35644.80M |
| Total other income expense net | -484.00M | -362.10M | 45.10M | -260.90M | -316.50M |
| Net income from continuing ops | 2592.40M | 2732.20M | 3090.90M | 2683.30M | 2705.50M |
| Net income applicable to common shares | 2580.40M | 2729.70M | 3090.90M | 2683.30M | 2705.50M |
| Breakdown | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 |
| Total assets | 38301.90M | 36942.10M | 29049.20M | 29591.60M | 28394.50M |
| Intangible assets | 1156.40M | 1185.80M | 762.20M | 687.50M | 716.90M |
| Other current assets | 5.70M | 153.70M | 13.80M | 175.60M | 450.20M |
| Total liab | 23208.60M | 23640.70M | 16484.70M | 17154.00M | 16213.60M |
| Total stockholder equity | 14946.80M | 13189.20M | 12564.50M | 12437.60M | 12180.90M |
| Other current liab | 352.80M | 54.20M | 0.80M | 1873.90M | 1845.40M |
| Common stock | 642.50M | 644.70M | 614.70M | 639.90M | 670.60M |
| Capital stock | 642.50M | 644.70M | 614.70M | 639.90M | 670.60M |
| Retained earnings | 15134.30M | 13616.90M | 12934.60M | 12521.00M | 12017.80M |
| Other liab | - | - | - | 2089.40M | 2109.00M |
| Good will | 9563.70M | 9568.20M | 6621.50M | 6094.10M | 5946.30M |
| Other assets | 461.60M | - | 302.20M | 451.00M | 415.10M |
| Cash | 2263.00M | 1309.00M | 834.20M | 2143.90M | 3015.80M |
| Cash and equivalents | 2263.00M | - | 834.20M | 2143.90M | 3015.80M |
| Total current liabilities | 7617.30M | 7828.20M | 5165.00M | 6017.40M | 5949.70M |
| Current deferred revenue | - | 1631.20M | - | - | 1726.90M |
| Net debt | 7204.00M | 13162.70M | 5054.80M | 7296.00M | 6586.20M |
| Short term debt | 0.00M | 1570.40M | 0.00M | 426.80M | 1526.70M |
| Short long term debt | 690.20M | 1066.80M | 0.70M | 1.40M | 1107.30M |
| Short long term debt total | - | 14471.70M | - | 9439.90M | 9602.00M |
| Other stockholder equity | -858.30M | 23.20M | -1015.20M | 25.80M | 23.60M |
| Property plant equipment | 19201.30M | - | 15258.10M | 14588.40M | 13939.20M |
| Total current assets | 7527.80M | 7477.20M | 5669.60M | 7328.30M | 7121.90M |
| Long term investments | 309.80M | 351.50M | 384.20M | 476.40M | 275.20M |
| Net tangible assets | - | - | - | 5656.00M | 5517.70M |
| Short term investments | 50.70M | 559.20M | 95.00M | 23.10M | 11.00M |
| Net receivables | 1755.60M | 3122.20M | 1569.80M | 2582.70M | 1877.30M |
| Long term debt | 8776.80M | 9226.50M | 5888.30M | 5963.60M | 5282.60M |
| Inventory | 2188.60M | 2333.10M | 2176.00M | 2403.00M | 1767.60M |
| Accounts payable | 4157.10M | 4572.40M | 3181.70M | 3716.70M | 2577.60M |
| Accumulated other comprehensive income | - | -1095.60M | - | -749.10M | -531.10M |
| Non currrent assets other | 15.70M | 374.50M | 23.10M | 367.40M | 334.40M |
| Non current assets total | 30774.10M | 29464.90M | 23379.60M | 22263.30M | 21272.60M |
| Capital lease obligations | 4489.30M | 4178.40M | 3576.90M | 3474.90M | 3212.10M |
| Long term debt total | 12742.20M | - | 9027.10M | 9013.10M | 8075.30M |
| Breakdown | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 |
| Investments | -1584.10M | -6603.90M | -2275.60M | -196.70M | 51.00M |
| Change to liabilities | - | - | 0.00M | 1203.30M | 762.00M |
| Total cashflows from investing activities | -1604.05M | -6526.83M | -2275.60M | -1799.40M | -1385.60M |
| Net borrowings | -1448.30M | 3965.20M | - | -722.60M | -2114.80M |
| Total cash from financing activities | -2561.77M | 2178.28M | -3349.70M | -2951.10M | -3429.60M |
| Change to operating activities | - | - | - | -34.50M | 1.90M |
| Net income | 2604.67M | 2696.13M | 3090.90M | 2683.30M | 2705.50M |
| Change in cash | 957.72M | 483.80M | -1309.70M | -871.90M | -625.70M |
| Begin period cash flow | 1312.18M | 841.28M | 2143.90M | 3015.80M | 3641.50M |
| End period cash flow | 2269.90M | 1325.08M | 834.20M | 2143.90M | 3015.80M |
| Total cash from operating activities | 5084.47M | 4757.96M | 4344.60M | 3944.90M | 4086.60M |
| Depreciation | 2159.32M | 1767.39M | 1463.70M | 1549.90M | 1363.60M |
| Other cashflows from investing activities | 513.89M | -498.10M | -471.80M | -15.90M | 4.60M |
| Dividends paid | -510.05M | -447.43M | 377.70M | 330.10M | 268.30M |
| Change to inventory | 178.46M | 20.35M | 202.80M | -639.20M | -490.50M |
| Change to account receivables | 333.20M | 109.04M | 106.50M | -838.80M | -358.00M |
| Sale purchase of stock | -543.36M | -1332.80M | -2387.20M | -1842.30M | -1046.70M |
| Other cashflows from financing activities | -567.08M | -473.01M | - | 934.00M | 0.20M |
| Change to netincome | - | - | 158.70M | 154.70M | 172.50M |
| Capital expenditures | 2348.48M | 1919.20M | 1803.80M | 1664.50M | 1222.20M |
| Change in working capital | 136.27M | 161.09M | -315.40M | -340.50M | -155.00M |
| Stock based compensation | - | - | - | - | -69.10M |
| Other non cash items | 35.33M | 73.58M | 49.70M | -4.50M | 112.50M |
| Free cash flow | 2735.99M | 2838.75M | 2540.80M | 2280.40M | 2864.40M |
Sector: Consumer Cyclical Industry: Specialty Retail
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| ATD Alimentation Couchen Tard Inc A |
1.39 1.70% |
83.16 | 19.96 | 18.05 | 1.00 | 3.39 | 0.92 | 10.32 |
| CTC Canadian Tire Corporation Limited |
0.78 0.35% |
221.00 | 20.83 | 14.79 | 0.71 | 1.92 | 1.06 | 8.75 |
| CTC-A Canadian Tire Corporation Limited |
7.07 3.49% |
209.75 | 14.98 | 9.98 | 0.49 | 1.59 | 0.93 | 8.38 |
| LNF Leon's Furniture Limited |
0.83 3.15% |
27.14 | 11.61 | 11.42 | 0.71 | 1.46 | 0.73 | 5.52 |
| PET Pet Valu Holdings Ltd |
0.43 2.02% |
21.69 | 15.17 | 12.44 | 1.24 | 14.78 | 1.89 | 8.97 |
Alimentation Couche-Tard Inc. operates and licenses convenience stores in North America, Europe, and Asia. It offers cigarette products and other nicotine products, beverages, beer, wine, fresh food offerings comprising quick service restaurants, candy and snacks, grocery items, and car wash and other services; road transportation fuels and operates electric vehicles charging stations; sells energy for stationary engines and aviation fuels; sells lottery tickets, and calling and gift cards; and automatic teller machines. The company operates its convenience stores chain under various banners, including Circle K, Couche-Tard, Holiday, and Ingo. In addition, it operates and licenses stores operated under the Circle K banner in Egypt, Guam, Guatemala, Honduras, Indonesia, Macau, Mexico, New Zealand, Saudi Arabia, South Africa, Tanzania, the United Arab Emirates, and Vietnam. The company was formerly known as Actidev Inc. and changed its name to Alimentation Couche-Tard Inc. in December 1994. Alimentation Couche-Tard Inc. was founded in 1980 and is headquartered in Laval, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Alain Bouchard | Co-Founder & Exec. Chairman | 1949 |
| Mr. Brian P. Hannasch | Pres, CEO & Director | 1967 |
| Mr. Jacques D'Amours | Co-Founder & Corp. Director | 1957 |
| Mr. Richard Fortin | Co-Founder & Corp. Director | 1949 |
| Mr. Real Plourde P.Eng. | Co-Founder & Corp. Director | 1951 |
| Mr. Claude Tessier B.A., CPA, CA, CPA | Exec. VP & CFO | 1964 |
| Mr. Kevin Andrew Lewis | Exec. VP & Chief Marketing Officer | 1971 |
| Mr. Timothy Alexander Miller | Exec. VP of Operations - North America & Global Commercial Optimization | 1973 |
| Ms. Karinne Bouchard C.P.A., M.Sc. | Global Head of Treasury, Treasurer & Director | 1979 |
| Mr. Edward Dzadovsky | Exec. VP & CTO | NA |
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