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Home CompaniesEmpire Company Limited

Empire Company Limited

Consumer Defensive Grocery Stores
PortfolioPortfolio WatchlistWatchlist
Company price
50.11 CAD 0.56 ( 1.13%)
Last update at 2026-11-04T14:51:00Z
VOLUME
13107
Market Cap
8704.12M
P/E
11.89

Momentum Score

…

Empire Company Limited, together with its subsidiaries, engages in the food retail and related real estate businesses in Canada. It operates through two segments, Food Retailing, and Investments and Other Operations. The company owns, affiliates, and franchises retail stores under various retail banners, including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Farm Boy, Longo's, and Lawtons Drugs; and operates grocery e-commerce stores under the banners, such as Voilà, Grocery Gateway, IGA.net, and ThriftyFoods.com. It also owns interest in the Crombie Real Estate Investment Trust, an open-ended real estate investment trust to own, operate, and develop a portfolio of grocery and pharmacy-anchored shopping centers, freestanding stores, and mixed-use developments; and various equity accounted interests in Genstar partnerships that develop residential real estate properties in Ontario, Western Canada, and the United States. Empire Company Limited was founded in 1907 and is headquartered in Stellarton, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
49.80
Low
50.27
High
52 Week Price Range
32.57
Low
40.48
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Empire Company Limited is a Canadian food retailer and related real estate operator, owning national and regional grocery banners including Sobeys. Long-term growth may be driven by stable food demand, population gains, e-commerce expansion and supply-chain scale that could support steady cash flows.
Major risks include intense competition from national and discount retailers that can compress margins, exposure to food commodity and supply‑chain volatility, labour and regulatory costs, and execution risk in scaling online and private‑label initiatives.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
49.55
Dividend Yield
2.06%
Revenue TTM
30800.10M
Revenue Per Share
121.49
Gross Profit TTM
7896.50M
Debt / Equity
1.49
ROE
14.59%
Net Debt
864.00M
ROCE
9.46%
Diluted EPS TTM
2.96

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-04-30 2022-04-30 2021-04-30 2020-04-30 2019-04-30
Type yearly yearly yearly yearly yearly
Date 2023-04-30 2022-04-30 2021-04-30 2020-04-30 2019-04-30
Income before tax 965.40M 1081.60M 1030.10M 832.70M 560.70M
Minority interest -41.70M -65.50M 125.30M 89.30M 79.70M
Net income 686.00M 745.80M 701.50M 583.50M 387.30M
Selling general administrative 6708.80M 6475.90M 6004.20M 5662.50M 5587.50M
Gross profit 7792.70M 7659.70M 7199.30M 6633.30M 6083.60M
Reconciled depreciation 1030.60M 967.10M 844.30M 780.60M 417.20M
Ebit 1194.40M 1363.70M 1299.50M 1111.80M 652.30M
Ebitda 2280.00M 2324.40M 2126.20M 1861.80M 1011.80M
Depreciation and amortization - 960.70M 826.70M 750.00M 359.50M
Operating income 1082.50M 1363.70M 1299.50M 1111.80M 652.30M
Other operating expenses - 28980.50M 27075.50M 25620.40M 24651.60M
Interest expense 284.00M 301.90M 292.80M 303.80M 86.50M
Tax provision 237.70M 270.30M 265.90M 219.90M 144.30M
Interest income 24.00M 26.40M 29.90M 33.00M 8.90M
Net interest income -267.80M -282.10M -273.30M -282.70M -95.30M
Income tax expense - 270.30M 265.90M 219.90M 144.30M
Total revenue 30478.10M 30162.40M 28268.30M 26588.20M 25142.00M
Total operating expenses 29395.60M 6477.80M 6006.50M 5665.50M 5593.20M
Cost of revenue 22685.40M 22502.70M 21069.00M 19954.90M 19058.40M
Total other income expense net 150.70M -282.10M -269.40M -279.10M -91.60M
Net income from continuing ops 727.70M 811.30M 764.20M 612.80M 416.40M
Net income applicable to common shares - 745.80M 701.50M 583.50M 387.30M
Breakdown 2023-04-30 2022-04-30 2021-04-30 2020-04-30 2019-04-30
Type yearly yearly yearly yearly yearly
Date 2023-04-30 2022-04-30 2021-04-30 2020-04-30 2019-04-30
Total assets 16483.70M 16593.60M 15173.90M 14632.90M 9602.40M
Intangible assets 1375.60M 1338.50M 976.00M 968.80M 1062.00M
Other current assets - 127.60M 104.40M 119.20M 19.50M
Total liab 11147.00M 11459.70M 10675.90M 10619.00M 5519.40M
Total stockholder equity 5200.40M 4991.50M 4372.70M 3924.60M 4003.30M
Deferred long term liab - - - 0.70M 2.10M
Other current liab - 160.30M 77.10M 71.90M 148.40M
Common stock 1915.50M 2026.10M 1969.80M 2013.20M 2042.60M
Capital stock 1914.70M 2026.10M 1969.80M 2013.20M 2042.60M
Retained earnings 3216.00M 2914.20M 2363.10M 1872.10M 1920.80M
Other liab - 848.40M 591.30M 653.80M 853.70M
Good will 2067.80M 2059.00M 1577.80M 1573.70M 1571.50M
Other assets - 1139.70M 1192.40M 1298.60M 820.30M
Cash 221.30M 812.30M 890.50M 1008.40M 553.30M
Total current liabilities 3857.50M 4239.70M 3488.20M 4060.00M 2681.30M
Net debt 864.00M 6649.80M 6242.90M 5933.00M 1467.60M
Short term debt - 1090.50M 537.00M 1036.20M 36.50M
Short long term debt 174.00M 581.00M 46.50M 570.00M 36.50M
Short long term debt total - 7462.10M 7133.40M 6941.40M 2020.90M
Other stockholder equity 18.80M 37.20M 25.20M 23.20M 25.20M
Property plant equipment - 8158.90M 7656.50M 6916.90M 2911.50M
Total current assets 2955.00M 3212.70M 3193.50M 3255.50M 2639.50M
Long term investments 701.90M 684.80M 577.70M 619.40M 589.40M
Net tangible assets - 1594.00M 1818.90M 1382.10M 1369.80M
Net receivables 683.40M 681.30M 698.50M 638.50M 490.80M
Long term debt 911.30M 595.70M 1178.80M 1105.20M 1984.40M
Inventory 1743.30M 1591.50M 1500.10M 1489.40M 1441.80M
Accounts payable 3028.60M 2988.90M 2874.10M 2951.90M 2496.40M
Accumulated other comprehensive income - 14.00M 14.60M 16.10M 14.70M
Non currrent assets other 26.30M 714.30M 717.50M 711.60M 214.20M
Non current assets total 13528.70M 13380.90M 11980.40M 11377.40M 6962.90M
Capital lease obligations 6184.60M 6285.40M 5908.10M 5266.20M -
Breakdown 2023-04-30 2022-04-30 2021-04-30 2020-04-30 2019-04-30
Type yearly yearly yearly yearly yearly
Date 2023-04-30 2022-04-30 2021-04-30 2020-04-30 2019-04-30
Investments -684.70M -124.50M -124.50M -41.50M -41.50M
Change to liabilities 0.00M 0.00M 0.00M 0.00M 0.00M
Total cashflows from investing activities - -891.40M -502.30M -376.30M -1094.00M
Net borrowings - -568.20M -870.90M -709.60M 353.10M
Total cash from financing activities -1511.60M -1293.90M -1475.20M -1258.00M 133.80M
Change to operating activities - -46.80M -80.90M 279.30M 16.50M
Net income 686.00M 811.30M 764.20M 612.80M 416.40M
Change in cash -591.00M -78.20M -117.90M 455.10M -74.60M
Begin period cash flow 812.30M 890.50M 1008.40M 553.30M 627.90M
End period cash flow 221.30M 812.30M 890.50M 1008.40M 553.30M
Total cash from operating activities 1605.30M 2107.10M 1859.60M 2089.40M 885.60M
Depreciation 954.80M 967.10M 844.30M 780.60M 417.20M
Other cashflows from investing activities - -15.00M 10.10M 12.10M 17.50M
Dividends paid 170.20M 156.80M 139.40M 129.70M 119.50M
Sale purchase of stock -350.00M -248.90M -153.60M -100.00M -0.10M
Other cashflows from financing activities - -225.40M -224.90M -237.90M 858.60M
Change to netincome - 439.20M 392.50M 442.80M 62.80M
Capital expenditures 757.70M 780.30M 659.10M 617.80M 434.60M
Change in working capital -307.40M -46.80M -80.90M 279.30M 19.30M
Stock based compensation 17.30M 14.60M 11.80M 6.20M 6.70M
Other non cash items 268.60M 90.60M 54.30M 190.60M -118.30M
Free cash flow 847.60M 1326.80M 1200.50M 1471.60M 451.00M

Peer Comparison*

Sector: Consumer Defensive Industry: Grocery Stores

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)
EMP-A
Empire Company Limited		 0.56
1.13%		 50.11 11.89 11.17 0.28 1.63 0.51 6.52
L
Loblaw Companies Limited		 0.38
0.54%		 69.69 29.49 23.81 1.14 6.56 1.36 12.13
WN
George Weston Limited		 0.91
0.84%		 109.66 36.80 19.84 0.57 8.15 0.86 7.75
MRU
Metro Inc.		 -0.42
0.43%		 97.76 20.41 17.95 0.89 2.80 1.10 11.78
WN-PA
George Weston Prf		 0.13
0.52%		 25.30 6.97 - 0.23 - - -

Profile*

Empire Company Limited

Empire Company Limited, together with its subsidiaries, engages in the food retail and related real estate businesses in Canada. It operates through two segments, Food Retailing, and Investments and Other Operations. The company owns, affiliates, and franchises retail stores under various retail banners, including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Farm Boy, Longo's, and Lawtons Drugs; and operates grocery e-commerce stores under the banners, such as Voilà, Grocery Gateway, IGA.net, and ThriftyFoods.com. It also owns interest in the Crombie Real Estate Investment Trust, an open-ended real estate investment trust to own, operate, and develop a portfolio of grocery and pharmacy-anchored shopping centers, freestanding stores, and mixed-use developments; and various equity accounted interests in Genstar partnerships that develop residential real estate properties in Ontario, Western Canada, and the United States. Empire Company Limited was founded in 1907 and is headquartered in Stellarton, Canada.

115 King Street, Stellarton, NS, Canada, B0K 1S0

902 752 8371

https://www.empireco.ca

131000

Name Title Year Born
Mr. Michael Bennett Medline Pres, CEO & Director 1963
Mr. Matt Reindel Exec. VP & CFO NA
Mr. Pierre St-Laurent Exec. VP & COO NA
Mr. Simon Gagné Exec. VP & Chief HR Officer NA
Mr. Vivek Sood Exec. VP of Related Bus.es NA
Katie Brine Director of Investor Relations NA
Mr. Douglas B. Nathanson Exec. VP, Chief Devel. Officer & Gen. Counsel NA
Jacquelin Weatherbee VP of Communications & Corp. Affairs NA
Ms. Sandra Sanderson Sr. VP of Marketing NA
Adam Sheparski Sr. VP of Fin. NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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