George Weston Limited
George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates in two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, corporate and franchise-owne…
George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates in two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, corporate and franchise-owned retail food, and associate-owned drug stores, including in-store pharmacies, health care services, health and beauty products, apparel, and other general merchandise. This segment offers credit card and banking services, guaranteed investment certificates, loyalty program, insurance brokerage services, and telecommunication services. The Choice Properties segment owns, develops, and manages commercial and residential properties, which are leased to necessity-based tenants and logistics providers. The company markets its products under the Shoppers Drug Mart, Joe Fresh, President's Choice Bank, PC Financial, no name, Farmer's Market, T&T, Life Brand, and PC Optimum brands. The company was founded in 1882 and is based in Toronto, Canada. George Weston Limited is a subsidiary of Wittington Investments, Limited.Priced within the modelled range
5-year outlook: Not shown because confidence is low: Earnings-based DCF disagrees strongly.
Other models: CAD 41.52–192.27 (median 128.03). The recommended value is in line with them.
Why: Free cash flow is positive and in line with earnings, and the dividend is small, so a cash-flow DCF fits best.
Details and the full model are below.
Market price within modeled range
Free-cash-flow DCF using TTM through 30 Jun 2026 reported free cash flow, with cash, debt, and shares from the latest report. Base assumptions are 4.98% growth, 2.4% terminal growth, and 9.2% discount. Low/high cases vary growth by 2 and terminal growth/discount by 1 percentage point; this illustrative range is not a statistical confidence interval or investment advice.
Assumptions: growth 4.98%, discount rate 9.20%, terminal growth 2.40% (sector defaults). See a worked example.
Blended growth assumption: 5.0% (sector default 5.3%, own revenue history 4.7%).
Adjust assumptions
Why this model: Free cash flow is positive and in line with earnings, and the dividend is small, so a cash-flow DCF fits best.
Compare models- Recommended: Free-cash-flow DCF — CAD 148.70 (+35.5%)
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EPS-based Gordon proxy
— CAD 41.52 (-62.2%)
Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
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DCF (trailing free cash flow)
— CAD 148.70 (+35.5%)
Not used: Free cash flow is 4.3x net income, which usually means costs such as lease payments sit outside operating cash flow, so it may be overstated.
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FCFF (steady state)
— CAD 128.03 (+16.7%)
Not used: Free cash flow is 4.3x net income, which usually means costs such as lease payments sit outside operating cash flow, so it may be overstated.
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EV/EBITDA (12x)
— CAD 192.27 (+75.2%)
Not used: Used only when free cash flow is far below earnings even after averaging three years; a fixed 12x multiple also ignores sector differences.
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Fade DCF (10-year growth fade)
— CAD 147.99 (+34.9%)
Not used: Free cash flow is 4.3x net income, which usually means costs such as lease payments sit outside operating cash flow, so it may be overstated.
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EV/Sales (Rule of 40)
— CAD 525.54 (+379.0%)
Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
| Bear CAD 95.68 | -14.7% |
| Base CAD 148.70 | 26.2% |
| Bull CAD 247.26 | 55.6% |
Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.
At CAD 109.72 the market implies about this annual free-cash-flow growth for 5 years (terminal 2.4%, discount 9.2%).
Compare: the market implies -0.1% a year, this model assumes 5.0%. The model is more optimistic than the price, which is why it reads as undervalued.
How the Free-cash-flow DCF value changes with growth (rows) and discount rate (columns). Green cells are above the current price.
| Growth \ Discount | 7.2% | 8.2% | 9.2% | 10.2% | 11.2% |
|---|---|---|---|---|---|
| 1.0% | 186.39 | 145.98 | 117.46 | 96.24 | 79.84 |
| 3.0% | 208.46 | 163.94 | 132.51 | 109.15 | 91.09 |
| 5.0% | 232.24 | 183.26 | 148.70 | 123.02 | 103.18 |
| 7.0% | 257.82 | 204.03 | 166.09 | 137.91 | 116.14 |
| 9.0% | 285.29 | 226.33 | 184.75 | 153.87 | 130.03 |
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
No chartable saved daily price history is available for this range. The chart uses stored EODHD prices only and will appear after history is saved.
More detail: quality, peers, price history, dividends and financials
Quality score: 72 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 5 of 5 years profitable | 20 / 20 |
| Cash generation | free cash flow positive in 5 of 5 years | 20 / 20 |
| Growth | revenue +3.4% a year | 12 / 20 |
| Balance sheet | net debt 2.4x EBITDA | 10 / 20 |
| Margins | EBITDA margin 12% | 10 / 20 |
Peers in Consumer Staples
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| WN.TO (this company) | CAD 109.72 | 26.2% | 39.8 | 9.1 | 1.2% | 72 |
| ORK.OL Orkla ASA | NOK 103.30 | 31.4% | 14.7 | 2.4 | 9.7% | 82 |
| KHC Kraft Heinz | USD 25.32 | 25.2% | – | 0.8 | 6.3% | 36 |
| CA.PA Carrefour SA | EUR 13.59 | 24.1% | 29.1 | 0.8 | 8.7% | 72 |
| ABF.L Associated British Foods plc | GBP 19.83 | 19.1% | 15.0 | 1.2 | 3.2% | 82 |
| ADM Archer Daniels Midland | USD 70.47 | 16.8% | 13.7 | 1.4 | 3.0% | 64 |
| AXFO.ST Axfood AB | SEK 281.90 | 8.5% | 24.8 | 8.1 | 3.1% | 70 |
| DLTR Dollar Tree | USD 137.94 | 0.3% | 16.3 | 7.7 | – | 72 |
| CCH.L Coca-Cola HBC AG | GBP 41.18 | -0.8% | 19.4 | 4.7 | 2.1% | 90 |
| Peer median | 16.3 | 1.9 | ||||
Dividends
Paid in the last 12 months: CAD 1.24 per share · yield 1.13% at the current price.
| Year | Dividends per share |
|---|---|
| 2026 (so far) | 0.942 |
| 2025 | 1.167 |
| 2024 | 1.058 |
| 2023 | 0.933 |
| 2022 | 0.860 |
| 2021 | 0.767 |
Trailing 12-month financials
TTM through 30 Jun 2026 · quarterly EODHD data · data downloaded 06 Nov 2026 12:29
| Revenue | CAD 65,243,000,000 |
|---|---|
| EBITDA | CAD 7,591,000,000 |
| EBIT | CAD 5,267,000,000 |
| Net income | CAD 1,040,000,000 |
| Free cash flow | CAD 4,440,000,000 |
| Capital expenditures | CAD 2,079,000,000 |
| Debt | CAD 19,861,000,000 |
| Cash | CAD 1,294,000,000 |
| Working capital | CAD 663,000,000 |
| Shares outstanding | 377,200,000 |
| Reported dividends per share | CAD 1.3309 |