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Canadian Tire Corporation Stock

Canadian Tire Corporation P/S 2024

Canadian Tire Corporation P/S

0.46

Ticker

CTC.A.TO

ISIN

CA1366812024

WKN

858397

As of Sep 29, 2024, Canadian Tire Corporation's P/S ratio stood at 0.46, a -17.86% change from the 0.56 P/S ratio recorded in the previous year.

The Canadian Tire Corporation P/S history

Canadian Tire Corporation Aktienanalyse

What does Canadian Tire Corporation do?

Canadian Tire Corporation Ltd is one of the most well-known and largest retail companies in Canada. Since its establishment in 1922, the corporation has become an important part of the Canadian economy, offering a wide range of products and services to its customers. The company is headquartered in Toronto and operates over 1,700 stores in Canada. The company was founded in 1922 in Toronto as a small business for auto accessories and repairs. The founder, John W. Billes, had the idea to build a distribution chain for auto parts and accessories and opened his first store in Toronto. In the 1930s, Canadian Tire expanded its focus and added household products to its offerings. In the 1950s, the company went public and since then has undergone impressive growth. Canadian Tire has acquired several companies in the past and also opened new divisions to diversify its offerings for customers. Today, the company is the fourth largest retailer in Canada, supplying various sectors from auto parts to leisure items and household products. The business model of Canadian Tire is based on the idea of providing customers with a comprehensive selection of products and services. The company specializes in the sale of auto parts and accessories, offering a variety of products for cars and trucks including tires, batteries, motor oil, windshield wipers, car seats, stereo systems, and more. Canadian Tire also offers a wide range of household products such as furniture, household goods, appliances, and kitchenware. Sports equipment such as bicycles, camping gear, fitness equipment, and more are also available. The company is not only known for its product sales, but also offers various services for the whole family, including travel and financial services, as well as auto parts installation. Canadian Tire operates various business divisions that complement its offerings. The most well-known ones include the large retail company Canadian Tire, the online trading company SportChek, the prestigious clothing store Mark's, and the home improvement store Canadian Tire Home Hardware. These different business segments allow the company to reach a wider audience and meet the diverse needs and requirements of customers. The product range of Canadian Tire is extensive, offering a wide selection of products and brands. The company offers a range of well-known and reputable brands such as Michelin, Karcher, KitchenAid, Cuisinart, Coleman, Weider, and many more. Canadian Tire continuously expands its product range and also offers its own brands such as 'Mastercraft', 'Motomaster', 'Simoniz', and 'Greenworks'. These private labels have a large following within Canada and are known for their quality and good prices. In conclusion, Canadian Tire is a diversified retail company that offers a wide range of products and services for Canada. The company has an impressive history and continues to grow steadily. The sale of auto parts and accessories is an important part of the business model, but the company also offers a variety of household and leisure items. The different business divisions allow the company to meet the different needs and requirements of customers. With its various own brands known for their quality and fair prices, the company plays an important role in Canada and is a significant part of the Canadian economy. Canadian Tire Corporation ist eines der beliebtesten Unternehmen auf Eulerpool.com.

P/S Details

Decoding Canadian Tire Corporation's P/S Ratio

Canadian Tire Corporation's Price to Sales (P/S) Ratio is a crucial financial metric that measures the company's market valuation relative to its total sales revenue. It's calculated by dividing the company's market capitalization by its total sales over a specific period. A lower P/S ratio can indicate that the company is undervalued, while a higher ratio may suggest overvaluation.

Year-to-Year Comparison

Comparing Canadian Tire Corporation's P/S ratio yearly provides insights into how the market perceives the company’s value relative to its sales. An increasing ratio over time can indicate growing investor confidence, while a decreasing trend might reflect concerns about the company’s revenue generation capabilities or market conditions.

Impact on Investments

The P/S ratio is instrumental for investors evaluating Canadian Tire Corporation's stock. It offers insights into the company’s efficiency in generating sales and its market valuation. Investors use this ratio to compare similar companies within the same industry, aiding in selecting stocks that offer the best value for investment.

Interpreting P/S Ratio Fluctuations

Variations in Canadian Tire Corporation’s P/S ratio can result from changes in the stock price, sales revenue, or both. Understanding these fluctuations is crucial for investors to evaluate the company’s current valuation and future growth potential, aligning their investment strategies accordingly.

Frequently Asked Questions about Canadian Tire Corporation stock

What is the price-to-earnings ratio of Canadian Tire Corporation?

The price-earnings ratio of Canadian Tire Corporation is currently 0.46.

How has the price-earnings ratio of Canadian Tire Corporation changed compared to last year?

The price-to-earnings ratio of Canadian Tire Corporation has increased by -17.86% fallen (meaning "decreased" or "dropped") compared to last year.

What consequences does a high price-earnings ratio have for investors?

A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.

What does a low price-earnings ratio mean?

A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.

Is the price-earnings ratio of Canadian Tire Corporation high compared to other companies?

Yes, the price-to-earnings ratio of Canadian Tire Corporation is high compared to other companies.

How does an increase in the price-earnings ratio of Canadian Tire Corporation affect the company?

An increase in the price-earnings ratio of Canadian Tire Corporation would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.

How does a reduction in the price-to-earnings ratio of Canadian Tire Corporation affect the company?

A decrease in the price-earnings ratio of Canadian Tire Corporation would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.

What are some factors that influence the price-earnings ratio of Canadian Tire Corporation?

Some factors that influence the price-earnings ratio of Canadian Tire Corporation are the company's growth, financial position, industry development, and the overall economic situation.

How much dividend does Canadian Tire Corporation pay?

Over the past 12 months, Canadian Tire Corporation paid a dividend of 6.9 CAD . This corresponds to a dividend yield of about 4.28 %. For the coming 12 months, Canadian Tire Corporation is expected to pay a dividend of 7.86 CAD.

What is the dividend yield of Canadian Tire Corporation?

The current dividend yield of Canadian Tire Corporation is 4.28 %.

When does Canadian Tire Corporation pay dividends?

Canadian Tire Corporation pays a quarterly dividend. This is distributed in the months of February, May, August, November.

How secure is the dividend of Canadian Tire Corporation?

Canadian Tire Corporation paid dividends every year for the past 23 years.

What is the dividend of Canadian Tire Corporation?

For the upcoming 12 months, dividends amounting to 7.86 CAD are expected. This corresponds to a dividend yield of 4.88 %.

In which sector is Canadian Tire Corporation located?

Canadian Tire Corporation is assigned to the 'Cyclical consumption' sector.

Wann musste ich die Aktien von Canadian Tire Corporation kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Canadian Tire Corporation from 12/1/2024 amounting to 1.75 CAD, you needed to have the stock in your portfolio before the ex-date on 10/31/2024.

When did Canadian Tire Corporation pay the last dividend?

The last dividend was paid out on 12/1/2024.

What was the dividend of Canadian Tire Corporation in the year 2023?

In the year 2023, Canadian Tire Corporation distributed 5.85 CAD as dividends.

In which currency does Canadian Tire Corporation pay out the dividend?

The dividends of Canadian Tire Corporation are distributed in CAD.

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Andere Kennzahlen von Canadian Tire Corporation

Our stock analysis for Canadian Tire Corporation Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Canadian Tire Corporation Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.