price to sales ratio
TORONTO-DOMINION BANK $97 (Toronto symbol TD; Conservative Growth Portfolio, Finance sector; Shares outstanding: 918.4 million; Market cap: $89.1 billion; Price-to-sales ratio: 3.7; Dividend yield: 3.5%; TSINetwork Rating: Above Average; www.td.com) owns 42.24% of TD Ameritrade Holding Corp....
TIM HORTONS INC. $63 (Toronto symbol THI; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 148.9 million; Market cap: $9.4 billion; Price-to-sales ratio: 3.0; Dividend yield: 1.7%; TSINetwork Rating: Average; www.timhortons.com) continues to draw customers to its coffee-and-donut shops with successful new menu items, such as panini sandwiches....
THOMSON REUTERS CORP. $40 (Toronto symbol TRI; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 827.2 million; Market cap: $33.1 billion; Price-to-sales ratio: 2.5; Dividend yield: 3.4%; TSINetwork Rating: Above Average; www.thomsonreuters.com) gets 55% of its revenue by selling news and information to professionals in the banking industry....
HOME CAPITAL GROUP INC. $72 (Toronto symbol HCG; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 34.7 million; Market cap; $2.5 billion; Price-to-sales ratio: 2.2; Dividend yield: 1.6%; TSINetwork Rating: Average; www. homecapital.com) gets 90% of its revenue by making residential mortgage loans to borrowers who don’t meet the stricter standards of larger, traditional lenders, like banks. These clients include recent immigrants with limited credit histories and self-employed individuals.
The remaining 10% of Home Capital’s revenue mainly comes from credit cards and other loans to consumers and businesses.
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The remaining 10% of Home Capital’s revenue mainly comes from credit cards and other loans to consumers and businesses.
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LOBLAW COMPANIES LTD. $46 (Toronto symbol L; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 282.1 million; Market cap: $13.0 billion; Price-to-sales ratio: 0.4; Dividend yield: 2.1%; TSINetwork Rating: Above Average; www.loblaw.ca) continues to expand its Joe Fresh business, which makes casual clothing and accessories.
In addition to selling these goods in its supermarkets, Loblaw has also opened over 20 stand-alone Joe Fresh stores in Canada and the U.S. In October 2013, Joe Fresh began selling its products in Canada through its own website.
In the U.S., Joe Fresh sells its goods online through an alliance with struggling department store operator J.C. Penney (New York symbol JCP). Joe Fresh has also opened boutiques inside nearly 700 of Penney’s 1,100 department stores in the U.S.
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In addition to selling these goods in its supermarkets, Loblaw has also opened over 20 stand-alone Joe Fresh stores in Canada and the U.S. In October 2013, Joe Fresh began selling its products in Canada through its own website.
In the U.S., Joe Fresh sells its goods online through an alliance with struggling department store operator J.C. Penney (New York symbol JCP). Joe Fresh has also opened boutiques inside nearly 700 of Penney’s 1,100 department stores in the U.S.
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SUNCOR ENERGY INC. $36 (Toronto symbol SU; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.5 billion; Market cap: $54.0 billion; Price-to-sales ratio: 1.4; Dividend yield: 2.2%; TSINetwork Rating: Average; www. suncor.com) produced an average of 365,000 barrels of oil a day at its oil sands projects in September 2013....
MAPLE LEAF FOODS INC. $13 (Toronto symbol MFI; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 140.0 million; Market cap: $1.8 billion; Price-to-sales ratio: 0.4; Dividend yield: 1.2%; TSINetwork Rating: Average; www.mapleleaf.ca) has received regulatory approval for its plan to sell its Rothsay rendering operations.
Rothsay recycles by-products from Maple Leaf’s main meatprocessing operations into a variety of ingredients for other products, including animal feed, soaps, lotions, cosmetics, fertilizers and plastics. Rothsay also makes biodiesel fuels.
The company will receive $645 million when the deal closes on October 28, 2013. It will use the cash to pay down its $1.3 billion of long-term debt.
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Rothsay recycles by-products from Maple Leaf’s main meatprocessing operations into a variety of ingredients for other products, including animal feed, soaps, lotions, cosmetics, fertilizers and plastics. Rothsay also makes biodiesel fuels.
The company will receive $645 million when the deal closes on October 28, 2013. It will use the cash to pay down its $1.3 billion of long-term debt.
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CANADIAN IMPERIAL BANK OF COMMERCE $82 (Toronto symbol CM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 400.0 million; Market cap: $32.8 billion; Price-to-sales ratio: 1.9; Dividend yield: 4.7%; TSINetwork Rating: Above Average; www.cibc.com) has launched Aventura, a new credit card loyalty plan for travellers. Aventura cards let users earn points on their purchases and redeem them for free flights and other benefits.
Toronto-Dominion Bank (see page 104) recently replaced CIBC as the primary issuer of cards under the popular Aeroplan loyalty program. As part of the deal, CIBC will hang on to Aeroplan accounts held by customers who also bank at CIBC. That’s about half the Aeroplan portfolio.
The bank estimates that losing half of the Aeroplan business will cut its annual earnings by $0.45 a share; in the year ended October 31, 2012, it earned $8.07 a share. However, the additional benefits of the Aventura plan, including letting users fly on any airline and not just Air Canada, should help it attract more customers.
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Toronto-Dominion Bank (see page 104) recently replaced CIBC as the primary issuer of cards under the popular Aeroplan loyalty program. As part of the deal, CIBC will hang on to Aeroplan accounts held by customers who also bank at CIBC. That’s about half the Aeroplan portfolio.
The bank estimates that losing half of the Aeroplan business will cut its annual earnings by $0.45 a share; in the year ended October 31, 2012, it earned $8.07 a share. However, the additional benefits of the Aventura plan, including letting users fly on any airline and not just Air Canada, should help it attract more customers.
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TRANSCANADA CORP. $44 (Toronto symbol TRP; Conservative Growth Portfolio, Utilities sector; Shares outstanding: 707.1 million; Market cap: $31.1 billion; Price-to-sales ratio: 3.5; Dividend yield: 4.2%; TSINetwork Rating: Above Average; www.transcanada.com) expects to complete the southern portion of its Keystone XL pipeline by the end of 2013. This $2.3-billion U.S. project will pump crude oil from terminals in Cushing, Oklahoma, to refineries on the U.S. Gulf Coast. Demand for this pipeline from oil shippers is strong, because rising shale oil production in North Dakota has increased inventories at Cushing and hurt crude prices.
The company still hopes to win approval for Keystone XL’s northern portion, which would pump oil from Alberta to the Gulf Coast. The U.S. government will probably announce its decision in 2014.
TransCanada is a buy....
The company still hopes to win approval for Keystone XL’s northern portion, which would pump oil from Alberta to the Gulf Coast. The U.S. government will probably announce its decision in 2014.
TransCanada is a buy....
EMERA INC. $29 (Toronto symbol EMA; Income Portfolio, Utilities sector; Shares outstanding: 132.4 million; Market cap: $3.8 billion; Price-to-sales ratio: 1.7; Dividend yield: 4.8%; TSINetwork Rating: Average; www.emera.com) is Nova Scotia’s main power supplier. It also holds interests in electrical utilities in the U.S. and the Caribbean.
The company continues to invest in promising new projects. For example, it recently agreed to pay $541 million U.S. for three natural-gas-fired power plants in New England. Emera also plans to pay $390 million for a 34.5% stake in a power plant in Labrador. In addition, it will spend $1.5 billion to build an undersea cable that will transmit 20% of this facility’s power to Nova Scotia.
Closing a non-regulated power plant for maintenance helped cut Emera’s second-quarter earnings by 8.0%, to $42.6 million from $46.3 million a year earlier. Earnings per share fell 13.5%, to $0.32 from $0.37, on more shares outstanding. However, overall revenue still rose 1.0%, to $506.5 million from $501.3 million, thanks to colder-than-normal weather in Nova Scotia and higher power rates.
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The company continues to invest in promising new projects. For example, it recently agreed to pay $541 million U.S. for three natural-gas-fired power plants in New England. Emera also plans to pay $390 million for a 34.5% stake in a power plant in Labrador. In addition, it will spend $1.5 billion to build an undersea cable that will transmit 20% of this facility’s power to Nova Scotia.
Closing a non-regulated power plant for maintenance helped cut Emera’s second-quarter earnings by 8.0%, to $42.6 million from $46.3 million a year earlier. Earnings per share fell 13.5%, to $0.32 from $0.37, on more shares outstanding. However, overall revenue still rose 1.0%, to $506.5 million from $501.3 million, thanks to colder-than-normal weather in Nova Scotia and higher power rates.
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