Food Couche-Tard Inc. (TSX: ATD.B) is stocking a few stocks of the TSX Index, by clicking on highs of all ages. The company clearly reflects the static result, but it also changes the feeling of investors. This change has been a steady, predictable and defensive balance. A look at the final results of the company, future outlook and ratings, all lead to the same effect. Alimentation Couche-Tard is a safe bet for 2019. Surely, I am not necessarily enjoying shopping when it's trading …
Food Couche-Tard Inc. Stocks (TSX: ATD.B) are just a few stocks of the TSX Index.
The company clearly reflects the static result, but it also changes the feeling of investors.
This change has been a steady, predictable and defensive balance.
A look at the final results of the company, future outlook and ratings, all lead to the same effect.
Alimentation Couche-Tard is a safe bet for 2019.
Certainly, I do not necessarily buy purchases of stocks at any time of trading.
But the track record in my investment thesis is a small investor in stock, a small dividend, planned income, a large cash flow and a high profitability.
And the downside protection and maximum potential.
Overall, with a global network of 10,000 stores, the company has a growing performance, both organically and through purchases.
It has recently been charging the company's debt as a consequence of the ongoing continuous performance strategy of the company, which has seen purchasing changes over the last three years. In these last ones, the 279 Esso brand gas station obtains 1.7 million dollars.
The strong cash flows are one of the main features of the company's business model, showing the creation of cash flows of nearly $ 3 billion over the last three years (excluding purchases), a compound annual growth rate of 8.6% per year. Cash flow and a resilience cash flow margin of more than 2%.
Therefore, even if the capitalization ratio continues to be high, it is down by 48% (54% more than the previous year), and the company's cash flows are readily accepted.
In the second quarter of the second quarter of 2019, the same sales and sales of the same traffic continue in the last quarter, the margin continues to improve and a constant flow is generated.
Vehicle sales increased 4.4% in the United States, 4.6% in Europe and 5.1% in Canada.
EBITDA margins will be recovered, as the company continues to achieve the expected synergies associated with the acquisition of its CST.
On October 14, 2018, the yearly synergies came to $ 200 million, spending spending and margins in future quarters. The only goal of synergy of 215 million dollars is to breathe and get it.
Shareholder returns were a 24% star and the return on capital was 12.1%.
From now on, we expect the company's latest purchases to continue with constant synergies, as well as the balance gains and constant growth, both organically and through purchases, with the company's goal of doubling the company.
Fool's assistant, Karen Thomas, has no attitude in one of those stock. Food Couche-Tard is a recommendation Stock consultant in Canada.