Despite strong recent performance, Canadian Tire is still under substantial competitive threat.
We do not plan to make a large change to our CAD 128 per share fair value estimate for no-moat Canadian Tire after it posted fourth-quarter earnings that were in line with our targets. For 2016, the company recorded $12.7 billion in revenue, an 8.7% operating margin, and diluted EPS of $9.22, versus our $12.6 billion, 8.8%, and $9.22 expectations. Our long-term view is intact, calling for 4% revenue growth and 10% operating margins on average through 2025. We believe the difference between our v...Canadian Tire Corporation comprises three main business operations, which provides a range of retail goods and services. Co.'s three main business operations are: Retail, which is conducted through a number of banners, including Canadian Tire, Canadian Tire Gas (Petroleum), Mark's, PartSource, and various FGL Sports banners; CT REIT, which is a real estate investment trust engaged in owning, developing and leasing commercial properties; as well as Financial Services, which markets a range of Canadian Tire-branded credit cards, insurance and warranty products and processes credit card transactions with respect to purchases made in Canadian Tire associate stores and Petroleum outlets.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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