Alim Couche-Tard

As every Sunday, the most important news from the past week, as well as the most important dates for the coming week, also as a video:

https://youtube.com/shorts/2ARxb6SwdI4?si=SG4oZ22bYpPc-M3W

Monday:

The Canadian group $ATD Couche-Tarde probably wants to take over the 7-Eleven parent company $3382 (+2,24%) Seven & I Holding. This increases the likelihood of seeing the cult stores in Germany soon. The deal would be the largest takeover of a Japanese company by a foreign company. Couche-Tarde would probably have to put at least USD 38 billion on the table, which is the current valuation of the holding company.

https://www.handelsblatt.com/unternehmen/handel-konsumgueter/convenience-uebernahme-aktie-von-7-eleven-betreiber-steigt-um-23-prozent/100061127.html

Tuesday:

Producer prices in Germany continue to fall, good news as producer prices are a leading indicator for inflation. Compared to the previous year, producer prices fell by 0.8%. This is mainly due to the continued fall in energy prices. Natural gas, for example, was 12.3 % cheaper than in 2023.

https://www.ariva.de/news/deutschland-rckgang-der-erzeugerpreise-schwcht-sich-11345756

Wednesday:

The FOMC minutes already provide the first indication of a rate cut in the US. According to the minutes, the overwhelming majority was probably in favor of starting the rate cut at the beginning of September.

https://www.handelsblatt.com/finanzen/geldpolitik/us-notenbank-fed-protokolle-us-waehrungshueter-deuten-moegliche-zinswende-an/100061918.html

Thursday:

The data from the Purchasing Managers' Index is surprisingly poor. The index for industry and service providers fell to 48.5 points. All values below 50 indicate an economic downturn. Economists had expected a minimal increase to 49.2 points. The barometer for industry fell to 42.1 points. Industry is thus continuing to shrink. The value for service providers was 51.4 points. However, this value also fell.

https://www.handelsblatt.com/politik/deutschland/einkaufsmanagerindex-deutsche-wirtschaft-beschleunigt-talfahrt/100062059.html

Friday:

After the BoJ surprisingly raised interest rates, the central bank of Japan 🇯🇵 could be prepared to raise interest rates further. At least that is what Chairman Kazuo Ueda has said.

https://www.handelsblatt.com/finanzen/geldpolitik/bank-of-japan-boj-chef-ueda-signalisiert-bereitschaft-zu-zinserhoehungen/100062288.html

$BMW (+0,9%) BMW can now also sell more e-vehicles than $TSLA (+0,65%) Tesla in Europe. In July, BMW sold 14,869 e-vehicles in Europe. Tesla only sold 14,561.

https://www.handelsblatt.com/mobilitaet/elektromobilitaet/autobauer-bmw-ueberholt-tesla-bei-verkauften-e-autos-in-europa/100062187.html

Most important dates in the coming week:

Thursday: 14:00 Inflation data (DE)

Thursday: 14:30 GDP figures (USA)

Friday: 14:30 Consumer data (USA)

P/E ratio of 15

Payout ratio on profit 12

Dividend not reduced for 15 years

Annual dividend growth on the last 5-10 years = 20%.

Annual growth of profit on 5 years = 15%.

Annual growth in profit over 10 years = 23%.

Dividend is estimated to grow 31%, I think possible due to low payout ratio.

Price gain over the last 15 years = 1000

Price gain of the last 10 years = 836 %.

Couche Tard operates independent grocery stores for immediate consumption.

Over 8,000 stores in Canada and US.

Approx. 4,400 in Europe

I find ok, but is expandable and therefore see more growth potential in the long term.

Currently I think the company is still suffering from the pandemic, which is why the future forecasts could rather provide for a sideways running share price. But who knows ;)

But as a long-term investor, I already feel somewhat addressed:)

Does anyone from the community have experience with an investment in this company?

Source of the key figures:

Aktienfinder.net