George Weston Limited (WNGRF)
NEUTRALファンダメンタル
62
株価
$98.24
時価総額
$36.77B
パート1 · 企業の価値
概要
George Weston Limited does not sell anything itself: it is a Canadian holding company controlling roughly half of Loblaw, the country's largest grocery and pharmacy retailer, and roughly half of Choice Properties, a real estate trust that owns and leases commercial and residential property. The Weston family controls the group. What George Weston reports as its own results is really the consolidated performance of these two separately listed, majority-owned companies.
収益の仕組み
Almost all consolidated revenue is Loblaw's: customers paying for groceries, pharmacy items and general merchandise at checkout, day after day, at thin retail margins run on very large volume. Choice Properties contributes a much smaller stream of rental income from long-term leases, much of it paid by Loblaw itself as a tenant, which is why the two segments do not simply add up to the consolidated total once intercompany rent is eliminated.
セグメント別売上高
Grocery stores, discount food stores, in-store and associate-owned pharmacies, and general merchandise across Canada. The core of consolidated revenue.
A real estate investment trust owning grocery-anchored retail and industrial properties, leased mainly to necessity-based tenants including Loblaw.
需要を左右する要因
ディフェンシブConsolidated results are dominated by Loblaw's grocery and pharmacy sales, which people keep buying regardless of the economic cycle. Choice Properties adds a real-estate layer whose rental income is contractually locked in for years at a time. Neither business is immune to inflation or consumer belt-tightening on discretionary items, but food and medicine are the least discretionary categories a retailer can sell.
強気材料
Buyers argue that owning controlling stakes in Canada's largest grocer and a real estate trust anchored by that same grocer gives George Weston a defensive, cash-generative combination, with Loblaw's scale in food retail acting as a moat that smaller regional chains cannot easily challenge.
弱気材料
Sellers fear that George Weston's results are almost entirely a pass-through of Loblaw's own performance, so a holding-company investor gets little diversification beyond what buying Loblaw shares directly would already provide, while still carrying a holding-company discount.
Written by the editors, published on 2026年8月18日
Direct competitors
Who this company fights with for the same customers
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No competitor list for this company yet.
貸借対照表と流動性
売上高
$65.24B
直近12か月（2026/6/30まで）
純利益
$1.04B
直近12か月（2026/6/30まで）
フリーキャッシュフロー
$5.76B
自己資本合計
$3.71B
負債合計
$19.86B
流動比率
1.04
利払い倍率
-
負債/EBITDA
2.89
一株当たり利益（EPS）
売上高と純利益
フリーキャッシュフロー
収益内訳
財務推移表
利益率の推移
負債の推移
負債の重さ
成長率グリッド
成長率 — 売上高
適正価値の推定
適正価値
$131.45
現在株価
$98.24
安全マージン
+25.3%
適正価値レンジ
$85.45 - $177.46
推定方法
バリュエーション指標
P/E レシオ
41.29
ROE
18.6%
P/B レシオ
9.92
P/FCF
6.38
粗利益率
32.0%
ROIC
19.8%
収益性レーダー
Value Creation (Economic Moat)
ROIC
19.8%
WACC
5.2%
ROIC − WACC
+14.5 pp
ROIC exceeds the cost of capital — the company is creating value for shareholders.
ファンダメンタル分析基準
合格（10）
- Price CAGR 9.90%
- ROIC 19.8%
- Gross Margin 32.0%
- P/FCF 6.38
- Positive Free Cash Flow
- Current Ratio
- Debt/EBITDA
- DCF valuation (Undervalued)
- Analyst Consensus 87% Buy
- Earnings Quality (OCF/NI) 6.59
不合格（8）
- P/B Ratio 9.92
- Debt/Equity ratio
- CapEx intensity
- ROE 4.3%
- Revenue Growth 5Y 3.4%
- Earnings Surprise avg -6.6%
- Net Margin Trend 1.7% vs 2.1%
- Piotroski F-Score 2/9
データなし（9）
- EPS data insufficient
- Dividend Payout NaN%
- Operating Margin NaN%
- Interest Coverage
- Return on Tangible Assets
- Low reliance on intangibles
- Price below Graham Number
- PEG Ratio (need PE > 0 and growth > 0)
- Share Dilution (missing shares data)
Piotroski F-スコア
重大な財務上の懸念
利益の質
高品質：利益はキャッシュに裏付けられている
株式希薄化
株式を買い戻している。株主に友好的
ガバナンス
経営陣
| 氏名 | 役職 | 年齢 |
|---|---|---|
| Mr. Galen G. Weston B.A., M.B.A. | Chairman & CEO | 52 |
| Mr. Richard Dufresne | President & CFO | - |
| Roy MacDonald | Group Vice President of Investor Relations | - |
| Mr. Andrew Bunston | Chief Legal Officer & Secretary | - |
| Anemona Turcu | Senior VP & Group Chief Risk Officer | - |
| Mr. Jeff Gobeil | Senior VP & Group Head of Tax | - |
| Mr. Barry Kieran Columb | Executive VP of Loblaw & President of President's Choice Financial | 60 |
| Ms. Katie McCullam | Chief Strategy Officer | - |
| Ms. Anna Filipopoulos | Chief Talent Officer | - |
| Ms. Lina Taglieri | Senior VP & Group Head Controller | 56 |
監査リスク
9
取締役会リスク
9
報酬リスク
4
株主権利リスク
8
パート2 · 株価と買い時
この部分は企業に価値があるかを判断するものではありません。ファンダメンタルズに納得したうえで、いつ買うかを選ぶためのものです。内容：テクニカル分析、ポテンシャル、過去のドローダウン、ガンマエクスポージャー。
Latest News
Recent headlines for WNGRF, sourced from Markets Gazette.