Empire Company Limited (EMP-A.TO)
Consumer Defensive · TOR · Canada
Fundamentals
Valuation and ratings
Empire Company Limited trades at CAD50.10, which is 34% above the CAD33.11 our discounted cash flow model puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 26 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 56.9 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
EMP-A.TO dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | CAD0.683 | 3 |
| 2025 | CAD0.840 | 4 |
| 2024 | CAD0.766 | 4 |
| 2023 | CAD0.696 | 4 |
| 2022 | CAD0.630 | 4 |
| 2021 | CAD0.560 | 4 |
| 2020 | CAD0.500 | 4 |
| 2019 | CAD0.460 | 4 |
| 2018 | CAD0.430 | 4 |
| 2017 | CAD0.416 | 4 |
| 2016 | CAD0.406 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
EMP-A.TO earnings and analyst estimates
Recommendation mix, 7 analyst ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Empire Company Limited
Empire Company Limited, together with its subsidiaries, engages in the food retail and related real estate businesses in Canada. It operates through two segments, Food Retailing, and Investments and Other Operations. The company owns, affiliates, and franchises retail stores under the Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Farm Boy, Longo's, and Lawtons Drugs brands; operates grocery e-commerce stores under the Voilà, IGA, and ThriftyFoods.com brands; and operates and/or supplies retail fuel locations. It also owns interests in the Crombie Real Estate Investment Trust, an open-ended real estate investment trust to own, operate, and develop a portfolio of grocery and pharmacy-anchored shopping centers, freestanding stores, and mixed use developments; and various equity accounted interests in Genstar that develop residential real estate properties in Ontario, Western Canada, and the United States. Empire Company Limited was founded in 1907 and is headquartered in Stellarton, Canada.
Common questions
Is Empire Company Limited (EMP-A.TO) undervalued?
Against our discounted cash flow estimate of CAD33.11, EMP-A.TO at CAD50.10 is 34% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is EMP-A.TO's P/E ratio?
EMP-A.TO trades at 56.9 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Empire Company Limited (EMP-A.TO) pay a dividend?
Yes. Empire Company Limited yields 1.84% at the current share price. It has paid CAD0.903 per share over the trailing twelve months. It has paid a dividend in each of the last 31 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
When does EMP-A.TO report earnings next?
Empire Company Limited is scheduled to report on 10 Sept 2026. Companies move earnings dates, so read it as scheduled rather than certain.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.