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Summary
- Dollarama stocks offer a return on equity of over 796 per cent and a return on assets of 14.10.
- The grocery stocks have advanced by 20 per cent year-to-date (YTD). The company pays a quarterly dividend of C$ 0.044.
- Northland Power stocks have delivered 58 per cent growth YTD. Its stocks are offering a return on equity of 35.40 per cent.
Return on equity (ROE) is a market fundamental that provides information about the profitability of a listed company, and it is also a scale of efficiency. An increasing ROE indicates that a company is boosting its profit-making without the requirement of any external capital. It also suggests how well-planned a company's management utilizes stockholder capital.
Let us delve into the following Toronto Stock Exchange (TSX)-listed ROE performer stocks:
Dollarama Inc. (TSX:DOL)
Current Stock Price: C$ 54.19
The giant retailer stock holds a current return on equity of over 796 per cent. It also delivers a positive return on assets (ROA) of 14.10 per cent, as per TMX data. The stock made it to TMX’s top ROE leader list. It is also placed among TMX’s top consumer good stocks that have surpassed their peers with the largest price gains in the last 30 days.
The retailer’s current market cap stands at C$ 16.86 billion. Dollarama stocks are up nearly 17 per cent in the last six months. The grocery stock has surged over 20 per cent year-to-date (YTD).
The company pays a quarterly cash dividend of C$ 0.044 per share to its stockholders. It has a present dividend yield of 0.347 per cent.
It has a price-to-earnings (P/E) ratio of 29.30 and a price-to-book (P/B) ratio is 64.167. The price-to-cashflow (P/CF) ratio is 18.30 and its debt-to-equity (D/E) ratio is 13.31, as per the TMX portal.
The company reported sales of C$ 1,064.2 million in Q3 FY21, a 12.3 per cent surge year-over-year (YoY).
Northland Power Inc. (TSX:NPI)
Current Stock Price: C$ 43.35
The stock offers a positive ROE of 35.40 per cent and a ROA of 3.23 per cent.
The power producer stocks have increased by over 34 per cent in the last six months. The stock has gained nearly 58 per cent YTD. The utility stock made it to TMX’s top utility companies with its price gains in the last 30 days.
It has a current market cap of C$ 8.74 billion. Its P/B ratio is 6.903, and the current P/CF ratio is 6.30. The stock offers earnings per share of C$ 1.91, as per the TMX portal.
The company holds a monthly cash dividend of C$ 0.10, and its current dividend yield stands 2.772 per cent.
The power firm reported sales of C$ 471 million in Q3 2020 compared to C$ 378 million in Q3 2019, an increase of 24 per cent. Northland posted a gross profit of C$ 418 million in the third quarter of 2020, an 18 per cent rise against $356 million in Q3 2019.
