Alimentation Couche-Tard Inc (ATD) AI Stock Analysis

• Market Cap: C$67.34B
• Dividend Yield: 1.07%
• Average Volume (3M): 1.81M
• Price to Earnings (P/E): 18.8
• Beta (1Y): 0.44
• Revenue Growth: 8.61%
• EPS Growth: -0.93%
• Country: CA
• Employees: 149,000
• Sector: Consumer Cyclical
• Sector Strength: 64
• Industry: Specialty Retail
• EPS (TTM): 0.63
• Shares Outstanding: 948,064,400
• 10 Day Avg. Volume: 1,696,959
• 30 Day Avg. Volume: 1,811,628
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$82.82
• Price Target Upside: 18.01% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 11

• Rating: 74 Outperform
• Price Target: C$79.00 ▲(12.57% Upside)

Alimentation Couche-Tard Inc's overall stock score is driven by its strong financial performance and strategic initiatives highlighted in the earnings call. The company's valuation is fair, and its technical indicators show mixed signals. Despite some challenges in the U.S. market, the company's focus on growth in Europe and Canada and investments in technology and M&A opportunities contribute positively to the score.

Positive Factors

Company Strategy

ATD outperformed its TTE synergy target in F25, is now running at €40m in annualized synergies, and reiterated confidence in its €170m F29 target.

Market Valuation

The stock appears cheap (<9x EBITDA); skew constructive into F26.

Sales Performance

Management noted US merch SSS trends improved throughout the quarter and exited at a positive rate, which persisted into FQ1.

Negative Factors

Expense Growth

Higher-than-expected SG&A and D&A growth are currently outpacing gross profit growth.

Sales Challenges

It is difficult to see substantial same-store sales improvement unless food sales accelerate significantly or there is a notable tailwind in another category.

US Market Conditions

US fuel segment likely comes up short due to weak industry trends and weather-related pressures.

Alimentation Couche-Tard Inc Business Overview & Revenue Model

Company Description

Alimentation Couche-Tard Inc. operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels; and aviation fuels, as well as energy for stationary engines. The company operates its convenience stores chain under the Circle K, Couche-Tard, Holiday, Ingo, and Mac's brands. It is also involved in the sale of lottery tickets, calling and gift cards, postage stamps, and bus tickets; issuance of money orders; and provision of automatic teller machines and car wash services. As of April 24, 2022, it operated and licensed 12,166 convenience stores, which include 9,808 company-operated stores in North America, Europe, and Asia, as well as approximately 1,800 stores operated under the Circle K banner in Cambodia, Egypt, Guam, Guatemala, Honduras, Indonesia, Jamaica, Macau, Mexico, New Zealand, Saudi Arabia, the United Arab Emirates, and Vietnam. The company was formerly known as Actidev Inc. and changed its name to Alimentation Couche-Tard Inc. in December 1994. Alimentation Couche-Tard Inc. was founded in 1980 and is headquartered in Laval, Canada.

How the Company Makes Money

Alimentation Couche-Tard Inc. generates revenue through its extensive network of convenience stores that sell a variety of products including fuel, food, and beverages. The company's primary revenue streams include the sale of fuel, which constitutes a significant portion of its income, and the sale of merchandise within its stores. Additionally, the company benefits from strategic partnerships and acquisitions that expand its market reach and enhance its offerings. Couche-Tard's ability to effectively manage its supply chain and optimize store operations also contributes to its profitability. The company leverages its strong brand presence and customer loyalty programs to drive sales and maintain a competitive position in the convenience retail market.

Alimentation Couche-Tard Inc Financial Statement Overview

Summary

Alimentation Couche-Tard Inc demonstrates strong financial performance with consistent revenue and cash flow growth. The company maintains a stable balance sheet with manageable leverage and effective capital allocation. While net profit margins have faced slight pressure, operational efficiency remains strong, positioning the company well for future growth.

Income Statement

Alimentation Couche-Tard Inc has shown consistent growth in revenue, with a notable increase from $62.8 billion in 2022 to $72.9 billion in 2025. The gross profit margin improved, reaching approximately 17.9% in 2025, indicating effective cost management. However, the net profit margin slightly decreased to 3.5% in 2025, reflecting pressure on net income. EBIT and EBITDA margins remained stable, suggesting operational efficiency.

Balance Sheet

The company maintains a strong equity position, with an equity ratio improving to around 39.0% in 2025. The debt-to-equity ratio decreased slightly to 0.93, signifying prudent debt management. Return on equity is healthy, reflecting strong shareholder value creation. The balance sheet shows stability, with manageable leverage levels.

Cash Flow

Operating cash flow has shown consistent growth, reaching $5.0 billion in 2025, supporting strong free cash flow generation at $2.7 billion. The free cash flow to net income ratio is robust, indicating efficient cash conversion. The company effectively manages its capital expenditures, supporting sustainable cash flow growth.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	74.18B	72.86B	69.26B	71.86B	62.81B	45.76B
Gross Profit	12.87B	13.02B	12.10B	12.05B	11.00B	10.12B
EBITDA	6.01B	6.08B	5.73B	5.82B	5.27B	5.05B
Net Income	2.59B	2.58B	2.73B	3.09B	2.68B	2.71B
Balance Sheet
Total Assets	36.57B	38.30B	36.94B	29.05B	29.59B	28.39B
Cash, Cash Equivalents and Short-Term Investments	1.78B	2.31B	1.87B	929.20M	2.17B	3.03B
Total Debt	13.91B	13.96B	14.47B	9.47B	9.44B	9.60B
Total Liabilities	22.23B	23.21B	23.64B	16.48B	17.15B	16.21B
Stockholders Equity	14.20B	14.95B	13.19B	12.56B	12.44B	12.18B
Cash Flow
Free Cash Flow	2.53B	2.71B	2.87B	2.54B	2.28B	2.86B
Operating Cash Flow	4.77B	5.04B	4.82B	4.34B	3.94B	4.09B
Investing Cash Flow	-1.47B	-1.58B	-6.60B	-2.28B	-1.80B	-1.39B
Financing Cash Flow	-2.59B	-2.54B	2.21B	-3.35B	-2.95B	-3.43B

Alimentation Couche-Tard Inc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 70.18
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ATD, the sentiment is Negative. The current price of 70.18 is below the 20-day moving average (MA) of 72.15, below the 50-day MA of 71.41, and below the 200-day MA of 73.24, indicating a bearish trend. The MACD of 0.41 indicates Positive momentum. The RSI at 46.30 is Neutral, neither overbought nor oversold. The STOCH value of 6.02 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ATD.

Alimentation Couche-Tard Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ATD	74 Outperform	C$67.34B	18.77	18.50%	1.07%	8.61%	-0.93%
Sector *	70 Neutral	€33.73B	36.01	12.32%	5.79%	13.44%	23.46%
CDNTF	―	$7.51B	17.41	14.70%	2.63%	―	―
CDNAF	―	$7.51B	12.25	14.70%	3.79%	―	―
PET	79 Outperform	C$2.45B	26.58	126.66%	1.28%	5.18%	17.66%

Alimentation Couche-Tard Inc Corporate Events

Alimentation Couche-Tard Reports Resilient Fiscal 2025 Results Amid Global Challenges

Alimentation Couche-Tard Inc. reported its financial results for the fourth quarter and fiscal year 2025, highlighting resilience amid challenging economic and geopolitical conditions. The company maintained stable same-store sales in the U.S. and achieved positive results in Canada and Europe. Despite a slight decrease in net earnings compared to the previous year, Couche-Tard demonstrated strong operational effectiveness and continued investment in technology and customer value. The integration of TotalEnergies assets progressed as planned, and the company focused on strategic initiatives and cost control to support long-term growth. Key highlights include a 2.0% increase in total merchandise and service revenues, a decrease in same-store merchandise revenues in the U.S., and an increase in fuel volumes in Canada.

The most recent analyst rating on (TSE:ATD) stock is a Buy with a C$88.00 price target. To see the full list of analyst forecasts on Alimentation Couche-Tard Inc stock, see the TSE:ATD Stock Forecast page.