MTY Food Group Inc. (T:MTY)
Business Focus: Quick Service Restaurants
Mixed as of April 01, 2024
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Insider Filings
Latest 10 SEDI filings for MTY within the last 6 months
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Company News
Apr 12, 2024 06:00 ET
MTY REPORTS FIRST QUARTER RESULTS FOR FISCAL 2024
Cash flows provided by operating activities increased $20.7 million to $54.2 million in the quarter from $33.5 million in Q1-23.Free cash flows net of lease payments(1) more than doubled to reach $36.9 million in the quarter, compared to $15.4 million in Q1-23. Free cash flows net of lease payments per diluted share(2) reached $1.52 for the quarter compared to $0.63 in Q1-23.Net income attributable to owners decreased by 6% at $17.3 million, or $0.71 per diluted share compared to $18.4 million, or $0.75 per diluted share in Q1-23.Normalized adjusted EBITDA(1) decreased 7% to $59.5 million in
Feb 15, 2024 05:00 ET
MTY REPORTS FOURTH QUARTER AND FISCAL 2023 RESULTS
Annual revenue exceeded $1 billion for the first time in MTY's history.Normalized adjusted EBITDA(1) increased 13% to $60.4 million in the quarter compared to $53.5 million in Q4-22.Free cash flows(1) increased 27% to $44.3 million in the quarter compared to $34.8 million in Q4-22 while annual free cash flows improved 13% to $154.1 million compared to $137.0 million in the prior year. Free cash flows per diluted share(2) reached $1.81 for the quarter and $6.30 for the year. Net income attributable to owners in the quarter reached $16.4 million, or $0.67 per diluted share, an increase of 131%
Valuation Ratios
Industry
Sector
Beta
1.99
--
--
Price to Sales - TTM
0.95
4.02
2.15
Price to Book - most recent quarter
1.34
2.96
1.99
Price to Cash Flow per share - TTM
5.70
8.70
8.31
Price to Free Cash Flow per share - TTM
7.56
7.56
16.17
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Mar 31, 2024 | 239,253 | 6,791 |
| Mar 15, 2024 | 232,462 | -23,658 |
| Feb 29, 2024 | 256,120 | 9,944 |
Business Summary
| Sector: Consumer Cyclicals | Industry: Restaurants & Bars |
MTY Food Group Inc. is a Canada-based franchisor and operator of multiple concepts of restaurants worldwide. The Company's activities consist of franchising and operating the Company-owned locations, as well as the sale of retail products under a multitude of banners. The Company also operates a distribution center and a food-processing plant, both of which are located in the province of Quebec. The Company operates through two segments: Canada, and US & International. The Company operates under various banners, including Papa Murphy's, Cold Stone Creamery, Thai Express, Sweet Frog, Taco Time Us, Sushi Shop, Toujours Mikes, Mucho Burrito, Baton Rouge, Manchu Wok, Baja Fresh, Mr. Sub, Taco Time Ca, Yuzu Sushi, Allo Mon Coco, Pizza Delight, Scores, Ben & Florentine, The Counter, And Planet Smoothie. The Company has approximately 60 brands over 2,400 restaurants in Canada and 40 brands over 4,100 locations in the United States.
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