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How to buy Canadian Tire (CTC) stocks
Learn how to buy Canadian Tire stock in 5 easy steps.
Looking to buy Canadian Tire stock in Canada? Here’s everything you need to know, including the current Canadian Tire stock price, online brokers with access to Canadian Tire stock and the answer to the question, “Is it a good time to buy Canadian Tire stock?” Read our guide below.
Canadian Tire is a specialty retail business based in Canada. Canadian Tire stocks (CTC.TO) are listed on the TO and all prices are listed in Canadian Dollars. Its last market close was C$313.67 – an increase of 2.84% over the previous week. Canadian Tire employs 13,802 staff and has a trailing 12-month revenue of around C$17.7 billion.
How to buy Canadian Tire stock
- Choose a stock trading platform. Use our comparison table or choose from our Top Picks below.
- Open an account. Provide your personal information and sign up.
- Fund your account. Deposit funds unto your account by linking your banking information or transfer funds from another trading account.
- Search for the stock name – CTC. Search for the stock by name or ticker symbol.
- Buy the stock. Place your order. It's that simple.
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What's in this guide?
- Can I buy shares in Canadian Tire?
- Has coronavirus impacted Canadian Tire shares?
- Canadian Tire shares summary
- Compare share dealing platforms
- Is Canadian Tire stock a buy or sell?
- Canadian Tire performance over time
- Are Canadian Tire shares over-valued?
- Canadian Tire's financials
- How volatile are Canadian Tire shares?
- Does Canadian Tire pay a dividend?
- Other common questions
Canadian Tire stock price (TO:CTC)Use our graph to track the performance of CTC stocks over time.
Canadian Tire shares at a glance
|Latest market close||C$313.67|
|52-week range||C$240.36 - C$395.73|
|50-day moving average||C$320.37|
|200-day moving average||C$292.12|
|Wall St. target price||C$4.00|
|Dividend yield||C$6.7 (2.22%)|
|Earnings per share (TTM)||C$14.69|
Buy Canadian Tire Corporation stocks from these online trading platformsCompare special offers, low fees and a wide range of investment options among top trading platforms.
Note: The dollar amounts in the table below are in Canadian dollars.
Is it a good time to buy Canadian Tire stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Canadian Tire price performance over time
Historical closes compared with the close of C$313.67 from 2023-05-30
|1 week (2023-05-25)||2.84%|
|1 month (2023-05-02)||1.18%|
|3 months (2023-03-02)||-3.34%|
|6 months (2022-12-02)||6.35%|
|1 year (2022-06-02)||-19.05%|
|2 years (2021-06-02)||26.15%|
|3 years (2020-06-02)||40.04%|
|5 years (2018-06-01)||29.22%|
Is Canadian Tire stock undervalued or overvalued?
Valuing Canadian Tire stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Canadian Tire's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Canadian Tire's P/E ratio
Canadian Tire's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 21x. In other words, Canadian Tire shares trade at around 21x recent earnings.
Canadian Tire's PEG ratio
Canadian Tire's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.3912. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Canadian Tire's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Canadian Tire's EBITDA
Canadian Tire's EBITDA (earnings before interest, taxes, depreciation and amortisation) is C$2.1 billion.
The EBITDA is a measure of a Canadian Tire's overall financial performance and is widely used to measure a its profitability.
Canadian Tire financials
|Revenue TTM||C$17.7 billion|
|Operating margin TTM||10.15%|
|Gross profit TTM||C$5.7 billion|
|Return on assets TTM||5.14%|
|Return on equity TTM||15.9%|
|Market capitalisation||C$10.1 billion|
TTM: trailing 12 months
Canadian Tire share dividends
Dividend payout ratio: 45.28% of net profits
Recently Canadian Tire has paid out, on average, around 45.28% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.22% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Canadian Tire shareholders could enjoy a 2.22% return on their shares, in the form of dividend payments. In Canadian Tire's case, that would currently equate to about C$6.7 per share.
While Canadian Tire's payout ratio might seem fairly standard, it's worth remembering that Canadian Tire may be investing much of the rest of its net profits in future growth.
Canadian Tire's most recent dividend payout was on 1 September 2023. The latest dividend was paid out to all shareholders who bought their shares by 28 July 2023 (the "ex-dividend date").
Canadian Tire share price volatility
Over the last 12 months, Canadian Tire's shares have ranged in value from as little as C$240.3576 up to C$395.7272. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (TO average) beta is 1, while Canadian Tire's is 1.2506. This would suggest that Canadian Tire's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Canadian Tire overview
Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. It operates in three segments: Retail, CT REIT, and Financial Services. The Retail segment retails automotive maintenance products and accessories, parts, tires as well as automotive services and roadside assistance; kitchen, home organization, decor, home electronics, pet, and cleaning and consumable products; tools, hardware, paint, electrical, plumbing, home environment, and smart home products; and outdoor recreation, exercise, footwear and apparel, hunting, fishing, camping, and sporting goods. It also retails Christmas trees, lights and decor, Halloween décor and costumes, yard care and maintenance, and snow removal equipment; patio furniture, barbeques, pools, trampolines, outdoor power equipment and tools, plants and gardening supplies; backyard amusement, pool fun, and toys and games; gasoline; sporting goods and active wear; casual and industrial apparel and footwear; and outerwear, base-layer, and workwear. This segment offers its products under the Canadian Tire, Pro Hockey Life, Mark's, PartSource, Helly Hansen, Party City, Petroleum, and SportChek brand names. This segment also participates in loyalty programs, as well as sells its products online. The CT REIT segment operates as a closed-end real estate investment trust that holds a portfolio of 373 properties comprising Canadian Tire stores, Canadian Tire anchored retail developments, industrial properties, a mixed-use commercial property, and development properties.
Canadian Tire in the news
Is Canadian Tire Corporation, Limited's (TSE:CTC.A) 16% ROE Strong Compared To Its Industry?
Jumpstart 2022 Annual Report: Message From Our Leadership
Canadian Tire Corporation Announces Election of Directors
Frequently asked questions
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
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