Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. Dollarama Inc.
  6. News
  7. Summary
    DOL   CA25675T1075

DOLLARAMA INC.

(DOL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Dollarama : DBRS Morningstar Assigns Rating of BBB, Stable Trend, to Dollarama Inc.'s New Debt Issuance

07/09/2021 | 07:57am EDT

DBRS Limited (DBRS Morningstar) assigned a rating of BBB with a Stable trend to Dollarama Inc.'s (Dollarama or the Company) $375 million 1.871% Senior Unsecured Notes due July 8, 2026, and $375 million 2.443% Senior Unsecured Notes due July 9, 2029 (together, the Notes), which closed on July 8, 2021.

The ratings assigned to these newly issued debt instruments are based on the rating of an already-outstanding debt series of the above-mentioned debt instruments.

Dollarama intends to use the combined net proceeds of the $750 million in Notes to repay the $525 million aggregate principal amount of its outstanding 2.337% Senior Unsecured Notes due July 22, 2021; to repay a portion of its outstanding U.S. commercial paper notes; and for general corporate purposes. The Notes will be unsecured and will rank pari passu with all other existing and future unsecured and unsubordinated indebtedness of Dollarama.

The ratings continue to reflect the Company's strong brand and market position, efficient operations, and national diversification while also considering the competitive retail environment and dependence on supply chain management to maintain low prices.

A description of how DBRS Morningstar considers ESG factors within the DBRS Morningstar analytical framework can be found in the DBRS Morningstar Criteria: Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings at https://www.dbrsmorningstar.com/research/373262.

Notes:

All figures are in Canadian dollars unless otherwise noted.

The principal methodology is Rating Companies in the Merchandising Industry (July 30, 2020; https://www.dbrsmorningstar.com/research/364692), which can be found on dbrsmorningstar.com under Methodologies & Criteria. Other applicable methodologies include the DBRS Morningstar Criteria: Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings (February 3, 2021; https://www.dbrsmorningstar.com/research/373262).

For more information regarding rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/357883.

Generally, the conditions that lead to the assignment of a Negative or Positive trend are resolved within a 12-month period. DBRS Morningstar trends and ratings are under regular surveillance.

For more information on this credit or on this industry, visit www.dbrsmorningstar.com or contact us at info@dbrsmorningstar.com.

DBRS Limited

DBRS Tower, 181 University Avenue, Suite 700

Toronto, ON M5H 3M7 Canada

Tel. +1 416 593-5577

(C) 2021 Electronic News Publishing, source ENP Newswire

All news about DOLLARAMA INC.
09/10DOLLARAMA : Investor Presentation – Q2-FY2022
PU
09/09Toronto Stocks Flat; Empire Co. Shares Fall on Lower Profit, Same-Store Sales..
DJ
09/09DOLLARAMA : reports $146.2M Q2 profit, up from $142.5M a year ago, sales up
AQ
09/09DOLLARAMA : Reports Q2 EPS $0.48, Missing Forecast; Says Guidance for Fiscal 202..
MT
09/09DOLLARAMA : Sep 9, 2021
PU
09/09Dollarama Inc. Reports Earnings Results for the Second Quarter Ended August 1..
CI
09/09Tranche Update on Dollarama Inc.'s Equity Buyback Plan announced on July 5, 2..
CI
09/09DOLLARAMA : Earnings Flash (DOL.TO) DOLLARAMA Reports Q2 EPS Basic and Diluted E..
MT
09/09DOLLARAMA : Earnings Flash (DOL.TO) DOLLARAMA Posts Q2 Revenue Increased by 1.6%..
MT
09/09DOLLARAMA : Reports Fiscal 2022 Second Quarter Results
AQ
More news
Analyst Recommendations on DOLLARAMA INC.
More recommendations
Financials
Sales 2022 4 334 M 3 415 M 3 415 M
Net income 2022 637 M 502 M 502 M
Net Debt 2022 2 225 M 1 753 M 1 753 M
P/E ratio 2022 26,7x
Yield 2022 0,36%
Capitalization 17 037 M 13 427 M 13 423 M
EV / Sales 2022 4,44x
EV / Sales 2023 4,09x
Nbr of Employees 14 230
Free-Float 95,6%
Chart DOLLARAMA INC.
Duration : Period :
Dollarama Inc. Technical Analysis Chart | DOL | CA25675T1075 | MarketScreener
Technical analysis trends DOLLARAMA INC.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 56,25 CAD
Average target price 62,55 CAD
Spread / Average Target 11,2%
EPS Revisions
Managers and Directors
Neil George Rossy President, Chief Executive Officer & Director
Jean Philippe Towner Chief Financial Officer
Stephen K. Gunn Chairman
Nicolas Hien Chief Information Officer
Johanne Choinière Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
DOLLARAMA INC.7.42%13 347
COSTCO WHOLESALE CORPORATION22.28%203 674
TARGET CORPORATION38.30%119 150
WAL-MART DE MÉXICO, S.A.B. DE C.V.27.80%62 769
DOLLAR GENERAL CORPORATION3.17%50 621
BURLINGTON STORES, INC.9.96%19 081