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Section1: Company Overview and Fundamental Insights:
George Weston Inc. (TSX: WN) is a holding company that operates through two subsidiaries encompassing retail and real estate. The first is Loblaw, the largest grocer in Canada, in which it has a 53% controlling stake. The second is Choice Properties, an open-ended real estate investment trust, where George Weston's ownership sits close to 62%. The company sold Weston Foods, a North American bakery, in early 2022, which the firm had previously wholly owned. While the two remaining entities are separate, they operate under a contractual, as well as tacit, framework of strategic business partnerships. This is exemplified by Loblaw being Choice's largest tenant.
Kalkine’s Low Carbon Research Report covers the Key Investment Highlights, Key Financial Metrics, Risks, Technical Analysis along with the Valuation, Target Price, and Recommendation on the stock.
The shift toward a low-carbon economy is one of the most significant challenges of current time, spurred by the urgent need to combat climate change and reduce the environmental impact of corporate activities. This report covers the TSX-listed low-carbon emission company, George Weston Ltd (TSX: WN), that is committed to sustainability and responsible environmental practices.
Carbon and Waste Management - Key Metrics
George Weston Ltd (TSX: WN) has steadily reduced CO₂ emissions, while maintaining decent renewable energy usage of ~54,000 units annually, reflecting healthy progress in sustainability.
Peer Comparison: Carbon Emission Metrics
The top 10 shareholders together form ~9.39% of the total shareholding. RBC Global Asset Management Inc. and The Vanguard Group, Inc. hold a maximum stake in the company at ~3.22% and ~1.38%, respectively.
The company reported rising financials in Q2 2025, where it clocked healthy growth under its Revenue from Loblaw and Choice Properties, which is a key positive. Furthermore, it witnessed Adjusted Diluted Net Earnings Per Common Share and elevated Adjusted EBITDA, displaying its decent profitability and operational momentum.
Section 2: Business Updates and Financial Highlights
The picture below gives an overview of the company’s recent activities, such as an announcement regarding Stock Split and Normal Course Issuer Bid.
Section 3: Key Risks and Company Outlook
Section 4: Stock Recommendation Summary:
The stock has witnessed a downside of ~4.97% and an upside ~15.01% over the last 3 months and 6 months respectively. Moreover, it is trading above the average 52-week high price of CAD 93.62 and 52-week low price of CAD 70.92, providing an opportunity to ride the trend.
Valuation Methodology: EV to Sales Multiple Based Relative Valuation (Illustrative):
Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is August 28, 2025. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Note 4: Dividend Yield may vary as per the stock price movement.
Note 5: Kalkine reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 25-30 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.
Technical Indicators Defined: -
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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Past performance is not a reliable indicator of future performance.
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