Dollarama Inc.

TSX:DOL Stock Report

Market Cap: CA$46.4b

Dollarama Valuation

Is DOL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DOL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: DOL (CA$174.18) is trading above our estimate of future cash flow value (CA$148.41)

Significantly Below Future Cash Flow Value: DOL is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DOL?

Key metric: As DOL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DOL. This is calculated by dividing DOL's market cap by their current earnings.
What is DOL's PE Ratio?
PE Ratio34.2x
EarningsCA$1.37b
Market CapCA$46.36b

Price to Earnings Ratio vs Peers

How does DOL's PE Ratio compare to its peers?

The above table shows the PE ratio for DOL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17x
CTC.A Canadian Tire Corporation
14.3x4.89%CA$9.9b
ATZ Aritzia
30.8x20.30%CA$13.6b
JD JD.com
16.4x27.83%US$35.8b
NPN Naspers
6.6x4.35%R534.3b
DOL Dollarama
34.2x9.47%CA$46.4b

Price-To-Earnings vs Peers: DOL is expensive based on its Price-To-Earnings Ratio (34.2x) compared to the peer average (17x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does DOL's PE Ratio compare vs other companies in the North American Multiline Retail Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
DOL 34.2xIndustry Avg. 18.6xNo. of Companies4PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DOL is expensive based on its Price-To-Earnings Ratio (34.2x) compared to the Global Multiline Retail industry average (18.6x).

Price to Earnings Ratio vs Fair Ratio

What is DOL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DOL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio34.2x
Fair PE Ratio25x

Price-To-Earnings vs Fair Ratio: DOL is expensive based on its Price-To-Earnings Ratio (34.2x) compared to the estimated Fair Price-To-Earnings Ratio (25x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DOL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$174.18
CA$208.06
+19.45%
10.06%CA$236.00CA$148.00n/a17
Sep ’27CA$175.48
CA$209.24
+19.24%
9.78%CA$231.00CA$148.00n/a17
Aug ’27CA$190.97
CA$207.63
+8.72%
10.87%CA$231.00CA$138.00n/a16
Jul ’27CA$187.62
CA$208.00
+10.86%
10.93%CA$231.00CA$138.00n/a16
Jun ’27CA$176.23
CA$197.81
+12.25%
10.62%CA$227.00CA$138.00n/a16
May ’27CA$174.00
CA$197.19
+13.33%
11.06%CA$232.00CA$138.00n/a16
Apr ’27CA$171.30
CA$197.19
+15.11%
11.06%CA$232.00CA$138.00n/a16
Mar ’27CA$200.82
CA$211.38
+5.26%
11.94%CA$235.00CA$125.00n/a16
Feb ’27CA$183.50
CA$211.38
+15.19%
11.94%CA$235.00CA$125.00n/a16
Jan ’27CA$205.14
CA$211.38
+3.04%
11.94%CA$235.00CA$125.00n/a16
Dec ’26CA$198.64
CA$199.50
+0.43%
11.43%CA$223.00CA$125.00n/a16
Nov ’26CA$182.31
CA$198.81
+9.05%
11.18%CA$223.00CA$125.00n/a16
Oct ’26CA$181.79
CA$198.81
+9.36%
11.18%CA$223.00CA$125.00n/a16
Sep ’26CA$187.26
CA$196.73
+5.06%
12.43%CA$223.00CA$115.00CA$175.4815
Aug ’26CA$189.67
CA$197.40
+4.08%
12.28%CA$223.00CA$115.00CA$190.9715
Jul ’26CA$191.87
CA$197.40
+2.88%
12.28%CA$223.00CA$115.00CA$187.6215
Jun ’26CA$176.50
CA$168.63
-4.46%
9.83%CA$190.00CA$115.00CA$176.2315
May ’26CA$169.73
CA$167.17
-1.51%
10.66%CA$185.00CA$106.00CA$174.0015
Apr ’26CA$154.01
CA$147.36
-4.32%
9.85%CA$166.00CA$106.00CA$171.3014
Mar ’26CA$150.83
CA$145.29
-3.68%
9.17%CA$160.00CA$106.00CA$200.8214
Feb ’26CA$137.53
CA$145.29
+5.64%
9.17%CA$160.00CA$106.00CA$183.5014
Jan ’26CA$140.28
CA$144.92
+3.31%
9.49%CA$160.00CA$106.00CA$205.1413
Dec ’25CA$145.84
CA$141.75
-2.80%
9.53%CA$160.00CA$106.00CA$198.6412
Nov ’25CA$146.49
CA$142.45
-2.75%
4.43%CA$154.00CA$130.00CA$182.3111
Oct ’25CA$136.66
CA$142.09
+3.97%
4.33%CA$154.00CA$130.00CA$181.7911
Sep ’25CA$136.50
CA$134.91
-1.17%
5.98%CA$150.00CA$125.00CA$187.2611
CA$208.06
Fair Value
16.3% undervalued intrinsic discount
17
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/18 21:34
End of Day Share Price 2026/09/18 00:00
Earnings2026/08/02
Annual Earnings2026/02/01

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Dollarama Inc. is covered by 26 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Will ChienAccountability Research Corporation
James DurranBarclays
Zhihan MaBernstein