Becker Milk Company Limited Class B

Becker Milk Company Limited Class B

TTSX:BEK.B
12.85
CAD
+0.09
(+0.71%)
0.61EPS
21.85P/E
24.00MMarket Cap
Becker Milk Company Limited Class B
TSX:BEK.B
(Toronto Stock Exchange)

Recent

price

12.85

P/E

ratio

21.85

div

yld

3.11%

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
CAD
2.2
2.24
2.22
2.15
2.19
2.08
2.02
1.8
1.68
1.68
1.67
1.45
1.5
1.54
1.57
1.61
1.63
Revenue per Share
1.58
1.78
0.55
0.09
1.01
1.49
1.25
1.35
0.72
0.46
1.96
3.13
-0.43
0.07
1.57
0.79
0.61
Basic EPS, GAAP
0.81
1.24
0.85
0.73
0.8
1.01
0.69
0.51
0.72
0.49
0.19
0.09
0.5
0.91
0.39
0.92
0.79
Free Cash Flow per Basic Share
0.6
0.7
2
0.8
0.8
0.8
0.8
0.8
0.8
2.8
0.8
0.8
0.8
1.8
0.8
0.8
0.4
Dividend per Share
17.42
18.57
17.18
16.57
16.95
17.73
18.26
18.74
18.91
16.57
17.77
20.35
19.28
17.69
18.39
18.51
18.75
Book Value per Share
17.42
18.57
17.18
16.57
16.95
17.73
18.26
18.74
18.91
16.57
17.77
20.35
19.28
17.69
18.39
18.51
18.75
Tangible Book Value per Share
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
Basic Weighted Avg Shares
4
4
4
4
4
4
4
3
3
3
3
3
3
3
3
3
3
Sales/Revenue/Turnover
53.24
57.06
59.5
56.8
58.59
55.37
49.22
48.11
42.15
44.78
31.45
28.49
36.72
38.58
38.07
35.7
34.26
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
3
3
1
- -
2
3
2
2
1
1
4
6
-1
- -
3
1
1
Net Income, GAAP
22.09
18.33
42.83
46.24
25.61
21.86
21.79
20.36
23.91
29.88
16.64
15.11
- -
63.87
17.56
25.08
25.52
Effective Tax Rate (%)
71.78
79.53
24.68
4.05
46.41
71.61
61.67
75.18
43.12
27.46
116.91
215.42
-28.7
4.46
100.46
48.74
37.31
Profit Margin (%)
3
3
2
2
2
2
4
6
9
6
6
7
6
4
3
3
3
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
32
34
31
30
31
32
33
34
34
30
32
37
35
32
33
33
34
Total Equity
7.18
5.97
4.35
4
5.3
4.93
4.38
3.68
3.41
2.96
2.55
1.85
- -
1.16
2.73
3.89
3.02
Return on Invested Capital (%)
12.09
9.9
3.07
0.52
6.05
8.6
6.93
7.31
3.85
2.6
11.39
16.44
- -
0.37
8.73
4.26
3.25
Return on Capital (%)
12.09
9.9
3.07
0.52
6.05
8.6
6.93
7.31
3.85
2.6
11.39
16.44
-2.17
0.37
8.73
4.26
3.25
Return on Common Equity (%)

Capital Structure

CAD

•

in mil. unless spec.
Jan'26
Apr'26
Jul'27
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2
2
2
Market Capitalization
24
23
24

Working Capital

CAD

•

in mil. unless spec.
Jan'26
Apr'26
Jul'27
Total Current Assets
5
3
4
Cash, Cash Equivalents & STI
4
3
3
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
1
- -
- -
Payables & Accruals
1
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

CAD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.7%
1.12%
0.64%
Free Cash Flow
44.28%
110.49%
136.99%
Net Income, GAAP
220.14%
393.6%
-50.1%
Sales/Revenue/Turnover
-2.36%
-0.52%
2.86%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1
1
1
1
3
2026
1
1
1
1
3
2027
1
- -
- -
- -
- -

Quarterly Earnings Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.14
0.64
0.65
0.15
1.57
2026
0.25
0.14
0.24
0.15
0.79
2027
0.07
- -
- -
- -
- -

Quarterly Dividends Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
0.4
0.8
2026
- -
- -
- -
0.4
0.8
2027
- -
- -
- -
- -
- -
Business
The Becker Milk Company Limited owns and manages a portfolio of approximately 38 retail commercial properties in southern Ontario, Canada, including single-store sites, multi-store plazas and a limited number of residential units above retail spaces; it leases space primarily to convenience store operators such as Mac's Convenience Stores Inc. under the Mac's and Circle K brands across 36 of 51 retail units, with the remaining units and one residential unit leased to other third-party tenants. Founded in 1957 and headquartered at 305 Milner Avenue in Scarborough, Ontario, the company operates exclusively within Canada, focusing on stable rental income from necessity-based retail assets, including 13 properties with both convenience store and gas bar facilities; it generates additional revenue through finance income and periodic proceeds from asset dispositions or settlements. In recent years, the company has actively reduced its portfolio through strategic property sales, shrinking from 54 properties in 2018 to 38 by 2024 amid leadership transition considerations given the advanced age of key executives; it recorded a gain on investment property sales, an expropriation settlement providing $331,220 in proceeds during the three months ended July 31, 2025, and favourable fair value adjustments from lower capitalization rates in the year ended April 30, 2025, alongside special and regular dividends including $0.80 annually plus year-end specials from dispositions; the board continues evaluating strategic alternatives, including past discussions with potential acquirers like Firm Capital Realty Partners Inc. which expressed interest in an offer at $21.00 per share, though no active transactions are underway.