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Aritzia Inc. Subordinate Voting Shares (ATZ $125.25)
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Groupe Dynamite Inc. Subordinate voting shares (GRGD $83.29)
Q: Do you have 2026 earnings estimates for Aritzia and Groupe Dynamite? They trade on pretty high multiples of 2025 earnings, so just wondering how the p/e multiples look using the 2026 earnings estimates. Which do you prefer? Are they still buyable at the current prices?
5i Research Answer:
For 2026, ATZ EPS is expected at $2.76 (Feb. 2026) and $3.64 for F2027 (Feb. 2027). This makes it 34x forward earnings if we move to F2027 numbers. GRGD is $2.22 and $2.62 for F2026/2027 respectively (January year end). This is 30.5X forward. We like both, and would be fine buying for growth investors, and we can't argue with their performance nor growth. GRGD probably gets the edge today considering its truly-amazing same store growth performance and slightly lower valuation.