North West Company Inc (NWC) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of North West Company Inc stock C$51.64, price C$59.46, that is 13.2% below the price, quality 63 out of 100. Rating: overvalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range C$26.62 – C$59.46 · fair‑value band C$31.88 – C$67.13 · the C$59.46 price screens above the C$51.64 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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The North West Company Inc., through its subsidiaries, engages in the retail of food and everyday products and services in northern Canada, rural Alaska, the South Pacific, and the Caribbean.
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The company operates Northern stores, which offers food, general merchandise, and financial services that include cheque cashing, ATMs, and prepaid card products; NorthMart stores that provides fresh food, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, fuel, and related services.
It also operates Giant Tiger junior discount stores, which offers family fashion, household products, and food products; Valu Lots discount center and direct-to-customer food distribution outlets for remote communities; solo market, a full service grocery; Pharmacy and Convenience stores; and NWC Motorsports, a dealership that offers sales, service, parts and accessories for Ski-doo, Honda, Can-am and other premier brands.
In addition, the company also engages in distribution of produces and fresh meats; provides contract tele-pharmacist services; and engages in shipping services.
Further, it operates Alaska Commercial Company stores that provides food and general merchandise to remote and rural regions; Pacific Alaska wholesale, a distributor to independent grocery stores, commercial accounts, and individual households; Riteway food markets; and Cost-U-Less mid-size warehouse stores.
Additionally, the company also offers gasoline. The North West Company Inc. was formerly known as North West Company Fund and changed its name to The North West Company Inc. in January 2011. The North West Company Inc. Inc was founded in 1668 and is headquartered in Winnipeg, Canada.
Stock analysis
North West Company Inc (NWC) currently trades at C$59.46, while our model-based Fair Value estimate is C$51.64, 13% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of C$57.63 per share, and 5 of the 25 models we run sit above the C$59.46 price.
Bear case: the Asset-Based group reads lowest at C$10.17, and 20 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: C$31.88 (bear) to C$67.13 (bull), the price of C$59.46 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Consumer Defensive sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
North West Company Inc reported revenue of C$2.6B in FY2026 versus C$2.2B in FY2022, a compound +3.7%/yr. Reported net income was C$139M in FY2026, compounding −2.6%/yr from FY2022.
Key figures
Market cap C$2.9B (≈ $2.1B) Mid · P/E ratio 20.4 · P/S ratio 1.10 · EPS (TTM) C$2.92 · Dividend yield 2.8% · Net margin 5.4% · Return on equity 17.9% · Return on assets (EBIT) 14.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 32% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −19% fair-value upside, at −13%, NWC screens cheaper than that median.
Fair Value models
BearC$31.88Fair Value C$51.64BullC$67.13
Price C$59.46 · Downside -13.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 9 months old). Earnings retained since then (C$0.9889 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+0.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.9%
Start year 2021 (pandemic). Over 10 years: +3.8% a year
Revenue growth 32 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.0%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+3.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.3%
Dividend (yield on the price)2.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.0.3% vs 7.2%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.9% → 8%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+11.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (Canada: IMF forecast 2.1% a year to 2030, 2.6% from 2016 to 2025) that is about +8.8% a year for the price and +1.6% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Grocery Stores · 73 stocks
Beats the industry median on 8/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score63 · Above median
Fair Value upside−13.2% · Below median
Profitability
Return on equity (12 months)17.9% · Above median
Return on assets8.9% · Top 25%
Net margin (12 months)5.4% · Top 25%
Operating margin (12 months)8.5% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)5.4% · Above median
Dividend yield (12 months)2.8% · Above median
Balance sheet
Debt / equity0.39× · Above median
Valuation Multiplesvs Grocery Stores median · lower = cheaper
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Cite: Fair Value Calculator (2026). "North West Company Inc Fair Value". https://www.fairvalue-calculator.com/stock/NWC
Frequently asked questions
Is North West Company Inc (NWC) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of C$51.64 versus a price of C$59.46, about 13% lower (overvalued).
What is the fair value of NWC?
Our model-based fair value for North West Company Inc is C$51.64 (as of Nov 6, 2026), built from audited fundamentals. The current price: C$59.46.
What is the quality score of NWC?
North West Company Inc has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for North West Company Inc (NWC)?
Our model-based price target is the fair value of C$51.64 (as of Nov 6, 2026) from 25 valuation models. Cautious scenario C$31.88, optimistic scenario C$67.13. It is a calculation from audited fundamentals, not an analyst target.
What is the North West Company Inc stock forecast for 2026?
Our models put fair value at C$51.64, about 13% lower versus a price of C$59.46 (overvalued). Cautious scenario C$31.88, optimistic scenario C$67.13. The calculation is refreshed regularly with new filings.
What is the revenue of North West Company Inc (NWC)?
North West Company Inc reported trailing-twelve-month revenue of about C$2.6B (latest available figure, as of Nov 6, 2026).
Does North West Company Inc pay a dividend?
North West Company Inc currently shows a dividend yield of 2.76% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of North West Company Inc (NWC) and when is the ex-dividend date?
North West Company Inc pays a dividend of C$1.64 per share a year, a dividend yield of 2.8%. The last ex-dividend date was Sep 29, 2026. A dividend has been paid every year since at least 1997. The payout ratio is 56.2% of earnings. Free cash flow covers the dividend 1.82 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into North West Company Inc (NWC)?
For today's price to be fair in a discounted-cash-flow model, North West Company Inc would have to grow free cash flow by +11.1 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.0 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of NWC use?
Our models discount North West Company Inc at 9.6 %: a base by market capitalisation (small), damped by beta 0.40, country premium for Canada. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For North West Company Inc that is +11.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has North West Company Inc (NWC) delivered so far?
Over the past 5 years revenue at North West Company Inc grew +2.0 % a year. The price currently implies free-cash-flow growth of +11.1 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of North West Company Inc (NWC) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into North West Company Inc (+11.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of North West Company Inc (NWC)?
The free-cash-flow yield on the price is 4.88 %: that much free cash flow North West Company Inc produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of North West Company Inc (NWC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For North West Company Inc it is C$51.64 per share (as of Nov 6, 2026), against a price of C$59.46. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is North West Company Inc stock overvalued or undervalued in 2026?
As of Nov 6, 2026, NWC trades above its calculated fair value: price C$59.46, fair value C$51.64, a gap of about −13% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NWC?
No. The price is what the market pays today (C$59.46); the fair value is what the company's own numbers justify (C$51.64). For North West Company Inc the two are C$7.82 per share apart. That gap is exactly why we show both numbers side by side.
How much is North West Company Inc worth?
The market values North West Company Inc at about C$2.9B (market capitalisation, as of Nov 6, 2026). Per share that is C$59.46; our models calculate a fair value of C$51.64 per share.
What do the bullish and bearish scenarios say about NWC?
Our models span a range for North West Company Inc: cautious scenario C$31.88, base C$51.64, optimistic C$67.13 per share (as of Nov 6, 2026, price C$59.46). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NWC?
North West Company Inc trades at a price-to-earnings ratio of 20.4 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$51.64 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings: 16.4. Other multiples: PEG 0.9, P/B 3.6, P/S 1.1, EV/EBITDA 9.9.
What is the PEG ratio of NWC?
The PEG ratio of North West Company Inc is 0.91 (P/E divided by earnings growth, as of Nov 6, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of North West Company Inc (NWC)?
Balance-sheet figures for North West Company Inc (as of Nov 6, 2026): return on equity 17.9%, debt of 0.39 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is NWC from its 52-week high?
North West Company Inc trades at C$59.46, at its 52-week high of C$59.46 and 32% above the low of C$44.91 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of C$51.64 is for.
Which stocks are comparable to North West Company Inc?
From the same area (Consumer Defensive) we also value Loblaw Companies Limited, The Kroger Co, Woolworths Group, Koninklijke Ahold Delhaize N.V, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is North West Company Inc stock attractive at the current price?
The data as of Nov 6, 2026: price C$59.46, calculated fair value C$51.64 (−13%), Quality Score 63/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NWC calculated?
We run North West Company Inc through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of C$51.64 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. North West Company Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of North West Company Inc (NWC)?
The closing price on Nov 6, 2026 was C$59.46. Our model-based fair value is C$51.64, about 13% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with North West Company Inc right now?
Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (C$31.88 to C$67.13) leaves room in how you read the outcome.
Where does the earnings growth of North West Company Inc (NWC) come from?
Earnings per share at North West Company Inc grew +7.7 % a year from 2015 to 2026. Broken into its drivers: revenue per share +4.3 %, EBIT margin +3.1 %, tax rate +0.8 %, residual (interest, one-offs) −0.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of North West Company Inc
How large is the market capitalisation of North West Company Inc (NWC)?
The market capitalisation of North West Company Inc is C$2.9B (≈ $2.1B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of North West Company Inc (NWC)?
The price-to-sales ratio of North West Company Inc is 1.10 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of North West Company Inc (NWC)?
Earnings per share at North West Company Inc are C$2.92 (price ÷ EPS = P/E 20.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of North West Company Inc (NWC)?
The dividend yield of North West Company Inc is 2.8% (payout 56.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of North West Company Inc (NWC)?
The net margin of North West Company Inc is 5.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of North West Company Inc (NWC)?
The return on equity (ROE) of North West Company Inc is 17.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of North West Company Inc (NWC)?
On an EBIT basis the return on assets of North West Company Inc is 14.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of North West Company Inc (NWC)?
The operating margin of North West Company Inc is 8.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at North West Company Inc (NWC)?
Revenue at North West Company Inc is growing +5.4% versus a year earlier (3y avg +3.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at North West Company Inc (NWC)?
Earnings per share at North West Company Inc are growing +2.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does North West Company Inc (NWC) carry?
The net debt of North West Company Inc is C$349M (fiscal year 2026, ≈ 2.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 6, 2026