Alimentation Couche-Tard: A Growing Profit Powerhouse Delivering Strong Cash Flows

  • Alimentation Couche-Tard is a strong buy due to its robust operational profile, extensive global network, and impressive returns despite a competitive environment. Third-quarter results were solid, with total revenues up 6.5% YoY, driven by a 45% increase in European sales and strong merchandise and fuel sales. The firm's acquisition strategy and efficient operations have led to a potential 23% undervaluation, with my DCF suggesting a stock value of $90 per share.