Question
Ostuni Limited is a Niagara-on-the-Lake, Ontario–based winery producing blended, premium, and ultrapremium wines, which are sold...
Ostuni Limited is a Niagara-on-the-Lake, Ontario–based winery producing blended, premium, and ultrapremium wines, which are sold globally. The company has a strong distribution network in Canada through independent retail locations. The following information has been extracted from the company’s annual report.
| 2020 | 2019 | 2018 | ||||
| Market price per share | $11.10 | $7.41 | $5.34 | |||
| Earnings per share | $0.67 | $0.47 | $0.36 | |||
| Dividends per share | $0.177 | $0.160 | $0.127 | |||
| Net income (in thousands) | $21,498 | $15,632 | $12,187 | |||
| Shareholders’ equity (in thousands) | $178,026 | $158,409 | $147,176 |
A) Calculate Ostuni’s price/earnings ratio from 2018 through 2020. (Round answers to 1 decimal place, e.g. 15.2.)
| 2020 | 2019 | 2018 | ||||
| Price/earnings ratio |
B) Calculate Ostuni’s dividend payout ratio and dividend yield for 2018 through 2020.
| 2020 | 2019 | 2018 | ||||
| Dividend payout ratio | % | % | % | |||
| Dividend yield | % | % |
C) Calculate Ostuni’s return on equity ratio for 2019 and 2020. Note that Ostuni’s articles of incorporation authorize only common shares.
| 2020 | 2019 | |||
| Return on equity ratio | % |
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