Looking at the 2 companies below:

1. What has been the trading range of each company?

2.What company has a more attractive valuation?

3.What company has a more attractive dividend policy?

00 Assignment #1 FINANCIAL TEMPLATE B -year P/E trend using closing price (use Empire pg 90 and Metro pg 3) EMPIRE F2020 F2019 F2018 F2017 F2016 EPS - adjusted $ $ 2.20 $ 1.50 $ 1.26 $ 1.50$ 2.20 $ 37.36 $ 31.11$ 26.15$ 22.56 $ 30.79 Share Price - High Share Price - Low $ 24.29 $ 22.69$ 18.74 $ 15.00 $ 20.23 P/E - High 16.98 20.74 20.75 32.23 20.53 P/E - Low 11.04 15.12 14.87 21.43 13.49 Dividend analysis - 5-year trend (use Empire pg 90 and Metro pg 3) EMPIRE F2020 F2019 F2018 F2017 F2016 DPS 0.48 0.44 0.42 0.41 0.40 Dividend Growth (%) 9.09% 4.76% 2.43% 2.5% Payout ratio (%) 21.82% 29.33% 33.33% 58.57% 26.67% 1.47% 1.68% 1.91% 1.90% Dividend Yield" (%) 1.54% *NOTE: use year end share price METRO F2019 F2018 F2017 F2016 F2015 EPS - adjusted $ 2.84 $ 2.41 $ 2.31 $ 2.39 $ 2.03 Share Price - High $ 58.94 $ 45.44 $ 47.41 $ 48.19 $ 38.10 Share Price - Low $ $ 39.04 $ 38.32 $ 38.00 $ 35.61$ 24.27 P/E - High 13.8 15.9 16.5 14.9 12.0 P/E - Low 20.8 18.9 20.5 20.2 18.8 METRO F2019 F2018 F2017 F2016 F2015 DPS 0.780 0.7025 0.6275 0.5367 0.450 11.03% 11.95% 16.92% 19.27% Dividend Growth (%) Payout ratio (%) 27.46% 29.15% 27.16%) 22.46% 22.17% 1.75%) 1.46% 1.22% 1.26% Dividend Yield* (%) 1.35% *NOTE: use year end share price