CI FINANCIAL CORP (CIX.CA) Stock Fundamental Analysis
TSX:CIX - Toronto Stock Exchange - CA1254911003 - Common Stock - Currency: CAD
CIX gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 81 industry peers in the Capital Markets industry. There are concerns on the financial health of CIX while its profitability can be described as average. CIX may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
In the past year CIX was profitable.
In the past year CIX had a positive cash flow from operations.
Of the past 5 years CIX 4 years were profitable.
In the past 5 years CIX always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of -2.35%, CIX is doing worse than 77.78% of the companies in the same industry.
The Return On Equity of CIX (-65.67%) is worse than 87.65% of its industry peers.
Looking at the Return On Invested Capital, with a value of 8.17%, CIX belongs to the top of the industry, outperforming 83.95% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for CIX is in line with the industry average of 7.88%.
The last Return On Invested Capital (8.17%) for CIX is above the 3 year average (7.66%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.35% | ||
| ROE | -65.67% | ||
| ROIC | 8.17% |
ROA(3y)-0.23%
ROA(5y)2.31%
ROE(3y)-27.12%
ROE(5y)-5.1%
ROIC(3y)7.66%
ROIC(5y)8.88%
1.3 Margins
Looking at the Operating Margin, with a value of 16.80%, CIX is doing worse than 60.49% of the companies in the same industry.
CIX's Operating Margin has declined in the last couple of years.
The Gross Margin of CIX (82.61%) is better than 82.72% of its industry peers.
In the last couple of years the Gross Margin of CIX has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.8% | ||
| PM (TTM) | N/A | ||
| GM | 82.61% |
OM growth 3Y-26.25%
OM growth 5Y-17.67%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.37%
GM growth 5Y-1.76%
2. Health
2.1 Basic Checks
CIX has less shares outstanding than it did 1 year ago.
The number of shares outstanding for CIX has been reduced compared to 5 years ago.
CIX has a worse debt/assets ratio than last year.
2.2 Solvency
CIX has an Altman-Z score of 0.03. This is a bad value and indicates that CIX is not financially healthy and even has some risk of bankruptcy.
CIX has a Altman-Z score (0.03) which is comparable to the rest of the industry.
The Debt to FCF ratio of CIX is 9.06, which is on the high side as it means it would take CIX, 9.06 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of CIX (9.06) is better than 60.49% of its industry peers.
CIX has a Debt/Equity ratio of 8.69. This is a high value indicating a heavy dependency on external financing.
CIX's Debt to Equity ratio of 8.69 is on the low side compared to the rest of the industry. CIX is outperformed by 92.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.69 | ||
| Debt/FCF | 9.06 | ||
| Altman-Z | 0.03 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.29 indicates that CIX may have some problems paying its short term obligations.
CIX's Current ratio of 0.29 is on the low side compared to the rest of the industry. CIX is outperformed by 86.42% of its industry peers.
A Quick Ratio of 0.29 indicates that CIX may have some problems paying its short term obligations.
The Quick ratio of CIX (0.29) is worse than 86.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.29 | ||
| Quick Ratio | 0.29 |
3. Growth
3.1 Past
CIX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.06%, which is quite impressive.
Measured over the past years, CIX shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.48% on average per year.
CIX shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.26%.
CIX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.96% yearly.
EPS 1Y (TTM)20.06%
EPS 3Y6.7%
EPS 5Y9.48%
EPS Q2Q%11.63%
Revenue 1Y (TTM)14.26%
Revenue growth 3Y11.06%
Revenue growth 5Y6.96%
Sales Q2Q%22%
3.2 Future
CIX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.57% yearly.
Based on estimates for the next years, CIX will show a small growth in Revenue. The Revenue will grow by 3.37% on average per year.
EPS Next Y11.35%
EPS Next 2Y10.02%
EPS Next 3Y4.73%
EPS Next 5Y5.57%
Revenue Next Year2.26%
Revenue Next 2Y2.39%
Revenue Next 3Y-3.24%
Revenue Next 5Y3.37%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
CIX is valuated reasonably with a Price/Earnings ratio of 8.21.
CIX's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 26.99. CIX is valued rather cheaply when compared to this.
CIX is valuated cheaply with a Price/Forward Earnings ratio of 6.96.
Based on the Price/Forward Earnings ratio, CIX is valued a bit cheaper than the industry average as 70.37% of the companies are valued more expensively.
CIX's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.21 | ||
| Fwd PE | 6.96 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as CIX.
80.25% of the companies in the same industry are more expensive than CIX, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.02 | ||
| EV/EBITDA | 11.71 |
4.3 Compensation for Growth
CIX's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.72
PEG (5Y)0.87
EPS Next 2Y10.02%
EPS Next 3Y4.73%
5. Dividend
5.1 Amount
CIX has a Yearly Dividend Yield of 2.51%. Purely for dividend investing, there may be better candidates out there.
CIX's Dividend Yield is comparable with the industry average which is at 4.54.
Compared to an average S&P500 Dividend Yield of 2.40, CIX has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.51% |
5.2 History
The dividend of CIX has a limited annual growth rate of 1.95%.
CIX has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of CIX decreased recently.
Dividend Growth(5Y)1.95%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
The earnings of CIX are negative and hence is the payout ratio. CIX will probably not be able to sustain this dividend level.
The dividend of CIX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-44.37%
EPS Next 2Y10.02%
EPS Next 3Y4.73%
TSX:CIX (8/6/2025, 7:00:00 PM)
31.94
0 (0%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners14.23%
Inst Owner ChangeN/A
Ins Owners16.8%
Ins Owner ChangeN/A
Market Cap4.61B
Analysts46
Price Target31.11 (-2.6%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.51% |
Yearly Dividend0.81
Dividend Growth(5Y)1.95%
DP-44.37%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.66%
Min EPS beat(2)-2.01%
Max EPS beat(2)9.32%
EPS beat(4)3
Avg EPS beat(4)4.85%
Min EPS beat(4)-2.01%
Max EPS beat(4)9.32%
EPS beat(8)5
Avg EPS beat(8)1.91%
EPS beat(12)6
Avg EPS beat(12)1.88%
EPS beat(16)8
Avg EPS beat(16)1.24%
Revenue beat(2)1
Avg Revenue beat(2)-6.74%
Min Revenue beat(2)-14.02%
Max Revenue beat(2)0.53%
Revenue beat(4)3
Avg Revenue beat(4)6.33%
Min Revenue beat(4)-14.02%
Max Revenue beat(4)34.74%
Revenue beat(8)5
Avg Revenue beat(8)3.41%
Revenue beat(12)8
Avg Revenue beat(12)2.47%
Revenue beat(16)8
Avg Revenue beat(16)-2.32%
PT rev (1m)0%
PT rev (3m)-0.81%
EPS NQ rev (1m)-6.38%
EPS NQ rev (3m)-13.56%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)1.73%
Revenue NY rev (3m)0.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.21 | ||
| Fwd PE | 6.96 | ||
| P/S | 1.5 | ||
| P/FCF | 9.02 | ||
| P/OCF | 7.81 | ||
| P/B | 11.41 | ||
| P/tB | N/A | ||
| EV/EBITDA | 11.71 |
EPS(TTM)3.89
EY12.18%
EPS(NY)4.59
Fwd EY14.36%
FCF(TTM)3.54
FCFY11.08%
OCF(TTM)4.09
OCFY12.8%
SpS21.27
BVpS2.8
TBVpS-55.37
PEG (NY)0.72
PEG (5Y)0.87
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.35% | ||
| ROE | -65.67% | ||
| ROCE | 11.35% | ||
| ROIC | 8.17% | ||
| ROICexc | 8.53% | ||
| ROICexgc | N/A | ||
| OM | 16.8% | ||
| PM (TTM) | N/A | ||
| GM | 82.61% | ||
| FCFM | 16.64% |
ROA(3y)-0.23%
ROA(5y)2.31%
ROE(3y)-27.12%
ROE(5y)-5.1%
ROIC(3y)7.66%
ROIC(5y)8.88%
ROICexc(3y)7.95%
ROICexc(5y)9.56%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)10.64%
ROCE(5y)12.33%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y-10.17%
ROICexc growth 5Y-18.16%
OM growth 3Y-26.25%
OM growth 5Y-17.67%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.37%
GM growth 5Y-1.76%
F-Score4
Asset Turnover0.27
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.69 | ||
| Debt/FCF | 9.06 | ||
| Debt/EBITDA | 4.57 | ||
| Cap/Depr | 31.42% | ||
| Cap/Sales | 2.58% | ||
| Interest Coverage | 2.36 | ||
| Cash Conversion | 76.81% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.29 | ||
| Quick Ratio | 0.29 | ||
| Altman-Z | 0.03 |
F-Score4
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)29.4%
Cap/Depr(5y)35.19%
Cap/Sales(3y)2.17%
Cap/Sales(5y)1.77%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)20.06%
EPS 3Y6.7%
EPS 5Y9.48%
EPS Q2Q%11.63%
EPS Next Y11.35%
EPS Next 2Y10.02%
EPS Next 3Y4.73%
EPS Next 5Y5.57%
Revenue 1Y (TTM)14.26%
Revenue growth 3Y11.06%
Revenue growth 5Y6.96%
Sales Q2Q%22%
Revenue Next Year2.26%
Revenue Next 2Y2.39%
Revenue Next 3Y-3.24%
Revenue Next 5Y3.37%
EBIT growth 1Y13.56%
EBIT growth 3Y-18.1%
EBIT growth 5Y-11.94%
EBIT Next Year64.14%
EBIT Next 3Y7.37%
EBIT Next 5Y18.28%
FCF growth 1Y18.35%
FCF growth 3Y-10.64%
FCF growth 5Y-3.17%
OCF growth 1Y26.14%
OCF growth 3Y-5.55%
OCF growth 5Y0.11%