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CI Financial Corp (CIX.CA) Stock Fundamental Analysis

Canada - TSX:CIX - CA1254911003 - Common Stock

31.99 CAD
0 (0%)
Last: 8/14/2025, 7:00:00 PM
Fundamental Rating

4

CIX gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 80 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 is valued quite cheap, while showing a decent growth score. This is a good combination!


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

CIX had positive earnings in the past year.
In the past year CIX had a positive cash flow from operations.
Of the past 5 years CIX 4 years were profitable.
Each year in the past 5 years CIX had a positive operating cash flow.
CIX.CA Yearly Net Income VS EBIT VS OCF VS FCFCIX.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M 600M 800M

1.2 Ratios

CIX has a worse Return On Assets (-2.72%) than 76.83% of its industry peers.
The Return On Equity of CIX (-62.17%) is worse than 86.59% of its industry peers.
CIX has a Return On Invested Capital of 9.20%. This is amongst the best in the industry. CIX outperforms 82.93% of its industry peers.
CIX had an Average Return On Invested Capital over the past 3 years of 7.66%. This is in line with the industry average of 8.46%.
The 3 year average ROIC (7.66%) for CIX is below the current ROIC(9.20%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA -2.72%
ROE -62.17%
ROIC 9.2%
ROA(3y)-0.23%
ROA(5y)2.31%
ROE(3y)-27.12%
ROE(5y)-5.1%
ROIC(3y)7.66%
ROIC(5y)8.88%
CIX.CA Yearly ROA, ROE, ROICCIX.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100

1.3 Margins

CIX has a Operating Margin of 20.24%. This is comparable to the rest of the industry: CIX outperforms 42.68% of its industry peers.
CIX's Operating Margin has declined in the last couple of years.
With an excellent Gross Margin value of 82.50%, CIX belongs to the best of the industry, outperforming 82.93% of the companies in the same industry.
CIX's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 20.24%
PM (TTM) N/A
GM 82.5%
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%
CIX.CA Yearly Profit, Operating, Gross MarginsCIX.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60 80

2

2. Health

2.1 Basic Checks

Compared to 1 year ago, CIX has less shares outstanding
CIX has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, CIX has a worse debt to assets ratio.
CIX.CA Yearly Shares OutstandingCIX.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
CIX.CA Yearly Total Debt VS Total AssetsCIX.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

CIX has an Altman-Z score of 0.17. This is a bad value and indicates that CIX is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.17, CIX is not doing good in the industry: 78.05% of the companies in the same industry are doing better.
CIX has a debt to FCF ratio of 9.62. This is a negative value and a sign of low solvency as CIX would need 9.62 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 9.62, CIX is in the better half of the industry, outperforming 63.41% of the companies in the same industry.
CIX has a Debt/Equity ratio of 7.95. This is a high value indicating a heavy dependency on external financing.
CIX has a Debt to Equity ratio of 7.95. This is amonst the worse of the industry: CIX underperforms 87.80% of its industry peers.
Industry RankSector Rank
Debt/Equity 7.95
Debt/FCF 9.62
Altman-Z 0.17
ROIC/WACCN/A
WACCN/A
CIX.CA Yearly LT Debt VS Equity VS FCFCIX.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

2.3 Liquidity

A Current Ratio of 0.33 indicates that CIX may have some problems paying its short term obligations.
The Current ratio of CIX (0.33) is worse than 84.15% of its industry peers.
CIX has a Quick Ratio of 0.33. This is a bad value and indicates that CIX is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.33, CIX is not doing good in the industry: 84.15% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.33
Quick Ratio 0.33
CIX.CA Yearly Current Assets VS Current LiabilitesCIX.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

4

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 14.79% over the past year.
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.
The Revenue has grown by 12.99% in the past year. This is quite good.
The Revenue has been growing slightly by 6.96% on average over the past years.
EPS 1Y (TTM)14.79%
EPS 3Y6.7%
EPS 5Y9.48%
EPS Q2Q%-1.11%
Revenue 1Y (TTM)12.99%
Revenue growth 3Y11.06%
Revenue growth 5Y6.96%
Sales Q2Q%-8.84%

3.2 Future

Based on estimates for the next years, CIX will show a small growth in Earnings Per Share. The EPS will grow by 5.59% on average per year.
The Revenue is expected to grow by 3.39% on average over the next years.
EPS Next Y11.35%
EPS Next 2Y10.02%
EPS Next 3Y4.73%
EPS Next 5Y5.59%
Revenue Next Year2.26%
Revenue Next 2Y2.39%
Revenue Next 3Y-3.24%
Revenue Next 5Y3.39%

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.
CIX.CA Yearly Revenue VS EstimatesCIX.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 1B 2B 3B 4B
CIX.CA Yearly EPS VS EstimatesCIX.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 2 4 6

7

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 8.24, which indicates a very decent valuation of CIX.
The rest of the industry has a similar Price/Earnings ratio as CIX.
CIX is valuated cheaply when we compare the Price/Earnings ratio to 27.20, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 6.97, which indicates a rather cheap valuation of CIX.
Based on the Price/Forward Earnings ratio, CIX is valued a bit cheaper than 69.51% of the companies in the same industry.
CIX's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.70.
Industry RankSector Rank
PE 8.24
Fwd PE 6.97
CIX.CA Price Earnings VS Forward Price EarningsCIX.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CIX indicates a somewhat cheap valuation: CIX is cheaper than 62.20% of the companies listed in the same industry.
CIX's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CIX is cheaper than 81.71% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.97
EV/EBITDA 9.92
CIX.CA Per share dataCIX.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 -40

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.73
PEG (5Y)0.87
EPS Next 2Y10.02%
EPS Next 3Y4.73%

4

5. Dividend

5.1 Amount

CIX has a Yearly Dividend Yield of 2.50%.
CIX's Dividend Yield is a higher than the industry average which is at 2.91.
Compared to an average S&P500 Dividend Yield of 2.38, CIX has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.5%

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
CIX.CA Yearly Dividends per shareCIX.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1

5.3 Sustainability

CIX has negative earnings and hence a negative payout ratio. The dividend may be in danger.
The dividend of CIX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-38.71%
EPS Next 2Y10.02%
EPS Next 3Y4.73%
CIX.CA Yearly Income VS Free CF VS DividendCIX.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M 600M

CI Financial Corp

TSX:CIX (8/14/2025, 7:00:00 PM)

31.99

0 (0%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)08-05 2025-08-05/bmo
Earnings (Next)11-12 2025-11-12/bmo
Inst Owners14.23%
Inst Owner ChangeN/A
Ins Owners16.8%
Ins Owner ChangeN/A
Market Cap4.61B
Analysts46
Price Target32.13 (0.44%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.5%
Yearly Dividend0.81
Dividend Growth(5Y)1.95%
DP-38.71%
Div Incr Years1
Div Non Decr Years1
Ex-Date03-31 2025-03-31 (0.2)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.94%
Min EPS beat(2)-2.01%
Max EPS beat(2)0.14%
EPS beat(4)3
Avg EPS beat(4)3.9%
Min EPS beat(4)-2.01%
Max EPS beat(4)9.32%
EPS beat(8)6
Avg EPS beat(8)2.42%
EPS beat(12)7
Avg EPS beat(12)2.11%
EPS beat(16)9
Avg EPS beat(16)1.37%
Revenue beat(2)2
Avg Revenue beat(2)6.29%
Min Revenue beat(2)0.53%
Max Revenue beat(2)12.04%
Revenue beat(4)3
Avg Revenue beat(4)0.65%
Min Revenue beat(4)-14.02%
Max Revenue beat(4)12.04%
Revenue beat(8)5
Avg Revenue beat(8)2.65%
Revenue beat(12)9
Avg Revenue beat(12)3.61%
Revenue beat(16)9
Avg Revenue beat(16)-1.43%
PT rev (1m)3.28%
PT rev (3m)2.44%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-11.98%
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)1.73%
Valuation
Industry RankSector Rank
PE 8.24
Fwd PE 6.97
P/S 1.48
P/FCF 9.97
P/OCF 9.02
P/B 9.57
P/tB N/A
EV/EBITDA 9.92
EPS(TTM)3.88
EY12.13%
EPS(NY)4.59
Fwd EY14.34%
FCF(TTM)3.21
FCFY10.03%
OCF(TTM)3.55
OCFY11.08%
SpS21.61
BVpS3.34
TBVpS-52.88
PEG (NY)0.73
PEG (5Y)0.87
Profitability
Industry RankSector Rank
ROA -2.72%
ROE -62.17%
ROCE 12.77%
ROIC 9.2%
ROICexc 9.58%
ROICexgc N/A
OM 20.24%
PM (TTM) N/A
GM 82.5%
FCFM 14.85%
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 Turnover0.28
Health
Industry RankSector Rank
Debt/Equity 7.95
Debt/FCF 9.62
Debt/EBITDA 4.31
Cap/Depr 18.94%
Cap/Sales 1.57%
Interest Coverage 2.72
Cash Conversion 57.58%
Profit Quality N/A
Current Ratio 0.33
Quick Ratio 0.33
Altman-Z 0.17
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)14.79%
EPS 3Y6.7%
EPS 5Y9.48%
EPS Q2Q%-1.11%
EPS Next Y11.35%
EPS Next 2Y10.02%
EPS Next 3Y4.73%
EPS Next 5Y5.59%
Revenue 1Y (TTM)12.99%
Revenue growth 3Y11.06%
Revenue growth 5Y6.96%
Sales Q2Q%-8.84%
Revenue Next Year2.26%
Revenue Next 2Y2.39%
Revenue Next 3Y-3.24%
Revenue Next 5Y3.39%
EBIT growth 1Y49.74%
EBIT growth 3Y-18.1%
EBIT growth 5Y-11.94%
EBIT Next Year64.14%
EBIT Next 3Y7.37%
EBIT Next 5Y18.31%
FCF growth 1Y13.97%
FCF growth 3Y-10.64%
FCF growth 5Y-3.17%
OCF growth 1Y14.85%
OCF growth 3Y-5.55%
OCF growth 5Y0.11%