CI FINANCIAL CORP (CIX.CA) Stock Fundamental Analysis
TSX:CIX - Toronto Stock Exchange - CA1254911003 - Common Stock - Currency: CAD
We assign a fundamental rating of 4 out of 10 to CIX. CIX was compared to 82 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!
1. Profitability
1.1 Basic Checks
In the past year CIX was profitable.
CIX had a positive operating cash flow in the past year.
CIX had positive earnings in 4 of the past 5 years.
In the past 5 years CIX always reported a positive cash flow from operatings.
1.2 Ratios
CIX's Return On Assets of -2.35% is on the low side compared to the rest of the industry. CIX is outperformed by 79.27% of its industry peers.
CIX's Return On Equity of -65.67% is on the low side compared to the rest of the industry. CIX is outperformed by 85.37% of its industry peers.
CIX's Return On Invested Capital of 8.17% is amongst the best of the industry. CIX outperforms 84.15% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CIX is in line with the industry average of 7.80%.
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
CIX has a Operating Margin of 16.80%. This is in the lower half of the industry: CIX underperforms 60.98% of its industry peers.
In the last couple of years the Operating Margin of CIX has declined.
CIX has a better Gross Margin (82.61%) than 82.93% 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
The number of shares outstanding for CIX has been reduced compared to 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 in line with its industry peers.
CIX has a debt to FCF ratio of 9.06. This is a negative value and a sign of low solvency as CIX would need 9.06 years to pay back of all of its debts.
CIX's Debt to FCF ratio of 9.06 is in line compared to the rest of the industry. CIX outperforms 59.76% 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 has a worse Debt to Equity ratio (8.69) than 90.24% 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 84.15% 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 84.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.29 | ||
| Quick Ratio | 0.29 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 20.06% 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.
CIX shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.26%.
Measured over the past years, CIX shows a small growth in Revenue. The Revenue has been growing by 6.96% on average per year.
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
Based on estimates for the next years, CIX will show a small growth in Earnings Per Share. The EPS will grow by 5.58% on average per year.
CIX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.38% yearly.
EPS Next Y11.35%
EPS Next 2Y10.02%
EPS Next 3Y4.73%
EPS Next 5Y5.58%
Revenue Next Year0.52%
Revenue Next 2Y1.02%
Revenue Next 3Y-3.24%
Revenue Next 5Y3.38%
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
Based on the Price/Earnings ratio of 8.11, the valuation of CIX can be described as reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of CIX is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 26.53, CIX is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 6.87, the valuation of CIX can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CIX indicates a somewhat cheap valuation: CIX is cheaper than 70.73% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.27, CIX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.11 | ||
| Fwd PE | 6.87 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as CIX.
Based on the Price/Free Cash Flow ratio, CIX is valued cheaply inside the industry as 80.49% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.91 | ||
| EV/EBITDA | 11.63 |
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)0.71
PEG (5Y)0.86
EPS Next 2Y10.02%
EPS Next 3Y4.73%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.54%, CIX has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.22, CIX pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.39, CIX has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.54% |
5.2 History
The dividend of CIX has a limited annual growth rate of 1.95%.
CIX has paid a dividend for at least 10 years, which is 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
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-44.37%
EPS Next 2Y10.02%
EPS Next 3Y4.73%
TSX:CIX (6/6/2025, 7:00:00 PM)
31.53
0 (0%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners13.66%
Inst Owner ChangeN/A
Ins Owners16.95%
Ins Owner ChangeN/A
Market Cap4.55B
Analysts47.27
Price Target31.37 (-0.51%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.54% |
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%
EPS NQ rev (1m)-5.45%
EPS NQ rev (3m)-5.08%
EPS NY rev (1m)0%
EPS NY rev (3m)0.56%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.11 | ||
| Fwd PE | 6.87 | ||
| P/S | 1.48 | ||
| P/FCF | 8.91 | ||
| P/OCF | 7.71 | ||
| P/B | 11.26 | ||
| P/tB | N/A | ||
| EV/EBITDA | 11.63 |
EPS(TTM)3.89
EY12.34%
EPS(NY)4.59
Fwd EY14.55%
FCF(TTM)3.54
FCFY11.23%
OCF(TTM)4.09
OCFY12.97%
SpS21.28
BVpS2.8
TBVpS-55.37
PEG (NY)0.71
PEG (5Y)0.86
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 5Y5.58%
Revenue 1Y (TTM)14.26%
Revenue growth 3Y11.06%
Revenue growth 5Y6.96%
Sales Q2Q%22%
Revenue Next Year0.52%
Revenue Next 2Y1.02%
Revenue Next 3Y-3.24%
Revenue Next 5Y3.38%
EBIT growth 1Y13.56%
EBIT growth 3Y-18.1%
EBIT growth 5Y-11.94%
EBIT Next Year64.14%
EBIT Next 3Y7.37%
EBIT Next 5Y18.29%
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%