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ELEMENT FLEET MANAGEMENT - EFNCN 6.21 PERP (EFN-PR-C.CA) Stock Fundamental Analysis

TSX:EFN-PR-C - Toronto Stock Exchange - CA2861818391 - Currency: CAD

25  +0.02 (+0.08%)

Fundamental Rating

5

Overall EFN-PR-C gets a fundamental rating of 5 out of 10. We evaluated EFN-PR-C against 24 industry peers in the Commercial Services & Supplies industry. EFN-PR-C scores excellent on profitability, but there are some minor concerns on its financial health. EFN-PR-C is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

In the past year EFN-PR-C was profitable.
EFN-PR-C had a negative operating cash flow in the past year.
In the past 5 years EFN-PR-C has always been profitable.
Of the past 5 years EFN-PR-C 4 years had a positive operating cash flow.
EFN-PR-C.CA Yearly Net Income VS EBIT VS OCF VS FCFEFN-PR-C.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 0 1B -1B 2B

1.2 Ratios

EFN-PR-C's Return On Assets of 3.25% is fine compared to the rest of the industry. EFN-PR-C outperforms 70.37% of its industry peers.
With an excellent Return On Equity value of 14.70%, EFN-PR-C belongs to the best of the industry, outperforming 81.48% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 2.92%, EFN-PR-C is in line with its industry, outperforming 51.85% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for EFN-PR-C is significantly below the industry average of 7.99%.
The last Return On Invested Capital (2.92%) for EFN-PR-C is above the 3 year average (2.76%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 3.25%
ROE 14.7%
ROIC 2.92%
ROA(3y)2.91%
ROA(5y)2.13%
ROE(3y)11.59%
ROE(5y)8.54%
ROIC(3y)2.76%
ROIC(5y)2.2%
EFN-PR-C.CA Yearly ROA, ROE, ROICEFN-PR-C.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5 -5 10 15

1.3 Margins

EFN-PR-C has a better Profit Margin (17.86%) than 92.59% of its industry peers.
In the last couple of years the Profit Margin of EFN-PR-C has grown nicely.
The Operating Margin of EFN-PR-C (19.63%) is better than 96.30% of its industry peers.
EFN-PR-C's Operating Margin has declined in the last couple of years.
With an excellent Gross Margin value of 73.48%, EFN-PR-C belongs to the best of the industry, outperforming 92.59% of the companies in the same industry.
In the last couple of years the Gross Margin of EFN-PR-C has remained more or less at the same level.
Industry RankSector Rank
OM 19.63%
PM (TTM) 17.86%
GM 73.48%
OM growth 3Y-3.76%
OM growth 5YN/A
PM growth 3Y8.06%
PM growth 5YN/A
GM growth 3Y-1.66%
GM growth 5Y0.58%
EFN-PR-C.CA Yearly Profit, Operating, Gross MarginsEFN-PR-C.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 40 60 80

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4

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so EFN-PR-C is destroying value.
Compared to 1 year ago, EFN-PR-C has less shares outstanding
Compared to 5 years ago, EFN-PR-C has less shares outstanding
The debt/assets ratio for EFN-PR-C is higher compared to a year ago.
EFN-PR-C.CA Yearly Shares OutstandingEFN-PR-C.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M
EFN-PR-C.CA Yearly Total Debt VS Total AssetsEFN-PR-C.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 5B 10B 15B 20B 25B

2.2 Solvency

Based on the Altman-Z score of 1.49, we must say that EFN-PR-C is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.49, EFN-PR-C is in line with its industry, outperforming 59.26% of the companies in the same industry.
A Debt/Equity ratio of 3.14 is on the high side and indicates that EFN-PR-C has dependencies on debt financing.
EFN-PR-C has a worse Debt to Equity ratio (3.14) than 70.37% of its industry peers.
Industry RankSector Rank
Debt/Equity 3.14
Debt/FCF N/A
Altman-Z 1.49
ROIC/WACC0.39
WACC7.59%
EFN-PR-C.CA Yearly LT Debt VS Equity VS FCFEFN-PR-C.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5B 10B 15B

2.3 Liquidity

A Current Ratio of 7.35 indicates that EFN-PR-C has no problem at all paying its short term obligations.
EFN-PR-C has a better Current ratio (7.35) than 96.30% of its industry peers.
EFN-PR-C has a Quick Ratio of 7.35. This indicates that EFN-PR-C is financially healthy and has no problem in meeting its short term obligations.
EFN-PR-C has a better Quick ratio (7.35) than 96.30% of its industry peers.
Industry RankSector Rank
Current Ratio 7.35
Quick Ratio 7.35
EFN-PR-C.CA Yearly Current Assets VS Current LiabilitesEFN-PR-C.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B 10B

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6

3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 1.03% over the past year.
The Earnings Per Share has been growing by 11.35% on average over the past years. This is quite good.
The Revenue has grown by 22.62% in the past year. This is a very strong growth!
EFN-PR-C shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.61% yearly.
EPS 1Y (TTM)1.03%
EPS 3Y12.31%
EPS 5Y11.35%
EPS Q2Q%-16.24%
Revenue 1Y (TTM)22.62%
Revenue growth 3Y12.5%
Revenue growth 5Y6.61%
Sales Q2Q%-51.42%

3.2 Future

Based on estimates for the next years, EFN-PR-C will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.19% on average per year.
Based on estimates for the next years, EFN-PR-C will show a quite strong growth in Revenue. The Revenue will grow by 12.49% on average per year.
EPS Next Y23.95%
EPS Next 2Y16.05%
EPS Next 3Y16.19%
EPS Next 5YN/A
Revenue Next Year9.85%
Revenue Next 2Y9.52%
Revenue Next 3Y12.49%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
EFN-PR-C.CA Yearly Revenue VS EstimatesEFN-PR-C.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 500M 1B 1.5B 2B
EFN-PR-C.CA Yearly EPS VS EstimatesEFN-PR-C.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

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4

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 21.19, EFN-PR-C is valued on the expensive side.
Based on the Price/Earnings ratio, EFN-PR-C is valued a bit cheaper than 70.37% of the companies in the same industry.
EFN-PR-C is valuated rather cheaply when we compare the Price/Earnings ratio to 26.69, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 15.06, EFN-PR-C is valued correctly.
70.37% of the companies in the same industry are more expensive than EFN-PR-C, based on the Price/Forward Earnings ratio.
EFN-PR-C's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.29.
Industry RankSector Rank
PE 21.19
Fwd PE 15.06
EFN-PR-C.CA Price Earnings VS Forward Price EarningsEFN-PR-C.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

EFN-PR-C's Enterprise Value to EBITDA is on the same level as the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 14.91
EFN-PR-C.CA Per share dataEFN-PR-C.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 4 6

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.
EFN-PR-C has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as EFN-PR-C's earnings are expected to grow with 16.19% in the coming years.
PEG (NY)0.88
PEG (5Y)1.87
EPS Next 2Y16.05%
EPS Next 3Y16.19%

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5

5. Dividend

5.1 Amount

EFN-PR-C has a Yearly Dividend Yield of 1.91%.
Compared to an average industry Dividend Yield of 2.33, EFN-PR-C pays a bit more dividend than its industry peers.
EFN-PR-C's Dividend Yield is slightly below the S&P500 average, which is at 2.43.
Industry RankSector Rank
Dividend Yield 1.91%

5.2 History

The dividend of EFN-PR-C has a limited annual growth rate of 3.41%.
EFN-PR-C has paid a dividend for at least 10 years, which is a reliable track record.
EFN-PR-C has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)3.41%
Div Incr Years0
Div Non Decr Years3
EFN-PR-C.CA Yearly Dividends per shareEFN-PR-C.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.5 1 1.5

5.3 Sustainability

EFN-PR-C pays out 39.89% of its income as dividend. This is a sustainable payout ratio.
EFN-PR-C's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP39.89%
EPS Next 2Y16.05%
EPS Next 3Y16.19%
EFN-PR-C.CA Yearly Income VS Free CF VS DividendEFN-PR-C.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1B -1B 2B
EFN-PR-C.CA Dividend Payout.EFN-PR-C.CA Dividend Payout, showing the Payout Ratio.EFN-PR-C.CA Dividend Payout.PayoutRetained Earnings

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ELEMENT FLEET MANAGEMENT - EFNCN 6.21 PERP

TSX:EFN-PR-C (6/28/2024, 7:00:00 PM)

25

+0.02 (+0.08%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)05-14 2024-05-14/amc
Earnings (Next)07-31 2024-07-31/amc
Inst OwnersN/A
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap9.72B
Analysts80
Price Target28.97 (15.88%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.91%
Yearly Dividend0.46
Dividend Growth(5Y)3.41%
DP39.89%
Div Incr Years0
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.74%
Min EPS beat(2)-2.58%
Max EPS beat(2)8.06%
EPS beat(4)3
Avg EPS beat(4)5.18%
Min EPS beat(4)-2.58%
Max EPS beat(4)8.72%
EPS beat(8)7
Avg EPS beat(8)10.04%
EPS beat(12)9
Avg EPS beat(12)8.32%
EPS beat(16)13
Avg EPS beat(16)9.1%
Revenue beat(2)1
Avg Revenue beat(2)1.67%
Min Revenue beat(2)-2.79%
Max Revenue beat(2)6.13%
Revenue beat(4)3
Avg Revenue beat(4)2.38%
Min Revenue beat(4)-2.79%
Max Revenue beat(4)6.13%
Revenue beat(8)7
Avg Revenue beat(8)41.85%
Revenue beat(12)11
Avg Revenue beat(12)49.46%
Revenue beat(16)15
Avg Revenue beat(16)56.66%
PT rev (1m)-3.55%
PT rev (3m)-9.12%
EPS NQ rev (1m)-26.47%
EPS NQ rev (3m)-26.64%
EPS NY rev (1m)0%
EPS NY rev (3m)4.5%
Revenue NQ rev (1m)-26.47%
Revenue NQ rev (3m)-23.35%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.42%
Valuation
Industry RankSector Rank
PE 21.19
Fwd PE 15.06
P/S 4.01
P/FCF N/A
P/OCF N/A
P/B 3.3
P/tB 7.16
EV/EBITDA 14.91
EPS(TTM)1.18
EY4.72%
EPS(NY)1.66
Fwd EY6.64%
FCF(TTM)-3.23
FCFYN/A
OCF(TTM)-2.97
OCFYN/A
SpS6.23
BVpS7.57
TBVpS3.49
PEG (NY)0.88
PEG (5Y)1.87
Profitability
Industry RankSector Rank
ROA 3.25%
ROE 14.7%
ROCE 3.86%
ROIC 2.92%
ROICexc 3.1%
ROICexgc 3.61%
OM 19.63%
PM (TTM) 17.86%
GM 73.48%
FCFM N/A
ROA(3y)2.91%
ROA(5y)2.13%
ROE(3y)11.59%
ROE(5y)8.54%
ROIC(3y)2.76%
ROIC(5y)2.2%
ROICexc(3y)2.78%
ROICexc(5y)2.21%
ROICexgc(3y)3.33%
ROICexgc(5y)2.64%
ROCE(3y)3.64%
ROCE(5y)2.91%
ROICexcg growth 3Y16.86%
ROICexcg growth 5YN/A
ROICexc growth 3Y16.79%
ROICexc growth 5YN/A
OM growth 3Y-3.76%
OM growth 5YN/A
PM growth 3Y8.06%
PM growth 5YN/A
GM growth 3Y-1.66%
GM growth 5Y0.58%
F-Score5
Asset Turnover0.18
Health
Industry RankSector Rank
Debt/Equity 3.14
Debt/FCF N/A
Debt/EBITDA 7.54
Cap/Depr 13.8%
Cap/Sales 4.27%
Interest Coverage 0.85
Cash Conversion N/A
Profit Quality N/A
Current Ratio 7.35
Quick Ratio 7.35
Altman-Z 1.49
F-Score5
WACC7.59%
ROIC/WACC0.39
Cap/Depr(3y)13.67%
Cap/Depr(5y)13.88%
Cap/Sales(3y)4.46%
Cap/Sales(5y)4.34%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1.03%
EPS 3Y12.31%
EPS 5Y11.35%
EPS Q2Q%-16.24%
EPS Next Y23.95%
EPS Next 2Y16.05%
EPS Next 3Y16.19%
EPS Next 5YN/A
Revenue 1Y (TTM)22.62%
Revenue growth 3Y12.5%
Revenue growth 5Y6.61%
Sales Q2Q%-51.42%
Revenue Next Year9.85%
Revenue Next 2Y9.52%
Revenue Next 3Y12.49%
Revenue Next 5YN/A
EBIT growth 1Y5.51%
EBIT growth 3Y8.26%
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-171.42%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-162.59%
OCF growth 3YN/A
OCF growth 5YN/A