ELEMENT FLEET MANAGEMENT - EFNCN 6.21 PERP (EFN-PR-C.CA) Stock Fundamental Analysis
TSX:EFN-PR-C - Toronto Stock Exchange - CA2861818391 - Currency: CAD
Taking everything into account, EFN-PR-C scores 5 out of 10 in our fundamental rating. EFN-PR-C was compared to 24 industry peers in the Commercial Services & Supplies industry. EFN-PR-C has an excellent profitability rating, 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.
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.
Each year in the past 5 years EFN-PR-C has been profitable.
Of the past 5 years EFN-PR-C 4 years had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.25%, EFN-PR-C is in the better half of the industry, outperforming 70.37% of the companies in the same industry.
Looking at the Return On Equity, with a value of 14.70%, EFN-PR-C belongs to the top of the industry, outperforming 81.48% of the companies in the same industry.
With a Return On Invested Capital value of 2.92%, EFN-PR-C perfoms like the industry average, outperforming 51.85% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for EFN-PR-C is significantly below the industry average of 7.94%.
The 3 year average ROIC (2.76%) for EFN-PR-C is below the current ROIC(2.92%), indicating increased profibility in the last year.
| Industry Rank | Sector 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%
1.3 Margins
EFN-PR-C has a Profit Margin of 17.86%. This is amongst the best in the industry. EFN-PR-C outperforms 92.59% of its industry peers.
EFN-PR-C's Profit Margin has improved in the last couple of years.
EFN-PR-C's Operating Margin of 19.63% is amongst the best of the industry. EFN-PR-C outperforms 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 Rank | Sector 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%
2. Health
2.1 Basic Checks
EFN-PR-C has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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.
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.
EFN-PR-C has a Altman-Z score (1.49) which is comparable to the rest of the 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.14 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.49 |
ROIC/WACC0.39
WACC7.59%
2.3 Liquidity
EFN-PR-C has a Current Ratio of 7.35. This indicates that EFN-PR-C is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of EFN-PR-C (7.35) is better 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 Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 7.35 | ||
| Quick Ratio | 7.35 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 1.03% over the past year.
EFN-PR-C shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.35% yearly.
Looking at the last year, EFN-PR-C shows a very strong growth in Revenue. The Revenue has grown by 22.62%.
The Revenue has been growing slightly by 6.61% on average over the past years.
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
EFN-PR-C is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.19% yearly.
The Revenue is expected to grow by 12.49% on average over the next years. This is quite good.
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.
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 the industry average as 70.37% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of EFN-PR-C to the average of the S&P500 Index (24.12), we can say EFN-PR-C is valued inline with the index average.
EFN-PR-C is valuated correctly with a Price/Forward Earnings ratio of 15.06.
Based on the Price/Forward Earnings ratio, EFN-PR-C is valued a bit cheaper than 70.37% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.42, EFN-PR-C is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.19 | ||
| Fwd PE | 15.06 |
4.2 Price Multiples
EFN-PR-C's Enterprise Value to EBITDA ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.91 |
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.
EFN-PR-C's earnings are expected to grow with 16.19% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.88
PEG (5Y)1.87
EPS Next 2Y16.05%
EPS Next 3Y16.19%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.91%, EFN-PR-C has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.41, 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 2.44.
| Industry Rank | Sector 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
5.3 Sustainability
39.89% of the earnings are spent on dividend by EFN-PR-C. This is a low number and sustainable payout ratio.
The dividend of EFN-PR-C is growing, but earnings are growing more, so the dividend growth is sustainable.
DP39.89%
EPS Next 2Y16.05%
EPS Next 3Y16.19%
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)
Earnings (Next)
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 Rank | Sector 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 Rank | Sector 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 Rank | Sector 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 Rank | Sector 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