ELEMENT FLEET MANAGEMENT - EFNCN 6.21 PERP (EFN-PR-C.CA) Stock Fundamental Analysis
TSX:EFN-PR-C - Toronto Stock Exchange - CA2861818391 - Currency: CAD
EFN-PR-C gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 24 industry peers in the Commercial Services & Supplies industry. While EFN-PR-C belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. EFN-PR-C has a decent growth rate and is not valued too expensively.
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
With a decent Return On Assets value of 3.25%, EFN-PR-C is doing good in the industry, outperforming 70.37% of the companies in the same industry.
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.
EFN-PR-C's Return On Invested Capital of 2.92% is in line compared to the rest of the industry. EFN-PR-C outperforms 51.85% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for EFN-PR-C is significantly below the industry average of 7.91%.
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 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.
With an excellent Operating Margin value of 19.63%, EFN-PR-C belongs to the best of the industry, outperforming 96.30% of the companies in the same industry.
EFN-PR-C's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 73.48%, EFN-PR-C belongs to the top 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), EFN-PR-C is destroying value.
Compared to 1 year ago, EFN-PR-C has less shares outstanding
EFN-PR-C has less shares outstanding than it did 5 years ago.
EFN-PR-C has a worse debt/assets ratio than last year.
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 in line with its industry peers.
A Debt/Equity ratio of 3.14 is on the high side and indicates that EFN-PR-C has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 3.14, EFN-PR-C is doing worse than 70.37% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.14 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.49 |
ROIC/WACC0.39
WACC7.59%
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 Current ratio of 7.35. This is amongst the best in the industry. EFN-PR-C outperforms 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 Quick ratio of 7.35. This is amongst the best in the industry. EFN-PR-C outperforms 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.
The Revenue has grown by 22.62% in the past year. This is a very strong growth!
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
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
EFN-PR-C is valuated rather expensively with a Price/Earnings ratio of 21.19.
Compared to the rest of the industry, the Price/Earnings ratio of EFN-PR-C indicates a somewhat cheap valuation: EFN-PR-C is cheaper than 70.37% of the companies listed in the same industry.
EFN-PR-C's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.25.
Based on the Price/Forward Earnings ratio of 15.06, the valuation of EFN-PR-C can be described as correct.
EFN-PR-C's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. EFN-PR-C is cheaper than 70.37% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.15, 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 is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.91 |
4.3 Compensation for Growth
EFN-PR-C's 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.
EFN-PR-C's Dividend Yield is a higher than the industry average which is at 2.38.
Compared to an average S&P500 Dividend Yield of 2.38, EFN-PR-C has a dividend comparable with the average S&P500 company.
| 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 been paying a dividend for at least 10 years, so it has 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