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EXCHANGE INCOME CORP (EIF-DB-M.CA) Stock Overview

Canada - TSX:EIF-DB-M - CA301283AP29

128.25 CAD
+0.75 (+0.59%)
Last: 10/8/2025, 7:00:00 PM
Fundamental Rating

4

Taking everything into account, EIF-DB-M scores 4 out of 10 in our fundamental rating. EIF-DB-M was compared to 6 industry peers in the Passenger Airlines industry. EIF-DB-M has an average financial health and profitability rating. EIF-DB-M is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

EIF-DB-M had positive earnings in the past year.
EIF-DB-M had a positive operating cash flow in the past year.
In the past 5 years EIF-DB-M has always been profitable.
EIF-DB-M had a positive operating cash flow in each of the past 5 years.
EIF-DB-M.CA Yearly Net Income VS EBIT VS OCF VS FCFEIF-DB-M.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 100M -100M 200M 300M

1.2 Ratios

EIF-DB-M has a Return On Assets of 2.75%. This is comparable to the rest of the industry: EIF-DB-M outperforms 50.00% of its industry peers.
The Return On Equity of EIF-DB-M (9.07%) is better than 66.67% of its industry peers.
The Return On Invested Capital of EIF-DB-M (5.96%) is better than 66.67% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for EIF-DB-M is in line with the industry average of 5.56%.
Industry RankSector Rank
ROA 2.75%
ROE 9.07%
ROIC 5.96%
ROA(3y)2.91%
ROA(5y)2.52%
ROE(3y)9.73%
ROE(5y)8.37%
ROIC(3y)5.98%
ROIC(5y)5.34%
EIF-DB-M.CA Yearly ROA, ROE, ROICEIF-DB-M.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

EIF-DB-M has a Profit Margin (4.71%) which is in line with its industry peers.
EIF-DB-M's Profit Margin has declined in the last couple of years.
EIF-DB-M's Operating Margin of 11.97% is amongst the best of the industry. EIF-DB-M outperforms 83.33% of its industry peers.
In the last couple of years the Operating Margin of EIF-DB-M has remained more or less at the same level.
EIF-DB-M's Gross Margin of 37.29% is on the low side compared to the rest of the industry. EIF-DB-M is outperformed by 66.67% of its industry peers.
In the last couple of years the Gross Margin of EIF-DB-M has declined.
Industry RankSector Rank
OM 11.97%
PM (TTM) 4.71%
GM 37.29%
OM growth 3Y5.55%
OM growth 5Y0.17%
PM growth 3Y-2.07%
PM growth 5Y-6.07%
GM growth 3Y-0.42%
GM growth 5Y-1.74%
EIF-DB-M.CA Yearly Profit, Operating, Gross MarginsEIF-DB-M.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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4

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), EIF-DB-M is destroying value.
The number of shares outstanding for EIF-DB-M has been increased compared to 1 year ago.
Compared to 5 years ago, EIF-DB-M has more shares outstanding
EIF-DB-M has a worse debt/assets ratio than last year.
EIF-DB-M.CA Yearly Shares OutstandingEIF-DB-M.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
EIF-DB-M.CA Yearly Total Debt VS Total AssetsEIF-DB-M.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

2.2 Solvency

An Altman-Z score of 2.19 indicates that EIF-DB-M is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of EIF-DB-M (2.19) is better than 83.33% of its industry peers.
A Debt/Equity ratio of 1.67 is on the high side and indicates that EIF-DB-M has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.67, EIF-DB-M is in line with its industry, outperforming 50.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.67
Debt/FCF N/A
Altman-Z 2.19
ROIC/WACC0.72
WACC8.29%
EIF-DB-M.CA Yearly LT Debt VS Equity VS FCFEIF-DB-M.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B 2B

2.3 Liquidity

A Current Ratio of 2.24 indicates that EIF-DB-M has no problem at all paying its short term obligations.
The Current ratio of EIF-DB-M (2.24) is better than 83.33% of its industry peers.
EIF-DB-M has a Quick Ratio of 1.47. This is a normal value and indicates that EIF-DB-M is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.47, EIF-DB-M belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.24
Quick Ratio 1.47
EIF-DB-M.CA Yearly Current Assets VS Current LiabilitesEIF-DB-M.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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6

3. Growth

3.1 Past

EIF-DB-M shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12.95%, which is quite good.
EIF-DB-M shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.27% yearly.
Looking at the last year, EIF-DB-M shows a small growth in Revenue. The Revenue has grown by 6.87% in the last year.
EIF-DB-M shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.67% yearly.
EPS 1Y (TTM)12.95%
EPS 3Y9.61%
EPS 5Y-0.27%
EPS Q2Q%14.29%
Revenue 1Y (TTM)6.87%
Revenue growth 3Y23.47%
Revenue growth 5Y14.67%
Sales Q2Q%8.99%

3.2 Future

The Earnings Per Share is expected to grow by 14.12% on average over the next years. This is quite good.
EIF-DB-M is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.45% yearly.
EPS Next Y29.63%
EPS Next 2Y25.56%
EPS Next 3Y22.7%
EPS Next 5Y14.12%
Revenue Next Year13.8%
Revenue Next 2Y12.79%
Revenue Next 3Y11.13%
Revenue Next 5Y15.45%

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.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
EIF-DB-M.CA Yearly Revenue VS EstimatesEIF-DB-M.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1B 2B 3B 4B 5B
EIF-DB-M.CA Yearly EPS VS EstimatesEIF-DB-M.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3 4 5

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2

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 40.84 indicates a quite expensive valuation of EIF-DB-M.
The rest of the industry has a similar Price/Earnings ratio as EIF-DB-M.
EIF-DB-M's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.91.
Based on the Price/Forward Earnings ratio of 27.58, the valuation of EIF-DB-M can be described as expensive.
EIF-DB-M's Price/Forward Earnings ratio is in line with the industry average.
EIF-DB-M's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.30.
Industry RankSector Rank
PE 40.84
Fwd PE 27.58
EIF-DB-M.CA Price Earnings VS Forward Price EarningsEIF-DB-M.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

EIF-DB-M's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. EIF-DB-M is more expensive than 66.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 13.3
EIF-DB-M.CA Per share dataEIF-DB-M.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40 50

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as EIF-DB-M's earnings are expected to grow with 22.70% in the coming years.
PEG (NY)1.38
PEG (5Y)N/A
EPS Next 2Y25.56%
EPS Next 3Y22.7%

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4

5. Dividend

5.1 Amount

EIF-DB-M has a Yearly Dividend Yield of 3.56%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.85, EIF-DB-M pays a better dividend. On top of this EIF-DB-M pays more dividend than 100.00% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, EIF-DB-M pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 3.56%

5.2 History

The dividend of EIF-DB-M has a limited annual growth rate of 3.39%.
EIF-DB-M does not have a reliable dividend history as it only pays dividend since a couple or years.
Dividend Growth(5Y)3.39%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

EIF-DB-M pays out 99.73% of its income as dividend. This is not a sustainable payout ratio.
The dividend of EIF-DB-M is growing, but earnings are growing more, so the dividend growth is sustainable.
DP99.73%
EPS Next 2Y25.56%
EPS Next 3Y22.7%
EIF-DB-M.CA Yearly Income VS Free CF VS DividendEIF-DB-M.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 50M -50M 100M -100M -150M
EIF-DB-M.CA Dividend Payout.EIF-DB-M.CA Dividend Payout, showing the Payout Ratio.EIF-DB-M.CA Dividend Payout.PayoutRetained Earnings

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EXCHANGE INCOME CORP

TSX:EIF-DB-M (10/8/2025, 7:00:00 PM)

128.25

+0.75 (+0.59%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)08-11 2025-08-11/amc
Earnings (Next)11-05 2025-11-05
Inst Owners11.35%
Inst Owner ChangeN/A
Ins Owners6.07%
Ins Owner ChangeN/A
Market Cap6.64B
Analysts81.18
Price Target141.44 (10.28%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.56%
Yearly Dividend2.6
Dividend Growth(5Y)3.39%
DP99.73%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-6.59%
Min EPS beat(2)-10.57%
Max EPS beat(2)-2.6%
EPS beat(4)0
Avg EPS beat(4)-5.53%
Min EPS beat(4)-10.57%
Max EPS beat(4)-2.6%
EPS beat(8)1
Avg EPS beat(8)-4.98%
EPS beat(12)2
Avg EPS beat(12)-5.38%
EPS beat(16)6
Avg EPS beat(16)7.57%
Revenue beat(2)0
Avg Revenue beat(2)-1.67%
Min Revenue beat(2)-2.71%
Max Revenue beat(2)-0.64%
Revenue beat(4)0
Avg Revenue beat(4)-3.34%
Min Revenue beat(4)-5.7%
Max Revenue beat(4)-0.64%
Revenue beat(8)2
Avg Revenue beat(8)-1.98%
Revenue beat(12)6
Avg Revenue beat(12)0.28%
Revenue beat(16)10
Avg Revenue beat(16)3.05%
PT rev (1m)0.61%
PT rev (3m)5.01%
EPS NQ rev (1m)1.71%
EPS NQ rev (3m)7.82%
EPS NY rev (1m)1.44%
EPS NY rev (3m)2.45%
Revenue NQ rev (1m)-0.2%
Revenue NQ rev (3m)7.81%
Revenue NY rev (1m)-0.16%
Revenue NY rev (3m)2.73%
Valuation
Industry RankSector Rank
PE 40.84
Fwd PE 27.58
P/S 2.38
P/FCF N/A
P/OCF 14.84
P/B 4.59
P/tB 23.56
EV/EBITDA 13.3
EPS(TTM)3.14
EY2.45%
EPS(NY)4.65
Fwd EY3.63%
FCF(TTM)-1.16
FCFYN/A
OCF(TTM)8.64
OCFY6.74%
SpS53.79
BVpS27.95
TBVpS5.44
PEG (NY)1.38
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 2.75%
ROE 9.07%
ROCE 8.1%
ROIC 5.96%
ROICexc 6.32%
ROICexgc 9.02%
OM 11.97%
PM (TTM) 4.71%
GM 37.29%
FCFM N/A
ROA(3y)2.91%
ROA(5y)2.52%
ROE(3y)9.73%
ROE(5y)8.37%
ROIC(3y)5.98%
ROIC(5y)5.34%
ROICexc(3y)6.18%
ROICexc(5y)5.52%
ROICexgc(3y)9.03%
ROICexgc(5y)8.05%
ROCE(3y)8.13%
ROCE(5y)7.25%
ROICexcg growth 3Y4.16%
ROICexcg growth 5Y1.41%
ROICexc growth 3Y5.19%
ROICexc growth 5Y0.27%
OM growth 3Y5.55%
OM growth 5Y0.17%
PM growth 3Y-2.07%
PM growth 5Y-6.07%
GM growth 3Y-0.42%
GM growth 5Y-1.74%
F-Score5
Asset Turnover0.58
Health
Industry RankSector Rank
Debt/Equity 1.67
Debt/FCF N/A
Debt/EBITDA 3.63
Cap/Depr 152.1%
Cap/Sales 18.22%
Interest Coverage 2.68
Cash Conversion 67.08%
Profit Quality N/A
Current Ratio 2.24
Quick Ratio 1.47
Altman-Z 2.19
F-Score5
WACC8.29%
ROIC/WACC0.72
Cap/Depr(3y)171.71%
Cap/Depr(5y)149%
Cap/Sales(3y)18.83%
Cap/Sales(5y)17.8%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)12.95%
EPS 3Y9.61%
EPS 5Y-0.27%
EPS Q2Q%14.29%
EPS Next Y29.63%
EPS Next 2Y25.56%
EPS Next 3Y22.7%
EPS Next 5Y14.12%
Revenue 1Y (TTM)6.87%
Revenue growth 3Y23.47%
Revenue growth 5Y14.67%
Sales Q2Q%8.99%
Revenue Next Year13.8%
Revenue Next 2Y12.79%
Revenue Next 3Y11.13%
Revenue Next 5Y15.45%
EBIT growth 1Y14.84%
EBIT growth 3Y30.33%
EBIT growth 5Y14.87%
EBIT Next Year108.55%
EBIT Next 3Y37.12%
EBIT Next 5Y29.03%
FCF growth 1Y11.09%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y31.27%
OCF growth 3Y7.79%
OCF growth 5Y10.45%