EXCHANGE INCOME CORP (EIF.CA) Stock Fundamental Analysis
Canada - TSX:EIF - CA3012831077 - Common Stock
77.73 CAD
+0.89 (+1.16%)
Overall EIF gets a fundamental rating of 5 out of 10. We evaluated EIF against 7 industry peers in the Passenger Airlines industry. While EIF is still in line with the averages on profitability rating, there are concerns on its financial health. EIF has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year EIF was profitable.
EIF had a positive operating cash flow in the past year.
In the past 5 years EIF has always been profitable.
In the past 5 years EIF always reported a positive cash flow from operatings.
1.2 Ratios
EIF has a better Return On Assets (2.75%) than 71.43% of its industry peers.
EIF has a better Return On Equity (9.07%) than 85.71% of its industry peers.
EIF has a Return On Invested Capital of 5.96%. This is in the better half of the industry: EIF outperforms 71.43% of its industry peers.
EIF had an Average Return On Invested Capital over the past 3 years of 5.98%. This is in line with the industry average of 5.73%.
| Industry Rank | Sector 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%
1.3 Margins
EIF has a Profit Margin of 4.71%. This is in the better half of the industry: EIF outperforms 71.43% of its industry peers.
In the last couple of years the Profit Margin of EIF has declined.
The Operating Margin of EIF (11.97%) is better than 100.00% of its industry peers.
In the last couple of years the Operating Margin of EIF has remained more or less at the same level.
Looking at the Gross Margin, with a value of 37.29%, EIF is in line with its industry, outperforming 42.86% of the companies in the same industry.
EIF's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so EIF is destroying value.
EIF has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, EIF has more shares outstanding
EIF has a worse debt/assets ratio than last year.
2.2 Solvency
EIF has an Altman-Z score of 1.72. This is a bad value and indicates that EIF is not financially healthy and even has some risk of bankruptcy.
EIF has a Altman-Z score (1.72) which is comparable to the rest of the industry.
EIF has a Debt/Equity ratio of 1.67. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of EIF (1.67) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.67 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.72 |
ROIC/WACC0.75
WACC7.95%
2.3 Liquidity
EIF has a Current Ratio of 2.24. This indicates that EIF is financially healthy and has no problem in meeting its short term obligations.
EIF has a better Current ratio (2.24) than 100.00% of its industry peers.
EIF has a Quick Ratio of 1.47. This is a normal value and indicates that EIF is financially healthy and should not expect problems in meeting its short term obligations.
With an excellent Quick ratio value of 1.47, EIF belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.24 | ||
| Quick Ratio | 1.47 |
3. Growth
3.1 Past
EIF shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12.95%, which is quite good.
The Earnings Per Share has been decreasing by -0.27% on average over the past years.
The Revenue has been growing slightly by 6.87% in the past year.
Measured over the past years, EIF shows a quite strong growth in Revenue. The Revenue has been growing by 14.67% on average per year.
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.
The Revenue is expected to grow by 15.45% on average over the next years. This is quite good.
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 24.75 indicates a rather expensive valuation of EIF.
Based on the Price/Earnings ratio, EIF is valued a bit cheaper than the industry average as 71.43% of the companies are valued more expensively.
EIF's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.51.
The Price/Forward Earnings ratio is 16.71, which indicates a correct valuation of EIF.
Based on the Price/Forward Earnings ratio, EIF is valued a bit cheaper than 71.43% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.53. EIF is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.75 | ||
| Fwd PE | 16.71 |
4.2 Price Multiples
EIF's Enterprise Value to EBITDA ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.38 |
4.3 Compensation for Growth
EIF's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of EIF may justify a higher PE ratio.
EIF's earnings are expected to grow with 22.70% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.84
PEG (5Y)N/A
EPS Next 2Y25.56%
EPS Next 3Y22.7%
5. Dividend
5.1 Amount
EIF has a Yearly Dividend Yield of 3.44%. Purely for dividend investing, there may be better candidates out there.
EIF's Dividend Yield is rather good when compared to the industry average which is at 2.41. EIF pays more dividend than 85.71% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, EIF pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.44% |
5.2 History
The dividend of EIF has a limited annual growth rate of 3.39%.
EIF has paid a dividend for at least 10 years, which is a reliable track record.
EIF has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.39%
Div Incr Years3
Div Non Decr Years20
5.3 Sustainability
EIF pays out 99.73% of its income as dividend. This is not a sustainable payout ratio.
The dividend of EIF is growing, but earnings are growing more, so the dividend growth is sustainable.
DP99.73%
EPS Next 2Y25.56%
EPS Next 3Y22.7%
TSX:EIF (11/3/2025, 7:00:00 PM)
77.73
+0.89 (+1.16%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)
Earnings (Next)
Inst Owners11.35%
Inst Owner ChangeN/A
Ins Owners6.07%
Ins Owner ChangeN/A
Market Cap4.03B
Revenue(TTM)2.79B
Net Income(TTM)131.28M
Analysts81.18
Price Target84.03 (8.1%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.44% |
Yearly Dividend2.6
Dividend Growth(5Y)3.39%
DP99.73%
Div Incr Years3
Div Non Decr Years20
Ex-Date
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)1.32%
PT rev (3m)14.73%
EPS NQ rev (1m)0.49%
EPS NQ rev (3m)10.03%
EPS NY rev (1m)0%
EPS NY rev (3m)2.45%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)7.06%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.83%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.75 | ||
| Fwd PE | 16.71 | ||
| P/S | 1.45 | ||
| P/FCF | N/A | ||
| P/OCF | 8.99 | ||
| P/B | 2.78 | ||
| P/tB | 14.28 | ||
| EV/EBITDA | 9.38 |
EPS(TTM)3.14
EY4.04%
EPS(NY)4.65
Fwd EY5.98%
FCF(TTM)-1.16
FCFYN/A
OCF(TTM)8.64
OCFY11.12%
SpS53.79
BVpS27.95
TBVpS5.44
PEG (NY)0.84
PEG (5Y)N/A
Graham Number44.44
Profitability
| Industry Rank | Sector 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%
ROICexgc growth 3Y4.16%
ROICexgc 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 Rank | Sector 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 | 1.72 |
F-Score5
WACC7.95%
ROIC/WACC0.75
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%
EXCHANGE INCOME CORP / EIF.CA FAQ
Can you provide the ChartMill fundamental rating for EXCHANGE INCOME CORP?
ChartMill assigns a fundamental rating of 5 / 10 to EIF.CA.
What is the valuation status of EXCHANGE INCOME CORP (EIF.CA) stock?
ChartMill assigns a valuation rating of 4 / 10 to EXCHANGE INCOME CORP (EIF.CA). This can be considered as Fairly Valued.
Can you provide the profitability details for EXCHANGE INCOME CORP?
EXCHANGE INCOME CORP (EIF.CA) has a profitability rating of 6 / 10.
What is the financial health of EXCHANGE INCOME CORP (EIF.CA) stock?
The financial health rating of EXCHANGE INCOME CORP (EIF.CA) is 3 / 10.
What is the earnings growth outlook for EXCHANGE INCOME CORP?
The Earnings per Share (EPS) of EXCHANGE INCOME CORP (EIF.CA) is expected to grow by 29.63% in the next year.