EXCHANGE INCOME CORP (EIF.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:EIF - CA3012831077 - Common Stock
84.32 CAD
+0.34 (+0.4%)
EIF gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 6 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 is quite expensive at the moment. It does show a decent growth rate. Finally EIF also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year EIF was profitable.
In the past year EIF had a positive cash flow from operations.
Each year in the past 5 years EIF has been profitable.
EIF had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.75%, EIF belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
EIF's Return On Equity of 8.76% is amongst the best of the industry. EIF outperforms 100.00% of its industry peers.
The Return On Invested Capital of EIF (5.80%) is better than 66.67% of its industry peers.
The Average Return On Invested Capital over the past 3 years for EIF is in line with the industry average of 5.15%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.75% | ||
| ROE | 8.76% | ||
| ROIC | 5.8% |
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's Profit Margin of 4.75% is amongst the best of the industry. EIF outperforms 83.33% of its industry peers.
In the last couple of years the Profit Margin of EIF has declined.
EIF's Operating Margin of 11.47% is amongst the best of the industry. EIF outperforms 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 36.67%, EIF is doing worse than 66.67% of the companies in the same industry.
EIF's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.47% | ||
| PM (TTM) | 4.75% | ||
| GM | 36.67% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), EIF is destroying value.
The number of shares outstanding for EIF has been increased compared to 1 year ago.
EIF has more shares outstanding than it did 5 years ago.
EIF has a worse debt/assets ratio than last year.
2.2 Solvency
EIF has an Altman-Z score of 1.69. This is a bad value and indicates that EIF is not financially healthy and even has some risk of bankruptcy.
EIF's Altman-Z score of 1.69 is fine compared to the rest of the industry. EIF outperforms 66.67% of its industry peers.
A Debt/Equity ratio of 1.50 is on the high side and indicates that EIF has dependencies on debt financing.
EIF has a Debt to Equity ratio of 1.50. This is comparable to the rest of the industry: EIF outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.5 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.69 |
ROIC/WACC0.71
WACC8.12%
2.3 Liquidity
EIF has a Current Ratio of 1.79. This is a normal value and indicates that EIF is financially healthy and should not expect problems in meeting its short term obligations.
EIF has a Current ratio of 1.79. This is amongst the best in the industry. EIF outperforms 83.33% of its industry peers.
EIF has a Quick Ratio of 1.14. 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 1.14, EIF belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.79 | ||
| Quick Ratio | 1.14 |
3. Growth
3.1 Past
EIF shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 15.68%, which is quite good.
The Earnings Per Share has been decreasing by -0.27% on average over the past years.
EIF shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.47%.
EIF shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.67% yearly.
EPS 1Y (TTM)15.68%
EPS 3Y9.61%
EPS 5Y-0.27%
EPS Q2Q%15.25%
Revenue 1Y (TTM)15.47%
Revenue growth 3Y23.47%
Revenue growth 5Y14.67%
Sales Q2Q%35.2%
3.2 Future
The Earnings Per Share is expected to grow by 19.69% on average over the next years. This is quite good.
EIF is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.83% yearly.
EPS Next Y22.07%
EPS Next 2Y19.52%
EPS Next 3Y18.6%
EPS Next 5Y19.69%
Revenue Next Year20.1%
Revenue Next 2Y16.05%
Revenue Next 3Y12.76%
Revenue Next 5Y14.83%
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 25.40 indicates a quite expensive valuation of EIF.
Compared to the rest of the industry, the Price/Earnings ratio of EIF indicates a somewhat cheap valuation: EIF is cheaper than 66.67% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of EIF to the average of the S&P500 Index (26.38), we can say EIF is valued inline with the index average.
A Price/Forward Earnings ratio of 20.01 indicates a rather expensive valuation of EIF.
EIF's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. EIF is cheaper than 66.67% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of EIF to the average of the S&P500 Index (23.83), we can say EIF is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.4 | ||
| Fwd PE | 20.01 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as EIF.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.91 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of EIF may justify a higher PE ratio.
A more expensive valuation may be justified as EIF's earnings are expected to grow with 18.60% in the coming years.
PEG (NY)1.15
PEG (5Y)N/A
EPS Next 2Y19.52%
EPS Next 3Y18.6%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.35%, EIF has a reasonable but not impressive dividend return.
EIF's Dividend Yield is rather good when compared to the industry average which is at 1.05. EIF pays more dividend than 100.00% of the companies in the same industry.
EIF's Dividend Yield is rather good when compared to the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.35% |
5.2 History
The dividend of EIF has a limited annual growth rate of 3.39%.
EIF has been paying a dividend for at least 10 years, so it has 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
93.13% of the earnings are spent on dividend by EIF. This is not a sustainable payout ratio.
EIF's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP93.13%
EPS Next 2Y19.52%
EPS Next 3Y18.6%
TSX:EIF (12/19/2025, 7:00:00 PM)
84.32
+0.34 (+0.4%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)
Earnings (Next)
Inst Owners11.88%
Inst Owner ChangeN/A
Ins Owners5.76%
Ins Owner ChangeN/A
Market Cap4.58B
Revenue(TTM)3.04B
Net Income(TTM)144.13M
Analysts81.18
Price Target92.04 (9.16%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.35% |
Yearly Dividend2.6
Dividend Growth(5Y)3.39%
DP93.13%
Div Incr Years3
Div Non Decr Years20
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-4.78%
Min EPS beat(2)-6.96%
Max EPS beat(2)-2.6%
EPS beat(4)0
Avg EPS beat(4)-6.21%
Min EPS beat(4)-10.57%
Max EPS beat(4)-2.6%
EPS beat(8)1
Avg EPS beat(8)-4.82%
EPS beat(12)1
Avg EPS beat(12)-6.18%
EPS beat(16)5
Avg EPS beat(16)6.58%
Revenue beat(2)1
Avg Revenue beat(2)4.99%
Min Revenue beat(2)-2.71%
Max Revenue beat(2)12.68%
Revenue beat(4)1
Avg Revenue beat(4)1.25%
Min Revenue beat(4)-4.33%
Max Revenue beat(4)12.68%
Revenue beat(8)2
Avg Revenue beat(8)-0.82%
Revenue beat(12)6
Avg Revenue beat(12)0.82%
Revenue beat(16)10
Avg Revenue beat(16)3.03%
PT rev (1m)9.52%
PT rev (3m)10.97%
EPS NQ rev (1m)-11.46%
EPS NQ rev (3m)-10.57%
EPS NY rev (1m)-6.1%
EPS NY rev (3m)-4.47%
Revenue NQ rev (1m)4.76%
Revenue NQ rev (3m)4.76%
Revenue NY rev (1m)5.54%
Revenue NY rev (3m)5.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.4 | ||
| Fwd PE | 20.01 | ||
| P/S | 1.51 | ||
| P/FCF | N/A | ||
| P/OCF | 9.02 | ||
| P/B | 2.79 | ||
| P/tB | 9.9 | ||
| EV/EBITDA | 9.91 |
EPS(TTM)3.32
EY3.94%
EPS(NY)4.21
Fwd EY5%
FCF(TTM)-1.07
FCFYN/A
OCF(TTM)9.34
OCFY11.08%
SpS55.83
BVpS30.25
TBVpS8.51
PEG (NY)1.15
PEG (5Y)N/A
Graham Number47.53
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.75% | ||
| ROE | 8.76% | ||
| ROCE | 7.88% | ||
| ROIC | 5.8% | ||
| ROICexc | 5.91% | ||
| ROICexgc | 8.12% | ||
| OM | 11.47% | ||
| PM (TTM) | 4.75% | ||
| GM | 36.67% | ||
| 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-Score6
Asset Turnover0.58
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.5 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 3.51 | ||
| Cap/Depr | 158.77% | ||
| Cap/Sales | 18.66% | ||
| Interest Coverage | 2.8 | ||
| Cash Conversion | 72.07% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.79 | ||
| Quick Ratio | 1.14 | ||
| Altman-Z | 1.69 |
F-Score6
WACC8.12%
ROIC/WACC0.71
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)15.68%
EPS 3Y9.61%
EPS 5Y-0.27%
EPS Q2Q%15.25%
EPS Next Y22.07%
EPS Next 2Y19.52%
EPS Next 3Y18.6%
EPS Next 5Y19.69%
Revenue 1Y (TTM)15.47%
Revenue growth 3Y23.47%
Revenue growth 5Y14.67%
Sales Q2Q%35.2%
Revenue Next Year20.1%
Revenue Next 2Y16.05%
Revenue Next 3Y12.76%
Revenue Next 5Y14.83%
EBIT growth 1Y14.04%
EBIT growth 3Y30.33%
EBIT growth 5Y14.87%
EBIT Next Year109.31%
EBIT Next 3Y37.98%
EBIT Next 5Y29.59%
FCF growth 1Y38.41%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y43.83%
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 3 / 10 to EXCHANGE INCOME CORP (EIF.CA). This can be considered as Overvalued.
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 22.07% in the next year.