CI FINANCIAL CORP (CIX.CA) Stock Fundamental Analysis
TSX:CIX - Toronto Stock Exchange - CA1254911003 - Common Stock - Currency: CAD
CIX gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 83 industry peers in the Capital Markets industry. While CIX is still in line with the averages on profitability rating, there are concerns on its financial health. CIX has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year CIX has reported negative net income.
CIX had a positive operating cash flow in the past year.
Of the past 5 years CIX 4 years were profitable.
In the past 5 years CIX always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of -3.82%, CIX is doing worse than 72.62% of the companies in the same industry.
The Return On Equity of CIX (-100.46%) is worse than 79.76% of its industry peers.
The Return On Invested Capital of CIX (6.72%) is better than 83.33% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CIX is in line with the industry average of 8.66%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.82% | ||
| ROE | -100.46% | ||
| ROIC | 6.72% |
ROA(3y)-0.23%
ROA(5y)2.31%
ROE(3y)-27.12%
ROE(5y)-5.1%
ROIC(3y)7.66%
ROIC(5y)8.88%
1.3 Margins
CIX has a Operating Margin of 13.96%. This is comparable to the rest of the industry: CIX outperforms 44.05% of its industry peers.
CIX's Operating Margin has declined in the last couple of years.
CIX's Gross Margin of 82.62% is amongst the best of the industry. CIX outperforms 82.14% of its industry peers.
In the last couple of years the Gross Margin of CIX has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.96% | ||
| PM (TTM) | N/A | ||
| GM | 82.62% |
OM growth 3Y-26.25%
OM growth 5Y-17.67%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.37%
GM growth 5Y-1.76%
2. Health
2.1 Basic Checks
The number of shares outstanding for CIX has been reduced compared to 1 year ago.
CIX has less shares outstanding than it did 5 years ago.
The debt/assets ratio for CIX is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.01, we must say that CIX is in the distress zone and has some risk of bankruptcy.
CIX has a Altman-Z score of 0.01. This is in the lower half of the industry: CIX underperforms 76.19% of its industry peers.
CIX has a debt to FCF ratio of 9.54. This is a negative value and a sign of low solvency as CIX would need 9.54 years to pay back of all of its debts.
The Debt to FCF ratio of CIX (9.54) is better than 73.81% of its industry peers.
CIX has a Debt/Equity ratio of 8.49. This is a high value indicating a heavy dependency on external financing.
CIX has a Debt to Equity ratio of 8.49. This is amonst the worse of the industry: CIX underperforms 84.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.49 | ||
| Debt/FCF | 9.54 | ||
| Altman-Z | 0.01 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
CIX has a Current Ratio of 0.28. This is a bad value and indicates that CIX is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.28, CIX is doing worse than 78.57% of the companies in the same industry.
CIX has a Quick Ratio of 0.28. This is a bad value and indicates that CIX is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.28, CIX is doing worse than 78.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.28 | ||
| Quick Ratio | 0.28 |
3. Growth
3.1 Past
The earnings per share for CIX have decreased strongly by -1809.75% in the last year.
Looking at the last year, CIX shows a quite strong growth in Revenue. The Revenue has grown by 13.12% in the last year.
CIX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.96% yearly.
EPS 1Y (TTM)-1809.75%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-465.17%
Revenue 1Y (TTM)13.12%
Revenue growth 3Y11.06%
Revenue growth 5Y6.96%
Sales Q2Q%11.56%
3.2 Future
The Earnings Per Share is expected to grow by 7.43% on average over the next years.
The Revenue is expected to grow by 3.54% on average over the next years.
EPS Next Y12.25%
EPS Next 2Y10.38%
EPS Next 3Y5.54%
EPS Next 5Y7.43%
Revenue Next Year1.65%
Revenue Next 2Y1.85%
Revenue Next 3Y-3.24%
Revenue Next 5Y3.54%
3.3 Evolution
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
CIX reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
A Price/Forward Earnings ratio of 7.44 indicates a rather cheap valuation of CIX.
CIX's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CIX is cheaper than 70.24% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, CIX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 7.44 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as CIX.
91.67% of the companies in the same industry are more expensive than CIX, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.77 | ||
| EV/EBITDA | 13.34 |
4.3 Compensation for Growth
CIX's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y10.38%
EPS Next 3Y5.54%
5. Dividend
5.1 Amount
CIX has a Yearly Dividend Yield of 2.56%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 5.84, CIX pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.33, CIX has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.56% |
5.2 History
The dividend of CIX has a limited annual growth rate of 1.95%.
CIX has paid a dividend for at least 10 years, which is a reliable track record.
CIX has decreased its dividend recently.
Dividend Growth(5Y)1.95%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
The earnings of CIX are negative and hence is the payout ratio. CIX will probably not be able to sustain this dividend level.
CIX's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-29.21%
EPS Next 2Y10.38%
EPS Next 3Y5.54%
TSX:CIX (3/7/2025, 7:00:00 PM)
31.21
+0.01 (+0.03%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners13.66%
Inst Owner ChangeN/A
Ins Owners16.95%
Ins Owner ChangeN/A
Market Cap4.50B
Analysts48.33
Price Target31.37 (0.51%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.56% |
Yearly Dividend0.81
Dividend Growth(5Y)1.95%
DP-29.21%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)2.66%
Min Revenue beat(2)1.26%
Max Revenue beat(2)4.06%
Revenue beat(4)3
Avg Revenue beat(4)7.84%
Min Revenue beat(4)-8.7%
Max Revenue beat(4)34.74%
Revenue beat(8)6
Avg Revenue beat(8)5.36%
Revenue beat(12)8
Avg Revenue beat(12)1.99%
Revenue beat(16)9
Avg Revenue beat(16)-0.8%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.64%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)1.74%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 7.44 | ||
| P/S | 1.51 | ||
| P/FCF | 9.77 | ||
| P/OCF | 8.02 | ||
| P/B | 11 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.34 |
EPS(TTM)-2.9
EYN/A
EPS(NY)4.2
Fwd EY13.45%
FCF(TTM)3.19
FCFY10.24%
OCF(TTM)3.89
OCFY12.46%
SpS20.61
BVpS2.84
TBVpS-53.23
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.82% | ||
| ROE | -100.46% | ||
| ROCE | 9.33% | ||
| ROIC | 6.72% | ||
| ROICexc | 7.04% | ||
| ROICexgc | N/A | ||
| OM | 13.96% | ||
| PM (TTM) | N/A | ||
| GM | 82.62% | ||
| FCFM | 15.5% |
ROA(3y)-0.23%
ROA(5y)2.31%
ROE(3y)-27.12%
ROE(5y)-5.1%
ROIC(3y)7.66%
ROIC(5y)8.88%
ROICexc(3y)7.95%
ROICexc(5y)9.56%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)10.64%
ROCE(5y)12.33%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y-10.17%
ROICexc growth 5Y-18.16%
OM growth 3Y-26.25%
OM growth 5Y-17.67%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.37%
GM growth 5Y-1.76%
F-Score5
Asset Turnover0.28
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.49 | ||
| Debt/FCF | 9.54 | ||
| Debt/EBITDA | 5.35 | ||
| Cap/Depr | 42.91% | ||
| Cap/Sales | 3.38% | ||
| Interest Coverage | 1.98 | ||
| Cash Conversion | 86.49% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.28 | ||
| Quick Ratio | 0.28 | ||
| Altman-Z | 0.01 |
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)29.4%
Cap/Depr(5y)35.19%
Cap/Sales(3y)2.17%
Cap/Sales(5y)1.77%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-1809.75%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-465.17%
EPS Next Y12.25%
EPS Next 2Y10.38%
EPS Next 3Y5.54%
EPS Next 5Y7.43%
Revenue 1Y (TTM)13.12%
Revenue growth 3Y11.06%
Revenue growth 5Y6.96%
Sales Q2Q%11.56%
Revenue Next Year1.65%
Revenue Next 2Y1.85%
Revenue Next 3Y-3.24%
Revenue Next 5Y3.54%
EBIT growth 1Y-18.86%
EBIT growth 3Y-18.1%
EBIT growth 5Y-11.94%
EBIT Next Year61.67%
EBIT Next 3Y19.91%
EBIT Next 5YN/A
FCF growth 1Y15.69%
FCF growth 3Y-10.64%
FCF growth 5Y-3.17%
OCF growth 1Y24.84%
OCF growth 3Y-5.55%
OCF growth 5Y0.11%