CI Financial Corp (CIX.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:CIX - CA1254911003 - Common Stock
31.99 CAD
0 (0%)
CIX gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 81 industry peers in the Capital Markets industry. CIX has a medium profitability rating, but doesn't score so well on its financial health evaluation. CIX is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
- CIX had positive earnings in the past year.
- CIX had a positive operating cash flow in the past year.
- Of the past 5 years CIX 4 years were profitable.
- Each year in the past 5 years CIX had a positive operating cash flow.
1.2 Ratios
- CIX's Return On Assets of -2.72% is on the low side compared to the rest of the industry. CIX is outperformed by 76.83% of its industry peers.
- CIX has a worse Return On Equity (-62.17%) than 86.59% of its industry peers.
- The Return On Invested Capital of CIX (9.20%) is better than 82.93% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for CIX is below the industry average of 10.38%.
- The 3 year average ROIC (7.66%) for CIX is below the current ROIC(9.20%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.72% | ||
| ROE | -62.17% | ||
| ROIC | 9.2% |
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's Operating Margin of 20.24% is in line compared to the rest of the industry. CIX outperforms 42.68% of its industry peers.
- CIX's Operating Margin has declined in the last couple of years.
- The Gross Margin of CIX (82.50%) is better than 82.93% of its industry peers.
- In the last couple of years the Gross Margin of CIX has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.24% | ||
| PM (TTM) | N/A | ||
| GM | 82.5% |
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
- Compared to 1 year ago, CIX has less shares outstanding
- The number of shares outstanding for CIX has been reduced compared to 5 years ago.
- CIX has a worse debt/assets ratio than last year.
2.2 Solvency
- CIX has an Altman-Z score of 0.17. This is a bad value and indicates that CIX is not financially healthy and even has some risk of bankruptcy.
- With a Altman-Z score value of 0.17, CIX is not doing good in the industry: 78.05% of the companies in the same industry are doing better.
- CIX has a debt to FCF ratio of 9.62. This is a negative value and a sign of low solvency as CIX would need 9.62 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 9.62, CIX is in the better half of the industry, outperforming 63.41% of the companies in the same industry.
- CIX has a Debt/Equity ratio of 7.95. This is a high value indicating a heavy dependency on external financing.
- The Debt to Equity ratio of CIX (7.95) is worse than 87.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.95 | ||
| Debt/FCF | 9.62 | ||
| Altman-Z | 0.17 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
- CIX has a Current Ratio of 0.33. This is a bad value and indicates that CIX is not financially healthy enough and could expect problems in meeting its short term obligations.
- CIX has a worse Current ratio (0.33) than 84.15% of its industry peers.
- A Quick Ratio of 0.33 indicates that CIX may have some problems paying its short term obligations.
- The Quick ratio of CIX (0.33) is worse than 84.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.33 | ||
| Quick Ratio | 0.33 |
3. Growth
3.1 Past
- CIX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.79%, which is quite good.
- Measured over the past years, CIX shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.48% on average per year.
- CIX shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.99%.
- CIX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.96% yearly.
EPS 1Y (TTM)14.79%
EPS 3Y6.7%
EPS 5Y9.48%
EPS Q2Q%-1.11%
Revenue 1Y (TTM)12.99%
Revenue growth 3Y11.06%
Revenue growth 5Y6.96%
Sales Q2Q%-8.84%
3.2 Future
- CIX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.59% yearly.
- Based on estimates for the next years, CIX will show a small growth in Revenue. The Revenue will grow by 3.39% on average per year.
EPS Next Y11.35%
EPS Next 2Y10.02%
EPS Next 3Y4.73%
EPS Next 5Y5.59%
Revenue Next Year2.26%
Revenue Next 2Y2.39%
Revenue Next 3Y-3.24%
Revenue Next 5Y3.39%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- 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
- Based on the Price/Earnings ratio of 8.24, the valuation of CIX can be described as reasonable.
- The rest of the industry has a similar Price/Earnings ratio as CIX.
- When comparing the Price/Earnings ratio of CIX to the average of the S&P500 Index (27.21), we can say CIX is valued rather cheaply.
- The Price/Forward Earnings ratio is 6.97, which indicates a rather cheap valuation of CIX.
- Based on the Price/Forward Earnings ratio, CIX is valued a bit cheaper than 69.51% of the companies in the same industry.
- When comparing the Price/Forward Earnings ratio of CIX to the average of the S&P500 Index (24.26), we can say CIX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.24 | ||
| Fwd PE | 6.97 |
4.2 Price Multiples
- 62.20% of the companies in the same industry are more expensive than CIX, based on the Enterprise Value to EBITDA ratio.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of CIX indicates a rather cheap valuation: CIX is cheaper than 81.71% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.97 | ||
| EV/EBITDA | 9.92 |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.73
PEG (5Y)0.87
EPS Next 2Y10.02%
EPS Next 3Y4.73%
5. Dividend
5.1 Amount
- CIX has a Yearly Dividend Yield of 2.50%.
- Compared to an average industry Dividend Yield of 3.62, CIX pays a bit more dividend than its industry peers.
- CIX's Dividend Yield is a higher than the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.5% |
5.2 History
- The dividend of CIX has a limited annual growth rate of 1.95%.
- CIX has been paying a dividend for at least 10 years, so it has 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
- CIX has negative earnings and hence a negative payout ratio. The dividend may be in danger.
- CIX's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-38.71%
EPS Next 2Y10.02%
EPS Next 3Y4.73%
CI Financial Corp / CIX.CA FAQ
What is the fundamental rating for CIX stock?
ChartMill assigns a fundamental rating of 4 / 10 to CIX.CA.
Can you provide the valuation status for CI Financial Corp?
ChartMill assigns a valuation rating of 6 / 10 to CI Financial Corp (CIX.CA). This can be considered as Fairly Valued.
Can you provide the profitability details for CI Financial Corp?
CI Financial Corp (CIX.CA) has a profitability rating of 4 / 10.
How financially healthy is CI Financial Corp?
The financial health rating of CI Financial Corp (CIX.CA) is 2 / 10.
How sustainable is the dividend of CI Financial Corp (CIX.CA) stock?
The dividend rating of CI Financial Corp (CIX.CA) is 4 / 10 and the dividend payout ratio is -38.71%.