CI FINANCIAL CORP (CIX.CA) Stock Fundamental Analysis
TSX:CIX - Toronto Stock Exchange - CA1254911003 - Common Stock - Currency: CAD
Taking everything into account, CIX scores 4 out of 10 in our fundamental rating. CIX was compared to 82 industry peers in the Capital Markets industry. There are concerns on the financial health of CIX while its profitability can be described as average. CIX may be a bit undervalued, certainly considering the very reasonable score on growth
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.
CIX had positive earnings in 4 of the past 5 years.
Each year in the past 5 years CIX had a positive operating cash flow.
1.2 Ratios
CIX has a worse Return On Assets (-2.35%) than 79.27% of its industry peers.
With a Return On Equity value of -65.67%, CIX is not doing good in the industry: 84.15% of the companies in the same industry are doing better.
Looking at the Return On Invested Capital, with a value of 8.17%, CIX belongs to the top of the industry, outperforming 82.93% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CIX is in line with the industry average of 7.88%.
The 3 year average ROIC (7.66%) for CIX is below the current ROIC(8.17%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.35% | ||
| ROE | -65.67% | ||
| ROIC | 8.17% |
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 16.80%. This is comparable to the rest of the industry: CIX outperforms 40.24% of its industry peers.
CIX's Operating Margin has declined in the last couple of years.
CIX has a Gross Margin of 82.61%. This is amongst the best in the industry. CIX outperforms 81.71% of its industry peers.
In the last couple of years the Gross Margin of CIX has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.8% | ||
| PM (TTM) | N/A | ||
| GM | 82.61% |
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
CIX has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, CIX has less shares outstanding
The debt/assets ratio for CIX is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.03, we must say that CIX is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.03, CIX perfoms like the industry average, outperforming 48.78% of the companies in the same industry.
The Debt to FCF ratio of CIX is 9.06, which is on the high side as it means it would take CIX, 9.06 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 9.06, CIX is in line with its industry, outperforming 59.76% of the companies in the same industry.
CIX has a Debt/Equity ratio of 8.69. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 8.69, CIX is not doing good in the industry: 89.02% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.69 | ||
| Debt/FCF | 9.06 | ||
| Altman-Z | 0.03 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
CIX has a Current Ratio of 0.29. 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 0.29, CIX is doing worse than 82.93% of the companies in the same industry.
A Quick Ratio of 0.29 indicates that CIX may have some problems paying its short term obligations.
CIX has a worse Quick ratio (0.29) than 82.93% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.29 | ||
| Quick Ratio | 0.29 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 20.06% over the past year.
CIX shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.48% yearly.
The Revenue has grown by 14.26% in the past year. This is quite good.
CIX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.96% yearly.
EPS 1Y (TTM)20.06%
EPS 3Y6.7%
EPS 5Y9.48%
EPS Q2Q%11.63%
Revenue 1Y (TTM)14.26%
Revenue growth 3Y11.06%
Revenue growth 5Y6.96%
Sales Q2Q%22%
3.2 Future
CIX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.57% yearly.
Based on estimates for the next years, CIX will show a small growth in Revenue. The Revenue will grow by 3.37% on average per year.
EPS Next Y11.35%
EPS Next 2Y10.02%
EPS Next 3Y4.73%
EPS Next 5Y5.57%
Revenue Next Year0.52%
Revenue Next 2Y1.02%
Revenue Next 3Y-3.24%
Revenue Next 5Y3.37%
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 decreasing.
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
A Price/Earnings ratio of 8.15 indicates a reasonable valuation of CIX.
CIX's Price/Earnings ratio is in line with the industry average.
CIX is valuated cheaply when we compare the Price/Earnings ratio to 27.52, which is the current average of the S&P500 Index.
CIX is valuated cheaply with a Price/Forward Earnings ratio of 6.91.
Based on the Price/Forward Earnings ratio, CIX is valued a bit cheaper than 70.73% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of CIX to the average of the S&P500 Index (35.58), we can say CIX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.15 | ||
| Fwd PE | 6.91 |
4.2 Price Multiples
CIX's Enterprise Value to EBITDA ratio is in line with the industry average.
81.71% 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 | 8.96 | ||
| EV/EBITDA | 11.66 |
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)0.72
PEG (5Y)0.86
EPS Next 2Y10.02%
EPS Next 3Y4.73%
5. Dividend
5.1 Amount
CIX has a Yearly Dividend Yield of 2.52%.
Compared to an average industry Dividend Yield of 5.35, CIX has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.35, CIX has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.52% |
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.
The dividend of CIX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-44.37%
EPS Next 2Y10.02%
EPS Next 3Y4.73%
TSX:CIX (7/14/2025, 7:00:00 PM)
31.71
-0.02 (-0.06%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners14.23%
Inst Owner ChangeN/A
Ins Owners16.8%
Ins Owner ChangeN/A
Market Cap4.57B
Analysts46
Price Target31.11 (-1.89%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.52% |
Yearly Dividend0.81
Dividend Growth(5Y)1.95%
DP-44.37%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.66%
Min EPS beat(2)-2.01%
Max EPS beat(2)9.32%
EPS beat(4)3
Avg EPS beat(4)4.85%
Min EPS beat(4)-2.01%
Max EPS beat(4)9.32%
EPS beat(8)5
Avg EPS beat(8)1.91%
EPS beat(12)6
Avg EPS beat(12)1.88%
EPS beat(16)8
Avg EPS beat(16)1.24%
Revenue beat(2)1
Avg Revenue beat(2)-6.74%
Min Revenue beat(2)-14.02%
Max Revenue beat(2)0.53%
Revenue beat(4)3
Avg Revenue beat(4)6.33%
Min Revenue beat(4)-14.02%
Max Revenue beat(4)34.74%
Revenue beat(8)5
Avg Revenue beat(8)3.41%
Revenue beat(12)8
Avg Revenue beat(12)2.47%
Revenue beat(16)8
Avg Revenue beat(16)-2.32%
PT rev (1m)-0.81%
PT rev (3m)-0.81%
EPS NQ rev (1m)-2.34%
EPS NQ rev (3m)-7.66%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.15 | ||
| Fwd PE | 6.91 | ||
| P/S | 1.49 | ||
| P/FCF | 8.96 | ||
| P/OCF | 7.76 | ||
| P/B | 11.33 | ||
| P/tB | N/A | ||
| EV/EBITDA | 11.66 |
EPS(TTM)3.89
EY12.27%
EPS(NY)4.59
Fwd EY14.47%
FCF(TTM)3.54
FCFY11.16%
OCF(TTM)4.09
OCFY12.89%
SpS21.27
BVpS2.8
TBVpS-55.37
PEG (NY)0.72
PEG (5Y)0.86
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.35% | ||
| ROE | -65.67% | ||
| ROCE | 11.35% | ||
| ROIC | 8.17% | ||
| ROICexc | 8.53% | ||
| ROICexgc | N/A | ||
| OM | 16.8% | ||
| PM (TTM) | N/A | ||
| GM | 82.61% | ||
| FCFM | 16.64% |
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-Score4
Asset Turnover0.27
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.69 | ||
| Debt/FCF | 9.06 | ||
| Debt/EBITDA | 4.57 | ||
| Cap/Depr | 31.42% | ||
| Cap/Sales | 2.58% | ||
| Interest Coverage | 2.36 | ||
| Cash Conversion | 76.81% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.29 | ||
| Quick Ratio | 0.29 | ||
| Altman-Z | 0.03 |
F-Score4
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)20.06%
EPS 3Y6.7%
EPS 5Y9.48%
EPS Q2Q%11.63%
EPS Next Y11.35%
EPS Next 2Y10.02%
EPS Next 3Y4.73%
EPS Next 5Y5.57%
Revenue 1Y (TTM)14.26%
Revenue growth 3Y11.06%
Revenue growth 5Y6.96%
Sales Q2Q%22%
Revenue Next Year0.52%
Revenue Next 2Y1.02%
Revenue Next 3Y-3.24%
Revenue Next 5Y3.37%
EBIT growth 1Y13.56%
EBIT growth 3Y-18.1%
EBIT growth 5Y-11.94%
EBIT Next Year64.14%
EBIT Next 3Y7.37%
EBIT Next 5Y18.28%
FCF growth 1Y18.35%
FCF growth 3Y-10.64%
FCF growth 5Y-3.17%
OCF growth 1Y26.14%
OCF growth 3Y-5.55%
OCF growth 5Y0.11%