ECN CAPITAL CORP (ECN.CA) Fundamental Analysis & Valuation

TSX:ECN • CA26829L1076

3.05 CAD
-0.01 (-0.33%)
Last: Mar 6, 2026, 07:00 PM
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This ECN.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

Overall ECN gets a fundamental rating of 5 out of 10. We evaluated ECN against 32 industry peers in the Financial Services industry. Both the profitability and the financial health of ECN get a neutral evaluation. Nothing too spectacular is happening here. ECN may be a bit undervalued, certainly considering the very reasonable score on growth


Dividend Valuation Growth Profitability Health

4

1. ECN.CA Profitability Analysis

1.1 Basic Checks

  • ECN had positive earnings in the past year.
  • In the past year ECN had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: ECN reported negative net income in multiple years.
  • In multiple years ECN reported negative operating cash flow during the last 5 years.
ECN.CA Yearly Net Income VS EBIT VS OCF VS FCFECN.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 0.46%, ECN is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 2.13%, ECN is in line with its industry, outperforming 46.88% of the companies in the same industry.
  • ECN has a better Return On Invested Capital (4.52%) than 62.50% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for ECN is below the industry average of 6.74%.
  • The last Return On Invested Capital (4.52%) for ECN is above the 3 year average (2.48%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 0.46%
ROE 2.13%
ROIC 4.52%
ROA(3y)-2.68%
ROA(5y)14.79%
ROE(3y)-16.1%
ROE(5y)77.16%
ROIC(3y)2.48%
ROIC(5y)1.63%
ECN.CA Yearly ROA, ROE, ROICECN.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100 200 300 400

1.3 Margins

  • The Profit Margin of ECN (1.81%) is comparable to the rest of the industry.
  • With a Operating Margin value of 34.57%, ECN perfoms like the industry average, outperforming 53.13% of the companies in the same industry.
  • In the last couple of years the Operating Margin of ECN has grown nicely.
Industry RankSector Rank
OM 34.57%
PM (TTM) 1.81%
GM N/A
OM growth 3Y87.71%
OM growth 5Y15.55%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
ECN.CA Yearly Profit, Operating, Gross MarginsECN.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200 400 600

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4

2. ECN.CA Health Analysis

2.1 Basic Checks

  • ECN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for ECN has been increased compared to 1 year ago.
  • ECN has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, ECN has an improved debt to assets ratio.
ECN.CA Yearly Shares OutstandingECN.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
ECN.CA Yearly Total Debt VS Total AssetsECN.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

2.2 Solvency

  • ECN has an Altman-Z score of 0.14. This is a bad value and indicates that ECN is not financially healthy and even has some risk of bankruptcy.
  • ECN has a Altman-Z score of 0.14. This is in the lower half of the industry: ECN underperforms 78.13% of its industry peers.
  • The Debt to FCF ratio of ECN is 8.94, which is on the high side as it means it would take ECN, 8.94 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 8.94, ECN belongs to the top of the industry, outperforming 84.38% of the companies in the same industry.
  • ECN has a Debt/Equity ratio of 2.80. This is a high value indicating a heavy dependency on external financing.
  • ECN has a Debt to Equity ratio of 2.80. This is in the lower half of the industry: ECN underperforms 75.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.8
Debt/FCF 8.94
Altman-Z 0.14
ROIC/WACC0.69
WACC6.58%
ECN.CA Yearly LT Debt VS Equity VS FCFECN.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B

2.3 Liquidity

  • A Current Ratio of 1.12 indicates that ECN should not have too much problems paying its short term obligations.
  • ECN has a better Current ratio (1.12) than 71.88% of its industry peers.
  • A Quick Ratio of 1.12 indicates that ECN should not have too much problems paying its short term obligations.
  • With a decent Quick ratio value of 1.12, ECN is doing good in the industry, outperforming 75.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.12
Quick Ratio 1.12
ECN.CA Yearly Current Assets VS Current LiabilitesECN.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

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6

3. ECN.CA Growth Analysis

3.1 Past

  • ECN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 650.00%, which is quite impressive.
  • Measured over the past years, ECN shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -20.31% on average per year.
  • ECN shows a strong growth in Revenue. In the last year, the Revenue has grown by 23.61%.
  • ECN shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.56% yearly.
EPS 1Y (TTM)650%
EPS 3Y-34.48%
EPS 5Y-20.31%
EPS Q2Q%50%
Revenue 1Y (TTM)23.61%
Revenue growth 3Y21.98%
Revenue growth 5Y-1.56%
Sales Q2Q%12.47%

3.2 Future

  • ECN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 48.19% yearly.
  • The Revenue is expected to grow by 11.82% on average over the next years. This is quite good.
EPS Next Y102%
EPS Next 2Y65.25%
EPS Next 3Y48.19%
EPS Next 5YN/A
Revenue Next Year14.48%
Revenue Next 2Y13.35%
Revenue Next 3Y11.82%
Revenue Next 5YN/A

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 accelerating.
ECN.CA Yearly Revenue VS EstimatesECN.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M
ECN.CA Yearly EPS VS EstimatesECN.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.1 0.2 0.3

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8

4. ECN.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 15.25, which indicates a correct valuation of ECN.
  • Compared to the rest of the industry, the Price/Earnings ratio of ECN indicates a somewhat cheap valuation: ECN is cheaper than 68.75% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of ECN to the average of the S&P500 Index (26.29), we can say ECN is valued slightly cheaper.
  • Based on the Price/Forward Earnings ratio of 9.11, the valuation of ECN can be described as reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ECN indicates a rather cheap valuation: ECN is cheaper than 87.50% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.57, ECN is valued rather cheaply.
Industry RankSector Rank
PE 15.25
Fwd PE 9.11
ECN.CA Price Earnings VS Forward Price EarningsECN.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ECN is valued cheaper than 93.75% of the companies in the same industry.
  • 87.50% of the companies in the same industry are more expensive than ECN, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 9.59
EV/EBITDA 11.4
ECN.CA Per share dataECN.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1

4.3 Compensation for Growth

  • ECN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • ECN's earnings are expected to grow with 48.19% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.15
PEG (5Y)N/A
EPS Next 2Y65.25%
EPS Next 3Y48.19%

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2

5. ECN.CA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.31%, ECN has a reasonable but not impressive dividend return.
  • ECN's Dividend Yield is slightly below the industry average, which is at 4.77.
  • ECN's Dividend Yield is slightly below the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.31%

5.2 History

  • The dividend of ECN decreases each year by -5.51%.
  • ECN has been paying a dividend for at least 10 years, so it has a reliable track record.
  • The dividend of ECN decreased in the last 3 years.
Dividend Growth(5Y)-5.51%
Div Incr Years0
Div Non Decr Years2
ECN.CA Yearly Dividends per shareECN.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6

5.3 Sustainability

  • ECN pays out 348.97% of its income as dividend. This is not a sustainable payout ratio.
DP348.97%
EPS Next 2Y65.25%
EPS Next 3Y48.19%
ECN.CA Yearly Income VS Free CF VS DividendECN.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B
ECN.CA Dividend Payout.ECN.CA Dividend Payout, showing the Payout Ratio.ECN.CA Dividend Payout.PayoutRetained Earnings

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ECN.CA Fundamentals: All Metrics, Ratios and Statistics

ECN CAPITAL CORP

TSX:ECN (3/6/2026, 7:00:00 PM)

3.05

-0.01 (-0.33%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)11-13
Earnings (Next)03-04
Inst Owners30.81%
Inst Owner ChangeN/A
Ins Owners6.76%
Ins Owner ChangeN/A
Market Cap859.28M
Revenue(TTM)246.78M
Net Income(TTM)4.47M
Analysts72.5
Price Target4.13 (35.41%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.31%
Yearly Dividend0.08
Dividend Growth(5Y)-5.51%
DP348.97%
Div Incr Years0
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-10.05%
Min EPS beat(2)-15.14%
Max EPS beat(2)-4.95%
EPS beat(4)0
Avg EPS beat(4)-21.27%
Min EPS beat(4)-64%
Max EPS beat(4)-0.99%
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)1
Avg Revenue beat(2)2.91%
Min Revenue beat(2)-7.2%
Max Revenue beat(2)13.03%
Revenue beat(4)2
Avg Revenue beat(4)2.06%
Min Revenue beat(4)-7.75%
Max Revenue beat(4)13.03%
Revenue beat(8)5
Avg Revenue beat(8)4.52%
Revenue beat(12)5
Avg Revenue beat(12)-2.14%
Revenue beat(16)5
Avg Revenue beat(16)-8.91%
PT rev (1m)4.92%
PT rev (3m)16.06%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2.57%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.51%
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)2.6%
Valuation
Industry RankSector Rank
PE 15.25
Fwd PE 9.11
P/S 2.56
P/FCF 9.59
P/OCF 9.49
P/B 3
P/tB N/A
EV/EBITDA 11.4
EPS(TTM)0.2
EY6.56%
EPS(NY)0.33
Fwd EY10.98%
FCF(TTM)0.32
FCFY10.43%
OCF(TTM)0.32
OCFY10.54%
SpS1.19
BVpS1.02
TBVpS-0.25
PEG (NY)0.15
PEG (5Y)N/A
Graham Number2.14
Profitability
Industry RankSector Rank
ROA 0.46%
ROE 2.13%
ROCE 9.52%
ROIC 4.52%
ROICexc 4.64%
ROICexgc 7.25%
OM 34.57%
PM (TTM) 1.81%
GM N/A
FCFM 26.66%
ROA(3y)-2.68%
ROA(5y)14.79%
ROE(3y)-16.1%
ROE(5y)77.16%
ROIC(3y)2.48%
ROIC(5y)1.63%
ROICexc(3y)2.52%
ROICexc(5y)1.66%
ROICexgc(3y)3.6%
ROICexgc(5y)2.66%
ROCE(3y)5.23%
ROCE(5y)3.43%
ROICexgc growth 3Y47.97%
ROICexgc growth 5Y17.4%
ROICexc growth 3Y100.79%
ROICexc growth 5Y25.74%
OM growth 3Y87.71%
OM growth 5Y15.55%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.25
Health
Industry RankSector Rank
Debt/Equity 2.8
Debt/FCF 8.94
Debt/EBITDA 5.6
Cap/Depr 3.51%
Cap/Sales 0.28%
Interest Coverage 2.08
Cash Conversion 63.29%
Profit Quality 1470.72%
Current Ratio 1.12
Quick Ratio 1.12
Altman-Z 0.14
F-Score7
WACC6.58%
ROIC/WACC0.69
Cap/Depr(3y)114.58%
Cap/Depr(5y)86.26%
Cap/Sales(3y)8.73%
Cap/Sales(5y)6.74%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)650%
EPS 3Y-34.48%
EPS 5Y-20.31%
EPS Q2Q%50%
EPS Next Y102%
EPS Next 2Y65.25%
EPS Next 3Y48.19%
EPS Next 5YN/A
Revenue 1Y (TTM)23.61%
Revenue growth 3Y21.98%
Revenue growth 5Y-1.56%
Sales Q2Q%12.47%
Revenue Next Year14.48%
Revenue Next 2Y13.35%
Revenue Next 3Y11.82%
Revenue Next 5YN/A
EBIT growth 1Y63.62%
EBIT growth 3Y128.98%
EBIT growth 5Y13.75%
EBIT Next Year96.88%
EBIT Next 3Y40.12%
EBIT Next 5YN/A
FCF growth 1Y144.79%
FCF growth 3Y11.95%
FCF growth 5Y-6.78%
OCF growth 1Y151.11%
OCF growth 3Y10.19%
OCF growth 5Y-7.11%

ECN CAPITAL CORP / ECN.CA FAQ

What is the ChartMill fundamental rating of ECN CAPITAL CORP (ECN.CA) stock?

ChartMill assigns a fundamental rating of 5 / 10 to ECN.CA.


What is the valuation status for ECN stock?

ChartMill assigns a valuation rating of 8 / 10 to ECN CAPITAL CORP (ECN.CA). This can be considered as Undervalued.


What is the profitability of ECN stock?

ECN CAPITAL CORP (ECN.CA) has a profitability rating of 4 / 10.


What are the PE and PB ratios of ECN CAPITAL CORP (ECN.CA) stock?

The Price/Earnings (PE) ratio for ECN CAPITAL CORP (ECN.CA) is 15.25 and the Price/Book (PB) ratio is 3.


Can you provide the dividend sustainability for ECN stock?

The dividend rating of ECN CAPITAL CORP (ECN.CA) is 2 / 10 and the dividend payout ratio is 348.97%.