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EXCHANGE INCOME CORP (EIF-DB-L.CA) Stock Overview

Canada - TSX:EIF-DB-L - CA301283AN70

133.08 CAD
+0.15 (+0.11%)
Last: 9/11/2025, 7:00:00 PM
Fundamental Rating

4

Taking everything into account, EIF-DB-L scores 4 out of 10 in our fundamental rating. EIF-DB-L was compared to 9 industry peers in the Passenger Airlines industry. There are concerns on the financial health of EIF-DB-L while its profitability can be described as average. EIF-DB-L is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

In the past year EIF-DB-L was profitable.
In the past year EIF-DB-L had a positive cash flow from operations.
Each year in the past 5 years EIF-DB-L has been profitable.
In the past 5 years EIF-DB-L always reported a positive cash flow from operatings.
EIF-DB-L.CA Yearly Net Income VS EBIT VS OCF VS FCFEIF-DB-L.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M 300M

1.2 Ratios

EIF-DB-L has a better Return On Assets (2.75%) than 66.67% of its industry peers.
With a decent Return On Equity value of 9.07%, EIF-DB-L is doing good in the industry, outperforming 66.67% of the companies in the same industry.
EIF-DB-L's Return On Invested Capital of 5.96% is in line compared to the rest of the industry. EIF-DB-L outperforms 44.44% of its industry peers.
EIF-DB-L had an Average Return On Invested Capital over the past 3 years of 5.98%. This is in line with the industry average of 5.58%.
Industry RankSector Rank
ROA 2.75%
ROE 9.07%
ROIC 5.96%
ROA(3y)2.91%
ROA(5y)2.52%
ROE(3y)9.73%
ROE(5y)8.37%
ROIC(3y)5.98%
ROIC(5y)5.34%
EIF-DB-L.CA Yearly ROA, ROE, ROICEIF-DB-L.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

The Profit Margin of EIF-DB-L (4.71%) is better than 66.67% of its industry peers.
In the last couple of years the Profit Margin of EIF-DB-L has declined.
With a decent Operating Margin value of 11.97%, EIF-DB-L is doing good in the industry, outperforming 77.78% of the companies in the same industry.
In the last couple of years the Operating Margin of EIF-DB-L has remained more or less at the same level.
EIF-DB-L has a Gross Margin of 37.29%. This is in the lower half of the industry: EIF-DB-L underperforms 77.78% of its industry peers.
In the last couple of years the Gross Margin of EIF-DB-L has declined.
Industry RankSector Rank
OM 11.97%
PM (TTM) 4.71%
GM 37.29%
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%
EIF-DB-L.CA Yearly Profit, Operating, Gross MarginsEIF-DB-L.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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3

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), EIF-DB-L is destroying value.
EIF-DB-L has more shares outstanding than it did 1 year ago.
The number of shares outstanding for EIF-DB-L has been increased compared to 5 years ago.
EIF-DB-L has a worse debt/assets ratio than last year.
EIF-DB-L.CA Yearly Shares OutstandingEIF-DB-L.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
EIF-DB-L.CA Yearly Total Debt VS Total AssetsEIF-DB-L.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

2.2 Solvency

An Altman-Z score of 2.23 indicates that EIF-DB-L is not a great score, but indicates only limited risk for bankruptcy at the moment.
EIF-DB-L's Altman-Z score of 2.23 is fine compared to the rest of the industry. EIF-DB-L outperforms 66.67% of its industry peers.
EIF-DB-L has a Debt/Equity ratio of 1.67. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.67, EIF-DB-L is doing worse than 66.67% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.67
Debt/FCF N/A
Altman-Z 2.23
ROIC/WACC0.69
WACC8.66%
EIF-DB-L.CA Yearly LT Debt VS Equity VS FCFEIF-DB-L.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B 2B

2.3 Liquidity

EIF-DB-L has a Current Ratio of 2.24. This indicates that EIF-DB-L is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.24, EIF-DB-L is in the better half of the industry, outperforming 77.78% of the companies in the same industry.
EIF-DB-L has a Quick Ratio of 1.47. This is a normal value and indicates that EIF-DB-L is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Quick ratio value of 1.47, EIF-DB-L is doing good in the industry, outperforming 77.78% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.24
Quick Ratio 1.47
EIF-DB-L.CA Yearly Current Assets VS Current LiabilitesEIF-DB-L.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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6

3. Growth

3.1 Past

EIF-DB-L shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12.95%, which is quite good.
EIF-DB-L shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.27% yearly.
Looking at the last year, EIF-DB-L shows a small growth in Revenue. The Revenue has grown by 6.87% in the last year.
EIF-DB-L shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.67% yearly.
EPS 1Y (TTM)12.95%
EPS 3Y9.61%
EPS 5Y-0.27%
EPS Q2Q%14.29%
Revenue 1Y (TTM)6.87%
Revenue growth 3Y23.47%
Revenue growth 5Y14.67%
Sales Q2Q%8.99%

3.2 Future

Based on estimates for the next years, EIF-DB-L will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.75% on average per year.
EIF-DB-L is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.08% yearly.
EPS Next Y27.78%
EPS Next 2Y24.79%
EPS Next 3Y22.7%
EPS Next 5Y13.75%
Revenue Next Year13.98%
Revenue Next 2Y12.94%
Revenue Next 3Y11.35%
Revenue Next 5Y15.08%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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.
EIF-DB-L.CA Yearly Revenue VS EstimatesEIF-DB-L.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1B 2B 3B 4B 5B
EIF-DB-L.CA Yearly EPS VS EstimatesEIF-DB-L.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3 4 5

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1

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 42.38, the valuation of EIF-DB-L can be described as expensive.
EIF-DB-L's Price/Earnings ratio is in line with the industry average.
EIF-DB-L is valuated expensively when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 28.97, which means the current valuation is very expensive for EIF-DB-L.
EIF-DB-L's Price/Forward Earnings is on the same level as the industry average.
EIF-DB-L's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 22.73.
Industry RankSector Rank
PE 42.38
Fwd PE 28.97
EIF-DB-L.CA Price Earnings VS Forward Price EarningsEIF-DB-L.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

77.78% of the companies in the same industry are cheaper than EIF-DB-L, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 13.65
EIF-DB-L.CA Per share dataEIF-DB-L.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40 50

4.3 Compensation for Growth

EIF-DB-L's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as EIF-DB-L's earnings are expected to grow with 22.70% in the coming years.
PEG (NY)1.53
PEG (5Y)N/A
EPS Next 2Y24.79%
EPS Next 3Y22.7%

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4

5. Dividend

5.1 Amount

EIF-DB-L has a Yearly Dividend Yield of 3.75%.
EIF-DB-L's Dividend Yield is rather good when compared to the industry average which is at 2.69. EIF-DB-L pays more dividend than 100.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, EIF-DB-L pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.75%

5.2 History

The dividend of EIF-DB-L has a limited annual growth rate of 3.39%.
EIF-DB-L does not have a reliable dividend history as it only pays dividend since a couple or years.
Dividend Growth(5Y)3.39%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

99.73% of the earnings are spent on dividend by EIF-DB-L. This is not a sustainable payout ratio.
The dividend of EIF-DB-L is growing, but earnings are growing more, so the dividend growth is sustainable.
DP99.73%
EPS Next 2Y24.79%
EPS Next 3Y22.7%
EIF-DB-L.CA Yearly Income VS Free CF VS DividendEIF-DB-L.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M -100M -150M
EIF-DB-L.CA Dividend Payout.EIF-DB-L.CA Dividend Payout, showing the Payout Ratio.EIF-DB-L.CA Dividend Payout.PayoutRetained Earnings

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EXCHANGE INCOME CORP

TSX:EIF-DB-L (9/11/2025, 7:00:00 PM)

133.08

+0.15 (+0.11%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)08-11 2025-08-11/amc
Earnings (Next)11-05 2025-11-05
Inst Owners10.86%
Inst Owner ChangeN/A
Ins Owners6.1%
Ins Owner ChangeN/A
Market Cap6.87B
Analysts81.18
Price Target156.97 (17.95%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.75%
Yearly Dividend2.6
Dividend Growth(5Y)3.39%
DP99.73%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-6.59%
Min EPS beat(2)-10.57%
Max EPS beat(2)-2.6%
EPS beat(4)0
Avg EPS beat(4)-5.53%
Min EPS beat(4)-10.57%
Max EPS beat(4)-2.6%
EPS beat(8)1
Avg EPS beat(8)-4.98%
EPS beat(12)2
Avg EPS beat(12)-5.38%
EPS beat(16)6
Avg EPS beat(16)7.57%
Revenue beat(2)0
Avg Revenue beat(2)-1.67%
Min Revenue beat(2)-2.71%
Max Revenue beat(2)-0.64%
Revenue beat(4)0
Avg Revenue beat(4)-3.34%
Min Revenue beat(4)-5.7%
Max Revenue beat(4)-0.64%
Revenue beat(8)2
Avg Revenue beat(8)-1.98%
Revenue beat(12)6
Avg Revenue beat(12)0.28%
Revenue beat(16)10
Avg Revenue beat(16)3.05%
PT rev (1m)11.77%
PT rev (3m)9.67%
EPS NQ rev (1m)9.8%
EPS NQ rev (3m)-34.82%
EPS NY rev (1m)1%
EPS NY rev (3m)1%
Revenue NQ rev (1m)6.05%
Revenue NQ rev (3m)25.7%
Revenue NY rev (1m)3%
Revenue NY rev (3m)2.9%
Valuation
Industry RankSector Rank
PE 42.38
Fwd PE 28.97
P/S 2.47
P/FCF N/A
P/OCF 15.36
P/B 4.75
P/tB 24.38
EV/EBITDA 13.65
EPS(TTM)3.14
EY2.36%
EPS(NY)4.59
Fwd EY3.45%
FCF(TTM)-1.16
FCFYN/A
OCF(TTM)8.67
OCFY6.51%
SpS53.94
BVpS28.03
TBVpS5.46
PEG (NY)1.53
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 2.75%
ROE 9.07%
ROCE 8.1%
ROIC 5.96%
ROICexc 6.32%
ROICexgc 9.02%
OM 11.97%
PM (TTM) 4.71%
GM 37.29%
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%
ROICexcg growth 3Y4.16%
ROICexcg 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-Score5
Asset Turnover0.58
Health
Industry RankSector Rank
Debt/Equity 1.67
Debt/FCF N/A
Debt/EBITDA 3.63
Cap/Depr 152.1%
Cap/Sales 18.22%
Interest Coverage 2.68
Cash Conversion 67.08%
Profit Quality N/A
Current Ratio 2.24
Quick Ratio 1.47
Altman-Z 2.23
F-Score5
WACC8.66%
ROIC/WACC0.69
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)12.95%
EPS 3Y9.61%
EPS 5Y-0.27%
EPS Q2Q%14.29%
EPS Next Y27.78%
EPS Next 2Y24.79%
EPS Next 3Y22.7%
EPS Next 5Y13.75%
Revenue 1Y (TTM)6.87%
Revenue growth 3Y23.47%
Revenue growth 5Y14.67%
Sales Q2Q%8.99%
Revenue Next Year13.98%
Revenue Next 2Y12.94%
Revenue Next 3Y11.35%
Revenue Next 5Y15.08%
EBIT growth 1Y14.84%
EBIT growth 3Y30.33%
EBIT growth 5Y14.87%
EBIT Next Year98.94%
EBIT Next 3Y32.31%
EBIT Next 5Y28.61%
FCF growth 1Y11.09%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y31.27%
OCF growth 3Y7.79%
OCF growth 5Y10.45%