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

Canada - TSX:EIF-DB-M - CA301283AP29

124.01 CAD
+2.76 (+2.28%)
Last: 9/19/2025, 7:00:00 PM
Fundamental Rating

4

Taking everything into account, EIF-DB-M scores 4 out of 10 in our fundamental rating. EIF-DB-M was compared to 9 industry peers in the Passenger Airlines industry. Both the profitability and the financial health of EIF-DB-M get a neutral evaluation. Nothing too spectacular is happening here. EIF-DB-M is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

EIF-DB-M had positive earnings in the past year.
In the past year EIF-DB-M had a positive cash flow from operations.
Each year in the past 5 years EIF-DB-M has been profitable.
In the past 5 years EIF-DB-M always reported a positive cash flow from operatings.
EIF-DB-M.CA Yearly Net Income VS EBIT VS OCF VS FCFEIF-DB-M.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

The Return On Assets of EIF-DB-M (2.75%) is better than 77.78% of its industry peers.
EIF-DB-M has a better Return On Equity (9.07%) than 77.78% of its industry peers.
With a Return On Invested Capital value of 5.96%, EIF-DB-M perfoms like the industry average, outperforming 55.56% of the companies in the same industry.
EIF-DB-M 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-M.CA Yearly ROA, ROE, ROICEIF-DB-M.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

Looking at the Profit Margin, with a value of 4.71%, EIF-DB-M is in the better half of the industry, outperforming 77.78% of the companies in the same industry.
EIF-DB-M's Profit Margin has declined in the last couple of years.
EIF-DB-M has a better Operating Margin (11.97%) than 88.89% of its industry peers.
In the last couple of years the Operating Margin of EIF-DB-M has remained more or less at the same level.
Looking at the Gross Margin, with a value of 37.29%, EIF-DB-M is doing worse than 66.67% of the companies in the same industry.
In the last couple of years the Gross Margin of EIF-DB-M 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-M.CA Yearly Profit, Operating, Gross MarginsEIF-DB-M.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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4

2. Health

2.1 Basic Checks

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

EIF-DB-M has an Altman-Z score of 2.13. This is not the best score and indicates that EIF-DB-M is in the grey zone with still only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.13, EIF-DB-M perfoms like the industry average, outperforming 55.56% of the companies in the same industry.
A Debt/Equity ratio of 1.67 is on the high side and indicates that EIF-DB-M has dependencies on debt financing.
The Debt to Equity ratio of EIF-DB-M (1.67) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 1.67
Debt/FCF N/A
Altman-Z 2.13
ROIC/WACC0.69
WACC8.63%
EIF-DB-M.CA Yearly LT Debt VS Equity VS FCFEIF-DB-M.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

A Current Ratio of 2.24 indicates that EIF-DB-M has no problem at all paying its short term obligations.
EIF-DB-M's Current ratio of 2.24 is amongst the best of the industry. EIF-DB-M outperforms 88.89% of its industry peers.
EIF-DB-M has a Quick Ratio of 1.47. This is a normal value and indicates that EIF-DB-M is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.47, EIF-DB-M belongs to the top of the industry, outperforming 88.89% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.24
Quick Ratio 1.47
EIF-DB-M.CA Yearly Current Assets VS Current LiabilitesEIF-DB-M.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

The Earnings Per Share has grown by an nice 12.95% over the past year.
Measured over the past years, EIF-DB-M shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.27% on average per year.
Looking at the last year, EIF-DB-M shows a small growth in Revenue. The Revenue has grown by 6.87% in the last year.
EIF-DB-M 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

The Earnings Per Share is expected to grow by 13.75% on average over the next years. This is quite good.
Based on estimates for the next years, EIF-DB-M will show a quite strong growth in Revenue. The Revenue will grow by 15.08% on average per year.
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.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
EIF-DB-M.CA Yearly Revenue VS EstimatesEIF-DB-M.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-M.CA Yearly EPS VS EstimatesEIF-DB-M.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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2

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 39.49, EIF-DB-M can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of EIF-DB-M indicates a somewhat cheap valuation: EIF-DB-M is cheaper than 66.67% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.38. EIF-DB-M is valued slightly more expensive when compared to this.
A Price/Forward Earnings ratio of 26.99 indicates a quite expensive valuation of EIF-DB-M.
Compared to the rest of the industry, the Price/Forward Earnings ratio of EIF-DB-M indicates a somewhat cheap valuation: EIF-DB-M is cheaper than 66.67% of the companies listed in the same industry.
EIF-DB-M's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.86.
Industry RankSector Rank
PE 39.49
Fwd PE 26.99
EIF-DB-M.CA Price Earnings VS Forward Price EarningsEIF-DB-M.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

EIF-DB-M's Enterprise Value to EBITDA ratio is in line with the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 12.86
EIF-DB-M.CA Per share dataEIF-DB-M.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-M's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
EIF-DB-M's earnings are expected to grow with 22.70% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.42
PEG (5Y)N/A
EPS Next 2Y24.79%
EPS Next 3Y22.7%

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4

5. Dividend

5.1 Amount

EIF-DB-M has a Yearly Dividend Yield of 3.75%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.69, EIF-DB-M pays a better dividend. On top of this EIF-DB-M pays more dividend than 88.89% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, EIF-DB-M pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.75%

5.2 History

The dividend of EIF-DB-M has a limited annual growth rate of 3.39%.
EIF-DB-M is new to the dividend game and has less than 3 years of track record.
Dividend Growth(5Y)3.39%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

EIF-DB-M pays out 99.73% of its income as dividend. This is not a sustainable payout ratio.
EIF-DB-M's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP99.73%
EPS Next 2Y24.79%
EPS Next 3Y22.7%
EIF-DB-M.CA Yearly Income VS Free CF VS DividendEIF-DB-M.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-M.CA Dividend Payout.EIF-DB-M.CA Dividend Payout, showing the Payout Ratio.EIF-DB-M.CA Dividend Payout.PayoutRetained Earnings

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EXCHANGE INCOME CORP

TSX:EIF-DB-M (9/19/2025, 7:00:00 PM)

124.01

+2.76 (+2.28%)

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 Cap6.41B
Analysts81.18
Price Target141.92 (14.44%)
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)10.08%
PT rev (3m)5.87%
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 39.49
Fwd PE 26.99
P/S 2.3
P/FCF N/A
P/OCF 14.31
P/B 4.42
P/tB 22.72
EV/EBITDA 12.86
EPS(TTM)3.14
EY2.53%
EPS(NY)4.59
Fwd EY3.7%
FCF(TTM)-1.16
FCFYN/A
OCF(TTM)8.67
OCFY6.99%
SpS53.94
BVpS28.03
TBVpS5.46
PEG (NY)1.42
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 2.13
F-Score5
WACC8.63%
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%