EXCHANGE INCOME CORP (EIF.CA) Stock Fundamental Analysis

TSX:EIF • CA3012831077

108.68 CAD
-0.55 (-0.5%)
Last: Feb 27, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Overall EIF gets a fundamental rating of 5 out of 10. We evaluated EIF against 6 industry peers in the Passenger Airlines industry. While EIF is still in line with the averages on profitability rating, there are concerns on its financial health. While showing a medium growth rate, EIF is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • EIF had positive earnings in the past year.
  • EIF had a positive operating cash flow in the past year.
  • In the past 5 years EIF has always been profitable.
  • EIF had a positive operating cash flow in each of the past 5 years.
EIF.CA Yearly Net Income VS EBIT VS OCF VS FCFEIF.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 100M -100M 200M 300M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 2.75%, EIF belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
  • With an excellent Return On Equity value of 8.76%, EIF belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
  • The Return On Invested Capital of EIF (5.80%) is better than 66.67% of its industry peers.
  • EIF had an Average Return On Invested Capital over the past 3 years of 5.98%. This is in line with the industry average of 4.97%.
Industry RankSector Rank
ROA 2.75%
ROE 8.76%
ROIC 5.8%
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.CA Yearly ROA, ROE, ROICEIF.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 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 4.75%, EIF belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
  • In the last couple of years the Profit Margin of EIF has declined.
  • EIF's Operating Margin of 11.47% is amongst the best of the industry. EIF outperforms 100.00% of its industry peers.
  • EIF's Operating Margin has been stable in the last couple of years.
  • EIF has a Gross Margin of 36.67%. This is in the lower half of the industry: EIF underperforms 66.67% of its industry peers.
  • EIF's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 11.47%
PM (TTM) 4.75%
GM 36.67%
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.CA Yearly Profit, Operating, Gross MarginsEIF.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 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 is destroying value.
  • EIF has more shares outstanding than it did 1 year ago.
  • EIF has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for EIF is higher compared to a year ago.
EIF.CA Yearly Shares OutstandingEIF.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
EIF.CA Yearly Total Debt VS Total AssetsEIF.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

  • An Altman-Z score of 1.95 indicates that EIF is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • EIF has a better Altman-Z score (1.95) than 66.67% of its industry peers.
  • EIF has a Debt/Equity ratio of 1.50. This is a high value indicating a heavy dependency on external financing.
  • EIF has a Debt to Equity ratio of 1.50. This is comparable to the rest of the industry: EIF outperforms 50.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.5
Debt/FCF N/A
Altman-Z 1.95
ROIC/WACC0.65
WACC8.87%
EIF.CA Yearly LT Debt VS Equity VS FCFEIF.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B 2B

2.3 Liquidity

  • EIF has a Current Ratio of 1.79. This is a normal value and indicates that EIF is financially healthy and should not expect problems in meeting its short term obligations.
  • With an excellent Current ratio value of 1.79, EIF belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
  • A Quick Ratio of 1.14 indicates that EIF should not have too much problems paying its short term obligations.
  • With an excellent Quick ratio value of 1.14, EIF belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.79
Quick Ratio 1.14
EIF.CA Yearly Current Assets VS Current LiabilitesEIF.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 15.68% over the past year.
  • Measured over the past years, EIF shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.27% on average per year.
  • EIF shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.47%.
  • EIF shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.67% yearly.
EPS 1Y (TTM)15.68%
EPS 3Y9.61%
EPS 5Y-0.27%
EPS Q2Q%15.25%
Revenue 1Y (TTM)15.47%
Revenue growth 3Y23.47%
Revenue growth 5Y14.67%
Sales Q2Q%35.2%

3.2 Future

  • EIF is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.76% yearly.
  • Based on estimates for the next years, EIF will show a quite strong growth in Revenue. The Revenue will grow by 13.94% on average per year.
EPS Next Y21.44%
EPS Next 2Y19.35%
EPS Next 3Y18.81%
EPS Next 5Y18.76%
Revenue Next Year20.29%
Revenue Next 2Y16.84%
Revenue Next 3Y13.44%
Revenue Next 5Y13.94%

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 stable.
EIF.CA Yearly Revenue VS EstimatesEIF.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1B 2B 3B 4B 5B
EIF.CA Yearly EPS VS EstimatesEIF.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6

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3

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 32.73, the valuation of EIF can be described as expensive.
  • Based on the Price/Earnings ratio, EIF is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
  • EIF's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.07.
  • A Price/Forward Earnings ratio of 25.86 indicates a quite expensive valuation of EIF.
  • Based on the Price/Forward Earnings ratio, EIF is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of EIF to the average of the S&P500 Index (28.05), we can say EIF is valued inline with the index average.
Industry RankSector Rank
PE 32.73
Fwd PE 25.86
EIF.CA Price Earnings VS Forward Price EarningsEIF.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as EIF.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 12.11
EIF.CA Per share dataEIF.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40 50

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • EIF has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as EIF's earnings are expected to grow with 18.81% in the coming years.
PEG (NY)1.53
PEG (5Y)N/A
EPS Next 2Y19.35%
EPS Next 3Y18.81%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • EIF has a Yearly Dividend Yield of 2.53%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 0.90, EIF pays a better dividend. On top of this EIF pays more dividend than 100.00% of the companies listed in the same industry.
  • EIF's Dividend Yield is a higher than the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.53%

5.2 History

  • The dividend of EIF has a limited annual growth rate of 3.39%.
  • EIF has been paying a dividend for at least 10 years, so it has a reliable track record.
  • EIF has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)3.39%
Div Incr Years3
Div Non Decr Years20
EIF.CA Yearly Dividends per shareEIF.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

5.3 Sustainability

  • EIF pays out 93.13% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of EIF is growing, but earnings are growing more, so the dividend growth is sustainable.
DP93.13%
EPS Next 2Y19.35%
EPS Next 3Y18.81%
EIF.CA Yearly Income VS Free CF VS DividendEIF.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M -100M -150M
EIF.CA Dividend Payout.EIF.CA Dividend Payout, showing the Payout Ratio.EIF.CA Dividend Payout.PayoutRetained Earnings

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EXCHANGE INCOME CORP

TSX:EIF (2/27/2026, 7:00:00 PM)

108.68

-0.55 (-0.5%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)02-24
Earnings (Next)05-11
Inst Owners12.04%
Inst Owner ChangeN/A
Ins Owners5.76%
Ins Owner ChangeN/A
Market Cap6.11B
Revenue(TTM)3.04B
Net Income(TTM)144.13M
Analysts81.18
Price Target105.66 (-2.78%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.53%
Yearly Dividend2.6
Dividend Growth(5Y)3.39%
DP93.13%
Div Incr Years3
Div Non Decr Years20
Ex-Date02-27
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-4.78%
Min EPS beat(2)-6.96%
Max EPS beat(2)-2.6%
EPS beat(4)0
Avg EPS beat(4)-6.21%
Min EPS beat(4)-10.57%
Max EPS beat(4)-2.6%
EPS beat(8)1
Avg EPS beat(8)-4.82%
EPS beat(12)1
Avg EPS beat(12)-6.18%
EPS beat(16)5
Avg EPS beat(16)6.58%
Revenue beat(2)1
Avg Revenue beat(2)4.99%
Min Revenue beat(2)-2.71%
Max Revenue beat(2)12.68%
Revenue beat(4)1
Avg Revenue beat(4)1.25%
Min Revenue beat(4)-4.33%
Max Revenue beat(4)12.68%
Revenue beat(8)2
Avg Revenue beat(8)-0.82%
Revenue beat(12)6
Avg Revenue beat(12)0.82%
Revenue beat(16)10
Avg Revenue beat(16)3.03%
PT rev (1m)11.94%
PT rev (3m)14.8%
EPS NQ rev (1m)-0.54%
EPS NQ rev (3m)-7.52%
EPS NY rev (1m)0%
EPS NY rev (3m)-6.58%
Revenue NQ rev (1m)0.54%
Revenue NQ rev (3m)2.33%
Revenue NY rev (1m)0.15%
Revenue NY rev (3m)5.71%
Valuation
Industry RankSector Rank
PE 32.73
Fwd PE 25.86
P/S 2.01
P/FCF N/A
P/OCF 12.03
P/B 3.72
P/tB 13.21
EV/EBITDA 12.11
EPS(TTM)3.32
EY3.05%
EPS(NY)4.2
Fwd EY3.87%
FCF(TTM)-1.04
FCFYN/A
OCF(TTM)9.03
OCFY8.31%
SpS53.97
BVpS29.24
TBVpS8.23
PEG (NY)1.53
PEG (5Y)N/A
Graham Number46.73
Profitability
Industry RankSector Rank
ROA 2.75%
ROE 8.76%
ROCE 7.88%
ROIC 5.8%
ROICexc 5.91%
ROICexgc 8.12%
OM 11.47%
PM (TTM) 4.75%
GM 36.67%
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%
ROICexgc growth 3Y4.16%
ROICexgc 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-Score6
Asset Turnover0.58
Health
Industry RankSector Rank
Debt/Equity 1.5
Debt/FCF N/A
Debt/EBITDA 3.51
Cap/Depr 158.77%
Cap/Sales 18.66%
Interest Coverage 2.8
Cash Conversion 72.07%
Profit Quality N/A
Current Ratio 1.79
Quick Ratio 1.14
Altman-Z 1.95
F-Score6
WACC8.87%
ROIC/WACC0.65
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)15.68%
EPS 3Y9.61%
EPS 5Y-0.27%
EPS Q2Q%15.25%
EPS Next Y21.44%
EPS Next 2Y19.35%
EPS Next 3Y18.81%
EPS Next 5Y18.76%
Revenue 1Y (TTM)15.47%
Revenue growth 3Y23.47%
Revenue growth 5Y14.67%
Sales Q2Q%35.2%
Revenue Next Year20.29%
Revenue Next 2Y16.84%
Revenue Next 3Y13.44%
Revenue Next 5Y13.94%
EBIT growth 1Y14.04%
EBIT growth 3Y30.33%
EBIT growth 5Y14.87%
EBIT Next Year109.37%
EBIT Next 3Y38.18%
EBIT Next 5Y28.59%
FCF growth 1Y38.41%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y43.83%
OCF growth 3Y7.79%
OCF growth 5Y10.45%

EXCHANGE INCOME CORP / EIF.CA FAQ

Can you provide the ChartMill fundamental rating for EXCHANGE INCOME CORP?

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


What is the valuation status for EIF stock?

ChartMill assigns a valuation rating of 3 / 10 to EXCHANGE INCOME CORP (EIF.CA). This can be considered as Overvalued.


Can you provide the profitability details for EXCHANGE INCOME CORP?

EXCHANGE INCOME CORP (EIF.CA) has a profitability rating of 6 / 10.


What are the PE and PB ratios of EXCHANGE INCOME CORP (EIF.CA) stock?

The Price/Earnings (PE) ratio for EXCHANGE INCOME CORP (EIF.CA) is 32.73 and the Price/Book (PB) ratio is 3.72.


How financially healthy is EXCHANGE INCOME CORP?

The financial health rating of EXCHANGE INCOME CORP (EIF.CA) is 3 / 10.