EXCHANGE INCOME CORP (EIF.CA) Fundamental Analysis & Valuation
TSX:EIF • CA3012831077
98.91 CAD
-2.75 (-2.71%)
Last: Mar 12, 2026, 07:00 PM
This EIF.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
EIF gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 6 industry peers in the Passenger Airlines industry. EIF has only an average score on both its financial health and profitability. EIF shows excellent growth, but is valued quite expensive already. EIF also has an excellent dividend rating.
1. EIF.CA Profitability Analysis
1.1 Basic Checks
- In the past year EIF was profitable.
- EIF had a positive operating cash flow in the past year.
- EIF had positive earnings in each of the past 5 years.
- Each year in the past 5 years EIF had a positive operating cash flow.
1.2 Ratios
- EIF has a Return On Assets (3.18%) which is in line with its industry peers.
- EIF has a Return On Equity (9.53%) which is in line with its industry peers.
- EIF has a Return On Invested Capital of 6.03%. This is in the better half of the industry: EIF outperforms 66.67% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for EIF is in line with the industry average of 5.48%.
- The 3 year average ROIC (5.99%) for EIF is below the current ROIC(6.03%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.18% | ||
| ROE | 9.53% | ||
| ROIC | 6.03% |
ROA(3y)2.94%
ROA(5y)2.91%
ROE(3y)9.32%
ROE(5y)9.46%
ROIC(3y)5.99%
ROIC(5y)5.75%
1.3 Margins
- EIF's Profit Margin of 5.11% is in line compared to the rest of the industry. EIF outperforms 50.00% of its industry peers.
- EIF's Profit Margin has improved in the last couple of years.
- Looking at the Operating Margin, with a value of 11.27%, EIF belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
- EIF's Operating Margin has improved in the last couple of years.
- The Gross Margin of EIF (36.52%) is worse than 66.67% of its industry peers.
- EIF's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.27% | ||
| PM (TTM) | 5.11% | ||
| GM | 36.52% |
OM growth 3Y-0.65%
OM growth 5Y4.97%
PM growth 3Y-1.36%
PM growth 5Y15.9%
GM growth 3Y1.89%
GM growth 5Y-1.67%
2. EIF.CA Health Analysis
2.1 Basic Checks
- EIF has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- Compared to 1 year ago, EIF has more shares outstanding
- Compared to 5 years ago, EIF has more shares outstanding
- EIF has a better debt/assets ratio than last year.
2.2 Solvency
- EIF has an Altman-Z score of 1.95. This is not the best score and indicates that EIF is in the grey zone with still only limited risk for bankruptcy at the moment.
- With a decent Altman-Z score value of 1.95, EIF is doing good in the industry, outperforming 66.67% of the companies in the same industry.
- A Debt/Equity ratio of 1.35 is on the high side and indicates that EIF has dependencies on debt financing.
- The Debt to Equity ratio of EIF (1.35) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.35 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.95 |
ROIC/WACC0.69
WACC8.69%
2.3 Liquidity
- EIF has a Current Ratio of 1.71. This is a normal value and indicates that EIF is financially healthy and should not expect problems in meeting its short term obligations.
- EIF has a better Current ratio (1.71) than 83.33% of its industry peers.
- EIF has a Quick Ratio of 1.07. This is a normal value and indicates that EIF is financially healthy and should not expect problems in meeting its short term obligations.
- EIF has a better Quick ratio (1.07) than 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.71 | ||
| Quick Ratio | 1.07 |
3. EIF.CA Growth Analysis
3.1 Past
- EIF shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.68%, which is quite impressive.
- The Earnings Per Share has been growing by 22.13% on average over the past years. This is a very strong growth
- Looking at the last year, EIF shows a very strong growth in Revenue. The Revenue has grown by 23.22%.
- The Revenue has been growing by 23.31% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)20.68%
EPS 3Y5.52%
EPS 5Y22.13%
EPS Q2Q%30%
Revenue 1Y (TTM)23.22%
Revenue growth 3Y16.75%
Revenue growth 5Y23.31%
Sales Q2Q%35.17%
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 11.60% yearly.
- The Revenue is expected to grow by 10.45% on average over the next years. This is quite good.
EPS Next Y17.58%
EPS Next 2Y19.35%
EPS Next 3Y15.71%
EPS Next 5Y11.6%
Revenue Next Year15.41%
Revenue Next 2Y11.33%
Revenue Next 3Y10%
Revenue Next 5Y10.45%
3.3 Evolution
- Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
- The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. EIF.CA Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 27.78, EIF can be considered very expensive at the moment.
- EIF's Price/Earnings ratio is a bit cheaper when compared to the industry. EIF is cheaper than 66.67% of the companies in the same industry.
- When comparing the Price/Earnings ratio of EIF to the average of the S&P500 Index (25.71), we can say EIF is valued inline with the index average.
- EIF is valuated rather expensively with a Price/Forward Earnings ratio of 23.63.
- Based on the Price/Forward Earnings ratio, EIF is valued a bit cheaper than 66.67% of the companies in the same industry.
- EIF's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.78 | ||
| Fwd PE | 23.63 |
4.2 Price Multiples
- EIF's Enterprise Value to EBITDA is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.61 |
4.3 Compensation for Growth
- EIF's 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 15.71% in the coming years.
PEG (NY)1.58
PEG (5Y)1.26
EPS Next 2Y19.35%
EPS Next 3Y15.71%
5. EIF.CA Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 2.71%, EIF has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 0.96, EIF pays a better dividend. On top of this EIF pays more dividend than 100.00% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, EIF pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.71% |
5.2 History
- The dividend of EIF has a limited annual growth rate of 3.03%.
- EIF has paid a dividend for at least 10 years, which is a reliable track record.
- EIF has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.03%
Div Incr Years3
Div Non Decr Years20
5.3 Sustainability
- 83.49% of the earnings are spent on dividend by EIF. This is not a sustainable payout ratio.
- EIF's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP83.49%
EPS Next 2Y19.35%
EPS Next 3Y15.71%
EIF.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:EIF (3/12/2026, 7:00:00 PM)
98.91
-2.75 (-2.71%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)02-24 2026-02-24/amc
Earnings (Next)05-11 2026-05-11
Inst Owners13.57%
Inst Owner ChangeN/A
Ins Owners5.57%
Ins Owner ChangeN/A
Market Cap5.56B
Revenue(TTM)3.28B
Net Income(TTM)167.52M
Analysts81.25
Price Target105.66 (6.82%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.71% |
Yearly Dividend2.65
Dividend Growth(5Y)3.03%
DP83.49%
Div Incr Years3
Div Non Decr Years20
Ex-Date02-27 2026-02-27 (0.23)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.76%
Min EPS beat(2)-6.96%
Max EPS beat(2)3.44%
EPS beat(4)1
Avg EPS beat(4)-4.17%
Min EPS beat(4)-10.57%
Max EPS beat(4)3.44%
EPS beat(8)2
Avg EPS beat(8)-4.1%
EPS beat(12)2
Avg EPS beat(12)-5.82%
EPS beat(16)5
Avg EPS beat(16)5.22%
Revenue beat(2)2
Avg Revenue beat(2)8.81%
Min Revenue beat(2)4.94%
Max Revenue beat(2)12.68%
Revenue beat(4)2
Avg Revenue beat(4)3.57%
Min Revenue beat(4)-2.71%
Max Revenue beat(4)12.68%
Revenue beat(8)2
Avg Revenue beat(8)-0.25%
Revenue beat(12)6
Avg Revenue beat(12)0.94%
Revenue beat(16)10
Avg Revenue beat(16)3.16%
PT rev (1m)1.71%
PT rev (3m)14.8%
EPS NQ rev (1m)35.94%
EPS NQ rev (3m)40.74%
EPS NY rev (1m)-0.39%
EPS NY rev (3m)-0.67%
Revenue NQ rev (1m)7.94%
Revenue NQ rev (3m)7%
Revenue NY rev (1m)2.96%
Revenue NY rev (3m)2.96%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.78 | ||
| Fwd PE | 23.63 | ||
| P/S | 1.7 | ||
| P/FCF | N/A | ||
| P/OCF | 8.59 | ||
| P/B | 3.17 | ||
| P/tB | 9.53 | ||
| EV/EBITDA | 10.61 |
EPS(TTM)3.56
EY3.6%
EPS(NY)4.19
Fwd EY4.23%
FCF(TTM)-1.46
FCFYN/A
OCF(TTM)11.52
OCFY11.65%
SpS58.27
BVpS31.24
TBVpS10.38
PEG (NY)1.58
PEG (5Y)1.26
Graham Number50.03
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.18% | ||
| ROE | 9.53% | ||
| ROCE | 8.29% | ||
| ROIC | 6.03% | ||
| ROICexc | 6.24% | ||
| ROICexgc | 8.57% | ||
| OM | 11.27% | ||
| PM (TTM) | 5.11% | ||
| GM | 36.52% | ||
| FCFM | N/A |
ROA(3y)2.94%
ROA(5y)2.91%
ROE(3y)9.32%
ROE(5y)9.46%
ROIC(3y)5.99%
ROIC(5y)5.75%
ROICexc(3y)6.16%
ROICexc(5y)5.94%
ROICexgc(3y)8.77%
ROICexgc(5y)8.6%
ROCE(3y)8.24%
ROCE(5y)7.89%
ROICexgc growth 3Y-1.83%
ROICexgc growth 5Y9.66%
ROICexc growth 3Y0.79%
ROICexc growth 5Y10.2%
OM growth 3Y-0.65%
OM growth 5Y4.97%
PM growth 3Y-1.36%
PM growth 5Y15.9%
GM growth 3Y1.89%
GM growth 5Y-1.67%
F-Score7
Asset Turnover0.62
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.35 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 3.15 | ||
| Cap/Depr | 189.69% | ||
| Cap/Sales | 22.28% | ||
| Interest Coverage | 3.01 | ||
| Cash Conversion | 85.89% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.71 | ||
| Quick Ratio | 1.07 | ||
| Altman-Z | 1.95 |
F-Score7
WACC8.69%
ROIC/WACC0.69
Cap/Depr(3y)179.32%
Cap/Depr(5y)170.95%
Cap/Sales(3y)20.32%
Cap/Sales(5y)19.71%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)20.68%
EPS 3Y5.52%
EPS 5Y22.13%
EPS Q2Q%30%
EPS Next Y17.58%
EPS Next 2Y19.35%
EPS Next 3Y15.71%
EPS Next 5Y11.6%
Revenue 1Y (TTM)23.22%
Revenue growth 3Y16.75%
Revenue growth 5Y23.31%
Sales Q2Q%35.17%
Revenue Next Year15.41%
Revenue Next 2Y11.33%
Revenue Next 3Y10%
Revenue Next 5Y10.45%
EBIT growth 1Y16.31%
EBIT growth 3Y15.99%
EBIT growth 5Y29.43%
EBIT Next Year127.65%
EBIT Next 3Y39.75%
EBIT Next 5Y32.55%
FCF growth 1Y38.36%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y81.49%
OCF growth 3Y24.58%
OCF growth 5Y20.04%
EXCHANGE INCOME CORP / EIF.CA FAQ
Can you provide the ChartMill fundamental rating for EXCHANGE INCOME CORP?
ChartMill assigns a fundamental rating of 6 / 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 27.78 and the Price/Book (PB) ratio is 3.17.
How financially healthy is EXCHANGE INCOME CORP?
The financial health rating of EXCHANGE INCOME CORP (EIF.CA) is 4 / 10.