EXCHANGE INCOME CORP (EIF.CA) Fundamental Analysis & Valuation
TSX:EIF • CA3012831077
99.62 CAD
-1.42 (-1.41%)
Last: Mar 9, 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.
Overall EIF gets a fundamental rating of 6 out of 10. We evaluated EIF against 6 industry peers in the Passenger Airlines industry. Both the profitability and the financial health of EIF get a neutral evaluation. Nothing too spectacular is happening here. 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
- EIF had positive earnings in the past year.
- In the past year EIF had a positive cash flow from operations.
- Each year in the past 5 years EIF has been profitable.
- In the past 5 years EIF always reported a positive cash flow from operatings.
1.2 Ratios
- With a Return On Assets value of 3.18%, EIF perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
- Looking at the Return On Equity, with a value of 9.53%, EIF is in line with its industry, outperforming 50.00% of the companies in the same industry.
- 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.
- EIF had an Average Return On Invested Capital over the past 3 years of 5.99%. This is in line with the industry average of 5.48%.
- The last Return On Invested Capital (6.03%) for EIF is above the 3 year average (5.99%), which is a sign of increasing profitability.
| 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 has a Profit Margin (5.11%) which is in line with its industry peers.
- EIF's Profit Margin has improved in the last couple of years.
- EIF's Operating Margin of 11.27% is amongst the best of the industry. EIF outperforms 100.00% of its industry peers.
- In the last couple of years the Operating Margin of EIF has grown nicely.
- EIF has a worse Gross Margin (36.52%) than 66.67% of its industry peers.
- In the last couple of years the Gross Margin of EIF has declined.
| 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
- The debt/assets ratio for EIF has been reduced compared to a year ago.
2.2 Solvency
- An Altman-Z score of 1.94 indicates that EIF is not a great score, but indicates only limited risk for bankruptcy at the moment.
- With a decent Altman-Z score value of 1.94, EIF is doing good in the industry, outperforming 66.67% of the companies in the same industry.
- EIF has a Debt/Equity ratio of 1.35. This is a high value indicating a heavy dependency on external financing.
- EIF's Debt to Equity ratio of 1.35 is in line compared to the rest of the industry. EIF outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.35 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.94 |
ROIC/WACC0.7
WACC8.68%
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.
- A Quick Ratio of 1.07 indicates that EIF should not have too much problems paying its short term obligations.
- With an excellent Quick ratio value of 1.07, EIF belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.71 | ||
| Quick Ratio | 1.07 |
3. EIF.CA Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an impressive 20.68% over the past year.
- Measured over the past years, EIF shows a very strong growth in Earnings Per Share. The EPS has been growing by 22.13% on average per year.
- The Revenue has grown by 23.22% in the past year. This is a very strong growth!
- 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
- Based on estimates for the next years, EIF will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.60% on average per year.
- 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.
- Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. EIF.CA Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 27.98, 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 is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.46, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 23.80, EIF is valued on the expensive side.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of EIF indicates a somewhat cheap valuation: EIF is cheaper than 66.67% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.65, EIF is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.98 | ||
| Fwd PE | 23.8 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as EIF.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.57 |
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.
- EIF's earnings are expected to grow with 15.71% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.59
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.
- EIF's Dividend Yield is rather good when compared to the industry average which is at 0.96. EIF pays more dividend than 100.00% of the companies in the same industry.
- EIF's Dividend Yield is a higher than the S&P500 average which is at 1.82.
| 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 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)3.03%
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 (3/9/2026, 7:00:00 PM)
99.62
-1.42 (-1.41%)
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 Cap5.60B
Revenue(TTM)3.28B
Net Income(TTM)167.52M
Analysts81.25
Price Target105.66 (6.06%)
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 | 27.98 | ||
| Fwd PE | 23.8 | ||
| P/S | 1.71 | ||
| P/FCF | N/A | ||
| P/OCF | 8.65 | ||
| P/B | 3.19 | ||
| P/tB | 9.6 | ||
| EV/EBITDA | 10.57 |
EPS(TTM)3.56
EY3.57%
EPS(NY)4.19
Fwd EY4.2%
FCF(TTM)-1.46
FCFYN/A
OCF(TTM)11.52
OCFY11.56%
SpS58.27
BVpS31.24
TBVpS10.38
PEG (NY)1.59
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 | 1.94 |
F-Score7
WACC8.68%
ROIC/WACC0.7
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 27.98 and the Price/Book (PB) ratio is 3.19.
How financially healthy is EXCHANGE INCOME CORP?
The financial health rating of EXCHANGE INCOME CORP (EIF.CA) is 4 / 10.