EXCHANGE INCOME CORP (EIF.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:EIF - CA3012831077 - Common Stock
81.91 CAD
-0.7 (-0.85%)
EIF gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals 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.
1. Profitability
1.1 Basic Checks
In the past year EIF was profitable.
In the past year EIF had a positive cash flow from operations.
Each year in the past 5 years EIF has been profitable.
Each year in the past 5 years EIF had a positive operating cash flow.
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.
Looking at the Return On Equity, with a value of 8.76%, EIF belongs to the top of the industry, outperforming 100.00% 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.
Measured over the past 3 years, the Average Return On Invested Capital for EIF is in line with the industry average of 5.15%.
| Industry Rank | Sector 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%
1.3 Margins
EIF has a better Profit Margin (4.75%) than 83.33% of its industry peers.
EIF's Profit Margin has declined in the last couple of years.
EIF's Operating Margin of 11.47% 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 remained more or less at the same level.
The Gross Margin of EIF (36.67%) is worse 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 | 11.47% | ||
| 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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so EIF is destroying value.
Compared to 1 year ago, EIF has more shares outstanding
EIF has more shares outstanding than it did 5 years ago.
The debt/assets ratio for EIF is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.67, we must say that EIF is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 1.67, EIF is doing good in the industry, outperforming 66.67% of the companies in the same industry.
EIF has a Debt/Equity ratio of 1.50. 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.5 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.67 |
ROIC/WACC0.71
WACC8.18%
2.3 Liquidity
A Current Ratio of 1.79 indicates that EIF should not have too much problems paying its short term obligations.
EIF's Current ratio of 1.79 is amongst the best of the industry. EIF outperforms 100.00% of its industry peers.
A Quick Ratio of 1.14 indicates that EIF should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.14, EIF belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.79 | ||
| Quick Ratio | 1.14 |
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%.
Measured over the past years, EIF shows a quite strong growth in Revenue. The Revenue has been growing by 14.67% on average per year.
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 19.69% yearly.
The Revenue is expected to grow by 14.83% on average over the next years. This is quite good.
EPS Next Y22.07%
EPS Next 2Y19.52%
EPS Next 3Y18.6%
EPS Next 5Y19.69%
Revenue Next Year20.1%
Revenue Next 2Y16.05%
Revenue Next 3Y12.76%
Revenue Next 5Y14.83%
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.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 24.67, which indicates a rather expensive current valuation of EIF.
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.
EIF's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.76.
The Price/Forward Earnings ratio is 19.44, which indicates a rather expensive current 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.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.96, EIF is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.67 | ||
| Fwd PE | 19.44 |
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 | 9.76 |
4.3 Compensation for Growth
EIF's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of EIF may justify a higher PE ratio.
A more expensive valuation may be justified as EIF's earnings are expected to grow with 18.60% in the coming years.
PEG (NY)1.12
PEG (5Y)N/A
EPS Next 2Y19.52%
EPS Next 3Y18.6%
5. Dividend
5.1 Amount
EIF has a Yearly Dividend Yield of 3.45%. Purely for dividend investing, there may be better candidates out there.
EIF's Dividend Yield is rather good when compared to the industry average which is at 2.14. 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 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.45% |
5.2 History
The dividend of EIF has a limited annual growth rate of 3.39%.
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)3.39%
Div Incr Years3
Div Non Decr Years20
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 2Y19.52%
EPS Next 3Y18.6%
TSX:EIF (12/10/2025, 7:00:00 PM)
81.91
-0.7 (-0.85%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)
Earnings (Next)
Inst Owners11.88%
Inst Owner ChangeN/A
Ins Owners5.76%
Ins Owner ChangeN/A
Market Cap4.45B
Revenue(TTM)3.04B
Net Income(TTM)144.13M
Analysts81.18
Price Target92.04 (12.37%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.45% |
Yearly Dividend2.6
Dividend Growth(5Y)3.39%
DP93.13%
Div Incr Years3
Div Non Decr Years20
Ex-Date
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)9.52%
PT rev (3m)10.97%
EPS NQ rev (1m)-11.46%
EPS NQ rev (3m)-8.22%
EPS NY rev (1m)-6.1%
EPS NY rev (3m)-4.47%
Revenue NQ rev (1m)4.76%
Revenue NQ rev (3m)4.84%
Revenue NY rev (1m)5.54%
Revenue NY rev (3m)5.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.67 | ||
| Fwd PE | 19.44 | ||
| P/S | 1.47 | ||
| P/FCF | N/A | ||
| P/OCF | 8.77 | ||
| P/B | 2.71 | ||
| P/tB | 9.62 | ||
| EV/EBITDA | 9.76 |
EPS(TTM)3.32
EY4.05%
EPS(NY)4.21
Fwd EY5.14%
FCF(TTM)-1.07
FCFYN/A
OCF(TTM)9.34
OCFY11.41%
SpS55.83
BVpS30.25
TBVpS8.51
PEG (NY)1.12
PEG (5Y)N/A
Graham Number47.53
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 1.67 |
F-Score6
WACC8.18%
ROIC/WACC0.71
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 Y22.07%
EPS Next 2Y19.52%
EPS Next 3Y18.6%
EPS Next 5Y19.69%
Revenue 1Y (TTM)15.47%
Revenue growth 3Y23.47%
Revenue growth 5Y14.67%
Sales Q2Q%35.2%
Revenue Next Year20.1%
Revenue Next 2Y16.05%
Revenue Next 3Y12.76%
Revenue Next 5Y14.83%
EBIT growth 1Y14.04%
EBIT growth 3Y30.33%
EBIT growth 5Y14.87%
EBIT Next Year109.31%
EBIT Next 3Y37.98%
EBIT Next 5Y29.59%
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 of EXCHANGE INCOME CORP (EIF.CA) 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 is the financial health of EXCHANGE INCOME CORP (EIF.CA) stock?
The financial health rating of EXCHANGE INCOME CORP (EIF.CA) is 3 / 10.
What is the earnings growth outlook for EXCHANGE INCOME CORP?
The Earnings per Share (EPS) of EXCHANGE INCOME CORP (EIF.CA) is expected to grow by 22.07% in the next year.