NFI Group Inc.'s (TSE:NFI) Intrinsic Value Is Potentially 77% Above Its Share Price
Dec 07
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Canadian (TSX) Machinery Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies23
- 7D-3.1%
- 3M-5.3%
- 1Y-13.7%
- YTD-13.2%
Over the last 7 days, the Machinery industry has dropped 4.3%, driven by a pullback from ATS of 5.2%. Meanwhile, EnWave actually outperformed within the industry, gaining 15% in the last week. The industry has fallen 16% in the last year. Looking forward, earnings are forecast to grow by 45% annually.
Industry Valuation and Performance
Has the Canadian Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | CA$9.0b | CA$11.4b | -CA$155,885,031.53 | 31.8x | -57.5x | 0.8x |
| Mon, 18 Nov 2024 | CA$9.2b | CA$11.3b | -CA$161,367,190.53 | 34.1x | -57x | 0.8x |
| Wed, 16 Oct 2024 | CA$9.9b | CA$11.4b | -CA$113,034,424.73 | 33.1x | -88x | 0.9x |
| Fri, 13 Sep 2024 | CA$9.2b | CA$11.3b | -CA$110,162,261.17 | 25.1x | -83.2x | 0.8x |
| Sun, 11 Aug 2024 | CA$9.2b | CA$11.3b | -CA$129,090,409.15 | 25.6x | -71.3x | 0.8x |
| Tue, 09 Jul 2024 | CA$9.4b | CA$11.1b | -CA$171,198,361.85 | 23.3x | -55.1x | 0.8x |
| Thu, 06 Jun 2024 | CA$9.7b | CA$11.2b | -CA$168,284,394.86 | 22.5x | -57.5x | 0.9x |
| Sat, 04 May 2024 | CA$8.9b | CA$11.1b | -CA$233,401,547.85 | 24.9x | -38.3x | 0.8x |
| Mon, 01 Apr 2024 | CA$9.6b | CA$10.8b | -CA$265,610,682.06 | 22.8x | -36.2x | 0.9x |
| Wed, 28 Feb 2024 | CA$10.1b | CA$10.6b | -CA$485,086,835.02 | 23x | -20.9x | 1x |
| Fri, 26 Jan 2024 | CA$11.2b | CA$10.9b | -CA$565,872,074.00 | 22.3x | -19.9x | 1x |
| Sun, 24 Dec 2023 | CA$11.2b | CA$10.8b | -CA$544,239,383.00 | 27.4x | -20.6x | 1x |
| Tue, 21 Nov 2023 | CA$10.8b | CA$11.0b | -CA$570,833,523.00 | 20.5x | -18.8x | 1x |
| Thu, 19 Oct 2023 | CA$10.4b | CA$10.5b | -CA$614,584,511.00 | 20.9x | -16.9x | 1x |
| Sat, 16 Sep 2023 | CA$11.3b | CA$10.4b | -CA$603,855,433.00 | 20.9x | -18.7x | 1.1x |
| Mon, 14 Aug 2023 | CA$11.1b | CA$10.0b | -CA$626,320,197.00 | 23.3x | -17.8x | 1.1x |
| Wed, 12 Jul 2023 | CA$11.3b | CA$9.8b | -CA$597,641,991.00 | 25.1x | -19x | 1.2x |
| Fri, 09 Jun 2023 | CA$10.9b | CA$9.8b | -CA$601,420,651.00 | 25.5x | -18.1x | 1.1x |
| Sun, 07 May 2023 | CA$10.5b | CA$9.5b | -CA$519,230,080.00 | 28.9x | -20.3x | 1.1x |
| Tue, 04 Apr 2023 | CA$10.2b | CA$9.4b | -CA$539,655,843.00 | 23.4x | -18.9x | 1.1x |
| Thu, 02 Mar 2023 | CA$10.3b | CA$9.4b | -CA$247,659,232.00 | 29.7x | -41.7x | 1.1x |
| Sat, 28 Jan 2023 | CA$10.0b | CA$9.2b | -CA$247,096,229.00 | 28.7x | -40.6x | 1.1x |
| Mon, 26 Dec 2022 | CA$8.3b | CA$9.3b | -CA$250,339,458.00 | 23.7x | -33.3x | 0.9x |
| Wed, 23 Nov 2022 | CA$8.6b | CA$9.2b | -CA$239,377,857.00 | 23.4x | -35.8x | 0.9x |
| Fri, 21 Oct 2022 | CA$8.6b | CA$9.0b | -CA$12,414,172.00 | 15.1x | -695.1x | 1x |
| Sun, 18 Sep 2022 | CA$8.7b | CA$8.9b | -CA$2,480,627.00 | 16.9x | -3526.3x | 1x |
| Tue, 16 Aug 2022 | CA$9.9b | CA$8.8b | CA$15.8m | 14.8x | 628.5x | 1.1x |
| Thu, 14 Jul 2022 | CA$8.3b | CA$8.8b | -CA$117,810,924.00 | 20.2x | -70.1x | 0.9x |
| Sat, 11 Jun 2022 | CA$8.8b | CA$8.8b | -CA$108,249,666.00 | 20.2x | -81x | 1x |
| Mon, 09 May 2022 | CA$9.3b | CA$8.4b | -CA$75,804,170.00 | 29.8x | -122.8x | 1.1x |
| Wed, 06 Apr 2022 | CA$11.5b | CA$8.5b | -CA$57,067,657.00 | 35.5x | -202x | 1.4x |
| Fri, 04 Mar 2022 | CA$12.5b | CA$8.3b | -CA$44,760,442.00 | 39.9x | -278.4x | 1.5x |
| Sun, 30 Jan 2022 | CA$12.5b | CA$8.1b | -CA$120,589,002.00 | 41.9x | -103.6x | 1.5x |
| Tue, 28 Dec 2021 | CA$13.6b | CA$8.1b | -CA$113,467,841.00 | 41.9x | -119.8x | 1.7x |
Price to Earnings Ratio
-119.8x
Current Industry PE
- Investors are pessimistic on the Canadian Machinery industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 1.0x is higher than the industry's current PS ratio of 0.80x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 12% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.
Industry Trends
Which industries have driven the changes within the Canadian Industrials industry?
| CA Market | -2.58% | |
| Industrials | -1.91% | |
| Machinery | -3.08% | |
| Construction Machinery and Vehicles | -0.90% | |
| Industrial Machinery | -3.60% | |
| Agricultural Machinery | -4.17% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 32.1x.
- Analysts are expecting annual earnings growth of 21.7%, which is higher than its past year's earnings decline of 20.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 108% over the next 5 years.
- However this is lower than its past earnings growth rate of 242% per year.
- In contrast, the Industrial Machinery industry is expected to see its earnings grow by 22% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NFI NFI Group | CA$14.02 | 1.9% +CA$30.9m | 1.5% | PS0.4x | |
| BSKY BluSky Carbon | CA$0.35 | 32.1% +CA$5.7m | n/a | PB14.4x | |
| ENW EnWave | CA$0.23 | 21.1% +CA$4.4m | -36.1% | PS3.1x | |
| FHYD First Hydrogen | CA$0.37 | 8.8% +CA$2.2m | -76.4% | PE-3.5x | |
| DST Dundee Sustainable Technologies | CA$0.12 | 35.3% +CA$2.0m | 4.5% | PS3.6x |
