Equitable Group Inc., through its subsidiary, Equitable Bank, provides various financial services to retail and commercial customers in Canada. More Details
Undervalued established dividend payer.
Share Price & News
How has Equitable Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EQB has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: EQB underperformed the Canadian Mortgage industry which returned -25.4% over the past year.
Return vs Market: EQB underperformed the Canadian Market which returned -3.6% over the past year.
Price Volatility Vs. Market
How volatile is Equitable Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
15 hours ago | Simply Wall StWhat Kind Of Shareholders Hold The Majority In Equitable Group Inc.'s (TSE:EQB) Shares?
3 weeks ago | Simply Wall StOur Take On Equitable Group's (TSE:EQB) CEO Salary
1 month ago | Simply Wall StDid Equitable Group's (TSE:EQB) Share Price Deserve to Gain 44%?
Is Equitable Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EQB (CA$80.85) is trading below our estimate of fair value (CA$161.12)
Significantly Below Fair Value: EQB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: EQB is good value based on its PE Ratio (7.3x) compared to the CA Mortgage industry average (9.3x).
PE vs Market: EQB is good value based on its PE Ratio (7.3x) compared to the Canadian market (16.3x).
Price to Earnings Growth Ratio
PEG Ratio: EQB is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: EQB's PB Ratio (1x) is in line with the CA Mortgage industry average.
How is Equitable Group forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EQB's forecast earnings growth (12.8% per year) is above the savings rate (1.7%).
Earnings vs Market: EQB's earnings (12.8% per year) are forecast to grow slower than the Canadian market (22.8% per year).
High Growth Earnings: EQB's earnings are forecast to grow, but not significantly.
Revenue vs Market: EQB's revenue (6.5% per year) is forecast to grow faster than the Canadian market (5.8% per year).
High Growth Revenue: EQB's revenue (6.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EQB's Return on Equity is forecast to be low in 3 years time (13.3%).
How has Equitable Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EQB has high quality earnings.
Growing Profit Margin: EQB's current net profit margins (39.6%) are lower than last year (42.5%).
Past Earnings Growth Analysis
Earnings Trend: EQB's earnings have grown by 10.8% per year over the past 5 years.
Accelerating Growth: EQB's earnings growth over the past year (3.2%) is below its 5-year average (10.8% per year).
Earnings vs Industry: EQB earnings growth over the past year (3.2%) exceeded the Mortgage industry 3%.
Return on Equity
High ROE: EQB's Return on Equity (12.6%) is considered low.
How is Equitable Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: EQB's Assets to Equity ratio (20x) is moderate.
Allowance for Bad Loans: EQB has a low allowance for bad loans (47%).
Low Risk Liabilities: 55% of EQB's liabilities are made up of primarily low risk sources of funding.
Loan Level: EQB has an appropriate level of Loans to Assets ratio (92%).
Low Risk Deposits: EQB's Loans to Deposits ratio (178%) is high.
Level of Bad Loans: EQB has an appropriate level of bad loans (0.6%).
What is Equitable Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: EQB's dividend (1.83%) is higher than the bottom 25% of dividend payers in the Canadian market (1.69%).
High Dividend: EQB's dividend (1.83%) is low compared to the top 25% of dividend payers in the Canadian market (5.85%).
Stability and Growth of Payments
Stable Dividend: EQB's dividends per share have been stable in the past 10 years.
Growing Dividend: EQB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (12.9%), EQB's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: EQB's dividends in 3 years are forecast to be thoroughly covered by earnings (13.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Andrew R. Moor (60 yo)
Mr. Andrew R. G. Moor serves as Director at Sleep Country Canada Holdings Inc. since July 16, 2015. Mr. Moor joined Equitable Group Incorporated and Equitable Bank in March 2007 and is President, Chief Exe ...
CEO Compensation Analysis
Compensation vs Market: Andrew R.'s total compensation ($USD2.25M) is above average for companies of similar size in the Canadian market ($USD1.29M).
Compensation vs Earnings: Andrew R.'s compensation has been consistent with company performance over the past year.
|Independent Chairman of the Board||6.42yrs||CA$226.25k||0.11% |
|Independent Director||6.42yrs||CA$115.00k||0.0095% |
|Honorary Chairman||6.42yrs||CA$23.44k||no data|
|Independent Director||16.75yrs||CA$105.00k||0.17% |
|Independent Director||3.92yrs||CA$130.00k||0.0085% |
|Independent Director||6.42yrs||CA$115.00k||0.012% |
|Independent Director||7.42yrs||CA$100.00k||0.012% |
|Independent Director||1.92yrs||CA$100.00k||0.0053% |
|Independent Director||9.42yrs||CA$115.00k||0.024% |
|Independent Director||7.42yrs||CA$136.88k||0.012% |
Experienced Board: EQB's board of directors are considered experienced (6.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: EQB insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Equitable Group Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Equitable Group Inc.
- Ticker: EQB
- Exchange: TSX
- Founded: 1970
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: CA$1.359b
- Shares outstanding: 16.81m
- Website: https://www.equitablebank.ca
Number of Employees
- Equitable Group Inc.
- Equitable Bank Tower
- Suite 700
- M4V 3A1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|EQB||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Mar 2004|
|EQGP.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Mar 2004|
|EQB.PRC||TSX (The Toronto Stock Exchange)||PFD SER 3||CA||CAD||Aug 2014|
Equitable Group Inc., through its subsidiary, Equitable Bank, provides various financial services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment c ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/19 00:01|
|End of Day Share Price||2020/10/16 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.