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NFI

NFI GroupTSX:NFI Stock Report

Market Cap

CA$1.7b

7D

-19.7%

1Y

45.0%

Updated

26 Sep, 2021

Data

Company Financials +
NFI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance0/6
Financial Health1/6
Dividends2/6

NFI Overview

NFI Group Inc., together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, Europe, the Asia Pacific, and internationally.

NFI Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for NFI Group
Historical stock prices
Current Share PriceCA$23.99
52 Week HighCA$14.97
52 Week LowCA$32.74
Beta1.64
1 Month Change-23.94%
3 Month Change-15.47%
1 Year Change44.96%
3 Year Change-52.28%
5 Year Change-39.16%
Change since IPO219.87%

Recent News & Updates

Sep 24
NFI Group's (TSE:NFI) Dividend Will Be CA$0.21

NFI Group's (TSE:NFI) Dividend Will Be CA$0.21

The board of NFI Group Inc. ( TSE:NFI ) has announced that it will pay a dividend of CA$0.21 per share on the 15th of...

Aug 06
NFI Group (TSE:NFI) Has A Somewhat Strained Balance Sheet

NFI Group (TSE:NFI) Has A Somewhat Strained Balance Sheet

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

NFICA MachineryCA Market
7D-19.7%-4.9%-0.3%
1Y45.0%60.9%30.8%

Return vs Industry: NFI underperformed the Canadian Machinery industry which returned 60.9% over the past year.

Return vs Market: NFI exceeded the Canadian Market which returned 30.8% over the past year.

Price Volatility

Is NFI's price volatile compared to industry and market?
NFI volatility
NFI Beta1.64
Industry Beta1.59
Market Beta1

Stable Share Price: NFI is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: NFI's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19309,300Paul Soubryhttps://www.nfigroup.com

NFI Group Inc., together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, Europe, the Asia Pacific, and internationally. It operates through two segments, Manufacturing Operations and Aftermarket Operations. The company offers heavy-duty transit buses under the New Flyer name; single and double-deck buses under the name Alexander Dennis Limited; motor coaches under Plaxton and MCI names; low-floor cutaway and medium-duty buses under the ARBOC brand; and aftermarket parts under the NFI Parts name.

NFI Group Fundamentals Summary

How do NFI Group's earnings and revenue compare to its market cap?
NFI fundamental statistics
Market CapUS$1.34b
Earnings (TTM)-US$6.83m
Revenue (TTM)US$2.53b

0.5x

P/S Ratio

-196.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NFI income statement (TTM)
RevenueUS$2.53b
Cost of RevenueUS$2.29b
Gross ProfitUS$241.60m
ExpensesUS$248.42m
Earnings-US$6.83m

Last Reported Earnings

Jun 27, 2021

Next Earnings Date

Nov 03, 2021

Earnings per share (EPS)-0.096
Gross Margin9.54%
Net Profit Margin-0.27%
Debt/Equity Ratio121.0%

How did NFI perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

-666%

Payout Ratio

Does NFI pay a reliable dividends?

See NFI dividend history and benchmarks
When do you need to buy NFI by to receive an upcoming dividend?
NFI Group dividend dates
Ex Dividend DateSep 28 2021
Dividend Pay DateOct 15 2021
Days until Ex dividend0 days
Days until Dividend pay date17 days

Does NFI pay a reliable dividends?

See NFI dividend history and benchmarks

Valuation

Is NFI Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NFI (CA$23.99) is trading below our estimate of fair value (CA$67.59)

Significantly Below Fair Value: NFI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NFI is unprofitable, so we can't compare its PE Ratio to the Canadian Machinery industry average.

PE vs Market: NFI is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NFI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NFI is good value based on its PB Ratio (1.6x) compared to the CA Machinery industry average (3.1x).


Future Growth

How is NFI Group forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

108.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NFI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).

Earnings vs Market: NFI is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: NFI's is expected to become profitable in the next 3 years.

Revenue vs Market: NFI's revenue (13.9% per year) is forecast to grow faster than the Canadian market (6.1% per year).

High Growth Revenue: NFI's revenue (13.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if NFI's Return on Equity is forecast to be high in 3 years time


Past Performance

How has NFI Group performed over the past 5 years?

-44.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NFI is currently unprofitable.

Growing Profit Margin: NFI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NFI is unprofitable, and losses have increased over the past 5 years at a rate of 44% per year.

Accelerating Growth: Unable to compare NFI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NFI is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (21.3%).


Return on Equity

High ROE: NFI has a negative Return on Equity (-0.84%), as it is currently unprofitable.


Financial Health

How is NFI Group's financial position?


Financial Position Analysis

Short Term Liabilities: NFI's short term assets ($1.1B) exceed its short term liabilities ($653.3M).

Long Term Liabilities: NFI's short term assets ($1.1B) do not cover its long term liabilities ($1.2B).


Debt to Equity History and Analysis

Debt Level: NFI's debt to equity ratio (121%) is considered high.

Reducing Debt: NFI's debt to equity ratio has increased from 109.2% to 121% over the past 5 years.

Debt Coverage: NFI's debt is not well covered by operating cash flow (9.1%).

Interest Coverage: NFI's interest payments on its debt are not well covered by EBIT (0.1x coverage).


Balance Sheet


Dividend

What is NFI Group current dividend yield, its reliability and sustainability?

3.51%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NFI's dividend (3.51%) is higher than the bottom 25% of dividend payers in the Canadian market (1.66%).

High Dividend: NFI's dividend (3.51%) is low compared to the top 25% of dividend payers in the Canadian market (4.59%).


Stability and Growth of Payments

Stable Dividend: NFI's dividend payments have been volatile in the past 10 years.

Growing Dividend: NFI's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: NFI is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: NFI's dividends in 3 years are forecast to be well covered by earnings (35.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.9yrs

Average management tenure


CEO

Paul Soubry (58 yo)

12.67yrs

Tenure

US$2,516,963

Compensation

Mr. Paul Soubry, Jr., ICD D, has been the Chief Executive Officer and President of NFI Group Inc. (formerly known as New Flyer Industries Inc.) and New Flyer Holdings, Inc. since January 19, 2009. He has b...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD2.52M) is about average for companies of similar size in the Canadian market ($USD2.00M).

Compensation vs Earnings: Paul's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: NFI's management team is seasoned and experienced (9.9 years average tenure).


Board Members

Experienced Board: NFI's board of directors are considered experienced (6.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: NFI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.5%.


Top Shareholders

Company Information

NFI Group Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: NFI Group Inc.
  • Ticker: NFI
  • Exchange: TSX
  • Founded: 1930
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: CA$1.703b
  • Shares outstanding: 70.99m
  • Website: https://www.nfigroup.com

Number of Employees


Location

  • NFI Group Inc.
  • 711 Kernaghan Avenue
  • Winnipeg
  • Manitoba
  • R2C 3T4
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/26 22:14
End of Day Share Price2021/09/24 00:00
Earnings2021/06/27
Annual Earnings2020/12/27


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.