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CGI

Canadian General Investments TSX:CGI Stock Report

Last Price

CA$32.62

Market Cap

CA$680.5m

7D

3.1%

1Y

-15.6%

Updated

29 Jun, 2022

Data

Company Financials
CGI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends3/6

CGI Stock Overview

Canadian General Investments, Limited is a close ended equity mutual fund launched and managed by Morgan Meighen & Associates Limited.

Canadian General Investments Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Canadian General Investments
Historical stock prices
Current Share PriceCA$32.62
52 Week HighCA$45.60
52 Week LowCA$31.64
Beta1.24
1 Month Change-10.90%
3 Month Change-22.92%
1 Year Change-15.60%
3 Year Change28.68%
5 Year Change56.15%
Change since IPO397.37%

Recent News & Updates

Shareholder Returns

CGICA Capital MarketsCA Market
7D3.1%1.5%0.3%
1Y-15.6%-17.0%-3.7%

Return vs Industry: CGI exceeded the Canadian Capital Markets industry which returned -18% over the past year.

Return vs Market: CGI underperformed the Canadian Market which returned -2.9% over the past year.

Price Volatility

Is CGI's price volatile compared to industry and market?
CGI volatility
CGI Average Weekly Movement4.5%
Capital Markets Industry Average Movement6.7%
Market Average Movement10.0%
10% most volatile stocks in CA Market17.2%
10% least volatile stocks in CA Market4.4%

Stable Share Price: CGI is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CGI's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1930n/aJonathan Morganhttps://www.mmainvestments.com/cgi.cfm

Canadian General Investments, Limited is a close ended equity mutual fund launched and managed by Morgan Meighen & Associates Limited. It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating across diversified sectors.

Canadian General Investments Fundamentals Summary

How do Canadian General Investments's earnings and revenue compare to its market cap?
CGI fundamental statistics
Market CapCA$680.49m
Earnings (TTM)CA$254.79m
Revenue (TTM)CA$284.43m

2.7x

P/E Ratio

2.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CGI income statement (TTM)
RevenueCA$284.43m
Cost of RevenueCA$0
Gross ProfitCA$284.43m
Other ExpensesCA$29.64m
EarningsCA$254.79m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)12.21
Gross Margin100.00%
Net Profit Margin89.58%
Debt/Equity Ratio13.6%

How did CGI perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

7%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is CGI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CGI?

Other financial metrics that can be useful for relative valuation.

CGI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does CGI's PE Ratio compare to its peers?

Insufficient data to calculate this valuation analysis check
CGI PE Ratio vs Peers
The above table shows the PE ratio for CGI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Averagen/a
CGI Canadian General Investments
2.7xn/aCA$680.5m

Price-To-Earnings vs Peers: Insufficient data to calculate CGI's Price-To-Earnings Ratio vs. peers for valuation analysis.


Price to Earnings Ratio vs Industry

How does CGI's PE Ratio compare vs other companies in the CA Capital Markets Industry?

Price-To-Earnings vs Industry: CGI is good value based on its Price-To-Earnings Ratio (2.7x) compared to the Canadian Capital Markets industry average (8.7x)


Price to Earnings Ratio vs Fair Ratio

What is CGI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CGI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio2.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CGI's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of CGI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CGI (CA$32.62) is trading below our estimate of fair value (CA$181.9)

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


Price to Earnings Growth Ratio

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


Discover undervalued companies

Future Growth

How is Canadian General Investments forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


1.4%

Forecasted Diversified Financials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Canadian General Investments has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Canadian General Investments performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


31.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CGI has high quality earnings.

Growing Profit Margin: CGI's current net profit margins (89.6%) are lower than last year (94%).


Past Earnings Growth Analysis

Earnings Trend: CGI's earnings have grown significantly by 31.5% per year over the past 5 years.

Accelerating Growth: CGI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CGI had negative earnings growth (-12%) over the past year, making it difficult to compare to the Capital Markets industry average (0.2%).


Return on Equity

High ROE: CGI's Return on Equity (19.9%) is considered low.

Financial Health

How is Canadian General Investments's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CGI's short term assets (CA$1.5B) exceed its short term liabilities (CA$110.5M).

Long Term Liabilities: CGI's short term assets (CA$1.5B) exceed its long term liabilities (CA$74.7M).


Debt to Equity History and Analysis

Debt Level: CGI has more cash than its total debt.

Reducing Debt: CGI's debt to equity ratio has reduced from 25.4% to 13.6% over the past 5 years.

Debt Coverage: CGI's debt is not well covered by operating cash flow (18.1%).

Interest Coverage: CGI's interest payments on its debt are well covered by EBIT (63.9x coverage).


Balance Sheet

Dividend

What is Canadian General Investments's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.82%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CGI's dividend (2.82%) is higher than the bottom 25% of dividend payers in the Canadian market (2%).

High Dividend: CGI's dividend (2.82%) is low compared to the top 25% of dividend payers in the Canadian market (5.26%).


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (7.2%), CGI's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (60.7%), CGI's dividend payments are covered by cash flows.

Management

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

20.9yrs

Average board tenure


CEO

Jonathan Morgan

17.25yrs

Tenure

CA$215,165

Compensation

Mr. Jonathan A. Morgan serves as Principal, Executive Vice President and Chief Operating Officer at Morgan Meighen and Associates Limited. He serves as the Chief Executive Officer, President, and Director...


Board Members

Experienced Board: CGI's board of directors are seasoned and experienced ( 20.9 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Canadian General Investments, Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Canadian General Investments, Limited
  • Ticker: CGI
  • Exchange: TSX
  • Founded: 1930
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: CA$680.490m
  • Shares outstanding: 20.86m
  • Website: https://www.mmainvestments.com/cgi.cfm

Location

  • Canadian General Investments, Limited
  • 10 Toronto Street
  • Toronto
  • Ontario
  • M5C 2B7
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.