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CI Financial TSX:CIX Stock Report

Last Price

CA$30.92

Market Cap

CA$4.4b

7D

-0.3%

1Y

112.5%

Updated

19 Dec, 2024

Data

Company Financials +

CI Financial Corp.

TSX:CIX Stock Report

Market Cap: CA$4.4b

CIX Stock Overview

A publicly owned asset management holding company. More details

CIX fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance0/6
Financial Health1/6
Dividends2/6

Rewards

Earnings are forecast to grow 21.77% per year

Trading at good value compared to peers and industry

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 2.59% is not well covered by earnings


My Notes

Capture your thoughts, links and company narrative

CI Financial Corp. Competitors

Fairfax India Holdings

TSX:FIH.U

US$2.1b

Sprott

TSX:SII

CA$1.5b

IGM Financial

TSX:IGM

CA$10.8b

Onex

TSX:ONEX

CA$8.2b

Price History & Performance

Summary of share price highs, lows and changes for CI Financial
Historical stock prices
Current Share PriceCA$30.92
52 Week HighCA$31.41
52 Week LowCA$13.87
Beta1.78
1 Month Change28.83%
3 Month Change69.42%
1 Year Change112.51%
3 Year Change14.56%
5 Year Change40.80%
Change since IPO2,437.03%

Recent News & Updates

CI Financial (TSE:CIX) Is Paying Out A Dividend Of CA$0.20

Nov 01
CI Financial (TSE:CIX) Is Paying Out A Dividend Of CA$0.20

CI Financial Corp. (TSE:CIX) Held Back By Insufficient Growth Even After Shares Climb 26%

Oct 31
CI Financial Corp. (TSE:CIX) Held Back By Insufficient Growth Even After Shares Climb 26%

Recent updates

CI Financial (TSE:CIX) Is Paying Out A Dividend Of CA$0.20

Nov 01
CI Financial (TSE:CIX) Is Paying Out A Dividend Of CA$0.20

CI Financial Corp. (TSE:CIX) Held Back By Insufficient Growth Even After Shares Climb 26%

Oct 31
CI Financial Corp. (TSE:CIX) Held Back By Insufficient Growth Even After Shares Climb 26%

CI Financial's (TSE:CIX) Dividend Will Be CA$0.20

Oct 17
CI Financial's (TSE:CIX) Dividend Will Be CA$0.20

There Is A Reason CI Financial Corp.'s (TSE:CIX) Price Is Undemanding

Jul 16
There Is A Reason CI Financial Corp.'s (TSE:CIX) Price Is Undemanding

CI Financial's (TSE:CIX) Shareholders Will Receive A Bigger Dividend Than Last Year

Nov 10
CI Financial's (TSE:CIX) Shareholders Will Receive A Bigger Dividend Than Last Year

CI Financial (TSE:CIX) Will Pay A Larger Dividend Than Last Year At CA$0.20

Sep 30
CI Financial (TSE:CIX) Will Pay A Larger Dividend Than Last Year At CA$0.20

CI Financial (TSE:CIX) Has Affirmed Its Dividend Of CA$0.18

Jul 28
CI Financial (TSE:CIX) Has Affirmed Its Dividend Of CA$0.18

CI Financial's (TSE:CIX) Dividend Will Be CA$0.18

Jul 14
CI Financial's (TSE:CIX) Dividend Will Be CA$0.18

CI Financial (TSE:CIX) Has Affirmed Its Dividend Of CA$0.18

Jun 23
CI Financial (TSE:CIX) Has Affirmed Its Dividend Of CA$0.18

CI Financial (TSE:CIX) Is Paying Out A Dividend Of CA$0.18

May 12
CI Financial (TSE:CIX) Is Paying Out A Dividend Of CA$0.18

CI Financial (TSE:CIX) Is Paying Out A Dividend Of CA$0.18

Apr 01
CI Financial (TSE:CIX) Is Paying Out A Dividend Of CA$0.18

CI Financial (TSE:CIX) Will Pay A Dividend Of CA$0.18

Jan 24
CI Financial (TSE:CIX) Will Pay A Dividend Of CA$0.18

CI Financial (TSE:CIX) Is Due To Pay A Dividend Of CA$0.18

Dec 30
CI Financial (TSE:CIX) Is Due To Pay A Dividend Of CA$0.18

CI Financial's (TSE:CIX) Dividend Will Be CA$0.18

Nov 26
CI Financial's (TSE:CIX) Dividend Will Be CA$0.18

CI Financial Corp. Just Missed EPS By 89%: Here's What Analysts Think Will Happen Next

Nov 13
CI Financial Corp. Just Missed EPS By 89%: Here's What Analysts Think Will Happen Next

CI Financial (TSE:CIX) Is Due To Pay A Dividend Of CA$0.18

Nov 12
CI Financial (TSE:CIX) Is Due To Pay A Dividend Of CA$0.18

Shareholder Returns

CIXCA Capital MarketsCA Market
7D-0.3%-5.2%-4.1%
1Y112.5%53.4%16.7%

Return vs Industry: CIX exceeded the Canadian Capital Markets industry which returned 53.4% over the past year.

Return vs Market: CIX exceeded the Canadian Market which returned 16.7% over the past year.

Price Volatility

Is CIX's price volatile compared to industry and market?
CIX volatility
CIX Average Weekly Movement8.7%
Capital Markets Industry Average Movement5.4%
Market Average Movement8.2%
10% most volatile stocks in CA Market17.8%
10% least volatile stocks in CA Market2.9%

Stable Share Price: CIX has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: CIX's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1965n/aKurt MacAlpinewww.cifinancial.com

CI Financial Corp. is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries.

CI Financial Corp. Fundamentals Summary

How do CI Financial's earnings and revenue compare to its market cap?
CIX fundamental statistics
Market capCA$4.35b
Earnings (TTM)-CA$69.12m
Revenue (TTM)CA$3.59b

1.2x

P/S Ratio

-63.5x

P/E Ratio

Is CIX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CIX income statement (TTM)
RevenueCA$3.59b
Cost of RevenueCA$949.65m
Gross ProfitCA$2.64b
Other ExpensesCA$2.71b
Earnings-CA$69.12m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-0.49
Gross Margin73.53%
Net Profit Margin-1.93%
Debt/Equity Ratio664.4%

How did CIX perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

-175%

Payout Ratio

Does CIX pay a reliable dividends?

See CIX dividend history and benchmarks
When do you need to buy CIX by to receive an upcoming dividend?
CI Financial dividend dates
Ex Dividend DateDec 31 2024
Dividend Pay DateJan 15 2025
Days until Ex dividend11 days
Days until Dividend pay date26 days

Does CIX pay a reliable dividends?

See CIX dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 22:54
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

CI Financial Corp. is covered by 19 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John AikenBarclays
John ReucasselBMO Capital Markets Equity Research
Samira AminiBofA Global Research