CI Financial (TSX:CIX) - Stock Price, News & Analysis

CIX Stock Overview

CI Financial Corp. is a publicly owned asset management holding company.

CIX fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	4/6
Past Performance	0/6
Financial Health	1/6
Dividends	2/6

Rewards

Trading at 48.7% below our estimate of its fair value

Earnings are forecast to grow 38.62% per year

Trading at good value compared to peers and industry

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 4.92% is not well covered by earnings

Large one-off items impacting financial results

Profit margins (0.2%) are lower than last year (10.3%)

CI Financial Corp. Competitors

Fairfax India Holdings

TSX:FIH.U

US$2.0b

Sprott

TSX:SII

CA$1.4b

Guardian Capital Group

TSX:GCG.A

CA$1.1b

Alaris Equity Partners Income Trust

TSX:AD.UN

CA$712.0m

Price History & Performance

Summary of all time highs, changes and price drops for CI Financial
Historical stock prices
Current Share Price	CA$16.26
52 Week High	CA$18.69
52 Week Low	CA$12.01
Beta	1.63
1 Month Change	-5.47%
3 Month Change	3.17%
1 Year Change	20.98%
3 Year Change	-15.93%
5 Year Change	-15.40%
Change since IPO	1,234.15%

Recent updates

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

Nov 10

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

Nov 13

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

Oct 13

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

Sep 16

The CI Financial Corp. (TSE:CIX) Analysts Have Been Trimming Their Sales Forecasts

Aug 17

CI Financial (TSE:CIX) Has Announced A Dividend Of CA$0.18

Aug 13

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

Jul 15

CI Financial (TSE:CIX) Has Announced A Dividend Of CA$0.18

Jul 01

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

Jun 17

Shareholder Returns

	CIX	CA Capital Markets	CA Market
7D	-3.5%	-2.5%	-1.9%
1Y	21.0%	18.7%	3.7%

Return vs Industry: CIX exceeded the Canadian Capital Markets industry which returned 19.5% over the past year.

Return vs Market: CIX exceeded the Canadian Market which returned 3.6% over the past year.

Price Volatility

Is CIX's price volatile compared to industry and market?
CIX volatility
CIX Average Weekly Movement	2.7%
Capital Markets Industry Average Movement	4.8%
Market Average Movement	9.1%
10% most volatile stocks in CA Market	18.3%
10% least volatile stocks in CA Market	3.1%

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

Volatility Over Time: CIX's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1965	n/a	Kurt MacAlpine	www.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 cap	CA$2.40b
Earnings (TTM)	CA$5.02m
Revenue (TTM)	CA$3.17b

477.6x

P/E Ratio

0.8x

P/S 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)
Revenue	CA$3.17b
Cost of Revenue	CA$896.83m
Gross Profit	CA$2.28b
Other Expenses	CA$2.27b
Earnings	CA$5.02m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

May 10, 2024

Earnings per share (EPS)	0.034
Gross Margin	71.73%
Net Profit Margin	0.16%
Debt/Equity Ratio	139.1%

How did CIX perform over the long term?

See historical performance and comparison

Dividends

4.9%

Current Dividend Yield

2,517%

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 Date	Jun 28 2024
Dividend Pay Date	Jul 15 2024
Days until Ex dividend	70 days
Days until Dividend pay date	87 days

Does CIX pay a reliable dividends?

See CIX dividend history and benchmarks

CIX Stock Overview

Rewards

Risk Analysis

CI Financial Corp. Competitors

TSX:FIH.U

US$2.0b

TSX:SII

CA$1.4b

TSX:GCG.A

CA$1.1b

TSX:AD.UN

CA$712.0m

Price History & Performance

Recent News & Updates

CI Financial Corp., Annual General Meeting, Jun 26, 2024

Chairman of the Board recently bought CA$271k worth of stock

Chairman of the Board recently bought CA$271k worth of stock

Dividend of CA$0.20 announced

Upcoming dividend of CA$0.20 per share

Chairman of the Board recently bought CA$677k worth of stock

Recent updates

CI Financial Corp., Annual General Meeting, Jun 26, 2024

Chairman of the Board recently bought CA$271k worth of stock

Chairman of the Board recently bought CA$271k worth of stock

Dividend of CA$0.20 announced

Upcoming dividend of CA$0.20 per share

Chairman of the Board recently bought CA$677k worth of stock

Chairman of the Board recently bought CA$835k worth of stock

Full year 2023 earnings: EPS and revenues miss analyst expectations

CI Financial Corp. Declares Quarterly Dividend, Payable on July 15, 2024

Price target increased by 7.0% to CA$18.50

CI Financial Corp. to Report Q4, 2023 Results on Feb 23, 2024

Chairman of the Board recently bought CA$2.6m worth of stock

Chairman of the Board recently bought CA$377k worth of stock

CEO & Director recently sold CA$1.2m worth of stock

CEO & Director exercised options to buy CA$3.3m worth of stock.

Chairman of the Board recently bought CA$730k worth of stock

CI Financial Corp. Announces Executive Changes

Upcoming dividend of CA$0.20 per share at 5.4% yield

Chairman of the Board recently bought CA$352k worth of stock

CI Financial Corp. (TSX:CIX) announces an Equity Buyback for CAD 100 million worth of its shares.

CI Financial Corp. (TSX:CIX) announces an Equity Buyback for CAD 100 million worth of its shares.

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

CI Financial Corp. Declares Quarterly Dividend, Payable on April 15, 2024

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

Price target decreased by 7.3% to CA$17.36

Price target increased by 9.2% to CA$20.43

Consensus EPS estimates fall by 11%

Chairman of the Board recently bought CA$759k worth of stock

CI Financial Corp. to Report Q3, 2023 Results on Nov 09, 2023

Chairman of the Board recently bought CA$388k worth of stock

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

Chairman of the Board recently bought CA$861k worth of stock

Chairman of the Board recently bought CA$435k worth of stock

CI Financial Corp. (TSX:CIX) signed an agreement to acquire Coriel Capital Inc.

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

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

CI Financial Corp. to Report Q2, 2023 Results on Aug 10, 2023

Audax Management Company, LLC and the management of Congress Wealth Management completed the acquisition of unknown minority stake in Congress Wealth Management, LLC from CI Financial Corp. (TSX:CIX).

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

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

Insider exercised options to buy CA$311k worth of stock.

Upcoming dividend of CA$0.18 per share at 4.9% yield

Executive VP & CFO exercised options to buy CA$256k worth of stock.

Chairman of the Board recently bought CA$328k worth of stock

Consensus EPS estimates fall by 20%, revenue upgraded

Chairman of the Board recently bought CA$1.3m worth of stock

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

Ci Financial Corp. Declares Quarterly Dividend, Payable on October 13, 2023

First quarter 2023 earnings: EPS misses analyst expectations

Consensus EPS estimates increase by 15%

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

Upcoming dividend of CA$0.18 per share at 5.6% yield

Consensus revenue estimates increase by 11%

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

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

CI Financial Corp. to Report Q4, 2022 Results on Feb 24, 2023

Chairman of the Board recently bought CA$849k worth of stock

CI Financial Confirms Intent to Voluntarily Delist from the NYSE and Deregister with the U.S. Securities and Exchange Commission

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