CIX Stock Overview

A publicly owned asset management holding company. More details

CIX fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	0/6
Financial Health	1/6
Dividends	2/6

Rewards

Earnings are forecast to grow 33.01% per year

Trading at good value compared to peers and industry

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 2.55% is not well covered by earnings

Community vs My Fair Value

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CI Financial Corp. Competitors

Fairfax India Holdings

TSX:FIH.U

US$2.2b

Sprott

TSX:SII

CA$1.9b

Onex

TSX:ONEX

CA$6.9b

IGM Financial

TSX:IGM

CA$10.4b

Price History & Performance

Summary of share price highs, lows and changes for CI Financial
Historical stock prices
Current Share Price	CA$31.41
52 Week High	CA$31.48
52 Week Low	CA$13.87
Beta	1.79
1 Month Change	1.65%
3 Month Change	0.87%
1 Year Change	87.52%
3 Year Change	111.94%
5 Year Change	121.20%
Change since IPO	2,477.23%

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

Nov 01

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

Oct 31

Recent updates

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

Nov 01

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

Oct 31

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

Oct 17

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

Jul 16

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

Shareholder Returns

	CIX	CA Capital Markets	CA Market
7D	0.5%	1.5%	0.8%
1Y	87.5%	31.7%	10.2%

Return vs Industry: CIX exceeded the Canadian Capital Markets industry which returned 32.2% over the past year.

Return vs Market: CIX exceeded the Canadian Market which returned 9.9% over the past year.

Price Volatility

Is CIX's price volatile compared to industry and market?
CIX volatility
CIX Average Weekly Movement	0.5%
Capital Markets Industry Average Movement	6.3%
Market Average Movement	9.6%
10% most volatile stocks in CA Market	18.3%
10% least volatile stocks in CA Market	4.1%

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 (1%) 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$4.50b
Earnings (TTM)	-CA$411.05m
Revenue (TTM)	CA$3.76b

1.2x

P/S Ratio

-11.0x

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)
Revenue	CA$3.76b
Cost of Revenue	CA$979.07m
Gross Profit	CA$2.78b
Other Expenses	CA$3.19b
Earnings	-CA$411.05m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-2.87
Gross Margin	73.93%
Net Profit Margin	-10.95%
Debt/Equity Ratio	1,485.5%

How did CIX perform over the long term?

See historical performance and comparison

Dividends

2.5%

Current Dividend Yield

-29%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/06 15:05
End of Day Share Price	2025/05/06 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

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 Github.

Analyst Sources

CI Financial Corp. is covered by 18 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
John Aiken	Barclays
John Reucassel	BMO Capital Markets Equity Research
Samira Amini	BofA Global Research

CIX Stock Overview

Rewards

Risk Analysis

CI Financial Corp. Competitors

TSX:FIH.U

US$2.2b

TSX:SII

CA$1.9b

TSX:ONEX

CA$6.9b

TSX:IGM

CA$10.4b

Price History & Performance

Recent News & Updates

CI Financial to Delist from Toronto Stock Exchange Following Closing of the Transaction

Price target increased by 10% to CA$25.13

Third quarter 2024 earnings released: CA$0.19 loss per share (vs CA$0.077 loss in 3Q 2023)

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

CI Financial Corp. to Report Q3, 2024 Results on Nov 14, 2024

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

Recent updates

CI Financial to Delist from Toronto Stock Exchange Following Closing of the Transaction

Price target increased by 10% to CA$25.13

Third quarter 2024 earnings released: CA$0.19 loss per share (vs CA$0.077 loss in 3Q 2023)

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

CI Financial Corp. to Report Q3, 2024 Results on Nov 14, 2024

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

Price target increased by 7.1% to CA$20.63

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

Dividend of CA$0.20 announced

Now 20% overvalued after recent price rise

Dividend of CA$0.20 announced

Upcoming dividend of CA$0.20 per share

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

CI Financial Corp. to Report Q2, 2024 Results on Aug 08, 2024

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

Dividend of CA$0.20 announced

Insider exercised options to buy CA$315k worth of stock.

Executive VP & CFO exercised options to buy CA$299k worth of stock.

CI Financial Corp. (TSX:CIX) announces an Equity Buyback for 5,000,000 shares, representing 3.3% for CAD 77.5 million.

First quarter 2024 earnings released: CA$1.00 loss per share (vs CA$0.16 profit in 1Q 2023)

CI Financial Corp. Announces Quarterly Dividend, Payable on October 15, 2024

CI Financial Corp. to Report Q1, 2024 Results on May 10, 2024

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.

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).