company background image
EFN

Element Fleet ManagementTSX:EFN Stock Report

Market Cap

CA$5.3b

7D

-3.1%

1Y

13.5%

Updated

27 Sep, 2021

Data

Company Financials +
EFN fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance5/6
Financial Health3/6
Dividends2/6

EFN Overview

Element Fleet Management Corp. operates as a fleet management company in Canada, the United States, Mexico, Australia, and New Zealand.

Element Fleet Management Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Element Fleet Management
Historical stock prices
Current Share PriceCA$12.72
52 Week HighCA$10.88
52 Week LowCA$15.28
Beta1.0
1 Month Change-8.29%
3 Month Change-11.42%
1 Year Change13.47%
3 Year Change89.85%
5 Year Change-21.58%
Change since IPO170.64%

Recent News & Updates

Shareholder Returns

EFNCA Diversified FinancialCA Market
7D-3.1%-2.6%1.8%
1Y13.5%33.8%29.7%

Return vs Industry: EFN underperformed the Canadian Diversified Financial industry which returned 33.8% over the past year.

Return vs Market: EFN underperformed the Canadian Market which returned 29.7% over the past year.

Price Volatility

Is EFN's price volatile compared to industry and market?
EFN volatility
EFN Beta1
Industry Beta1.15
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
n/a2,500Jay Forbeshttps://www.elementfleet.com

Element Fleet Management Corp. operates as a fleet management company in Canada, the United States, Mexico, Australia, and New Zealand. The company offers fleet management services comprising acquisition, financing, program management, and vehicle remarketing services for cars and light duty vehicles, medium and heavy duty trucks, material handling equipment, automobiles, and specialty vehicles and equipment, as well as corporate, municipal, and industrial fleets. It serves agriculture, business services, chemical, construction, consumer products, education and non-profit, energy, food and beverage, insurance, manufacturing, pharmaceutical and healthcare, professional services, telecommunications, transportation, and utility industries.

Element Fleet Management Fundamentals Summary

How do Element Fleet Management's earnings and revenue compare to its market cap?
EFN fundamental statistics
Market CapCA$5.30b
Earnings (TTM)CA$290.33m
Revenue (TTM)CA$1.45b

18.2x

P/E Ratio

3.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EFN income statement (TTM)
RevenueCA$1.45b
Cost of RevenueCA$42.99m
Gross ProfitCA$1.41b
ExpensesCA$1.12b
EarningsCA$290.33m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.70
Gross Margin97.03%
Net Profit Margin20.03%
Debt/Equity Ratio246.0%

How did EFN perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

36%

Payout Ratio

Does EFN pay a reliable dividends?

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

Does EFN pay a reliable dividends?

See EFN dividend history and benchmarks

Valuation

Is Element Fleet Management undervalued compared to its fair value and its price relative to the market?

18.25x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: EFN (CA$12.72) is trading above our estimate of fair value (CA$11.56)

Significantly Below Fair Value: EFN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: EFN is poor value based on its PE Ratio (18.2x) compared to the Canadian Diversified Financial industry average (14.2x).

PE vs Market: EFN is poor value based on its PE Ratio (18.2x) compared to the Canadian market (12.6x).


Price to Earnings Growth Ratio

PEG Ratio: EFN is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: EFN's PB Ratio (1.7x) is in line with the CA Diversified Financial industry average.


Future Growth

How is Element Fleet Management forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

15.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EFN's forecast earnings growth (15.5% per year) is above the savings rate (1.5%).

Earnings vs Market: EFN's earnings (15.5% per year) are forecast to grow faster than the Canadian market (12% per year).

High Growth Earnings: EFN's earnings are forecast to grow, but not significantly.

Revenue vs Market: EFN's revenue is expected to decline over the next 3 years (-6.2% per year).

High Growth Revenue: EFN's revenue is forecast to decline over the next 3 years (-6.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

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


Past Performance

How has Element Fleet Management performed over the past 5 years?

2.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EFN has high quality earnings.

Growing Profit Margin: EFN's current net profit margins (20%) are higher than last year (3.2%).


Past Earnings Growth Analysis

Earnings Trend: EFN's earnings have grown by 2.8% per year over the past 5 years.

Accelerating Growth: EFN's earnings growth over the past year (515%) exceeds its 5-year average (2.8% per year).

Earnings vs Industry: EFN earnings growth over the past year (515%) exceeded the Diversified Financial industry 77.4%.


Return on Equity

High ROE: EFN's Return on Equity (9.2%) is considered low.


Financial Health

How is Element Fleet Management's financial position?


Financial Position Analysis

Short Term Liabilities: EFN's short term assets (CA$8.8B) exceed its short term liabilities (CA$1.1B).

Long Term Liabilities: EFN's short term assets (CA$8.8B) do not cover its long term liabilities (CA$8.9B).


Debt to Equity History and Analysis

Debt Level: EFN's debt to equity ratio (246%) is considered high.

Reducing Debt: EFN's debt to equity ratio has reduced from 329.7% to 246% over the past 5 years.

Debt Coverage: EFN's debt is well covered by operating cash flow (35.1%).

Interest Coverage: Insufficient data to determine if EFN's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Element Fleet Management current dividend yield, its reliability and sustainability?

2.04%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EFN's dividend (2.04%) is higher than the bottom 25% of dividend payers in the Canadian market (1.66%).

High Dividend: EFN's dividend (2.04%) is low compared to the top 25% of dividend payers in the Canadian market (4.54%).


Stability and Growth of Payments

Stable Dividend: EFN has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: EFN's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (36.1%), EFN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

3.7yrs

Average management tenure


CEO

Jay Forbes (60 yo)

3.25yrs

Tenure

CA$5,680,000

Compensation

Mr. Jay A. Forbes, FCA, FCPA, has been President and Chief Executive Officer of Element Fleet Management Corp., since June 1, 2018 and serves as its Executive Director since May 14, 2018. Mr. Forbes served...


CEO Compensation Analysis

Compensation vs Market: Jay's total compensation ($USD4.49M) is above average for companies of similar size in the Canadian market ($USD3.01M).

Compensation vs Earnings: Jay's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: EFN's management team is considered experienced (3.7 years average tenure).


Board Members

Experienced Board: EFN's board of directors are considered experienced (3.3 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

Element Fleet Management Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Element Fleet Management Corp.
  • Ticker: EFN
  • Exchange: TSX
  • Founded: NaN
  • Industry: Specialized Finance
  • Sector: Diversified Financials
  • Market Cap: CA$5.297b
  • Shares outstanding: 416.43m
  • Website: https://www.elementfleet.com

Number of Employees


Location

  • Element Fleet Management Corp.
  • 161 Bay Street
  • Suite 3600
  • Toronto
  • Ontario
  • M5J 2S1
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 23:05
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.