Element Fleet Management Corp. operates as a fleet management company in Canada, the United States, Mexico, Australia, and New Zealand. More Details
Moderate growth potential with mediocre balance sheet.
Share Price & News
How has Element Fleet Management's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EFN is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: EFN's weekly volatility (5%) has been stable over the past year.
7 Day Return
CA Diversified Financial
1 Year Return
CA Diversified Financial
Return vs Industry: EFN underperformed the Canadian Diversified Financial industry which returned 6.4% over the past year.
Return vs Market: EFN underperformed the Canadian Market which returned 1.7% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Element Fleet Management's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StDo These 3 Checks Before Buying Element Fleet Management Corp. (TSE:EFN) For Its Upcoming Dividend
1 month ago | Simply Wall StHow Is Element Fleet Management's (TSE:EFN) CEO Paid Relative To Peers?
1 month ago | Simply Wall StThe Element Fleet Management (TSE:EFN) Share Price Has Gained 34% And Shareholders Are Hoping For More
Is Element Fleet Management undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: EFN (CA$12.5) is trading above our estimate of fair value (CA$10.83)
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 (113.8x) compared to the XN Diversified Financial industry average (12x).
PE vs Market: EFN is poor value based on its PE Ratio (113.8x) compared to the Canadian market (16.6x).
Price to Earnings Growth Ratio
PEG Ratio: EFN is poor value based on its PEG Ratio (2.6x)
Price to Book Ratio
PB vs Industry: EFN is overvalued based on its PB Ratio (1.7x) compared to the CA Diversified Financial industry average (1.3x).
How is Element Fleet Management forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EFN's forecast earnings growth (44.4% per year) is above the savings rate (1.5%).
Earnings vs Market: EFN's earnings (44.4% per year) are forecast to grow faster than the Canadian market (25.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: EFN's revenue (1.1% per year) is forecast to grow slower than the Canadian market (7.9% per year).
High Growth Revenue: EFN's revenue (1.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EFN's Return on Equity is forecast to be low in 3 years time (12.8%).
How has Element Fleet Management performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EFN has a large one-off loss of CA$345.5M impacting its September 30 2020 financial results.
Growing Profit Margin: EFN's current net profit margins (3.3%) are lower than last year (14.4%).
Past Earnings Growth Analysis
Earnings Trend: EFN's earnings have declined by 21.6% per year over the past 5 years.
Accelerating Growth: EFN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: EFN had negative earnings growth (-77.1%) over the past year, making it difficult to compare to the Diversified Financial industry average (-5.1%).
Return on Equity
High ROE: EFN's Return on Equity (2.5%) is considered low.
How is Element Fleet Management's financial position?
Financial Position Analysis
Short Term Liabilities: EFN's short term assets (CA$11.0B) exceed its short term liabilities (CA$911.3M).
Long Term Liabilities: EFN's short term assets (CA$11.0B) do not cover its long term liabilities (CA$11.1B).
Debt to Equity History and Analysis
Debt Level: EFN's debt to equity ratio (293.9%) is considered high.
Reducing Debt: EFN's debt to equity ratio has reduced from 325% to 293.9% over the past 5 years.
Debt Coverage: EFN's debt is well covered by operating cash flow (22.8%).
Interest Coverage: Insufficient data to determine if EFN's interest payments on its debt are well covered by EBIT.
What is Element Fleet Management current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: EFN's dividend (2.08%) is higher than the bottom 25% of dividend payers in the Canadian market (1.54%).
High Dividend: EFN's dividend (2.08%) is low compared to the top 25% of dividend payers in the Canadian market (4.99%).
Stability and Growth of Payments
Stable Dividend: EFN has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: EFN's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (163.9%), EFN's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: EFN's dividends in 3 years are forecast to be well covered by earnings (33.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jay Forbes (59 yo)
Mr. Jay A. Forbes, FCA, FCPA has been Chief Executive Officer of Element Fleet Management Corp., since June 1, 2018 and serves as its President. Mr. Forbes served as Chief Executive Officer of Bell MTS Inc...
CEO Compensation Analysis
Compensation vs Market: Jay's total compensation ($USD4.55M) is above average for companies of similar size in the Canadian market ($USD2.98M).
Compensation vs Earnings: Jay's compensation has been consistent with company performance over the past year.
|CEO, President & Executive Director||2.58yrs||CA$5.79m||0.091% |
|Executive VP & CFO||2.5yrs||CA$2.51m||0.028% |
|Executive VP & COO||2.17yrs||CA$3.40m||0.019% |
|Executive VP & CTO||2yrs||CA$1.85m||0.0068% |
|Vice President of Investor Relations||no data||no data||no data|
|Executive VP||no data||no data||0.0011% |
|Executive VP & Chief People Officer||3yrs||no data||0.0018% |
|Managing Director||6.58yrs||no data||no data|
|Executive Managing Director of Rail & Aviation Finance||6.58yrs||no data||no data|
|Executive VP & Chief Commercial Officer||3yrs||no data||0.0022% |
|Executive VP of Custom Fleet Australia & New Zealand||3yrs||no data||0.0012% |
|Executive Vice President of Strategic Partnerships||3yrs||no data||0.0015% |
Experienced Management: EFN's management team is considered experienced (3 years average tenure).
|CEO, President & Executive Director||2.58yrs||CA$5.79m||0.091% |
|Independent Director||6.58yrs||CA$222.48k||0.0069% |
|Independent Director||2.58yrs||CA$211.12k||0.0034% |
|Independent Director||1.67yrs||CA$139.68k||0.0023% |
|Independent Director||4.25yrs||CA$222.48k||0.023% |
|Independent Chairman of the Board||2yrs||CA$402.85k||0.0069% |
|Independent Director||2.58yrs||CA$211.12k||0.011% |
|Independent Director||2.67yrs||CA$211.12k||0.023% |
|Independent Director||2.67yrs||CA$215.43k||0.0052% |
|Director||0.25yr||no data||no data|
Experienced Board: EFN's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Element Fleet Management Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Element Fleet Management Corp.
- Ticker: EFN
- Exchange: TSX
- Industry: Specialized Finance
- Sector: Diversified Financials
- Market Cap: CA$5.504b
- Shares outstanding: 440.33m
- Website: https://www.elementfleet.com
Number of Employees
- Element Fleet Management Corp.
- 161 Bay Street
- Suite 3600
- M5J 2S1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|EFN||TSX (The Toronto Stock Exchange)||Yes||Common Stock||CA||CAD||Dec 2011|
|ELEE.F||OTCPK (Pink Sheets LLC)||Yes||Common Stock||US||USD||Dec 2011|
|61F||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Dec 2011|
|EFN.PRA||TSX (The Toronto Stock Exchange)||ELEMENT FL||CA||CAD||Dec 2013|
|EFN.PRC||TSX (The Toronto Stock Exchange)||6.5% 5 YR PFD C||CA||CAD||Mar 2014|
|EFN.PRI||TSX (The Toronto Stock Exchange)||CUM PFD SHS I||CA||CAD||May 2017|
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, including acquisition, ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/16 23:20|
|End of Day Share Price||2021/01/15 00:00|
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.