Element Fleet Management Corp. operates as a fleet management company in Canada, the United States, Mexico, Australia, and New Zealand. More Details
Adequate balance sheet with acceptable track record.
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 +/- 3% a week.
Volatility Over Time: EFN's weekly volatility (3%) 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 49.7% over the past year.
Return vs Market: EFN exceeded the Canadian Market which returned 39.2% 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
2 weeks ago | Simply Wall StWhy You Might Be Interested In Element Fleet Management Corp. (TSE:EFN) For Its Upcoming Dividend
2 weeks ago | Simply Wall StDid You Participate In Any Of Element Fleet Management's (TSE:EFN) Fantastic 281% Return ?
1 month ago | Simply Wall StWhat To Know Before Buying Element Fleet Management Corp. (TSE:EFN) For Its Dividend
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$14.21) is trading above our estimate of fair value (CA$11.65)
Significantly Below Fair Value: EFN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: EFN is good value based on its PE Ratio (25.3x) compared to the CA Diversified Financial industry average (60.5x).
PE vs Market: EFN is poor value based on its PE Ratio (25.3x) compared to the Canadian market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: EFN is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: EFN is overvalued based on its PB Ratio (1.9x) 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 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EFN's forecast earnings growth (23.7% per year) is above the savings rate (1.5%).
Earnings vs Market: EFN's earnings (23.7% per year) are forecast to grow faster than the Canadian market (21.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: EFN's revenue is expected to decline over the next 3 years (-16.3% per year).
High Growth Revenue: EFN's revenue is forecast to decline over the next 3 years (-16.3% 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 (13.6%).
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$88.9M impacting its December 31 2020 financial results.
Growing Profit Margin: EFN's current net profit margins (17.2%) are higher than last year (3.5%).
Past Earnings Growth Analysis
Earnings Trend: EFN's earnings have declined by 13% per year over the past 5 years.
Accelerating Growth: EFN's earnings growth over the past year (362.3%) exceeds its 5-year average (-13% per year).
Earnings vs Industry: EFN earnings growth over the past year (362.3%) exceeded the Diversified Financial industry 67.6%.
Return on Equity
High ROE: EFN's Return on Equity (7.6%) is considered low.
How is Element Fleet Management's financial position?
Financial Position Analysis
Short Term Liabilities: EFN's short term assets (CA$10.2B) exceed its short term liabilities (CA$1.1B).
Long Term Liabilities: EFN's short term assets (CA$10.2B) exceed its long term liabilities (CA$10.1B).
Debt to Equity History and Analysis
Debt Level: EFN's debt to equity ratio (266.6%) is considered high.
Reducing Debt: EFN's debt to equity ratio has reduced from 327.7% to 266.6% over the past 5 years.
Debt Coverage: EFN's debt is well covered by operating cash flow (27.6%).
Interest Coverage: Insufficient data to determine if EFN's interest payments on its debt are well covered by EBIT.
What is Element Fleet Management current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: EFN's dividend (1.83%) is higher than the bottom 25% of dividend payers in the Canadian market (1.47%).
High Dividend: EFN's dividend (1.83%) is low compared to the top 25% of dividend payers in the Canadian market (4.73%).
Stability and Growth of Payments
Stable Dividend: EFN has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: EFN's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (35.6%), EFN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: EFN's dividends in 3 years are forecast to be well covered by earnings (33% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jay Forbes (59 yo)
Mr. Jay A. Forbes, FCA, FCPA, has been President and Chief Executive Officer of Element Fleet Management Corp., since June 1, 2018 and serves as its Executive Director since May 14, 2018. Mr. Forbes served...
CEO Compensation Analysis
Compensation vs Market: Jay's total compensation ($USD4.60M) is about average for companies of similar size in the Canadian market ($USD3.80M).
Compensation vs Earnings: Jay's compensation has been consistent with company performance over the past year.
Experienced Management: EFN's management team is considered experienced (3.3 years average tenure).
Experienced Board: EFN's board of directors are not considered experienced ( 2.9 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
- Founded: NaN
- Industry: Specialized Finance
- Sector: Diversified Financials
- Market Cap: CA$6.170b
- Shares outstanding: 434.17m
- Website: https://www.elementfleet.com
Number of Employees
- Element Fleet Management Corp.
- 161 Bay Street
- Suite 3600
- M5J 2S1
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, ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/09 22:56|
|End of Day Share Price||2021/04/09 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.