Loading...

Partners Value Investments

TSXV:PVF.UN
Snowflake Description

Adequate balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PVF.UN
TSXV
CA$3B
Market Cap
  1. Home
  2. CA
  3. Diversified Financials
Company description

Partners Value Investments LP operates as an investment holding company that engages in the securities and financing transactions in Toronto, Canada. The last earnings update was 19 days ago. More info.


Add to Portfolio Compare Print
  • Partners Value Investments is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
PVF.UN Share Price and Events
7 Day Returns
4.5%
TSXV:PVF.UN
1.4%
CA Capital Markets
1.2%
CA Market
1 Year Returns
23.2%
TSXV:PVF.UN
-4.3%
CA Capital Markets
4.1%
CA Market
PVF.UN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Partners Value Investments (PVF.UN) 4.5% 4.7% 15.3% 23.2% - -
CA Capital Markets 1.4% 4.4% 10% -4.3% 13.2% -15.9%
CA Market 1.2% 2.4% 7.9% 4.1% 15.3% 7.4%
1 Year Return vs Industry and Market
  • PVF.UN outperformed the Capital Markets industry which returned -4.3% over the past year.
  • PVF.UN outperformed the Market in Canada which returned 4.1% over the past year.
Price Volatility
PVF.UN
Industry
5yr Volatility vs Market

Value

 Is Partners Value Investments undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Partners Value Investments to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Partners Value Investments.

TSXV:PVF.UN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $34.00 * 2.7%
$0.91
Book Value of Equity per Share Median Book Value from the past 5 years. $34.00
Discount Rate (Cost of Equity) See below 9.1%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSXV:PVF.UN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 1.1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.101 (1 + (1- 26.5%) (24.78%))
1.202
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.202 * 5.96%)
9.11%

Discounted Cash Flow Calculation for TSXV:PVF.UN using Excess Returns Model Model

The calculations below outline how an intrinsic value for Partners Value Investments is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

TSXV:PVF.UN Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (2.7% – 9.11%) * $34.00)
$-2.19
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-2.19 / (9.11% - 1.95%)
$-30.60
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $34.00 + $-30.60
$3.41
TSXV:PVF.UN Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSXV:PVF.UN)
1.339
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $3.41 x 1.339
CA$4.56
Value per share (CAD) From above. CA$4.56
Current discount Discount to share price of CA$44.95
= -1 x (CA$44.95 - CA$4.56) / CA$4.56
-884.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Partners Value Investments is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Partners Value Investments's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Partners Value Investments's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:PVF.UN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $1.40
TSXV:PVF.UN Share Price ** TSXV (2019-04-18) in CAD CA$44.95
TSXV:PVF.UN Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.747 $33.57
Canada Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 13.15x
Canada Market PE Ratio Median Figure of 556 Publicly-Listed Companies 15.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Partners Value Investments.

TSXV:PVF.UN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:PVF.UN Share Price ÷ EPS (both in USD)

= 33.57 ÷ 1.40

24.01x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Partners Value Investments is overvalued based on earnings compared to the CA Capital Markets industry average.
  • Partners Value Investments is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does Partners Value Investments's expected growth come at a high price?
Raw Data
TSXV:PVF.UN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 24.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Capital Markets Industry PEG Ratio Median Figure of 36 Publicly-Listed Capital Markets Companies 2.65x
Canada Market PEG Ratio Median Figure of 257 Publicly-Listed Companies 1.21x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Partners Value Investments, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Partners Value Investments's assets?
Raw Data
TSXV:PVF.UN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $34.00
TSXV:PVF.UN Share Price * TSXV (2019-04-18) in CAD CA$44.95
TSXV:PVF.UN Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.747 $33.57
Canada Capital Markets Industry PB Ratio Median Figure of 118 Publicly-Listed Capital Markets Companies 1.44x
Canada Market PB Ratio Median Figure of 2,375 Publicly-Listed Companies 1.52x
TSXV:PVF.UN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:PVF.UN Share Price ÷ Book Value per Share (both in USD)

= 33.57 ÷ 34.00

0.99x

* Primary Listing of Partners Value Investments.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Partners Value Investments is good value based on assets compared to the CA Capital Markets industry average.
X
Value checks
We assess Partners Value Investments's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Partners Value Investments has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Partners Value Investments expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Partners Value Investments has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.8%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Partners Value Investments expected to grow at an attractive rate?
  • Unable to compare Partners Value Investments's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Partners Value Investments's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Partners Value Investments's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:PVF.UN Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.8%
Canada Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average -2.7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18.2%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:PVF.UN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:PVF.UN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 80 4 103
2018-09-30 79 19 94
2018-06-30 82 -8 100
2018-03-31 90 -2 57
2017-12-31 90 45 58
2017-09-30 87 16 25
2017-06-30 82 40 42
2017-03-31 71 38 65
2016-12-31 67 21 73
2016-09-30 67 38 69
2016-06-30 64 16 23
2016-03-31 59 22 -6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Partners Value Investments is high growth as no earnings estimate data is available.
  • Unable to determine if Partners Value Investments is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:PVF.UN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Partners Value Investments Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:PVF.UN Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 1.40
2018-09-30 1.28
2018-06-30 1.16
2018-03-31 0.82
2017-12-31 0.91
2017-09-30 0.29
2017-06-30 0.55
2017-03-31 0.71
2016-12-31 0.82
2016-09-30 0.93
2016-06-30 0.31
2016-03-31 -0.08

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Partners Value Investments will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Check out Partners Value Investments's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  2. Partners Value Investments's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Partners Value Investments's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Partners Value Investments's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Partners Value Investments has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Partners Value Investments performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Partners Value Investments's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Partners Value Investments has delivered over 20% year on year earnings growth in the past 5 years.
  • Partners Value Investments's 1-year earnings growth exceeds its 5-year average (77.9% vs 30.2%)
  • Partners Value Investments's earnings growth has exceeded the CA Capital Markets industry average in the past year (77.9% vs 40.3%).
Earnings and Revenue History
Partners Value Investments's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Partners Value Investments Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:PVF.UN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 80.10 102.80
2018-09-30 79.02 94.10
2018-06-30 81.72 99.87
2018-03-31 89.71 57.40
2017-12-31 89.81 57.79
2017-09-30 86.83 25.30
2017-06-30 81.80 41.93
2017-03-31 70.77 65.00
2016-12-31 67.17 72.51
2016-09-30 67.02 68.69
2016-06-30 63.81 22.97
2016-03-31 59.24 -5.77
2015-12-31 55.14 -17.36
2015-09-30 48.35 -21.19
2015-06-30 47.72 6.23
2015-03-31 43.48 18.98
2014-12-31 47.93 22.97
2014-09-30 53.94 44.40
2014-06-30 53.54 48.34
2014-03-31 48.92 34.89
2013-12-31 46.81 30.64
2013-09-30 39.23 21.54
2013-06-30 37.22 22.62
2013-03-31 37.64 21.97
2012-12-31 34.98 19.18
2012-09-30 34.63 17.57
2012-06-30 32.58 9.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Partners Value Investments has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Partners Value Investments used its assets less efficiently than the CA Capital Markets industry average last year based on Return on Assets.
  • Partners Value Investments has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Partners Value Investments's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Partners Value Investments has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Partners Value Investments's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Partners Value Investments's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Partners Value Investments is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Partners Value Investments's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Partners Value Investments's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 6.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Partners Value Investments Company Filings, last reported 3 months ago.

TSXV:PVF.UN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,998.93 611.24 4,006.75
2018-09-30 3,492.71 523.57 4,502.45
2018-06-30 3,181.22 552.00 4,174.63
2018-03-31 3,040.97 561.50 672.18
2017-12-31 3,388.48 626.47 4,517.70
2017-09-30 3,210.57 679.85 618.26
2017-06-30 2,989.73 541.47 500.59
2017-03-31 2,770.30 526.47 496.84
2016-12-31 2,482.30 607.83 387.43
2016-09-30 2,641.95 627.69 391.83
2016-06-30 2,434.89 665.24 407.96
2016-03-31 2,515.18 624.95 332.46
2015-12-31 2,260.26 653.16 371.55
2015-09-30 2,228.25 557.55 264.29
2015-06-30 2,522.45 535.93 247.86
2015-03-31 2,583.66 480.35 227.96
2014-12-31 2,382.47 524.82 219.64
2014-09-30 2,125.17 543.26 87.15
2014-06-30 2,073.87 504.54 17.82
2014-03-31 1,889.35 487.43 11.69
2013-12-31 1,771.11 505.98 106.28
2013-09-30 1,682.91 526.31 4.25
2013-06-30 1,608.81 519.88 5.61
2013-03-31 1,569.30 527.90 39.47
2012-12-31 1,539.75 489.73 25.97
2012-09-30 1,441.18 495.20 40.43
2012-06-30 1,373.45 477.87 35.33
  • Partners Value Investments's level of debt (20.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (28.5% vs 20.4% today).
  • Debt is not well covered by operating cash flow (0.7%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Partners Value Investments's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Partners Value Investments has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Partners Value Investments's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Partners Value Investments dividends.
If you bought CA$2,000 of Partners Value Investments shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Partners Value Investments's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Partners Value Investments's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:PVF.UN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 4.8%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.4%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Partners Value Investments has not reported any payouts.
  • Unable to verify if Partners Value Investments's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Partners Value Investments's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Partners Value Investments has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Partners Value Investments's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Partners Value Investments afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Partners Value Investments has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Partners Value Investments's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Brian Lawson
COMPENSATION $0
AGE 59
TENURE AS CEO 1.1 years
CEO Bio

Mr. Brian D. Lawson, C.A. is Chief Executive Officer of Partners Value Investments LP since March 20, 2018 and serves as its President and Director. Mr. Lawson serves as the Chief Financial Officer at Brascade Corporation. Mr. Lawson has been Chairman of TerraForm Power, Inc. since October 16, 2017. Mr. Lawson has been the Chief Financial Officer at Brookfield Asset Management Inc since 2002 and serves as its Managing Partner. He was was Senior Managing Partner of Brookfield Asset Management Inc since 2002 where he also served as an Executive Vice President and serves as Director since June 15, 2018. Previously, he served as President at Brascan Corporation until March 26, 2009 and also served as its Executive Vice President. Before that, Mr. Lawson served as the President at Partners Value Investments LP until March 26, 2009 and also serves as its Director since 1991 and CEO since March, 2018. Prior to that, he served as the Chief Executive Officer and President at Wilmington Capital Management Inc., and also it’s Director from 2001 to June 25, 2008. Prior to that, Mr. Lawson served as the President at BAM Investments Corp. Before that, he served as Director and Chief Financial Officer at Brookfield Investments Corporation. Prior to that, Mr. Lawson served as Managing Partner of Corporate Finance at Brascan Financial Corp. He has been a Director of West Street Capital Corp. since 1991 and served as its President and Secretary. Mr. Lawson also serves as a Director of Brookfield Realty Capital Corp. He has been Director of Partners Value Split Corp. since 2001 and also served as its Chairman. Previously, Mr. Lawson also served as a Director of Northgate Minerals Corp. Before that, he served as a Director of Brookfield Renewable Power, Inc. since 2005; and BC Pacific Capital Corp., since November 24, 1997. Mr. Lawson was named Canada's CFO of the Year in 2013 by PwC, FEI Canada and Robert Half International. He qualified as a Chartered Accountant. Mr. Lawson earned a B.A. from the University of Toronto.

CEO Compensation
  • Insufficient data for Brian to compare compensation growth.
  • Brian's remuneration is lower than average for companies of similar size in Canada.
Management Team

Brian Lawson

TITLE
CEO, President & Director
AGE
59
TENURE
1.1 yrs

Adil Mawani

TITLE
Director of Finance

Lory Corso

TITLE
Corporate Secretary
TENURE
15.9 yrs
Board of Directors

Frank Neville Lochan

TITLE
Director & Chairman

Brian Lawson

TITLE
CEO, President & Director
AGE
59

Ralph Zarboni

TITLE
Corporate Director
TENURE
20.3 yrs

John Barratt

TITLE
Director
AGE
73

Ed Kress

TITLE
Director
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Partners Value Investments's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Partners Value Investments has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Partners Value Investments LP (CVE:PVF.UN): Does The Earnings Decline Make It An Underperformer?

Examining Partners Value Investments LP's (CVE:PVF.UN) past track record of performance is an insightful exercise for investors. … Today I will assess PVF.UN's latest performance announced on 31 March 2018 and compare these figures to its longer term trend and industry movements. … Check out our latest analysis for Partners Value Investments?

Simply Wall St -

Partners Value Investments LP (CVE:PVF.UN): Does The Earnings Decline Make It An Underperformer?

Today I will examine Partners Value Investments LP's (TSXV:PVF.UN) latest earnings update (31 March 2018) and compare these figures against its performance over the past couple of years, in addition to how the rest of PVF.UN's industry performed. … Since these figures are fairly short-term thinking, I’ve determined an annualized five-year value for PVF.UN's net income, which stands at US$25.79M This means that despite the fact that earnings declined against last year, over time, Partners Value Investments's profits have been rising on average. … Let's see if it is solely because of industry tailwinds, or if Partners Value Investments has experienced some company-specific growth.

Simply Wall St -

Breaking Down Partners Value Investments LP's (CVE:PVF.UN) Ownership Structure

Today, I will be analyzing Partners Value Investments LP’s (TSXV:PVF.UN) recent ownership structure, an important but not-so-popular subject among individual investors. … View our latest analysis for Partners Value Investments TSXV:PVF.UN Ownership_summary Mar 30th 18 Institutional Ownership Institutional investors transact in large blocks which can influence the momentum of stock prices, at least in the short-term, especially when there is a low level of public shares available on the market to trade. … Next Steps: With a low level of institutional ownership, investors in PVF.UN need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

Simply Wall St -

Is It Time To Sell Partners Value Investments LP (CVE:PVF.UN) Based Off Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for PVF.UN Price per share = $30.56 Earnings per share = $0.571 ∴ Price-Earnings Ratio = $30.56 ÷ $0.571 = 53.5x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … PVF.UN’s P/E of 53.5x is higher than its industry peers (13.4x), which implies that each dollar of PVF.UN’s earnings is being overvalued by investors. … For example, if you are inadvertently comparing riskier firms with PVF.UN, then PVF.UN’s P/E would naturally be higher than its peers since investors would reward its lower risk with a higher price.

Simply Wall St -

Should You Be Concerned About Partners Value Investments LP's (CVE:PVF.UN) -38.89% Earnings Decline?

For Partners Value Investments, its most recent trailing-twelve-month earnings is US$41.98M, which, in comparison to last year’s level, has fallen by a significant -38.89%. … Since these values are fairly short-term thinking, I’ve created an annualized five-year value for PVF.UN's net income, which stands at US$23.53M This suggests that though earnings growth was negative against last year, over the past couple of years, Partners Value Investments's earnings have been growing on average. … In the past couple of years, Partners Value Investments increased its bottom line faster than revenue by effectively controlling its costs.

Simply Wall St -

Should You Sell Partners Value Investments LP (CVE:PVF.UN) At This PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for PVF.UN Price per share = $27.22 Earnings per share = $0.571 ∴ Price-Earnings Ratio = $27.22 ÷ $0.571 = 47.7x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you inadvertently compared riskier firms with PVF.UN, then investors would naturally value PVF.UN at a higher price since it is a less risky investment. … Similarly, if you accidentally compared lower growth firms with PVF.UN, investors would also value PVF.UN at a higher price since it is a higher growth investment.

Simply Wall St -

Does Partners Value Investments LP's (TSXV:PVFUN) Past Performance Indicate A Stronger Future?

After looking at Partners Value Investments LP's (TSXV:PVF.UN) latest earnings update (30 June 2017), I found it helpful to revisit the company's performance in the past couple of years and compare this against the latest numbers. … This suggests that, generally, Partners Value Investments has been able to consistently grow its profits over the past couple of years as well. … In the past couple of years, Partners Value Investments expanded its bottom line faster than revenue by efficiently controlling its costs.

Simply Wall St -

Did Partners Value Investments LP (TSXV:PVFUN) Create Value For Investors Over The Past Year?

Return on Equity = Net Profit ÷ Shareholders Equity ROE is assessed against cost of equity, which is measured using the Capital Asset Pricing Model (CAPM) – but let’s not dive into the details of that today. … ROE can be split up into three useful ratios: net profit margin, asset turnover, and financial leverage. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity TSXV:PVF.UN Last Perf Oct 27th 17 Essentially, profit margin shows how much money the company makes after paying for all its expenses.

Simply Wall St -

Company Info

Description

Partners Value Investments LP operates as an investment holding company that engages in the securities and financing transactions in Toronto, Canada. It has a leveraged investment in Brascan Corporation. The company’s operations are managed by Brascan Financial Corporation, a subsidiary of Brascan Corporation. It was formerly known as Partners Value Investments Inc. Partners Value Investments LP has its corporate office in Toronto, Canada.

Details
Name: Partners Value Investments LP
PVF.UN
Exchange: TSXV
Founded:
CA$3,303,465,400
73,492,000
Website: http://www.pvii.ca
Address: Partners Value Investments LP
Brookfield Place,
Suite 210,
Toronto,
Ontario, M5J 2T3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV PVF.UN Equity Limited Partner Units TSX Venture Exchange CA CAD 04. Jul 2016
OTCPK PVVL.F Equity Limited Partner Units Pink Sheets LLC US USD 04. Jul 2016
Number of employees
Current staff
Staff numbers
0
Partners Value Investments employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 00:35
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/04/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.