E-L Financial Corporation Limited operates as an investment and insurance holding company in Canada. More Details
Undervalued with proven track record.
Share Price & News
How has E-L Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ELF is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: ELF's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: ELF exceeded the Canadian Insurance industry which returned -8.6% over the past year.
Return vs Market: ELF underperformed the Canadian Market which returned 2.1% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is E-L Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StHave Insiders Been Buying E-L Financial Corporation Limited (TSE:ELF) Shares?
1 month ago | Simply Wall StHow Many E-L Financial Corporation Limited (TSE:ELF) Shares Do Institutions Own?
2 months ago | Simply Wall StDoes E-L Financial's (TSE:ELF) CEO Salary Compare Well With Industry Peers?
Is E-L Financial undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ELF (CA$807.99) is trading below our estimate of fair value (CA$1192.59)
Significantly Below Fair Value: ELF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ELF is good value based on its PE Ratio (10.9x) compared to the CA Insurance industry average (11.5x).
PE vs Market: ELF is good value based on its PE Ratio (10.9x) compared to the Canadian market (16.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ELF's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ELF is good value based on its PB Ratio (0.5x) compared to the CA Insurance industry average (1x).
How is E-L Financial forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Insurance industry annual growth in earnings
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 E-L Financial 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 SimplyWall St do have past financial data.
- Examine whether E-L Financial is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- E-L Financial competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Insurance industry.
How has E-L Financial performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ELF has high quality earnings.
Growing Profit Margin: ELF's current net profit margins (13.2%) are higher than last year (8.2%).
Past Earnings Growth Analysis
Earnings Trend: ELF's earnings have declined by 14.7% per year over the past 5 years.
Accelerating Growth: ELF's earnings growth over the past year (38.2%) exceeds its 5-year average (-14.7% per year).
Earnings vs Industry: ELF earnings growth over the past year (38.2%) exceeded the Insurance industry 29.7%.
Return on Equity
High ROE: ELF's Return on Equity (5.1%) is considered low.
How is E-L Financial's financial position?
Financial Position Analysis
Short Term Liabilities: ELF's short term assets (CA$588.6M) exceed its short term liabilities (CA$8.7M).
Long Term Liabilities: ELF's short term assets (CA$588.6M) do not cover its long term liabilities (CA$16.6B).
Debt to Equity History and Analysis
Debt Level: ELF's debt to equity ratio (8.4%) is considered satisfactory.
Reducing Debt: ELF's debt to equity ratio has increased from 5.5% to 8.4% over the past 5 years.
Debt Coverage: ELF's debt is well covered by operating cash flow (62%).
Interest Coverage: ELF's interest payments on its debt are well covered by EBIT (25.1x coverage).
What is E-L Financial current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ELF's dividend (0.62%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.53%).
High Dividend: ELF's dividend (0.62%) is low compared to the top 25% of dividend payers in the Canadian market (4.96%).
Stability and Growth of Payments
Stable Dividend: ELF is not paying a notable dividend for the Canadian market, therefore no need to check if payments are stable.
Growing Dividend: ELF is not paying a notable dividend for the Canadian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: ELF is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ELF's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Duncan Newton Jackman (53 yo)
Mr. Duncan Newton Rowell Jackman, LLB. has been the Chairman of The Empire Life Insurance Company since February 2003 and has been its Director since April 2, 1997. Mr. Jackman has been the Chairman of the...
CEO Compensation Analysis
Compensation vs Market: Duncan Newton's total compensation ($USD1.23M) is below average for companies of similar size in the Canadian market ($USD2.08M).
Compensation vs Earnings: Duncan Newton's compensation has increased by more than 20% in the past year.
|VP & CFO||5.83yrs||CA$709.36k||no data|
|VP, General Counsel & Corporate Secretary||no data||CA$995.30k||no data|
|CEO & President of The Empire Life Insurance Company||6.58yrs||CA$1.70m||no data|
|Vice-President of Investments||no data||no data||no data|
|Treasurer||no data||no data||no data|
|Senior Vice-President of Claims for The Dominion||no data||no data||no data|
|CFO, Senior VP & Chief Actuary of Empire Life Insurance Company||12.58yrs||CA$610.80k||no data|
|Senior Vice-President of Personal Lines and Business Solutions- The Dominion||27yrs||no data||no data|
Experienced Management: ELF's management team is seasoned and experienced (12.6 years average tenure).
|Independent Director||23.5yrs||CA$91.31k||0.0055% |
|Independent Director||17.67yrs||CA$96.25k||0.012% |
|Independent Director||6.67yrs||CA$37.20k||0.0083% |
|Independent Director||10.67yrs||CA$42.30k||0.0055% |
|Independent Director||13.67yrs||CA$60.00k||no data|
|Independent Director||2.67yrs||CA$40.60k||no data|
Experienced Board: ELF's board of directors are seasoned and experienced ( 12.2 years average tenure).
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.
E-L Financial Corporation Limited's company bio, employee growth, exchange listings and data sources
- Name: E-L Financial Corporation Limited
- Ticker: ELF
- Exchange: TSX
- Founded: 1968
- Industry: Life and Health Insurance
- Sector: Insurance
- Market Cap: CA$2.922b
- Shares outstanding: 3.62m
- Website: https://www.e-lfinancial.ca
- E-L Financial Corporation Limited
- 165 University Avenue
- 10th Floor
- M5H 3B8
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ELF||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Jan 1975|
|ELFI.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Jan 1975|
|74N||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jan 1975|
|ELF.PRH||TSX (The Toronto Stock Exchange)||PFD 1ST SER 3||CA||CAD||Apr 2012|
E-L Financial Corporation Limited operates as an investment and insurance holding company in Canada. It operates through two segments, E-L Corporate and Empire Life. The company owns investments in equitie...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/21 23:11|
|End of Day Share Price||2021/01/20 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.