Exchange Income
Market Cap
CA$1.4b
Last Updated
2021/04/16 23:22 UTC
Data Sources
Company Financials +
Executive Summary
Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. More Details
Rewards
Risk Analysis
+ 1 more risk
Snowflake Analysis
Established dividend payer with reasonable growth potential.
Share Price & News
How has Exchange Income's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EIF is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: EIF's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-0.5%
EIF
-6.1%
CA Airlines
0.6%
CA Market
1 Year Return
68.2%
EIF
100.4%
CA Airlines
38.5%
CA Market
Return vs Industry: EIF underperformed the Canadian Airlines industry which returned 109.2% over the past year.
Return vs Market: EIF exceeded the Canadian Market which returned 42.1% over the past year.
Shareholder returns
| EIF | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.5% | -6.1% | 0.6% |
| 30 Day | -3.5% | -11.3% | 1.3% |
| 90 Day | 3.0% | 8.6% | 8.7% |
| 1 Year | 80.7%68.2% | 100.6%100.4% | 43.3%38.5% |
| 3 Year | 49.6%22.3% | 1.1%-1.1% | 32.0%19.2% |
| 5 Year | 82.4%32.1% | 24.7%19.8% | 57.5%33.4% |
Long-Term Price Volatility Vs. Market
How volatile is Exchange Income's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Something To Consider Before Buying Exchange Income Corporation (TSE:EIF) For The 5.8% Dividend3 weeks ago | Simply Wall St
Do These 3 Checks Before Buying Exchange Income Corporation (TSE:EIF) For Its Upcoming Dividend1 month ago | Simply Wall St
Exchange Income Corporation (TSE:EIF) Shares Could Be 47% Below Their Intrinsic Value EstimateValuation
Is Exchange Income undervalued compared to its fair value and its price relative to the market?
49.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EIF (CA$38.79) is trading below our estimate of fair value (CA$75.15)
Significantly Below Fair Value: EIF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: EIF is poor value based on its PE Ratio (48.5x) compared to the XX Airlines industry average (24.4x).
PE vs Market: EIF is poor value based on its PE Ratio (48.5x) compared to the Canadian market (16.9x).
Price to Earnings Growth Ratio
PEG Ratio: EIF is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: EIF's PB Ratio (2x) is in line with the CA Airlines industry average.
Future Growth
How is Exchange Income forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
43.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EIF's forecast earnings growth (43.3% per year) is above the savings rate (1.5%).
Earnings vs Market: EIF's earnings (43.3% per year) are forecast to grow faster than the Canadian market (20% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: EIF's revenue (10.7% per year) is forecast to grow faster than the Canadian market (6.7% per year).
High Growth Revenue: EIF's revenue (10.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EIF's Return on Equity is forecast to be low in 3 years time (15.2%).
Past Performance
How has Exchange Income performed over the past 5 years?
1.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EIF has high quality earnings.
Growing Profit Margin: EIF's current net profit margins (2.4%) are lower than last year (6.2%).
Past Earnings Growth Analysis
Earnings Trend: EIF's earnings have grown by 1% per year over the past 5 years.
Accelerating Growth: EIF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: EIF had negative earnings growth (-66.4%) over the past year, making it difficult to compare to the Airlines industry average (-23.8%).
Return on Equity
High ROE: EIF's Return on Equity (4.1%) is considered low.
Financial Health
How is Exchange Income's financial position?
Financial Position Analysis
Short Term Liabilities: EIF's short term assets (CA$619.0M) exceed its short term liabilities (CA$295.3M).
Long Term Liabilities: EIF's short term assets (CA$619.0M) do not cover its long term liabilities (CA$1.3B).
Debt to Equity History and Analysis
Debt Level: EIF's debt to equity ratio (163.5%) is considered high.
Reducing Debt: EIF's debt to equity ratio has increased from 113.8% to 163.5% over the past 5 years.
Debt Coverage: EIF's debt is well covered by operating cash flow (23.2%).
Interest Coverage: EIF's interest payments on its debt are not well covered by EBIT (2x coverage).
Balance Sheet
Dividend
What is Exchange Income current dividend yield, its reliability and sustainability?
5.87%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: EIF's dividend (5.88%) is higher than the bottom 25% of dividend payers in the Canadian market (1.48%).
High Dividend: EIF's dividend (5.88%) is in the top 25% of dividend payers in the Canadian market (4.74%)
Stability and Growth of Payments
Stable Dividend: EIF's dividends per share have been stable in the past 10 years.
Growing Dividend: EIF's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (284.8%), EIF's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: EIF's dividends in 3 years are forecast to be covered by earnings (73% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.8yrs
Average management tenure
CEO
Mike Pyle (56 yo)
14.67yrs
Tenure
CA$2,185,570
Compensation
Mr. Michael C. Pyle, also known as Mike, MBA, ICD.D., has been the Chief Executive Officer at Exchange Income Corporation since August 01, 2006. Mr. Pyle served as the Chief Financial Officer of Exchange I...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD1.74M) is above average for companies of similar size in the Canadian market ($USD1.21M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: EIF's management team is seasoned and experienced (6.8 years average tenure).
Board Members
Experienced Board: EIF's board of directors are seasoned and experienced ( 11.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: EIF insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.3%.
Top Shareholders
Company Information
Exchange Income Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Exchange Income Corporation
- Ticker: EIF
- Exchange: TSX
- Founded: NaN
- Industry: Airlines
- Sector: Transportation
- Market Cap: CA$1.361b
- Shares outstanding: 35.52m
- Website: https://www.exchangeincomecorp.ca
Number of Employees
Location
- Exchange Income Corporation
- 101-990 Lorimer Boulevard
- Winnipeg
- Manitoba
- R3P 0Z9
- Canada
Listings
Biography
Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates through two segments, Aerospace & Aviation, and Manufacturing. The ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/16 23:22 |
| End of Day Share Price | 2021/04/16 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.