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Exchange Income CorporationTSX:EIF Stock Report

Market Cap CA$5.7b
Share Price
CA$99.74
CA$123.33
19.1% undervalued intrinsic discount
1Y90.3%
7D-3.1%
Portfolio Value
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Exchange Income Corporation

TSX:EIF Stock Report

Market Cap: CA$5.7b

EIF Community Fair Values

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Exchange Income Corporation Competitors

Price History & Performance

Summary of share price highs, lows and changes for Exchange Income
Historical stock prices
Current Share PriceCA$99.74
52 Week HighCA$111.00
52 Week LowCA$51.65
Beta0.91
1 Month Change-5.16%
3 Month Change-0.70%
1 Year Change90.27%
3 Year Change88.83%
5 Year Change156.80%
Change since IPO1,562.33%

Recent News & Updates

Recent updates

EIF: Future Share Repurchases And Higher P E Could Support Returns

The analyst price target for Exchange Income is updated to CA$123.33 from CA$122.25 as analysts reflect a range of higher targets that reference modestly adjusted fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Recent Street research shows a broad reset higher in price targets for Exchange Income, with several firms updating their valuation frameworks and ratings.

EIF: Future Share Repurchases And Higher P E Assumptions Could Support Returns

Analysts have lifted their price targets on Exchange Income to a range of CA$100 to CA$133, citing updated assumptions around growth, margins and a higher forward P/E multiple in their models. Analyst Commentary Recent Street research on Exchange Income centers on a series of target price revisions within a CA$100 to CA$133 band, alongside supportive ratings such as Outperform, Buy and Market Perform.

EIF: Higher Fair Value And Rising Street Confidence Should Support Future Returns

Narrative Update on Exchange Income Exchange Income's analyst price target has moved higher within recent research, with several firms lifting their targets into a range of CA$100 to CA$133. Analysts point to updated views on the company that align with only modest tweaks to discount rate, revenue growth, profit margin, and future P/E inputs in this model.

EIF: Higher P/E Assumptions And Rising Fair Value Estimate Will Drive Returns

Analysts have nudged our fair value estimate for Exchange Income higher to CA$122.25 from CA$120.58, reflecting a series of recent price target increases across the Street that are supported by updated assumptions around discount rate, profit margin, and future P/E expectations. Analyst Commentary Recent Street research on Exchange Income has been clustered around higher price targets, with several firms adjusting their views using updated assumptions for discount rates, margins, and P/E expectations.

EIF: Higher Earnings Efficiency And P/E Assumptions Will Shape Forward Return Potential

Analysts have lifted their average price target on Exchange Income, with recent moves such as increases to CA$133, CA$125, CA$121, CA$107 and CA$100 contributing to our updated fair value estimate of about CA$120.58, up from about CA$104.85 previously. Analyst Commentary Recent Street research on Exchange Income has been broadly constructive, with several bullish analysts lifting their price targets into a range between about CA$100 and CA$133 and maintaining positive ratings on the shares.

Long Term Defense And Infrastructure Demand Will Support This Undervalued Aviation And Manufacturing Group

Catalysts About Exchange Income Exchange Income Corporation operates a diversified group of aviation and manufacturing businesses across essential air services, aerospace, defense, environmental access solutions and precision manufacturing. What are the underlying business or industry changes driving this perspective?

EIF: Dividend And Earnings Efficiency Assumptions Will Shape Forward Return Potential

Analysts have lifted their price targets for Exchange Income, and our updated work nudges fair value higher from $100.08 to $104.85 as they factor in refined views on growth, profitability, and a slightly lower future P/E. Analyst Commentary Bullish analysts have been lifting their formal price targets in stages, which lines up with the higher fair value estimate you see here.

EIF: Dividend Policy And Higher P/E Assumptions Will Steer Forward Return Potential

Analysts have lifted their price target on Exchange Income to about $100 from around $91, reflecting updated assumptions that include a slightly lower discount rate, modestly adjusted revenue growth and profit margin expectations, and a higher future P/E multiple. Analyst Commentary Recent Street research on Exchange Income has clustered around higher price targets, with several firms updating their models and valuation assumptions.

EIF: Dividend Stability And Refined P/E Assumptions Will Shape Future Returns

Narrative Update on Exchange Income The analyst price target for Exchange Income has moved higher by about C$1 to C$91, supported by recent Street research that raised targets to C$92 and C$94 as analysts refine assumptions around discount rate, fair value, profit margin and future P/E. Analyst Commentary Bullish analysts recently lifted their price targets on Exchange Income to a range of C$92 to C$94, reflecting updated views on valuation, profit margins and future P/E assumptions.

Exchange Income (TSE:EIF) Takes On Some Risk With Its Use Of Debt

Dec 31
Exchange Income (TSE:EIF) Takes On Some Risk With Its Use Of Debt

EIF: Rising Dividend And Execution Will Support Shares Near C$94

Exchange Income's analyst price target has been lifted from C$90.23 to approximately C$94, as analysts cite a series of upward target revisions and sustained positive ratings that reflect confidence in the company’s earnings outlook and valuation resilience. Analyst Commentary Recent research updates highlight a constructive stance on Exchange Income, with multiple upward revisions to price targets reinforcing confidence in the company’s ability to execute on its growth strategy and support a higher valuation range.

EIF: Dividend Momentum And Execution Will Support Shares Near C$94

Exchange Income's analyst price target has been revised higher, with several firms lifting their objectives into the C$90 to C$94 range as analysts cite continued earnings momentum and sustained business strength. Analyst Commentary Bullish analysts point to the series of upward price target revisions, into the low to mid C$90 range, as evidence that the market is still catching up to Exchange Income's earnings trajectory and diversified business model.

At CA$79.55, Is It Time To Put Exchange Income Corporation (TSE:EIF) On Your Watch List?

Dec 01
At CA$79.55, Is It Time To Put Exchange Income Corporation (TSE:EIF) On Your Watch List?

EIF: Confidence In Execution Will Drive Shares Toward C$94 This Year

Exchange Income's analyst price targets have recently increased, rising from C$85 to C$94. Analysts point to improving financial metrics and continued strong performance as key drivers of their updated outlook.

Impressive Earnings May Not Tell The Whole Story For Exchange Income (TSE:EIF)

Nov 15
Impressive Earnings May Not Tell The Whole Story For Exchange Income (TSE:EIF)

EIF: Confidence In Execution Will Drive Shares Toward C$94 In Coming Quarters

Exchange Income's analyst price target has risen from C$85 to as high as C$94, as analysts cite improved revenue growth outlooks despite mixed margin trends. Analyst Commentary Recent street research has highlighted shifting sentiment around Exchange Income, as several analysts have updated their recommendations and price targets based on evolving company fundamentals.

Improved Profit Margins And Network Integration Will Sustain Future Expansion

Exchange Income's analyst price target has been raised from approximately C$81.31 to C$83.54, as analysts cite improved profit margins and a sustained growth outlook in their updated assessments. Analyst Commentary Recent street research updates have reflected growing optimism from analysts regarding Exchange Income's prospects, with several upward revisions to price targets across multiple firms.

Exchange Income (TSE:EIF) Will Pay A Dividend Of CA$0.22

Oct 28
Exchange Income (TSE:EIF) Will Pay A Dividend Of CA$0.22

Exchange Income (TSE:EIF) Is Due To Pay A Dividend Of CA$0.22

Sep 20
Exchange Income (TSE:EIF) Is Due To Pay A Dividend Of CA$0.22

Nunavut Contract And Canadian North Integration Will Expand Air Connectivity

Despite ongoing bullish support driven by Exchange Income’s robust M&A execution and long-term defense tailwinds, tempered by concerns over limited ROIC spreads, the consensus analyst price target remained unchanged at CA$81.31. Analyst Commentary Bullish analysts raised price targets citing the company's consistent track record of successful M&A, highlighting Exchange Income as a strong compounder with ongoing opportunities for both organic and inorganic growth.

Exchange Income (TSE:EIF) Is Paying Out A Dividend Of CA$0.22

Jul 21
Exchange Income (TSE:EIF) Is Paying Out A Dividend Of CA$0.22

We Think Exchange Income (TSE:EIF) Is Taking Some Risk With Its Debt

Jul 06
We Think Exchange Income (TSE:EIF) Is Taking Some Risk With Its Debt

Exchange Income (TSE:EIF) Will Pay A Dividend Of CA$0.22

Jun 21
Exchange Income (TSE:EIF) Will Pay A Dividend Of CA$0.22

Exchange Income (TSE:EIF) Has Affirmed Its Dividend Of CA$0.22

May 19
Exchange Income (TSE:EIF) Has Affirmed Its Dividend Of CA$0.22

Exchange Income Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

May 15
Exchange Income Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Exchange Income Corporation's (TSE:EIF) Popularity With Investors Is Clear

May 08
Exchange Income Corporation's (TSE:EIF) Popularity With Investors Is Clear

Exchange Income (TSE:EIF) Has Affirmed Its Dividend Of CA$0.22

Apr 20
Exchange Income (TSE:EIF) Has Affirmed Its Dividend Of CA$0.22

Exchange Income (TSE:EIF) Will Pay A Dividend Of CA$0.22

Mar 21
Exchange Income (TSE:EIF) Will Pay A Dividend Of CA$0.22

Solid Earnings May Not Tell The Whole Story For Exchange Income (TSE:EIF)

Mar 06
Solid Earnings May Not Tell The Whole Story For Exchange Income (TSE:EIF)

Is There An Opportunity With Exchange Income Corporation's (TSE:EIF) 48% Undervaluation?

Feb 07
Is There An Opportunity With Exchange Income Corporation's (TSE:EIF) 48% Undervaluation?
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US Expansion And Spartan Acquisition Will Strengthen Future Market Position

The acquisition of Spartan and product diversification into new regions are key growth strategies, enhancing revenue and market expansion opportunities.

Does Exchange Income (TSE:EIF) Have A Healthy Balance Sheet?

Jan 09
Does Exchange Income (TSE:EIF) Have A Healthy Balance Sheet?

Exchange Income (TSE:EIF) Will Pay A Dividend Of CA$0.22

Dec 21
Exchange Income (TSE:EIF) Will Pay A Dividend Of CA$0.22

Shareholder Returns

EIFCA AirlinesCA Market
7D-3.1%-1.2%-0.9%
1Y90.3%29.5%34.6%

Return vs Industry: EIF exceeded the Canadian Airlines industry which returned 29.5% over the past year.

Return vs Market: EIF exceeded the Canadian Market which returned 34.6% over the past year.

Price Volatility

Is EIF's price volatile compared to industry and market?
EIF volatility
EIF Average Weekly Movement3.8%
Airlines Industry Average Movement7.5%
Market Average Movement10.4%
10% most volatile stocks in CA Market18.1%
10% least volatile stocks in CA Market3.9%

Stable Share Price: EIF has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: EIF's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aMike Pylewww.exchangeincomecorp.ca

Exchange Income Corporation, together with its subsidiaries, engages in aerospace and aviation, and manufacturing markets worldwide. The company operates in two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment offers fixed wing and rotary wing; and medevac, passenger, charter, freight services, and auxiliary services; and operates flight schools.

Exchange Income Corporation Fundamentals Summary

How do Exchange Income's earnings and revenue compare to its market cap?
EIF fundamental statistics
Market capCA$5.66b
Earnings (TTM)CA$167.52m
Revenue (TTM)CA$3.28b
33.5x
P/E Ratio
1.7x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
EIF income statement (TTM)
RevenueCA$3.28b
Cost of RevenueCA$2.08b
Gross ProfitCA$1.20b
Other ExpensesCA$1.03b
EarningsCA$167.52m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

May 11, 2026

Earnings per share (EPS)2.97
Gross Margin36.52%
Net Profit Margin5.11%
Debt/Equity Ratio123.5%

How did EIF perform over the long term?

See historical performance and comparison

Dividends

2.8%
Current Dividend Yield
83%
Payout Ratio

Does EIF pay a reliable dividends?

See EIF dividend history and benchmarks
When do you need to buy EIF by to receive an upcoming dividend?
Exchange Income dividend dates
Ex Dividend DateApr 30 2026
Dividend Pay DateMay 15 2026
Days until Ex dividend6 days
Days until Dividend pay date9 days

Does EIF pay a reliable dividends?

See EIF dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/04 11:31
End of Day Share Price 2026/05/04 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Exchange Income Corporation is covered by 16 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Christopher MurrayATB Cormark
Jeffrey FenwickATB Cormark
Michael GoldieBMO Capital Markets Equity Research