Exchange Income Corporation

TSX:EIF Stock Report

Market Cap: CA$3.9b

Exchange Income Management

Management criteria checks 4/4

Exchange Income's CEO is Mike Pyle, appointed in Aug 2006, has a tenure of 19.17 years. total yearly compensation is CA$3.92M, comprised of 23.2% salary and 76.8% bonuses, including company stock and options. directly owns 0.047% of the company’s shares, worth CA$1.83M. The average tenure of the management team and the board of directors is 6.1 years and 16.3 years respectively.

Key information

Mike Pyle

Chief executive officer

CA$3.9m

Total compensation

CEO salary percentage23.20%
CEO tenure19.2yrs
CEO ownership0.05%
Management average tenure6.1yrs
Board average tenure16.3yrs

Recent management updates

Recent updates

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

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?
User avatar

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

Exchange Income's (TSE:EIF) Returns Have Hit A Wall

Dec 11
Exchange Income's (TSE:EIF) Returns Have Hit A Wall

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

Nov 19
Exchange Income (TSE:EIF) Is Due To Pay A Dividend Of CA$0.22

Earnings Beat: Exchange Income Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Nov 09
Earnings Beat: Exchange Income Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Slowing Rates Of Return At Exchange Income (TSE:EIF) Leave Little Room For Excitement

Jun 15
Slowing Rates Of Return At Exchange Income (TSE:EIF) Leave Little Room For Excitement

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

May 22
We Think Exchange Income (TSE:EIF) Is Taking Some Risk With Its Debt

Is Exchange Income Corporation (TSE:EIF) Trading At A 34% Discount?

Apr 13
Is Exchange Income Corporation (TSE:EIF) Trading At A 34% Discount?

Returns At Exchange Income (TSE:EIF) Appear To Be Weighed Down

Feb 24
Returns At Exchange Income (TSE:EIF) Appear To Be Weighed Down

What Is Exchange Income Corporation's (TSE:EIF) Share Price Doing?

Jan 09
What Is Exchange Income Corporation's (TSE:EIF) Share Price Doing?

CEO Compensation Analysis

How has Mike Pyle's remuneration changed compared to Exchange Income's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2025n/an/a

CA$131m

Mar 31 2025n/an/a

CA$124m

Dec 31 2024CA$4mCA$909k

CA$121m

Sep 30 2024n/an/a

CA$122m

Jun 30 2024n/an/a

CA$116m

Mar 31 2024n/an/a

CA$120m

Dec 31 2023CA$4mCA$866k

CA$122m

Sep 30 2023n/an/a

CA$120m

Jun 30 2023n/an/a

CA$120m

Mar 31 2023n/an/a

CA$113m

Dec 31 2022CA$4mCA$830k

CA$110m

Sep 30 2022n/an/a

CA$106m

Jun 30 2022n/an/a

CA$79m

Mar 31 2022n/an/a

CA$65m

Dec 31 2021CA$3mCA$780k

CA$69m

Sep 30 2021n/an/a

CA$59m

Jun 30 2021n/an/a

CA$54m

Mar 31 2021n/an/a

CA$40m

Dec 31 2020CA$2mCA$623k

CA$28m

Sep 30 2020n/an/a

CA$40m

Jun 30 2020n/an/a

CA$52m

Mar 31 2020n/an/a

CA$71m

Dec 31 2019CA$2mCA$714k

CA$84m

Sep 30 2019n/an/a

CA$77m

Jun 30 2019n/an/a

CA$72m

Mar 31 2019n/an/a

CA$70m

Dec 31 2018CA$2mCA$727k

CA$71m

Compensation vs Market: Mike's total compensation ($USD2.81M) is about average for companies of similar size in the Canadian market ($USD2.79M).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.

CEO

Mike Pyle (61 yo)

19.2yrs
Tenure
CA$3,916,946
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. He serves as Chairman at Manitoba First Investment Inc. He h...

Leadership Team

NamePositionTenureCompensationOwnership
Michael Pyle
CEO & Director19.2yrsCA$3.92m0.047%
CA$ 1.8m
Duncan Jessiman
Executive Vice Chairman16.3yrsCA$268.40k0.29%
CA$ 11.2m
Richard Wowryk
Chief Financial Officer3.3yrsCA$958.70k0.016%
CA$ 609.7k
Hank Gibson
President of Regional Oneno dataCA$1.61mno data
Darren Francis
CEO of Northern Mat & Bridge LPno dataCA$1.62mno data
Jake Trainor
Presidentless than a yearno datano data
Darwin Sparrow
Chief Operating Officer10.4yrsCA$447.22k0.0063%
CA$ 244.1k
Curtis Anderson
Chief Technology Officer3.8yrsno datano data
Travis Muhr
Chief Administrative Officer2.5yrsno data0.011%
CA$ 423.8k
Pam Plaster
Vice President of Investor Developmentno datano datano data
Dianne Spencer
Manager of Compliance & Corporate Secretary20.2yrsno data0.0018%
CA$ 68.6k
Steven Stennett
Chief Legal Officer8.5yrsno data0.0023%
CA$ 88.5k
6.1yrs
Average Tenure
61yo
Average Age

Experienced Management: EIF's management team is seasoned and experienced (6.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Michael Pyle
CEO & Director16.3yrsCA$3.92m0.047%
CA$ 1.8m
Duncan Jessiman
Executive Vice Chairman16.3yrsCA$268.40k0.29%
CA$ 11.2m
Edward Warkentin
Independent Director16.3yrsCA$185.00k0.30%
CA$ 11.7m
Donald Streuber
Independent Chairman16.3yrsCA$275.00k0.70%
CA$ 27.3m
Melissa Sonberg
Independent Director7.4yrsCA$190.00kno data
Gary Buckley
Independent Director16.3yrsCA$190.00k0.91%
CA$ 35.5m
W. J. Bennett
Independent Director16.3yrsCA$185.00kno data
Carmele Peter
Directorless than a yearCA$2.87m0.0098%
CA$ 382.5k
Barb Gamey
Independent Director2.4yrsCA$175.00k0.0039%
CA$ 150.5k
Polly Craik
Independent Director7.4yrsCA$175.00k0.0080%
CA$ 313.4k
Bruce William Jack
Independent Director3.4yrsCA$195.00k0.023%
CA$ 903.3k
16.3yrs
Average Tenure
67yo
Average Age

Experienced Board: EIF's board of directors are seasoned and experienced ( 16.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/05 13:16
End of Day Share Price 2025/10/03 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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 19 analysts. 13 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 Capital Markets
Michael GoldieBMO Capital Markets Equity Research
Matthew LeeCanaccord Genuity