LSE:CGI

Stock Analysis Report

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Executive Summary

Canadian General Investments, Limited is a close ended equity mutual fund launched and managed by Morgan Meighen & Associates Limited. More Details

Rewards


Snowflake Analysis

Share Price & News

How has Canadian General Investments's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CGI is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: CGI's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

0%

CGI

-5.6%

GB Capital Markets

1.2%

GB Market


1 Year Return

50.0%

CGI

11.2%

GB Capital Markets

4.6%

GB Market

Return vs Industry: CGI exceeded the UK Capital Markets industry which returned 11.2% over the past year.

Return vs Market: CGI exceeded the UK Market which returned 4.6% over the past year.


Shareholder returns

CGIIndustryMarket
7 Day0%-5.6%1.2%
30 Day5.4%-6.6%0.9%
90 Day13.3%0.06%2.4%
1 Year54.5%50.0%14.8%11.2%10.6%4.6%
3 Year75.9%60.2%39.5%23.7%8.6%-4.5%
5 Year181.9%140.0%99.0%65.5%39.5%12.5%

Long-Term Price Volatility Vs. Market

How volatile is Canadian General Investments's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Canadian General Investments undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CGI (£21.3) is trading below our estimate of fair value (£54.13)

Significantly Below Fair Value: CGI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CGI is good value based on its PE Ratio (14.6x) compared to the GB Capital Markets industry average (20.1x).

PE vs Market: CGI is good value based on its PE Ratio (14.6x) compared to the UK market (24.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CGI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CGI is good value based on its PB Ratio (1x) compared to the GB Capital Markets industry average (1.6x).

Future Growth

How is Canadian General Investments forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

24.8%

Forecasted Diversified Financials 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 Canadian General 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 SimplyWall St do have past financial data.

Past Performance

How has Canadian General Investments performed over the past 5 years?

26.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CGI has high quality earnings.

Growing Profit Margin: CGI's current net profit margins (69.7%) are higher than last year (60.4%).


Past Earnings Growth Analysis

Earnings Trend: CGI's earnings have grown significantly by 26.5% per year over the past 5 years.

Accelerating Growth: CGI's earnings growth over the past year (112.8%) exceeds its 5-year average (26.5% per year).

Earnings vs Industry: CGI earnings growth over the past year (112.8%) exceeded the Capital Markets industry -1.9%.


Return on Equity

High ROE: CGI's Return on Equity (6.7%) is considered low.

Financial Health

How is Canadian General Investments's financial position?


Financial Position Analysis

Short Term Liabilities: CGI's short term assets (CA$964.2M) exceed its short term liabilities (CA$101.3M).

Long Term Liabilities: CGI's short term assets (CA$964.2M) exceed its long term liabilities (CA$74.4M).


Debt to Equity History and Analysis

Debt Level: CGI's debt to equity ratio (22.1%) is considered satisfactory.

Reducing Debt: CGI's debt to equity ratio has reduced from 25.7% to 22.1% over the past 5 years.

Debt Coverage: CGI's debt is not well covered by operating cash flow (11.5%).

Interest Coverage: CGI's interest payments on its debt are well covered by EBIT (11x coverage).


Balance Sheet

Dividend

What is Canadian General Investments's current dividend yield, its reliability and sustainability?

2.38%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CGI's dividend (2.38%) is higher than the bottom 25% of dividend payers in the UK market (1.49%).

High Dividend: CGI's dividend (2.38%) is low compared to the top 25% of dividend payers in the UK market (4.51%).


Stability and Growth of Payments

Stable Dividend: CGI's dividend payments have been volatile in the past 10 years.

Growing Dividend: CGI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.4%), CGI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

How experienced are the management team and are they aligned to shareholders interests?

19.2yrs

Average board tenure


CEO

Jonathan Morgan

16.08yrs

Tenure

CA$215,165

Compensation

Mr. Jonathan A. Morgan serves as Principal, Executive Vice President and Chief Operating Officer at Morgan Meighen and Associates Limited. He serves as the Chief Executive Officer, President, and Director ...


Board Members

NamePositionTenureCompensationOwnership
Jonathan Morgan
Chief Executive Officer16.08yrsCA$215.17k1.03%
CA$ 4.5m
Vanessa Morgan
Chairmanno dataCA$238.15k0.32%
CA$ 1.4m
Michael Smedley
Director32.17yrsCA$426.50k0.019%
CA$ 84.5k
Richard Whittall
Director17.17yrsCA$43.59kno data
R. Raymond
Director19.17yrsCA$55.64k0.029%
CA$ 126.7k
James Cook
Director20.17yrsCA$57.59kno data
James Billett
Director16.17yrsCA$55.39k0.022%
CA$ 95.0k
Marcia Brown
Independent Director0.92yrno data0.0096%
CA$ 42.3k

19.2yrs

Average Tenure

Experienced Board: CGI's board of directors are seasoned and experienced ( 19.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CGI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Canadian General Investments, Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Canadian General Investments, Limited
  • Ticker: CGI
  • Exchange: LSE
  • Founded: 1930
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: CA$771.862m
  • Listing Market Cap: CA$440.608m
  • Shares outstanding: 20.86m
  • Website: https://www.mmainvestments.com/cgi.cfm

Location

  • Canadian General Investments, Limited
  • 10 Toronto Street
  • Toronto
  • Ontario
  • M5C 2B7
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CGITSX (The Toronto Stock Exchange)YesCommon SharesCACADJan 1976
CGILSE (London Stock Exchange)YesCommon SharesGBGBPJan 1976
CGRI.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJan 1976

Biography

Canadian General Investments, Limited is a close ended equity mutual fund launched and managed by Morgan Meighen & Associates Limited. It invests in the public equity markets of Canada. The fund seeks to i...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/06 18:38
End of Day Share Price2021/03/05 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.