Financials Element Fleet Management Corp.

Equities

EFN

CA2861812014

Corporate Financial Services

Market Closed - Toronto S.E. 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
21.35 CAD +0.66% Intraday chart for Element Fleet Management Corp. -0.70% -0.97%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,827 5,892 5,280 7,241 8,388 8,304 - -
Enterprise Value (EV) 1 4,827 5,892 5,280 7,241 8,388 8,304 8,304 8,304
P/E ratio 92.4 x 23.9 x 16.9 x 19.2 x 19.1 x 16.6 x 14.2 x -
Yield 1.61% 1.5% 2.12% 1.8% 1.95% 2.24% 2.54% -
Capitalization / Revenue 4.86 x 6.12 x 5.42 x 6.4 x 6.48 x 5.95 x 5.44 x 4.94 x
EV / Revenue 4.86 x 6.12 x 5.42 x 6.4 x 6.48 x 5.95 x 5.44 x 4.94 x
EV / EBITDA - - - - - - - -
EV / FCF - 6.68 x 11.9 x 32.1 x 12.9 x 11.9 x 10.7 x -
FCF Yield - 15% 8.37% 3.12% 7.78% 8.41% 9.31% -
Price to Book 1.54 x 1.56 x 1.51 x 1.97 x 2.15 x 2.1 x 1.94 x -
Nbr of stocks (in thousands) 435,229 440,329 409,968 392,479 389,065 388,926 - -
Reference price 2 11.09 13.38 12.88 18.45 21.56 21.35 21.35 21.35
Announcement Date 2/25/20 3/3/21 3/1/22 3/6/23 2/27/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 994.1 963.1 973.8 1,132 1,294 1,396 1,526 1,681
EBITDA - - - - - - - -
EBIT 1 556.2 544 512 624.5 715.8 698.7 792.8 -
Operating Margin 55.95% 56.48% 52.58% 55.17% 55.31% 50.05% 51.95% -
Earnings before Tax (EBT) 1 - 333.1 457.7 549.6 605.7 679 755 -
Net income 1 - 287.1 356 409.6 466.2 506.6 566.3 -
Net margin - 29.81% 36.56% 36.19% 36.02% 36.29% 37.11% -
EPS 2 0.1200 0.5600 0.7600 0.9600 1.130 1.285 1.500 -
Free Cash Flow 1 - 881.4 442.2 225.8 652.3 698.2 773 -
FCF margin - 91.52% 45.41% 19.94% 50.4% 50.01% 50.66% -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - 307.01% 124.2% 55.11% 139.92% 137.83% 136.51% -
Dividend per Share 2 0.1790 0.2010 0.2725 0.3330 0.4200 0.4775 0.5425 -
Announcement Date 2/25/20 3/3/21 3/1/22 3/6/23 2/27/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 244.3 245.5 260.8 288.1 290.8 292.3 304 323.1 333.8 333.4 323.7 344.2 357.7 365.1 372.3
EBITDA - - - - - - - - - - - - - - -
EBIT 1 125.6 122.6 142.9 165.9 165.4 150.3 165.5 178.1 184.8 183.4 177.3 183.4 198.2 201.6 216.4
Operating Margin 51.41% 49.93% 54.78% 57.59% 56.88% 51.42% 54.45% 55.14% 55.38% 55.02% 54.77% 53.28% 55.43% 55.2% 58.13%
Earnings before Tax (EBT) 1 113.6 109 125.4 149.5 142.4 132.2 137.9 159.7 167.3 140.7 152 161.2 169.1 167.6 164.3
Net income 1 84.94 94.66 93.6 111.1 103.7 101.2 106.5 120 128.8 110.9 113.8 119.8 127.1 126.7 125.2
Net margin 34.76% 38.56% 35.89% 38.57% 35.66% 34.62% 35.03% 37.15% 38.59% 33.26% 35.17% 34.8% 35.54% 34.71% 33.62%
EPS 2 0.1800 0.2100 0.2100 0.2600 0.2500 0.2400 0.2600 0.2900 0.3200 0.2700 0.2950 0.3100 0.3367 0.3333 0.3700
Dividend per Share 2 0.0650 0.0775 0.0775 0.0775 0.0775 0.1000 0.1000 0.1000 0.1000 0.1200 0.1133 0.1000 0.1000 0.1100 -
Announcement Date 11/10/21 3/1/22 5/9/22 8/10/22 11/8/22 3/6/23 5/9/23 8/8/23 11/6/23 2/27/24 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - 881 442 226 652 698 773 -
ROE (net income / shareholders' equity) 11.9% 9.82% 9.82% 11.5% 14.3% 15.1% 15.9% -
ROA (Net income/ Total Assets) - 2.3% - - - - - -
Assets 1 - 12,474 - - - - - -
Book Value Per Share 2 7.200 8.590 8.520 9.380 10.00 10.10 11.00 -
Cash Flow per Share - 1.980 - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/25/20 3/3/21 3/1/22 3/6/23 2/27/24 - - -
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
21.35 CAD
Average target price
27.33 CAD
Spread / Average Target
+28.02%
Consensus
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