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CI Financial Corp

Financial Services CA CIX

30.93CAD
0.02(0.06%)

Last update at 2024-12-30T15:36:00Z

Day Range

30.8631.01
LowHigh

52 Week Range

12.9324.10
LowHigh

Fundamentals

  • Previous Close 30.91
  • Market Cap3407.76M
  • Volume81685
  • P/E Ratio-
  • Dividend Yield3.37%
  • EBITDA964.99M
  • Revenue TTM3502.70M
  • Revenue Per Share TTM22.51
  • Gross Profit TTM 2008.40M
  • Diluted EPS TTM-0.27

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 476.20M 586.17M 642.75M 726.80M 843.30M
Minority interest -2.07200M -3.10000M 35.28M 5.37M 2.85M
Net income 301.83M 409.30M 475.98M 538.40M 617.48M
Selling general administrative 1020.05M 702.30M 207.82M 223.36M 232.84M
Selling and marketing expenses - 32.82M - - -
Gross profit 2008.40M 1791.65M 1038.53M 1082.28M 1147.41M
Reconciled depreciation 155.11M 96.80M 43.51M 32.89M 9.64M
Ebit 1167.62M 1153.34M 708.19M 782.23M 896.31M
Ebitda 1012.51M 1056.52M 751.70M 815.12M 905.95M
Depreciation and amortization -155.11200M -96.82100M 43.51M 32.89M 9.64M
Non operating income net other - - - - -
Operating income 1167.62M 1153.34M 708.19M 782.23M 896.31M
Other operating expenses 479.59M 141.66M 1261.21M 1291.90M 1341.39M
Interest expense 152.09M 109.67M 65.44M 55.42M 43.05M
Tax provision 174.38M 173.80M 167.20M 189.28M 225.45M
Interest income 232.22M 109.70M 67.49M 56.72M 43.05M
Net interest income -153.95200M -109.70000M -67.49400M -56.72400M -43.05400M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 174.38M 173.79M 167.20M 189.28M 225.45M
Total revenue 2908.92M 2745.79M 2050.46M 2119.23M 2236.36M
Total operating expenses -1380.11000M 799.10M 249.28M 254.95M 252.44M
Cost of revenue 900.52M 954.15M 1011.93M 1036.95M 1088.95M
Total other income expense net -691.41600M -567.17800M -65.44000M -55.42200M -53.00800M
Discontinued operations - - - - -
Net income from continuing ops 301.83M 412.40M 475.55M 537.52M 617.85M
Net income applicable to common shares 299.76M 409.33M 475.98M 538.40M 617.48M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 9981.60M 9708.36M 8659.70M 6359.84M 4367.81M
Intangible assets 3208.54M 3159.81M 2929.30M 2237.33M 1857.21M
Earning assets - - - - -
Other current assets -1726.11900M 1306.60M -0.10000M 973.14M 364.96M
Total liab 8941.57M 8084.70M 7043.91M 4742.11M 2868.45M
Total stockholder equity 1027.76M 1546.31M 1583.44M 1582.45M 1493.99M
Deferred long term liab - - - - -
Other current liab 3005.61M 2996.73M 2029.75M 354.22M 94.49M
Common stock 1436.69M 1706.88M 1810.15M 1868.00M 1944.31M
Capital stock 1436.69M 1706.88M 1810.15M 1868.00M 1944.31M
Retained earnings -454.43500M -160.57200M -226.71500M -287.62100M -474.01300M
Other liab - 751.07M 860.42M 578.58M 483.33M
Good will 4367.42M 4067.89M 3255.94M 2053.67M 1531.27M
Other assets - 142.18M 133.27M 68.40M 42.98M
Cash 1210.41M 153.62M 230.78M 483.60M 118.36M
Cash and equivalents - 153.62M 230.78M 483.60M 118.36M
Total current liabilities 5010.26M 3288.05M 2698.40M 1849.91M 1168.96M
Current deferred revenue -1394.63100M - - - -
Net debt 4081.04M -153.62000M 3718.92M 2048.75M 1558.65M
Short term debt 1936.25M 0.00000M 317.70M 218.73M 460.86M
Short long term debt 437.25M 320.00M 297.50M 203.81M 449.51M
Short long term debt total 5291.45M - 3949.70M 2532.35M 1677.01M
Other stockholder equity -1446.59100M -1546.30800M 23.30M 22.82M 23.43M
Property plant equipment - 195.01M 195.20M 97.60M 90.84M
Total current assets 1675.45M 1833.43M 1839.02M 1838.65M 817.73M
Long term investments 231.50M 310.04M 306.97M 64.19M 26.86M
Net tangible assets - -5617.92900M -4596.72000M -2708.55100M -1894.49400M
Short term investments 42.78M 40.45M 131.77M 133.38M 138.41M
Net receivables 472.93M 298.78M 276.60M 248.54M 196.00M
Long term debt 3070.15M 3896.21M 3478.50M 2252.31M 1154.98M
Inventory - - 1199.97M - -
Accounts payable 1463.04M 291.33M 350.95M 1276.96M 613.62M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 10.68M - -23.30000M -20.74600M 0.26M
Additional paid in capital - - - - -
Common stock total equity - - - 1868.00M 1944.31M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 105.21M -7732.74400M -56.90000M 60.55M 70.75M
Deferred long term asset charges - - - - -
Non current assets total 8306.15M 7732.74M 6687.41M 4521.18M 3550.07M
Capital lease obligations 302.63M 173.35M 173.70M 76.23M 72.52M
Long term debt total - 4045.57M 3632.00M 2313.62M 1216.16M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -508.53300M 10.31M -598.11400M -46.31400M -28.39400M
Change to liabilities 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Total cashflows from investing activities -508.53300M -1401.87600M -598.11400M -46.31400M -28.39400M
Net borrowings 239.53M 996.98M 833.85M 88.42M 384.67M
Total cash from financing activities -47.54200M 483.10M 421.38M -530.49500M -567.23900M
Change to operating activities -85.63000M 15.74M 18.59M -23.21100M -47.33600M
Net income 299.76M 409.33M 475.55M 537.52M 617.85M
Change in cash -77.15900M -252.81900M 365.24M -18.80000M 12.58M
Begin period cash flow 230.78M 483.60M 118.36M 137.16M 124.58M
End period cash flow 153.62M 230.78M 483.60M 118.36M 137.16M
Total cash from operating activities 478.92M 665.96M 541.97M 558.01M 608.21M
Issuance of capital stock - - - 0.00000M 0.41M
Depreciation 155.11M 96.82M 43.51M 32.89M 9.64M
Other cashflows from investing activities -479.69200M -457.38000M -47.64500M -28.69900M -16.51800M
Dividends paid 137.38M 146.45M 155.31M 170.75M 295.40M
Change to inventory - - - - -
Change to account receivables - - - - -
Sale purchase of stock -229.70800M -364.31900M -257.93900M -447.29300M -656.90700M
Other cashflows from financing activities 319.54M 1701.66M 1471.80M 690.08M 384.67M
Change to netincome 109.68M 144.07M 3.88M 9.93M 17.51M
Capital expenditures 30.11M 20.20M 29.12M 16.78M 16.07M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -85.63000M 15.70M 18.59M -23.21100M -47.33600M
Stock based compensation 24.46M 22.73M 10.66M 14.70M 13.73M
Other non cash items -0.41300M 163.78M -4.62100M -8.69200M 17.88M
Free cash flow 448.81M 645.76M 512.85M 541.23M 592.14M

Peer Comparison

Sector: Financial Services Industry: Asset Management

Company Change (CAD) Price (CAD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
CIX
CI Financial Corp
0.02 0.06% 30.93 - 5.92 0.97 3.55 2.25 14.86
BN
Brookfield Corporation
-1.33 1.61% 81.10 100.56 12.82 1.23 2.10 3.32 10.38
BAM
Brookfield Asset Management Ltd
-1.49 1.89% 77.34 51.98 30.67 58.11 7.37 61.42 46.15
PHYS
Sprott Physical Gold Trust
-0.16 0.55% 28.85 6.64 - 6.67 1.14 6.62 0.66
IGM
IGM Financial Inc.
-0.58 1.24% 46.18 12.06 10.57 2.83 1.40 5.14 13.59

Reports Covered

Stock Research & News

Profile

CI Financial Corp. is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries. The firm was founded in 1965 and is based in Toronto, Canada with additional offices in Vancouver, Canada; Calgary, Canada; and Montreal, Canada.

CI Financial Corp

15 York Street,, Toronto, ON, Canada, M5J 0A3

Key Executives

Name Title Year Born
Mr. Kurt MacAlpine CEO & Director 1982
Mr. Darie P. Urbanky Pres & COO NA
Mr. Amit Muni CPA, CPA Exec. VP & CFO 1969
Ms. Julie Lynn Silcox Exec. VP & Chief Marketing Officer NA
Mr. Marc-Andre Lewis Exec. VP & Head of Investment Management at CI Global Asset Management NA
Mr. Jason Lee Weyeneth C.F.A. VP of Investor Relations & Strategy NA
Mr. Edward Douglas Kelterborn BA, LLB Exec. VP & Chief Legal Officer NA
Mr. Murray Oxby VP of Communications NA
Manisha Burman Exec. VP & Chief HR Officer NA
Mr. Amarjit Kaur Anderson Chief Risk Officer NA

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