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Home CompaniesElement Fleet Management Corp

Element Fleet Management Corp

Industrials Rental & Leasing Services
PortfolioPortfolio WatchlistWatchlist
Company price
20.09 CAD -2.33 ( 10.39%)
Last update at 2026-11-04T14:34:00Z
VOLUME
229717
Market Cap
12852.54M
P/E
34.40

Momentum Score

…

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, the United States, Mexico, Australia, and New Zealand. The company offers end-to-end fleet solutions, including cars, trucks, and material handling support equipment ordering support. It also provides fleet management solutions, such as vehicle acquisition, maintenance, risk management, route optimization, electric vehicle integration, and remarketing services. In addition, it manages the rental process for extra equipment or other assets, ranging from forklifts to storage trailers, and coordinates delivery and pickup. Further, the company offers other services, including fleet vehicle remarketing, an advance purchase program, Element Energy Solutions, and fleet financing services, which comprise operating and capital leases, sale and leaseback funding, open-end terminal rental adjustment clause (TRAC) leases, and a client-owned acquisition program. Additionally, it provides title, licensing, and registration services; end-to-end telematics services; driver training programs and other safety services; and insurance coverage solutions, including subrogation, driver safety programs, and telematics, as well as accident management services, including vehicle repair for cars, light-duty vehicles, and medium-duty trucks. It is involved in tolls and violations processing, regulation compliance, fuel services, managed maintenance, and personal usage and expense tracking. The company provides Autofleet, a suite of software solutions for transportation services for fleets and mobility operators. Element Fleet Management Corp. is based in Toronto, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
19.56
Low
20.50
High
52 Week Price Range
29.32
Low
37.93
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Element Fleet Management provides commercial fleet financing and fleet-management services to corporate and government clients across North America and internationally. Long-term growth drivers include rising outsourced fleet management, vehicle electrification and telematics adoption, and scale that could support recurring fee and leasing revenue, which may appeal to investors seeking exposure to predictable services-based cash flows.
Major risks are exposure to residual vehicle values and credit losses, sensitivity to interest rates and auto-cycle downturns, and competitive and execution risks in scaling services.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
22.42
Dividend Yield
1.16%
Revenue TTM
2320.10M
Revenue Per Share
5.78
Gross Profit TTM
1971.90M
Debt / Equity
3.64
ROE
10.16%
Net Debt
9373.95M
ROCE
9.17%
Diluted EPS TTM
0.94

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 538.59M 513.56M 605.66M 549.55M 457.68M
Net income 284.02M 387.14M 351.42M 409.64M 279.22M
Selling general administrative 192.36M 483.74M 158.26M 156.15M 128.52M
Selling and marketing expenses - - 416.03M - -
Gross profit 745.95M 1515.63M 748.70M 809.16M 666.94M
Reconciled depreciation 670.41M 611.60M 572.53M 603.18M 536.11M
Ebit 1071.45M 513.56M 459.64M 29.64M -22.84M
Ebitda 1808.63M - 1032.17M 1159.91M 988.67M
Depreciation and amortization 737.18M - 572.53M 1130.27M 1011.51M
Operating income 960.55M 513.56M 1417.52M 556.74M 452.57M
Other operating expenses 1298.20M - 576.74M 1403.08M 1209.92M
Interest expense 532.86M 6.21M 585.47M 3.83M 3.58M
Tax provision 250.19M 126.42M 105.13M 139.91M 101.67M
Net interest income 0.00M -1.52M -3.09M -3.83M -3.58M
Income tax expense 254.57M - 139.46M 139.91M 101.67M
Total revenue 2258.76M 2105.57M 1994.27M 1959.82M 1662.49M
Total operating expenses -214.60M 1689.38M 576.74M 252.43M 214.37M
Cost of revenue 1512.81M 589.94M 1245.57M 1150.65M 995.55M
Total other income expense net -421.97M -0.59M -811.86M 549.55M 457.68M
Net income from continuing ops 279.13M 387.14M 351.42M 409.64M 356.01M
Net income applicable to common shares - 379.92M 327.97M 381.57M 323.59M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 13858.80M 12700.71M 16472.57M 14332.22M 12973.41M
Intangible assets 447.97M 642.47M 846.00M 864.61M 830.01M
Other current assets 2066.77M - -10031.79M 433.33M 400.93M
Total liab 11143.49M 9926.40M 12571.90M 10651.25M 9522.46M
Total stockholder equity 2715.32M 2774.32M 3900.67M 3680.97M 3450.95M
Other current liab - - -1390.74M 1465.20M 1206.55M
Common stock 2232.84M - 2847.21M 2868.08M 2951.60M
Capital stock 2236.91M 2264.05M 3101.94M 3233.19M 3463.47M
Retained earnings 686.06M 650.40M 320.87M 129.29M -22.54M
Other liab - - - 132.53M 89.30M
Good will 776.38M 1030.23M 1269.40M 1295.09M 1220.99M
Other assets - - - 798.76M 417.71M
Cash 503.14M 128.84M 464.65M 68.88M 45.27M
Total current liabilities 2173.38M 1338.19M 1600.94M 1852.23M 1206.55M
Net debt 9373.95M 8323.75M 10439.84M 8948.85M 8158.89M
Short term debt 2173.38M - 2991.68M 387.03M 0.00M
Short long term debt - - - 387.03M -
Short long term debt total 9877.10M - 10904.50M 9017.73M 8204.16M
Other stockholder equity - - - 13.80M 13.83M
Property plant equipment - - - 2887.74M 2391.05M
Total current assets 8804.36M 8181.01M 10300.66M 8787.41M 8087.35M
Net tangible assets - - - 1156.16M 888.08M
Net receivables 6234.44M 1086.50M 9567.14M 8285.20M 7641.15M
Long term debt 9680.02M 8452.59M 10772.15M 8971.79M 8198.03M
Accounts payable - - - 1336.98M 1079.51M
Accumulated other comprehensive income -203.59M - 477.86M 304.69M -3.81M
Non currrent assets other 698.57M - - 131.94M 26.30M
Non current assets total 5054.44M 4519.71M 6171.91M 5544.81M 4886.06M
Long term debt total - - - 9025.11M 8259.44M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments 5.03M -157.84M -76.51M -65.61M -0.55M
Change to liabilities - - - 0.00M 0.00M
Total cashflows from investing activities -139.24M -157.84M -74.90M -65.61M -85.95M
Net borrowings 864.35M - - 489.10M -1718.95M
Total cash from financing activities 510.99M 454.82M 1380.16M -7.59M -2390.23M
Change to operating activities - - - -838.25M 1580.22M
Net income 279.13M 387.14M 466.20M 409.64M 356.01M
Change in cash 30.37M 32.43M -37.55M 23.61M 36.48M
Begin period cash flow 128.84M 96.42M 51.92M 45.27M 8.79M
End period cash flow 159.22M 128.84M 96.32M 68.88M 45.27M
Total cash from operating activities -149.95M -107.16M -136.43M 229.63M 2512.10M
Issuance of capital stock 0.04M 2.48M - 14.24M 38.37M
Depreciation 670.41M 538.26M 572.53M 603.18M 536.11M
Other cashflows from investing activities -47.54M -80.84M 1.15M 3.25M 0.11M
Dividends paid 149.40M 146.75M 180.09M 151.89M 143.57M
Change to account receivables -846.56M - -1363.28M -240.59M 2344.95M
Sale purchase of stock -119.96M -194.19M -73.82M -196.17M -532.34M
Other cashflows from financing activities -84.05M 950.30M -92.30M 5.34M -366.15M
Change to netincome - - - 3.33M -13.99M
Capital expenditures 72.39M 77.01M 77.32M 68.86M 86.27M
Change in working capital -1199.42M -1155.96M -1376.39M 34.23M 2271.56M
Stock based compensation 3.11M 1.61M 49.23M 31.30M 0.18M
Other non cash items 96.81M -650.86M 250.46M -817.42M -635.32M
Free cash flow -222.35M -184.17M -1826.32M 160.77M 2425.84M

Peer Comparison*

Sector: Industrials Industry: Rental & Leasing Services

Stock Name
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)
EFN
Element Fleet Management Corp		 -2.33
10.39%		 20.09 34.40 16.69 5.54 3.45 8.17 15.80
BDI
Black Diamond Group Limited		 0.29
1.30%		 22.56 30.85 24.04 2.47 2.91 3.37 13.14

Profile*

Element Fleet Management Corp

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, the United States, Mexico, Australia, and New Zealand. The company offers end-to-end fleet solutions, including cars, trucks, and material handling support equipment ordering support. It also provides fleet management solutions, such as vehicle acquisition, maintenance, risk management, route optimization, electric vehicle integration, and remarketing services. In addition, it manages the rental process for extra equipment or other assets, ranging from forklifts to storage trailers, and coordinates delivery and pickup. Further, the company offers other services, including fleet vehicle remarketing, an advance purchase program, Element Energy Solutions, and fleet financing services, which comprise operating and capital leases, sale and leaseback funding, open-end terminal rental adjustment clause (TRAC) leases, and a client-owned acquisition program. Additionally, it provides title, licensing, and registration services; end-to-end telematics services; driver training programs and other safety services; and insurance coverage solutions, including subrogation, driver safety programs, and telematics, as well as accident management services, including vehicle repair for cars, light-duty vehicles, and medium-duty trucks. It is involved in tolls and violations processing, regulation compliance, fuel services, managed maintenance, and personal usage and expense tracking. The company provides Autofleet, a suite of software solutions for transportation services for fleets and mobility operators. Element Fleet Management Corp. is based in Toronto, Canada.

161 Bay Street, Toronto, ON, Canada, M5J 2S1

800-638-7901

https://www.elementfleet.com

3000

Name Title Year Born
Mr. Jay A. Forbes CPA, F.C.A., FCA, FCPA CEO, Pres & Exec. Director 1961
Mr. Frank A. Ruperto Exec. VP & CFO 1966
Mr. James R. Halliday Exec. VP & COO 1972
Mr. David Madrigal Exec. VP & Chief Commercial Officer NA
Michael Barrett VP of Investor Relations & Investments NA
Mr. David Colman Exec. VP, Gen. Counsel & Corp. Sec. NA
Ms. Jacqueline Angela Thomson McGillivray Exec. VP & Chief People and Social Impact Officer NA
Mr. Imran Hussein Managing Director NA
Mr. Scott Corman Exec. Managing Director of Rail & Aviation Fin. NA
Mr. Chris Gittens Exec. VP & Chief Digital Officer NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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