Section1: Company Overview

Finning International Inc. (TSX: FTT) is a dealer and distributor of heavy-duty machinery and parts and operates through the Caterpillar brand. It sells and rents Caterpillar machinery to the mining, construction, petroleum, forestry, and power system application industries. This Report covers the Investment Highlights, Key Financial Metrics, Valuation, Target Price, and Recommendation on the stock. 

1.1 Investment Highlights

Section2:  Financial Highlights

 2.1 Key Financial Highlights

Section 3:  Stock Recommendation Summary

3.1 Valuation Methodology

Valuation Methodology (Illustrative): EV to EBITDA based

3.2 Price Performance and Stock Recommendation

The stock has witnessed a downside of ~0.31% in 1 week and an upside of ~9.21% over the last 1 month. Moreover, the stock is trading below the average 52-week high price of CAD 46.30 and 52-week low price of CAD 31.83, providing an opportunity to exit, as the prices are trading near the resistance and could make some correction. Finning International Inc. (TSX: FTT) was last covered on 12^th December 2023.

3.3 One-Year Technical Price Chart

One-Year Technical Price Chart (as of January 2, 2024). Source: REFINITIV, Analysis: Kalkine Group

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, and currency as of January 2, 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Dividend Yield may vary as per the stock price movement.