CI Financial Corp
TSX:CIX

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CI Financial Corp
TSX:CIX
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Price: 31.68 CAD Market Closed
Market Cap: 4.6B CAD

Relative Value

The Relative Value of one CIX stock under the Base Case scenario is 51.32 CAD. Compared to the current market price of 31.68 CAD, CI Financial Corp is Undervalued by 38%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

CIX Relative Value
Base Case
51.32 CAD
Undervaluation 38%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
41
vs Industry
67
Median 3Y
1
Median 5Y
1.5
Industry
3.2
Forward
1.4
vs History
vs Industry
1
Median 3Y
5.7
Median 5Y
6.9
Industry
15.5
Forward
7.5
vs History
17
vs Industry
32
Median 3Y
5.6
Median 5Y
5.8
Industry
10.3
vs History
1
vs Industry
36
Median 3Y
3.2
Median 5Y
3
Industry
12.9
vs History
1
vs Industry
3
Median 3Y
2.2
Median 5Y
2.3
Industry
1.3
vs History
36
vs Industry
58
Median 3Y
2.5
Median 5Y
2.5
Industry
4.8
Forward
2.4
vs History
33
vs Industry
59
Median 3Y
3
Median 5Y
3
Industry
7.1
vs History
9
vs Industry
39
Median 3Y
8.2
Median 5Y
7.7
Industry
14.1
Forward
7
vs History
9
vs Industry
26
Median 3Y
11.1
Median 5Y
9.2
Industry
14.4
Forward
10.9
vs History
22
vs Industry
25
Median 3Y
13
Median 5Y
12.4
Industry
12.5
vs History
17
vs Industry
21
Median 3Y
14.7
Median 5Y
13.7
Industry
13.4
vs History
50
vs Industry
43
Median 3Y
0.8
Median 5Y
0.8
Industry
1

Multiples Across Competitors

CIX Competitors Multiples
CI Financial Corp Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
CI Financial Corp
TSX:CIX
4.5B CAD 1.5 -17.1 10.2 15.2
US
Blackstone Inc
NYSE:BX
183.9B USD 14.3 72.3 30.2 30.3
US
BlackRock Inc
NYSE:BLK
165.9B USD 7.9 26.3 20 21.4
US
KKR & Co Inc
NYSE:KKR
120.1B USD 7.3 54.7 -885.5 -885.5
CA
Brookfield Corp
NYSE:BN
103.5B USD 1.3 232 11.2 16.7
CA
BROOKFIELD ASSET MANAGEMENT LTD
TSX:BAM
123.1B CAD 63.8 95.7 125.6 126.2
CA
Brookfield Asset Management Inc
NYSE:BAM
89B USD 62.7 94.1 123.6 124.1
ZA
Ninety One Ltd
JSE:NY1
79.6B Zac 0 0 0 0
LU
Reinet Investments SCA
JSE:RNI
74.1B Zac 0 0 0 0
US
Bank of New York Mellon Corp
NYSE:BK
66.5B USD 3.5 14.7 63.7 0
MU
African Rainbow Capital Investments Ltd
JSE:AIL
61.5B Zac 0 0 0 0
P/E Multiple
Earnings Growth PEG
CA
CI Financial Corp
TSX:CIX
Average P/E: 84.3
Negative Multiple: -17.1
N/A N/A
US
Blackstone Inc
NYSE:BX
72.3
54%
1.3
US
BlackRock Inc
NYSE:BLK
26.3
12%
2.2
US
KKR & Co Inc
NYSE:KKR
54.7
33%
1.7
CA
Brookfield Corp
NYSE:BN
232
167%
1.4
CA
B
BROOKFIELD ASSET MANAGEMENT LTD
TSX:BAM
95.7
90%
1.1
CA
Brookfield Asset Management Inc
NYSE:BAM
94.1
90%
1
ZA
N
Ninety One Ltd
JSE:NY1
Not Available N/A N/A
LU
R
Reinet Investments SCA
JSE:RNI
Not Available N/A N/A
US
Bank of New York Mellon Corp
NYSE:BK
14.7
13%
1.1
MU
A
African Rainbow Capital Investments Ltd
JSE:AIL
Not Available N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
CI Financial Corp
TSX:CIX
Average EV/EBITDA: 55
10.2
9%
1.1
US
Blackstone Inc
NYSE:BX
30.2
20%
1.5
US
BlackRock Inc
NYSE:BLK
20
3%
6.7
US
KKR & Co Inc
NYSE:KKR
Negative Multiple: -885.5
124%
N/A
CA
Brookfield Corp
NYSE:BN
11.2
N/A N/A
CA
B
BROOKFIELD ASSET MANAGEMENT LTD
TSX:BAM
125.6
236%
0.5
CA
Brookfield Asset Management Inc
NYSE:BAM
123.6
236%
0.5
ZA
N
Ninety One Ltd
JSE:NY1
Not Available N/A N/A
LU
R
Reinet Investments SCA
JSE:RNI
Not Available N/A N/A
US
Bank of New York Mellon Corp
NYSE:BK
63.7
N/A N/A
MU
A
African Rainbow Capital Investments Ltd
JSE:AIL
Not Available N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
CI Financial Corp
TSX:CIX
Average EV/EBIT: 55.7
15.2
-6%
N/A
US
Blackstone Inc
NYSE:BX
30.3
21%
1.4
US
BlackRock Inc
NYSE:BLK
21.4
4%
5.3
US
KKR & Co Inc
NYSE:KKR
Negative Multiple: -885.5
108%
N/A
CA
Brookfield Corp
NYSE:BN
16.7
-27%
N/A
CA
B
BROOKFIELD ASSET MANAGEMENT LTD
TSX:BAM
126.2
235%
0.5
CA
Brookfield Asset Management Inc
NYSE:BAM
124.1
235%
0.5
ZA
N
Ninety One Ltd
JSE:NY1
Not Available N/A N/A
LU
R
Reinet Investments SCA
JSE:RNI
Not Available N/A N/A
US
Bank of New York Mellon Corp
NYSE:BK
Not Available N/A N/A
MU
A
African Rainbow Capital Investments Ltd
JSE:AIL
Not Available N/A N/A