EIF Relative Valuation - Exchange Income Corp

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Price: 58.18 CAD 0.47%

Market Cap: 3B CAD

Section:

Relative Value

The Relative Value of one EIF stock under the Base Case scenario is 98.08 CAD. Compared to the current market price of 58.18 CAD, Exchange Income Corp is Undervalued by 41%.

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.

What is Relative Valuation?

How is Relative Value calculated?

EIF Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

1.1

P/S

vs History	19
vs Industry	22

Median 5Y

Industry

0.5

Forward

More Details

24.1

P/E

vs History	25
vs Industry	11

Median 5Y

20.6

Industry

Forward

15.6

More Details

7.6

P/OCF

vs History	9
vs Industry	11

Median 5Y

6.1

Industry

2.9

More Details

33.8

P/FCFE

vs History	20
vs Industry	5

Median 5Y

8.2

Industry

9.3

More Details

P/B

vs History	19
vs Industry	37

Median 5Y

1.9

Industry

1.9

More Details

1.9

EV/S

vs History	30
vs Industry	14

Median 5Y

1.8

Industry

0.9

Forward

1.7

More Details

5.2

EV/GP

vs History	39
vs Industry	31

Median 5Y

5.1

Industry

3.1

More Details

EV/EBITDA

vs History	41
vs Industry	29

Median 5Y

7.9

Industry

5.8

Forward

7.2

More Details

EV/EBIT

vs History	50
vs Industry	18

Median 5Y

Industry

9.6

Forward

13.4

More Details

13.1

EV/OCF

vs History	19
vs Industry	16

Median 5Y

11.2

Industry

5.5

More Details

Negative

EV/FCFF

vs History
vs Industry

Median 5Y

-35.4

Industry

10.3

More Details

1.3

EV/IC

vs History	11
vs Industry	21

Median 5Y

1.2

Industry

0.8

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
CA		Exchange Income Corp TSX:EIF	3B CAD	1.1	24.1	8	16
US		Delta Air Lines Inc NYSE:DAL	32.9B USD	0.5	9	4.1	7.1
US		United Airlines Holdings Inc NASDAQ:UAL	25.5B USD	0.4	7	6.2	6.2
IN		Interglobe Aviation Ltd NSE:INDIGO	2.2T INR	2.8	35.4	12.9	22.6
CH		Kinarus Therapeutics Holding AG SIX:KNRS	19.5B CHF	0	-1 404.3	-1 404.9	-1 404.9
IE	R	Ryanair Holdings PLC LSE:RYA	15.4B EUR	1.1	8	4.5	6.8
UK		International Consolidated Airlines Group SA LSE:IAG	15.8B GBP	0.5	6.4	105.6	161.2
US		Southwest Airlines Co NYSE:LUV	18.7B USD	0.7	34.3	6.8	29.8
CN		Air China Ltd SSE:601111	132.8B CNY	0.8	-218.8	-172.4	-172.4
SG		Singapore Airlines Ltd SGX:C6L	20.7B SGD	1.1	10.5	5.3	11.3
CN		China Southern Airlines Co Ltd SSE:600029	108.2B CNY	0.6	-33.8	60.9	60.9

				Revenue Growth	P/S to Growth
CA		Exchange Income Corp TSX:EIF	Average P/S: 1 1.1	9%	0.1
US		Delta Air Lines Inc NYSE:DAL	0.5	1%	0.5
US		United Airlines Holdings Inc NASDAQ:UAL	0.4	6%	0.1
IN		Interglobe Aviation Ltd NSE:INDIGO	2.8	13%	0.2
CH		Kinarus Therapeutics Holding AG SIX:KNRS	Not Available	N/A	N/A
IE	R	Ryanair Holdings PLC LSE:RYA	1.1	9%	0.1
UK		International Consolidated Airlines Group SA LSE:IAG	0.5	5%	0.1
US		Southwest Airlines Co NYSE:LUV	0.7	5%	0.1
CN		Air China Ltd SSE:601111	0.8	7%	0.1
SG		Singapore Airlines Ltd SGX:C6L	1.1	2%	0.5
CN		China Southern Airlines Co Ltd SSE:600029	0.6	6%	0.1

				Earnings Growth	PEG
CA		Exchange Income Corp TSX:EIF	Average P/E: 16.8 24.1	29%	0.8
US		Delta Air Lines Inc NYSE:DAL	9	13%	0.7
US		United Airlines Holdings Inc NASDAQ:UAL	7	14%	0.5
IN		Interglobe Aviation Ltd NSE:INDIGO	35.4	4%	8.8
CH		Kinarus Therapeutics Holding AG SIX:KNRS	Negative Multiple: -1 404.3	N/A	N/A
IE	R	Ryanair Holdings PLC LSE:RYA	8	14%	0.6
UK		International Consolidated Airlines Group SA LSE:IAG	6.4	9%	0.7
US		Southwest Airlines Co NYSE:LUV	34.3	62%	0.6
CN		Air China Ltd SSE:601111	Negative Multiple: -218.8	N/A	N/A
SG		Singapore Airlines Ltd SGX:C6L	10.5	-20%	N/A
CN		China Southern Airlines Co Ltd SSE:600029	Negative Multiple: -33.8	N/A	N/A

US	Johnson & Johnson NYSE:JNJ	Pharmaceuticals
US	Berkshire Hathaway Inc NYSE:BRK.A	Financial Services
US	Bank of America Corp NYSE:BAC	Banking
US	Mastercard Inc NYSE:MA	Technology
US	UnitedHealth Group Inc NYSE:UNH	Health Care
US	Exxon Mobil Corp NYSE:XOM	Energy
US	Pfizer Inc NYSE:PFE	Pharmaceuticals
US	Palantir Technologies Inc NYSE:PLTR	Technology
US	Nike Inc NYSE:NKE	Textiles, Apparel & Luxury Goods
US	Visa Inc NYSE:V	Technology
CN	Alibaba Group Holding Ltd NYSE:BABA	Retail
US	JPMorgan Chase & Co NYSE:JPM	Banking
US	Coca-Cola Co NYSE:KO	Beverages
US	Walmart Inc NYSE:WMT	Retail
US	Verizon Communications Inc NYSE:VZ	Telecommunication
US	Chevron Corp NYSE:CVX	Energy

	Franklin Covey Co NYSE:FC	23.62 USD 0.04%
	Mohawk Industries Inc NYSE:MHK	108.17 USD 0.39%
	Ardmore Shipping Corp NYSE:ASC	10.06 USD 1.41%
	ASGN Inc NYSE:ASGN	56.63 USD 1.13%
	Skyworks Solutions Inc NASDAQ:SWKS	73.32 USD 1.44%
	Weatherford International PLC NASDAQ:WFRD	48.48 USD

	Johnson & Johnson NYSE:JNJ	151.33 USD 1.15%
	Bank of America Corp NYSE:BAC	44.69 USD 0.7%
	Mastercard Inc NYSE:MA	583.28 USD 0.19%
	Salesforce Inc NYSE:CRM	291.15 USD 0.13%
	Abbvie Inc NYSE:ABBV	184.02 USD 1.29%
	Home Depot Inc NYSE:HD	380.78 USD 0.57%

	Arista Networks Inc NYSE:ANET	96.42 USD 0.36%
	Visa Inc NYSE:V	365.12 USD 0.78%
	Texas Pacific Land Corp NYSE:TPL	1 430.55 USD 0.95%
	KLA Corp NASDAQ:KLAC	791.17 USD -1.84%
	Manhattan Associates Inc NASDAQ:MANH	194.49 USD 0.72%
	Monolithic Power Systems Inc NASDAQ:MPWR	715.4 USD 0.72%

	ServiceNow Inc NYSE:NOW	1 040.18 USD 0.48%
	Spotify Technology SA NYSE:SPOT	656.3 USD 2.52%
	EOG Resources Inc NYSE:EOG	115.5 USD -0.31%
	Monster Beverage Corp NASDAQ:MNST	62.86 USD 0.85%
	Copart Inc NASDAQ:CPRT	63.84 USD 1.38%
	Applied Materials Inc NASDAQ:AMAT	165.57 USD -5.25%

Exchange Income Corp
TSX:EIF

Relative Value

Valuation Multiples

Multiples Across Competitors

EIF Competitors Multiples
Exchange Income Corp Competitors

See Also

Company

Help

Tools

Stocks

				EBITDA Growth	EV/EBITDA to Growth
CA		Exchange Income Corp TSX:EIF	Average EV/EBITDA: 23.8 8	10%	0.8
US		Delta Air Lines Inc NYSE:DAL	4.1	5%	0.8
US		United Airlines Holdings Inc NASDAQ:UAL	6.2	9%	0.7
IN		Interglobe Aviation Ltd NSE:INDIGO	12.9	13%	1
CH		Kinarus Therapeutics Holding AG SIX:KNRS	Negative Multiple: -1 404.9	N/A	N/A
IE	R	Ryanair Holdings PLC LSE:RYA	4.5	10%	0.4
UK		International Consolidated Airlines Group SA LSE:IAG	105.6	7%	15.1
US		Southwest Airlines Co NYSE:LUV	6.8	30%	0.2
CN		Air China Ltd SSE:601111	Negative Multiple: -172.4	N/A	N/A
SG		Singapore Airlines Ltd SGX:C6L	5.3	-6%	N/A
CN		China Southern Airlines Co Ltd SSE:600029	60.9	105%	0.6

				EBIT Growth	EV/EBIT to Growth
CA		Exchange Income Corp TSX:EIF	Average EV/EBIT: 35.8 16	12%	1.3
US		Delta Air Lines Inc NYSE:DAL	7.1	6%	1.2
US		United Airlines Holdings Inc NASDAQ:UAL	6.2	7%	0.9
IN		Interglobe Aviation Ltd NSE:INDIGO	22.6	7%	3.2
CH		Kinarus Therapeutics Holding AG SIX:KNRS	Negative Multiple: -1 404.9	N/A	N/A
IE	R	Ryanair Holdings PLC LSE:RYA	6.8	11%	0.6
UK		International Consolidated Airlines Group SA LSE:IAG	161.2	6%	26.9
US		Southwest Airlines Co NYSE:LUV	29.8	94%	0.3
CN		Air China Ltd SSE:601111	Negative Multiple: -172.4	N/A	N/A
SG		Singapore Airlines Ltd SGX:C6L	11.3	-17%	N/A
CN		China Southern Airlines Co Ltd SSE:600029	60.9	53%	1.1

	Exchange Income Corp TSX:EIF	58.18 CAD 0.47%
	Timbercreek Financial Corp TSX:TF	7.24 CAD 0.7%

52 Week Range	43.2513 59.27
Price Target

Exchange Income Corp TSX:EIF

Relative Value

Valuation Multiples

Multiples Across Competitors

EIF Competitors Multiples Exchange Income Corp Competitors

See Also

Company

Help

Tools

Stocks

Exchange Income Corp
TSX:EIF

EIF Competitors Multiples
Exchange Income Corp Competitors