Exchange Income Corp
TSX:EIF
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EV/OCF
Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.
Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.
Valuation Scenarios
If EV/OCF returns to its 3-Year Average (12), the stock would be worth CA$100.66 (2% downside from current price).
| Scenario | EV/OCF Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 12.2 | CA$102.44 |
0%
|
| 3-Year Average | 12 | CA$100.66 |
-2%
|
| 5-Year Average | 11.7 | CA$97.88 |
-4%
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| Industry Average | 11.4 | CA$95.48 |
-7%
|
| Country Average | 11.9 | CA$100.12 |
-2%
|
Forward EV/OCF
Today’s price vs future operating cash flow
Peer Comparison
| Market Cap | EV/OCF | P/E | ||||
|---|---|---|---|---|---|---|
| CA |
|
Exchange Income Corp
TSX:EIF
|
5.7B CAD | 12.2 | 33.9 | |
| BR |
|
Gol Linhas Aereas Inteligentes SA
BOVESPA:GOLL4
|
11.7T BRL | 4 396.7 | -2.1 | |
| US |
|
Delta Air Lines Inc
NYSE:DAL
|
44.9B USD | 6.1 | 10 | |
| US |
|
United Airlines Holdings Inc
NASDAQ:UAL
|
29.6B USD | 3.9 | 8.1 | |
| CH |
|
Kinarus Therapeutics Holding AG
SIX:KNRS
|
19.5B CHF | -37 479.2 | -1 404.3 | |
| UK |
|
International Consolidated Airlines Group SA
LSE:IAG
|
17.9B GBP | 3.4 | 6 | |
| IE |
R
|
Ryanair Holdings PLC
LSE:RYA
|
15.4B EUR | 4.4 | 8 | |
| US |
|
Southwest Airlines Co
NYSE:LUV
|
18.5B USD | 35.4 | 22.7 | |
| IN |
|
Interglobe Aviation Ltd
NSE:INDIGO
|
1.8T INR | 7 | 54.3 | |
| CN |
|
Air China Ltd
SSE:601111
|
119.5B CNY | 7.2 | -67.5 | |
| SG |
|
Singapore Airlines Ltd
SGX:C6L
|
20B SGD | 5 | 8.8 |
Market Distribution
| Min | 0 |
| 30th Percentile | 7.9 |
| Median | 11.9 |
| 70th Percentile | 19.5 |
| Max | 22 577.3 |
Other Multiples
Exchange Income Corp
Glance View
Exchange Income Corp, headquartered in Winnipeg, Canada, operates a diversified portfolio encompassing several industry sectors, primarily aviation and manufacturing. The company was founded in 2002 and has gradually carved out a unique niche by acquiring and nurturing a diverse array of businesses, each operating independently while benefiting from shared efficiencies. The aviation division includes a range of regional airlines providing essential passenger and cargo services, particularly in challenging environments like Northern Canada, where larger carriers are less inclined to venture. This strategic focus on niche markets ensures a steady revenue stream, as these services are often critical and less prone to economic cycles. Complementing its aviation endeavors, the manufacturing segment offers an array of specialized products, from precision metal products to telecommunications infrastructure services. This diversification acts as a counterbalance to its aviation business, with revenues generated from long-term contracts and specialized product demand. By integrating these varied businesses under one corporate umbrella, Exchange Income Corp optimizes operational synergies, balances cyclical market risks, and sustains a robust flow of income. The company’s success hinges on its keen ability to recognize and integrate acquisitions that align strategically with its existing operations, thus generating shareholder value and ensuring consistent dividend payments. Through this astute business model, Exchange Income Corp not only thrives in its core sectors but also capitalizes on emerging opportunities within its chosen domains.