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Exchange Income Corp
TSX:EIF

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Exchange Income Corp
TSX:EIF
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Price: 102.7 CAD 0.44% Market Closed
Market Cap: CA$5.8B

P/B

3.2
Current
61%
More Expensive
vs 3-y average of 2

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
3.2
=
Market Cap
CA$5.9B
/
Total Equity
CA$1.8B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
3.2
=
Market Cap
CA$5.9B
/
Total Equity
CA$1.8B

Valuation Scenarios

Exchange Income Corp is trading above its 3-year average

If P/B returns to its 3-Year Average (2), the stock would be worth CA$63.81 (38% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-39%
Maximum Upside
No Upside Scenarios
Average Downside
28%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 3.2 CA$102.7
0%
3-Year Average 2 CA$63.81
-38%
5-Year Average 2 CA$62.15
-39%
Industry Average 2.7 CA$84.36
-18%
Country Average 2.7 CA$84.36
-18%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close

Market Distribution

In line with most companies in Canada
Percentile
57th
Based on 3 061 companies
57th percentile
3.2
Low
0 — 1.6
Typical Range
1.6 — 4.9
High
4.9 —
Distribution Statistics
Canada
Min 0
30th Percentile 1.6
Median 2.7
70th Percentile 4.9
Max 1 402.4

Exchange Income Corp
Glance View

Market Cap
5.8B CAD
Industry
Airlines

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.

EIF Intrinsic Value
72.34 CAD
Overvaluation 30%
Intrinsic Value
Price CA$102.7
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