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TSE:FTT
Finning Int (FTT.TO)
Financials 
Technical Analysis 
Aug 23, 2026, 12:00 amThis summary was created by AI, based on 5 opinions in the last 12 months.
Finning International (FTT-T) has garnered mixed reviews from experts regarding its current valuation and performance outlook. As the largest Caterpillar dealer, it has seen a significant price movement, particularly reaching heights of $78. However, some analysts express skepticism about the stock's future, suggesting that it has outstripped its fair market value. The cyclical nature of the business adds to the uncertainty, especially amidst concerns about infrastructure and energy developments in Canada. Despite the stabilization and growth potential in equipment dealerships, many experts recommend waiting for a better entry point. Overall, while the market may be in a phase that supports industrials, the high valuation poses risks for investors at this stage.
Very good time to buy company. Good exposure to commodity cycle. Stock valuation very cheap. Has been buying shares recently. Strong financials with good balance sheet, and management team.
James TelfserFundamental analysis aligned with technical analysis. Very correlated to copper prices. Builds equipment for mining companies - commodity strength good for company. Excellent technical analysis.
Javed MirzaThe structural backdrop includes a lot of spending on construction and on US manufacturing facilities. Much better supply/demand for energy and materials than we've had in a decade. These are all customers of FTT.
If you look at the performance of CAT, FTT and TIH over the last year, all look very attractive. TIH does more construction, whereas FTT does more materials and so he'd lean more toward that one.
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Premium contentWith a five year average annual earnings growth of 23%, we reiterate FTT as a TOP PICK. Upcoming earnings will likely confirm continuation of this trend. It trades at 10x earnings, 2.3x book and supports a 22% ROE. We like that cash reserves are growing while debt and shares are bought back. The dividend is backed by a payout ratio under 30% of cash flow. We continue to recommend a stop at $34, looking to achieve $48 -- upside potential of 20%. Yield 2.4%
(Analysts’ price target is $48.22)
Industrials aren't too topical right now. Stock's been in a range for a couple of years, which is usually a positive sign. He'd be comfortable buying in the range, or if it spent more time above $36. Like tipping a Coke machine, sometimes it needs a couple of heaves to get it up through the price level.
Premium contentWe reiterate FTT, the world's largest Caterpillar heavy equipment distributor, as a TOP PICK. International infrastructure development is required and the company supplies the big toys to get it done. It trades at 10x earnings, 2.2x book and supports a 22% ROE. We like that cash reserves are growing, while debt is retired and shares bought back. We recommend trailing up the stop (from $29) to $34, looking to achieve $48 -- 25% potential upside. Yield 2.4%
(Analysts’ price target is $48.11)Premium contentFTT is the world's largest Caterpillar heavy equipment distributor. Recently reported earnings showed new equipment sales were up over 50%, with increases in all global regions. It has a $2.3 billion order backlog, trades at 9x earnings, 2x book and supports a 22% ROE. We like that cash reserves are growing, while debt is retired and shares bought back. We recommend placing a stop-loss at $29, looking to achieve $48 -- 37% potential upside. Yield 2.6%
(Analysts’ price target is $48.56)50% of revenues are in western Canada, plus Chile and the UK. Higher commodity prices offer this some momentum and pushed FTT to new highs this year. But this is a cyclical name, so careful. Yesterday, CAT shares fell on shrinking demand, so that's a canary in the coalmine for FTT. Profits are decent and so is the PE. Take profits,
Still likes it. They executed very well. Still cheap and have pricing power. Trades at 11x vs. Caterpillar's 14%. Problem is growth is limited. Buy around $36.
Greg Newman
Beat last quarter guidance.
Great backlog of projects.
Current share price cheap.
Does not think industrial activity will slow too much.
Great name to get exposure to large section of the economy.
China re-opening a tailwind.
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She'd rather own CAT, which she's been looking at. Go to the company that makes the machinery, rather than to the distributor.