TSE:FTT
Finning Int (FTT.TO)
Financials 
Technical Analysis 
Aug 3, 2026, 12:00 amThis summary was created by AI, based on 5 opinions in the last 12 months.
Finning Int (FTT-T) is recognized as the largest Caterpillar dealer, with a strong historical performance but currently facing valuation concerns from various analysts. Experts have highlighted its cyclical nature, expressing uncertainty about whether the market is anticipating the end of the cycle or merely reacting to a temporary fluctuation. Although there is a bullish outlook on industrials, which may favor the stock in the long term, several analysts suggest that it might be trading above its fair market value. Opinions are mixed; while some view it as a stable play in the equipment-dealing sector, the overall consensus leans towards caution, particularly with forecasted earnings trending flat. Observations about the Canadian market further complicate sentiment due to ongoing uncertainties in infrastructure and energy sectors.
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.