TSE:NFI

New Flyer Industries Inc. (NFI.TO)

24.98
+0.12 (0.48%)
as of Aug 7, 2026, 8:00:00 pm Market Open.
448 watching
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Investor Insights
star iconAug 8, 2026, 12:00 am

This summary was created by AI, based on 5 opinions in the last 12 months.

New Flyer Industries Inc. (NFI-T) is emerging from a difficult period, with experts noting that the worst may be behind them as indications point towards an earnings inflection. Despite facing significant supply chain challenges and a recent battery recall, the company enjoys a solid backlog of orders and improved pricing power due to reduced competition in the sector. Some analysts view recent market conditions as an opportunity for investors to accumulate shares, emphasizing that while the business remains complex, it also provides essential services that are difficult to displace. There is cautious optimism regarding the reinstatement of dividends in the future, indicating a potential turnaround. Overall, experts are encouraging patience, as the company is poised for a stronger future performance once current issues are resolved.

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Consensus
Positive
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Valuation
Undervalued
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Similar
Ebus, EBUS
COMMENT
Been squeezed a bit because of lack of funding by municipalities. Still has a tremendous backlog. Profitable on a cash flow basis. Because of margins squeezes they are changing from an income deposit security to a common share. Once that is completed, there should be some strength built back into the stock.
COMMENT
Industry got tougher and margins got squeezed because of lack of funding. Company is changing from an income security deposit (half bond and half common stock) to just common stock. $1.17 that was part dividend distribution and part interest, will go to $0.58 of dividend only as a base and then supplements for the next 12 months.
DON'T BUY
Hasn't seen lows likes this since 2008. Four major declines in the downtrend and that is too many. 14.8% yield is probably not sustainable. Recent activity looks like it is very short-term.
HOLD
Announced they are going to switch to a corporation and, when they do so, will cut the dividend. This has caused a decline in the stock. They manufacture buses and their customers are cities and municipalities, which are not flush with cash at the moment.
PAST TOP PICK
(Top Pick May 19/10, Up 1.15%) In a tough industry. Good back orders on the books but shipments have been slow. Results last week were a little bit better than people expected. Talking about a recapitalization of the company. Investors took this as a cut in the distribution. It is transitioning from an income trust to a growth stock.
COMMENT
Management is intent on maintaining the dividend for the time being. If business doesn’t pick up significantly they may possibly have trouble maintaining this for more than a year or two. Has confidence in the management who have made a lot of improvement in manufacturing and inventory control. Potential to do very well if you are a longer term holder.
BUY
Major bus manufacturer in North America with a 47% market share. Because cities have been scrapped for cash, and haven’t been replacing buses, there should be a pent up demand but cash has been a problem for the cities. Likes the company but he has moved into more aggressive things.
BUY
Likes the bus business. Management has focused on fixing bottlenecks in the manufacturing area and margins should go up. Current bus fleets are getting older and need to be replaced. Has some very competitive products. Good yield.
BUY
A top 3 municipal bus manufacturer in North America. Difficult to make a call on future growth because it depends on different governments that are short of cash. However backlog looks very healthy.
BUY
Continues to like them. Just signed a big contract with the City of New York. The backlog is the largest he has ever seen it.
TOP PICK
Manufactures 40% of all the urban buses in North America. Very good cost structure and had a very good quarter. Buses need to be replaced and US has put up big subsidies to their cities and people are going green. Huge order backlog. 10.9% yield.
BUY
Very solid yield at about 11.5%. Payout ratio in the mid-to upper 70%s. Not an income trust but an income deposit security, which means part of the return, is in interest and part is in dividends so it won't be impacted at all by the tax changes. Order backlog has improved again and is now about 3 years.
BUY
Transit buses. About 11.5% yield. Still looking for growth in this trust because they have a backlog of about $3 billion, about 4 years of production.
HOLD
Worth holding on to this stock. Just got contracts. Budgets are tight in the US so this could delay some contracts for bus replacement in US cities. Shorter term there is some challenge, but medium to long term they will do just fine. Might way until it goes lower to get in.
TOP PICK
City transit buses across North America. Not actually a trust but an income deposit security. 12.25% yield. Stock dropped when they announced a slight decrease in their backlog order but it is still over 3 years long. Looking for slow, steady growth.
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