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TSE:NFI

New Flyer Industries Inc. (NFI.TO)

22.69
-0.09 (0.40%)
as of Jun 19, 2026, 8:00:00 pm Market Open.
449 watching
0
Investor Insights
star iconJun 20, 2026, 12:00 am

This summary was created by AI, based on 6 opinions in the last 12 months.

New Flyer Industries Inc. (NFI-T) is currently viewed as a compelling investment opportunity, with experts noting a full order backlog and controlled supply chain issues. While the company has faced challenges such as battery recalls and supply shortages, these are viewed as transient problems. Analysts express confidence that stronger profitability is on the horizon as demand for their products grows. Additionally, the reduction in competition from peers that have exited the market has improved pricing power. Although the company does not offer a dividend currently, there is hope it may be reinstated in the coming years. Overall, investors are encouraged to be patient as the stock price is deemed lower than it should be, particularly in light of its essential service nature.

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Consensus
Positive
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Valuation
Undervalued
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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.
COMMENT
Leveraged to the bus industry. Because public transport is becoming more important, they should do quite well. Most of their customers are governments, which are subject to local politics and budgets. Should do reasonably well. Wouldn't want to hold it or a long-term.
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