TOP PICK
Exchange Income
Aerospace parts and manufacturing. Assets mainly out West. Generates hundreds of millions of dollars in free cashflow every year. At a nice inflection point, where valuation doesn't fully reflect demonstrated free cashflow conversion from franchises. Really nice yield of 5.21%. (Analysts’ price target is $61.18)
Transportation & Environmental Services
HOLD
Exchange Income
Keeps getting better. Recent acquisition solidifies earnings profile. Trades reasonably at 10x 2023, modeling growth rate of 29%. Very attractive on price to growth, nice dividend with growth which is impressive. Not that liquid, so it can be whippy. Could have been a Top Pick today, but he didn't want to chase the run.
Transportation & Environmental Services
TOP PICK
Exchange Income
Cheap, with a catalyst. He expects a rebound in the areas they're in: aviation and manufacturing. Trades at 11x 2023 earnings, 23% EPS growth rate. Balance sheet OK, because of government assistance. Management is confident on 2022. Very nice dividend in this noisy market, comfortable payout ratio. Risk/reward looks good. Yield is 5.49%. (Analysts’ price target is $51.82)
Transportation & Environmental Services
BUY
Exchange Income

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Highly cyclical and have significant debts. Their air business has little to no competition. Fundamentals are looking good here. Valuation is a bit pricey at 16.3x forward earnings and 1.1x forward sales. The industry is recovering and growth is expected to resume. Dividend record is solid. Unlock Premium - Try 5i Free

Transportation & Environmental Services
BUY
Exchange Income
Investors buy it for income. It is a very diversified company. This is not a bad add-on company if your portfolio is indexed too closely to the TSX in general.
Transportation & Environmental Services
BUY
Exchange Income

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. There is no recent news to account for the recent weakness. The stock is still up 42% over the last 52-weeks. It will report November 11, and is expected to beat estimates like last quarter. Unlock Premium - Try 5i Free

Transportation & Environmental Services
BUY
Exchange Income

Does not think there is a risk of a dividend cut. Assets being held include aviation in remote northern communities, industrial businesses and they keep adding to it. It is a junior, private equity arm. An acquisitive player. Yield is competitive and it should grow. Good company, good management team with good operating strategy.

Transportation & Environmental Services
HOLD
Exchange Income
The dividend is safe. He doesn't say much about exchange companies. The best he can say is that this is a hold.
Transportation & Environmental Services
BUY
Exchange Income
It is a good cyclical play. Trading at a premium but the earnings will likely come up. A whippy stock. Much better outlook for manufacturing and aviation. Should not be a core position but it is a recovery play.
Transportation & Environmental Services
BUY
Exchange Income

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company beat estimates with EPS at 30 cents against 15 cents estimates. Revenues beat by 7% at $300.7M. Revenu fell 2% yoy but cash flow improved sharply. Payout ratio is down to 62%. Results look good. Unlock Premium - Try 5i Free

Transportation & Environmental Services
COMMENT
Exchange Income

A US company like EIF-T, and is it like Cargojet? No, not like Cargojet, and he can't compare EIF to an US company. But a Canadian comparable is Onex, a holding company that owns industrials and several small airlines that served remote regions (i.e. northern Quebec). All airlines are struggling now, but these remote areas still depend on airlines flying there. Onex also owns light industrials, like one they bought in the US recently. Well-managed and a roll-up story. Are astute acquirers. Also pays a juicy dividend.

Transportation & Environmental Services
HOLD
Exchange Income
Overall, pretty good company, not well known. Mid-cap, so it will get beat up when there's volatility. Resilient business. Dividend is safe. No need to sell.
Transportation & Environmental Services
DON'T BUY
Exchange Income
Take the money and run. Heavily levered company. 80% of their business is in airlines. You can but this cheaper for the coming 3-6 months. Trades at a high PE. A risky stock, but will be fine if/when we get a vaccine and people return to flying. Look at this in 6 months.
Transportation & Environmental Services
BUY
Exchange Income
They own air carriers and industrial businesses. The former is challenged, but the latter will weather this recession much better. They just announced a big acquisition of a company that installs glass in high-rises. They acquire well. The dividend is safe.
Transportation & Environmental Services
DON'T BUY
Exchange Income
The businesses under the same umbrella does not have much synergistic benefits. We do not know the real value of the underlying businesses. The true underlying payout ratio must be reviewed. He is unsure if there is sufficient cashflow to maintain these high dividends.
Transportation & Environmental Services
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Exchange Income(EIF-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Exchange Income is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Exchange Income(EIF-T) Frequently Asked Questions

What is Exchange Income stock symbol?

Exchange Income is a Canadian stock, trading under the symbol EIF-T on the Toronto Stock Exchange (EIF-CT). It is usually referred to as TSX:EIF or EIF-T

Is Exchange Income a buy or a sell?

In the last year, 1 stock analyst published opinions about EIF-T. 0 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Exchange Income.

Is Exchange Income a good investment or a top pick?

Exchange Income was recommended as a Top Pick by on . Read the latest stock experts ratings for Exchange Income.

Why is Exchange Income stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Exchange Income worth watching?

1 stock analyst on Stockchase covered Exchange Income In the last year. It is a trending stock that is worth watching.

What is Exchange Income stock price?

On 2023-03-21, Exchange Income (EIF-T) stock closed at a price of $52.84.