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Exchange Income Corporation (EIF-T) operates primarily in the aviation sector (80%) and manufacturing (20%), with a notable presence in the northern territories of Canada where it benefits from a niche market. Recent acquisitions, such as that of Spartan, are expected to drive growth despite some cyclical challenges in manufacturing and economic exposures. The company is recognized for its good dividend yield, currently around 5.7%, and a stable payout ratio of approximately 68%. Many experts see potential for dividend increases and maintain that the stock is relatively cheap at approximately 12-13x PE ratio for future earnings. However, some caution investors about the effects of turbulent market conditions, suggesting that better buying opportunities may arise in the future.
Business is 80% aviation, 20% manufacturing. Recent acquisition looks accretive. Trades ~12x, growing ~16%. Money's flowing into safer areas like this one. Good balance sheet. Payout ratio is 68%, will probably boost dividend in the next year or two. Real growth engine is from being in the north and having really good pricing power.
Only thing is, if we're in for rocky markets, you'll probably get a chance to buy cheaper.
Their transportation business in the far north is largely a monopoly. They've bought some fine companies and pay a good dividend, but leaves little cash. So when they buy a company, they do an equity issue. Some of their businesses are highly protected with a moat, good. But their industrial business carries economic/tariff risk. Dividend, valuation and management are all good. An income, not a growth stock.
Beat on aviation in Q3, raised 2025 guidance on the back of their latest acquisition of Spartan. Lumpy, not as steady a compounder as BIP.UN. Always kind of cheap, now 13x PE for 2026 and growing 17%. Nice dividend, which will probably be boosted; payout ratio is fine.
Not for everyone. Small cap that gets forgotten, so that's a good reason to own.
EPS of 80c missed estimates of 85c; Revenue of $660.5M missed estimates of $678.1M. EBITDA of $157M beat estimates of $152.8M. Revenue rose 5.3%. EBITDA rose 6.8%. Guidance was largely maintained. The manufacturing segment is seeing some customer wariness and less bookings. It is a cyclical segment and we would not really consider this a red flag to the company. The stock is cheap and the payout at 61% (up from 57%) remains OK.
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Nice little name that everyone forgets about. Aviation, industrial. Q1 strong, some manufacturing weakness. Reiterated full-year guidance. Nice organic growth. Nice dividend, low payout ratio, will probably increase dividend. Improving balance sheet. 14% growth, trading ~10x. Cheap, overlooked, some dividend growth. Can buy here.
Really well run, proven by its track record. He needs to get comfortable with the way the company does different deals in diversified businesses, leaving management teams in place. Underlying businesses are pretty solid. Sources pilots from First Nations communities. He doesn't yet fully understand the dynamics of northern aviation. Stock doesn't fall too often, and he's looking at it.
Still likes it. They guided for 2024, about 5% below analysts' estimates, due to changes in contracts in their medevac business coming on late. Doesn't bother him, though it effected shares. Likes their transparency and sees this as a buying opportunity. They just landed a contract with Air Canada in eastern Canada. RBC just added it to their conviction list.
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
In the last year, 8 stock analysts published opinions about EIF-T. 4 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.
Exchange Income was recommended as a Top Pick by on . Read the latest stock experts ratings for Exchange Income.
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.
8 stock analysts on Stockchase covered Exchange Income In the last year. It is a trending stock that is worth watching.
On 2025-04-17, Exchange Income (EIF-T) stock closed at a price of $48.84.
Extremely well managed. Trying to buy a company in Australia that does search & rescue there. Likes it, in his income fund. Profitable businesses that are protected, with opportunities to grow.