| This report should not be construed as providing investment
advice. It is for educational purposes only.
Before making any investment decision, you should always do your own
research or consult a investment professional. |
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| While I try to
be accurate, I assume no responsibility for any figure in this spreadsheet. |
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| See my
website on stocks or see my blog at the following sites. |
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www.spbrunner.com/stocks.html |
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www.spbrunner.blogspot.com/ |
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| CI Financial |
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www.ci.com |
RSX: |
CIX-T |
Dt Chge |
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Fiscal Yr: |
Dec 31 |
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| Year |
5/31/99 |
5/31/00 |
5/31/01 |
5/31/02 |
5/31/03 |
5/31/04 |
5/31/05 |
5/31/06 |
12/31/07 |
12/31/08 |
12/31/09 |
12/31/10 |
12/31/11 |
12/30/12 |
12/30/13 |
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12/31/10 |
12/31/11 |
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| Accting Rules |
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C GAAP |
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| Split |
4 |
2 |
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| Revenue* |
$203.9 |
$451.6 |
$610.9 |
$512.3 |
$576.2 |
$844.7 |
$1,195.1 |
$1,323.4 |
$1,654.1 |
$1,511.9 |
$1,218.5 |
$1,378.4 |
$1,460.6 |
$1,542.7 |
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205.25% |
<-Total Growth |
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10 |
Revenue |
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| Increase |
17.36% |
121.45% |
35.29% |
-16.13% |
12.46% |
46.59% |
41.49% |
10.74% |
24.99% |
-8.60% |
-19.41% |
13.12% |
5.96% |
5.63% |
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11.81% |
<-IRR #YR-> |
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10 |
Revenue |
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| Rev per Share |
$1.41 |
$2.47 |
$3.38 |
$3.00 |
$2.45 |
$2.86 |
$4.17 |
$4.63 |
$5.88 |
$5.17 |
$4.18 |
$4.80 |
$5.10 |
$5.39 |
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2.89% |
<-IRR #YR-> |
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5 |
Revenue |
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| P/S (Price/Sales) |
3.42 |
5.06 |
4.13 |
3.95 |
4.86 |
5.75 |
4.23 |
6.70 |
4.78 |
2.81 |
5.27 |
4.69 |
4.14 |
3.82 |
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6.86% |
<-IRR #YR-> |
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10 |
Rev Per Share |
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| *Revenue in M
CDN $ |
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P/S |
10 yr |
4.73 |
5 yr |
4.78 |
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2.84% |
<-IRR #YR-> |
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5 |
Rev Per Share |
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-$451.6 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$1,378 |
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-$1,195.1 |
$0.0 |
$0.0 |
$0.0 |
$0.0 |
$1,378 |
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-$2.47 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$4.80 |
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-$4.17 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$4.80 |
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| pre-split |
$0.12 |
-$0.02 |
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| EPS* |
$0.06 |
-$0.01 |
$0.06 |
-$0.35 |
$0.31 |
$0.82 |
$0.97 |
$1.08 |
$2.21 |
$1.59 |
$1.01 |
$1.14 |
$1.30 |
$1.37 |
$1.51 |
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1800.00% |
<-Total Growth |
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9 |
Earnings |
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| Increase |
0.00% |
-116.67% |
-700.00% |
-683.33% |
-188.57% |
164.52% |
18.29% |
11.34% |
104.63% |
-28.05% |
-36.48% |
12.87% |
14.04% |
5.38% |
10.22% |
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38.70% |
<-IRR #YR-> |
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9 |
Earnings |
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| Earnings Yield |
1.2% |
-0.1% |
0.4% |
-3.0% |
2.6% |
5.0% |
5.5% |
3.5% |
7.9% |
11.0% |
4.6% |
5.1% |
6.2% |
6.7% |
7.3% |
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3.28% |
<-IRR #YR-> |
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5 |
Earnings |
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| * ESP per
share (Cdn GAAP) |
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E/P |
10 Yrs |
4.79% |
5Yrs |
5.07% |
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-$0.06 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$1.14 |
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-$0.97 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$1.14 |
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| Special Div |
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$0.00 |
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$0.04 |
$0.00 |
$0.00 |
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Dividends SP |
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| Div* |
$0.03 |
$0.03 |
$0.03 |
$0.06 |
$0.29 |
$0.41 |
$0.68 |
$0.70 |
$2.18 |
$2.07 |
$2.76 |
$0.75 |
$0.88 |
$0.90 |
$0.90 |
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2900.00% |
3420.00% |
<-Total Growth |
10 |
Dividends |
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| Increase |
25.00% |
0.00% |
0.00% |
140.00% |
383.33% |
39.66% |
66.67% |
3.70% |
211.07% |
-4.94% |
35.27% |
-73.21% |
17.33% |
2.27% |
0.00% |
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37.46% |
37.46% |
<-Median-> |
10 |
Dividends Tot |
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| Yield H/L Pr. |
0.67% |
0.30% |
0.18% |
0.52% |
2.93% |
2.92% |
4.03% |
2.80% |
7.99% |
10.43% |
16.58% |
3.72% |
4.11% |
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3.33% |
3.88% |
<-Median-> |
10 |
Dividends |
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| Yield on High Pr. |
0.50% |
0.20% |
0.16% |
0.41% |
2.44% |
2.46% |
3.75% |
2.14% |
7.13% |
7.40% |
12.55% |
3.33% |
3.69% |
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2.90% |
3.51% |
<-Median-> |
10 |
Dividends |
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| Yield on Low Pr. |
1.01% |
0.61% |
0.22% |
0.72% |
3.67% |
3.58% |
4.36% |
4.07% |
9.10% |
17.62% |
24.42% |
4.21% |
4.63% |
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4.14% |
4.29% |
<-Median-> |
10 |
Dividends |
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| Yield on Cl Pr. |
0.52% |
0.20% |
0.18% |
0.51% |
2.44% |
2.46% |
3.82% |
2.26% |
7.76% |
14.28% |
12.55% |
3.33% |
4.17% |
4.37% |
4.37% |
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2.90% |
3.58% |
<-Median-> |
10 |
Dividends |
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| Payout Ratio |
41.7% |
-250.0% |
41.7% |
-17.1% |
93.5% |
49.4% |
69.6% |
64.8% |
98.5% |
130.2% |
277.2% |
65.8% |
67.7% |
65.7% |
59.6% |
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67.69% |
68.64% |
<-Median-> |
10 |
DPR EPS |
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| Payout Ratio CF |
4.1% |
1.9% |
1.6% |
3.9% |
38.4% |
32.4% |
43.8% |
47.6% |
91.8% |
103.8% |
147.7% |
37.4% |
62.4% |
53.3% |
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41.12% |
45.72% |
<-Median-> |
10 |
DPR CF |
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| Payout Ratio CF NC |
4.0% |
2.0% |
1.5% |
4.6% |
27.8% |
32.4% |
49.6% |
45.4% |
92.4% |
102.6% |
163.5% |
42.8% |
62.4% |
53.3% |
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44.11% |
47.51% |
<-Median-> |
10 |
DPR CF NC |
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| Median Values |
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Div Yd |
5.06% |
5 |
5.87% |
10 |
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Yield |
7.99% |
7.76% |
Payout |
98.53% |
91.82% |
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90.61% |
89.57% |
<-IRR #YR-> |
10 |
Div Growth Tot |
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| * Dividends
per share |
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3.0% |
Years |
3.0% |
Years |
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Curr diff |
-45.34% |
Last Div Inc ---> |
$0.07 |
$0.08 |
7.1% |
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2.13% |
4.68% |
<-IRR #YR-> |
5 |
Div Growth Tot |
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-$0.03 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$2.07 |
$0.00 |
$0.00 |
$0.88 |
$0.90 |
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-$0.70 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.88 |
$0.90 |
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| H/LYield held 5 yrs |
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1.68% |
3.06% |
8.16% |
10.85% |
8.13% |
5.08% |
18.89% |
20.91% |
19.89% |
4.48% |
3.52% |
3.30% |
4.53% |
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8.15% |
<-Median-> |
10 |
Dividends |
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| H/LYield held 10 yrs |
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46.90% |
110.96% |
58.24% |
73.96% |
9.04% |
6.38% |
7.81% |
9.09% |
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52.57% |
<-Median-> |
6 |
Dividends |
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| H/LYield held 15 yrs |
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58.96% |
45.86% |
25.32% |
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58.96% |
<-Median-> |
1 |
Dividends |
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| Graham No. |
$1.09 |
$1.48 |
$1.41 |
$1.56 |
$4.34 |
$9.80 |
$10.59 |
$11.46 |
$16.01 |
$14.00 |
$11.20 |
$12.00 |
$13.00 |
$13.35 |
$14.01 |
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713.00% |
<-Total Growth |
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10 |
Graham Price |
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| Prem /Disc.Med H/L |
242.74% |
462.33% |
881.10% |
636.64% |
128.20% |
41.64% |
58.13% |
117.95% |
70.20% |
41.86% |
48.66% |
67.92% |
64.83% |
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69.06% |
<-Median-> |
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10 |
Graham Price |
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| Prem /Disc. High |
358.15% |
746.88% |
1038.34% |
839.58% |
174.30% |
67.83% |
70.08% |
185.86% |
90.85% |
99.76% |
96.42% |
87.50% |
83.37% |
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98.09% |
<-Median-> |
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10 |
Graham Price |
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| Prem /Disc. Low |
127.33% |
177.78% |
723.87% |
433.71% |
82.10% |
15.46% |
46.18% |
50.04% |
49.56% |
-16.05% |
0.89% |
48.33% |
46.29% |
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48.95% |
<-Median-> |
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10 |
Graham Price |
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| Prem /Disc. Cl |
344.37% |
746.88% |
892.49% |
657.42% |
174.30% |
67.83% |
66.68% |
170.68% |
75.36% |
3.60% |
96.42% |
87.50% |
62.29% |
54.35% |
47.02% |
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91.96% |
<-Median-> |
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10 |
Graham Price |
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| Price Cl |
$4.84 |
$12.50 |
$13.95 |
$11.85 |
$11.90 |
$16.44 |
$17.65 |
$31.03 |
$28.07 |
$14.50 |
$22.00 |
$22.50 |
$21.10 |
$20.60 |
$20.60 |
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80.00% |
51.25% |
<-Total Growth |
10 |
Stock Price |
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| Increase |
26.06% |
158.37% |
11.60% |
-15.05% |
0.42% |
38.15% |
7.36% |
75.81% |
-9.54% |
-48.34% |
51.72% |
2.27% |
-6.22% |
-2.37% |
0.00% |
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6.05% |
4.22% |
<-IRR #YR-> |
10 |
Stock Price |
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| P/E |
80.63 |
-1250.00 |
232.50 |
-33.86 |
38.39 |
20.05 |
18.20 |
28.73 |
12.70 |
9.12 |
21.78 |
19.74 |
16.23 |
15.04 |
13.64 |
|
4.98% |
-7.42% |
<-IRR #YR-> |
5 |
Stock Price |
|
|
|
|
|
|
|
|
|
|
|
|
| Trailing P/E |
80.63 |
208.33 |
-1395.00 |
197.50 |
-34.00 |
53.03 |
21.52 |
31.99 |
25.99 |
6.56 |
13.84 |
22.28 |
18.51 |
15.85 |
15.04 |
|
11.05% |
9.94% |
<-IRR #YR-> |
10 |
Price & Div Tot |
|
|
|
|
|
|
|
|
|
|
|
|
| Median 10, 5 Yrs |
|
D. per yr |
5.71% |
6.47% |
% Tot Ret |
57.49% |
-677.36% |
|
Price Inc |
-6.22% |
P/E: |
18.97 |
16.23 |
|
|
|
13.65% |
-0.95% |
<-IRR #YR-> |
5 |
Price & Div Tot |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$13.95 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$21.10 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$31.03 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$21.10 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$13.95 |
$0.06 |
$0.29 |
$0.41 |
$0.68 |
$0.70 |
$2.18 |
$2.07 |
$2.80 |
$0.75 |
$21.98 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$31.03 |
$2.18 |
$2.07 |
$2.80 |
$0.75 |
$21.98 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Price H/L Median |
$3.73 |
$8.30 |
$13.79 |
$11.53 |
$9.90 |
$13.88 |
$16.75 |
$24.99 |
$27.25 |
$19.86 |
$16.65 |
$20.15 |
$21.43 |
|
|
|
142.77% |
55.40% |
<-Total Growth |
10 |
Stock Price |
|
|
|
|
|
|
|
|
|
|
|
|
| Increase |
4.99% |
122.43% |
66.14% |
-16.42% |
-14.10% |
40.15% |
20.68% |
49.21% |
9.05% |
-27.12% |
-16.14% |
21.02% |
6.35% |
|
|
|
9.27% |
4.51% |
<-IRR #YR-> |
10 |
Stock Price |
|
|
|
|
|
|
|
|
|
|
|
|
| P/E |
62.19 |
-830.00 |
229.83 |
-32.93 |
31.94 |
16.92 |
17.26 |
23.13 |
12.33 |
12.49 |
16.49 |
17.68 |
16.48 |
|
|
|
3.77% |
-3.02% |
<-IRR #YR-> |
5 |
Stock Price |
|
|
|
|
|
|
|
|
|
|
|
|
| Trailing P/E |
62.19 |
138.33 |
-1379.00 |
192.08 |
-28.29 |
44.76 |
20.42 |
25.76 |
25.23 |
8.98 |
10.47 |
19.95 |
18.80 |
|
|
|
15.45% |
10.21% |
<-IRR #YR-> |
10 |
Price & Div Tot |
|
|
|
|
|
|
|
|
|
|
|
|
| Median 10, 5 Yrs |
|
D. per yr |
5.70% |
7.50% |
% Tot Ret |
55.84% |
167.48% |
|
Price Inc |
6.35% |
P/E: |
16.70 |
16.48 |
|
|
|
13.12% |
4.48% |
<-IRR #YR-> |
5 |
Price & Div Tot |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$13.79 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$21.43 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$24.99 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$21.43 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$13.79 |
$0.06 |
$0.29 |
$0.41 |
$0.68 |
$0.70 |
$2.18 |
$2.07 |
$2.80 |
$0.75 |
$22.31 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$24.99 |
$2.18 |
$2.07 |
$2.80 |
$0.75 |
$22.31 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Hi Mths |
Apr |
Mar |
Nov |
Jun |
May |
May |
Dec 04 |
Apr 06 |
May 07 |
Jan 08 |
Dec |
Dec |
May |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Price Hi |
$4.99 |
$12.50 |
$16.00 |
$14.70 |
$11.90 |
$16.44 |
$18.01 |
$32.77 |
$30.55 |
$27.96 |
$22.00 |
$22.50 |
$23.84 |
|
|
|
80.00% |
49.00% |
<-Total Growth |
10 |
Stock Price |
|
|
|
|
|
|
|
|
|
|
|
|
| Increase |
1.01% |
150.60% |
28.00% |
-8.13% |
-19.05% |
38.15% |
9.55% |
81.95% |
-6.77% |
-8.48% |
-21.32% |
2.27% |
5.96% |
|
|
|
6.05% |
4.07% |
<-IRR #YR-> |
10 |
Stock Price |
|
|
|
|
|
|
|
|
|
|
|
|
| P/E |
83.13 |
-1250.00 |
266.67 |
-42.00 |
38.39 |
20.05 |
18.57 |
30.34 |
13.82 |
17.58 |
21.78 |
19.74 |
18.34 |
|
|
|
4.55% |
-6.16% |
<-IRR #YR-> |
5 |
Stock Price |
|
|
|
|
|
|
|
|
|
|
|
|
| Trailing P/E |
83.13 |
208.33 |
-1600.00 |
245.00 |
-34.00 |
53.03 |
21.96 |
33.78 |
28.29 |
12.65 |
13.84 |
22.28 |
20.91 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Median 10, 5 Yrs |
|
|
|
|
|
|
|
|
Price Inc |
-6.77% |
P/E: |
19.15 |
18.34 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$16.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$23.84 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$32.77 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$23.84 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Low Mths |
Oct |
Aug |
Apr |
Oct |
Oct |
Jun |
Sep 04 |
Jun 05 |
Aug |
Nov 08 |
Feb |
Jun |
Aug |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Price Low |
$2.48 |
$4.10 |
$11.58 |
$8.35 |
$7.90 |
$11.31 |
$15.48 |
$17.20 |
$23.94 |
$11.75 |
$11.30 |
$17.80 |
$19.02 |
|
|
|
334.15% |
64.25% |
<-Total Growth |
10 |
Stock Price |
|
|
|
|
|
|
|
|
|
|
|
|
| Increase |
14.06% |
65.66% |
182.44% |
-27.89% |
-5.39% |
43.16% |
36.87% |
11.11% |
39.19% |
-50.92% |
-3.83% |
57.52% |
6.85% |
|
|
|
15.81% |
5.09% |
<-IRR #YR-> |
10 |
Stock Price |
|
|
|
|
|
|
|
|
|
|
|
|
| P/E |
41.25 |
-410.00 |
193.00 |
-23.86 |
25.48 |
13.79 |
15.96 |
15.93 |
10.83 |
7.39 |
11.19 |
15.61 |
14.63 |
|
|
|
2.83% |
2.03% |
<-IRR #YR-> |
5 |
Stock Price |
|
|
|
|
|
|
|
|
|
|
|
|
| Trailing P/E |
41.25 |
68.33 |
-1158.00 |
139.17 |
-22.57 |
36.48 |
18.88 |
17.73 |
22.17 |
5.32 |
7.11 |
17.62 |
16.68 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Median 10, 5 Yrs |
|
|
|
|
|
|
|
|
Price Inc |
6.85% |
P/E: |
14.21 |
11.19 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$11.58 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$19.02 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$17.20 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$19.02 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Market Cap |
$698 |
$2,285 |
$2,521 |
$2,024 |
$2,803 |
$4,853 |
$5,059 |
$8,865 |
$7,902 |
$4,241 |
$6,420 |
$6,467 |
$6,044 |
$5,900 |
$5,900 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Pre split |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Pre split |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Pre split |
72.11 |
91.41 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| # of Sh in M |
144.22 |
182.83 |
180.68 |
170.79 |
235.53 |
295.20 |
286.64 |
285.68 |
281.51 |
292.49 |
291.82 |
287.43 |
286.42 |
286.42 |
286.42 |
|
|
Share Capital |
|
|
Shares |
|
|
|
|
|
|
|
|
|
|
|
|
| Increase |
-2.21% |
26.77% |
-1.17% |
-5.48% |
37.91% |
25.34% |
-2.90% |
-0.34% |
-1.46% |
3.90% |
-0.23% |
-1.50% |
-0.35% |
0.00% |
|
|
5.41% |
<-Average |
|
10 |
Shares |
|
|
|
|
|
|
|
|
|
|
|
|
| CF fr Op $M |
$88.8 |
$241.2 |
$282.6 |
$262.3 |
$177.8 |
$369.5 |
$441.5 |
$420.0 |
$667.6 |
$583.3 |
$553.3 |
$576.7 |
$403.9 |
$484.1 |
|
|
|
|
|
|
Cash Flow |
|
|
|
|
|
|
|
|
|
|
|
|
| OPS |
$0.62 |
$1.32 |
$1.56 |
$1.54 |
$0.76 |
$1.25 |
$1.54 |
$1.47 |
$2.37 |
$1.99 |
$1.90 |
$2.01 |
$1.41 |
$1.69 |
|
|
52.06% |
<-Total Growth |
|
10 |
Cash Flow |
|
|
|
|
|
|
|
|
|
|
|
|
| P/O on Cl |
7.86 |
9.47 |
8.92 |
7.71 |
15.76 |
13.13 |
11.46 |
21.10 |
11.84 |
7.27 |
11.60 |
11.21 |
14.96 |
12.19 |
|
|
4.28% |
<-IRR #YR-> |
|
10 |
Cash Flow |
|
|
|
|
|
|
|
|
|
|
|
|
| Non-Cash CF |
$0.99 |
-$11.21 |
$9.38 |
-$39.52 |
$67.80 |
-$1.04 |
-$51.73 |
$20.72 |
-$4.31 |
$7.06 |
-$53.6 |
-$73.5 |
$0.0 |
$0.0 |
|
|
5.43% |
<-IRR #YR-> |
|
5 |
Cash Flow |
|
|
|
|
|
|
|
|
|
|
|
|
| OPS non-cash |
$0.62 |
$1.26 |
$1.62 |
$1.30 |
$1.04 |
$1.25 |
$1.36 |
$1.54 |
$2.36 |
$2.02 |
$1.71 |
$1.75 |
$1.41 |
$1.69 |
|
|
3.36% |
<-IRR #YR-> |
|
10 |
CF - non cash |
|
|
|
|
|
|
|
|
|
|
|
|
| Increase |
42.71% |
102.11% |
28.43% |
-19.25% |
-20.06% |
19.69% |
8.92% |
13.47% |
52.72% |
-14.34% |
-15.17% |
2.25% |
-19.46% |
19.86% |
|
|
5.18% |
<-IRR #YR-> |
|
5 |
CF - non cash |
|
|
|
|
|
|
|
|
|
|
|
|
| Median |
|
|
|
|
|
|
|
P/CF |
10 yr |
1.58 |
5 yr |
1.75 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| *Operational
Cash Flow per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$1.32 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$2.01 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$1.54 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$2.01 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-$1.26 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$1.75 |
|
|
|
|
|
|
|
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|
|
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|
|
|
|
-$1.36 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$1.75 |
|
|
|
|
|
|
|
|
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|
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|
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|
|
|
|
|
|
|
| OPM |
43.54% |
53.42% |
46.25% |
51.20% |
30.86% |
43.75% |
36.94% |
31.74% |
40.36% |
38.58% |
45.41% |
41.84% |
|
|
|
|
should be zero, it is a check on calculations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Diff from Ave |
7.0% |
31.3% |
13.7% |
25.8% |
-24.2% |
7.5% |
-9.2% |
-22.0% |
-0.8% |
-5.2% |
11.6% |
2.8% |
|
|
|
|
0.00% |
<-Average |
|
8 |
OPM |
|
|
|
|
|
|
|
|
|
|
|
|
| *Operational
Profit Margin (CF/Revenue) Ratio |
|
|
|
|
OPM |
10 Yrs |
40.69% |
5 Yrs |
39.58% |
|
|
|
|
|
|
|
|
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|
|
Q3 2011 |
|
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|
|
|
|
|
|
| Curr Assets |
$28.35 |
$26.05 |
$22.9 |
$62.50 |
$109.73 |
$275.10 |
$310.71 |
$337.82 |
$800.91 |
$736.21 |
$296.61 |
$454.76 |
$440.16 |
|
|
|
Liq ratio of 1.5 and up, best |
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
| Curr Liab. |
$16.97 |
$39.73 |
$30.2 |
$69.01 |
$97.24 |
$293.37 |
$335.16 |
$337.62 |
$1,017.56 |
$848.39 |
$353.13 |
$503.75 |
$388.85 |
|
|
|
0.91 |
<-Average |
|
10 |
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Liquidity |
1.67 |
0.66 |
0.76 |
0.91 |
1.13 |
0.94 |
0.93 |
1.00 |
0.79 |
0.87 |
0.84 |
0.90 |
1.13 |
|
|
|
0.88 |
<-Average |
|
5 |
Ratio |
|
|
|
|
|
|
|
|
|
|
|
|
| Liq. CF-Inv+Div |
1.23 |
0.59 |
0.99 |
0.93 |
1.43 |
0.54 |
0.83 |
0.99 |
0.61 |
0.69 |
0.41 |
0.78 |
1.41 |
|
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|
|
|
| Cur Portion LT Debt |
|
|
|
|
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|
|
|
|
8.06 |
102.75 |
99.85 |
|
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|
0.86 |
1.13 |
1.52 |
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|
|
| Assets |
$177.0 |
$532.3 |
$457.0 |
$290.7 |
$1,025.7 |
$2,493.8 |
$2,664.1 |
$2,824.8 |
$3,626.5 |
$3,594.5 |
$3,006.4 |
$3,265.3 |
$3,179.6 |
|
|
|
A/L ratio of 1.5 and up, best |
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
| Liab. |
$50.4 |
$237.3 |
$192.6 |
$230.8 |
$390.1 |
$958.5 |
$1,191.3 |
$1,279.9 |
$2,175.9 |
$1,992.8 |
$1,395.5 |
$1,651.6 |
$1,524.4 |
|
|
|
2.09 |
<-Average |
|
10 |
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Asset/Liability R. |
3.51 |
2.24 |
2.37 |
1.26 |
2.63 |
2.60 |
2.24 |
2.21 |
1.67 |
1.80 |
2.15 |
1.98 |
2.09 |
|
|
|
1.96 |
<-Average |
|
5 |
Ratio |
|
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|
|
| Book Value |
$127 |
$295 |
$264 |
$60 |
$636 |
$1,535 |
$1,473 |
$1,545 |
$1,451 |
$1,602 |
$1,611 |
$1,614 |
$1,655 |
|
|
|
446.91% |
<-Total Growth |
|
10 |
Book Value |
|
|
|
|
|
|
|
|
|
|
|
|
| BV per share |
$0.88 |
$1.61 |
$1.46 |
$0.35 |
$2.70 |
$5.20 |
$5.14 |
$5.41 |
$5.15 |
$5.48 |
$5.52 |
$5.61 |
$5.78 |
$5.78 |
$5.78 |
|
247.88% |
<-Total Growth |
|
10 |
Book Value |
|
|
|
|
|
|
|
|
|
|
|
|
| Change |
-7.61% |
83.80% |
-9.32% |
-76.02% |
668.93% |
92.74% |
-1.21% |
5.26% |
-4.71% |
6.27% |
0.81% |
1.70% |
2.94% |
0.00% |
0.00% |
|
0.8894 |
Current/Historical |
|
Book Value |
|
|
|
|
|
|
|
|
|
|
|
|
| P/BV (CL) |
5.51 |
7.75 |
9.53 |
33.77 |
4.41 |
3.16 |
3.44 |
5.74 |
5.45 |
2.65 |
3.99 |
4.01 |
3.65 |
3.56 |
3.56 |
|
13.28% |
<-IRR #YR-> |
|
10 |
Book Value |
|
|
|
|
|
|
|
|
|
|
|
|
| Change |
36.43% |
40.57% |
23.07% |
254.23% |
-86.94% |
-28.32% |
8.67% |
67.03% |
-5.06% |
-51.39% |
50.51% |
0.57% |
-8.90% |
-2.37% |
0.00% |
|
1.28% |
<-IRR #YR-> |
|
6 |
Book Value |
|
|
|
|
|
|
|
|
|
|
|
|
| Leverage (A/BK) |
1.40 |
1.80 |
1.73 |
4.85 |
1.61 |
1.62 |
1.81 |
1.83 |
2.50 |
2.24 |
1.87 |
2.02 |
1.92 |
|
|
|
1.85 |
<-Median-> |
|
10 |
A/BV |
|
|
|
|
|
|
|
|
|
|
|
|
| Debt/Equity Ratio |
0.40 |
0.80 |
0.73 |
3.85 |
0.61 |
0.62 |
0.81 |
0.83 |
1.50 |
1.24 |
0.87 |
1.02 |
0.92 |
|
|
|
0.85 |
<-Median-> |
|
10 |
Debt/Eq Ratio |
|
|
|
|
|
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|
|
|
|
|
|
| Sharerholders Equity (Assets less liabilities) |
|
|
|
|
|
|
|
P/BV |
10 yr Med |
4.21 |
5 yr Med |
4.01 |
|
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|
|
|
-$1.61 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$5.61 |
|
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|
|
-$5.20 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$5.61 |
|
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| ROE |
|
|
|
|
|
|
|
20.0% |
43.2% |
27.7% |
15.2% |
20.5% |
22.8% |
<-12 mths |
|
|
20.53% |
<-Median-> |
|
5 |
Compreh. Inc |
|
|
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|
|
|
|
|
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|
|
| Comprehensive Inc |
|
|
|
|
|
|
|
$309.04 |
$626.13 |
$443.88 |
$245.20 |
$331.23 |
$377.29 |
<-12 mths |
|
|
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|
|
|
Compreh. Inc |
|
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|
|
| ROE |
6.9% |
-0.7% |
4.3% |
-102.5% |
11.2% |
14.4% |
19.3% |
20.0% |
43.1% |
27.8% |
15.2% |
20.5% |
22.9% |
<-12 mths |
|
|
|
|
|
|
ROE |
|
|
|
|
|
|
|
|
|
|
|
|
| 5Yr Median |
|
6.9% |
6.1% |
4.3% |
4.3% |
4.3% |
11.2% |
14.4% |
19.3% |
20.0% |
20.0% |
20.5% |
22.9% |
<-12 mths |
|
|
|
|
|
|
ROE |
|
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|
|
| Net Income |
$8.75 |
-$2.09 |
$11.50 |
-$61.44 |
$70.99 |
$221.04 |
$284.7 |
$309.0 |
$625.1 |
$445.4 |
$244.8 |
$330.8 |
$378.7 |
<-12 mths |
|
|
2776.92% |
<-Total Growth |
|
9 |
Net Income |
|
|
|
|
|
|
|
|
|
|
|
|
| Oper C. F. |
$88.79 |
$241.23 |
$282.56 |
$262.34 |
$177.84 |
$369.54 |
$441.5 |
$420.0 |
$667.6 |
$583.3 |
$553.3 |
$576.7 |
|
|
|
|
|
C F Statement |
|
|
Oper C. F. |
|
|
|
|
|
|
|
|
|
|
|
|
| Invest. C. F |
-$118.61 |
-$308.76 |
-$173.53 |
-$173.47 |
-$81.51 |
-$578.13 |
-$235.8 |
-$156.2 |
-$328.6 |
-$200.0 |
-$30.2 |
-$313.9 |
|
|
|
|
|
C F Statement |
|
|
Invest. C. F |
|
|
|
|
|
|
|
|
|
|
|
|
| Total Accruals |
$38.57 |
$65.44 |
-$97.52 |
-$150.31 |
-$25.33 |
$429.63 |
$79.08 |
$45.20 |
$286.06 |
$62.03 |
-$278.20 |
$68.04 |
|
|
|
|
|
|
|
|
Accruals |
|
|
|
|
|
|
|
|
|
|
|
|
| Total Assets |
$177.01 |
$532.35 |
$457.00 |
$290.74 |
$1,025.65 |
$2,493.76 |
$2,664.07 |
$2,824.8 |
$3,626.5 |
$3,594.5 |
$3,006.4 |
$3,265.3 |
|
|
|
|
|
Balance Sheet |
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
| Accruals Ratio |
21.79% |
12.29% |
-21.34% |
-51.70% |
-2.47% |
17.23% |
2.97% |
1.60% |
7.89% |
1.73% |
-9.25% |
2.08% |
|
|
|
|
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|
|
|
Ratio |
|
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|
|
|
|
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|
|
| up/down/neutral |
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|
|
| Chge in Close |
26.06% |
158.37% |
11.60% |
-15.05% |
0.42% |
38.15% |
7.36% |
75.81% |
-9.54% |
-48.34% |
51.72% |
2.27% |
|
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|
|
| Any Predictions? |
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|
| Fin. C. F |
-$22.27 |
$61.96 |
-$112.58 |
-$126.73 |
-$97.60 |
$231.93 |
-$202.48 |
-$193.50 |
-$315.80 |
-$358.65 |
-$526.04 |
-$123.36 |
|
|
|
|
|
C F Statement |
|
|
Fin. C. F |
|
|
|
|
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|
|
|
| Total Accruals |
$60.84 |
$3.48 |
$15.05 |
-$23.58 |
$72.27 |
$197.70 |
$281.56 |
$238.70 |
$601.86 |
$420.68 |
$247.84 |
$191.40 |
|
|
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|
|
|
Accruals |
|
|
|
|
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|
|
|
|
|
| Accruals Ratio |
34.37% |
0.65% |
3.29% |
-8.11% |
7.05% |
7.93% |
10.57% |
8.45% |
16.60% |
11.70% |
8.24% |
5.86% |
|
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Ratio |
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|
| Jan 1,
2012. Last estimates I got for 2010
and 2011 were $1.12 and $1.30 for EPS and $1.19 and $1.67 for CF. Name change
from CI Funds Management to CI Financial. |
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|
| Sep 5,
2010. Last I looked I got estimates
for 2009 and 2010 of $.85 and $1.11 for earnings and $1.52 and $1.62 for CF.
On Jan 1, 2009, company changed from an Income Trust to a corporation. |
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| Oct 27,
2009. when I last looked at this stock
in May 2009, I got 2009 earnings of $.90 and cash flow of $1.21. |
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| May
2009. Note that company because a unit
trust in 2006 and then switched back to a corporation in January 2009. |
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| AP
2007. Note that there is a change in
the annual report date from a May date to a December date. Because there is not 12 month period to
December 2006 to cover, I used the 12 mth period to May 2006 and then
the |
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| 12 month
period to Dec 2007. There is no good
way to handle the change of annual report date. |
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| AP 2003,
2004. Stock has done very well in 2003 and 2004. You have to wonder if it will continue to
increase as much. The hugh increase
from 2001 may be over. |
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| How they make
their money. |
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| CI Financial
Corp. is a diversified wealth management firm and one of Canada’s largest
investment fund companies. CI is an Independent and Canadian-owned
company. This company promotes and
manages |
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| mutual funds
and other investment products through its wholly-owned subsidiaries of CI
Investments Inc., and Assante Wealth Management. |
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| CI became a
public company in June 1994. It was
then listed on the Toronto Stock Exchange. They because an Income Trust in
2006 and effective January 1, 2009, CI converted back to a corporation. |
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| This is a
widely held company. It was 37% owned
by Sun Life, but they sold their interest in this company in October 2008. |
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| For most
ratios, lower is better when looking for a good stock price. However, there are exceptions such as for
yield and asset/liability ratios and here you want a higher ratios to
indicate a good stock price. |
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| Also, for
the Operational Profit Margin, a higher percentage is better. With the OPM, you should only compare
companies in similar industries. |
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| Copyright ©
2008 Website of SPBrunner. All rights reserved. |
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| Bank of Nova
Scotia, The |
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104.62 |
36.53% |
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| Chang, G. Raymond |
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12.35 |
4.31% |
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| Institutions
- includes Bank of Nova Scotia? |
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187.89 |
65.60% |
Owned |
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0.19 |
0.10% |
sold |
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188.08 |
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total |
106.44% |
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