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. Estimates Estimates Estimates
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Q2 2024
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Great-West Lifeco Inc TSX: GWO OTC: GWLIF https://www.greatwestlifeco.com/ Fiscal Yr: Dec 31
Year 12/31/12 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 12/31/26 12/31/27 Value Description #Y Item Total G
Accounting Rules IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS Accounting Rules
Split Dates
Splits Splits
$1,114,071 <-12 mths 7.18%
Assets Under Management $364,158 $511,119 $572,980 $652,415 $659,127 $698,792 $709,353 $771,715 $951,433 $1,007,643 $1,033,189 $1,095,374 $1,039,405 81.40% <-Total Growth 10 Assets Under Mge From Td
Increase 0.00% 40.36% 12.10% 13.86% 1.03% 6.02% 1.51% 8.79% 23.29% 5.91% 2.54% 6.02% -5.11% 6.14% <-IRR #YR-> 10 Assets Under Mge 81.40%
5 year Running Average $492,966 $551,960 $618,887 $658,533 $698,280 $758,084 $827,787 $894,667 $971,871 $1,025,409 6.14% <-IRR #YR-> 5 Assets Under Mge 34.69%
AUM per Share $0.03 $0.03 $0.03 $0.03 $0.04 $0.04 $0.03 $0.04 $0.03 $0.04 $0.03 $0.05 $0.05 7.66% <-IRR #YR-> 6 5 year Running Average 51.75%
Assets Under Management in Millions AUM per Sh 10 yr  $0.04 5 yr  $0.04 $0.04 7.99% <-IRR #YR-> 5 5 year Running Average 42.58%
$3,612,554 <-12 mths 10.60%
Assets Under Admin $545,771 $758,258 $1,063,333 $1,212,517 $1,248,418 $1,349,913 $1,398,873 $1,629,681 $1,975,847 $2,279,574 $2,497,712 $2,852,540 $3,266,298 207.18% <-Total Growth 10 Assets Under Mge From Td
Increase 8.73% 38.93% 40.23% 14.03% 2.96% 8.13% 3.63% 16.50% 21.24% 15.37% 9.57% 14.21% 14.50% 11.88% <-IRR #YR-> 10 Assets Under Mge 207.18%
5 year Running Average $816,369 $965,659 $1,126,488 $1,254,611 $1,367,880 $1,520,546 $1,726,778 $1,956,337 $2,247,071 $2,574,394 14.92% <-IRR #YR-> 5 Assets Under Mge 100.43%
Price /AUM Ratio 0.000045 0.000043 0.000032 0.000028 0.000028 0.000026 0.000020 0.000020 0.000015 0.000017 0.000013 0.000015 0.000015 12.73% <-IRR #YR-> 6 5 year Running Average -53.80%
Assets Under Admint in Millions P/AUM 10 yr  0.00 5 yr  0.00 0.00 13.48% <-IRR #YR-> 5 5 year Running Average -28.49%
Group Life & Heath Book Premiums $31,762 $70,978
Total Net Premiums $18,820 $20,236 $21,222 $24,501 $31,125 $33,902 $35,461 $24,510 $43,019 $52,813 $52,821 $31,762 $70,978 $70,871 <-12 mths 234.45% <-Total Growth 10 Group Life & Health Bk Prem From Q for 2024
Investment Income. $5,653 $5,604 $6,010 $6,271 $6,252 $6,141 $6,358 $6,161 $5,963 $6,393 $8,146 $15,353 $9,683 $9,588 <-12 mths 61.11% <-Total Growth 10 Investment Income.
Fee and other Income $2,945 $3,585 $4,422 $5,058 $5,101 $5,608 $5,819 $7,081 $5,902 $7,294 $7,598 $5,874 $7,224 $7,617 <-12 mths 63.36% <-Total Growth 10 Fee and other Income
Total   $27,418 $29,425 $31,654 $35,830 $42,478 $45,651 $47,638 $37,752 $54,884 $66,500 $68,565 $52,989 $87,885 $88,076 <-12 mths 177.64% <-Total Growth 10 Total  
Change 6.54% 7.32% 7.58% 13.19% 18.55% 7.47% 4.35% -20.75% 45.38% 21.16% 3.11% -22.72% 65.86% 0.22% 10.33% <-Median-> 10 Change
$45,071 <-12 mths 13.25%
Net Sales Mkt Scn $44,698 $60,583 $64,417 $44,662 $41,629
Revenue* $30,061 $26,446 $39,181 $33,820 $46,381 $47,008 $44,032 $44,698 $60,583 $64,417 $44,662 $41,629 $39,797 $38,495 $39,545 $40,829 1.57% <-Total Growth 10 Revenue
Increase 0.55% -12.03% 48.15% -13.68% 37.14% 1.35% -6.33% 1.51% 35.54% 6.33% -30.67% -6.79% -4.40% -3.27% 2.73% 3.25% 0.16% <-IRR #YR-> 10 Revenue 1.57%
5 year Running Average $30,886 $29,389 $31,117 $31,881 $35,178 $38,567 $42,084 $43,188 $48,540 $52,148 $51,678 $51,198 $50,218 $45,800 $40,826 $40,059 -2.30% <-IRR #YR-> 5 Revenue -10.96%
Revenue per Share $31.62 $26.46 $39.31 $34.05 $47.02 $47.54 $44.58 $48.20 $65.29 $69.22 $47.93 $44.65 $42.70 $41.63 $42.76 $44.15 4.90% <-IRR #YR-> 10 5 yr Running Average 61.38%
Increase 0.46% -16.32% 48.56% -13.39% 38.11% 1.11% -6.24% 8.13% 35.45% 6.01% -30.76% -6.85% -4.37% -2.50% 2.73% 3.25% 3.06% <-IRR #YR-> 5 5 yr Running Average 16.28%
5 year Running Average $32.60 $30.70 $32.10 $32.58 $35.69 $38.88 $42.50 $44.28 $50.53 $54.97 $55.04 $55.06 $53.96 $49.22 $43.93 $43.18 0.83% <-IRR #YR-> 10 Revenue per Share 8.61%
P/S (Price/Sales) Med 0.71 1.09 0.80 1.01 0.72 0.75 0.70 0.64 0.42 0.50 0.73 0.85 1.05 1.24 0.00 0.00 -2.40% <-IRR #YR-> 5 Revenue per Share -11.43%
P/S (Price/Sales) Close 0.77 1.24 0.85 1.01 0.75 0.74 0.63 0.69 0.46 0.55 0.65 0.98 1.12 1.30 1.27 1.23 5.33% <-IRR #YR-> 10 5 yr Running Average 68.09%
*Total Revenue in M CDN $  P/S Med 20 yr  0.75 15 yr  0.75 10 yr  0.73 5 yr  0.73 78.98% Diff M/C 4.03% <-IRR #YR-> 5 5 yr Running Average 21.86%
-$39,181 $0 $0 $0 $0 $0 $0 $0 $0 $0 $39,797
-$44,698 $0 $0 $0 $0 $39,797
-$31,117 $0 $0 $0 $0 $0 $0 $0 $0 $0 $50,218
-$43,188 $0 $0 $0 $0 $50,218
-$39.31 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $42.70
-$48.20 $0.00 $0.00 $0.00 $0.00 $42.70
-$32.10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $53.96
-$44.28 $0.00 $0.00 $0.00 $0.00 $53.96
$4,355 <-12 mths 3.89%
$4.67 <-12 mths 4.24%
Adjusted Profit CDN$ $2,208 $2,498 $2,761 $3,011 $2,685 $2,647 $3,017 $2,704 $2,669 $3,260 $3,219 $3,667 $4,192 51.83% <-Total Growth 10 Adjusted Profit CDN$
Basic $1.90 $2.34 $2.55 $2.77 $2.71 $2.68 $3.05 $2.86 $2.88 $3.51 $3.46 $3.94 $4.50 76.54% <-Total Growth 10 AEPS WebBroker
AEPS* Dilued $1.89 $2.30 $2.55 $2.77 $2.71 $2.67 $3.05 $2.86 $2.88 $3.50 $3.45 $3.93 $4.48 $4.76 $5.10 $5.49 75.96% <-Total Growth 10 AEPS Estimates
Increase -10.51% 21.53% 10.84% 8.72% -2.18% -1.32% 14.16% -6.34% 0.74% 21.68% -1.43% 13.79% 14.05% 6.25% 7.14% 7.65% 10 0 10 Years of Data, EPS P or N 100.00%
5 year Running Average $1.80 $1.95 $2.12 $2.32 $2.44 $2.60 $2.75 $2.81 $2.83 $2.99 $3.15 $3.32 $3.65 $4.02 $4.34 $4.75 5.81% <-IRR #YR-> 10 AEPS 75.96%
AEPS Yield 7.76% 7.01% 7.58% 8.02% 7.70% 7.61% 10.82% 8.59% 9.48% 9.23% 11.03% 8.96% 9.40% 8.78% 9.41% 10.13% 9.41% <-IRR #YR-> 5 AEPS 56.81%
Payout Ratio 65.08% 53.55% 48.31% 47.11% 51.12% 54.94% 51.01% 57.82% 60.88% 51.51% 56.78% 52.95% 49.55% 51.26% 47.84% 44.44% 5.59% <-IRR #YR-> 10 5 yr Running Average 72.22%
5 year Running Average 68.52% 63.77% 59.12% 54.46% 53.03% 51.01% 50.50% 52.40% 55.15% 55.23% 55.60% 55.99% 54.33% 52.41% 51.68% 49.21% 5.35% <-IRR #YR-> 5 5 yr Running Average 29.78%
Price/AEPS Median 11.86 12.53 12.34 12.43 12.58 13.30 10.26 10.81 9.46 9.82 10.14 9.61 10.00 10.81 0.00 0.00 10.20 <-Median-> 10 Price/AEPS Median
Price/AEPS High 13.23 14.51 13.30 13.55 13.68 14.13 11.64 11.97 12.27 11.31 11.98 11.19 11.34 12.07 0.00 0.00 11.97 <-Median-> 10 Price/AEPS High
Price/AEPS Low 10.49 10.54 11.37 11.31 11.49 12.47 8.88 9.66 6.66 8.34 8.30 8.02 8.67 9.55 0.00 0.00 8.78 <-Median-> 10 Price/AEPS Low
Price/AEPS Close 12.88 14.26 13.19 12.47 12.99 13.14 9.24 11.64 10.55 10.84 9.07 11.17 10.64 11.39 10.63 9.87 11.00 <-Median-> 10 Price/AEPS Close
Trailing P/AEPS Close 11.53 17.33 14.62 13.56 12.71 12.96 10.55 10.90 10.62 13.19 8.94 12.71 12.14 12.10 11.39 10.63 12.42 <-Median-> 10 Trailing P/AEPS Close
Median Values Historical   in order 12.29 13.30 10.49 12.88 P/AEPS 5 Yrs   in order 9.82 11.34 8.30 10.64 15.92% Diff M/C DPR 75% to 95% best
* Base EPS, Base Earnings
-$2.55 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.48
-$2.86 $0.00 $0.00 $0.00 $0.00 $4.48
-$2.12 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.65
-$2.81 $0.00 $0.00 $0.00 $0.00 $3.65
pre-split 04
$4.00 <-12 mths -6.98%
EPS Basic Continuing Operations $2.34 $2.55 $2.77 $2.67 $2.17 $3.00 $2.49 $3.17 $3.37 $3.89 $3.07 $4.30 68.69% <-Total Growth 10 EPS Basic Continuing Operations
EPS Diluted* $2.30 $2.55 $2.77 $2.66 $2.17 $2.99 $2.49 $3.17 $3.36 $3.89 $3.07 $4.29 68.50% <-Total Growth 10 EPS Diluted*
$3.99 <-12 mths -5.23%
EPS Basic $1.90 $2.34 $2.55 $2.77 $2.67 $2.17 $3.00 $2.49 $3.17 $3.37 $3.46 $2.94 $4.23 65.95% <-Total Growth 10 EPS Basic
pre-split 04
EPS Diluted* $1.89 $2.30 $2.55 $2.77 $2.66 $2.17 $2.99 $2.49 $3.17 $3.36 $3.45 $2.93 $4.21 $4.11 $1.79 $5.01 65.36% <-Total Growth 10 EPS Diluted
Increase -10.51% 21.53% 10.84% 8.72% -3.79% -18.51% 37.97% -16.73% 27.28% 5.89% 2.68% -15.07% 43.69% -2.30% -56.50% 179.88% 10 0 10 Years of Data, EPS P or N
Earnings Yield 7.8% 7.0% 7.6% 8.0% 7.6% 6.2% 10.6% 7.5% 10.5% 8.9% 11.0% 6.7% 8.8% 7.6% 3.3% 9.2% 5.16% <-IRR #YR-> 10 Earnings 65.36%
5 year Running Average $1.80 $1.95 $2.12 $2.32 $2.43 $2.49 $2.63 $2.62 $2.70 $2.84 $3.09 $3.08 $3.42 $3.61 $3.30 $3.61 11.05% <-IRR #YR-> 5 Earnings 68.87%
10 year Running Average $1.86 $1.94 $2.02 $2.10 $2.16 $2.15 $2.29 $2.37 $2.51 $2.64 $2.79 $2.85 $3.02 $3.16 $3.07 $3.35 4.92% <-IRR #YR-> 10 5 yr Running Average 61.68%
* Diluted ESP per share  E/P 10 Yrs 8.42% 5Yrs 8.85% 5.52% <-IRR #YR-> 5 5 yr Running Average 30.83%
-$2.55 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.21
-$2.49 $0.00 $0.00 $0.00 $0.00 $4.21
-$2.12 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.42
-$2.62 $0.00 $0.00 $0.00 $0.00 $3.42
Dividend* $2.44 $2.57 $2.55 Dividend*
Increase 9.82% 5.58% -0.82% Increase
Payout Ratio EPS 59.28% 143.88% 50.99% Estimates Payout Ratio EPS
Special Dividends $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends
pre-split 96
pre-split 98
pre-split 04
Dividend* $1.230 $1.230 $1.230 $1.304 $1.384 $1.468 $1.556 $1.652 $1.7520 $1.8040 $1.9600 $2.0800 $2.2200 $2.4400 $2.4400 $2.4400 80.49% <-Total Growth 10 Dividends
Increase 0.00% 0.00% 0.00% 6.02% 6.13% 6.07% 5.99% 6.17% 6.05% 2.97% 8.65% 6.12% 6.73% 9.91% 0.00% 0.00% 26 0 36 Years of data, Count P, N
Average Increases 5 Year Running 3.14% 0.50% 0.00% 1.20% 2.43% 3.64% 4.84% 6.08% 6.08% 5.45% 5.97% 5.99% 6.10% 6.88% 6.28% 4.55% 5.71% <-Median-> 10 Average Incr 5 Year Running
Dividends 5 Yr Running $1.22 $1.23 $1.23 $1.24 $1.28 $1.32 $1.39 $1.47 $1.56 $1.65 $1.74 $1.85 $1.96 $2.10 $2.23 $2.32 59.61% <-Total Growth 10 Dividends 5 Yr Running
Yield H/L Price 5.49% 4.28% 3.92% 3.79% 4.06% 4.13% 4.97% 5.35% 6.43% 5.24% 5.60% 5.51% 4.95% 4.74% 5.11% <-Median-> 10 Yield H/L Price Item
Yield on High  Price 4.92% 3.69% 3.63% 3.48% 3.74% 3.89% 4.38% 4.83% 4.96% 4.56% 4.74% 4.73% 4.37% 4.25% 4.47% <-Median-> 10 Yield on High  Price EPS
Yield on Low Price 6.21% 5.08% 4.25% 4.16% 4.45% 4.41% 5.74% 5.99% 9.14% 6.18% 6.84% 6.60% 5.72% 5.37% 5.86% <-Median-> 10 Yield on Low Price AEPS
Yield on Close Price 5.05% 3.76% 3.66% 3.78% 3.94% 4.18% 5.52% 4.97% 5.77% 4.75% 6.26% 4.74% 4.66% 4.50% 4.50% 4.50% 4.75% <-Median-> 10 Yield on Close Price CFPS
Payout Ratio EPS 65.08% 53.55% 48.31% 47.11% 51.97% 67.65% 51.97% 66.27% 55.22% 53.69% 56.81% 70.99% 52.73% 59.32% 136.39% 48.73% 54.45% <-Median-> 10 DPR EPS FCF 
DPR EPS 5 Yr Running 67.85% 62.99% 58.07% 53.60% 52.43% 53.17% 52.83% 56.27% 57.90% 58.01% 56.39% 60.03% 57.33% 58.15% 67.55% 64.38% 56.33% <-Median-> 10 DPR EPS 5 Yr Running
Payout Ratio CFPS 24.76% 24.46% 22.52% 25.28% 21.83% 21.48% 23.67% 25.07% 16.92% 16.18% 25.92% 37.28% 43.55% 52.71% #VALUE! #DIV/0! 24.37% <-Median-> 10 DPR CF
DPR CF 5 Yr Running 25.02% 24.22% 23.06% 24.20% 23.66% 22.95% 22.86% 23.38% 21.29% 19.84% 20.66% 22.43% 24.70% 30.88% #VALUE! #DIV/0! 22.91% <-Median-> 10 DPR CF 5 Yr Running
Payout Ratio CFPS WC 45.39% 44.20% 36.17% 23.63% -247.76% 114.83% 21.74% -37.68% -61.88% 28.22% 6.60% -54.25% 65.80% 52.71% #VALUE! #DIV/0! 14.17% <-Median-> 10 DPR CF WC
DPR CF WC 5 Yr Running 49.99% 72.29% 45.30% 36.07% 46.04% 53.27% 41.34% 81.75% 1184.67% 108.15% 24.21% 36.94% 29.93% 26.09% #VALUE! #DIV/0! 43.69% <-Median-> 10 DPR CF WC 5 Yr Running
Median Values 10 Yr Med 10 Yr Cl 5.11% 4.75% 5 Yr Med 5 Yr Cl 5.51% 4.75% 5 Yr Med Payout 55.22% 25.92% 6.60% 6.09% <-IRR #YR-> 5 Dividends 34.38%
* Dividends per share  10 Yr Med and Cur. -11.86% -5.17% 5 Yr Med and Cur. -18.33% -5.27% Last Div Inc ---> $0.555 $0.610 9.91% 6.08% <-IRR #YR-> 10 Dividends 80.49%
Dividends Growth 15 4.02% <-IRR #YR-> 15 Dividends 80.49%
Dividends Growth 20 6.06% <-IRR #YR-> 20 Dividends 224.09%
Dividends Growth 25 8.87% <-IRR #YR-> 25 Dividends 737.74%
Dividends Growth 30 10.89% <-IRR #YR-> 30 Dividends 2120.00%
Dividends Growth 35 10.74% <-IRR #YR-> 35 Dividends
Dividends Growth 40 10.43% <-IRR #YR-> 36 Dividends
Dividends Growth 5 -$1.65 $0.00 $0.00 $0.00 $0.00 $2.22 Dividends Growth 5
Dividends Growth 10 -$1.23 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.22 Dividends Growth 10
Dividends Growth 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.22 Dividends Growth 15
Dividends Growth 20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.22 Dividends Growth 20
Dividends Growth 25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.22 Dividends Growth 25
Dividends Growth 30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.22 Dividends Growth 30
Dividends Growth 35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.22 Dividends Growth 35
Dividends Growth 40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.22 Dividends Growth 40
Historical Dividends Historical High Div 6.90% Low Div 1.87% 10 Yr High 8.91% 10 Yr Low 3.50% Med Div 3.81% Close Div 3.66% Historical Dividends
High/Ave/Median Values Curr diff Exp. -34.76%     140.74% Exp. -49.47% 28.62% Cheap 18.16% Cheap 22.94% High/Ave/Median 
Future Dividend Yield Div Yield 6.05% earning in 5 Years at IRR of 6.09% Div Inc. 34.38% Future Dividend Yield Div Pd
Future Dividend Yield Div Yield 8.13% earning in 10 Years at IRR of 6.09% Div Inc. 80.59% Future Dividend Yield $3.28
Future Dividend Yield Div Yield 10.92% earning in 15 Years at IRR of 6.09% Div Inc. 142.68% Future Dividend Yield $4.41
$5.92
Future Dividend Paid Div Paid $3.28 earning in 5 Years at IRR of 6.09% Div Inc. 34.38% Future Dividend Paid
Future Dividend Paid Div Paid $4.41 earning in 10 Years at IRR of 6.09% Div Inc. 80.59% Future Dividend Paid
Future Dividend Paid Div Paid $5.92 earning in 15 Years at IRR of 6.09% Div Inc. 142.68% Future Dividend Paid
Dividend Covering Cost Total Div $13.78 over 5 Years at IRR of 6.09% Div Cov. 104.56% Dividend Covering Cost
Dividend Covering Cost Total Div $29.02 over 10 Years at IRR of 6.09% Div Cov. 220.19% Dividend Covering Cost
Dividend Covering Cost Total Div $49.49 over 15 Years at IRR of 6.09% Div Cov. 375.58% Dividend Covering Cost
Yield if held 5 years - High 3.29% 3.49% 4.57% 4.47% 4.98% 5.87% 4.67% 4.88% 4.67% 4.87% 5.19% 5.86% 6.49% 6.91% 6.16% 5.90% 4.93% <-Median-> 10 Paid High Price Year
Yield if held 10 years - High 7.37% 5.87% 4.61% 4.27% 4.02% 3.93% 4.41% 6.14% 6.01% 6.50% 7.84% 6.24% 6.55% 6.50% 6.59% 6.47% 6.07% <-Median-> 10 Paid High Price 2017
Yield if held 15 years - High 12.62% 9.07% 8.20% 7.05% 7.10% 8.80% 7.43% 6.19% 5.73% 5.25% 5.25% 5.89% 8.25% 8.36% 8.79% 9.76% 6.62% <-Median-> 10 Paid High Price 2012
Yield if held 20 years - High 65.04% 42.71% 38.56% 36.27% 24.20% 15.06% 11.47% 11.01% 9.47% 9.25% 11.75% 9.93% 8.32% 7.99% 7.10% 6.53% 11.24% <-Median-> 10 Paid High Price 2007
Yield if held 25 years - High 72.89% 57.88% 60.48% 67.10% 77.62% 54.03% 51.79% 48.73% 31.54% 20.10% 15.33% 14.80% 13.19% 12.51% 14.63% 50.26% <-Median-> 10 Paid High Price 2002
Yield if held 30 years - High 92.21% 77.74% 81.25% 87.47% 103.64% 72.22% 69.59% 67.87% 42.66% 25.03% 81.25% <-Median-> 7 Paid High Price 1997
Yield if held 35 years - High 123.26% 104.47% 113.16% 118.30% 129.02% 113.86% <-Median-> 2 Paid High Price 1992
Yield if held 5 years - Low 3.78% 6.31% 8.01% 5.50% 7.19% 7.41% 6.43% 5.71% 5.60% 5.80% 5.88% 7.68% 8.05% 12.73% 8.36% 8.51% 6.16% <-Median-> 10 Paid Low Price
Yield if held 10 years - Low 7.56% 7.00% 5.53% 4.87% 5.08% 4.52% 7.98% 10.76% 7.38% 9.37% 9.89% 8.60% 7.67% 7.79% 7.84% 7.32% 7.83% <-Median-> 10 Paid Low Price
Yield if held 15 years - Low 24.65% 14.69% 13.52% 15.56% 8.94% 9.03% 8.85% 7.42% 6.54% 6.62% 6.03% 10.67% 14.46% 10.28% 12.68% 12.31% 8.90% <-Median-> 10 Paid Low Price
Yield if held 20 years - Low 75.69% 67.96% 51.14% 48.21% 38.50% 29.42% 18.58% 18.15% 20.91% 11.65% 12.05% 11.83% 9.98% 9.10% 8.95% 7.51% 18.37% <-Median-> 10 Paid Low Price
Yield if held 25 years - Low 85.57% 82.00% 149.03% 93.36% 90.34% 85.97% 68.69% 64.77% 50.18% 39.28% 24.84% 24.40% 29.12% 15.76% 15.01% 66.73% <-Median-> 10 Paid Low Price
Yield if held 30 years - Low 108.24% 110.13% 200.23% 121.69% 120.62% 114.92% 92.31% 90.20% 67.87% 48.90% 114.92% <-Median-> 7 Paid Low Price
Yield if held 35 years - Low 144.70% 148.00% 278.86% 164.59% 150.15% 146.35% <-Median-> 2 Paid High Price
Yield if held 5 years 3.52% 4.49% 5.82% 4.93% 5.89% 6.55% 5.41% 5.26% 5.09% 5.29% 5.52% 6.64% 7.19% 8.96% 7.09% 6.97% 5.46% <-Median-> 10 Paid Median Price
Yield if held 10 years 7.47% 6.38% 5.03% 4.55% 4.49% 4.20% 5.68% 7.82% 6.62% 7.67% 8.75% 7.23% 7.07% 7.09% 7.16% 6.87% 6.85% <-Median-> 10 Paid Median Price
Yield if held 15 years 16.69% 11.21% 10.21% 9.70% 7.91% 8.91% 8.08% 6.75% 6.11% 5.85% 5.61% 7.59% 10.51% 9.22% 10.38% 10.89% 7.75% <-Median-> 10 Paid Median Price
Yield if held 20 years 69.96% 52.45% 43.97% 41.40% 29.72% 19.92% 14.18% 13.71% 13.04% 10.31% 11.90% 10.80% 9.08% 8.51% 7.92% 6.99% 13.37% <-Median-> 10 Paid Median Price
Yield if held 25 years 78.72% 67.86% 86.04% 78.08% 83.50% 66.35% 59.05% 55.62% 38.73% 26.59% 18.96% 18.42% 18.15% 13.95% 14.81% 57.34% <-Median-> 10 Paid Median Price
Yield if held 30 years 99.58% 91.14% 115.60% 101.78% 111.48% 88.70% 79.36% 77.46% 52.39% 33.11% 99.58% <-Median-> 6 Paid Median Price
Yield if held 35 years 133.12% 122.48% 160.99% 137.66% 138.78% 127.80% <-Median-> 2 Paid High Price
Cost covered if held 5 years - High 16.38% 17.43% 22.86% 21.34% 22.97% 26.46% 20.82% 21.74% 20.82% 22.23% 23.12% 26.04% 28.70% 29.76% 28.13% 28.10% 22.60% <-Median-> 10 Paid High Price Year
Cost covered if held 10 years - High 60.94% 51.71% 42.66% 38.86% 35.85% 34.09% 37.10% 50.24% 48.12% 52.61% 61.36% 48.56% 50.72% 48.82% 52.31% 53.91% 48.34% <-Median-> 10 Paid High Price 2017
Cost coveedr if held 15 years - High 121.41% 94.71% 92.08% 79.95% 80.95% 100.61% 84.84% 70.27% 64.43% 59.78% 57.44% 63.30% 86.73% 84.13% 92.73% 107.84% 75.11% <-Median-> 10 Paid High Price 2012
Cost covered if held 20 years - High 10.87% 8.72% 6.94% 5.41% 4.17% 3.35% 145.89% 2.35% 122.18% 123.17% 152.91% 128.99% 107.08% 98.81% 92.18% 88.54% 114.63% <-Median-> 10 Paid High Price 2007
Cost covered if held 25 years - High 825.63% 710.59% 757.87% 856.39% 1008.25% 713.96% 693.23% 660.53% 444.10% 278.74% 214.06% 206.62% 178.96% 180.29% 222.57% 676.88% <-Median-> 10 Paid High Price 2002
Cost covered if held 30 years - High 1237.01% 1057.13% 1120.16% 1255.52% 1469.53% 1035.07% 1000.94% 952.71% 638.85% 397.92% 1120.16% <-Median-> 7 Paid Low Price 1997
Cost covered if held 35 years - High 1785.04% 1519.06% 1607.30% 1795.64% 2083.94% 1652.05% <-Median-> 2 Paid Low Price 1992
Cost covered if held 5 years - Low 18.83% 31.55% 40.07% 26.23% 33.13% 33.38% 28.69% 25.44% 24.95% 26.46% 26.18% 34.13% 35.58% 54.82% 38.15% 40.54% 27.57% <-Median-> 10 Paid Low Price
Cost covered if held 10 years - Low 62.52% 61.62% 51.13% 44.30% 45.24% 39.19% 67.17% 88.04% 59.15% 75.90% 77.40% 66.90% 59.34% 58.50% 62.27% 61.06% 63.12% <-Median-> 10 Paid Low Price
Cost coveedr if held 15 years - Low 237.22% 153.40% 151.79% 176.51% 101.97% 103.20% 101.11% 84.23% 73.45% 75.45% 66.03% 114.62% 151.99% 103.41% 133.77% 136.02% 101.54% <-Median-> 10 Paid Low Price
Cost covered if held 20 years - Low 766.31% 752.49% 613.31% 589.06% 477.62% 369.81% 236.29% 232.71% 269.73% 155.15% 156.86% 153.71% 128.35% 112.64% 116.33% 101.78% 234.50% <-Median-> 10 Paid Low Price
Cost covered if held 25 years - Low 969.22% 1006.67% 1867.60% 1191.43% 1173.45% 1136.02% 919.50% 877.86% 706.61% 544.64% 346.72% 340.58% 395.08% 227.12% 228.32% 898.68% <-Median-> 10 Paid Low Price
Cost covered if held 30 years - Low 1452.14% 1497.60% 2760.40% 1746.71% 1710.31% 1646.96% 1327.65% 1266.17% 1016.48% 777.51% 1646.96% <-Median-> 7 Paid Low Price
Cost covered if held 35 years - Low 2095.48% 2152.00% 3960.86% 2498.15% 2425.38% 2123.74% <-Median-> 2 Paid Low Price
Cost covered if held 5 years 17.52% 22.45% 29.11% 23.53% 27.13% 29.52% 24.13% 23.44% 22.70% 24.16% 24.55% 29.54% 31.77% 38.58% 32.38% 33.20% 24.36% <-Median-> 10 Paid Median Price
Cost covered if held 10 years 61.72% 56.23% 46.51% 41.40% 40.00% 36.46% 47.80% 63.97% 53.07% 62.14% 68.45% 56.27% 54.70% 53.22% 56.86% 57.26% 53.88% <-Median-> 10 Paid Median Price
Cost coveedr if held 15 years 160.62% 117.11% 114.63% 110.06% 90.25% 101.89% 92.26% 76.62% 68.64% 66.71% 61.44% 81.56% 110.44% 92.78% 109.53% 120.30% 85.91% <-Median-> 10 Paid Median Price
Cost covered if held 20 years 708.28% 580.81% 527.26% 505.84% 368.66% 250.39% 180.40% 175.74% 168.18% 137.32% 154.86% 140.27% 116.75% 105.27% 102.86% 94.70% 171.96% <-Median-> 10 Paid Median Price
Cost covered if held 25 years 891.68% 833.10% 1078.20% 996.50% 1084.59% 876.84% 790.49% 753.84% 545.41% 368.76% 264.70% 257.20% 246.34% 201.01% 225.41% 772.17% <-Median-> 10 Paid Median Price
Cost covered if held 30 years 1335.97% 1239.39% 1593.63% 1460.93% 1580.80% 1271.22% 1141.38% 1087.30% 784.59% 526.42% 1335.97% <-Median-> 7 Paid Median Price
Cost covered if held 35 years 1927.84% 1780.97% 2286.68% 2089.42% 2241.73% 1854.40% <-Median-> 2 Paid Median Price
Yr  Item Tot. Growth
Revenue Growth  $44,698 $60,583 $64,417 $44,662 $41,629 $39,797 $45,071 <-12 mths 13.25% -10.96% <-Total Growth 5 Revenue Growth  -10.96%
AEPS Growth $2.86 $2.88 $3.50 $3.45 $3.93 $4.48 $4.67 <-12 mths 4.24% 56.81% <-Total Growth 5 AEPS Growth 56.81%
Net Income Growth $2,359 $2,943 $3,128 $3,219 $2,738 $3,940 $3,729 <-12 mths -5.36% 67.02% <-Total Growth 5 Net Income Growth 67.02%
Cash Flow Growth $6,110 $9,610 $10,373 $7,047 $5,203 $4,751 $4,281 <-12 mths -9.89% -22.24% <-Total Growth 5 Cash Flow Growth -22.24%
Dividend Growth $1.65 $1.75 $1.80 $1.96 $2.08 $2.22 $2.44 <-12 mths 9.91% 34.38% <-Total Growth 5 Dividend Growth 34.38%
Stock Price Growth $33.26 $30.35 $37.96 $31.30 $43.86 $47.67 $54.20 <-12 mths 13.70% 43.33% <-Total Growth 5 Stock Price Growth 43.33%
Revenue Growth  $39,181 $33,820 $46,381 $47,008 $44,032 $44,698 $60,583 $64,417 $44,662 $41,629 $39,797 $38,495 <-this year -3.27% 1.57% <-Total Growth 10 Revenue Growth  1.57%
AEPS Growth $2.55 $2.77 $2.71 $2.67 $3.05 $2.86 $2.88 $3.50 $3.45 $3.93 $4.48 $4.76 <-this year 6.25% 75.96% <-Total Growth 10 AEPS Growth 75.96%
Net Income Growth $2,546 $2,762 $2,326 $1,990 $2,847 $2,359 $2,943 $3,128 $3,219 $2,738 $3,940 $3,562 <-this year -9.59% 54.75% <-Total Growth 10 Net Income Growth 54.75%
Cash Flow Growth $5,443 $5,123 $6,254 $6,757 $6,494 $6,110 $9,610 $10,373 $7,047 $5,203 $4,751 $4,281 <-this year -9.89% -12.71% <-Total Growth 10 Cash Flow Growth -12.71%
Dividend Growth $1.23 $1.30 $1.38 $1.47 $1.56 $1.65 $1.75 $1.80 $1.96 $2.08 $2.22 $2.44 <-this year 9.82% 80.49% <-Total Growth 10 Dividend Growth 80.49%
Stock Price Growth $33.59 $34.53 $35.17 $35.10 $28.18 $33.26 $30.35 $37.96 $31.30 $43.86 $47.67 $44.09 <-this year -7.51% 41.92% <-Total Growth 10 Stock Price Growth 41.92%
Dividends on Shares $445.26 $445.26 $445.26 $472.05 $501.01 $531.42 $563.27 $598.02 $634.22 $653.05 $709.52 $752.96 $803.64 $883.28 $883.28 $883.28 $11,558.66 No of Years 30 Total Divs 12/31/94
Paid  $8,814.70 $11,855.50 $12,159.58 $12,499.86 $12,731.54 $12,706.20 $10,201.16 $12,040.12 $10,986.70 $13,741.52 $11,330.60 $15,877.32 $17,256.54 $19,620.40 $19,620.40 $19,620.40 $17,256.54 No of Years 30 Worth $2.77
Total $28,815.20 Total Return
Dividends on Shares $46.74 $46.74 $46.74 $49.55 $52.59 $55.78 $59.13 $62.78 $66.58 $68.55 $74.48 $79.04 $84.36 $92.72 $92.72 $92.72 $886.54 No of Years 15 Total Divs 12/31/09
Paid  $925.30 $1,244.50 $1,276.42 $1,312.14 $1,336.46 $1,333.80 $1,070.84 $1,263.88 $1,153.30 $1,442.48 $1,189.40 $1,666.68 $1,811.46 $2,059.60 $2,059.60 $2,059.60 $1,811.46 No of Years 15 Worth $26.88
Total $2,698.00 Total Return
Dividends on Shares $39.12 $41.52 $44.04 $46.68 $49.56 $52.56 $54.12 $58.80 $62.40 $66.60 $73.20 $73.20 $73.20 $515.40 No of Years 10 Total Divs 12/31/14
Paid  $1,007.70 $1,035.90 $1,055.10 $1,053.00 $845.40 $997.80 $910.50 $1,138.80 $939.00 $1,315.80 $1,430.10 $1,626.00 $1,626.00 $1,626.00 $1,430.10 No of Years 10 Worth $33.59
Total $1,945.50 Total Return
Graham No. AEPS $23.68 $28.15 $31.02 $35.36 $34.69 $34.77 $38.93 $37.20 $38.57 $42.63 $43.99 $44.44 $50.46 $55.74 $57.69 $59.86 62.66% <-Total Growth 10 Graham Price AEPS
Price/GP Ratio Med 0.95 1.02 1.01 0.97 0.98 1.02 0.80 0.83 0.71 0.81 0.80 0.85 0.89 0.92 0.84 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 1.06 1.18 1.09 1.06 1.07 1.09 0.91 0.92 0.92 0.93 0.94 0.99 1.01 1.03 0.96 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 0.84 0.86 0.93 0.89 0.90 0.96 0.70 0.74 0.50 0.68 0.65 0.71 0.77 0.82 0.73 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 1.03 1.16 1.08 0.98 1.01 1.01 0.72 0.89 0.79 0.89 0.71 0.99 0.94 0.97 0.94 0.91 0.92 <-Median-> 10 Price/GP Ratio
Prem/Disc Close 2.84% 16.34% 8.29% -2.34% 1.38% 0.94% -27.61% -10.59% -21.31% -10.96% -28.85% -1.31% -5.52% -2.76% -6.05% -9.45% -8.06% <-Median-> 10 Graham Price
Graham No. EPS $23.68 $28.15 $31.02 $35.36 $34.41 $31.34 $38.57 $34.75 $40.50 $41.76 $43.98 $38.38 $48.91 $51.81 $34.17 $57.16 57.69% <-Total Growth 10 Graham Price EPS
Price/GP Ratio Med 0.95 1.02 1.01 0.97 0.99 1.13 0.81 0.89 0.67 0.82 0.80 0.98 0.92 0.99 0.90 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 1.06 1.18 1.09 1.06 1.08 1.20 0.92 0.98 0.87 0.95 0.94 1.15 1.04 1.11 1.01 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 0.84 0.86 0.93 0.89 0.90 1.06 0.70 0.79 0.47 0.70 0.65 0.82 0.79 0.88 0.79 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 1.03 1.16 1.08 0.98 1.02 1.12 0.73 0.96 0.75 0.91 0.71 1.14 0.97 1.05 1.59 0.95 0.97 <-Median-> 10 Price/GP Ratio
Prem/Disc Close 2.84% 16.34% 8.29% -2.34% 2.22% 12.01% -26.93% -4.29% -25.06% -9.10% -28.83% 14.27% -2.54% 4.61% 58.62% -5.19% -3.41% <-Median-> 10 Graham Price
pre-split 04
Price Close CDN$ $24.35 $32.75 $33.59 $34.53 $35.17 $35.10 $28.18 $33.26 $30.35 $37.96 $31.30 $43.86 $47.67 $54.20 $54.20 $54.20 41.92% <-Total Growth 10 Stock Price
Increase 19.36% 34.50% 2.56% 2.80% 1.85% -0.20% -19.72% 18.03% -8.75% 25.07% -17.54% 40.13% 8.69% 13.70% 0.00% 0.00% 12.58 <-Median-> 10 CAPE (10 Yr P/E)
P/E 12.88 14.26 13.19 12.47 13.21 16.18 9.41 13.34 9.57 11.30 9.07 14.97 11.32 13.18 30.30 10.82 7.46% <-IRR #YR-> 5 Stock Price 43.33%
Trailing P/E 11.53 17.33 14.62 13.56 12.71 13.18 12.99 11.11 12.17 11.96 9.32 12.71 16.27 12.87 13.18 30.30 3.56% <-IRR #YR-> 10 Stock Price 41.92%
CAPE (10 Yr P/E) 14.43 14.33 14.13 13.76 13.45 13.50 12.98 12.83 12.26 12.34 11.90 12.03 11.83 11.95 12.91 12.39 12.56% <-IRR #YR-> 5 Price & Dividend 72.84%
Median 10, 5 Yrs D.  per yr 4.29% 5.10% % Tot Ret 54.60% 40.58% T P/E 12.71 12.17 P/E:  11.90 11.30 14.40% Diff M/C 7.85% <-IRR #YR-> 10 Price & Dividend 93.06%
Price 15 D.  per yr 4.32% % Tot Ret 52.60% CAPE Diff 4.72% 3.89% <-IRR #YR-> 15 Stock Price 77.34%
Price  20 D.  per yr 3.90% % Tot Ret 56.73% 2.98% <-IRR #YR-> 20 Stock Price 79.75%
Price  25 D.  per yr 5.01% % Tot Ret 45.40% 6.03% <-IRR #YR-> 25 Stock Price 332.18%
Price  30 D.  per yr 7.81% % Tot Ret 43.97% 9.95% <-IRR #YR-> 30 Stock Price 1620.94%
Price  35 D.  per yr 5.86% % Tot Ret 38.67% 9.29% <-IRR #YR-> 35 Stock Price
Price  40 D.  per yr 6.56% % Tot Ret 39.39% 10.08% <-IRR #YR-> 36 Stock Price
Price & Dividend 15 8.21% <-IRR #YR-> 15 Price & Dividend 164.14%
Price & Dividend 20 6.88% <-IRR #YR-> 20 Price & Dividend 187.43%
Price & Dividend 25 11.04% <-IRR #YR-> 25 Price & Dividend 613.17%
Price & Dividend 30 17.76% <-IRR #YR-> 30 Price & Dividend 2978.52%
Price & Dividend 35 15.14% <-IRR #YR-> 35 Price & Dividend
Price & Dividend 40 16.64% <-IRR #YR-> 36 Price & Dividend
Price  5 -$33.26 $0.00 $0.00 $0.00 $0.00 $47.67 Price  5
Price 10 -$33.59 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $47.67 Price 10
Price & Dividend 5 -$33.26 $1.75 $1.80 $1.96 $2.08 $49.89 Price & Dividend 5
Price & Dividend 10 -$33.59 $1.30 $1.38 $1.47 $1.56 $1.65 $1.75 $1.80 $1.96 $2.08 $49.89 Price & Dividend 10
Price 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $47.67 Price 15
Price  20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $47.67 Price  20
Price  25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $47.67 Price  25
Price  30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $47.67 Price  30
Price  35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $47.67 Price  35
Price  40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $47.67 Price  40
Price & Dividend 15 $1.23 $1.23 $1.23 $1.30 $1.38 $1.47 $1.56 $1.65 $1.75 $1.80 $1.96 $2.08 $49.89 Price & Dividend 15
Price & Dividend 20 $1.23 $1.23 $1.23 $1.30 $1.38 $1.47 $1.56 $1.65 $1.75 $1.80 $1.96 $2.08 $49.89 Price & Dividend 20
Price & Dividend 25 $1.23 $1.23 $1.23 $1.30 $1.38 $1.47 $1.56 $1.65 $1.75 $1.80 $1.96 $2.08 $49.89 Price & Dividend 25
Price & Dividend 30 $1.23 $1.23 $1.23 $1.30 $1.38 $1.47 $1.56 $1.65 $1.75 $1.80 $1.96 $2.08 $49.89 Price & Dividend 30
Price & Dividend 35 $1.23 $1.23 $1.23 $1.30 $1.38 $1.47 $1.56 $1.65 $1.75 $1.80 $1.96 $2.08 $49.89 Price & Dividend 35
Price & Dividend 40 $1.23 $1.23 $1.23 $1.30 $1.38 $1.47 $1.56 $1.65 $1.75 $1.80 $1.96 $2.08 $49.89 Price & Dividend 40
Price H/L Median $22.41 $28.77 $31.41 $34.42 $34.07 $35.53 $31.31 $30.90 $27.23 $34.40 $35.01 $37.74 $44.82 $51.47 42.68% <-Total Growth 10 Stock Price
Increase -4.68% 28.38% 9.18% 9.57% -1.00% 4.29% -11.89% -1.31% -11.86% 26.33% 1.76% 7.80% 18.76% 14.85% 3.62% <-IRR #YR-> 10 Stock Price 42.68%
P/E 11.86 12.53 12.34 12.43 12.79 16.37 10.46 12.39 8.58 10.24 10.15 12.88 10.64 12.51 7.72% <-IRR #YR-> 5 Stock Price 45.06%
Trailing P/E 10.61 15.22 13.67 13.52 12.31 13.34 14.43 10.32 10.92 10.84 10.42 10.94 15.30 12.23 8.19% <-IRR #YR-> 10 Price & Dividend
P/E on Run. 5 yr Ave 12.42 14.73 14.83 14.82 14.00 14.28 11.91 11.80 10.09 12.12 11.31 12.25 13.09 14.25 13.19% <-IRR #YR-> 5 Price & Dividend
P/E on Run. 10 yr Ave 12.07 14.82 15.57 16.38 15.79 16.55 13.67 13.05 10.85 13.05 12.54 13.22 14.83 16.31 12.39 P/E Ratio Historical Median
Median 10, 5 Yrs D.  per yr 4.57% 5.46% % Tot Ret 55.81% 41.43% T P/E 11.62 10.92 P/E:  11.52 10.24 Count 36 Years of data
-$31.41 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $44.82
-$30.90 $0.00 $0.00 $0.00 $0.00 $44.82
-$31.41 $1.30 $1.38 $1.47 $1.56 $1.65 $1.75 $1.80 $1.96 $2.08 $47.04
-$30.90 $1.75 $1.80 $1.96 $2.08 $47.04
High Months Apr Nov Nov Jun Apr Mar Jan Apr Feb Aug Feb Dec Nov Apr
pre-split 96
pre-split 98
pre-split 04
Price High $25.00 $33.34 $33.87 $37.52 $37.03 $37.74 $35.51 $34.20 $35.30 $39.60 $41.35 $43.95 $50.79 $57.47 49.96% <-Total Growth 10 Stock Price
Increase -9.97% 33.36% 1.59% 10.78% -1.31% 1.92% -5.91% -3.69% 3.22% 12.18% 4.42% 6.29% 15.56% 13.15% 4.13% <-IRR #YR-> 10 Stock Price 49.96%
P/E 13.23 14.51 13.30 13.55 13.91 17.39 11.86 13.72 11.13 11.79 11.99 15.00 12.06 13.97 8.23% <-IRR #YR-> 5 Stock Price 48.51%
Trailing P/E 11.84 17.64 14.75 14.74 13.38 14.17 16.36 11.42 14.16 12.48 12.31 12.74 17.33 13.65 13.72 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 13.77 12.74 P/E:  12.81 11.99 16.98 P/E Ratio Historical High
-$33.87 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $50.79
-$34.20 $0.00 $0.00 $0.00 $0.00 $50.79
Low Months Jun Jan May Jan Aug May Dec Aug Mar Jan Oct Jan Jun Jan
Price Low $19.82 $24.20 $28.95 $31.31 $31.11 $33.32 $27.10 $27.59 $19.16 $29.20 $28.66 $31.52 $38.84 $45.47 34.16% <-Total Growth 10 Stock Price
Increase 2.96% 22.10% 19.63% 8.15% -0.64% 7.10% -18.67% 1.81% -30.55% 52.40% -1.85% 9.98% 23.22% 17.07% 2.98% <-IRR #YR-> 10 Stock Price 34.16%
P/E 10.49 10.54 11.37 11.31 11.68 15.35 9.05 11.07 6.04 8.69 8.31 10.76 9.23 11.06 7.08% <-IRR #YR-> 5 Stock Price 40.78%
Trailing P/E 9.38 12.80 12.60 12.30 11.24 12.51 12.49 9.22 7.69 9.20 8.53 9.14 13.26 10.80 10.54 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 10.23 9.14 P/E:  9.99 8.69 8.26 P/E Ratio Historical Low
-$28.95 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $38.84
-$27.59 $0.00 $0.00 $0.00 $0.00 $38.84
Free Cash Flow MS $5,000 $5,120 -$770 $950 $6,640 -$4,300 -$2,990 $5,600 $27,080 $7,240 $5,590 11.80% <-Total Growth 10 Free Cash Flow MS
Change -115.04% 223.38% 598.95% -164.76% 30.47% 287.29% 383.57% -73.26% -22.79% 30.47% <-Median-> 9 Change
Free Cash Flow Mkt Sc $2,487 $3,052 $3,633 Free Cash Flow Mkt Sc only estimates showing
Change 22.72% 19.04% Change
Free Cash Flow WSJ $6,110 $9,610 $10,373 $3,772 $5,203 $4,751
Change 57.28% 7.94% -63.64% 37.94% -8.69%
$4,281 <-12 mths -9.89%
Free Cash Flow MS to WSJ $5,000 $5,000 $5,000 $5,123 $6,254 $6,757 $6,490 $6,110 $9,610 $10,370 $3,772 $5,203 $4,751 -4.98% <-Total Growth 10 Free Cash Flow
Change 0.00% 0.00% 0.00% 2.46% 22.08% 8.04% -3.95% -5.86% 57.28% 7.91% -63.63% 37.94% -8.69% -4.91% <-IRR #YR-> 5 Free Cash Flow MS -22.24%
FCF/CF from Op Ratio 1.06 0.99 0.92 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.54 1.00 1.00 -0.51% <-IRR #YR-> 10 Free Cash Flow MS -4.98%
Dividends paid $1,168 $1,200 $1,228 $1,298 $1,369 $1,453 $1,538 $1,559 $1,626 $1,677 $1,826 $1,937 $2,069 68.49% <-Total Growth 10 Dividends paid
Percentage paid 25.34% 21.89% 21.50% 23.70% 25.52% 16.92% 16.17% 48.41% 37.23% 43.55% $0.25 <-Median-> 10 Percentage paid
5 Year Coverage 23.48% 21.42% 19.96% 22.63% 24.60% 27.10% 5 Year Coverage
Dividend Coverage Ratio 3.95 4.57 4.65 4.22 3.92 5.91 6.18 2.07 2.69 2.30 4.08 <-Median-> 10 Dividend Coverage Ratio
5 Year of Coverage 4.26 4.67 5.01 4.42 4.07 3.69 5 Year of Coverage
-$6,110 $0 $0 $0 $0 $4,751
-$5,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $4,751
Market Cap $23,147 $32,730 $33,479 $34,300 $34,692 $34,704 $27,834 $30,841 $28,160 $35,326 $29,167 $40,896 $44,434 $50,122 $50,122 $50,122 32.72% <-Total Growth 10 Market Cap
pre-split 04
Diluted # of Shares in Million 960.58 991.49 999.89 997.85 991.67 990.70 989.10 946.53 927.79 930.96 932.28 933.53 935.12 935.24 -6.48% <-Total Growth 10 Diluted
Change -0.15% 3.22% 0.85% -0.20% -0.62% -0.10% -0.16% -4.30% -1.98% 0.34% 0.14% 0.13% 0.17% 0.01% -0.13% <-Median-> 10 Change
Difference Diluted/Basic -1.1% -1.8% -0.1% -0.2% -0.2% -0.2% -0.1% -0.1% 0.0% -0.2% -0.1% -0.2% -0.3% -0.3% -0.16% <-Median-> 10 Difference Diluted/Basic
pre-split 04
Basic # of Shares in Millions 949.91 973.58 998.61 995.61 989.99 989.19 988.59 946.00 927.68 929.46 931.68 931.65 932.08 932.62 -6.66% <-Total Growth 10 Basic
Change 0.06% 2.49% 2.57% -0.30% -0.56% -0.08% -0.06% -4.31% -1.94% 0.19% 0.24% 0.00% 0.05% 0.06% -0.07% <-Median-> 10 Change
Difference Basic/Outstanding 0.1% 2.7% -0.2% -0.2% -0.4% 0.0% -0.1% -2.0% 0.0% 0.1% 0.0% 0.1% 0.0% -0.8% -0.02% <-Median-> 10 Difference Basic/Outstanding
$4,281 <-12 mths -9.89%
pre-split 98
pre-split 04
# of Share in Millions 950.60 999.40 996.70 993.35 986.40 988.72 987.74 927.28 927.85 930.62 931.85 932.43 932.11 924.76 924.76 924.76 -0.67% <-IRR #YR-> 10 Shares -6.48%
Change 0.09% 5.13% -0.27% -0.34% -0.70% 0.24% -0.10% -6.12% 0.06% 0.30% 0.13% 0.06% -0.03% -0.79% 0.00% 0.00% 0.10% <-IRR #YR-> 5 Shares 0.52%
Cash Flow from Operations $M $4,722 $5,026 $5,443 $5,123 $6,254 $6,757 $6,494 $6,110 $9,610 $10,373 $7,047 $5,203 $4,751 $4,281 <-12 mths -12.71% <-Total Growth 10 Cash Flow
Increase -2.52% 6.44% 8.30% -5.88% 22.08% 8.04% -3.89% -5.91% 57.28% 7.94% -32.06% -26.17% -8.69% -9.89% <-12 mths SO, S. Issued Buy Backs
5 year Running Average $4,637 $4,869 $5,166 $5,032 $5,314 $5,721 $6,014 $6,148 $7,045 $7,869 $7,927 $7,669 $7,397 $6,331 <-12 mths 43.17% <-Total Growth 10 CF 5 Yr Running
CFPS $4.97 $5.03 $5.46 $5.16 $6.34 $6.83 $6.57 $6.59 $10.36 $11.15 $7.56 $5.58 $5.10 $4.63 <-12 mths -6.66% <-Total Growth 10 Cash Flow per Share
Increase -2.60% 1.24% 8.59% -5.56% 22.94% 7.79% -3.80% 0.22% 57.19% 7.62% -32.15% -26.21% -8.66% -9.18% <-12 mths -1.35% <-IRR #YR-> 10 Cash Flow -12.71%
5 year Running Average $4.89 $5.08 $5.33 $5.14 $5.39 $5.76 $6.07 $6.30 $7.34 $8.30 $8.45 $8.25 $7.95 $6.80 <-12 mths -4.91% <-IRR #YR-> 5 Cash Flow -22.24%
P/CF on Med Price 4.51 5.72 5.75 6.67 5.37 5.20 4.76 4.69 2.63 3.09 4.63 6.76 8.79 11.12 <-12 mths -0.69% <-IRR #YR-> 10 Cash Flow per Share -6.66%
P/CF on Closing Price 4.90 6.51 6.15 6.70 5.55 5.14 4.29 5.05 2.93 3.41 4.14 7.86 9.35 11.71 <-12 mths -5.01% <-IRR #YR-> 5 Cash Flow per Share -22.64%
135.09% Diff M/C 4.07% <-IRR #YR-> 10 CFPS 5 yr Running 49.02%
Excl.Working Capital CF -$2,146 -$2,245 -$2,054 $358 -$6,805 -$5,493 $574 -$10,176 -$12,237 -$4,423 $20,624 -$8,778 -$1,606 $0 <-12 mths 4.76% <-IRR #YR-> 5 CFPS 5 yr Running 26.19%
Cash Flow from Operations $M WC $2,576 $2,781 $3,389 $5,481 -$551 $1,264 $7,068 -$4,066 -$2,627 $5,950 $27,671 -$3,575 $3,145 $4,281 <-12 mths -7.20% <-Total Growth 10 Cash Flow less WC
Increase -4.73% 7.96% 21.86% 61.73% -110.05% -329.40% 459.18% -157.53% -35.39% -326.49% 365.06% -112.92% -187.97% 36.12% <-12 mths -0.74% <-IRR #YR-> 10 Cash Flow less WC -7.20%
5 year Running Average $2,320 $1,645 $2,639 $3,386 $2,735 $2,473 $3,330 $1,839 $218 $1,518 $6,799 $4,671 $6,113 $7,494 <-12 mths #NUM! <-IRR #YR-> 5 Cash Flow less WC 177.35%
CFPS Excl. WC $2.71 $2.78 $3.40 $5.52 -$0.56 $1.28 $7.16 -$4.38 -$2.83 $6.39 $29.69 -$3.83 $3.37 $4.63 <-12 mths 8.76% <-IRR #YR-> 10 CF less WC 5 Yr Run 131.67%
Increase -4.82% 2.69% 22.19% 62.27% -110.12% -328.86% 459.73% -161.28% -35.43% -325.82% 364.44% -112.91% -188.00% 37.20% <-12 mths 27.15% <-IRR #YR-> 5 CF less WC 5 Yr Run 232.36%
5 year Running Average $2.45 $1.70 $2.72 $3.45 $2.77 $2.48 $3.36 $1.80 $0.13 $1.52 $7.21 $5.01 $6.56 $8.05 <-12 mths -0.08% <-IRR #YR-> 10 CFPS - Less WC -0.77%
P/CF on Med Price 8.27 10.34 9.24 6.24 -60.99 27.79 4.37 -7.05 -9.62 5.38 1.18 -9.84 13.28 11.12 <-12 mths 22.60% <-IRR #YR-> 5 CFPS - Less WC 176.95%
P/CF on Closing Price 8.99 11.77 9.88 6.26 -62.96 27.46 3.94 -7.59 -10.72 5.94 1.05 -11.44 14.13 11.71 <-12 mths 9.22% <-IRR #YR-> 10 CFPS 5 yr Running 141.55%
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 4.98 5 yr  4.63 P/CF Med 10 yr 2.78 5 yr  1.18 321.63% Diff M/C 29.49% <-IRR #YR-> 5 CFPS 5 yr Running 264.07%
I left Excluding WC for 2009 and eariler because I think I got the values from G&M.
-996.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 932.1 Shares
-927.3 0.0 0.0 0.0 0.0 932.1 Shares
-$5,443 $0 $0 $0 $0 $0 $0 $0 $0 $0 $4,751 Cash Flow
-$6,110 $0 $0 $0 $0 $4,751 Cash Flow
-$5.46 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.10 Cash Flow per Share
-$6.59 $0.00 $0.00 $0.00 $0.00 $5.10 Cash Flow per Share
-$5.33 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $7.95 CFPS 5 yr Running
-$6.30 $0.00 $0.00 $0.00 $0.00 $7.95 CFPS 5 yr Running
-$3,389 $0 $0 $0 $0 $0 $0 $0 $0 $0 $3,145 Cash Flow less WC
$4,066 $0 $0 $0 $0 $3,145 Cash Flow less WC
-$2,639 $0 $0 $0 $0 $0 $0 $0 $0 $0 $6,113 CF less WC 5 Yr Run
-$1,839 $0 $0 $0 $0 $6,113 CF less WC 5 Yr Run
-$3.40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.37 CFPS - Less WC
$4.38 $0.00 $0.00 $0.00 $0.00 $3.37 CFPS - Less WC
-$2.72 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $6.56 CFPS 5 yr Running
-$1.80 $0.00 $0.00 $0.00 $0.00 $6.56 CFPS 5 yr Running
Chge in Insurance & investment -$1,088 $7,128 $4,391 -$379 $10,412 $14,476 $1,819 -$23,273
above separate Insurance $9,316 $5,636
above separate Investment -$4,561 -$5,538
Chge in funds held ceding insurers $821 $505 $857 $663 $570 $467 $845 -$294
Chge in funds held under reinsurance $28 $18 $50 -$37 $81 $201 -$84 -$294
above separate Liabilities $170 $115
above separate Assets $5 $586
Chge in deferred acq $32 $42
Chge in reinsurance assets $367 -$567 $830 $51 -$900 -$1,629 $1,915 $3,830 -$480 $38
Change in Fair Value
Other -$157 -$98 -$321 -$444 $248 -$911 $279 -$245 $1,497 $237
Sales, Matur and repayments Prot Inv $38,507 $43,805
Purchase of Port Investments -$35,253 -$42,566
Income Taxes Paid -$361 -$223 -$314 -$428 -$235 -$367 -$351 -$423 -$707
                       
Sum     -$358 $6,805 $5,493 -$574 $10,176 $12,237 $4,423 -$20,276 $8,778 $1,606
Google --> TD $2,245 $2,054 $1,652 $2,902 $4,027 -$574 $10,176 $12,237 $4,423 -$20,624 $8,778 $1,606
Difference -$2,010 $3,903 $1,466 $0 $0 $0 $0 $348 $0 $0
Google --> TD $2,245 $2,054 $1,652 $2,902
Difference -$2,245 -$2,054 -$2,010 $3,903
Google --> TD in 2020, 2024 -$358 $6,805 $5,493 -$574 $4,423 -$31,267 $8,778
Difference $0 $0 $0
OPM 15.71% 19.00% 13.89% 15.15% 13.48% 14.37% 14.75% 13.67% 15.86% 16.10% 15.78% 12.50% 11.94% 11.12% -14.06% <-Total Growth 10 OPM
Increase -3.05% 20.99% -26.90% 9.04% -10.98% 6.60% 2.60% -7.32% 16.04% 1.52% -2.01% -20.79% -4.48% -6.84% Should increase  or be stable.
Diff from Ave 7.9% 30.5% -4.6% 4.0% -7.4% -1.3% 1.3% -6.1% 8.9% 10.6% 8.4% -14.2% -18.0% -23.6% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 14.56% 5 Yrs 15.78% should be  zero, it is a   check on calculations
EBIT $3,082 $4,323 $4,082 $4,299 EBIT From Mkt Sc
Change 40.27% -5.57% 5.32% 5.32% <-Median-> 3 Change no EBITDA showing
Margin 6.71% 9.14% 10.33% 9.14% <-Median-> 3 Margin
Cash and Investments. $130,548 $142,774 $158,510 $177,093 $202,256 $167,905 $177,481 $177,501 $217,403 $244,136 $278,042 $245,335 $262,820 $262,721 65.81% <-Total Growth 10 Cash and Investments.
Debt/Investment Ratio 0.92 0.92 0.92 0.91 0.78 0.95 0.94 0.98 1.00 0.90 0.89 0.95 0.94 0.95 93.89% <-Median-> 10 Debt/Investment Ratio
Long Term Debt $120,658 $132,063 $146,055 $160,745 $157,949 $159,524 $166,720 $174,521 $218,047 $220,833 $247,698 $233,955 $246,635 $248,660 68.86% <-Total Growth 10 Long Term Debt Ins. Cont.
Change 4.45% 9.45% 10.59% 10.06% -1.74% 1.00% 4.51% 4.68% 24.94% 1.28% 12.17% -5.55% 5.42% 0.82% 4.60% <-Median-> 10 Change
Debt/Market Cap Ratio 5.21 4.03 4.36 4.69 4.55 4.60 5.99 5.66 7.74 6.25 8.49 5.72 5.55 4.96 5.69 <-Median-> 10 % of Market C.
Assets/Current Liabilities Ratio 73.14 87.61 67.10 71.24 62.16 62.48 56.88 53.07 73.34 67.88 57.79 55.12 57.10 58.03 59.97 <-Median-> 10 Assets/Current Liabilities
Debt to Cash Flow (Years) 25.55 26.28 26.83 31.38 25.26 23.61 25.67 28.56 22.69 21.29 35.15 44.97 51.91 58.08 Debt to Cash Flow (Years)
Intangibles $3,115 $3,456 $3,625 $4,036 $3,972 $3,732 $3,976 $3,879 $4,285 $5,514 $6,209 $4,484 $4,958 $4,852 36.77% <-Total Growth 10 Intangibles
Goodwill $5,397 $5,812 $5,855 $5,913 $5,977 $6,179 $6,548 $6,505 $10,106 $9,081 $10,604 $11,249 $11,428 $11,232 95.18% <-Total Growth 10 Goodwill
Total $8,512 $9,268 $9,480 $9,949 $9,949 $9,911 $10,524 $10,384 $14,391 $14,595 $16,813 $15,733 $16,386 $16,084 72.85% <-Total Growth 10 Total
Change -0.50% 8.88% 2.29% 4.95% 0.00% -0.38% 6.19% -1.33% 38.59% 1.42% 15.20% -6.42% 4.15% -1.84% 2.78% <-Median-> 10 Change
Intangible/Market Cap Ratio 0.37 0.28 0.28 0.29 0.29 0.29 0.38 0.34 0.51 0.41 0.58 0.38 0.37 0.32 0.37 <-Median-> 10 % of Market C.
Current Assets $4,708 $5,859 $5,554 $6,366 $7,570 $8,332 $9,588 $10,745 $14,193 $12,709 $14,606 $12,865 $16,383 $16,014 194.98% <-Total Growth 10 Current Assets
Current Liabilities $3,469 $3,720 $5,316 $5,614 $6,434 $6,720 $7,519 $8,502 $8,188 $9,288 $12,138 $12,940 $14,048 $14,042 164.26% <-Total Growth 10 Current Liabilities
Liquidity 1.36 1.58 1.04 1.13 1.18 1.24 1.28 1.26 1.73 1.37 1.20 0.99 1.17 1.14 1.22 <-Median-> 10 Ratio
Liq. with CF aft div 2.38 2.60 1.84 1.82 1.94 2.03 1.93 1.80 2.71 2.30 1.63 1.25 1.36 1.28 1.63 <-Median-> 5 Ratio
Liq. CF re  Inv+Div  1.13 1.13 1.03 1.13 1.13 1.19 1.18 1.53 1.35 1.04 1.12 1.18 1.32 1.28 1.18 <-Median-> 5 Ratio
Assets $253,718 $325,905 $356,709 $399,935 $399,912 $419,838 $427,689 $451,167 $600,490 $630,488 $701,455 $713,230 $802,163 $814,842 124.88% <-Total Growth 10 Assets
Liabilities $236,132 $305,906 $334,812 $374,675 $374,904 $394,302 $400,291 $425,624 $573,475 $600,005 $669,137 $683,379 $769,509 $782,146 129.83% <-Total Growth 10 Liabilities
Debt Ratio 1.07 1.07 1.07 1.07 1.07 1.06 1.07 1.06 1.05 1.05 1.05 1.04 1.04 1.04 1.06 <-Median-> 10 Ratio
Estimates BVPS $28.28 $30.55 $33.05 Estimates Estimates BVPS
Estimate Book Value $26,152.2 $28,251.4 $30,563.3 Estimates Estimate Book Value
P/B Ratio (Close) 1.92 1.77 1.64 Estimates P/B Ratio (Close)
Difference from 10 year median 20.54% Diff M/C Estimates Difference from 10 yr med.
Book Value  $17,586 $19,999 $21,897 $25,260 $25,008 $25,536 $27,398 $25,543 $27,015 $30,483 $32,318 $29,851 $32,654 $32,696 49.13% <-Total Growth 10 Book Value 
Non-Cont. Int. $2,510 $2,362 $2,643 $2,806 $3,006 $2,935 $2,875 $2,866 $2,987 $3,267 $3,308 $3,015 $3,113 $3,152 17.78% <-Total Growth 10 Non-Cont. Int.
Shareholders' Equity $15,076 $17,637 $19,254 $22,454 $22,002 $22,601 $24,523 $22,677 $24,028 $27,216 $29,010 $26,836 $29,541 $29,544 53.43% <-Total Growth 10 Shareholders' Equity
Preferred Stock $2,544 $2,314 $2,514 $2,514 $2,514 $2,714 $2,714 $2,714 $2,714 $5,748 $5,791 $6,000 $6,000 $2,720 138.66% <-Total Growth 10 Preferred Stock
Book Value $12,532 $15,323 $16,740 $19,940 $19,488 $19,887 $21,809 $19,963 $21,314 $21,468 $23,219 $20,836 $23,541 $26,824 $26,824 $26,824 40.63% <-Total Growth 10 Book Value
Book Value per Share $13.18 $15.33 $16.80 $20.07 $19.76 $20.11 $22.08 $21.53 $22.97 $23.07 $24.92 $22.35 $25.26 $29.01 $29.01 $29.01 50.37% <-Total Growth 10 Book Value per Share
Change 4.52% 16.30% 9.54% 19.52% -1.58% 1.81% 9.77% -2.50% 6.70% 0.42% 8.01% -10.32% 13.02% 14.85% 0.00% 0.00% -0.25% P/B Ratio Current/Historical Median
P/B Ratio (Median) 1.70 1.88 1.87 1.71 1.72 1.77 1.42 1.44 1.19 1.49 1.40 1.69 1.77 1.77 1.87 P/B Ratio Historical Median
P/B Ratio (Close) 1.85 2.14 2.00 1.72 1.78 1.75 1.28 1.54 1.32 1.65 1.26 1.96 1.89 1.87 1.87 1.87 4.16% <-IRR #YR-> 10 Book Value per Share
Change 14.21% 15.65% -6.37% -13.99% 3.49% -1.97% -26.86% 21.05% -14.48% 24.55% -23.66% 56.25% -3.84% -1.00% 0.00% 0.00% 3.24% <-IRR #YR-> 5 Book Value per Share
Financial Leverage 30% 29% 29%
Leverage (A/BV) 14.43 16.30 16.29 15.83 15.99 16.44 15.61 17.66 22.23 20.68 21.70 23.89 24.57 24.92 19.17 <-Median-> 10 A/BV
Debt/Equity Ratio 13.43 15.30 15.29 14.83 14.99 15.44 14.61 16.66 21.23 19.68 20.70 22.89 23.57 23.92 18.17 <-Median-> 10 Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 1.59 5 yr Med 1.49 17.52% Diff M/C 15.13 Historical A/BV
-$16.80 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $25.26
-$21.53 $0.00 $0.00 $0.00 $0.00 $25.26
$3,181 <-12 mths -13.98%
Comprehensive Income $1,829 $3,440 $2,927 $4,785 $1,249 $1,842 $3,726 $1,972 $3,105 $3,245 $3,728 $3,042 $4,956 69.32% <-Total Growth 10 Comprehensive Income
NCI -$4 $13 -$33 $57 -$43 -$63 -$27 $30 $37 -$162 $30 $11 $21 NCI
Shareholders  $1,833 $3,427 $2,960 $4,728 $1,292 $1,905 $3,753 $1,942 $3,068 $3,407 $3,698 $3,698 $3,698 24.93% <-Total Growth 10 Shareholders 
Increase -21.80% 86.96% -13.63% 59.73% -72.67% 47.45% 97.01% -48.25% 57.98% 11.05% 8.54% 0.00% 0.00% 8.54% <-Median-> 5 Comprehensive Income
5 Yr Running Average $1,686 $1,931 $2,359 $3,058 $2,848 $2,862 $2,928 $2,724 $2,392 $2,815 $3,174 $3,163 $3,514 2.25% <-IRR #YR-> 10 Comprehensive Income 24.93%
ROE 10.4% 17.1% 13.5% 18.7% 5.2% 7.5% 13.7% 7.6% 11.4% 11.2% 11.4% 12.4% 11.3% 13.75% <-IRR #YR-> 5 Comprehensive Income 90.42%
5Yr Median 10.4% 10.4% 13.5% 14.6% 13.5% 13.5% 13.5% 7.6% 7.6% 11.2% 11.4% 11.4% 11.4% 4.07% <-IRR #YR-> 10 5 Yr Running Average 48.97%
% Difference from NI -28.0% 15.3% -11.1% 35.1% -56.7% -25.4% 4.9% -35.7% -17.8% -23.3% -17.5% -5.7% -32.3% 5.22% <-IRR #YR-> 5 5 Yr Running Average 28.99%
Median Values Diff 5, 10 yr -20.5% -17.8% 11.4% <-Median-> 5 Return on Equity
-$2,960 $0 $0 $0 $0 $0 $0 $0 $0 $0 $3,698
-$1,942 $0 $0 $0 $0 $3,698
-$2,359 $0 $0 $0 $0 $0 $0 $0 $0 $0 $3,514
-$2,724 $0 $0 $0 $0 $3,514
Current Liability Coverage Ratio 0.74 0.75 0.64 0.98 -0.09 0.19 0.94 -0.48 -0.32 0.64 2.28 -0.28 0.22 0.30   CFO / Current Liabilities
5 year Median 1.04 0.75 0.75 0.75 0.74 0.64 0.64 0.19 -0.09 0.19 0.64 -0.28 0.22 0.30 0.22 <-Median-> 5 Current Liability Cov Ratio
Asset Efficiency Ratio 1.02% 0.85% 0.95% 1.37% -0.14% 0.30% 1.65% -0.90% -0.44% 0.94% 3.94% -0.50% 0.39% 0.53% CFO / Total Assets
5 year Median 1.13% 1.02% 1.02% 1.02% 0.95% 0.85% 0.95% 0.30% -0.14% 0.30% 0.94% -0.44% 0.39% 0.53% 0.4% <-Median-> 5 Return on Assets 
Return on Assets 0.72% 0.70% 0.71% 0.69% 0.58% 0.47% 0.67% 0.52% 0.49% 0.50% 0.46% 0.38% 0.49% 0.44% Net  Income/Assets ROA
5Yr Median 1.12% 0.85% 0.72% 0.71% 0.70% 0.69% 0.67% 0.58% 0.52% 0.50% 0.50% 0.49% 0.49% 0.46% 0.5% <-Median-> 5 ROA
ROE 14.48% 14.87% 15.21% 13.85% 11.94% 10.01% 13.05% 11.82% 13.81% 14.57% 13.86% 13.14% 16.74% 13.28% Net Inc/ Shareholders' equity ROE
5Yr Median 14.48% 14.77% 14.87% 14.87% 14.48% 13.85% 13.05% 11.94% 11.94% 13.05% 13.81% 13.81% 13.86% 13.86% 13.9% <-Median-> 5 ROE
$3,729 <-12 mths
Net Income $2,208 $2,498 $2,761 $3,011 $2,641 $2,149 $2,961 $2,507 $3,154 $3,563 $3,534 $2,891 $4,129 49.55% <-Total Growth 10 Net Income
NCI & other $278 $90 $93 $123 $192 $30 -$19 $15 $78 $301 $185 $23 $59 NCI
Preferred Shares $115 $130 $122 $126 $123 $129 $133 $133 $133 $134 $130 $130 $130 Preferred Shares
Shareholders  $1,815 $2,278 $2,546 $2,762 $2,326 $1,990 $2,847 $2,359 $2,943 $3,128 $3,219 $2,738 $3,940 $3,562 $4,231 $4,532 54.75% <-Total Growth 10 Net Income
Increase -10.24% 25.51% 11.76% 8.48% -15.79% -14.45% 43.07% -17.14% 24.76% 6.29% 2.91% -14.94% 43.90% -9.59% 18.78% 7.11% EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $1,729 $1,894 $2,064 $2,285 $2,345 $2,380 $2,494 $2,457 $2,493 $2,653 $2,899 $2,877 $3,194 $3,317 $3,538 $3,801 4.46% <-IRR #YR-> 10 Net Income 54.75%
Operating Cash Flow $4,722 $5,026 $5,443 $5,123 $6,254 $6,757 $6,494 $6,110 $9,610 $10,373 $7,047 $5,203 $4,751 10.80% <-IRR #YR-> 5 Net Income 67.02%
Investment Cash Flow -$3,838 -$4,813 -$4,129 -$3,424 -$4,565 -$4,778 -$4,776 -$1,539 -$8,202 -$11,212 -$5,493 -$783 -$408 4.46% <-IRR #YR-> 10 5 Yr Running Average 54.76%
Total Accruals $931 $2,065 $1,232 $1,063 $637 $11 $1,129 -$2,212 $1,535 $3,967 $1,665 -$1,682 -$403 5.39% <-IRR #YR-> 5 5 Yr Running Average 29.99%
Total Assets $253,718 $325,905 $356,709 $399,935 $399,912 $419,838 $427,689 $451,167 $600,490 $630,488 $701,455 $713,230 $802,163 Balance Sheet Assets
Accruals Ratio 0.37% 0.63% 0.35% 0.27% 0.16% 0.00% 0.26% -0.49% 0.26% 0.63% 0.24% -0.24% -0.05% 0.24% <-Median-> 5 Ratio
EPS/CF Ratio 0.70 0.83 0.75 0.50 -4.77 1.70 0.42 -0.57 -1.12 0.53 0.12 -0.76 1.25 0.27 <-Median-> 10 EPS/CF Ratio
Should not be higher than 1.00
-$2,546 $0 $0 $0 $0 $0 $0 $0 $0 $0 $3,940
-$2,359 $0 $0 $0 $0 $3,940
-$2,064 $0 $0 $0 $0 $0 $0 $0 $0 $0 $3,194
-$2,457 $0 $0 $0 $0 $3,194
Change in Close 19.36% 34.50% 2.56% 2.80% 1.85% -0.20% -19.72% 18.03% -8.75% 25.07% -17.54% 40.13% 8.69% 13.70% 0.00% 0.00% Count 29 Years of data
up/down Count 0 0.00%
Meet Prediction? % right Count 0 #DIV/0!
Financial Cash Flow -$1,037 $493 -$1,685 -$1,683 -$1,045 -$1,659 -$1,267 -$3,981 $2,010 -$992 -$620 -$3,550 -$2,285 C F Statement  Financial Cash Flow
Total Accruals $1,968 $1,572 $2,917 $2,746 $1,682 $1,670 $2,396 $1,769 -$475 $4,959 $2,285 $1,868 $1,882 Accruals
Accruals Ratio 0.78% 0.48% 0.82% 0.69% 0.42% 0.40% 0.56% 0.39% -0.08% 0.79% 0.33% 0.26% 0.23% 0.26% <-Median-> 5 Ratio
Cash $1,895 $2,791 $2,498 $2,813 $3,259 $3,551 $4,168 $4,628 $7,946 $6,075 $7,290 $7,742 $10,709 $10,232 Cash
Cash per Share $1.99 $2.79 $2.51 $2.83 $3.30 $3.59 $4.22 $4.99 $8.56 $6.53 $7.82 $8.30 $11.49 $11.06 $8.30 <-Median-> 5 Cash per Share
Percentage of Stock Price 8.19% 8.53% 7.46% 8.20% 9.39% 10.23% 14.97% 15.01% 28.22% 17.20% 24.99% 18.93% 24.10% 20.41% 24.10% <-Median-> 5 % of Stock Price
Notes:
Septe,ber 16, 2025.  Last estimates were for 2024, 2025, 2026 of $67688M, $69896M, $72272M Revenue, $4.35, $4.53, $4.66 AEPS, $4.28, $4.44, $4.58 EPS,
 $2.23, $2.34, $2.46 Dividends,$26.34, $28.41, $29.72 BVPS, $3983M, $4094M, $4212M Net Income.
September 10, 2024.  Last estimates were for 2023, 2024, 2024 of $67301M, $69578M, $71,975M for Revenue, $3.82, $4.04, $4.27 AEPS, 
$3.18, $4.00, $4.26  EPS, $2.05, $2.14, $2.20 Dividends, $24.10, 25.90, $28.20 BVPS, $2990M, $38686M, $3869M Net Income.
May 31, 2023.  Great West Life sell Putnum Investments 
https://www.greatwestlifeco.com/news-events/news/great-west-lifeco-announces-sale-of-putnam-investments-to-franklin-templeton.html
Selling Putnum great reduces the companies Revenue.
September 15, 2023.  Last estimates is 2022, 2023 and 2024 of $66900M, $78900M and $80200M for Revenue, $3.61, $3.86 and $4.84 for AEPS, 
$3.39, $3.75 and $3.64 for EPS, $1.97, $2.11 and $2.46 for Dividends, and $3156M, $3518M and $3397M for Net Income.
September 17, 2021.  Last estimate is for 2021, 2022 and 2023 of $66951M and $67180M for 2021-22 for Revenue, $3.25, $3.57 and $4.03 for EPS, 
$1.75, $1.83 and $1.95 for Dividends, and $3031M, $3328M and $4564M for Net Income.
September 10, 2021.  Last estimates were for 2020, 2021 and 2022 of $48082M, $54644M and $57651M for Revenue, $2.63, $3.04 and $3.33 for EPS, 
$1.75, $1.82 and $2.03 for Dividends, and $2411M, $2691M and $2603M for Net Income.
September 19, 2020.  Last estimates were for 2019, 2020 and 2021 of $57746M, $57475 and $60350 for Revenue, $2.65, $3.12 and $3.39 for EPS, 
$1.65, $1.64 and $1.84 for Dividends and $2507M, $2895M and $3152M for Net Income.
September 15, 2019.  Last estimates were for 2018, 2019 nd 2020 of $47705M, $49656M and $51922M for Revenue, $3.07, $3.25 and $3.50 for EPS, 
$2.97 for CFPS for 2018 and $3663M, $3248M and $3587M for Net Income.
September 23, 2018.  Last estimates were for 2017, 2018 and 2019 oof $44511M, $45448M and $48093M for Revenue, $2.66, $3.05 and $3.39 for EPS, 
$2.97, $3.10 for CFPS for 2017 and 2018 and $2602M, $3041M and $3487M for Net Income.
September 23, 2017.  Last estimates were for 2016, 2017 and 2018 of $44683M, $42366M and $43553M for Revenue, $2.62, $2.86 and $2.89 for EPS,
$2.47, $2.39 and $2.57 for CFPS and $2637M, $2918M and $3133M for Net Income.
September 27, 2016.  Last estimates were for 2015, 2016 and 2017 of $36305M, $39996M and $45405M for Revenue, $2.73, $2.93 and $3.17 for EPS,
$6.32, $3.43 and $3.63 for CFPS and $2764M, $2948M and $3127M for Net Income.
October 4, 2015.  Last estimates were for 2014, 2015 and 2016 of $36068M, $42467M and $43562M for Revenue, $2.50, $2.63 and $2.44 for EPS, 
$2.35, $1.59 and $1.72 for CFPS and $2498M, $2758M and $3045M for Net Income.
September 26, 2014.  Last estimates were for 2013, 2014 and 2015 of $29254M, $52508M and $42305M for Revenue, $2.28, $2.54 and $2.72 for EPS.
August 30, 2013.  Last estimates were for 2012 and 2013 of $29,234M and $32,311M for Revenue, $2.08 and $2.29 (and $2.92) for EPS.
May 26, 2012.  Last estimates were for 2011 and 2012 of Revenue fo $29084M and $28170M, EPS of $1.95, 2.14 and for 2013 $2.20.
Jan 21, 2012.  Last estimates I got was for 2010 and 2011 for EPS at $1.90 and $2.23.
Nov 11, 2010.  Last time I looked, I got earnings for 2009 and 2010 of $1.85 and $2.50
2007 AR.   I can see why people like this stock.  It is basically a stable earner.
For cash flow, I do not think that there is a non-cash flow or working capital as current assets and liabilities liquidity ratio does not really apply.
Sector:
Insurance, Financial
What should this stock accomplish?
Would I buy this company and Why.
This is a good dividend growth stock. The only reason I would not personally buy it is that it is part of Power Corp and Power Financial.  
I own Power Financial.  
Why am I following this stock. 
This stock seems to be a favorite with investors who like solid, stable, dividend paying stock. It was on Mike Higgs' list and it used to be on the dividend lists. 
I have been following this stock for some time.  However, I will not buy it because I have Power Corp. (TSX-POW).  Great West Lifeco Inc. is one of the companies under Power Corp. (TSX-POW).
Dividends
Dividends are paid quarterly in Cycle 3, that is March, June, September and December.  Dividends are either declared late in one month and paid in the following month, or declared early in the month and paid in that month.
For example, the dividend declared for Shareholders of record of February 28, 2013 was paid on March 28, 2013.  However, the dividend declared for shareholders of record of December 3, 2013 was paid on December 31, 2013.
How they make their money.
Great-West Lifeco is one of the Big Three Canadian life insurers.  The firm operations in Canada, US, Europe (especially in UK and Ireland).   
Power Financial Corp owes 68.2% of this company as of December 2011.  In June of 2013, ownership is 69.4%.
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.  
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
Shares; '%, Value $M %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Change
Date 2017 Sep 23 2018 Sep 15 2019 Sep 19 2020 Sep 9 2021 Sep 17 2022 Sep 15 2023 Sep 10 2024 Sep 16 2025
Harney, David Martin 0.002 0.00% 0.002 0.00% 0.002 0.00% 0.002 0.00% was an officer -10.52%
CEO - Shares - Amount $0.055 $0.069 $0.095 $0.097
Options - percentage 0.395 0.04% 0.507 0.05% 0.654 0.07% 0.792 0.09% 21.12%
Options - amount $12.368 $22.234 $31.185 $42.944
Mahon, Paul 0.01% 0.146 0.01% 0.151 0.02% 0.156 0.02% 0.193 0.02% 0.219 0.02% 0.250 0.03% 0.250 0.03% 0.297 0.03% last report July 2025 18.90%
CEO - Shares - Amount $4.996 $4.116 $5.007 $4.731 $7.314 $6.852 $10.954 $11.906 $16.095
Options - percentage 0.13% 1.379 0.14% 1.919 0.21% 2.433 0.26% 2.947 0.32% 3.400 0.36% 3.918 0.42% 3.918 0.42% 4.689 0.51% 19.70%
Options - amount $46.129 $38.847 $63.815 $73.855 $111.874 $106.432 $171.824 $186.750 $254.164
Nielsen, Jon 0.000 0.00% 0.000 0.00% 0.001 0.00% 675.71%
CFO - Shares - Amount $0.000 $0.003 $0.029
Options - percentage 0.315 0.03% 0.503 0.05% 0.666 0.07% 32.39%
Options - amount $13.819 $23.967 $36.076
MacNicholas, Garry 0.00% 0.003 0.00% 0.003 0.00% 0.005 0.00% 0.005 0.00% 0.005 0.00% 0.005 0.00% 0.005 0.00% 0.005 0.00% last report Mar 2024 0.00%
CFO - Shares - Amount $0.088 $0.070 $0.083 $0.156 $0.195 $0.161 $0.225 $0.245 $0.278
Options - percentage 0.04% 0.417 0.04% 0.561 0.06% 0.677 0.07% 0.792 0.09% 0.910 0.10% 1.027 0.11% 0.943 0.10% 0.943 0.10% 0.00%
Options - amount $12.159 $11.749 $18.646 $20.556 $30.075 $28.476 $45.028 $44.944 $51.101
Bird, Graham R. 0.00% 0.003 0.00% 0.005 0.00% 0.007 0.00% 0.009 0.00% 0.011 0.00% 0.013 0.00% last report Mar 2024 #DIV/0!
Officer - Shares - Amount $0.074 $0.098 $0.168 $0.212 $0.353 $0.351 $0.585 Ceased insider Mar 2024
Options - percentage 0.04% 0.445 0.05% 0.613 0.07% 0.775 0.08% 0.933 0.10% 1.142 0.12% 1.332 0.14% #DIV/0!
Options - amount $12.277 $12.543 $20.380 $23.522 $35.432 $35.747 $58.440
Bailey-Moffitt, Collen Nancy 0.001 0.00% 0.001 0.00% 54.15%
Officer - Shares - Amount $0.037 $0.064
Options - percentage 0.044 0.00% 0.065 0.01% 47.85%
Options - amount $2.100 $3.531
Murphy, Edmund Francis 0.000 0.00% 0.005 0.00% #DIV/0!
Officer - Shares - Amount $0.000 $0.266
Options - percentage 0.672 0.07% 0.723 0.08% 7.52%
Options - amount $32.055 $39.186
Morin, Fabrice 0.005 0.00% 0.006 0.00% 0.008 0.00% 20.89%
Officer - Shares - Amount $0.215 $0.297 $0.408
Options - percentage 0.303 0.03% 0.423 0.05% 0.551 0.06% 30.01%
Options - amount $13.283 $20.187 $29.839
Kerrigan, Linda 0.011 0.00% 0.011 0.00% 0.012 0.00% 9.74%
Officer - Shares - Amount $0.481 $0.541 $0.675
Options - percentage 0.121 0.01% 0.129 0.01% 0.131 0.01% 1.60%
Options - amount $5.318 $6.127 $7.078
Coutu, Marcel R. 0.00% 0.010 0.00% 0.010 0.00% 0.010 0.00% 0.010 0.00% 0.010 0.00% 0.010 0.00% 0.010 0.00% 0.010 0.00% 0.00%
Director - Shares - Amount $0.351 $0.282 $0.333 $0.304 $0.380 $0.313 $0.439 $0.477 $0.542
Options - percentage 0.00% 0.043 0.00% 0.059 0.01% 0.077 0.01% 0.094 0.01% 0.109 0.01% 0.127 0.01% 0.146 0.02% 0.163 0.02% 11.55%
Options - amount $1.218 $1.211 $1.958 $2.347 $3.562 $3.418 $5.571 $6.952 $8.817
Desmarais, André 0.04% 0.350 0.04% 0.350 0.04% 0.350 0.04% 0.350 0.04% 0.350 0.04% 0.350 0.04% 0.350 0.04% 0.350 0.04% 0.00%
Director - Shares - Amount $12.285 $9.863 $11.641 $10.623 $13.286 $10.955 $15.351 $16.685 $18.970
Options - percentage 0.02% 0.161 0.02% 0.183 0.02% 0.210 0.02% 0.233 0.03% 0.256 0.03% 0.219 0.02% 0.309 0.03% 0.333 0.04% 7.94%
Options - amount $5.328 $4.539 $6.097 $6.360 $8.848 $7.998 $9.597 $14.721 $18.066
Barrett, Deborah, Jane 0.003 0.00% 0.003 0.00% 0.00%
Director - Shares - Amount $0.138 $0.157
Options - percentage 0.058 0.01% 0.066 0.01% 14.33%
Options - amount $2.765 $3.594
Orr, Robert Jeffrey 0.00% 0.020 0.00% 0.020 0.00% 0.020 0.00% 0.020 0.00% 0.020 0.00% 0.020 0.00% 0.020 0.00% 0.020 0.00% 0.00%
Chairman -  $0.702 $0.564 $0.665 $0.607 $0.759 $0.626 $0.877 $0.953 $1.084
Options - percentage 0.02% 0.177 0.02% 0.191 0.02% 0.208 0.02% 0.225 0.02% 0.242 0.03% 0.261 0.03% 0.280 0.03% 0.297 0.03% 6.17%
Options - amount $5.724 $4.979 $6.353 $6.327 $8.549 $7.559 $11.437 $13.324 $16.085
Desmarais, Paul G.
Director Shares - M$
Desmarais Family Residuary Trust 71.74% 709.305 71.81% 657.587 70.92% 657.587 70.87% 657.587 70.66% 657.587 70.57% 657.587 70.52% Last filed in Apr 2019 #DIV/0!
10% Holder - Shares - Amt $24,896.62 $19,988.23 $21,871.35 $19,957.77 $24,962.01 $20,582.478 $28,841.773
Increase in O/S Shares 0.10% 4.124 0.42% 1.144 0.12% 1.243 0.13% 0.572 0.06% 2.767 0.30% 1.233 0.13% 4.296 0.46% 2.380 0.26% Average 177.36%
due to SO $35.729 $144.764 $40.156 $41.334 $17.358 $105.044 $38.586 $188.425 $113.438
Book Value $31.000 $143.000 $39.000 $39.000 $5.651 $97.000 $43.000 $158.000 $88.000
Insider Buying -$0.969 -$0.035 -$0.062 -$0.083 -$2.406 -$0.195 $0.000 $0.000 $0.000
Insider Selling $2.186 $5.636 $0.000 $0.705 $2.863 $2.502 $9.076 $22.672 $12.357
Net Insider Selling $1.217 $5.601 -$0.062 $0.622 $0.457 $2.306 $9.076 $22.672 $12.357
% of Market Cap 0.00% 0.02% 0.00% 0.00% 0.00% 0.01% 0.02% 0.05% 0.02%
Directors 22 22 22 19 18 19 19 19
Women 19% 5 23% 5 23% 6 27% 6 32% 5 28% 6 32% 6 32% 6 32%
Minorities 10% 1 5% 1 5% 1 5% 1 5% 1 6% 2 11% 1 5% 1 5%
Institutions/Holdings 8.41% 212 81.68%
Value of Shares Held $2,917.54 $25,189.98
Total Shares Held 8.70% 783.000 79.19%
Value of Shares Held $3,018.60 $27,483.30
Increase/Decrease -1.15% -3.000 -0.38%
Starting No. of Shares Morningstar 786.000 Morningstar
Institutions/Holdings 7.00% 2 4.46% 20 4.46% 20 13.30% 20 13.30% 20 42.53% 20 11.69% 20 8.64% Morningstar now top 20
Total Shares Held 0.07% 0.066 0.01% 762.842 82.27% 123.638 13.29% 67.716 7.27% 396.051 42.48% 109.004 11.69% 79.897 8.64%
Increase/Decrease 0.28% 0.000 0.11% -11.460 -1.48% 5.627 4.77% -0.520 -0.76% 18.513 4.90% 0.974 0.90% -26.294 -24.76%
Starting No. of Shares Nasdaq 0.066 Reuters 774.302 Reuters 118.012 MS Top 20 68.236 MS Top 20 377.538 MS Top 20 108.030 MS Top 20 106.191 MS Top 20
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