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. Q1 2026 For annual statement - see Press Release
See my website on stocks or see my blog at the following sites.  https://spbrunner.com/stocks.html https://spbrunner.blogspot.com/ 3/31/26 <-estimates https://www.annualreports.com/Company/tfi-international-inc
TFI International Inc TSX: TFII NYSE TFII https://tfiintl. com/en/ Fiscal Yr: Dec 31 Google to get earlier reports and also use Transforce, the old company name.
Year 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 12/31/28 Value Description #Y Item Total G Curr
Accounting Rules IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS
USD - CDN$ 1.0636 1.1601 1.3847 1.3427 1.2545 1.3642 1.2988 1.2732 1.2678 1.3544 1.3226 1.4389 1.3706 1.3716 1.3716 1.3716 1.49% <-IRR #YR-> 5 USD - CDN$
Change 6.91% 9.07% 19.36% -3.04% -6.57% 8.74% -4.79% -1.97% -0.42% 6.83% -2.35% 8.79% -4.75% 0.07% 0.00% 0.00% -0.10% <-IRR #YR-> 10 USD - CDN$
Chges in Reporting  <--CDN$ US$-->
$7,792 <-12 mths -1.18%
Revenue $7,357 $6,417 $7,305 $6,913
Fuel Surcharge $1,455 $1,104 $1,092 $972
Revenue* US$ $2,923.7 $3,202.0 $2,910.2 $2,997.8 $3,779.2 $3,755.5 $3,987.4 $3,781.1 $7,220 $8,812 $7,521 $8,397 $7,885 $7,928 $8,348 $8,556 170.93% <-Total Growth 10 Revenue US$
Increase -7.37% 9.52% -9.11% 3.01% 26.06% -0.63% 6.18% -5.17% 90.96% 22.05% -14.65% 11.64% -6.10% 0.55% 5.30% 2.49% 10.48% <-IRR #YR-> 10 Revenue 170.93% US$
5 year Running Average $2,500.6 $2,788.1 $2,967.6 $3,038.0 $3,162.6 $3,329.0 $3,486.0 $3,660.2 $4,505 $5,511 $6,265 $7,146 $7,967 $8,109 $8,016 $8,223 15.83% <-IRR #YR-> 5 Revenue 108.53% US$
Revenue per Share $31.30 $31.29 $29.81 $32.74 $42.40 $43.47 $48.96 $40.48 $78.35 $101.83 $89.07 $99.48 $95.98 $96.51 $101.62 $104.15 10.38% <-IRR #YR-> 10 5 yr Running Average 168.47% US$
Increase -8.00% -0.03% -4.75% 9.83% 29.53% 2.51% 12.63% -17.30% 93.54% 29.97% -12.53% 11.69% -3.52% 0.55% 5.30% 2.49% 16.83% <-IRR #YR-> 5 5 yr Running Average 117.67% US$
5 year Running Average $26.53 $29.08 $30.82 $31.83 $33.51 $35.94 $39.47 $41.61 $50.73 $62.62 $71.74 $81.84 $92.94 $96.57 $96.53 $99.55 12.40% <-IRR #YR-> 10 Revenue per Share 221.99% US$
P/S (Price/Sales) Med 0.68 0.74 0.69 0.62 0.55 0.68 0.61 0.87 1.09 0.91 1.33 1.47 1.11 1.18 0.00 0.00 18.84% <-IRR #YR-> 5 Revenue per Share 137.08% US$
P/S (Price/Sales) Close 0.76 0.82 0.58 0.80 0.59 0.60 0.69 1.27 1.43 0.98 1.53 1.36 1.08 1.08 1.02 1.00 11.67% <-IRR #YR-> 10 5 yr Running Average 201.54% US$
*Revenue in M CDN $ (including Fuel Surcharge) P/S Med 20 yr  0.68 15 yr  0.69 10 yr  0.89 5 yr  1.11 21.29% Diff M/C 17.44% <-IRR #YR-> 5 5 yr Running Average 123.37% US$
-$2,910.2 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $7,884.7
-$3,781.1 $0.0 $0.0 $0.0 $0.0 $7,884.7
-$2,967.6 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $7,967.1
-$3,660.2 $0.0 $0.0 $0.0 $0.0 $7,967.1
-$29.81 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $95.98
-$40.48 $0.00 $0.00 $0.00 $0.00 $95.98
$10,687 <-12 mths -1.11%
Revenue*CDN$ $3,109.6 $3,714.7 $4,029.9 $4,025.2 $4,741.0 $5,123.2 $5,178.9 $4,814.1 $9,154.1 $11,935.6 $9,947.5 $12,082.2 $10,807 $10,874 $11,450 168.16% <-Total Growth 10 Revenue CDN$
Increase -0.97% 19.46% 8.49% -0.12% 17.78% 8.06% 1.09% -7.04% 90.15% 30.39% -16.66% 21.46% -10.56% 0.62% 5.30% 10.37% <-IRR #YR-> 10 Revenue 168.16% CDN$
5 year Running Average $2,557.8 $2,931.4 $3,337.0 $3,603.9 $3,924.1 $4,326.8 $4,619.6 $4,776.5 $5,802.3 $7,241.2 $8,206.0 $9,586.7 $10,785 $11,129 $11,032 17.55% <-IRR #YR-> 5 Revenue 124.48% CDN$
Revenue per Share $33.29 $36.30 $41.28 $43.96 $53.20 $59.30 $63.58 $51.54 $99.34 $137.92 $117.80 $143.14 $131.55 $132.37 $139.38 12.45% <-IRR #YR-> 10 5 yr Running Average 223.20% CDN$
Increase -1.65% 9.04% 13.70% 6.49% 21.02% 11.47% 7.23% -18.93% 92.72% 38.84% -14.59% 21.51% -8.10% 0.62% 5.30% 17.69% <-IRR #YR-> 5 5 yr Running Average 125.80% CDN$
5 year Running Average $27.14 $30.52 $34.58 $37.74 $41.60 $46.81 $52.26 $54.32 $65.39 $82.34 $94.04 $109.95 $125.95 $132.56 $132.85 12.29% <-IRR #YR-> 10 Revenue per Share 218.70% CDN$
P/S (Price/Sales) Med 0.68 0.73 0.64 0.63 0.59 0.66 0.62 0.91 1.07 0.88 1.37 1.38 1.17 1.17 0.00 20.61% <-IRR #YR-> 5 Revenue per Share 155.21% CDN$
P/S (Price/Sales) Close 0.76 0.82 0.57 0.80 0.62 0.60 0.69 1.27 1.43 0.98 1.53 1.36 1.08 1.08 1.02 13.80% <-IRR #YR-> 10 5 yr Running Average 264.27% CDN$
*Revenue in M CDN $ (including Fuel Surcharge) P/S Med 20 yr  0.65 15 yr  0.68 10 yr  0.89 5 yr  1.17 21.13% Diff M/C 18.32% <-IRR #YR-> 5 5 yr Running Average 131.89% CDN$
-$4,029.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $10,806.7
-$4,814.1 $0.0 $0.0 $0.0 $0.0 $10,806.7
-$3,337.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $10,785.2
-$4,776.5 $0.0 $0.0 $0.0 $0.0 $10,785.2
-$41.28 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $131.55
-$51.54 $0.00 $0.00 $0.00 $0.00 $131.55
$4.24 <-12 mths -3.41%
Adjusted Net Income US$ $166.4 $100.2 $105.2 $139.6 $153.5 $235.8 $259.0 $299.8 $498.3 $731.7 $538.3 $489.5 $364.9 -50.13% <-Total Growth 10 Adjusted Net Income US$
Return on Equity ROE 22.38% 11.29% 14.18% 12.85% 13.61% 20.40% 22.34% 16.74% 22.44% 29.71% 20.77% 18.31% 13.63% 19.35% <-Median-> 10 Return on Equity ROE US$
5Yr Median 19.66% 19.66% 19.66% 14.18% 13.61% 13.61% 14.18% 16.74% 20.40% 22.34% 22.34% 20.77% 20.77% 18.57% <-Median-> 10 5Yr Median US$
Adjusted Earnings Basic  $1.03 $1.33 $1.05 $1.55 $1.70 $2.68 $3.11 $3.36 $5.35 $8.19 $6.27 $5.79 $4.39 -46.35% <-Total Growth 10 Adjusted Earnings Diluted US$
Adjusted Earnings Diluted $1.02 $1.30 $1.03 $1.46 $1.66 $2.59 $3.03 $3.30 $5.23 $8.02 $6.18 $5.75 $4.37 $4.64 $6.29 $6.98 -45.51% <-Total Growth 10 Adj Earnings Diluted US$
Increase -34.82% 28.18% -20.66% 41.35% 13.58% 56.51% 16.90% 8.78% 58.48% 53.35% -22.94% -6.96% -24.00% 6.18% 35.56% 10.97% 15.52% <-IRR #YR-> 10 Earnings per Share 323.17% US$
Earnings Yield 4.29% 5.09% 5.99% 5.58% 6.66% 10.01% 8.98% 6.40% 4.67% 8.00% 4.54% 4.26% 4.23% 4.46% 6.05% 6.71% 5.78% <-IRR #YR-> 5 Earnings per Share 32.42% US$
5 year Running Average $1.06 $1.20 $1.19 $1.27 $1.29 $1.61 $1.96 $2.41 $3.16 $4.44 $5.15 $5.70 $5.91 $5.79 $5.45 $5.61 8.57% <-IRR #YR-> 10 5 yr Running Average 396.64% US$
Payout Ratio 48.15% 38.41% 47.55% 34.69% 36.54% 23.73% 24.37% 24.75% 17.57% 13.47% 22.65% 27.83% 41.19% 40.52% 29.89% 26.93% 19.66% <-IRR #YR-> 5 5 yr Running Average 145.30% US$
5 year Running Average 43.85% 39.22% 41.26% 40.08% 41.07% 36.18% 33.38% 28.82% 25.39% 20.78% 20.56% 21.25% 24.54% 29.13% 32.42% 33.27% 27.10% <-Median-> 10 Payout 5 yr Running Average US$
Price/AEPS Median 20.83 17.80 20.03 13.80 14.15 11.46 9.88 10.69 16.39 11.51 19.18 25.36 24.47 24.50 0.00 0.00 13.97 <-Median-> 10 Price/AEPS Median US$
Price/AEPS High 23.30 19.78 23.83 18.18 16.40 13.70 11.21 16.20 22.98 13.92 22.25 28.01 32.07 27.08 0.00 0.00 17.29 <-Median-> 10 Price/AEPS High US$
Price/AEPS Low 18.36 15.83 16.22 9.42 11.90 9.23 8.54 5.18 9.80 9.10 16.11 22.71 16.88 21.92 0.00 0.00 9.61 <-Median-> 10 Price/AEPS Low US$
Price/AEPS Close 23.30 19.64 16.70 17.91 15.01 9.99 11.14 15.63 21.44 12.50 22.00 23.49 23.65 22.42 16.54 14.91 16.77 <-Median-> 10 Price/AEPS Close US$
Trailing P/AEPS Close 15.19 25.18 13.25 25.32 17.04 15.64 13.03 17.00 33.97 19.17 16.96 21.86 17.97 23.81 22.42 16.54 17.51 <-Median-> 10 Trailing P/AEPS Close US$
* fr2009 Adj ESP Bef Impair., Fr 2015 continuing op Historical   in order 12.24 16.20 9.23 15.01 P/AEPS 5 Yrs   in order 19.18 22.98 16.11 22.00 16.89% Diff M/C 60.45% Diff M/C 10 * fr2009 Adj ESP Before Impairment, Fr 2015 continuing operations.
$5.82 <-12 mths -2.84%
Adjusted Net Income CDN$ $177.00 $116.20 $145.7 $187.4 $192.6 $321.6 $336.4 $381.7 $631.7 $991.0 $712.0 $704.4 $500.2 -49.53% <-Total Growth 10 Adjusted Net Income CDN$
Return on Equity ROE 22.38% 11.29% 14.18% 12.85% 13.61% 20.40% 22.34% 16.74% 22.44% 29.71% 20.77% 18.31% 13.63% 19.35% <-Median-> 10 Return on Equity ROE
5Yr Median 19.66% 19.66% 19.66% 14.18% 13.61% 13.61% 14.18% 16.74% 20.40% 22.34% 22.34% 20.77% 20.77% 18.57% <-Median-> 10 5Yr Median
Adjusted Earnings Basic Calc $1.91 $1.17 $1.45 $2.00 $2.13 $3.66 $4.03 $4.28 $6.79 $11.09 $8.29 $8.33 $6.02 Adjusted Earnings Basic CDN$
Adjusted Earnings Diluted Calc $1.88 $1.15 $1.43 $1.96 $2.08 $3.54 $3.94 $4.20 $6.63 $10.86 $8.18 $8.26 $6.00 Adjusted Earnings Diluted CDN$
Adjusted Earnings Basic $1.10 $1.54 $1.45 $2.08 $2.13 $3.66 $4.03 $4.28 $6.79 $11.09 $8.29 $8.33 $6.02 -45.71% <-Total Growth 10 Adjusted Earnings Basic Continuing  CDN$
Adjusted Earnings Diluted $1.08 $1.51 $1.43 $1.96 $2.08 $3.54 $3.94 $4.20 $6.63 $10.86 $8.17 $8.27 $5.99 $6.36 $8.63 $9.57 -44.86% <-Total Growth 10 Adj Earnings Diluted CDN$
Increase -30.32% 39.81% -5.30% 37.06% 6.12% 70.19% 11.30% 6.64% 57.81% 63.82% -24.75% 1.22% -27.61% 6.26% 35.56% 10.97% 15.40% <-IRR #YR-> 10 Earnings per Share 318.85% CDN$
Earnings Yield 4.28% 5.10% 6.06% 5.60% 6.33% 10.03% 8.93% 6.41% 4.67% 8.01% 4.53% 4.26% 4.22% 4.46% 6.04% 6.70% 7.35% <-IRR #YR-> 5 Earnings per Share 42.55% CDN$
5 year Running Average $1.08 $1.25 $1.33 $1.51 $1.61 $2.10 $2.59 $3.14 $4.08 $5.83 $6.76 $7.63 $7.99 $7.93 $7.49 $7.77 9.93% <-IRR #YR-> 10 5 yr Running Average 502.26% CDN$
Payout Ratio 48.15% 38.41% 47.55% 34.69% 36.54% 23.73% 24.37% 24.75% 17.57% 13.47% 22.65% 27.83% 41.19% 40.52% 29.89% 26.93% 20.49% <-IRR #YR-> 5 5 yr Running Average 153.98% CDN$
5 year Running Average 43.85% 39.22% 41.26% 40.08% 41.07% 36.18% 33.38% 28.82% 25.39% 20.78% 20.56% 21.25% 24.54% 29.13% 32.42% 33.27% 27.10% <-Median-> 10 Payout 5 yr Running Average CDN$
Price/AEPS Median 20.81 17.47 18.45 14.03 15.03 11.04 10.07 11.12 16.08 11.11 19.71 23.85 25.59 24.33 0.00 0.00 14.53 <-Median-> 10 Price/AEPS Median CDN$
Price/AEPS High 23.56 19.91 21.71 18.06 17.20 13.68 11.56 16.39 22.35 13.50 22.87 26.58 33.64 26.80 0.00 0.00 17.63 <-Median-> 10 Price/AEPS High CDN$
Price/AEPS Low 18.07 15.04 15.20 10.01 12.85 8.40 8.58 5.84 9.82 8.73 16.54 21.12 17.54 21.86 0.00 0.00 9.91 <-Median-> 10 Price/AEPS Low CDN$
Price/AEPS Close 23.39 19.60 16.51 17.85 15.80 9.97 11.20 15.60 21.40 12.48 22.05 23.48 23.69 22.44 16.55 14.92 16.82 <-Median-> 10 Price/AEPS Close CDN$
Trailing P/AEPS Close 16.30 27.40 15.64 24.46 16.77 16.97 12.46 16.63 33.77 20.45 16.59 23.76 17.15 23.84 22.44 16.55 17.06 <-Median-> 10 Trailing P/AEPS Close CDN$
* fr2009 Adj ESP Bef Impair., Fr 2015 continuing op Historical   in order 12.18 16.39 9.53 15.60 P/AEPS 5 Yrs   in order 19.71 22.87 16.54 22.05 13.87% Diff M/C 54.45% Diff M/C 10 * fr2009 Adj ESP Before Impairment, Fr 2015 continuing operations.
$3.58 <-12 mths -3.76%
Difference Basic/Dilutes US$ -1.49% -2.33% -1.84% -1.90% -2.86% -3.01% -2.31% -1.94% -2.38% -2.06% -1.36% -0.80% -0.53%
EPS Basic US$ $0.63 $1.11 $1.18 $5.09 $1.39 $2.43 $3.00 $3.09 $7.14 $9.21 $5.88 $5.00 $3.74 217.73% <-Total Growth 10 EPS Basic US$
EPS Diluted* $0.62 $1.09 $1.16 $4.99 $1.36 $2.36 $2.93 $3.03 $6.97 $9.02 $5.80 $4.96 $3.72 $4.05 $5.59 $6.98 221.95% <-Total Growth 10 EPS Diluted US$
Increase -60.17% 75.03% 6.38% 331.86% -72.84% 74.18% 23.95% 3.56% 130.03% 29.41% -35.70% -14.48% -25.00% 8.79% 38.00% 24.98% 10 0 10 Years of Data, EPS P or N 100.00%
Earnings Yield 2.6% 4.2% 6.7% 19.1% 5.4% 9.1% 8.7% 5.9% 6.2% 9.0% 4.3% 3.7% 3.6% 721.4% 1012.2% 1437.4% 12.40% <-IRR #YR-> 10 Earnings per Share 221.95% US$
5 year Running Average $0.89 $1.08 $1.09 $1.88 $1.84 $2.19 $2.56 $2.93 $3.33 $4.86 $5.55 $5.96 $6.09 $5.51 $4.82 $5.06 4.19% <-IRR #YR-> 5 Earnings per Share 22.77% US$
10 year Running Average $0.99 $1.00 $0.95 $1.29 $1.38 $1.54 $1.82 $2.01 $2.61 $3.35 $3.87 $4.26 $4.51 $4.42 $4.84 $5.30 18.75% <-IRR #YR-> 10 5 yr Running Average 457.82% US$
* Diluted ESP per share  E/P 10 Yrs 6.05% 5Yrs 4.27% 15.76% <-IRR #YR-> 5 5 yr Running Average 107.83% US$
-$1.16 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.72
-$3.03 $0.00 $0.00 $0.00 $0.00 $3.72
-$1.09 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $6.09
-$2.93 $0.00 $0.00 $0.00 $0.00 $6.09
$5.55 <-12 mths 8.87%
Difference Basic/Dilutes.CDN$ -1.49% -2.33% -1.84% -1.90% -2.86% -3.01% -2.31% -1.94% -2.38% -2.06% -1.36% -0.80% -0.53%
EPS Basic CDN$ $0.67 $1.29 $1.63 $6.83 $1.75 $3.32 $3.89 $3.93 $9.05 $12.47 $7.78 $7.19 $5.13 214.48% <-Total Growth 10 EPS Basic CDN$
EPS Diluted* $0.66 $1.26 $1.60 $6.70 $1.70 $3.22 $3.80 $3.86 $8.84 $12.22 $7.67 $7.14 $5.10 $5.55 $7.66 $9.57 218.66% <-Total Growth 10 EPS Diluted CDN$
Increase -57.42% 90.91% 26.98% 318.75% -74.63% 89.41% 18.01% 1.52% 129.06% 38.25% -37.21% -6.96% -28.56% 8.87% 38.00% 24.98% 10 0 10 Years of Data, EPS P or N 100.00%
Earnings Yield 2.6% 4.3% 6.8% 19.2% 5.2% 9.1% 8.6% 5.9% 6.2% 9.0% 4.3% 3.7% 3.6% 3.9% 5.4% 6.7% 12.29% <-IRR #YR-> 10 Earnings per Share 218.66% CDN$
5 year Running Average $0.90 $1.12 $1.23 $2.35 $2.38 $2.90 $3.40 $3.86 $4.28 $6.39 $7.28 $7.94 $8.19 $7.53 $6.62 $7.00 5.74% <-IRR #YR-> 5 Earnings per Share 32.16% CDN$
10 year Running Average $1.09 $1.10 $1.06 $1.55 $1.67 $1.90 $2.26 $2.54 $3.32 $4.39 $5.09 $5.67 $6.02 $5.91 $6.50 $7.14 20.92% <-IRR #YR-> 10 5 yr Running Average 568.19% CDN$
* Diluted ESP per share  E/P 10 Yrs 6.06% 5Yrs 4.26% 16.27% <-IRR #YR-> 5 5 yr Running Average 112.47% CDN$
-$1.60 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.10
-$3.86 $0.00 $0.00 $0.00 $0.00 $5.10
-$1.23 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $8.19
-$3.86 $0.00 $0.00 $0.00 $0.00 $8.19
Dividend* US$ $1.90 $2.01 $2.15 Estimates Dividend* US$ US$
Increase 5.33% 6.01% 6.97% Estimates Increase US$
Payout Ratio EPS 46.85% 35.99% 30.80% Estimates Payout Ratio EPS
Comments Comments US$
Special Dividends US$ PD US$ (21) $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 $0.00 <-Median-> 10 Special Dividends US$
Dividend* $0.49 $0.50 $0.49 $0.51 $0.61 $0.62 $0.74 $0.82 $0.92 $1.08 $1.40 $1.60 $1.80 $1.88 $1.88 $1.88 266.55% <-Total Growth 10 Dividends US$
Increase -0.73% 2.26% -1.78% 3.13% 19.62% 1.64% 20.04% 10.51% 12.48% 17.55% 29.63% 14.29% 12.50% 4.44% 0.00% 0.00% 19 4 23 Years of data Count P, N US$
Average Increases 5 Year Running -3.26% 5.67% 4.27% 3.87% 4.50% 4.97% 8.53% 10.99% 12.86% 12.44% 18.04% 16.89% 17.29% 15.68% 12.17% 6.25% 11.72% <-Median-> 10 Average Incr 5 Year Running US$
Dividends 5 Yr Running $0.44 $0.46 $0.48 $0.50 $0.52 $0.54 $0.59 $0.66 $0.74 $0.83 $0.99 $1.16 $1.36 $1.55 $1.71 $1.81 183.84% <-Total Growth 10 Dividends 5 Yr Running US$
Yield H/L Price 2.31% 2.16% 2.37% 2.51% 2.58% 2.07% 2.47% 2.32% 1.07% 1.17% 1.18% 1.10% 1.68% 1.65% 1.88% <-Median-> 10 Yield H/L Price US$
Yield on High  Price 2.07% 1.94% 2.00% 1.91% 2.23% 1.73% 2.17% 1.53% 0.76% 0.97% 1.02% 0.99% 1.28% 1.50% 1.41% <-Median-> 10 Yield on High  Price US$
Yield on Low Price 2.62% 2.43% 2.93% 3.68% 3.07% 2.57% 2.85% 4.78% 1.79% 1.48% 1.41% 1.23% 2.44% 1.85% 2.51% <-Median-> 10 Yield on Low Price US$
Yield on Close Price 2.07% 1.96% 2.85% 1.94% 2.43% 2.37% 2.19% 1.58% 0.82% 1.08% 1.03% 1.18% 1.74% 1.81% 1.81% 1.81% 1.66% <-Median-> 10 Yield on Close Price US$
Payout Ratio EPS 78.79% 46.03% 42.50% 10.15% 44.71% 26.09% 25.26% 26.96% 13.18% 11.97% 24.14% 32.26% 48.39% 46.45% 33.66% 26.93% 25.68% <-Median-> 10 DPR EPS US$
DPR EPS 5 Yr Running 49.39% 42.69% 43.85% 26.34% 28.15% 24.84% 23.14% 22.40% 22.21% 17.16% 17.86% 19.53% 22.31% 28.17% 35.50% 35.74% 22.36% <-Median-> 10 DPR EPS 5 Yr Running US$
Payout Ratio CFPS 20.60% 19.46% 15.62% 18.52% 21.16% 13.35% 14.39% 12.49% 9.90% 9.62% 11.66% 12.71% 15.12% 16.83% 14.83% #DIV/0! 13.03% <-Median-> 10 DPR CF US$
DPR CF 5 Yr Running 17.68% 17.96% 17.27% 17.49% 18.94% 17.08% 16.00% 15.00% 13.00% 11.33% 11.21% 11.26% 11.93% 13.18% 14.18% #DIV/0! 14.00% <-Median-> 10 DPR CF 5 Yr Running US$
Payout Ratio CFPS WC 14.69% 14.63% 13.39% 14.10% 14.41% 10.78% 10.81% 10.89% 7.93% 6.58% 9.76% 9.94% 13.35% 16.83% 14.83% #DIV/0! 10.80% <-Median-> 10 DPR CF WC US$
DPR CF WC 5 Yr Running 14.10% 13.55% 13.40% 13.60% 14.24% 13.21% 12.32% 11.79% 10.31% 8.68% 8.74% 8.82% 9.45% 10.85% 12.63% #DIV/0! 11.05% <-Median-> 10 DPR CF WC 5 Yr Running US$
Median Values 10 Yr Med 10 Yr Cl 1.88% 1.66% 5 Yr Med 5 Yr Cl 1.17% 1.08% 5 Yr Med Payout 24.14% 11.66% 9.76% 17.12% <-IRR #YR-> 5 Dividends 120.36% US$
* Dividends per share  10 Yr Med and Cur. -3.70% 8.68% 5 Yr Med and Cur. 54.43% 67.72% Last Div Inc ---> $0.450 $0.470 4.44% 13.87% <-IRR #YR-> 10 Dividends 266.55% US$
Dividends Growth 15 10.51% <-IRR #YR-> 15 Dividends 347.57% US$
Dividends Growth 20 2.51% <-IRR #YR-> 20 Dividends 64.11% US$
Dividends Growth 25 4.05% <-IRR #YR-> 23 Dividends
Dividends Growth 5 -$0.82 $0.00 $0.00 $0.00 $0.00 $1.80 Dividends Growth 5
Dividends Growth 10 -$0.49 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.80 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 $1.80 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 $1.80 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 $1.80 Dividends Growth 25
Historical Dividends Historical High Div 17.95% Low Div 0.98% 10 Yr High 4.67% 10 Yr Low 0.78% Med Div 2.51% Close Div 2.43% Historical Dividends
High/Ave/Median Values Curr diff Exp. -89.93%     84.39% Exp. -61.31% 131.67% Exp. -28.01% Exp. -25.79% High/Ave/Median 
Future Dividend Yield Div Yd 3.98% earning in 5 Years at IRR of 17.12% Div Inc. 120.36% Future Dividend Yield
Future Dividend Yield Div Yd 8.77% earning in 10 Years at IRR of 17.12% Div Inc. 385.59% Future Dividend Yield
Future Dividend Yield Div Yd 19.34% earning in 15 Years at IRR of 17.12% Div Inc. 970.06% Future Dividend Yield
Future Dividend Paid Div Paid $4.14 earning in 5 Years at IRR of 17.12% Div Inc. 120.36% Future Dividend Paid
Future Dividend Paid Div Paid $9.13 earning in 10 Years at IRR of 17.12% Div Inc. 385.59% Future Dividend Paid
Future Dividend Paid Div Paid $20.12 earning in 15 Years at IRR of 17.12% Div Inc. 970.06% Future Dividend Paid
Dividend Covering Cost Total Div $13.22 over 5 Years at IRR of 17.12% Div Cov. 12.70% Dividend Covering Cost
Dividend Covering Cost Total Div $38.20 over 10 Years at IRR of 17.12% Div Cov. 36.72% Dividend Covering Cost
Dividend Covering Cost Total Div $93.26 over 15 Years at IRR of 17.12% Div Cov. 89.64% Dividend Covering Cost
Dividend* CDN$ $2.60 $2.76 $2.95 Estimates Dividend* CDN$ CDN$
Increase 5.41% 6.01% 6.97% Estimates Increase CDN$
Payout Ratio EPS 46.85% 35.99% 30.80% Estimates Payout Ratio EPS
Comments Comments CDN$
I got in CDN$ from 2020 $1.04 $1.14 $1.39 $1.86 $2.16 $2.22 I got in CDN$ from 2020 CDN$
Special Dividends CDN$ PD US$(21) $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 $0.00 <-Median-> 10 Special Dividends CDN$
Dividend* $0.52 $0.58 $0.68 $0.68 $0.76 $0.84 $0.96 $1.04 $1.16 $1.46 $1.85 $2.30 $2.47 $2.58 $2.58 $2.58 262.81% <-Total Growth 10 Dividends CDN$
Increase 6.12% 11.54% 17.24% 0.00% 11.76% 10.53% 14.29% 8.33% 12.00% 25.58% 26.59% 24.34% 7.16% 4.52% 0.00% 0.00% 18 2 23 Years of data Count P, N CDN$
Average Increases 5 Year Running -4.64% 7.82% 11.27% 9.77% 9.33% 10.21% 10.76% 8.98% 11.38% 14.15% 17.36% 19.37% 19.13% 17.64% 12.52% 7.20% 11.07% <-Median-> 10 Average Incr 5 Year Running CDN$
Dividends 5 Yr Running $0.45 $0.48 $0.54 $0.59 $0.64 $0.71 $0.78 $0.86 $0.95 $1.09 $1.30 $1.56 $1.85 $2.13 $2.36 $2.50 242.54% <-Total Growth 10 Dividends 5 Yr Running CDN$
Yield H/L Price 2.31% 2.20% 2.58% 2.47% 2.43% 2.15% 2.42% 2.23% 1.09% 1.21% 1.15% 1.17% 1.61% 1.88% <-Median-> 10 Yield H/L Price CDN$
Yield on High  Price 2.04% 1.93% 2.19% 1.92% 2.12% 1.73% 2.11% 1.51% 0.79% 1.00% 0.99% 1.05% 1.22% 1.37% <-Median-> 10 Yield on High  Price CDN$
Yield on Low Price 2.66% 2.55% 3.13% 3.47% 2.84% 2.82% 2.84% 4.24% 1.79% 1.54% 1.37% 1.32% 2.35% 2.59% <-Median-> 10 Yield on Low Price CDN$
Yield on Close Price 2.06% 1.96% 2.88% 1.94% 2.31% 2.38% 2.18% 1.59% 0.82% 1.08% 1.03% 1.19% 1.74% 1.81% 1.81% 1.81% 1.66% <-Median-> 10 Yield on Close Price CDN$
Payout Ratio EPS 78.79% 46.03% 42.50% 10.15% 44.71% 26.09% 25.26% 26.96% 13.18% 11.97% 24.14% 32.26% 48.39% 46.45% 33.66% 26.93% 25.68% <-Median-> 10 DPR EPS CDN$
DPR EPS 5 Yr Running 50.00% 43.06% 44.05% 25.06% 27.01% 24.45% 23.03% 22.20% 22.25% 17.12% 17.81% 19.69% 22.58% 28.30% 35.56% 35.71% 22.41% <-Median-> 10 DPR EPS 5 Yr Running CDN$
Payout Ratio CFPS 20.60% 19.46% 15.62% 18.52% 21.16% 13.35% 14.39% 12.49% 9.90% 9.62% 11.66% 12.71% 15.12% 16.83% 14.83% #DIV/0! 13.03% <-Median-> 10 DPR CF CDN$
DPR CF 5 Yr Running 17.72% 18.04% 17.23% 17.49% 18.81% 16.95% 15.95% 14.99% 13.00% 11.33% 11.20% 11.29% 11.97% 13.19% 14.19% #DIV/0! 13.99% <-Median-> 10 DPR CF 5 Yr Running CDN$
Payout Ratio CFPS WC 14.69% 14.63% 13.39% 14.10% 14.41% 10.78% 10.81% 10.86% 7.92% 6.71% 9.72% 10.12% 13.28% 16.83% 14.83% #DIV/0! 10.80% <-Median-> 10 DPR CF WC CDN$
DPR CF WC 5 Yr Running 14.14% 13.60% 13.44% 13.65% 14.20% 13.15% 12.31% 11.78% 10.31% 8.72% 8.76% 8.90% 9.55% 10.94% 12.65% #DIV/0! 11.04% <-Median-> 10 DPR CF WC 5 Yr Running CDN$
Median Values 10 Yr Med 10 Yr Cl 1.88% 1.66% 5 Yr Med 5 Yr Cl 1.17% 1.08% 5 Yr Med Payout 24.14% 11.66% 9.72% 18.86% <-IRR #YR-> 5 Dividends 137.22% CDN$
* Dividends per share  10 Yr Med and Cur. -3.91% 8.58% 5 Yr Med and Cur. 54.76% 67.40% Last Div Inc ---> $0.450 $0.470 4.44% 13.75% <-IRR #YR-> 10 Dividends 262.81% CDN$
Dividends Growth 15 12.90% <-IRR #YR-> 15 Dividends 516.77% CDN$
Dividends Growth 20 3.34% <-IRR #YR-> 20 Dividends 92.93% CDN$
Dividends Growth 25 3.41% <-IRR #YR-> 23 Dividends
Dividends Growth 5 -$1.04 $0.00 $0.00 $0.00 $0.00 $2.47 Dividends Growth 5
Dividends Growth 10 -$0.68 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.47 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 $2.47 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 $2.47 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 $2.47
Historical Dividends Historical High Div 16.92% Low Div 0.99% 10 Yr High 4.16% 10 Yr Low 0.81% Med Div 2.47% Close Div 2.38% 2.23% since 2011 Historical Dividends
High/Ave/Median Values Curr diff Exp. -89.33%     82.39% Exp. -56.60% 122.92% Exp. -26.90% Exp. -24.12% -19.03% High/Ave/Median 
Future Dividend Yield Div Yd 4.28% earning in 5 Years at IRR of 18.86% Div Inc. 137.22% Future Dividend Yield
Future Dividend Yield Div Yd 10.16% earning in 10 Years at IRR of 18.86% Div Inc. 462.73% Future Dividend Yield
Future Dividend Yield Div Yd 24.10% earning in 15 Years at IRR of 18.86% Div Inc. 1234.90% Future Dividend Yield
Future Dividend Paid Div Paid $6.12 earning in 5 Years at IRR of 18.86% Div Inc. 137.22% Future Dividend Paid
Future Dividend Paid Div Paid $14.51 earning in 10 Years at IRR of 18.86% Div Inc. 462.73% Future Dividend Paid
Future Dividend Paid Div Paid $34.42 earning in 15 Years at IRR of 18.86% Div Inc. 1234.90% Future Dividend Paid
Dividend Covering Cost Total Div $18.76 over 5 Years at IRR of 18.86% Div Cov. 13.14% Dividend Covering Cost
Dividend Covering Cost Total Div $57.15 over 10 Years at IRR of 18.86% Div Cov. 40.02% Dividend Covering Cost
Dividend Covering Cost Total Div $148.23 over 15 Years at IRR of 18.86% Div Cov. 103.79% Dividend Covering Cost
I am earning GC Div Gr 239.29% 5-May-17 # yrs -> 10 2017 $28.11 Cap Gain 408.04% I am earning GC
I am earning Div org yield 2.70% 31-Dec-27 Trading Div G Yrly 12.14% Div start $0.76 -2.70% 9.17% I am earning Div
Yield if held 5 years 8.33% 10.25% 6.44% 5.27% 4.54% 3.74% 3.64% 3.94% 4.24% 4.68% 4.74% 5.80% 5.28% 2.42% 2.14% 1.60% 4.61% <-Median-> 10 Paid Median Price CDN$
Yield if held 10 years 6.19% 4.65% 4.30% 4.25% 6.30% 13.45% 16.96% 9.85% 9.02% 8.74% 8.24% 8.73% 9.35% 9.38% 8.25% 6.60% 8.88% <-Median-> 10 Paid Median Price CDN$
Yield if held 15 years 23.37% 23.15% 31.70% 30.02% 13.79% 10.01% 7.70% 6.57% 7.29% 12.12% 29.65% 40.68% 23.36% 19.97% 15.41% 11.47% 12.96% <-Median-> 10 Paid Median Price CDN$
Yield if held 20 years 46.35% 56.50% 69.71% 109.68% 85.63% 37.75% 38.32% 48.48% 51.43% 26.55% 22.06% 18.47% 15.59% 16.13% 21.37% 41.29% 38.04% <-Median-> 10 Paid Median Price CDN$
Yield if held 25 years 52.51% 47.39% 52.23% 74.87% 93.52% 106.61% 187.87% 164.82% 83.22% 91.91% 115.02% 113.85% 46.80% 30.72% 92.71% <-Median-> 10 Paid Median Price CDN$
Yield if held 30 years 80.31% 81.17% 100.53% 165.03% 224.28% 252.90% 415.90% 290.55% 115.89% 132.78% <-Median-> 6 Paid Median Price CDN$
Yield if held 35 years 190.51% 179.69% 177.22% 229.82% 190.51% <-Median-> 1 Paid Median Price CDN$
Cost covered if held 5 years 35.87% 42.76% 25.57% 22.84% 19.25% 15.75% 14.86% 16.22% 17.33% 17.49% 16.57% 19.71% 19.80% 10.00% 9.76% 7.76% 17.41% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 10 years 114.33% 72.32% 49.30% 41.50% 48.23% 92.55% 112.01% 66.10% 59.74% 51.93% 44.57% 44.50% 51.26% 56.10% 55.18% 48.56% 51.60% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 15 years 533.83% 497.31% 612.48% 610.05% 243.88% 156.49% 103.77% 76.34% 71.31% 93.55% 196.30% 250.20% 153.68% 142.29% 122.33% 100.20% 155.09% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 20 years 1058.62% 1213.61% 1346.77% 2228.66% 1642.56% 692.93% 653.80% 812.01% 820.42% 343.11% 233.67% 166.52% 134.79% 138.01% 191.17% 396.55% 673.37% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 25 years 1014.49% 962.91% 1001.90% 1374.13% 1595.49% 1785.52% 2997.17% 2258.62% 984.13% 966.03% 1243.18% 1291.16% 556.87% 382.63% 1308.65% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 30 years 1345.00% 1294.95% 1377.68% 1951.59% 2357.44% 2733.59% 4716.90% 3585.74% 1546.16% 1664.64% <-Median-> 6 Paid Median Price CDN$
Cost covered if held 35 years 2059.17% 2037.97% 2187.18% 3066.13% 2059.17% <-Median-> 1 Paid Median Price CDN$
Yr  Item Tot. Growth Per Year
Revenue Growth US$ $3,781.1 $7,220.4 $8,812.5 $7,521.2 $8,396.8 $7,884.7 $7,792 <-12 mths -1.18% 108.53% <-Total Growth 5 Revenue Growth  108.53% 15.83%
AEPS Growth $3.30 $5.23 $8.02 $6.18 $5.75 $4.37 $4.24 <-12 mths -2.91% 32.42% <-Total Growth 5 AEPS Growth 32.42% 5.78%
Net Income Growth $275.7 $664.4 $823.2 $504.9 $422.5 $310.6 $398 <-12 mths 28.30% 12.65% <-Total Growth 5 Net Income Growth 12.65% 2.41%
Cash Flow Growth $610.9 $855.4 $971.6 $1,013.8 $1,062.7 $977.8 60.07% <-Total Growth 5 Cash Flow Growth 60.07% 9.87%
Dividend Growth $0.82 $0.92 $1.08 $1.40 $1.60 $1.80 $1.88 <-12 mths 4.44% 120.36% <-Total Growth 5 Dividend Growth 120.36% 17.12%
Stock Price Growth $51.58 $112.11 $100.24 $135.98 $135.09 $103.35 $142.81 <-12 mths 38.18% 100.37% <-Total Growth 5 Stock Price Growth 100.37% 14.91%
Revenue Growth  $2,910.2 $2,997.8 $3,779.2 $3,755.5 $3,987.4 $3,781.1 $7,220.4 $8,812.5 $7,521.2 $8,396.8 $7,884.7 $7,928 <-this year 0.55% 170.93% <-Total Growth 10 Revenue Growth  170.93% 10.48%
AEPS Growth $1.03 $1.46 $1.66 $2.59 $3.03 $3.30 $5.23 $8.02 $6.18 $5.75 $4.37 $4.64 <-this year 6.18% 323.17% <-Total Growth 10 AEPS Growth 323.17% 15.52%
Net Income Growth $118.0 $476.3 $125.9 $214.0 $238.9 $275.7 $664.4 $823.2 $504.9 $422.5 $310.6 $451 <-this year 45.35% 163.12% <-Total Growth 10 Net Income Growth 163.12% 10.16%
Cash Flow Growth $306.9 $250.4 $255.2 $398.4 $418.5 $610.9 $855.4 $971.6 $1,013.8 $1,062.7 $977.8 $918 <-this year -6.15% 218.64% <-Total Growth 10 Cash Flow Growth 218.64% 12.29%
Dividend Growth $0.49 $0.51 $0.61 $0.62 $0.74 $0.82 $0.92 $1.08 $1.40 $1.60 $1.80 $2.60 <-this year 44.48% 266.55% <-Total Growth 10 Dividend Growth 266.55% 13.87%
Stock Price Growth $17.25 $26.15 $24.88 $25.93 $33.80 $51.58 $112.11 $100.24 $135.98 $135.09 $103.35 $142.81 <-this year 38.18% 499.13% <-Total Growth 10 Stock Price Growth 499.13% 19.61%
Dividends on Shares $606.32 $676.28 $792.88 $792.88 $886.16 $979.44 $1,119.36 $1,212.64 $1,358.14 $1,705.57 $2,159.01 $2,684.41 $2,876.62 $3,006.66 $3,006.66 $3,006.66 $31,092.78 No of Years 30 Total Dividends 12/31/96
Paid  $29,453.16 $34,501.94 $27,529.26 $40,786.68 $38,314.76 $41,159.80 $51,443.92 $76,407.98 $165,420.42 $158,121.26 $210,159.84 $226,483.84 $165,420.42 $166,516.46 $166,516.46 $166,516.46 $165,420.42 No of Years 30 Worth $0.86 1,165.50
Total $196,513.20 $1,000.43
Dividends on Shares $29.24 $32.68 $36.12 $41.28 $44.72 $50.09 $62.90 $79.62 $99.00 $106.08 $110.88 $110.88 $110.88 $581.73 No of Years 10 Total Dividends 12/31/15
Paid  $1,015.23 $1,504.14 $1,412.98 $1,517.90 $1,897.16 $2,817.79 $6,100.41 $5,831.23 $7,750.32 $8,352.32 $6,100.41 $6,140.83 $6,140.83 $6,140.83 $6,100.41 No of Years 10 Worth $23.61 42.35
Total $6,682.14 $1,015.23
Graham No.AEPS CDN$ $14.34 $18.49 $18.40 $26.50 $27.26 $38.13 $40.48 $48.03 $67.51 $97.06 $86.40 $92.11 $77.59 $80.01 $93.16 $98.13 321.68% <-Total Growth 10 Graham Price AEPS CDN$
Price/GP Ratio Med 1.57 1.43 1.43 1.04 1.15 1.03 0.98 0.97 1.58 1.24 1.86 2.14 1.98 1.94 1.20 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio High 1.77 1.63 1.69 1.34 1.31 1.27 1.13 1.43 2.20 1.51 2.16 2.39 2.60 2.13 1.47 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Low 1.36 1.23 1.18 0.74 0.98 0.78 0.83 0.51 0.96 0.98 1.57 1.90 1.35 1.74 0.97 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Close 1.76 1.60 1.28 1.32 1.21 0.93 1.09 1.36 2.10 1.40 2.09 2.11 1.83 1.78 1.53 1.46 1.38 <-Median-> 10 Price/GP Ratio CDN$
Prem/Disc Close 76.11% 60.05% 28.31% 31.98% 20.54% -7.42% 8.99% 36.43% 110.16% 39.71% 108.62% 110.89% 82.84% 78.49% 53.30% 45.53% 38.07% <-Median-> 10 Graham Price CDN$
Graham No. EPS CDN$ $11.21 $16.89 $19.46 $49.00 $24.64 $36.36 $39.76 $46.02 $77.93 $102.94 $83.70 $85.54 $71.59 $74.72 $87.78 $98.13 267.81% <-Total Growth 10 Graham Price EPS CDN$
Price/GP Ratio Med 2.00 1.56 1.36 0.56 1.27 1.08 1.00 1.01 1.37 1.17 1.92 2.31 2.14 2.07 1.22 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio High 2.27 1.78 1.60 0.72 1.45 1.33 1.15 1.50 1.90 1.42 2.23 2.57 2.81 2.28 1.47 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Low 1.74 1.34 1.12 0.40 1.08 0.82 0.85 0.53 0.84 0.92 1.62 2.04 1.47 1.86 0.89 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Close 2.25 1.75 1.21 0.71 1.33 0.97 1.11 1.42 1.82 1.32 2.15 2.27 1.98 1.91 1.63 1.46 1.38 <-Median-> 10 Price/GP Ratio CDN$
Prem/Disc Close 125.28% 75.21% 21.30% -28.62% 33.34% -2.92% 10.98% 42.38% 82.05% 31.74% 115.34% 127.06% 98.17% 91.12% 62.69% 45.53% 37.86% <-Median-> 10 Graham Price CDN$
Close CDN$ re Exchange Rate $25.16 $29.66 $23.89 $35.11 $31.21 $35.37 $43.90 $65.67 $142.13 $135.77 $179.85 $194.38 $141.65 $142.70 $142.70 $142.70 Close CDN$ re Exchange Rate
Differnce -$0.10 $0.07 $0.28 $0.13 -$1.65 $0.07 -$0.22 $0.14 $0.26 $0.16 -$0.39 $0.14 -$0.22 -$0.11 -$0.11 -$0.11 Differnce
Month, Year CDN$ Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Dec-26 Dec-27 Dec-28 27.00 <Count Years> Month, Year
Price Close $25.26 $29.59 $23.61 $34.98 $32.86 $35.30 $44.12 $65.53 $141.87 $135.61 $180.24 $194.24 $141.87 $142.81 $142.81 $142.81 500.89% <-Total Growth 10 Stock Price CDN$
Increase 27.19% 17.14% -20.21% 48.16% -6.06% 7.43% 24.99% 48.53% 116.50% -4.41% 32.91% 7.77% -26.96% 0.66% 0.00% 0.00% 12.86 <-Median-> 10 CAPE (10 Yr P/E) CDN$
P/E 38.27 23.48 14.76 5.22 19.33 10.96 11.61 16.99 16.05 11.10 23.50 27.22 27.83 25.73 18.64 14.92 16.71% <-IRR #YR-> 5 Stock Price 116.50% CDN$
Trailing P/E 16.30 44.83 18.74 21.86 4.90 20.76 13.70 17.24 36.77 15.35 14.75 25.32 19.88 28.01 25.73 18.64 19.64% <-IRR #YR-> 10 Stock Price 500.89% CDN$
CAPE (10 Yr P/E) 12.73 13.92 15.07 11.67 12.26 12.41 11.97 12.75 13.65 12.97 14.23 15.66 16.71 18.86 18.82 18.65 18.70% <-IRR #YR-> 5 Price & Dividend 132.20% CDN$
Median 10, 5 Yrs D.  per yr 2.35% 2.00% % Tot Ret 10.67% 10.68% T P/E $18.56 $19.88 P/E:  $16.52 $23.50 21.99% <-IRR #YR-> 10 Price & Dividend 561.07% CDN$
Price 15 D.  per yr 2.48% % Tot Ret 12.37% CAPE Diff 100.03% 17.54% <-IRR #YR-> 15 Stock Price 1029.54% CDN$
Price  20 D.  per yr 2.68% % Tot Ret 19.38% 11.17% <-IRR #YR-> 20 Stock Price 731.59% CDN$
Price  25 D.  per yr 29.63% % Tot Ret 60.48% 19.36% <-IRR #YR-> 25 Stock Price 8245.29% CDN$
Price  30 D.  per yr 11.74% % Tot Ret 38.75% 18.56% <-IRR #YR-> 30 Stock Price 16434.97% CDN$
Price  35 D.  per yr 4.12% % Tot Ret 22.43% 14.25% <-IRR #YR-> 35 Stock Price CDN$
Price & Dividend 15 20.02% <-IRR #YR-> 15 Price & Dividend 1161.93% CDN$
Price & Dividend 20 13.86% <-IRR #YR-> 20 Price & Dividend 867.72% CDN$
Price & Dividend 25 48.98% <-IRR #YR-> 25 Price & Dividend 9813.89% CDN$
Price & Dividend 30 30.31% <-IRR #YR-> 30 Price & Dividend 19542.91% CDN$
Price & Dividend 35 18.37% <-IRR #YR-> 35 Price & Dividend CDN$
Price  5 -$65.53 $0.00 $0.00 $0.00 $0.00 $141.87 Price  5 CDN$
Price 10 -$23.61 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $141.87 Price 10 CDN$
Price & Dividend 5 -$65.53 $1.16 $1.46 $1.85 $2.30 $144.34 Price & Dividend 5 CDN$
Price & Dividend 10 -$23.61 $0.68 $0.76 $0.84 $0.96 $1.04 $1.16 $1.46 $1.85 $2.30 $144.34 Price & Dividend 10 CDN$
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 $141.87 Price 15 CDN$
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 $141.87 Price  20 CDN$
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 $141.87 Price  25 CDN$
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 $141.87 Price  30 CDN$
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 $141.87 Price  35 CDN$
Price & Dividend 15 $0.52 $0.58 $0.68 $0.68 $0.76 $0.84 $0.96 $1.04 $1.16 $1.46 $1.85 $2.30 $144.34 Price & Dividend 15 CDN$
Price & Dividend 20 $0.52 $0.58 $0.68 $0.68 $0.76 $0.84 $0.96 $1.04 $1.16 $1.46 $1.85 $2.30 $144.34 Price & Dividend 20 CDN$
Price & Dividend 25 $0.52 $0.58 $0.68 $0.68 $0.76 $0.84 $0.96 $1.04 $1.16 $1.46 $1.85 $2.30 $144.34 Price & Dividend 25 CDN$
Price & Dividend 30 $0.52 $0.58 $0.68 $0.68 $0.76 $0.84 $0.96 $1.04 $1.16 $1.46 $1.85 $2.30 $144.34 Price & Dividend 30 CDN$
Price & Dividend 35 $0.52 $0.58 $0.68 $0.68 $0.76 $0.84 $0.96 $1.04 $1.16 $1.46 $1.85 $2.30 $144.34 Price & Dividend 35 CDN$
Price H/L Median CDN$ $22.48 $26.39 $26.39 $27.50 $31.26 $39.10 $39.68 $46.71 $106.65 $120.72 $161.08 $197.32 $153.27 $154.83 480.79% <-Total Growth 10 Stock Price CDN$
Increase 34.37% 17.37% 0.02% 4.21% 13.65% 25.08% 1.48% 17.73% 128.32% 13.19% 33.43% 22.50% -22.32% 1.02% 19.23% <-IRR #YR-> 10 Stock Price 480.79% CDN$
P/E 34.06 20.94 16.49 4.10 18.39 12.14 10.44 12.11 12.07 9.88 21.00 27.65 30.06 27.89 26.83% <-IRR #YR-> 5 Stock Price 228.13% CDN$
Trailing P/E 14.50 39.98 20.94 17.19 4.66 23.00 12.32 12.29 27.65 13.66 13.18 25.72 21.48 30.37 21.36% <-IRR #YR-> 10 Price & Dividend 534.63% CDN$
P/E on Run. 5 yr Ave 25.09 23.47 21.53 11.68 13.11 13.50 11.66 12.11 24.90 18.90 22.14 24.84 18.71 20.55 29.21% <-IRR #YR-> 5 Price & Dividend 250.16% CDN$
P/E on Run. 10 yr Ave 20.70 24.07 24.99 17.76 18.76 20.62 17.52 18.38 32.14 27.53 31.67 34.78 25.44 26.20 12.09 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs D.  per yr 2.13% 2.38% % Tot Ret 9.96% 8.15% T P/E 15.42 21.48 P/E:  12.12 21.00 Count 35 Years of data
-$26.39 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $153.27
-$46.71 $0.00 $0.00 $0.00 $0.00 $153.27
-$26.39 $0.68 $0.76 $0.84 $0.96 $1.04 $1.16 $1.46 $1.85 $2.30 $155.74
-$46.71 $1.16 $1.46 $1.85 $2.30 $155.74
High Months CDN$ Dec Nov Mar Dec Jan Sep Apr Nov Oct Dec Sep Apr Jan Feb
Price High $25.44 $30.06 $31.05 $35.39 $35.78 $48.44 $45.55 $68.87 $148.21 $146.65 $186.93 $219.88 $201.46 $170.53 548.82% <-Total Growth 10 Stock Price CDN$
Increase 28.74% 18.16% 3.29% 13.98% 1.10% 35.38% -5.97% 51.20% 115.20% -1.05% 27.47% 17.63% -8.38% -15.35% 20.56% <-IRR #YR-> 10 Stock Price 548.82% CDN$
P/E 38.55 23.86 19.41 5.28 21.05 15.04 11.99 17.85 16.77 12.00 24.37 30.81 39.51 30.72 23.95% <-IRR #YR-> 5 Stock Price 192.52% CDN$
Trailing P/E 16.41 45.55 24.64 22.12 5.34 28.49 14.15 18.12 38.42 16.60 15.30 28.66 28.23 33.45 14.94 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs T P/E 20.12 28.23 P/E:  17.31 24.37 28.14 P/E Ratio Historical High CDN$
-$31.05 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $201.46
-$68.87 $0.00 $0.00 $0.00 $0.00 $201.46
Low Months CDN$ May Mar Aug Feb Jun Feb Jan Mar Jan Jun Jun Feb Apr Mar CDN$
Price Low $19.52 $22.71 $21.73 $19.61 $26.73 $29.75 $33.80 $24.55 $65.09 $94.78 $135.22 $174.76 $105.08 $139.13 383.57% <-Total Growth 10 Stock Price CDN$
Increase 42.48% 16.34% -4.32% -9.76% 36.31% 11.30% 13.61% -27.37% 165.13% 45.61% 42.67% 29.24% -39.87% 32.40% 17.07% <-IRR #YR-> 10 Stock Price 383.57% CDN$
P/E 29.58 18.02 13.58 2.93 15.72 9.24 8.89 6.36 7.37 7.76 17.63 24.49 20.61 25.06 33.75% <-IRR #YR-> 5 Stock Price 328.02% CDN$
Trailing P/E 12.59 34.41 17.25 12.26 3.99 17.50 10.50 6.46 16.87 10.73 11.07 22.78 14.72 27.29 8.87 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs T P/E 11.66 14.72 P/E:  9.07 17.63 5.90 P/E Ratio Historical Low CDN$
-$21.73 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $105.08
Stock price using Exchange $23.75 $25.51 $17.05 $26.05 $26.19 $25.88 $33.97 $51.47 $111.90 $100.13 $136.28 $134.99 $103.51 $104.12 $104.12 $104.12
Month, Year US$ Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Dec-26 Dec-27 Dec-28 27.00 <Count Years> Month, Year US$
Price Close $23.66 $25.57 $17.25 $26.15 $24.88 $25.93 $33.80 $51.58 $112.11 $100.24 $135.98 $135.09 $103.35 $104.04 $104.04 $104.04 499.13% <-Total Growth 10 Stock Price US$
Increase 18.30% 8.07% -32.54% 51.59% -4.86% 4.22% 30.35% 52.60% 117.35% -10.59% 35.65% -0.65% -23.50% 0.67% 0.00% 0.00% 13.08 <-Median-> 10 CAPE (10 Yr P/E) US$
P/E 38.13 23.54 14.93 5.24 18.36 10.99 11.55 17.02 16.08 11.11 23.44 27.24 27.78 25.71 18.63 14.91 14.91% <-IRR #YR-> 5 Stock Price 100.37% US$
Trailing P/E 15.19 41.21 15.88 22.63 4.99 19.13 14.32 17.63 37.00 14.38 15.08 23.29 20.84 27.97 25.71 18.63 19.61% <-IRR #YR-> 10 Stock Price 499.13% US$
CAPE (10 Yr P/E) 12.96 14.11 15.22 12.28 12.67 12.81 12.25 13.01 13.85 13.16 14.30 15.58 16.60 18.72 18.72 18.56 16.85% <-IRR #YR-> 5 Price & Dividend 588.93% US$
Median 10, 5 Yrs D.  per yr 2.43% 1.94% % Tot Ret 11.01% 11.50% T P/E $18.38 $20.84 P/E:  $16.55 $23.44 22.03% <-IRR #YR-> 10 Price & Dividend 2782.32% US$
Price 15 D.  per yr 2.29% % Tot Ret 13.22% CAPE Diff 96.47% 15.01% <-IRR #YR-> 15 Stock Price 714.42% US$
Price  20 D.  per yr 2.88% % Tot Ret 21.93% 10.24% <-IRR #YR-> 20 Stock Price 603.06% US$
Price  25 D.  per yr 9.66% % Tot Ret 40.82% 14.01% <-IRR #YR-> 23 Stock Price #DIV/0! US$
Price  30 D.  per yr #NUM! % Tot Ret #NUM! #NUM! <-IRR #YR-> 30 Stock Price US$
Price & Dividend 15 17.29% <-IRR #YR-> 15 Price & Dividend 6140.52% US$
Price & Dividend 20 13.12% <-IRR #YR-> 20 Price & Dividend 6322.21% US$
Price & Dividend 25 23.66% <-IRR #YR-> 23 Price & Dividend #DIV/0! US$
Price & Dividend 30 #NUM! <-IRR #YR-> 30 Price & Dividend
Price  5 -$51.58 $0.00 $0.00 $0.00 $0.00 $103.35 Price  5
Price 10 -$17.25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $103.35 Price 10
Price & Dividend 5 -$51.58 $0.92 $1.08 $1.40 $1.60 $105.15 Price & Dividend 5
Price & Dividend 10 -$17.25 $0.51 $0.61 $0.62 $0.74 $0.82 $0.92 $1.08 $1.40 $1.60 $105.15 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 $103.35 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 $103.35 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 $103.35 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 $103.35 Price  30
Price & Dividend 15 $0.49 $0.50 $0.49 $0.51 $0.61 $0.62 $0.74 $0.82 $0.92 $1.08 $1.40 $1.60 $105.15 Price & Dividend 15
Price & Dividend 20 $0.49 $0.50 $0.49 $0.51 $0.61 $0.62 $0.74 $0.82 $0.92 $1.08 $1.40 $1.60 $105.15 Price & Dividend 20
Price & Dividend 25 $0.49 $0.50 $0.49 $0.51 $0.61 $0.62 $0.74 $0.82 $0.92 $1.08 $1.40 $1.60 $105.15 Price & Dividend 25
Price & Dividend 30 $0.49 $0.50 $0.49 $0.51 $0.61 $0.62 $0.74 $0.82 $0.92 $1.08 $1.40 $1.60 $105.15 Price & Dividend 30
Price H/L Median US$ $21.15 $23.18 $20.68 $20.15 $23.46 $29.75 $29.96 $35.28 $85.71 $92.30 $118.55 $145.80 $106.94 $113.68 417.12% <-Total Growth 10 Stock Price US$
Increase 26.23% 9.57% -10.77% -2.59% 16.46% 26.81% 0.71% 17.74% 142.98% 7.69% 28.44% 22.99% -26.65% 6.30% 17.86% <-IRR #YR-> 10 Stock Price 417.12% US$
P/E 34.08 21.34 17.90 4.04 17.31 12.60 10.24 11.64 12.30 10.23 20.44 29.40 28.75 28.09 24.83% <-IRR #YR-> 5 Stock Price 203.16% US$
Trailing P/E 13.58 37.35 19.04 17.43 4.70 21.95 12.69 12.06 28.29 13.24 13.14 25.14 21.56 30.56 20.01% <-IRR #YR-> 10 Price & Dividend 2321.61% US$
P/E on Run. 5 yr Ave 23.86 21.45 18.93 10.70 12.74 13.59 11.72 12.03 25.75 18.99 21.36 24.48 17.55 20.63 27.25% <-IRR #YR-> 5 Price & Dividend 917.54% US$
P/E on Run. 10 yr Ave 21.33 23.09 21.82 15.57 17.04 19.35 16.47 17.53 32.90 27.54 30.64 34.25 23.70 25.73 12.24 P/E Ratio Historical Median US$
Median 10, 5 Yrs D.  per yr 2.15% 2.41% % Tot Ret 10.74% 8.85% T P/E 15.34 21.56 P/E:  12.45 20.44 Count 22 Years of data
-$20.68 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $106.94
-$35.28 $0.00 $0.00 $0.00 $0.00 $106.94
-$20.68 $0.51 $0.61 $0.62 $0.74 $0.82 $0.92 $1.08 $1.40 $1.60 $108.74
-$35.28 $0.92 $1.08 $1.40 $1.60 $108.74
High Months US$ Dec Nov Mar Dec Jan Sep Apr Dec Dec Mar Sep Apr Jan Feb
Price High $23.66 $25.75 $24.61 $26.54 $27.19 $35.54 $34.02 $53.47 $120.18 $111.61 $137.53 $161.03 $140.13 $125.65 469.40% <-Total Growth 10 Stock Price US$
Increase 18.30% 8.83% -4.43% 7.84% 2.45% 30.71% -4.28% 57.17% 124.76% -7.13% 23.22% 17.09% -12.98% -10.33% 19.00% <-IRR #YR-> 10 Stock Price 469.40% US$
P/E 38.13 23.71 21.30 5.32 20.06 15.06 11.63 17.65 17.24 12.37 23.71 32.47 37.67 31.05 21.25% <-IRR #YR-> 5 Stock Price 162.07% US$
Trailing P/E 15.19 41.50 22.66 22.97 5.45 26.23 14.41 18.28 39.66 16.01 15.25 27.76 28.25 33.78 15.63 P/E Ratio Historical Median US$
Median 10, 5 Yrs T P/E 20.62 27.76 P/E:  17.44 23.71 28.09 P/E Ratio Historical High US$
-$24.61 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $140.13
-$53.47 $0.00 $0.00 $0.00 $0.00 $140.13
Low Months US$ Apr Mar Aug Jan May Feb Jan Mar Jan Jun Jun Feb Apr Mar US$
Price Low $18.64 $20.60 $16.75 $13.75 $19.73 $23.96 $25.90 $17.08 $51.24 $72.99 $99.57 $130.57 $73.75 $101.71 340.30% <-Total Growth 10 Stock Price US$
Increase 37.97% 10.52% -18.69% -17.91% 43.49% 21.44% 8.10% -34.05% 200.00% 42.45% 36.42% 31.13% -43.52% 37.91% 15.98% <-IRR #YR-> 10 Stock Price 340.30% US$
P/E 30.04 18.97 14.50 2.76 14.56 10.15 8.85 5.64 7.35 8.09 17.17 26.32 19.83 25.13 33.98% <-IRR #YR-> 5 Stock Price 331.79% US$
Trailing P/E 11.96 33.20 15.42 11.90 3.95 17.68 10.97 5.84 16.91 10.47 11.04 22.51 14.87 27.34 8.85 P/E Ratio Historical Median US$
Median 10, 5 Yrs T P/E 11.47 14.87 P/E:  9.50 17.17 6.69 P/E Ratio Historical Low US$
-$16.75 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $73.75
Free Cash Flow Mkt Sc $700.90 $880.90 $775.90 $768.60 $832.30 $736.00 $865.60 $871.00 Free Cash Flow Mkt Sc US$
Change 25.68% -11.92% -0.94% 8.29% -11.57% 17.61% 0.62% Change US$
Free Cash Flow Company CDN$ $151.70 $243.40 $291.50 $288.34 $376.49 $339.71 $462.98 $693.44 $888.59 $1,193.08 $1,026.20 $1,105.97 $1,140.73 291.33% <-Total Growth 10 Free Cash Flow Comp. CDN$
Free Cash Flow MS US$ $142.63 $209.81 $210.51 $214.75 $300.11 $249.02 $356.47 $544.64 $700.89 $880.89 $775.90 $768.63 $832.29 $736.0 $865.6 $871.0 295.37% <-Total Growth 10 Free Cash Flow US$
Change -20.73% 47.10% 0.33% 2.01% 39.75% -17.03% 43.15% 52.79% 28.69% 25.68% -11.92% -0.94% 8.28% -11.57% 17.61% 0.62% 8.85% <-IRR #YR-> 5 Free Cash Flow MS 52.81% US$
FCF/CF from Op Ratio 0.64 0.80 0.69 0.86 1.18 0.63 0.85 0.89 0.82 0.91 0.77 0.72 0.85 0.80 0.83 #DIV/0! 14.74% <-IRR #YR-> 10 Free Cash Flow MS 295.37% US$
Dividends paid $48.57 $48.76 $49.51 $47.71 $55.01 $54.31 $62.14 $67.60 $85.39 $97.32 $121.10 $133.93 $151.09 $154.44 $154.44 $154.44 205.19% <-Total Growth 10 Dividends paid US$
Percentage paid 22.22% 18.33% 21.81% 17.43% 12.41% 12.18% 11.05% 15.61% 17.42% 18.15% 20.98% 17.84% 17.73% $0.17 <-Median-> 10 Percentage paid US$
5 Year Coverage 17.22% 15.08% 13.43% 13.30% 13.77% 14.87% 16.47% 17.97% 18.37% 14.32% <-Median-> 6 5 Year Coverage US$
Dividend Coverage Ratio 4.50 5.46 4.58 5.74 8.06 8.21 9.05 6.41 5.74 5.51 4.77 5.60 5.64 5.74 <-Median-> 10 Dividend Coverage Ratio US$
5 Year of Coverage 5.81 6.63 7.45 7.52 7.26 6.72 6.07 5.56 5.44 5 Year of Coverage US$
Free Cash Flow MS CDN$ $157.12 $234.30 $267.34 $224.00 $58.95 $224.78 $297.98 $547.48 $684.61 $1,029.34 $714.20 $935.29 $753.83 181.97% <-Total Growth 10 Free Cash Flow CDN$
Change -28.31% 49.12% 14.10% -16.21% -73.68% 281.31% 32.57% 83.73% 25.05% 50.35% -30.62% 30.95% -19.40% 28.00% <-Median-> 10 CDN$
Free Cash Flow MS US$ $147.72 $201.97 $193.06 $160.00 $90.00 $160.00 $220.00 $430.00 $540.00 $760.00 $540.00 $650 $550 $736 $866 $871 184.88% <-Total Growth 10 Free Cash Flow US$
Change -32.94% 36.72% -4.41% -17.12% -43.75% 77.78% 37.50% 95.45% 25.58% 40.74% -28.95% 20.37% -15.38% 33.82% 17.61% 0.62% 22.98% <-Median-> 10 Change US$
FCF/CF from Op Ratio 61.98% 78.47% 63.86% 49.64% 27.74% 41.45% 50.73% 85.28% 82.59% 89.09% 53.33% 53.74% 41.60% 54.24% 62.75% #DIV/0! 5.05% <-IRR #YR-> 5 Free Cash Flow MS US$
Dividends paid $48.57 $48.76 $49.51 $47.71 $55.01 $54.31 $62.14 $67.60 $85.39 $97.32 $121.10 $133.93 $151.09 $154.44 $154.44 $154.44 11.04% <-IRR #YR-> 10 Free Cash Flow MS US$
Percentage paid 32.88% 24.14% 25.64% 29.82% 61.13% 33.95% 28.24% 15.72% 15.81% 12.81% 22.43% 20.60% 27.47% 20.98% 17.84% 17.73% 7.13% <-Total Growth 10 Dividends paid US$
5 Year Coverage 22.71% 23.07% 26.12% 26.00% 31.48% 31.71% 32.64% 27.06% 22.53% 17.38% 17.41% 17.31% 19.37% 20.33% 21.40% 20.38% $0.24 <-Median-> 10 Percentage paid US$
Dividend Coverage Ratio 3.04 4.14 3.90 3.35 1.64 2.95 3.54 6.36 6.32 7.81 4.46 4.85 3.64 4.77 5.60 5.64 404.97% <-Median-> 10 5 Year Coverage US$
5 Year of Coverage 4.40 4.33 3.83 3.85 3.18 3.15 3.06 3.70 4.44 5.75 5.74 5.78 5.16 4.92 4.67 4.91 4.14 <-Median-> 10 Dividend Coverage Ratio US$
Free Cash Flow WSJ US$ $194.30 $168.19 $48.65 $168.01 $233.14 $493.19 $580.53 $596.57 $665.36 $637.99 $717.93 269.51% <-Total Growth 10 Free Cash Flow US$
Change -13.43% -71.08% 245.37% 38.76% 111.54% 17.71% 2.76% 11.53% -4.11% 12.53% 12.03% <-Median-> 10 US$
Free Cash Flow WSJ CDN$ $269.05 $225.83 $61.03 $229.20 $302.80 $627.93 $736 $808 $880 $918 $984 $736 $866 $871 265.73% <-Total Growth 10 Free Cash Flow CDN$
Change -16.06% -72.98% 275.58% 32.11% 107.37% 17.21% 9.78% 8.91% 4.32% 7.19% -25.20% 17.61% 0.62% 9.40% <-IRR #YR-> 5 Free Cash Flow MS 27.91% CDN$
FCF/CF from Op Ratio 0.89 0.70 0.19 0.59 0.70 1.25 1.13 0.95 0.87 0.76 0.74 0.54 0.63 #DIV/0! 13.85% <-IRR #YR-> 10 Free Cash Flow MS 184.88% CDN$
Dividends paid $56.56 $68.56 $64.07 $69.02 $74.10 $80.70 $86.07 $108.25 $131.81 $160.16 $192.71 $202.67 $211.84 $211.84 $211.84 195.64% <-Total Growth 10 Dividends paid CDN$
Percentage paid 25.48% 28.37% 113.09% 32.33% 26.65% 13.71% 14.71% 16.31% 18.20% 20.99% 20.60% 28.78% 24.47% 24.32% 20.79% <-Median-> 10 Percentage paid CDN$
5 Year Coverage 32.76% 25.85% 21.37% 17.79% 16.90% 17.10% 26.17% 27.79% 29.30% 28.07% 21.37% <-Median-> 7 5 Year Coverage CDN$
Dividend Coverage Ratio 3.92 3.53 0.88 3.09 3.75 7.30 6.80 6.13 5.49 4.76 4.86 3.47 4.09 4.11 4.81 <-Median-> 10 Dividend Coverage Ratio CDN$
5 Year of Coverage 3.05 3.87 4.68 5.62 5.92 5.85 5.44 4.81 4.48 4.24 5 Year of Coverage CDN$
Market Cap CDN$ $2,359 $3,028 $2,305 $3,203 $2,929 $3,050 $3,594 $6,120 $13,074 $11,736 $15,220 $16,395 $11,655 $11,732 $11,732 $11,732 405.61% <-Total Growth 10 Market Cap 405.61% CDN$
Market Cap US$ $2,210 $2,616 $1,684 $2,395 $2,217 $2,240 $2,753 $4,817 $10,331 $8,675 $11,482 $11,403 $8,490 $8,547 $8,547 $8,547 404.13% <-Total Growth 10 Market Cap 404.13% US$
Calc 95.317
Diluted 94.209 101.366 101.994 95.520 92.778 90.804 85.364 90.935 95.336 91.258 87.055 85.243 83.414 83.414 -18.22% <-Total Growth 10 Diluted
Change -12.40% 7.60% 0.62% -6.35% -2.87% -2.13% -5.99% 6.53% 4.84% -4.28% -4.61% -2.08% -2.15% 0.00% -2.51% <-Median-> 10 Change
Difference Diluted/Basic -1.72% -1.90% -1.75% -1.90% -2.46% -3.13% -2.31% -2.00% -2.39% -2.08% -1.32% -0.81% -0.42% -0.42% -2.04% <-Median-> 10 Difference Diluted/Basic
Calc 79.751 89.215 93.048 89.385 85.863 84.497 83.036
Basic # of Shares in Millions 92.589 99.437 100.206 93.709 90.494 87.966 83.390 89.113 93.054 89.360 85.908 84.552 83.067 83.067 -17.10% <-Total Growth 10 Average
Change -2.29% 7.40% 0.77% -6.48% -3.43% -2.79% -5.20% 6.86% 4.42% -3.97% -3.86% -1.58% -1.76% 0.00% -3.11% <-Median-> 10 Change
Difference Basic/Outstanding 0.9% 2.9% -2.6% -2.3% -1.5% -1.8% -2.3% 4.8% -1.0% -3.2% -1.7% -0.2% -1.1% -1.1% -1.61% <-Median-> 10 Difference Basic/Outstanding
# of Share in Millions 93.405 102.324 97.633 91.575 89.124 86.398 81.450 93.398 92.153 86.540 84.442 84.408 82.151 82.151 82.151 82.151 -1.71% <-IRR #YR-> 10 Shares -15.86%
Change 0.69% 9.55% -4.58% -6.20% -2.68% -3.06% -5.73% 14.67% -1.33% -6.09% -2.42% -0.04% -2.67% 0.00% 0.00% 0.00% -2.53% <-IRR #YR-> 5 Shares -12.04%
CF fr Op $M US$ $221.7 $262.9 $306.9 $250.4 $255.2 $398.4 $418.5 $610.9 $855.4 $971.6 $1,013.8 $1,062.7 $977.8 $917.6 $1,041.7 218.64% <-Total Growth 10 Cash Flow US$
Increase -28.77% 18.59% 16.72% -18.38% 1.91% 56.10% 5.04% 45.98% 40.02% 13.60% 4.34% 4.81% -7.99% -6.15% 13.52% S Issued Buy Backs, SO US$
5 year Running Average $233.4 $245.9 $267.0 $270.6 $259.4 $294.8 $325.9 $386.7 $507.7 $650.9 $774.0 $902.9 $976.3 $988.7 $1,002.7 265.67% <-Total Growth 10 CF 5 Yr Running US$
CFPS $2.37 $2.57 $3.14 $2.73 $2.86 $4.61 $5.14 $6.54 $9.28 $11.23 $12.01 $12.59 $11.90 $11.17 $12.68 278.69% <-Total Growth 10 Cash Flow per Share US$
Increase -29.25% 8.26% 22.33% -12.99% 4.71% 61.03% 11.42% 27.30% 41.92% 20.96% 6.93% 4.86% -5.46% -6.15% 13.52% 12.29% <-IRR #YR-> 10 Cash Flow 218.64% US$
5 year Running Average $2.48 $2.57 $2.77 $2.84 $2.74 $3.18 $3.70 $4.38 $5.69 $7.36 $8.84 $10.33 $11.40 $11.78 $12.07 9.87% <-IRR #YR-> 5 Cash Flow 60.07% US$
P/CF on Med Price 8.91 9.02 6.58 7.37 8.19 6.45 5.83 5.39 9.23 8.22 9.87 11.58 8.98 9.31 8.21 14.24% <-IRR #YR-> 10 Cash Flow per Share 278.69% US$
P/CF on Closing Price 9.97 9.95 5.49 9.56 8.69 5.62 6.58 7.89 12.08 8.93 11.33 10.73 8.68 9.31 8.21 12.72% <-IRR #YR-> 5 Cash Flow per Share 81.98% US$
13.50% Diff M/C 15.18% <-IRR #YR-> 10 CFPS 5 yr Running 311.00% US$
US$
Excl.Working Capital CF US$ $89.1 $86.9 $51.2 $78.4 $119.4 $94.9 $138.5 $90.0 $212.3 $449.1 $197.1 $296.0 $129.5 $0.0 $0.0 21.10% <-IRR #YR-> 5 CFPS 5 yr Running 160.45% US$
CF fr Op $M WC $310.8 $349.8 $358.1 $328.9 $374.6 $493.3 $557.0 $700.8 $1,067.7 $1,420.8 $1,210.9 $1,358.7 $1,107.3 $917.6 $1,041.7 209.24% <-Total Growth 10 Cash Flow less WC US$
Increase -20.64% 12.56% 2.37% -8.16% 13.90% 31.70% 12.89% 25.83% 52.35% 33.07% -14.77% 12.20% -18.50% -17.13% 13.52% 11.95% <-IRR #YR-> 10 Cash Flow less WC 209.24% US$
5 year Running Average $292.5 $325.9 $344.0 $347.8 $344.4 $380.9 $422.4 $490.9 $638.7 $847.9 $991.4 $1,151.8 $1,233.1 $1,203.1 $1,127.2 9.58% <-IRR #YR-> 5 Cash Flow less WC 58.00% US$
CFPS Excl. WC $3.33 $3.42 $3.67 $3.59 $4.20 $5.71 $6.84 $7.50 $11.59 $16.42 $14.34 $16.10 $13.48 $11.17 $12.68 11.95% <-IRR #YR-> 10 CF less WC 5 Yr Run 258.41% US$
Increase -21.18% 2.75% 7.29% -2.08% 17.03% 35.86% 19.75% 9.74% 54.40% 41.71% -12.65% 12.25% -16.26% -17.13% 13.52% 9.58% <-IRR #YR-> 5 CF less WC 5 Yr Run 151.18% US$
5 year Running Average $3.10 $3.40 $3.58 $3.65 $3.64 $4.12 $4.80 $5.57 $7.17 $9.61 $11.34 $13.19 $14.38 $14.30 $13.55 13.90% <-IRR #YR-> 10 CFPS - Less WC 267.52% US$
P/CF on Med Price 6.36 6.78 5.64 5.61 5.58 5.21 4.38 4.70 7.40 5.62 8.27 9.06 7.93 10.18 0.00 12.43% <-IRR #YR-> 5 CFPS - Less WC 79.63% US$
P/CF on Close 7.62 7.51 4.82 7.17 6.83 6.30 7.04 9.26 15.64 10.43 11.99 10.24 7.19 7.28 7.68 14.93% <-IRR #YR-> 10 CFPS 5 yr Running 302.27% US$
CF/-WC P/CF Med 10 yr 8.21 5 yr  9.23 P/CF Med 10 yr 5.62 5 yr  7.93 29.55% Diff M/C 20.90% <-IRR #YR-> 5 CFPS 5 yr Running 158.28% US$
CF fr Op $M CDN$ $235.8 $305.0 $424.9 $336.3 $320.2 $543.5 $543.5 $777.7 $1,084.4 $1,316.0 $1,340.9 $1,529.0 $1,340.2 $1,258.6 $1,428.8 215.39% <-Total Growth 10 Cash Flow CDN$
Increase -23.85% 29.35% 39.32% -20.86% -4.79% 69.75% 0.00% 43.10% 39.43% 21.36% 1.89% 14.03% -12.35% -6.08% 13.52% S Issued Buy Backs, SO CDN$
5 year Running Average $238.4 $257.4 $302.3 $322.3 $324.4 $386.0 $433.7 $504.2 $653.9 $853.0 $1,012.5 $1,209.6 $1,322.1 $1,356.9 $1,379.5 337.35% <-Total Growth 10 CF 5 Yr Running CDN$
CFPS $2.52 $2.98 $4.35 $3.67 $3.59 $6.29 $6.67 $8.33 $11.77 $15.21 $15.88 $18.11 $16.31 $15.32 $17.39 274.82% <-Total Growth 10 Cash Flow per Share CDN$
Increase -24.37% 18.08% 46.02% -15.63% -2.17% 75.11% 6.07% 24.79% 41.31% 29.23% 4.42% 14.08% -9.95% -6.08% 13.52% 12.17% <-IRR #YR-> 10 Cash Flow 215.39% CDN$
5 year Running Average $2.53 $2.68 $3.13 $3.37 $3.42 $4.18 $4.92 $5.71 $7.33 $9.65 $11.57 $13.86 $15.46 $16.17 $16.60 11.50% <-IRR #YR-> 5 Cash Flow 72.31% CDN$
P/CF on Med Price 8.91 8.85 6.06 7.49 8.70 6.21 5.95 5.61 9.06 7.94 10.14 10.89 9.40 10.11 0.00 14.13% <-IRR #YR-> 10 Cash Flow per Share 274.82% CDN$
P/CF on Closing Price 10.01 9.93 5.42 9.53 9.15 5.61 6.61 7.87 12.06 8.92 11.35 10.72 8.70 9.32 8.21 14.40% <-IRR #YR-> 5 Cash Flow per Share 95.90% CDN$
12.05% Diff M/C 17.30% <-IRR #YR-> 10 CFPS 5 yr Running 393.30% CDN$
CDN$
Excl.Working Capital CF CDN$ $94.7 $100.8 $70.9 $105.3 $149.7 $129.5 $179.9 $116.8 $270.3 $569.4 $266.9 $391.5 $186.4 $0.0 $0.0 22.03% <-IRR #YR-> 5 CFPS 5 yr Running 170.64% CDN$
CF fr Op $M WC $330.5 $405.8 $495.8 $441.6 $469.9 $673.0 $723.4 $894.6 $1,354.7 $1,885.4 $1,607.8 $1,920.6 $1,526.5 $1,258.6 $1,428.8 207.87% <-Total Growth 10 Cash Flow less WC CDN$
Increase -15.16% 22.77% 22.19% -10.94% 6.42% 43.22% 7.48% 23.67% 51.44% 39.17% -14.72% 19.45% -20.52% -17.55% 13.52% 11.90% <-IRR #YR-> 10 Cash Flow less WC 207.87% CDN$
5 year Running Average $298.6 $341.5 $387.4 $412.7 $428.7 $497.2 $560.7 $640.5 $823.1 $1,106.2 $1,293.2 $1,532.6 $1,659.0 $1,639.8 $1,548.5 11.28% <-IRR #YR-> 5 Cash Flow less WC 70.64% CDN$
CFPS Excl. WC $3.54 $3.97 $5.08 $4.82 $5.27 $7.79 $8.88 $9.58 $14.70 $21.79 $19.04 $22.75 $18.58 $15.32 $17.39 15.66% <-IRR #YR-> 10 CF less WC 5 Yr Run 328.24% CDN$
Increase -15.74% 12.07% 28.06% -5.05% 9.35% 47.74% 14.01% 7.85% 53.48% 48.20% -12.61% 19.50% -18.33% -17.55% 13.52% 20.97% <-IRR #YR-> 5 CF less WC 5 Yr Run 159.02% CDN$
5 year Running Average $3.17 $3.56 $4.02 $4.32 $4.54 $5.39 $6.37 $7.27 $9.24 $12.55 $14.80 $17.57 $19.37 $19.50 $18.62 13.85% <-IRR #YR-> 10 CFPS - Less WC 265.89% CDN$
P/CF on Med Price 6.35 6.65 5.20 5.70 5.93 5.02 4.47 4.88 7.25 5.54 8.46 8.67 8.25 10.11 0.00 14.17% <-IRR #YR-> 5 CFPS - Less WC 94.00% CDN$
P/CF on Close 7.14 7.46 4.65 7.25 6.23 4.53 4.97 6.84 9.65 6.22 9.47 8.54 7.63 9.32 8.21 17.04% <-IRR #YR-> 10 CFPS 5 yr Running 382.35% CDN$
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 8.32 5 yr  9.40 P/CF Med 10 yr 5.82 5 yr  8.25 60.29% Diff M/C 21.66% <-IRR #YR-> 5 CFPS 5 yr Running 166.52% CDN$
-$3.14 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $11.90 Cash Flow per Share US$
-$6.54 $0.00 $0.00 $0.00 $0.00 $11.90 Cash Flow per Share US$
-$2.77 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $11.40 CFPS 5 yr Running US$
-$4.38 $0.00 $0.00 $0.00 $0.00 $11.40 CFPS 5 yr Running US$
-$358.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $1,107.3 Cash Flow less WC US$
-$700.8 $0.0 $0.0 $0.0 $0.0 $1,107.3 Cash Flow less WC US$
-$344.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $1,233.1 CF less WC 5 Yr Run US$
-$490.9 $0.0 $0.0 $0.0 $0.0 $1,233.1 CF less WC 5 Yr Run US$
-$3.67 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $13.48 CFPS - Less WC US$
-$7.50 $0.00 $0.00 $0.00 $0.00 $13.48 CFPS - Less WC US$
-$4.35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $16.31 Cash Flow per Share CDN$
-$8.33 $0.00 $0.00 $0.00 $0.00 $16.31 Cash Flow per Share CDN$
-$3.13 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $15.46 CFPS 5 yr Running CDN$
-$5.71 $0.00 $0.00 $0.00 $0.00 $15.46 CFPS 5 yr Running CDN$
-$495.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $1,526.5 Cash Flow less WC CDN$
-$894.6 $0.0 $0.0 $0.0 $0.0 $1,526.5 Cash Flow less WC CDN$
-$387.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $1,659.0 CF less WC 5 Yr Run CDN$
-$640.5 $0.0 $0.0 $0.0 $0.0 $1,659.0 CF less WC 5 Yr Run CDN$
-$5.08 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $18.58 CFPS - Less WC CDN$
-$9.58 $0.00 $0.00 $0.00 $0.00 $18.58 CFPS - Less WC CDN$
OPM 7.58% 8.21% 10.54% 8.35% 6.75% 10.61% 10.49% 16.16% 11.85% 11.03% 13.48% 12.66% 12.40% 11.57% 17.61% <-Total Growth 10 OPM CDN$
Increase -23.10% 8.28% 28.42% -20.77% -19.16% 57.09% -1.07% 53.94% -26.67% -6.93% 22.26% -6.12% -2.01% -6.67% Should increase  or be stable. CDN$
Diff from Median -33.7% -28.2% -7.8% -26.9% -40.9% -7.2% -8.2% 41.3% 3.6% -3.6% 17.9% 10.7% 8.4% 1.2% 0.00 <-Median-> 10 OPM CDN$
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 11.44% 5 Yrs 12.40% should be  zero, it is a   check on calculations CDN$
$1,149 <-12 mths -1.85%
Adjusted EBITDA CDN$ $275.50 $349.32 $452.69 $442.35 $514.48 $686.28 $864.50 $890.72 $1,364.76 $1,930.05 $1,571.17 $1,900.75 $1,604.33 254.40% <-Total Growth 10 Adjusted EBITDA CDN$ US$
Adjusted EBITDA US$ $259.03 $301.11 $326.91 $329.45 $410.11 $503.07 $665.61 $699.59 $1,076.48 $1,425.02 $1,187.94 $1,320.97 $1,170.53 $1,191 $1,365 $1,483 258.06% <-Total Growth 10 Adjusted EBITDA US$ US$
Change 23.07% 16.25% 8.57% 0.78% 24.48% 22.67% 32.31% 5.10% 53.87% 32.38% -16.64% 11.20% -11.39% 1.75% 14.61% 8.64% 16.93% <-Median-> 10 Change US$
Margin 8.21% 10.30% 10.21% 11.32% 13.68% 13.31% 17.72% 17.54% 28.47% 19.74% 13.48% 17.56% 13.94% 15.11% 17.22% 17.76% 15.74% <-Median-> 10 Margin US$
$543 <-12 mths -3.92%
EBIT US$ $889.2 $1,146.0 $757.6 $719.0 $565.3 $599.1 $750.1 $847.0 <-Total Growth 4 EBIT US$ US$
Change 28.88% -33.89% -5.10% -21.38% 5.98% 25.20% 12.92% -13.24% <-Median-> 4 Change US$
Margin 15.87% 8.60% 9.56% 6.73% 7.60% 9.46% 10.15% 9.08% <-Median-> 4 Margin US$
Long Term Debt US$ $708.50 $1,394.48 $1,166.35 $1,180.32 $1,152.63 $1,071.75 $1,302.00 $829.55 $1,244.51 $1,278.67 $1,709.83 $2,309.43 $2,355.48 $2,355.48 101.95% <-Total Growth 10 Debt US$
Change -10.51% 96.82% -16.36% 1.20% -2.35% -7.02% 21.48% -36.29% 50.02% 2.75% 33.72% 35.07% 1.99% 0.00% 2.37% <-Median-> 10 Change US$
Debt/Market Cap Ratio 0.32 0.53 0.69 0.49 0.52 0.48 0.47 0.17 0.12 0.15 0.15 0.20 0.28 0.28 0.24 <-Median-> 10 Debt/Market Cap Ratio US$
Assets/Current Liabilities 6.08 4.51 3.16 7.05 6.96 6.17 7.20 5.88 4.09 5.70 5.89 7.12 6.42 6.42 6.29 <-Median-> 10 Assets/Current Liabilities US$
Current Liabilities/Asset Ratio 0.16 0.22 0.32 0.14 0.14 0.16 0.14 0.17 0.24 0.18 0.17 0.14 0.16 0.16 0.16 <-Median-> 10 Current Liabilities/Asset Ratio US$
Debt to Cash Flow (Years) 3.20 5.30 3.80 4.71 4.52 2.69 3.11 1.36 1.45 1.32 1.69 2.17 2.41 2.57 2.29 <-Median-> 10 Debt to Cash Flow (Years) US$
Long Term Debt CDN$ $753.56 $1,617.74 $1,615.10 $1,584.82 $1,445.97 $1,462.08 $1,691.04 $1,056.18 $1,577.79 $1,731.83 $2,261.42 $3,323.04 $3,228.42 $3,230.77 99.89% <-Total Growth 10 Debt CDN$
Change -4.34% 114.68% -0.16% -1.88% -8.76% 1.11% 15.66% -37.54% 49.39% 9.76% 30.58% 46.94% -2.85% 0.07% 5.44% <-Median-> 10 Change CDN$
Debt/Market Cap Ratio 0.32 0.53 0.70 0.49 0.49 0.48 0.47 0.17 0.12 0.15 0.15 0.20 0.28 0.28 0.24 <-Median-> 10 Debt/Market Cap Ratio CDN$
Assets/Current Liabilities 6.08 4.51 3.16 7.05 6.96 6.17 7.20 5.88 4.09 5.70 5.89 7.12 6.42 6.42 6.29 <-Median-> 10 Assets/Current Liabilities CDN$
Current Liabilities/Asset Ratio 0.16 0.22 0.32 0.14 0.14 0.16 0.14 0.17 0.24 0.18 0.17 0.14 0.16 0.16 0.16 <-Median-> 10 Current Liabilities/Asset Ratio CDN$
Debt to Cash Flow (Years) 3.20 5.30 3.80 4.71 4.52 2.69 3.11 1.36 1.45 1.32 1.69 2.17 2.41 2.57 2.29 <-Median-> 10 Debt to Cash Flow (Years) CDN$
Intangibles US$ $799.84 $1,377.20 $1,128.37 $340.21 $351.58 $310.16 $1,158.89 $565.53 $368.11 $310.78 $536.22 $701.34 $773.44 $773.44 -31.45% <-Total Growth 10 Intangibles US$ US$
Goodwill $0.00 $0.00 $0.00 $1,129.33 $1,108.98 $1,083.69 $834.38 $1,184.24 $1,424.81 $1,281.33 $1,483.08 $1,921.61 $2,090.99 $2,090.99 #DIV/0! <-Total Growth 10 Goodwill US$
Total $799.84 $1,377.20 $1,128.37 $1,973.15 $1,832.27 $1,901.50 $2,588.85 $1,749.77 $1,792.92 $1,592.11 $2,019.30 $2,622.95 $2,864.44 $2,864.44 153.86% <-Total Growth 10 Total US$
Change -8.09% 72.18% -18.07% 74.87% -7.14% 3.78% 36.15% -32.41% 2.47% -11.20% 26.83% 29.89% 9.21% 0.00% 6.49% <-Median-> 10 Change US$
Intangible/Market Cap Ratio 0.36 0.53 0.67 0.82 0.83 0.85 0.94 0.36 0.17 0.18 0.18 0.23 0.34 0.34 0.35 <-Median-> 10 Intangible/Market Cap Ratio US$
Intangibles CDN$ $850.71 $1,597.70 $1,562.50 $456.79 $441.06 $423.13 $1,505.16 $720.04 $466.69 $420.92 $709.21 $1,009.16 $1,060.08 $1,060.85 -32.15% <-Total Growth 10 Intangibles CDN$ CDN$
Goodwill $0.00 $0.00 $0.00 $1,516.36 $1,391.21 $1,478.37 $1,083.69 $1,507.77 $1,806.38 $1,735.44 $1,961.52 $2,765.00 $2,865.92 $2,868.01 #DIV/0! <-Total Growth 10 Goodwill CDN$
Total $850.71 $1,597.70 $1,562.50 $1,973.15 $1,832.27 $1,901.50 $2,588.85 $2,227.81 $2,273.07 $2,156.35 $2,670.73 $3,774.16 $3,926.00 $3,928.86 151.26% <-Total Growth 10 Total CDN$
Change -1.74% 87.81% -2.20% 26.28% -7.14% 3.78% 36.15% -13.95% 2.03% -5.13% 23.85% 41.32% 4.02% 0.07% 3.90% <-Median-> 10 Change CDN$
Intangible/Market Cap Ratio 0.36 0.53 0.68 0.62 0.63 0.62 0.72 0.36 0.17 0.18 0.18 0.23 0.34 0.33 0.35 <-Median-> 10 Intangible/Market Cap Ratio CDN$
Current Assets US$ $444.08 $548.18 $591.02 $472.23 $520.06 $519.75 $526.58 $652.77 $1,162.26 $1,263.56 $1,336.00 $1,037.05 $1,209.16 $1,209.16 Liquidity ratio of 1.5 and up, best US$
Current Liabilities $319.27 $657.80 $771.50 $429.83 $427.06 $481.05 $487.62 $654.46 $1,406.12 $966.68 $1,066.11 $1,003.65 $1,170.48 $1,170.48 1.08 <-Median-> 10 Ratio US$
Liquidity Ratio 1.39 0.83 0.77 1.10 1.22 1.08 1.08 1.00 0.83 1.31 1.25 1.03 1.03 1.03 1.03 <-Median-> 5 Ratio US$
Curr Long Term Db $19.60 $254.19 $403.78 $30.16 $41.79 $89.68 $41.31 $43.00 $363.59 $363.59 $174.35 $174.35 $174.35
Assets US$ $1,941.1 $2,964.0 $2,439.3 $3,032.2 $2,971.4 $2,968.7 $3,508.8 $3,849.4 $5,753.1 $5,505.8 $6,283.6 $7,145.8 $7,509.2 $7,509.2 Debt Ratio of 1.5 and up, best US$
Liabilities $1,197.6 $2,076.7 $1,697.4 $1,945.8 $1,843.4 $1,812.9 $2,349.5 $2,059.2 $3,532.8 $3,042.8 $3,692.2 $4,472.6 $4,831.6 $4,831.6 1.62 <-Median-> 10 Ratio US$
Debt Ratio 1.62 1.43 1.44 1.56 1.61 1.64 1.49 1.87 1.63 1.81 1.70 1.60 1.55 1.55 1.63 <-Median-> 5 Ratio US$
Estimates BVPS $32.94 $32.93 $41.41 Estimates Estimates BVPS US$
Estimate Book Value $2,706.1 $2,705.2 $3,401.9 Estimates Estimate Book Value US$
P/B Ratio (Close) 3.16 3.16 2.51 Estimates P/B Ratio (Close) US$
Difference from 10 year median 15.55% Diff M/C Estimates Difference from 10 yr med. US$
Book Value US$ $743.5 $887.3 $741.9 $1,086.4 $1,128.0 $1,155.9 $1,159.3 $1,790.2 $2,220.3 $2,463.1 $2,591.4 $2,673.3 $2,677.6 $2,677.6 260.90% <-Total Growth 10 Book Value US$
NCI & Deb $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 US$
Book Value $743.5 $887.3 $741.9 $1,086.4 $1,128.0 $1,155.9 $1,159.3 $1,790.2 $2,220.3 $2,463.1 $2,591.4 $2,673.3 $2,677.6 $2,677.6 $2,677.6 $2,677.6 260.90% <-Total Growth 10 Book Value US$
Book Value per Share $7.96 $8.67 $7.60 $11.86 $12.66 $13.38 $14.23 $19.17 $24.09 $28.46 $30.69 $31.67 $32.59 $32.59 $32.59 $32.59 328.92% <-Total Growth 10 Book Value per Share US$
Change 1.01% 8.94% -12.37% 56.11% 6.69% 5.70% 6.39% 34.67% 25.70% 18.13% 7.82% 3.20% 2.92% 0.00% 0.00% 0.00% 50.14% P/B Ratio Current/Historical Median US$
P/B Ratio (Median) 2.66 2.67 2.72 1.70 1.85 2.22 2.10 1.84 3.56 3.24 3.86 4.60 3.28 3.49 2.13 P/B Ratio Historical Median US$
P/B Ratio (Close) 2.97 2.95 2.27 2.20 1.97 1.94 2.37 2.69 4.65 3.52 4.43 4.27 3.17 3.19 3.19 3.19 15.67% <-IRR #YR-> 10 Book Value 328.92% US$
Change 17.12% -0.80% -23.01% -2.89% -10.83% -1.40% 22.53% 13.32% 72.91% -24.31% 25.81% -3.73% -25.66% 0.67% 0.00% 0.00% 11.20% <-IRR #YR-> 5 Book Value 70.05% US$
Leverage (A/BK) 2.61 3.34 3.29 2.79 2.63 2.57 3.03 2.15 2.59 2.24 2.42 2.67 2.80 2.80 2.61 <-Median-> 10 A/BV US$
Debt/Equity Ratio 1.61 2.34 2.29 1.79 1.63 1.57 2.03 1.15 1.59 1.24 1.42 1.67 1.80 1.80 1.61 <-Median-> 10 Debt/Eq Ratio US$
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 2.73 5 yr Med 3.56 16.78% Diff M/C 2.70 Historical Leverage (A/BK) US$
-$7.60 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $32.59
-$19.17 $0.00 $0.00 $0.00 $0.00 $32.59
Current Assets CDN$ $472.32 $635.95 $818.41 $634.06 $652.41 $709.05 $683.93 $831.11 $1,473.51 $1,711.37 $1,766.99 $1,492.21 $1,657.28 $1,658.49 Liquidity ratio of 1.5 and up, best CDN$
Current Liabilities $339.58 $763.11 $1,068.33 $577.14 $535.75 $656.25 $633.32 $833.26 $1,782.68 $1,309.27 $1,410.04 $1,444.15 $1,604.26 $1,605.43 1.08 <-Median-> 10 Ratio CDN$
Liquidity Ratio 1.39 0.83 0.77 1.10 1.22 1.08 1.08 1.00 0.83 1.31 1.25 1.03 1.03 1.03 1.03 <-Median-> 5 Ratio CDN$
Liq. with CF aft div 1.94 1.16 1.10 1.57 1.69 1.80 1.81 1.81 1.37 2.22 2.09 1.96 1.74 1.69 1.96 <-Median-> 5 Ratio CDN$
Liq. CF re  Inv+Div  1.55 0.56 1.01 1.41 1.40 1.16 1.11 1.15 0.75 2.22 1.20 0.87 1.33 1.69 1.20 <-Median-> 5 Ratio CDN$
Curr Long Term Db $20.85 $294.89 $559.14 $40.50 $52.43 $122.34 $53.65 $54.74 $460.95 $492.44 $230.60 $250.87 $238.97 $0.00 1.23 <-Median-> 10 Ratio CDN$
Liquidity Less CLTD 1.48 1.36 1.61 1.18 1.35 1.33 1.18 1.07 1.11 2.10 1.50 1.25 1.21 1.03 1.25 <-Median-> 5 Ratio CDN$
Liq. with CF aft div 2.07 1.88 2.31 1.69 1.87 2.21 1.98 1.94 1.85 3.55 2.50 2.37 2.05 1.69 2.37 <-Median-> 5 Ratio CDN$
Assets CDN$ $2,064.6 $3,438.6 $3,377.9 $4,071.3 $3,727.6 $4,050.0 $4,557.3 $4,901.0 $7,293.8 $7,457.1 $8,310.7 $10,282.2 $10,292.2 $10,299.7 Debt Ratio of 1.5 and up, best
Liabilities $1,273.8 $2,409.2 $2,350.5 $2,612.6 $2,312.5 $2,473.1 $3,051.6 $2,621.8 $4,478.9 $4,121.1 $4,883.3 $6,435.6 $6,622.2 $6,627.0 1.62 <-Median-> 10 Ratio CDN$
Debt Ratio 1.62 1.43 1.44 1.56 1.61 1.64 1.49 1.87 1.63 1.81 1.70 1.60 1.55 1.55 1.63 <-Median-> 5 Ratio CDN$
Estimates BVPS $45.18 $45.17 $56.80 Estimates Estimates BVPS
Estimate Book Value $3,711.6 $3,710.5 $4,666.0 Estimates Estimate Book Value
P/B Ratio (Close) 3.16 3.16 2.51 Estimates P/B Ratio (Close)
Difference from 10 year median 19.78% Diff M/C Estimates Difference from 10 yr med.
Check Book Value CDN$ $2,279.3 $2,814.9 $3,336.0 $3,427.4 $3,846.6 $3,670.0 $3,672.6
Book Value $790.8 $1,029.4 $1,027.4 $1,458.7 $1,415.1 $1,576.9 $1,505.7 $2,279.3 $2,814.9 $3,336.0 $3,427.4 $3,846.6 $3,670.0 $3,672.6 257.22% <-Total Growth 10 Book Value CDN$
NCI & Deb $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 CDN$
Book Value $790.8 $1,029.4 $1,027.4 $1,458.7 $1,415.1 $1,576.9 $1,505.7 $2,279.3 $2,814.9 $3,336.0 $3,427.4 $3,846.6 $3,670.0 $3,672.6 $3,672.6 $3,672.6 257.22% <-Total Growth 10 Book Value CDN$
Book Value per Share $8.47 $10.06 $10.52 $15.93 $15.88 $18.25 $18.49 $24.40 $30.55 $38.55 $40.59 $45.57 $44.67 $44.71 $44.71 $44.71 324.54% <-Total Growth 10 Book Value per Share CDN$
Change 7.98% 18.82% 4.60% 51.37% -0.32% 14.94% 1.29% 32.01% 25.17% 26.20% 5.29% 12.27% -1.97% 0.07% 0.00% 0.00% 44.40% P/B Ratio Current/Historical Median CDN$
P/B Ratio (Median) 2.66 2.62 2.51 1.73 1.97 2.14 2.15 1.91 3.49 3.13 3.97 4.33 3.43 3.46 2.21 P/B Ratio Historical Median CDN$
P/B Ratio (Close) 2.98 2.94 2.24 2.20 2.07 1.93 2.39 2.69 4.64 3.52 4.44 4.26 3.18 3.19 3.19 3.19 15.56% <-IRR #YR-> 10 Book Value 324.54% CDN$
Change 17.79% -1.42% -23.72% -2.12% -5.76% -6.54% 23.40% 12.51% 72.96% -24.26% 26.23% -4.01% -25.49% 0.59% 0.00% 0.00% 12.85% <-IRR #YR-> 5 Book Value 83.06% CDN$
Leverage (A/BK) 2.61 3.34 3.29 2.79 2.63 2.57 3.03 2.15 2.59 2.24 2.42 2.67 2.80 2.80 2.61 <-Median-> 10 A/BV CDN$
Debt/Equity Ratio 1.61 2.34 2.29 1.79 1.63 1.57 2.03 1.15 1.59 1.24 1.42 1.67 1.80 1.80 1.61 <-Median-> 10 Debt/Eq Ratio CDN$
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 2.64 5 yr Med 3.49 21.05% Diff M/C 2.83 Historical Leverage (A/BK) CDN$
-$10.52 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $44.67
-$24.40 $0.00 $0.00 $0.00 $0.00 $44.67
Comprehensive Income US$ $91.06 $111.24 $130.70 $480.50 $79.70 $264.46 $203.12 $292.73 $681.89 $799.34 $553.00 $300.77 $381.45 191.84% <-Total Growth 10 Comprehensive Income US$
Increase -37.16% 22.16% 17.50% 267.62% -83.41% 231.82% -23.20% 44.12% 132.94% 17.23% -30.82% -45.61% 26.83% 17.23% <-Median-> 5 Comprehensive Income US$
5 Yr Running Average $90 $110 $115 $192 $179 $213 $232 $264 $304 $448 $506 $526 $543 11.31% <-IRR #YR-> 10 Comprehensive Income 191.84% US$
ROE 12.2% 12.5% 17.6% 44.2% 7.1% 22.9% 17.5% 16.4% 30.7% 32.5% 21.3% 11.3% 14.2% 5.44% <-IRR #YR-> 5 Comprehensive Income 30.31% US$
5Yr Median 14.7% 14.7% 14.7% 17.6% 12.5% 17.6% 17.6% 17.5% 17.5% 22.9% 21.3% 21.3% 21.3% 16.76% <-IRR #YR-> 10 5 Yr Running Average 370.74% US$
% Difference from NI 55.3% 0.9% 10.7% 0.9% -36.7% 23.6% -15.0% 6.2% 2.6% -2.9% 9.5% -28.8% 22.8% 15.52% <-IRR #YR-> 5 5 Yr Running Average 105.71% US$
Median Values Diff 5, 10 yr 1.8% 2.6% 21.3% <-Median-> 5 Return on Equity
-$130.7 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $381.5
-$292.7 $0.0 $0.0 $0.0 $0.0 $381.5
-$115.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $543.3
-$264.1 $0.0 $0.0 $0.0 $0.0 $543.3
Current Liability Coverage Ratio 0.97 0.53 0.46 0.77 0.88 1.03 1.14 1.07 0.76 1.47 1.14 1.35 0.95 0.78   CFO / Current Liabilities US$
5 year Median 0.97 0.97 0.92 0.77 0.77 0.77 0.88 1.03 1.03 1.07 1.14 1.14 1.14 1.14 1.14 <-Median-> 5 Current Liability Cov Ratio US$
Asset Efficiency Ratio 16.01% 11.80% 14.68% 10.85% 12.61% 16.62% 15.87% 18.21% 18.56% 25.81% 19.27% 19.01% 14.75% 12.22% CFO / Total Assets US$
5 year Median 16.01% 16.01% 15.01% 14.68% 12.61% 12.61% 14.68% 15.87% 16.62% 18.21% 18.56% 19.01% 19.01% 19.01% 19.0% <-Median-> 5 Return on Assets  US$
Return on Assets ROA 3.02% 3.72% 4.84% 15.71% 4.24% 7.21% 6.81% 7.16% 11.55% 14.95% 8.03% 5.91% 4.14% 4.38% Net  Income/Assets Return on Assets US$
5Yr Median 4.87% 4.87% 4.84% 4.84% 4.24% 4.84% 6.81% 7.16% 7.16% 7.21% 8.03% 8.03% 8.03% 5.91% 8.0% <-Median-> 5 Asset Efficiency Ratio US$
Return on Equity ROE 7.89% 12.43% 15.91% 43.85% 11.16% 18.52% 20.60% 15.40% 29.92% 33.42% 19.48% 15.80% 11.60% 12.29% Net Inc/ Shareholders' equity Return on Equity US$
5Yr Median 14.93% 14.93% 14.93% 15.91% 12.43% 15.91% 18.52% 18.52% 18.52% 20.60% 20.60% 19.48% 19.48% 15.80% 19.5% <-Median-> 5 Return on Equity US$
$291 <-12 mths -6.46%
Adjusted Net Income US$ $235.8 $259.0 $299.8 $498.3 $731.7 $538.3 $489.5 $364.9 #DIV/0! <-Total Growth 7 Net Income US$
Net Income.US$ $58.6 $110.3 $118.0 $476.3 $125.9 $214.0 $238.9 $275.7 $664.4 $823.2 $504.9 $422.5 $310.6 $329.1 $442.6 163.12% <-Total Growth 10 Net Income US$
Increase -62.17% 88.07% 7.04% 303.58% -73.56% 69.96% 11.60% 15.41% 140.99% 23.91% -38.67% -16.32% -26.49% 5.97% 34.49% EPS/CF Ratio should not be higher than 1.00 US$
5 Yr Running Average $85.9 $105.9 $108.5 $183.6 $177.8 $208.9 $234.6 $266.2 $303.8 $443.2 $501.4 $538.1 $545.1 $478.0 $401.9 10.16% <-IRR #YR-> 10 Net Income 163.12% US$
Operating Cash Flow $221.7 $262.9 $306.9 $250.4 $255.2 $398.4 $418.5 $610.9 $855.4 $971.6 $1,013.8 $1,062.7 $977.8 2.41% <-IRR #YR-> 5 Net Income 12.65% US$
Investment Cash Flow -$80.1 -$693.8 -$70.9 -$48.1 -$87.3 -$265.7 -$310.3 -$378.5 -$1,162.7 $223.4 -$797.3 -$1,244.6 -$361.9 17.52% <-IRR #YR-> 10 5 Yr Running Average 402.49% US$
Total Accruals -$83.0 $541.2 -$118.0 $274.0 -$41.9 $81.4 $130.7 $43.3 $971.7 -$371.8 $288.4 $604.4 -$305.4 15.42% <-IRR #YR-> 5 5 Yr Running Average 104.79% US$
Total Assets $1,941.1 $2,964.0 $2,439.3 $3,032.2 $2,971.4 $2,968.7 $3,508.8 $3,849.4 $5,753.1 $5,505.8 $6,283.6 $7,145.8 $7,509.2 Balance Sheet Assets
Accruals Ratio -4.28% 18.26% -4.84% 9.04% -1.41% 2.74% 3.72% 1.12% 16.89% -6.75% 4.59% 8.46% -4.07% 4.59% <-Median-> 5 Ratio
EPS/CF Ratio 0.19 0.32 0.32 1.39 0.32 0.41 0.43 0.40 0.60 0.55 0.40 0.31 0.28 0.41 <-Median-> 10 EPS/CF Ratio
-$118.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $310.6
-$275.7 $0.0 $0.0 $0.0 $0.0 $310.6
-$108.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $545.1
-$266.2 $0.0 $0.0 $0.0 $0.0 $545.1
Comprehensive Income CDN$ $96.86 $129.05 $180.99 $645.16 $99.98 $360.78 $263.81 $372.70 $864.49 $1,082.63 $731.40 $432.78 $522.82 188.86% <-Total Growth 10 Comprehensive Income CDN$
Increase -32.82% 33.24% 40.25% 256.46% -84.50% 260.84% -26.88% 41.28% 131.95% 25.23% -32.44% -40.83% 20.81% 20.81% <-Median-> 5 Comprehensive Income CDN$
5 Yr Running Average $91 $115 $130 $239 $230 $283 $310 $348 $392 $589 $663 $697 $727 11.19% <-IRR #YR-> 10 Comprehensive Income 188.86% CDN$
ROE 12.2% 12.5% 17.6% 44.2% 7.1% 22.9% 17.5% 16.4% 30.7% 32.5% 21.3% 11.3% 14.2% 7.00% <-IRR #YR-> 5 Comprehensive Income 40.28% CDN$
5Yr Median 14.7% 14.7% 14.7% 17.6% 12.5% 17.6% 17.6% 17.5% 17.5% 22.9% 21.3% 21.3% 21.3% 18.75% <-IRR #YR-> 10 5 Yr Running Average 457.47% CDN$
% Difference from NI 55.3% 0.9% 10.7% 0.9% -36.7% 23.6% -15.0% 6.2% 2.6% -2.9% 9.5% -28.8% 22.8% 15.84% <-IRR #YR-> 5 5 Yr Running Average 108.57% CDN$
Median Values Diff 5, 10 yr 1.8% 2.6% 21.3% <-Median-> 5 Return on Equity
-$181.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $522.8
-$372.7 $0.0 $0.0 $0.0 $0.0 $522.8
-$130.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $726.8
-$348.5 $0.0 $0.0 $0.0 $0.0 $726.8
Current Liability Coverage Ratio 0.97 0.53 0.46 0.77 0.88 1.03 1.14 1.07 0.76 1.44 1.14 1.33 0.95 0.78   CFO / Current Liabilities CDN$
5 year Median 0.97 0.97 0.92 0.77 0.77 0.77 0.88 1.03 1.03 1.07 1.14 1.14 1.14 1.14 1.14 <-Median-> 5 Current Liability Cov Ratio CDN$
Asset Efficiency Ratio 16.01% 11.80% 14.68% 10.85% 12.61% 16.62% 15.87% 18.25% 18.57% 25.28% 19.35% 18.68% 14.83% 12.22% CFO / Total Assets CDN$
5 year Median 16.01% 16.01% 15.01% 14.68% 12.61% 12.61% 14.68% 15.87% 16.62% 18.25% 18.57% 18.68% 18.68% 18.68% 18.7% <-Median-> 5 Return on Assets  CDN$
Return on Assets ROA 3.02% 3.72% 4.84% 15.71% 4.24% 7.21% 6.81% 7.16% 11.55% 14.95% 8.03% 5.91% 4.14% 4.38% Net  Income/Assets Return on Assets CDN$
5Yr Median 4.87% 4.87% 4.84% 4.84% 4.24% 4.84% 6.81% 7.16% 7.16% 7.21% 8.03% 8.03% 8.03% 5.91% 8.0% <-Median-> 5 Asset Efficiency Ratio CDN$
Return on Equity ROE 7.89% 12.43% 15.91% 43.85% 11.16% 18.52% 20.60% 15.40% 29.92% 33.42% 19.48% 15.80% 11.60% 12.29% Net Inc/ Shareholders' equity Return on Equity CDN$
5Yr Median 14.93% 14.93% 14.93% 15.91% 12.43% 15.91% 18.52% 18.52% 18.52% 20.60% 20.60% 19.48% 19.48% 15.80% 19.5% <-Median-> 5 Return on Equity CDN$
$398 <-12 mths -6.39%
Adjusted Net Income $101.7 $153.7 $145.7 $157.1 $192.6 $321.6 $336.4 $381.7 $631.7 $991.0 $712.0 $704.4 $500.2 243.20% <-Total Growth 10 Net Income CDN$
Net Income $62.4 $127.9 $163.4 $639.6 $158.0 $292.0 $310.2 $351.0 $842.3 $1,115.0 $667.8 $607.9 $425.6 $451.4 160.43% <-Total Growth 10 Net Income CDN$
Increase -59.55% 105.14% 27.77% 291.33% -75.30% 84.82% 6.25% 13.14% 139.97% 32.38% -40.11% -8.96% -29.98% 6.05% EPS/CF Ratio should not be higher than 1.00 CDN$
5 Yr Running Average $86.9 $110.3 $122.0 $229.5 $230.3 $276.2 $312.6 $350.2 $390.7 $582.1 $657.2 $716.8 $731.7 $653.5 10.04% <-IRR #YR-> 10 Net Income 160.43% CDN$
Operating Cash Flow $235.8 $305.0 $424.9 $336.3 $320.2 $543.5 $543.5 $777.7 $1,084.4 $1,316.0 $1,340.9 $1,529.0 $1,340.2 3.93% <-IRR #YR-> 5 Net Income 21.27% CDN$
Investment Cash Flow -$85.2 -$804.9 -$98.2 -$64.6 -$109.6 -$362.5 -$403.0 -$481.9 -$1,474.0 $302.6 -$1,054.6 -$1,790.9 -$496.0 19.62% <-IRR #YR-> 10 5 Yr Running Average 499.66% CDN$
Total Accruals -$88.3 $627.8 -$163.3 $367.9 -$52.6 $111.0 $169.7 $55.1 $1,231.9 -$503.6 $381.4 $869.7 -$418.5 15.88% <-IRR #YR-> 5 5 Yr Running Average 108.97% CDN$
Total Assets $2,064.6 $3,438.6 $3,377.9 $4,071.3 $3,727.6 $4,050.0 $4,557.3 $4,901.0 $7,293.8 $7,457.1 $8,310.7 $10,282.2 $10,292.2 Balance Sheet Assets CDN$
Accruals Ratio -4.28% 18.26% -4.84% 9.04% -1.41% 2.74% 3.72% 1.12% 16.89% -6.75% 4.59% 8.46% -4.07% 4.59% <-Median-> 5 Ratio CDN$
EPS/CF Ratio 0.19 0.32 0.32 1.39 0.32 0.41 0.43 0.40 0.60 0.56 0.40 0.31 0.27 0.41 <-Median-> 10 EPS/CF Ratio CDN$
-$163.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $425.6
-$351.0 $0.0 $0.0 $0.0 $0.0 $425.6
-$122.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $731.7
-$350.2 $0.0 $0.0 $0.0 $0.0 $731.7
Chge in Close 27.19% 17.14% -20.21% 48.16% -6.06% 7.43% 24.99% 48.53% 116.50% -4.41% 32.91% 7.77% -26.96% 0.66% 0.00% 0.00% Count 31 Years of data CDN$
up/down down up down down up down down Count 18 58.06% CDN$
Meet Prediction? yes yes yes yes yes yes % right Count 14 77.78% CDN$
Financial Cash Flow US$ -$141.62 $430.93 -$235.98 -$177.24 -$170.80 -$8.07 -$189.51 -$228.08 $322.30 -$1,067.24 -$28.07 -$164.44 -$402.50 US$
Financial Cash Flow CDN$ -$150.63 $499.93 -$326.77 -$237.98 -$214.26 -$11.01 -$246.14 -$290.40 $408.61 -$1,445.47 -$37.12 -$236.61 -$551.67 C F Statement  Financial Cash Flow CDN$
Total Accruals $62.36 $127.92 $163.44 $605.93 $161.64 $121.99 $415.84 $345.52 $823.27 $941.86 $418.52 $1,106.35 $133.15 Accruals CDN$
Accruals Ratio 3.02% 3.72% 4.84% 14.88% 4.34% 3.01% 9.12% 7.05% 11.29% 12.63% 5.04% 10.76% 1.29% 10.76% <-Median-> 5 Ratio CDN$
Cash US$ $0.0 $0.0 $0.0 $2.7 $0.0 $0.0 $0.0 $4.3 $19.3 $147.1 $335.6 $0.0 $210.2 $210.19 US$
Cash CDN$ $0.0 $0.0 $0.0 $3.7 $0.0 $0.0 $0.0 $5.5 $24.5 $199.3 $443.8 $0.0 $288.1 $288.3 Yes, 0 Cash CDN$
Cash per Share $0.00 $0.00 $0.00 $0.04 $0.00 $0.00 $0.00 $0.06 $0.27 $2.30 $5.26 $0.00 $3.51 $3.51 $2.30 <-Median-> 5 Cash per Share CDN$
Percentage of Stock Price 0.00% 0.00% 0.00% 0.11% 0.00% 0.00% 0.00% 0.09% 0.19% 1.70% 2.92% 0.00% 2.47% 2.46% 1.70% <-Median-> 5 % of Stock Price CDN$
Barry Schwartz 17 April 2017
A number of analysts downgraded it for the first quarter.  We saw preannounced lousy results from US truckers recently.  
He thinks that at the end of the day, since they are very good capital allocators, that this will be a gift from the gods.
TransForce owns a portfolio of trucking, package delivery, logistics, waste management, and energy services companies. The courier division—whose operating companies include Loomis, ICS, and 
Canpar—is TransForce’s fastest-growing business and is benefiting from e-commerce growth. “When you buy something online, you have to get it delivered.”
With a forward price-to-earnings multiple of less than 10, the stock recently pulled back and is “starting to create a nice buying opportunity.”
http://www.moneyshow.com/investing/article/1/GI_InvClinic-31196/6-Canadian-Dividend-Stocks-That-Fly-Under-the-Radar/
TransForce owns a portfolio of trucking, package delivery, logistics, waste management, and energy services companies. The courier division—whose operating companies include Loomis, ICS, and Canpar—
is TransForce’s fastest-growing business and is benefiting from e-commerce growth. “When you buy something online, you have to get it delivered.”
With a forward price-to-earnings multiple of less than 10, the stock recently pulled back and is “starting to create a nice buying opportunity.”
Notes: 
March 15, 2026. Last estimates were in US$ of 2025, 2026, 2027 of $8630M, $9108M, $9523M for Revenue, $6.11< $7.89, $8.44 ADEPS, $5.40, $7.53 2025/6 EPS, 
$1.71, $1.86, $1.85 Dividends, $12.53, $12.83 2025/6 CFPS, $1362M, $1544M, $1715M forEBITDA, $35.71, $40.42, $52.36 BVPS, $447M, $618M 2025/6 Net Income.
February 23, 2025.  Last estimates were for 2024, 2025, 2026 of $8991M, $10014M, $10596M Revenue US$, $7.44, $9.28, $11.30 US$ AEPS, $7.28, $8.91 US$ EPS, 
$1.65, $1.89, $1.80 Dividends, $1248M, $920 2024 FCF, $11.60, $13.80, $13.40 US$ CFPS, $34.30, $41.20, $54.10 BVPS, $620M, $745M US$ 2024/5 Net Income.
February 25, 2024.  Last estimates were for 2023 and 2024 of $8400M, $8429M US$ for Revenue, $756, $866 and $10.27 for 2023/5 US$ for AEPS, $7.26 and $11.57 US$ for EPS,
 $1.35 and 1.51 US$ for Dividends, $810M and $920M US$ for FCF, $11.30 and 12.40 US$ for CFPS, $31.00 and $34.00 US$ for BVPS, $621M and $701M US$ for Net Income.
February 24, 2023.  Last estimates were for 2022, and 2023 in US$ of $8527M, $8687M for Revenue, $6.57, $7.04 for AEPS, 
$6.17 and $7.22 for EPS, $1.20 and $1.20 for Dividends, $7.35M and $856M for FCF, $12.020 and 12.80 for CFPS and $576M and $664M for Net Income.
February 27, 2022.  Last estimates were for 2021, 2022 and 2023 of $6190M, $7589M and $7721M US$ for Revenue, $2.94, $3.31 US$ for Adj EPS, $3.69, $4.62 and $5.65 US$ for EPS, 
$0.97, $1.03 and $1.25 US$ for Dividends, $463M, $572M and $698M US$ for FCF, $7.85, $9.99 and $11.10 US$ for CFPS, $429M, $524M and $626M US$ for Net Income.
March 15, 2021.  Company declared dividends in US$
February 23, 2021.  Last estimates were for 2020, 2021 and $2022 of $4770M, $5036M and $4800M for Revenue, $2.77, $3.70 and $4.17 for Adj EPS, $2.78, $3.48 and $3.64 for EPS,
$0.97, $1.07 and $1.12 for Dividends, $4.34M, $459M and $440M for FCF, $6.54, $7.75 and $7.53 for CFPS and $249M and $305M for Net Income for 2020 and 2021.
May 4, 2019.  Last estimates were for 2018, 2019 and 2020 of $4918M, $5050M and $5078M for Revenue, $2.65, 2.96 and $3.51 for Adj EPS, $2..29, $2.62 and $3.13 for EPS, 
$4.73 and $5.73 for CFPS for 2018 and 2019 and $209M, $234M ad $238M for Net Income.
April 29, 2018.  Last estimates were for 2017, 2018 and 2019 of $4723M, $4814M and $5027M for Revenue, $2.05, $2.20 and $2.93 for Adj EPS, $2.05, $2.20 and $2.93 for EPS, 
$3.68 for CFPS for 2017 and $188M, $218M and $275M for Net Income.
May 4, 2017. Last estimates were for 2016, 2017 and 2018 of 4021M, $4628M and $4713M for Revenue, $5.09, $2.41 and $2.63 Adjusted and EPS, 
$3.37 for CFPS for 2016 and $411M $227M and $245M for Net Income.
2016.  TransForce Inc. changed its name and symbol from TransForce Inc. to TFI International and TSX-TFI to TSX-TFII.
November 5, 2016.  Last estimates were for 2015, 2016 and 2017 of $4282M, $4300M and $4446M for Revenue, $1.74 and $1.97 for Adj EPS, $1.73 and $2.05 for EPS, $3.62, $6.62 and $3.16 for CFPS, $1.78. $211 and $2.16 for Net Income.
November 7, 2015.  Last estimates were for 2014,  2015 and 2016 of $3692M, $4354M and $4244M for Revenue, $1.49, $2.31 and $2.58 for EPS, $2.63 and $3.83 for CFPS for 2014 and 2015 and $143M, $224M and $256M for Net Income.
October 26, 2014.  Last estimates were for 2013 and 2014 of $3152.5M, 3291.4M for Revenue, $1.48 and $1.82 for EPS, $2.46 and $3.27 for CFPS.
Company was an income trust from 2002 to 2008.  When it changed to a corporation it dropped monthly distributions for quarterly distributions. Dividends dropped almost 75%.
2002 to 2008 as an income trust it was called TransForce Income Fund
Seo 2002.  TSX max chart only goes back to Sep 2002.
1999.  Company Changed its name to TFI International. 
1992.  It was acquired by Kingsway and renamed Cabano Kingsway Inc.
1985.  It was incorpoated in 1985 as Cabano 
1957.  founded by Emond Brothers
Sector:
Services, Industrial
What should this stock accomplish?
You buy this stock for diversification.
Expect some volitiality in growth and in dividends.  Overall dividends would be moderate (2-3% range) with moderate increases (8 to 17%).
Would I buy this company and Why.
If I was looking for an industrial stock, I would consider this stock.  
It is a dividend growth stock.
Adjusted net income and adjusted earnings per share
Net income and earnings per share excluding the after-tax effect of changes in the fair value of derivatives, net foreign exchange gain or loss, and of items that are not in the
Company’s normal business.
Why am I following this stock. 
I read a report called "6 Canadian Dividend Stocks That Fly Under the Radar" by John Heinzl in April of 2013.  This is one of the stocks mentioned.
There was also a good review of this stock by Advice Hotline by MPL Communications.
Why I bought this stock.
I bought this stock in 2017 because I liked the spreadsheet.  It is a stock recommended my MPL Communications.  
Dividends
Dividends are paid in Cycle 1, that is January, April, July and October.  Dividends are declared at the end of the month to be paid in the middle of the following month.
For example, the dividend payable for shareholders of record of December 31, 2013 was paid on January 15, 2014.
As of the April 2021 dividends, dividends are in US$ from CDN$.
How they make their money.
TFI International Inc is involved in the provision of transportation and logistics services across the United States, Canada, and Mexico. The company's 
reportable segments are; Less-Than-Truckload, which derives maximum revenue, Truckload, and Logistics. Geographically, the company generates 
maximum revenue from the United States.
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield (dividends and erarnings) 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 2018 May 4 2019 April 26 2020 Feb 21 2021 Feb 27 2022 Feb 24 2023 Feb 25 2024 Feb 23 2025 Mar 15 2026
Bédard, Alain 4.92% 4.282 5.26% 4.350 4.66% 4.711 5.11% 4.419 5.11% 4.564 5.40% 4.618 5.47% 4.840 5.89% 5.024 6.12% Seems to be selling options 3.80%
Chair & CEO - Shares - Amount $149.995 $188.907 $285.052 $668.291 $599.250 $822.562 $897.082 $686.664 $717.456
Options - percentage 3.95% 2.992 3.67% 2.601 2.79% 1.796 1.95% 1.526 1.76% 1.499 1.78% 0.703 0.83% 0.381 0.46% 0.263 0.32% -31.16%
Options - amount $120.387 $131.998 $170.459 $254.847 $206.894 $270.210 $136.627 $54.109 $37.494
Saperstein, Daivd Joseph 0.003 0.00% 0.004 0.00% 0.005 0.01% 0.007 0.01% 0.021 0.03% 0.027 0.03% 0.030 0.04% 0.032 0.04% 8.13%
CFO - Shares - Amount $0.127 $0.235 $0.681 $1.014 $3.809 $5.158 $4.249 $4.625
Options - percentage 0.036 0.04% 0.049 0.05% 0.057 0.06% 0.072 0.08% 0.058 0.07% 0.048 0.06% 0.038 0.05% 0.035 0.04% -6.00%
Options - amount $1.609 $3.189 $8.128 $9.699 $10.454 $9.292 $5.355 $5.067
Yan, Ping 0.010 0.01% 0.010 0.01% 0.010 0.01% 0.010 0.01% Last updated Aug 22 0.00%
Officer - Shares - Amount $1.820 $1.961 $1.432 $1.442
Options - percentage 0.021 0.03% 0.021 0.03% 0.021 0.03% 0.021 0.03% 0.00%
Options - amount $3.832 $4.130 $3.016 $3.036
Brookshaw, Steven 0.024 0.03% 0.026 0.03% see Executive Team 8.89%
Officer - Shares - Amount $3.355 $3.677
Options - percentage 0.013 0.02% 0.018 0.02% 36.18%
Options - amount $1.866 $2.558
Walker, Scott 0.000 0.00%
Officer - Shares - Amount $0.037
Options - percentage 0.003 0.00%
Options - amount $0.368
Paglia, Frank 0.004 0.00% 0.008 0.01% 0.008 0.01% Cannot find, on site -6.85%
Officer - Shares - Amount $0.815 $1.153 $1.081 re this officer, but 3 pages
Options - percentage 0.007 0.01% 0.000 0.04% 0.001 0.00% of officers. Only on INK '24 370.59%
Options - amount $1.410 $0.027 $0.126
Avi-Karam, Leslie 0.001 0.00% 0.003 0.00% 0.000 0.00% -100.00%
Director - Shares - Amount $0.223 $0.435 $0.000
Options - percentage 0.001 0.00% 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $0.166 $0.000 $0.000
Saputo, Joey 0.208 0.22% 0.208 0.24% 0.168 0.20% 0.169 0.20% 0.169 0.21% 0.169 0.21% 0.00%
Director - Shares - Amount $13.614 $28.172 $30.344 $32.815 $24.024 $24.183
Options - percentage 0.053 0.06% 0.055 0.06% 0.055 0.07% 0.001 0.00% 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $3.457 $7.402 $9.946 $0.166 $0.000 $0.000
Manning, Neil Donald 0.016 0.02% 0.016 0.02% 0.016 0.02% 0.017 0.02% 0.017 0.02% #DIV/0!
Director - Shares - Amount $1.039 $1.048 $2.170 $2.994 $3.360
Options - percentage 0.030 0.03% 0.034 0.04% 0.035 0.04% 0.036 0.04% 0.001 0.00% #DIV/0!
Options - amount $1.956 $2.204 $4.785 $6.421 $0.166
Bérard, André 0.06% 0.053 0.07% 0.053 0.06% 0.053 0.06% 0.053 0.06% 0.054 0.06% 0.054 0.06% 0.055 0.07% 0.055 0.07% 0.00%
Lead Director- Shares - Amount $1.878 $2.347 $3.486 $3.486 $7.214 $9.699 $10.565 $7.773 $7.825
Options - percentage 0.11% 0.101 0.12% 0.109 0.12% 0.113 0.12% 0.116 0.13% 0.117 0.14% 0.001 0.00% 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $3.338 $4.469 $7.163 $7.427 $15.703 $21.114 $0.166 $0.000 $0.000
Increase in O/S Shares 0.40% 1.029 1.19% 1.462 1.80% 1.530 1.64% 0.913 0.98% 0.755 0.87% 0.512 0.61% 0.512 0.61% 0.224 0.27% Average 0.67%
due to SO $11.777 $36.324 $64.512 $100.249 $59.814 $102.384 $92.296 $99.453 $31.763
Book Value $9.877 $23.596 $28.356 $27.809 $36.581 $24.584 $46.364 $34.139 $17.094
Insider Buying -$0.129 $0.000 $0.000 -$0.241 -$0.241 -$1.581 -$2.301 -$2.495 -$1.901
Insider Selling $5.419 $33.945 $22.060 $39.017 $35.822 $62.764 $33.549 $31.948 $2.086
Net Insider Selling $5.290 $33.945 $22.060 $38.777 $35.581 $61.183 $31.248 $29.452 $0.185
% of Market Cap 0.17% 0.94% 0.36% 0.30% 0.30% 0.40% 0.19% 0.25% 0.00%
Directors 10 10 11 10 10 11 10 10
Women 13% 3 30% 3 30% 4 36% 4 40% 4 40% 4 36% 4 40% 4 40%
Minorities 0% 0 0% 1 10% 1 9% 1 10% 1 10% 1 9% 1 10% 1 10%
Institutions/Holdings 36.25% 126 30.62% 20 20.53% 20 59.29% 20 93.84% 20 9878.00% 20 86.66% 20 90.67% 20 76.51%
Total Shares Held 37.12% 25.867 31.76% 17.065 20.95% 55.380 59.29% 87.312 100.89% 85.829 101.64% 73.175 86.69% 76.545 93.18% 62.850 76.51%
Increase/Decrease 0.06% -5.511 -17.56% 0.353 2.11% 7.935 16.73% 9.124 11.67% 3.124 3.78% 2.331 3.29% 5.693 8.04% 6.102 10.75%
Starting No. of Shares 31.378 16.712 Top 20 MS 47.445 Top 20 MS 78.188 Top 20 MS 82.705 Top 20 MS 70.844 Top 20 MS 70.852 Top 20 MS 56.747 Top 20 MS
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TransForce (Toronto: TFI)
Yield: 2.5%
Three-year dividend growth: 9.1%