CI Financial logo

CIX - CI Financial Share Price

C$19.19 0.1  0.6%

Last Trade - 07/08/20

Sector
Financials
Size
Mid Cap
Market Cap £2.36bn
Enterprise Value £3.21bn
Revenue £1.20bn
Position in Universe 113th / 2679
Bullish
Bearish
Unlock CIX Revenue
Momentum
Relative Strength (%)
1m -0.44%
3m
6m
1yr
Volume Change (%)
10d / 3m
Price vs... (%)
52w High -25.6%
50d MA
200d MA
Growth & Value
12m Forecast Rolling Industry Market
Valuation (ttm) Industry Market
Margin of Safety
Qualifying GuruScreens
Financial Summary
Year End 31st Dec 2014 2015 2016 2017 2018 2019 2020E 2021E CAGR / Avg
1,876 1,998 1,948 2,111 2,236 2,119 1,982 2,042 +2.5%
+23.2 +7.4 -6.4 +11.9 +14.6 -3.8 +0.72 +4.73
PEG
Profitability
ROA
%
%
Cashflow
Dividends
Balance Sheet
NFA
m
FINANCIAL BRIEF: : For the six months ended 30 June 2020, CI Financial Corp revenues decreased 8% to C$974.7M. Net income decreased 5% to C$240.4M. Revenues reflect Asset Management segment decrease of 13% to C$808.9M. Net income also reflects Investment dealer fees increase of 28% to C$106.8M (expense), Interest and lease finance increase of 11% to C$30.4M (expense). Dividend per share remained flat at C$0.36.
Health Trend(F-Score)
0 1 2 3 4 5 6 7 8 9
Bankruptcy Score(Z-Score)
Distress
Cautious
Safe
Earnings Manipulation Risk(M-Score)
Other Ratios
Recent History
Latest interim period vs. prior period Industry Market
3yr Compound Annual Growth Rate Industry Market
Graphical History

Revenue

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Net Income

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Normalised EPS

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PE Ratio Range

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Dividend Yield Range

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Analyst Forecasts
Price Target:
( below Price)
31st Dec 2020
31st Dec 2021
Est. Long Term Growth Rate: Net Profit
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EPS
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DPS
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Net Profit
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EPS
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DPS
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Consensus Estimate
1m Change
3m Change
Analyst Consensus
Strong Sell Sell Hold Buy Strong Buy
EPS 2019 /  2020
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Profile Summary

CI Financial Corp (CI) is a Canada-based wealth management company. The Company, through CI Investments Inc. (CI Investments), is an independent investment fund companies. The principal business of CI is the management, marketing, distribution and administration of investment products for Canadian investors. It operates through two business segments: Asset Management and Asset Administration. It also provides financial advice, tax, retirement, estate and wealth planning services. CI also has asset management operations in Australia through its subsidiary, GSFM Pty Limited GSFM. CI’s products are distributed primarily through brokers, independent financial planners and insurance advisors. The Asset Management segment focuses on the management of investment funds and other fee-earning investment products. The Asset Administration segment derives its revenue principally from fees and commissions from ongoing service and on the sale of investment funds and other financial products.

Directors
Last Annual December 31st, 2019
Last Interim March 31st, 2020
Incorporated November 12, 2008
Public Since June 20, 1994
No. of Shareholders: n/a
No. of Employees: 1,793
Sector Financials
Industry Investment Banking & Investment Services
Index S&P/TSX Composite , S&P - Tse 300 Capped ,
Exchange Toronto Stock Exchange
Shares in Issue 214,833,525
Free Float (0.0%)
Eligible for
ISAs
SIPPs
CIX Share Price Performance
Share Price
Bid - Ask
Low - High
Spread
Day's Change
Avg Volume
Open - Close
Range (12m)
Beta
Latest News for CIX
Upcoming Events for CIX
Tuesday 29th September, 2020
Dividend For CIX.TO - 0.1800 CAD
Thursday 5th November, 2020 Estimate
Q3 2020 CI Financial Corp Earnings Release
Thursday 12th November, 2020
Q3 2020 CI Financial Corp Earnings Call
Wednesday 30th December, 2020
Dividend For CIX.TO - 0.1800 CAD
Frequently Asked Questions for CI Financial
What is the CI Financial share price?

As of 07/08/20, shares in CI Financial are trading at C$19.19, giving the company a market capitalisation of £2.36bn. This share price information is delayed by 15 minutes.

How has the CI Financial share price performed this year?

Shares in CI Financial are currently trading at C$19.19 and the price has moved by 4.75% over the past 365 days. In terms of relative price strength - which takes into account the overall market trend - the CI Financial price has moved by 3.25% over the past year.

What are the analyst and broker recommendations for CI Financial?

Of the analysts with advisory recommendations for CI Financial, there are there are currently 1 "buy" , 3 "hold" and 0 "sell" recommendations. The overall consensus recommendation for CI Financial is Hold. You can view the full broker recommendation list by unlocking its StockReport.

When will CI Financial next release its financial results?

CI Financial is scheduled to issue upcoming financial results on the following dates:

Interim results are scheduled for: 2021-03-31
What is the CI Financial dividend yield?

The CI Financial dividend yield is 3.75% based on the trailing twelve month period.

Does CI Financial pay a dividend?

Last year, CI Financial paid a total dividend of 0.72, and it currently has a trailing dividend yield of 3.75%. Looking ahead, CI Financial has not announced an ex-dividend date yet.

When does CI Financial next pay dividends?

CI Financial has yet to annouce their ex-dividend date. The historic dividend yield on CI Financial shares is currently 3.75%.

How do I buy CI Financial shares?

To buy shares in CI Financial you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.

What is the market cap of CI Financial?

Shares in CI Financial are currently trading at C$19.19, giving the company a market capitalisation of £2.36bn.

Where are CI Financial shares listed? Where are CI Financial shares listed?

Here are the trading details for CI Financial:

Country of listing: Canada
Exchange: TOR
Ticker Symbol: CIX
What kind of share is CI Financial?

Based on an overall assessment of its quality, value and momentum, CI Financial is currently classified as a Super Stock. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.

Is there a CI Financial share price forecast 2020?

Shares in CI Financial are currently priced at C$19.19. At that level they are trading at 11.31% discount to the analyst consensus target price of 0.00.

Analysts covering CI Financial currently have a consensus Earnings Per Share (EPS) forecast of 2.305 for the next financial year.

How can I tell whether the CI Financial share price will go up?

An important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like CI Financial. Over the past six months, the relative strength of its shares against the market has been -15.15%. At the current price of C$19.19, shares in CI Financial are trading at 2.02% against their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.

What is the CI Financial PE Ratio?

The CI Financial PE ratio based on its reported earnings over the past 12 months is 8.5. The shares are currently trading at C$19.19.

The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. It is calculated by dividing a company's price per share by its earnings per share.

The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. So in general terms, the higher the PE, the more expensive the stock is.

Who are the key directors of CI Financial?

CI Financial's management team is headed by:

William Holland - CHM
Peter Anderson - PRE
Douglas Jamieson - CFO
Sheila Murray - DRC
Stephen Moore - IND
Thomas Muir - LED
David Miller - IND
Steven Donald - EVP
Neal Kerr - EVP
Rohit Mehta - EVP
Darie Urbanky - PRE
Brigette Chang-Addorisio - IND
William Butt - IND
Kurt MacAlpine - CEO
Edward Kelterborn - OTH
Lorraine Blair - EVP
Roy Ratnavel - EVP
Who are the major shareholders of CI Financial?

Here are the top five shareholders of CI Financial based on the size of their shareholding:

Manulife Asset Management Limited Investment Advisor
Percentage owned: 5.33% (11.5m shares)
Manulife Monthly High Income Fund Mutual Fund
Percentage owned: 4.88% (10.5m shares)
Chang (G Raymond) Individual Investor
Percentage owned: 4.76% (10.2m shares)
CI Investments Inc. Investment Advisor/Hedge Fund
Percentage owned: 4.26% (9.15m shares)
Holland (William Thomas) Individual Investor
Percentage owned: 3.78% (8.12m shares)
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