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CI Financial (TSX:CIX) EV-to-EBITDA : 11.88 (As of May. 06, 2024)


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What is CI Financial EV-to-EBITDA?

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, CI Financial's enterprise value is C$6,158 Mil. CI Financial's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was C$518 Mil. Therefore, CI Financial's EV-to-EBITDA for today is 11.88.

The historical rank and industry rank for CI Financial's EV-to-EBITDA or its related term are showing as below:

TSX:CIX' s EV-to-EBITDA Range Over the Past 10 Years
Min: 5   Med: 9.99   Max: 17.93
Current: 11.88

During the past 13 years, the highest EV-to-EBITDA of CI Financial was 17.93. The lowest was 5.00. And the median was 9.99.

TSX:CIX's EV-to-EBITDA is ranked worse than
62.62% of 511 companies
in the Asset Management industry
Industry Median: 8.38 vs TSX:CIX: 11.88

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2024-05-06), CI Financial's stock price is C$16.70. CI Financial's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 was C$-0.040. Therefore, CI Financial's PE Ratio for today is At Loss.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio.


CI Financial EV-to-EBITDA Historical Data

The historical data trend for CI Financial's EV-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CI Financial EV-to-EBITDA Chart

CI Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.66 7.01 11.15 8.56 11.44

CI Financial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EV-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.56 9.75 9.54 9.96 11.44

Competitive Comparison of CI Financial's EV-to-EBITDA

For the Asset Management subindustry, CI Financial's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


CI Financial's EV-to-EBITDA Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, CI Financial's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where CI Financial's EV-to-EBITDA falls into.



CI Financial EV-to-EBITDA Calculation

CI Financial's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=6158.320/518.373
=11.88

CI Financial's current Enterprise Value is C$6,158 Mil.
CI Financial's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$518 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


CI Financial  (TSX:CIX) EV-to-EBITDA Explanation

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

CI Financial's PE Ratio for today is calculated as:

PE Ratio=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=16.70/-0.040
=At Loss

CI Financial's share price for today is C$16.70.
CI Financial's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.040.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio.

Please read Which price ratio outperforms the enterprise multiple?


CI Financial EV-to-EBITDA Related Terms

Thank you for viewing the detailed overview of CI Financial's EV-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.


CI Financial (TSX:CIX) Business Description

Traded in Other Exchanges
Address
15 York Street, 2nd Floor, Legal Department, Toronto, ON, CAN, M5J 0A3
CI Financial is a diversified provider of wealth management products and services, primarily in the Canadian market. The company had CAD 119.0 billion in core assets under management, another CAD 278.5 billion in wealth management assets under advisement, and CAD 23.4 billion in assets under custody at the end of September 2023, making it one of the largest nonbank affiliated asset managers in Canada. The company operates its fund business through CI Global Asset Management, which offers a broad selection of investment funds. On the wealth management side, the company operates through CI Assante Wealth Management, Aligned Capital Partners, CI Private Wealth, as well as a large group of acquired U.S.-based advisors, providing financial advice primarily to high-net-worth clients.