| CIX Stock | | | CAD 31.05 0.04 0.13% |
Taking into consideration CI Financial's profitability measurements, CI Financial Corp may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in December. Profitability indicators assess CI Financial's ability to earn profits and add value for shareholders. As of the 29th of November 2024,
Price To Sales Ratio is likely to drop to 0.76. In addition to that,
Days Sales Outstanding is likely to drop to 22.84. At this time, CI Financial's
Accumulated Other Comprehensive Income is very stable compared to the past year. As of the 29th of November 2024,
Net Income Applicable To Common Shares is likely to grow to about 391.8
M, while
Operating Income is likely to drop about 548.6
M.
For CI Financial profitability analysis, we use financial ratios and fundamental drivers that measure the ability of CI Financial to generate income relative to revenue, assets, operating costs, and current equity. These
fundamental indicators attest to how well CI Financial Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between CI Financial's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of CI Financial Corp over time as well as its relative position and ranking within its peers.
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Please note, there is a significant difference between CI Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if CI Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CI Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
CI Financial Corp Price To Book vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining CI Financial's current stock value. Our valuation model uses many indicators to compare CI Financial value to that of its competitors to determine the firm's financial worth.
CI Financial Corp is rated
below average in current valuation category among its peers. It is number one stock in price to book category among its peers . The ratio of Current Valuation to Price To Book for CI Financial Corp is about
1,510,655,490 . As of the 29th of November 2024,
Price To Book Ratio is likely to drop to 2.34. Comparative valuation analysis is a catch-all model that can be used if you cannot value CI Financial by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for CI Financial's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.
CIX Current Valuation vs. Competition
CI Financial Corp is rated
below average in current valuation category among its peers. After adjusting for long-term liabilities,
total market size of
Financials industry is currently estimated at about 109.2 Billion. CI Financial holds roughly 8.35 Billion in current valuation claiming about 8% of equities under Financials industry.
CIX Price To Book vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
CI Financial | Enterprise Value | = | Market Cap + Debt | - | Cash |
| = | 8.35 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
CI Financial | P/B | = | MV Per ShareBV Per Share |
| = | 5.53 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
CIX Price To Book Comparison
CI Financial is currently under evaluation in price to book category among its peers.
CI Financial Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in CI Financial, profitability is also one of the essential criteria for including it into their portfolios because, without profit, CI Financial will eventually generate negative long term returns. The profitability progress is the general direction of CI Financial's change in net profit over the period of time. It can combine
multiple indicators of CI Financial, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
CIX Profitability Driver Comparison
Profitability drivers are factors that can directly affect your
investment outlook on CI Financial. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of CI Financial position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the CI Financial's important profitability drivers and their relationship over time.
Use CI Financial in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CI Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CI Financial will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to CI Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CI Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CI Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CI Financial Corp to buy it.
The correlation of CI Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CI Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI Financial Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CI Financial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Use Investing Themes to Complement your CI Financial position
In addition to having CI Financial in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.
Farming
Companies producing farming products and providing services for farmers. The Farming theme has 43 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can
partner with us for reliable portfolio optimization as you plan to utilize
Farming Theme or any other
thematic opportunities.
Other Information on Investing in CIX Stock
To fully project CI Financial's
future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the
financial position of CI Financial Corp at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include CI Financial's income statement, its balance sheet, and the statement of cash flows.
Potential CI Financial investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although CI Financial investors may work on each financial statement separately, they are all related. The changes in CI Financial's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on CI Financial's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
