CI Financial Corp. (CIXX) Stock

About CI Financial Corp.

CI Financial Corp. functions as a publicly traded holding company within the asset management sector. Leveraging its various subsidiaries, the firm delivers customized investment portfolio management services to clients, spanning diverse asset classes such as equities, fixed income, and alternative investments. Beyond these individual portfolios, its offerings also encompass pooled investment vehicles, including mutual funds, hedge funds, and specialized fund-of-funds products. Founded in 1965, CI Financial maintains its primary corporate base in Toronto, Canada, supplemented by additional Canadian office locations in Vancouver, Calgary, and Montreal.

CI Financial Corp. is headquartered in CA.

CI Financial Corp. (CIXX) stock trades at $11.42 with a market capitalization of $2.25B. The stock is valued at a price-to-earnings (P/E) ratio of 545.61, price-to-book of 2.66, price-to-sales of 1.00. Over the past 52 weeks the stock has ranged between $8.50 and $19.09, and currently trades 40.2% below its 52-week high. It pays a dividend yielding 6.30%.

On profitability, CI Financial Corp. generates a return on equity (ROE) of 0.38%, return on capital employed of 18.35%, an operating margin of 28.75%, a net profit margin of 0.16%.

Official website: www.cifinancial.com

CI Financial Corp. by the numbers, 2014–2023

Between 2014 and 2023 CI Financial Corp. reported revenue of $1.9B rising to $3.2B, a change of +69.6% across 10 years. Compounded, revenue has grown 7.3% a year over five years, 15.7% over three, 30.8% over the last twelve months. Net profit fell to $5.0M.

Operating margin went from 39.1% in 2014 to 28.8% in 2023, a fall of 10.4 percentage points. The most recent net margin is 0.16%. On a trailing twelve-month basis to Sep '24, revenue is $3.6B and net profit $-69.0M.

Borrowings rose from $307.0M to $5.3B, cash on hand is $176.8M, cash from operations was $449.0M in the latest year, positive in 10 of the last 10.

Return on equity has averaged 22.2% over five years, and was 0.5% in the most recent year.

The share price itself has compounded at —% a year over five years, —% over three, —% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

CI Financial Corp. (CIXX) — frequently asked questions