CIFAF CI Financial Corp featured news, full reports, and detailed charts
CI Financial Corp (CIFAF/CIFAF.PK) Wrap Up:
CI Financial, Inc. operates as a diversified wealth management firm and investment fund company in Canada. The company, through its subsidiaries, engages in the management and distribution of various financial products and services, including mutual funds, segregated funds, financial planning, insurance, investment advice, wealth management, and estate and succession planning. CI Financial offers mutual funds; industry funds in industry sectors, such as technology or biotechnology; global funds; closed-end funds; portfolio funds; multimanager funds; labour sponsored investment funds; segregated funds that offer insurance guarantees and other benefits; hedge funds; structured products; and other products. It distributes its investment products through investment dealers, mutual fund dealers, insurance agents, banks, and financial advisors. The company, formerly known as CI Fund Management, Inc., is headquartered in Toronto, Canada.CI Financial Corp (CIFAF:OTC)
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Market Cap
5.4B
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Total Revenue
1.3B
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EBITDA
424.5M
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DILUTED EPS TTM
0.98
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P/E
22.0x
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P/S
4.7x
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Return On Asset
6.96
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Return On Equity
18.84
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| K = Thousands M = Millions B = Billions | ||
CIFAF Top Compensated Officers
Executives, Board Directors
Key developments for CI Financial Corp (CIFAF)
CI Financial Corp. reported earnings results for the nine months ended September 30, 2009. For the period, net income was CAD 126.816 million or CAD 0.43 earnings per share on revenue of CAD 884.993 million compared to net income of CAD 392.176 million or CAD 1.40 earnings per share on revenue of CAD 1077.161 million for the same period a year ago. Net income from continuing operations was CAD 180.391 million or CAD 0.62 earnings per share from continuing operations against net income from continuing operations of CAD 399.286 million or CAD 1.43 earnings per share from continuing operations for the same period last year. EBITDA was CAD 393.919 million or CAD 1.35 EBITDA per share compared to EBITDA of CAD 512.473 million or CAD 1.84 EBITDA per share for the comparable period last year. Cash provided by operating activities was CAD 409.553 million against CAD 470.471 million of previous year period. The company reported cash from operations for the third quarter ended September 30, 2009. Cash provided by operating activities was CAD 155.787 million against CAD 107.021 million of previous year period.
CI Financial Corp. reported unaudited earnings results for the third quarter ended September 30, 2009. For the period, the company reported net income of $66.4 million or $0.23 per share and $0.25 adjusted per share. EBITDA were $141.6 million or $0.48 per share and $0.52 adjusted per share. Net sales of funds for the three months ended September 30, 2009 were $246 million. For the nine-month period ended September 30, 2009, the company's net sales were $1.1 billion. In other matters, the Board of Directors declared monthly cash dividends of $0.06 per share payable on each of December 15, 2009, January 15, 2010 and February 12, 2010 to shareholders of record on November 30, 2009, December 31, 2009 and January 31, 2010, respectively. The monthly dividend rate of $0.06 per share is an increase of 20% over the former rate of $0.05 per share and represents a yield of 3.7% on CI's closing share price of $19.25 on November 9, 2009.
CI Financial Corp. reported earnings results for the third quarter of 2009. For the period, the company posted an 86% decline in net income to $17.4 million or 6 cents per share, as it booked a loss on the sale of its Blackmont division. That compared with a quarterly profit of $118.1 million, 42 cents per share a year earlier. Adjusted net earnings from its continuing operations were $74 million or 25 cents per share, compared with $130 million or 47 cents per share a year earlier. Overall revenue fell to $318.7 million, down from $349.8 million in the third quarter of 2008.
CIFAF Competitors
| Company | Last | Change | |
| No competitor information is available for CIFAF. | |||
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Industry Analysis
| Valuation | CIFAF | Industry Range |
| Price/Earnings | 22.0x |
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| Price/Sales | 4.7x |
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| Price/Book | 3.9x |
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| Price/Cash Flow | 22.4x |
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| TEV/Sales | 4.0x |
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CIFAF |
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CIFAF transactions
| Type Date |
Target |
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Merger/Acquisition
October 26, 2009 |
Blackmont Capital Inc. |
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Buyback
May 27, 2009 |
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