This report should not be construed as providing investment advice. It is for educational purposes only.  Before making any investment decision, you should always do your own research or consult a investment professional.
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Estimates Estimates Estimates
See my website on stocks or see my blog at the following sites.  https://spbrunner.com/stocks.html https://spbrunner.blogspot.com/ Q1 2023
CI Financial Corp TSX CIX NYSE CIXX https://www.cifinancial.com/ Fiscal Yr: Dec 31
Year 12/31/10 12/31/11 12/31/12 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 Value Description #Y Item Total G
Accounting Rules C GAAP IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS Accounting Rules
Split Dates
Split
$103,469 <-12 mths -12.13%
Assets Under Management $72,825 $69,558 $75,723 $91,090 $102,886 $111,124 $117,889 $143,028 $124,360 $132,130 $135,052 $152,130 $117,753 55.50% <-Total Growth 10 Assets Under Mge From Td
Increase 13.43% -4.49% 8.86% 20.29% 12.95% 8.01% 6.09% 21.32% -13.05% 6.25% 2.21% 12.65% -22.60% 4.51% <-IRR #YR-> 10 Assets Under Mge 55.50%
5 year Running Average $63,529 $66,059 $67,378 $74,679 $82,416 $90,076 $99,742 $113,203 $119,857 $125,706 $130,492 $137,340 $132,285 -3.81% <-IRR #YR-> 5 Assets Under Mge -17.67%
Price /AUM Ratio 0.09 0.09 0.09 0.11 0.09 0.08 0.06 0.06 0.03 0.04 0.02 0.03 0.02 6.98% <-IRR #YR-> 10 5 year Running Average -77.27%
Assets Under Management in Millions P/AUM 10 yr  0.05 5 yr  0.03 3.16% <-IRR #YR-> 5 5 year Running Average -62.59%
Total Assets under Admin $405,817 <-12 mths 8.00%
Assets Under Advisement (Wealth Mge) $302,348 <-12 mths 17.19% Found in 
Assets Under Advisement (Wealth Mge) $24,586 $28,766 $31,874 $34,552 $38,235 $42,699 $41,813 $49,759 $96,487 $231,972 $258,000 News Rel
Total Assets Under Admin $95,322 $91,102 $98,922 $118,050 $132,581 $145,676 $156,124 $185,727 $166,173 $181,889 $231,539 $384,102 $375,753 279.85% <-Total Growth 10 Assets Under Admin
Increase 11.23% -4.43% 8.58% 19.34% 12.31% 9.88% 7.17% 18.96% -10.53% 9.46% 27.30% 65.89% -2.17% 14.28% <-IRR #YR-> 10 Assets Under Admin 279.85%
5 year Running Average $89,936 $91,592 $90,261 $97,819 $107,195 $117,266 $130,271 $147,632 $157,256 $167,118 $184,290 $229,886 $267,891 15.13% <-IRR #YR-> 5 Assets Under Admin 102.31%
Price /AUM Ratio 0.07 0.07 0.07 0.09 0.07 0.06 0.05 0.04 0.03 0.03 0.01 0.01 0.01 11.49% <-IRR #YR-> 10 5 year Running Average -90.70%
Total Assets under Administration in Millions P/AUM 10 yr  0.04 5 yr  0.01 12.66% <-IRR #YR-> 5 5 year Running Average -84.78%
Expenses $1,258.3 $1,370.8 $1,393.1 $1,392.4 $1,410.0 $2,140.9 $1,858.1 47.67% <-Total Growth 6 Expenses
Change 8.94% 1.63% -0.05% 1.27% 51.83% -13.21% 1.45% <-Median-> 6 Change
As a Ratio 0.65 0.65 0.62 0.66 0.69 0.79 0.80 0.66 <-Median-> 7 As a Ratio
$2,338 <-12 mths 0.17%
Revenue* $1,378.4 $1,496.3 $1,457.7 $1,616.7 $1,875.9 $1,997.6 $1,948.3 $2,111.3 $2,236.4 $2,119.2 $2,050.5 $2,727.0 $2,334.3 $2,629 $2,820 $2,741 60.13% <-Total Growth 10 Revenue
Increase 13.12% 8.55% -2.58% 10.90% 16.04% 6.49% -2.47% 8.37% 5.92% -5.24% -3.25% 33.00% -14.40% 12.62% 7.27% -2.80% 4.82% <-IRR #YR-> 10 Revenue 60.13%
5 year Running Average $1,417.3 $1,451.8 $1,412.6 $1,433.5 $1,565.0 $1,688.9 $1,779.3 $1,910.0 $2,033.9 $2,082.6 $2,093.1 $2,248.9 $2,293.5 $2,372.0 $2,512.2 $2,650.3 2.03% <-IRR #YR-> 5 Revenue 10.56%
Revenue per Share $4.80 $5.28 $5.15 $5.68 $6.66 $7.24 $7.34 $7.77 $9.18 $9.56 $9.75 $13.81 $12.65 $14.25 $15.28 $14.85 4.97% <-IRR #YR-> 10 5 yr Running Average 62.36%
Increase 14.85% 10.03% -2.35% 10.32% 17.14% 8.68% 1.47% 5.74% 18.16% 4.13% 2.01% 41.71% -8.41% 12.62% 7.27% -2.80% 3.73% <-IRR #YR-> 5 5 yr Running Average 20.08%
5 year Running Average $4.93 $5.06 $4.91 $5.02 $5.51 $6.00 $6.42 $6.94 $7.64 $8.22 $8.72 $10.01 $10.99 $12.00 $13.15 $14.17 9.40% <-IRR #YR-> 10 Revenue per Share 145.52%
P/S (Price/Sales) Med 4.20 4.06 4.42 5.30 5.09 4.52 3.71 3.59 2.56 2.04 1.88 1.65 1.56 0.43 0.00 0.00 10.25% <-IRR #YR-> 5 Revenue per Share 62.91%
P/S (Price/Sales) Close 4.69 4.00 4.84 6.22 4.85 4.23 3.93 3.83 1.88 2.27 1.62 1.91 1.07 1.04 0.97 1.00 8.38% <-IRR #YR-> 10 5 yr Running Average 123.62%
*Revenue in M CDN $  P/S Med 20 yr  4.03 15 yr  3.84 10 yr  3.07 5 yr  1.88 -66.09% Diff M/C 9.63% <-IRR #YR-> 5 5 yr Running Average 58.38%
-$1,457.7 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $2,334
-$2,111.3 $0.0 $0.0 $0.0 $0.0 $2,334
-$1,412.6 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $2,293.5
-$1,910.0 $0.0 $0.0 $0.0 $0.0 $2,293.5
-$5.15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $12.65
-$7.77 $0.00 $0.00 $0.00 $0.00 $12.65
-$4.91 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.99
-$6.94 $0.00 $0.00 $0.00 $0.00 $10.99
$2.99 <-12 mths -3.55%
Adjusted Profit CDN$ $328.4 $376.9 $352.2 $426.4 $520.0 $563.7 $532.1 $579.2 $617.5 $565.0 $528.7 $634.8 $587.7 66.87% <-Total Growth 10 Adjusted Profit CDN$
Basic $1.14 $1.31 $1.24 $1.50 $1.83 $2.02 $1.96 $2.19 $2.38 $2.41 $2.47 $3.15 $3.11 150.24% <-Total Growth 10 Basic
AEPS* Dilued $1.14 $1.31 $1.24 $1.50 $1.83 $2.02 $1.96 $2.19 $2.38 $2.41 $2.45 $3.14 $3.10 $3.23 $3.55 $3.51 150.00% <-Total Growth 10 AEPS
Increase 21.28% 14.91% -5.34% 20.97% 22.00% 10.38% -2.97% 11.73% 8.68% 1.26% 1.66% 28.16% -1.27% 4.19% 9.91% -1.13% 10 0 10 Years of Data, EPS P or N 100.00%
AEPS Yield 5.07% 6.21% 4.97% 4.24% 5.67% 6.60% 6.79% 7.36% 13.77% 11.10% 15.53% 11.88% 22.95% 21.75% 23.91% 23.64% 9.60% <-IRR #YR-> 10 AEPS 150.00%
5 year Running Average $1.43 $1.25 $1.23 $1.40 $1.58 $1.71 $1.90 $2.08 $2.19 $2.28 $2.51 $2.70 $2.87 $3.09 $3.31 7.20% <-IRR #YR-> 5 AEPS 41.55%
Payout Ratio 77.48% 47.78% 75.74% 93.72% 50.59% 37.14% 37.99% 30.13% -1.06% 6.86% 29.39% 22.93% 23.23% 22.29% 20.28% 20.51% 7.99% <-IRR #YR-> 10 5 yr Running Average 115.68%
5 year Running Average 53.02% 61.16% 79.46% 69.06% 60.99% 59.03% 49.91% 30.96% 22.21% 20.66% 17.65% 16.27% 20.94% 23.62% 21.85% 7.25% <-IRR #YR-> 5 5 yr Running Average 41.89%
Price/AEPS Median 17.68 16.36 18.36 20.07 18.52 16.21 13.91 12.72 9.87 8.10 7.48 7.25 6.37 4.52 0.00 0.00 11.30 <-Median-> 10 Price/AEPS Median
Price/AEPS High 19.74 18.20 20.10 23.57 20.10 17.91 15.79 13.59 12.64 9.08 10.39 9.68 8.76 5.32 0.00 0.00 13.12 <-Median-> 10 Price/AEPS High
Price/AEPS Low 15.61 14.52 16.61 16.57 16.94 14.50 12.03 11.84 7.11 7.11 4.56 4.81 3.98 3.73 0.00 0.00 9.48 <-Median-> 10 Price/AEPS Low
Price/AEPS Close 19.74 16.11 20.10 23.57 17.64 15.15 14.73 13.59 7.26 9.01 6.44 8.42 4.36 4.60 4.18 4.23 11.30 <-Median-> 10 Price/AEPS Close
Trailing P/AEPS Close 23.94 18.51 19.03 28.51 21.53 16.72 14.29 15.19 7.89 9.12 6.55 10.79 4.30 4.79 4.60 4.18 12.54 <-Median-> 10 Trailing P/AEPS Close
Median Values DPR 10 Yrs 29.76% 5 Yrs   22.93% P/CF 5 Yrs   in order 7.48 9.68 4.81 7.26 -38.50% Diff M/C DPR 75% to 95% best
* Adjusted Earnings per Share
-$1.24 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.10
-$2.19 $0.00 $0.00 $0.00 $0.00 $3.10
-$1.25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.70
-$1.90 $0.00 $0.00 $0.00 $0.00 $2.70
$1.04 <-12 mths -34.18%
pre-split '98
pre-split Jan 00
pre-split 00
EPS Basic $1.14 $1.31 $1.24 $1.50 $1.85 $1.99 $1.86 $1.89 $2.38 $2.30 $2.22 $2.03 $1.59 28.23% <-Total Growth 10 EPS Basic
pre-split '98
pre-split Jan 00
pre-split 00
EPS Diluted* $1.13 $1.31 $1.24 $1.50 $1.85 $1.98 $1.85 $1.89 $2.38 $2.29 $2.21 $2.02 $1.58 $2.40 $2.98 $3.10 27.42% <-Total Growth 10 EPS Diluted
Increase 11.88% 15.93% -5.34% 20.97% 23.33% 7.03% -6.57% 2.16% 25.93% -3.78% -3.49% -8.60% -21.78% 51.90% 24.17% 4.03% 10 0 10 Years of Data, EPS P or N
Average Increases 5 Year Running 12.66% 13.58% -8.41% 1.39% 13.35% 12.38% 7.88% 9.38% 10.38% 4.95% 2.85% 2.44% -2.35% 2.85% 8.44% 9.94% 6.42% <-Median-> 10 Average Incr 5 Year Running
Earnings Yield 5.0% 6.2% 5.0% 4.2% 5.7% 6.5% 6.4% 6.3% 13.8% 10.5% 14.0% 7.6% 11.7% 16.2% 20.1% 20.9% 2.45% <-IRR #YR-> 10 Earnings per Share 27.42%
5 year Running Average $1.40 $1.45 $1.26 $1.24 $1.41 $1.58 $1.68 $1.81 $1.99 $2.08 $2.12 $2.16 $2.10 $2.10 $2.24 $2.42 -3.52% <-IRR #YR-> 5 Earnings per Share -16.40%
10 year Running Average $0.88 $1.01 $1.17 $1.29 $1.39 $1.49 $1.57 $1.54 $1.61 $1.74 $1.85 $1.92 $1.96 $2.05 $2.16 $2.27 5.25% <-IRR #YR-> 10 5 yr Running Average 66.88%
* Diluted ESP per share  E/P 10 Yrs 7.06% 5Yrs 11.70% 2.93% <-IRR #YR-> 5 5 yr Running Average 15.55%
-$1.24 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.58
-$1.89 $0.00 $0.00 $0.00 $0.00 $1.58
-$1.26 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.10
-$1.81 $0.00 $0.00 $0.00 $0.00 $2.10
Dividend* $0.72 $0.73 $0.72 Dividend*
Increase 0.00% 1.39% -1.37% Increase
Special Dividends $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends
pre-split '98
pre-split Jan 00
pre-split 00
Dividend* $0.75 $0.88 $0.95 $1.05 $1.18 $1.30 $1.36 $1.40 $1.12 $0.72 $0.72 $0.72 $0.72 $0.72 $0.72 $0.72 -24.21% <-Total Growth 10 Dividends
Increase -73.21% 17.33% 7.95% 10.00% 12.92% 9.75% 4.63% 3.14% -19.86% -35.71% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 16 4 27 Years of data, Count P, N
Average Increases 5 Year Running 36.62% 38.01% -3.52% -0.53% -5.00% 11.59% 9.05% 8.09% 2.12% -7.61% -9.56% -10.49% -11.11% -7.14% 0.00% 0.00% -2.77% <-Median-> 10 Average Incr 5 Year Running
Dividends 5 Yr Running $1.70 $1.74 $1.49 $1.29 $0.96 $1.07 $1.17 $1.25 $1.27 $1.18 $1.06 $0.94 $0.80 $0.72 $0.72 $0.72 -46.31% <-Total Growth 10 Dividends 5 Yr Running
Yield H/L Price 3.72% 4.11% 4.17% 3.47% 3.48% 3.96% 4.97% 5.02% 4.77% 3.69% 3.93% 3.16% 3.65% 4.93% 3.81% <-Median-> 10 Yield H/L Price
Yield on High  Price 3.33% 3.69% 3.81% 2.96% 3.21% 3.58% 4.38% 4.69% 3.72% 3.29% 2.83% 2.37% 2.65% 4.19% 3.25% <-Median-> 10 Yield on High  Price
Yield on Low Price 4.21% 4.63% 4.61% 4.20% 3.81% 4.42% 5.75% 5.39% 6.62% 4.20% 6.45% 4.77% 5.83% 5.97% 5.08% <-Median-> 10 Yield on Low Price
Yield on Close Price 3.33% 4.17% 3.81% 2.96% 3.65% 4.23% 4.69% 4.69% 6.48% 3.32% 4.56% 2.72% 5.33% 4.85% 4.85% 4.85% 4.40% <-Median-> 10 Yield on Close Price
Payout Ratio EPS 66.37% 67.18% 76.61% 69.67% 63.78% 65.40% 73.24% 73.94% 47.06% 31.44% 32.58% 35.64% 45.57% 30.00% 24.16% 23.23% 55.42% <-Median-> 10 DPR EPS
DPR EPS 5 Yr Running 120.90% 119.69% 118.63% 103.80% 68.35% 67.89% 69.18% 69.16% 63.79% 56.67% 50.02% 43.35% 38.17% 34.29% 32.17% 29.80% 65.84% <-Median-> 10 DPR EPS 5 Yr Running
Payout Ratio CFPS 37.38% 48.83% 49.64% 47.82% 47.31% 55.21% 54.91% 62.04% 44.88% 28.62% 27.95% 21.34% 27.74% 18.85% 27.07% 160.00% 46.10% <-Median-> 10 DPR CF
DPR CF 5 Yr Running 87.16% 86.17% 77.50% 65.54% 46.20% 49.81% 51.07% 53.41% 52.65% 48.75% 43.16% 35.40% 29.51% 24.19% 23.96% 27.91% 49.28% <-Median-> 10 DPR CF 5 Yr Running
Payout Ratio CFPS WC 42.84% 74.74% 49.03% 50.11% 49.07% 51.98% 58.01% 62.70% 41.64% 27.48% 28.94% 21.86% 23.53% 18.85% 27.07% 160.00% 45.36% <-Median-> 10 DPR CF WC
DPR CF WC 5 Yr Running 90.48% 96.26% 86.67% 74.17% 51.36% 52.99% 51.76% 54.33% 52.24% 47.61% 42.97% 35.11% 28.27% 23.56% 23.50% 27.10% 51.56% <-Median-> 10 DPR CF WC 5 Yr Running
Median Values 10 Yr Med 10 Yr Cl 3.81% 4.40% 5 Yr Med 5 Yr Cl 3.69% 4.56% 5 Yr Med Payout 35.64% 27.95% 27.48% -12.42% <-IRR #YR-> 5 Dividends -48.48%
* Dividends per share  10 Yr Med and Cur. 27.23% 10.26% 5 Yr Med and Cur. 31.38% 6.26% Last Div Inc ---> $0.3525 $0.1800 -48.9% 5.05% <-IRR #YR-> 10 Dividends -24.21%
Dividends Growth 15 -7.11% <-IRR #YR-> 15 Dividends -66.93%
Dividends Growth 20 13.23% <-IRR #YR-> 20 Dividends 1100.00%
Dividends Growth 25 15.41% <-IRR #YR-> 25 Dividends
Dividends Growth 30 17.16% <-IRR #YR-> 27 Dividends
Dividends Growth 5 -$1.40 $0.00 $0.00 $0.00 $0.00 $0.72 Dividends Growth 5
Dividends Growth 10 -$0.95 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.72 $0.00 $0.00 $0.72 Dividends Growth 10
Dividends Growth 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.72 Dividends Growth 15
Dividends Growth 20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.72 Dividends Growth 20
Dividends Growth 25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.72 Dividends Growth 25
Dividends Growth 30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.72 Dividends Growth 30
Historical Dividends Historical High Div 10.80% Low Div 0.36% 10 Yr High 6.61% 10 Yr Low 2.40% Med Div 3.65% Close Div 3.32% Historical Dividends
High/Ave/Median Values Curr diff Exp. -55.11%     1247% Cheap 386.71% 1240.48% Cheap 32.84% Cheap 45.82% High/Ave/Median 
Future Dividend Yield Div Yield 2.50% earning in 5.00 Years at IRR of -12.42% Div Inc. -48.48% Future Dividend Yield
Future Dividend Yield Div Yield 1.29% earning in 10.00 Years at IRR of -12.42% Div Inc. -73.46% Future Dividend Yield
Future Dividend Yield Div Yield 0.66% earning in 15.00 Years at IRR of -12.42% Div Inc. -86.32% Future Dividend Paid
Div Paid $0.37 earning in 5 Years at IRR of -12.42% Div Inc. -48.48% Future Dividend Paid
Div Paid $0.19 earning in 10 Years at IRR of -12.42% Div Inc. -73.46% Future Dividend Paid
Div Paid $0.10 earning in 15 Years at IRR of -12.42% Div Inc. -86.32% Future Dividend Paid
Total Div $2.81 over 5 Years at IRR of -12.42% Div Cov. 18.92% Dividend Covering Cost
Total Div $3.89 over 10 Years at IRR of -12.42% Div Cov. 26.17% Dividend Covering Cost
Total Div $4.44 over 15 Years at IRR of -12.42% Div Cov. 29.91% Dividend Covering Cost
Yield if held 5 years 4.48% 3.52% 3.49% 5.26% 7.09% 6.43% 6.32% 6.14% 3.72% 2.12% 2.20% 2.64% 2.58% 3.06% 3.69% 3.93% 4.49% <-Median-> 10 Paid Median Price
Yield if held 10 years 9.04% 6.38% 8.24% 10.56% 8.50% 7.73% 5.42% 5.13% 5.64% 4.32% 3.57% 3.36% 3.16% 2.39% 2.12% 2.20% 5.28% <-Median-> 10 Paid Median Price
Yield if held 15 years 47.17% 58.96% 48.41% 29.40% 31.62% 15.60% 9.83% 12.13% 11.31% 5.19% 4.30% 2.88% 2.64% 3.63% 4.32% 3.57% 10.57% <-Median-> 10 Paid Median Price
Yield if held 20 years 88.39% 81.45% 90.79% 71.21% 31.51% 19.30% 8.67% 5.22% 6.25% 7.27% 5.19% 4.30% 31.51% <-Median-> 9 Paid Median Price
Yield if held 25 years 53.93% 45.28% 48.24% 36.69% 20.26% 19.30% 8.67% 46.76% <-Median-> 4 Paid Median Price
Yield if held 30 years 53.93% 45.28% #NUM! <-Median-> 0 Paid Median Price
Cost covered if held 5 years 50.69% 34.73% 27.34% 32.36% 28.86% 26.55% 27.18% 27.55% 21.08% 17.37% 16.23% 17.16% 14.36% 15.32% 18.45% 19.66% 23.82% <-Median-> 10 Paid Median Price Item
Cost covered if held 10 years 119.19% 77.94% 100.98% 125.18% 94.90% 82.64% 58.04% 50.37% 64.33% 64.22% 52.92% 49.01% 45.12% 33.04% 27.99% 27.23% 61.13% <-Median-> 10 Paid Median Price EPS
Cost covered if held 15 years 629.09% 727.81% 600.89% 360.65% 374.45% 183.64% 120.18% 155.40% 189.29% 137.33% 114.36% 76.77% 65.05% 82.46% 85.84% 70.78% 146.37% <-Median-> 10 Paid Median Price AEPS
Cost covered if held 20 years 1053.75% 965.57% 1118.09% 920.51% 539.25% 532.23% 247.65% 154.10% 190.11% 225.66% 163.28% 135.86% 539.25% <-Median-> 9 Paid Median Price CFPS
Cost covered if held 25 years 1494.76% 1299.69% 1431.49% 1124.33% 640.55% 628.70% 291.02% 1365.59% <-Median-> 4 Paid Median Price FCF 
Cost covered if held 30 years 1764.42% 1526.10% #NUM! <-Median-> 0 Paid Median Price
Yr  Item Tot. Grth
Revenue Growth  $1,948.3 $2,111.3 $2,236.4 $2,119.2 $2,050.5 $2,727.0 $2,334.3 $15,527.0 10.56% <-Total Growth 6 Revenue Growth  10.56%
AEPS Growth $1.96 $2.19 $2.38 $2.41 $2.45 $3.14 $3.10 $17.63 41.55% <-Total Growth 6 AEPS Growth 41.55%
Net Income Growth $503.0 $499.9 $617.5 $538.4 $476.0 $409.3 $299.8 $3,343.9 -40.04% <-Total Growth 6 Net Income Growth -40.04%
Cash Flow Growth $654.7 $612.4 $608.2 $558.0 $542.0 $666.0 $478.9 $4,120.2 -21.80% <-Total Growth 6 Cash Flow Growth -21.80%
Dividend Growth $1.36 $1.40 $1.12 $0.72 $0.72 $0.72 $0.72 $6.75 -48.48% <-Total Growth 6 Dividend Growth -48.48%
Stock Price Growth $28.87 $29.77 $17.28 $21.71 $15.78 $26.44 $13.51 -54.62% <-Total Growth 6 Stock Price Growth -54.62%
Revenue Growth  $1,496.3 $1,457.7 $1,616.7 $1,875.9 $1,997.6 $1,948.3 $2,111.3 $2,236.4 $2,119.2 $2,050.5 $2,727.0 $2,334.3 $22,474.9 60.13% <-Total Growth 10 Revenue Growth  60.13%
AEPS Growth $1.31 $1.24 $1.50 $1.83 $2.02 $1.96 $2.19 $2.38 $2.41 $2.45 $3.14 $3.10 $24.22 150.00% <-Total Growth 10 AEPS Growth 150.00%
Net Income Growth $376.9 $352.2 $426.4 $525.0 $553.5 $503.0 $499.9 $617.5 $538.4 $476.0 $409.3 $299.8 $5,201.0 -14.88% <-Total Growth 10 Net Income Growth -14.88%
Cash Flow Growth $511.1 $541.4 $621.4 $702.6 $647.4 $654.7 $612.4 $608.2 $558.0 $542.0 $666.0 $478.9 $6,633.1 -11.55% <-Total Growth 10 Cash Flow Growth -11.55%
Dividend Growth $0.88 $0.95 $1.05 $1.18 $1.30 $1.36 $1.40 $1.12 $0.72 $0.72 $0.72 $0.72 -24.21% <-Total Growth 10 Dividend Growth -24.21%
Stock Price Growth $21.10 $24.93 $35.35 $32.29 $30.60 $28.87 $29.77 $17.28 $21.71 $15.78 $26.44 $13.51 -45.81% <-Total Growth 10 Stock Price Growth -45.81%
Dividends on Shares $42.85 $48.38 $53.10 $55.56 $57.30 $45.92 $29.52 $29.52 $29.52 $29.52 $29.52 $29.52 $29.52 $421.17 No of Years 10 Total Divs 12/31/12
Paid  $1,022.13 $1,449.35 $1,323.89 $1,254.60 $1,183.67 $1,220.57 $708.48 $890.11 $646.98 $1,084.04 $553.91 $608.85 $608.85 $608.85 $553.91 No of Years 10 Worth $24.93
Total $975.08 41.00
Graham No. AEPS $12.00 $12.98 $12.86 $14.69 $16.68 $17.66 $17.03 $19.31 $17.73 $19.11 $20.36 $23.84 $24.67 $25.15 $26.37 $26.22 91.88% <-Total Growth 10 Graham Price AEPS
Price/GP Ratio Med 1.68 1.65 1.77 2.05 2.03 1.85 1.60 1.44 1.33 1.02 0.90 0.95 0.80 0.58 1.38 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 1.88 1.84 1.94 2.41 2.21 2.05 1.82 1.54 1.70 1.15 1.25 1.28 1.10 0.68 1.62 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 1.48 1.47 1.60 1.69 1.86 1.66 1.38 1.34 0.95 0.90 0.55 0.63 0.50 0.48 1.15 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 1.88 1.63 1.94 2.41 1.94 1.73 1.69 1.54 0.97 1.14 0.77 1.11 0.55 0.59 0.56 0.57 1.34 <-Median-> 10 Price/GP Ratio
Prem/Disc Close 87.50% 62.59% 93.92% 140.58% 93.63% 73.27% 69.49% 54.19% -2.52% 13.60% -22.51% 10.89% -45.23% -40.96% -43.68% -43.36% 33.89% <-Median-> 10 Graham Price
Graham No. EPS $11.95 $12.98 $12.86 $14.69 $16.77 $17.48 $16.55 $17.94 $17.73 $18.63 $19.34 $19.12 $17.61 $21.68 $24.16 $24.64 36.98% <-Total Growth 10 Graham Price EPS
Price/GP Ratio Med 1.69 1.65 1.77 2.05 2.02 1.87 1.65 1.55 1.33 1.05 0.95 1.19 1.12 0.67 1.44 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 1.88 1.84 1.94 2.41 2.19 2.07 1.87 1.66 1.70 1.17 1.32 1.59 1.54 0.79 1.68 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 1.49 1.47 1.60 1.69 1.85 1.68 1.42 1.45 0.95 0.92 0.58 0.79 0.70 0.56 1.19 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 1.88 1.63 1.94 2.41 1.93 1.75 1.74 1.66 0.97 1.17 0.82 1.38 0.77 0.68 0.61 0.60 1.52 <-Median-> 10 Price/GP Ratio
Prem/Disc Close 88.33% 62.59% 93.92% 140.58% 92.58% 75.01% 74.46% 65.98% -2.52% 16.53% -18.41% 38.26% -23.29% -31.50% -38.53% -39.73% 52.12% <-Median-> 10 Graham Price
Price Close $22.50 $21.10 $24.93 $35.35 $32.29 $30.60 $28.87 $29.77 $17.28 $21.71 $15.78 $26.44 $13.51 $14.85 $14.85 $14.85 -45.81% <-Total Growth 10 Stock Price
Increase 2.27% -6.22% 18.15% 41.80% -8.66% -5.23% -5.65% 3.12% -41.95% 25.64% -27.31% 67.55% -48.90% 9.92% 0.00% 0.00% 16.50 <-Median-> 10 CAPE (10 Yr P/E)
P/E 19.91 16.11 20.10 23.57 17.45 15.45 15.61 15.75 7.26 9.48 7.14 13.09 8.55 6.19 4.98 4.79 -14.62% <-IRR #YR-> 5 Stock Price -54.62%
Trailing P/E 22.28 18.67 19.03 28.51 21.53 16.54 14.58 16.09 9.14 9.12 6.89 11.96 6.69 9.40 6.19 4.98 -5.94% <-IRR #YR-> 10 Stock Price -45.81%
CAPE (10 Yr P/E) 21.51 19.55 18.01 18.16 17.96 17.61 16.61 17.06 16.40 15.18 13.93 13.69 12.87 11.30 9.90 8.72 -10.97% <-IRR #YR-> 5 Price & Dividend -41.18%
Median 10, 5 Yrs D.  per yr 5.34% 3.65% % Tot Ret -892.77% -33.26% T P/E 13.27 9.12 P/E:  14.27 8.55 -0.60% <-IRR #YR-> 10 Price & Dividend -4.60%
Price 15 D.  per yr 5.81% % Tot Ret 552.31% CAPE Diff -62.51% -4.76% <-IRR #YR-> 15 Stock Price -51.87%
Price  20 D.  per yr 8.69% % Tot Ret 92.97% 0.66% <-IRR #YR-> 20 Stock Price 14.01%
Price  25 D.  per yr 11.92% % Tot Ret 62.25% 7.22% <-IRR #YR-> 25 Stock Price
Price  30 D.  per yr 10.74% % Tot Ret 56.41% 8.30% <-IRR #YR-> 28 Stock Price
Price & Dividend 15 1.05% <-IRR #YR-> 15 Price & Dividend 11.27%
Price & Dividend 20 9.35% <-IRR #YR-> 20 Price & Dividend 198.90%
Price & Dividend 25 19.14% <-IRR #YR-> 25 Price & Dividend
Price & Dividend 30 19.04% <-IRR #YR-> 28 Price & Dividend
Price  5 -$24.93 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $13.51 Price  5
Price 10 -$29.77 $0.00 $0.00 $0.00 $0.00 $13.51 Price 10
Price & Dividend 5 -$24.93 $1.05 $1.18 $1.30 $1.36 $1.40 $1.12 $0.72 $0.72 $0.72 $14.23 Price & Dividend 5
Price & Dividend 10 -$29.77 $1.12 $0.72 $0.72 $0.72 $14.23 Price & Dividend 10
Price  15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $13.51 Price  15
Price  20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $13.51 Price  20
Price  25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $13.51 Price  25
Price  30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $13.51 Price  30
Price & Dividend 15 $0.75 $0.88 $0.95 $1.05 $1.18 $1.30 $1.36 $1.40 $1.12 $0.72 $0.72 $0.72 $14.23 Price & Dividend 15
Price & Dividend 20 $0.75 $0.88 $0.95 $1.05 $1.18 $1.30 $1.36 $1.40 $1.12 $0.72 $0.72 $0.72 $14.23 Price & Dividend 20
Price & Dividend 25 $0.75 $0.88 $0.95 $1.05 $1.18 $1.30 $1.36 $1.40 $1.12 $0.72 $0.72 $0.72 $14.23 Price & Dividend 25
Price & Dividend 30 $0.75 $0.88 $0.95 $1.05 $1.18 $1.30 $1.36 $1.40 $1.12 $0.72 $0.72 $0.72 $14.23 Price & Dividend 30
Price H/L Median $20.15 $21.43 $22.77 $30.11 $33.90 $32.74 $27.26 $27.86 $23.50 $19.51 $18.32 $22.76 $19.75 $14.62 -13.24% <-Total Growth 10 Stock Price
Increase 21.02% 6.35% 6.23% 32.24% 12.59% -3.42% -16.73% 2.18% -15.65% -16.96% -6.13% 24.24% -13.21% -26.00% -1.41% <-IRR #YR-> 10 Stock Price -13.24%
P/E 17.83 16.36 18.36 20.07 18.32 16.53 14.74 14.74 9.87 8.52 8.29 11.26 12.50 6.09 -6.65% <-IRR #YR-> 5 Stock Price -29.10%
Trailing P/E 19.95 18.96 17.38 24.28 22.60 17.69 13.77 15.06 12.43 8.20 8.00 10.30 9.78 9.25 3.46% <-IRR #YR-> 10 Price & Dividend 31.88%
P/E on Run. 5 yr Ave 14.35 14.78 18.13 24.32 24.11 20.77 16.19 15.36 11.81 9.39 8.62 10.54 9.42 6.96 -3.37% <-IRR #YR-> 5 Price & Dividend -14.74%
P/E on Run. 10 yr Ave 22.82 21.26 19.51 23.41 24.40 21.97 17.40 18.15 14.56 11.20 9.90 11.85 10.10 7.15 16.92 P/E Ratio Historical Median
Median 10, 5 Yrs D.  per yr 4.87% 3.27% % Tot Ret 140.73% -97.05% T P/E 13.10 9.78 P/E:  13.62 9.87 Count 28 Years of data
-$22.77 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $19.75
-$27.86 $0.00 $0.00 $0.00 $0.00 $19.75
-$22.77 $1.05 $1.18 $1.30 $1.36 $1.40 $1.12 $0.72 $0.72 $0.72 $20.47
-$27.86 $1.12 $0.72 $0.72 $0.72 $20.47
High Months Dec May Dec Dec May May Jan Dec Jan Jul Feb Nov Jan Feb
Price High $22.50 $23.84 $24.93 $35.35 $36.79 $36.17 $30.94 $29.77 $30.08 $21.89 $25.46 $30.40 $27.15 $17.17 8.90% <-Total Growth 10 Stock Price
Increase 2.27% 5.96% 4.57% 41.80% 4.07% -1.69% -14.46% -3.78% 1.04% -27.23% 16.31% 19.40% -10.69% -36.76% 0.86% <-IRR #YR-> 10 Stock Price 8.90%
P/E 19.91 18.20 20.10 23.57 19.89 18.27 16.72 15.75 12.64 9.56 11.52 15.05 17.18 7.15 -1.83% <-IRR #YR-> 5 Stock Price -8.80%
Trailing P/E 22.28 21.10 19.03 28.51 24.53 19.55 15.63 16.09 15.92 9.20 11.12 13.76 13.44 10.87 19.89 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 15.77 13.44 P/E:  16.24 12.64 33.10 P/E Ratio Historical High
-$24.93 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $27.15
-$29.77 $0.00 $0.00 $0.00 $0.00 $27.15
Low Months Jun Aug Jan Jan Oct Sep Nov Aug Dec Jan Apr Jan Oct May
Price Low $17.80 $19.02 $20.60 $24.86 $31.00 $29.30 $23.58 $25.94 $16.91 $17.13 $11.17 $15.11 $12.35 $12.06 -40.05% <-Total Growth 10 Stock Price
Increase 57.52% 6.85% 8.31% 20.68% 24.70% -5.48% -19.52% 10.01% -34.81% 1.30% -34.79% 35.27% -18.27% -2.35% -4.99% <-IRR #YR-> 10 Stock Price -40.05%
P/E 15.75 14.52 16.61 16.57 16.76 14.80 12.75 13.72 7.11 7.48 5.05 7.48 7.82 5.03 -13.79% <-IRR #YR-> 5 Stock Price -52.39%
Trailing P/E 17.62 16.83 15.73 20.05 20.67 15.84 11.91 14.02 8.95 7.20 4.88 6.84 6.11 7.63 14.80 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 10.43 6.84 P/E:  10.28 7.48 7.48 P/E Ratio Historical Low
-$20.60 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $12.35
-$25.94 $0.00 $0.00 $0.00 $0.00 $12.35
$813 <-12 mths 45.21%
Free Cash Flow WSJ $596.50 $545.66 $529.98 $658.16 $461.44 Free Cash Flow WSJ
Change -8.52% -2.87% 24.19% -29.89% Change
Free Cash Flow MS $549.88 $487.65 $534.16 $616.03 $697.27 $643.33 $642.52 $561.18 $592.14 $541.23 $513 $645 $560 $646 $517 4.76% <-Total Growth 10 Free Cash Flow
Change -11.32% 9.54% 15.33% 13.19% -7.74% -0.13% -12.66% 5.52% -8.60% -5.22% 25.73% -13.24% 15.44% -19.97% -0.06% <-IRR #YR-> 5 Free Cash Flow MS -0.29%
FCF/CF from Op Ratio 0.95 0.95 0.99 0.99 0.99 0.99 0.98 0.92 0.97 0.97 0.95 0.97 1.17 0.92 1.05 0.47% <-IRR #YR-> 10 Free Cash Flow MS 4.76%
Dividends paid $220.03 $254.20 $268.77 $297.73 $335.51 $362.18 $368.66 $368.00 $295.41 $170.75 $155.31 $155.31 $155.31 $132.85 $132.85 -42.21% <-Total Growth 10 Dividends paid
Percentage paid 40.01% 52.13% 50.32% 48.33% 48.12% 56.30% 57.38% 65.58% 49.89% 31.55% 30.28% 24.08% 27.76% 20.57% 25.70% 48.22% <-Median-> 10 Percentage paid
5 Year Coverage 47.70% 50.98% 52.11% 54.81% 55.15% 52.51% 47.65% 40.13% 32.69% 26.49% 25.40% 50.98% <-Median-> 9 5 Year Coverage
Dividend Coverage Ratio 2.50 1.92 1.99 2.07 2.08 1.78 1.74 1.52 2.00 3.17 3.30 4.15 3.60 4.86 3.89 2.07 <-Median-> 10 Dividend Coverage Ratio
5 Year of Coverage 2.10 1.96 1.92 1.82 1.81 1.90 2.10 2.49 3.06 3.77 3.94 1.96 <-Median-> 9 5 Year of Coverage
-$561 $0 $0 $0 $0 $560
-$534 $0 $0 $0 $0 $0 $0 $0 $0 $0 $560
Market Cap $6,467 $5,983 $7,053 $10,053 $9,096 $8,446 $7,659 $8,094 $4,211 $4,815 $3,319 $5,220 $2,493 $2,740 $2,740 $2,740 -64.66% <-Total Growth 10 Market Cap
Diluted # of Shares in Million 284.030 284.891 284.649 279.422 271.230 264.592 259.582 235.249 215.619 202.466 189.758 185.137 -33.19% <-Total Growth 10 Diluted
Change 0.30% -0.08% -1.84% -2.93% -2.45% -1.89% -9.37% -8.34% -6.10% -6.28% -2.44% -2.69% <-Median-> 10 Change
Difference Diluted/Basic -0.2% -0.4% -0.4% -0.2% 0.0% -0.1% -0.1% -0.4% -0.7% -0.4% -0.4% -0.3%
Basic # of Shares in Millions 289.070 287.000 283.390 283.640 283.640 278.832 271.133 264.435 259.253 234.273 214.092 201.628 189.089 184.518 -33.28% <-Total Growth 10 Basic
Change -0.83% -0.72% -1.26% 0.09% 0.00% -1.70% -2.76% -2.47% -1.96% -9.64% -8.61% -5.82% -6.22% -2.42% -2.62% <-Median-> 10 Change
Difference Basic/Outstanding -0.6% -1.2% -0.2% 0.3% -0.7% -1.0% -2.2% 2.8% -6.0% -5.3% -1.7% -2.1% -2.4% 0.0% -1.92% <-Median-> 10 Difference
Share buybacks Number of Shares 4.84 4.73 1.37 0.36 3.18 7.40 10.81 14.91 28.52 22.64 13.99 17.45 14.12 144.31 No of Years 13 Share buybacks # of Shares
Share buybacks cost $33.4 $32.7 $9.5 $12.5 $22.2 $51.7 $76.8 $108.2 $243.2 $193.6 $120.2 $147.6 $121.3 $1,173.05 No of Years 13 Share buybacks cost
Share buybacks Decrease in Shares 286.98 282.70 282.19 282.56 281.22 274.31 265.22 250.39 243.36 221.08 207.80 192.91 183.31 Share buybacks Decin Shares
Percentage -1.66% -1.65% -0.48% -0.13% -1.12% -2.63% -3.91% -5.62% -10.49% -9.29% -6.31% -8.29% -7.15% -5.96% <-Median-> 10 Percentage
Cash flow used 5.78% 6.40% 1.76% 2.01% 3.16% 7.99% 11.74% 17.68% 39.98% 34.69% 22.19% 22.16% 25.34% 19.92% <-Median-> 10 Cash flow used
$467.50 <-12 mths -2.38%
pre-split '98
pre-split Jan 00
pre-split 00
# of Share in Millions 287.43 283.57 282.92 284.40 281.71 276.03 265.30 271.88 243.72 221.79 210.36 197.42 184.52 184.52 184.52 184.52 -4.18% <-IRR #YR-> 10 Shares -34.78%
Change -1.50% -1.35% -0.23% 0.52% -0.95% -2.02% -3.89% 2.48% -10.36% -9.00% -5.16% -6.15% -6.54% 0.00% 0.00% 0.00% -7.46% <-IRR #YR-> 5 Shares -32.13%
Cash Flow from Operations $M $576.7 $511.1 $541.4 $621.4 $702.6 $647.4 $654.7 $612.4 $608.2 $558.0 $542.0 $666.0 $478.9 $704.9 $490.8 $83.0 -11.55% <-Total Growth 10 Cash Flow
Increase 4.23% -11.38% 5.95% 14.78% 13.06% -7.85% 1.12% -6.46% -0.68% -8.25% -2.87% 22.88% -28.09% 47.18% -30.37% -83.08% SO, Buy Backs S. Issue
5 year Running Average $560.2 $578.4 $553.1 $560.8 $590.6 $604.8 $633.5 $647.7 $645.1 $616.2 $595.1 $597.3 $570.6 $589.9 $576.5 $484.7 3.16% <-Total Growth 10 CF 5 Yr Running
CFPS $2.01 $1.80 $1.91 $2.19 $2.49 $2.35 $2.47 $2.25 $2.50 $2.52 $2.58 $3.37 $2.60 $3.82 $2.66 $0.45 35.62% <-Total Growth 10 Cash Flow per Share
Increase 5.82% -10.17% 6.19% 14.18% 14.14% -5.95% 5.21% -8.73% 10.79% 0.82% 2.40% 30.93% -23.06% 47.18% -30.37% -83.08% -1.22% <-IRR #YR-> 10 Cash Flow -11.55%
5 year Running Average $1.95 $2.01 $1.92 $1.96 $2.08 $2.15 $2.28 $2.35 $2.41 $2.42 $2.46 $2.64 $2.71 $2.98 $3.01 $2.58 -4.80% <-IRR #YR-> 5 Cash Flow -21.80%
P/CF on Med Price 10.04 11.89 11.90 13.78 13.59 13.96 11.05 12.37 9.41 7.75 7.11 6.75 7.61 3.83 0.00 0.00 3.09% <-IRR #YR-> 10 Cash Flow per Share 35.62%
P/CF on Closing Price 11.21 11.71 13.03 16.18 12.95 13.05 11.70 13.22 6.92 8.63 6.12 7.84 5.21 3.89 5.58 33.00 2.88% <-IRR #YR-> 5 Cash Flow per Share 15.23%
-62.00% Diff M/C 3.50% <-IRR #YR-> 10 CFPS 5 yr Running 41.03%
$502.49 <-12 mths -10.99%
Excl.Working Capital CF -$73.5 -$177.2 $6.7 -$28.4 -$25.2 $40.2 -$35.1 -$6.4 $47.3 $23.2 -$18.6 -$15.7 $85.6 $0.0 $0.0 $0.0 2.91% <-IRR #YR-> 5 CFPS 5 yr Running 15.43%
CF fr Op $M WC $503.2 $333.9 $548.1 $593.1 $677.4 $687.7 $619.6 $606.0 $655.5 $581.2 $523.4 $650.2 $564.5 $704.9 $490.8 $83.0 2.99% <-Total Growth 10 Cash Flow less WC
Increase 0.71% -33.64% 64.16% 8.20% 14.22% 1.52% -9.89% -2.20% 8.17% -11.34% -9.95% 24.24% -13.18% 24.85% -30.37% -83.08% 0.30% <-IRR #YR-> 10 Cash Flow less WC 2.99%
5 year Running Average $539.5 $518.1 $495.0 $495.6 $531.1 $568.0 $625.2 $636.8 $649.3 $630.0 $597.2 $603.3 $595.0 $604.8 $586.8 $498.7 -1.41% <-IRR #YR-> 5 Cash Flow less WC -6.84%
CFPS Excl. WC $1.75 $1.18 $1.94 $2.09 $2.40 $2.49 $2.34 $2.23 $2.69 $2.62 $2.49 $3.29 $3.06 $3.82 $2.66 $0.45 1.86% <-IRR #YR-> 10 CF less WC 5 Yr Run 20.19%
Increase 2.25% -32.74% 64.54% 7.63% 15.31% 3.61% -6.25% -4.57% 20.67% -2.57% -5.06% 32.38% -7.10% 24.85% -30.37% -83.08% -1.35% <-IRR #YR-> 5 CF less WC 5 Yr Run -6.56%
5 year Running Average $1.88 $1.80 $1.72 $1.73 $1.87 $2.02 $2.25 $2.31 $2.43 $2.47 $2.47 $2.66 $2.83 $3.06 $3.06 $2.66 4.68% <-IRR #YR-> 10 CFPS - Less WC 57.92%
P/CF on Med Price 11.51 18.20 11.75 14.44 14.10 13.14 11.67 12.50 8.74 7.44 7.36 6.91 6.46 3.83 0.00 0.00 6.54% <-IRR #YR-> 5 CFPS - Less WC 37.26%
P/CF on Closing Price 12.85 17.92 12.87 16.95 13.43 12.28 12.36 13.36 6.42 8.28 6.34 8.03 4.42 3.89 5.58 33.00 5.11% <-IRR #YR-> 10 CFPS 5 yr Running 64.63%
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 10.23 5 yr  7.61 P/CF Med 10 yr 10.20 5 yr  7.36 -61.90% Diff M/C 4.15% <-IRR #YR-> 5 CFPS 5 yr Running 22.57%
-282.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 184.5 Shares
-271.9 0.0 0.0 0.0 0.0 184.5 Shares
-$541.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $478.9 Cash Flow
-$612.4 $0.0 $0.0 $0.0 $0.0 $478.9 Cash Flow
-$1.91 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.60 Cash Flow per Share
-$2.25 $0.00 $0.00 $0.00 $0.00 $2.60 Cash Flow per Share
-$1.92 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.71 CFPS 5 yr Running
-$2.35 $0.00 $0.00 $0.00 $0.00 $2.71 CFPS 5 yr Running
-$548.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $564.5 Cash Flow less WC
-$606.0 $0.0 $0.0 $0.0 $0.0 $564.5 Cash Flow less WC
-$495.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $595.0 CF less WC 5 Yr Run
-$636.8 $0.0 $0.0 $0.0 $0.0 $595.0 CF less WC 5 Yr Run
-$1.94 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.06 CFPS - Less WC
-$2.23 $0.00 $0.00 $0.00 $0.00 $3.06 CFPS - Less WC
-$1.72 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.83 CFPS 5 yr Running
-$2.31 $0.00 $0.00 $0.00 $0.00 $2.83 CFPS 5 yr Running
Net change in operating assets and liabilities $28.37 $25.19 -$40.25 $35.07 $6.38 -$47.34 -$23.21 $18.60 $15.74 -$85.63
                   
Sum $28.37 $25.19 -$40.25 $35.07 $6.38 -$47.34 -$23.21 $18.60 $15.74 -$85.63
Google -->TD 2017 $28.37 $25.19 -$40.25 $35.07 $6 -$47 -$23 $19 $16 -$86
Difference $0.00 $0.00 $0.00 $0.00 $0 $0 $0 $0 $0 $0
OPM 41.84% 34.15% 37.14% 38.44% 37.45% 32.41% 33.60% 29.01% 27.20% 26.33% 26.43% 24.42% 20.52% 26.81% -44.76% <-Total Growth 10 OPM
Increase -7.86% -18.36% 8.75% 3.49% -2.57% -13.46% 3.68% -13.68% -6.24% -3.18% 0.38% -7.61% -15.99% 30.68% Should increase  or be stable.
Diff from Ave 48.9% 21.5% 32.2% 36.8% 33.3% 15.3% 19.6% 3.2% -3.2% -6.3% -5.9% -13.1% -27.0% -4.6% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 28.10% 5 Yrs 26.33% should be zero,  it is a check  on calculations
Long Term Debt $305.39 $557.35 $758.66 $896.12 $1,593.73 $1,154.99 $2,252.31 $3,331.55 $3,896.21 $3,892.17 Debt Type
Change 82.50% 36.12% 18.12% 77.85% -27.53% 95.01% 47.92% 16.95% -0.10% 42.02% <-Median-> 8 Change Lg Term R
Debt/Market Cap Ratio 0.03 0.07 0.10 0.11 0.38 0.24 0.68 0.64 1.56 1.42 0.24 <-Median-> 9 Debt/Market Cap Ratio Intang/GW
Assets/Current Liabilities Ratio 7.49 7.77 6.74 4.45 5.27 3.74 3.44 3.21 2.95 2.91 4.45 <-Median-> 9 Assets/Current Liab Ratio Liquidity
Debt to Cash Flow (Years) 0.43 0.86 1.16 1.46 2.62 2.07 4.16 5.00 8.14 5.52 2.07 <-Median-> 9 Debt to Cash Flow (Years) Liq. + CF
Liq CF DB
Intangibles $1,039 $1,037 $1,041 $1,054 $1,052 $1,133 $1,218 $1,855 $1,849 $1,857 $2,237 $2,929 $3,455 231.73% <-Total Growth 10 Intangibles Debt Ratio
Goodwill $1,120 $1,120 $1,120 $1,137 $1,137 $1,163 $1,190 $1,521 $1,521 $1,531 $2,054 $3,256 $4,068 263.23% <-Total Growth 10 Goodwill Leverage
Total $2,159 $2,156 $2,161 $2,191 $2,189 $2,296 $2,408 $3,376 $3,370 $3,388 $4,291 $6,185 $7,523 $7,193 248.05% <-Total Growth 10 Total D/E Ratio
Change 4.69% -0.11% 0.23% 1.38% -0.10% 4.88% 4.88% 40.19% -0.16% 0.54% 26.63% 44.14% 21.63% -4.39% 4.88% <-Median-> 10 Change
Intangible/Market Cap Ratio 0.33 0.36 0.31 0.22 0.24 0.27 0.31 0.42 0.80 0.70 1.29 1.18 3.02 2.63 0.56 <-Median-> 10 Intangible/Market Cap Ratio
Current Assets $454.76 $359.80 $288.60 $405.47 $364.51 $416.65 $536.55 $889.58 $836.49 $817.73 $1,838.65 $1,839.02 $1,833.43 $1,864.49 535.28% <-Total Growth 10 Current Assets
Current Liabilities $503.75 $555.98 $322.45 $555.27 $402.78 $424.38 $512.99 $1,023.58 $814.16 $1,168.96 $1,849.91 $2,698.40 $3,288.06 $3,320.04 919.70% <-Total Growth 10 Current Liabilities
Liquidity Ratio 0.90 0.65 0.90 0.73 0.90 0.98 1.05 0.87 1.03 0.70 0.99 0.68 0.56 0.56 0.89 <-Median-> 10 Ratio
Liq. with CF aft div 1.62 1.12 1.74 1.31 1.82 1.67 1.62 1.10 1.44 1.04 1.21 0.88 0.66 0.73 1.04 <-Median-> 5 Ratio
Liq. CF re  Inv+Div  1.00 0.86 1.18 1.06 1.37 1.00 1.29 0.93 1.39 1.00 0.91 0.58 0.57 0.73 0.91 <-Median-> 5 Ratio
Curr Long Term Debt $102.75 $257.76 $24.00 $199.77 $2.00 $2.00 $0.00 $222.00 $0.00 $449.51 $203.81 $444.49 $320.00 $298.00
Liquidity Less CLTD 1.13 1.21 0.97 1.14 0.91 0.99 1.05 1.11 1.03 1.14 1.12 0.82 0.62 0.62 1.03 <-Median-> 5 Ratio
Liq. with CF aft div 2.03 2.08 1.88 2.05 1.83 1.67 1.62 1.40 1.44 1.69 1.35 1.05 0.73 0.81 1.35 <-Median-> 5 Ratio
Assets $3,265.3 $3,085.0 $2,971.6 $3,094.0 $3,016.0 $3,297.4 $3,458.7 $4,550.7 $4,292.2 $4,367.8 $6,359.8 $8,659.6 $9,708.4 $9,645.8 226.70% <-Total Growth 10 Assets
Liabilities $1,651.6 $1,464.8 $1,295.6 $1,270.3 $1,109.5 $1,400.4 $1,710.7 $2,491.5 $2,859.3 $2,868.5 $4,742.1 $7,043.9 $8,084.7 $8,026.3 524.00% <-Total Growth 10 Liabilities
Debt Ratio 1.98 2.11 2.29 2.44 2.72 2.35 2.02 1.83 1.50 1.52 1.34 1.23 1.20 1.20 1.67 <-Median-> 10 Ratio
Book Value $1,613.6 $1,620.2 $1,676.0 $1,823.6 $1,906.4 $1,897.0 $1,748.0 $2,059.2 $1,432.9 $1,499.4 $1,617.7 $1,615.6 $1,623.7 $1,619.5 -3.12% <-Total Growth 10 Book Value
Non-Controlling Interest $0.0 $0.0 $0.0 $4.3 $3.7 $2.9 $2.6 $2.5 $2.8 $5.4 $35.3 $27.1 $13.9 $13.5
Net Book Value $1,613.6 $1,620.2 $1,676.0 $1,819.3 $1,902.7 $1,894.1 $1,745.4 $2,056.7 $1,430.1 $1,494.0 $1,582.4 $1,588.5 $1,609.8 $1,606.0 $1,606.0 $1,606.0 -3.95% <-Total Growth 10 Book Value
Book Value per share $5.61 $5.71 $5.92 $6.40 $6.75 $6.86 $6.58 $7.56 $5.87 $6.74 $7.52 $8.05 $8.72 $8.70 $8.70 $8.70 47.27% <-Total Growth 10 Book Value per Share
Change 1.70% 1.77% 3.68% 7.99% 5.58% 1.60% -4.13% 14.98% -22.43% 14.80% 11.68% 6.96% 8.42% -0.24% 0.00% 0.00% -55.60% P/B Ratio Current/Historical Median
P/B Ratio (Median) 3.59 3.75 3.84 4.71 5.02 4.77 4.14 3.68 4.00 2.90 2.43 2.83 2.26 1.68 0.00 0.00 3.84 P/B Ratio Historical Median
P/B Ratio (Close) 4.01 3.69 4.21 5.53 4.78 4.46 4.39 3.94 2.94 3.22 2.10 3.29 1.55 1.71 1.71 1.71 3.95% <-IRR #YR-> 10 Book Value per Share 47.27%
Change 0.57% -7.86% 13.96% 31.31% -13.48% -6.72% -1.59% -10.32% -25.17% 9.44% -34.92% 56.65% -52.87% 10.18% 0.00% 0.00% 4.82% <-IRR #YR-> 5 Book Value per Share 15.33%
Leverage (A/BK) 2.02 1.90 1.77 1.70 1.58 1.74 1.98 2.21 3.00 2.91 3.93 5.36 5.98 5.96 2.56 <-Median-> 5 A/BV
Debt/Equity Ratio 1.02 0.90 0.77 0.70 0.58 0.74 0.98 1.21 2.00 1.91 2.93 4.36 4.98 4.96 1.56 <-Median-> 5 Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 3.84 5 yr Med 2.83 -55.60% Diff M/C 1.83 Historical 27 A/BV
-$5.92 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $8.72
-$6.58 $0.00 $0.00 $0.00 $0.00 $0.00 $8.72
$251.49 <-12 mths -29.40%
Comprehensive Income $331.23 $374.92 $354.16 $433.10 $526.98 $551.00 $505.23 $504.93 $618.66 $537.50 $451.20 $409.70 $361.05
NCI $0.00 $0.00 $0.00 $0.19 $0.31 -$0.88 -$0.23 -$0.16 $0.37 -$0.87 -$3.78 $2.91 $4.85
Shareholders $331.23 $374.92 $354.16 $432.91 $526.67 $551.87 $505.46 $505.08 $618.28 $538.37 $454.98 $406.79 $356.19 0.57% <-Total Growth 10 Comprehensive Income
Increase 35.08% 13.19% -5.54% 22.23% 21.66% 4.79% -8.41% -0.08% 22.41% -12.92% -15.49% -10.59% -12.44% -12.44% <-Median-> 5 Comprehensive Income
5 Yr Running Average $391.10 $404.27 $349.88 $347.69 $403.98 $448.11 $474.22 $504.40 $541.47 $543.81 $524.44 $504.70 $474.92 0.06% <-IRR #YR-> 10 Comprehensive Income 0.57%
ROE 20.5% 23.1% 21.1% 23.8% 27.7% 29.1% 29.0% 24.6% 43.2% 36.0% 28.8% 25.6% 22.1% -6.75% <-IRR #YR-> 5 Comprehensive Income -29.48%
5Yr Median 20.5% 23.1% 21.1% 21.1% 23.1% 23.8% 27.7% 27.7% 29.0% 29.1% 29.0% 28.8% 28.8% 3.10% <-IRR #YR-> 10 5 Yr Running Average 35.74%
% Difference from NI 0.1% -0.5% 0.6% 1.5% 0.3% -0.3% 0.5% 1.0% 0.1% 0.0% -4.4% -0.6% 18.8% -1.20% <-IRR #YR-> 5 5 Yr Running Average -5.84%
Median Values Diff 5, 10 yr 0.2% 0.0% 28.8% <-Median-> 5 Return on Equity
-$354.2 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $356.2
-$505.1 $0.0 $0.0 $0.0 $0.0 $356.2
-$349.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $474.9
-$504.4 $0.0 $0.0 $0.0 $0.0 $474.9
Current Liability Coverage Ratio 1.14 0.92 1.68 1.12 1.74 1.53 1.28 0.60 0.75 0.48 0.29 0.25 0.15 0.21   CFO / Current Liabilities
5 year Median 1.14 0.92 1.14 1.14 1.14 1.53 1.53 1.28 1.28 0.75 0.60 0.48 0.29 0.25 0.29 <-Median-> 5 Current Liability Cov Ratio
Asset Efficiency Ratio 17.66% 16.57% 18.22% 20.09% 23.30% 19.64% 18.93% 13.46% 14.17% 12.78% 8.52% 7.69% 4.93% 7.31% CFO / Total Assets
5 year Median 17.66% 17.66% 17.66% 18.22% 18.22% 19.64% 19.64% 19.64% 18.93% 14.17% 13.46% 12.78% 8.52% 7.69% 8.5% <-Median-> 5 Return on Assets 
Return on Assets ROA 10.1% 12.2% 11.9% 13.8% 17.4% 16.8% 14.5% 11.0% 14.4% 12.3% 7.5% 4.7% 3.1% 4.6% Net  Income/Assets Return on Assets
5Yr Median 10.9% 12.2% 11.9% 11.9% 12.2% 13.8% 14.5% 14.5% 14.5% 14.4% 12.3% 11.0% 7.5% 4.7% 13.1% <-Median-> 10 Asset Efficiency Ratio
Return on Equity ROE 20.5% 23.3% 21.0% 23.4% 27.6% 29.2% 28.8% 24.3% 43.2% 36.0% 30.1% 25.8% 18.6% 27.5% Net Inc/ Shareholders' equity Return on Equity
5Yr Median 20.5% 23.3% 21.0% 21.0% 23.3% 23.4% 27.6% 27.6% 28.8% 29.2% 30.1% 30.1% 30.1% 27.5% 28.2% <-Median-> 10 Return on Equity
$191.58 <-12 mths -36.09%
Net Income $330.8 $376.9 $352.16 $426.59 $525.36 $552.62 $502.77 $499.77 $617.85 $537.52 $475.55 $412.37 $301.83
NCI $0.00 $0.00 $0.00 $0.19 $0.31 -$0.88 -$0.23 -$0.16 $0.37 -$0.87 -$0.43 $3.05 $2.07
Shareholders $330.82 $376.90 $352.16 $426.40 $525.04 $553.49 $503.00 $499.93 $617.48 $538.40 $475.98 $409.33 $299.76 $442 $542 $509 -14.88% <-Total Growth 10 Net Income
Increase 35.11% 13.93% -6.56% 21.08% 23.14% 5.42% -9.12% -0.61% 23.51% -12.81% -11.59% -14.00% -26.77% 47.45% 22.62% -6.09% EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $391.0 $404.6 $350.0 $346.2 $402.3 $446.8 $472.0 $501.6 $539.8 $542.5 $527.0 $508.2 $468.2 $433.1 $433.8 $440.4 -1.60% <-IRR #YR-> 10 Net Income -14.88%
Operating Cash Flow $576.7 $511.1 $541.4 $621.4 $702.6 $647.4 $654.7 $612.4 $608.2 $558.0 $542.0 $666.0 $478.9 -9.72% <-IRR #YR-> 5 Net Income -40.04%
Investment Cash Flow -$313.9 -$168.5 -$153.3 -$133.1 -$134.2 -$285.7 -$132.8 -$183.1 -$28.4 -$46.3 -$598.1 -$1,401.9 -$508.5 2.95% <-IRR #YR-> 10 5 Yr Running Ave. 33.76%
Total Accruals $68.04 $34.40 -$35.94 -$61.89 -$43.31 $191.79 -$18.95 $70.62 $37.66 $26.70 $532.12 $1,145.24 $329.37 -1.37% <-IRR #YR-> 5 5 Yr Running Ave. -6.66%
Total Assets $3,265.3 $3,085.0 $2,971.6 $3,094.0 $3,016.0 $3,297.4 $3,458.7 $4,550.7 $4,292.2 $4,367.8 $6,359.8 $8,659.6 $9,708.4 Balance Sheet Assets
Accruals Ratio 2.08% 1.11% -1.21% -2.00% -1.44% 5.82% -0.55% 1.55% 0.88% 0.61% 8.37% 13.23% 3.39% 3.39% <-Median-> 5 Ratio
EPS/CF Ratio 0.65 1.11 0.64 0.72 0.77 0.79 0.79 0.85 0.88 0.87 0.89 0.61 0.52 0.79 <-Median-> 10 EPS/CF Ratio
-$352 $0 $0 $0 $0 $0 $0 $0 $0 $0 $300
-$500 $0 $0 $0 $0 $300
-$350 $0 $0 $0 $0 $0 $0 $0 $0 $0 $468
-$502 $0 $0 $0 $0 $468
Change in Close 2.27% -6.22% 18.15% 41.80% -8.66% -5.23% -5.65% 3.12% -41.95% 25.64% -27.31% 67.55% -48.90% 9.92% 0.00% 0.00% Count 28 Years of data
up/down up down down down Count 13 46.43%
Meet Prediction? yes yes yes % right Count 6 46.15%
Financial Cash Flow -$123.36 -$436.49 -$486.52 -$393.61 -$635.92 -$356.35 -$460.65 -$422.62 -$567.24 -$530.50 $421.38 $483.10 -$47.54 C F Statement  Financial CF
Total Accruals $191.40 $470.89 $450.58 $331.72 $592.61 $548.14 $441.70 $493.24 $604.90 $557.20 $110.74 $662.15 $376.92 Accruals
Accruals Ratio 5.86% 15.26% 15.16% 10.72% 19.65% 16.62% 12.77% 10.84% 14.09% 12.76% 1.74% 7.65% 3.88% 7.65% <-Median-> 5 Ratio
Cash $216.54 $122.55 $24.14 $118.81 $51.25 $56.60 $117.90 $124.58 $137.16 $118.36 $483.60 $230.78 $153.62 $136.97 Cash
Cash per Share $0.75 $0.43 $0.09 $0.42 $0.18 $0.21 $0.44 $0.46 $0.56 $0.53 $2.30 $1.17 $0.83 $0.74 $0.83 <-Median-> 5 Cash per Share
Percentage of Stock Price 3.35% 2.05% 0.34% 1.18% 0.56% 0.67% 1.54% 1.54% 3.26% 2.46% 14.57% 4.42% 6.16% 5.00% 4.42% <-Median-> 5 % of Stock Price
Notes:
June 16, 2023.  Last estimates were for 2022 and 2023 of $3011M, $3158M for Revenue, $3.36, $3.63 and $3.78 2022/4 for AEPS, $2.85 and $3.24 for EPS, 
$0.73 and $0.74 for dividends, $697M and $726M for FCF, $2.23, $2.12 for CFPS, and $553M, $599M for Net Income.
June 18, 2022.  Last estimates were for 2021, 2022 and 2023 of $2697M, 2759M and $2252M for Revenue, $2.73, $3.00 and $2.54 for EPS, 
$0.72, $0.73 amd $0.72 for Dividends, $614M, $527M and $380M for FCF, $0.76, $2.23 and $2.12 for CFPS and $564M, $608M and $482M for Net Income.
June 19, 2021.  Last estimates were for 2020 and 2021 of $136300M for AUM for 2020, $1913M and $1843M for Revenue, $2.12 and $2.09 for EPS, 
$0.72 and $0.72 for Dividends, $491M and $419M for FCF, $2.81 for CFPS for 2020 and $554M and $562M for Net Income.
17 November 2020, this company was listed on the NYSE as CIXX. It used to be OTC-CIFAF.
June 19, 2020.  Last estimates were for 2019, 2020 and 2021 of $132700M for AUM for 2019 and 2020, $2133M, $2142M and $2242M for Revenue, 
$2.37, $2.52 and $2.57 for EPS, $0.72, $0.73 and $0.84 for div, $2.53 and $2.81 for CFPS for 2019 and 2020, $557M, $554M and $562M for Net Income.
June 22, 2019.  Last estimates were for 2018 and 2019 of $144800M and $153600M for AUM, $2286M, $2327M and 2578M for evenue for 2018, 2019 and 2020,
 $2.40 and $2.56 for EPS, $2.53 and $2.66 for CFPS and $635M and $652M for Net Income.
June 17, 2018.  Last estimates were for 2017, 2018 and 2019 of $128500M and $138500M for AUM, $2060M, $2159M and $1435M for Revenue, $2.14, $2.25 and $2.75 for EPS, 
$2.45 and $2.48 for CFPS for 2017 and 2018 and $556M, $380M and $702M for Net Income.
June 15, 2017.  Last estimates were for 2016 and 2017 of 110B and 118B for Assets Under Mge, $1932M, $2058M and $2242M for Revenuie for 2016, 2017 and 2018, 
$2.00 and $2.21 and $2.43 for EPS for 2016, 2017 and 2018, $2.11 and 2.10 for CFPS and $535M and $591M for Net Income.
June 12, 2016.  Last estimates were for 2015, 2016 and 2017 of $111,058M, 121,237M for AUM for 2015 and 2016, $2077M, $2240M and $2491M for Revenue, 
$2.16, $2.39 and $2.64 for EPS, $2.13 and $1.59 for CFPS for 2015 and 2016 and $608M, $670M and $718M for Net Income.
June 21, 2015.  Last estimates were for 2014, 2015 and 2016 of AUM at 99600M, $111000M for 2014 and 2015, Revenues at $1904.6M, $21124.8M and $2332M for Revenue, 
$1.89m $2.20 and $2.48 for EPS, $$2.01 and $2.19 for CFPS for 2014 and 2015 and $537M, $623M and $688M for Net Income.
June 21, 2014.  Last estimates were for 2013, 2014 and 2015 of $1607M, 1761M and $1949M for Revenue, $1.53 and $1.74 ('13, '14) for EPS and $1.85 and 2.14 ('13, '14) for CFPS.
Jun 19, 2013.  Last estimates were for 2011 and 2012 of $1460.6M and $1542.7M for Revenue, $1.30 and $1.37 (and $1.51) for Earnings and $1.41 and $1.69 for CFPS.
Jan 1, 2012.  Last estimates I got for 2010 and 2011 were $1.12 and $1.30 for EPS and $1.19 and $1.67 for CF. Name change from CI Funds Management to CI Financial.
Sep 5, 2010.  Last I looked I got estimates for 2009 and 2010 of $.85 and $1.11 for earnings and $1.52 and $1.62 for CF. On Jan 1, 2009, company changed from an Income Trust to a corporation.
Oct 27, 2009.  when I last looked at this stock in May 2009, I got 2009 earnings of $.90 and cash flow of $1.21.
May 2009.  Note that company because a unit trust in 2006 and then switched back to a corporation in January 1. 2009.
AP 2007.  Note that there is a change in the annual report date from a May date to a December date.  Because there is not 12 month period to December 2006 to cover, I used the 12 mth period to May 2006 and then the 
12 month period to Dec 2007.  There is no good way to handle the change of annual report date.
AP 2003, 2004. Stock has done very well in 2003 and 2004.  You have to wonder if it will continue to increase as much.  The hugh increase from 2001 may be over.
2006.  When they became a Unit Trust in 2006, dividends were significantly increased, but these dividends proved to be unsustainable, so dividends where decreased.  
They changed back to a corporation in 2009 and since that time, they have been increasing their dividends.
June 1994.  This company has been publicly traded on the Toronto Stock Exchange since June 1994.
1956.   It was founded in 1965 as Universal Savings Fund Management Ltd
See old_research_portfolio file for CIX's unit price and distributions.
Sector:
Financial Services, Financial
What should this stock accomplish?
Would I buy this company and Why.
If I was looking for a mutual fund company, I would consider this stock.  It is a dividend growut stock.
Why am I following this stock. 
I started to follow this stock originally because it was a Mutual Fund company.  People talked about it being easier to make money from buying a Mutual Fund company than buying Mutual Funds.
When they became a Unit Trust in 2006, dividends were significantly increased, but these dividends proved to be unsustainable.  They changed back to a corporation in 2009 and dividends were decreased in 2010.
Since that time, they have been increasing their dividends since 2011.  In June 2014, MPL communications called this stock a Buy and advised that they were adding it to their list of Key Stock for the Investment reporter.
Dividends
Dividends are paid quarter in Cycle 1 of January, April,  July and October.
Dividends are paid monthly.  The dividends are declared in one month for payment in the following month.
For example, the dividend declared for shareholders of record of November 30, 2013 was payable on December 13, 2013.
How they make their money.
CI Financial is a diversified provider of wealth management products and services, primarily in the Canadian market. 
This is a widely held company.  It was 37% owned by Sun Life, but they sold their interest in this company in October 2008.
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.  
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
Shares; '%, Value $M %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Change
Date 2015 Jun 12  2016 Jun 11 2017 Jun 17 2018 Jun 22 2019 Jun 20 2020 Jun 19 2021 Jun 18 2022 Jun 16 2023
MacAlphine, Kurt 0.007 0.00% 0.075 0.04% 0.209 0.11% 0.349 0.19% 66.73%
Officer - Shares - Amount $0.117 $1.990 $2.825 $5.177
Options - percentage 0.243 0.12% 0.403 0.20% 0.519 0.28% 0.710 0.38% 36.81%
Options - amount $3.839 $10.645 $7.010 $10.542
Anderson, Peter W. 0.433 0.16% 0.443 0.16% 0.458 0.19% 0.000 0.00% Ceased insider 2014
Officer - Shares - Amount $12.489 $13.176 $7.907 $0.000 but report from company
Options - percentage 0.239 0.09% 0.291 0.11% 0.339 0.14% 0.000 0.00% says it will be in 2020
Options - amount $6.909 $8.676 $5.859 $0.000
MacPhail, Stephen A. 0.34% 0.929 0.35% Web site shows 
CEO - Shares - Amount $28.424 $26.817 Anderson as CEO
Options - percentage 0.29% 0.380 0.14% INK Shows MacPhail
Options - amount $24.480 $10.971 in 2018
Muni, Amit 0.000 0.00% 0.010 0.01% 0.036 0.02% 244.58%
CFO - Shares - Amount $0.000 $0.142 $0.537
Options - percentage 0.054 0.03% 0.072 0.04% 0.107 0.06% 48.01%
Options - amount $1.437 $0.973 $1.583
Jamieson, Douglas J.R. 0.02% 0.066 0.02% 0.066 0.02% 0.062 0.03% 0.065 0.03% 0.075 0.04% ceased insider Feb 2021
CFO - Shares - Amount $2.020 $1.911 $1.971 $1.075 $1.421 $1.179
Options - percentage 0.03% 0.131 0.05% 0.203 0.07% 0.232 0.10% 0.241 0.11% 0.194 0.09%
Options - amount $2.474 $3.777 $6.047 $4.016 $5.237 $3.063
Kelterborn, Edward Douglas 0.005 0.00% 0.013 0.01% 0.022 0.01% 72.68%
Officer - Shares - Amount $0.143 $0.174 $0.331
Options - percentage 0.054 0.03% 0.062 0.03% 0.074 0.04% 20.71%
Options - amount $1.415 $0.831 $1.103
Blair, Lorraine 0.018 0.01% 0.020 0.01% 0.020 0.01% Ceased Insider Jun 2022
Officer - Shares - Amount $0.393 $0.318 $0.533
Options - percentage 0.069 0.03% 0.051 0.02% 0.036 0.02%
Options - amount $1.501 $0.801 $0.955
Lewis, Marc-Andre 0.005 0.00%
Officer - Shares - Amount $0.075
Options - percentage 0.142 0.08%
Options - amount $2.110
Murray, Sheila A. 0.03% 0.072 0.03% 0.072 0.03% 0.072 0.03% 0.072 0.03% 0.086 0.04% 0.086 0.04% 0.086 0.05% Was officer, now Director -100.00%
Director - Shares - Amount $2.188 $2.065 $2.129 $1.236 $1.553 $1.352 $2.265 $1.158 2019
Options - percentage 0.05% -0.190 -0.07% 0.213 0.08% 0.149 0.06% 0.226 0.10% 0.050 0.02% 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $4.284 -$5.485 $6.344 $2.572 $4.913 $0.789 $0.000 $0.000
Chang-Addorisio, Brigette Elizabeth 10.277 4.63% 10.257 4.88% 10.257 5.20% 10.258 5.56% 10.448 5.66% 1.85%
Director - Shares - Amount $223.124 $161.863 $271.208 $138.591 $155.153
Options - percentage 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $0.000 $0.000 $0.000 $0.000 $0.000
Butt, William 0.252 0.14%
Director - Shares - Amount $3.735
Options - percentage 0.043 0.02%
Options - amount $0.635
Holland, William T. 3.41% 8.400 3.17% 7.900 2.91% 7.905 3.24% 8.271 3.73% 8.107 3.85% 8.707 4.41% 9.282 5.03% 10.162 5.51% 9.48%
Chairman - Shares - Amt $287.641 $242.51 $235.18 $136.593 $179.570 $127.928 $230.212 $125.399 $150.907
Options - percentage 0.00% 0.000 0.00% 0.014 0.01% 0.018 0.01% 0.013 0.01% 0.000 0.00% 0.010 0.00% 0.010 0.01% 0.010 0.01% 4.52%
Options - amount $0.000 $0.000 $0.407 $0.307 $0.291 $0.000 $0.253 $0.134 $0.154
CI Income Fund 236.868 89.28%
Amount of Trust Units $6,838.39
Increase in O/S Shares 0.18% 0.417 0.15% 0.080 0.03% 0.216 0.08% 0.341 0.14% 0.711 0.32% 0.522 0.25% 0.799 0.40% 1.138 0.62%
due to SO  $15.919 $12.760 $2.310 $6.430 $5.892 $15.436 $8.237 $21.126 $15.374
Book Value $3.279 $3.062 $1.280 $4.254 $7.519 $12.751 $8.488 $10.825 $16.117
Insider Buying -$0.131 -$1.153 -$0.259 -$0.489 -$6.278 -$6.935 -$15.408 -$14.044 -$12.625
Insider Selling $12.965 $57.411 $34.997 $0.453 $0.436 $11.812 $0.633 $1.802 $1.831
Net Insider Selling $12.835 $56.258 $34.738 -$0.036 -$5.842 $4.877 -$14.776 -$12.242 -$10.794
% of Market Cap 0.15% 0.73% 0.43% 0.00% -0.12% 0.15% -0.28% -0.49% -0.39%
Directors  11 7 7 9 8 8 9 8
Women 9% 1 9% 1 14% 1 14% 2 22% 2 25% 2 25% 3 33% 2 25%
Minorities 0% 0 0% 0 0% 0 0% 1 11% 1 13% 1 13% 1 11% 1 13%
Institutions/Holdings ####### 277 $3,855.38 272 $3,383.38 222 47.40% 392 91.29%  makes no sense 2019
Value $1,996.34 $4,395.56
Total Shares Held ####### 134.000 48.55% 126.000 46.34% 79.000 32.41% 140.000 63.12%
Amount $4,100.40 $3,751.02 $1,365.120 $3,039.40
Increase/Decrease -0.43% -3.000 -2.19% -8.000 -5.97% 1.000 1.28% -16.000 -10.26%
Starting No. of Shares Moringstar 137.000 Moringstar 134.000 Moringstar 78.000 Moringstar 156.000 Moringstar
Institutions/Holdings 232 51.54% 20 29.67% 20 51.18% 20 38.58% 20 20.39%
Total Shares Held 122.986 55.45% 69.731 33.15% 105.686 53.53% 75.528 40.93% 37.627 20.39%
Increase/Decrease 3 Mths 2.479 2.06% -4.362 -5.89% 33.343 46.09% -10.200 -11.90% 2.493 7.10%
Starting No. of Shares 120.507 74.093 Top 20 MS 72.343 Top 20 MS 85.728 Top 20 MS 35.134 Top 20 MS
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